(Kansas City, Mo.) – The Government Finance Officers Association recently awarded KC Water the Certificate of Achievement for Excellence in Financial Reporting for its comprehensive annual financial report (CAFR). This is the first time KC Water has received this distinction.
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. Attaining this level of recognition represents a significant accomplishment by a government and its management.
“The Finance and Accounting Division at KC Water strives to be fiscally responsible and financially transparent,” said KC Water Chief Financial Officer Sean Hennessy. “We put a lot of work into the annual financial report to make it comprehensive and easily understood, and this recognition rewards that effort. I’m proud of the work we do and look forward to continuing this level of dedication in the years to come.”
The CAFR was judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
KC Water’s comprehensive annual financial report can be found here.
For more information, please contact Brooke Givens, Media Relations Coordinator, at email@example.com or 816.513.0284.
KC Water maintains and operates water treatment and distribution systems, stormwater management systems, and wastewater collection and treatment systems for residential and business customers in Kansas City and for wholesale customers in the Kansas City area. KC Water is primarily funded by fees charged to customers based on their use or impacts on the three utility systems.