Beaumont-Cherry Valley Water District (BCVWD) is proud to announce that it has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for the District’s 2020 Annual Comprehensive Financial Report (ACFR).
This marks the fourth consecutive year BCVWD has earned this recognition. The District’s Accounting and Finance staff prepared its fourth Annual Comprehensive Financial Report in early 2021 and submitted it to GFOA for review. In February 2022, BCVWD was notified that the 2020 ACFR had earned the Certificate of Achievement.
Excellence in Financial Reporting
GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program in 1945 to encourage state and local governments to go beyond the minimum requirements of generally accepted accounting principles and prepare comprehensive annual financial reports that demonstrate a commitment to transparency and full disclosure. 03a – Staff Report Acknowledge…
The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and earning the award represents a significant accomplishment for a public agency and its management.
Reports submitted to the program undergo a professional review by GFOA staff and members of its Special Review Committee. The committee includes individuals with expertise in public-sector financial reporting, including financial statement preparers, independent auditors, academics, and other finance professionals. 03a – Staff Report Acknowledge…
Four Consecutive Years of Excellence
Receiving the Certificate of Achievement for a fourth consecutive year reflects BCVWD’s continued commitment to providing its Board of Directors, customers, and community with comprehensive, transparent, and high-quality financial information.
Since preparing its first comprehensive annual financial report, the District has continued to meet GFOA’s standards for excellence in governmental accounting and financial reporting. The continued recognition demonstrates BCVWD’s focus on sound financial management, accountability, and clear communication of the District’s financial position. BCVWD is proud to receive this recognition for the fourth consecutive year and remains committed to maintaining high standards of financial reporting, transparency, and accountability while responsibly managing the resources entrusted to the District.
