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For Years Ended
December 31, 2011 and 2010
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In accordance with the requirements of City Ordinance No. 75686, we are pleased to submit herewith the
Comprehensive Annual Financial Report (CAFR) of the San Antonio Water System for the year
ended December 31, 2011.
We believe that the financial and statistical information presented in the report is
accurate in all material respects and that all disclosures necessary to enable the reader to gain an
understanding of SAWS’ financial status have been included.
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