The Office of the Auditor General has completed a special audit of the Central Arizona Water Conservation District pursuant to Laws 2017, Ch. 305, §129. We found that the District collects and spends revenues in accordance with legal requirements and/or policies the District’s Board of Directors established. The District has also established and maintains various financial reserves to meet contractual obligations and prepare for large or unusual costs that may arise. Further, the District operates the Central Arizona Groundwater Replenishment District, which the Legislature established to conserve groundwater supplies and facilitate land development.