2018 Budget Plan [PDF]
The 2018 budget plan was approved by the Imperial Irrigation District Board of Directors on December 18, 2017. Included in this document are the approved 2018 budget for all district operating departments, the capital improvement plan, staffing and debt-service obligations.
Reflected in the Energy Department budget are total revenue and funding estimated at $611 million, an increase of 15 percent from the 2017 adjusted budget, which is due primarily to an increase in bond proceeds for capital borrowing. Total expenditures are planned at $606 million, which is 15 percent higher than the previous year's budget and attributable to an increased capital plan.
In the Water Department, total revenue and funding are estimated at $278 million in 2018, which is in-line with the 2017 adjusted budget. Total expenditures are planned at $275 million and are also in-line with the previous year's budget.
The approved budget plan includes the financing of major operational and support services, capital projects and vehicle purchases.
Prospects for the Future
The 2018 budget plan demonstrates a long-term strategic objective of the district to control spending and exercise fiscal discipline throughout the organization. There are, however, a number of uncertainties facing IID in the next several years:
- Protection of water rights.
- Conversion from fallowing to efficiency-based conservation measures to create water for transfer in support of the Quantification Settlement Agreement and related agreements.
- The state's implementation of a restoration plan at the Salton Sea.
- Safe Drinking Water Act and Total Maximum Daily Load program compliance.
- Protection of the energy balancing authority area.
- Emerging and changing state and federal mandates impacting renewable portfolio standards and emission reduction targets, including increased solar rooftop requirements.
- Significant high-voltage electric transmission developments to augment the export of locally produced renewable resources from the Imperial Valley to urban load centers in California and throughout the West.
- FERC-approved NERC and WECC regulatory and reliability compliance requirements.
- Energy and Water departments' regulatory compliance requirements.