2021 Special Districts Financial Transactions Report-SDWD1/12/22, 10:43 AM SPD PrintAll 2021 San Dieguito Water District - LGRS Online
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Special District of San Dieguito Water District
Special Districts' Financial Transactions Report
General Information
Reporting Year: 2021
District Mailing Address
Street 1 505 South Vulcan Avenue Has Address Changed?
Street 2
City Encinitas State CA Zip 92024
Email wateradmin@sdwd.org
Members of the Governing Body
First Name M. I.Last Name Title
Member 1 Catherine S Blakespear Mayor
Member 2 Tony Kranz Deputy Mayor
Member 3 Joy Lyndes Council Member
Member 4 Kellie Hinze Council Member
Member 5 Joe Mosca Council Member
Member
District Fiscal Officers
First Name M. I.Last Name Title Email
Official 1 Pamela Antil City Manager pantil@encinitasca.gov
Official 2 Teresa S McBroome Director of Finance/City Treasurer tmcbroome@encinitasca.gov
Officials
Report Prepared By
First Name Joseph M. I.P Last Name Stimac
Telephone (530) 979-1648 Email jstimac@thales-consulting.com
Independent Auditor
Firm Name Davis Farr LLP
First Name Jennifer M. I.Last Name Farr
Telephone (949) 474-2020
1. Is this district a component unit of a City, County, or Special District (Choose one)? If “Yes”, answer question 2.Yes No
2. Is this district a blended component unit (BCU) or a discretely presented component unit (DPCU) of a City, County, or Special District (Choose one)?
Refer to the Financial Transactions Report (FTR) instructions for definitions of these terms. If the district is a BCU, answer questions 3 - 5.
BCU DPCU
3. Is financial data of this BCU included in the financial statements or Annual Comprehensive Financial Report (ACFR) of a City, County, or Special District
(Choose one)?
City County Special District
4. In which City, County, or Special District financial statements or ACFR is the financial data of this BCU included?
City name:Encinitas
County name:
Special District name:
5. Is financial data of this BCU included in the City, County, or Special District FTR (Choose one)?Yes No
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Special District of San Dieguito Water District
Special Districts' Financial Transactions Report
Water Enterprise Fund
Statement of Revenues, Expenses, and Change in Fund Net Position
Reporting Year: 2021
Operating Revenues
Water Sales Revenues
Retail Water Sales
R01.Residential
R02.Business
R03.Industrial
R04.Irrigation
R09.Sales to Other Utilities for Resale
R10.Interdepartmental
R11.Other Water Sales Revenues
Water Services Revenues
R12.Fire Prevention
R13.Groundwater Replenishment
R14.Connection Fees
R15.Standby and Availability Charges
R16.Service-Type Assessments
R17.Other Water Services Revenues
R18.Other Operating Revenues
R19.Total Operating Revenues $19,079,758
Operating Expenses
Water Supply Expenses
R20.Water Supply
R21.Water Purchases
R22.Groundwater Replenishment
R23.Other Water Supply Expenses
R24.Pumping
R25.Treatment
R26.Transmission and Distribution
R28.Customer Accounting and Collection
R29.Sales Promotion
R30.Personnel Services
R31.Contractual Services
R32.Materials and Supplies
R33.General and Administrative Expenses
R34.Depreciation and Amortization Expenses
R35.Other Operating Expenses
R36.Total Operating Expenses $17,313,722
R37.Operating Income (Loss)$1,766,036
Nonoperating Revenues
R38.Investment Earnings
R39.Rents, Leases, and Franchises
Taxes and Assessments
SD40.Current Secured and Unsecured (1%)
SD41.Voter-Approved Taxes
SD42.Pass-through Property Taxes (ABX1 26)
10,243,275
6,088,907
1,847,579
72,350
104,719
346,040
376,888
6,557,383
2,886,039
7,043,472
757,346
69,482
35,766
123,368
1,220,758
