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<br />o <br /> <br />Government Finance Officers Association <br />203 N. LaSalle Street - Suite 2700 <br />Chicago, IL 60601 <br /> <br />Phone (312) 977-9700 Fax (312) 977-4806 <br /> <br />11/08/2006 <br />NEWS RELEASE <br /> <br />F or Information contact: <br />Stephen Gauthier (312) 977-9700 <br /> <br />(Chicago )-- The Certificate of Achievement for Excellence in Financial Reporting has Qeen <br /> <br />awarded to City of Elk River by the Government Finance Officers Association of the United <br /> <br />States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate <br /> <br />of Achieveme.nt is the highest form of recognition in the area of governmental accounting and <br /> <br />financial reporting, and its attainment represents a significant accomplishment by a government <br /> <br />and its management. <br /> <br />An Award of Financial Reporting Achievement has been awarded to the individual(s), <br /> <br />department or agency designated by the government as primarily responsible for preparing the <br /> <br />award-winning CAFR. This has been presented to: <br /> <br />Finance Department, City of Elk River <br /> <br />The CAFR has been judged by an impartial panel to meet the high standards ofthe program <br /> <br />including demonstrating a constructive "spirit of full disclosure" to clearly communicate its <br /> <br />financial story and motivate potential users and user groups to read the CAFR. <br /> <br />The GFOA is a nonprofit professional association serving approximately 16,000 government <br /> <br />finance professionals with offices in Chicago, IL, and Washington, D.C. <br />