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Awards and Acknowledgements <br />The Government Finance Officers Association of the United States and Canada (GFOA) awarded <br />a Certificate of Achievement for Excellence in Financial Reporting to the City of Elk River for its <br />Annual Comprehensive Financial Report for the fiscal year ended December 31, 2020. This was <br />the 32nd consecutive year the city has received this prestigious award. To be awarded a <br />Certificate of Achievement, a government must publish an easily readable and efficiently <br />organized Annual Comprehensive Financial Report. This report must satisfy both generally <br />accepted accounting principles and applicable legal requirements. <br />A Certificate of Achievement is valid for a period of one year only. We believe that our current <br />Annual Comprehensive 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 2021 Annual Comprehensive Financial Report meets the highest professional standards. <br />The preparation of this report is made possible by the efficient and dedicated services of the entire <br />staff of the finance department, other city departments, and through the helpful guidance and <br />assistance from our auditing firm, BerganKDV. Credit must also be given to the Mayor and City <br />Council for their diligence and resolve in maintaining high standards in the financial management <br />of the city. <br />Respectfully submitted, <br />Fill - <br />Lori Ziemer <br />Finance Director <br />6 <br />