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EID Receives Recognition for Transparency and Financial Reporting

Post Date:01/13/2017 10:00 AM

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Contact: Jesse Saich, Public Information Officer, (530) 642-4127, jsaich@eid.org
FOR IMMEDIATE RELEASE

Placerville, Calif. — On December 22, 2016, EID was notified that it had received the District Transparency Certificate of Excellence by the Special District Leadership Foundation (SDLF) in recognition of its “outstanding efforts to promote transparency and good governance.”

This is the second time EID has achieved this recognition. Each certification period covers two years and the current certification lasts through 2018.

In order to receive the award, a special district must demonstrate the completion of essential governance transparency requirements, including conducting ethics training for all board members, properly conducting open and public meetings, and filing financial transactions and compensation reports to the State Controller in a timely manner. EID also fulfilled over fifteen website requirements, including providing readily available information to the public, such as board agendas, past minutes, current district budget information, and the most recent financial audit.

Excellence in Financial Reporting

EID was notified in late November of 2016 that it had been awarded the Certificate of Achievement for Excellence in Financial Reporting for its 2015 Comprehensive Annual Financial Report (CAFR).

This marks 20 years in a row that the district has earned the award. The award is issued by the national Government Finance Officers Association of the United States and Canada (GFOA) after an impartial panel judged that that EID’s CAFR demonstrated a constructive spirit of full disclosure to clearly communicate its financial story.

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.

“EID is committed to transparency and prudent and conservative financial planning and reporting,” said EID General Manager Jim Abercrombie. “These recognitions from independent organizations are a welcome validation of this commitment.”

SDLF is an independent, non-profit organization formed to promote good governance and best practices among California’s special districts through certification, accreditation, and other recognition programs.

GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals.

 

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EID is a public agency dedicated to providing high quality water, wastewater treatment, recycled water, hydropower, and recreation services in an environmentally and fiscally responsible manner.

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