OMWD honored for financial reporting

Olivenhain Municipal Water District finance manager Rainy Selamat presented the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada to the OMWD Board of Directors at its Aug. 17 meeting.

It marked the 20th consecutive year that the OMWD has been honored for its comprehensive annual financial report.

The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, as the award 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,” Christy Guerin, secretary of OMWD’s Board of Directors, said in a news release. “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 20 years by a respected authority in public accounting.”

The annual financial report is developed to provide citizens and investors with financial information about the district. OMWD’s Certificate of Achievement was judged by a panel of independent experts who determined the document demonstrated a “spirit of full disclosure” to communicate the financial story and motivate outside individuals to read it.

OMWD’s comprehensive annual financial report is accessible at www.olivenhain.com/cafr.

— Submitted press release