Comprehensive Annual Financial Reports
The Comprehensive Annual Financial Report (CAFR) is a thorough and detailed look at EID's finances. The CAFR includes a financial overview, discussion of the local economy, and an organization chart of the District, as well as the independent auditor's report, management's discussion and analysis, and audited basic financial statements and other statistical information.
The 2016 CAFR represented the 21st consecutive year EID was awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officer's Association (GFOA) for its CAFR. We believe that our 2017 CAFR continues to meet the certification requirements and have submitted it to the GFOA to determine its eligibility for another award.
Read our 2017 CAFR for the fiscal year ended December 31, 2017 to learn more about our finances and accomplishments.
Capital Improvement Plan (CIP)
A CIP is a five-year plan that is updated each year to identify and plan for necessary improvements that ensure the safety and reliability of the District's infrastructure. EID's Board of Directors reviews and adopts an updated plan every year. Through the preparation and adoption of the CIP, the District can ensure that long-term funding is secured to pay for these important projects. The 2018–2022 CIP was approved at the November 13, 2017 regular Board meeting.
In accordance with Board policy, the District adopts a two-year budget and conducts a mid-cycle review to determine any changes that may be needed in the second year of the cycle. The 2017-2018 Mid-Cycle Operating Budget and 2018-2022 Financial Plan was adopted by the Board on December 11, 2017.