On the agenda: Cucamonga Valley Water District meeting — data center (Jul 28)

CUCAMONGA VALLEY WATER DISTRICT
BOARD OF DIRECTORS MEETING AGENDA
July 28, 2026 – 5:00 p.m.

District Office, Board Room
10440 Ashford Street; Rancho Cucamonga, California

OUR MISSION
The mission of the Cucamonga Valley Water District is to provide high quality, safe and reliable water and
wastewater services, while practicing good stewardship of natural and financial resources.
1.

CALL TO ORDER / FLAG SALUTE

2.

ADDITIONS/DELETIONS TO AGENDA

3.

PUBLIC COMMENT
Members of the public may comment on any item not listed on the agenda. For
items listed on the agenda, comments may be provided during Public Comment or at
the time the item is addressed by the Board. Comments related to noticed public
hearing items will be heard at the time the public hearing is conducted. Speakers are
requested to keep their comments to no more than five (5) minutes. The President
may reduce the time to not less than three (3) minutes depending upon the number of
speakers wishing to address the Board. Under the provisions of the Brown Act, the
Board is prohibited from taking action on items not listed on the agenda.

4.

GENERAL MANAGER/CEO REPORTS

5.

A)

District Updates

B)

IEUA Board Meeting Agenda

CONSENT CALENDAR
All matters listed under the Consent Calendar are considered routine and will be
enacted by one vote. There will be no separate discussion of these items unless
members of the Board request specific items be removed for separate action.
A)

Approve Minutes of July 14, 2026 Regular Board Meeting.

B)

Approve Board Calendar of Events.

C)

Receive and File the Cash and Investment Report for the month ending
June 30, 2026.

John Bosler, General
Manager/CEO

JULY 28, 2026 BOARD MEETING AGENDA
PAGE 2

6.

D)

Receive and File the PARS Quarterly Investment Report for quarter
ending June 30, 2026.

E)

Receive and File July 2026 Government & Public Affairs Report.

BOARD COMMITTEE REPORTS
A) July 7, 2026 Engineering Committee
B) July 16, 2026 Government & Public Affairs Committee

7.

BOARD MEMBER REPORTS

8.

ADJOURN

In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Board
Secretary (909) 987-2591, 48 hours prior to the scheduled meeting so that the District can make reasonable arrangements. Pursuant to
Government Code Section 54957.5, any writing that: (1) is a public record; (2) relates to an agenda item for an open session of a
regular meeting of the Board of Directors; and (3) is distributed less than 72 hours prior to that meeting, will be made available for
public inspection at the time the writing is distributed to the Board of Directors. Any such writing will be available for public
inspection at the District offices located at 10440 Ashford Street, Rancho Cucamonga, CA 91729. In addition, such writing may
also be posted on the District’s web site.

Posted 07-23-26

7/22/26, 4:04 PM

Board Agenda

AGENDA
BOARD OF DIRECTORS REGULAR MEETING OF THE
INLAND EMPIRE UTILITIES AGENCY*
WEDNESDAY, JULY 15, 2026
10:00 AM
AGENCY HEADQUARTERS
BOARD ROOM
6075 KIMBALL AVENUE, BUILDING A
CHINO, CALIFORNIA 91708
*A MUNICIPAL WATER DISTRICT
VIEW THE MEETING LIVE ONLINE AT IEUA.ORG
TELEPHONE ACCESS: (415) 856-9169 / Conf Code: 994 723 597#
The public may participate and provide public comment during the meeting by attending the meeting inperson or by dialing the number provided above. Comments may also be submitted by email to the Director
of Board and Administrative Services Denise Garzaro at [email protected] prior to the completion
of the Public Comment section of the meeting. Comments will be distributed to the Board of Directors.

CALL TO ORDER
ROLL CALL AND DIRECTOR ATTENDANCE
FLAG SALUTE
PUBLIC COMMENT
Members of the public may address the Board on any item that is within the jurisdiction of the Board; however, no action may
be taken on any item not appearing on the agenda unless the action is otherwise authorized by Subdivision (b) of Section
54954.2 of the Government Code. Those wishing to address the Board on any matter, whether or not it appears on the
agenda, are requested to email the Recording Secretary prior to the public comment section or request to address the Board
during the public comments section of the meeting. Comments will be limited to three minutes per speaker.

