Attachment #3. Membership Dues

Transcription

1 Attachment #3 TO: Finance & Governance Committee FROM: Kimberly Yost, Accountant DATE: August 17, 2017 SUBJECT: 2 nd Quarter 2017 Financial Report Recommendation Accept the Financial Report for the quarter ending June 30. Discussion The 2nd quarter of 2017 closed with a positive increase to net assets of $55,049 and an overall positive year to date increase to net assets of $93,726. We predicted a budgeted deficit of $6,304. This results in a $100,030 positive variance from budget. Some areas of note include: Membership Dues Membership Dues Revenue Annual Budget $700,346 $841,030 Membership Dues Revenue 2nd Quarter Budget $350,737 $421,788 Membership Dues Revenue Recognized in 2nd Quarter *2017 is net of $40,337 uncollectable allowance **No allowance was posted in the 2nd quarter of 2016 *$365,247 **$434,408 Membership Dues Billed as of 2 nd Quarter $799,230 $812,329 Membership Dues to Bill in July $29,758 $55,739 Membership Dues Paid as of 2 nd Quarter $595,076 $730,318 Membership Dues Outstanding as of 2 nd Quarter (includes unbilled dues) $214,180 $136,657 Membership Dues Write Offs, Dropped Members $19,450 $46,642 The member dues revenue budgeted for 2017 was estimated to be approximately 85% ($700,346) of the total member dues collected in Given the uncertainty of expected collected dues each quarter an allowance will be estimated by reviewing outstanding dues invoices and determining the reasonableness of collections. As of the 2 nd quarter the year to date allowance is estimated to be $40,337. We will continue to assess dues payments and book future allowances as deemed necessary. In addition, using a practice introduced in 2015, dues have been recognized to spread the benefit of dues revenue evenly over the fiscal year by a deferral process. This process

2 Attachment #3 provides for a more meaningful comparison of matching revenues and expenses over the course of the year. Balance Sheet Cash increased significantly over the quarter by approximately $245,000, mostly due to the receipt of member dues payments. Member dues statements were mailed out the first week in March this year following the creation of the transitional message. The collection of dues also explains the significant decrease in accounts receivable. The SMART rebate liability increased mostly due to a deposit of $43,500 by Carpinteria Valley Water District. Cash Flow Statement The Cash Flow statement has been updated to the direct method of reporting. The report identifies inflows and outflows that will be more meaningful to the reader. In addition, the report includes a reconciliation of net income to net cash from operating activities that is identical to the indirect reporting method. The Cash Flow statement reports an increase in cash of approximately $245,000, mostly due to the collection of dues, the SMART rebate receipt mentioned above and Peer 2 Peer conference receipts. Statement of Activities, Budget to Actual The statement of activities report is formatted to provide actual data for each quarter and to compare year-to-date actual to budget. Revenues for the 2nd quarter are over budget by $26,594. CAWEPI revenue was not included in the budget as the contract was extended in the beginning of the year, after the budget was adopted. Contract revenue of $26,187 is related to the recent DWR DAC and CAWEPI program activities. The Peer 2 Peer conference grossed $23,926 in registration, sponsorship and exhibit booth revenue. The year to date variance in actual vs. budgeted increase to net assets of $100,030 is due to several factors, including dues collections greater than anticipated, the delay of work related to the organization restructure and various program activity being on hold. In addition, staff and related expenses are under budget.

