SD1 Recognized for Financial Reporting for 7th Consecutive Year
Sanitation District 1 received the certificate in achievement for excellence in financial reporting from the Government Finance Officers Association (GFOA) for the seventh consecutive year.
“The GFOA award recognizes SD1's continued commitment to providing safe and reliable wastewater and storm water services in a financially responsible and transparent way," said SD1 Executive Director Adam Chaney. "We are proud to receive this remarkable achievement seven consecutive years."
The award is the GFOA’s highest recognition in the area of governmental accounting and financial reporting. It recognizes SD1’s 2019 comprehensive annual financial report, which details the utility’s finances following guidelines from the Government Accounting Standards Board and Generally Accepted Accounting Principles.
It includes an independent auditor’s review of SD1’s financial statements, which were deemed to be clean and fairly presented.
SD1’s CAFR was judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
SD1’s Fiscal Year 2019 CAFR is available for the public to view at www.sd1.org.