CAW’s Finance Department Earns 6th Achievement for Excellence in Financial Reporting

 

Finance Award Group

LITTLE ROCK — Central Arkansas Water (CAW) is a recipient of the 2015 Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) of the United States and Canada.  This is the 6th time CAW has received this award.  The Certificate of Achievement for Excellence in Financial Reporting is the highest recognition in governmental accounting and financial reporting and is a significant achievement by the utility.

To earn the award, the GFOA found that CAW demonstrated a constructive “spirit of full disclosure”, clearly communicated the utility’s financial story, and motivated potential users and user groups to read CAW’s Comprehensive Annual Financial Report.  CAW earned a rating of “proficient” in each mandatory category.  CAW’s financial officers are Jeff Mascagni, C.P.A., Chief Financial Officer, Todd Fisher, C.P.A., Finance Manager, and Deena Coston, C.P.A., Controller.

Central Arkansas Water is the largest public water supplier in the State of Arkansas, serving 1 in 7 Arkansans.  Its retail and wholesale service area encompasses 16 cities and communities and approximately 125,000 residential, commercial, industrial, and wholesale customers.

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