Water District Expects to Gain Additional $78K Per Month with New Investment Policy

A new investment strategy is expected to boost Ramona Municipal Water District’s income by $78,000 each month, with extra earnings arriving as early as February, officials said.

The water district’s directors unanimously approved updates to the agency’s investment policy at their meeting on Jan. 10. The policy allows staff to open accounts with the California Asset Management Program (CAMP) and the San Diego County Treasurer’s Pooled Money Fund.