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The original item was published from 3/15/2023 3:16:31 PM to 8/1/2023 8:18:23 AM.

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Posted on: March 14, 2023

[ARCHIVED] CWD Receives Awards For Excellence In Financial Reporting & Budget Presentation

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Excellence in Financial Reporting 

Carmichael Water District’s (CWD) Annual Comprehensive Financial Report (ACFR) for the fiscal year ending June 30, 2021 has received the prestigious Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA).  

In order to be awarded a Certificate of Achievement, CWD’s ACFR had to meet the high standards in government accounting and financial reporting, 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 report. 

This latest recognition is in addition to previous awards received by CWD for excellence in public finance.

View CWD’s Financial Reports.

Budget Presentation Award

On December 6, 2022, CWD received GFOA's Distinguished Budget Presentation Award for its budget.

The award represents a significant achievement by CWD and reflects the commitment of the Board of Directors and staff to meeting the highest principles of governmental budgeting.  In order to receive the budget award, CWD had to satisfy nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well an entity's budget serves as:

  • A policy document
  • A financial plan
  • An operations guide
  • A communications device

According to the GFOA, “award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.”

View CWD’s Budget Documents.

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