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Finance report: operating revenue up, expenses under budget; PFAS-related purchases noted
Summary
Finance Manager John O'Brien told the Board operating revenue is 4% higher than the prior year and 2% above budget, operating expenses are 1% higher year-over-year but 6% under budget, and PFAS-related water purchases remain the primary outlier affecting water purchase costs.
Finance Manager John O’Brien presented the Board with the District’s FY2025–26 second quarter financial statements and cash and investment report. He reported that operating revenue is 4% higher than the previous year and 2% above budget, while operating expenses are 1% higher than the previous year but 6% under budget. Mr. O’Brien identified water purchase costs—largely from PFAS-related purchases from CLAWA—as the principal financial outlier.
Mr. O’Brien also reported operational customer-service activity: Customer Service handled 5,423 phone calls during October–December and the Metering Department responded to 280 suspected residential leaks. "Overall, the District's financial position remains stable and positive at the first half of the fiscal year," O’Brien told the Board. Board members asked questions; no public comment was received on the item.
