TABLE OF CONTENTS

Part I - Financial Statements

 Independent Auditor’s Report 1

 Statement of Management’s Responsibility for Financial Statements 3
 Condensed Statement of Financial Position as at December 31, 2018
(With Comparative Figures for CY 2017) 4
 Condensed Statement of Comprehensive Income for the Year Ended
December 31, 2018 (With Comparative Figures for CY 2017) 5
 Condensed Statement of Cash Flows for the Year Ended
December 31, 2018 (With Comparative Figures for CY 2017) 6
 Statement of Changes in Equity for the Year Ended December 31, 2018
(With Comparative Figures for CY 2017) 7
 Notes to Financial Statements 8

Part II - Observations and Recommendations

 Financial and Compliance Audit 22

Part III - Status of Implementation of Prior Year’s Audit Recommendations

 Status of Implementation of Prior Year’s Audit Recommendations 40

Part IV – Annexes

Annex A - Detailed Statement of Financial Position as at

December 31, 2018 (With Comparative Figures for CY 2017)
Annex B - Detailed Statement of Comprehensive Income for
the Year Ended December 31, 2018 (With Comparative
Figures for CY 2017)
Annex C - Detailed Statement of Cash Flows for the Year Ended
December 31, 2018 (With Comparative Figures for CY 2017)
Annex D - Schedule of Approved Water Rates for the District
per LWUA Board Resolution No. 43, s.
2018