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GFOA Certificate of Achievement for Excellence FY2018 Financial Reporting Copyrighted July 15, 2019 City of Dubuque Action Items # 1. ITEM TITLE: Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Reporting for Fiscal Year 2018. SUM MARY: City Manager is transmitting the notification of the City of Dubuque receiving the Government Finance Officers Association (GFOA) Certificate of Achievementfor Excellence in Financial Reporting for the 31 st consecutive year for the Fiscal Year 2018 Budget. SUGGESTED DISPOSITION: Suggested Disposition: Receive and File ATTACHMENTS: Description Type MVM Memo City Manager Memo Staff Memo Staff Memo Award Supporting Documentation Dubuque THE CITY OF � All America City DuB E ;,����� �, Maste iece on the MissTssT i zao��zo12•zo13 YP PP zoi�*zoi9 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: July 1, 2019 Director of Finance and Budget Jennifer Larson 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 315t 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 Jennifer Larson, Director of Finance and Budget Jenn Raber, Finance Manager Dubuque THE CITY OF � All•America City UB E ��o������,.�,�� , � � ► Maste iece on the Mississi i z°°'*2°12�z°13 �`P pp zoi�*zoi9 TO: Michael C. Van Milligen, City Manager FROM: Jennifer Larson, Director of Finance and Budget SUBJECT: GFOA Certificate of Achievement for Excellence in Financial Reporting DATE: July 2, 2019 The City of Dubuque has been awarded its 31 St consecutive Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) for Fiscal Year ended June 30, 2018. 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. JML Enclosures Cc: Randy Gehl, Public Information Officer � GOVERNMENT FINANCE OFFICERS ASSOCIATION NL,11�� � ������L FOR Ilvi yfl�D I A�E RELEASE 06/19/2019 For more information contact: Michele Mark Levine, Director/TSC Phone: (312)977-9700 Fax: (312) 977-4806 E-mail: mlevine@gfoa.org (Chicago, Illinois)--The Certificate of Achievement for Excellence in Financial Reporting has been awardeci 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 ofAchievement is the l�i;hest form of recognition 'sn the area of governmental accounting and finaiicial reporting, and its attainme�it represent� a signiticanf acc��hplish.ment by a govern�nent and its inaiiagement. An Award �f Financi.al Reporting Achievement has beeii awarded to the individual(sj or department designated by the go�ernment as primarily responsible for preparing the a�vard-winiii��g CAFR. The CAFR has been judged by an impartial panel to meet the high standards of the program,which includes demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the CAFR. Goverrmert Finance ��cers Association is a »7ajor professional association servicing the raeeds of over 20,0�0 appointed and edected iocal, state, and provincial-level gover»ment o�cials and other frrrance �ra.critioners. It provrdes top quality publications, training�rogranas, se��vices, and products designed to enhance the skidls arad perfor»7a�zce of those res�orrsible for go>>ernment finance policy and n�anagement. The association is headqucrrte�•ed in Chicago, Illinois, with o�ces in Washington, D.C. 203 NORTH LASALLE STREET, SUITE 2700, CHICAGO, ILLINOIS 60601-1Z10 Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to City of Dubuque Iowa For its Comprehensive Annual Financial Repoi-t for the Fiscal Year Ended June 30, 2018 P� 7��e-r�-�C Executive Director/CEO Gc�vcrnment Financc Officcrs Assc�ci�tic>ii 203 North L.aSalle Str�•�•t, Suitc 2700 Chica�o, lllinais 6UGO l I210 312.977.9700 /as: 312.977.480(i June 19, 2019 Jean Nachtman Finance Director City of Dubuyue 50 West 13th Street City Hall Dubuque, IA 52001-4805 Dear Ms.Nachtman: We are pleased to notify you that your 2018 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 accounting and financial reporting, and its attainment represents a significant accomplishment. Congratulations for 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 suggestions 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 Special Review Committee members participating in the review. If a comment is unclear or there appears to be a discrepancy, please contact the Technical Services 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. We hope that appropriate publicity will be given to this notable achievement. A sample news release has been enclosed. A current holder of a Certificate of Achievement may include a reproduction of the Certificate in its immediately subsequent CAFR. A camera-ready copy of your Certificate is enclosed for that purpose. If you reproduce your Certificate in your next report, please refer to the enclosed instructions. A Certificate ofAchievement is valid for a period of one year. Over the course of the year, we are anticipating some changes to our application process. We will still be asking governments for the same documents we asked for in the past, but we are encouraging electronic submissions to cafrprogram@gfoa.org and expect to be making other changes going forward. We will keep members informed of any changes via email, and application instructions will be updated on our website. Your continued interest in and support of the Certificate 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, C� Michele Mark Levine Director,Technical Services Center � �