HomeMy WebLinkAbout2008-03-27 - Resolution No. 08-01RESOLUTION NO. 08-01
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
ADOPTING A POLICY ON THE DISPOSITION OF
REFUNDS FROM OUTSIDE AGENCIES
WHEREAS, the Board of Directors of the Yorba Linda Water District has, from time
to time, received refunds from water agencies such as the Metropolitan
Water District of Southern California and the Municipal Water District of
Orange County; and
WHEREAS, the Board of Directors of the Yorba Linda Water District has considered
many options on the disposition of the check(s) including: 1) an
immediate return to District customers in the form of a refund; 2) a one-
time refund to each currently active account; 3) a reduction in the water
rate for the next twelve months; 4) a reduction in the water rate for just
the summer months; 5) a return of the funds to the issuing agency with a
request that those funds be applied to offset future invoices; and 6)
deposit of the funds directly into the water operating fund account, and
WHEREAS, the Board of Directors has decided in the past that the fairest, quickest
and least expensive method was to issue a one-time refund credit to
each active account excluding fire detector check accounts at the time
of the refund, and
WHEREAS, on December 13, 2007, the Board of Directors adopted Resolution No.
07-17 approving the pass through of future rate increases from the
Metropolitan Water District of Southern California, the Municipal Water
District of Orange County; the Orange County Water District, Southern
California Edison Company or The Gas Company to the District's
customers at the time of the increase, and
WHEREAS, the Board of Directors desires to also pass through to the District's
customers refunds received from these same agencies.
NOW THEREFORE BE IT RESOLVED by the Board of Directors of the Yorba Linda
Water District that when the District receives a refund from the Metropolitan Water
District of Southern California, the Municipal Water District of Orange County; the
Orange County Water District, Southern California Edison Company or The Gas
Company the refund shall be passed through to the customers in the following method.
Section 1. By taking the total amount of the refund divided by the total number of
active water accounts, excluding the fire detector check accounts, and
applying the refund as a one time credit on a date to be determined by the
General Manager.
Section 2. ReSOlution No. 08-01 becomes effective from this date forward.
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PASSED AND ADOPTED this 27th day of March, 2008, by the following called vote:
AYES. .r --rr t.<.E:s C It cr, t iirm:r*i, l:t
NOES:
ASSENT:
ABSTAIN
ATTEST:
Nfichael A. Payne,
,
Ahn Sum eld,'President