The District’s basic financial statements include:

Statement of Net Assets – includes the District’s assets and liabilities and provides information about the nature and amounts of investments in resources (assets) and the obligations to District creditors (liabilities). This statement also provides the basis for evaluating the capital structure of the District and assessing the overall liquidity and financial flexibility. The difference between the assets and liabilities is shown as net assets. Over time, increases or decreases in net assets may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

Statement of Revenues, Expenses and Changes in Net Assets – accounts for the current year’s revenues and expenses. This statement measures the success of the District’s operations over the past year and determines whether the District has recovered it costs through user fees and other charges.

Statement of Cash Flows – reports cash receipts, cash disbursements, and net changes in cash resulting from operations and investments during the reporting period.

Statement of Fiduciary Net Assets – used to account for resources held for the benefit of the Joint Regional Water Supply System (JRWSS). This statement is not reflected in the District’s statement of net assets because the resources of the JRWSS are not available to support the District’s own programs.

Statement of Changes in Fiduciary Net Assets – reports the current year’s increases and decreases of JRWSS’ net assets.