The Merced Irrigation District has received formal praise from the Government Finance Officers Association for financial transparency, the agency said in a statement released Wednesday.
MID has received a Certificate of Achievement for Excellence in Financial Reporting from the association.
“The certificate represents the highest form of recognition in the area of government accounting and finance,” MID officials said in a news release.
“We are exceptionally pleased with this recognition,” said Brian Stubbert, MID Chief Financial Officer. “Not only does this acknowledge the hard work of MID’s finance staff, it means that the public we serve is receiving the top-notch financial accounting they deserve.”
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The CAFR, established in the 1940s, encourages government entities “to go beyond minimally accepted accounting principles and prepare comprehensive annual financial reports in the spirit of transparency and disclosure,” officials said.
“MID’s water and energy operations are often the most visible aspects of our operations. However, ensuring the District’s financial health is just as important as protecting our water rights or delivering electricity to our community,” said John Sweigard, MID General Manager.