The District conducts financial audits on an annual basis. The financial audit is conducted by an independent audit firm selected by the Board of Supervisors. Financial audits are guided by the standards set by the Governmental Accounting Standards Board and the American Institute of CPA’s.
The District’s funds are accounted for under two general categories, governmental activities and business activities. Governmental activities include ad valorem tax revenue and expenses associated with governmental functions. Business type activities include revenue and expenses associated with the provision of water and sewer services. The District fiscal year begins October first of each years and runs through September 30th of each year.