3 California Water Efficiency Partnership Balance Sheet Current Year Current Year Prior Year 2nd Quarter 1st Quarter 4th Quarter 06/30/17 03/31/ /31/2016 Assets Current Assets General Operating Account $577,355 $332,916 $428,663 Operating Reserves 177, , ,504 Cash Reserved for Water Foundation Grant 222, ,370 0 Petty Cash Accounts Receivable 231, ,176 67,396 Allowance for Doubtful Accounts (43,337) (33,337) (3,000) Grant/ Contract Receivable 21,627 12,465 0 Inventory - Publications 2,731 3,912 4,674 Deposits and Prepaid Expenses 15,905 14,467 19,459 Total Current Assets 1,206,071 1,298, ,746 Property, Plant & Equipment Office Furniture & Equipment 67,537 67,537 67,537 Website / Database 171, , ,817 Accum Deprec - Office F & E (64,463) (64,004) (63,544) Accum Deprec - Website/Database (112,549) (105,390) (98,231) Total Property, Plant & Equipment 62,342 69,960 77,579 Total Assets $1,268,413 $1,368,667 $772,325 Liabilities and Net Assets Liabilities Accounts Payable $22,812 $20,334 $34,339 Accrued Vacation 7,115 7,239 6,810 Accrued Payroll & Payroll Tax Payable 2,351 2,180 5,716 Deferred Rent 7,360 8,407 9,453 SMART Rebate Deferred Revenue 118,396 81,977 76,467 Deferred Dues Revenue 377, ,313 0 Deferred Program Revenue 4,675 4,675 4,675 Total Liabilities 539, , ,460 Net Assets Unrestricted Net Assets 127, ,989 (13,809) Designated Net Assets (Reserves)* 177, , ,380 Designated Net Assets -Water Foundation Grant 222, , ,370 Designated Net Assets - Joint Project 60,000 60,000 60,000 Temporarily Restricted Net Assets 47,823 47,823 47,823 Current Year Change in Net Assets 93,726 38, ,101 Total Net Assets 728, , ,865 Total Liabilities and Net Assets $1,268,413 $1,368,667 $772,325 * Please note that Designated Net Assets (Reserves) differs from the actual Operating Reserve balance under Current Assets as it excludes unrealized gain/loss and accrued interest on the CD investments. Interest will be posted to Reserves when actually received. Unaudited Financial Statements for Management Purposes Only. No Assurance is Provided. Prepared by Kimberly Yost, 07/24/2017

4 CALIFORNIA WATER EFFICIENCY PARTNERSHIP CASH FLOW STATEMENT FOR THE PERIOD 01/01/ /30/2017 Cash Flows from Operating Activities: 2nd Quarter 1st Quarter 06/30/17 03/31/2017 Cash Inflows: Cash received from members for dues $366,045 $229,030 Cash received from DWR and other contracts 9,510 51,218 Cash received from conference and meetings 21,593 - Cash received from SMART rebate deposits and fees 43,634 10,334 Cash received from publication sales 3, Dividend and interest received Cash paid to employees (55,470) (39,137) Cash paid to vendors (138,244) (121,303) Cash paid to SMART rebate recipients (6,424) (3,700) Net cash provided (used) by operating activities 244, ,807 Cash, Beginning of Period 733, ,217 Cash, End of Period $977,588 $733,024 General Operating Account $577,355 $332,916 Operating Reserves 177, ,688 Petty Cash Cash Reserved for Water Foundation Grant 222, ,370 Total Cash $ 977,588 $ 733,024 Reconciliation of net income to net cash from operating activities: Increase (decrease) in net assets $55,049 $38,677 Reconciliation to net cash provided by operating activities: Depreciation Expense 7,618 7,618 Changes in: Accounts Receivable 337,457 (482,908) Inventory - Publications 1, Deposits and Prepaid Expenses (1,438) 4,993 Accounts Payable 2,478 (14,005) Accrued Vacation & Sick (124) 429 Accrued Payroll 171 (3,536) SMART Rebate Deferred Revenue 36,419 5,510 Deferred Rent (1,047) (1,046) Deferred Dues Revenue (193,200) 570,313 TRNA released in period - - Net cash provided (used) by operating activities 244, ,807 Unaudited Financial Statements for Management Purposes Only. No Assurance is Provided. Prepared by Kimberly Yost, 07/24/2017

