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Locals awarded for budget

Honored for effective presentation

Posted: February 9, 2009 1:21 a.m.
Updated: February 9, 2009 8:00 a.m.

The Newhall County Water District is hanging a national award on its wall this week for having prepared a budget that stands out against all other budgets across the country as exemplary.

Such awards handed out by the Government Finance Officers Association are rare and honor the best in America.

"This was not an easy honor to achieve. It reflects the commitment of our board and staff to the highest principles of governmental budgeting," said Newhall's General Manager Steve Cole. "We are honored to have been recognized for these efforts, and are confident our commitment to strong financial management will benefit our customers as we face the challenges of tighter water supply and rising costs."

Cole calls the award an important distinction for a water retailer that prides itself on an accurate and transparent budgeting process.

The award is called the Distinguished Budget Presentation Award and it's given out because the district exceeded nationally recognized guidelines for effective budget presentation. The guidelines are designed to assess how well an agency's budget serves as a policy document, a financial plan, an operations guide and a communications device. Budget documents must be highly rated in all four categories to receive the award.

The Government Finance Officers Association is an organization supporting leading financial management practices for governments and their citizens. Its purpose is to enhance and promote the professional management of governments for the public benefit by identifying and developing financial policies and practices, and promoting them through education, training and leadership.

The Newhall County Water District, established in 1953, is one of four water purveyors in the Santa Clarita Valley.

It supplies a population of about 30,000 Santa Clarita Valley residents with more than 9,500 service connections.

Governed by a five-member board of directors, elected at large by residents of the district, its 34-square mile service area includes portions of the City of Santa Clarita and unincorporated Los Angeles County communities, including Newhall, Canyon Country, Valencia and Castaic.


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