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APPENDIX III <br /> EXCERPT OF THE CITY'S 2014 COMPREHENSIVE ANNUAL FINANCIAL REPORT <br /> Data on the following pages was extracted from the City's Comprehensive Annual Financial Report for <br /> fiscal year ended December 31,2014. (The City's Comprehensive Annual Financial Report for the fiscal <br /> year ended December 31, 2015 is not yet available.) The reader should be aware that the complete <br /> financial statements may contain additional information which may interpret, explain or modify the data <br /> presented here. <br /> The City's comprehensive annual financial report for the year ending 2014 was awarded the Certificate of <br /> Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of <br /> the United States and Canada (GFOA). This was the 26th consecutive year that the City has received this <br /> award. The Certificate of Achievement is the highest form of recognition for excellence in state and local <br /> government financial reporting. <br /> In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable <br /> and efficiently organized comprehensive annual financial report (CAFR), whose contents conform to <br /> program standards. Such CAFR must satisfy both generally accepted accounting principles and <br /> applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. <br /> III-1 <br /> 171 <br />