IRWD Supports Transparent Government, Files Compensation Report

Contact: Shannon Reed, Public Affairs Managerreeds@irwd.com<;/a>, (949) 453-5500

The Irvine Ranch Water District has submitted compensation information to the California State Controller’s Office Local Government Salary and Compensation Report. This report is designed to enhance government transparency by providing consistent and comparable data for special district public compensation.

“We believe in our customers’ right to expect transparent government and easy access to informatio... Continue Reading »

Careful and Prudent Financial Planning Give IRWD Customers Low Rates

The comment by the Orange County Grand Jury in the April 27, 2012 report on Special Districts characterizing the Irvine Ranch Water District  “Cash and Investments”  as unrestricted is misleading. The Orange County Grand Jury states that that IRWD’s “Cash and Investments” of $225 million can be considered unrestricted reserves and then provides no basis for this assertion.  This contradicts IRWD’s audited financial statements w... Continue Reading »

Watchdog columnist Teri Sforza's explanation of retained earnings in her Nov. 22 blog post entry "Special districts have nest eggs" was both inaccurate and misleading. She incorrectly implies through a mischaracterization of the term "retained earnings" that Irvine Ranch Water District (IRWD) is sitting on an accumulated cash "nest egg" of over $1.2 billion.

Contact Shannon Reed, Public Affairs Managerreeds@irwd.com, (949) 453-5500

 

Orange County Register Watchdog columnist Teri Sforza's ex... Continue Reading »

Contact: Shannon Reed, Public Affairs Managerreeds@irwd.com, (949) 453-5500

The Orange County Register recently posted an article based on the Orange County Grand Jury April 2012 report that suggests that public agencies such as the Irvine Ranch Water District should raise customer rates by forgoing use of local one percent property taxes. We thought we would take this opportunity to explain to our customers how these  property taxes help keep your water rates among the lowest in Orange County.

... Continue Reading »

The Orange County Register recently posted an article suggesting that public agencies such as the Irvine Ranch Water District should raise customer rates by forgoing use of local one percent property taxes. We thought we would take this opportunity to explain to our customers how these  property taxes help keep your water rates among the lowest in Orange County.

IRWD finances the facilities it needs in order to provide water and sewer service to our customers by issuing general obligation bonds, much... Continue Reading »