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SD43.Property Assessments
SD44.Special Assessments
SD45.Special Taxes
SD46.Prior-Year Taxes and Assessments
SD47.Penalties and Cost of Delinquent Taxes and Assessments
Intergovernmental – Federal
R48.Aid for Construction
R49.Other Intergovernmental – Federal
Intergovernmental – State
R50.Aid for Construction
SD51.Homeowners Property Tax Relief
SD52.Timber Yield
R53.In-Lieu Taxes
R54.Other Intergovernmental – State
R55.Intergovernmental – County
R56.Intergovernmental – Other
R57.Gain on Disposal of Capital Assets
R58.Other Nonoperating Revenues
R59.Total Nonoperating Revenues $3,134,301
Nonoperating Expenses
R60.Interest Expense
R61.Loss on Disposal of Capital Assets
R62.Other Nonoperating Expenses
R63.Total Nonoperating Expenses $198,800
R64.Income (Loss) Before Capital Contributions, Transfers, and Special $4,701,537
and Extraordinary Items
Capital Contributions
R65.Federal
R66.State
R67.Connection Fees (Capital)
R68.County
R69.Other Government
R70.Other Capital Contributions
R71.Total Capital Contributions $388,600
R72.Transfers In
R73.Transfers Out
Special and Extraordinary Items
R73.5 Special Item
R73.6 Extraordinary Item
R73.7 Total Special and Extraordinary Items $0
R74.Change in Net Position $5,090,137
R75.Net Position (Deficit), Beginning of Fiscal Year $53,200,141
R76.Adjustment
R77.Reason for Adjustment
R78.Net Position (Deficit), End of Fiscal Year $58,290,278
Net Position (Deficit)
R79.Net Investment in Capital Assets
R80.Restricted
6,863
1,747,546
198,800
184,800
203,800
17,362,489
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R81.Unrestricted
R82.Total Net Position (Deficit)$58,290,278
40,927,789
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Special District of San Dieguito Water District
Special Districts' Financial Transactions Report
Long-Term Debt
Bonds and COPs
Go to Report: Detail Summary of Long-Term Debt
Reporting Year: 2021
SD01.Districtwide or Improvement District/Zone Districtwide
SD02.Improvement District/Zone (if applicable)
R03.Purpose of Debt (1 of 2) (Record Completed)Construction
R04.Nature of Revenue Pledged Net Revenue
R05.Percent of Pledge
R06.Debt Type Revenue Bonds
R07.Fund Type Enterprise
SD08.Activity Water Enterprise
R09.Year of Issue
R10.Beginning Maturity Year
R11.Ending Maturity Year
R12.Principal Authorized
R13.Principal Issued to Date
R14.Principal Unspent
R15.Principal Payable, Beginning of Fiscal Year $3,137,486
R16.Adjustment to Principal in Current Fiscal Year
R17.Reason for Adjustment to Principal in Current Fiscal Year PY Rounding
R18.Principal Issued in Current Fiscal Year
R18.5 Bond Discount/Premium at Issuance in Current Fiscal Year
R19.Principal Paid in Current Fiscal Year
R19.5 Bond Discount/Premium Amortized in Current Fiscal Year
R20.Principal Defeased in Current Fiscal Year
R21.Principal Payable, End of Fiscal Year $2,398,115
R22.Principal Payable, Current Portion
R23.Principal Payable, Noncurrent Portion $1,703,115
R24.Interest Paid in Current Fiscal Year
R25.Principal Delinquent, End of Fiscal Year
R26.Interest Delinquent, End of Fiscal Year
R27.Amount Held in Reserve
Note:
(R17) Reason for Adjustment to Principal in Current Fiscal Year: PY Rounding
100%
2014
2016
2024
5,870,000
5,870,000
1
665,000
74,372
695,000
100,300
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Special District of San Dieguito Water District
Special Districts' Financial Transactions Report
Long-Term Debt
Bonds and COPs
Go to Report: Detail Summary of Long-Term Debt
Reporting Year: 2021
SD01.Districtwide or Improvement District/Zone Districtwide
SD02.Improvement District/Zone (if applicable)
R03.Purpose of Debt (2 of 2) (Record Completed)Filtration Plant Expansion
