The CLWA is once again being recognized for its excellence in financial reporting and governmental accounting.

The Castaic Lake Water Agency received a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) of the United States and Canada for its FY 2015-16 Comprehensive Annual Financial Report (CAFR).

The award 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.

This is the 12th consecutive year the agency has won this award.

Carlos Corrales, controller for the Castaic Lake Water Agency, received the Award of Financial Reporting Achievement as the individual primarily responsible for preparing the award-winning CAFR.

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 19,000 government finance professionals with offices in Chicago, IL, and Washington, D.C.

About the Castaic Lake Water Agency:

The Castaic Lake Water Agency (CLWA) is the Santa Clarita Valley’s public water wholesaler.

CLWA is one of 29 State Water Project contractors and receives water imported from northern California and Kern County through the California Aqueduct.

CLWA operates three large treatment plants, three major pump stations, three water storage facilities and over 45 miles of large diameter transmission pipelines delivering water to four local water retailers.

CLWA operates the Santa Clarita Water Division which provides retail water service to 30,000 service connections. Our mission is to provide reliable, quality water at a reasonable cost to the Santa Clarita Valley.

Ed. Note: This article is a press release from the Castaic Lake Water Agency.