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HomeMy WebLinkAboutAgenda Packet - EVWD Board of Directors - 10/11/2017REG ULA R BO A RD MEET IN G C losed Session Begins at 4:30 PM October 11, 2017 - 5:30 P M 31111 Greenspot Road, Highland, C A 92346 AG E N D A "In order to comply with legal requirements for posting of agenda, only those items filed with the District C lerk by 12:00 p.m. on Wednesday prior to the following Wednesday meeting not requiring departmental investigation, will be considered by the Board of Directors". C A LL TO O RD ER RO LL C A LL O F BO A RD MEMBERS P U B L I C C O MME N T S Any person wishing to speak to the Board of Directors is asked to complete a Speaker Card and submit it to the District Clerk prior to the start of the meeting. Each speaker is limited to three (3) minutes, unless waived by the C hairman of the Board. Under the State of C alifornia Brown Act, the Board of Directors is prohibited from discussing or taking action on any item not listed on the posted agenda. T he matter will automatically be referred to staff for an appropriate response or action and may appear on the agenda at a future meeting. AGE N D A - T his agenda contains a brief general description of each item to be considered. Except as otherwise provided by law, no action shall be taken on any item not appearing on the following agenda unless the Board of Directors makes a determination that an emergency exists or that a need to take immediate action on the item came to the attention of the District subsequent to the posting of the agenda. 1.Approval of Agenda REC ESS IN TO C LO SED SESSIO N C L OSE D SE S SI ON 2.C O N FEREN C E WIT H LEG A L C O UN SEL - EXIST IN G LIT IG AT IO N [Government C ode Section 54956.9(d) (1)] Name of C ase: C ity of San Bernardino v. East Valley Water District, et al., San D iego Superior Court C ase No. 37-2016-00038119-C U-WM-C T L 3.C O N FEREN C E WIT H LEG A L C O UN SEL - EXIST IN G LIT IG AT IO N [Government C ode Section 54956.9(d)(1)] Name of Case: C arl F. Kovach v. East Valley Water D istrict, C A SE No. C IVD S 1603176 4.C O N FEREN C E WIT H LEG A L C O UN SEL - A N T IC IPAT ED LIT IG AT IO N Initiation of litigation pursuant to Government C ode Section 54956.9(d)(4) One Potential C ase 5:30 P M RE C ON VE N E ME E T I N G PLED G E O F A LLEG IA N C E RO LL C A LL O F BO A RD MEMBERS A N N O UN C EMEN T O F C LO S ED S ESS IO N A C T IO N S IT EMS PRESEN TAT IO N S A N D C EREMO N IA L IT EMS • Introduction of N ewly Hired Employee: Roxana Morales, Public Affairs Representative P U B L I C C OMME N T S 5.AP P RO VAL O F C ON SE N T C AL E N D AR All matters listed under the C onsent C alendar are considered by the Board of Directors to be routine and will be enacted in one motion. T here will be no discussion of these items prior to the time the board considers the motion unless members of the board, the administrative staff, or the public request specific items to be discussed and/or removed from the C onsent C alendar. a.September 13, 2017 regular meeting minutes b.Directors' fees and expenses for September 2017 D I SC U SSI O N AN D P OS SI B L E AC T I O N I T E MS 6.Review and Approve D raft C omprehensive Annual Financial Report for Year Ended J une 30, 2017 7.Review and Approve the Updated Purchasing/Procurement Policy 7.1 8.Adopt Resolution 2017.15 - Imagine a Day Without Water 9.Approve recommendations by staff regarding Water Quality Update RE P O RT S 10.Board of Directors' Reports 11.General Manager/C EO Report 12.Legal C ounsel Report 13.Board of Directors' Comments AD J O U RN P LEAS E NO T E: Materials related to an item on this agenda s ub mitted to the Board after dis trib utio n of the agend a pac ket are available for p ublic ins p ectio n in the Dis tric t's o ffice lo cated at 31111 G reens pot R d., Highland, during no rmal b usines s hours . Also, s uc h d o cuments are available o n the Dis tric t's web s ite at www.eas tvalley.o rg sub ject to s taff's ab ility to post the d o cuments b efo re the meeting. P urs uant to G overnment C o d e S ec tion 54954.2(a), any reques t fo r a d is ab ility-related mo dific ation or ac commod ation, inc luding auxiliary aids or s ervic es , that is s ought in order to participate in the abo ve- agendized p ublic meeting s hould b e d irected to the Dis tric t C lerk at (909) 885-4900 at leas t 72 hours prior to said meeting. 1 Minutes 9/13/2017 smg Draft Pending Approval EAST VALLEY WATER DISTRICT September 13, 2017 REGULAR BOARD MEETING MINUTES The Chairman of the Board called the meeting to order at 4:30 p.m. PRESENT: Directors: Carrillo, Coats, Morales, Shelton, Smith ABSENT: None STAFF: John Mura, General Manager/CEO; Brian Tompkins, Chief Financial Officer; Kelly Malloy; Public Affairs/Conservation Manager; Justine Hendricksen, District Clerk; Shayla Gerber, Administrative Assistant LEGAL COUNSEL: Jean Cihigoyenetche GUEST(s): Members of the public PUBLIC COMMENTS Chairman Coats declared the public participation section of the meeting open at 4:31 p.m. There being no written or verbal comments, the public participation section was closed. APPROVAL OF AGENDA M/S/C (Shelton-Smith) that the September 13, 2017 agenda be approved as submitted. CLOSED SESSION The Board entered into Closed Session at 4:31 p.m. as provided in the Ralph M. Brown Act Government Code Section 54956.9(d)(1) and 54956.9(d)(4) to discuss the item(s) listed on the agenda. THE BOARD RECONVENED THE MEETING AT 5:30 P.M. Mr. Milroy led the flag salute. 2 Minutes 9/13/2017 smg ROLL CALL PRESENT: Directors: Carrillo, Coats, Morales, Shelton, Smith ABSENT: None ANNOUNCEMENT OF CLOSED SESSION ACTIONS With respect to Item #2: No reportable action taken. With respect to Item #3: No reportable action taken. With respect to Item #4: This item was not discussed in closed session. PUBLIC COMMENTS Chairman Coats declared the public participation section of the meeting open at 5 :31 p.m. There being no written or verbal comments, the public participation section was closed. APPROVE THE AUGUST 9, 2017 REGULAR BOARD MEETING MINUTES M/S/C (Smith-Shelton) that the Board approve the August 9, 2017 regular board meeting minutes as submitted. APPROVE THE AUGUST 23, 2017 REGULAR BOARD MEETING MINUTES M/S/C (Smith-Shelton) that the Board approve the August 23, 2017 regular board meeting minutes as submitted. APPROVE THE AUGUST 31, 2017 SPECIAL BOARD MEETING MINUTES M/S/C (Smith-Shelton) that the Board approve the August 31, 2017 special board meeting minutes as submitted. DIRECTORS’ FEES AND EXPENSES FOR AUGUST 2017 M/S/C (Smith-Shelton) that the Board approve the Directors’ fees and expenses for August 2017 as submitted. LEGISLATIVE UPDATE The Public Affairs/Conservation Manager reviewed primary activity to legislative bills that took place over the past few months and the District’s position on each topic: lead in drinking water, two potential water bonds, low income rate assistance, water tax, 3 Minutes 9/13/2017 smg and water conservation; she stated that there are a number of different topics that the District is actively engaged in; that there was a change in strategies to be more involved in proactive workgroups; she stated that the Legislative Update was previously presented to the Community Advisory Commission and the Legislative & Public Affairs Committee; and the deadline for the Senate to move items is September 15, 2017. Staff will review the Legislative Platform this winter so the Board has clear direction moving forward and where the District stands in regard to new legislation. Director Morales commended staff of moving forward on the Legislative Platform. Vice Chairman Carrillo commended the Public Affairs/Conservation Manager and staff for their hard work and information on new legislation. Chairman Coats thanked the Public Affairs/Conservation Manager and the District’s Advocacy group for actively monitoring new legislative bills. Information only. ADOPTION OF THE UPDATED FACILITY USE FEES FOR THE HEADQUARTERS FACILITY USE POLICY The Public Affairs/Conservation Manager reviewed revisions made to the Facility Use Policy; she stated that the draft policy revisions were already taken to the Community Advisory Commission and the Legislative & Public Affairs Committee; that both groups had valuable input that was incorporated into the policy revisions; she stated that the Facility Use program has been very successful, but has significantly increased wear and tear on the facilities and use of staff; that this led staff to look at the major goal of the program and to determine revisions that were necessary. The Public Affairs and Conservation Manager reviewed major revisions to the policy: if a time slot was available, that it wasn’t necessarily available for rent; the changes made to the criteria of those who may rent the facility; and changes to the alcohol policy. She stated that the revisions would take effect immediately, except for those with current rental agreements. Director Shelton stated that she always receives compliments from those that have attended an event at the District. Director Smith asked for clarification regarding the facility rental only being open to residents/customers of the District. Director Morales stated that he and Vice Chairman Carrillo reviewed the policy and revisions line-by-line; and supported changes made by staff regarding the requirements to rent the facility. Vice Chairman Carrillo reiterated Director Morales’ comments and stated that he is happy with the policy revisions recommended by staff. 4 Minutes 9/13/2017 smg Chairman Coats had questions regarding the transition of the policy to the newly revised policy and expressed that he is glad that it was reevaluated. M/S/C (Morales-Carrillo) that the Board approve the updates to the Facility Use Fees and Policy. BOARD MEETING CANCELLATIONS M/S/C (Morales-Smith) that the Board approve the cancellation of the November 22, 2017 and the December 27, 2017 regularly scheduled board meetings. BOARD OF DIRECTORS’ REPORTS Director Morales reported on the following: On September 1 he met with the East Valley Board of Realtors where he presented a legislative update on the Sterling Natural Resource Center and the legislative arena, and he attended the Legislative & Public Outreach Committee meeting; on September 5 he attended the City of San Bernardino Board of Water Commissioners meeting where he noted that in closed session, the general manager’s leave of absence was on the agenda; and on September 7 he met with the General Manager/CEO to discuss District business. Director Shelton reported that on September 12 she attended the memorial bench dedication at District headquarters. Director Smith reported that on the following: on August 31 he attended a board communication training where social media was the topic; on September 13 he attended the San Bernardino Valley Water Conservation Board meeting where they voted on the slate for the ACWA Region 9 ballot. Vice Chairman Carrillo reported on the following: on August 31 he attended a board communication training where social media was the topic; on September 1 he attended the Legislative & Public Outreach Committee meeting; and on September 7 he reviewed the agenda with the Chairman and General Manager/CEO. Chairman Coats reported on the following: on September 5 he attended the San Bernardino Valley Municipal Water District board meeting where they opposed the MOU for the maintenance of the demonstration garden at California State University San Bernardino (CSUSB). Information only. GENERAL MANAGER/CEO REPORT The General Manager/CEO reported on the following: that September is National Preparedness month and next month, the District will be participating in the Great Shakeout; the District reached out to a number of organizations and agencies offering assistance after Hurricane Harvey, though no mutual aid was requested, it served as a 5 Minutes 9/13/2017 smg great exercise in the District’s responsibilities for future disasters; as part of the Board’s Goals and Objectives, a communication training session was held on August 31. The General Manager/CEO announced that on September 18 he will be meeting with staff to discuss the District’s Strategic Plan; and next week he will be attending WEFTEC conference with Vice Chairman Carrillo, Director Smith and the Director of Engineering and Operations. The General Manager/CEO informed the Board of upcoming events: • September 22 @ 9:00 a.m. – 2X2 Recycled Water Ad-Hoc Committee meeting is canceled • September 25 @ 2:30 p.m. – Engineering & Operations Committee meeting • September 26 @ 3:30 p.m. – Finance & Human Resources Committee meeting Information only. LEGAL COUNSEL REPORT Legal Counsel provided brief information regarding a tax issue that was brought to the California Supreme Court: Cannabis Coalition Vs. City of Upland; he provided insight on how the implications of the court ruling on Prop 218 may affect East Valley Water District. BOARD OF DIRECTORS’ COMMENTS Director Morales expressed that he was moved by the memorial bench dedication. He announced that he attended the City of Highland Economic Update where he addressed questions regarding the District’s availability to serve new development. Chairman Coats wished Director Morales a happy birthday and announced that Doug Headrick will be at the next regular board meeting to provide a presentation on the California WaterFix; and he adjourned the meeting with the following statement: “Help ensure your water future by supporting the Sterling Natural Resource Center”. Information only. ADJOURN The meeting adjourned at 6:34 p.m. ___________________________ Ronald L. Coats, Board President __________________________ John Mura, Secretary R ec o mmend ed b y:R espec tfully s ubmitted: John Mura G eneral Manager/C EO Jus tine Hendric ks en District C lerk B OAR D AG E N D A S TAF F R E P O RT Agenda Item #5.b. Meeting Date: O c tob er 11, 2017 C ons ent Item To: G overning Board Memb ers From: G eneral Manager/C E O S ubject: Direc tors ' fees and exp ens es for S eptember 2017 R E COMME N D AT IO N: Ap p ro ve the G o verning Board Members’ fees and exp ens es for S eptember 2017. B AC KG R O UN D / AN ALYS IS : T he Board has instruc ted staff to lis t all d irec tor fees and exp ens es as a s ep arate agenda item to s how full fisc al transparenc y. O nly after Board review and ap p ro val will the c o mpens ation and exp ens es be p aid. AGE N C Y ID E ALS AN D E N DE AVO R S: Ideals and End eavo r I I - Maintain An Environment C o mmitted To Elevated P ublic S ervic e (E) – P rac tic e trans p arent & ac countable fisc al management R E VIE W B Y O T HE R S : T his agend a items has been reviewed b y the Administration d ep artment. F IS CAL IMPAC T T he fis c al imp ac t as s o c iated with this agenda item is $6,650.00 whic h is inc luded in the c urrent fisc al b udget. ATTAC H M E NTS: Description Type Directo rs Fees and Expenses Septembe r 201 7 Backup Material B OAR D AG E N D A S TAF F R E P O RT Agenda Item #6. Meeting Date: O c tob er 11, 2017 Dis c ussion Item To: G overning Board Memb ers From: G eneral Manager/C E O S ubject: R eview and Ap p rove Draft C o mprehens ive Annual F inanc ial R ep o rt for Year Ended June 30, 2017 R E COMME N D AT IO N: S taff recommends that the Board o f Direc tors review and approve the attached C omp rehensive Annual F inancial R eport (C AF R ) and aud it reports. B AC KG R O UN D / AN ALYS IS : Attac hed is the Eas t Valley Water Dis tric t C omp rehensive Annual F inanc ial R ep o rt (C AF R ) fo r the fis cal year end ed June 30, 2017. T he C AF R inc lud es the Distric t annual financ ial statements with acc o mpanying note d isc lo s ures , Management Dis cussion and Analys is , and s tatistical info rmatio n compiled by s taff. T he C AF R is ac companied by an aud it o pinio n letter is s ued b y the Dis tric t’s C PA firm C lifto nLars o nAllen LLC (C LA), whic h cond ucted an aud it in acc o rd ance with auditing s tand ards generally acc epted in the United S tates o f Americ a and guidelines es tablis hed b y the C alifornia S tate C o ntroller fo r S p ec ial Dis tric ts. Also in this year ’s C AF R is a c o p y o f the C ertificate of Achievement for Exc ellenc e in F inanc ial R ep orting rec eived for last year ’s repo rt. T his year ’s rep o rt is in d raft form, b ut will b e finalized up on ac c ep tanc e and approval b y the Board. AGE N C Y ID E ALS AN D E N DE AVO R S: Ideals and End eavo r I I - Maintain An Environment C o mmitted To Elevated P ublic S ervic e (E) - P rac tic e trans p arent & ac countable fis c al management R E VIE W B Y O T HE R S : T his agend a item has been reviewed b y the F inanc e and Human R es o urces S tanding C ommittee. F IS CAL IMPAC T R ec o mmend ed b y:R espec tfully s ubmitted: John Mura G eneral Manager/C EO Brian Tomp kins C hief F inancial O fficer F IS CAL IMPAC T T here is no fis cal imp ac t as s oc iated with this agend a item. ATTAC H M E NTS: Description Type Board P resentation P resentation F Y 201 7-18 Draft CAFR Backup Material COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR) October 11, 2017 REPORT HIGHLIGHTS 2 •Financial Condition −$1.4 Million Grant Receivable for Advanced Metering Infrastructure (AMI) −$3.8 Million Increase in Non -Current Liabilities −$4.7 Million Increase to Net Position −$3.1 Million Increase in Water Revenue −$1.3 Million Increase in Wastewater Revenue −$2.3 Million Increase Unrestricted Reserves •Significant Investment in Capital Assets −Spent $11.9 Million on Asset Acquisition / Construction −Completed 5 Major CIP Projects •Continued to Meet Debt Service Coverage Requirements PRIOR YEAR COMPARISON 3 FY 2016-17 FY 2015-16 Operating Revenue $ 37,448,549 $ 33,024,082 Operating Expenses (32,299,587) (32,655,921) Operating Income 5,148,962 368,161 Non-Operating Revenue 470,560 977,680 Non-Operating Expenses (1,776,684) (1,843,440) Contributions 2,446,118 732,642 6,288,956 235,043 Special Items (1,615,241) Increase In Net Position $ 4,673,715 $ 235,043 FINANCIAL CONDITION: WATER SALES 4 5 FY 2016-17 EXPENDITURES ■Employee Services ■Payment to Suppliers ■Debt Service Payments ■Capital Assets FINANCIAL CONDITION: QUICK RATIO 6 FINANCIAL CONDITION: DAYS CASH ON HAND 7 FINANCIAL CONDITION: UNRESTRICTED RESERVES 8 CAPITAL ASSET CONDITION 9 CAPITAL ASSET CONDITION 10 11 DEBT SERVICE COVERAGE ■2010 Refunding Bonds ■2013 Refunding Bonds ■U.S. Bank Lease Purchase ■SBVMWD Loan ■SRF Loans DEBT SERVICE COVERAGE 12 DR A F T DR A F T Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2017 East Valley Water District Prepared by: Finance Department 31111 Greenspot Road Highland, CA 92346 DR A F T Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2017 Table of Contents Page No. Introductory Section Letter of Transmittal .............................................................................................................. 3 Organizational Structure ....................................................................................................... 7 Principal Officials .................................................................................................................. 8 GFOA Certificate .................................................................................................................. 9 Financial Section Independent Auditor’s Report ......................................................................................... 12-14 Management’s Discussion and Analysis ........................................................................ 15-25 Basic Financial Statements Statement of Net Position ............................................................................................ 28-29 Statement of Revenues, Expenses, and Changes in Net Position ............................... 30-31 Statement of Cash Flows ............................................................................................ 32-33 Notes to the Basic Financial Statements ..................................................................... 34-60 Required Supplementary Information Schedule of Proportionate Share of Net Pension Liability ................................................. 62 Schedule of Contributions ................................................................................................ 63 Schedule of Funding Progress for Retirees Health Coverage .......................................... 64 Supplementary Information History and Organization .................................................................................................. 67 Combining Schedule of Net Position ........................................................................... 68-69 Combining Schedule of Revenues, Expenses, and Changes in Net Position .............. 70-72 Combining Schedule of Cash Flows ............................................................................ 74-75 Refunding Revenue Bonds - Series 2010 ................................................................... 76-77 Refunding Revenue Bonds - Series 2013 ................................................................... 78-79 US Bancorp Installment Purchase Agreement ................................................................. 80 San Bernardino Valley Municipal Water District Loan ....................................................... 81 Department of Water Resources Construction Loan - Contract 00C412 ........................... 83 Department of Water Resources Construction Loan - Contract 10CX110 ................... 84-85 DR A F T Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2017 Table of Contents Page No. Department of Water Resources Construction Design Loan - Contract 10PX102 ............ 87 Department of Water Resources Construction Loan - Contract 11CX101 ................... 88-89 Statistical Information Section Changes in Net Position by Component – Last Ten Fiscal Years .................................... 92-93 Operating Revenue by Source – Last Ten Fiscal Years ....................................................... 94 Water Operating Expenses – Last Ten Fiscal Years............................................................. 95 Wastewater Operating Expenses – Last Ten Fiscal Years ................................................... 96 Water Sales and Production – Last Ten Fiscal Years ........................................................... 97 Revenue Rates for Water – Last Ten Fiscal Years .......................................................... 98-99 Revenue Rates for Wastewater – Last Ten Fiscal Years ............................................. 100-101 Active Services by Type – Last Ten Fiscal Years ............................................................... 102 Principal Customers – Current Fiscal Year and Nine Years Ago ........................................ 103 Ratio of Outstanding Debt – Last Ten Fiscal Years ............................................................ 104 Debt Service Coverage – Last Ten Fiscal Years ................................................................ 105 Demographic and Economic Statistics – Last Ten Calendar / Fiscal Years ........................ 106 Full-Time Equivalent Employees by Department – Last Ten Fiscal Years .......................... 107 Operating and Capacity Indicators for Water and Wastewater – Last Ten Fiscal Years ...... 