SCV Water Wins Two Prestigious Awards for Inaugural FY 2018/19 Budget by Kathie Martin Mar 25, 2019 Member Submitted News SCV Water’s FY 2018/19 Budget has been recognized, locally by the California Society of Municipal Finance Officers (CSMFO), and nationally by the Government Finance Officers Association (GFOA), for meeting the highest principles of governmental budgeting. “The budget provides us with the opportunity to be open, honest and accountable to our customers,” said Rochelle Patterson, Director of Finance and Administration for SCV Water. As a regional water provider, SCV Water strives to be economically responsible by reducing the cost of water management, streamlining resources and increasing efficiencies to better serve customers in the Santa Clarita Valley. “Our goal is to deliver a budget that provides clear information to the public we serve,” stated Matt Stone, SCV Water general manager. “My congratulations to our staff in attaining this award for its inaugural budget.” SCV Water’s budget met extensive criteria set by each issuing organization. Receiving the awards reflects the commitment of the governing body and staff to sound financial management and exemplifies excellence in governmental budgeting. The FY 2018/19 budget is SCV Water’s first consolidated budget and already reflects progress towards the goals that were defined in SB 634, the legislation that created SCV Water in January 2018. The budget also captures the reorganization and savings that have taken place since the former Castaic Lake Water Agency, Newhall County Water District, Valencia Water Company and Santa Clarita Water Division merged into one regional entity. The Santa Clarita Valley Water Agency (SCV Water) is a full-service regional water agency located in the Santa Clarita Valley. SCV Water provides water service to approximately 72,000 business and residential customers. It was formed on January 1, 2018 when local water suppliers combined into one integrated, regional water provider. More information can be found at www.YourSCVwater.com.