WaterOne has made available a Popular Annual Financial Report, commonly known as a PAFR, for its 2020 fiscal year. The PAFR format has been widely adopted by governments and organizations as a supplement to in-depth public financial reporting. The report offers an easy-to-understand general summary of the organization’s revenue and expenditures, financial strategies, and performance over the preceding year, as well as information about the WaterOne’s history, service area, and projects.
“In spite of all the challenges presented in 2020, WaterOne experienced positive customer growth, refunded outstanding debt for a cost savings to the rate payers, constructed new facilities to improve and simplify the delivery and treatment of water, and invested in the replacement of existing infrastructure based on our proactive asset management plan. All of this was achieved with only a 1.4% rate increase in 2020 while maintaining a AAA bond rating and over 90% customer service satisfaction,” said Director of Finance Darin Kamradt. “We’re excited to present WaterOne’s performance and the numbers behind it in this condensed, easy-to-read format.”
