Financials

Financial Transparency

The sections below provide a detailed look at M1W's financial strategies and award-winning financial reports. For a quick look at our financials, click here for our "Budget in Brief," a two-page budget summary. For the most current report for each area listed, use the "CY" links.

Each year an annual Operating and ten-year Capital Budget are adopted for the Fiscal Year (FY) from July 1st through June 30th. These budgets have won awards from the Governmental Finance Officers Association (GFOA) and California Society of Municipal Finance Officers (CSMFO).

The Capital Budget is designed to identify capital expenditures for the next ten years and to plan appropriately for how to complete those projects within projected revenues and staffing capacity. In determining the priority of a proposed project, staff evaluate them for urgency, feasibility, and enhancements towards the community, health, and safety.


The annual Capital Improvement Budget is $69 million and the ten-year plan totals $139 million (excluding $123 million of unfunded projects for future years) which consists of:

Project 10 Year Funded / Unfunded Amounts
Pure Water Monterey $54 million (total $124 million including prior years)
Salinas Stormwater / Wastewater $10 million
Pump Station Rehabilitation $30 million / $7 million unfunded
Plant Infrastructure $29 million / $126 million unfunded
Sewer Outfall / Other $12 million sewer outfall / $4 million other

The Agency develops an annual Comprehensive Annual Financial Report (CAFR), for which it has won awards for excellence from GFOA. The Agency also prepares a Popular Annual Financial Report (PAFR) which is prepared in accordance with standards established by GFOA and is a summary of the CAFR. The CAFR is audited by certified public accountants. These reports contain an overview of M1W and a discussion and analysis of the Agency's financial performance during the previous FY.

Project opportunities with Monterey One Water can be found here. When submitting bids, note that:

  • RFP selection is based on qualifications as established in the proposal.
  • Unless otherwise indicated, pre-proposal meetings are held at the Regional Treatment Plant, 14811 Del Monte Boulevard, Marina, at the date and time noted in the proposal for the project.
  • Bids are publicly opened via the electronic bid management systems
  • Bidders may attend bid openings at M1W Administrative Office, 5 Harris Court, Bldg. D, Monterey, at the date and time noted in the proposal for the project.
  • For additional information, contact the manager noted for the project in the proposal.
EMMA

A summary of M1W's long-term debt along with related disclosures and its debt policy are provided below:

Summary of Debt
Annual Disclosure Report — FY 2017-18
Debt Management Policy
Standard & Poors (S&P) Analysis
EMMA

The Finance Section of the Agency's Website provides general financial information about the Agency and its long-term debt, notes or other obligations. The information is provided for quick reference only and is not an offer to sell or a solicitation of an offer to buy the Agency's bonds. It is not a summary or a compilation of all information relevant to any particular financial transactions, bonds, notes or other obligations. It does not purport to include every item that may be relevant, nor does it purport to present full and fair disclosure with respect to any financial transactions, bonds, notes or other obligations related to the Agency within the meaning of applicable securities laws and regulations. The information presented on this site speaks only as of the date it was posted or, if such information is dated, as of its dated date. Staff does not undertake continuously to update materials posted on this site. Developments may occur after the dated date or posted date of such information on this website may be removed at any time.

The Agency establishes financial policies to provide a framework to prudently manage resources, ensure internal controls, and provide accountability to the public. The Agency has developed the following fiscal policies, all of which are contained here:

  • CIP and Budget Process and Procedures
  • Debt Management
  • Reserves
  • Capital Assets
  • Investments
  • Purchasing
  • Surplus Property

This Report updates the Board and the public on M1W financial matters.

Reports to State Controller
FY 2017-18: Final

Listed below are the Agency's Investment Reports and its investment policy.

EMMA

Click on the links below for more information on the Agency's Compensation and CalPERS Pension Plans:

Pension Terms
Pension Liability Summary
CalPERS Valuation Reports
When searching for the Agency, be sure to use our previous name MRWPCA (Monterey Regional Water Pollution Control Agency)
CalPERS YTD Performance and Investment Allocation
This report is included as part of the "Monthly Update - Performance and Risk" report on the Investment Committee's monthly agenda.
PEPRA
Government Compensation
Monterey One Water provides information on salary and other compensation to the California State Controller's Office for public review. View Monterey One Water employee compensation by scrolling to "Browse the Data," then selecting "Special Districts." In the table search, type "Monterey One Water."

Administrative Offices


We're Here to Help

7:30 a.m. to 5:30 p.m. Monday through Thursday

7:30 a.m. to 5:00 p.m. Fridays

5 Harris Court, Bldg D
Monterey, CA 93940

(831) 372-3367
or (831) 422-1001

or email our Finance Department:
Accounts Payable
Customer Service
Finance

Use this link for additional notes on viewing bookmarks used for navigating PDF files contained in this section. For a free PDF reader, visit Adobe Acrobat here.