Stamford-WPCA-FS-Audit-6-30-2006

STAMFORD WATER POLLUTION CONTROL AUTHORITY An Enterprise Fund of the City of Stamford, Connecticut FINANCIAL REPORT June 30, 2006 McGladrey & Pullen, LLP is a member firm of RSM International, an affiliation of separate and independent legal entities. CONTENTS INDEPENDENT AUDITOR’S REPORT 1-2 FINANCIAL STATEMENTS Statement of net assets 3 ent of revenues, expenses and changes in net assets 4 Statement of cash flows 5 Notes to financial statements 6-15 INDEPENDENT AUDITOR’S REPORT To the City of Stamford Board of Finance Stamford Water Pollution Control Authority Stamford, Connecticut We have audited the accompanying financial statements of the Stamford Water Pollution Control Authority (SWPCA), an enterprise fund of the City of Stamford, Connecticut, as of and for the year ended June 30, 2006 as listed in the table of contents. These financial statements are the responsibility of the SWPCA’s management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in “Government Auditing Standards” issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial ...