Posts

Water District Appoints Ad Hoc Committee to Look at Accounting and Financial Systems

/in , /by /Ramona Sentinelby Julie Gallant

With an eye on improving the Ramona Municipal Water District’s accounting and financial reports, the district’s board of directors unanimously agreed Jan. 12 to appoint a two-person Ad Hoc Financial Reporting Committee, though the committee’s goals and objectives are being debated. The committee is tasked with reviewing and recommending potential changes to the district’s accounting practices and the contents and format of its financial reports, district officials said. The intent is to report the findings and make recommendations if appropriate to the board on Feb. 9.

Full Story
Sweetwater Authority Logo 2019Sweetwater Authority Logo 2019

Sweetwater Authority Recognized as “District of Distinction”

/in , /by

Sweetwater Authority (Authority) received the “District of Distinction” accreditation by the Special District Leadership Foundation (SDLF) for its sound fiscal management policies and practices in district operations. This distinction, a prestigious title, is only possessed by two percent of the more than 4,000 Special Districts.

Download File
Sweetwater Authority Logo 2019Sweetwater Authority Logo 2019

Sweetwater Authority Governing Board and essential employees display dedication to service, community during COVID-19 crisis

/in , /by

Chula Vista, Calif. – In the midst of an unprecedented crisis, Sweetwater Authority (Authority) Board Members and employees have focused all efforts on accomplishing three key goals: provide safe, reliable water; do our part to protect customers from financial impacts of the pandemic; and care for the community we serve.

Download File
Olivenhain Municipal Water District Logo landscape design workshops

OMWD Honored for Transparent Financial Reporting 

/in , /by

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.

 

Download File
Olivenhain Municipal Water District Logo landscape design workshops

OMWD Honored for Government Transparency and Sound Financial Practices

/in , /by

Encinitas, Calif. —The Special District Leadership Foundation recognized Olivenhain Municipal Water District today at California Special Districts Association’s annual conference in Anaheim for a sixth “District of Distinction” biennial accreditation. This recognition celebrates OMWD’s sound fiscal management and commitment to transparency in all areas of its operations.

Download File
Vista Irrigation District Logo

Vista Irrigation District Receives National Award for Financial Reporting

/in , /by

Vista, Calif. – Vista Irrigation District has been presented with the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR) for fiscal year ending June 30, 2018. This certificate is the only national award for public sector financial reporting.

The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government agency and its management team. This marks the twelfth year the district has received recognition for excellence in financial reporting and transparency.

Download File
Olivenhain Municipal Water District Logo landscape design workshops

OMWD Board to Save Property Owners $2.8 million with Bond Refinancing

/in , /by

Encinitas, Calif.— At its July 24 board meeting, OMWD’s board of directors authorized the refinancing of its Reassessment District 96-1 bonds. The deal closed on July 29 and will reduce repayment costs to property owners within OMWD by approximately $2.8 million.

Download File
Otay Water District Logo

Otay Water District Executes Successful Bond Sale

/in , /by

Spring Valley, Calif. – On Oct. 11, the Otay Water District executed a successful bond sale that is expected to close on or about Nov. 1. The water revenue bond will fund $28 million of District’s capital projects during the next three years and will refinance $6.9 million of the District’s 1996 Variable Rate Demand Certificates of Participation (COPs) to a fixed rate of interest. By refinancing its 1996 Variable Rate COPs to a fixed rate, the District has eliminated the risk of increasing costs for customers due to rising interest rates.

Download File