The Government Finance Officers Association (GFOA) has awarded Yorba Linda Water District the Certificate of Achievement for Excellence in Financial Reporting for its Fiscal Year 2012/2013 Comprehensive Annual Financial Report.
“Transparency and accountability are two critical components of efficient government,” said Board President, Bob Kiley. “We are very proud to accept this award from the GFOA for exceeding reporting standards in the preparation and presentation of our financial annual report.”
The Comprehensive Annual Financial Report (CAFR), is prepared after June 30, as a year-end summary. The report includes an overview of District operations, audited financial statements, and statistical and demographic data spanning the last 10 years to show how the environment has changed over that period.
“We adopt a budget each spring, and use it as a planning document for the current fiscal year,” said Finance Manager, Delia Lugo. “The CAFR is a tool to look back at how well we executed the plan. This award highlights the importance of presenting financial information beyond industry standards as part of being fiscally responsible to our ratepayers.”
The Government Finance Officers Association is a professional association serving approximately 17,500 government finance professionals. The GFOA established the Certificate of Achievement for Excellence in Financial Reporting Program (CAFR Program) 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 in the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal. The Certificate of Achievement is the highest form of recognition in the area of government accounting and financial reporting.
This is the fourth consecutive year the District has received this award.
In response to the State Water Resources Control Board issuing mandatory water conservation regulations last month, the Yorba Linda Water District Board of Directors has adopted a resolution entering Stage One of the District’s Conservation Ordinance. This will help reduce demand on current statewide water supplies and extend water reserves if the drought continues for an extended period.
“It is important for everyone in the state to reduce their water use,” said Ric Collett, Vice President of the YLWD Board of Directors, “While we here in Southern California have made substantial infrastructure investments, it is a statewide issue and it’s important that we all do our part to save water.”
Collett, later asked staff to bring back to the Board options for enhancing the current rebates available through Municipal Water District of Orange County. The District currently offers financial incentives to customers to encourage the installation of high efficiency clothes washers and toilets, and turf replacement. “Let’s see if we can up the ante for our customers to encourage more participation in conservation efforts like the turf removal programs,” said Collett.
YLWD has made significant investments reducing reliance on imported water from 50% in 2000 to 30% in 2014, in addition to increasing storage, and investing in water conservation. These investments have not only reduced long-term costs to YLWD’s rate-payers, but have also provided increased water supply reliability for YLWD customers.
The Stage One watering restrictions officially go into place September 2nd. Information on the District's Conservation Ordinance can be found here.
Yorba Linda Water District (YLWD) has announced that Andrew “Marc” Marcantonio has been named its new General Manager, beginning Wednesday, September 3, 2014. Mr. Marcantonio has a distinguished career in executive leadership and utility management with a broad environmental, regulatory, and operational background from both the public and private sector.
“Marc Marcantonio brings years of experience in all aspects of management and is respected nationally, in the water community,” said YLWD President Bob Kiley. “The Board and I look forward to working with him and to the leadership he will provide.”
Mr. Marcantonio comes to YLWD from Mt. View-Edgewood Water Company, in Washington State, where he previously served as General Manager for more than eleven years. In addition, he leaves as President of the Regional Water Cooperative of Pierce County, an association of 25 water and wastewater agencies in the Greater Seattle Area. Mr. Marcantonio retired from the Army as a Lieutenant Colonel, after 23 years of Active Duty including serving 13 years with the California National Guard. He and his wife have two grown children. After retirement from the Army, Mr. Marcantonio worked as a Fisheries Biologist. He is also a professional fisherman and outdoor writer.
From the Letter of Transmittal:
Our success as an organization is vastly enhanced by the practices and policies put in place by the Board of Directors to ensure the strength and stability of the District even as we move forward through uncertain times.
We are fully confident that with these policies and practices, supported by dedicated and talented staff, we will achieve continued success as an organization and thus assure the well-being of the people we serve.
To view a PDF of the Budget Document, click here.
YLWD has partnered with the City of Placentia to replace grass located on center medians with artificial turf. These median islands are located on Yorba Linda Boulevard between McCormack Lane and Linda Vista Street.
In addition to saving water and money, installing artificial turf eliminates the need for harmful pesticides and fertilizers, helps to reduce noxious emissions from lawnmowers, and eliminates green waste disposal.
It looks good too. In fact, you may not even notice the difference.