City Has Over a Year's Worth of Water Sales on Hand

In April 2018 City Council eliminated the twice a year requirement for a water rebate discussion requirement.  The rebate historically returned money to water users if the City had a significant enough fund balance.  City Manager Daniel Valenzuela informed Council the fund balance needed to be over 75 days of water revenue to consider a citizen rebate.  Accounting tricks did the rest in December 2017 to deny citizens a portion of excess fees paid.

As of September 2021 the City has 375 days of water revenue in fund balance.  That's nearly $31.4 million according to the City's Bluebook accounting document.  

Update 1-4-22:  The City provides $50,000 a year for low income water users who qualify.  That's one tenth of one percent of the city's annual water sales.