The Macon Water Authority

790 Second Street • Macon, GA 31202-0108 • (478) 464-5600

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MWA offers user-friendly financial report

Mar 31, 2014 by Chris Wood, Ph.D.

Authority Board Adopts Clean Audit Opinion and Financial Report

During the February Finance Committee Meeting of the Macon Water Authority (MWA), independent auditors presented a clean audit opinion for the utility as a result of their thorough, annual review of the organization’s financial statements. As a result, the MWA Board approved the annual audit and Comprehensive Annual Financial Report (CAFR) at its March Meeting.

The clean audit opinion provided by the Certified Public Accounting firm of Mauldin & Jenkins concludes that the financial statements of the MWA present fairly, in all material respects, the financial position of the Authority for the fiscal year ending September 30, 2013. Thus, the financial statements conformed to generally accepted U.S. accounting principles.

In lay terms, a clean audit opinion reflects that the auditors obtained reasonable assurance that the financial statements of the Authority are free of material misstatement.

Following the adoption of the audit and CAFR by the MWA Board, the Authority’s finance department published a Popular Annual Financial Report (PAFR) to provide an easier to read, user friendly version of the CAFR for the benefit of customers and stakeholders.
The PAFR provides a more condensed overview of the finances of the Authority from the previous fiscal year, highlighting the most critical information and data found in the CAFR for the benefit of MWA customers and stakeholders.

While presenting a summary of the annual financial activities of the MWA, the PAFR also provides a brief analysis of the sources of MWA revenues, with an outline of expenses and how those dollars were spent. The PAFR also includes historical financial information of the Authority from the past several years, which indicate financial stability and fiscally conservative management practices on the part of the MWA that continue today.

In addition, the 2013 PAFR looks back at the “Year in Review” at the MWA, noting the Authority’s investment in the community, in its infrastructure through capital projects, and in economic development through marketing communications.

In short, the annual PAFR provides a complete overview of the MWA, including not just a financial summary, but the Authority’s history, governance, operations, facilities, people, awards, and more.

The MWA finance department received further evidence last year that its financial statements and accounting principles are in order. For the 17th consecutive year, the MWA won the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association.

The Authority’s 2013 CAFR and PAFR are available online, while the easy-to-read, user-friendly PAFR, which has been published to benefit customers, accessible at the link below.

Media contact:
Chris Wood, Ph.D.
770-757-1681 (phone) (email)

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