Texas Water Development Board (TWDB), presented by Mr. Robert Salinas, General Manager

Staff Report & Agenda Item Details

The Board of Directors received a brief overview of the CFO to GO Program offered by the Texas Water Development Board (TWDB), presented by Mr. Robert Salinas, General Manager of Agua SUD, and Mr. Dennis Kyhos, Financial Compliance of the Texas Water Development Board. The overall purpose of the program is to provide consulting services from Texas-based accounting/consulting firms. The services are intended to assist the District’s management and 1 its governance to identify opportunities to strengthen business processes and internal controls. There is no cost to the District to participate. All expenses of providing the service (other than District personnel’s time spent interacting with consultants) will be paid for by the TWDB. This process is conducted in two phases: Phase I consists of on-site interviews with key individuals on the District’s staff. This phase also includes a high-level assessment of recent financial statement reviews by the District’s independent auditors and by the Financial Compliance Department of TWDB. The purpose of this phase is to obtain a snapshot of existing financial operations and reporting conditions and to identify potential opportunities for enhancements. Phase II involves discussion of the Phase I findings with the District and the TWDB, and the design of proposed enhancements to processes, procedures, and documentation. Expected outcomes for the District include: Strengthening internal controls, demonstrating good governance by the bo

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.1/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.