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<br />PUBLIC INQUIRES/ <br /> <br /> INFORMATIONAL 2-A <br /> <br />MEMORANDUM <br /> <br />DATE: June 24, 2013 <br /> <br />TO: Honorable Mayor and City Council Members <br /> Patrick Klaers, City Administrator <br /> <br />FROM: Sue Iverson, Director of Finance and Administrative Services <br /> <br />SUBJECT: GFOA Financial Awards Presentation <br /> <br /> <br />Background <br /> <br />The Government Finance Officers Association of the United States and Canada (GFOA) <br />has three award programs which promote best practices in Budget and Financial <br />reporting. <br /> <br />The Certificate of Achievement for Excellence in Financial Reporting or CAFR award is <br />for entities whose Comprehensive Annual Financial Report (CAFR) achieves the highest <br />standards in government accounting and financial reporting. This is our financial <br />statement. <br /> <br />The Award for Outstanding Achievement in Popular Annual Financial Reporting, or <br />PAFR, is given to entities who publish a Popular Annual Financial Report (PAFR) whose <br />contents conform to program standards of creativity, presentation, understandability and <br />reader appeal. This report is primarily - <br />understand format. We send this report out annually in our newsletter. <br /> <br />The Distinguished Budget Presentation Award represents a significant achievement by <br />the entity. It reflects the commitment of the governing body and staff to meet the highest <br />principles of governmental budgeting. In order to receive the budget award, the entity <br />had to satisfy nationally recognized guidelines for effective budget presentation. These <br />guidelines are designed to assess how wel <br />document, financial plan, operations guide, and a communications device. <br /> <br /> <br />City Council Meeting <br />P:\Admin\Council\Agendas & Packet Information\2013\06-24-13-R\Sue\2A, Financial Award <br />Presentation\Financial Awards 6-2012.doc <br />Page 1 of 2 <br />