HomeMy WebLinkAboutItem 04.bAugust 16, 2010
Government Finance Officers Association (GFOA)
Certificate of Achievement for Excellence in Financial Reporting
Distinguished Budget Presentation Award
The Government Finance Officers Association of the United States and Canada (GFOA) has
granted the City of Lakeville (a) The Certificate of Achievement for Excellence in Financial
Reporting and (b) the Distinguished Budget Presentation Award.
Lakeville is amongst a very elite group of only 19 Minnesota Cities that have received both
awards.
Certificate of Achievement for Excellence in Financial Reporting
Distinguished Budget Presentation Award
• A policy document
• A financial plan
• An operation guide
• A communications device
Item No.
The Certificate of Achievement for Excellence in Financial Reporting is sponsored by the
Government Finance Officers Association of the United States and Canada. Financial reports
which meet program standards are awarded Certificate of Achievement. The program
encourages governments to publish excellent comprehensive annual financial reports and
provides recognition and education assistance to finance officers preparing such reports. The
Certificate of Achievement is the highest form of recognition in government accounting and
financial reporting and its attainment represents a significant accomplishment.
The GFOA has awarded the Certificate of Achievement to the City of Lakeville for its financial
report for the year ending December 31, 2008. This is the twenty first (21) consecutive years
Lakeville has received the award.
The Distinguished Budget Presentation Award reflects the commitment of the governing body
and staff to meeting the highest principles of governmental budgeting. In order to receive the
budget award, the entity had to satisfy nationally recognized guidelines for effective budget
presentation. These guidelines are designed to assess how well an entity's budget serves as:
Budget documents must be rated "proficient" in all four categories, and the fourteen mandatory
criteria within those categories, to receive the award. The Government Finance Officers
Association's Distinguished Budget Presentation Awards Program is the only national awards
program in governmental budgeting.
Acknowledgements
I would like to extend my appreciation to the Mayor, City Council and City Administrator for the
commitment and support provided in allowing the Finance Department the opportunity to strive
for excellence in the area of financial reporting.
I would also like to express my sincerely appreciation and gratitude to those individuals who are
dedicated and committed to this community and the high standards required for preparation of the
financial reports and budget documents. As such I would like to present the Government Finance
Officers Association Award of Financial Reporting Achievement and the Certificate of
Recognition for Budget Presentation to Senior Accountants Brian Kempa, Tom Nesseth and
David Lang.
Dennis Feller, Fin e Director