108 DR A F T DR A F T 1 DR A F T 2 DR A F T EAST VALLEY WATER DISTRICT Letter of Transmittal Year Ended June 30, 2017 3 September 26, 2017 To the Board of Directors and Customers of East Valley Water District, We are pleased to submit the Comprehensive Annual Financial Report (CAFR) for East Valley Water District for the year ended June 30, 2017. This report was prepared by District staff in accordance with standards established by the Governmental Accounting Standards Board. The District’s management is responsible for the presented data, and the completeness and fairness of the presentation, including the note disclosures. We believe that the report presented is accurate in all material respects, and that the financial statements and other information are presented in a manner that enables readers to gain a full understanding of the District’s financial activities for the year. Readers should also refer to the Management Discussion and Analysis in the Financial Section of the CAFR for a detailed discussion regarding the District’s financial condition and results of operations. The CAFR follows the guidelines recommended by the Government Finance Officers Association (GFOA) of the United States and Canada. In November 2017, the District will, again, submit the CAFR to this organization for review and possible recognition for achievement in reporting excellence. Background East Valley Water District was formed on January 18, 1954, and since then, has provided retail water service to customers in an expanding service area which now covers 27.7 square miles. The District directly serves treated water to approximately 102,208 people in the City of Highland, the eastern portion of the City of San Bernardino , the San Manuel Band of Mission Indians, and portions of the County of San Bernardino. In 1964, the District began providing wastewater collection services to the same service area. As of June 30, 2017, the District had 22,591 active water connections and 20,290 active wastewater connections. Water Supply and Reliability The District’s water supply for the year ended June 30, 2017 includes groundwater (77.4 percent) and surface water (22.6 percent). Groundwater is pumped from the Bunker Hill Basin, and surface water from the Santa Ana River is diverted based on rights acquired from the North Fork Water Company. DR A F T EAST VALLEY WATER DISTRICT Letter of Transmittal Year Ended June 30, 2017 4 Local Economy The District is located within San Bernardino County in a metropolitan area referred to as the “Inland Empire”. The District’s population has grown by nearly 38 percent since 2006, but has experienced a low number of new connections during the national economic downturn. The District’s customer base is substantially residential and commercial, with no major industrial users. Large consumers remain consistent year to year with the San Bernardino City Unified School District, Patton State Hospital, City of Highland, and San Manuel Mission Indians forming the list of top four users. In 2010, median household income (MHI) in San Bernardino County was $55,845, 8.3 percent lower than the State of California median of $60,883. The City of Highland, whose resident s comprise approximately 75 percent of the District’s customer base, had an MHI of $59,549, while the City of San Bernardino, where the remainder of the District’s customers reside, had an MHI of $39,895 in 2010. Financial Management The District manages its resources conservatively in order to deliver safe and reliable services to its customers at a fair and cost-effective price. It focuses on establishing fair rates, cost containment, long-term planning, maintaining and upgrading infrastructure, and pursuing alternative source of funding. This approach has allowed the District to undertake substantial capital improvement projects during tough economic times, while passing a series of modest rate increases. The keys to the District’s successful financial management are the District’s Capital Improvement and Financial Plan (CIP), comprehensive reviews of water and wastewater rates, and the annual budget process. The CIP provides a comprehensive view of infrastructure investments necessary over a seven year pe riod to ensure that water resources are adequate, water quality is maintained, and the water and wastewater service needs of current and future customers are met. The CIP is reviewed annually by the District’s Board of Directors during the budget 77.4% 22.6% Water Supply Sources Groundwater Surface Water DR A F T EAST VALLEY WATER DISTRICT Letter of Transmittal Year Ended June 30, 2017 5 process, at which time the highest priority projects are adopted and receive authorization for expenditure along with the District’s operating budget. The District’s financial planning also includes the establishment and funding of reserves, and the pursuit of alternative funding sources, both of which help reduce reliance on rates and rate increases. In recent years the District has been very successful in pursuing project funding from the State Revolving Fund and FEMA, and have applied for water and energy efficiency project funding from the Bureau of Reclamation and Edison. Internal Control District management is responsible for establishing a system of internal accounting controls designed to provide reasonable assurances that assets of the District are safeguard ed against losses from unauthorized use or disposition, and theft. The District’s internal controls also ensure the proper recording of financial transactions, and the preparation of financial statements in accordance with generally accepted accounting principles. The District’s internal control structure is designed to provide reasonable assurance that these objectives are met. The concept of reasonable assurance recognizes that 1) the cost of a control should not exceed the benefits likely to be derived and 2) the valuation of costs and benefits requires estimates and judgments by management. Budgetary Control The District’s Board of Directors annually adopts a balanced operating and capital budget prior to the new fiscal year. The budget authorizes expenditures and provides a basis for accountability over the District’s enterprise operations and capital projects. Each quarter, management provides the Board with a quarterly budget review to allow Board assessment of staff’s progress in meeting goals and obj ectives, and budget adjustments, if necessary, are requested at the mid-year budget review in January. Debt Administration The District utilizes proceeds from long-term debt, along with reserves and contributions from the operating budget, to finance major construction projects. Current debt consists of Revenue Bonds and loans from the State Revolving Fund. The District received a credit rating of AA- from Standard and Poor’s and Fitch when the Revenue Bonds were issued in June 2013. This rating was affirmed by Fitch as the result of a review conducted in April 2017. Investment Policy The Board of Directors annually adopts an investment policy that conforms to California State Law, District ordinances and resolutions, and the prudent person standard. The objectives of the policy are safety, liquidity, and yield. District funds are normally invested in the State Treasurer’s Local Agency Investment Fund (LAIF), and Federal government Treasury notes or agency obligations. Audit and Financial Reporting State law requires the District to obtain an annual audit of its financial statements by an independent Certified Public Accountant. This year, the District’s Financial statements were audited by CliftonLarsonAllen LLP from Glendora, California. Their audit opinion is included in the Basic Financial Statements section of this report. The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the District for its Comprehensive Annual Financial Report for the fiscal year ended June 30, 2017. This was the third year that the District has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a governmental entity must publish an easily readable and DR A F T EAST VALLEY WATER DISTRICT Letter of Transmittal Year Ended June 30, 2017 6 efficiently organized Comprehensive Annual Financial Report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current Comprehensive Annual Financial Report continues to meet the Certificate of Achievement Program’s requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. Acknowledgements Preparation of this report was accomplished by the combined efforts of District staff. We appreciate the dedication and professionalism that our staff bring to the District. We would also like to thank the members of the Board of Directors for their continued support in the planning and implementation of the financial affairs of the District. Respectfully submitted, John Mura General Manager Brian W. Tompkins Chief Financial Officer DR A F T EAST VALLEY WATER DISTRICT Organizational Structure Year Ended June 30, 2017 7 DR A F T EAST VALLEY WATER DISTRICT Principal Officials Year Ended June 30, 2017 8 Vision Enhance and preserve the quality of life for our community through innovative leadership and world class public service. Core Values Leadership: Motivating a group of people to act towards achieving a common goal or destination. Partnership: Developing relationships between a wide range of groups and individuals through collaboration and shared responsibility. Stewardship: Embracing the responsibility of enhancing and protecting resources considered worth caring for and preserving. East Valley Water District Governing Board Members as of June 30, 2017 Name Title Elected / Appointed Current Term Ronald Coats Chairman of the Board Elected 2013 - 2018 Chris Carrillo Vice-Chairman of the Board Elected 2015 - 2020 David Smith Governing Board Member Elected 2015 - 2020 James Morales, Jr.Governing Board Member Elected 2013 - 2018 Nanette Shelton Governing Board Member Appointed 2015 - 2018 Contact Information East Valley Water District John Mura, General Manager/CEO 31111 Greenspot Road Highland, CA 92346 (909) 889-9501 www.eastvalley.org DR A F T EAST VALLEY WATER DISTRICT GFOA Certificate Year Ended June 30, 2016 9 DR A F T 10 DR A F T 11 DR A F T EAST VALLEY WATER DISTRICT Independent Auditor’s Report Year Ended June 30, 2017 12 EAST VALLEY WATER DISTRICT Independent Auditor’s Report Year Ended June 30, 2017 13 EAST VALLEY WATER DISTRICT Independent Auditor’s Report Year Ended June 30, 2017 14 EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2017 15 The District East Valley Water District (District) is a California Special District established under section 30000 et seq. of the California Water Code. The District is engaged in pumping, treating, and distributing water to its customers, as well as maintaining a collection system for residential and commercial wastewater that is delivered for treatment at a plant owned by the City of San Bernardino Water Department. The District serves the City of Highland, and portions of the City of San Bernardino and the County of San Bernardino in California. The Basic Financial Statements East Valley Water District is a special-purpose government engaged in activities that are supported exclusively by user charges. As such, the District’s financial statements are presented in the format prescribed for p roprietary funds by the Governmental Accounting Standards Board. The following financial statements for the year ended June 30, 2017 (2016 for comparative purposes only) consist of three interrelated statements designed to provide the reader with relevant , understandable data about the District’s financial condition and operating results. They are the Statement of Net Position, the Statement of Revenue, Expenses, and Changes in Net Position, and the Statement of Cash Flows. The Statement of Net Position presents financial information on the District’s assets, liabilities, and deferred inflow and outflows of resources, with the difference reported as net position as of the last day of the District’s fiscal year. Over time, increases or decreases in net position can serve as a useful indicator of whether the financial position of the East Valley Water District is improving or deteriorating. The Statement of Revenues, Expenses, and Changes in Net Position presents information showing how the District’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of the related cash flows. The Statement of Cash Flows (direct method) conveys to financial statement users how the District managed cash resources during the year. This statement converts the change in net position presented on the Statement of Revenues, Expenses, and Changes in Net Position into actual cash provided by or us ed for operations. The Statement of Cash Flows also details how the District obtains cash through financing and investing activities, and conversely, how cash is spent for these purposes. Summary Financial Information and Analysis Financial Condition During the year ended June 30, 2017, the District’s total assets increased by $1.8 million to 19.6 million – the net effect of increases in Current and Restricted assets, and a decrease in Capital assets. Current assets increased 11% to $19.5 million. This increase is substantially all due to an increase in year-end Utility Billings receivable, the result of rate adjustments that became effective during 2016 -17, and a grant receivable of $1.4 million. The grant receivable is related to a $2.0 million ‘Water-Energy Grant’ from the State of California for the purpose of implementing an Automated Metering Infrastructure pilot program designed to detect and prevent water losses due to leaks on customer property. DR A F T EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2017 16 Restricted Asset balances increased from $5.9 to $6.4 million with the receipt of capacity fees from small development projects occurring within the District. Larger development projects representing more than 4,000 homes are temporarily stalled by community concerns about issues such as traffic congesti on. The nature of the Restricted Cash balances at June 30, 2017 are further dietailed in Note 3 to the financial statements. East Valley Water District’s Net Position (in millions) 2017 2016 Current Assets 19.5$ 17.6$ Restricted Assets 6.4 5.9 Other Assets 0.4 0.4 Capital Assets - Net 159.2 155.5 Total Assets 185.5 179.4 Total Deferred Outflow of Resources 3.2 1.4 Current Liabilities 8.0 8.2 Non-Current Liabilities 62.5 58.7 Total Liabilities 70.5 66.9 Total Deferred Inflows of Resources 0.5 0.9 Net Position Net Investment in Capital Assets 105.1 103.2 Restricted 2.8 2.3 Unrestricted 9.8 7.5 Total Net Position 117.7$ 113.0$ Capital Assets increased by $3.7 million despite recognition during the fiscal year of $6.5 million in charges for depreciation. The completion of a $2 million Automated Metering pilot program, completion of a state water project turnout and hydroelectric generation facility at the District’s Plant 134, and continued planning efforts for a recycled water facility known as the Sterling Natural Resource Center (SNRC) represent a majority of capital asset investments during fiscal year 2016-17. Total Deferred Outflow of Resources increased $1.8 million reflecting pension contributions made subsequent to the measurement date (June 30, 2016) and net differences between projected and actual earnings on pension plan investments. While current assets have increased by $1.9 million, current liabilities decreased by $0.2 million. As a result, the District’s current ratio has improved from 2.1:1 to 2.4:1, and the liquidity ratio from 1.5:1 at June 30, 2016, to 1.6:1 at June 30, 2017. Non-Current Liabilities increased by $3.8 million, the net effect of: • $(2.5) million in principal payments on outstanding debt • $4.3 million loan from the San Bernardino Valley Municipal Water District for the state water project turnout • $2.0 million increase in Net Pension Obligations calculated in accordance with Governmental Accounting Standards Board (GASB) statement number 68 Accou nting and Financial Reporting for Pensions Long term debt and the accounting for District pensions are further explained in financial statement Notes 5 and 8, respectively. DR A F T EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2017 17 The District’s net position totaled $117.7 million at the end of fiscal year 2017, a $4.7 million increase compared to the end of the previous fiscal year. Of the $117.7 million Net Position balance, $105.1 million is categorized as Investment in Capital Assets, $2.8 million is Restricted for Capital Expansion Projects, and $9.8 million is Unrestricted. The calculation of Net Position Invested in Capital Assets is included in Note 7 of the accompanying financial statements. Restricted Net Position consists of developer capacity fees, and Unrestricted Net Position is the amount available for encumbrance at June 30, 2017. Looking at longer term results, the District’s total Net Position has increased $9.1 million, and $25.9 million over five and ten year periods, respectively Activities and Changes in Net Position Water Operations East Valley Water District, and the rest of California, entered the 2016-17 fiscal year in a ‘state of emergency’ declared during five years of severe drought. Extraordinarily heavy rain and snowfall during the 2017 winter months caused the California Governor to declare an end to the drought on April 7, 2017, and to relax drought restrictions and emergency conservation mandates. The changing circumstances effected both water revenues and expenses. Water sales for 2016-17 increased 22% to $14,556,339, the resu lt of both rate adjustments at the beginning of the fiscal year, and an increase in customer consumption. Rate adjustments were phase two of a three -part increase adopted in March of 2015 and increased the District tier rates by approximately 12%. With res pect to consumption, the District produced 17,922 acre feet of water and sold 16,223 acre feet to consumers during the year The amount of water sold represents an 8.1% increase over the prior year. The difference between water produced and water sold of 1,699 acre feet (9.5%) was the result of District flushing programs, water use at District facilities, and system leaks. Water System, or Meter Charge revenue, increased 11% to $8,944,652, also due to rate adjustments adopted in 2015. Increases scheduled at the beginning of fiscal year 2016-17 were 10% for all meter sizes. $- $5 $10 $15 $20 $25 2014 2015 2016 2017 Mi l l i o n s Water Department Operating Revenue versus Expenses Revenue Expenses DR A F T EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2017 18 Though the drought ended in April 2017, the impacts on water supplies to Southern California agencies continued past April. State Water Project reservoirs that hold water imported from Northern California had been drawn down to low levels, allowing water temperatures to rise and foster the growth of organic materials. The District’s surface water treatment, which is used to treat State Project water, could not sufficiently treat the heavy concentration of organics, so water production shifted more toward groundwater at the end of the fiscal year. The quality of imported water created problems for most water agencies, so while State Water Project contractors began working to address the organic material in state reservoirs, the District and other agencies began research on treatment processes that can handle high concentrations of organics which may result in future capital projects. The District’s shift to groundwater production offset some of the energy savings the District was realizing as a result energy conservation measures implemented in 2014, but did not result in a large spike in power costs. Some significant variances that did occur during the year include: • Source of supply: costs increased by $960 thousand (39.3%) as the District participated in a regional effort to buy imported water from Northern California, available after the heavy winter rainfall, to recharge the local groundwater basin. Higher groundwater levels resulting from the recharge not only helps ensure the health of the basin but makes pumping groundwater more cost effective. • Pumping: power costs for boosting water to higher pressure zones decreased by 10%, however, contract services increased by $110 thousand for two reasons, 1) implementation of a preventative maintenance program whereby a designated number of booster pumps are pulled and inspected each year, and 2) building and landscape maintenance costs previously charged as an administrative expense were charged to this cost center in 2015-16. This caused pumping costs to increase 15% overall. • Water Treatment: costs decreased 5% during the 2016-17 as a result of the District transferring water production from surface water to groundwater. Lower power, chemical, and other materials costs all contributed to the decrease in treatment costs overall. • Transmission & Distribution (T&D): – the addition of two staff to repair crews and increased medical insurance costs resulted in a $107 thousand increase in labor & benefits costs, but this increase was offset by a decrease in contract services of $207 thousand. Overall T&D costs decreased by 5% to $2.2 million. Wastewater Operations Wastewater operating revenues consist of System Charges and Treatment Charges. System Charge rates are set by the District to cover the cost of maintaining the District’s wastewater collection system and to cover a portion of administrative and general expenses. Treatment Charge rates are established by the City of San Bernardino Water Department, which treats the wastewater generated by the District’s customers – the District currently has no wastewater treatment facilities. All wastewater treatment revenues collected by the District are directly offset by remittance payments to the City of San Bernardino Water Department, therefore, wastewater treatment has no net effect on the District’s operating results. During the 2016-17 fiscal year wastewater operating revenues increased 11.5%, from $11.6 to $12.9 million. System charges, assessed by the District for maintenance of wastewater collection mains, increased by 9.7% as a result of higher water usage by commercial customers. Commercial cus tomers, which include multi-family DR A F T EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2017 19 residential complexes larger than 4 units, are billed for wastewater charges based on water consumption. Therefore, the 8.1% increase in water consumption discussed above, had a related impact on wastewater revenue. A com plete list of wastewater rates in effect for the last 10 years is included in the statistical section at the end of this document. Wastewater treatment revenues, and costs, both rose 11.3% to $8.1 million. The primary reason for the increase was rate adjustments implemented by the City of San Bernardino. City treatment rates were increased in phases over three years, with the second phase becoming effective during the 2016 -17 fiscal year. In addition, increased water usage by commercial customers raised treatment along with system chare revenue, as discussed above. Wastewater collection line maintenance costs increased by 4% compared to the prior year. The increase is the net effect of increased staffing costs, and a decrease in contract services as the District had to make fewer spot repairs to collection mains. The need for spot repairs is identified while District staff is video logging, and making conditional assessments of, the Districts mains. When a breach in the integrity of a main is identified, a pre-qualified contractor is dispatched to make a repair in order to mitigate the risk of wastewater system backup and overflows. The District has had no reportable wastewater overflows since beginning the video inspection program in 2006. $6 $7 $8 $9 $10 $11 $12 $13 2014 2015 2016 2017 Mi l l i o n s Wastewater Department Operating Revenue versus Expenses Revenue Expenses Costs related to Customer Accounts (Water & Wastewater Operations) increased $32 thousand, or 2%, due primarily increased labor and benefit costs. Labor increases were related to step increases for newer employees who have not reached the top of their salary range, and benefits cost increases are District participation in employee health insurance premiums, which rose approximately 10% at the beginning of 2017. Administrative and general costs for the District decreased by 16.3% to $8.3 million. The primary reason for the decrease was the contraction of the District’s aggressive conservation rebate program as heavy rainfall signaled the end of California’s historic drought – direct customer rebates for conservation measures were $287 thousand in 2016-17 compared to $1.65 million in the previous year. The District will cont inue to promote conservation, but will focus funding on Capital Improvement Projects to eliminate system water losses. DR A F T EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2017 20 Other significant changes in general and administrative costs included: 1) Salaries and Benefits decreased 2.3% to $5.36 million as the As sistant General Manager position was vacated and not filled during 2016-17. 