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Marina Coast Water District recently received its 17th consecutive Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for FY2024 ACFR.
The GFOA award recognizes the District's commitment to transparency in how we provide quality services, and our successful track record of clearly communicating financial information to the public.
District General Manager Remleh Scherzinger acknowledged the GFOA's recognition and commended staff for their hard work. In short he said "The award isn’t the goal - the real reward is the public’s confidence in the District.”
In additional financial news this year, the District refinanced a bond and saved its customers $2,372,421 in interest payments. The District's bond rating was also upgraded to AA- Positive Outlook, one of the highest ratings available.
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