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HomeMy WebLinkAbout2025-01-16 RVCWD PacketAn' UKIAH VALLEY WATER AUTHORITY Redwood Valley County Water Distri L Regt4w Meeting AGENDA 151 Laws Avenue + Ukiah, CA 95482 To participate or view the virtual meeting, go to the following link: https://usO6web.zoom.us/V8lg67367611 Alternatively, you may view the meeting (without participating) by clicking on the date and name of the meeting at wvt,.ti.citvofukiah,corriirriee,liisr_i§, then go to the media tab. �0D January 16,2025 - 6100 PM I CALL TO ORDER AND ROLL CALL 1.a. Directors: Gaska, Schoeneman, Todd, Klotter, Taaning, and GM Walker Recommended Action: Attachments: None a Z The Ukiah Valley Water Authority (UVWA) - Redwood Valley County Water District members welcome input from the audience. In order for everyone to be heard, please limit your comments to three (3) minutes per person and not more than ten (10) minutes per subject. The Brown Act regulations do not allow action to be taken on audience comments on non -agenda items. If you wish to submit written comments, please provide information to the UVWA-Redwood Valley, located at 151 Laws Avenue, Ukiah, CA, 95482. 3.a. 12.19.24 Redwood Valley Minutes 6. UNFINISHED BUSINESS Water Supply Updates: Eel Russian Project Authority (ERPA): Small Community Drought Relief Grant Project: Ukiah Valley Water Authority (UVWA): Annexation Efforts with Russian River Flood Control District: 7. NEW BUSINESS Ta. 2024-2025 Fiscal Audit Attachments: 1. 2024-2025 Audit Report Redwood Valley 7.b. Consideration of Board President and other Committee Representatives Tc. Consideration of Additional Fencing Around Water Treatment Plant Facility S�� I f :S=ktl 9.a. Discussion and Action to Schedule Next Regular Meeting Date of February 20, 2025. 1 Please be advised that the Ukiah Valley Water Authority (UVWA)-Redwood Valley County Water District (RVCWD) needs to be notified 24 hours in advance of a meeting if any specific accommodations or interpreter services are needed in order for you to attend. UVWA-RVCWD complies with ADA requirements and will attempt to reasonably accommodate individuals with disabilities upon request. Materials related to an item on this Agenda submitted to the UVWA-RVCWD Board Members after distribution of the agenda packet are available for public inspection at the front counter at the Ukiah Civic Center, 300 Seminary Avenue, Ukiah, CA 95482, during normal business hours, Monday through Friday, 8:00 am to 5:00 pm. Any handouts or presentation materials from the public must be submitted to the clerk 48 hours in advance of the meeting-, for handouts, please include 10 copies. I hereby certify under penalty of perjury under the laws of the State of California that the foregoing agenda was posted on the bulletin board at the main entrance of the City of Ukiah City Hall, located at 300 Seminary Avenue, Ukiah, California; and at 2370 Webb Ranch Road, Redwood Valley, California; not less than 24 hours prior to the meeting set forth on this agenda, Kim Saylor, District Clerk Dated: 1/10/25 9�� MINUTES REDWOOD VALLEY COUNTY WATER DISTRICT REGULAR BOARD MEETING THURSDAY, DECEMBER 19, 2024 i. Call to Order: 5:01 p.m. 2. Directors Present: Director Ken Todd Director Schoeneman Director Klotter Director Adam Gaska Absent: Director Taaning. Others Present: General Manager - Jared Walker, Office Manager - Liz Patton, Board Secretary - Kim Saylor, Public - John Rearden, Russian River Flood Control District, Monica Huettl. 3. Public Forum None. 4. Consider hearing of urgent items received since the Agenda was posted: None. 5. Agenda Director Todd made a motion, seconded by Director Schoeneman, to approve the agenda. This motion was passed with a unanimous aye vote. 6. Minutes Director Klotter made a motion, seconded by Director Todd, to approve the minutes as amended of October 17, 2024, Regular Board Meeting. This motion was passed with a unanimous aye vote. 7. Financial Statements Director Klotter made a motion, seconded by Director Schoeneman, to approve the financials for October & November 2024. This motion was passed with a unanimous aye vote. S. Staff Reports a. General Manager i. GM, Walker reported that the road work on the way to Lake Pump was completed prior to the rainy season. ii. Meter change outs continue in Redwood Valley. iii. The reservoir intake screen was dislodged, and divers were called in (from Sacramento Area) to fix the screen. iv. January 2, 2025, will be the first day working for The City of Ukiah for staff. v. A Form 700 will need to be filled out, it is an annual form. b. Office Manager i. Office Manager Patton reported that the financials will transition to Olga from the City's financial team. Olga will attend the February meeting to answer any questions the board might have regarding financials. 9. Old Business a. Water Supply Updates i. Lake Mendocino is seeing the highest rain totals pre -Christmas. Approximately 50o-600 CFS out 250 going into the Lake. b. Updates on Eel -Russian Project Authority (ERPA) i. None. C. Updates on Small Community Drought Relief Grant Project i. Hydrology results were sent to DBS&A for 3 possible wells. They are still looking for drillers. The project end date is Fall of 2025. d. Report on Ukiah Valley Water Authority (UVWA) i. GM, Walker reported that the first meeting with Willow, Oaths of Office, was completed. Olga from City of Ukiah will provide updates from City Administration Staff regarding financials through the transition to the City of Ukiah. Dan Buffalo gave a presentation discussing the goal for a joint rate study eventually allowing consistent rate zones. e. Report on Annexation Efforts with Russian River Flood Control District i. Discussion about Annexation to Russian River Flood Control. Questions regarding a quote from LACO. Clarification requested on if both or one is paying Russian River Flood Control. io. New Business a. Consideration of 2024-2025 Audit Report i. Director Klotter made a motion, seconded by Director Todd to approve the 2024-2025 Audit Report. This motion was passed with a unanimous aye vote. b. Consideration of Resolution No. 24-02: Resolution of the Board of Directors Authorizing Change of Signature Card on the Public Fund Account — 21289793; and the General Fund Account Established with Savings Bank of Mendocino County. i. Director Klotter made a motion, seconded by Director Todd to approve Resolution of the Board of Directors Authorizing Change of Signature Card on the Public Fund Account - 21289793; and the General Fund Account Established with Savings Bank of Mendocino County. This motion was passed with a unanimous aye vote. Director's Report None. Adjournment Director Gaska made a motion, seconded by Director Todd, to adjourn the meeting. This motion was passed with a unanimous aye vote. The meeting was adjourned at 5:52 P.M. 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AO CD (O Ch ooJ V NN CU OOOA Cr(O V O(b 0 cn CO O0(0O N N O Cl) ON cn co co O)AO0 coM —OOO 0)co IX>NO N CQ CD N 10:56 AM Redwood Valley County Water District 01/13/25 Profit & Loss Accrual Basis December 2024 Dec 24 Nov 24 Dec 23 Ordinary Income/Expense Income 4000 • Water Sales 4020 • Water Sales - Domestic (Billing 4040 • Water Sales -irrigation Billing Total 4000 • Water Sales 4050 • meter fees 4330 • Meter Fee's - Domestic 4331 • Irrigation Meter Fees Total 4050 • meter fees 4075 • other operating revenue 4305 • Late Notices - Domestic 4310 • Doorhanger Fee's - Domestic 4315 • Admin Fee's - Domestic 4335 Reconnect Fee's - Domestic 4340 Late Notices - Irrigation 4345 • Doorhanger Fee's - Irrigation 4410 • CC Convenience Fee 5522 • Return Check Total 4075 • other operating revenue Total Income Gross Profit Expense 5000 • source of supplies 5002 • water 5005 • Water Right Expense Total 5000 • source of supplies 5100 • Pumping 5120 • Power Costs - Pumping 5130 • Repairs & Maint. - Pumping 5335 • PG&E Intertie Total 5100 • Pumping 5200 • Water Treatment 5224 • WT Chemicals 5230 • Power Costs - Wtr. Treatment 5235 • Solar Power 5240 • Repairs & Maint. - Water Treat. 