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Awards and Acknowledgements <br />The Government Finance Officers Association of the United States and Canada (GFOA) awards the Certificate <br />of Achievement for excellence in financial reporting to cities that meet certain criteria. A governmental unit <br />must publish an easily readable and efficiently organized comprehensive annual financial report, the contents of <br />which conform to program requirements. The City of Lino Lakes received this award for the year ended <br />December 31, 2002. This marks the eighth consecutive year that the City has received this prestigious award. <br />A Certificate of Achievement is valid for a period of one year only. The City is submitting the 2003 report to <br />GFOA for consideration of the Certificate of Achievement for Excellence in Financial Reporting. We believe <br />our current report continues to conform to the high standards of the Certificate program. <br />The timely preparation of this report could not have been accomplished without the dedicated services of the <br />Finance Department, auditors and other city staff. <br />I also want to express my appreciation to the Mayor and City Council for their support for maintaining the <br />highest standard of professionalism in the management of the financial operation of the City. <br />6 <br />