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Presented to <br />City of F�os�ville, <br />Minnesota <br />For its Comprehensive Annual <br />Financial Fieport <br />for the Fiscal Year Ended <br />December 31, 1987 <br />A Certificate of Achievement for Excellence in Financial <br />Reporting is presented by the Govemment Finance Officers <br />Association of the United States and Canada to <br />government units and public employee retirement <br />systems whose comprehensive annual financial <br />reports (CAFRs) achieve the highest <br />standards in government accounting <br />and financial reporting. <br />President <br />� � <br />Executive Director <br />18 <br />