5250 • Water Analysis - Water Treat. Total 5200 • Water Treatment 5300 • Transmission & Distribution 5320 • Operating Supplies - Trans & D. 5330 • Power Costs - Trans. & Dist. 5342 • Repairs & Maint. - Domestic 5346 • Repairs & Maint. - Other 5365 • Tank Maintenance 5501 • Labor/contract Total 5300 • Transmission & Distribution 5400 • Customer Accounts 5025 • Write Off Uncollectable Account 5430 • Backflow Prevention Tests & Dev Total 5400 - Customer Accounts 5500 • General & Administrative 5501.6 • Admin Servcie Contract (office) 5510 • Payroll Expenses - G & A 5515 • Payroll Taxes - G & A 5520 • Bank Service Charges - G & A 5523 • Return Check Bank Fee 5525 • CC Processing fees 5540 • Annual Fees & licensing 5560 • Insurance - G & A -1, 531.25 0.00 45,642.61 341.48 57,318.58 751.54 -1, 531.25 45, 984.09 58,070.12 0.00 31, 729.06 29, 063.48 0.00 21,108.64 19, 825.05 0.00 0.00 0.00 0.00 0.00 0.00 275.50 -15415 0.00 120.75 -1,410.50 -1,410.50 12,442.22 0.00 12,442.22 459.51 -15,860.24 2,315.36 -13,085.37 0.00 1,650.86 667.68 3,836.77 1,919.00 8,074.31 302.28 500.63 2,835.70 0,00 0.00 32, 918.79 36,557,40 1,406.17 0.00 1,406.17 3,637.15 4,267.53 372.36 377.80 7.00 388.47 110.00 986.62 52,837.70 3,075.00 240.00 1,130.00 50,00 540.00 30.00 248.50 0.00 5,313.50 104,135.29 104.135, 29 13,052.30 1,436.80 14,489.10 32,882.13 419.00 2,221.69 35,522.82 0.00 722.18 925.44 45,397.33 902.00 47,946.95 50A1 519.59 1,505.91 0.00 156.23 32,918.79 35,150.93 807.00 -360.00 447,00 3,637.15 6,401.29 558.54 315.25 0.00 390A4 0.00 -75.00 48,888,53 3,000.00 300.00 120.00 50.00 0.00 30.00 238.00 728.39 4,466.39 111,425.04 111,425.04 13, 212.98 0.00 13, 212.98 0.00 15,167.62 0.00 15,167, 62 740.26 1,121.84 0.00 3,405.64 1,050.00 6,317.74 268.79 0.00 0.00 8,500.00 0.00 25,117.72 33,886.51 0.00 -540.00 -540,00 3,118.12 6,604.01 574.05 313.10 0.00 425.90 501.00 961.62 Page 1 10:56 AM Redwood Valley County Water District 01/13/25 Profit & Loss Accrual Basis December 2024 Dec 24 Nov 24 Dec 23 5575 Deferred Comp. Employer 600.00 900.00 900.00 5580 Licenses & Permits - G & A 7,241.92 0.00 11,900.79 5610 • Postage & Delivery - G & A 94.00 74.41 79&00 5630 • Professional Fees - G & A 5632 • Professional Fees - Accting 308.96 312A6 500.85 5634 • Professional Fees - Auditing 2,750.00 0.00 2,080.00 5636 • Professional Fees - Legal 0.00 0.00 96.25 5638 • Professional Fees - Engineering 0.00 218.90 1,660.00 Total 5630 • Professional Fees - G & A 3,058.96 531.36 4,337.10 5640 • Repairs - G & A 5644 • Repairs - Computer Equip. 546.00 110.00 326.00 Total 5640 • Repairs - G & A 546.00 110.00 326.00 5660 • Telephone - G & A 154.98 150.43 388.30 5680 • Utilities - G & A 83.71 83.71 82.09 5685 • Property security system 145.90 0.00 72.95 Total 5500 • General & Administrative 22,072A0 13,077.58 31,303,03 5700 • Depreciation Expense 28,916.63 28,916.63 28,916.63 Total Expense 96,383.76 175,551.01 128,264.51 Net Ordinary Income -97,794.26 -71,415.72 -16,839,47 Other Income/Expense Other Income 4400 • Interest Income 24.04 25.14 21.64 4500 • County Taxes 19,680.06 0.00 0.00 Total Other Income 19,704.10 25.14 21.64 Net Other Income 19,704.10 25.14 21.64 Net Income -78,090.16 -71,390.58 -16,817.83 Page 2 ^^ O O N (D _ "a "a 'a 'a 'O 'O a 'O 'a 'a -a 'o 'O a 'O 'O 'O 'a 'a — — — D) N O (D 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 v @ � T. 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CD O N N : _ -' ( 3, N N N N N N N 0) O O O O O O O O CD O O 0 0 O 0 0 O O O p v 0 D N 0 0 0 oO 0 0 o CD� c 0 0 0 0 0 CD c c c c c 0 0 0 c c c � N N N -P N W 0) A V J co co Cn c0 O .-P O O W W I-n N N W W A O A W p Co Oo O W Oo (O W (O j V (O O (O O O 0 0 0 O w W w W W O Cn Cn co O co O C. 0 0 0 n N rn rn a s A W O O O O O O O O (P A J N O O O O O O O A V V A A O O O O O O O W N tD W C7 W A O O N N N O A A V W _ co (n _ Ot O) cn A ? A W W n O A O A A 6) W N Ot cn N W W A A A 41 d) O) W O CDA O O A V N m m W 01 A A J A A W w 00 0 O (n 03 co co O O 0 0 0 Q X (D 0 n Q. CD a 0 CD 3 0 N 0 � O N (p 90 K s 0r U) � Ch r+ L �v w v N U) O r+ U+ n z z CD 0 0 0 3 (D (D 0 (D En 0 0 CD 0 - cr, o o 3 ET - o CD (D 0 CD 70 . Al 3 0 (D 0 x m —0 x CD En O CD 41. O z 0) c I q Ell ;z (D 3 0 I C) CD 0 0 C> lA fD 80 0 --J 4 M M (D (D a co a) a CD A0) CY) 0 M CD (D 0 M CD 3 0 a 0 (D CU 11:01 AM Redwood Valley County Water District 01/13/25 Balance Sheet Accrual Basis As of December 31, 2024 Doc 31, 24 Nov 30, 24 Dec 31, 23 ASSETS Current Assets Checking/Savings 1000 - Cash - General Checking 471,880.85 401,099,11 229,052.24 1020 • Petty Cash 250.00 250.00 250,00 1100 - Cash -Money Market 1110 - Money Mkt -Water Payment Acets 0.00 0.00 72,435.56 1120 • Money Market - BUREC 84,374.35 84,370.78 84,332.18 1160 • Money Market - LAIF 123,068,85 123,068.85 264,232.82 1190 • Money Market -Sinking Fund 0.00 0.00 22,375.14 1100 - Cash - Money Market - Other 0.00 0.00 25.00 Total 1100 - Cash - Money Market 207,443.20 207,439.63 443,400.70 1180 • Payroll Bank Account 7,801.33 5,300.18 3,166.95 Total Checking/Savings 687,375.38 614,088.92 675,869.89 Accounts Receivable 1200 - Accounts Receivable 1220 - Accounts Receivable -Irrigation 3.109-27 28,756.75 27,108.37 1240 - Accounts Receivable -Domestic 15,462.37 126,711,90 110,635.08 1261 - accounts receivable- landlords 0.00 1,516.17 1,351.44 Total 1200 - Accounts Receivable 18,571.64 156,984,82 139,094.89 1262 - account receivable other 3,840.22 3,840.22 0.00 1420 - Co. of Mendocino 17,317.62 17,317.62 0.00 1430 - ar dwr 304,857,33 304,857,33 0.00 Total Accounts Receivable 344,586.81 482,999,99 139,094.89 Other Current Assets 1410 . insurance receiablo ACWA 0.00 0.00 81,556.50 1499 - Undeposited Funds 0.00 -8,358,59 805.09 1540 • Prepaid insurance 1,818.00 1,818.00 3,632.00 Total Other Current Assets 1,818.00 -6,540.59 85,993.59 Total Current Assets 1,033, 780,19 1,090,548.32 900,958.37 Fixed Assets 1620 - Projects 1630 • Irrigation Improvement Project 65,195.02 65,195.02 65,195.02 Total 1620 • Projects 65,195.02 65,195.02 65,195,02 1700 - Land 62,924,57 62,924-57 62,924.57 1800 • Fixed Assets 1820 - Buildings & Improvements 1822.6 - Chemical Feed 4,410,01 4,410.01 4,172.14 1860 - Accum. Depreciation -Bldg & Imp. -13,070,848.78-13,041,932.15 -12,718,675,82 Total 1820 - Buildings & Improvements -13,066,438-77 -13,037,522.14 -12,714,503.68 1840 - Equipment/Operations 8,761.87 8,761.87 0.00 Total 1800 • Fixed Assets -13,057,676.90 -13,028,760.27 -12,714,503.68 1830 - Groundwater Study -Now Well 0.00 0.00 80,700.00 1920 - Pumping Plant. 2,317,464.32 2,317,464.32 2,317,464.32 1926 - Treatment Plant. 2,340,457.85 2,340,457.85 2,340,457.85 1930 - Transmission & Distribution. 10,545,977,61 10,545,977,61 10,490,216.37 1935 - Buildings & Improvements. 191.986.83 191,986.83 191,986,83 1940 • Operating Equipment. 