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20. Opinion on Financial Report and Certificate of Achievement (Continued) <br />A "Certificate of Achievement" is awarded by the Government Finance Officers <br />Association to cities which exhibit excellence in financial reporting. This <br />is the highest form of recognition in the area of governmental financial <br />reporting, and its attainment represents a significant accomplishment by a <br />government and its management. <br />21. Number of Employees (Governmental Funds) <br />Source: Data provided by individual cities. Full -time generally includes <br />full -time only. Part -time includes part -time and part -time seasonal <br />workers. <br />22. Compensation and Employer -Paid Fringe Benefits (Governmental Funds) <br />Source: Reported by city personnel. Compensation covers governmental fund <br />employees. Also reported are fringe benefits including sick leave, vacation <br />leave; severance pay; employer contributions for retirement; employer <br />payments for health, life and disability insurance; benefits and insurance <br />premiums for unemployment compensation and workers compensation; the value <br />of past retirement benefits and any other benefits. <br />Some cities have estimated fringe benefits, while some provide actual <br />dollar amounts. <br />23. Enterprises - Profit or Loss <br />Includes operating revenues, expenses, operating income and net income for <br />enterprises such as water, sewer, and electric. <br />3 4 <br />