Financial Reports
The Annual Comprehensive Financial Report (ACFR) provides the reader with West Basin’s financial results. The introductory section provides an overview of West Basin and the year’s highlights. The financial statement incorporates the audited financial statements. The statistical section provides a 10-year history of financial and operating data.
Other Documents & Policies
The District’s reported financial transactions report can be found on the California State Controller’s website.
The California State Auditor conducted an audit of Southeastern Los Angeles County water agencies for 2012-2013. Of the agencies audited, West Basin had the lowest percent of rate increases and the lowest administrative costs at 2%.
West Basin and its Board of Directors adhere to strong fiduciary responsibilities. Financial policies are reviewed regularly. These include such policies as:
- Debt Management
- Designated Funds
- Swap
- Investment
- Small and Community Bank Investment Program
West Basin seeks input from our external financial advisors and legal team to ensure the District adheres to the latest changes in regulations and best practices. The most current versions of the policies can be found in the Administrative Code.