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To thff City Council and Citizens of the City of Orono <br />May 29. 19% <br />Award <br />The Govenuneni Finance Officers' Association (GFOA) awarded a Certificate of Achievement for <br />Excellence in Financial Reporting to the City for its Comprehensive Annual Financial Report for the fiscal <br />year ended December 31. 1994. TlJs was tlK eighth consecutive year that the City received this <br />prestigious award. In order to be awarded a Certificate of Achievement, the City published an easily <br />readable and efficiently organized Comprehensive Annual Financial Report. This report satisfied both <br />generally accepted accounting principles arxl aji^licable legal requirements. <br />A Certificate of Achievement is valid for a period of one year only. We believe that our current <br />Comprehensive Annual Financial Report continues to meet the Certificate of Achievement Program ’s <br />requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. <br />Acknowledgments <br />We would like to express our appreciation to the entire City staff for their individual contributions in <br />assisting with the preparation of this report and to the outside agencies who assisted with essential <br />information foi this rqwrt. We also would like to express appreciation to the Mayor and City <br />Councilmembers for their interest and support in planning and conducting the financial operations of the <br />City. <br />Sincerely, <br />Ronald J. Moorse <br />Administrator <br />Thomas M. Kuehn <br />Finance Director <br />-14-