As the economy grows and Horry County experiences

continued increases in both tourism and real estate

development, Grand Strand Water and Sewer Authority

(GSWSA) is positioned to meet the needs of our local

communities as a result of sound planning practices and

fiscal responsibility.

In 2019, GSWSA added 2,972 water and 2,870 wastewater customers, an increase of 3.5

percent over last year. The Authority now serves more than 96,000 customers throughout

Horry, Georgetown, Marion and Dillon Counties in South Carolina and Columbus County,

North Carolina.

During the year, GSWSA treated and distributed more than 15.75 billion gallons of water

and collected and treated more than 12.22 billion gallons of wastewater. In total, water

consumption was up in all customer classes with the exception of wholesale customers.

Wastewater consumption was up in all classes.

Major GSWSA initiatives included spending approximately $7.9 million on the Rural Water and

Sewer Program to extend water and sewer lines to the rural communities of Horry County. In

addition, approximately $2.9 million was spent to add a clarifier at the Schwartz Wastewater

Treatment Plant and $3.8 million was spent to improve the Myrtle Beach Surface Water

Treatment Plant Ozone System.

At GSWSA we strive to provide exemplary service to our customers, be good partners

with the communities we serve and provide reliable, high quality water in the most efficient

manner possible. We are pleased to present to you the Annual Report for the 2019 fiscal year.

From our entire staff and board of directors, we appreciate the opportunity to serve you.

Sincerely,

Fred Richardson

Chief Executive Officer

Grand Strand Water and Sewer Authority

P.O. Box 2368 • Conway, South Carolina 29528

Fred RichardsonChief Executive Officer

Keri SquiresChief of Accounting & Finance

Christy EverettChief Operations Officer

Tim BrownChief of Plant Operations

Neeraj PatelChief of Field Operations

Charles Hucks Jr.Chief of Technology

Chrystal SkipperChief of Administration

Sidney F. ThompsonChairman

Benjy A. HardeeVice Chairman

Arnold T. JohnsonSecretary

Wilbur M. James

Robert L. Rabon Robert M. Floyd Jr.

J. Liston Wells Richard G. Singleton II

2019ANNUALREPORT

GRAND STRANDWATER & SEWERA U T H O R I T Y

TEAMMANAGEMENTTHE

DIRECTORSBOARD OFTHE

FROM THE

CHIEF EXECUTIVE OFFICER

TOTAL OPERATING REVENUE

Operating revenue was up

$4.8 million over last year, an increase of

5.4 percent.

TOTAL ASSETS, LIABILITIES, DEFERRED

INFLOWS AND OUTFLOWS

During FY 2019, total assets and deferred

outflows increased by $53 million and

exceeded liabilities and deferred inflows

by $551 million.

TOTAL ASSETS

Total Assets were up 6.9 percent

over last year.

TYPICAL

RESIDENTIAL BILL

GSWSA rates are among the lowest in

the region. A typical residential monthly

water and sewer bill based on an average

of 8,000 gallons in 2005 was $36.85. For

FY 2019, the same typical monthly bill

was $47.89, which is an average increase

of 1.9 percent per year.

TOTAL CUSTOMERS

In 2019, GSWSA added

3,243 customers.

TOTAL REVENUE

Total revenue was up by $8.8 million

over FY 2018.

0

100

700

800

600

500

400

300

200

DOLL

ARS

(IN M

ILLIO

NS)

Total Liabilities

Total DeferredInflows

Total Assets

Total DeferredOutflows

Net Position

201920182017

$805,870,097

$272,315,221

$3,550,778

$21,279,131

$551,283,229

$737,881,080

$251,765,808

$38,627

$19,741,811

$505,818,456

$753,766,845

$256,130,429

$759,673

$20,350,944

$517,227,687

70

80

90

100

60

50

40

30

20

10

0

DOLL

ARS

(IN M

ILLIO

NS)

2018

$85,544,007

2019

$90,258,833

2017

$95,108,235

60

40

20

0

DOLL

ARS

(IN M

ILLIO

NS)

2018

$109,778,120

80

100

120

130

2019

$116,097,020

2015

$124,935,891

2016

$99,399,529

2017

$104,441,738

700

800

600

500

400

300

200

100

0

DOLL

ARS

(IN M

ILLIO

NS)

2018

$737,881,080

2019

$753,766,845

2017

$805,870,097

70,000

60,000

50,000

40,000

30,000

20,000

10,000

0

80,000

90,000

100,000

2018

89,480

2019

92,986

2015

96,229

2016

82,999

2017

86,081

$45.00

$40.00

$35.00

$30.00

$25.00

$20.00

$15.00

$10.00

$5.00

$0.00

$50.00

2017

$46.42

2018

$47.89

2019

$47.89

2005

$36.85

2010

$41.10

2015

$44.76

2016

$46.42

Grand Strand Water and Sewer Authority’s (GSWSA) financial

statements for fiscal year 2019 were audited by Smith Sapp, P.A. In

their opinion, the basic financial statements present fairly the financial

position and cash flows in accordance with generally accepted

accounting principles.

Growth in our local and national economy positively affected

GSWSA’s financial position. The solid financial condition of GSWSA

enables us to meet the needs of our current and future customers. The

highlights of fiscal year 2019’s financial performance are displayed in

the following charts.

Respectfully,

Keri Squires

Chief of Accounting and Finance

Grand Strand Water and Sewer Authority

Below are key indicators of GSWSA’s financial position. For a more

detailed look, please visit www.GSWSA.com to download the 2019

Comprehensive Annual Financial Report (CAFR).

FINANCIAL SUMMARYFOR FY 2019