TSD Financial Policies & Budget

Each year TSD compiles a budget, within the budget is a 20 year forecast. When the budget is laid out, prudent management of public funds is the ultimate goal. Click here to view the Annual Budget. 

TSD Financial Policies

Fund 2 - Martis Valley Interceptor Fund

Source of Funds = facility fees from developers in Martis Valley Interceptor sewer shed & interest earnings
Restricted for use on sewer related activities on the Martis Valley Interceptor pipeline
No minimum reserve level to be maintained. Used to upsize Martis Valley Interceptor pipeline. Once upsizing is complet, funds should be expected & fund retired 

Fund 10- SAD 5 Trust Fund

Use of funds are restricted for use on sewer related activities associated with SAD 5 - Armstrong Tract & Blitz Tract area only

Fund 4 - Capital Reserve Fund

Source of Funds = Connection Fees & interest earnings
Restricted for use of projects that increase the capacity of the sewer system
Maintained so a minimum balance beginning each year is equal to 60% of the nex 5 year

Fund 5 - Major Capital Improvements Reserve Fund

Transfers from General Fund & interest earnings
Used for expenditures over $5,000 on assets with life expectancies greater than 1 year
Maintained so that a minimum balance at the beginning of each fiscal year is equal to 60% of the next five years of projected Fund 5

Fund 6 - Emergency Contingency Reserve Fund

Transfer from General Fund is recommended by staff, directed by the Board
Only available for Board designated purposes
Maintained at the level recommended by staff with approval by the Board in the event of an emergency

Fund 1 - General Fund

Operating revenue source of funds: property taxes & interest earnings
Used for day-to-day operations of the District
Maintained so cash is equivalent of 7 months of budgeted operating expenses
Read the full Resolution no. 2020-105 - Reserve Fund Policy here

Read TSD's Investment Policy here. 

Read Annual User Fees Billed via Tax Roll here

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