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The original item was published from 1/14/2015 10:06:40 AM to 1/14/2015 10:07:36 AM.

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Posted on: January 14, 2015

[ARCHIVED] CFPUA RECEIVES FIFTH STRAIGHT ANNUAL FINANCIAL AWARD

CFPUA RECEIVES FIFTH STRAIGHT ANNUAL FINANCIAL AWARD

Government Finance Officers Association honors excellence in governmental budgeting

FOR IMMEDIATE RELEASE

CONTACT: Mike McGill
(910) 332-6704
Mike.McGill@cfpua.org
communications@cfpua.org

Wilmington, NC (January 14, 2015): Cape Fear Public Utility Authority (CFPUA) is pleased to announce that it has received – for the fifth straight year – an honor from the Government Finance Officers Association of the United States and Canada (GFOA). This year’s award is for Distinguished Budget Presentation and is given to a governing body and its staff to “reflect their commitment to meeting the highest principles of governmental budgeting.”

In order to receive the award, the governing body must satisfy nationally recognized guidelines for effective budget presentation. The guidelines are designed to assess how well an entity’s budget serves as: 1) a policy document; 2) a financial plan; 3) an operations guide; and 4) a communications device. Budgets must be rated “proficient” in ALL four categories to receive the award.

“We pride ourselves on our transparency. This highlights our commitment to producing information that clearly shows our customers how we manage the assets entrusted to us,” said Jim Flechtner, CFPUA’s Executive Director. “Our strong bond ratings and financial position are testaments to the fine work being done by our Finance team.”

“To receive a financial award for a fifth straight year is a significant achievement,” said Mike Brown, chair of CFPUA’s Finance Committee. “Our staff has been repeatedly honored for its meticulous preparation of our financial documents. As a result of their work, the Board is given clear and complete guidance that helps us make decisions that benefit our customers.”

For more information, please contact Mike McGill, Chief Communications Officer, at (910) 332-6704 or mike.mcgill@cfpua.org.
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Cape Fear Public Utility Authority (CFPUA) was formed by the City of Wilmington and New Hanover County to combine their water and sewer operations. It began operations on July 1, 2008. Today, the Authority serves more than 67,000 water customer accounts and more than 65,000 wastewater customer accounts. It oversees more than one thousand miles of water distribution mains and nearly one thousand miles of sewer mains. For more information, visit www.cfpua.org or contact CFPUA’s Communications staff at communications@cfpua.org.

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