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File #: 24-0170    Version: 1
Type: Report Status: Filed
File created: 2/26/2024 In control: Finance Committee
On agenda: 3/7/2024 Final action: 3/7/2024
Title: Report on the Government Finance Officers Association Distinguished Budget Presentation Award to the District for the 2023 Budget and Certificates of Achievement for Excellence in Financial Reporting to the District, the MWRD Retirement Fund, and to the MWRD Retiree Health Care Trust for the Fiscal Year 2022

TRANSMITTAL LETTER FOR BOARD MEETING OF MARCH 7, 2024  

 

COMMITTEE ON FINANCE

 

Mr. Brian A. Perkovich, Executive Director

 

Title

Report on the Government Finance Officers Association Distinguished Budget Presentation Award to the District for the 2023 Budget and Certificates of Achievement for Excellence in Financial Reporting to the District, the MWRD Retirement Fund, and to the MWRD Retiree Health Care Trust for the Fiscal Year 2022

Body

 

Dear Sir:

 

The Government Finance Officers Association of the United States and Canada (GFOA) recently awarded the District the Distinguished Budget Presentation Award for the 2023 Budget and Certificates of Achievement for Excellence in Financial Reporting to the District, the MWRD Retirement Fund and the MWRD Retiree Health Care Trust for the Fiscal Year 2022 Annual Comprehensive Finance Reports (ACFR).

 

The District has received the Distinguished Budget Presentation Award for 39 consecutive years. This is the highest form of recognition in government budgeting and demonstrates the effectiveness of the budget as a policy document, a financial plan, an operations guide and a communications device. 

 

The District has received the Certificate of Achievement for Excellence in Financial Reporting for 48 consecutive years which puts the District in the top two percent of governments receiving a consecutive award. The MWRD Retirement Fund and the MWRD Retiree Health Care Trust have received the Certificate of Achievement for Excellence in Financial Reporting for 30 and 16 consecutive years, respectively. 

 

These Certificates are the highest form of recognition in the area of accounting and financial reporting by state and local government.  The Certificates provide assurance to the District Board and management, investors, regulators, rating agencies, the general citizenry and others that the District's financial condition and results of operations are fairly presented. The Certificates also demonstrate that the District’s ACFR is both easily readable and efficiently organized for the readers’ benefit.

 

Respectfully submitted, Jacqueline Torres, Clerk/Director of Finance; Wendy Sin, Acting Treasurer; Shellie A. Riedle, Administrative Services Officer; and James Mohler, Executive Director MWRD Retirement Fund