PUD 3 Receives Eighteenth Consecutive International Recognition for Financial Reporting
by Mason PUD 3 on
April 13, 2023
For the eighteenth consecutive year, Mason PUD 3 has received international recognition for the quality and completeness of its financial reporting.
The International Government Finance Officers Association (GFOA) of the United States and Canada presented PUD 3 with the Certificate of Excellence in Financial Reporting for its 2021 Comprehensive Annual Financial Report. The PUD is one of only three public utility districts in Washington State to apply for association recognition for its financial reporting.
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, recognizing organizations that go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports. In the news release announcing the award, Michele Mark Levine, GFOA’s director of technical services, said, “the report has been 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 report.”
The theme of the PUD’s 2021 annual report was “Leading the Way.” Annette Creekpaum, PUD 3 manager, noted, “The annual report is a team effort, headed up by the PUD’s Finance Department. The story it tells reflects the excellent work that all our employees do to connect our community with safe, reliable, economical, and sustainable services, 24/7.”
In addition to 18 consecutive GFOA awards, the utility’s operations are inspected annually by the Washington State Auditor’s Office. The PUD has not been subject to a finding in over 40 years.