HomeMy WebLinkAbout2008-02-12 - Finance-Accounting Committee Meeting Agenda PacketHL
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YORBA LINDA WATER DISTRICT
FINANCE - ACCOUNTING COMMITTEE MEETING
Tuesday, February 12, 2008, 4:00 p.m.
4622 Plumosa Drive, Yorba Linda - Tel: (714) 701 - 3020
AGENDA
COMMITTEE: STAFF:
Director William R. Mills, Chair Michael A. Payne, General Manager
Director Michael J. Beverage Ken Vecchiarelli, Asst. Gen Mgr.
Alternate: Director John W. Summerfield Diane Cyganik, Finance Director
Sandi Van Etten, Senior Accountant
INTRODUCTION OF VISITORS AND PUBLIC COMMENTS:
Any individual wishing to address the Committee is requested to identify themselves and state the matter on which
they wish to comment. If the matter is on this agenda, the Committee Chair will recognize the individual for their
comment when the item is considered. No action will be taken on matters not listed on this agenda. Comments are
limited to matters of public interest and matters within the jurisdiction of the Water District. Comments are limited to
five minutes.
ACTION IM` :
This portion agenda is for items where staff presentations and committee discussions are needed
prior to formal committee actions.
Consider a policy on the disposition of unexpected refunds from outside
agencies.
Recommendation: That the Finance-Accounting Committee recommend to
the Board of Directors that Resolution No. 08-01 - A Resolution of the Board
of Directors of the Yorba Linda Water District adopting a policy on the
disposition of unexpected refunds from outside agencies be adopted.
2. Consider a policy on setting forth the policy on the criteria for the Basic Service
Charge component of the Water Rate.
Recommendation: That the Finance-Accounting Committee recommend to
the Board of Directors that Resolution No. 08-02 - A Resolution of the Board
of Directors of the Yorba Linda Water District on setting forth the policy on the
criteria for the Basic Service Charge component of the Water Rate.
DISCUSSION ITEMS:
This portion of the agenda is for matters such as technical presentations, drafts of proposed policies, or similar items
for which staff is seeking the advice and counsel of the Committee Members. This portion of the agenda may also
include items for information only.
3. Investment Report Ending December 31, 2007.
4. Monthly Portfolio Reports Ending January 31, 2008. Report by Keith Khorey,
Wells Capital Management.
5. Report on Issuance of 2008 Certificates of Participation.
6. Review Cash Flows Format.
7. Report on Credit Card issues.
8. Golden State Water Company Water Rates
ADJOURNMENT:
The next Finance-Accounting Committee meeting is scheduled for March 11, 2008 at
4:00 p.m.
Accommodations for the Disabled.
Any person may make a request for a disability-related modification or accommodation needed for that person to be
able to participate in the public meeting by telephoning Michael A. Payne, District Secretary, at 714-701-3020, or
writing to Yorba Linda Water District, P.O. Box 309, Yorba Linda, CA 92885-0309. Requests must specify the
nature of the disability and the type of accommodation requested. A telephone number or other contact information
should be included so the District staff may discuss appropriate arrangements. Persons requesting a disability-
related accommodation should make the request with adequate time before the meeting for the District to provide
the requested accommodation.
-2-
ITEM NO. 1
AGENDA REPORT
Committee Meeting Date: February 12, 2008
To: Finance-Accounting Committee
From: Michael A. Payne, General Manager
Staff Contact: Diane Cyganik, Finance Director
Reviewed by General Counsel: No Budgeted: N/A Total Budget: N/A
Funding Source: Water Operating Fund
CEQA Account No: Job No:
Compliance: N/A Estimated Costs: N/A Dept: Admin
Subject: Resolution No. 08-01
SUMMARY:
The purpose of this Resolution is to affirm the decision of the Board of Directors on December
13, 2007 regarding the disposition of unexpected refund checks.
