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Water district accepts clean 2025 audit; net position rises $2.7 million
Summary
The Coast Highway County Water District board accepted a clean (unmodified) 2025 audit that shows a $2.7 million increase in net position, driven by higher water-sale revenue and nonoperating fees; the board voted to accept the audit at its Jan. 13 meeting.
The Coast Highway County Water District Board voted Jan. 13 to accept the district’s 2025 financial audit, which auditors issued with an unmodified (clean) opinion.
Jonathan Abadesco, partner in charge for the audit, told the board the audit followed professional standards including AICPA guidance and governmental accounting principles. He said the district’s net position increased by…
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