Financials

Yuba Water Agency’s financial condition continues to be sound. Our responsible fiscal management and planning, as confirmed by external audit reports, gives us the financial means to ensure reliable delivery of irrigation water, recreation services, and hydropower generation, while consistently meeting our principal and interest payments on bond debt.

Annual Audited Financial Statements

Yuba Water Agency’s Financial Statements provide the following information:

  • Auditor’s report on internal control
  • Basic financial statements (audited)
  • Independent auditors report
  • Listing of agency officials
  • Management’s discussion and analysis
  • Supplementary information

Yuba Water's Reserves Policy

Yuba Water Agency's reserves policy ensures we have enough money saved in case of emergencies and to be able to pay for financial commitments and capital projects we have planned for the next few years. Consider the incredible cost of a flood event, a catastrophic wildfire or emergencies at similar local agencies that experienced infrastructure failures with a spillway or plant equipment – the cost of these types of emergencies can exceed $1 billion. Additionally, in a crisis of this nature, our partners in Yuba County could potentially also be devastated and in need of financial support until reimbursement comes through from the Federal Emergency Management Agency, which can take years.

Our hydropower revenue is about 85 percent of our income. New Colgate Powerhouse is located in the foothills alongside the Yuba River, where it is potentially vulnerable to both wildfire and flood events. If our ability to generate power was compromised – without solid reserves, it could be devastating. Considering all these factors and after a thorough review of the financial impacts to other similar agencies in these types of crises, Yuba Water has developed appropriate funding levels needed to keep us operating throughout an emergency.

This policy is designed to ensure that we can maintain our operations in spite of an unplanned emergency, and that we can continue to power a brighter future for Yuba County.