Transparency & accountability
OCWD is committed to sound financial management. That means keeping costs down and minimizing groundwater rate increases. Transparency and accountability are imperative to achieving these goals.
Fitch Ratings recognizes OCWD’s commitment and has assigned it a “AAA” rating for five consecutive years. In addition to Fitch, OCWD has ratings of AAA from Standard & Poor’s, an Aa1 from Moody’s, and has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association. Its high financial ratings allows OCWD lower financial costs and greater financial flexibility.
OCWD encourages the public and its stakeholders to be engaged and well informed about the District’s management practices. Most frequently requested OCWD financial and legal documents are readily available below. If you can’t find what you are looking for, please submit a public records request below and staff will respond to your inquiry in a timely manner.
- Annual budget reports
- Comprehensive Annual Financial Reports (CAFR)
- Audits (an independent audit report is contained in the CAFR)
- Annual Rate Assessment (RA) and Basin Pumping Percentage (BPP)
- Statement of revenues and expenses