Annual operating and ten-year capital budgets are adopted for each fiscal year – July 1st through June 30th. These budgets have won awards from the Governmental Finance Officers Association and the California Society of Municipal Finance Officers.
Reports
Budget Break-Down
The total budget, including Pure Water Monterey, is $63 million, and consist of:
- 10% - Water Reclamation for Agriculture
- 16% - Capital Projects (Excluding Pure Water Monterey)
- 28% - Pure Water Monterey
- 46% - Wastewater Treatment
Revenue
The $63 million in revenue includes:
- Contributions from Other Agencies
- Grants
- Sale of Water
- Service Charges
- State Loans
Expenses
The $63 million in expenses includes:
- 10% - Debt Service
- 20% - Staffing
- 32% - Capital Program
- 38% - Other Operational Costs
Reserves
The Agency is projected to have $5 million of available reserves at the end of the fiscal year. The Agency conducts a fee study every three years to address its reserve levels and deferred maintenance and ensure its financial stability and stewardship.