Making Memories

Guadalupe-Blanco River Authority of Texas Comprehensive Annual Financial Report Fiscal Year Ended August 31, 2012 Comprehensive Annual Financial Report Fiscal Year Guadalupe-Blanco River Authority of Texas Making Memories Guadalupe-Blanco River Authority of Texas Comprehensive Annual Financial Report Fiscal Year Ended August 31, 2012 Guadalupe-Blanco River Authority 933 E. Court Street • Seguin, Texas 78155 830 • 379 • 5822 The 2012 Comprehensive Annual Financial Report is published for the clients, customers, employees and friends of GBRA. Copies of this publication have been distributed in compliance with the State Depository Law and are available for public use throughout Texas at state depository libraries. For additional information about GBRA, contact the Communications and Education Department at (830) 379-5822, (800) 413-5822 or visit our website at http://www.gbra.org. Guadalupe-Blanco River Authority of Texas Annual Financial Report Fiscal Year Ended August 31, 2012 Financial information compiled by the GBRA Accounting Department. Introductory Section, Year in Review and story narratives compiled by the Communications and Education Department. Report designed by Connie Rothe. The Guadalupe-Blanco River Authority is an Equal Opportunity Employer. It is the policy of GBRA not to discriminate against any employee or applicant for employment because of race, age, color, religion, sex, national origin, political affiliation, veteran status or disability. 1 Outdoor Texas Making Memories 2 Table of Contents Guadalupe-Blanco River Authority Comprehensive Annual Financial Report for Fiscal Year Ended August 31, 2012 Introductory Section Title Page .......................................................................................................................................................... 1 Theme .............................................................................................................................................................. 2 Table of Contents .............................................................................................................................................. 3 Vision and Mission ............................................................................................................................................ 4 Board of Directors ............................................................................................................................................. 5 Basin Map ......................................................................................................................................................... 6 GBRA Operational Chart .................................................................................................................................... 7 Year in Review .................................................................................................................................................. 8 Letter from Board Chair and General Manager ................................................................................................ 11 Outdoor Texas - Making Memories Guadalupe River State Park ....................................................................................................................... 13 Coleto Creek Park ...................................................................................................................................... 14 Lockhart State Park ................................................................................................................................... 17 Lions-Shelly Park ....................................................................................................................................... 18 Palmetto State Park ................................................................................................................................... 21 Matagorda Island Wildlife Management Area ............................................................................................. 22 Canyon Lake Corps of Engineers Park ............................................................................................................ 25 Accountability - Results in Detail .................................................................................................................... 27 Government Finance Officers Association (GFOA) Certificate of Achievement ................................................ 29 Financial Letter to the Board of Directors ...................................................................................................30-36 Financial Section Independent Auditor’s Report ....................................................................................................................38-39 Management Discussion and Analysis .......................................................................................................40-44 Balance Sheet ................................................................................................................................................. 45 Statement of Revenue, Expenses and Changes to Net Assets .................................................................... 46 Statement of Cash Flows ................................................................................................................................. 47 Notes to Financial Statements ...............................................................................................................48-63 Required Supplemental Information Defined Benefit Pension Plan Schedule of Funding Progress .................................................................... 67 Other Supplementary Schedules Combining Balance Sheet .....................................................................................................................70-71 Combining Schedule of Revenue, Expenses and Changes in Net Assets ..............................................72-73 Combining Schedule of Cash Flows ......................................................................................................74-75 Bond Amortization Schedules ...............................................................................................................76-83 Statistical Section Index and Explanation ..................................................................................................................................... 86 Schedule of Net Assets by Component ...................................................................................................... 87 Schedule of Changes in Net Assets ............................................................................................................ 88 Schedule of Operating Revenues by Source .............................................................................................. 89 Schedule of Operating Expenses ................................................................................................................ 89 Schedule of Nonoperating Revenue and Expenses .................................................................................... 89 Schedule of Principal Customers ............................................................................................................... 90 Schedule of Operating Systems ................................................................................................................. 91 Schedule of Debt by Type .......................................................................................................................... 92 Schedule of Third Party Debt ..................................................................................................................... 93 Demographics ......................................................................................................................................94-95 Schedule of Employees by Division ........................................................................................................... 96 Schedule of Operating Statistics ...........................................................................................................98-99 Schedule of Capital Asset Additions by Division ...................................................................................... 100 Independent Auditor’s Report in Accordance with Government Auditing Standards Report on Compliance and Internal Controls .........................................................................................102-103 Principal Offices and Business Locations/Publication Details ............................................................Back Cover 3 Guadalupe-Blanco River Authority of Texas Established by the Texas Legislature GBRA was created in 1933 as the Guadalupe River Authority under Section 59, Article 16 of the Constitution of Texas as a water conservation and reclamation district and a public corporation. It was reauthorized in 1935 as the Guadalupe-Blanco River Authority by an act of the Texas Legislature (VCS Art. 8280-106). Sound Management and Administration GBRA is governed by a board of nine directors who are appointed by the Governor and confirmed by the Texas Senate. Directors serve six-year terms, with three directors appointed or reappointed every two years. Board committees meet prior to each monthly meeting to recommend and review policies, programs and actions for consideration. Management and administrative duties are carried out by the general manager and staff in accordance with policies established

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