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RPVCCA_CC_CMR_2013_09_17_City_Manager_Report_GFOA_Cert_of_AcheivementGovernment Finance Officers Association 203 N. LaSalle Street -Suite 2700 Chicago, IL 60601 Phone (312) 977-9700 Fax (312) 977-4806 September 5, 2013 Carolyn Lehr City Manager City of Rancho Palos Verdes 30940 Hawthorne Boulevard Rancho Palos Verdes Dear Ms. Lehr: CA 90275-5351 City of Rancho Palos Verdes SEP 9 2013 City Manager's Office We are pleased to notify you that your comprehensive annual financial report for the fiscal year ended June 30, 2012 qualifies for a Cert,ificate of Achievement for Excellence in Financial Reporting. The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. The Certificate of Achievement plaque will be shipped to: Dennis McLean Director of Finance & Information Technology under separate cover in about eight weeks. We hope that you will arrange for a formal presentation of the Certificate and Award of Financial Reporting Achievement, and that appropriate publicity will be given to this notable achievement. A sample news release is enclosed to assist with this effort. In addition, details of recent recipients of the Certificate of Achievement and other information about Certificate Program results are available in the "Awards Program" area of our website, www.gfoa.org. We hope that your example will encourage other government officials in their efforts to achieve and maintain an appropriate standard of excellence in financial reporting. Sincerely, Government Finance Officers Association Stephen J. Gauthier, Director Technical Services Center SJG/ds City Manager Report - 1 ,, Government Finance Officers Association 203 N. LaSalle Street -Suite 2700 Chicago, IL 60601 Phone (312) 977-9700 Fax (312) 977-4806 09/05/2013 NEWS RELEASE For Information contact: Stephen Gauthier (312) 977-9700 (Chicago)--The Certificate of Achievement for Excellence in Financial Reporting has been awarded to City of Rancho Palos Verdes by the Government Finance Officers Association of the United S~ates and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. An Award of Financial Reporting Achievement has been awarded to the individual(s), department or agency designated by the government as primarily responsible for preparing the award-winning CAFR. This has been presented to: Kathryn Downs, Deputy Director of Finance & Information Technology The CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the CAFR. The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL, and Washington, D.C. City Manager Report - 2