Water Authority approves $436 million budget for Fiscal Year 2002

The board of directors of the San Diego County Water Authority today approved a $436 million budget for fiscal year 2002 that allows the Water Authority to continue providing a safe, reliable water supply to the region. The Water Authority's fiscal year begins July 1. The budget consists of five major elements: water purchases, $222.6 million; Capital Improvement Program Annual Appropriation, $131.3 million; debt service, $54 million; the operating budget, $26.2 million; and equipment replacement, $1.9 million.