Water Replenishment District Acquires its 24th Financial Award

LAKEWOOD, Calif., Nov. 20, 2014 /PRNewswire/ -- The Water Replenishment District of Southern California (WRD) has received notification by the Government Finance Officers Association of the United States and Canada (GFOA) that it has been awarded the Distinguished Budget Presentation Award for its fiscal year 2014-15 budget.

This award is the highest recognition in governmental budgeting from the GFOA and represents a significant award for WRD.

In order to receive this prestigious budget award, WRD satisfied nationally recognized guidelines for effective budget presentation. These stringent guidelines are designed to assess how well an organization's budget serves as:

Budget documents must be rated "proficient" in all four categories, and the fourteen mandatory criteria within those categories, to receive the award.

Over the last nine years WRD has received 24 awards from state and national public finance associations for the clarity of its financial documents and transparency of its budgeting process. 

"This award is recognition of WRD's sound and prudent budgetary practices," said Sergio Calderon, WRD Board President.  "It exemplifies the District's efforts in providing the public with greater transparency and clarity in financial documentation."

The Government Finance Officers Association, a nonprofit professional organization serving more than 17,000 government finance professionals throughout North America, states, "Award recipients have pioneered efforts to improve the quality of budgeting and to provide an excellent example for other governments throughout North America."

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SOURCE Water Replenishment District of Southern California

Related Links

http://www.wrd.org