DISCUSSION:
Attached for the Committee's consideration is Resolution No. 08-01. This resolution sets forth a
policy on refunding all future unexpected checks received from agencies such as the Municipal
Water District of Orange County (MWDOC) or the Metropolitan Water District of Southern
California (Met).
The Resolution sets forth the method of how the refunds will be made in Section No. 1. Section
2 is new to the Committee and Board of Directors. Staff recommends adding this section to
address the issue of the unexpected refund check not being large enough to offset the costs of
staffs' time and programming costs. Based on the number of connections used in the
December 13, 2007 report of 23,387, staff recommends using $0.10 per connection as a base
amount. This would provide approximately $2,400 to cover time and expenses. These funds
would be deposited into the water operating fund, which would be used to offset operating
expenses.
PRIOR RELEVANT BOARD ACTION(S):
The Board of Directors approved a refund of the MWDOC unexpected check to all water
accounts, excluding the fire detector check accounts, on December 13, 2007.
STAFF RECOMMENDATION:
That the Finance-Accounting Committee recommends to the Board of Directors that Resolution
No. 08-01 be adopted.
RESOLUTION NO. 08-01
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
ADOPTING A POLICY ON THE DISPOSITION OF UNEXPECTED
REFUNDS FROM OUTSIDE AGENCIES
WHEREAS, the Board of Directors of the Yorba Linda Water District has, from time
to time, received unexpected 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 currently active account at the time of the refund, excluding fire
detector check accounts; and
WHEREAS, the Board of Directors has approved several refund credits in the past to
currently active accounts, excluding fire detector check accounts, with
the latest refund credit being approved on December 13, 2007; and
WHEREAS, the latest unexpected check was received from the Municipal Water
District of Orange County in an amount of $187,344.83; and
WHEREAS, On December 13, 2007, the Board of Directors approved and authorized
the General Manager to issue a one time refund credit of $8.01 to all
currently active accounts, excluding fire detector check accounts.
NOW THEREFORE BE IT RESOLVED by the Board of Directors of the Yorba Linda
Water District that the adoption of this Resolution hereby authorizes the General
Manager to process all future unexpected refund check(s) in the following prescribed
manner:
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, on a
date specific selected by the General Manager.
Section 2. The refund shall be made as a one (1) time credit. The refunds will be
processed on the water billing cycle established by the District.
Section 3. If the water bill with the credit is returned by the U.S. Post Office for any
reason, those refund credits will be applied to the water operating
account.
Section 4. If the unexpected refund amounts to $0.10 or less on the customers
accounts, the General Manager shall deposit the entire check into the
water operating fund to offset the programming and administrative costs.
Section 5. Resolution No. 08-01 becomes effective from this date forward.
PASSED AND ADOPTED this 28th day of February, 2008, by the following called vote:
AYES:
NOES:
ABSENT:
ABSTAIN
ATTEST:
John Summerfield, President
Michael A. Payne, Secretary
ITEM NO. :4
AGENDA REPORT
Committee Meeting Date: February 12, 2008
To: Finance-Accounting Committee
From: Michael A. Payne, General Manager
Staff Contact: Diane Cyganik, Finance Director
Reviewed by General Counsel: No Budgeted: N/A Total Budget: N/A
Funding Source: Water Operating Fund
CEQA Account No: Job No:
Compliance: N/A Estimated Costs: N/A Dept: Admin
Subject: Resolution No. 08-02
SUMMARY:
On December 13, 2007, the Board of Directors approved new water rates. The basic service
charge component was approved using the formula of 21% of the fixed supplies, services,
salaries and benefits of personnel costs identified in the adopted budget.
DISCUSSION:
Attached for the Committee's consideration is Resolution No. 08-02. This resolution affirms and
sets forth the formula for setting the future basic service charge component of water rate
adjustments.
Section 1. The basic service charge component of the water rate shall be calculated based
on 21% of the fixed supplies, services, salaries and benefits of personnel costs
identified in the adopted budget.
