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<br />. rl; ~"-( <br />( II <br />.~~YI~b <br />~ ~ River <br /> <br />ITEM 6. 1. <br /> <br /> <br />TO: MAYOR & CITY COUNCIL <br />FROM: PATRICK KLAERS, CIT~~~NI~TRAToR <br /> '~ <br />DATE: JANUARY 7, 1994 \ ( 1 ' <br />SUBJECT: FINANCE AWARD <br /> <br />It is with great pleasure that I notify the City Council that <br />the City of Elk River has received the certificate of <br />Achievement for Excellence in Financial Reporting for the 1992 <br />fiscal year. A plaque will be received within the next two <br />months. Once this plaque acknowledging the Certificate of <br />Achievement is received by the City, a formal Mayor <br />presentation to the Finance Director is planned. In this <br />manner, the appropriate "photo opportunity" will hopefully <br />happen and appropriate recognition for the outstanding job our <br />City Finance Director, Lori Johnson, has done can take place. <br /> <br />. <br /> <br />Attached is some information relating to the Certificate of <br />Achievement (COA). The attachments include a letter to the <br />Mayor, a certificate, a news release, and some information from <br />a booklet that was provided to the City that displays which <br />gove.rnmental units in Minnesota have received the certificate, <br />along with some data about Minnesota as compared to all of the <br />United States. <br /> <br />The Certificate of Achievement is a prestigious national award <br />recognizing conformance with the highest standards for <br />preparation of State and local government financial reports. <br />In order to be awarded a Certificate of Achievement, a <br />government unit must publish an easily readable and efficiently <br />organized comprehensive annual financial report whose <br />components conform to program standards. Such comprehensive <br />annual financial reports must satisfy both generally accepted <br />accounting principals and applicable legal requirements. <br /> <br />A Certificate of Achievement is valid for a period of one <br />year. The City of Elk River has received a Certificate of <br />Achievement for the last four (4) consecutive years ending on <br />December 31, 1992. <br /> <br />Lori Johnson, Finance Director, is <br />primarily responsible for having <br />certificate. It is also appropriate to <br />Senior Accounting Clerk Joan Frick as <br />the background work that was needed in <br />award. <br /> <br />the individual that is <br />the City earn this <br />acknowledge the work of <br />she has assisted Lori in <br />order to receive this <br /> <br />.) <br /> <br />It is interesting to note <br />was only one of 48 cities in <br />out of approximately 850 <br />River is one of 64 cities in <br /> <br />that in 1989, the City of Elk River <br />Minnesota that received this award <br />cities. In 1992, the City of Elk <br />Minnesota that has received this <br /> <br />P.o. Box 490 . 13065 Orono Parkway · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br />