Each year, SacSewer develops an annual budget that is the financial and operating plan for providing customers with wastewater collection services in a responsive, fiscally prudent, and environmentally responsible manner.
The Annual Comprehensive Financial Report (ACFR) is a thorough and detailed presentation of SacSewer’s financial condition. It reports on activities and balances for each fiscal year.
The ACFR complies with the accounting requirements promulgated by the Governmental Accounting Standards Board (GASB). Each ACFR is “audited” by an external American Institute of Certified Public Accountants (AICPA) certified accounting firm utilizing GASB requirements.
SacSewer’s Long Term Financial Plan (LTFP) is an important component of our strategy for building and maintaining a financially sound and sustainable wastewater utility. The plan incorporates a 10-year financial forecast and growth sensitivity analysis, as well as a review of critical issues and risks facing SacSewer that could impact the financial forecast. The plan also includes a review of the financial environment and regional economy we operate in.
Finally, the LTFP provides some recommended long-term action plans for debt management, asset management, reserve building and other financial issues facing SacSewer over a term longer than the next annual budget cycle.