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Ken Andrews

Finance Director/Treasurer
Ken Andrews

I am pleased to provide access to our Comprehensive Annual Financial Report (CAFR) and annual Budget for the District. Both documents stand as a testimony to the District’s emphasis on meeting our customers’ expectations for fiscal responsibility and transparent management of the public resources entrusted to us.

OUR FINANCIALS

Finance Director/Treasurer Ken Andrews

Born in Oregon, Ken grew up in the Hood River area. To this day, he still has a great affinity and love for the outdoors. Professionally, Ken is a licensed CPA with an MBA from Oregon State University and has more than two decades of accounting experience. He is a graduate of Leadership Clark County and has been recognized as a Professional Finance Officer by the Washington Finance Officers Association. This award recognizes Ken for his achievements and professional development in the arena of governmental finance.

Ken has a valuable and diverse background which helps him in his work at the District. He has spent time overseas, in Tokyo, Japan, working for Price Waterhouse, a leading company in assurance, tax and advisory services. His working career also included work at Sprint Corporation and St. Charles Medical Center in Bend. A resident of Vancouver, Ken currently sits on the City of Vancouver’s Public Facilities District Board. When he’s not managing the District’s finances, Ken is an avid runner.

Budget

We are pleased to present the District’s adopted annual budget. The budget is presented in compliance with the District’s financial policies and as directed by the Board of Commissioners. The District diligently strives to maintain low and stable rates for our customers while continuing to provide high levels of customer service both today and in the future. The budget represents the District’s financial plan for the fiscal year and is representative of the Board’s commitment to financial responsibility and transparency.

The public is encouraged to participate with the Board and staff in the Budget preparation process. The budget is developed openly through a series of Board of Commissioner workshops and public hearings. Please take a look at our Budget Calendar for general information on the timing of the budget process.

“The District’s Finance Director/Treasurer, Ken Andrews, and the rest of our team are to be recognized for their hard work in preparing an award winning CAFR year after year.”

- District General Manager John Peterson

Comprehensive Annual Financial Report (CAFR)

The Comprehensive Annual Financial Report (CAFR) is developed to provide meaningful financial information to legislative bodies, creditors, investors, community partners and customers interested in the District’s financial position at fiscal year-end. The CAFR, in addition to the financial statements, provides information pertaining to the District’s activities through the year and upcoming events, to provide readers with a broader overview of financial impacts than the financial statements alone provide. 1 . By nature of the District’s activities, sewer service, it operates as a proprietary government and reports all activity within a proprietary fund on the financial statements.

The District prepares and presents annual financial statements in conformity with generally accepted accounting principles (GAAP). These statements, as required by law, are independently audited by the Washington State Auditor’s Office (SAO) in accordance with generally accepted auditing standards. Audits include review of the District’s financial statements and related controls, amongst other things. For more information regarding the most recent audit, please read the Independent Auditor’s Report provided below.

Certificate of Achievement for Excellence in Financial Reporting

Going above and beyond state requirements, the District submits the CAFR to the Government Finance Officers Association (GFOA) for a Certificate of Achievement for Excellence in Financial Reporting. This award is the highest form of recognition for financial accounting and reporting. Without a clean opinion from SAO, the District would not qualify to receive this award. The District has submitted for and received this award for 25 consecutive years, every year since 1987. We anticipate 2012’s submission to be the 26th year to receive this award.

For questions concerning any of the information provided in this report or requests for additional financial information, please contact the District by email or phone at 360-750-5876.