254,005.97 254,005.97 254,005.97 Total Fixed Assets 2,720,335.27 2,749,251.90 3,088,447.25 TOTAL ASSETS 3,764,116.46 3,839,800.22 3,989,405.62 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2000 - Accounts Payable 100,076.17 107,070.77 123,596.40 Total Accounts Payable 100,076.17 107,070.77 123,596.40 Other Current Liabilities 2010 - MCP Solar Payable 8,690.90 8,690.90 8,690.90 2050 - Compensated Absences 7,044.41 7,044.41 12,292.94 2196 - Section 457 Plan 600.00 1,200.00 600.00 Total Other Current Liabilities 16,335.31 16,935.31 21,583.84 Total Current Liabilities 116,411.48 124,006.08 145,180.24 Page 1 11:01 AM Redwood Valley County Water District 01/13/25 Balance Sheet Accrual Basis As of December 31, 2024 Dec 31, 24 Nov 30, 24 Doc 31, 23 Long Term Liabilities 2240 • Refundable Deposits 2700 • U.S. Bureau of Reclamation 2710 • Bureau -Interest Payable Total Long Term Liabilities Total Liabilities Equity 3000 • Fund Balance 3300 • Reserved- Sinking Fund Total 3000 • Fund Balance 3900 • Retained Earnings Net Income Total Equity TOTAL LIABILITIES & EQUITY 18,800.00 7,255,000.00 1,436,722.00 8,710,522.00 8,834,528.08 22,313.53 22,313.53 -4,822,302.18 -194,739.21 18,800.00 7,255,000.00 1,436,722.00 8,710,522.00 8,826,933.48 22,313.53 22.313.53 -4,822,302.18 -272,829,37 24,998.05 7,255,000.00 1,436,722.00 8,716,720.05 8,861,900.29 22, 313.53 22,313.53 -4,818,409,82 -76.398.38 -5,072,818.02 4,994,727.86 A,872,494.67 3,764,115.46 3,839,800.22 3,989,406.62 Page 2 MICHAEL., A. CELENTANO Certified Public Accountant 7518 Wight Way 707-367-9729 Kelseyville CA 95451 maccpa@pacific.net To the Management and The Board of Directors of Redwood Valley Water District I have audited the financial statements of the business -type activities of Redwood Valley County Water District for the year ended June 30, 2024. Professional standards require that I provide you with information about my responsibilities under generally accepted auditing standards, as well as certain information related to the planned scope and timing of my audit. I have communicated such information in my letter to you dated December 31, 2024. Professional standards also require that I communicate to you the following information related to my audit. Significant Audit Findings Qualitative Aspects of Accounting Practices Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by Redwood Valley County Water District are described in Note 1 to the financial statements. No new accounting policies were adopted and the application of existing policies was not changed during the year. I noted no transactions entered into by the governmental unit during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period. Accounting estimates are an integral part of the financial statements prepared by management and are based on management's knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimate affecting the District's financial statements was: There were no significant estimates affecting the financial statement during the current year. The financial statement disclosures are neutral, consistent, and clear. Difficulties Encountered in Performing the Audit I encountered no significant difficulties in dealing with management in performing and completing my audit. Corrected and Uncorrected Misstatements Professional standards require me to accumulate all known and likely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. Management has corrected all such misstatements. In addition, none of the misstatements detected as a result of audit procedures and corrected by management were material, either individually or in the aggregate, to each opinion unit's financial statements taken as a whole. Disagreements with Management For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to my satisfaction, that could be significant to the financial statements or the auditor's report. I am pleased to report that no such disagreements arose during the course of my audit. Management Representations I have requested certain representations from management that are included in the management representation letter dated December 31, 2024. Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a "second opinion" on certain situations. If a consultation involves application of an accounting principle to the governmental unit's financial statements or a determination of the type of auditor's opinion that may be expressed on those statements, my professional standards require the consulting accountant to check with me to determine that the consultant has all the relevant facts. To my knowledge, there were no such consultations with other accountants. Other Audit Findings or Issues I generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the governmental unit's auditors. However, these discussions occurred in the normal course of my professional relationship and my responses were not a condition to my retention. This information is intended solely for the use of the Board of Directors and management of Redwood Valley County Water District and is not intended to be, and should not be, used by anyone other than these specified parties. Very truly yours, Michael A Celentano Certified Public Accountant December 31, 2024 MICHAEL A. CELENTANO Certified Public Accountant 7518 Wight Way 707-367-9729 Kelseyville CA 95451 maccpagpacific.net To the Management and The Board of Directors of Redwood Valley County Water District In planning and performing my audit of the financial statements of the business -type activities of Redwood Valley County Water District as of and for the year ended June 30, 2024 , in accordance with auditing standards generally accepted in the United States of America, I considered Redwood Valley County Water District's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing my opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Redwood Valley County Water District's internal control. Accordingly, I do not express an opinion on the effectiveness of the Redwood Valley County Water District's internal control. My consideration of internal control was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and, therefore, material weaknesses or significant deficiencies may exist that were not identified. However, as discussed below, I identified certain deficiencies in internal control that I consider to be significant deficiencies. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency or a combination of deficiencies in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected, on a timely basis. I did not identify any deficiencies in internal control that I consider to be material weaknesses. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. I consider the following deficiencies in Redwood Valley County Water District's internal control to be significant deficiencies: District Structure The size of the District's accounting and administrative staff precludes certain internal controls that would be preferred if the office staff were large enough to provide optimum segregation of duties. This situation dictates that the Board of Directors remains involved in the financial affairs of the District to provide oversight and independent review functions. This communication is intended solely for the information and use of management, Board of Directors, and others within the organization, and is not intended to be and should not be used by anyone other than these specified parties. Very truly yours, Michael A Celentano Certified Public Accountant December 31, 2024 December 31, 2024 Michael A Celentano Certified Public Accountant 7518 Wight Way Kelseyville CA 95451 This representation letter is provided in connection with your audit of the financial statements of Redwood Valley County Water District, which comprise the respective financial position of the business -type activities as of June 30, 2024, and the respective changes in financial position and cash flows for the year then ended, and the related notes to the financial statements, for the purpose of expressing opinions as to whether the financial statements are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Certain representations in this letter are described as being limited to matters that are material. Items are considered material, regardless of size, if they involve an omission or misstatement of accounting information that, in light of surrounding circumstances, makes it probable that the judgment of a reasonable person relying on the information would be changed or influenced by the omission or misstatement. An omission or misstatement that is monetarily small in amount could be considered material as a result of qualitative factors. We confirm, to the best of our knowledge and belief, as of December 31, 2024, the following representations made to you during your audit. Financial Statements 1) We have fulfilled our responsibilities, as set out in the terms of the audit engagement letter dated February 14, 2023, including our responsibility for the preparation and fair presentation of the financial statements in accordance with U.S. GAAP and for preparation of the supplementary information in accordance with the applicable criteria. 