EMWD’s service area is one of the fastest growing regions in the country. EMWD is a major economic driver for the region and is challenged to continue to meet growing service demands in a safe and economical manner.
Staff has prepared a comprehensive biennial budget report, providing the EMWD Board of Directors and stakeholders a complete view of EMWD’s financial condition. The budget process also provides an opportunity to evaluate resources relative to EMWD’s mission, vision and guiding principle, and strategic goals and objectives.
The biennial budget provides resources towards achieving the strategic standards of excellence of EMWD.
State law and debt covenants require that EMWD publish, within six months and 180 days of the close of each fiscal year, respectively, a complete set of audited financial statements. This report is published to fulfill that requirement and to provide the EMWD Board of Directors, the public and other interested parties these basic financial statements.
EMWD has several innovative projects that are funded, in part, by grants from various state, federal, and local agencies.
Perris North Groundwater Program
The program is a long-term solution to improve groundwater quality in the Perris North Groundwater Basin, located in the Moreno Valley area. The program will not only address groundwater contamination, but it will also continue to provide a safe and reliable water supply for surrounding communities.
With respect to obligations of community facilities districts, assessment districts within EMWD’s service area and EMWD’s general obligation bonds, EMWD is represented by, and will rely on the advice of, Fieldman, Rolapp & Associates, Inc., EMWD’s independent registered municipal advisor, in connection with any advice or recommendations that underwriters or dealers may provide relating to the issuance of municipal securities and/or municipal financial products.