Greenville Electric Utility System (GEUS) has been honored with the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA).
The recognition is in acknowledgment of the utility's comprehensive financial report for the fiscal year ending September 30, 2022.
A panel of impartial judges assessed the report against high standards, noting its adherence to the program's criteria, including a constructive "spirit of full disclosure" to effectively communicate its financial narrative.
The esteemed Certificate of Achievement is considered the highest recognition in the realm of governmental accounting and financial reporting, signifying a noteworthy accomplishment by the government and its management.
"We're proud to receive the Certificate of Achievement for Excellence in Financial Reporting from GFOA. This recognition highlights our commitment to transparency and high standards in financial reporting, showcasing the dedication of our team.", said GEUS General Manager Alicia Hooks in a statement.
About GFOA
The Government Finance Officers Association (GFOA) advances excellence in government finance by providing best practices, professional development, resources, and practical research for more than 21,000 members and the communities they serve.
About GEUS
In 1891, GEUS became the first municipally owned electric utility in Texas. More than a century later, in 2001, it also became the first municipally owned cable television and high-speed internet operation in the state. GEUS provides these services to over 30,000 consumer-owners in the Greenville, Texas area, which is about 50 miles east of Dallas. One of the unique aspects of GEUS is that it is governed by an autonomous board of trustees appointed by the Greenville City Council. This structure was made possible by the Texas Legislature in 1989. To learn more about GEUS' 130+ years of public power history or the services it offers, please visit its website at www.geus.org.
