CVWD News

Posted on: August 5, 2016

CVWD honored for award-winning financial report

CAFR Cover Photo

Coachella Valley Water District’s Finance Department has been singled out for recognition by the Government Finance Officers Association (GFOA) of the United States and Canada, which has awarded a Certificate of Achievement for Excellence in Financial Reporting to CVWD for its Comprehensive Annual Financial Report (CAFR).

GFOA’s Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, with its attainment a significant accomplishment by CVWD and its management.

The award is for CVWD’s CAFR for the fiscal year ended June 30, 2015. The CAFR can be viewed on CVWD’s website.

CVWD’s CAFR has won the GFOA award several years in a row. An impartial panel judged the book, which had to meet high standards that included a constructive “spirit of full disclosure” to “clearly communicate its financial story and motivate potential users and user groups to read (the report).”

GFOA is a nonprofit professional association with 17,500 government finance professionals among its members, including representatives from CVWD.

The Coachella Valley Water District is a public agency governed by a five-member board of directors. The district provides domestic and irrigation water, agricultural drainage, wastewater treatment and reclamation services, regional storm water protection, groundwater management and water conservation. It serves approximately 108,000 residential and business customers across 1,000 square miles, located primarily in Riverside County, but also in portions of Imperial and San Diego counties.

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