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Budget & Finance
Metropolitan maintains an annual operating budget of nearly $2 billion, ensuring that our vast water system runs smoothly and that we will meet Southern California’s water demands for generations to come.
We make forward-thinking investments in supplies, storage, conservation, and treatment, and we responsibly maintain our existing infrastructure. Together, these strategically important programs provide Metropolitan with the operational flexibility to store water when it is available and deliver it to our communities in dry years. Our water rates, which recover the cost of providing reliable water service to our member agencies, are established in an open and transparent public process as part of the biennial budget.
Our adopted biennial budget for fiscal years 2022/23 and 2023/24 as well as the adopted rates and charges for the calendar years 2023 and 2024 documents can be reviewed here.
Issuing bonds helps to fund critical infrastructure investments that the regional economy depends on. These include investments in a regional recycled water program, water quality improvements and clean energy upgrades. Metropolitan is committed to maintaining our strong bond ratings and adheres to a policy of transparency with our investor community and general public.
Pure Water Southern California
Pure Water Southern California, formerly known as Regional Recycled Water Program, will take cleaned wastewater and further purify it to produce a new, drought-proof source of high-quality water for Southern California.
Conservation & Local Resources
Metropolitan has invested $1.5 billion in water conservation, recycled water and groundwater recovery since 1990.
Metropolitan has developed more than 5.5 million acre-feet of storage capacity – a 13 times increase in capacity since 1990.
Metropolitan has an ongoing, dynamic effort to ensure the strongest possible future for Metropolitan by tapping the best talent, training employees, and developing leaders for the future.
|Effective January 1st||2022||2023||
|Tier 1 Supply Rate($/AF)||$243||$321||$332|
|Tier 2 Supply Rate($/AF)||$285||$530||$531|
|System Access Rate ($/AF)||$389||$368||$389|
System Power Rate ($/AF)
|Full Service Untreated Volumetric Cost ($/AF)|
|Treatment Surcharge ($/AF)||$344||$354||$353|
|Full Service Treated Volumetric Cost ($/AF)|
|Readiness-to-Serve Charge ($M)||$140||$154||$167|
|Capacity Charge ($/cfs)||$12,200||
Note: All information contained in the Financial Information pages is obtained from sources believed to be accurate and reliable. While all information presented is believed to be accurate and reliable, it is prepared without audit unless otherwise identified as audited financial information. Due to the possibility of human or mechanical error and other factors, this information is provided as is without warranty of any kind and MWD makes no representation, express or implied, as to the accuracy, reliability, completeness or timeliness of this information, and is not responsible for any loss or damage incurred by any party using this information. The information contained at this website has been included for general informational purposes only and no person should make any investment decision in reliance upon the information contained herein. This website and the information contained herein do not constitute an offer to sell or the solicitation of an offer to buy any securities.
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