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San Dieguito posts $26.3 million in revenue for FY2024-25; audit returns unmodified opinion
Summary
Finance manager Shoshana Aguilar told the board revenues finished about 15% over budget ($26.3M) and the district is debt-free after a final debt service payment; outside auditors issued an unmodified opinion and noted no material weaknesses.
San Dieguito Water District posted $26,300,000 in revenue for fiscal year 2024-25, about 15% above the adopted budget, Finance and Administrative Services Manager Shoshana Aguilar told the board at its Jan. 28 meeting. Aguilar said higher potable water sales, meter service charges, property taxes and recycled-water sales contributed to the surplus, and that the district made its final debt service payment and now holds no debt.
The district spent about 87% of its operating budget and expended $3.1 million on capital replacement projects, Aguilar said. She reported the district's funded ratio for pension and other post-employment benefits rose from 71.57%…
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