The Board completed governance training and adopted new meeting procedures to improve efficiency. They approved transitioning to Five Star Bank, saving approximately $106,000 annually through reduced fees and higher interest earnings. The income assistance program was expanded to include qualifying nonprofits at a 50% discount, estimated to cost $12,513 annually.
Board elected new President and Vice President to prioritize financial expertise for ongoing projects. Directors approved Green Bond financing via Water Revenue Certificates of Participation with a 4.0% interest rate cap to fund emergency generators, solar arrays, and seismic upgrades. District received a clean financial audit for fiscal year 2024-25 and its fourth consecutive Distinguished Budget Presentation Award, with net position increasing by $3.53 million to $75.02 million.
