Water district could face a financial crisis, auditor says | TheUnion.com

Water district could face a financial crisis, auditor says

The Nevada Irrigation District is headed for a fiscal crisis unless it changes its ways, an independent auditor said today.

CPA Ralph Marcello said that despite NID’s vast holdings, crumbling facilities will have to be replaced in future years, and current income and reserves will not be able to handle the cost.

“You can reduce expenses, raise rates, or do both,” the Roseville auditor said while presenting NID’s annual financial report this morning. Adding to the problem will be continued raids on NID tax funds by the state government, Marcello said.

For the full story, see Thursday’s edition of The Union.

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