San Bernardino Valley Municipal Water District
Presentation on Valley District’s Revenues
Valley District has two funds which consist of
State Water Contract Fund and General Fund
State Water Contract Fund
A Restricted Fund that pays for costs associated with
the State Water Project
Revenues for this fund are generated from:
• Ad Valorem Property Tax
• RDA Successor Agency Pass Through Payments
• Investment Earnings
General Fund
A Fund that pays for all remaining non-State Water
Project expenditures of the District
Revenues for this fund are generated from:
• Water Sales
• Portion of the 1% Countywide Tax assessed by the
County
• RDA Successor Agency Pass Through Payments
• Investment Income
• Grant Funds
• Reimbursements from other Agencies for payment
on joint projects
State Water Contract Fund Revenues
• Ad Valorem Property Tax
• Property taxes are collected based on a tax rate set by Valley District Board of Directors each year to cover the costs associated with the State Water Contract Fund for that year. • The tax rate is applied to the assessed values as set by the County Assessor • Assessed values from
• Secured property, both improved and unimproved real property • Unsecured property, mainly business property
• Unitary, mainly Utility Company property
• Current tax rate is .13 cents on $100 of assessed values. • RDA Successor Agency Pass Through Payments
• The same tax rate is applied to assessed values within former Redevelopment Agency project areas. Due to RDA dissolution, the County Auditor Controller calculates and remits Pass Through Payments to the District twice a year. • Investment Earnings
• The District conservatively invests reserve funds and earnings from these funds are income to the State Water Contract Fund
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10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
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20,000
40,000
60,000
80,000
100,000
Imported Not Imported Historic Average
Historic Average
State Water Project Final Table “A” Allocation by Calendar Year 1972 - 2022
State Water
Contract Fund
Debt Service Tax
Rate FY
2001 - 2022
General Fund Revenue
• Water Sales
• The District is a wholesale provider and sells water to retailer water agencies within the district’s service area.
The District has an allocation from the State Water Project of 102,600 acre feet (af) per year. The State of California Department of Water Resources sets the allocation based on water available each year. The current year allocation is 5%, which calculates to 5,130 af available this calendar year for Valley District to sell. • The current rates were set in 2003, the base price is $148 per af. If the retailer orders water for delivery in the following year by December 31 and pays by January 31, they will receive a discount off the base price. • For water that is direct delivery to a treatment plant, the discount is 15% which sets the price at $125.80 af. • For water that is groundwater recharge, the discount is 20% which sets the price at $118.40 af. • Investment Earnings
• The District conservatively invests reserve funds and earnings from these funds are income to the General Fund General Fund Revenue
• Portion of the 1% Countywide Tax assessed by the County • The County assessed a 1% General Tax Levy. The Auditor Controller has prepared chart on General Tax Levy Allocation. • The District receives approximately 2.5% of the 1% General Tax Levy.
• For the June 30, 2021 fiscal year, the District received $11 million dollars from San Bernardino County General Fund Property Taxes. • RDA Successor Agency Pass Through Payments
• Funds allocated to Redevelopment Agencies are deposited into the Redevelopment Property Tax Trust Fund (RPTTF) which is
administered by the County Auditor Controller (ATC). The ATC calculates the pass through payments and residual balance remaining in the RPTTF and distributed to the District after expenditures of each successor agency are satisfied each year.
Source: San Bernardino Auditor-Controller/
Treasurer/Tax Collector 2021 Annual Report
General Fund Revenue
San Bernardino County Auditor Controller developed a web page that allows taxpayers to see where their property tax dollars go. It is titled Where do my Property Tax Dollars Go? located at mytaxcollector.com website.
It is a great source for the public can easily search by their address or parcel number and obtain detailed information on where the 1% general tax levy revenue is allocated in addition to direct charge and voter approved bond information
• http
://www.sbcounty.gov/ATC/GTL/Search
Questions?