2) The financial statements referred to above are fairly presented in conformity with U.S. GAAP and include all properly classified funds and other financial information of the primary government and all component units required by generally accepted accounting principles to be included in the financial reporting entity. 3) We acknowledge our responsibility for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. 4) We acknowledge our responsibility for the design, implementation, and maintenance of internal control to prevent and detect fraud. 5) The methods, significant assumptions, and data used in making accounting estimates and their related disclosures are appropriate to achieve recognition, measurement, or disclosure that is reasonable in accordance with U.S. GAAP 6) Related party relationships and transactions, including revenues, expenditures/expenses, loans, transfers, leasing arrangements, and guarantees, and amounts receivable from or payable to related parties have been appropriately accounted for and disclosed in accordance with U.S. GAAP. 7) Adjustments or disclosures have been made for all events, including instances of noncompliance, subsequent to the date of the financial statements that would require adjustment to or disclosure in the financial statements. 8) The effects of uncorrected misstatements are immaterial, both individually and in the aggregate, to the financial statements as a whole for each opinion unit. A list of the uncorrected misstatements is attached to the representation letter. 9) The effects of all known actual or possible litigation, claims, and assessments have been accounted for and disclosed in accordance with U.S. GAAR 10) Guarantees, whether written or oral, under which the District is contingently liable, if any, have been properly recorded or disclosed. Information Provided 11) We have provided you with: a) Access to all information, of which we are aware, that is relevant to the preparation and fair presentation of the financial statements, such as records, documentation, and other matters. b) Additional information that you have requested from us for the purpose of the audit. c) Unrestricted access to persons within the District from whom you determined it necessary to obtain audit evidence. d) Minutes of the meetings of Board of Directors or summaries of actions of recent meetings for which minutes have not yet been prepared. 12) All material transactions have been recorded in the accounting records and are reflected in the financial statements. 13) We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud. 14) We have no knowledge of any fraud or suspected fraud that affects the District and involves: ® Management, ® Employees who have significant roles in internal control, or ® Others where the fraud could have a material effect on the financial statements. 15) We have no knowledge of any allegations of fraud or suspected fraud affecting the District's financial statements communicated by employees, former employees, regulators, or others. 16) We have no knowledge of instances of noncompliance or suspected noncompliance with provisions of laws, regulations, contracts, or grant agreements, or abuse, whose effects should be considered when preparing financial statements. 17) We have disclosed to you all known actual or possible litigation, claims, and assessments whose effects should be considered when preparing the financial statements. 18) We have disclosed to you the identity of the District's related parties and all the related party relationships and transactions of which we are aware. Government —specific 19) There have been no communications from regulatory agencies concerning noncompliance with, or deficiencies in, financial reporting practices. 20) We have identified to you any previous audits, attestation engagements, and other studies related to the audit objectives and whether related recommendations have been implemented. 21) We have identified to you any investigations or legal proceedings that have been initiated with respect to the period under audit. 22) The District has no plans or intentions that may materially affect the carrying value or classification of assets, liabilities, or equity. 23) We are responsible for compliance with the laws, regulations, and provisions of contracts and grant agreements applicable to us, including tax or debt limits and debt contracts; and legal and contractual provisions for reporting specific activities in separate funds. We have appropriately identified, recorded, and disclosed all leases in accordance with GASES No. 87. 24) We have appropriately disclosed or recognized conduit debt obligations and/or certain arrangements associated with conduit debt obligations in accordance with GASBS No. 91 . 25) We have appropriately identified, recorded, and disclosed subscription -based information technology arrangements in accordance with GASES No. 96. 26) We have identified and disclosed to you all instances, which have occurred or are likely to have occurred, of fraud and noncompliance with provisions of laws and regulations that we believe have a material effect on the financial. 27) There are no violations or possible violations of budget ordinances, laws and regulations (including those pertaining to adopting, approving, and amending budgets), provisions of contracts and grant agreements, tax or debt limits, and any related debt covenants whose effects should be considered for disclosure in the financial statements, or as a basis for recording a loss contingency, or for reporting on noncompliance. 28) As part of your audit, you assisted with preparation of the financial statements and related notes. We acknowledge our responsibility as it relates to those nonaudit services, including that we assume all management responsibilities; oversee the services by designating an individual, preferably within senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of the services performed; and accept responsibility for the results of the services. We have reviewed, approved, and accepted responsibility for those financial statements and related notes. 29) The District has satisfactory title to all owned assets, and there are no liens or encumbrances on such assets nor has any asset been pledged as collateral. 30) The District has complied with all aspects of contractual agreements that would have a material effect on the financial statements in the event of noncompliance. 31) The financial statements include all component units as well as joint ventures with an equity interest, and properly disclose all other joint ventures and other related organizations. 32) The financial statements properly classify all funds and activities, in accordance with GASB Statement No. 34, as amended, and GASES No 84. 