ADDITIONS TO THE AGENDA

https://granicus_production_attachments.s3.amazonaws.com/ieua/898213c5b8a7ef2bc2553bffdabbe0ee0.html

1/6

7/22/26, 4:04 PM

Board Agenda

In accordance with Section 54954.2 of the Government Code (Brown Act), additions to the agenda require two-thirds vote of
the legislative body, or, if less than two-thirds of the members are present, a unanimous vote of those members present, that
there is a need to take immediate action and that the need for action came to the attention of the local agency subsequent to
the agenda being posted.

1.

CONSENT ITEMS

NOTICE: All matters listed under the Consent Calendar are considered to be routine and non-controversial and will be acted
upon by the Board by one motion in the form listed below. There will be no separate discussion on these items prior to the
time the Board votes unless any Board members, staff or the public requests specific items be discussed and/or removed from
the Consent Calendar for separate action.

A.

MINUTES
Approve the minutes of the June 3, and June 17, 2026 Board Meetings.

B.

APPROVE REPORT ON GENERAL DISBURSEMENTS (FINANCE & ADMIN)
Staff recommends that the Board approve the total disbursements for the month of May 2026 in the
amount of $23,620,502.42.

C.

ADOPT POSITIONS ON STATE LEGISLATION (COMMUNITY & LEG)
Staff recommends that the Board adopt positions on the following bills:
Bill Number

Author

Bill Title

Position
Recommendation

Assembly Bill (AB)
1436

Ávila Farías
(D)

State Air Resources Board: Air Pollution
Regulations: Private Fleets: Exception

Ratify Support

AB 1881

Ramos (D)

California Indian Freedom Act of 2026

Oppose Unless
Amended

D.

APPROVE PREPURCHASE OF MOTOR CONTROL CENTERS FOR RP-5 OFFSITE FACILITIES PROJECTS
(ENG/OPS/WR)
Staff recommends that the Board:
1. Approve the prepurchase of two Motor Control Centers from Royal Industrial Solutions, for
the RP-5 Offsite Facilities Project, No. EN19001.03, in the amount of $223,986;
2. Approve the prepurchase of two Motor Control Centers from Royal Industrial Solutions, for
the City of Chino Hills Butterfield Lift Station Project, No. EN26054, in the amount of $148,737;
and
3. Authorize the General Manager to execute the purchase order, subject to non-substantive
changes.

E.

APPROVE MEMORANDUM OF UNDERSTANDING FOR TRANSFER OF RECYCLED WATER PIPELINE TO
IEUA (ENG/OPS/WR)
Staff recommends that the Board:
1. Approve a Memorandum of Understanding for the transfer of the Cherry Avenue Recycled
Water Pipeline from the City of Fontana to the Inland Empire Utilities Agency; and
2. Authorize the General Manager to execute the Memorandum of Understanding, subject to
non-substantive changes.

F.

AWARD CONTRACT FOR IDENTIFYING AND REMOVING PER- AND POLYFLUOROALKYL SUBSTANCES
USED IN WELL DRILLING (ENG/OPS/WR)

https://granicus_production_attachments.s3.amazonaws.com/ieua/898213c5b8a7ef2bc2553bffdabbe0ee0.html

2/6

7/22/26, 4:04 PM

Board Agenda

Staff recommends that the Board:
1. Award a professional services contract to Woodard & Curran, Inc. for identifying and removing
per- and polyfluoroalkyl substances used in well drilling, Project No. RW25001, for a two-year
period, with the option of a one-year extension, for a total potential contract term of three
years, for an aggregate not-to-exceed amount of $235,814; and
2. Authorize the General Manager to execute the contract, subject to non-substantive changes.
G.

2.

AWARD MASTER SERVICES CONTRACTS FOR AIR EMISSIONS TESTING (ENG/OPS/WR)
Staff recommends that the Board:
1. Award master services contracts to Air Compliance & Consulting Services, Alliance Technical
Group, LLC, and Montrose Air Quality Services DBA Onterris Air Quality Services, LLC for air
emissions testing services for a five-year period, with the option of two one-year extensions,
for a total potential contract term of seven years, for an aggregate not-to-exceed amount of
$1,500,000; and
2. Authorize the General Manager to execute the contracts, subject to non-substantive changes.

ACTION ITEMS
A.

ADOPT RESOLUTION NO. 2026-7-1, CERTIFYING RECIRCULATED FINAL PROGRAM
ENVIRONMENTAL IMPACT REPORT FOR CHINO BASIN PROGRAM
Staff recommends that the Board:
1. Adopt Resolution No. 2026-7-1, certifying the Recirculated Final Program Environmental
Impact Report for the Chino Basin Program, adopting the Mitigation Monitoring and Reporting
Program, adopting the Facts and Findings, adopting the Statement of Overriding
Considerations; and
2. Authorize the filing of the Notice of Determination with the County Clerk and the State
Clearinghouse, Office of Land Use and Climate Innovation.

