Coachella Valley Water District's (CVWD) Comprehensive Annual Financial Report for the fiscal year ending June 30, 2019 has received a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA).
CVWD has received GFOA awards for the past seven years beginning fiscal year ending June 30, 2012.
To receive this award, CVWD had to go beyond the minimum requirements of generally accepted accounting principles to prepare a Comprehensive Annual Financial Report that showed “spirit of full disclosure” to clearly communicate its financial story.
The report is available for review at CVWD's website, www.cvwd.org/FinanceInfo.
The GFOA uses an independent panel to examine the financial documents of award candidates. Members include those who prepare financial statements, independent auditors, academics and other finance professionals