Issue link: https://www.e-digitaleditions.com/i/680358
Capital Improvement Program ( pgs 14-15 ) ~ Our Capital Improvement Program (CIP) is the foundation of the District's long-range capital investment and financial planning. The CIP establishes a specific list of projects to be completed for capital replacements and improvements, and preventive maintenance. The proposed CIP budget is structured to bridge the short term funding gap without undue burden to the ratepayers, while positioning the District to have a long term and sustainable replacement plan. Santee Lakes ( pgs 16-17 ) ~ Santee Lakes Recreation Preserve continues its mission as an industry leader, recognized as one of the top regional park and campground facilities in the country. It operates under the District with the primary goal of financial sustainability while maintaining a viable and welcoming facility. The park continues to attract over 750,000 people a year to the 190 acres of stocked lakes and parkland as well as 300 RV campsites and 10 fully furnished cabins. Finance ( pgs 18-23 ) ~ Padre Dam continues to practice an everyday commitment to working efficiently and reducing costs wherever possible while continuing our dedication to superior customer service and infrastructure investment. The District increased its internal rates an average of 4.75 percent for water and 1.5 percent for sewer in 2015 to ensure funding to pay for infrastructure maintenance, increasing construction and energy costs, and capital improvement projects. We began to see a significant decrease of more than 20 percent in water sales in 2015 as a result of California's continuing drought and the State's Emergency Conservation Regulations. Staff continues to work to find savings and efficiencies to absorb the revenue loss from decreased sales and avoid drought rates. F Y 2015 ~ 7 2015 Annual Report