33) The financial statements properly classify all funds and activities in accordance with GASBS No. 34 , as amended 34) All funds that meet the quantitative criteria in GASBS Nos. 34 and 37 for presentation as major are identified and presented as such and all other funds that are presented as major are particularly important to financial statement users. 35) Components of net position (net investment in capital assets; restricted; and unrestricted) , and components of fund balance (nonspendable, restricted, committed, assigned, and unassigned) are properly classified and, if applicable, approved. 36) Provisions for uncollectible receivables have been properly identified and recorded. 37) Expenses have been appropriately classified in or allocated to functions and programs in the statement of activities, and allocations have been made on a reasonable basis. 38) Revenues are appropriately classified in the statement of activities within program revenues, general revenues, contributions to term or permanent endowments, or contributions to permanent fund principal. 39) Interfund, internal, and intra-entity activity and balances have been appropriately classified and reported. 40) Deposits and investment securities and derivative instruments are properly classified as to risk and are properly disclosed. 41) Capital assets, including infrastructure and intangible assets, are properly capitalized, reported, and, if applicable, depreciated. 42) We have appropriately disclosed the District's policy regarding whether to first apply restricted or unrestricted resources when an expense is incurred for purposes for which both restricted and unrestricted net position is available and have determined that net position is properly recognized under the policy. 43) We are following our established accounting policy regarding which resources (that is, restricted, committed, assigned, or unassigned) are considered to be spent first for expenditures for which more than one resource classification is available. That policy determines the fund balance classifications for financial reporting purposes. 44) We acknowledge our responsibility for the required supplementary information (RSI). The RSI is measured and presented within prescribed guidelines and the methods of measurement and presentation have not changed from those used in the prior period. We have disclosed to you any significant assumptions and interpretations underlying the measurement and presentation of the RSI. Signature: Signature: Title: Title: REDWOOD VALLEY COUNTY WATER DISTRICT FINANCIAL STATEMENTS JUNE 30. 2024 AND 2023 REDWOOD VALLEY COUNTY WATER DISTRICT FINANCIAL STATEMENTS JUNE 30 2024 AND 2023 TABLE OF CONTENTS Independent Auditor's Report Financial Statements Statement of Net Position Statement of Activities And Changes in Net Position Statement of Cash Flows Notes to the Financial Statements 10 MICHAEL A. CELENTANO Certified Public Accountant 7518 Wight Way 707-367-9729 Kelseyville CA 95451 maccpa@,pacific.net Board of Directors Redwood Valley County Water District Ukiah, CA 95482 Independent Auditor's Report Opinions I have audited the accompanying financial statements of the business -type activities Redwood Valley County Water District as of and for the years ended June 30, 2024 and 2023, and the related notes to the financial statements, which collectively comprise the Redwood Valley County Water District's basic financial statements as listed in the table of contents. In my opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the business -type activities of Redwood Valley County Water District as of June 30, 2024 and 2023, and the respective changes in financial position and cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions I conducted my audit in accordance with auditing standards generally accepted in the United States of America. My responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of my report. I am required to be independent of the Redwood Valley County Water District, and to meet my other ethical responsibilities, in accordance with the relevant ethical requirements relating to my audit. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinions. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Redwood Valley County Water District's ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. Auditor's Responsibilities for the Audit of the Financial Statements My objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes my opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with generally accepted auditing standards, I: Exercise professional judgment and maintain professional skepticism throughout the audit. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. o Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Redwood Valley County Water District's internal control. Accordingly, no such opinion is expressed. ® Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. a Conclude whether, in my judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Redwood Valley County Water District's ability to continue as a going concern for a reasonable period of time. 1 am required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control -related matters that we identified during the audit. Required Supplementary Information The District has not presented Management's Discussion and Analysis that accounting principles generally accepted in the United State has determined is necessary to supplement, although not required to be part of the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. My opinions on the basic financial statements are not affected by this missing information. Michael A Celentano Certified Public Accountant December 31, 2024 4 REDWOOD VALLEY COUNTY WATER DISTRICT STATEMENT OF NET POSITION JUNE 30, 2024 AND 2023 ASSETS 2024 2023 Current Assets Cash in bank - Note 2 $ 567,187 $ 425,899 Accounts receivable 183,891 168,083 Grants receivable 322,175 Interest receivable 1,888 2,040 Insurance receivable - 81,557 Investments - Note 2 119,739 259,831 Prepaid expenses 1,818 3,632 Total Current Assets 1,196,698 941,042 Capital Assets - Note 3 2,888,675 3,103,066 Total Assets $ 4.085.373 $ 4.044,108 The accompanying notes are an integral part of these statements 5 REDWOOD VALLEY COUNTY WATER DISTRICT STATEMENT OF NET POSITION JUNE 30 2024 AND 2023 LIABILITIES Current Liabilities Accounts payable Refundable customer deposits Compensated absences payable Current portion of long lerm debt Total Current Liabilities Long Term Liabilities Loan Payable - Note 4 Less: current portion shown above Total Long Term Liabilities Total Liabilities Net Position - Note 7 Net investment in capital assets Unrestricted (deficiency) Total Net Position 2024 2023 $ 161,297 $ 112,189 25,298 24,000 7,044 12,293 193,639 148,482 8,691,722 8,691,722 8,691,722 8,691,722 8,885,361 8,840,204 2,888,675 3,103,066 {7,688,663) _ (7,899,162) $ (4,799,988) (4 796,096) The accompanying notes are an integral part of these statements 6 REDWOOD VALLEY COUNTY WATER DISTRICT STATEMENT OF ACTIVITIES AND CHANGES IN NET POSITION FOR THE YEARS ENDED JUNE 30 2024 AND 2023 2024 2023 Operating Revenues Water sales Domestic $ 791,604 $ 674,236 Irrigation 113,013 59,072 Meter fees Domestic 348,762 348,917 hrrigation 237,342 237,245 Other operating income 50,916 41,099 Total Operating Revenue 1,541,637 1,360,569 Operating Expenses Source of supply 193,533 222,244 Pumping 334,741 246,004 Water treatment 245,261 146,326 Transmission and distribution 320,144 '00,744 Customer accounts 52,580 32,843 Administration and general 181,476 293,246 Depreciation 352,173 347,479 Total Operating Expenses 1,679,908 1,588,886 Operating Income (Loss) (138,271) (228,317) Non -Operating Revenues (Expenses) Property taxes 35,846 33,453 Interest income 10,018 6,653 Other income 27,084 Grant income 342,502 Grant expense (194,362) Interest expense - (65) Potter Valley project (55,000) - Consolidation expense (31,709) (22,400) Total Non -Operating Revenues (Expenses) 134,379 17,641 Net Income (3,892) (210,676) Net Assets Beginning of Year (Deficiency) (4,796,096} (4,585,420) Net Assets Ending of Year (Deficienc)) (4 799.988) S (4,796.0961 The accompanying notes are an integral part of these statements 7 REDWOOD VALLEY COUNTY WATER DISTRICT STATEMENT OF CASH FLOWS FOR THE YEARS ENDED JUNE 30.2024 AND 2023 2024 2023 Cash Flows From Operating Activities Cash received from customers $ 1,526,777 $ 1,306,363 Payments to suppliers for goods and services (1,208,705) (1,151,940) Payments to employees and related items (113,901) (65,686) Net Cash Provided(Used) by Operating Activities 204,171 88,737 Cash Flows From Non -Capital Financing Activities Property taxes and other nonoperating income 34,898 32,943 Increase in customer deposits 1,298 (1,024) Grant income 20,327 Grant expense (153,818) Other expenses (86,709) (22,400) Reimbursable revivable 108,641 (74,256) Voiding of old checks from prior years - 12,043 Net Cash Provided (Used) From Non -Capital Financing Activities (75,363) (52,694) Cash Flows From Capital Financing Activities Payments for property and equipment (137,782) (129,636) Principal payments - (2,677) Interest payments - (65) Net Cash Provided (Used) From Capital Financing Activities (137,782) (132,378) Cash Flows From Investing Activities Interest received 10,170 5,091 Net Cash Provided (Used) From Investing Activities 10,170 _ 5,091 Net Increase (Decrease) in Cash and Cash Equivalents 1,196 (91,244) Cash - Beginning of Year 685,730 776,974 Cash - Ending of Year--686.926—�t�� Z�Q Interest Paid $ - $ 65 The accompanying notes are an integral part of these statements 8 REDWOOD VALLEY COUNTY WATER DISTRICT STATEMENT OF CASH FLOWS FOR THE YEARS ENDED JUNE 30 2024 AND 2023 Reconciliation of Operating Income to Net Cash Provided by perating Activities Operating income (loss) Adjustments to reconcile operating income to net cash from operating activities: Depreciation (Increase) decrease in current assets: Accounts receivable Prepaid expenses Increase (decrease) in current liabilities Accounts payable Compensated absences Net Cash Provided by Operating Activities 2024 2023 $ (138,271) $ (228,317) 352,173 347,479 (14,860) (54,206) 1,814 440 8,564 22,717 (5,249) 624 $ 204,171 $ 88,737 The accompanying notes are an integral part of these statements 9 REDWOOD VALLEY COUNTY WATER DISTRICT NOTES TO THE FINANCIAL STATEMENTS JUNE 30 2024 AND 2023 Note 1 - Summary of Significant Accounting, Policies Reporting Enti1y The District was formed on January 16, 1964 under the provisions of the Water Code for the State of California. The Mendocino County Board of Supervisors approved the formation in Resolution 63-367 on January 14, 1964. The District operates under a board of directors' form of government and is considered an independent local government unit. Members of the Board of Directors are elected officials. The District provides water services to residents and irrigation and frost protection water of which most aof whom grow wine grapes within the District boundaries. The District's financial statements include the accounts of all District operations. Accounting? Policies The District's accounting and reporting policies conform to the generally accepted accounting principles accepted in the United States of America (GAAP) as applicable to proprietary funds of government agencies. The following is a summary of the more significant policies: Basis of Presentation The statement of Net Position and Statement of Activities display information about the reporting District as a whole. The District is comprised of only one fund, the Enterprise Fund. Enterprise fiends are accounted for using the economic resources measurement focus and the accrual basis of accounting. The accounting objectives are determinations of net income, financial position and cash flows. All assets and liabilities are included on the Statement of Net Position. Basis of Accounting The District Statement of Net Position and Statement of Activities are presented using the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred or economic asset is used. Revenues, expenses, gains, losses, asset and liabilities resulting from an exchange are recognized when the exchange 10 takes place. When an expense is incurred for the purpose for which both restricted and unrestricted net position are available, the District's policy is to apply restricted net position first. Budget The annual budget is prepared in accordance with the basis of accounting utilized by the District. The budget is amended from time -to -time as the need arises and is approved by the Board of Directors. The budget is not legally required and therefore budget to actual information has not been presented. Cash and Cash Equivalents For purposes of the Statement of Cash Flows, the District considers both operating and restricted cash balances purchased with maturities of less than ninety days to be cash and cash equivalents. In accordance with the Governmental Accounting Standards Board (GASB) Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Investment Pools, investments are stated.at fair value, based on quoted market values. Deposits and Investments It is the District's policy for deposits and investments to either be insured by the FDIC or collateralized. The District's deposits and investments are categorized to give an indication of the level of risk assumed by the District as of June 30, 2024 and 2023. The categories are described as follows: Category 1 Insured, registered or collateralized, with securities held by the entity or its agent in the entity's name. Category 2 Uninsured and unregistered or collateralized, with securities held by the counter party's trust department or agent in the entity's name. Category 3 Uninsured and unregistered, or uneollateralized, with securities held by the counter party, or its trust department or agent but not held in the entity's name. Deposits and investments as of June 30, 2024 and 2023 consisted of Category 1 type only. Accounts Receivables Accounts receivable represent amounts owed the District by its customers. The I District has adopted stringent collection and water shut-off policies which minimize uncollectible accounts. No allowance for doubtful accounts is made because management believes almost all accounts are collectible and any allowance would be immaterial for financial statement presentation. Accounts deemed uncolleetible are expensed when recognized and assigned to a collection agency for potential recovery. Investment Policy It is the policy of the District to invest funds in a manner that will provide the highest return with maximum security while still meeting the daily cash flow demands of the District. All investments must conform to the requirements of California Government Code Sections 5921 and 53601. All investments are in the form of Inactive Public Deposits or Certificates of Deposit and the balances indicated on the balance sheet as investments, restricted and unrestricted, approximate market value. Investments Surplus funds are invested by the District in a pooled money investment account held with the State of California in the Local Agency Investment Fund (LAIF). The funds held at LAIF are invested in accordance with Government Code Section 16430 and 16480. The LAIF account is internally allocated between restricted funds and funds reserved by the District for special purposes and general operations. Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Risk Management The District is exposed to various risks of loss related to torts, theft to, damage to, and destruction of assets, errors and omissions, injuries to employees, and natural disasters. The District carries insurance for all risks. Settled claims resulting from these risks have not exceeded insurance coverage in the past three years. Capital Assets Capital assets are valued at historical cost or at an estimate of their historical cost, if actual historical cost is not available. Donated assets are valued to their estimated fain- value on the date donated. Assets with a value of $1,000 or less are 12 expensed in the year acquired. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. Improvements are capitalized and depreciated over the remaining useful lives of the related fixed assets, as applicable. Depreciation of all exhaustible fixed assets used by Proprietary Funds is charged as an expense against their operations. Accumulated depreciation is reported on Proprietary Fund balance sheets. Depreciation has been provided over the estimated useful lives using the straight line method. The estimated useful lives are as follows: Building and improvements 20-50 years Pumping, treatment & transmission 10-50 years General plant assets 5-30 years Property Taxes The District receives properly taxes from Mendocino County. Property taxes become a lien on the first day of the year they are levied. They become delinquent on December 10 and April 1 , respectively. Unsecured property taxes are levied on July 1, and become delinquent on August 31. The District elected to receive property taxes from the County under the "Teeter Bill Program", under this program, the District receives 100% of the levied taxes in periodic payments with the County assuming responsibility for delinquencies. Compensated Absences Vested or accumulated vacation and sick leave (vested at 50%) that is expected to be liquidated with expendable available financial resources is reported as an expense and as a current liability. Proprietary Fund Financial Statements The District has a sole fund which is considered a proprietary fund. Proprietary Fund Financial Statements include a Statement of Net Position, A Statement of Activities and Changes in Net Position, and a Statement of Cash Flows for each proprietary fund. Proprietary funds are accounted for using the "economic resources" measurement focus and the accrual basis of accounting. Accordingly, all assets and liabilities (whether current or non -current) are included on the Statement of Net Position. The Statement of Activities and Changes in Net Position presents increases (revenues) and decreases (expenses) in total net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned 13 while expenses are recognized in the period in which the liability is incurred. In these funds, receivables have been recorded as revenue and provisions have been made for uncollectible amounts. Operating revenues in the proprietary fund are those revenues that are generated from the primary operations of the fund. All other revenues are reported as non - operating revenues. Operating expenses are those expenses that are essential to the primary operations of the fund. All other expenses are reported as non - operating expenses. Net Position Net Position are classified into three components: 1) invested in capital assets, 2) restricted for debt services, and 3) unrestricted. These classifications are defined as follows: Net invested in capital assets— This component of net position consists of capital assets, net of accumulated depreciation and reduced by outstanding debt related to financing the acquisition of capital assets. Restricted for debt service — This component of net position consists of cash and investments that are restricted for debt service pursuant to debt service covenants. Unrestricted net position — This component of net position consists of net position that does not meet the definitions of "restricted for debt service" or "invested in capital assets. Note 2 - Cash As of June 30, 2024 and 2023 cash consisted as follows: 2024 2023 Cash General operations $ 388,025 $ 246,814 Money market accounts 179,162 179,085 567,187 425,899 Investments LAIF $ 119,739 $ 259,831 Total Cash and Investments $ 686.926 685.730 As of June 30, 2024 and 2023, the District's deposits with financial institutions were $343,817 and 185,418 in excess of federal depositary insurance limits, respectively. The deposits approximate fair market value. 14 State law requires uninsured deposits of public agencies to be secured be certain state approved investment securities. The District's deposits are secured as part of an undivided collateral pool covering all public deposits with the financial institution. The market value of the pool must be equal to at least 110% of the total public deposits held by the financial institutions. The District participates in the Local Agency Investment Fund (LAIF), an investment pool managed by the State of California. The account is similar to a money market account. The funds deposited in LAIF are invested in accordance with Government Code Sections 16430 and 16480, the stated investment authority for the pooled money investment account. LAIF has stated that it has not invested in, nor will it invest in, derivative products as defined in general accounting definitions #1 and #2. LAIF issues a separate comprehensive annual financial report. Copies of LAIF's annual report may be obtained from the Local Agency Investment Fund, P.O. Box 942809, Sacramento, CA 94209-0001. The District's investments have a risk category of "uneategorized" which represents investments in pools where the District's investments are not evidenced by specific identifiable securities. Note 3 - Capital Assets The following is a summary of the changes in capital assets for the fiscal years: Balance Balance 7/1/23 Additions Retirements 6/30/24 Land $ 62,925 $ $ $ 62,925 Buildings 191,987 191,987 Pumping plant 2,317,464 2,317,464 Treatment plant 2,340,458 2,340,458 Transmission &distribution 10,481,402 129,020 10,610,422 Equipment 254,006 8,762 262,768 Construction in progress 0 0 0 Total cost 15,648,242 137,782 0 15,786,024 Less accumulated depreciation (12.545.176} 352.173 (12.897.349) Net Book Value $ 0 21i$8 62 Balance Balance 7/1/22 Additions Retirements 6/30/23 Land $ 62,925 $ $ $ 62,925 Buildings 191,987 191,987 Pumping plant 2,317,464 2,317,464 Treatment plant 2,233,491 106,967 2,340,458 Transmission Mistribution 10,458,733 22,669 10,481,402 Equipment 254,006 254,006 Construction in progress 0 0 0 Total cost 15,518,606 129,636 0 15,648,242 15 Less accumulated depreciation (12.197.697) 347.479 (12.545.176) Net Book Value ka.32 _ 21Z8 0 $ 3 103 066 Depreciation expense of $352,173 and $347,479 were recorded as operating expense for the years ended June 30, 2024 and 2023, respectively. Note 4 - Changes in Long Term Debt The following is a summary of long term debt for the year ended June 30, 2024: Due Within Type of Balance Balance One Debt 07/01/23 Additions Reductions 06/30/24 Year US Reclamation $7,255,000 $ 0 $ 0 $7,255,000 $ 0 Accrued interest (see note) 1,436,722 0 0 1,436,722 0 U.S. Bureau of Reclamation The district received a loan from the United States Bureau of Reclamation in the original amount of $7,313,000. The loan was to be repaid by the district in 35 annual payment beginning on January 1, 1983. Following the original principal payment of $58,000, the District postponed further payments on the loan. In June 2008, the district paid $360,000 for the successful completion of a consulting services agreement towards loan postponement legislation. That legislation allows the district to enter into such additional non-federal obligations as are necessary to finance procurement of dedicated water rights and improvements necessary to store and convey those rights to provide for the District's water needs. Per the legislation, the Secretary of the Interior shall reschedule the payments due under the loan, and said payments shall commence when such additional obligations have been financially satisfied by the Distict. The date of the initial payment owed by the District to the United States upon the rescheduling shall be regarded as the start of the District's repayment period and the time upon which any interest shall first be computed and assessed. 