Statement of Net Position

The Water Authority received its 15th consecutive award from the Government Finance Officers Association for financial reporting excellence. The Water Authority was also awarded a Distinguished Budget Presentation award for its Multi-Year Budget for Fiscal Years 2014 and 2015. The Water Authority has received this award every year since 1995.

Statements of
Net Position

Statements of Revenues, Expenses
and Changes in Net Position [1]

Cash and
Investments [2]

	2015	2014
Assets:
Current Assets:
Cash and investments	111,130,235	1,609,258
Restricted cash and investments	170,873,233	337,066,803
Water receivables	90,113,890	115,790,820
Interest receivable	1,222,552	1,317,844
Taxes receivable	1,159,303	1,364,468
Other receivables	15,697,438	9,761,981
Inventories	52,428,622	27,589,904
Prepaid expenses	4,636,815	4,637,593
Total current assets	447,262,088	499,138,671
Noncurrent Assets:
Cash and investments	115,405,373	200,567,595
Restricted cash and Investments	70,039,820	16,715,590
Advances to other agencies	278,977	343,874
Retention receivable	1,724,761	1,021,168
Long-term loan receivables	20,000,000	20,000,000
Net OPEB asset	2,157,000	-
Capital assets:
Non-depreciable	640,109,515	633,109,800
Depreciable	2,617,179,700	2,580,689,573
Total noncurrent assets	3,466,895,146	3,452,447,600
Total assets	3,914,157,234	3,951,586,271
Deferred outflows of resources:
Deferred loss on refunding	52,891,210	56,480,770
Employer contributions subsequent to measurement date	4,142,513	-
Total deferred outlaws of resources	57,033,723	56,480,770
Liabilities:
Current Liabilities:
Accounts payable and other liabilities	75,697,190	97,556,079
Interest payable	18,448,486	19,312,756
Construction deposits	451,123	315,406
Short-term liabilities	360,000,000	360,000,000
Current portion of long-term liabilities	39,205,400	44,267,111
Total current liabilities	493,802,199	521,451,352
Noncurrent Liabilities:
Long-term liabilities	1,913,161,795	2,015,008,349
Net pension liabilities	57,843,537	-
Total noncurrent assets	1,971,005,332	2,015,008,349
Total liabilities	2,464,807,531	2,536,459,701
Deferred inflows of resources:
Differences between projected and actual earnings on pension plan investments	9,810,726	-
Net position:
Net Investment in capital assets	1,102,128,289	1,011,397,033
Restricted for construction projects	143,366,311	201,696,008
Restricted for debt service	113,537	549,186
Unrestricted	250,964,563	257,965,113
Total net position	1,496,572,700	1,471,607,340

See Comprehensive Annual Financial Report. [3]