Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Rancho Murieta CSD board redirects past property-tax allocations to cover water and wastewater operating losses
Summary
The Rancho Murieta Community Services District board approved a staff recommendation to reallocate prior years’ property-tax transfers so that revenue previously allocated to security instead covers operating shortfalls in water, wastewater and solid-waste enterprise funds; the board approved the change by voice vote and asked staff to post reconciliations for audit.
The Rancho Murieta Community Services District board voted July 14 to amend its adopted FY23 and FY24 budget records to redirect prior property-tax allocations from security into the water, wastewater and solid-waste enterprise funds to cover operating losses. Cecilia, the district finance representative, told the board the reallocation is needed to correct an earlier allocation method that left the water enterprise with no property-tax support despite a reported operating loss.
“What I'm proposing is to ... redirect the fund to cover operating losses exclusively to water, wastewater, and solid waste fund,” Cecilia said during her presentation, explaining that the $2.6 million book loss reported for FY23 includes depreciation and that the adjusted operating loss is closer to $1.1 million.
The measure is an accounting reallocation rather than a new tax or expenditure. Cecilia said the change aligns property-tax receipts with the actual operating losses by enterprise and is required to finalize audit entries for the fiscal years under review. She told the board she has provided a detailed reconciliation and that the packet will be reposted with highlights and analysis.
Board members asked for clearer explanatory notes for future readers and auditors. One director urged adding an asterisk and a plain-language synopsis so someone unfamiliar with the historical bookkeeping could follow adjustments; Cecilia said the report contains a detailed analysis and that staff would repost the supporting reconciliation.
A motion to approve Cecilia’s recommendation was moved and seconded and then carried by voice vote; the clerk recorded affirmative responses from the directors present and the chair declared the motion passed. The board directed staff to post the updated materials and the reconciliation used for the audit.
The vote was conducted by voice; the transcript records the motion passing with no recorded opposition. Staff said the audit team requested the entry to finalize the audit, and the board requested the financial write‑up be made available to the public before the next meeting.
What’s next: Staff will repost detailed reconciliation and highlights of the budget reallocation; the final audit will reflect the corrected allocations for FY23 and FY24.
