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<br />~ Certificate of <br />~ Achievement <br />for Excellence <br />in Financial <br />Reporting <br />' Presented to <br />~ City of Elk River <br />' Minnesota <br />For its Comprehensive Annual <br />Financial Report <br />for the Fiscal Year Ended <br />December 31, 2006 <br />A Certificate of Achievement for Excellence in Financial <br />Reporting is presented by the Government Finance Officers <br />Associarion of the United States and Canada to <br />government uniu and public employee retirement <br />systems whose comprehensive annual financial <br />reports (CAFRs) achieve the highest <br />standards in government accounting <br />and fmancial reporting. <br />P o~rx Fay, <br />~ umnasr~rrts <br />~~ nno 0 <br />`°""°" President <br />' ~~ ea <br />~,:.~ <br />fy~f~i~ <br />' Executive Dtrector <br />C' <br /> <br />' S <br />