GRDA recognized for financial reporting excellence

Mar 29, 2022

Award winning report … The cover of GRDA’s 2020 comprehensive annual financial report (CAFR). Like the 20 reports that came before it, this one was also recognized for “excellence in financial reporting” by the Government Finance Officers Association (GFOA). It can be viewed online at

For the 21st year in a row, the Grand River Dam Authority is being recognized for excellence in financial reporting.

On March 25, GRDA learned that it would once again receive the “Certificate of Achievement for Excellence in Financial Reporting” from the Government Finance Officers Association (GFOA). GRDA is receiving the certificate for its 2020 comprehensive annual financial report (CAFR). The certificate is the highest form of recognition in governmental accounting and financial reporting.

“This recognition reflects our ongoing commitment to meet the highest standards of financial reporting, as well as the caliber of the Authority’s Finance team.” said GRDA Chief Financial Officer Lorie Gudde. “We are very pleased to receive this certificate from the GFOA and will continue to provide the best financial information possible to our customers and stakeholders.”

Entitled A Grand Vision, the 2020 GRDA CAFR, can be viewed online at

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.

GRDA is Oklahoma’s largest public power utility; fully funded by revenues from electric and water sales instead of taxes. Each day, GRDA strives to be an “Oklahoma agency of excellence” by focusing on the 5 E’s: electricity, economic development, environmental stewardship, employees, and efficiency.