• Finances of CAP

The Finance and Accounting Department is a team of professionals that provides oversight and accountability in regard to the District’s finances. The department is responsible for all financial-related activities within CAP. There are three operational areas:

  • Accounting Operations is responsible for financial statement reporting according to generally accepted accounting principles, overseeing the annual external audit, accounts payable and payroll.
  • Financial Operations is responsible for quarterly and annual financial analysis and reporting, cash and treasury management, bond oversight, accountable property, and financial oversight with the Bureau of Reclamation.
  • Business Financial Planning is responsible for oversight of budget development and forecasting, long-range financial planning, accounts receivable, and strategic and working capital reserve planning, as well as financial oversight and reporting on capital improvement/Extraordinary Maintenance projects and power and transmission.

CAP FINANCIAL ACTIVITIES

CAP’s activities are accounted for under the accrual method and in compliance with GASB Statement No. 34. Under Enterprise Fund accounting, CAP is a single-accounting entity for financial reporting purposes. However, within this single accounting entity, CAP has identified a number of financial activities that it wishes to track separately, referred to as “funds.” These funds are as follows:  General Fund, CAGRD Account, Supplemental Water Account, and Captive Insurance Fund. The use of the term “fund” for these separate activities does not have any particular accounting significance. CAP is not required to, and does not, publish separate financial statements for any of the individual funds, except for the consolidated statements and CAP’s captive insurance company.

For additional information, please contact Douglas Dunlap, CPA, Finance & Accounting Manager, at ddunlap@cap-az.com or 623-869-2360.

Tucson Skyline

Economic Impact

Through 2017, the Colorado River water CAP delivers has supported Arizona’s gross state product with $2 trillion in economic benefits since water deliveries began.

Crops

Agriculture & CAP

Agriculture and the Central Arizona Project have a long history.

CAP Budget Document Cover

Biennial Budgets

CAP prepares a biennial budget as part of its integrated financial planning process.

Audited Financial Statements

The Governmental Finance Officers Association’s Comprehensive Annual Financial Report is the result of CAP’s continuous development and collaboration of work throughout the year.

CAP Finance Award
CAP Quarterly Financial Review

Quarterly Financial Review

An overview of the financial activities and condition of CAP.

Money on Fork

Strategic & Working Capital Reserves

CAP has reserve funds – specifically strategic and working capital reserves

CAP Radial Gate Swap

Repayment

The Central Arizona Water Conservation District was created to contract with the United States for repayment of the “non-federal” share of CAP construction costs.

CAP Canal Through Landscape

Water Rates

CAP publishes rates biennially as part of the integrated framework of CAP financial planning processes

CAP Property Tax Document

Property Taxes

Questions and answers, and CAP’s Property Tax and Assessment Fact Sheet.

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This link is taking you away from the CAP website and provides information on an external site that is consistent with the intended purpose of the CAP website. CAP cannot attest to the accuracy of the information provided by this link or any other linked site. CAP is not responsible for the information or links provided by sponsors of the site or any products presented on the site. These links do not represent an endorsement by CAP or its directors or employees of site sponsors or products.

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This link is taking you away from the CAP website and provides information on an external site that is consistent with the intended purpose of the CAP website. CAP cannot attest to the accuracy of the information provided by this link or any other linked site. CAP is not responsible for the information or links provided by sponsors of the site or any products presented on the site. These links do not represent an endorsement by CAP or its directors or employees of site sponsors or products.

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This link is taking you away from the CAP website and provides information on an external site that is consistent with the intended purpose of the CAP website. CAP cannot attest to the accuracy of the information provided by this link or any other linked site. CAP is not responsible for the information or links provided by sponsors of the site or any products presented on the site. These links do not represent an endorsement by CAP or its directors or employees of site sponsors or products.