Fiscal Year Budget
The District conducts its financial operations on a fiscal year basis beginning on July 1st and ending June 30th. Every year, staff prepares a preliminary budget based on priorities provided by the finance and personnel committee and consistent with the District's Mission, Vision and Core Values. The finance and personnel committee conducts a thorough review of the preliminary budget prior to presentation and approval of the final budget by the Board of Directors in June.
The budget provides the Board and District stakeholders with an overview of total available resources and planned spending. It has three major components: revenue estimates, operating expenses, and capital/maintenance projects.
|Budget Fiscal Year 2019||download|
Budget Fiscal Year 2018
Budget Fiscal Year 2017
The Board of Directors hires an independent auditor to conduct an audit of the District's Annual Financial Report. The audited Financial Report provides a detailed review of the District's finances. It includes an introductory section, financial section, supplemental information and the independent auditor's report on internal controls and compliance with Government Auditing Standards.
Annual Financial Report Fiscal Year 2017
Annual Financial Report Fiscal Year 2016
Annual Financial Report Fiscal Year 2015
Water Rate Study
The District contracted with Raftelis Financial Consultants to conduct a comprehensive water and recycled water rate study. The objectives of this study included:
- Develop a Financial Model to determine potable and recycled water revenue requirements
- Conduct a potable and recycled water cost of service and associated tiered rate analyses
- Conduct connection and impact fee analyses
- Develop a rate structure that fulfills community objectives while ensuring adequate revenue to support the utility’s cost requirements
The final report summarizes the key findings and recommendations related to the development of the financial plans for the water and recycled water funds and the associated water and recycled water rates in addition to capacity fees. On December 12, 2016, the Board of Directors adopted Resolution No. 10-16 and approved a five-year rate plan effective through December 12, 2021.
|Water and Recycled Water Rate Study||download|
Water System Condition Assessment Master Plan
The District contracted with Michael Baker International (Michael Baker) to develop a Water System Condition Assessment Master Plan (Master Plan). The master plan evaluated the physical condition of the District's potable and recycled water facilities (with the exception of the recycled water treatment plant); and used this information to identify and prioritize infrastructure improvements based on the current age, condition and expected to remain useful service life of the water system.
The results and recommendations within this final report will be used by the District to plan and budget future infrastructure improvement projects for District's water system.
|Water System Condition Assessment & Master Plan||download|