San Dieguito Water District adopts midyear budget adjustments, projects nearly $13.2M net position

The San Dieguito Water District Board of Directors on Feb. — during its regular meeting approved a staff-recommended midyear amendment to the fiscal year 2024–25 budget, adopting Resolution 2025-3 to implement six operating adjustments and two capital improvements program (CIP) adjustments.

The action followed a staff presentation summarizing district revenues and expenditures through the second quarter (December 2024) and a brief period of board questions and clarification. Staff said the district had recognized about $12,000,000 in revenues through the midpoint of the fiscal year and expended about $12,800,000, or roughly 56.8% of the projected operating budget. "The district projects to finish the year with close to $13,200,000 in available net position," the staff member said in presenting the report and recommended adopting Resolution 2025-3 to approve the adjustments.

Why it matters: The midyear adjustments realign appropriations to reflect actual activity to date, free up savings from completed projects, and cover higher-than-expected costs in several categories — most notably recycled water purchases and contract services. The board's approval preserves the district's planned programing and maintains its scheduled capital work while recognizing variances tied to…