The Imperial Irrigation District’s water department has done a good job of holding down operation and maintenance expenses, said the district’s Chief Financial Officer Greg Broeking.
Broeking presented a brief overview of the water department’s 2013 budget Wednesday at the Water Conservation Advisory Board’s monthly meeting.
With the exception of pension bonds, the district has paid off all long-term debt. However, total water and Operation and Maintenance expenses are budgeted to increase by a little over 10 percent from about $129.5 million to $143.2 million due to special projects such as the transfer of water, fallowing and the repayment of 2011’s overrun.
The department’s capital budget, which covers expenditures such as drain structures and the lining of the All-American Canal, will see a 6.91 percent increase for 2013, from about $35.47 million to $37.92 million.
Water transfer expenses of about $56.749 million are expected to be offset by water transfer revenues of $76.786 million
Total water department revenues are expected to increase by about 10 percent, from $146.995 million to $161.933 million. Total revenues — including interest — of $162.833 less $142.089 in expenses — including interest — should leave the district with $20.744 million for capital projects.
Staff Writer Antoine Abou-Diwan can be reached at 760-337-3454 or firstname.lastname@example.org
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