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Expecting to Lose Up to $12 Million, Oxnard Mulls Borrowing from Utilities

The first slide of the Oxnard chief financial officer’s presentation to be given on Tuesday contains this message: “Warning: Estimates subject to change.” No politician, economist or crystal ball can show exactly how deep and how lasting this recession will go. As municipal finance leaders put together a budget for the fiscal year that begins July 1, the best they can do is use projections with limited certainty.

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OMWD Honored for Transparent Financial Reporting 

Receives Award from the Government Finance Officers Association for Twenty-Fourth Consecutive Year

Encinitas, Calif.— Olivenhain Municipal Water District’s Board of Directors accepted at its October 16 meeting the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada. This is the twenty-fourth consecutive year OMWD has received the award, which recognizes OMWD’s Comprehensive Annual Financial Report for the fiscal year ending June 30, 2018.

 

Olivenhain Municipal Water District Logo landscape design workshops

OMWD Honored with Distinguished Budget Award for Eighteenth Consecutive Year

Encinitas, Calif. — At its May 22 meeting, Olivenhain Municipal Water District’s Board of Directors accepted for its 2018-2019 fiscal year budget the Government Finance Officers Association’s Distinguished Budget Presentation Award. This marks the eighteenth consecutive year OMWD has achieved this award.