GRDA recognized for “excellence in financial reporting”

Vinita – For the 17th straight year, the Grand River Dam Authority has been recognized for its financial reporting efforts.

In January, the Government Finance Officers Association of the United States and Canada (GFOA) awarded GRDA’s 2016 comprehensive annual financial report (CAFR) with a “Certificate of Achievement for Excellence in Financial Reporting.”

The cover of GRDA’s award-winning 2016 comprehensive annual financial report (CAFR). For the 17th consecutive year, the GRDA CAFR has been recognized for “excellence in financial reporting” by the Government Finance Officers Association of the United States and Canada (GFOA).

According to GFOA, the GRDA CAFR was judged by an impartial panel to meet the highest standards of the GFOA program. Further, GFOA determined the GRDA CAFR demonstrated a “spirit of full disclosure” while clearly communicating the Authority’s financial story.

“Excellence in financial reporting continues to be a priority at GRDA,” said GRDA President/Chief Executive Officer Dan Sullivan. “This recognition, for the 17th straight year, represents a tremendous achievement for us and speaks to our longstanding and ongoing commitment to producing the highest quality CAFR possible to keep the public informed of our financial strength.”

Entitled Grand Resilience, the 2016 GRDA CAFR can be viewed online at grda.com.

Headquartered in Chicago, the GFOA is a major professional association servicing the needs of nearly 19,000 appointed and elected local, state and provincial-level government officials and finance practitioners.

Headquartered in Vinita, GRDA is Oklahoma’s state-owned electric utility, funded by revenues from electric and water sales. GRDA strives to be an “Oklahoma agency of excellence” by focusing on the 5E’s: electricity, economic development, environmental stewardship, employees and efficiency.