Solana Beach water district board approves Fiscal Year 2013 budget

The Santa Fe Irrigation District’s board of directors approved its fiscal year 2012-13 budget following a public hearing at the regular board meeting on June 21.

“This balanced budget demonstrates the district’s ongoing commitment to disciplined financial management and funding of improvements to the water system infrastructure,” said SFID General Manager Michael Bardin, “The district continues to make infrastructure investments, as called for in the District’s Asset Management Master Plan and in SFID’s 10-year Capital Improvement Projects Plan.”

For the upcoming year, expenditures are projected to be $29 million. This total includes $7.7 million for water purchases, $1.3 million for existing debt service payments and $6 million for capital improvement projects. The district anticipates that 40 percent of water needs for the coming year will be met with local water from Lake Hodges. Other than water purchase costs and funding for capital improvement projects, the operating budget does not increase.

“The district is taking a measured and prudent approach by prioritizing capital improvement projects that reduce the risk of more costly future repairs, and improve the efficiency of our operations.” Bardin said.

To view the adopted budget, visit the District’s website at www.sfidwater.org.

— Submitted release

Related posts:

  1. Solana Beach water district board approves budget, 6 percent water rate increase
  2. Solana Beach water district cuts more than $800,000 from budget
  3. Solana Beach: Santa Fe Irrigation District budget workshop on tap
  4. Solana Beach water district board directs staff to plan for 6 percent rate increase
  5. Water rates for Santa Fe Irrigation District to increase in new year

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Posted by Staff on Jun 22, 2012. Filed under News, Solana Beach. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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