Water district audit shows clean finances, footprint of drought | News | DanvilleSanRamon.com |

News

Water district audit shows clean finances, footprint of drought

DSRSD financial practices follow appropriate rules, report says

After undergoing an annual audit review, Dublin San Ramon Services District's finances received a clean bill of health.

DSRSD passed an independent audit review in mid-December, which the district undertakes each year for the prior financial year. Certified public accounting firm Badawi & Associates reported the district is following its financial policies according to the latest Governmental Accounting Standards Board rules.

"I'm pleased the auditor found no difficulties, no uncorrected mistakes, no disagreements with management and no weaknesses or areas of concern regarding internal controls of the District," interim general manager John Archer said in a statement.

Another year of the four-year drought left its mark on DSRSD's finances.

In 2015, DSRSD's net worth increased $13.4 million, ending at $377 million as of June 30, 2015. Operating revenues decreased $1 million to $44.7 million, mostly due to drought-related conservation, and operating expenses decreased $3.9 million to $45 million because the district bought less potable water from its wholesaler, Zone 7 Water Agency, due to the drought.

DSRSD provides water and sewer services to Dublin and parts of San Ramon, as well as wastewater on contract to Pleasanton.

What is community worth to you?
Support local journalism.

Comments

Sorry, but further commenting on this topic has been closed.

Stay informed

Get daily headlines sent straight to your inbox.

Big money pouring into Livermore referendums
By Tim Hunt | 12 comments | 1,984 views

You Can Help: Scents and Migraines
By Chandrama Anderson | 0 comments | 1,420 views

Fire
By John A. Barry and Bill Carmel | 0 comments | 463 views