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Memo- Public Presentation of GFOA Disting Budget AwardCITY OF HOPKINS MEMORANDUM Date: February 16, 2007 To: Mayor & City Council From: Christine Harkess, Finance Director FII~TAl'~1~~ I~EP~RTI~I~lT Subject: Pubic Presentation of the GFOA Distinguished Budget Award The City Manager will present the "Distinguished Budget Award" to the Mayor and City Council. The award is made by the Government Finance Officers Association of the United States and Canada (GFOA). The Distinguished Budget Presentation Award recognizes the City's 2006 Budget Document for conformance with strict program criteria. This award represents a significant achievement by the city. It reflects the commitment of the governing body and staff to meeting the highest principals of governmental budgeting. In order to receive the budget award, the city had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity's budget serves as a policy documents, a financial plan, an operations guide and a communications device. This is the fifth consecutive year the city has received this award.