PUD 3 Receives Another Financial Reporting Award

Mason County PUD No. 3 has received its seventh consecutive award from the Government Finance Officers Association for the quality of its financial reporting. PUD 3 was awarded the Certificate of Excellence in Financial Reporting for its 2010 Comprehensive Annual Financial Report by the Government Finance Officers Association of the United States and Canada. The PUD is one of only three public utility districts in Washington State to apply for such recognition for its financial reporting. According to the GFOA, “the Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. Its attainment represents a significant accomplishment by a governmental entity and its management.” The program recognizes organizations that go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports. The program specifically celebrates those participants that evidence the spirit of transparency and full disclosure. In addition to the seven consecutive GFOA awards for financial reporting, the utility is inspected annually by the Washington State Auditor’s Office, and has not been subject to a finding in over 32 years.