The Columbia Power and Water Systems board of directors announced that CPWS has once again been awarded the Government Finance Officers Association of the United States and Canada’s Certificate of Achievement for Excellence in Financial Reporting.
This marks 18 straight years that the Columbia, Tenn.-based public power utility has earned this achievement.
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 utility noted.
“Ashley Maddux, our chief financial officer, continues to demonstrate unwavering dedication, meticulous attention to detail and a commitment to transparency that has set an exemplary standard in financial reporting,” said Jonathan Hardin, President and CEO at CPWS. “The CPWS board of directors and I want to thank Ashley and each member of the Accounting department for their hard work, expertise and relentless pursuit of excellence. CPWS takes our commitment to ratepayers very seriously, and we are committed to upholding the highest standards of financial stewardship.”
The report has been 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 report, CPWS noted.
The most recent recognition was for its annual comprehensive financial report for the fiscal year ended June 30, 2022.