B.

ADOPT RESOLUTION NO. 2026-7-2, CERTIFYING FINAL SUPPLEMENTAL ENVIRONMENTAL IMPACT
REPORT FOR PULSE FLOWS COMPONENT OF WATER STORAGE INVESTMENT PROGRAM
GROUNDWATER PROJECTS PREPARED BY DEPARTMENT OF WATER RESOURCES
Staff recommends that the Board:
1. Adopt Resolution No. 2026-7-2, certifying the Final Supplemental Environmental Impact
Report for the Pulse Flows Component of the Water Storage Investment Program
Groundwater Projects and adopting the Mitigation Monitoring and Reporting Program
associated therewith; and
2. Authorize the filing of the Notice of Determination with the County Clerk and the State
Clearinghouse, Office of Land Use and Climate Innovation.

C.

CALIFORNIA SPECIAL DISTRICTS ASSOCIATION BOARD OF DIRECTORS ELECTION FOR SEAT C,
SOUTHERN NETWORK
Staff recommends that the Board determine the Agency's vote for the California Special Districts
Association 2026 Board of Directors' election for Seat C, Southern Network, by selecting one
candidate.

D.

ADOPT RESOLUTION NO. 2026-7-3, EXPRESSING INTENT TO PARTICIPATE AS MEMBER OF SAN
BERNARDINO WATER AND POWER AUTHORITY

https://granicus_production_attachments.s3.amazonaws.com/ieua/898213c5b8a7ef2bc2553bffdabbe0ee0.html

3/6

7/22/26, 4:04 PM

Board Agenda

Staff recommends that the Board:
1. Adopt Resolution No. 2026-7-3, expressing intent to participate as a member of the San
Bernardino Water & Power Authority; and
2. Authorize the General Manager, or designee, to conduct all negotiations required to finalize
terms and conditions of participation.

3.

E.

RATIFY PURCHASE OF AGENCYWIDE INSURANCE FOR FISCAL YEAR 2026/27 (FINANCE & ADMIN)
Staff recommends that the Board ratify the purchase of the following agencywide insurance policies
providing coverage through Fiscal Year 2026/27 for the following amounts:
a. Excess Liability insurance in the amount of $1,171,423;
b. Property, Boiler and Machinery insurance in the amount of $1,043,770; and
c. Excess Workers’ Compensation insurance in the amount of $138,764.

F.

AWARD MASTER SERVICES CONTRACTS FOR PROJECT CONTROLS SERVICES (ENG/OPS/WR)
Staff recommends that the Board:
1. Award master services contracts to 4Liberty, Inc, CAPO Projects Group, LLC, CPM Partners,
Inc., E2 Consulting Engineers, Inc., KRD Management Consulting, LLC, MARRS Services, Inc.,
and Quest Project Controls, Inc. dba CM Solutions, for Project Controls Services, for a threeyear period, with the option of four one-year extensions, for a total potential contract term of
seven years, for an aggregate not-to-exceed amount of $7,000,000; and
2. Authorize the General Manager to execute the contracts, subject to non-substantive changes.

G.

AWARD MASTER SERVICES CONTRACTS FOR EMERGENCY AND SMALL CONSTRUCTION PROJECTS
(ENG/OPS/WR)
Staff recommends that the Board:
1. Award master services contracts to AME Builders, Inc. dba AME Roofing, BCM Group, Inc., Big
Sky Electric, Inc., Gentry General Engineering, Inc., Giles Engineering, Hardy & Harper, Inc.,
Kingmen Construction, Inc., Mackone Development, Inc., Metrocell Construction, Inc., Mladen
Buntich Construction Company, Inc., Murray Plumbing and Heating Corp dba Murray
Company, Norstar Plumbing and Engineering, Inc., SCW Contracting Corporation, SRK
Engineering, Inc., Structural Preservation Systems, LLC, T.E. Roberts, Inc., and Vicon Enterprise
Incorporated for emergency construction projects, for a four-year period, with the option of
three one-year extensions, for a total potential contract term of seven years;
2. Award master services contracts to Allison Mechanical, Inc., AME Builders, Inc. dba AME
Roofing, Athena Engineering, Inc., BCM Group, Inc., Big Sky Electric, Inc., Exbon Development,
Inc., J.R. Filanc Construction Company, Inc., Gentry General Engineering, Inc., Giles
Engineering, GSE Construction Company, Inc., Kingmen Construction, Inc., Mackone
Development, Inc., Metrocell Construction, Inc., Mladen Buntich Construction Company, Inc.,
Murray Plumbing and Heating Corp dba Murray Company, Norstar Plumbing and Engineering,
Inc., Schuler Constructors, Inc., SCW Contracting Corporation, SRK Engineering, Inc., T.E.
Roberts, Inc., Tharsos, Inc., and Vicon Enterprise Incorporated for small construction projects,
for a four-year period, with the option of three one-year extensions, for a total potential
contract term of seven years, for an aggregate not-to-exceed amount of $15,000,000; and
3. Authorize the General Manager to execute the contracts, subject to non-substantive changes.

