The former Castaic Lake Water Agency (CLWA) and Newhall County Water District (NCWD), now both part of SCV Water, have been recognized for governmental accounting and financial reporting.
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Both agencies received Certificates of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) of the United States and Canada for their fiscal year 2016-2017 Comprehensive Annual Financial Reports (CAFR).
The award is the highest form of recognition in the area of governmental accounting and financial reporting, according to officials.
Its attainment represents a significant accomplishment by a local public agency and its management, officials said.
This is the 13th consecutive year CLWA has won this award and the eighth consecutive year NCWD has won this award.
The CAFR is judged by an impartial panel to meet the 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.
“SCV Water will continue the legacy of financial transparency, and will apply for the award as a new entity later this year,” explained Rochelle Patterson, director of administrative services.
“Both former entities also received the Distinguished Budget Presentation Award from GFOA for the fiscal year 2017-2018, and we just submitted our fiscal year 2018-2019 budget for that consideration this week,” said Patterson.
The GFOA is a nonprofit professional association serving approximately 17,600 government finance professionals, with offices in Chicago, Illinois, and Washington, D.C.
SCV Water’s fiscal year 2018-2019 budget is available online here.
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