The San Diego County Water Authority board of directors today approved a $1.338 billion budget for fiscal years 2006 and 2007 that funds the agency’s operations and capital improvements. The Water Authority moved to a multiyear budgeting process for the 2004 and 2005 fiscal years to provide enhanced fiscal management of its many multiyear projects and long-range planning.
Category Archives: Finance & Investor Relations
San Diego County Water Authority Calls on MWD to Cut Spending and Cap Rate Hikes at 3 Percent
The San Diego County Water Authority has submitted a proposal to the Metropolitan Water District of Southern California to cap its “average” rate increases for 2013 and 2014 at 3 percent. The rate cap would be accomplished through a $116.5 million budget reduction over the next two years. The recommendations were sent March 21 to MWD’s Board of Directors, which is expected to adopt a two-year budget and two years of rate increases at its April 9 Finance and Insurance Committee meeting and April 10 board meeting.
Water Authority Voucher Program Provides Financial Incentives for Conservation
The Water Authority is tapping common sense and technology to improve water conservation efforts. The Water Authority’s new conservation program, Smart Landscape, enhances the health and beauty of commercial and residential landscapes. The new program provides financial incentives to residential customers for installing new, self-adjusting, weather-based irrigation controllers. Incentives are also available to commercial sites to upgrade irrigation hardware. Financial incentives are available in San Diego County by calling (800) 986-4538.
Water Authority approves basic rate increase $5 per acre-foot increase to enhance region’s water reliability
In a move aimed at ensuring a reliable water supply for the San Diego region, the San Diego County Water Authority’s board of directors today voted to increase the basic cost of water to its member agencies by $5 per acre-foot. The rate increase, which will take effect Jan. 1, 2002, was necessary to help fund the Authority’s $1.21 billion Capital Improvement Program. The CIP includes new pipeline projects, pumping facilities and the Emergency Storage Project (ESP).
San Diego County Water Authority Adopts Rates and Charges for 2013
Today the San Diego County Water Authority Board of Directors approved wholesale water rates and charges for 2013.
Water Authority Receives Awards for Excellence in Budgetary and Financial Reporting
The San Diego County Water Authority received its 13th Distinguished Budget Presentation Award from the Government Finance Officers Association of the United States and Canada, which is the highest form of recognition in governmental budgeting. It also received the Excellence Award in Operating Budget from the California Society of Municipal Finance Officers.
Water Conservation Incentives Restart for San Diego County Residents and Businesses
Several popular rebates for water-saving devices will once again be available to San Diego County residents and businesses starting next week.
Beginning at 9 a.m. Monday, September 21, SoCal Water$mart and Save A Buck rebate programs will be offered on a first-come, first-served basis until funds are depleted or until May 31, 2010, whichever comes first.
Water Authority board approves capital financing plan for water reliability projects
Taking the next critical step towards water supply diversity and reliability today, the San Diego County Water Authority board of directors approved a long-range financial plan for its Capital Improvement Program. The plan details the revenue necessary to effectively finance regional seawater desalination and water treatment facilities and additional local water storage capacity from fiscal 2005 through 2016.
Water Authority Board Approves $1.65 Billion Budget for Fiscal Years 2010 and 2011
The San Diego County Water Authority Board of Directors today approved a $1.65 billion, two-year budget to fund water purchases, debt service, capital improvements and Water Authority operations from July 1, 2009 through June 30, 2011.
Water Authority to Order Water Transfer to Help Reduce Shortage
To lessen the impact of water supply reductions on the San Diego region, the San Diego County Water Authority’s Board of Directors today authorized the general manager to acquire up to 20,000 acre-feet of water under an existing one-year transfer agreement with the Placer County Water Agency (PCWA), in Northern California.