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G 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 />AUG 2 4 20-15 <br />July 21, 2015 <br />PRESS RELEASE <br />For Further Information Contact <br />Stephen J. Gauthier (312) 977-9700 <br />+**++ss***+ss+**+s+***s+s***+ss+*rtss***++s**+rts+s**s++***++s***rtss**ss***s+s**ss****rt <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 />■ 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 beginning in 2013, 1,424 participants received the Award. Award recipients have <br />pioneered efforts to improve the quality of budgeting and provide an excellent example for other <br />governments throughout North America. <br />The Government Finance Officers Association is a major professional association servicing the needs <br />of more than 18,000 appointed and elected local, state, and provincial -level government officials and <br />other finance practitioners. It provides top quality publications, training programs, services, and <br />products designed to enhance the skills and performance of those responsible for government finance <br />policy and management. The association is headquartered in Chicago, Illinois, with offices in <br />Washington D.C. The GFOA's Distinguished Budget Presentation Awards Program is the only <br />national awards program in governmental budgeting. <br />Washington, DC Office <br />1301 Pennsylvania Avenue, N.W., Suite 309 • Washington, DC 20004 • 202.393.8020 • fax: 202.393.0780 <br />www.gfoa.org <br />