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Board adopts 2025 reserve levels for water, sewer and general funds
Summary
After a finance presentation on the district’s reserve policy and cash‑balance projections, the board voted to adopt three resolutions setting 2025 reserve amounts, including a new debt‑service reserve tied to a potential SRF loan.
Finance staff presented the district’s recommended 2025 reserve targets for the water, sewer and general funds and explained the reserve categories: operating, fleet/equipment replacement, infrastructure capital replacement, priority project reserves and a new debt‑service reserve related to an SRF loan. "The operating reserve target shall be defined as 90 days of the annual operating budget," staff said, and described other category calculations and the recommended dollar amounts to be carried into the 2025 budget.
Following the presentation, the board moved to adopt three resolutions establishing reserve amounts for 2025 (resolutions 25‑05, 25‑06 and 25‑07). The board approved the measures by voice vote. Staff said the actions align the district's budget presentation with its long‑term financial plan and flagged that the debt‑service reserve amount assumes full draw of a potential SRF loan.