Section 2. The basic service charge component of the water rate shall remain unchanged if
the proposed water rate increase is made for the sole purpose of funding capital
improvement projects.
PRIOR RELEVANT BOARD ACTION(S):
The Board of Directors approved new water rates on December 13, 2007.
STAFF RECOMMENDATION:
That the Finance-Accounting Committee recommend to the Board of Directors that Resolution
No. 08-02 be adopted.
RESOLUTION NO. 08-02
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
ON SETTING FORTH THE POLICY ON THE
CRITERIA USED FOR DETERMINING THE BASIC SERVICE CHARGE
COMPONENT OF THE WATER RATE
WHEREAS, pursuant to Water Code Section 31007, the Board of Directors of the
Yorba Linda Water District ("District") is required to set water rates at a
level which will pay for the provision of water services including
depreciation and other overhead; and
WHEREAS, the Board of Directors has adopted Rules and Regulations for the
District which set water rates and categories;
WHEREAS, as of this year, the rate increase here is subject to the substantive and
procedural requirements of Proposition 218 (California Constitution Art.
XI II D) and meets all such requirements; and
WHEREAS, the notice identified the property receiving the water service; explained
the maximum rate proposed; explained the reason for the increase and
the way in which it was calculated (including but not limited to the pass
through of rates from the five energy and water providers) and gave
notice of a public hearing on such increase; and
WHEREAS, as explained in the notice, the District made available at the District
office the Water Rate Report, which explains the rate structure and
proposed increase in greater detail; and
WHEREAS, as explained in the Notice and the Water Rate Report, the rate increase
is not being used for a general governmental purpose but to pay for the
costs of water service actually provided to the property as those are
identified in the Notice (including but not limited to certain capital
improvements and replacements necessary for delivery of water to
customers and properties within the District; and
WHEREAS, the revenues from water rates do not exceed the amount required to
provide such service and are equivalent to the amount of service
received; and
WHEREAS, the revenues collected from water rates have been and will be used only
to pay for the water services for which they were collected; and
WHEREAS, the Board of Directors of the District has, from time to time, adopted
Resolutions to change the water rates provided by the District; and
WHEREAS, the Board of Directors of the District has, from time to time, approved a
basic service charge component of the water rate; and
WHEREAS, On December 13, 2007, the Board of Directors adjusted the basic
service charge component of the water rate using the formula of 21 % of
the fixed supplies, services, salaries and benefits of personnel cost
identified in the adopted budget.
NOW THEREFORE BE IT RESOLVED by the Board of Directors of the Yorba Linda
Water District that the adoption of this Resolution hereby sets forth the formula for
setting the basic service charge component of future water rate adjustments in the
following prescribed manner:
Section 1. The basic service charge component of the water rate shall be
calculated based on 21 % of the fixed supplies, services, salaries and
benefits of personnel costs.
Section 2. The basic service charge component of the water rate shall remain
unchanged if the proposed water rate increase is made for the sole
purpose of funding capital improvement projects.
Section 3. Resolution No. 08-02 becomes effective from this date forward.
PASSED AND ADOPTED this 28th day of February, 2008, by the following called vote:
AYES:
NOES:
ABSENT:
ABSTAIN
John Summerfield, President
ATTEST:
Secretary, Michael A. Payne
Yorba Linda Water District
ITEM NO. 3
AGENDA REPORT
Committee Meeting Date: February 12, 2008
To: Finance-Accounting Committee
From: Michael A. Payne, General Manager
Staff Contact: Diane Cyganik, Finance Director
Sandi Van Etten, Senior Accountant
Reviewed by General Counsel: N/A Budgeted:
Funding Source:
CEQA Account No:
Compliance: N/A Estimated Costs:
Subject: Investment Report for December 2007
N/A Total Budget: N/A
N/A
Job No:
N/A Dept:
SUMMARY:
Government Code Section 53607, et, seq., requires the person delegated to invest funds to
make a quarterly report of the investments to the legislative body.
