The District budget for Fiscal Year 20010/11 called for expenditures of $1,010,900 for O&M and an additional $4,910,190 for capital asset projects/purchases. A graphic breakdown of O&M expenditure for FY 2010/11 is shown in Figure 7. [See Figure 7]
Small to moderate capital expenditures are funded by cash reserves while larger expenditures may be funded by bond issues approved by the voters. The District, at present, does not have any bonded indebtedness.