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CERTIFICATE OF ACHIEVEMENT <br />The Government Finance Officers Association of the United States and Canada (GFOA) awarded a <br />Certificate of Achievement for Excellence in Financial Reporting to the City for its comprehensive annual <br />financial report for the year ended December 31, 1998. This was the fifth consecutive year the City has <br />received this prestigious award. The City had received the award from 1981 through 1988, but did not <br />participate in the program during the years ended December 31, 1989 through 1994. <br />The City published an easily readable and efficiently organized comprehensive annual financial report. This <br />report satisfied both generally accepted accounting principles and applicable legal requirements. <br />A Certificate of Achievement is valid for a period of one year only. We believe our current comprehensive <br />annual financial report continues to meet the Certificate of Achievement Program's requirements and we are <br />submitting it to the GFOA to determine its eligibility for another certificate. <br />ACKNOWLEDGMENT <br />The 1999 Comprehensive Annual Financial Report of the City of Ramsey meets the highest professional <br />standards and was prepared in a timely and cost-effective manner. This could never have been accomplished <br />without the excellent work of the entire Finance Department. We would like to express our appreciation to <br />the Finance Department and all members of City staff who assisted in the contribution to its preparation. <br />Respectfully submitted, <br /> <br />Diana Lund <br />Finance Officer <br />-xix- <br />