$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 2012  FY 2013  FY 2014  FY 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 
OverCollection (in millions)  $93  $251.2  $354  $149 
Sources & Calculations  

FY 2012  Source:  Slides 2 and 5 
Calculation:  actual revenues ($1,442M on slide 2) minus actual expenditures ($1349M on slide 5)  
FY 2013  Source:  Slides 4 and 16 
Calculation:  actual revenues ($1,584 M on slide 4) minus actual expenditures ($1,332M on slide 16)  
FY 2014  Source:  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 2015  Source 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) 
