Water Replenishment District Celebrates 21 Years of Financial Excellence Recognition
Water Replenishment District Achieves Certificate of Excellence
The Water Replenishment District (WRD) in Lakewood, California, proudly announces that it has received the prestigious Certificate of Achievement for Excellence in Financial Reporting for the year 2024, awarded by the Government Finance Officers Association (GFOA). This marks the 21st consecutive year of receiving this honor, highlighting WRD's unwavering commitment to transparency and accountability in financial management.
A Commitment to Transparency
The Certificate of Achievement signifies that WRD has not only met but exceeded the minimum requirements set by generally accepted accounting principles. This recognition is aimed at encouraging state and local governments to maintain the highest standards in financial reporting, ultimately fostering public trust and confidence in governmental operations.
The requirements for the award focus on quality and clarity in financial reporting, ensuring that the community is well-informed about how public funds are managed and allocated. WRD's efforts reflect a consistent dedication to delivering comprehensive, clearly presented financial documents that are accessible to the public.
Leadership's Dedication
Robert Katherman, WRD's Division 2 Director and Chair of the Finance Audit Committee, expressed pride in the agency's long-standing dedication to financial excellence. "Over two decades of receiving this recognition from GFOA demonstrates our commitment to responsible budget management and high-quality groundwater stewardship," he stated. Chief among WRD's missions is the task of safeguarding the region's vital water resources, a responsibility that the agency takes very seriously, aiming to maintain these standards for years to come.
Protecting Groundwater Resources
As a regional groundwater management agency, WRD oversees the protection and preservation of both the quantity and quality of groundwater across two of California's most utilized urban basins. With a service area housing over ten percent of California's population—spanning 43 cities in southern Los Angeles County—WRD plays a critical role in ensuring sustainable water management practices. The agency's governance comprises a publicly elected Board of Directors, including prominent figures such as Joy Langford, Rob Katherman, John D. S. Allen, Sergio Calderon, and Vera Robles-DeWitt, who together work toward advancing sustainable practices and policies.
Looking Ahead
The continuous achievement of the GFOA excellence certificate reflects WRD's relentless commitment to sound fiscal practices and transparency in its operations. This dedication not only reinforces public trust but also motivates the agency to persist in its efforts to innovate and improve its financial reporting processes.
To explore WRD's current and previous Annual Comprehensive Financial Reports, interested parties can visit the agency's official website. The availability of these documents emphasizes WRD's philosophy of transparency, allowing the community to engage with and understand the agency's financial health.
Conclusion
In a landscape where accountability and transparency are increasingly demanded from public entities, the Water Replenishment District stands out as a model of excellence, demonstrating what it means to prioritize the public trust through diligent financial practices. As the agency prepares for future challenges in water management, its commitment to excellence in financial reporting remains stronger than ever, reminding us of the essential role that dedicated governance plays in promoting the greater good.
For more information about WRD and its initiatives, please contact Angelina Mancillas at (562) 275-4231 or via email.