2) Legal Services increased 24% as the District commits resources to dissolving old mutual water companies whose membership has connected to the District’s water distribution system, and to defend against a retiree benefits lawsuit. Depreciation expense recorded by the District’s water department decreased from $6.3 million to $5.7 million. Prior year expense included approximately $600 thousand in accelerated depreciation on certain assets whose remaining useful lives had been shortened to align with District experience and standards published by the California State Controller. Affected assets included pumps, valves and other mechanical components capitalized as part of a larger utility plant assets. Wastewater department depreciation expense remained consistent at approximately $800 thousand. Non-Operating Activities The District’s non-operating revenue of $471 thousand includes investment earnings of $69 thousand, discussed below, and $402 thousand in other income. Other income includes quarterly remittances from energy purveyors, for participation in demand response programs, whereby the District takes designated plants off -line when power grids are approaching capacity. Non-operating expenses includes $1.84 million in interest on District long -term obligations. East Valley Water District Changes in Net Position (in millions) 2017 2016 Water Revenues 24.5$ 21.4$ Water Operating Expenses (20.5) (21.5) Wastewater Services 12.9 11.6 Wastewater Operating Expenses (11.8) (11.2) Non-Operating Revenues 0.5 1.0 Non-Operating Expenses (1.8) (1.8) Income Before Contributions & Special Item 3.8 (0.5) Developer Contributions 0.5 0.6 Grant Funds Contributed 2.0 0.1 Special Item - Abandon Projects (1.6) - Change in Net Position 4.7 0.2 Beginning Net Position 113.0 112.8 Ending Net Position 117.7$ 113.0$ Investment earnings decreased 53% compared to the prior year due to a drop in the balance of inves tible funds, and federal funds interest rate hikes which caused the District to record unrealized losses of $66 thousand on DR A F T EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2017 21 investments in securities held at year end – the District typically holds investments to maturity. The decrease was mitigated by earnings on funds deposited with the California Local Agency Investment Fund, which raised the interest rate paid on deposits by 37 basis points to .92% during fiscal year 2017. Capital Contributions and Special Item Contributions received during 2016-17 included $473 thousand in developer capacity fees, and $1.97 million in grant reimbursements for phase 1 of the District’s Automated Metering Infrastructure implementation. The District has also recorded a one-time charge of $1.6 million for site-specific costs related to a project that was ultimately built at a different location. This item is explained further in Note 13 to the financial statements. Components of Net Position The District is required to present its net position in three categories: Net In vestment in Capital Assets, Restricted, and Unrestricted. Net Investment in Capital Assets The components of Net Investment in Capital Assets are presented in Note 7 to the accompanying financial statements. The balance at June 30, 2017 is $105.1 million, an increase of $1.8 million compared to June 30, 2016. The increase resulted from the acquisition or construction of capital assets for $9.2 million, offset by increases in outstanding debt of $2.2 million, and a net increase in accumulated depreciation of $5.2 million. Restricted Restricted Net Position increased by $571 thousand during the year ended June 30, 2017. This increase includes $473 thousand in capacity fees collected from developers , and restricted assessments collected from North Fork Water Company shareholders which are restricted for future capital improvement projects . By law capacity fees are restricted for use on plant expansion capital projects, or debt service on such projects . Further, under the District’s Designated Funds Policy, use of restricted funds for a certain capital project must be approved by the Board of Directors. Unrestricted Unrestricted Net Position is the balance after amounts to be classified as Invested in Capital Assets or Restricted have been determined. Unrestricted Net Position increased $2.3 million to $9.8 million in 2016 -17. Capital Assets The District spent approximately $11.9 million for expansion or replacement of property, plant, and equipment during 2016-17. These amounts are reflected in Utility Plant, or as additions to Construction in Progress, in the accompanying financial statements. Placed in Service During the 2016-17 fiscal year, District staff, consultants, and contractors completed work on the following: • Installation of approximately 6,900 automated, remote-read meters and supporting data collectors DR A F T EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2017 22 • Completion of booster and getaway pipeline capacity upgrades at the District’s surface water treatment plant to efficiently distribute a higher volume of treated water from the recently expanded plant • Replacement of 2,000 linear feet of 50-year-old 8’ main pipeline on Pumalo Street • Rehabilitation of 8 deteriorated sewer manholes • Replacement of 810 linear feet of wastewater main pipeline Construction in Progress (CIP) Construction in progress increased $5.3 million to $16.3 million (see note 4) between June 30, 2016 and June 30, 2017. With approximately 25 jobs in progress, additions to CIP totaled $10.8 million, while $5.5 million was capitalized and transferred to utility plant in service. Utility Plant in Service – June 30th (in millions) Department 2017 2016 Water Source of Supply 16.6$ 16.5$ Pumping 14.4 13.1 Transmission & Distribution 98.4 95.0 Treatment 25.0 25.0 Wastewater Collection Lines 27.0 26.9 General Buildings & Improvements 17.4 17.8 Equipment 9.2 8.1 Total 208.0$ 202.4$ Of the $16.3 million remaining in CIP at June 30, 2017, 85% is related to two projects, including: 1. Conceptual design, environmental, legal and financing package costs related to the Sterling Natural Resource Center water recycling facility. The facility will capture, treat, and recycle all of the wastewater flows generated by District customers. Recycled water produced by the plant would be used to recharge the Bunker Hill Basin from which the District produces groundwater. Preliminary concepts for the Sterling Natural Resource Center include a first phase with a capacity of 6 million gallons per day (mgd), expandable to 10 mgd in a second phase giving the District the capability to provide treatment services to significant housing developments being planned within the District’s service area. The project will also include ancillary pipelines a nd lift stations to deliver wastewater to the plant, and recycled water pipelines to deliver the treated water to recharge basins. The District has partnered with the San Bernardino Valley Municipal Water District (Valley District) on the Project, by entering into an Agreement for the Construction and Operation of Groundwater Replenishment Facilities. Under terms of the agreement, Valley District will act as lead agency for construction and operation of the Sterling Natural Resource Center, while East Valley Water District will retain ownership of the project and the recycled water produced, and will finance the full cost of the project. A financing DR A F T EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2017 23 application package has been submitted to the State of California Department of Water Resources in order to utilize grants and/or low interest loans to fund this regionally significant water recycling project. 2. A collaborative effort with the San Bernardino Valley Municipal Water District (Muni) on the construction of a new state water project turnout at the District’s surface water treatment plant (Plant 134). The turnout will allow the District to take delivery of more wholesale water from Muni at their Tier 1 water rate, currently $125 per acre foot. The project also includes hydro-electric generation facilities which will generate power for the operation of the treatment plant. The project will be completed in fiscal year 2017-18. Future Capital Improvements - Water The District’s ability to meet water quality requirements, promote water conservation, and increase efficiencies in conducting District business are the driving forces by which District management develops long term capital plans. To meet these objectives, the District’s 5-year Capital Improvement Plan includes the following projects: • Phases 2 through 5 of implementation of an Automated Metering system that displays water usage on an hourly basis, and sends out alerts when constant flow through a meter for 24 hours indicates a probable leak • Design and construction of additional storage tanks to allow pumping during hours of off-peak demand for power and to enhance water availability during peak water use and for fire suppression • Replacement of aging water distribution pipelines that require frequent repair and are suspected of causing system water losses. Future Capital Improvements - Wastewater The District maintains a list of recommended wastewater main replacements / rehabilitations based on assessments of pipeline condition noted during video logging of the collections system. Pipelines assessed at the highest risk of structural failure are prioritized on the District’s 5-year Capital Improvement Plan (CIP). The District will also update its Wastewater Collection System Master Plan in fiscal year 2017 -18 in order to identify wastewater pipelines that are susceptible to surcharging during heavy rains. Undersized pipelines can impede new development and will be included in discussions with developers as necessary. Long Term Debt / Credit The District’s long-term debt consists of Revenue Bonds issued through the East Valley Water District Financi ng Authority (Authority), a blended component unit, design and construction loans from the California Department of Water Resources (DWR), a capital lease purchase with US Bank for construction or installation of energy conservation measures (ECM), and a loan from the San Bernardino Valley Municipal Water District (SBVMWD). Outstanding balances as of June 30, 2017 were as follows: 2010 Refunding Bonds 26,150,000$ 2013 Refunding Bonds 12,085,000 SBVMWD Loan 4,367,927 AVAD Construction 91,288 EFAD Construction 338,418 Plant 134 Construction 6,535,166 Plant 150 Design 30,000 U.S. Bank Lease Purchase 2,910,551$ Total 52,508,350 DR A F T EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2017 24 As explained in Note 5 to the accompanying financial statements, proceeds from the 2010 and 2013 revenue bonds were used to retire debt previously issued by the District (2010 bonds only) and to construct water and wast ewater capital projects. DWR loans for the Arroyo Verde and Eastwood Farms water company consolidation projects are ultimately the obligation of property owners within Assessment Districts that replaced these water companies that were previously operating independently within the District’s service area. Semi- annual loan payments are paid from assessments on property within the assessment districts. Other DWR loans include $6,535,168, payable over 28 years at 0% interest, for upgrade of the District’s Plant 134, and $30,000, payable over the next 2 years at 0%, used to help pay for the design of a new treatment plant in the District’s lower pressure zone. The Lease Purchase Agreement with US Bank was entered into in November 2013 to finance the constru ction of energy conservation projects recommended by an Energy and Operational Efficiency Study prepared by Honeywell. The lease is payable in semi-annual installments over 10 years at an interest rate of 2.38%. The loan with SBVMWD was entered into in January 2015 to finance the project discussed previously in the Construction in Progress section. The loan is payable over 10 years at the Local Agency Investment Fund apportionment rate, currently 0.92%. All scheduled debt payments for fiscal year 2016-17 were paid timely. $- $10 $20 $30 $40 $50 $60 2013 2014 2015 2016 2017 Mi l l i o n s Outstanding Long -Term Debt June 30th 2013 Bonds 2010 Bonds SBVMWD Loan Inst Purchase DWR Loans DR A F T EAST VALLEY WATER DISTRICT Management’s Discussion and Analysis Year Ended June 30, 2017 25 Standard & Poor’s and Fitch rated the EVWDFA 2013 Revenue Bonds at the time of issuance. Both agencies gave the bonds a rating of AA-. Fitch affirmed their rating of AA- in April 2017 after having conducted an agency specific, review. Dun & Bradstreet, based on audited financial statements and creditor input, also rates the District. The rating given by D&B is currently 5A1 accompanied by a financial condition assessment of ‘strong’, which is no change from previous years. Rate Increases In March 2015, the District adopted a new Water Budget based rate structure, moving from a uniform rate charged for every unit (hundred cubic feet or 748 gallons) of water used, to a tiered rate structure in which consumers pay increasingly higher rates as they use more water during a billing peri od. The District adopted 3 rate tiers, each supported by the increased cost of supplying water as consumer demands on the water distribution system increase. The new rate structure included scheduled rate adjustments to occur on June 1, 2015, and on July 1 of both years 2016 and 2017. In addition, the City of San Bernardino adopted rate increases for wastewater treatment, to be implemented in three phases in 2015, 2016, and 2017. As the District currently relies on the City to treat wastewater generated b y District customers, it is obliged to adopt the City’s rate increases. The District has implemented the first two phases of the new wastewater rates utilizing the provisions of California AB 2567, which allows the District to treat the increases as a pass-through of costs it has no control over. The final phase, effective July 1, 2017 was adopted by the District at a public hearing conducted under the provisions established by California Proposition 218. Additional information about the District’s Water Budget based rate structure can be found on the District’s website at www.eastvalley.org. Contacting the District’s Financial Management This financial report is designed to give our customers / ratepayers, credi tors, and investors a general overview of the District’s finances, and to demonstrate the District’s accountability for money it receives, and stewardship over facilities it maintains. If you have questions about this report, or need additional information, contact the District’s Finance Department at 31111 Greenspot Road, Highland, California 92346, or call (909) 381 -6463. DR A F T 26 DR A F T 27 DR A F T EAST VALLEY WATER DISTRICT Statement of Net Position June 30, 2017 28 For Comparative Purposes Only 2017 2016 ASSETS Current Assets: Cash and Cash Equivalents 7,556,013$ 7,844,650$ Investments 4,995,176 4,970,168 Accounts Receivable, Net 4,519,062 3,565,745 Interest Receivable 37,233 27,341 Other Receivables 375,893 589,619 Due from Other Governments 1,401,449 16,145 Inventory 326,023 252,962 Prepaid Expenses 297,408 291,514 Total Current Assets 19,508,257 17,558,144 Non-Current Assets: Restricted Cash and Cash Equivalents 6,474,787 5,900,620 Assessments Receivable 386,243 413,633 Capital Assets not being Depreciated 27,944,625 24,276,764 Capital Assets, Net (Note 4)131,271,911 131,257,709 Total Non-Current Assets 166,077,566 161,848,726 Total Assets 185,585,823 179,406,870 DEFERRED OUTFLOWS OF RESOURCES Deferred Charge on Refunding 138,482 156,417 Deferred Outflows - Pensions 3,044,585 1,249,997 Total Deferred Outflows Of Resources 3,183,067 1,406,414 Total Assets and Deferred Outflows of Resources 188,768,890$ 180,813,284$ (Continued) The accompanying notes are an integral part of this statement. DR A F T EAST VALLEY WATER DISTRICT Statement of Net Position - Continued June 30, 2017 29 For Comparative Purposes Only 2017 2016 LIABILITIES Current Liabilities: Accounts Payable and Accrued Expenses 2,461,885$ 2,920,380$ Accrued Payroll and Benefits 362,999 606,197 Customer Service Deposits 1,670,446 1,630,380 Construction Advances and Retentions 119,250 109,500 Accrued Interest Payable 469,463 485,974 Current Portion of Compensated Absences 323,638 352,282 Current Portion of Long-Term Debt 2,632,902 2,141,422 Total Current Liabilities 8,040,583 8,246,135 Non-Current Liabilities: Compensated Absences, Less Current Portion 398,275 417,682 Net Pension Liability 10,024,712 7,928,173 Long-Term Debt, Less Current Portion 52,062,321 50,327,296 Total Non-Current Liabilities 62,485,308 58,673,151 Total Liabilities 70,525,891 66,919,286 DEFERRED INFLOWS OF RESOURCES Deferred Inflows - Pensions 519,364 844,078 Total Liabilities and Deferred Inflows Of Resources 71,045,255 67,763,364 NET POSITION Net Investment in Capital Assets 105,059,796 103,222,172 Restricted for: Future Capital Expansion Projects 2,847,924 2,276,695 Unrestricted 9,815,915 7,551,053 Total Net Position 117,723,635$ 113,049,920$ The accompanying notes are an integral part of this statement. DR A F T EAST VALLEY WATER DISTRICT Statement of Revenues, Expenses, and Changes in Net Position Year Ended June 30, 2017 30 For Comparative Purposes Only 2017 2016 OPERATING REVENUES Water Sales 14,556,339$ 11,927,523$ Wastewater Treatment Charges 8,128,030 7,165,655 System Charges 13,648,091 12,349,671 Other Charges 1,116,089 1,581,233 Total Operating Revenues 37,448,549 33,024,082 OPERATING EXPENSES Water Department: Source of Supply 3,401,062 2,442,061 Pumping 646,940 696,432 Treatment 750,052 799,947 Transmission and Distribution 2,222,953 2,327,185 Customer Accounts 1,505,433 1,400,208 Total Water Department 8,526,440 7,665,833 Wastewater Department: WastewaterTreatment 8,128,030 7,302,389 Wastewater Collection 425,944 407,913 Customer Accounts 372,587 446,249 Total Wastewater Department 8,926,561 8,156,551 Administrative and General 8,329,112 9,689,279 Operating Expenses Before Depreciation 25,782,113 25,511,663 Depreciation 6,517,474 7,144,258 Total Operating Expenses 32,299,587 32,655,921 Operating Income (Loss)5,148,962$ 368,161$ (Continued) The accompanying notes are an integral part of this statement. DR A F T EAST VALLEY WATER DISTRICT Statement of Revenues, Expenses, and Changes in Net Position - Continued Year Ended June 30, 2017 31 For Comparative Purposes Only 2017 2016 NON-OPERATING REVENUES (EXPENSES) Investment Income 69,237$ 146,874$ Other Income (Loss)401,323 830,806 Interest Expense (1,776,684) (1,843,440) Total Non-Operating Revenues (Expenses)(1,306,124) (865,760) Income Before Contributions and Special Item 3,842,838 (497,599) CONTRIBUTIONS Capacity Charges 473,164 636,717 Contributed Plant - 19,525 Capital Grants 1,972,954 76,400 Total Contributions 2,446,118 732,642 SPECIAL ITEM Abandoned Project (1,615,241) - CHANGE IN NET POSITION 4,673,715 235,043 TOTAL NET POSITION, BEGINNING 113,049,920 112,814,877 PRIOR PERIOD ADJUSTMENT - - TOTAL NET POSITION, ENDING 117,723,635$ 113,049,920$ The accompanying notes are an integral part of this statement. DR A F T EAST VALLEY WATER DISTRICT Statement of Cashflows Year Ended June 30, 2017 32 For Comparative Purposes Only 2017 2016 CASH FLOWS FROM OPERATING ACTIVITIES Cash Received from Customers 36,545,048$ 32,575,596$ Cash Payments for Employees Services (9,170,392) (8,571,419) Cash Payments to Suppliers (17,463,184) (15,907,637) Cash from Other Sources 615,049 381,974 Net Cash Provided (Used) by Operating Activities 10,526,521 8,478,514 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Grant Funds Received 587,650 1,831,623 Contributed Capital 473,164 636,717 Principal Paid on Capital Debt 2,326,191 (1,960,917) Interest Paid on Capital Debt (1,874,946) (1,944,230) Acquisition of Capital Assets (11,814,780) (11,310,545) Net Cash Used for Capital and Related Financing Activites (10,302,721) (12,747,352) CASH FLOWS FROM INVESTING ACTIVITIES Interest Received from Investments 126,018 127,336 Acquisition of Investments (3,694,267) (5,058,088) Proceeds from Sale of Investments 3,602,588 5,274,457 Loan Collections 27,391 20,721 Net Cash Provided (Used) by Investing Activities 61,730 364,426 Net (Decrease) Increase in Cash and Cash Equivalents 285,530 (3,904,412) Cash and Equivalents, Beginning of Year 13,745,270 17,649,682 Cash and Equivalents, End of Year 14,030,800$ 13,745,270$ RECONCILIATION TO STATEMENT OF NET POSITION Cash and Cash Equivalents 7,556,013$ 7,844,650$ Restricted Cash and Cash Equivalents 6,474,787 5,900,620 Total Cash and Cash Equivalents 14,030,800$ 13,745,270$ (Continued) The accompanying notes are an integral part of this statement. DR A F T EAST VALLEY WATER DISTRICT Statements of Cash Flows - Continued Year Ended June 30, 2017 33 For Comparative Purposes Only 2017 2016 Reconciliation of Operating Income to Net Cash Provided by Operating Activities Operating Income (Loss)5,148,962$ 368,161$ Adjustments to Reconcile Operating Income to Net Cash Provided by Operating Activities: Depreciation 6,517,474 7,144,258 Miscellaneous Income 615,049 830,806 Change in Assets and Liabilities: (Increase) Decrease in Accounts Receivable (953,318) (241,769) (Increase) Decrease in Other Receivables - (448,832) (Increase) Decrease in Inventory (73,061) 44,841 (Increase) Decrease in Prepaids (5,895) (206,776) Decrease in Deferred Outflows of Resrcs (1,794,588) (492,821) Increase (Decrease) in Accounts Payable (458,495) 959,127 Increase (Decrease) in Accrued Salaries and Benefits (243,198) 183,497 Increase in Compensated Absences (48,051) 5,300 Decrease in Net Pension Liability 2,096,539 1,312,238 Increase in Deferred Inflows of Resources (324,714) (772,799) Decrease in Customer Deposits 40,066 (96,906) Decrease in Developer Deposits 9,750 (109,811) Total Cash Provided (Used) by Operating Activities 10,526,520$ 8,478,514$ NON-CASH INVESTING, CAPITAL, AND NONCAPITAL FINANCING ACTIVITIES: Contributed Plant -$ (16,599)$ Fair Value Adjustments to Investments (56,183) 19,210 Write off Abandoned Project Costs (1,615,241) - Capital Assets Contributed by Developers - - The accompanying notes are an integral part of this statement. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 34 1) REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A) Reporting Entity The East Valley Water District (the District) is a special district formed in 1954, as a result of an election by local residents who desired water service by a public water agency. Later, as the population increased, a modern wastewater system was needed to replace the septic tanks used at the time. Citizens voted to give the District responsibility for that service. The District encompasses an area of approximately 25 square miles and provides water and wastewater service to the City of Highland, parts of the City of San Bernardino, and unincorporated parts of the County of San Bernardino, California. The East Valley Water District Financing Authority (Authority), and the North Fork Water Company (Company) are component units of the East Valley Water District. A component unit is an entity which is financially accountable to the primary government, either because the primary government appoints a voting majority of the component unit's board, or because the component unit will provide a financial benefit or impose a financial burden on the primary government. The Authority, and Company are blended component units. Only North Fork Water Company prepares separate financial statements. The Authority was created in August 2010 by a joint exercise of powers agreement for the purpose of financing public capital improvements. It is governed by a Board of Directors comprised of the District's Board of Directors. The Authority issued debt in October 2010 which is secured solely from installment payments under an installment purchase agreement entered into by the District and the Authority. The Company was established in February 1885 to deliver water, taken from the Santa Ana River, to its property owner /shareholders. The Company is governed by a Board of Directors comprised of, and elected by, Company shareholders. The District has purchased shares of Company stock as they become available in order to secure rights to the Santa Ana River water and have it delivered to the District's surface water treatment plant. At June 30, 2017, the District owned 5,904.49 of 7,156 outstanding Company shares. Due to the number of Company shares owned, the District is able to appoint a majority of the Company’s governing board and is therefore financially accountable for the Company. In addition management and staff of the District have complete responsibility for the operations of the Company. As a result, the Company's financial statements have been included in the accompanying financial statements as a blended component unit. Copies of the Company's financial statements may be obtained from the District’s Finance Department at 31111 Greenspot Road, Highland, California 92346. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 35 1) REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued The following condensed combining schedule shows how the District and its component units are blended in the accompanying financial statements: Table 1-1 Financing District NFWC Authority Eliminations Total Statement of Net Position Current Assets 19,492,510$ 15,747$ 449,159$ (449,159)$ 19,508,257$ Capital Assets 157,699,521 3,002,897 - (1,485,882) 159,216,536 Other Assets 6,480,169 380,861 38,235,000 (38,235,000) 6,861,030 Deferred Outflows 3,183,067 - - - 3,183,067 Total Assets & Deferred Outflows 186,855,267 3,399,505 38,684,159 (40,170,041) 188,768,890 Current Liabilities 7,990,773 49,810 449,159 (449,159) 8,040,583 Long-Term Liabilities 62,485,308 - 38,235,000 (38,235,000) 62,485,308 Deferred Inflows 519,364 - - - 519,364 Total Liabilities & Deferred Inflows 70,995,445 49,810 38,684,159 (38,684,159) 71,045,255 Net Investment in Capital Assets 103,438,755 3,106,923 - (1,485,882) 105,059,796 Restricted Net Position 2,629,058 218,866 - - 2,847,924 Unrestricted Net Position 9,815,915 - - - 9,815,915 Total Net Position 115,883,728$ 3,325,789$ -$ (1,485,882)$ 117,723,635$ Statement of Changes in Net Position Sales and Services 36,332,460$ -$ -$ -$ 36,332,460$ Other Operating Revenue 1,116,089 - - - 1,116,089 Operating Expenses (25,625,749) (156,364) - - (25,782,113) Depreciation (6,462,825) (54,649) - - (6,517,474) Operating Income 5,359,975 (211,013) - - 5,148,962 Net Non-Operating Revenue (Expenses)(1,613,832) 307,708 - - (1,306,124) Capital Contributions 2,446,118 - - - 2,446,118 Special Items (1,615,241) - - - (1,615,241) Change in Net Position 4,577,020 96,695 - - 4,673,715 Beginning Net Position 109,820,826 1,743,212 - 1,485,882 113,049,920 Ending Net Position 114,397,846$ 1,839,907$ -$ 1,485,882$ 117,723,635$ Statement of Cash Flows Net Cash from Operating Activities 10,341,729$ 184,792$ -$ -$ 10,526,521$ Net Cash from Capital and Related Financing Activities (10,271,978) (30,743) 3,178,338 (3,178,338) (10,302,721) Net Cash from Investing Activities 61,847 (117) (3,178,338) 3,178,338 61,730 Beginning Cash and Equivalents 13,520,252 225,018 - - 13,745,270 Ending Cash & Equivalents 13,651,850$ 378,950$ -$ -$ 14,030,800$ DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 36 1) REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued B) Measurement Focus, Basis of Accounting and Financial Statement Presentation The accounting and financial reporting treatment is determined by the applicable measurement focus and basis of accounting. Measurement focus indicates the type of resources being measured su ch as current financial resources or economic resources. The basis of accounting indicates the timing of transactions or events for recognition in the financial statements. The District uses the economic resources measurement focus and the accrual basis o f accounting. Accordingly, revenues are recognized when they are earned and expenses are recorded when the liability is incurred. C) Comparative Data Prior year data has been included where practical for comparison purposes only. The prior year data does not represent a complete presentation in accordance with generally accepted accounting principles. D) Inventory Valuation Inventories are valued at cost using the average-cost method. E) Capitalization and Depreciation Capital assets purchased or constructed by the District are recorded at cost. Donated capital assets received prior to the implementation of GASB 72 were recorded at fair value on the date of donation. Donated capital assets received subsequent to the implementation of GASB 72 are recorded at acquisition value as of the date received. The District has a capitalization threshold of $5,000. Depreciation is computed using the straight-line method over the estimated useful lives of the various assets. Water canals, water, and wastewater lines are depreciated over 25 to 50 years; office equipment and vehicles are depreciated over 5 years. Water stock and rights contributed to the District are recorded at the same value the District is currently paying for the purchase of similar stock. F) Reclassifications Certain reclassifications have been made to the prior year information to conform to the current year presentation. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 37 1) REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued G) Restricted Assets Certain assets of the District are restricted in use by ordinance or debt covenant and accordingly are shown as restricted assets on the accompanying Statement of Net Position. Unexpended Bond proceeds are set aside for capital improvements, District deposits into Bond trustee accounts are to be used for debt service, and utility deposits must be returned to the customers at their request after their account has been paid timely for 12 consecutive months, or when their account is closed. H) Cash and Cash Equivalents For the purposes of the statement of cash flows, cash and cash equivalents have been defined as demand deposits and highly liquid investments purchased with an original maturity of 3 months or less. The District invests funds with the Local Agency Investment Fund (LAIF) and Money Market Mutual Funds. Due to the high liquidity of these investments, these funds are classified as cash equivalents. I) Investments The District has adopted the provisions of GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and External Pools (GASB 31), which require governmental entities to report certain investments at fair value in the statement of net position and recognize the corresponding change in the fair value of investments in the year in which the change occurred. J) Deferred Outflows/Inflows of Resources In addition to assets, the statement of financial position includes a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to f uture periods and so will not be recognized as an outflow of resources (expense/expenditure) until then. The District has two items which qualify for reporting in this category; Deferred Charge on Refunding and Deferred Outflows related to Pensions. In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate finanancial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The District has one item which qualify for reporting in this category; Deferred Inflows related to Pensions. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 38 1) REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued K) Compensated Absences The District has a policy whereby an employee can accumulate unused sick leave and vacation. Sick leave is to be used for extended periods of sickness; however, upon termination or retirement, a portion will be paid as additional benefits to the employee. At retirement or termination, employees who have accumulated over ten years of service will be paid between 40 to 70% of their unused sick leave (based upon their balance of unused sick leave) at their regular payroll rates in effect at the date of termination. Also, employees that obtain 196 unused sick hours can cash out 40 hours at their discretion. The District has provided for these future costs by accruing a range of the earned and unused sick leave and 100% of the earned and unused vacation. L) Classification of Revenue As an enterprise (proprietary) fund, the District classifies its revenues into three classifications: operating revenue, non-operating revenue, and contributions. Operating revenues are defined as revenues realized by the District in exchange for providing its primary services of water distribution and wastewater collection to its customers. Non-operating revenues are those derived from the investment of cash reserves and from the disposal of excess property, and also include those resources received from entities other than customers, such as governmental agencies and developers, for purposes not related to capital improvement. Donated plant and cash received for capital improvement without the requirement that the District give resources in exchange are recorded as contributions. M) Use of Restricted Resources The District uses restricted resources, prior to using unrestricted resources, to pay expenses meeting the criteria imposed on the use of restricted resources by a third party. N) Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. O) Pension For purposes of measuring the net pension liability and deferred outflows/inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the District’s California Public Employees’ Retirement System (CalPERS) plans (Plans) are additions to/deductions from the Plans’ fiduciary net position have been determined on the same basis as they are reported by CalPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 39 1) REPORTING ENTITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued P) Future Accounting Pronouncements The applicable GASB Statements listed below will be implemented in future financial statements: Table 1-2 GASB Statement Description Effective Date Statement No. 83 Certain Asset Retirement Obligations The provisions in Statement 83 are effective for reporting periods beginning after June 15, 2018. Earlier application is encouraged. Statement No. 84 Fiduciary Activities The provisions in Statement 84 are effective for reporting periods beginning after December 15, 2018. Earlier application is encouraged. Statement No. 85 Omnibus 2017 The provisions in Statement 85 are effective for reporting periods beginning after June 15, 2017. Earlier application is encouraged. Statement No. 86 Certain Debt Extinguishment Issues The provisions in Statement 85 are effective for reporting periods beginning after June 15, 2017. Earlier application is encouraged. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 40 2) CASH AND INVESTMENTS Cash and Investments as of June 30, 2017 are classified in the accompanying financial statements as follows: Table 2-1 Cash and Cash Equivalents 7,556,013$ Restricted Cash and Cash Equivalents 6,474,787 Investments 4,995,176 Total 19,025,976$ Cash and investments as of June 30, 2017 consist of the following: Table 2-2 Cash on Hand 5,250$ Deposits with Financial Institutions 1,359,809 Money Market Accounts with Financial Institutions 548,240 Investments with Local Agency Investment Fund 12,117,501 Investment in Debt Securities 4,995,176 Total 19,025,976$ Investments Authorized by the California Government Code and the District’s Investment Policy The table below identifies the investment types that are authorized by the District's investment policy and in accordance with Section 52601 of the California Government Code The table also identifies certain provisions of the District's investment policy that address interest rate risk and concentration of credit risk. Table 2-3 Authorized Investment Type Maximum Maturity Authorized Limit Required Rating Bonds and Certificates of Participation by EVWD 5 years None None U.S. Treasury Bills, Notes, or Bonds 5 years None None State Registered Warrants, Notes, or Bonds 5 years None None Notes and Bonds of other Local California Agencies 5 years None None U.S. Agencies 5 years None None Negotiable Certificates of Deposits 5 years 30%None Money Market Mutual Funds and Mutual Funds 5 years 15%2 - AAA Collateralized Bank Deposits 5 years None None Local Agency Investment Fund (LAIF)N/A None None At June 30, 2017, the District had no investments in repurchase agreements and did not utilize this investment media during the reporting year. As a matter of investment policy, the District does not borrow funds through the use of reverse repurchase agreements. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 41 2) CASH AND INVESTMENTS - Continued Disclosures Relating to Interest Rate Risk Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways that the District minimizes its exposure to this type of risk is by investing in investments with laddered maturity dates. As of June 30, 2017, the District had the following investments and maturities: Table 2-4 Investment Type Fair Value Average Maturity Fannie Mae 1,178,383$ 3.01 years Freddie Mac 1,435,224 2.78 years Federal Home Loan Bank 703,325 2.98 years US Treasury 1,285,642 3.25 years Tenn Valley Authority 392,602 2.46 years LAIF 12,117,501 N/A Money Market Mutual Funds 548,207 N/A Disclosures Relating to Credit Risk Generally, credit risk is the risk that an issuer of an investm ent will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below is the minimum rating required by (where applicable) the California Government Code or the District’s investment policy, and the actual rating as of year end for each investment type. Table 2-5 Investment Type Fair Value Minimum Legal Rating Exempt From Disclosure Rating at Year End AAA Not Rated Fannie Mae 1,178,383$ N/A -$ 1,178,383$ -$ Freddie Mac 1,435,224 N/A - 1,435,224 - Federal Home Loan Bank 703,325 N/A - 703,325 - US Treasury 1,285,642 N/A 1,285,642 - - Tenn Valley Authority 392,602 N/A - 392,602 - LAIF 12,117,501 N/A - - 12,117,501 Money Market Mutual Funds 548,207 N/A - 548,207 - 17,660,884$ 1,285,642$ 4,257,741$ 12,117,501$ DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 42 2) CASH AND INVESTMENTS – Continued Fair Value Measurements The District categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. These principles recognize a three-tiered fair value hierarchy, as follows: • Level 1: Investments reflect prices quoted in active markets; • Level 2: Investments reflect prices that are based on a similar observable asset either directly or indirectly, which may include inputs in markets that are not considered to be active; and, • Level 3: Investments reflect prices based upon unobservable sources. The District has the following recurring fair value measurements as of June 30, 2017: Table 2-6 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Investments by Fair Value Level (Level 1)(Level 2)(Level 3) Debt Securities Fannie Mae 1,178,383$ -$ -$ Freddie Mac 1,435,224 - - Federal Home Loan Bank 703,325 - - US Treasury 1,285,642 - - Tenn Valley Authority 392,602 - - Total Investments Measured at Fair Value 4,995,176$ -$ -$ Investments Measured at Amortized Cost LAIF 12,117,501 Money Market Mutual Funds 548,207 Total Investments 17,660,884$ Fair Value Measurements Using Disclosure Related to Concentration of Credit Risk The District's policy places no limits on amounts invested in any given issuer beyond that stipulated by the California Government Code. At June 30, 2017, there were no investments (other than external pools, U.S. Government Securities and Money Market Mutual Funds) that exceeded 5% of the District's total investments. Custodial Credit Risk Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., broker-dealer) to a transaction, a government will not be able to recover the value of its DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 43 2) CASH AND INVESTMENTS – Continued investment or collateral securities that are in the possession of another party. The California Government Code requires California banks and savings and loan associations to secure deposits by pledging government securities as collateral. Such collateralization of public funds is accomplished by pooling. As such, collateralized securities are held by the pledging financial institution's agent on behalf of the District. The fair value of the pledged securities must equal at least 110% of Districts deposits. California law also allows financial institutions to secure deposits by pledging first trust deed mortgage notes having a value of 150% of the secured public deposits. The District may waive collateral requirements for deposits which are fully insured by Federal depository insurance. As of June 30, 2017, the District had $1,516,437 deposited with financial institutions that were in excess of federal depository insurance limits. The federal deposit insurance limit is $250,000. Investment in State Investment Pool The management of the State of California Pooled Money Investment Account (generally referred to as LAIF) has reported to its participating agencies that, as of June 30, 2017, the carrying amount (at amortized cost) of the pool was $77,559,119,072 and the estimated fair value of the pool was $77,539,216,146. The District's proportionate share of the fair value (as determined by LAIF) as of June 30, 2017, was $12,117,503. Included in LAIF's investment portfolio are collateralized mortgage obligations, mortgage-backed securities, other asset-backed securities, loans to certain State funds, and floating rate securities issued by federal agencies, government- sponsored enterprises, and corporations. 3) RESTRICTED CASH AND CASH EQUIVALENTS Restricted cash and cash equivalents at June 30, 2017 are restricted as follows: Table 3-1 Held for Debt Service 1,677,083$ Capacity Fees from Developers 2,629,058 Customer Deposits 1,670,446 Construction Advances 119,250 North Fork Water Company 378,950 Total 6,474,787$ DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 44 4) CAPITAL ASSETS A summary of changes in capital assets for the year ended June 30, 2017 is as follows: Table 4-1 Beginning of End of Year Additions Deletions Year Water Fund Non-Depreciable Assets Land and Easements 8,563,144$ 2,642,688$ (1,049,907)$ 10,155,925$ Water Rights 738,835 - - 738,835 Construction in Progress 4,608,600 8,054,384 (5,380,050) 7,282,934 Total Non-Depreciable Assets 13,910,579 10,697,072 (6,429,957) 18,177,694 Depreciable Assets Source of Supply 16,487,898 132,824 (29,873) 16,590,849 Pumping Plant 13,106,027 1,278,798 - 14,384,825 Treatment Plant 25,006,265 23,278 - 25,029,543 Transmission and Distribution Plant 94,982,440 3,912,169 (515,250) 98,379,359 General Plant 16,601,839 835,209 (110,719) 17,326,329 Total Depreciable Assets 166,184,469 6,182,278 (655,842) 171,710,905 Accumulated Depreciation Source of Supply (5,379,587) (570,599) 29,873 (5,920,313) Pumping Plant (5,072,641) (539,339) - (5,611,980) Treatment Plant (7,443,430) (1,225,517) - (8,668,947) Transmission and Distribution Plant (33,485,830) (2,643,635) 515,250 (35,614,215) General Plant (3,683,354) (753,757) 110,719 (4,326,392) Total Accumulated Depreciation (55,064,842) (5,732,847) 655,842 (60,141,847) Water Fund Capital Assets, Net 125,030,206 11,146,503 (6,429,957) 129,746,752 Wastewater Fund Non-Depreciable Assets Land and Easements 3,921,962 - (3,208,022) 713,940 Construction in Progress 6,444,223 2,732,551 (123,783) 9,052,991 Total Non-Depreciable Assets 10,366,185 2,732,551 (3,331,805) 9,766,931 Depreciable Assets Wastewater Collection Plant 26,923,778 123,783 - 27,047,561 General Plant 9,324,008 225,615 (303,469) 9,246,154 Total Depreciable Assets 36,247,786 349,398 (303,469) 36,293,715 Accumulated Depreciation Wastewater Collection Plant (13,311,722) (476,169) - (13,787,891) General Plant (2,797,982) (308,458) 303,469 (2,802,971) Total Accumulated Depreciation (16,109,704) (784,627) 303,469 (16,590,862) Wastewater Fund Capital Assets, Net 30,504,267 2,297,322 (3,331,805) 29,469,784 Total Capital Assets, Net 155,534,473$ 13,443,825$ (9,761,762)$ 159,216,536$ DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 45 5) LONG-TERM DEBT The schedule below summarizes changes in long-term debt during the year ended June 30, 2017: Table 5-1 Beginning Balance Additions Retirements/ Payments Ending Balance Current Portion Long-Term Portion 2010 Refunding Bonds 27,530,000$ -$ (1,380,000)$ 26,150,000$ 1,435,000$ 24,715,000$ Unamortized Premium 1,748,802 - (80,741) 1,668,061 80,741 1,587,320 2013 Refunding Bonds 12,085,000 - - 12,085,000 - 12,085,000 Unamortized Premium 574,245 - (20,300) 553,945 20,300 533,645 Unamortized Discount (36,486) - 1,353 (35,133) (1,353) (33,780) U.S. Bank Lease Purchase 3,299,108 - (388,557) 2,910,551 388,244 2,522,307 SBVMWD Loan - 4,367,927 - 4,367,927 436,793 3,931,134 Dept Water Resources Contracts AVAD Construction 98,050 - (6,762) 91,288 6,762 84,526 Plant 134 Construction 6,768,565 - (233,399) 6,535,166 233,399 6,301,767 Plant 150 Design 50,000 - (20,000) 30,000 20,000 10,000 EFAD Construction 351,434 - (13,016) 338,418 13,016 325,402 Total 52,468,718$ 4,367,927$ (2,141,422)$ 54,695,223$ 2,632,902$ 52,062,321$ 2010 Refunding Revenue Bonds On October 29, 2010, the District issued $33,545,000 of East Valley Water District Financing Authority Refunding Revenue Bonds, Series 2010 (2010 Bonds), with interest rates ranging from 2.00% to 5.00%. The purpose for issuing the 2010 Bonds was to provide $16,000,000 for future capital improvements, and for refunding virtually all of the Districts outstanding long-term debt. The refunded debt included 1) $5,935,000 in 2001 Certificates of Participation bearing interest rates ranging from 4.25% to 5.00%, 2) a $7,867,528 balance on a 2004 Installment Sale Note bearing interest at 4.50%, and 3) a $5,109,854 balance on a 2006 Installment Sale Note bearing interest at 4.95%. The refunding portion of the 2010 Bonds ($17,170,000) were issued at a premium of $1,63 0,726, and after paying issuance costs of $318,849, net proceeds were $18,481,877. The net proceeds, combined with a $920,318 sinking fund for 2001 COP debt service, were sufficient to accomplish the refunding of the existing debt. The refunding resulted in a difference between the reacquisition price and the carrying amount of the old debt of $259,548. This difference is included in the accompanying financial statements as a Deferred Outflows of Resoures and is being charged to operations through the year 2024 using the straight-line method of amortization. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 46 5) LONG-TERM DEBT - Continued 2013 Revenue Bonds On June 19, 2013 the District issued $12,085,000 of East Valley Water District Financing Authority Revenue Bonds, Series 2013 (2013 Bonds), with interest rates ranging from 4.00% to 5.00%. The purpose for issuing the 2013 Bonds was to provide financing for water and wastewater capital improvements, primarily construction of a new administration and operations headquarters complex. US Bank Lease Purchase On November 13, 2013 the District entered into a Lease Purchase Agreement with US Bancorp Government Leasing and Finance, Inc. (US Bank), in order to implement Energy Conservation Measures (ECM) identified in a comprehensive energy conservation and operational efficiency study prepared by Honeywell International, Inc. (Honeywell). Honeywell has been contracted to install the facilities necessary to achieve the energy savings identified in their study, and has guaranteed that the savings will be sufficient to pay the debt service on the lease with US Bank. Project costs paid to Honeywell, and the amount borrowed from US Bank under the lease agreement is $3,998,560 with an interest rate of 2.3 8%. Semi-annual payments are $226,398, to commence on September 2014 through March 2024. San Bernardino Valley Municipal Water District - City Creek Turnout and Plant 134 Hydroelectric Station Loan On January 20, 2015, the District entered into an agreement with the SBVMWD for the construction, financing, and maintenance of a turnout by which the District’s surface water treatment plant can receive State Project water. The total amount borrowed for construction of the project is $4,367,927 bearing interest at the State of California Local Agency Investment Fund (LAIF) apportionment rate, which is 0.92% at June 30, 2017. Debt service payments are to be made annually on February 1st over ten years. Department of Water Resources Contract 00C412 - Arroyo Verde Assessment District (AVAD) On June 30, 2004, the District entered into a Funding Agreement for replacement of distribution pipelines in the section of the District's service area formerly served by the Arroyo Verde Water Company. The original loan amount was $169,052 with an annual interest rate of 0%. Semi-annual payments of $3,381 are due through January 2031 and are secured by annual assessments to property owners within the Arr oyo Verde Assessment District. Department of Water Resources Contract 10CX110 - Plant 134 On December 21, 2010, the District entered into a Funding Agreement to upgrade treatment methods utilized by the District's surface water treatment plant (Plant 134). The amount borrowed under the agreement is $7,001,964 with an annual interest rate of 0%. Semi-annual payments of $116,699 are due through January 2045, and are secured by a pledge of net revenues of the District's water operating fund. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 47 5) LONG-TERM DEBT - Continued Department of Water Resources Contract 10PX102 - Plant 150 Design On March 11, 2011 the District entered into a Funding Agreement to assist in financing the cost of studies and planning of treatment facilities to address water quality issues threatening the District's lower zone wells (Plant 150). The amount of the loan is $100,000 with an annual interest rate of 0%. Semi-annual payments of $10,000 are due through July 2018 and are secured by a pledge of net revenues of the District's water operating fund. Department of Water Resources Contract 11CX101 - Eastwood Farms Assessment District On June 15, 2011 the District entered into a Funding Agreement for replacement of distribution pipelines in the section of the District's service area formerly serviced by the Eastwood Farms Water Users Association. The amount of the loan is $390,482 with an annual interest rate of 0%. Semi -annual payments of $6,508 are due for 30 years through January 2043. Repayment of the loan is secured by annual assessments to property owners within the Eastwood Farms Assessment District. The aggregate debt service requirements to maturity for long-term debt as of June 30, 2016 are as follows: Table 5-2 Year Ending June 30,Principal Interest Total 2018 2,533,212$ 1,802,170$ 4,335,382$ 2019 2,597,060 1,758,768 4,355,828 2020 2,676,104 1,667,848 4,343,952 2021 2,755,349 1,581,212 4,336,561 2022 2,249,802 1,510,628 3,760,430 2023-2027 9,918,718 6,635,048 16,553,766 2028-2032 6,740,743 5,416,479 12,157,222 2033-2037 8,038,075 4,097,795 12,135,870 2038-2042 9,916,076 2,218,221 12,134,297 2043-2045 5,083,211 227,000 5,310,211 Total 52,508,350$ 26,915,169$ 79,423,519$ Security for debt is as follows: Table 5-3 Debt Security 2010 and 2013 Refunding Revenue Bonds and Department of Water Resources Construction Loans The District is required to maintain net revenues, as defined by the revenue bond trust agreements and State of California Department of Public Health Funding agreements of at least 120% of District's annual debt service (principal and interest). At June 30, 2017, net water revenues represented 309% of the annual water debt service and net wastewater revenues represented 654% of the annual wastewater debt service. