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Comprehensive Annual Financial Report for the Years Ended June 30, 2020 and 2019

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Comprehensive Annual Financial Report for the Years Ended June 30, 2020 and 2019 Clark County Water Reclamation District A Component Unit of Clark County, Nevada Comprehensive Annual Financial Report For The Years Ended June 30, 2020 and 2019 Clark County Water Reclamation District A Component Unit of Clark County, Nevada COMPREHENSIVE ANNUAL FINANCIAL REPORT CLARK COUNTY WATER RECLAMATION DISTRICT 5857 East Flamingo Road Las Vegas, Nevada 89122 (702) 434-6600 www.cleanwaterteam.com FOR THE YEARS ENDED JUNE 30, 2020 AND 2019 Prepared by the Financial Services Group Under the Supervision of Susan Heltsley, Assistant General Manager, Financial Services COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Years Ended June 30, 2020 and 2019 Table of Contents Introductory Section District Officials................................................................................................................................................................... I Letter of Transmittal ...........................................................................................................................................................II District Organizational Chart ............................................................................................................................................ VI Sources and Uses of District Funds ................................................................................................................................. VII Metropolitan Service Area Map ..................................................................................................................................... VIII Wastewater Treatment Process Diagram .......................................................................................................................... IX Certificate of Achievement for Excellence in Financial Reporting ................................................................................... X Financial Section Independent Auditors’ Report on Financial Statements and Supplementary Information ................................................. 1 Management’s Discussion and Analysis ............................................................................................................................. 4 Basic Financial Statements ........................................................................................................................................... 11 Statement of Net Position ......................................................................................................................................... 12 Statement of Revenues, Expenses and Changes in Net Position .............................................................................. 14 Statement of Cash Flows .......................................................................................................................................... 15 Notes to Financial Statements ................................................................................................................................... 17 Required Supplementary Information ........................................................................................................................... 43 Schedule of Changes in Total OPEB Liability - PEBP ............................................................................................ 44 Schedule of Changes in Total OPEB Liability – Self-Funded/HPN......................................................................... 45 Schedule of Proportionate Share of Contractually Required OPEB Contributions – PEBP .................................... 46 Schedule of Proportionate Share of Net Pension Liability ....................................................................................... 47 Schedule of Proportionate Share of Statutorily Required Pension Contribution Information .................................. 48 Supplementary Information .......................................................................................................................................... 49 Schedule of Capital Assets........................................................................................................................................ 50 Schedule of Revenues and Expenses Compared to Budget ...................................................................................... 51 Schedule of Cash Flows Compared to Budget ......................................................................................................... 52 Statistical Section (Unaudited) Summary of Net Position .................................................................................................................................................. 55 Changes in Net Position .................................................................................................................................................... 56 Operating Expense by Function ........................................................................................................................................ 57 Operating Revenue by Source........................................................................................................................................... 58 Non-Operating Revenue by Source .................................................................................................................................. 59 Ten Largest Customers ..................................................................................................................................................... 60 Ratios of Outstanding Debt ............................................................................................................................................... 61 Average Daily Flows ........................................................................................................................................................ 62 Schedule of Insurance Policies in Force ........................................................................................................................... 63 Budget Approved Full-Time Positions by Service Center ................................................................................................ 64 Capital Asset Statistics by Function.................................................................................................................................. 65 Demographic Statistics ..................................................................................................................................................... 66 Clark County Principal Industries ..................................................................................................................................... 68 Technical Terms ................................................................................................................................................................ 70 Comments of Independent Auditors Independent Auditors’ Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards ......................... 72 This page intentionally left blank Introductory Section Clark County Water Reclamation District Flamingo Water Resource Center District Officials CLARK COUNTY WATER RECLAMATION DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT Years Ended June 30, 2020 and 2019 Clark County Water Reclamation District Officials A Board of Trustees, consisting of seven members, governs the Clark County Water Reclamation District (the District). Each member also sits on the seven-member Clark County Commission. Current Trustees of the District Board are as follows: (L-R) Lawrence Brown III - Chair, Justin Jones, Michael Naft, Marilyn Kirkpatrick, Lawrence Weekly, James B. Gibson, Tick Segerblom - Vice Chair Other Elected Officials Laura Fitzpatrick Treasurer Lynn Goya County Clerk District Administrative Officials Thomas A. Minwegen General Manager Daniel Fischer Deputy General Manager, Plant Operations and Laboratory Shawn Mollus Deputy General Manager, Engineering and Construction Richard Donahue Assistant General Manager, Collection System Marty Flynn Assistant General Manager, Strategic Services Susan Heltsley Assistant General Manager, Financial Services Brenda Pappas Assistant General Manager, Customer Care Jay Polack Chief Information Officer David Stoft General Counsel I Letter of Transmittal Clark County Water Reclamation District October 20, 2020 Ex Officio Board of Trustees Board of County Commissioners Clark County Water Reclamation District 500 South Grand Central Parkway Las Vegas, Nevada 89155-1601 Honorable Trustees and Rate Payers of the Clark County Water Reclamation District: We wish to express our appreciation to the Board for their leadership and support in planning and coordinating the operations of the Clark County Water Reclamation District (the District). We are pleased to present the District’s Comprehensive Annual Financial Report (CAFR) for the fiscal years (FY) ended June 30, 2020 and 2019. This report was prepared by the District’s Financial Services Group following guidelines set forth by the Governmental Accounting Standards Board (GASB) with financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP) in the United States. Management assumes full responsibility for both the completeness and reliability of the information contained in this report, based upon a comprehensive framework of internal control established for
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