2016 Comprehensive Annual Financial Report

For the Grand River Dam Authority, 2016 was a year in which new responsibilities were added, unforeseen challenges were met, and excellent management led to the highest financial ratings in the organization’s history.

As the year began, GRDA was still remediating issues created by Mother Nature in late 2015. Heavy rains in the Grand River watershed in December resulted in dozens of floodgate operations at both Pensacola and Robert S. Kerr Dams as the lakes reached near-historic levels. Under the direction of the United States Army Corps of Engineers, GRDA spent the waning days of 2015 and the first days of 2016 managing some of the largest floodwater releases since the construction of Pensacola Dam in 1940