Vista Irrigation District’s 2024 Budget represents a financial plan for the fiscal year (July 1, 2023 through June 30, 2024). 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 10% to $64.5 million, primarily as a result of the inclusion of the Water Authority’s pass-through rate increase as well as the District’s annual water rate adjustment effective on July 1, 2023 in water rates and charges.
District expenses are projected to decrease by 20% to $52.7 million largely due to no additional costs for undergrounding of water facilities required as part Indian water rights litigation settlement entered into in 2017 being included in the 2024 budget.
District capital expenditures are planned to be $10.3 million with $9.3 million of that amount being spent on infrastructure improvements including the installation of new and replacement pipelines ($3.1 million), the continued construction of a new reservoir and pump station ($2.6 million) and the rehabilitation of another reservoir ($3.6 million).
The District plans to contribute approximately $1.5 million to its reserves to fund future capital projects in the upcoming fiscal year.
2024 Budget Final Board Approved.pdf