West Basin Fiscal Year 2020-2021 Operating Budget

West Basin Municipal Water District Accrual Basis – The basis of accounting under which transactions are recognized when they occur, regardless of timing of cash receipts and disbursements. Acre–Foot (AF) – A unit of measure equivalent to 325,900 gallons of water that meets the need of two average families, in and around the home, for one year. Adjustable Rate Revenue Certificates of Participation – Tax–exempt government variable rate securities used to finance capital costs. AFY – Acre–Foot per Year Annual Tier 1 Maximum – An annual set amount of non–interruptible water an agency may purchase at a preferred rate. Balanced Budget – A balanced budget occurs when the total sum of money a government collects in a year is equal to the amount it spends on goods, services, and debt interest. Barrier Water – Imported or recycled water that is injected into wells to prevent seawater intrusion into the groundwater. Best Management Practice (BMP) – An engineered structure or management activity, or combination of these that eliminates or reduces adverse environmental effects. Bond Fund – Restricted funds used to pay for capital expenditures. Brackish Water – A mixture of seawater and freshwater. Budget – A balanced financial plan for a specified period of time. C. Marvin Brewer Desalter – a satellite facility for brackish water in the City of Torrance, California that began operations in May 1993. California Water Service Company (CWSC) – The largest investor–owned American water utility west of the Mississippi River and the third largest in the country. Formed in 1926, the San Jose–based company serves 460,000 customers through 26 Customer and Operations Centers throughout the state. California Environmental Quality Act (CEQA) – California state statute that requires state and local agencies to identify the significant environmental impacts of their actions and to avoid or mitigate those impacts, if feasible. Capacity Charge – A charge to recover the cost of providing peak capacity within the distribution system. Capital Expenditure – Costs incurred that will derive a future benefit and include the acquisition or upgrade of land, equipment or facilities. Glossary 9-2