Operating Budgets and Finances

Each year, the Board of Directors approves an annual operating budget at a public meeting for the fiscal year which runs from July 1 through June 30 the next calendar year. 

2017 Fiscal Year Budget

2016 Fiscal Year Budget

2015 Fiscal Year Budget

2014 Fiscal Year Budget

  2013 Fiscal Year Budget

After the completion of each fiscal year, the District prepares an audit which is reviewed by an independent accounting firm.

Comprehensive Annual Financial Report for the Fiscal Year ended June 30, 2015

Comprehensive Annual Financial Report for the Fiscal Year ended June 30, 2014

  2012/2013 Audit

The Board of Directors also approves each year a capital improvement budget to fund new and replacement infrastructure projects.

2014/2015 Fiscal Year Capital Improvement Program Budget

  2013/2014 Fiscal Year Capital Improvement Program Budget

Each month, Santa Margarita Water District includes all current budget, financial statement, and investment portfolio information in its Finance Committee Meeting Board Package.  If the Finance Committee Meeting is not held, or is scheduled earlier in the month due to a holiday, all financial information will be included in that month’s Board of Director’s Meeting Board Packages. 

Investment Policy

The Board of Directors adopts a financial reserves policy for items such as capital replacement, insurance contingency and rate stabilization.  Current policies can be downloaded below.

Reserve Policy


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