Water Replenishment District Achieves 21st Consecutive Award for Financial Reporting Excellence

WRD Celebrates 21 Years of Financial Excellence

The Water Replenishment District of Southern California (WRD) has proudly received the Certificate of Achievement for Excellence in Financial Reporting for the 21st consecutive year. This prestigious recognition is awarded by the Government Finance Officers Association (GFOA) for the district's Annual Comprehensive Financial Report (ACFR) for the previous fiscal year.

This accomplishment underscores WRD's ongoing commitment to financial transparency, accountability, and superb reporting practices. Established in 1945, the GFOA’s Certificate of Achievement is considered the highest form of recognition in governmental accounting and financial reporting. It encourages state and local governments to exceed the minimum requirements of Generally Accepted Accounting Principles (GAAP) and promotes transparency and complete disclosure through high-quality financial reports.

Robert Katherman, Director of Division 2 at WRD and Chair of the Finance and Audit Committee, expressed pride in the district’s long-standing dedication to financial excellence. He stated, "I'm proud of WRD's long commitment to financial excellence and transparency, as evident by more than two decades of this recognition from GFOA. Responsible budget management and high-quality groundwater management are at the core of our mission. We intend to uphold these standards for many years to come while continuing to protect our region's vital water resources."

This recognition not only highlights WRD's financial practices but also the integrity and dedication of its accounting team. The careful management of resources ensures the district's capability to support two of California's most utilized urban basins, serving over 10% of the state's population spread across 43 cities in the south Los Angeles County area.

The Water Replenishment District operates under an elected board that includes members such as Joy Langford, Rob Katherman, John D. S. Allen, Sergio Calderón, and Vera Robles-DeWitt. This governance structure ensures community representation and involvement in water resource management efforts.

As water scarcity becomes an increasingly pressing issue, the importance of transparent and accountable financial management becomes even more critical. Through their exemplary financial practices, WRD is setting a benchmark for other agencies in the region and advocating for responsible environmental management.

For those interested in reviewing the District's current and past Annual Comprehensive Financial Reports, they can access this information through the WRD's official website. These reports serve as an essential tool for understanding the District's financial health and operational efficiencies.

In conclusion, WRD's continued achievement of the GFOA Certificate of Achievement for Excellence in Financial Reporting for more than two decades not only demonstrates their unwavering commitment to financial excellence but also strengthens the trust between the district and the community it serves. As WRD looks ahead, they remain focused on maintaining and enhancing the quality of water resources while ensuring fiscal responsibility, setting a standard in the industry for others to follow.