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GFOA - Finance Cert. of Achievement D~~~E ~cIk-~ MEMORANDUM May 30,2006 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: GFOA Certificate of Achievement Finance Director Ken TeKippe reports that the City of Dubuque has received the Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting for the Comprehensive Annual Financial Report for the eighteenth consecutive year. ;,;,d (;;1 /lZ/1-- Mic ael C. Van Mllligen MCVM/jh Attachment cc: Barry Lindahl, Corporation Counsel Cindy Steinhauser, Assistant City Manager Ken TeKippe, Finance Director ""-'i ,. i5~'~%duE ~<k~ Memorandum TO: Mike V8fI Milligen, City Manager Dawn Lang, Budget Director FROM: Ken TeKippe, Finance Director ~ cr;~ GFOA Certificate of Achievement RE: DATE: May 16, 2006 The Government Finance Officers Association (GFOA) notified me yesterday that our Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2005 qualified for a Certificate of Achievement for Excellence in Financial Reporting. A copy of the notification is enclosed. A news release was also received which will be provided to Randy Gehl. This is the eighteenth consecutive year that the City has received the certificate. KT/jg Enclosures Gb Government Finance Officers Association 203 N. LaSalle Street - Suite 2700 Chicago, IL 60601 Phone (312) 977-9700 Fax (312) 977-4806 May II, 2006 Kenneth J. TeKippe Finance Director City of Dubuque City Hall, 50 West 13th Street Dubuque IA 52001-4805 Dear Mr. TeKippe: We are pleased to notifY you that your comprehensive annual financial report (CAFR) for the fiscal year ended June 30, 2005, qualifies for a 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 by a government and its management. Each entity submitting a report to the Certificate of Achievement review process is provided with a "Summary of Grading" form and a confidential list of comments and suggestions for possible improvements in its financial reporting techniques. Your list has been enclosed. You are strongly encouraged to implement the recommended improvements into the next report and submit it to the program. If it is unclear what must be done to implement a comment or if there appears to be a discrepancy between the comment and the information in the CAFR, please contact the Technical Services Center (312) 977 -9700 and ask to speak with a Certificate of Achievement Program in-house reviewer. Certificate of Achievement program policy requires that written responses to the comments and suggestions for improvement accompany the next fiscal year's submission. Your written responses should provide detail about how you choose to address each item that is contained within this report. These responses will be provided to those Special Review Committee members participating in the review. When a Certificate of Achievement 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. As the designated individual we have enclosed your AFRA. Your Certificate of Achievement plaque will be shipped to you under seperate cover in about eight weeks. We hope that you will arrange for a formal presentation of the Certificate and Award of Financial Reporting Achievement, and that appropriate publicity will be given to this notable achievement. A sample news release has been enclosed. We suggest that you provide copies of it to local newspapers, radio stations and television stations. In addition, enclosed is the Certificate Program "Results" for reports with fiscal years ended during 2004 representing the most recent statistics available. \l current holder of a Certificate of Achievement may include a reproduction of the award 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 repmt, please refer to the enclosed instructions. A Certificate of Achievement is valid for a period of one year. To continue to' participate in the Certificate of Achievement Program it will be necessary for you to submit your next CAFR to our review process. In order to expedite your submission we have enclosed a Certificate of Achievement Program application form to facilitate a timely submission of your next report. This form should be completed and sent (postmarked) with three copies of your report, three copies of your application, three copies of your written responses to the program's comments and suggestions for improvement from the prior year, and any other pertinent material with the appropriate fee by December 31, 2006. 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 Delores Smith (dsmith@gfoa.org or (312) 578-5454). Sincerely, Government Finance Officers Association Y6fL~ ~~ Stephen J. Gauthier, Director Technical Services Center SJG/ds .Gb Government Finance Officers Association 203 N. LaSalle Street - Suite 2700 Chicago, II. 6060 I Phone (3 I 2) 977-9700 Fax (312) 977-4806 May 11,2006 The Honorable Roy D. Buol Mayor City of Dubuque City Hall, 50 West 13th Street Dubuque IA 52001-4805 Dear Mayor Buol: Weare pleased to notify you that your comprehensive annual financial report for the fiscal year ended June 30, 2005 qualifies for a 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 by a government and its management. The Certificate of Achievement plaque will be shipped to: Kenneth J. TeKippe Finance Director under separate cover in about eight weeks. We hope that you will arrange for a formal presentation of the Certificate and Award of Financial Reporting Achievement, and that appropriate publicity will be given to this notable achievement. To assist with this, enclosed are a sample news release and the Certificate Program "Results" for reports with fiscal years ended during 2004 representing the most recent statistics available. We hope that your example will encourage other government appropriate standard of excellence in financial reporting. officials in their efforts to achieve and maintain an Sincerely, Government Finance Officers Association Q C~. l, .U:~ ....... JlIifL J ~~ , , ",~ ' .1 ;':::c" .- , '. -~ Stephen J. Gauthier, Director Technical Services Center SJG/ds '.Gb Government Finance Officers Association 203 N. LaSalle Street - Suite 2700 Chicago, IL 60601 Phone (312) 977-9700 Fax (312) 977-4806 05/11/2006 NEWS RELEASE For Information contact: Stephen Gauthier (312) 977-9700 (Chicago)--The Certificate of Achievement for Excellence in Financial Reporting has been awarded to City of Dubuque by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). 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. An Award of Financial Reporting Achievement has been awarded to the individual(s), department or agency designated by the government as primarily responsible for preparing the award-winning CAFR. This has been presented to: Kenneth J. TeKippe, Finance Director The CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the CAFR. The GFOA is a nonprofit professional association serving approximately 16,000 government finance professionals with offices in Chicago, IL, and Washington, D.C.