Chief Financial Officer
Established in 1960 under the provisions of the State of California Water Code, the El Toro Water District (ETWD) provides high quality drinking water, reliable wastewater collection and treatment, and recycled water for approximately 50,000 people in the City of Laguna Woods and portions of the Cities of Lake Forest, Laguna Hills, Mission Viejo and Aliso Viejo.
ETWD’s five-member, publicly elected Board of Directors are responsible for the District’s policies and strategic decision making. Day-to-day operations are directed and supervised by the General Manager. ETWD is currently staffed by 60 full-time professionals. ETWD has been awarded the Certificate of Achievement for Excellence in Financial Reporting, District of Distinction, and 2019 Top Work Places. ETWD’s Fiscal Year 2020-21 budget of approximately $28 million is designed to help the District attain the following financial objectives:
- Establish a revenue cash flow plan that is sufficient to fund the operating budget including the capital replacement & refurbishment program
- Establish a reliable, stable and predictable rate adjustment strategy that minimizes impact to customers.
- Maintain a minimum reserve level sufficient to fund legal, board mandated and working capital requirements.
- Employ cost containment and reduction strategies and practices as appropriate to cost effectively maintain reliable service levels.
The Chief Financial Officer (CFO) plans, organizes, controls and directs the full range of finance and accounting services for El Toro Water District. The CFO develops budgets; establishes organizational controls and measures performance against approved objectives; manages the District’s cash, investments and working capital funds; oversees customer service, customer billing and accounts receivable; manages the District’s insurance program; oversees payroll; performs periodic audit and review of financial records, operations and systems to assure that proper accounting procedures are followed; and manages the contract with the independent auditing firm.
In addition, the CFO produces and reconciles the Comprehensive Annual Financial Report (CAFR) and assesses future fiscal impacts to the organization. This individual also presents information to the El Toro Water District Board of Directors and members of the community and represents the District at meetings with other agencies. The CFO provides direction and supervision for the Accounting Department, the Information Technology Department, the Office Customer Service Department and the Purchasing Department.
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