Santa Clarita Water, a Division of CLWA, Receives the GFOA Distinguished Budget Presentation Award and the CSMFO Operating Budget Excellence Award for its FY 2016/17 Budget

Press Release

NEWS RELEASE
DATE:  FEBRUARY 22, 2017
FOR IMMEDIATE RELEASE 

CONTACTS:
Matthew G. Stone, General Manager                                       661/297-1600 ext. 239
Keith Abercrombie, Retail Manager                                          661/259-2737                                   

SANTA CLARITA WATER, A DIVISION OF
CASTAIC LAKE WATER AGENCY, RECEIVES THE
GFOA DISTINGUISHED BUDGET PRESENTATION AWARD AND THE
CSMFO OPERATING BUDGET EXCELLENCE AWARD
FOR ITS FY 2016/17 BUDGET

Santa Clarita Water (SCWD), a division of Castaic Lake Water Agency (CLWA), received the Distinguished Budget Presentation Award presented by the Government Finance Officers Association (GFOA) of the United States and Canada and the California Society of Municipal Finance Officers (CSMFO) Operating Budget Excellence Award for its FY 2016/17 Budget. “Accountability to the public, our ratepayers, starts with a clear annual budget document and related financial reporting.  I commend our budget team for their excellent efforts with the FY 2016/17 budget”, said Matt Stone, CLWA General Manager.

To receive the GFOA Distinguished Budget Presentation Award, the budget document must be rated “proficient” in all four categories that demonstrate how well the budget serves as a (1) policy document, (2) financial plan, (3) operations guide and (4) communications device.  The award reflects the commitment of the governing body and staff to meet the highest principles of governmental budgeting.  This is the sixth consecutive year in which SCWD has received this award.

Elizabeth Ooms-Graziano, Retail Administrative Officer for Santa Clarita Water Division, received a Certificate of Recognition for Budget Presentation for being primarily responsible for preparing the award-winning budget.

The FY 2016/17 Budget has been judged by an impartial panel to meet the high standards of the program.  Award recipients have pioneered efforts to improve the quality of budgeting and provide an excellent example for other governments throughout North America.  The GFOA’s Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.

The GFOA is a major professional association servicing the needs of more than 19,000 appointed and elected local, state, and provincial-level government officials and other finance practitioners.  It provides top quality publications, training programs, services, and products designed to enhance the skills and performance of those responsible for government finance policy and management.  The association is headquartered in Chicago, Illinois and has an office in Washington, D.C.

The CSMFO Budget Awards Program is designed to recognize those agencies that have prepared a budget document that meets standards that include (1) a minimum score of 50 points (out of 80) in the Excellence in Budgeting section and (2) a score of 20 out of 20 for the Meritorious Budget section.  SCWD’s FY 2016/17 Budget has been judged by impartial review to meet the high standards of the CSMFO program.  This is the sixth consecutive year in which SCWD has received this award.

CSMFO is California’s premier statewide association for finance professionals, with Chapters located throughout the State.  CSMFO seeks to improve the knowledge, skills, and performance of individuals responsible for municipal and other local government fiscal policy and management.

SCWD’s Budget and other financial documents can be found right on our webpage at: http://scwater.org/finance

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About SCWD:

SCWD is one of four retailers in the Santa Clarita Valley operating a service area that consists of approximately 340 miles of pipelines, which includes a portion of the City of Santa Clarita and unincorporated portions of Los Angeles County in the communities of Saugus, Canyon Country and Newhall.  SCWD supplies potable water, which consists of imported water purchased from CLWA and groundwater extracted from two local groundwater basins.  SCWD currently provides water service to approximately 30,900 service connections in a service area of approximately 55 square miles with a population of approximately 122,998.  SCWD’s mission is to provide reliable, quality water at a reasonable cost to our customers.  www.scwater.org