Vista Irrigation District’s 2022 Budget represents a financial plan for the fiscal year (July 1, 2021 through June 30, 2022). This financial plan includes controllable costs, which the District exercises discretion and cost control over, and uncontrollable costs, such as purchasing water, where the District cannot exercise cost control because the San Diego County Water Authority (Water Authority), the region’s water wholesaler, sets the rates. The financial plan also contains costs that are essential to support the continued investment in infrastructure maintenance, repair and replacement.
District revenues are projected to increase by about 2.6%, or $1.4 million to $54,862,900; approximately 2.0%, or $1.0 million, of the revenue increase is a result of the pass through of water costs from the Water Authority and an inflationary adjustment to the service charge approved through the District’s Proposition 218 process.
District expenses are projected to increase by 17.5%, or $8.4 million to $56,677,000; approximately 16.6%, or $8.0 million, of the increase is related to the undergrounding of water facilities required as part Indian water rights litigation settlement entered into in 2017. All other operating expenses combined are increasing by less than 1%.
District capital expenditures are planned to be just over $7 million with $5.5 million of that amount being spent on pipeline replacement ($2.5 million) and the initial phase of construction on a new reservoir and pump station ($3.0 million).
The District plans to use $8.8 million from its reserves to fund the undergrounding project as well as other infrastructure projects.Fiscal Year 2022 Budget