Rowland Heights, CA (February 10, 2022) – The Board of Directors approved Rowland Water District’s draft Financial Audit Report for fiscal year 2020-2021, confirming good accounting practices and reliability of financial statements.
The audit, which is required each year by state law, was conducted by the independent accounting firm Nigro & Nigro PC. The report was approved by the Board at its January 18, 2022, meeting. Final adoption of the audit took place at the February 8, 2022, meeting.
“The findings are a testament to Rowland Water District’s dedication to ongoing fiscal sustainability, transparency and accountability,” said General Manager Tom Coleman. “We are committed to prudent financial oversight and presenting the information as clearly and concisely as possible for public review.”
The Financial Audit Report, for the fiscal year ending June 30, 2021, showed no instances of noncompliance or deficiencies in internal control on the part of the District.
Audits are required by the Governmental Accounting Standards Board to ensure public agencies follow proper accounting procedures. As a California special district, Rowland Water must prepare annual financial reports that are reviewed by an independent auditor. The District is responsible for the accuracy of the data in the report and for the inclusion of all necessary components.
To learn more about the report, visit RWD.org.