DISCUSSION:
I am submitting the December 2007 monthly investment report for your information. I will submit
a formal report of the investments for Board action for the quarter ending December 31, 2007
upon approval of the Investment Report.
Below is a chart summarizing the yields as well as terms and maturities for the month of
December 2007:
Avg.
Avg. Portfolio
Portfolio
# of
Avg. Term
Month Yield With Out
Yield With
Days to
of
Portfolio in
of 2007 Wells Capital
Wells Capital
Maturity
Days
December 3.70%
4.59%
123
52
The interest earned in the month of December 2007 is $111,970. The total interest received as
of December 31, 2007 for fiscal year 2007/2008 is $717,428. The investment interest
comparison is listed below:
Investment Summary Comparison
Actual for the Month of 12/31/06 12/31/07
Monthly Interest $ 126,342 $ 111,970
Year-to-Date $ 753,114 $ 717,428
Fiscal Year 2006/2007 2007/2008
Interest Budget $333,470 $86,000
Interest earned on investments is recorded in the Fund that owns the investment. The
distribution of investments in the portfolio both in dollars and as a percentage of the total
portfolio by funds is as follows:
Fund Description
Annexation Fees
Water Fund
Revenue Fund
Sewer Fund
Imp. Dist. No. 1
Imp. Dist. No. 2
As of 12/31/07
$ 14,414,320
47.04%
-1,305,401
-4.26%
2,080,168
6.79%
1,216,713
3.97%
4,633,822
15.12%
9.604.303
31.34%
$30,643,925
100.00%
PRIOR RELEVANT BOARD ACTION(S):
These reports are presented to the Finance-Accounting Committee on a regular basis. Quarterly
Investment Reports are presented to the Board of Directors.
STAFF RECOMMENDATION:
That the Finance-Accounting Committee receive and file the report.
Yorba Linda Water District
Investment Portfolio Report
December 31, 2007
Market
Value Cost
Certificates of Deposit:
$ 100,000 100,000
$ 100,000 $ 100,000
Cash & Checkine Accounts:
$ 1,025,853 $ 1,025,853
1,200 1,200
$ 1,027,053 $ 1,027,053
Monev Market Accounts:
$ 1,221,848 $ 1,221,848
351,128 351,128
$ 1,572,976 $ 1,572,976
$ 2,700,029 $ 2,700,029
% Institution
Pacific Western
0.33% Total Certificates of Deposit
Wells Fargo Bank
Itnprest Cash
3.36% Total
Wells Fargo Money Market
Wells Fargo MM/Annexation
5.15% Total
8.84% Sub-total
Percent Investment Maturity
Yield Date Date
4.05% 02/04/05 02/04/08
4.05%
N/A
0.00%
1.99% N/A
1.99%
1.99%
1.31%
Ore Co Commingled Investment Pool:
$ 130,985 $ 130,985 0.43% Orange County Commingled Fund 5.12%
California Arbitraee M--mt. Proeram:
$ 6,476,622 $ 6,476,622 21.22% California Arbitrage Mgmt. Program 4.82%
Money Market Account:
$ 2,080,168 $ 2,080,168 6.81 % US Bank/Revenue Bond
$ 11,387,804 $ 11,387,804 37.30% Sub Total Investments
Individual Manaeement Account:
N/A
N/A
3.20% N/A
3.70%
$ 19,129,721
$ 19,138,478
62.70% Wells Capital Management
5.12% N/A
$ 30,517,525
$ 30,526,282
100% Total Investments
4.59%
Per Government Code requirements, the Investment Report is in compliance with the Yorba Water District's
Investment Policy and there are adequate funds available to meet budgeted and actual expenditures for the
six months.
Sandi Van Etten, Senior Accountant
12/31/07
ITEM NO.
