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Government Finance Officers Association <br />203 North LaSalle Street, Suite 2700 <br />Chicago, Illinois 60601-1210 <br />312.977.9700 fax: 312.977.4806 <br /> <br /> December 5, 2003 <br /> For information contact: <br />NEWS RELEASE Stephen Gauthier (312) 977-9700 <br /> <br />(Chicago)--The Certificate of Achievement for Excellence in Finan- <br />cial Reporting has been awarded to: City of Elk River, MN <br />by the Government Finance Officers Association of the United States <br />and Canada (GFOA) for its comprehensive annual financial report <br />(CAFR) . The Certificate of Achievement is the highest form of <br />recognition in the area of governmental accounting and financial <br />reporting, and its attainment represents a significant accomplish- <br />ment by a government and its management. <br /> <br /> An Award of Financial Reporting Achievement has been awarded <br />to the individual(s), department or agency designated by the <br />government as primarily responsible for preparing the award- <br />winning CAFR. This has been presented to: <br />Finance Department, City of Elk River <br /> <br /> The CAFR has been judged by an impartial panel to meet the <br />high standards of the program including demonstrating a construc- <br />tive "spirit of full disclosure" to clearly communicate its <br />financial story and motivate potential users and user groups <br />to read the CAFE. <br /> <br /> The GF©A is a nonprofit professional association serving <br />approximately 14,000 government finance professionals with offices <br />in Chicago, Illinois, and Washington, D.C. <br /> <br />www. gfoa. org <br /> <br /> <br />