NHCRWA Final Audit Report 2005 - 5-12-2006

NORTH HARRIS COUNTY REGIONAL WATER AUTHORITY FINANCIAL STATEMENTS December 31, 2005 11 Greenway Plaza Suite 1515 Houston, Texas 77046 Phone (713) 621-1515 Fax (713) 621-1570 --oo0oo-- NORTH HARRIS COUNTY REGIONAL WATER AUTHORITY TABLE OF CONTENTS Page FINANCIAL SECTION Independent Auditors’ Report 1 Management’s Discussion and Analysis 5 Basic Financial Statements: Statements of Net Assets 15 Statements of Revenues, Expenses and Changes in Net Assets 16 Statements of Cash Flows 17 Notes to Financial Statements 18 SUPPLEMENTARY INFORMATION Schedule of Expenses 38 Schedule of Principal Water Users 40 Miscellaneous Information 41 --oo0oo-- 11 Greenway Plaza, Suite 1515 One Sugar Creek Blvd., Suite 920 Houston, TX 77046 Sugar Land, TX 77478 (713) 621-1515 (281) 242-8600 Fax: (713) 621-1570 Fax: (281) 242-7333 Independent Auditors’ Report Board of Directors North Harris County Regional Water Authority We have audited the accompanying statements of net assets of the business type activities of North Harris County Regional Water Authority, as of December 31, 2005 and 2004, and the related ...