Central Basin Awarded for Achieving Highest Standards in Financial Reporting

For Immediate Release
Date:
09/15/17
Contact:  Priscilla Segura
Phone: (323) 201- 5504

Commerce, CA – The Central Basin Municipal Water District has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) for its 2016 Comprehensive Annual Financial Report (CAFR). This marks the 11th consecutive year that the District has earned this recognition for its commitment to achieving the highest standards in government accounting and financial reporting.

 

“The District’s CAFR is a key tool to keep our stakeholders informed about the District’s financial health and stability,” said Central Basin Board President Robert Apodaca. “Central Basin is committed to transparency and accountability in the management of our finances.”

 

In 1945, the GFOA established the Certification of Achievement for Excellence in Financial Reporting Program as an effort to encourage government agencies to exceed the minimum standards in accounting principles.  The minimum standard could be exceeded by preparing comprehensive annual financial reports that fully disclose agencies’ financial story.

 

The Government Finance Officers Association represents public finance officials throughout the United States and Canada and serves nearly 18,000 financial officials.

 

For more information on the District’s finances please visit: www.centralbasin.org/en/about-us/finance/

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Central Basin is a public agency that wholesales imported water to cities, mutual water companies, investor-owned utilities and private companies in southeast Los Angeles County, serving a population of 1.6 million. In addition, Central Basin provides the region with recycled water for municipal, commercial and industrial uses. Formed in 1952, Central Basin is committed to ensuring a safe and reliable water supply for the region.

PDF icon 2017 GFOA Final.pdf