At the end of each fiscal year, the District is audited by an independent certified public accounting firm qualified to perform government accounting audits.  The financial statements consist of a series of financial statements and notes to those statements.  The statements are organized so the reader can understand the District as a financial whole, an entire operating entity. These statements then proceed to provide a detailed look at specific financial activities. This annual report consists of two parts - management's discussion and analysis and a series of basic financial statements.