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 48 6) COMPENSATED ABSENCES Compensated absences are comprised of unused vacation leave and a limited amount of sick leave which is accrued as earned in accordance with District policy. The District's liability for compensated absences is determined annually. Current portions are det ermined based on estimates of usage, amounts in excess of 196 hours that will be voluntarily cashed out and amounts that will be cashed out upon termination of employment. Table 6-1 Beginning of Year Additions Usage / Payments End of Year Current Portion Long- Term Portion Accrued Vacation Leave 267,741$ 208,634$ (150,254)$ 326,121$ 193,727$ 132,394$ Accrued Sick Leave 502,223 77,938 (184,369) 395,792$ 129,911 265,881 Total 769,964$ 286,572$ (334,623)$ 721,913$ 323,638$ 398,275$ 7) NET INVESTMENT IN CAPITAL ASSETS Net Investment in capital assets at June 30, 2017 consisted of the following: Table 7-1 Non-Depreciable Capital Assets 27,944,626$ Depreciable Capital Assets 208,004,618 Accumulated Depreciation (76,332,707) Loans Payable (14,273,349) Bonds Payable (40,421,874) Deferred Amount on Refunding 138,482 Total 105,059,796$ DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 49 8) DEFINED BENEFIT PENSION PLAN (PERS) A) General Information about the Pension Plans Plan Description All qualified permanent and probationary employees are eligible to participate in the District’s Miscellaneous Employee Pension Plans, cost-sharing multiple employer defined benefit pension plans administered by the California Public Employees’ Retirement System (CalPERS). Benefit provisions under the Plans are established by State statue and East Valley Water District resolution. CalPERS issues publicly available reports that include a full description of the pension plans regarding benefit provisions, assumptions, and membership information that can be found on the CalPERS website. Benefits Provided CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 10 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2 W Death Benefit. The cost of living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law. The Plans’ provisions and benefits in effect at June 30, 2017, are summarized as follows: Table 8-1 Prior to On or after Hire Date January 1, 2013 January 1, 2013 Benefit Formula 2.7% @55 2.0% @62 Benefit Vesting Schedule 5 years service 5 years service Benefit Payments monthly for life monthly for life Retirement Age 50 - 55 52 - 67 Monthly Benefits, as a % of Eligible Compensation 2.0% to 2.7%1.0% to 2.5% Required Employee Contribution Rates 8.0%6.5% Required Employer Contribution Rates 11.348%6.647% Miscellaneous Contributions Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions for both Plans are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, w ith an additional amount to finance any unfunded accrued liability. The District is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 50 8) DEFINED BENEFIT PENSION PLAN (PERS) - Continued For the year ended June 30, 2017, the contributions recognized as part of pension expense for each Plan were as follows: Table 8-2 Miscellaneous Contributions - Employer $ 895,822 B) Pension Liabilities, Pension Expenses, and Deferred Outflows/Inflows of Resources Related to Pensions As of June 30, 2017, the District reported net pension liabilities for its proportionate shares of the net pension liability of each Plan as follows: Table 8-3 Proportionate Share of Net Pension Liability Miscellaneous $ 10,024,712 The District’s net pension liability for each Plan is measured as the proportionate share of the net pension liability. The net pension liability of each of the Plans is measured as of June 30, 2016, and the total pension liability for each Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2015 rolled forward to June 30, 2016 using standard update procedures. The District’s proportion of the net pension liability was based on a projection of the District’s long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined. The District’s proportionate share of the net pension liability for each Plan as of June 30, 2015 and 2016 was as follows: Table 8-4 Prior to On or after January 1, 2013 January 1, 2013 Proportion - June 30, 2015 11.550500%0.000025% Proportion - June 30, 2016 11.585100%0.000025% Change - Increase (Decrease)0.034600%0.000000% Miscellaneous DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 51 8) DEFINED BENEFIT PENSION PLAN (PERS) – Continued For the year ended June 30, 2017, the District recognized pension expense of $1,012,339. At June 30, 2017, the District reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Table 8-5 Deferred Outflows of Resources Deferred Inflows of Resources Difference between expected and actual experience $ 32,733 7,500$ Changes in Assumptions - 309,681 Net differences between projected and actual earnings on plan investments 1,611,789 - Change in employer's proportion 364,961 - Difference between the employer's contributions and the employer's proportionate share of contributions - 202,183 Pension contributions subsequent to measurement date 1,035,102 - Total $ 3,044,585 $ 519,364 $895,822 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2017. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows: Table 8-6 Year June 30, Amount 2018 $ 155,662 2019 173,262 2020 743,721 2021 417,472 2022 - Thereafter - DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 52 8) DEFINED BENEFIT PENSION PLAN (PERS) – Continued Actuarial Assumptions The total pension liabilities in the June 30, 2015 actuarial valuations were determined using the following actuarial assumptions: Table 8-7 Miscellaneous Valuation Date June 30, 2015 Measurement Date June 30, 2016 Actuarial Cost Method Entry-Age Normal Cost Method Actuarial Assumptions: Discount Rate 7.65% Inflation 2.75% Payroll Growth 3.00% Projected Salary Increase 3.3% - 14.2% (1) Investment Rate of Return 7.5% (2) (1) Depending on age; service and type of employment (2) Net of pension plan investment expenses, including inflation The underlying mortality assumptions and all other actuarial assumptions used in the June 30, 2015 valuation were based on the results of a January 2015 actuarial experience study for the period 1997 to 2007. Further details of the Experience Study can found on the CalPERS website. Discount Rate The discount rate used to measure the total pension liability was changed from 7.50% to 7.65% to correct an adjustment to exclude administrative expense for each Plan. To determine whether the municipal bond rate should be used in the calculation of a discount rate for each plan, CalPERS stress tested plans that would most likely result in a discount rate that would be different from the actuarially assumed discount rate. Based on the testing, none of the tested plans run out of assets. Therefore, the current 7.65 % discount rate is adequate and the use of the municipal bond rate calculation is not necessary. The long term expected discount rate of 7.65% will be applied to all plans in the Public Employees Retirement Fund (PERF). The stress test results are presented in a detailed report that can be obtained from the CalPERS website. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 53 8) DEFINED BENEFIT PENSION PLAN (PERS) – Continued CalPERS is scheduled to review all actuarial assumptions as part of its regular Asset Liability Management (ALM) review cycle that is scheduled to be completed in February 2018. Any changes to the discount rate will require Board action and proper stakeholder outreach. For these reasons, CalPERS expects to continue using a discount rate net of administrative expenses for GASB 67 and 68 calculations through at least the 2017-18 fiscal year. CalPERS will continue to check the materiality of the difference in calculation until such time as we have changed our methodology. The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. In determining the long-term expected rate of return, CalPERS took into account both short-term and long- term market return expectations as well as the expected pension fund cash flows. Using historical returns of all the funds’ asset classes, expected compound returns were calculated over the short-term (first 10 years) and the long-term (11 – 60 years) using a building-block approach. Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and long-term returns. The expected rate of return was then set equivalent to the single equivalent rate calculated above and rounded down to the nearest one quarter of one percent. The table below reflects the long-term expected real rate of return by asset class. The rate of return was calculated using the capital market assumptions applied to determine the discount rate and asset allocation. These rates of return are net of administrative expenses. Table 8-8 Asset Class New Strategic Allocation Real Return Years 1 - 10(a) Real Return Years 11 + (b) Global Equity 47.0%5.25%5.71% Global Fixed Income 19.0%0.99%2.43% Inflation Sensitive 6.0%0.45%3.36% Private Equity 12.0%6.83%6.95% Real Estate 11.0%4.50%5.13% Infrastructure and Forestland 3.0%4.50%5.09% Liquidity 2.0%-0.55%-1.05% Total 100.0% (a) An expected inflation of 2.5% used for this period (b) expected inflation of 3.0% used for this period DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 54 8) DEFINED BENEFIT PENSION PLAN (PERS) – Continued C) Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate The following presents East Valley Water District’s proportionate share of the net pension liability for each Plan, calculated using the discount rate for each Plan, as well as what the District’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1-percentage point higher than the current rate: Table 8-9 Miscellaneous 1% Decrease 6.65% Net Pension Liability $ 15,080,658 Current Discount Rate 7.65% Net Pension Liability $ 10,024,712 1% Increase 8.65% Net Pension Liability $ 5,846,227 D) Pension Plan Fiduciary Net Position Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports. E) Payable to the Pension Plan At June 30, 2017, the District reported a payable of $0 for the outstanding amount of contributions to the pension plan required for the year ended June 30, 2017. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 55 9) COMMITMENTS AND CONTINGENCIES Grant Awards Grant funds received by the District are subject to audit by the grantor agencies. Such audit could lead to requests for reimbursements to the grantor agencies for expenditures disallowed under terms of the gran t. Management of the District believes that such disallowances, if any, would not be significant. 10) RISK MANAGEMENT The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omission; injuries to employees; and natural disasters. The District participates in a joint powers agreement (JPA) with the Special District Risk Management Authority (Authority). The Authority is a risk -pooling self- insurance authority created under the provisions of California Government Code Section 6500 et. sec. The Authority is governed by a Board consisting of 7 directors that are either a manager or board member of a current member agency that were elected by members of SDRMA. The Board controls the operations of the Authority including selection of management and approval of operation budgets. The relationship between the District and the Authority is such that the Authority is not a component unit of the District for financial reporting purposes. Settled claims have been immaterial and claims liabilities have not been reported in these financial statements as of June 30, 2017, or in the previous fiscal year. The purpose of the Authority is to arrange and administer programs of insurance for the pooling of self -insured losses and to purchase excess insurance coverage. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 56 10) RISK MANAGEMENT - Continued At June 30, 2017, the District's participation in the self-insurance programs of the Authority was as follows: Table 10-1 Description Deductible Personal Injury and Property Damage Liability Coverage - General 10,000,000$ Per occurrence / aggregate where applicable $500 (property damage only) Personal Injury and Property Damage Liability Coverage - Auto 10,000,000$ Per accident None Public Officials and Employees Errors and Omissions Liability 10,000,000$ Per wrongful act / annual member aggregate None Employment Practices Liability 10,000,000$ Per wrongful employment practice / aggregate limits per member included with Public Officials and Employee Errors and Omissions Coverage None up to $10,000, 50% co-insurance from $10,000 to $50,000, none for amounts greater than $50,000 Employee Benefits Liability 10,000,000$ Per wrongful act / annual member aggregate None Employee Dishonesty Coverage 1,000,000$ Per loss None Public Officials Personal Liability 500,000$ Per occurrence / annual aggregate per Board Member $ 500 Automobile Physical Damage ACV Limits Replacement cost (stated value adjusted for depreciation on selected vehicles) $250/$500 or $500/$1,000 comprehensive / collision (as elected per vehicle) Uninsured Motorist Bodily Injury Coverage 750,000$ Per accident None Property Coverage 1,000,000,000$ Replacement cost for scheduled property if replaced (if not replaced within two years, actual cash value basis) $ 1,000 Boiler and Machinery 100,000,000$ Replacement cost $ 1,000 Limits DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 57 11) POSTEMPLOYMENT BENEFITS OTHER THAN PENSIONS Plan Description The District contributes to the retiree health coverage of eligible retirees and eligible surviving spouses. As of June 7, 2011, the District is part of the Public Agency portion of the California Employers’ Retiree Benefit Trust Fund (CERBT), an agent multiple-employer plan administered by California Public Employees’ Retirement System (CalPERS), which acts as a common investment and administrative agent for participating public employers within the State of California. A menu of benefit provisions as well as other requirements is established by State statute within the Public Employees’ Retirement Law. The District selects optional benefit provisions from the benefit menu by contract with CalPERS and adopts those benefits through District resolution. CalPERS issues a Comprehensive Annual Financial Report (CAFR). The CAFR is issued in aggregate and includes the sum of all CalPERS plans. Copies of the CalPERS CAFR may be obtained from the CalPERS Executive Office, 400 P Street, Sacramento, California 95814. Funding Policy The contribution requirements of plan members and the District are established and may be amended by the Board of Directors. At retirement, the District provides the minimum employer contribution under the CalPERS Health Program for eligible retirees and surviving spouses in receipt of a pension benefit from CalPERS. An employee is eligible for this employer contribution provided they are vested in their CalPERS pension benefit and commence payment of their pension benefit within 120 days of retirement with the District. Vesting requires at least five years of service. The surviving spouse of an eligible retiree who elected spouse coverage under CalPERS is eligible for the employer contribution upon death of the retiree. Employees retiring with at least 20 years of District service will receive an additional District contribution through attainment of Medicare eligibility age. The additional contribution is based on the negotiated dollar amount at retirement (currently $650 per month). The surviving spouse of an eligible retiree is eligible for the District's contribution upon the death of the retiree through the spouse's attainment of Medicare eligibility age. Directors who were first elected to office on or after July 1, 1994 shall be eligible to continue to receive health benefits upon termination on a self-pay basis. There are two Directors (in office prior to July 1, 1994) who are eligible for District-paid health care benefits and any covered spouse or dependents. The benefits are payable for the lifetime and the lifetime of any covered surviving spouse. Prior to June 7, 2011, the District contributed 100% of the cost of current year premiums for eligible retired plan members and their dependents. The District, as part of the CERBT, is required to contribute the annual required contribution of the employer (ARC), an amount actuarially determined in accordance with the parameters of GASB Statement 45. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each year and amortize any unfunded actuarial liabilities (or funding excess) over a closed 27 year period. The current ARC rate is 2.1% of the annual covered payroll. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 58 11) POSTEMPLOYMENT BENEFITS OTHER THAN PENSIONS - Continued Annual OPEB Cost The District's annual OPEB cost for the current year and the related information for the plan are as follows: Table 11-1 Annual Required Contribution 144,415$ Interest on Net OPEB Obligation (3,492) Adjustments to Annual Required Contribution 4,580 Annual OPEB Expense 145,503 Contributions Made (160,865) Increase (Decrease) in Net OPEB Obligation (15,362) Net OPEB Obligation - Beginning of Year (51,881) Net OPEB Obligation / (Asset) - End of Year (67,243)$ For 2017, 2016, and 2015, the District’s annual OPEB costs (expenses) were $145,503, $141,957, and $82,700, respectively. The District's annual OPEB cost has been recognized as a part of the administrative and general expenses in the accompanying Statement of Revenue, Expenses and Changes in Net Position. The District’s annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the net OPEB obligation for the 2017 and the two preceding years were as follows: Table 11-2 Percentage Net OPEB Fiscal Annual Actual of OPEB Obligation Year Ended OPEB Cost Contribution Contributed (Asset) 6/30/17 145,503$ 160,865$ 111%(67,243)$ 6/30/16 141,957$ 155,381$ 109%(51,881)$ 6/30/15 82,700$ 102,991$ 125%(38,457)$ DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 59 11) POSTEMPLOYMENT BENEFITS OTHER THAN PENSIONS - Continued Funded Status and Funding Progress The funded status of the plan as of June 30, 2015, was as follows: Table 11-3 Actuarial Accrued Liability (AAL)1,547,909$ Actuarial Value of Plan Assets 467,926$ Unfunded Actuarial Accrued Liability (UAAL)1,079,983$ Funded Ratio (Actuarial Value of Plan Assets/AAL)30% Covered Payroll (Active Plan Members)4,810,000$ UAAL as a Percentage of Covered Payroll 22% Actuarial valuations involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and the healthcare cost trend. Amounts determined regarding the funded status of the plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress, presented as required supplementary information following the notes to the financial statements, presents multiyear trend information that shows whether the actuarial value of the plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits. Actuarial Methods and Assumptions Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long -term perspective of the calculations. DR A F T EAST VALLEY WATER DISTRICT Notes to the Basic Financial Statements Year Ended June 30, 2017 60 11) POSTEMPLOYMENT BENEFITS OTHER THAN PENSIONS - Continued The following is a summary of the actuarial assumptions and methods: Table 11-4 Valuation Date June 30, 2015 Actuarial Cost Method Entry Age Normal Amortization Method Level Percent of Payroll Remaining Amortization Period 3 Years Closed Period Actuarial Assumptions: Investment Rate of Return 6.73% Projected Salary Increase 3.00% 2016 - 2017 Health Care Trend Rate 7.00% 2018 - 2021 Health Care Trend Rate 6.00% 2021 - Thereafter Health Care Trend Rate 5.00% Inflation Rate 2.80% Post Retirement Benefit Increases 0.00% 12) CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS The District has one siginiciant active construction project commitment as of June 30, 2017. The contract is related to the consulting firm the District hired to assist in the evaluation and selection of the design of the Recycled Water Facility. Table 12-1 Contractual Commitments Spent to Date Remaining Commitment Wastewater Treatment Plant Design/Build Consulting 48,434$ 326,566$ 13) SPECIAL ITEMS – ABANDONED PROJECTS In August 2007, the District purchased a 22 acre parcel of land (Sterling Avenue) for the purpose of building an administration and operations headquarters facility. Between 2007 and 2011 the District incurred costs for preliminary design and studies, and recorded capitalized interest for the “Headquarters Project” for a total of $1,615,241 As part of the purchase transaction, the District received a credit from the sellers for an avigation easement, held by a nearby airport, that significantly impaired the use of 7 of the 22 acres. The District tried unsuccessfully to negotiate the removal of the easement as it no longer serves to preserve the flight path for an active runway. Litigation to remove the easement was also unsuccessful. Due to the District’s inability to remove the easement on the Sterling Avenue property, the headquarters facility was constructed on another site in 2014 and, as a result, the Sterling Avenue property is being marketed for sale. The costs incurred for preliminary design, studies and capitalized interest at the Sterling property will no longer result in a Capital Asset and have therefore been written off on the accompanying Statement of Revenues, Expenses, and Changes in Net Position as a Special Item. DR A F T 61 DR A F T East Valley Water District Schedule of Proportionate Share of Net Pension Liability Year Ended June 30, 2017 Last Ten Years* 62 2017 2016 2015Proportion of the Net Pension Liability 11.58510%0.11551%10.63230% Proportionate Share of the Net Pension Liability $ 10,024,712 $ 7,928,173 $ 6,615,935 Covered - Employee Payroll $ 5,097,156 $ 4,715,712 $ 4,436,236 Proportionate Share of the Net Pension Liability as Percentage of Covered-Employee Payroll 196.67%168.12%149.13% Plan's Fiduciary Net Position $ 27,529,345 $ 28,045,198 $ 29,336,566 Plan's Fiduciary Net Position as a Percentage of the Total Pension Liability 74.06%78.40%79.82% * - Fiscal year 2015 was the first year of implementation, therefore only three years are shown. DR A F T East Valley Water District Schedule of Contributions Year Ended June 30, 2017 Last Ten Years* 63 2017 2016 2015 Contractually Required Contribution (Actuarially Determined)1,035,102$ 895,822$ 742,546$ Contributions in Relation to the Actuarially Deteremined Contributions 1,035,102$ 895,822$ 742,546$ Contribution Deficiency (Excess)-$ -$ -$ Covered-Employee Payroll $ 4,832,160 $ 5,097,156 $ 4,715,712 Contributions as a Percentage of Covered-Employee Payroll 21.42% 17.57% 15.75% * - Fiscal year 2015 was the first year of implementation, therefore only three years are shown. DR A F T East Valley Water District Schedule of Funding Progress for Retirees Health Coverage Year Ended June 30, 2017 64 Actuarial Valuation Date Actuarial Value of Assets Actuarial Accrued Liability (AAL) Entry Age Unfunded AAL (UAAL) Funded Ration Covered Payroll UAAL as a Percentage of Covered Payroll (A)(B)(B - A)(A / B)(C)[(B - A) / C] 06/30/15 467,926$ 1,547,909$ 1,079,983$ 30.23% 4,810,000$ 22.45% 06/30/13 398,241$ 968,388$ 570,147$ 41.12% 4,325,000$ 13.18% 06/30/11 74,958$ 778,688$ 703,730$ 9.63% 4,914,556$ 14.32% DR A F T 65 DR A F T 66 DR A F T East Valley Water District History and Organization Year Ended June 30, 2017 67 Formation of the District The Board of Supervisors of San Bernardino County approved a petition in writing for the formation of the East Valley Water District (formerly East San Bernardino County Water District) under Division 12 of the Water Code of the State of California and ordered an election held January 12, 1954. The formation of the District was voted by the electors. The Board of Supervisors of San Bernardino County, by action on January 18, 1954, approved the formation of the District. Incorporation of the "East Valley Water District" was approved by the State of California on February 1, 1954. East Valley Water District Financing Authority The East Valley Water District Financing Authority (Authority) is a public body organized and existing under a Joint Exercise of Powers Agreement, and under the Constitution and laws of the State of California, between East Valley Water District and the California Municpal Finance Authority. The Authority was formed to assist in the financing and refinancing of capital improvement projects of the District for the use, benefit, and enjoyment of the public. Nature of Business The District has been engaged in the furnishing of water service and wastewater transmission services to its customers since inception. Location The District office is located at 31111 Greenspot Road, Highland, California. The office is situated within the District's boundaries which encompass an area of approximately 27.7 square miles within the County of San Bernardino, California. Directors Ronald Coats Chairman of the Board Chris Carrillo Vice-Chairman of the Board David Smith Governing Board Member James Morales, Jr.Governing Board Member Nanette Shelton Governing Board Member East Valley Water District Ronald Coats President Chris Carrillo Vice President John Mura Secretary/Executive Director Brian W. Tompkins Director of Finance East Valley Water District Financing Authority Management John Mura General Manager/CEO Brian W. Tompkins Chief Financial Officer/Treasurer East Valley Water District Professional Consultants The JC Law Firm serves as general counsel for the District. Additionally, the firms Filarsky & Watt LLP and Musick, Peeler & Garrett LLP, served as special counsel for the District. DR A F T East Valley Water District Combining Schedule of Net Position June 30, 2017 68 Water Wastewater Total ASSETS Current Assets: Cash & Cash Equivalents 4,532,551$ 3,023,462$ 7,556,013$ Investments 3,148,251 1,846,925 4,995,176 Accounts Receivable, Net 4,261,610 257,452 4,519,062 Interest Receivable 24,297 12,936 37,233 Other Receivables 375,893 - 375,893 Due from Other Governments 1,401,449 - 1,401,449 Inventory 319,302 6,721 326,023 Prepaid Expenses 262,339 35,069 297,408 Total Current Assets 14,325,692 5,182,565 19,508,257 Non-Current Assets: Restricted Cash & Cash Equivalents 5,767,808 706,979 6,474,787 Assessments Receivable 386,243 - 386,243 Capital Assets not being Depreciated 18,177,694 9,766,931 27,944,625 Capital Assets, Net (Note 4)111,569,058 19,702,853 131,271,911 Total Non-Current Assets 135,900,803 30,176,763 166,077,566 Total Assets 150,226,495 35,359,328 185,585,823 DEFERRED OUTFLOWS OF RESOURCES Deferred Charge on Refunding 138,482 - 138,482 Deferred Outflows - Pensions 2,374,775 669,810 3,044,585 Total Deferred Outflows 2,513,257 669,810 3,183,067 Total Assets and Deferred Outflows of Resources 152,739,752$ 36,029,138$ 188,768,890$ (Continued) DR A F T East Valley Water District Combining Schedule of Net Position – Continued June 30, 2017 69 Water Wastewater Total LIABILITIES Current Liabilities: Accounts Payable & Accrued Expenses 2,234,805$ 227,080$ 2,461,885$ Accrued Payroll & Benefits 279,403 83,596 362,999 Customer Service Deposits 1,670,446 - 1,670,446 Construction Advances and Retentions 111,160 8,090 119,250 Accrued Interest Payable 414,532 54,931 469,463 Current Portion of Compensated Absences 262,723 60,915 323,638 Current Portion of Long-Term Debt 2,519,944 112,958 2,632,902 Total Current Liabilities 7,493,013 547,570 8,040,583 Non-Current Liabilities: Compensated Absences, Less Current Portion 321,666 76,609 398,275 Net Pension Liability 7,819,275 2,205,437 10,024,712 Long-Term Debt, Less Current Portion 47,326,623 4,735,698 52,062,321 Total Non-Current Liabilities 55,467,564 7,017,744 62,485,308 Total Liabilities 