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UNI recognized for excellence in financial reporting for 11th consecutive year

September 25, 2003

Gary Shontz, UNI Controller/Secretary/Treasurer, (319) 273-3576
Vicki Grimes, University Marketing & Public Relations, (319) 273-2761

CEDAR FALLS, Iowa -- For the 11th consecutive year, the University of Northern Iowa Controller's Office has been awarded a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) of the United States and Canada for the quality of its comprehensive annual financial report (CAFR) for the year ended June 30, 2002.

The award is the highest form of recognition in the area of governmental accounting and financial reporting, according to Stephen Gauthier of the GFOA. UNI was one of only eight public four-year universities in the nation, and the only one in Iowa, to receive the award.

Gary B. Shontz, UNI controller and university secretary/treasurer, credited the team effort of the accounting section of his office for winning the award. Those people working towards the award, in addition to Shontz, were Bruce Reiks, assistant controller and chief accountant; Denise Bouska, accounting manager/financial reporting; and Tonya Gerbracht, and Vince Heuer, both staff accountants.

Gauthier said the CAFR was 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 report.

The GFOA is a nonprofit professional association, serving approximately 14,000 government finance professionals, with offices in Chicago and Washington, D.C.