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VADNAIS LAKE AREA WATER MANAGEMENT ORGANIZATION <br />MANAGEMENT'S DISCUSSION AND ANALYSIS <br />DECEMBER 31, 2018 <br />Overview of the Financial Statements <br />This discussion and analysis is intended to serve as an introduction to the Organization's basic financial <br />statements. The Organization's basic financial statements are comprised of three components: <br />1) govemment-wide financial statements, 2) General Fund financial statements, and 3) notes to the <br />financial statements. This report also contains other required supplemental information in addition to <br />the basic financial statements themselves. <br />The financial statements also include notes that explain some of the information in the financial <br />statements and provide more detailed data. Figure 1 shows how the required parts of this annual report <br />are arranged and relate to one another. <br />Figure 1 <br />Required Components of the Organization's Annual Financial Report <br />Management's <br />Discussion and <br />Analysis <br />Government -Wide <br />Financial <br />Statements <br />Summary <br />Basic Financial <br />Statements <br />General Fund <br />Financial <br />Required <br />Supplementary <br />Information <br />Notes to the <br />Financial <br />Statements <br />Detail <br />(5) <br />