HomeMy WebLinkAboutYorba Linda Water District - Public Financial Report
Contents
Transmittal Letter ..................................................................................................... 3
Structure of the District .......................................................................................... 4
District Profile ............................................................................................................ 5
District-At-A-Glance ................................................................................................ 6
Financial Summary .................................................................................................. 8
Net Position ................................................................................................................. 8
Revenues ......................................................................................................... 9
Expenses ........................................................................................................ 10
Debt Management .................................................................................................. 12
Capital Improvement Projects ............................................................................ 13
Contact Information .............................................................................................. 14
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Structure of the District
RATEPAYERS BOARD OF DIRECTORS
GENERAL MANAGER
ASSISTANT GENERAL MANAGER
ENGINEERING MANAGER
Engineering
Construction Management
Planning
FINANCE MANAGER
Accounting
Customer Service/Billing
HUMAN RESOURCES & RISK MANAGER
Human Resources
Records Management
Risk Management
SR. INFORMATION SYSTEM ADMINISTRATOR
Information Systems
OPERATIONS MANAGER
Water
Production
Water
Maintenance
Mechanical
Maintenance
Sewer
Maintenance
Facilities Maintenance
Safety &
Training
ADMINISTRATION PUBLIC AFFAIRS
RECORDS MANAGEMENT
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District Profile
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District-At-A-Glance
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District Goals and Vision
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Financial Summary
Net Position
As an infrastructure-based organization, the District is heavily invested in capital investments
to maintain and improve its water and sewer systems. Net position offers perspective of the
District’s assets, liabilities, and equity. The information presented below applies to fiscal year
ended on June 30, 2021.
Assets & Deferred Outflows
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Liabilities & Deferred Inflows
Revenues
Sources of Revenue
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Expenses
Types of Expenses
The District is a revenue-neutral public agency. Operating expenses are necessary to provide reliable water
and sewer services to protect public health and the environment with financial integrity and superior customer
service. The District strives to provide fiscal transparency and operational sustainability.
The expense types and allocation for every dollar the District spends on operation and maintenance are:
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Debt Management
In the District’s Debt Management Policy, it states that long-term debt is a source to fund approved and
budgeted capital expenditures. Currently the District has two types of debt, lines of credit (LOC) and
refunding revenue bonds (2012A and 2017A), all are considered long-term.
Public agencies are issued bond ratings (similar to personal credit scores) by investors to determine risk and
fiscal stability. The District has a bond rating of AA with and Outlook Rating of “Positive” by Fitch Ratings,
respectively. These are considered high quality investment grades which will give the District a lower interest
rate on the bonds.
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Capital Improvement Projects
As part of the annual budget process, the Engineering and Operation Managers compile and submit a list of
capital improvement projects for consideration. The projects are prioritized on the needs of the District and
based off of the Asset Management Plan and staff’s knowledge. These projects were the most impactful and
brought the most support to the District’s goals and vision.
ELK MOUNTAIN – NEW GENERATOR
Installed a new natural gas backup generator to ensure reliability
during wildland fires and SoCal Edison shutoffs.
Date completed: March 2021
Project Cost: $532,074
CAMINO VERDE/MICKEL LANE WATERLINE
As part of the District’s continuing Rehabilitation & Replacement
(R&R) Program to replace aging infrastructure, waterline
improvements are planned for Camino Verde, Mickel Lane, Ohio
Avenue, Palm Avenue.
Date completed: March 2021
Project Cost: $656,929
CAMINO DEBYANT RESERVOIR FIRE HARDENING
Adding increased fire protection to reservoirs located in wildfire
interface areas. The improvements will protect assets at the reservoirs
to increase reliability in a wildfire emergency.
Date completed: March 2021
Project Cost: $39,424
WINDOWS 7 UPDATE/REPLACE
Installed the necessary software to all District computers to ensure
compatibility with all existing programs and networks.
Date completed: March 2021
Project Cost: $39,883
SEWER PIPE RELINING & MANHOLE REHABILITATION PROJECT
As part of the District’s continuing Rehabilitation & Replacement
(R&R) Program to replace aging infrastructure, sewer line
rehabilitation is planned for FY20 and FY21. The proposed method is
relining where a new liner is cast and cured in place. This method is
proven to be a cost-effective, technically optimal solution for sewer line
rehabilitation.
Date completed: March 2021
Project Cost: $268,657
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Contact Information
Yorba Linda Water District
www.ylwd.com
1717 E. Miraloma Avenue
Placentia, California 92870
Phone:
Fax:
(714) 701-3000
(714) 701-3108
M-Th.: 7:00AM – 6:00PM
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