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Finance

Other Financial Documents
 

FY 2016-17 Water Rates and Charges (Click Here for Enlarged Document)


West Basin Municipal Water District's Board of Directors adheres to strong fiduciary responsbilities. Annually, the financial policies are reviewed and we seek input from our external financial advisors and legal team to ensure West Basin adheres to the latest changes in regulations and best practices. The most current versions of the policies can be found below: 

Debt Management Policy

Designated Funds Policy

Disclosure Procedures

Investment Policy

Small and Community Bank Investment Program Policy

Standby Charge Policy

Swap Policy

OTHER POLICIES

Additionally, West Basin's Board of Directors allocated more than $3.7 million to eliminate West Basin's financial obligation to fund "Other Post-Employment Benefits" (OPEB) for retirement, health and dental benefits.

STANDBY CHARGE

The Standby Charge is considered each year at a public hearing. Originally adopted in 1991 to support the development of new, local water supplies, the Standby Charge continues to pay for West Basin's continually growing, world-class recycled water program. To date, West Basin has produced more than 130 billion gallons of recycled water to offset importing water, diversify local supplies, and provide environmental benefits for Santa Monica Bay. Download the Standby Charge Fact Sheet here.

Notice of Public Hearing of the Standby Charge Program 

CERTIFICATES

IRMA Certificate


CATALOG OF ENTERPRISE SYSTEMS FOR SENATE BILL 272

Approved on October 11, 2015, adds a section to the California Public Records Act requiring local agencies to create a "Catalog of Enterprise Systems" by July 1, 2016 with annual updates.

Enterprise System

A software application or computer system that collects, stores, exchanges and analyzes information that the agency uses that is both of the following:

  • A multi-departmental system or a system that contains information collected about the public.
  • A system that serves as an original source of data within an agency.

Requirements

  • Create a catalog of enterprise systems, containing:
    1. Current system vendor
    2. Current system product
    3. System's purpose
    4. General description of categories or modules or type of data
    5. The department/division that is the prime custodian of the data
    6. The frequency that system data is collected
    7. The frequency that system data is updated
  • To make the catalog publicly available upon request
  • To post the catalog in a prominent location on the agency's website

Click here to view the Enterprise System Catalog


Comprehensive Annual Financial Report FY 2016

Click here to view full document