HomeMy WebLinkAbout2008-01-16 PACKET 02.B.REQUEST OF CITY COUNCIL ACTION COUNCIL AGENDA
MEETING ITEM #
DATE 1-16-08 ,
PREPARED BY: Finance Ron Hedberg
ORIGINATING LIEPARTMENT STAFF AUTHOR
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COUNCIL ACTION REQUEST:
Receive the Certificate of Achievement for Excellence in Financial Reporting for the 2006
Comprehensive Annual Financial Report
STAFF RECOMMENDATION:
Receive the Award
BUDGET IMPLICATION:
SUPPORTING DOCUMENTS:
BUDGETED AMOUNT ACTUAL AMQUNT
0 MEMO/LETTER:
❑ RESOLUTION:
❑ ORDINANCE:
❑ ENGINEERING RECOMMENDATION:
❑ LEGAL RECOMMENDATION:
� OTHER:
ADMINISTRATORS COMMENTS:
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City Adm�nistrator pate
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COUNCIL ACTION TAKEN: ❑ APPROV�D ❑ DENIED [� OTH�R
City of Cottage Grove M ���
� Finance CJepartment
TO:
FROM:
DATE:
RE:
Background
Honorabie P�iayar and Ciiy Councii
Ryan Schroeder, City Administrator
Ron Hedberg, Finance Director
January 11, 2008
Certificate of Achievement in Financial Reporting
The Finance Department participates in the Governmental Finance Officers' Assaciation
(GFOA) Certificats program for the City's financial statements. Participating in the prograrn
requires complete and understandable financial statement presentation and disclosure. The
City has participated in the program since 1990 and has received the award for 17 consecutive
years.
7his award is nationally recagnized as the prerrrier indicator of excellence in gov�rnmentai
financial administration and reporting. To earn this award the City submits an arrnu�l report
that goes well beyond the minimum requirements of generally accepted accounting principles,
legal disclosure, and communication efforts. This award was evaluated by an impartial panei
of government finance officers, independent certified pubiic accountants, educators, and
professional staff of the Government Finance Officers Association.
The City's 2006 Comprehensive Annual Financial Report was submitted to the GFOA and has
been awarded the certificate of achievement for excellence in financial reporting. The award is
valid for one year.
The certificate of achievement would not have been possibie without the continued efforts of
fhe entire Finance Department, and especially Brenda Peper, Finance Analyst and Cathy
Mohr, Accountant.
Requested Action
Receive the Certificats of Achievement for Excellence in Financial Reporting �ar the 2006
Comprehensive Annual Financial Report.