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<br />Certificate of <br />Achievement <br />for Excellence <br />in Financial <br />Reporting' <br /> <br />Presented to <br /> <br />City of Ramsey <br />Minnesota <br /> <br />For its Comprehensive Annual <br />Financial Report <br />for the Fiscal Year Ended <br />December 31,2006 <br /> <br />A Certificate of Achievement for Excellence in Financial <br />Reporting is presented by the Government Finance Officers <br />Association of the United States and Canada to <br />government units and public employee retirement <br />systems whose comprehensive annual financial <br />reports (CAFRs) achieve the highest <br />standards in government acco:unting <br />and financial reporting. <br /> <br /> <br />~...... ~...."'...... <br />."."" .. ,n . <br />'-.' ".,-'- <br />. . . . , <br />. . <br />. . <br />. , -' . . . <br />. - .... ," ." <br />.. . <br />,........ .." . m ....~ ....... <br />-:-...-......-......~ .:-.'- <br />. . . . . - <br /> <br /> <br />President <br /> <br />~/~ <br /> <br />Executive Director <br />