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CVWD News

Posted on: October 30, 2019

CVWD honored for award-winning financial report

2018 CAFR

Coachella Valley Water District's (CVWD) Comprehensive Annual Financial Report for the fiscal year ending June 30, 2018 has received a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA).

CVWD has received GFOA awards for the past six years beginning fiscal year ending June 30, 2012.

To receive this award, CVWD had to go beyond the minimum requirements of generally accepted accounting principles to prepare a Comprehensive Annual Financial Report that showed a spirit of transparency and full disclosure.

The report is available for review at CVWD's website, www.cvwd.org/FinanceInfo. Printed copies are also available for review at the district's Steve Robbins Administration Building in Palm Desert.

The GFOA uses an independent panel to examine the financial documents of award candidates. Members include those who prepare financial statements, independent auditors, academics and other finance professionals

The GFOA is a nonprofit professional association with more than 20,000 government finance professionals as members throughout North America, 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 110,000 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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