Black Canyon City Water Improvement District

 

 

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© 2016 BCCWID
Updated: 11/07/16
Webmaster: Dave Moore

Financial Data
Fiscal Year Budget: Each spring the Board and Management develops a budget for the following fiscal year. At that time items like capital improvement planning, expected operating costs, fees, and the rate structure are discussed. The ideal committee would be comprised of a couple of Board members (one being the Treasurer), someone from management, and a few of the Owner/Users. The maximum time commitment is usually 2-3 one-hour meetings. District Owner/Users interested in helping should contact the Treasurer or Management.

Annual Audit: As do most governmental agencies, the BCCWID operates on a fiscal year beginning July 1 and ending June 30. At the end of each fiscal year the Board hires an independent Certified Public Account (CPA) to audit the financial records of the District. Every CPA is licensed by the State and is required by statute to ethically perform his or her audits. To ensure a totally independent audit, the CPA must have no direct affiliation with any Board Member or Management. The audit is prepared in accordance with generally accepted CPA standards and it is extremely unlikely that any licensed CPA would deviate from those standards and risk losing their license.

2015-2016 BCCWID Financial Statements & Auditors Report by Alyx Cohen (CPA)

2014-2015 BCCWID Financial Statements & Auditors Report by Alyx Cohen (CPA)

2013-2014 BCCWID Financial Statements & Auditors Report by Alyx Cohen (CPA)

2012-2013 BCCWID Financial Statements & Auditors Report by Alyx Cohen (CPA)

2011-2012 BCCWID Financial Statements & Auditors Report by Alyx Cohen (CPA)

2010-2011 BCCWID Financial Statements & Auditors Report by Alyx Cohen (CPA)

2009-2010 BCCWID Financial Statements & Auditors Report by Darlene Wood (CPA)

2008-2009 BCCWID Financial Statements & Auditors Report by Darlene Wood (CPA)

2007-2008 BCCWID Financial Statements & Auditors Report by Darlene Wood (CPA)

2006-2007 BCCWID Financial Statements & Auditors Report by Darlene Wood (CPA)

2005-2006 BCCWID Auditors Report by Darlene Wood (CPA)

2005-2006 BCCWID Financial Statements

Capital Funds for Improvements: Owner/Users who receive a regular monthly water bill are familiar with the line item Capital Impr (Capital Improvements). Since 1998 the BCCWID Board has set aside certain funds for capital improvements. Through this budgeting process the District was able to pay for recent upgrades (2005/2006) such as the new arsenic filtration systems and chlorination systems without resorting to the addition of debt, the issuance of bonds, or the use of property taxation. Future capital expenditures will continue with projects like main line replacements.