Hi-Desert Water District Comprehensive Annual Financial ...

Hi-Desert Water District

Yucca Valley, California

Comprehensive Annual Financial Report

For the Fiscal Years Ended June 30, 2017 and 2016

Our Mission Statement

"To provide a dependable water supply and wastewater treatment for the customers of the Hi-Desert Water District in

a safe, efficient and financially responsible manner"

Hi-Desert Water District

Board of Directors as of June 30, 2017

Name

Elected/

Current

Title

Appointed

Term

Robert Stadum

President

Elected

12/16 - 12/20

Sarann Graham

Vice President

Elected

12/16 - 12/20

Sheldon Hough

Director

Elected

12/14 - 12/18

Roger Mayes

Director

Elected

12/14 - 12/18

Dan Munsey

Director

Elected

12/14 - 12/18

Hi-Desert Water District Ed Muzik, General Manager

55439 29 Palms Highway Yucca Valley, California 92284-2503

(760) 365-8333 ?

Comprehensive Annual Financial Report For the Fiscal Years Ended June 30, 2017 and 2016

HI-DESERT WATER DISTRICT

55439 29 Palms Highway Yucca Valley, California 92284-2503

Prepared by: Tanya Gruwell, Controller

Hi-Desert Water District

Annual Financial Report For the Fiscal Years Ended June 30, 2017 and 2016

Table of Contents

Page No.

Table of Contents

Introductory Section

Letter of Transmittal

Board of Directors

Organizational Chart

GFOA Certificate of Achievement for Excellence in Financial Reporting

Financial Section

Independent Auditor's Report

Management's Discussion and Analysis

Basic Financial Statements: Statements of Net Position Statements of Revenues, Expenses and Changes in Net Position Statements of Cash Flows Notes to the Basic Financial Statements

Required Supplemental Information: Schedule of Funding Status ? Other Post Employment Benefit Schedule of District's Proportionate Share of the Net Pension Liability Schedule of Pension Plan Contributions

Supplemental Information Section

Combining Schedule of Net Position as of June 30, 2017 Combining Schedule of Revenues, Expenses and Changes in Net Position

For the Year Ended June 30, 2017 Combining Schedule of Net Position as of June 30, 2016 Combining Schedule of Revenues, Expenses and Changes in Net Position

For the Year Ended June 30, 2016

Statistical Information Section

Statistical Section ? Table of Contents Changes in Net Position by Component ? Last Ten Fiscal Years Operating Revenues by Source ? Last Ten Fiscal Years Operating Expenses by Activity ? Last Ten Fiscal Years Revenue Base ? Last Ten Fiscal Years Revenue Rates ? Last Ten Fiscal Years Customers by Type ? Last Ten Fiscal Years Principal Customers ? Current Fiscal Year and Nine Years Ago Ratios of Outstanding Debt by Type ? Last Ten Fiscal Years Pledged-Revenue Coverage ? Last Ten Fiscal Years Demographic and Economic Statistics ? Last Ten Fiscal Years Full Time Equivalent District Employees by Department ? Last Ten Fiscal Years Operating and Capacity Indicators ? Last Ten Fiscal Years

i-ii

1-6 7 8 9

10-12 13-19

20-21 22

23-24 25-52

53 54 55

56

57 58

59

60 61-62

63 64 65 66 67 68 69 70 71 72 73

i

Hi-Desert Water District

Annual Financial Report For the Fiscal Years Ended June 30, 2017 and 2016

Table of Contents, continued

Report on Internal Controls and Compliance Independent Auditor's Report on Internal Control over Financial Reporting

And on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards

Page No. 74-75

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