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A Certificate of Achievement is valid for a period of one year only. We believe that our current <br />Comprehensive Annual Financial Report continues to meet the Certificate of Achievement <br />Program's requirements and we are submitting it to the GFOA to determine its eligibility for <br />another certificate. <br />The City received the GFOA Award for the Distinguished Budget Presentation for the City <br />budget for the fiscal year beginning January 1, 2016. It was the 8t" consecutive year the City <br />received the award for the document. <br />The preparation of this report is made possible by the efficient and dedicated services of the <br />entire staff of the city administrator's office and Finance Department. The Mayor and City <br />Council are to be commended for their diligence and resolve in keeping the City in sound and <br />stable financial condition. The City Council's commitment to continually plan for the City's future <br />and dedication to maintain high financial standards has helped the City maintain its strong <br />financial condition during a long period of growth and subsequent market changes. <br />Respectfully submitted, <br />Lori Ziemer <br />Finance Director <br />(4) <br />