📋
Extracted from Consolidated Report
This investigation was originally published as part of a larger consolidated report containing multiple investigations. View the consolidated PDF for the complete document.
Los Angeles County Grand Jury
• 2011-2012
Central Basin Municipal Water District
⚠️ Translation Notice: This content has been automatically translated. The original English text is the official version. Translation may contain errors.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Findings 2 findings
F1
Page 422
CBMWD currently does not have a Chief Financial Officer and uses a consultant for financial advice for investments.
F2
Page 422
CBMWD serves a large number of cities with a high density of citizens but is under- represented on the voting Board of the MWD. Votes are determined by the assessed value of the residents’ properties, rather than population and water use.
Recommendations 3
-
R1Page 421The Central Basin Municipal Water District should hire a Chief Financial Officer or the equivalent to ensure financial stability and a viable investment portfolio.
-
R2Page 421The Central Basin Municipal Water District should develop effective accounting policies and procedures, effective internal controls, and separate the authority and the responsibility of handling of assets.
-
R3Page 421The Central Basin Municipal Water District should hire a purchasing officer or the equivalent to oversee procurement and contracts CENTRAL BASIN MWD 2011-2012 LOS ANGELES COUNTY CIVIL GRAND JURY FINAL REPORT 379