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PWSD News and Information

Posted on: July 3, 2023

PWSD Maintains Strong Financial Footing

Image of a hand holding a pen and putting numbers into a calculator.

Following a clean audit report Parker Water & Sanitation District (PWSD) customers can rest assured that the agency continues to be on strong financial footing.

During its regular meeting on June 22, 2023, the PWSD board of directors heard from its auditor, RSM US LLP (RSM), a summarized review of RSM’s audit of the district’s 2022 financial statements. RSM issued an unmodified opinion, meaning that the financial statements are free from material misstatement and presented fairly in accordance with accepted accounting standards.

This follows the 2022 news that PWSD continued to maintain an AA+ Rating in its latest report from credit reporting agency Standard and Poors, making PWSD one of the highest-rated government agencies in Douglas County.

Said PWSD Board President Merlin Klotz, “With the amount of growth and new infrastructure needs we have facing us over the next 10 years to build out our service area, it’s comforting to know that the organization has more than one billion dollars in assets, a sound plan in place to meets our long-term water needs with the Platte Valley Water Partnership (PVWP), and that we are making sound financial decisions in order to remain a stable organization that customers can rely on.”

Over the next year, PWSD will focus its efforts on completing its new Operations, Maintenance & Administrative Building on the Rueter-Hess Campus, continue with land acquisition and water rights adjudication in Northeastern Colorado in support of the PVWP, and continue with the well house filtration project – among other critical projects

More information is available on our Financial Information page.   

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