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~/ <br />City of <br />Elk -~-, <br />River <br />REQUEST FOR ACTION <br />To Item Number <br />Ma or and Ci Council 3.4 <br />Agenda. Section Meeting Date Prepared by <br />Consent December 7, 2009 Tim Simon, Finance Director <br />Item Description Reviewed by <br />Acceptance of the Certificate of Achievement for Excellence in Lori ohnson, Ci Administrator <br />Financial Reporting Reviewed by <br />Action Requested <br />Acceptance of the Certificate of Achievement for Excellence in Financial Reporting <br />Background/Discussion <br />The City of Elk River has once again received the Certificate of Achievement for Excellence in Financial <br />Reporting for the 2008 fiscal year. The Certificate of Achievement is a prestigious national award <br />recognizing performance with the highest standards for preparation of state and local government <br />financial reports. The City of Elk River has received the Certificate of Achievement for 20 consecutive <br />years. The 2008 financial statements included the implementation of GASB 45 (other post-employment <br />benefits). <br />Financial Impact <br />None <br />Attachments <br />Certificate of Achievement for Excellence in Financial Reporting <br />News release <br />Action Motion by Second by Vote <br />Follow Up <br />C:\Documents and Settings\jmiller\Local Settings\Temporary Internet Files\OLK3E\Certificate <br />of achievement2008fs.doc <br />