R04.Nature of Revenue Pledged Net Revenue
R05.Percent of Pledge
R06.Debt Type Revenue Bonds
R07.Fund Type Enterprise
SD08.Activity Water Enterprise
R09.Year of Issue
R10.Beginning Maturity Year
R11.Ending Maturity Year
R12.Principal Authorized
R13.Principal Issued to Date
R14.Principal Unspent
R15.Principal Payable, Beginning of Fiscal Year $2,855,000
R16.Adjustment to Principal in Current Fiscal Year
R17.Reason for Adjustment to Principal in Current Fiscal Year
R18.Principal Issued in Current Fiscal Year
R18.5 Bond Discount/Premium at Issuance in Current Fiscal Year
R19.Principal Paid in Current Fiscal Year
R19.5 Bond Discount/Premium Amortized in Current Fiscal Year
R20.Principal Defeased in Current Fiscal Year
R21.Principal Payable, End of Fiscal Year $2,330,000
R22.Principal Payable, Current Portion
R23.Principal Payable, Noncurrent Portion $1,785,000
R24.Interest Paid in Current Fiscal Year
R25.Principal Delinquent, End of Fiscal Year
R26.Interest Delinquent, End of Fiscal Year
R27.Amount Held in Reserve
100%
2007
2008
2024
7,705,000
7,705,000
525,000
545,000
111,465
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Special District of San Dieguito Water District
Special Districts' Financial Transactions Report
Detail Summary of Long-Term Debt
Back to Form: Long-Term Debt
Reporting Year: 2021
Year of
Issue
Principal
Payable,
Beginning of
Fiscal Year
Principal
Issued in
Current
Fiscal Year
Principal
Paid in
Current
Fiscal Year
Principal
Payable, End of
Fiscal Year
Principal
Payable,
Current Portion
Principal Payable,
Noncurrent
Portion
Interest Paid
in Current
Fiscal Year
Enterprise
Revenue Bonds
Construction 2014 3,137,486 0 665,000 2,398,115 695,000 1,703,115 100,300
Filtration Plant Expansion 2007 2,855,000 0 525,000 2,330,000 545,000 1,785,000 111,465
Total Enterprise Debt:$5,992,486 $0 $1,190,000 $4,728,115 $1,240,000 $3,488,115 $211,765
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Special District of San Dieguito Water District
Special Districts' Financial Transactions Report
Debt Service Reconciliation Report
Reporting Year: 2021
Governmental Funds Internal Service Fund Enterprise Funds
Debt Payments from Debt Forms
R01.Long-Term Debt 211,765
R02.Other Long-Term Debt
R03.Construction Financing
R04.Lease Obligations
R05.Total Debt Payments from Debt Forms $0 $0 $211,765
R06.Debt Service 198,800
R07.Difference $0 $0 $12,965
R08.Reason for Difference Accrued interest
Note:
(R08) Ent-Reason for Difference: Accrued interest
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Special District of San Dieguito Water District
Special Districts' Financial Transactions Report
Statement of Net Position
Proprietary Funds
Reporting Year: 2021
Enterprise Internal Service
Assets
Current Assets
Cash and Investments
R01.Unrestricted
R02.Restricted
R03.Accounts Receivable (net)
R04.Taxes Receivable
R05.Interest Receivable (net)
R06.Due from Other Funds
R07.Due from Other Governments
R08.Inventories
R09.Prepaid Items
R10.Other Current Assets 1
R11.Other Current Assets 2
R12.Total Current Assets $24,893,541 $0
Noncurrent Assets
R13.Cash and Investments, Restricted
R14.Investments
R15.Loans, Notes, and Contracts Receivable
Capital Assets
R16.Land
R17.Buildings and Improvements
R18.Equipment
R18.5 Infrastructure
R19.Intangible Assets – Amortizable
R20.Construction in Progress
R21.Intangible Assets – Nonamortizable
R22.Other Capital Assets
R23.Less: Accumulated Depreciation/Amortization
R23.5 Net Pension Asset
R23.6 Net OPEB Asset
R24.Other Noncurrent Assets 1
R25.Other Noncurrent Assets 2
R26.Total Noncurrent Assets $47,466,093 $0
R27.Total Assets $72,359,634 $0
Deferred Outflows of Resources
R28.Related to Pensions
