LAGUNA HILLS, Calif. (July 19, 2021) – Moulton Niguel Water District is being honored by the Government Finance Officers Association for excellence in financial reporting and fiscal transparency for the 12th consecutive year.
“We are committed to the highest standards for financial excellence and government transparency,” said Brian S. Probolsky, President of the Moulton Niguel Board of Directors. “As a public utility, we have a proven track record of adopting balanced budgets, maintaining low rates and delivering reliable utility service to Orange County.”
Earlier this year, an impartial panel of experts from the Government Finance Officers Association of the United States and Canada conducted a rigorous review of the District’s comprehensive financial report for the 2019-20 Fiscal Year.
Moulton Niguel received top marks across the board.
“The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management,” the Government Finance Officers Association states.
Moulton Niguel has received the prestigious Certificate of Achievement for Excellence in Financial Reporting for 12 years in a row. The award recognizes government agencies that meet independent standards for financial transparency and fiscal accountability.
“Moulton Niguel is committed to transparency and accountability,” said Duane D. Cave, Vice President of the Moulton Niguel Board of Directors. “Our customers can take comfort in knowing that Moulton Niguel’s promise is backed up by an independent review from the country’s leading experts in government finance.”
In recent years, Moulton Niguel has received numerous honors for its financial acumen.
Credit ratings agencies Fitch and S&P Global, have each independently affirmed Moulton Niguel’s AAA credit rating, the highest possible rating.
“Our Finance & Accounting staff is exemplary and has done a tremendous job of carrying out the Board’s vision for maintaining impeccable financial reporting. I commend them for their hard work and commitment to transparency,” said Joone Lopez, General Manager of Moulton Niguel.
Since 1906, the Government Finance Officers Association has assisted public finance officials throughout the United States and Canada in adopting the best practices for public finances. The association represents more than 20,000 government officials at the federal, state and local level.
Moulton Niguel Water District delivers high-quality drinking water, recycled water and wastewater services to customers in Laguna Niguel, Aliso Viejo, Mission Viejo, Laguna Hills, Dana Point, and San Juan Capistrano. A leader in water conservation and environmental protection, Moulton Niguel maintains the lowest average water bill in South Orange County.