5 2ND QTR ACTUAL CALIFORNIA WATER EFFICIENCY PARTNERSHIP STATEMENT OF ACTIVITIES FOR THE PERIOD 01/01/ /30/2017 1ST QTR ACTUAL YTD ACTUAL YTD Budget YTD VARIANCE FROM BUDGET Comments REVENUE Membership Dues $190,613 $174,634 $365,247 $350,737 $14,510 Actual is based on expected dues collections spread evenly over the year Grant Revenue Contract Revenue 37,634 12,465 50,099 26,187 23,912 CAWEPI revenue was not aniticipated during budget process Contributions 5, ,531 10,282 (4,751) Unexpected contribution from EBMUD of $4k Sponsorships 5, ,000 13,000 (8,000) Less sponsorship than anticipated, mostly due to facility usage Exhibit Booth Rental 1, ,600 2,000 (400) Workshop/Conference Registration 15, ,795 9,300 6,495 Peer 2 Peer attendance better than expected Plenary Table Publications 2,086 1,310 3,396 3, SMART Rebates Issued 6,424 3,700 10,124 15,200 (5,076) Processed rebates are less than expected SMART Rebate Admin Fee 924 1,090 2,014 2,750 (736) Processed rebates are less than expected Miscellaneous Income Interest Income & unrealized gain/loss TOTAL REVENUE 265, , , ,696 26,594 EXPENSES Membership Labor & Salaries 8,171 11,881 20,052 27,422 (7,370) understaffed Professional Services 12,976 16,429 29,405 46,345 (16,940) Timing, InCommunicaiton work delayed Program Consultants Website Maintenance 3,288 10,442 13,730 16,790 (3,060) Work delayed Facility Rental & Charges Catering/Food Costs , Staff Travel ,350 (1,064) BOD Travel Reimbursement ,100 (1,001) Telephone-Conference Calls 2,372 2,474 4,846 5,250 (404) Office Supplies Printing Depreciation Expense ,498 1,500 (2) Total Membership 28,793 42,364 71, ,282 (29,125) Technical Assistance & Training Labor & Salaries 15,702 5,265 20,967 7,267 13,700 More than expected time to ROI workshop and P2P Conference Program Consultants Professional Services 11,306 4,707 16,013 17,300 (1,287) IT Services Database Consultant Website Maintenance 1,020 1,020 2,040 2,040 0 Facility Rental & Charges 5, ,389 8,000 (2,611) Catering/Food Costs 14, ,203 10,350 4,853 P2P catering more expensive than expected, attendance higher than expected Speaker Travel 0 1,091 1,091 2,100 (1,009) Staff Travel 1, ,574 2,784 (1,210) BOD Travel Reimbursement Telephone-Conference Calls Office Supplies (84) Cost of Publications Sold 1, ,195 1, Printing (294) Total Technical Assistance & Training 52,573 13,343 65,916 53,206 12,710 Unaudited Financial Statements for Management Purposes Only. No Assurance is Provided. Prepared by Kimberly Yost, 07/24/2017

6 2ND QTR ACTUAL CALIFORNIA WATER EFFICIENCY PARTNERSHIP STATEMENT OF ACTIVITIES FOR THE PERIOD 01/01/ /30/2017 1ST QTR ACTUAL YTD ACTUAL YTD Budget YTD VARIANCE FROM BUDGET Database Application Labor & Salaries (75) understaffed Professional Services Database Maintenance ,000 (1,000) haven't purchased budgeted upgrades yet Database Consultant ,125 (15,225) on hold Website Maintenance 3,667 2,250 5,917 4,500 1,417 Telephone-Conference Calls Depreciation Expense 6,410 6,410 12,820 12,822 (2) Total Database Application 10,457 9,180 19,637 34,522 (14,885) Comments Unaudited Financial Statements for Management Purposes Only. No Assurance is Provided. Prepared by Kimberly Yost, 07/24/2017

