Fiscal Year Budget: Each spring the Board and Management develops a budget for the following fiscal year. At that time items like capital improvement planning, expected operating costs, fees, and the rate structure are discussed. According to Arizona Open Meeting Law these discussions must take place in public and proper notice must be given.
Annual Audit: As do most governmental agencies, the BCCWID operates on a fiscal year beginning July 1 and ending June 30. At the end of each fiscal year the Board hires an independent Certified Public Account (CPA) to audit the financial records of the District. Every CPA is licensed by the State and is required by statute to ethically perform his or her audits. To ensure a totally independent audit, the CPA must have no direct affiliation with any Board Member or Management. The audit is prepared in accordance with generally accepted CPA standards.
