For the twelfth consecutive year, the City's budget received national recognition by earning the Government Finance Officer's Association (GFOA) Distinguished Budget Award, a copy of which appears on the following page. To receive the Distinguished Budget Presentation Award, a city must publish a budget document that serves as a policy document, a financial plan, a communications device, and an operations guide. We believe the FY 06 budget conforms to GFOA program requirements. The City received the Excellence in Operational Budgeting Award from the California Society of Municipal Finance Officers (CSMFO). This is the eighth consecutive operating budget award the City has received from CSMFO. In addition, the City received its ninth Excellence in Capital Budgeting Award from CSMFO. Copies of these awards appear on the following page. It should also be noted that the City’s Comprehensive Annual Financial Report has been an award-winning document for excellence in financial reporting at both the State and national levels for many years.

Budget and Financial Awards