62,960,577 7,565,314 70,525,891 DEFERRED INFLOWS OF RESOURCES Deferred Inflows - Pensions 405,103 114,261 519,364 Total Liabilities and Deferred Inflows of Resources 63,365,680 7,679,575 71,045,255 NET POSITION Net Investment in Capital Assets 80,438,668 24,621,128 105,059,796 Restricted for:- Future Capital Expansion Projects 2,149,035 698,889 2,847,924 Unrestricted 6,786,369 3,029,546 9,815,915 Total Net Position 89,374,072$ 28,349,563$ 117,723,635$ DR A F T East Valley Water District Combining Schedule of Revenues, Expenses, and Changes in Net Position Year Ended June 30, 2017 70 Water Wastewater Total OPERATING REVENUE Water Sales 14,556,339$ -$ 14,556,339$ Wastewater Treatment Charges - 8,128,030 8,128,030 System Charges 8,944,652 4,703,439 13,648,091 Other Revenue 1,013,470 102,619 1,116,089 Total Operating Revenue 24,514,461 12,934,088 37,448,549 OPERATING EXPENSES Source of Supply: Salary & Benefits 531,951 - 531,951 Contract Services 309,399 - 309,399 Utilities 1,096,890 - 1,096,890 Insurance 4,060 - 4,060 Materials & Supplies 27,585 - 27,585 Purchased Water 1,173,521 - 1,173,521 Water Assessments 135,938 - 135,938 Chemicals 92,592 - 92,592 Taxes 29,126 - 29,126 Total Source of Supply 3,401,062 - 3,401,062 Pumping: Salary & Benefits 122,683 - 122,683 Contract Services 67,657 - 67,657 Utilities 433,612 - 433,612 Materials & Supplies 22,988 - 22,988 Total Pumping 646,940 - 646,940 Water Treatment: Salary & Benefits 312,714 - 312,714 Contract Services 199,261 - 199,261 Utilities 91,866 - 91,866 Materials & Supplies 16,761 - 16,761 Chemicals 129,450 - 129,450 Total Water Treatment 750,052 - 750,052 Wastewater Treatment: Treatment Services - 8,128,030 8,128,030 Transmission & Distribution: Salary & Benefits 1,600,201 - 1,600,201 Contract Services 294,755 - 294,755 Utilities 244,056 - 244,056 Materials & Supplies 39,085 - 39,085 Chemicals 18,728 - 18,728 Permits 26,128 - 26,128 Tools - - - Total Transmission & Distribution 2,222,953$ -$ 2,222,953$ (Continued) DR A F T East Valley Water District Combining Schedule of Revenues, Expenses, and Changes in Net Position - Continued Year Ended June 30, 2017 71 Water Wastewater Total OPERATING EXPENSES - Continued Wastewater Collection: Salary and Benefits -$ 275,319$ 275,319$ Contract Services - 115,281 115,281 Utilities - 135 135 Materials and Supplies - 28,847 28,847 Tools - 6,362 6,362 Total Wastewater Collection - 425,944 425,944 Customer Accounts: Salary & Benefits 789,922 224,156 1,014,078 Contract Services 632,998 115,039 748,037 Utilities 628 1,134 1,762 Materials & Supplies 7,012 1,794 8,806 General Office Supplies 3,594 617 4,211 Tools 164 - 164 Printing & Publishing 2,441 1,046 3,487 Professional Development 2,058 251 2,309 Postage 66,616 28,550 95,166 Total Customer Accounts 1,505,433 372,587 1,878,020 General & Administrative: Salary & Benefits 3,722,152 1,296,958 5,019,110 Contract Services 962,404 376,287 1,338,691 Conservation Rebates 287,837 - 287,837 Utilities 254,602 58,573 313,175 Insurance 136,941 58,689 195,630 Materials & Supplies 167,292 91,224 258,516 General Office Supplies 17,152 21,528 38,680 Legal Services 271,551 118,736 390,287 Permits 83,488 12,832 96,320 Memberships & Dues 77,503 32,089 109,592 Tools 14,495 6,767 21,262 Printing & Publishing 82,316 29,711 112,027 Professional Development 105,639 31,765 137,404 Rents & Leases 7,407 3,174 10,581 Total General & Administrative 6,190,779 2,138,333 8,329,112 OPERATING EXPENSES BEFORE DEPRECIATION 14,717,219 11,064,894 25,782,113 Depreciation 5,732,847 784,627 6,517,474 Total Operating Expenses 20,450,066 11,849,521 32,299,587 OPERATING INCOME (LOSS)4,064,395$ 1,084,567$ 5,148,962$ (Continued) DR A F T East Valley Water District Combining Schedule of Revenues, Expenses, and Changes in Net Position - Continued Year Ended June 30, 2017 72 Water Wastewater Total NON-OPERATING REVENUES Investment Income 73,315$ (4,078)$ 69,237$ Other Income 367,059 34,264 401,323 Total Non-Operating Revenues 440,374 30,186 470,560 NON-OPERATING EXPENSES Interest Expense 1,573,967 202,717 1,776,684 Total Non-Operating Expenses 1,573,967 202,717 1,776,684 INCOME BEFORE CONTRIBUTIONS 2,930,802 912,036 3,842,838 CONTRIBUTIONS: Capacity Charges 302,874 170,290 473,164 Contributed Plant - - - Capital Grants 1,972,954 - 1,972,954 Total Contributions 2,275,828 170,290 2,446,118 SPECIAL ITEM: Change in Accounting EstimateAbandon Capital Projects (1,049,907) (565,334) (1,615,241) CHANGE IN NET POSITION 4,156,723 516,992 4,673,715 TOTAL NET POSITION, BEGINNING 85,217,349 27,832,571 113,049,920 TOTAL NET POSITION, ENDING 89,374,072$ 28,349,563$ 117,723,635$ DR A F T 73 DR A F T East Valley Water District Combining Schedule of Cash Flows Year Ended June 30, 2017 74 Water Wastewater Total CASH FLOWS FROM OPERATING ACTIVITIES Cash Received from Customers 23,617,006$ 12,928,042$ 36,545,048$ Cash Payments for Employees Services (7,340,398) (1,829,994) (9,170,392) Cash Payments to Suppliers (8,388,860) (9,074,324) (17,463,184) Cash from Other Sources 580,785 34,264 615,049 Net Cash Provided (Used) by Operating Activities 8,468,533 2,057,988 10,526,521 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Grant Funds Received 587,650 - 587,650 Contributed Capital 302,874 170,290 473,164 Principal Paid on Capital Debt 2,421,191 (95,000) 2,326,191 Interest Paid on Capital Debt (1,653,322) (221,624) (1,874,946) Acquisition of Capital Assets (11,499,302) (315,478) (11,814,780) Net Cash Used for Capital and Related Financing Activities (9,840,909) (461,812) (10,302,721) CASH FLOWS FROM INVESTING ACTIVITIES Interest Received from Investments 112,909 13,109 126,018 Acquisition of Investment Securities (2,630,804) (1,063,463) (3,694,267) Proceeds from Sales of Investments 2,203,028 1,399,560 3,602,588 Loan Collections 27,391 - 27,391 Net Cash Provided by Investing Activities (287,476) 349,206 61,730 Net (Decrease) Increase in Cash and Cash Equivalents (1,659,852) 1,945,382 285,530 Cash and Equivalents, Beginning of Year 11,960,211 1,785,059 13,745,270 Cash and Equivalents, End of Year 10,300,359$ 3,730,441$ 14,030,800$ RECONCILIATION TO STATEMENT OF NET POSITION Cash and Cash Equivalents 4,532,551$ 3,023,462$ 7,556,013$ Restricted Cash and Cash Equivalents 5,767,808 706,979 6,474,787 Total Cash and Cash Equivalents 10,300,359$ 3,730,441$ 14,030,800$ (Continued) DR A F T East Valley Water District Combining Schedule of Cash Flows - Continued Year Ended June 30, 2017 75 Water Wastewater Total Reconciliation of Operating Income to Net Cash Provided by Operating Activities Operating Income (Loss)4,064,395$ 1,084,567$ 5,148,962$ Adjustments to Reconcile Operating Income (Loss) to Net Cash Provided by Operating Activities: Depreciation 5,732,847 784,627 6,517,474 Miscellaneous Income 580,785 34,264 615,049 Change in Assets and Liabilities: (Increase) Decrease in Accounts Receivable (942,681) (10,637) (953,318) (Increase) Decrease in Other Receivables - - - (Increase) Decrease in Inventory (73,061) - (73,061) (Increase) Decrease in Prepaids (3,122) (2,773) (5,895) Decrease in Deferred Outflows of Resources (1,399,778) (394,810) (1,794,588) Increase (Decrease) in Accounts Payable (655,406) 196,911 (458,495) Increase (Decrease) in Accrued Salaries and Benefits (240,959) (2,239) (243,198) Increase in Compensated Absences (21,738) (26,313) (48,051) Decrease in Net Pension Liability 1,635,301 461,238 2,096,539 Increase in Deferred Inflows of Resources (253,277) (71,437) (324,714) Decrease in Customer Deposits 40,066 - 40,066 Decrease in Developer Deposits 5,160 4,590 9,750 Total Cash Provided (Used) by Operating Activities 8,468,532$ 2,057,988$ 10,526,520$ NON-CASH INVESTING, CAPITAL, AND NON-CAPITAL FINANCING ACTIVITIES: Contributed PlantWrite-off of Abandoned Project Cost (1,049,907)$ (565,334)$ (1,615,241)$ Fair Value Adjustments to Investments (35,918) (20,265) (56,183) DR A F T East Valley Water District Principal and Interest Repayment Schedule Refunding Revenue Bonds – Series 2010 Year Ended June 30, 2017 76 Total Due Date Principal Interest Payments 10/01/17 1,435,000$ 4.00 % 592,806$ 2,027,806$ 04/01/18 - 4.00 556,931 556,931 10/01/18 1,500,000 5.00 556,931 2,056,931 04/01/19 - 5.00 519,431 519,431 10/01/19 1,580,000 5.00 519,431 2,099,431 04/01/20 - 5.00 479,931 479,931 10/01/20 1,650,000 4.00 479,931 2,129,931 04/01/21 - 4.00 446,931 446,931 10/01/21 1,030,000 4.00 446,931 1,476,931 04/01/22 - 4.00 426,331 426,331 10/01/22 1,075,000 4.00 426,331 1,501,331 04/01/23 - 4.00 404,831 404,831 10/01/23 1,120,000 4.00 404,831 1,524,831 04/01/24 - 4.50 382,431 382,431 10/01/24 1,155,000 4.50 382,431 1,537,431 04/01/25 - 4.00 356,444 356,444 10/01/25 700,000 4.00 356,444 1,056,444 04/01/26 - 4.00 342,444 342,444 10/01/26 730,000 4.00 342,444 1,072,444 04/01/27 - 4.00 327,844 327,844 10/01/27 760,000 4.00 327,844 1,087,844 04/01/28 - 4.00 312,644 312,644 10/01/28 790,000 4.00 312,644 1,102,644 04/01/29 - 4.00 296,844 296,844 10/01/29 820,000 4.00 296,844 1,116,844 04/01/30 - 4.00 280,444 280,444 10/01/30 855,000 4.00 280,444 1,135,444 04/01/31 - 4.25 263,344 263,344 10/01/31 885,000 4.25 263,344 1,148,344 04/01/32 - 4.25 244,538 244,538 10/01/32 925,000 4.25 244,538 1,169,538 04/01/33 - 4.25 224,881 224,881 10/01/33 965,000 4.25 224,881 1,189,881 04/01/34 - 5.00 204,375 204,375 10/01/34 1,005,000 5.00 204,375 1,209,375 (Continued) Interest Rate % DR A F T East Valley Water District Principal and Interest Repayment Schedule Refunding Revenue Bonds – Series 2010 - Continued Year Ended June 30, 2017 77 Total Due Date Principal Interest Payments 04/01/35 -$ 5.00 %179,250$ 179,250$ 10/01/35 1,055,000 5.00 179,250 1,234,250 04/01/36 - 5.00 152,875 152,875 10/01/36 1,105,000 5.00 152,875 1,257,875 04/01/37 - 5.00 125,250 125,250 10/01/37 1,165,000 5.00 125,250 1,290,250 04/01/38 - 5.00 96,125 96,125 10/01/38 1,220,000 5.00 96,125 1,316,125 04/01/39 - 5.00 65,625 65,625 10/01/39 1,280,000 5.00 65,625 1,345,625 04/01/40 - 5.00 33,626 33,626 10/01/40 1,345,000 5.00 33,626 1,378,626 Totals 26,150,000$ 14,039,546$ 40,189,546$ Interest Rate % DR A F T East Valley Water District Principal and Interest Repayment Schedule Revenue Bonds – Series 2013 Year Ended June 30, 2017 78 Total Due Date Principal Interest Payments 10/01/17 -$ - % 292,562$ 292,562$ 04/01/18 - - 292,563 292,563 10/01/18 - - 292,562 292,562 04/01/19 - - 292,563 292,563 10/01/19 - - 292,562 292,562 04/01/20 - - 292,563 292,563 10/01/20 - - 292,562 292,562 04/01/21 - - 292,563 292,563 10/01/21 105,000 5.00 292,562 397,562 04/01/22 - - 289,938 289,938 10/01/22 110,000 5.00 289,937 399,937 04/01/23 - - 287,188 287,188 10/01/23 115,000 5.00 287,187 402,187 04/01/24 - - 284,313 284,313 10/01/24 120,000 5.00 284,312 404,312 04/01/25 - - 281,313 281,313 10/01/25 225,000 5.00 281,313 506,313 04/01/26 - - 275,688 275,688 10/01/26 240,000 5.00 275,687 515,687 04/01/27 - - 269,688 269,688 10/01/27 250,000 5.00 269,687 519,687 04/01/28 - - 263,438 263,438 10/01/28 260,000 5.00 263,438 523,438 04/01/29 - - 256,938 256,938 10/01/29 275,000 5.00 256,937 531,937 04/01/30 - - 250,063 250,063 10/01/30 285,000 5.00 250,062 535,062 04/01/31 - - 244,363 244,363 10/01/31 305,000 4.00 244,363 549,363 04/01/32 - - 238,263 238,263 10/01/32 315,000 4.00 238,262 553,262 04/01/33 - - 231,963 231,963 10/01/33 325,000 4.00 231,962 556,962 04/01/34 - - 225,463 225,463 (Continued) Rate % Interest DR A F T East Valley Water District Principal and Interest Repayment Schedule Revenue Bonds – Series 2013 - Continued Year Ended June 30, 2017 79 Total Due Date Principal Interest Payments 10/01/34 352,000$ 4.00 %225,462$ 577,462$ 04/01/35 - - 217,345 217,345 10/01/35 367,000 5.00 217,345 584,345 04/01/36 - - 208,853 208,853 10/01/36 392,000 5.00 208,852 600,852 04/01/37 - - 199,735 199,735 10/01/37 407,000 5.00 199,735 606,735 04/01/38 - - 190,243 190,243 10/01/38 427,000 5.00 190,242 617,242 04/01/39 - - 180,250 180,250 10/01/39 450,000 5.00 180,250 630,250 04/01/40 - - 169,000 169,000 10/01/40 475,000 5.00 169,000 644,000 04/01/41 - - 157,125 157,125 10/01/41 1,915,000 5.00 157,125 2,072,125 04/01/42 - - 109,250 109,250 10/01/42 2,015,000 5.00 109,250 2,124,250 04/01/43 - - 58,875 58,875 10/01/43 2,355,000 5.00 58,875 2,413,875 Totals 12,085,000$ 12,411,640$ 24,496,640$ Interest Rate % DR A F T East Valley Water District Principal and Interest Repayment Schedule US Bancorp Installment Purchase Agreement Year Ended June 30, 2017 80 Total Due Date Principal Interest Payments 09/01/17 192,968$ 2.38 %34,808$ 227,776$ 03/01/18 195,276 2.38 32,500 227,776 09/01/18 197,365 2.38 30,165 227,530 03/01/19 199,725 2.38 27,804 227,529 09/01/19 201,860 2.38 25,416 227,276 03/01/20 204,274 2.38 23,002 227,276 09/01/20 206,455 2.38 20,559 227,014 03/01/21 208,924 2.38 18,090 227,014 09/01/21 211,153 2.38 15,591 226,744 03/01/22 213,679 2.38 13,066 226,745 09/01/22 215,957 2.38 10,511 226,468 03/01/23 218,539 2.38 7,928 226,467 09/01/23 220,867 2.38 5,314 226,181 03/01/24 223,509 2.38 2,671 226,180 Totals 2,910,551$ 267,425$ 3,177,976$ Interest Rate % DR A F T East Valley Water District Principal and Interest Repayment Schedule San Bernardino Valley Municipal Water District Loan Year Ended June 30, 2017 81 Total Due Date Principal Interest Payments 07/01/17 436,793$ 1.00 %-$ 436,793$ 07/01/18 436,793 1.00 39,311 476,104 07/01/19 436,793 1.00 34,943 471,736 07/01/20 436,793 1.00 30,575 467,368 07/01/21 436,793 1.00 26,208 463,001 07/01/22 436,793 1.00 21,840 458,633 07/01/23 436,793 1.00 17,472 454,265 07/01/24 436,793 1.00 13,104 449,897 07/01/25 436,793 1.00 8,736 445,529 07/01/26 436,790 1.00 4,371 441,161 Totals 4,367,927$ 196,560$ 4,564,487$ Interest Rate % DR A F T 82 DR A F T East Valley Water District Principal and Interest Repayment Schedule Department of Water Resources Construction Loan – Contract 00C412 Year Ended June 30, 2017 83 Total Due Date Principal Interest Payments 07/01/17 3,381$ - %-$ 3,381$ 01/01/18 3,381 - - 3,381 07/01/18 3,381 - - 3,381 01/01/19 3,381 - - 3,381 07/01/19 3,381 - - 3,381 01/01/20 3,381 - - 3,381 07/01/20 3,381 - - 3,381 01/01/21 3,381 - - 3,381 07/01/21 3,381 - - 3,381 01/01/22 3,381 - - 3,381 07/01/22 3,381 - - 3,381 01/01/23 3,381 - - 3,381 07/01/23 3,381 - - 3,381 01/01/24 3,381 - - 3,381 07/01/24 3,381 - - 3,381 01/01/25 3,381 - - 3,381 07/01/25 3,381 - - 3,381 01/01/26 3,381 - - 3,381 07/01/26 3,381 - - 3,381 01/01/27 3,381 - - 3,381 07/01/27 3,381 - - 3,381 01/01/28 3,381 - - 3,381 07/01/28 3,381 - - 3,381 01/01/29 3,381 - - 3,381 07/01/29 3,381 - - 3,381 01/01/30 3,381 - - 3,381 07/01/30 3,382 - - 3,382 Totals 91,288$ -$ 91,288$ Rate % Interest DR A F T East Valley Water District Principal and Interest Repayment Schedule Department of Water Resources Construction Loan – Contract 10CX110 Year Ended June 30, 2017 84 Total Due Date Principal Interest Payments 07/01/17 116,700$ - %-$ 116,700$ 01/01/18 116,699 - - 116,699 07/01/18 116,700 - - 116,700 01/01/19 116,699 - - 116,699 07/01/19 116,700 - - 116,700 01/01/20 116,699 - - 116,699 07/01/20 116,700 - - 116,700 01/01/21 116,699 - - 116,699 07/01/21 116,700 - - 116,700 01/01/22 116,699 - - 116,699 07/01/22 116,700 - - 116,700 01/01/23 116,699 - - 116,699 07/01/23 116,700 - - 116,700 01/01/24 116,699 - - 116,699 07/01/24 116,700 - - 116,700 01/01/25 116,699 - - 116,699 07/01/25 116,700 - - 116,700 01/01/26 116,699 - - 116,699 07/01/26 116,700 - - 116,700 01/01/27 116,699 - - 116,699 07/01/27 116,700 - - 116,700 01/01/28 116,699 - - 116,699 07/01/28 116,700 - - 116,700 01/01/29 116,699 - - 116,699 07/01/29 116,700 - - 116,700 01/01/30 116,699 - - 116,699 07/01/30 116,700 - - 116,700 01/01/31 116,699 - - 116,699 07/01/31 116,700 - - 116,700 01/01/32 116,699 - - 116,699 07/01/32 116,700 - - 116,700 01/01/33 116,699 - - 116,699 07/01/33 116,700 - - 116,700 01/01/34 116,699 - - 116,699 07/01/34 116,700 - - 116,700 (Continued) Interest Rate % DR A F T East Valley Water District Principal and Interest Repayment Schedule Department of Water Resources Construction Design Loan – Contract 10CX110 - Continued Year Ended June 30, 2017 85 Total Due Date Principal Interest Payments 01/01/35 116,699$ - %-$ 116,699$ 07/01/35 116,700 - - 116,700 01/01/36 116,699 - - 116,699 07/01/36 116,700 - - 116,700 01/01/37 116,699 - - 116,699 07/01/37 116,699 - - 116,699 01/01/38 116,699 - - 116,699 07/01/38 116,699 - - 116,699 01/01/39 116,699 - - 116,699 07/01/39 116,699 - - 116,699 01/01/40 116,699 - - 116,699 07/01/40 116,699 - - 116,699 01/01/41 116,699 - - 116,699 07/01/41 116,699 - - 116,699 01/01/42 116,699 - - 116,699 07/01/42 116,699 - - 116,699 01/01/43 116,699 - - 116,699 07/01/43 116,699 - - 116,699 01/01/44 116,699 - - 116,699 07/01/44 116,699 - - 116,699 01/01/45 116,701 - - 116,701 Totals 6,535,166$ -$ 6,535,166$ Rate % Interest DR A F T 86 DR A F T East Valley Water District Principal and Interest Repayment Schedule Department of Water Resources Construction Loan - Contract 10PX102 Year Ended June 30, 2017 87 Total Due Date Principal Interest Payments 07/01/17 10,000$ - %-$ 10,000$ 01/01/18 10,000 - - 10,000 07/01/18 10,000 - - 10,000 Totals 30,000$ -$ 30,000$ Rate % Interest DR A F T East Valley Water District Principal and Interest Repayment Schedule Department of Water Resources Construction Loan - Contract 11CX101 Year Ended June 30, 2017 88 Total Due Date Principal Interest Payments 07/01/17 6,508$ - %-$ 6,508$ 01/01/18 6,508 - - 6,508 07/01/18 6,508 - - 6,508 01/01/19 6,508 - - 6,508 07/01/19 6,508 - - 6,508 01/01/20 6,508 - - 6,508 07/01/20 6,508 - - 6,508 01/01/21 6,508 - - 6,508 07/01/21 6,508 - - 6,508 01/01/22 6,508 - - 6,508 07/01/22 6,508 - - 6,508 01/01/23 6,508 - - 6,508 07/01/23 6,508 - - 6,508 01/01/24 6,508 - - 6,508 07/01/24 6,508 - - 6,508 01/01/25 6,508 - - 6,508 07/01/25 6,508 - - 6,508 01/01/26 6,508 - - 6,508 07/01/26 6,508 - - 6,508 01/01/27 6,508 - - 6,508 07/01/27 6,508 - - 6,508 01/01/28 6,508 - - 6,508 07/01/28 6,508 - - 6,508 01/01/29 6,508 - - 6,508 07/01/29 6,508 - - 6,508 01/01/30 6,508 - - 6,508 07/01/30 6,508 - - 6,508 01/01/31 6,508 - - 6,508 07/01/31 6,508 - - 6,508 01/01/32 6,508 - - 6,508 07/01/32 6,508 - - 6,508 01/01/33 6,508 - - 6,508 07/01/33 6,508 - - 6,508 01/01/34 6,508 - - 6,508 07/01/34 6,508 - - 6,508 (Continued) Rate % Interest DR A F T East Valley Water District Principal and Interest Repayment Schedule Department of Water Resources Construction Loan - Contract 11CX101 - Continued Year Ended June 30, 2017 89 Total Due Date Principal Interest Payments 01/01/35 6,508$ - %-$ 6,508$ 07/01/35 6,508 - - 6,508 01/01/36 6,508 - - 6,508 07/01/36 6,508 - - 6,508 01/01/37 6,508 - - 6,508 07/01/37 6,508 - - 6,508 01/01/38 6,508 - - 6,508 07/01/38 6,508 - - 6,508 01/01/39 6,508 - - 6,508 07/01/39 6,508 - - 6,508 01/01/40 6,508 - - 6,508 07/01/40 6,508 - - 6,508 01/01/41 6,508 - - 6,508 07/01/41 6,508 - - 6,508 01/01/42 6,509 - - 6,509 07/01/42 6,509 - - 6,509 01/01/43 6,508 - - 6,508 Totals 338,418$ -$ 338,418$ Rate % Interest DR A F T 90 DR A F T 91 DR A F T EAST VALLEY WATER DISTRICT Changes in Net Position by Component Last Ten Fiscal Years 92 Year ended June 30, 2008 2009 2010 2011 2012 Change In Net Position Operating Revenue 23,198,698$ 24,535,251$ 24,427,059$ 25,205,990$ 28,652,017$ Operating Expenses 20,665,623 22,867,601 24,015,104 24,368,478 24,664,829 Operating Income (Loss)2,533,075 1,667,650 411,955 837,512 3,987,188 Non Operating Revenue (Expenses) Investment Income 510,361 235,826 61,192 87,589 84,094 Other Income 64,043 138,173 178,515 195,070 137,094 Interest Expense (776,466) (1,094,926) (989,019) (1,286,352) (1,451,516) Amortization (37,956) (37,956) (36,061) (32,851) (35,284) Loss on Disposal of Assets (36,983) (110,944) (133,412) (140,301) - (277,001) (869,827) (918,785) (1,176,845) (1,265,612) Special Item Abandoned Projects - - - - - Capital Contributions 2,806,993 1,737,025 101,233 778,049 3,562,822 Change in Net Position 5,063,067 2,534,848 (405,597) 438,716 6,284,398 Prior Period Adjustment - - - - 2,861,951 Net Position - Beginning 91,844,102 96,907,169 99,442,017 99,036,420 99,475,136 Net Position - Ending 96,907,169$ 99,442,017$ 99,036,420$ 99,475,136$ 108,621,485$ Net Position By Component Invested in Capital Assets 89,593,423$ 93,342,590$ 93,380,410$ 95,251,762$ 96,919,789$ Restricted - - - 103,029 416,250 Unrestricted 7,313,746 6,099,427 5,656,010 4,120,345 11,285,446 96,907,169$ 99,442,017$ 99,036,420$ 99,475,136$ 108,621,485$ (Continued) SOURCE: East Valley Water District - Finance Department DR A F T EAST VALLEY WATER DISTRICT Operating Revenue by Source Last Ten Fiscal Years 93 Year ended June 30,Year ended June 30, 2013 2014 2015 2016 2017 Change In Net Position Operating Revenue 31,513,194$ 32,620,577$ 30,743,445$ 33,024,082$ 37,448,549$ Operating Expenses 24,859,076 29,191,176 29,146,339 32,655,921 32,299,587 Operating Income (Loss)6,654,118 3,429,401 1,597,106 368,161 5,148,962 Non Operating Revenue (Expenses) Investment Income 55,310 49,846 100,830 146,874 69,237 Other Income 397,796 334,700 800,278 830,806 401,323 Interest Expense (1,445,981) (1,917,676) (1,980,062) (1,843,440) (1,776,684) Amortization (69,038) (99,688) - - - Loss on Disposal of Assets - (606,085) - - - (1,061,913) (2,238,903) (1,078,954) (865,760) (1,306,124) Special Item Abandoned Projects - - (2,413,478) - (1,615,241) Capital Contributions 832,515 6,369,890 596,940 732,642 2,446,118 Change in Net Position 6,424,720 7,560,388 (1,298,386) 235,043 4,673,715 Prior Period Adjustment (537,099) - (7,956,231) Net Position - Beginning 108,621,485 114,509,106 122,069,494 112,814,877 113,049,920 Net Position - Ending 114,509,106$ 122,069,494$ 112,814,877$ 113,049,920$ 117,723,635$ Net Position By Component Invested in Capital Assets 95,258,164$ 101,757,787$ 98,091,685$ 103,222,160$ 105,059,796$ Restricted 920,554 2,274,769 2,322,238 2,276,695 2,847,924 Unrestricted 18,330,388 18,036,938 12,400,954 7,551,065 9,815,915 114,509,106$ 122,069,494$ 112,814,877$ 113,049,920$ 117,723,635$ SOURCE: East Valley Water District - Finance Department DR A F T EAST VALLEY WATER DISTRICT Operating Revenue by Source Last Ten Fiscal Years 94 Wastewater Wastewater Total Year Ended Water Meter System Treatment Operating June 30, Sales Charges Charges Charges Other Revenue 2008 10,680,971$ 2,763,508$ 2,943,230$ 5,561,830$ 638,446$ 22,587,985$ 2009 11,767,683 3,096,902 3,407,900 5,631,258 763,245 24,666,988 2010 11,638,234 3,215,189 3,509,254 5,665,046 399,336 24,427,059 2011 11,625,249 3,695,345 3,708,815 5,761,956 500,831 25,292,196 2012 13,426,700 4,175,522 4,114,621 6,470,322 464,852 28,652,017 2013 14,780,448 4,555,414 4,473,032 6,998,487 705,813 31,513,194 2014 15,351,609 4,704,036 4,649,212 7,197,418 718,302 32,620,577 2015 13,505,159 4,874,581 4,531,355 6,907,828 924,522 30,743,445 2016 11,927,523 8,063,077 4,286,594 7,165,655 1,581,233 33,024,082 2017 14,556,339 8,944,652 4,703,439 8,128,030 1,116,089 37,448,549 SOURCE: East Valley Water District - Finance Department $- $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 $40,000,000 Other Wastewater Treatement Charges Wastewater System Charges Meter Charges Water SalesDR A F T EAST VALLEY WATER DISTRICT Water Operating Expenses Last Ten Fiscal Years 95 Transmission Customer Accts,Total Year Ended Source of Water & General, & Water Oper June 30, Supply Pumping Treatment Distribution Admin Expenses 2008 438,134$ 3,005,392$ 709,406$ 1,255,931$ 4,662,582$ 10,071,445$ 2009 608,742 2,961,727 1,420,962 1,403,076 5,320,152 11,714,659 2010 815,349 2,971,681 1,453,365 1,586,237 5,112,974 11,939,606 2011 853,161 2,853,461 1,080,954 1,514,394 4,923,033 11,225,003 2012 658,481 2,700,867 1,412,079 1,449,491 5,203,981 11,424,899 2013 672,101 2,683,340 874,448 1,469,243 5,323,101 11,022,233 2014 2,875,518 992,555 1,516,412 1,437,831 6,397,534 13,219,850 2015 3,025,714 615,147 743,099 2,120,374 6,785,909 13,290,243 2016 2,442,061 696,432 799,947 2,327,185 8,782,957 15,048,582 2017 3,401,062 646,940 750,052 2,222,953 7,696,211 14,717,218 SOURCES: East Valley Water District - Customer Service, Finance, and Operations Departments $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 Source of Supply Source of Supply Water Treatment Transmission & Distribution Customer Accts, General, & Admin DR A F T EAST VALLEY WATER DISTRICT Wastewater Operating Expenses Last Ten Fiscal Years 96 Customer Accts,Total Year Ended Wastewater Wastewater General, & Wastewater Oper June 30, Collections Treatment Admin Expenses 2008 333,588$ 5,561,830$ 1,707,574$ 7,602,992$ 2009 449,296 5,631,258 1,932,193 8,012,747 2010 474,244 5,665,046 2,621,931 8,761,221 2011 447,426 5,995,720 2,857,272 9,300,418 2012 310,834 6,800,369 2,389,631 9,500,834 2013 382,197 6,998,487 2,758,848 10,139,532 2014 312,193 7,197,418 2,953,997 10,463,608 2015 448,399 6,907,828 3,356,250 10,712,477 2016 407,913 7,302,389 2,752,779 10,463,081 2017 425,944 8,128,030 2,510,920 11,064,894 SOURCES: East Valley Water District - Customer Service and Finance Departments $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 Customer Accts, General, & Admin Wastewater Treatment Wastewater CollectionsDR A F T EAST VALLEY WATER DISTRICT Water Sales and Production Last Ten Fiscal Years 97 Water Sales Water Produced (Acre Feet)(Acre Feet) 2008 21,375 24,144 2009 21,660 23,700 2010 19,803 21,792 2011 18,712 20,605 2012 19,708 20,982 2013 20,036 22,308 2014 19,910 20,665 2015 17,431 18,494 2016 14,999 16,614 2017 16,052 17,922 SOURCES: East Valley Water District - Finance and Operations Departments Year Ended June 30, 0 5,000 10,000 15,000 20,000 25,000 30,000 Water Produced Water SalesDR A F T EAST VALLEY WATER DISTRICT Revenue Rates for Water Last Ten Fiscal Years 98 Year ended June 30, 2008 2009 2010 2011 2012 Year ended June 30, 2008 2009 2010 2011 2012 