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XVIII
AWARDS AND ACKNOWLEDGMENT
The City has participated in the Government Finance Officers Association of the United
States and Canada (GFOA) Certificate of Achievement Program since 1975. GFOA
recognizes governmental units that issue their comprehensive annual financial reports
substantially in conformity with the standards of the Governmental Accounting Standards
Board. The City has received favorable recognition for its comprehensive annual
financial report for forty-one consecutive years, (1975 through 2015). Valid for a period
of one year, we believe our current report continues to conform to Certificate of
Achievement Program requirements, as an easily readable and efficiently organized
CAFR, and we are submitting it to GFOA to determine its eligibility for another certificate.
To conclude, a review of the financial statements of the City will indicate a sound financial position. The
financial outlook for FY 2016-17 is stable, with moderate revenue growth forecasted and continued cost-
saving measures. Present management efforts in long-range strategic and comprehensive planning should
enable the City to generate adequate resources to meet future services demand levels, afford a stable financial
position, protect the City's credit ratings, and maintain realistic tax burdens on the public. City staff is
preparing to meet the challenges of the twenty-first century to exceed the expectations of citizens for service
delivery.
The preparation of this report on a timely basis could not be accomplished without the efficient and dedicated
services of the Administration, Financial Reporting, Treasury and Accounting Divisions of the Financial and
Administrative Services Department. We would like to express our appreciation to all personnel who assisted
and contributed to the preparation of this report. We would also like to thank the members of the City
Council for their interest and support in planning and conducting the financial operations of the City in a
responsible and progressive manner.
Respectfully submitted,
Jim Westmoreland
City Manager
Richard L. Lusk
Finance Director