The Government Finance Officers Association of the U.S. and Canada has awarded a certificate of achievement for excellence in financial reporting to Superstition Mountains Community Facilities District No. 1.
The award is for its comprehensive annual financial report for the fiscal year that ended June 30, 2019, according to a release.
The SMCFD Financial Services department is responsible for preparing the award-winning comprehensive annual financial report. It was judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the comprehensive annual financial report, the release states.
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 entity and its management.
This is the 10th consecutive year SMCFD has received this prestigious award.
The facilities district, also known as the sewer district, was formed by the Apache Junction City Council in July 1992, pursuant to Title 48, Chapter 4, Article 6 of the Arizona Revised Statutes as a separate governmental entity from the city and is governed by an independent, voluntary, five-member board of directors.
The district is an independent, public, non-profit utility developed solely for the benefit of its customers and the Apache Junction community to operate and maintain a regional system for the collection, transport, and treatment of sewage from the properties existing within its boundaries.