LRWRA

Little Rock Water Reclamation Authority’s Financial Reports are developed in compliance with accounting principles generally accepted in the United States of America.

LRWRA is responsible for the financial statements and related information included in this report. A system of internal accounting controls is maintained to provide reasonable assurance that assets are safeguarded and that the books and records reflect only authorized transactions.

LRWRA’s system of internal accounting controls is evaluated on an ongoing basis by internal financial staff. Independent external auditors also consider certain elements of the internal control system in order to determine their auditing procedures for the purpose of expressing an opinion on the financial statements.

One member of the Little Rock Water Reclamation Commission, along with the CEO and division managers, forms the annual Budget Committee. This committee establishes the goals and financial objectives for the coming year and future years. Each month, financial statements are presented to the Little Rock Water Reclamation Commission to show that operations are conducted according to management’s intentions.

LRWRA management believes that its policies and procedures provide guidance and reasonable assurance that the LRWRA’s operations are conducted according to management’s intentions and to a high standard of business ethics. In our view, the financial statements present fairly, in all material respects, the financial position, results of operations, and cash flows of LRWRA in conformity with generally accepted accounting principles in the United States.