Account Overview
Yorba Linda Water District
Funding Date: 10/25/2005
Portfolio Statistics as of: 1/31/2008
Account Characteristics:
Portfolio Yield to Maturity 4.33%
Total Unrealized Gains/(Losses) - Current: 4,869
Total Net Realized Gains/(Losses) - Since Inception: 496
Total Long-Term Investments: -
Total Short Duration Investments/Money Market Secs: 18,512,124
Total Market Value: 18,512,124
Total Number of Issues in the Portfolio: 12
MARKET DATA
Overnight Fed Funds Rate: 3.00%
6-Month T-Bill Yield: 2.06%
12-Month '1'-Note Yield: 2.08%
WELLS CAPITAL MANAGEMENT
Portfolio Summary Report
1 "orba Linda Water District
For the period : 01/01/08 to 01/31/08 18611500
Portfolio Characteristics
Market Value:
Unrealized G /L:
Yield To Maturity:
Portfolio Duration:
Avg. Days to Maturity:
Avg. Portfolio Credit Quality:
Market Data
Yields:
6 Month Treasury Bill:
2 Year Treasury Note:
5 Year Treasury Note:
Fed Funds Target:
Credit Quality"
P1 /M►G1/VMIG1 /A -1
Aaa /AAA
Aa /AA
A/A
Baa /BBB
Other
Cash /Overnights
Not Rated
01/31/08
Portfolio Breakdown
18, 512,124.06
3.39%
4,868.87
Agency Discount Note
2.76%
Commercial Paper
4.33%
Corporate Obligation
0.08 Years
Gov Agncy Obligation
Money Market Fund
68
Pending_Cash
Aa 1
Total
01/31/08
12/31/07
2.05%
3.39%
2.09%
3.05%
2.76%
3.44%
3.00%
4.25%
4.8%
26.7%
13.2%
10.5%
0.0%
0.0%
44.8%
0.0%
100.0%
Effective Maturity Distribution
0.45
0.40
0.35
0.30
0.25
0.20
0.15
0.10
Moody's Ratings - Primary 0.05
S &P Ratings - Secondary
Fitch Ratings - Tertiary o.00
o/n 2 to 90 91 to 180
The above information is an estimate of certain investment calculations and does not represent your audited statement of record.
Market Value
% of Account
1,435,065.00
7.75%
895,180.50
4.84%
4,384,143.30
23.68%
3, 504, 375.00
18.93%
8,293,360.23
1 -
44.80%
n -,
18,512,124.06 100.00%
181 to 1 year 1 to 2 years > 2 years
YORBA LINDA WATER DISTRICT
Statement of Cash Flows/Earnings for January 2008
I - Beginning Period Balances
Total Original Cost
+ Net Amort/Accr to Date
=Adjusted Book Value:
+ Accrued Interest Receivable
+ Unrealized Gain/(Loss)
= Total Market Value Plus Accrued Interest
II: Period Income Earned
+ Ending Accrual
- Begininning Accrual
+ Interest Received
- Interest Paid at Purchase
+ Interest Received at Sale
= Interest Earned in Period
+ (Amort)/Accr This Period
= Monthly Portfolio Income
+ Contributions
- Withdrawals
+ Realized Gain/(Loss)
- Fees Paid This Period
- Prior Period Unrealized Gain/Loss
+ End Of Period Unrealized Gain/Loss
+ Net Receipts/Deliveries in Kind
+ Adjustments
= Net Change to the Portfolio
=Total Market Value Plus Accrued
Interest
III: End of Period Balances
Total Original Cost
+ Net Amort/Accr to Date
= Adjusted Book Value
+ Accrued Interest Receivable
+ Unrealized Gain/(Loss)
='rota) Market Value Plus Accrued
Interest
Reconciliation Difference:
As of 12/31/2007
19,075,493
62,985
19,138,478
126,399
(8,757)
19,256,120
132,298
(126,399)
61,479
67,3791
10,483
$ 77,862
(700,000)
(3,185)
(8,757)
