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Finance

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 guidelines and priorities provided by the finance and personnel committee that is 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 the 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 2022 download
Budget Fiscal Year 2021 download
Budget Fiscal Year 2020 download

Financial Reporting

Annual Report
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.

Comprehensive Annual Financial Report Fiscal Year 2020 Download
 Annual Financial Report Fiscal Year 2019 download

 Annual Financial Report Fiscal Year 2018

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Quarterly Reports
The District posts quarterly financial updates in an easy to understand format.

Financial Report 4th Quarter Fiscal Year 2021 download
Financial Report 3rd Quarter Fiscal Year 2021 download
Financial Report 2nd Quarter Fiscal Year 2021 download
Financial Report 1st Quarter Fiscal Year 2021 download

Water Rate Study 
The Scotts Valley Water District is working on a new Water and Recycled Water Rate Study that could affect the cost of water service through proposed changes to rate tier structure and water rates for different customer categories. 

Rate Development Process (key dates)
November 4, 2020       Project Kickoff
Spring 2021                 Financial Plan development
June 10, 2021             Water Rate Workshop Presentation 
July 8, 2021                 Rate Study Update
August 12, 2021          Board Review of Rate Study /Proposed Rate Increases
                                   Rate Study Report    Presentation Slides   Presentation Video Recording Rate Study Page

October 14, 2021        Public Hearing
December 2021          New Rates to Become Effective

The District last reviewed and adjusted water rates in 2016. The new study looks at a five-year period ending in 2026 and focuses on the cost of service and fair and equitable rate development. The cost-of-service analysis determines the costs of operating and maintaining the water system, including repair, replacement and upgrades of capital assets, debt service requirements, and maintaining the target level of reserve funding.

Draft Water and Recycled Water Rate Study 2021

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Water and Recycled Water Rate Study 2016

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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 remaining 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 the District's water system.

Water System Condition Assessment & Master Plan 2017 download