| PRESENTATION B
Date: February 11, 2003
To: Honorable Mayor and City Council
John Stevenson, City Manager
From: Pamela Ehler, Director of Finance and Information Systems
Subject: 2000/01 CAFR Award
Last year the Finance Department submitted the City’s first Comprehensive Annual Financial Report (CAFR) to the Government Finance Officers Association’s award program. The Government Finance Officers Association offers a recognition program for public entities to determine whether the City conforms to the highest level of financial reporting standards. If a city qualifies, a Certificate of Achievement is awarded for a period of one year. The Certificate Program, which was established in 1945, is designed to recognize and encourage excellence in financial reporting by state and local governments. I am very pleased to announce that the City of Brentwood has been awarded the Certificate of Achievement in Financial Reporting for the 2000/01 CAFR.
An award-winning CAFR shows a dedication to fiscal responsibility and outstanding financial management and reporting. It promotes improved public finance and can increase the City’s credit rating as it presents additional technical information not found in a standard financial reporting package. This award is a reflection on the entire staff as this document was created and published in-house as opposed to having our auditor prepare it. It also creates a great deal of pride as it is a national award.
I wish to thank the City Council for providing clear policy direction and goals that have been used to prepare this Comprehensive Annual Financial Report. I would also like to express my appreciation to all City of Brentwood staff members who have taken the time to participate in the development of this report. A great deal of effort and attention to detail has gone into the preparation of this document. These dedicated members assisted and contributed to its preparation. Special recognition is given to the Finance Departments, and specifically to Denise Davies, Brenda Cappello and Gail Leech. Their efforts made it possible to improve the quality of the information being reported to the citizens, the City Council and other users on a much more timely basis. Appreciation is also expressed to the Mayor, the City Council and the City Manager for their interest and support in planning and conducting the financial activities of the City in a responsible and responsive manner.