4,869
0.00
0.00
(679,076)
18,644,422
As of 12/31/2007
18,433,787
73,469
18,507,255
132,298
4,869
18,644,422
Wells Capital Management
Holdings Report Yorba Linda Water District
Securities Held as of: 1/31/08 on a Trade Date Basis 18611500
Identifier Credit Ratings Par Value Security Description Coupon Final Effective Days Duration Market Price Market Market Value Holdings as YTM at
Maturity Maturity to Eff Value + Accrued Percentage of Purchase
Maturity Interest Account or Reset
Moody's S &P Fitch
I. Cash & Cash Equivalents (Original maturity of 90 days or less)
Cash
U.S. DOLLARS (0) PENDING CASH
(0) (0) 0.00% 0.00
(0) 0 0.00 0 0 0.00% 0.00%
Money Mkt Securities
Agency Discount Note
Commercial Paper
Money Market Fund
VP7000038
8,293,360 WF ADV MONEY MKT TR #645
3.671
0.06
02/01/08
1
0.00
100.000
8,293360
8,326,826
44.80%
3.67%
Cash & Cash Equivalents Total
8,293,360
18.93%
5.29%
Money Mkt Securities
1
0.00
8,293.360
8,326,826
44.80%
3.67%
II. Marketable Securities (Original maturity
greater than 90 days)
31358BYRO AGY AGY AGY
1,450,000 FNMA
0.000 06/27/08 06/27/08 148
0.40
11A: Short Term Securities (Remaining maturity of less than 365 days)
1,435,065
7.75%
5.26%
Commercial Paper
Corporate Securities
50285LD43 Pl A -1 F -1
900,000 LAFAYETTE ASSET
0.000 04/04/08 04/04/08 64
0.17
99.465 895,181
895,181
4.84%
5.43%
2.350,000
116
Corporate Obligation
2,330,246
2,330,246
12.59%
5.33%
Short Term Securities Total
10,250,000
123
0.15
10,218,764
10,317,596
55.20%
073902HB7 A2 A A+
400,000 BEAR STEARNS CO INC
3.456
04/29/08
04 /29/08
89
0.24
99.372
397,487
397,602
2.15%
3.46%
38141EKG3 Aa3 AA- AA-
700,000 GOLDMAN SACHS GROUP INC
3.406
07/29/08
07/29/08
180
0.24
99.879
699,152
699,350
3.78%
3.41%
40429CCU4 Aa3 AA- AA-
400,000 HSBC FINANCE CORPORATION
5.824
09/15/08
09/15/08
228
0.12
99.750
398,999
401,976
2.16%
5.82%
52517PJ28 Al A+ AA-
400,000 LEHMAN BROTHERS HOLDINGS
5.092
05/29/08
05/29/08
119
O.D8
99.732
398,929
402,550
2.15%
5.09%
59018YVZ1 Al A+ A+
700,000 MERRILL LYNCH & CO
5.105
08/22/08
08/22/08
204
0.03
99.222
694,551
701,499
3.75%
5.11%
617446A82 Aa3 A+ AA-
650,000 MORGAN STANLEY
3.974
11/21/08
11/21/08
295
0.06
99.357
645,820
646,537
3.49%
3.97%
7591EPAB6 Al A A+
450,000 REGIONS FINANCIAL CORPORA-
4.978
08/08/08
08/08/08
190
0.02
99.867
449,403
454,691
2.43%
4.98%
929903AO5 Aa3 AA- AA-
700,000 WACHOVIA CORP
3.301
10/28/08
10/28/08
271
0.24
99.972
699,803
699,932
3.78%
3.30%
4,400,000
207
0.13
4,384,143
4,404,138
23.68%
4.28%
Govt Securities
Gov Agncy Obligation
31359MH71 AGY AGY AGY
3,500,000 FNMA
5.100 02/22/08 02/22/08 22
0.06
100.125 3,504,375
3,583,213
18.93%
5.29%
3,500,000
22
0.06
3,504,375
3,583,213
18.93%
5.29%
Money Mkt Securities
Agency Discount Note
31358BYRO AGY AGY AGY
1,450,000 FNMA
0.000 06/27/08 06/27/08 148
0.40
98.970 1,435,065
1,435,065
7.75%
5.26%
Commercial Paper
50285LD43 Pl A -1 F -1
900,000 LAFAYETTE ASSET
0.000 04/04/08 04/04/08 64
0.17
99.465 895,181
895,181
4.84%
5.43%
2.350,000
116
0.31
2,330,246
