HomeMy WebLinkAbout6 Accepting the Annual Disclosures and Audit Financial Statements
AGENDA ITEM 6
Page 1 of 1
MEETING DATE: July 21, 2021
TO: Board of Directors
FROM: Michael Salmon, CFO
SUBJECT: Accept the Annual Report and Financial Statements
APPROVED BY______________________________
Brian C. Wright, General Manager
RECOMMENDATION:
Accept the 2020 annual disclosure report and 2020 audited financial statements for the 2015
Certificate of Participation continuing disclosure requirements.
BACKGROUND:
The Financing Corporation Board reviews and approves the annual disclosure report. Also,
provided is a copy of the most recent audited financial statements of the Truckee Donner
Public Utility District.
The annual disclosure report is prepared according to the requirements of the continuing
disclosure statements for the refunded 2015 Certificates of Participation.
1.05.020 Objectives:
1. Responsibly serve the public.
6. Manage the District in an effective, efficient, and fiscally responsible manner.
1.05.030 Goals:
1.1. Conduct the District’s business in a legal, ethical, open, and transparent manner.
6.6. Develop appropriate financial procedures to assure responsible financial management.
FISCAL IMPACT:
There is no fiscal impact associated with this action.
ATTACHMENTS:
1. Certificates of Participation (Water System Improvements) Series 2015 - Refunded
Portion Annual Report as of December 31, 2020.
2. Truckee Donner Public Utility District Consolidated annual audited financial statements
as of December 31, 2020.
3. Truckee Donner Public Utility District Primary Government Only annual audited
financial statements as of December 31, 2020.