8.40$ 10.45$ 10.45$ 11.54$ 12.58$ 8.40 10.45 10.45 11.54 12.58 15.70 14.63 14.63 17.56 19.14 33.00 18.81 18.81 32.49 35.41 47.60 30.39 30.39 74.47 81.17 83.50 114.94 114.94 137.40 149.77 139.00 146.29 146.29 227.30 247.76 270.00 219.44 219.44 452.06 492.74 405.00 303.04 303.04 721.76 786.72 (Continued) HCF = Hundred Cubic Feet = 748 gallons *On June 1, 2015 the District adopted Water Budget Based Rates. SOURCE: East Valley Water District - Water and Wastewater Rate Resolutions 3 4 6 8 5/8 3/4 1 1 1/2 2 Meter Size (inches) Water Consumption Rates Water Monthly System Charges Charge per HCF 1.20$ 1.35$ 1.35$ 1.49$ 1.62$ DR A F T EAST VALLEY WATER DISTRICT Revenue Rates for Water - Continued Last Ten Fiscal Years 99 Year ended June 30,Year ended June 30, 2013 2014 2015*2016 2017 Tier 1-$1.45 Tier 1-$1.45 Tier 1-$1.63 Tier 2-$2.07 Tier 2-$2.07 Tier 2-$2.32 Tier 3-$2.89 Tier 3-$2.89 Tier 3-$3.24 Year ended June 30,Year ended June 30, 2013 2014 2015*2016 2017 13.71$ 13.71$ 20.96$ 20.96$ 23.06$ 13.71 13.71 26.61 26.61 29.27 20.87 20.87 37.92 37.92 41.71 38.60 38.60 66.19 66.19 72.81 88.48 88.48 100.12 100.12 110.13 163.25 163.25 207.54 207.54 228.30 270.06 270.06 365.85 365.85 402.44 537.09 537.09 744.67 744.67 819.14 857.52 857.52 1,366.62 1,366.62 1,503.28 HCF = Hundred Cubic Feet = 748 gallons *On June 1, 2015 the District adopted Water Budget Based Rates. SOURCE: East Valley Water District - Water and Wastewater Rate Resolutions Meter Size (inches) 5/8 3/4 1 1 1/2 2 3 4 6 8 1.77$ 1.77$ Water Consumption Rates Charge per HCF Water Monthly System Charges DR A F T EAST VALLEY WATER DISTRICT Revenue Rates for Wastewater Last Ten Fiscal Years 100 Year ended June 30, 2008 2009 2010 2011 2012 Residential (1 to 3 units) Flat Monthly Charge (per unit)7.75$ 9.75$ 10.84$ 12.93$ 14.09$ Commercial Flat Monthly Charge - - - 3.28 3.58 plus, Charge per HCF 0.37 0.49 0.55 0.46 0.50 Year ended June 30, 2008 2009 2010 2011 2012 Residential Flat Monthly Charge Residential (1 unit)14.50$ 15.25$ 15.25$ 16.00$ 18.50$ Multi-Family (2 units)14.50 15.25 15.25 16.00 37.00 Multi-Family (3 units)14.50 15.25 15.25 16.00 55.50 Commercial Multi-family (4+ units)2.00 2.00 2.00 2.00 2.40 Non-Residential 2.00 2.00 2.00 2.00 2.40 plus, Charge per HCF: Multi-family (4+ units)0.83 0.87 0.87 0.95 1.25 Retail 1.70 1.79 1.79 1.90 2.10 Restaurants/Lounges 1.84 1.93 1.93 2.00 2.70 Laundromats 1.15 1.21 1.21 1.30 1.50 Dry Cleaners 1.70 1.79 1.79 1.90 2.10 Schools/Churches 0.62 0.65 0.65 0.70 1.10 Governments/Municipal 1.32 1.39 1.39 1.50 1.50 Convalescent Homes 0.84 0.88 0.88 0.95 1.35 Hotels 1.84 1.93 1.93 2.00 2.70 Ofc Bldgs/Motels 1.32 1.39 1.39 1.50 1.50 Auto Repair/Svc Stations 1.17 1.23 1.23 1.30 1.30 Car Wash 1.17 1.23 1.23 1.30 1.30 (Continued) HCF = Hundred Cubic Feet = 748 gallons *On June 1, 2015 the District adopted Water Budget Based Rates. SOURCE: East Valley Water District - Water and Wastewater Rate Resolutions Wastewater Maintenance Charges Wastewater Treatment Charges DR A F T EAST VALLEY WATER DISTRICT Revenue Rates for Wastewater - Continued Last Ten Fiscal Years 101 Year ended June 30,Year ended June 30, 2013 2014 2015*2016 2017 Residential (1 to 3 units) Flat Monthly Charge (per unit)15.36$ 15.36$ 15.36$ 15.36$ 15.36$ Commercial Flat Monthly Charge 3.90 3.90 3.90 3.90 3.90 plus, Charge per HCF 0.55 0.55 0.55 0.55 0.55 Year ended June 30,Year ended June 30, 2013 2014 2015*2016 2017 Residential (Flat Monthly Charge) Flat Monthly Charge Residential (1 unit)18.50$ 18.50$ 18.50$ 19.18$ 20.85$ Multi-Family (2 units)37.00 37.00 37.00 38.37 41.72 Multi-Family (3 units)55.50 55.50 55.50 57.55 62.58 Commercial Multi-family (4+ units)2.40 2.40 2.40 1.71 1.90 Non-Residential 2.40 2.40 2.40 3.18 3.42 plus, Charge per HCF: Multi-family (4 + units)1.25 1.25 1.25 1.36 1.48 Retail 2.10 2.10 2.10 2.28 2.47 Restaurants/Lounges 2.70 2.70 2.70 2.93 3.18 Laundromats 1.50 1.50 1.50 1.63 1.77 Dry Cleaners 2.10 2.10 2.10 2.28 2.47 Schools/Churches 1.10 1.10 1.10 1.19 1.29 Governments/Municipal 1.50 1.50 1.50 1.63 1.77 Convalescent Homes 1.35 1.35 1.35 1.46 1.58 Hotels 2.70 2.70 2.70 2.93 3.18 Ofc Bldgs/Motels 1.50 1.50 1.50 1.63 1.77 Auto Repair/Svc Stations 1.30 1.30 1.30 1.41 1.53 Car Wash 1.30 1.30 1.30 1.41 1.53 (Continued) HCF = Hundred Cubic Feet = 748 gallons *On June 1, 2015 the District adopted Water Budget Based Rates. SOURCE: East Valley Water District - Water and Wastewater Rate Resolutions Wastewater Maintenance Charges Wastewater Treatment Charges DR A F T EAST VALLEY WATER DISTRICT Active Services by Type Last Ten Fiscal Years 102 Year Ended Residential Multi-Family Total June 30, (1 to 3 units) (4+ units) Commercial Irrigation Fire Svcs Service 2008 18,367 516 1,309 289 1,301 21,782 2009 18,403 508 1,293 306 1,306 21,816 2010 18,562 496 1,277 310 1,324 21,969 2011 18,564 502 1,273 310 1,318 21,967 2012 18,584 497 1,268 313 1,321 21,983 2013 18,584 497 1,268 313 1,321 21,983 2014 18,584 497 1,268 313 1,321 21,983 2015 18,584 497 1,268 313 1,321 21,983 2016 19,500 463 949 275 1,330 22,517 2017 19,526 463 988 275 1,339 22,591 SOURCES: East Valley Water District - Customer Service and Finance Departments 0 5,000 10,000 15,000 20,000 25,000 Fire Svcs Irrigation Commercial Multi-Family ResidentialDR A F T EAST VALLEY WATER DISTRICT Principal Customers Current Fiscal Year and Nine Years Ago 103 Water Percentage Water Percentage Consumed of Total Consumed of Total Customer (AF)Rank (%)(AF)Rank (%) San Bernardino City Unified School District 674 1 3.76%490 3 2.03% Patton State Hospital 380 2 2.12%422 4 1.75% City of Highland 308 3 1.72%213 8 0.88% East Highlands Ranch 272 4 1.52%590 2 2.44% San Manuel Mission Indians 236 5 1.32%264 6 1.09% San Manuel Indian Bingo & Casino 233 6 1.30%394 5 1.63% Village Lakes Homeowners Assoc 47 7 0.26%167 9 0.69% Victoria Village Apts 112 8 0.63%0.00% Stubblefield Mobile Home Parks & Offices 107 9 0.59%231 7 0.96% Valencia Lea Mobile Home Park 96 10 0.54%138 10 0.57% City of San Bernardino Water Dept 602 1 2.49% Total - Top 10 2,465 13.75%3,510 14.54% Total - District 17,922 100.00%24,144 100.00% SOURCES: East Valley Water District - Customer Service and IT Departments 20082017 DR A F T EAST VALLEY WATER DISTRICT Ratio of Outstanding Debt Last Ten Fiscal Years 104 As a Share of Outstanding Per Personal Debt Capita Income 2008 23,049,105 373 1.24% 2009 21,183,730 339 1.16% 2010 19,221,480 302 1.03% 2011 33,545,000 518 1.70% 2012 35,950,760 546 1.76% 2013 50,501,964 540 1.70% 2014 53,285,524 561 1.71% 2015 51,673,813 508 1.43% 2016 49,732,673 476 * 2017 52,078,644 510 * * Note: This data was not developed in the format required for this fiscal year. SOURCE: East Valley Water District - Finance Department Note: Two State Revolving Fund (SRF) loans totaling $429,706, for the Arroyo Verde and Eastwood Farms Assessment Districts, and which are secured by assessment liens and assessments on property owners within those districts, are excluded from this schedule. Year Ended June 30, $5,000,000 $15,000,000 $25,000,000 $35,000,000 $45,000,000 $55,000,000 $65,000,000 Outstanding Debt DR A F T EAST VALLEY WATER DISTRICT Debt Service Coverage Last Ten Fiscal Years 105 Gross Operating Net Available Revenue (1)Expenses(2)Revenue Principal Interest Total 2008 16,187,479$ 10,071,445$ 6,116,034$ 1,774,710$ 1,120,091$ $2,894,801 2.11 % 2009 15,510,043 11,714,619 3,795,424 1,865,373 1,035,456 2,900,829 1.31 2010 16,911,310 11,939,606 4,971,704 1,962,250 845,499 2,807,749 1.77 2011 18,286,850 11,129,387 7,157,463 1,347,250 828,894 2,176,144 3.29 2012 20,225,013 11,424,899 8,800,114 1,048,319 980,000 2,028,319 4.34 2013 27,397,559 11,022,233 16,375,326 1,095,000 1,382,013 2,477,013 6.61 2014 20,662,750 13,219,850 7,442,900 1,167,718 1,840,671 3,008,389 2.47 2015 20,662,750 13,290,243 7,372,507 1,546,490 1,813,348 3,359,838 2.19 2016 22,543,107 15,048,582 7,494,525 1,851,139 1,718,658 3,569,797 2.10 2017 25,565,417 14,506,205 11,059,212 1,926,956 1,653,322 3,580,278 3.09 Gross Operating Net Available Revenue (1)Expenses(2)Revenue Principal Interest Total 2008 * * * * * * * 2009 * * * * * * * 2010 * * * * * * * 2011 * * * * * * * 2012 10,674,998$ 9,500,834$ 1,174,164$ 75,000$ 36,650$ $ 111,650 10.52 % 2013 11,600,800 10,139,532 1,461,268 80,000 35,100 115,100 12.70 2014 11,974,164 10,463,608 1,510,556 85,000 184,621 269,621 5.60 2015 11,578,742 10,712,477 866,265 85,000 229,725 314,725 2.75 2016 12,095,372 10,463,081 1,632,291 90,000 225,775 315,775 5.17 2017 13,134,564 11,064,894 2,069,670 95,000 221,625 316,625 6.54 (1) (2)Operating expenses, less depreciation, for the utility fund. * Not Applicable SOURCE: East Valley Water District - Finance Department Year Ended Gross revenue includes all operating revenue, interest income, other non-operating revenue and connection fees from the utility fund. Coverage Debt Service June 30, Wastewater Department Coverage Year Ended June 30, Debt Service Water Department DR A F T EAST VALLEY WATER DISTRICT Demographics and Economic Statistics Last Ten Calendar / Fiscal Years 106 Personal Income Personal District Unemployment (thousands Income Population(3)Rate (1), (3)Population(2)of dollars)(2)Per Capita (2) 2008 61,855 6.4%2,003,735 60,145,538 30,017 2009 62,455 10.5%2,013,960 58,693,991 29,144 2010 63,567 13.4%2,041,689 59,850,108 29,314 2011 64,698 13.3%2,064,663 62,952,683 30,491 2012 65,850 12.2%2,080,651 64,633,723 31,064 2013 93,500 10.6%2,093,306 66,321,591 31,683 2014 95,000 8.9%2,112,619 69,487,877 32,892 2015 101,733 7.1%2,128,133 75,402,896 35,431 2016 104,457 6.0%*** 2017 102,208 5.4%*** *Note: This data was not developed in the format required for this fiscal year. SOURCES: (1)U.S. Department of Labor, Bureau of Labor Statistics (BLS) Census Bureau midyear population estimates. (2)Bureau of Economic Analysis (BEA) Computed using midyear population estimates. (3)Fiscal Year ends on June 30 of the year that is shown. SOURCE: East Valley Water District - Finance Department June 30, County of San Bernardino Year Ended DR A F T EAST VALLEY WATER DISTRICT Full-Time Equivalent Employees by Department Last Ten Fiscal Years 107 Year Ended District Engineering & June 30,Administration Maintenance Operations Total 2008 20 37 10 67 2009 20 38 10 68 2010 20 38 10 68 2011 21 35 10 66 2012 21 31 11 63 2013 25 27 11 63 2014 25.5 29 11 65.5 2015 27.5 28.5 11 67 2016 27 28 13 68 2017 27 29 12 68 SOURCES: East Valley Water District - Finance and HR Departments 0 10 20 30 40 50 60 70 District Administration Engineering & Maintenance Operations DR A F T EAST VALLEY WATER DISTRICT Operating and Capacity Indicators for Water and Wastewater Last Ten Fiscal Years 108 Annual Average Miles of Number of Production Production Water Main Fire Hydrants (MG)(MGD) 2008 284 *6,965 19 2009 286 *7,058 19 2010 287 *6,453 18 2011 294 2,854 6,097 17 2012 297 2,854 6,422 18 2013 303 2,915 6,529 18 2014 297 2,976 6,488 18 2015 316 3,005 5,680 16 2016 316 3,005 4,887 13 2017 316 3,005 5,231 14 Annual Daily Miles of Service Sewerage Sewerage Wastewater Connections (MG)(MGD) 2008 *19,115 2,159.17 5.92 2009 205 19,232 2,258.54 6.19 2010 208 19,333 2,129.43 5.83 2011 208 19,435 2,073.09 5.68 2012 224 19,477 2,247.66 6.16 2013 224 19,502 2,285.06 6.26 2014 223 19,504 2,595.08 7.11 2015 224 19,544 2,271.96 6.22 2016 224 19,572 2,167.71 5.94 2017 260 20,290 2,175.40 5.96 * This data was not developed in the format required for this fiscal year. SOURCE: East Valley Water District - Engineering and IT Departments Note: The District Wastewater Master Plan was updated in October 2013, providing more accurate information on wastewater flows. Year Ended June 30, Year Ended June 30, Water System Wastewater System DR A F T DR A F T B OAR D AG E N D A S TAF F R E P O RT Agenda Item #7. Meeting Date: O c tob er 11, 2017 Dis c ussion Item To: G overning Board Memb ers From: G eneral Manager/C E O S ubject: R eview and Ap p rove the Updated P urchas ing/P ro curement P olic y 7.1 R E COMME N D AT IO N: S taff rec o mmend s that the Board of Direc to rs review and appro ve the up d ated P urc has ing/P rocurement P olic y 7.1. B AC KG R O UN D / AN ALYS IS : East Valley Water Dis tric t (Dis tric t) is an organizatio n that s trives fo r trans p arency, and to p rac tic e s o und s tewards hip over the p ublic funds with whic h it is entrus ted . As s uc h, it is prud ent that the Dis tric t periodically review key financ ial polic ies that p rovid e guid elines for s taff in performanc e of their d ay to day functio ns . O ne s uch policy is the Dis trict’s P urc has ing/P rocurement P o lic y (P o lic y). T he current P olicy was adopted in Augus t 2011. W hen ad opted , the P olicy set new Board exp ectatio ns fo r c o mp etition and imp artiality in all purc hasing activities, and es tablished autho rity and res p o ns ib ility for staff p ositio ns througho ut the Dis trict. As a res ult, the Dis tric t has experienc ed a s ignific ant increas e in the number o f vendors and contrac to rs bid d ing o n p rojec ts , enhancing the value received fo r the inves tment of pub lic funds on b ehalf of our ratepayers. In the years s inc e 2011, c hanges in the Dis tric t’s organizatio nal s tructure, adop tion of program-bas ed b ud gets with go als and objec tives, and changes in the laws go verning District contrac ts , req uire that the Dis tric t make s ome modificatio ns to its P urchas ing/P ro curement P o licy.T his will ens ure that the p ublic's money will be put to us e in a way that exceed s regulatory req uirements and enhances p ub lic trust in our o rganizatio n. AGE N C Y ID E ALS AN D E N DE AVO R S: Ideals and End eavo r I I - Maintain An Environment C o mmitted To Elevated P ublic S ervic e (E) - P rac tic e trans p arent & ac countable fis c al management R E VIE W B Y O T HE R S : R ec o mmend ed b y:R espec tfully s ubmitted: John Mura G eneral Manager/C EO Brian Tomp kins C hief F inancial O fficer R E VIE W B Y O T HE R S : T his agend a item has been reviewed by Exec utive Management, the F inance and Human R es ourc es S tanding C o mmittee, and Legal C ouns el. F IS CAL IMPAC T T here is no fis cal imp ac t as s oc iated with this agend a item. ATTAC H M E NTS: Description Type P urchasing/P ro cureme nt P olic y 7.1 Backup Material EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 1 of 16 Purpose The purpose of this policy is to establish procedures for the acquisition of supplies, materials, equipment and services, including construction and capital improvements, for East Valley Water District (the District) pursuant to California Government Code (CGC) Section 54201 et seq. CGC Section 54202 requires every local agency to adopt policies and procedures, including bidding regulations, governing purchases of supplies, mat erials, and equipment and that said purchases shall be in accordance with duly adopted policies. CGC Section 54204 requires that if a local agency is other than a city or county, policies provided for in Section 54202 shall be adopted by means of a written rule or regulation, copies of which shall be available for public distribution. Authorization and Delegation By adoption of this policy, the Board of Directors (Board) is authorizing the General Manager/Chief Executive Officer (GM/CEO), or his/her authori zed representative to exercise certain duties and responsibilities that are essential for the day -to-day operation of the District. The GM/CEO may delegate the procurement of services and materials, and the provision of public works contracts to those staf f members given specific authority within this policy. The GM/CEO delegates the authority to act as the District’s Purchasing Agent to the Chief Financial Officer (CFO), or their designee. The GM/CEO delegates the authority to procure engineering, consulti ng and design, and construction services for Public Works Projects to the Director of Engineering and Operations (DEO), or their designee. The GM/CEO delegates to Program Managers and Supervisors the authority to determine specifications of goods or services needed, to solicit proper bids, and to obtain proper approvals according to the Authorization Table . EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 2 of 16 Responsibilities A. Purchasing Agent – the Purchasing Agent’s responsibilities include: 1. Administration of the Purchasing Policy; 2. Update settings / approval paths in the District’s financial software; 3. Creation of Purchase Orders (PO); 4. Review bid documents and bidding procedures; 5. Review all contracts (except Public Works); 6. Recommend revisions to purchasing procedures when necessary and keep informed of current developments in the field of public purchasing; 7. Conduct internal audits; and 8. Provide training for District staff on this policy. B. DEO – The Director of Engineering and Operations responsibilities include: 1. Recommend revisions to purchasing procedures with respect to public contracting; and 2. Review all public works contracts. C. Program Managers & Supervisors – the responsibilities of managers and supervisors shall include: 1. Enter into contractual obligations on behalf of the District; 2. Obtain full and open competition in accordance with prescribed policies and procedures in a manner that presents the best overall value to the District; 3. To anticipate requirements sufficiently in advance to allow adequate time to obtain goods in accordance with the best purchasing practices; 4. Identify, evaluate, and utilize purchasing methods which best meet the needs of the District (e.g. cooperative purchases, blanket purchase orders, contractual agreements, purchasing cards, etc.); EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 3 of 16 5. Provide for the fair and equitable treatment of vendors, suppliers, and contractors; 6. Supervise the receipt and inspection of all materials, supplies, equipment , and services purchased to ensure conformance with specifications; 7. To notify vendors of purchase award when authorized by Purchasing Agent; and 8. Obtain approvals according to the Authorization Table below. D. Authorization Table Amount Up to Approval Level $ 5,000 Department Supervisors $ 10,000 Department Managers $ 25,000 Department Heads (Executive Staff) $ 150,000 General Manager / CEO (CFO or DEO if CEO is absent) > $ 150,000 Board of Directors The above authorization levels apply to the procurement of materials and services that are included in the current year adopted budget. Procurement Methods A. Requisition/Purchase Order - Requisitions provide a mechanism for obtaining the approvals necessary for issuance of a PO. With few exceptions, a PO must be issued prior to ordering goods or signing contracts for construction or services. 1. In general, POs will be closed at the end of each fiscal year. Purchases are expensed from the fiscal year budget in which goods are received, not the fiscal year in which POs are issued. 2. Purchase orders representing multiple year contracts will remain open until projects are completed and Finance is notified to close the Purchase Order. 3. Procurements that require approval by the Board do not require electronic requisitions. The Purchasing Agent will create the Purchase Order after the Board EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 4 of 16 of Directors has approved and signed the contract. The Purchase Order will then be delivered to the related Department. 4. In no case shall a contract be signed and Purchase Order issued unless sufficient funds have been budgeted and appropriated, or identified in the Capital Improvement Program reviewed with the Board during the annual budget process. B. Check Request - A check request can be used to initiate payment for purchases not requiring a PO, such as for purchases of less than $5,000, and non -discretionary purchases/payments. C. Purchasing Card - Designated full-time employees may be assigned a Cal Card for miscellaneous purchases. The objective of the Cal Card Program is to reduce processing costs associated with low dollar expenditures for materials and supplies. Services are not to be acquired on Cal Cards due to lack of insurance and indemnification language associated with these purchases. 1. Each cardholder has pre-defined spending limits which may be increased temporarily or permanently with approval by an authorized manager subject to the Authorization Limits. Purchases using the Cal Card are subject to the terms and conditions of the District Cardholder Agreement. Competitive Selection Process A. General - All procurements for materials, supplies, equipment, services, and construction shall employ a competitive selection process whenever practicable. All procurements of $75,000 and over will require sealed bidding. 1. Bids shall be awarded to the “responsive” and “responsible” bidder who submits the lowest bid that is most advantageous to the District. • Responsive shall mean a bidder whose bid is in conformance with the requirements of the bid solicitation, including specifications and the District’s terms and conditions. Bidders who substitute terms and conditions or who qualify their bids in such a manner as to limit their liability may be considered non-responsive. EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 5 of 16 • Responsible refers to the ability of the bidder to successfully fulfill a contract. Prospective bidders may be request ed to furnish proof of financial resources, a list of current of previous customers, and other pertinent data. Such action may be taken after receipt of bids. 2. In determining the lowest “responsible” bidder, the following elements shall be considered in addition to price: a. That the products offered provide the quality, fitness, and capacity for the required usage; b. That the bidder has the ability, capacity and skill to perf orm the contract satisfactorily and within the time required; and c. That the bidder’s experience(s) regarding past purchases by the District or other public agencies demonstrates the reliability of the bidder to perform the contract. 3. When a bid is recommended to be awarded to other than the low bidder, written justification is required. The written statement, signed by the appropriate supervisor or manager, or the GM/CEO shall be attached to the purchase requisition or Board report. B. Bid Requirements Table Purchase Amount Requirements PO Required $ 0 - $5,000 Informal Quotes NO $ 5,001 - $75,000 Informal Bids YES $ 75,001 and over RFP/Sealed Bids YES EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 6 of 16 C. Informal Quotes 1. For purchases less than $5,000, quotes may be obtained through an informal process (e.g. web browsing or phone calls) and documentation of the bids is recommended but not required. Although bid documents are not required, a requisition and purchase order may be issued to document the purchase if the staff member making the purchase wishes to do so. 2. Since the purchase may be initiated without a Purchase Order, the accounts payable process will require that the invoice be signed by an authorized signor before payment is released. D. Informal Bids 1. For all procurement of materials, supplies, equipment , services, and construction in excess of $5,000 but less than $75,000, at least three vendors must be contacted for bids/price quotations and the purchase awarded to the lowest, most responsive bidder. 2. Bids may be solicited from prospective bidders by written request, telephone, legal advertising or public notice (including District website). Regardless of solicitation method, all vendors must receive the same information about specifications and requirements of the product or service, and all bids submitted must be kept in confidence until the bid is awarded. Bidders may be advised that they will be notified only if they submitted the successful bid. 3. All bids received must be documented and retained by the requesting department or scanned into Tyler Content Manager. E. Formal Bids 1. For all procurement of materials, supplies, equipment, services, and construction in excess of $75,000, bids or proposals shall be solicited from a minimum of three vendors. A written Notice Inviting Bids (NIB) or Request for Proposals (RFP) must be used to document the specification and requirement of the product or service. EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 7 of 16 2. The NIB or RFP must be made publicly available on the District’s website and, if practicable, in a newspaper of general circulation. If the NIB/RFP is also sent directly to prospective vendors, at least three vendors shall receive the notice. 