| Santa Cruz County, CA | November 2, 2004 Election |
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fiscal responsibilityBy David RossCandidate for Director; San Lorenzo Valley Water District |
This information is provided by the candidate | |
sound money managementGenerally, the District's operating expenses are met by its revenue. There are significant reserves to meet natural disasters such as an earthquake and there are reserves for vehicle and large machine replacement. The most significant financial question for the next term is to plan the management of the funds obtained from the sale of the Waterman Gap property. The District received approximately $12,000,000 for the sale of that parcel to Sempervirens, which in turn deeded the land to State Parks. We have developed an investment strategy which stresses security plus giving adequate liquidity so that the funds are both safe and accessible. My proposal for the management of that money is that up to $2,000,000 could be used to purchase other environmentally sensitive watershed parcels and that the rest of the principal should be preserved. The interest should be used to finance future capital improvement projects and our water/environment education grant program. |
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ca/scz Created from information supplied by the candidate: October 18, 2004 16:31
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