Mason PUD 3 has received its twelfth consecutive international recognition for the quality and completeness of its financial reporting.
PUD 3 was awarded the Certificate of Excellence in Financial Reporting for its 2015 Comprehensive Annual Financial Report by the International Government Finance Officers Association (GFOA) of the United States and Canada. The PUD is one of only three public utility districts in Washington State to apply for such recognition for its financial reporting.
“One of Mason PUD 3’s core values is to be solutions oriented, whether it is in managing the PUD’s finances or maintaining a safe and reliable supply of electricity for our customers,” said Annette Creekpaum, PUD 3 manager. “Our employees are empowered to be innovative, creative, and forward thinking when finding solutions that ‘future proof’ our organization.”
The theme of the PUD’s annual report was “future focused.” The energy industry is increasingly complex and continuously changing. PUD 3 employees are constantly looking ahead for needs, challenges, and opportunities.
The GFOA says “the Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. Its attainment represents a significant accomplishment by a governmental entity and its management.” The program recognizes organizations that go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports. The program specifically celebrates those participants that evidence the spirit of transparency and full disclosure.
In addition to the 12 consecutive GFOA awards for financial reporting, the utility’s operations are inspected annually by the Washington State Auditor’s Office, and have not been subject to a finding in over 36 years. The PUD has a Diamond Level designation as one of the nation’s Reliable Public Power Providers, the highest designation from the American Public Power Association.
Mason PUD 3 includes about 600 square miles of service territory, with nearly 33,000 electricity customers. PUD 3 also operates a wholesale fiber optic telecommunications network, which supports the operation of its electric distribution services.
The GFOA is an international nonprofit professional association serving approximately 17,500 government financial professionals.