Page 20 - Beaumont Basin Watermaster
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Section 2
Watermaster Activities
Their independent auditors’ report of the Watermaster’s financial statements is that they fairly
present the organization’s financial position in all material aspects and its operations were
conducted in conformity with generally accepted accounting principles.
At the beginning of the 2012-2013 fiscal year, the Beaumont Basin Watermaster had
unrestricted net assets in the amount of $20,158.00. During the fiscal year, the Watermaster
collected $405,155.00 in revenues and expended $205,760.00. As of June 30, 2013, the
Watermaster had unrestricted net assets in the amount of $219,553.00.
No recommendations were provided as part of this audit; the results of the audit disclosed no
instances of non-compliance or other matters that are required to be reported under
Government Auditing Standards.
Beaumont Basin Watermaster 2014 Annual Report – DRAFT – August 2014 2-8
