Solana Beach water district receives national award in financial reporting for eighth year
The Government Finance Officers Association of the United States and Canada (GFOA) presented the Santa Fe Irrigation District the GFOA’s Certificate of Achievement for Excellence in Financial Reporting for the District’s Comprehensive Annual Financial Report (CAFR). This is the eighth year successively that SFID has received this award.
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by the district and its management.
An Award of Financial Reporting Achievement has also been awarded to the District’s Administrative Services Manager, Jeanne L. Deaver, for her responsibility in preparing the award-winning CAFR.
The award program was established in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that motion the spirit of transparency and full disclosure and to recognize individual governments that succeed in achieving that goal.
The CAFR was judged by an impartial panel to meet the high standards of the program, including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and to motivate potential users and user groups to read the CAFR.
The Government Finance Officers Association is a non-profit professional association serving nearly 17,400 government finance professionals throughout North America.
The Santa Fe Irrigation District provides water and related services to residential, commercial and agricultural customers in the communities of Rancho Santa Fe, Solana Beach and Fairbanks Ranch. The district serves about 20,000 customers in a 16-square-mile area. The district supplies over 4.5 billion gallons (or 13,500 acre feet) of water per year to its customers, using a blend of local water from Lake Hodges and imported water purchased through the San Diego County Water Authority. The district operates the jointly owned R.E. Badger Filtration Plant, a 40-million-gallon-per-day water-treatment plant. The district owns rights to local water supplies from Lake Hodges and the San Dieguito Reservoir.