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WLSSD Honored for Financial Reporting Excellence for 32nd Straight Year

News Release

 

For Immediate Release: 9 a.m. Friday, September 30, 2016

Contact: Karen L. Anderson, Director of Community Relations

218.740.4776

 

WLSSD Honored for Financial Reporting Excellence for 32nd Straight Year

 

(Chicago)—The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Western Lake Superior Sanitary District’s Finance Department by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

 

“WLSSD’s Finance Department has been honored with this award for a 32nd straight year, despite some hefty challenges,” said WLSSD executive director, Marianne Bohren. “As financial reporting standards have become increasingly strict in the private sector, public standards have also become quite rigorous. These new requirements have added substantial responsibilities to our staff, making the award just that much more difficult to achieve.

 

“The receipt of this award illustrates the outstanding leadership, dedication and hard work of our Director of Finance, Cathy Remington and our entire Finance Team,” continued Bohren.

 

The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program) in 1945 to encourage and assist state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal. The CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.

 

The GFOA is a non-profit professional association serving approximately 16,000 government finance professionals with offices in Chicago, IL, and Washington, D.C.

 

Western Lake Superior Sanitary District provides award-winning wastewater and solid waste services to residents, businesses and industries within its 500 square mile legislative boundaries in Southern St. Louis and northern Carlton counties, and is a nationally recognized leader in pollution prevention.

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