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GFOA Certificate of Achievement for Excellence in Financial Reporting Copyrighted July 2, 2018 City of Dubuque Consent Items # 5. ITEM TITLE: GFOA Certificate of Achievement for Excellence in Financial Reporting SUMMARY: City Manager transmitting the 30th Consecutive Certificate of Achievement for Excellence in Financial Reporting received from the Government Finance Officers Association that recognizes the City's Comprehensive Annual Financial Report (CAFR). SUGGESTED DISPOSITION: Suggested Disposition: Receive and File ATTACHMENTS: Description Type GFOA Certificate of Achievement-NNM Memo City Manager Memo GFOA Certificate of Achievement for Excellence in Staff Memo Financial Reporting THE CITY OF Dubuque � AIFA�erlwGh UB E '�� III► Masterpiece on the Mississippi Z°°'�w'2 7A13 2017 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: GFOA Certificate of Achievement for Excellence in Financial Reporting DATE: June 28, 2018 Finance Director Jean Nachtman is transmitting the notification of the City of Dubuque receiving the Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting for the 30�h consecutive year. �� �� ��� Mic ael C. Van Milligen �� � MCVM:jh Attachment cc: Crenna Brumwell, City Attorney Teri Goodmann, Assistant City Manager Cori Burbach, Assistant City Manager Jean Nachtman, Finance Director Jennifer Larson, Budget Director THE CITY OF � �u� ��IY � � �...! � � i�FA��ic�Cl�i �ac.�.v.x<te� r��f�•r . 1Vlasterpiece on the�ississippi �0"''�12 2t}13•2017 TO: Michael C. Van Milligen, City Manager � FROM: Jean M. Nachtman, Finance Director '� � SUBJECT: GFOA Certificate of Achievement for Excellence in Financial Reporting DATE: June 25, 2018 The City of Dubuque has been awarded its 30t" consecutive Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) for Fiscal Year ended June 30, 2017. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. JN/eml Enclosures Cc: Randy Gehl, Public Information Officer Gt�v�r.nrners.t Fi»aanc� Q£#i�:�rs A.ssoci�;ti�YY 2{?3 North I.aSalle St�•eet,Suite 270() Cliicage,Illixiois Fs�96U 1-12�4 3 f 2.�77.974(l fc�x: 312:9'77.48flG d . June 18,2018 Jean M.Nachtman Finance Director City of Dubuque 50 West 13th Street City Hall Dubuque, IA 52001-4805 Dear Ms.Nachtman; We are pleased to notify you that your 2017 fiscal year end comprehensive annual financial report (CAFR) qualifies for GFOA's Certificate of Achievement for Excellence in Financial Reporting, The Certificate of Achievement is the highest form of recognition in governmental acco�mting and financial reporting, and its attainment represents a significant accomplishment. Congratulations fol• having satisfied the high standards of the program. We hope that your � example will encourage others in their efforts to achieve and maintain an appropriate standard of excellence in financial reporting. A "Summary of Grading" form and a confidential list of comments and suggestions for possible improvements are enclosed. We want to strongly encourage the recommended improvements be made in the next report, and that the report be submitted to the program within six months of your next fiscal year end. Certificate of Achievement Program policy requires that written responses to the comments and sttggestions for improvement accompany the next fiscal year's submission. The written responses should provide details about how each item is addressed within this report. These responses will be provided to those Specia( Review Committee members participating in the review. If a comment is unclear or there appears to be a discrepancy, please contact the Technical Seivices Center at (312) 977-9700 and ask to speak with a Certi�cate of Achievement Program in-house reviewer. When a Certificate of Achievement for Excellence in Financial Reporting is awarded to a government, an Award of Financial Reporting Achievement (AFRA) is also presented to the individual(s) or department designated by the government as primarily responsible for its having earned the Certificate. An AFRA is enclosed for the preparer as designated on the application. Continuing participants will find a brass medallion enclosed with. these results. First-time recipients will receive a plaque in about 10 weeks. You may arrange for a formal presentation of the Award. We hope that appropriate publicity will be given to this notable achievement. A sample news release has been enclosed. A current holder of a Certiftcate of Achievement may include a reproduction of the Certificate in its immediately subsequent CAFR. A camera-ready copy of your Cei�tificate is enclosed for that purpose. If you reproduce your Certificate in your next report, please refer to the enclosed instructions. A Cet�tificate of Achievement is valid for a period of one year. A Cei�tificate ofAchievement Program application is posted on GFOA's website. This application must be completed and accompany your next submission. See sections III and N of the � application for instructions. The entity's GFOA membership number appears on the attached comments and must be listed on the application. Your continued interest in and support of the Certi�cate of Achievement Program is most appreciated. If we may be of any further assistance, please contact the Technical Services Center at(312)977-9700. Sincerely, � Michele Mark Levine Director,Technical Services Center I � GOVERNMENT FINANCE OFFICERS ASSOCIATION 1 � ��1r r � �le����� FOR IMMEDIATE RELEASE 06/18/2018 For more information contact: Michele Mark Levine, Director/TSC Phone: (312) 977-9700 Fax: (312) 977-4806 E-mail: mlevine@gfoa.org �Chicago, IIlinois)--The Certi�cate of Achievement for Excellence in Financial Reporting has been awarded • to City of Dubuque by Government Finance Officers Association of the United States and Canada(GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is tlle higliest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. An Award of Financial Reporting Achievement has been awarded to the individual(s► or department designated by the govecnment as primarily responsible for preparing the award-winning CAFR. The CAFR has been judged by an impartial panel to meet the high standards of the program, which includ�s demoustrating a constructive "spirit of full disclosure" to clearly communicate its �nancial stoiy and motivate potential users and user groups to read the CAFR. Governnzent Finance Officers Association is a major professional association servicing the needs of f7early 19,000 appointed and elected local, state, and provincial-level govern���ent officials and other finance practitioners. It provides top quality publications, training progrcrms, services, and products designed to enha�Zce the skills and perfornaance of those responsible for governnaent finance policy and managemev�t. The associatzon is headqua�•tered in Chicago, Illinois, with offices in Washington, D.C. 203 NORTH LASALLE STREET, SUITE 2700, CHICAGO, ILLINOIS 60601-1210