MSD is required to conduct an annual audit by an independent audit firm. Each year, the District prepares an Enterprise-wide Comprehensive Annual Financial Report (CAFR). This report offers transparency and disclosure of the District’s financial health which is verified as accurate in all material respects by the audit firm. The CAFR enables a reader to gain a reasonable understanding of the District’s financial activities while also fulfilling the District’s regulatory requirements.
In addition, MSD is required to make a yearly written report to the Mayor and the Board of Aldermen of the City of St. Louis, and to the County Executive and the County Council of St. Louis County. The Popular Annual Financial Report (PAFR) now serves as MSD’s charter required written report to the City and the County.