7 2ND QTR ACTUAL CALIFORNIA WATER EFFICIENCY PARTNERSHIP STATEMENT OF ACTIVITIES FOR THE PERIOD 01/01/ /30/2017 1ST QTR ACTUAL YTD ACTUAL YTD Budget YTD VARIANCE FROM BUDGET Comments Conservation & Research Programs Labor & Salaries 8,133 7,286 15,419 23,169 (7,750) understaffed Program Consultants 15, ,283 7,000 8,283 CAWEPI contract not budgeted, other projects on hold Professional Services Website Maintenance SMART Rebates Issued 6,424 3,700 10,124 15,200 (5,076) Processed rebates are less than expected Catering/Food Costs Staff Travel Conferences and Meetings Office Supplies Total Conservation & Research Programs 30,287 12,762 43,049 45,744 (2,695) Administration Labor & Salaries 24,077 20,768 44,845 55,012 (10,167) understaffed Payroll Tax 5,051 5,241 10,292 11,592 (1,300) Worker's Compensation ,124 1,124 0 Employee Medical & Benefits 4,957 5,271 10,228 8,370 1,858 Employer 401(k) Match 3,407 3,158 6,565 7,621 (1,056) Staff Development (302) Professional & Legal Services 17,369 7,146 24,515 30,000 (5,485) Timing, recruiter invoice not yet received Accounting 7,505 8,146 15,651 17,500 (1,849) Audit & Tax Preparation ,650 (2,650) 990 not yet prepared, extension filed Payroll & HR Services 1,830 2,914 4,744 5,461 (717) IT Services 1,552 1,845 3,397 5,480 (2,083) less need for services in 2nd qtr Officer Stipend ,500 (1,750) Marketing & Outreach ,944 (5,500) identity remodel delayed Member Recognition Membership Dues - In-Kind (846) Staff Travel , Office Rent & Parking 13,798 13,559 27,357 30,954 (3,597) deferred rent not included in budget Liability Insurance 1,696 2,650 4,346 4, Equipment Leases & Maintenance 1,080 1,080 2,160 2,166 (6) Telephone 1,482 1,469 2,951 3,000 (49) Office Supplies ,002 (197) Printing ,300 (2,953) new letterhead printing on hold Postage & Shipping (422) Dues & Subscriptions 0 1,500 1,500 1,500 0 Other Office Expense 1, ,157 1,724 (567) Depreciation Expense ,530 (612) Bad Debt Expense Publications valuation chg & w/o Total Administration 88,748 77, , ,246 (39,441) Total Expenses 210, , , ,001 (73,437) Total increase in net assets $55,049 $38,677 $93,726 ($6,304) $100,030 Unaudited Financial Statements for Management Purposes Only. No Assurance is Provided. Prepared by Kimberly Yost, 07/24/2017

8 CA Water Efficiency Partnership As of June 30, 2017 Schedule of Accounts Receivable Days Old Grouping 05/31-06/30 05/01-05/30 04/01-04/30 03/02-03/31 all prior - 03/01 Total Dues $6,306 $6,149 $0 $2,157 $173,008 $187,620 DWR 28, ,840 39,312 (a) Other Grantors Misc 4, ,625 $39,303 $6,149 $0 $2,157 $183,948 $231,557 Overpayments - Notes: Total Accounts Receivable as of June 30, 2017 $231,557 (a) $13,687 DWR retention receivable Temporary Restricted Net Assets H2ouse 39,157 Special Projects 8,666 Total TRNA as of June 30, 2017 $47,823 YTD Actual Totals Labor and Benefits Summary Technical Assistance & Training Database Application Conservation & Research Programs Labor and Benefits Membership Administration Labor & Salaries $101,283 $20,052 $20,967 $0 $15,419 $44,845 Payroll Tax 10,292 2,038 2, ,567 4,557 Worker's Comp 1, EE Medical & Benefits 10,228 2,025 2, ,557 4,529 ER 401(k) Match 6,565 1,300 1, ,907 Totals $129,492 $25,637 $26,807 $0 $19,713 $57,335 Actual vs. Budget Analysis Labor and Benefits YTD Actual 2017 YTD Budget Variance Labor & Salaries $101,283 $112,945 $(11,662) Payroll Tax 10,292 11,592 (1,300) Worker's Comp 1,124 1,124 0 EE Medical & Benefits 10,228 8,370 1,858 ER 401(k) Match 6,565 7,621 (1,056) Totals $129,492 $141,653 $(12,161) Unaudited Financial Statements for Management Purposes Only. No Assurance is Provided. Prepared by Kimberly Yost, 07/24/2017

