Zone 7 earns seventh consecutive financial reporting award

Government Finance Officers Association recognizes agency’s 2022 Annual Report

News Release

LIVERMORE, Calif. (August 8, 2023) – Zone 7 Water Agency has once again received a Certificate of Achievement for Excellence in Financial Reporting for its 2021-2022 Annual Comprehensive Financial Report (ACFR) from the Government Finance Officers Association (GFOA) of the United States and Canada. This marks the seventh year Zone 7 has received this prestigious recognition.

“The preparation of this Annual Report represents the culmination of a concerted team effort by the entire staff of the Finance and Accounting departments, Office of the General Manager, and other departmental staff, who have demonstrated their professionalism, dedication, efficiency, and transparency in the preparation of this report,” said Zone 7 Treasurer and Assistant General Manager of Finance Osborn Solitei. “We are honored to be recognized for our commitment to responsible fiscal management, transparency and public accountability.”

The ACFR is part of Zone 7’s Strategic Plan Initiative No. 24 – Continue to effectively manage financial resources for the Agency by conducting annual audits which demonstrates good stewardship of public funds.

In order to receive the award, the Agency had to satisfy nationally recognized guidelines for presentation of the Agency’s financial statement, judged by an impartial panel to meet the high standards of the program. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.