Debt Management Policy (98kb)
The goal of the Debt Management Policy is to put in writing and formally establish parameters for the District in issuing debt and managing a debt portfolio. This policy is intended to assist the District by promoting sound financial management through accurate and timely information on financial conditions, evaluating critical debt issuance options, protecting and enhancing the District’s credit rating as well as ensuring that adequate financial resources are available to support the District’s long-term capital needs.

Investment Policy (127kb)
The purpose of the investment policy is to identify various policies and procedures that enhance opportunities for a prudent and systematic investment policy and to organize and formalize investment related activities. The ultimate goal is to protect the District’s funds while enhancing its economic status. The investment policies and practices of the Board of Directors and District management for the South Coast Water District are based upon limitations placed on it by governing legislative bodies. The policies have three primary goals: 1) to assure compliance with all Federal, State and Local laws governing the investment of monies, 2) to protect the principal monies entrusted to South Coast Water District, and 3) to generate the maximum amount of investment income within the parameters of the Statement of Investment Policy.

Reserve Policy (155kb)
The reserve policy establishes a formal process for setting aside funds and helps to frame future discussions related to funding the District’s on going operations and capital requirements. The reserve policy serves several important purposes: 1) it formalizes the District’s annual decision process regarding funding and savings in a written policy document; 2) a written policy allows the District to communicate our financial planning to others who don’t know us, such as rating agencies and bond underwriters, using a format that is less complex than our annual budget; 3) it creates a platform for staff to prepare budgets using an established Board policy to guide funding levels; and 4) it provides the assurance of an independent financial advisor that our methods for setting reserve levels are financially sound.