9 CALIFORNIA WATER EFFICIENCY PARTNERSHIP RESERVE ACCOUNT-MORGAN STANLEY As of June 30, 2017 DOC #: SM STMT_MTH YR BATCH 1583 INTEREST PAID in 2017 CD NAME CUSIP CD Amount ISSUED DATE MATURE DATE Matured COUPON RATE INTEREST PAID MONTH PAID AMOUNT Goldman Sachs New York 38148JRM5 20, /16/2015 4/24/2017 (20,000.00) 0.85% semi-annual apr,oct JP Morgan Chase 48125YBD5 20, /16/ /30/ % quarterly jan, apr, jul, oct 20, Goldman Sachs New York 38148JRJ2 20, /16/2015 4/24/ % semi-annual apr,oct 20, Cleveland OH 88413QBE7 20, /16/ /29/ % semi-annual apr,oct 20, Goldman Sachs New York 38148J5X5 30, /12/2016 1/22/ % semi-annual jan, jul 30, Amex Centuron Salt Lake City UT 02587DF78 20, /29/ /4/ % semi-annual may, nov 20, , Cash Equivalents 67, Monthly Accrual Accumulated Accrued Interest Accrued Interest 2016 balance January 2017 (151.60) February March April 2017 (231.83) May 2017 (66.17) June Monthly unrealized gain/loss Annual Accumulated gain/loss Unrealized gain/loss 2016 balance January February 2017 (37.30) March 2017 (256.30) April May 2017 (36.50) June 2017 (109.40) Account Balance 177, Unaudited Financial Statements for Management Purposes Only. No Assurance is Provided. Prepared by Kimberly Yost, 07/24/2017

10 California Water Efficiency Partnership Member Dues Billed and Paid Report as of August 8, 2017 Member Name Inv. Amount Payment In-Kind Write Off Date Paid Balance A&N Technical Services /21/ Act Inc. Metlund Systems Alameda County Water District 6, , /28/ Alliance for Water Efficiency /17/ Aquacraft, Inc Association of CA Water Agcy Atascadero Mutual Water Co. 2, , /18/ Bay Area Water Supply & Cons /21/ Bear Valley Community Services 1, , /25/ Bellflower-Somerset Water Co. 2, , Bill Jacoby Water Resources /30/ CA Landscape Contractors Assn /28/ CA Public Utilities Commission /1/ CA State Water Resources /30/ California American Water 9, , /4/ California Nevada Section AWWA California Water Association 1, , /18/ California Water Service Co. 25, , /6/ Calleguas Municipal WD 8, , Camrosa Water District 3, , /25/ Carlsbad Municipal Water District 3, , /5/ Carpinteria Valley WD 2, , /28/ Casitas Municipal WD 1, , /21/ Castaic Lake Water Agency 3, , /16/ Ceres Channel Islands Beach CSD* 1, , Chino Basin Water Conservation /4/ Citrus Heights Water District 3, , /4/ City of Anaheim PUD 6, , City of Benicia 2, , /18/ City of Beverly Hills 2, , /23/ City of Big Bear Lake 2, , /21/ City of Brentwood 3, , /4/ City of Burbank, PSD 3, , /28/ City of Calistoga 1, , /28/ City of Camarillo 3, , /28/ City of Chino 3, , /4/ City of Chino Hills 3, , /4/ City of Coachella* 2, , City of Colusa 1, , /14/ City of Corona Water Utilities 4, , /21/ City of Cotati* 2, , City of Davis Public Works Dep 3, , /17/ City of Delano 2, , /4/2017 -

