OMWD Receives 20th Consecutive Financial Reporting Award

Encinitas, CA — For the 20th consecutive year, the Olivenhain Municipal Water District is celebrating its receipt of the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada.

Finance Manager Rainy Selamat presented the certificate, which recognizes OMWD’s comprehensive annual financial report for the fiscal year ending June 30, 2015, to OMWD's Board of Directors during a meeting Wednesday.

The achievement — the highest form of recognition in the area of governmental accounting and financial reporting — recognizes OMWD’s commitment to ensure that financial plans, policies and practices are efficient and organized to carry out long-term plans.

"We are honored that OMWD’s financial transparency efforts have once again been acknowledged," said Christy Guerin, secretary of OMWD’s Board of Directors. "Our ratepayers entrust us with the efficient management of public funds, and it is gratifying that reporting our achievements in doing so has been recognized for the last twenty years by a respected authority in public accounting."

The comprehensive annual financial report is developed in order to provide citizens, investors and other interested parties with reliable financial information about the district — which encompasses parts of Encinitas and Carlsbad, including Olivenhain, Cardiff and La Costa, as well as the communities of Fairbanks Ranch, Rancho Cielo, Elfin Forest and 4S Ranch.

OMWD’s CAFR was judged by a panel of independent experts who determined that the document demonstrated a clear "spirit of full disclosure" to visibly communicate the financial story and motivate outside individuals to read the CAFR.

OMWD’s comprehensive annual financial report is accessible to the public online at Olivenhain.com/cafr.

GFOA is the professional association of state/provincial and local finance officers in the United States and Canada, and has served the public finance profession since 1906. GFOA members are dedicated to the sound management of government financial resources.