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WLSSD honored for financial reporting for 23rd straight year

The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Western Lake Superior Sanitary District's Finance Department by the Government Finance Officers Association of the United States and Canada (GFOA) for it...

The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Western Lake Superior Sanitary District's Finance Department by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR).

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.

"The Finance Department has been honored with this award for the 23rd straight year, despite some extreme challenges," said Marianne Bohren, WLSSD assistant director and manager of business services. "As financial reporting standards have become increasingly strict in the private sector, public standards have also become quite rigorous. These increased reporting requirements coupled with the retirement of our three most-senior finance staff during 2006 made the award just that much more difficult to achieve.

"The receipt of this award illustrates the excellent leadership, hard work, and dedication shown by our director of finance, Cathy Remington, and the rest of the Finance staff," continued Bohren.

The CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive "spirit of full disclosure" to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.

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The GFOA is a non-profit professional association serving approximately 16,000 government finance professionals with offices in Chicago, Ill., and Washington, D.C.

Western Lake Superior Sanitary District provides award-winning waste water and solid waste services to residents, businesses and industries within its 500-square-mile legislative boundaries in southern St. Louis and northern Carlton counties, and is a nationally recognized leader in pollution prevention.

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