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SCV Water Agencies Recognized For Excellence In Accounting, Financial Reporting

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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Ed. Note: This information was provided to KHTS by SCV Water

Report a typo or error, email Corrections@hometownstation.com

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SCV Water Agencies Recognized For Excellence In Accounting, Financial Reporting

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About Brianne Ingram

Brianne was born in Long Beach, CA and raised in Carson, CA. She received her B.A. in Communication Studies with Cum Laude from California State University, Northridge and earned her M.A. degree in Communication Studies with an emphasis in Performance Studies at CSUN. She was a Teaching Associate where she taught public speaking and served as the President of Performance Ensemble. Brianne grew up loving sports as a child and played basketball throughout her life all while being an avid Laker fan. Her passions include writing about sports, debating about sports, eating while watching sports and reporting breaking news. Although entertaining, Brianne believes that sports play a vital role within a democratic society in order to bridge people together to build community.