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The San Lorenzo Valley Water District is an independent
special district providing water, sewer or a combination of both
services to approximately 7,300 residents and businesses within
its service area. The District takes seriously it's responsibility
to closely review actual expenditures and propose a workable budget
and priorities. An important part of this process is to work closely
with an accredited auditor to complete a comprehensive review
of the District's Financial Statements following the guidelines
set forth by the Governmental Accounting Standards Board (GASB).
The Annual Financial Report is organized into two
sections: (1) Introductory and (2) Financial. The Introductory
section offers general information about the District's organization
and current District activities and reports on a summary of significant
financial results. The Financial section includes the Independent
Auditor's Report, Management's Discussion and Analysis of the
District's basic financial statements, and the District's audited
basic financial statements with accompanying Notes.
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