Rancho California Water District's Finance Department completes an annual operating and non-operating budget document each fiscal year. It is presented to and adopted by the Board of Directors typically the second board meeting in June. The fiscal year runs from July 1 to June 30 each year.
Rancho California Water District's Comprehensive Annual Financial Report (CAFR) has earned the prestigious Certificate of Achievement for Excellence in each year a CAFR was prepared. This award recognizes governments whose CAFRs achieve the highest standards in government accounting and financial reporting. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized CAFR. This report must satisfy both generally accepted accounting principles and applicable legal requirements.