$847 Million in Overcharges

From 2012 through 2015, MWD collected $847 million more from ratepayers than the agency needed to pay its budgeted expenses by overcharging water ratepayers across Southern California.

 FY 2012FY 2013FY 2014FY 2015
Revenues (actual)
(in millions)
$1,442.2$1,583.5$1,801.4$1,859
Expenditures (actual)
(millions)
$1,349.2$1,332.3$1,447.4$1,710
Over-Collection
(in millions)
$93 $251.2 $354 $149
Sources & Calculations
FY 2012Source:Slides 2 and 5
Calculation:actual revenues ($1,442M on slide 2) minus actual expenditures ($1349M on slide 5)
FY 2013Source:Slides 4 and 16
Calculation:actual revenues ($1,584 M on slide 4) minus actual expenditures ($1,332M on slide 16)
FY 2014Source:Slide 21
Calculation:actual revenues ($1,801 M on slide 21) - actual expenses ($1,497.4M on slide 21) + FY 2014 expenses funded in FY 2013 ($50M on slide 21)
FY 2015Source 1:Slides 2 and 3
Source 2:Slide 13
Calculation:actual revenues ($1,717 M on slide 2) + expenses for conservation and supply programs funded by reserves
($142M on slide 13) - actual expenditures ($1,641 M on slide 3) - increase in required reserves ($69M on slide 13)
© The Truth about The Metropolitan Water District of Southern California.