11 Member Name Inv. Amount Payment In-Kind Write Off Date Paid Balance City of Downey 3, , /8/ City of Escondido 3, , /11/ City of Folsom 3, , /5/ City of Fountain Valley 3, , City of Fresno 10, , /4/ City of Fullerton 4, , City of Garden Grove* 4, , City of Glendale Water & Power 4, , /4/ City of Hayward 3, , /11/ City of Huntington Beach* 4, , City of Indio/Indio Water Auth 3, , City of La Verne 2, , /4/ City of Mountain View 3, , /28/ City of Napa 3, , /21/ City of Newport Beach 3, , /28/ City of Oceanside, WD 4, , /3/ City of Orange 4, , /18/ City of Oxnard 4, , City of Palo Alto 3, , /28/ City of Pasadena 4, , /18/ City of Paso Robles 2, , /21/ City of Patterson 2, , /4/ City of Petaluma 3, , /11/ City of Pittsburg 3, , City of Pomona 3, , /1/ City of Poway 3, , /5/2017 (0.00) City of Redwood City 3, , /21/ City of Rohnert Park 2, , City of Roseville 4, , /11/ City of Sacramento 9, , /2/ City of San Buenaventura 3, , City of San Clemente 3, , /11/ City of San Diego 17, , /11/2017 8, City of San Jose, Environmental 3, , City of San Juan Capistrano 2, , /4/ City of San Luis Obispo 2, , /11/ City of Santa Ana 4, , /17/ City of Santa Barbara, Public 3, , /21/ City of Santa Cruz Water Dept. 3, , /11/ City of Santa Maria 3, , /14/ City of Santa Monica 3, , /11/ City of Santa Rosa 4, , /4/ City of Soledad 1, , City of Sonoma 2, , /17/ City of Stockton 4, , /28/ City of Turlock 3, , /6/ City of Upland 3, , /4/ City of Vacaville 3, , /29/ City of Vernon 1, ,470.42

12 Member Name Inv. Amount Payment In-Kind Write Off Date Paid Balance City of Yreka 2, , /11/ Coastside County Water Distric 2, , /30/ Contra Costa Water District 6, , /11/ Crescenta Valley Water Dist. 2, , Crestline Village WD 2, , /28/ Cucamonga Valley WD 5, , /4/ Daily Acts Dropcountr, Inc /18/ Dublin San Ramon Services Dist 3, , /28/ East Bay Municipal Utility Dis 19, , /21/ East Orange County WD 1, , /17/ Eastern Municipal WD 9, , /11/ EcoLandscape California El Dorado Irrigation District 4, , /23/ El Toro Water District 2, , /10/ Elk Grove Water District 3, , Elsinore Valley MWD 5, , /27/ Fair Oaks Water District 3, , /4/ Fallbrook PUD 2, , /11/2017 1, Fluidmaster, Inc /18/ Foothill Municipal WD 1, , /21/ Forestville Water District 1, , /28/ Golden State Water Company 13, , /6/ Goleta Water District 3, , /28/ Great Oaks Water Company 3, , /16/ Helix Water District 5, , /20/ HF&F Consultants, LLC /5/ Hidden Valley Lake CSD 1, , /10/ High Sierra Showerheads Hilmar County Water District 1, , /21/ Indian Wells Valley WD 2, , /21/ Inland Empire Utilities Agency 3, , /4/ Irrometer Company, Inc /30/ Irvine Ranch Water District* 6, , Jurupa Community Services Dist 3, , /9/ Kern County Water Agency 3, , /4/ Lake Arrowhead CSD 2, , /21/ Lakeside Water District 2, , /11/ Land Life Company Landscape Integrity Films & Ed /21/ Las Virgenes MWD 3, , /2/ Liberty Utilities-Apple Valley Ranchos Wate 3, , /21/ Long Beach Water Department 6, , /28/ Los Angeles County Waterworks 6, , /2/ Los Angeles Dept. of Water 39, , Los Osos CSD 1, , /11/ Maddaus Water Management Marin Municipal Water District 4, , /21/ Marina Coast Water District 2, , /28/2017 -

