Financial Information

The funds and account groups of TRA consist of the following types:

• Governmental – general, special, revenue and debt service
• Proprietary – enterprise and internal service
• Account groups – general, fixed, assets and general long-term debt

The majority of TRA’s services are devoted to financing, constructing and operating independent enterprise operations serving various cities and the general public within the Trinity River watershed. Since most of the enterprise funds that serve these customers are economically and geographically independent, TRA presents separate financial statements and footnotes for each enterprise fund.

Comprehensive Annual Financial Report (pdf) FY2020

Annual Budget (pdf)

Investment Policy (pdf)

Investment Officer's Report - 1st Quarter - February 28, 2021 (pdf)

Investment Officer's Report - 2nd Quarter - May 31, 2020 (pdf)

Investment Officer's Report - 3rd Quarter - August 31, 2020 (pdf)

Investment Officer's Report - 4th Quarter - November 30, 2020 (pdf)

Bond Holder's Information

TRA’s accounting records for general governmental operations are maintained on a modified accrual basis, with revenues recorded when they become measurable and available as net current assets, and expenditures recorded when the services or goods are received and the liabilities are incurred. Accounting records for TRA’s proprietary funds are maintained on the accrual basis.

In developing and maintaining TRA's accounting system, consideration is given to the adequacy of internal accounting controls. Budgetary control over operating expenditures is achieved through the adoption of an annual budget by the board of directors. All operating expenditures and expenses are governed by the annual budget. This budget constitutes a maximum authorization to expend for each project, function and object therein. Once the annual budget is adopted, any adjustments or revisions that do not increase the total appropriations of any given budget are at the discretion of management.

The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. All governmental fund types are accounted for using a current financial resources measurement focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases, i.e., revenues and other financing sources, and decreases, i.e., expenditures and other financing uses, in net current assets.

All proprietary fund types are accounted for on a flow of economic resources measurement focus. With this measurement focus, all assets and liabilities associated with the operation of these funds are included on the balance sheet.

Fund equity, i.e., net total assets, is segregated into contributed capital and retained earnings components. Proprietary fund type operating statements present increases, or revenues, and decreases, or expenses, in net total assets.

TRA applies all capital Government Accounting Standards Board pronouncements as well as Financial Accounting Standards Board pronouncements issued on or before Nov. 30, 1989, unless those pronouncements conflict with or contradict GASB pronouncements.

All governmental fund types use the modified accrual basis of accounting. The proprietary fund types utilize the accrual basis of accounting. TRA does not use the encumbrance method of accounting.