2004 Comprehensive Annual Financial Report


Change is inevitable.  Sometimes it happens on its own, and organizations find themselves reacting to it. In such cases, change is not always for the better.

However, when an organization initiates the change—though that may mean making hard decisions and shaking up the status quo—it controls the change. In such cases, the end results are worth the effort. In 2004, GRDA initiated many changes within its organization. In the form of new management, new departments, new directions and a new focus on old issues, change came often.

Now, as we look back on the year, GRDA believes the changes of 2004 were well worth the effort.