16 Amounts presented as accrued interest of $ 1,436,722 includes interest and penalties that had been accrued through June 30, 1988. These amounts are unchanged from the amounts presented in the June 30, 1988 audited financial statements. Due to the uncertainty of the financial resolution of this accrued interest, these amounts have been adjusted from current liabilities to long term liabilities. Future loan service requirements are as follows: Year Ending Principal Interest Undetermined 8,691,722 0 Totals 8,694 79_2 $_O Interest expense of $ 0 and $ 65 was incurred and recorded as a non -operating expense for the year ended June 30, 2024 and 2023, respectively.. Note 5 - Water Supply The District is currently under a court order moratorium for domestic connections and a Board initiated moratorium for irrigation connections. The domestic moratorium is a result of a lack of a firm water right. The irrigation moratorium, in addition to the lack of water rights, is the result of irrigation water distribution deficiencies. The district diverts water from Lake Mendocino under permit 17593 from November through the end of March when permit conditions of water storage and river flows are met. When conditions are not met and outside of the season of diversion, the District relies primarily on surplus water available under the terms of the Stipulated Judgement with the Mendocino County Russian River Flood Control and Water Improvement District(Flood Control). Upon notification by Flood Control that no water supply is available, the District has in the past purchased surplus water from the Sonoma County Water District(SCWA). That contract with SCWA expired in 2011 and has not been renewed by SCWA. During late 2014, the District constructed an intertie pump station to receive addition water from Millview County Water District, wheeled through Calpella County Water District. Since 2015 the District has received the majority of its domestic water through the intertie. Any Water available fiom Flood Control has been delivered, untreated to irrigation customers. The District operates the treatment plant to produce drinking water when demand exceeds the capacity of the intertie 17 Note 6 - Note 7 - Note 8 - Defined Compensation Plan The District offers its employees a deferred compensation plan under the provisions of the Internal Revenue Code section 457. Under this plan, employees may elect to defer a portion of their salaries and any related income taxes until the funds are withdrawn. After five years of employment, the District matches the employee's contribution to the plait. Funds may be withdrawn only upon termination, retirement, death or unforeseeable emergency. The District's share of the expense for fiscal year ended June 30, 2024 and 2023 were $7,800 and $7,800, respectively.. Net Position (Deficiency) 2024 2023 Net investment of capital assets $ 2,888,675 $ 3,103,066 Unrestricted Board designated sinking fund 22,336 222336 Undesignated (7,710,999) (7,921,498) $14,799_988 $f4,799 0 61 Joint Powers Agreement The District participates in a joint venture under a joint power agreement (JPA) with the Association of California Water Agencies/Joint Powers Insurance Authority (ACWA/JPIA) for insurance purposes. ACWA/JPIA is a joint powers agency formed pursuant to Section 6500 et. Seq., California Government Code, is comprised of California special districts, and agencies including such districts. The relationship between the District and JPA is such that the JPA is not a component unit of the District for financial reporting purposes. Separate financial statements of the JPA can be obtained by writing to them directly at ACWA Joint Powers Insurance Authority, 5620 Birdcage Street, Suite 200, Citrus Heights, CA 95610-7632. ACWA/JPIA's purpose is to jointly fluid and develop programs to provide comprehensive and economical risk financing for water districts. These programs are provided through collective self-insurance; the purchase of insurance coverage's; or a combination thereof. During the year the District joined and will participate in the fixture in a joint venture under a joint powers (JPA) with the Upper Russian River Water Agency (URRWA) in order to provide more effective and economical services to their customers and to respond in union to water issues in the Upper Russian River Watershed. URRWA is a joint powers agency formed pursuant to Section 6500 et. Seq., California Government Code, is comprised presently of four California special districts. The relationship between the District and JPA is such that the JPA is not a component unit of the District for financial reporting purposes. 18 Additional information can be obtained by writing to them directly at URRWA, 151 Laws Avenue, Ukiah CA 95482. Note 9 - Master Service Agreement The District no longer maintains a distinctly separate work force. As part of a long term plan leading toward political consolidation with Millview CWD, Calpella CWD and Willow CWD, the District entered into a "Master Service Agreement" with Willow CWD in October 2015 to provide and supervise field and office staffing. Note 10 - Subsequent Events Subsequent events are those events or transactions that occur subsequent to the effective date of the financial statements, but prior to the issuance of the final reports, which may have a material effect on the financial statement or disclosures therein. The District has recently joined the newly formed Ukiah Valley Water Authority (UVWA) along with the City of Ukiah, Millview County Water District and Willow County Water District. The UVWA was created to share resources amongst the other agencies and to solidify water security in the Greater Ukiah Valley. . 19 AW FENCING Agricultural ® Commercial a Residential State & Federal License # 585041 Contact: City Of Ukiah David Kirch 300 Seminary Ave Ukiah, CA 95482 (707) 272-2832 dkirch@cityofukiah.com Job Location: David 2370 Webb Ranch Rd Redwood Valley, CA 95470 Contract Arrow Fence P.O. Box 385 Calpella, CA 95418 +17074851128 State Lic. #585041 www.arrowfencingca.com chris@arrowfencingca.com Estimate Info: Date: 01 /13/2025 Estimate: test water ukiah (water plant) Rep: Joe Avila Job #64 Install 240 feet of 72" 11 GA GBW (2" Mesh) KK CHAIN -LINK FABRIC, 20 Sections. 1 Single Gate, 1 Double Gate, 5 Terminal Posts, 15 Line Posts, 4 Gate Posts. Vac holes by others 00 2 10 50Op 20� Terms & Conditions By signing this contract, you agree to the Terms & Conditions on the following pages. Tax Total $458.18 Grand Total $12,261.37 Amount Due $12,261.37 I understand and agree with the enclosed contract. Customer Name Date Company Name Date Powered By ���� FENCE Page 1 I n® -n cr Pz '10 -0 21, A j o54 s �, Z 5- 2 ;; - 9 .. S' .0 CL }2 m T). m = CD iw - .0 a Pq lu R z in EF M 0 \_ � 7 k ` k � f � � � \ § § � J co 'o m 0 Q q / m 0 I -4 + cr -0 300 -MU 10 O5 C 2F. CL 0 r M z z 0) 0 § to t rJ z z mrn OK co C/3 m