Financial Reports

The Finance Division provides the accounting, auditing, budgeting, investing, and debt management functions required, showing clearly and accurately at all times, the financial status of the District. SMWD finds itself in a strong financial position. This did not happen by accident, but through careful fiscal planning over the course of many years. SMWD uses a long-range planning approach that is similar to a family who regularly puts money aside over time to pay for the eventual cost of their children's college education.  

Operating Budget

Each year, the Board of Directors approves an annual operating budget at a public meeting for the fiscal year which runs from July 1st through June 30th of each year. The SMWD Operating Budget provides the financial plan required to implement the District's work plan for the year.

FY 2023/2024 Operating Budget

FY 2022/2023 Operating Budget

FY 2021/2022 Operating Budget

Capital Budget

In Addition to the operating budget, SMWD has a workplan for new and replacement infrastructure projects. This workplan is funded by the capital budget.


FY 2023/2024 Capital Budget

Annual Comprehensive Financial Report and Audits

Public agencies such as SMWD do not issue a traditional annual report, but rather a much fuller report called an Annual Comprehensive Financial Report. This report highlights major projects and initiatives in addition to financial data and includes the independent auditors report. The Annual Comprehensive Financial Report has been the annual financial report of choice for public agencies since it was established in 1945 by the Government Finance Officers Association. Reports submitted to the Government Finance Officers Association (GFOA) Certificate of Achievement program are reviewed by selected members of the GFOA professional staff and the GFOA Special Review Committee (SRC), which is comprised of individuals with expertise in public-sector financial reporting and includes financial statement preparers, independent auditors, academics, and other finance professionals. SMWD's Annual Comprehensive Financial Report has earned the prestigious Certificate of Achievement for Excellence award each year the report was prepared. This award recognizes governments whose annual financial reports achieve the highest standards in government accounting and financial reporting. 

SMWD's Annual Comprehensive Financial Reports for the prior three years:

Fiscal Year Ended June 30, 2022

Fiscal Year Ended June 30, 2021

Fiscal Year Ended June 30, 2020


State Controller's Financial Transaction Report

View the State Controller's webpage for SMWD's reported Financial Transaction Report.

Single Audits

Single Audits are required for Governmental Agencies that receive at least $750,000 of Federal funds in one fiscal year. The audit must be conducted by an independent certified public accountant, and are in addition to the audit of the annual financial statements. The Single Audit focuses on both financial and compliance requirements related to federal funding. 

View the Single Audit Report

Community Facilities District Disclosures

The Mello-Roos Community Facility District Act of 1982 was created to provide an alternate method of financing major infrastructure necessary to support development within an identified area. This Act allows any county, city, school district or joint powers authority to establish a Community Facilities District (CFD) to fund/finance public facilities (schools, streets, sewers, storm drains). CFD's Special Taxes are collected on the property tax bill and appears as a separate line item clearly identified by the CFD name and public entity which has formed the CFD. Below are the financial report for the SMWD CFD's.

Fiscal Year 2022

State of California Mello-Roos Fiscal Year 2022 Status Report - CFD No. 2013-1 Series 2013

State of California Mello-Roos Fiscal Year 2022 Status Report - CFD No. 99-1 Series 2014

State of California Mello-Roos Fiscal Year 2022 Status Report - CFD No. 99-1 Series 2017

Parcel Tax Reporting - Fiscal Year 2022 Statistical Data: CFD No. 99-1

Parcel Tax Reporting - Fiscal Year 2022 Statistical Data: CFD No. 2013-1


Fiscal Year 2023

State of California Mello-Roos Fiscal Year 2023 Status Report - CFD No. 99-1 Series 2014

State of California Mello-Roos Fiscal Year 2023 Status Report - CFD No. 99-1 Series 2017

State of California Mello-Roos Fiscal Year 2023 Status Report - CFD No. 2013-1 Series 2013

State of California Mello-Roos Fiscal Year 2023 Status Report - CFD No. 2013 Series 2023