Placer County Grand Jury Update
“The Placer County Grand Jury recently issued a report evaluating the District's governance and administrative practices. The report recognizes the District's strong financial condition and reliable water service while making recommendations intended to improve board governance, financial oversight, and director training. One recommendation is that the District replace its contracted governmental accounting firm with an in-house finance manager. The District currently utilizes a professional governmental accounting firm that provides multiple levels of review and segregation of duties, and its financial statements have consistently received unmodified opinions from independent auditors for many consecutive years—the highest level of assurance an independent auditor can provide. The Board of Directors is reviewing the report and will prepare its official response as required by law.”
