The Metropolitan Water District Of Southern California Committee Meeting Minutes
The committee meeting addressed the 118th Fringe Area Annexation to the Eastern Municipal Water District and Metropolitan, including CEQA actions and resolution adoption. Additionally, the committee introduced an ordinance regarding the issuance of $500 million in Revenue Bonds to finance capital expenditures. An overview was provided on the district's processes for pursuing and administering external grants and funding awards. A follow-up request was made regarding the district's debt profile.
Aug 18, 2026
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The Metropolitan Water District of Southern California Finance, Affordability, Asset Management, and Efficiency Committee Minutes
The committee reviewed and approved a CEQA determination and a new license agreement with the City of Fontana to support the development of a new fire station and training facility. Additionally, the committee adopted a resolution to establish the ad valorem property tax rate for the upcoming fiscal year and reviewed a report regarding certified assessed valuations. The agenda also included a presentation on the preliminary year-end financial results for the previous fiscal year and a report on quarterly investment activities. Staff was directed to provide additional debt service cost estimates under alternative scenarios.
Jul 14, 2026·Board meeting
The Metropolitan Water District Of Southern California Finance, Affordability, Asset Management, And Efficiency Committee Minutes
The committee authorized the General Manager to execute a new license agreement with the California Department of Fish and Wildlife for up to twenty-five years to store boats, law enforcement vehicles, and related equipment at Diamond Valley Lake, Lake Skinner, and surrounding lakes. Informational items included a presentation on the Metropolitan Other Post Employment Benefits Actuarial Valuation Report and an overview of Metropolitan's finances, covering budget, rate structures, property taxes, funds, reserve policy, debt, and investments.
Jun 9, 2026·Board meeting agenda packet
Finance, Affordability, Asset Management, and Efficiency Committee Meeting Schedule
The committee meeting addressed several key financial and administrative items. These included the approval of insurance coverage for the property and casualty insurance program for the 2026/27 fiscal year and the approval of the Statement of Investment Policy for the same period. Additionally, the committee reviewed a study on the affordability of water services within the service area and received updates on committee activities and subcommittee reports related to CAMP4W.
