WASHINGTON — The National Federation of Municipal Analysts presented Excellence in Disclosure awards to four issuers at a dinner at its annual conference in San Diego May 2.
The award for a general government was given to the State of Washington, which maintains “an excellent website for investors that includes complete disclosure information, such as financial reports, debt management documents, credit reports and links to other state agencies,” said NFMA executive director Lisa Good. A second website provides the state’s economic and revenue forecasts as soon as they are released. The award for a government enterprise went to the Alameda Corridor Transportation Authority for good disclosure of its evolving financing structure.
Ohio-based Catholic Health Partners won in the not-for-profit category thanks to its “comprehensive and meaningful quarterly management discussion and analysis,” Good said, while Santa Maria, Calif., won the small local issuer award for its disclosure.
The NFMA instituted its Excellence in Disclosure Awards in 2012 to recognize those issuers who support the analyst community by providing fulsome and timely disclosure, Good explained. Nominations were received from the Board of Governors and disclosure committee and subcommittee chairs, and the nominees are presented to the full membership for a vote.
“This year’s winners exemplify good disclosure,” said Good.