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 Budgets

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.

2021/2022 Fiscal Year Budget

2020/2021 Fiscal Year Budget

2019/2020 Fiscal Year Budget

5 Year Capital Replacement Program

The Santa Margarita Water District's Five Year Capital Replacement Program (CRP)  is a projection of the District's capital funding requirements for planned capital replacement projects from Fiscal Year 2020 through Fiscal Year 2024.

This planning document outlines the proposed projects fro the next five years and provides an overview of the upcoming replacements throughout the domestic water, recycled water, and wastewater systems. The project costs provided are planning estimates and are to be reviewed each year to confirm applicability. This document is not a cash flow projection but a listing of proposed projects.

The CRP is just one component of the Capital Improvement Program. 

5 Year Capital Replacement Program FY2020


Public agencies such as SMWD do not issue a traditional annual report, but rather a much fuller report called a Comprehensive Annual Financial Report. This report highlights major projects and initiatives in addition to financial data. The Comprehensive Annual 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 Comprehensive Annual Financial Report has earned the prestigious Certificate of Achievement for Excellence in each year the report was prepared. This award recognizes governments whose annual financial reports achieve the highest standards in government accounting and financial reporting. 

Fiscal Year Ended June 30, 2020

Fiscal Year Ended June 30, 2019

Fiscal Year Ended June 30, 2018

View the State Controller's webpage for the district'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.

Mello-Roos 2020 Fiscal Status Report - CFD No. 2013-1 Series 2013

Mello-Roos 2020 Fiscal Status Report - CFD No. 99-1 Series 2014

Mello-Roos 2020 Fiscal Status Report - CFD No. 99-1 Series 2017

Parcel Tax Reporting - Fiscal Year 2020 Statistical Data: CFD No. 99-1

Parcel Tax Reporting - Fiscal Year 2020 Statistical Data: CFD No. 2013-1