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CAUD water board reviews 2012 Audit report



2013-03-16 - Photo by Ed Waggener. As Wise, Buckman and Sprowles CPA Shirley Buckner reviewed the 2012 Audit of the Columbia/Adair Utilities District (CAUD), Clockwise from left, Chair Robert Flowers, Commissioner Barry Stotts, Commissioner Rudy Higginbotham, Office Manager Jennifer Carter, General Manager Lenny Stone, and Commissioner David Jones listened. Commissioner Tim Baker was present but not shown in photo. The audit showed an exceptionally strong asset to debt ratio and a good cash balance, which may be even better when the Adair County Water Treatment plant's merger with CAUD is approved by the Public Service Commission and the huge asset is added to the balance sheet - along with a relatively low debt, itself financed by a long term 1% loan. The photo is from the Thursday, March 14, 2013, regular meeting of the CAUD Commissioners.
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