2019 Budget Plan [PDF]The 2019 budget plan was approved by the Imperial Irrigation District Board of Directors on November 6, 2018. Included in this document are the approved 2019 budgets 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 $586 million, a decrease of 3 percent from the 2018 adjusted budget, due primarily to a reduction in bond proceeds for capital borrowing. Total expenditures are planned at $581 million, which is 3 percent lower than the previous year’s budget, and attributable to a decrease in the capital plan.
In the Water Department, total revenue and funding are estimated at $280 million in 2019, which is 1 percent higher than the 2018 adjusted budget due to additional revenues associated with a 35,000 AF ramp-up in the volume of water transferred to SDCWA and CVWD. Total spending is planned at $275 million, which is in line with the previous year’s budget.
FinancingThe approved budget plan includes the financing of major operational and support services capital projects and vehicle purchases.
Prospects for the FutureThe 2019 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 response to IID's 2014 petition seeking a credible and enforceable roadmap for California's implementation of its restoration responsibilities in support of a smaller but sustainable Salton Sea.
- Safe Drinking Water Act and Total Maximum Daily Load program compliance.
- Implementation of IID's water management policies and potential participation in a Colorado River Drought Contingency Plan as Lake Mead continues to decline to critical shortage trigger elevations.
- Emerging and changing state and federal mandates impacting renewable portfolio standards and emission reduction targets, including 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.
- Regulatory compliance requirements for the Energy and Water departments.