13 Member Name Inv. Amount Payment In-Kind Write Off Date Paid Balance Maureen Erbeznik & Associates /23/ Mesa Water District 3, , /21/ Metropolitan Water District 15, , /28/ Mid-Peninsula Water District 2, , /2/ Mojave Water Agency 3, , /21/ Monte Vista Water District 3, , /4/ Moulton Niguel Water District 4, , /28/ Municipal Water District of Orange County 8, , /21/ Nebia Newhall County Water District 2, , /4/ Nipomo Community Services Dist 2, , /28/ North Coast County WD 2, , /28/ North Marin Water District 3, , /11/ Occidental Community Services 1, , /20/ Olivenhain Municipal WD 3, , /11/ OmniEarth, Inc Ontario Municipal Utilities Co 4, , /4/ Orange County Water District 8, , /21/ Orange Vale Water Company 2, , /28/ Otay Water District 4, , /11/2017 2, P.I.P.E Padre Dam Municipal WD 3, , /5/ Palmdale Water District 3, , /18/ Park Water Company* 3, , Placer County Water Agency 5, , /21/ PlanetRight Purissima Hills Water District 1, , /14/ Rain Bird Corporation 1, , /17/ Rainbow Municipal Water Dist 2, , /10/ Ramona Municipal WD 2, , /11/2017 1, Rancho California WD 5, , /17/ Regional Water Authority /21/ Rincon Del Diablo MWD 2, , /11/ Rio Linda/Elverta Community WD 2, , /28/ Rowland Water District 3, , Rubidoux CSD 2, , /6/ Sacramento County Water Agency 5, , /6/ Sacramento Suburban WD 4, , /23/ San Diego Cty Water Authority 8, , /11/ San Dieguito Water District 2, , /5/ San Francisco PUC 14, , /21/ San Gabriel Valley Water Co. 7, , /4/2017 (42.16) San Jose Water Company 12, , /10/ San Juan Water District 3, , Santa Barbara Cty Water Agency 2, , /18/ Santa Clara Valley Water District 8, , Santa Clarita Water Division 4, , /18/ Santa Fe Irrigation District 2, , /11/ Santa Ynez River WCD 1, , /1/2017 -

14 Member Name Inv. Amount Payment In-Kind Write Off Date Paid Balance Smart Utility Systems Solano County Water Agency 8, , /14/ Sonoma County Water Agency 3, , /23/ South Coast Water District 2, , /11/ South Tahoe PUD 2, , /11/ Stanford Utilities Department /10/ Suburban Water Systems 6, , /21/ Sweetwater Authority 3, , /11/ Sweetwater Springs Water Dist 2, , /23/ Tahoe City Public Utility Dist 2, , /23/ Tehachapi-Cummings City Water 1, , /21/ Three Valleys MWD* 3, , Tinker LLC Town of Windsor 2, , /2/ Trabuco Canyon Water District 2, , /28/ Triunfo Sanitation District 2, , /4/ Upper San Gabriel Valley MWD 3, , /11/ Valencia Water Company 4, , /21/ Vallecitos Water District 3, , /5/ Valley Center MWD 3, , /27/2017 (0.01) Valley of the Moon WD 2, , /30/ Ventura Co. Waterworks Dist #8 3, , /4/ Vista Irrigation District 3, , /11/ Water Forum /18/ WaterSmart Software /17/ West Basin MWD 8, , /17/ Western MWD of Riverside 5, , /4/ Yucaipa Valley Water District 3, , /28/ Zone 7 Water Agency 3, , /17/ , , , , Dues Collected in 2016 at same point in year 757, Difference (110,311.47)