R28.5 Related to OPEB
R28.6 Related to Debt Refunding
R29.Other Deferred Outflows of Resources
R30.Total Deferred Outflows of Resources $1,875,148 $0
R31.Total Assets and Deferred Outflows of Resources $74,234,782 $0
Liabilities
21,632,360
2,946,462
55,159
259,560
25,375,489
3,450,544
11,007
45,307,758
-26,678,705
1,815,089
60,059
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Current Liabilities
R32.Accounts Payable
R33.Contracts and Retainage Payable
R34.Interest Payable
R35.Due to Other Funds
R36.Due to Other Governments
R37.Deposits and Advances
R38.Accrued Compensated Absences
R39.Long-Term Debt, Due Within One Year 1,240,000 0
R40.Other Long-Term Liabilities, Due Within One Year
R41.Other Current Liabilities 1
R42.Other Current Liabilities 2
R43.Total Current Liabilities $4,274,263 $0
Noncurrent Liabilities
R44.Deposits and Advances, Net of Current Portion
R45.Compensated Absences, Net of Current Portion
R46.General Obligation Bonds
R47.Revenue Bonds 3,488,115
R48.Certificates of Participation
R49.Other Bonds
R50.Loans (Other Long-Term Debt)
R51.Notes (Other Long-Term Debt)
R52.Other (Other Long-Term Debt)
R53.Construction Financing – Federal
R54.Construction Financing – State
R55.Lease Principal
R56.Net Pension Liability
R57.Net OPEB Liability
R58.Other Noncurrent Liabilities 1
R59.Other Noncurrent Liabilities 2
R60.Total Noncurrent Liabilities $10,891,789 $0
R61.Total Liabilities $15,166,052 $0
Deferred Inflows of Resources
R62.Related to Pensions
R62.5 Related to OPEB
R62.6 Related to Debt Refunding
R63.Other Deferred Inflows of Resources
R64.Total Deferred Inflows of Resources $778,452 $0
R65.Total Liabilities and Deferred Inflows of Resources $15,944,504 $0
R66.Total Net Position (Deficit)$58,290,278 $0
Net Position (Deficit)
R67.Net Investment in Capital Assets 17,362,489
R68.Restricted
R69.Unrestricted 40,927,789
R70.Total Net Position (Deficit)$58,290,278 $0
R71.Total Liabilities, Deferred Inflows of Resources, and Net Position (Deficit)$74,234,782 $0
2,368,148
51,103
519,476
95,536
96,736
7,093,742
213,196
744,071
34,381
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Special District of San Dieguito Water District
Special Districts' Financial Transactions Report
Appropriations Limit Information
Reporting Year: 2021
R01.Appropriations Limit
R02.Total Annual Appropriations Subject to the Limit
R03.Revenues Received (Over) Under Appropriations Limit
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Special District of San Dieguito Water District
Special Districts' Financial Transactions Report
Summary
Reporting Year: 2021
Governmental Funds Internal Service Fund Enterprise Fund Total
Governmental Revenues
R01.General
R02.Special Revenue
R03.Debt Service
R04.Capital Projects
R05.Permanent
R06.Transportation
R07.Total Governmental Revenues $0
Internal Service Revenues
R08.Total Operating Revenues $0
R09.Total Non-Operating Revenues $0
R10.Total Internal Service Revenues $0
Enterprise Revenues
Operating Revenues
R11.Airport
R12.Electric
R13.Gas
R14.Harbor and Port
R15.Hospital
R16.Sewer
R17.Solid Waste
R18.Transit
R19.Water 19,079,758
R20.Other Enterprise
R21.Conduit
R22.Transportation
R23.Total Operating Revenues $19,079,758
Non-Operating Revenues
R24.Airport
R25.Electric
R26.Gas
R27.Harbor and Port
R28.Hospital
R29.Sewer
R30.Solid Waste
R31.Transit
R32.Water 3,134,301
R33.Other Enterprise
R34.Conduit
R35.Transportation
R36.Total Non-Operating Revenues $3,134,301
R36.5 Total Revenues $0 $0 $22,214,059 $22,214,059
Governmental Expenditures
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R37.General
R38.Special Revenue
R39.Debt Service
R40.Capital Projects
R41.Permanent
R42.Transportation
