Environmental Leadership in Carpinteria Since 1928

The District has been repeatedly recognized by the Government Finance Officers Association (GFOA) and awarded the Certificate of Excellence in Financial Reporting each year since 2010. This prestigious award is conveyed to those agencies who meet very specific criteria for financial auditing, transparency and fiscal management.

Certificate of Excellence in Financial Reporting (PDF)


Budget

Each year the District prepares a detailed operating budget covering the fiscal period between July 1st and June 30th. This document includes comprehensive revenue projections and summarizes the anticipated operating and capital expenditures for the year. The budget is reviewed and approved by the District Board of Directors following a public review process.

Fiscal Year 2017/2018 

Fiscal Year 2016/2017 
Fiscal Year 2015/2016 
Fiscal Year 2014/2015 
Fiscal Year 2013/2014
Fiscal Year 2012/2013


Financial Audits

Annually, the District engages an independent firm to prepare and audit the financial statements of the agency in accordance with Federal Government Auditing Standards. The audited financial statements include additional information compiled by District staff to qualify the final document as a Comprehensive Annual Financial Report, or CAFR.

Fiscal Year 2015/2016

Fiscal Year 2014/2015
Fiscal Year 2013/2014
Fiscal Year 2012/2013
Fiscal Year 2011/2012
Fiscal Year 2010/2011


Outstanding Bond Debt

In November 2012 the District completed a successful municipal bond sale. Approximately $11.3 million in existing debt was refinanced in this transaction, taking advantage of historically low bond interest rates. The original revenue bonds were issued to pay for a major treatment plant upgrade in the early 1990’s and the 2025 maturity date was not extended. Concurrent with the refinancing, the District issued $4.5M in new long term bond debt to partially fund another significant capital project. The District’s AA- S&P rating, and good market timing, allowed us to realize and effective borrowing rate of just under 2.6%.  Additional information is available at the following links:

2012 Wastewater Revenue Bonds – Continuing Disclosure Annual Report for FY Ended June 30, 2016

2012 Wastewater Revenue Bonds – Official Statement

 


State Controller’s Office Reports

The District provides a report to the State Controller’s Office each year with detailed information on the compensation provided to each of its 17 employees and its 5 Board members. Compensation data for the District and local governmental agencies across the State can be viewed on the Government Compensation in California website.

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