About San Diego County Water Authority

The San Antonio Water System (SAWS) is a city-owned water utility that prioritizes financial transparency to ensure ratepayers and stakeholders have access to up-to-date and comprehensive financial information. SAWS provides various reports, including the Annual Comprehensive Financial Report, which follows governmental financial reporting principles by the Governmental Accounting Standards Board (GASB).

In addition to the Annual Comprehensive Financial Report, SAWS also prepares an Annual Budget using Generally Accepted Accounting Principles (GAAP) and a modified accrual basis of accounting. This budgeting process allows for strategic planning and financial forecasting to effectively manage the utility's funds, activities, and programs.

Furthermore, SAWS offers Monthly Financial Reports that provide detailed financial and management information for all areas under the authority of the SAWS Board of Trustees. These reports offer a snapshot of the utility's financial performance on a regular basis, ensuring accountability and oversight.

Moreover, SAWS Official Statements provide a comprehensive overview of financial and operating information, repayment provisions, and the purpose of each issue of municipal securities. These statements serve as critical documents for investors and stakeholders to understand the financial health and stability of the organization. Additionally, SAWS adheres to a strict Code of Ethical Standards to ensure integrity, transparency, and accountability in all its operations.

The Board of Trustees oversees the governance and strategic direction of the organization, while also engaging in community involvement and promoting water conservation efforts. Overall, SAWS is committed to serving the San Antonio community with reliable and safe water and sewer services, guided by strong financial practices and a dedication to transparency and accountability.

By providing access to detailed financial reports and maintaining high ethical standards, SAWS ensures the trust and confidence of its customers and stakeholders.

Growth

San Antonio Water System (SAWS) is an established enterprise in the water utility sector. With a history dating back to its city ownership, SAWS has grown into a financially transparent organization that prioritizes accountability and stakeholder engagement. The company's focus on financial reports and regulatory compliance indicates a mature stage of growth, emphasizing stability and long-term sustainability in its operations.

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Achievements

SAWS has achieved significant milestones in its financial reporting practices, including the publication of Annual Comprehensive Financial Reports adhering to Governmental Accounting Standards Board principles. The company's adherence to Generally Accepted Accounting Principles for budget preparation and monthly financial reporting showcases a commitment to transparency and financial accountability. The issuance of official statements and IRMA certification further highlight SAWS's dedication to clear communication and financial disclosure for stakeholders.

Case Studies

While specific case studies involving SAWS may not be explicitly mentioned in the provided description, the company's focus on financial transparency and ethical standards could serve as a case study in itself. The successful implementation of comprehensive financial reporting practices and adherence to regulatory frameworks could be a model for other utilities seeking to enhance accountability and stakeholder trust.

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