Financial Plan

The Financial Plan is one step in the District’s financial management process. It provides a strategic focus on the District’s finances, showing a commitment to sound financial management and stewardship of the rates paid by customers.

The Plan consists of comprehensive 30-year estimates of the District’s operating expenditures, future adjustments in water rates, and issuance of long-term debt. It includes capital improvement project cost estimates, forecasts debt, and looks at reserve balances and cash flow. This information provides the basis needed to determine credit worthiness in addition to providing fiscal accountability and showing where the District needs to be financially to accomplish our goal of providing water in the most fiscally responsible way as possible.

The Financial Plan is the first publication in a biennial series of financial communication tools, along with the Budget and the Comprehensive Annual Financial Report. The District’s Financial Management Policies require the development of a Financial Plan at least every two years. The current plan was approved at the July 19, 2023 Board of Commissioners meeting.