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Ji <br />cty or <br />Elk -~--, <br />River <br />REQUEST FOR ACTION <br />To Item Number <br />Ci Council 3.3• <br />Agenda Section Meeting Date Prepared by <br />Consent anua 12, 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 2007 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 19 consecutive <br />years. The 2008 financial statements will include implementing GASB 45 (other post-employment <br />benefits) which we reviewed the actuarial valuation last year. <br />Financial Impact <br />None <br />Attachments <br />• Certificate of Achievement for Excellence in Financial Reporting <br />Action Motion by Second by Vote <br />Follow Up <br />C:\Documents and Settings\jmiller\L,ocal Settings\Temporary Internet Files\OLK3E\Certificate of achievement.doc <br />