Finance Center
IRWD is the ninth largest water district in California with over 116,000 service connections. Yet, despite fluctuations in the economy, IRWD continues to find itself in a strong financial position. This did not happen by accident, but through careful fiscal planning over the course of many years. IRWD uses a long-range planning approach that is similar to a family who regularly puts money aside over time to pay for the eventual cost of their children’s college education. Future planning reduces the need to dramatically increase our customer rates to pay for new infrastructure (pipes, pumps, reservoirs, etc.) or for the inevitable repair and the replacement of these types of facilities as they begin to age.
State law regulates IRWD as to the types of fixed-income securities in which it can invest cash assets. In addition, the Board of Directors annually adopts an investment policy that is generally more restrictive of State codes. It is standard practice at IRWD to maintain an appropriate balance between safety, liquidity and yield of investments while meeting required expenditures in conformance with all applicable State laws, the District’s investment policy, and prudent cash management principles. As of June 30, 2018, the District’s cash and investments totaled approximately $373.2 million. Cash balances are allocated to various funds including the Replacement Fund, New Capital Fund, Construction Fund, Debt Service fund and others.
Public Input and Review |
Rates and charges at IRWD are reviewed and set annually by the IRWD Board of Directors at an open public meeting. After projecting the expected revenues and expenses for the upcoming fiscal year, staff prepares a draft budget for review and comment by the IRWD Board of Directors. Over a three month period, this budget is discussed and revised in a series of public meetings with the IRWD Board of Directors. These meetings are open to the public and participation is encouraged. As the budget is being developed, staff will also develop recommendations for changes in rates and charges for services provided to our customers.Any changes in the rates and charges are typically adopted by the Board in late June and become effective July 1.
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Comprensive Annual Financial Report - CAFR |
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2020 CAFR 2019 CAFR 2018 CAFR 2017 CAFR 2016 CAFR 2015 CAFR 2014 CAFR 2013 CAFR 2012 CAFR 2011 CAFR |
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Operating Budget |
Capital Budget |
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Other Financial Reports - Affliated Entities, Studies & Reports/Escheated Funds
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Bardeen Partners, Inc: FY 2018/19 Form 990 FY 2017/18 Form 990 FY 2016/17 Form 990 FY 2015/16 Form 990 FY 2014/15 Form 990 FY 2013/14 Form 990 FY 2012/13 Form 990 FY 2011/12 Form 990 Escheated Funds: None at this time IRWD Service Corporation: FY 2018/2019 Form 990 FY 2017/2018 Form 990 FY 2016/2017 Form 990 FY 2015/2016 Form 990 FY 2014/2015 Form 990 FY 2013/14 Form 1065 FY 2012/13 Form 1065 FY 2011/12 Form 1065 IRWD Water Service Company II LLC: FY 2015/2016 Form 1065 FY 2014/2015 Form 1065 FY 2013/14 Form 990 FY 2012/13 Form 990 FY 2011/12 Form 990 IRWD Improvement Corporation: FY 2017/2018 Form 990 FY 2016/2017 Form 990 FY 2015/2016 Form 990 FY 2014/2015 Form 990 FY 2013/14 Form 990 FY 2012/13 Form 990 FY 2011/12 Form 990 IRWD Cost of Service Study: June 2015 Independent Auditor's Report on Internal Controls over Financial Reporting: 2020 2019 2018 2017 |
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Finance Contacts |
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