District Earns Distinguished Financial Award for 17th Year

  • by Marina Coast Water District
  • Jul 29, 2025
  • Member Submitted News

MARINA— Once again, the Marina Coast Water District has been recognized for outstanding financial stewardship—earning the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) for the 17th consecutive year.

In recognition of the award, District General Manager Remleh Scherzinger stated, “We appreciate staff for their hard work in achieving award-winning financial practices. The GFOA award confirms that ratepayer dollars are being managed wisely, responsibly, and in full view of the public. He added that, “our goal in working to earn this award is to help build public confidence in the District.”

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.

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