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Helix Water District Recognized for Excellence in Financial Reporting

The Government Finance Officers Association (GFOA) recently announced that Helix Water District is the recipient of a distinguished budget presentation award for its fiscal year 2022-23 budget document.

“This award shows the commitment by the district’s board of directors and staff to serving the public with integrity, fiscal accountability, and transparency,” said Kathleen Hedberg, Helix Water District’s board president. “Our budget is well organized and easy to read. We want customers to easily see what we are doing, how we are efficient and how we keep our operating costs steady.”

Water District Appoints Ad Hoc Committee to Look at Accounting and Financial Systems

With an eye on improving the Ramona Municipal Water District’s accounting and financial reports, the district’s board of directors unanimously agreed Jan. 12 to appoint a two-person Ad Hoc Financial Reporting Committee, though the committee’s goals and objectives are being debated. The committee is tasked with reviewing and recommending potential changes to the district’s accounting practices and the contents and format of its financial reports, district officials said. The intent is to report the findings and make recommendations if appropriate to the board on Feb. 9.

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OMWD’s Financial Reporting is Spotless According to Recent Audit

Encinitas, Calif. — At its December 9 meeting, Olivenhain Municipal Water District’s Board of Directors were presented the 2019 – 2020 Comprehensive Annual Financial Report, which received a clean bill of health from the independent audit of OMWD financial statements for the previous fiscal year.

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Olivenhain Municipal Water District Receives Highest Achievement for Financial Reporting

Encinitas, Calif. — Olivenhain Municipal Water District’s Board of Directors accepted at its November 18 meeting the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada. This marks the twenty-fifth consecutive year OMWD has received the award.

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Vista Irrigation District Receives National Award for Financial Reporting

Vista, Calif. — Vista Irrigation District has been presented with the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada for its comprehensive annual financial report for fiscal year ending June 30, 2019. This certificate is the only national award for public sector financial reporting.

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Fitch Reaffirms OMWD’s “AAA” Bond Rating

Encinitas, Calif. — At Olivenhain Municipal Water District’s June 17 board meeting, OMWD staff notified its Board of Directors that Fitch Ratings, a global rating agency that offers independent credit opinions, has reaffirmed the district’s “AAA” bond rating with a stable outlook. AAA is the highest possible rating assigned by Fitch, and OMWD is one of only a handful of Southern California water agencies that have achieved this rating.

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OMWD Honored for Transparent Financial Reporting 

Receives Award from the Government Finance Officers Association for Twenty-Fourth Consecutive Year

Encinitas, Calif.— Olivenhain Municipal Water District’s Board of Directors accepted at its October 16 meeting the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada. This is the twenty-fourth consecutive year OMWD has received the award, which recognizes OMWD’s Comprehensive Annual Financial Report for the fiscal year ending June 30, 2018.