R43.Total Governmental Expenditures $0
Internal Service Expenses
R44.Total Operating Expenses $0
R45.Total Non-Operating Expenses $0
R46.Total Internal Service Expenses $0
Enterprise Expenses
Operating Expenses
R47.Airport
R48.Electric
R49.Gas
R50.Harbor and Port
R51.Hospital
R52.Sewer
R53.Solid Waste
R54.Transit
R55.Water 17,313,722
R56.Other Enterprise
R57.Conduit
R58.Transportation
R59.Total Operating Expenses $17,313,722
Non-Operating Expenses
R60.Airport
R61.Electric
R62.Gas
R63.Harbor and Port
R64.Hospital
R65.Sewer
R66.Solid Waste
R67.Transit
R68.Water 198,800
R69.Other Enterprise
R70.Conduit
R71.Transportation
R72.Total Non-Operating Expenses $198,800
R72.5 Total Expenditures/Expenses $0 $0 $17,512,522 $17,512,522
R73.Transfer In
R74.Transfer Out
R75.Change in Fund Balance/Net Position $0 $0 $5,090,137 $5,090,137
R76.Fund Balance/Net Position (Deficit), Beginning of Fiscal Year $0 $0 $53,200,141 $53,200,141
R77.Adjustments
R78.Fund Balance/Net Position (Deficit), End of Fiscal Year $0 $0 $58,290,278 $58,290,278
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Assets
R79.Total Current Assets 24,893,541 24,893,541
R80.Total Noncurrent Assets 47,466,093 47,466,093
R81.Total Assets $0 $0 $72,359,634 $72,359,634
Liabilities
R82.Total Current Liabilities 4,274,263 4,274,263
R83.Total Noncurrent Liabilities 10,891,789 10,891,789
R84.Total Liabilities $0 $0 $15,166,052 $15,166,052
R85.Total Fund Balance/Net Position (Deficit)$0 $0 $58,290,278 $58,290,278
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Total Footnote: 14
Special District of San Dieguito Water District
Special District Financial Transactions Report
Footnotes
Fiscal Year: 2021
FORM DESC FIELD NAME FOOTNOTES
WaterEnterpriseFund (R04)Irrigation Increase due to increased charges for services. These included potable meter service charges, recycled
water meter service charges, as well as pass through charges. The rate increase on June 1, 2020 also
had a positive impact on operating revenues.
WaterEnterpriseFund (R10)Interdepartmental Increase due to increased charges for services. These included potable meter service charges, recycled
water meter service charges, as well as pass through charges. The rate increase on June 1, 2020 also
had a positive impact on operating revenues.
WaterEnterpriseFund (R11)OtherWaterSalesRevenues Water sales-fire line, Water meter svc chgs-recycled
WaterEnterpriseFund (R18)OtherOperatingRevenues Admin-other charges, Engineering fees, Billing fees, Income from property, Interfund revenue, cost
recovery and other revenue
WaterEnterpriseFund (R25)Treatment Increase due to general and facility operations and maintenance expenses rising. Despite the increase,
most operating expense categories ended the year under budget which contributed to the higher ending
net position.
WaterEnterpriseFund (R35)OtherOperatingExpenses Insurance and claims
WaterEnterpriseFund (R58)OtherNonoperatingRevenues Amortization of bond premium, increase in investment in joint ventures
WaterEnterpriseFund (R60)InterestExpense Decrease due to a reduction in principal which in turn reduces interest.
WaterEnterpriseFund (R70)OtherCapitalContributions Donations
ProprietaryFunds (R14)Entpr-Investments Increase due to an increase in the Investment in Joint Ventures.
ProprietaryFunds (R20)Entpr-ConstructioninProgress Decrease due to certain reclassifications to prior year balances to conform to current year presentation.
ProprietaryFunds (R43)Entpr-TotalCurrentLiabilities Increase due to an increase in accounts payable.
AppropriationsLimitInformation (R01)AppropriationsLimit Not applicable
AppropriationsLimitInformation (R02)TotalAnnualAppropriationsSubjecttotheLimit Not applicable