Each year, the Goleta Water District (District) Board of Directors adopts a budget for the upcoming fiscal year (FY), which runs from July 1 through June 30. The annual budget estimates District revenues and establishes spending priorities within the framework of the District’s adopted Five-Year Financial Plan.
The Budget provides the financial foundation for District operations, programs, and infrastructure investments. It serves as a planning roadmap for managing costs, maintaining affordable customer rates, and ensuring the District has the resources needed to provide safe, reliable, and sustainable water service to the community.
The District Budget is organized into three sections and an appendix.
Section I – Overview
Provides background information about the District and highlights key initiatives and recent accomplishments. This section also discusses external factors expected to influence District policy and financial planning in the coming years. The FY 2026-27 Budget Overview is available here.
Section II – Revenue and Transfers
Explains and forecasts the District’s major revenue sources, including Monthly Service Charges, Water Sales, New Water Supply Charges, Investment Revenue, Conveyance Revenue, and Miscellaneous Fees and Charges, based on rates effective July 1st. This section also examines customer water use trends and other factors affecting District revenue.
Section III – Expenditures
Explains how the District plans to use its financial resources across five major expenditure categories: Water Supply Agreements, Personnel, Operations and Maintenance, Capital Improvement, and Debt Service.
Appendix – Department Expenditures
Provides detailed expenditure information by cost center for each of the District’s three departments: Engineering & Infrastructure, Water Supply & Conservation, and General Administration.
Current and Past Budgets
View the District’s current adopted budget and previous fiscal year budgets here.
