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NEWS RELEASE <br />RE: CITY OF ORONO <br />Is Awarded <br />HIGHEST AWARD IN FINANCIAL REPORTING <br />GOVERNMENT RNANCE <br />OFFICERS ASSOCIATION <br />180 NORTH MICHIGAN AVENUE <br />SUITE 800CHICAGO. ILUNOIS 60601 <br />312/977-9700 <br />FAX: 312/977-4806 <br />(Chicago)—The Certificate of Achievement for Excellence in Financial <br />Reporting has been awarded to: <br />CITY OF ORONO <br />by the Government Finance Officers Association of the United States and <br />Canada (GFOA) for its comprehensive annual financial report (CAFR). <br />The Certificate of Achievement is the highest form of recognition in the <br />area of governmental accounting and financial reporting, and its <br />attainment represents a significant accomplishment. <br />When a Certificate of Achievement is awarded to a government, an Award <br />of Financial Reporting Achievement also is given to the individual <br />designated as primarily responsible for its having earned the certificate. <br />This Award of Financial Reporting Achievement has been presented to: <br />THOMAS M. KUEHN, FINANCE DIRECTOR <br />The CAFR has been judged by an impartial panel to meet the high <br />standards of the program including demonstrating a constructive "spirit <br />of full disclosure" effort to clearly communicate its financial story <br />and motivate potential persons and user groups to read the CAFR. <br />The GFOA is a nonprofit professional association serving 11,500 <br />government finance professionals. The association produces a variety of <br />technical publications in various fields of governmental finance, and <br />represents the public finance community in Washington, D.C. The <br />association provides numerous training opportunities, and conducts an <br />annual conference attended by 5,000 public finance professionals. <br />For more information, contact Fred Lantz at 312/977-9700. <br />WASHINGTON OFFICE. SUITE 200 • 1750 K STREET MW • WASHINGTON D.C 20006 • 202/429-2750 • FAX: 202/429-2755