2,330,246
12.59%
5.33%
Short Term Securities Total
10,250,000
123
0.15
10,218,764
10,317,596
55.20%
4.87%
IIB: Long -Term Securities (Remaining maturity greater than 365 days)
Corporate Securities
Corporate Obligation
The above information is an estimate of certain investment calculations and does not represent your audited statement of record. Page: 1 of 2
Holdings Report
Securities Held as of. 1/31/08 on a Trade Date Basis
Identifier Credit Ratings Par Value
Moody's S &P Fitch
Long Term Securities Total 0
Marketable Securities Total 10,250,000
18,543,360
Security Description Coupon Final Effective Days
Maturity Maturity to Eff
Maturity
0
123
68
The above information is an estimate of certain investment calculations and does not represent your audited statement of record.
Yorba Linda Water District
18611500
Duration Market Price
Market
Market Value
Holdings as
YTM at
Value
+ Accrued
Percentage of
Purchase
Interest
Account
or Reset
0.00
0
0
0.00%
0.00%
0.15
10,218,764
10,317,596
55.20%
4.87%
0.08
18,512,124
18,644,422
100.00%
4.33%
Page: 2 of 2
Engineering Department
Major Capital Projects Detail
i fteloper)
Estimate of Cost
Capital Outla
Jul lAuglSepl Oct I Novi Decl
Jan
I Feb
I Mar
I Apr
I May
Jun
I Totals
Engineering
$1,343,000
$1,279,000
$1,679,000
$2,152,000
$1,546,000
$1,546,000
$9,545,000
Finance
$165,900
$227,228
$180,920
$231,250
$16,000
$0
$821,298
Operations
$0
$0
$20,000
$174,000
$310,000
$150,000
$654,00
IS & GIS
$12,000
$23,000
$26,000
$23,000
$22,000
$22,000
$128,000
SCADA
$30,150
$25,400
$18,900
$17,250
$15,000
$14,750
$121,450
dmin
$0
$0
District Payroll
$0
so
Monthly Totals
$0 $0 $0 $0 $0 $0 $1,551,050 $1,554,628 $1,924,820 $2,597,500 $1,909,000 $1,732,7501
$11,269,748
Actual Cost
2/8/2008
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2/8/2008
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ITEM NO.
GOLDEN STATE WATER COMPANY Revised Cal. P.U.C. Sheet No. 5124-W
630 E. FOOTHILL BLVD. - P. O. BOX 9016
SAN DIMAS, CALIFORNIA 91773-9016 Canceling Orioinal Cal. P.U.C. Sheet No. 5108-W
Schedule No. R3-1
Reoion 3 Customer Service Areas
GENERAL METERED SERVICE
APPLICABILITY
Applicable to all general metered water service.
TERRITORY
Barstow and vicinity, San Bernardino County, the City of Claremont, portions of Montclair, Pomona, Upland, within
the area north of Thompson Creek and the Padua Hills Service Area, and adjacent unincorporated territory in Los
Angeles and San Bernardino Counties, the City of Calipatria and community of Niland, and the adjacent territory in
Imperial County, the vicinity of Victorville and Lucerne, San Bernardino County, all or Rortions of the Cities of
Cypress, La Palma, Los Alamitos,~lacentia)Seal Beach, Stanto Yorba-Linda and viciniNxowan Heights,
Peacock Hills, Orange County; Sa Dimas, Charter Oak and vicirn , os nge es County; and portions of the
Cities of Arcadia, El Monte, Irwindale, Monrovia, Monterey Park, Rosemead, San Gabriel, Temple City and vicinity,
Los Angeles County.
