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City of <br /> <br />E <br /> <br />River <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />MEMORANDUM <br /> <br />Mayor & City Council <br /> <br />Pat Klaers, City Administrator <br /> <br />January $, 2001 <br /> <br />GFOA Finance Award <br /> <br />Item #5.3 <br /> <br />It is with great pleasure that I notify the City Council that the City of Elk <br />River has received the Certificate of Achievement (COA) for Excellence in <br />Financial Reporting for the 1999 Fiscal Year. The COA plaque acknowledging <br />this award will be received in about two months. <br /> <br />The COA is a prestigious national award recognizing conformance with the <br />highest standards for preparation of state and local government financial <br />reports. In order to awarded a COA, the governmental unit must publish an <br />easily readable and efficiently organized Comprehensive Annual Financial <br />Report (CAFR) whose components conform to program standards. The CAFR <br />must satisfy both generally accepted accounting principles and applicable <br />legal requirements. The COA is valid for a one year period. The City of Elk <br />River has received the COA for eleven consecutive years ending December 31, <br />1999. <br /> <br />This item is on the agenda as information only and no action is necessary <br />from the City Council except to acknowledge receipt of the award. The city <br />receiving this award is due to the efforts of the entire finance department <br />staff including Joan Frick, Sr. Accounting Clerk, Lauren Wipper, Payroll <br />Clerk, Lori Ziemer, Assistant Finance Director, and Lori Johnson, Finance <br />Director. Responsibility for preparation of the CAFR lies with Lori Ziemer <br />and Lori Johnson. A Star News "photo opportunity" of the entire department <br />will hopefully take place once the plaque has been received. <br /> <br />Attached is some COA information including a news release, a certificate, <br />and some pages from the booklet that was provided to the city. <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone (763) 441-7420 · Fax (763) 441-7425 <br /> <br /> <br />