Page 18 - Beaumont Basin Watermaster
P. 18
BEAUMONT BASIN WATERMASTER
MEMORANDUM NO. 15-25
Date: October 7, 2015
From: Joseph Zoba, Treasurer
Subject: Independent Accountant’s Financial Report of Agreed-Upon
Procedures for the Beaumont Basin Watermaster
Recommendation: That the Watermaster Committee receives and files the
Independent Accountant’s Financial Report for the period ending
June 30, 2015.
The Beaumont Basin Watermaster engaged the firm of Rogers, Anderson, Malody & Scott to
perform an independent financial review of the Watermaster activities for the fiscal year ending
June 30, 2015. The independent financial review was conducted under the same terms and
scope as the prior fiscal year.
At the beginning of the 2014-2015 fiscal year, the Beaumont Basin Watermaster had unrestricted
net assets in the amount of $22,057. During the fiscal year, the Watermaster collected $227,378
in revenues and expended $188,125. As of June 30, 2015, the Watermaster had unrestricted net
assets in the amount of $61,310.
The following illustration provides a summary of the annual revenues and expenses of the
Beaumont Basin Watermaster since its formation in 2004.
$400,000
Annual Revenue
$350,000
Annual Expense
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015
Beaumont Basin Watermaster Meeting - October 7, 2015 - Page 18 of 85
MEMORANDUM NO. 15-25
Date: October 7, 2015
From: Joseph Zoba, Treasurer
Subject: Independent Accountant’s Financial Report of Agreed-Upon
Procedures for the Beaumont Basin Watermaster
Recommendation: That the Watermaster Committee receives and files the
Independent Accountant’s Financial Report for the period ending
June 30, 2015.
The Beaumont Basin Watermaster engaged the firm of Rogers, Anderson, Malody & Scott to
perform an independent financial review of the Watermaster activities for the fiscal year ending
June 30, 2015. The independent financial review was conducted under the same terms and
scope as the prior fiscal year.
At the beginning of the 2014-2015 fiscal year, the Beaumont Basin Watermaster had unrestricted
net assets in the amount of $22,057. During the fiscal year, the Watermaster collected $227,378
in revenues and expended $188,125. As of June 30, 2015, the Watermaster had unrestricted net
assets in the amount of $61,310.
The following illustration provides a summary of the annual revenues and expenses of the
Beaumont Basin Watermaster since its formation in 2004.
$400,000
Annual Revenue
$350,000
Annual Expense
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015
Beaumont Basin Watermaster Meeting - October 7, 2015 - Page 18 of 85
