The board received a clean financial audit showing strong fiscal health with $608 million in total assets and increased unrestricted reserves. Directors approved extending participation in the Yuba Dry Year Water Purchase Program through 2050, keeping access to cost-effective supplemental water that staff described as cheaper than current Table A costs in the example given. The Department of Water Resources announced an initial 2026 State Water Project allocation of just 10% based ...
A special board meeting scheduled for December 9th will address the annual audit report and a water purchase program amendment with extended pricing terms. The agency is approaching a future go or no-go decision point on the Sites Reservoir project as it moves toward a construction phase, with staff preparing necessary administrative records. Organizational changes include bringing an IT/cybersecurity director role in-house and adjusting the salary chart for new and updated positions.
Board adopted a 5‑year strategic plan focusing on sustainability, operations, modernization, and engagement, with 17 objectives. California’s projected $15–25 billion annual budget deficits will constrain state funding for water infrastructure and increase reliance on Proposition 4 bond funds. The state allocated $20 million under AB149 for invasive mussel control, though total costs may exceed $100 million annually.
The agency is moving forward with a major reservoir project that will require a $190 million commitment to be made by March 2026, representing 40,521 acre feet of storage capacity. A new union agreement covering agency employees was unanimously approved with a $38,000 fiscal impact for 2025-2027. Despite ongoing conservation efforts, water sales revenue continues running 2% above budget projections due to rate increases offsetting reduced consumption.
The board voted to reverse their previous decision and keep regular meetings at 8 AM instead of moving to 9 AM. Two critical groundwater management plan updates are underway with community workshops scheduled, which will impact future water regulations. The agency reported strong financial performance with revenues exceeding budget and expenses well below projections.