RATES
Quantity Rate:
For all water delivered, per 100 cu. ft $ 1.8640
Service Charges:
For 518 x 3/4-inch meter
For
3/4-inch meter
For
1-inch meter
For
1 112 inch meter
For
2-inch meter
For
3-inch meter
For
4-inch meter
For
6-inch meter
For
8-inch meter
For
10-inch meter
Per Meter
Per Month
$ 16.10
24.10
40.20
80.40
129.00
241.00
402.00
804.00
1,286.00
1,849.00
The Service Charge is a readiness-to-serve charge applicable to all metered service
and to which is added the charge for water used computed at the Quantity Rate.
SPECIAL CONDITIONS
1. All bills are subject to the reimbursement fee set forth on Schedule No. UF.
(D)
Advice Letter No. 1252-W
ISSUED BY
F. E. WICKS
Date Filed NOV 1 6 26*37
Effective Date JAN - 1 2008
Decision No. 06-01-025 President Resolution No.
GOLDEN STATE WATER COMPANY Revised Cal. P.U.C. Sheet No. 5114-W
630 E. FOOTHILL BLVD. - P. O. BOX 9016
SAN DIMAS, CALIFORNIA 91773-9016 Canceling Revised Cal. P.U.C. Sheet No. 5076-W
Schedule No. R3-OC-3M
Region 3 Orapq Couniv Qpstomer Sefvice Area
METERED IRRIGATION SERVICE
APPLICAE ILITY
Applicable to irrigation service furnished on a metered basis to territory in this schedule.
TERRITORY
The incorporated City of Placentia.
RATES
Quantity Rates:
For all water delivered, per 100 cu. It $ 1.501 (I)
Per Meter
Per Year
Service Charge:
For 2-inch meter $ 244.00 (I)
For 3-inch meter 278.00 (1)
For 4-inch meter 655.00 (1)
For 6-inch meter 884.00 (1)
For 8-inch meter. 1,475.00 (1)
The Service Charge is a readiness-to-serve charge applicable to all metered service and to which is added the
charge for water used computed at the Quantity Rates.
SPECIAL CONDITIONS
1. All bills are subject to the reimbursement fee set forth on Schedule No. UF.
2. The company shall not be required to install new mains to make this service available.
3. The annual service charge will be paid in advance and bills will be computed and rendered monthly
based on the total quantity of water delivered.
4. The customer, when requiring irrigation water, shall notify the Company at least twenty-four
(24) hours in advance, indicating the date and hour for commencement of such service.
5. No customer shall be eligible for service under this schedule unless irrigating five (5) or more
acres of land for citrus or other commercial crops.
6. Service under this schedule is subordinate to all other service schedule offered in this tariff
areas and is subject to interruptions in emergencies or at the Company's discretion. The
Company will not be liable for damage occasioned by interruption of service supplied under
this schedule.
7. The customer will pay, without refund, the actual cost of the irrigation service. The company
will furnish the meter at its expense.
8. As authorized by the California Public Utilities Commission, an amount of $0.02341 per Ccf
is to be added to the Quantity Rate for a period of 12 months, beginning on the effective date)
of Advice Letter 1232-W. This surcharge will recover the undercollection in the CARW Balancing
Account, as of December 31, 2004. This surcharge will expire on December 31, 2007 (T)
Advice Letter No. 1250-W
ISSUED BY
F. E. WICKS
Date Filed aw 6 `UU7
Effective Date NOV 2 1 LC-07
Decision No. 07-11-037 President Resolution No.