MCWD Earns National Recognition for Delivering Clear, Community- Focused Budget

MARINA — Once again, the Marina Coast Water District has been recognized for outstanding financial stewardship by earning the Distinguished Budget Presentation Award from the Government Finance Officers Association (GFOA).

This recognition follows MCWD’s long-standing record of excellence in financial reporting. The District has also earned GFOA’s Certificate of Achievement for Excellence in Financial Reporting 17 years in a row for its Annual Comprehensive Financial Report (ACFR), further underscoring the organization’s commitment to responsible and transparent financial management.

District General Manager Remleh Scherzinger praised the achievement, stating: “This award affirms our District’s dedication to accountability and transparency in financial planning. Our goal is to provide a clear, comprehensive, and understandable budget that allows the Board, staff, and our community to confidently assess the District’s financial position and operational priorities.”

Scherzinger added, “Earning the Distinguished Budget Presentation Award reflects the outstanding professionalism of our finance team led by Mary Lagasca. They continue to set a high standard for public-sector financial stewardship.”

$2.3 Million Savings. In additional financial news this year, the District refinanced a bond and saved its customers $2,372,421 in interest payments. The District’s bond rating was also upgraded to AA- Positive Outlook, one of the highest ratings available.