News


Sewer district audit shows clean finances, footprint of drought

DSRSD finances following appropriate rules

After undergoing an annual audit review, Dublin San Ramon Service 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, and 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," said interim general manager John Archer 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 wastewater on contract to Pleasanton and water and sewer services to Dublin, San Ramon and parts of the Dougherty Valley.

Comments

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

Couples: Wanting, Yet Missing One Another
By Chandrama Anderson | 0 comments | 685 views

Superintendent's new contract may portend difficult employee negotiations
By Tim Hunt | 7 comments | 465 views

Scott Raty bows out as CEO of Pleasanton Chamber
By Jeb Bing | 0 comments | 317 views

 

Nominations due by Sept. 17

Pleasanton Weekly and DanvilleSanRamon.com are once again putting out a call for nominations and sponsorships for the annual Tri-Valley Heroes awards - our salute to the community members dedicated to bettering the Tri-Valley and the lives of its residents.

Nomination form