63007 Foresthill PUD Audit Report pdf format

FORESTHILL PUBLIC UTILITY DISTRICT _________________________ FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR’S REPORT for the year ended June 30, 2007 ROBERT W. JOHNSON Certifed Public Acounta TABLE OF CONTENTS Pages Independent Auditor's Report 1-2 Management’s Discussion and Analysis 3-4 Financial Statements: Combined Balance Sheet 5 Statement of Revenues, Expenses and Changes in Net Assets 6-7 Statement of Cash Flows 8-9 Notes to Financial Statements 10-22 Supplemental Information: Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 24-25 Principal Officials 26 Statement of Revenues, Expenses and Changes in Net Assets – Budget and Actual 27 Operating Expenses 28-29 ROBERT W. JOHNSON An Accountancy Corporation Certified Public Accountant 6234 BIRDCAGE STREET • CITRUS HEIGHTS, CA 95610-5949 • (916) 723-2555 INDEPENDENT AUDITOR’S REPORT To the Board of Directors Foresthill Public Utility District Foresthill, California We have audited the accompanying financial statements of Foresthill Public Utility District (the “District”) as of and for the year ended June 30, 2007, as listed in the table of contents. These financial statements are ...