3. Vendor responses (proposals/bids) must be submitted in written form and retained on file by the manager of the initiating de partment. Contracts shall be awarded in a manner most beneficial to the District as further explained in the following sections. Supplies, Equipment, and Non-Professional Services The following procedures are applicable to the acquisition of commodities and non- professional services, and shall be used in conjunction with the Competitive Selection Processes described above. Non-Professional Services do not require professional certifications. Examples include: landscape maintenance, janitorial, and unifor m cleaning. A. Notice Inviting Bids - The initiating department shall prepare the Notice Inviting Bids (NIB). The notice shall be published once, in a newspaper of general circulation within the District, at least fourteen calendar days before the date of bid opening. B. Formal Notice Inviting Bids - The Notice shall contain: 1. A general description of the goods, services, or equipment to be purchased; 2. A statement about where bid plans and specifications may be secured ; a. For tangible goods and equipment, brand standardization is allowable if deemed in the best interest of the District; 3. Bonding requirements, if applicable; and 4. A statement of the time and place for opening the bids. C. Bid Opening – Sealed bids shall be submitted to the Department requesting the bids. A written record and tabulation shall be made at the time all bids are received. Bids shall be opened by the department head in public at the date, time, and place stated in the NIB. D. Evaluation – A representative of the requesting department shall review all bids received for compliance with specifications. A ny deviation from the specifications EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 8 of 16 shall be fully documented, and the impact of the deviation on the performance of the bid item evaluated. The requesting department shall review its finding with the Purchasing agent. E. Bid Award – Contracts will be awarded to the lowest responsive and responsible bidder. Approval of any bid will be in accordance with the Authorization Table. If the bid is accepted, the Bidder shall execute the contract within the time provided in the contract documents and shall furnish the necessary certificates of insurance and bonds required by the contract documents. 1. Project-specific contracts for maintenance and service agreements shall be issued to expire upon completion of the work unless otherwise specified in the written agreement. Contracts shall be issued for an initial term of no more than 36 months. The GM/CEO may authorize a maximum of one extension of 24 months for maintenance and service agreements. 2. If an extension to a contract or maintenance agreement causes the total cost for all years to exceed $150,000 (even though the original total cost of the agreement was less than $150,000), the extension shall be approved by the Board. Professional Services Professional service providers are those persons or firms specially trained to provide services in connection with financial, economic, accounting, engineering, administrative, or other matters involving specialized expertise or unique skills. When selecting a vendor for professional services, c ost will not be the prominent criterion in evaluating proposals. Proposals for these services will be evaluated based on a combination of factors that result in the best overall value to the District. A. Request for Proposal (RFP) – The department responsible for monitoring the project shall prepare the RFP. The RFP should contain significant detail about the project including: 1. A precise description of the objective; 2. The services to be performed; 3. The anticipated project timeline, including: a. The deadline for submittal of proposals; EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 9 of 16 b. Date of proposal conference, if any; c. Proposal evaluation; d. Award of contract; and e. Projected start and completion dates. 4. Evaluation criteria; 5. Expected content of proposals; and 6. Contractual requirement, including: a. Prohibition against assignment; b. Insurance requirements; c. Compliance with federal, state and local laws, and grant related requirement, if applicable; and d. Sample of District contract / agreement. B. Issuance of RFPs – To allow for sufficient competition, the project manager shall: 1. Post the RFP on the District website, and distribute the RFP to at lea st three firms engaged in performing the work requested. If deemed appropriate, the RFP may also be published in a newspaper of general circulation at least 14 days prior to the designated closing. 2. Allow a reasonable length of time between solicitation and closing dates so potential respondents have sufficient time to prepare proposals. 3. Post on the District website, any RFP amendments, and responses to any inquiries from potential respondents to ensure all interested firms have the same information. C. Proposal Receipt and Opening – Sealed proposals shall be received by the originating department, time stamped, and recorded on a list of proposals received. Proposals shall be opened in the presence of the Department Head from the initiating department. Proposals received after the time specified shall be returned to the submitter unopened. D. Evaluation of Proposals – The project manager shall establish a selection committee of at least three members, and establish selection criteria and a ranking system. The selection criteria should include: EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 10 of 16 1. Completeness of the proposal; 2. Demonstrated understanding of the work to be performed; 3. Experience of the firm and its personnel relative to the required services; 4. Qualifications of the personnel to be assigned; 5. References who can be contacted to verify past performance; and 6. If appropriate, pricing for the project . The selection committee may choose to interview all or some of the respo ndents to assist in coming to a consensus on the top firm. E. The initiating department shall recommend the top firm for award of a contract, which shall be approved in accordance with the Authorization Table . Public Works Projects Public Works Projects, hereafter referred to as Capital Improvement Projects (CIP) include the construction, reconstruction, erection, alteration, renovation, improvement, demolition, painting or repair of any publicly owned, leased or operated facility. As required by law, registration with the Department of Industrial Relations for prevailing wage regulations is required for all CIP bidders. When the CIP is funded through a Federal Grant, the District must follow Federal procurement standards listed in the Code of Federal Regulations Sections 200.317 through 200.326 or as required by the grant document. A. Notice Inviting Bids 1. The initiating department shall prepare the Notice Inviting Bids. The notice shall be published once, in a newspaper of general circulation within the Di strict, at least fourteen calendar days before the date of bid opening. The IFB shall also be mailed to construction trade journals at least 30 days prior to bid opening. 2. Alternately, the GM/CEO, or his/her designee, is authorized to create a prequalified bidders list. The bidders may be prequalified on an annual basis or on a project specific basis. Notice inviting sealed bids shall be distributed to prequalified bidders or other interested parties as may be deemed beneficial by the GM/CEO, or his/her designee. B. Form of Notice Inviting Bids: The Notice shall contain: 1. A general description of the Project; EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 11 of 16 2. A statement indicating where plans and specification, and bonding requirement can be obtained; 3. A statement that the District will receive sealed bids; 4. A statement that the contract or contracts for the CIP will be awarded to the lowest responsive, responsible bidder or bidders, but that any or all bids may be rejected; 5. A statement of the time and place for opening the bids; and 6. Such other information as may be required by the District or by law. C. Submission of Bids 1. Bids shall be submitted on forms supplied by the District and under sealed cover. Each bid shall be accompanied by cash, a certified or cashier’s check, or bond secured from a surety company satisfactory to the District in the amount indicated within the bid documents, made payable to East Valley Water District, as bid security. 2. If the bid is accepted, the Bidder shall execute the contract within the time provided in the contract documents and sha ll furnish the necessary certificates of insurance and bonds required by the contract documents. D. Opening of Bids – Bids shall be publicly opened at the time and place specified in the invitation for bids. A minimum of two members of District staff must be present at all sealed bid openings. E. Bid Evaluation and Acceptance – Acceptance of any bid shall be by action of the Board. The Board reserves the right to waive any irregularity, to reject any or all bids, to re-advertise, or to proceed with the CIP or any part of it using District staff. F. Bid Award - Contracts shall be awarded to the lowest responsive and responsible bidder which will be deemed the best value to the District. G. Relief of Bidders – Bids shall not be relieved of its bid unless by consent of the District upon a showing by the bidder to the satisfaction of the District that: • A mistake was made; EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 12 of 16 • The bidder gave the District written notice within five business days after the opening of bids of the mistake, specifying in the notice in detail how the mistake occurred; • The mistake made the bid materially different than the bidder intended it to be; • The mistake was made in filling out the bid and not due to error in judgment or carelessness in inspecting the site of the work or in reading the plans or specifications; or • A bidder who claims a mistake or forfeits its bid security shall be prohibited from participating in further bidding on the same project. H. Performance and Payment Bonds - Any bidder to whom a contract for CIP is awarded under the District’s formal competitive bidding procedures shall supply on forms satisfactory to the District, a Faithful Performance Bond in an amount equal to the total contract price. 1. For any CIP contract in excess of $25,000, the bidder must also supply a Labor and Material Payment Bond in an amount equal to the total contract price. 2. Each bond shall be secured from a California admitted surety company that meets all State of California bonding requirements, as defined in California Code of Civil Procedure Section 995.120, and is authorized by the State of California. Each bond shall be accompanied, upon request of the District, with all documents required by California Code of Civil Procedure Section 995.660, to the extent required by law. I. Insurance - Before work commences, evidence of insurance as required by the contract for CIP must be obtained, reviewed, and accepted by the DEO or their designee. A copy of the certificate of insurance will be provided to the District HR/Risk Management Department. Exemptions from Competitive Solicitation The competitive solicitation / bid process will not be required for the acquisition of goods and services under the following circumstances: EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 13 of 16 A. Non-Discretionary Purchases - These purchases/payments are not readily adaptable to the open market and competitive selection process. Non-discretionary purchases do not require the issuance of a purchase order, and payments in excess of the GM/CEO authorization limit do not require Board approval. Examples o f non- discretionary purchases include, but are not limited to: 1. Bank charges and fees; 2. Debt Service payments; 3. Insurance premiums; 4. Memberships, dues, and subscriptions; 5. Pension and OPEB payments; 6. Utilities; and 7. Water purchases. B. Cooperative Procurement - The District may participate in purchases and contracts established by other political jurisdictions, provided the cooperative agreement is established following a competitive bid process. The cooperative purchase may be authorized according to the authorization table. C. Inventory Replenishment - Purchases to replenish the District’s warehouse inventory within established inventory re-order levels require no prior authorization provided that the vendor being utilized has been selected within the last twelve month s as the designated vendor for the items, or class of items, to be purchased . D. Sole Source - Commodities, services, and equipment which can be obtained from only one vendor are exempt from competitive bidding. Sole source purchases may include proprietary items sold directly from the manufacturer, equipment which has been standardized by the District, items that have only one distributor authorized to sell in this area, agreements for maintenance of computer software the District owns or a certain product that has been proven to be the only product acceptable. E. Emergency Purchases - Emergency purchases may be made without competitive bidding when unforeseen circumstances present an immediate risk of: 1. harm or hazard to the public health, safety, and welfare; 2. damage to District property; or 3. serious interruption of District essential services. EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 14 of 16 Since emergency purchases do not normally provide the District an opportunity to obtain competitive quotes, sound judgment shall be used in keeping such orders to an absolute minimum. In addition, the following requirements shall apply: 1. The Finance department shall be contacted as soon as possible to obtain a purchase order number; 2. A completed, properly approved purchase requisition shall be submitted within two working days, or as soon as the information is available; 3. Documentation explaining the circumstances and nature of the purcha se shall be maintained by the Supervisor or Manager; and 4. If the emergency purchase causes any budget line item to exceed the approved budget, it shall be the responsibility of the department requesting the purchase to obtain subsequent Board of Directors approval for reserve funding or to make a budget transfer to cover the purchase. Approvals for a budget transfer must be given by the appropriate Supervisor or Manager as determined by the authorization table. Change Orders Any substantial change to a purch ase order or contract shall be documented as a change order. A. The GM/CEO may approve change orders to contracts for the procurement of supplies, equipment, contracts for professional services, and other goods and services provided: 1. The change order is within the scope of the approved contract and the cost of the changed work does not exceed the adopted budget; 2. The cumulative total of all change orders is within 10% of the original contract amount; and 3. Taxes, shipping, and handling may cause the purchase order to exceed the authorized amount. These items do not require a change order, even if they exceed 10% of the original purchase order amount. EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 15 of 16 B. The GM/CEO or the DEO may approve change orders for Capital Improvement Projects provided that the changed work is within the scope of the project approved by the Board and the cost of the changed work does not exceed the budget for the project approved by the Board and: 1. The cumulative total for all change orders do not exceed 10% of the original contract amount; and 2. Change orders for CIP in excess of these amounts and change orders for CIP reflecting a change in the scope of the nature of the project shall be submitted to the Board for approval. Conflict of Interest No member, officer, or employee of the District, or their designees or agents, and no public official who exercises authority over or responsibility with respect to purchasing during his or her tenure, or for one year thereafter, shall have any interest, d irect or indirect, in any purchase, agreement or sub agreement, or the proceeds thereof, for any purchase or purchase agreement. The full Conflict of Interest Code of the East Valley Water District is incorporated herein by reference. Unauthorized Purchases Purchase orders shall be issued prior to ordering supplies, equipment , and services and not “after the fact” for work already done or materials already ordered. Except for emergencies, departmental purchases, or other authorized exemptions stated in these guidelines, no purchase of supplies, services, or equipment shall be made without an authorized purchase order. Otherwise: A. Such purchases are void and not considered an obligation of the District; B. Invoices without an authorized purchase order may b e returned to the vendor unpaid; and C. The person ordering the unauthorized purchase may be held personally liable for the costs of the purchase or contract and may be subject to disciplinary actions. EAST VALLEY WATER DISTRICT Administrative Policies & Programs Policy Title: Purchasing / Procurement Policy Original Approval Date: August 9, 2011 Last Revised: October 11, 2017 Policy No: 7.1 Page 16 of 16 Review Audits Compliance with this policy is subject to review at any time, including by external auditors. It is the responsibility of the District st aff member initiating the purchase to maintain records of bids, bid procedures followed, contracts, sole source forms, change orders, and authorization signatures. Revised: October 11, 2017 Description: Budgeted Item?Yes No Total Cost: Choose one of the following: Proprietary item sold directly from manufacturer Equipment standardized by the District Only distributor authorized to sell in this area Agreement for maintenance of computer software the District owns Product proven to be the only product acceptable Justification: Signature Date Print Name Title Department Head Approval Date CFO or Business Services Manager Approval Date All requests must be approved by the Chief Financial Officer or Business Services Manager. Commodities, services, and equipment which can be obtained from only one vendor are exempt from competitive bidding. Department Name:Fiscal Year: FINANCE DEPARTMENT SOLE SOURCE JUSTIFICATION FORM R ec o mmend ed b y:R espec tfully s ubmitted: John M ura G eneral Manager/C EO K elly M alloy P ublic Affairs /C ons ervation Manager B OAR D AG E N D A S TAF F R E P O RT Agenda Item #8. Meeting Date: O c tob er 11, 2017 To: G overning Board Memb ers From: G eneral Manager/C E O S ubject: Ad opt R es o lutio n 2017.15 - Imagine a Day Without Water R E COMME N D AT IO N: Ad o p t R esolutio n 2017.15 recognizing the Distric t's p articipatio n in Imagine a Day Without Water. B AC KG R O UN D / AN ALYS IS : T he Dis trict provides reliable water s ervice to over 100,000 residents each and every day, with the extens ive o peratio nal effort typ ic ally unseen by community memb ers. Imagine a Day Witho ut Water 2017 is the third annual day to rais e awareness and educ ate America about the importance o f c lean water. By simply cons idering ho w a s ingle day would b e imp acted if water were not availab le, residents have a p ersonal c onnec tio n to the b enefits o f reliab le s ystems. T his effort highlights the importance o f infrastructure investments and techno lo gic al inno vation to s ustain drinking water and wastewater s ys tems for generatio ns to c o me. AGE N C Y ID E ALS AN D E N DE AVO R S: Ideals and End eavo r I I I - Demo ns trate Vis ionary Leaders hip To Enhanc e Dis tric t Identity (C ) - Utilize inno vative c o mmunic atio n methods F IS CAL IMPAC T T here is no fis cal imp ac t as s oc iated with this ac tion. ATTAC H M E NTS: Description Type Resolution 201 7.15 Resolution Lette r East Valley Water District Resolution 2017.15 Page 1 of 1 RESOLUTION 2017.15 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE EAST VALLEY WATER DISTRICT RECOGNIZING THE “IMAGINE A DAY WITHOUT WATER” CAMPAIGN BEING HELD ON OCTOBER 12, 2017 BE IT HEREBY RESOLVED, by the Board of Directors of the East Valley Water District (“District”) recognizing the “Imagine a Day Without Water” campaign being held October 12, 2017 which is an organized effort to highlight the critical importance of reliable access to clean water in our lives and the investment in infrastructure that is necessary to protect this valuable resource. Whereas, the infrastructure that brings water to and from homes and businesses is essential to the quality of life and economic vitality for the community; and Whereas, residents on average utilize 55 gallons of water per person, per day; and Whereas, the District has 299 miles of pipelines and 16 wells; and Whereas, utilities nationwide are grappling with aging infrastructure and funding to maintain systems; and Whereas, managing water responsibly is critical to our nation’s environmental health and to a high quality of life through economic commerce, power generation, and recreation; and Whereas, investing in our drinking water and wastewater systems will secure a bright and prosperous future for generations to come; and Whereas, innovation in water conservation and water reuse will drive job growth, economic development, and establish a 21st century paradigm of water management in the United States; and Whereas, different regions face different water challenges, so the solutions to strengthen our drinking water and wastewater systems must be locally driven, but reinvestment in our water must be a national priority; now; therefore, be it Whereas, the District recognizes that water is essential to the quality of life and economic competitiveness and acknowledges the importance of educating the public about the value of water through the “Imagine a Day Without Water” campaign. NOW, THEREFORE, BE IT RESOLVED, that the East Valley Water District is dedicated to investing in water and wastewater infrastructure. * * * * * The foregoing resolution was duly adopted at a meeting of the Board of Directors of the East Valley Water District upon motion duly made, seconded and carried on October 11, 2017. ADOPTED this 11th day of October 2017. Ayes: Noes: Absent: Abstain: ____________________________ Ronald L. Coats Board President I HEREBY CERTIFY that the foregoing is a full, true and correct copy of Resolution 2017.15 adopted by the Board of Directors of East Valley Water District at its regular meeting held October 11, 2017. __________________________ John Mura Secretary B OAR D AG E N D A S TAF F R E P O RT Agenda Item #9. Meeting Date: O c tob er 11, 2017 Dis c ussion Item To: G overning Board Memb ers From: G eneral Manager/C E O S ubject: Ap prove recommendatio ns by s taff regard ing Water Q uality Up d ate R E COMME N D AT IO N: S taff rec o mmend s that the Board o f Directors d etermine the Total Trihalo methanes (T T HM) exceedanc e at P lant 134 has b een res o lved and to direct s taff to s end written no tification to all c usto mers ind icating res o lution. B AC KG R O UN D / AN ALYS IS : Early this year the Dis trict was c hallenged with a violatio n of exc eed ing the maximum level o f Total Trihalo methanes (T T HM) at P lant 134 as des ignated under o ur operating p ermit with the R egional Water Q uality C ontrol Bo ard . Due to this violation, the R egional Board required that all Distric t cus tomers receive written no tific atio n of this violatio n. Altho ugh nothing further was required, the District chose to hold a public info rmatio n worksho p to ad dress any cus to mer concerns as well as pos ting weekly water s amp le information on the Dis trict website. T he Distric t realized the imp o rtanc e o f addres s ing any p ublic concerns s urro und ing the vio lation and p rovid ing as s uranc e that the is s ue would b e q uic kly remed ied. As a res ult of the T T HM violation and the des ire to quic kly c o rrec t, fund ing in the amount o f 2.35 million d ollars was includ ed in the C apital Imp ro vement P rogram to fo r an add itional treatment p ro ces s tho ught to b e need ed at P lant 134 to mitigate the T T HM c o nc ern. As s taff s tarted evaluating the vario us opportunities availab le at the treatment plant to minimize the p ro d uctio n o f T T HM’s, staff identified s everal operational measures that c o uld b e imp lemented that c o uld help minimize formation o f T T HM’s . During the six month p eriod fo llo wing the T T HM vio lation, the measures implemented s ucc es s fully reduc ed T T HM levels . Additionally, real time Total O rganic C arb on (TO C ) mo nitoring eq uipment has b een ad d ed to the treatment plant which will allo w staff to have b etter knowled ge of when T T HM formation is mo re pro b ab le. As s ho wn in the table below, the Dis trict has rep o rted two c o ns ecutive q uarters of T T HM c omplianc e to the S tate b elow the 80 p p b Maximum C ontaminant Level (MC L) thresho ld . T he Dis tric t is well within c o mp liance at this p oint and exp ec ted to be in even b etter p o s itio n at the next reporting q uarter. R ec o mmend ed b y:R espec tfully s ubmitted: John Mura G eneral Manager/C EO S teven Nix Direc tor of Engineering & O perations 3rd Q tr 4th Q tr 1st Q tr 2nd Q tr 3rd Q tr R ep o rting R ep orting R ep o rting R eporting R eporting S amp le Date 7/21/2016 11/17/2016 2/24/2017 5/12/2017 8/24/2017 6600 S ummit 127.1 83.3 95.8 8.7 16.0 (Rolling Avg)76.0 78.0 92.0 78.7 51.0 28530 O ak R idge R d 104.6 70.4 87.2 5.5 13.4 (Rolling Avg)56.0 57.0 73.0 66.9 44.1 3713 Lynwo o d 72.0 132.3 92.0 6.0 25.0 (Rolling Avg)61.0 75.0 87.0 75.6 63.8 6534 C hurch S t 116.7 86.7 77.8 8.8 25.6 (Rolling Avg)69 74 84.0 72.5 49.7 Although $2.35M was set aside in the C apital Imp ro vement P rogram fo r treatment p lant up grad es , very little o f this mo ney was ac tually needed to remed y the issue. To date approximately $150,000 has b een us ed fo r up grades and an ad d itio nal $250,000 will be used to enhance slud ge hand ling c ap ab ilities . T he remaining $1.95M will mo s t likely no t be needed at this s ite and will be reallo cated to o ther needed pro jects in a q uarterly b ud get adjus tment at a future Board meeting. AGE N C Y ID E ALS AN D E N DE AVO R S: Id eals and Endeavor I - Enc o urage Inno vative Investments To P romote S ustainab le Benefits (A) - Develop projec ts and pro grams to ens ure safe and reliab le s ervic es R E VIE W B Y O T HE R S : T his agend a item has been reviewed b y O perations and Ad minis tratio n staff. F IS CAL IMPAC T T here is no fis cal imp ac t as s oc iated with this agend a item at this time.