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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 /> i <br /> i <br /> i <br /> June 17, 2013 <br /> PRESS RELEASE <br /> For Further Information Contact <br /> Stephen J. Gauthier(312) 977-9700 <br /> Chicago--The Government Finance Officers Association of the United States and Canada(GFOA) <br /> is pleased to announce that City of Elk River, Minnesota has received the GFOA's Distinguished <br /> Budget Presentation Award for its budget. <br /> The award represents a significant achievement by the entity. It reflects the commitment of the <br /> governing body and staff to meeting the highest principles of governmental budgeting. In order to <br /> receive the budget award,the entity had to satisfy nationally recognized guidelines for effective <br /> budget presentation. These guidelines are designed to assess how well an entity's budget serves as: <br /> • i <br /> a policy document <br /> • a financial plan <br /> • an operations guide <br /> • a communications device <br /> Budget documents must be rated "proficient" in all four categories, and the fourteen mandatory <br /> criteria within those categories,to receive the award. <br /> When a Distinguished Budget Presentation Award is granted to an entity, a Certificate of Recognition <br /> for Budget Presentation is also presented to the individual or department designated as being <br /> primarily responsible for its having achieved the award. This has been presented to Finance <br /> Department. <br /> For budgets including fiscal period 2012, over 1,340 entities are expected to received the Award. <br /> Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent <br /> example for other governments throughout North America. <br /> The Government Finance Officers Association is a nonprofit professional association serving over <br /> 17,800 government finance professionals throughout North America, The GFOA's Distinguished <br /> Budget Presentation Awards Program is the only national awards program in governmental <br /> budgeting. <br /> Washington,DC Office <br /> 1301 Pennsvlvania A-,-enue,N.W., Suite 309 ° Washington, DC 20004 ° 202.393.8020 °fax: 202.393.0780 <br /> ww-w-.gfoa.org <br /> I <br />