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Certificate of <br />Achievement <br />I <br />ior Excellence <br />i:#. Financial <br />M P, <br />W A <br />EEK*= <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, 1999 <br />A Certificate of Achievement for Excellence in Financial <br />Reporting is presented by the Government Finance Officers <br />Association of the United States and Canada to <br />government units and public employee retirement <br />systems whose comprehensive annual financial <br />reports (CAFRs) achieve the highest <br />standards in government accounting <br />and financial reporting. <br />4� OF T <br />WED IT <br />A <br />TM <br />wr 10 <br />CPWOON <br />resident <br />SMIAUL <br />Executive Director <br />*0 <br />