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COUNCIL MEETING <br />MAR 2 2 1999 <br />CITY OF OflONO <br />REQUEST FOR COUNCIL ACTION <br />DATE: March 16,1999 <br />ITEM NO: <br />Department Approval: v-Administrator Reviewed: Agenda Section: <br />Name Tom Kuehn <br />Title Finance Director <br />City Administrator's <br />Report <br />Item Description: <br />Receipt of the Certificate of Achievement for Excellence in Financial Reporting-1997 <br />Financial Report <br />Attachments: <br />• Notification letter from the Government Finance Officers Assoc., dated 2/26/99 <br />• Sample news release. <br />• Award of Financial Reporting Achievement. <br />The City of Orono has been awarded the G.F.O.A.'s Certificate of Achievement for <br />Excellence in Financial Reporting for its Comprehensive Annual Financial Report for the <br />fiscal year ended December 31, 1997. This is the eleventh consecutive year that the City <br />received this prestigious award. The Certificate of Achievement is the highest form of <br />recognition in governmental accounting and financial reporting, and its attainment <br />represents a significant accomplishment by a government and its management. <br />I would like to thank the finance department support staff for their ongoing efforts and <br />assistance in achieving this award, and the audit staff of Malloy, Montague, Kamowski, <br />Radosevich and Co., for their valuable assistance, and the City Council for their <br />leadership in supporting and encouraging the City to seek this award. <br />COUNCIL ACTION REQUESTED: <br />Information item, no action requested. <br />TOMVMSwvcroACirr