Board meetings, strategic plans, and buyer signals from Konstantin Shilkov’s organization
Sep 8, 2026·BoardMeeting
Board
Rainbow Municipal Water District Budget And Finance Committee Meeting Minutes
The committee discussed the renewal of a three-year contract with Softchoice for various Microsoft licensing services, noting the potential for cost savings through the County of Riverside Cooperative Microsoft License Contract. Proposed amendments to the Administrative Code regarding investment policy reporting and authorized investments were reviewed, focusing on consolidating monthly reporting and aligning investment lists with the California Government Code. Additionally, the committee received the monthly finance packet, which included a review of water sales, revenues, and treasury reports.
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Rainbow Municipal Water District Engineering And Operations Committee Meeting
The committee discussed several key items, including a proposed change order for Ardurra regarding engineering support services and the future award of contracts for on-call asphalt paving services. Amendments to the Administrative Code concerning connection and meter charges were reviewed, alongside the acceptance of minor facilities constructed by customers. Additionally, the committee received an update on resolving water pressure concerns in the Bridlewood area, noting that a pressure station may be added to the CIP schedule for a long-term solution.
Aug 18, 2026·BoardMeeting
Board
Rainbow Municipal Water District Regular Board Meeting
The Board of Directors meeting addressed several operational and strategic issues. Key topics included a status update on the Morro Tank, the adoption of the 2026 Strategic Plan, and the decision to terminate the water tank maintenance contract with USG Water Solutions in favor of bringing maintenance in-house. The Board also approved an ordinance regarding financial reporting and year-end closing procedures, received updates on water sales, capital improvement projects, and developments regarding water supply and construction projects in the region.
Aug 11, 2026·BoardMeeting
Board
Rainbow Municipal Water District Budget and Finance Committee Special Meeting
The committee discussed the proposed Financial Reporting and Year-End Closing Policy to ensure process consistency. The committee also reviewed the monthly finance packet, noting fiscal year-end totals and that operating expenses were on target despite the Budget to Actuals report showing a slight variance. Additionally, there was a discussion regarding rising wastewater treatment costs and the potential for a State Revolving Fund Loan to support future wastewater facility developments.
Extracted from official board minutes, strategic plans, and video transcripts.
