Dana Point, Calif. (November 19, 2020) – Government Finance Officers Association of the United States and Canada (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to South Orange County Wastewater Authority (SOCWA) for its comprehensive annual financial report (CAFR) for the fiscal year ended June 30, 2019.
The CAFR has been judged by an impartial panel to meet the high standards of the program, which includes 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 Certificate of Achievement 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.
“It’s an honor to have SOCWA’s financial reporting recognized among the most transparent in local government,” said Betty Burnett, SOCWA’s general manager. “As a 10-member Joint Powers Authority, our budget and financial reporting is complex. Our staff does a remarkable job each year ensuring it is managed with precision. This award is a testament to their hard work, abilities and service.”
Earning this award is an especially high honor for SOCWA, as its nearly $60 million budget intricately tracks contributions from its member agencies, funding necessary capital improvement projects, environmental protection projects and cost-saving maintenance measures.
“The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting,” wrote Michelle Mark Levine, Director of Technical Services for GFOA. “Congratulations, again, for having satisfied the high standards of the program.”
GFOA is a nonprofit professional association serving nearly 17,800 government finance professionals throughout North America.