budget/financial statements
Compared to a gallon of gas or milk, a gallon of tap water continues to be a value in the Tampa Bay region.
Tampa Bay Water works hard to keep this life-sustaining necessity affordable through its budgeting process. As a special district of the State of Florida, we are funded through the sale of wholesale water to the local governments we serve. We have no taxing authority and we do not make a profit.
Our annual budget is balanced—our projected expenses equal our projected income. Each budget is rigorously reviewed by the governments we serve and discussed in a public workshop before our Board of Directors considers approval prior to August 1 of each year.
At the close of each fiscal year, our financial performance is audited by an outside consulting firm. The audit is conducted in accordance with Government Auditing Standards.
