Financial Information

The Finance Department is responsible for financial planning and analysis, internal control and auditing, cash and investments, payroll, accounts payable and receivable. Important documents produced by the Finance Department include the Adopted Budget, the Comprehensive Annual Finance Report (CAFR), and the quarterly Investment report.

Adopted Budgets

Operating and Capital Budgets adopted by the Union Sanitary District Board of Directors:

2017 Budget Pie Charts

Comprehensive Annual Financial Report

The District prepares a Comprehensive Annual Financial Report (CAFR) which summarizes and explains the initiatives, accomplishments and financial activities during each fiscal year. The format and content comply with quality public sector financial reporting guidelines based on the evaluation from the Governmental Financial Officers Association (GFOA). The District's Audited Financial Reports were prepared in compliance with Generally Accepted Accounting Principles (GAAP). They include the Management's Discussion and Analysis, the Statement of Net Assets, the Statement of Revenues, Expenses and Changes in Net Assets, the Statement of Cash Flows and the Notes to Financial Statements.

Single Audit Reports

Single Audit Reports are required if the District receives more than $750,000 in federal funding for various projects on an annual basis.

Auditor Letters

District Investments

It is the policy of Union Sanitary District to invest public funds that are not required for immediate day-to-day operations, in safe and liquid investments with maturities under five years, in conformance with the California state statutes governing the investment of public funds. Investments are intended to achieve a reasonable rate of return while minimizing the potential for capital losses arising from market changes or issuer default.

 

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