INFORMATION ITEM
A.

4.

CHINO BASIN PROGRAM UPDATE (POWERPOINT)

RECEIVE AND FILE INFORMATION ITEMS

https://granicus_production_attachments.s3.amazonaws.com/ieua/898213c5b8a7ef2bc2553bffdabbe0ee0.html

4/6

7/22/26, 4:04 PM

5.

6.

A.

ANNUAL REPORT OF PRADO BASIN HABITAT SUSTAINABILITY PROGRAM FOR WATER YEAR 2025
(WRITTEN)

B.

FEDERAL LEGISLATIVE REPORT FROM CARPI AND CLAY (WRITTEN) (COMMUNITY & LEG)

C.

STATE LEGISLATIVE REPORT AND MATRIX FROM WEST COAST ADVISORS (WRITTEN) (COMMUNITY
& LEG)

D.

PUBLIC OUTREACH AND COMMUNICATION (WRITTEN) (COMMUNITY & LEG)

E.

REGIONAL WATER USE EFFICIENCY BUSINESS PLAN FOR FISCAL YEARS 2026/27 AND 2027/28
(WRITTEN/POWERPOINT) (ENG/OPS/WR)

F.

RP-5 EXPANSION PROJECT UPDATE JULY 2026 (POWERPOINT) (ENG/OPS/WR)

G.

RP-1 SOLIDS THICKENING PROJECT UPDATE JULY 2026 (POWERPOINT) (ENG/OPS/WR)

H.

TREASURER'S REPORT OF FINANCIAL AFFAIRS (WRITTEN/POWERPOINT) (FINANCE & ADMIN)

AGENCY REPRESENTATIVES’ REPORTS
A.

SANTA ANA WATERSHED PROJECT AUTHORITY REPORT (WRITTEN)
July 7, 2026 Santa Ana Watershed Project Authority (SAWPA) Commission Meeting.

B.

METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA REPORT (WRITTEN)
June 23, 2026 Special Metropolitan Water District of Southern California (MWD) Joint Executive and
Board Meeting and July 14, 2026 MWD Board Meeting.

C.

REGIONAL SEWERAGE PROGRAM POLICY COMMITTEE REPORT
The next Regional Sewerage Program Policy Committee Meeting is scheduled for
6, 2026.

D.

CHINO BASIN WATERMASTER REPORT (WRITTEN)
June 25, 2026 Chino Basin Watermaster Board Meeting.

E.

CHINO BASIN DESALTER AUTHORITY REPORT
The next Chino Basin Desalter Authority Board is scheduled for August 6, 2026.

F.

INLAND EMPIRE REGIONAL COMPOSTING AUTHORITY REPORT
The next Inland Empire Regional Composting Authority Board meeting is scheduled for August 3,
2026.

August

GENERAL MANAGER’S REPORT
A.

7.

Board Agenda

GENERAL MANAGER'S REPORT (WRITTEN)

BOARD OF DIRECTORS’ REQUESTED FUTURE AGENDA ITEMS

https://granicus_production_attachments.s3.amazonaws.com/ieua/898213c5b8a7ef2bc2553bffdabbe0ee0.html

5/6

7/22/26, 4:04 PM

Board Agenda

8.

DIRECTORS' COMMENTS

9.

CLOSED SESSION
A.

PURSUANT TO GOVERNMENT CODE SECTION 54956.9(D)(2) - CONFERENCE WITH LEGAL COUNSEL
- ANTICIPATED LITIGATION
One Case

B.

PURSUANT TO GOVERNMENT CODE SECTION 54956.9(E)(3) - CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION
One Case

ADJOURN
Declaration of Posting
I, Denise Garzaro, CMC, Director of Board and Administrative Services of the Inland Empire Utilities Agency*, a
Municipal Water District, hereby certify that, per Government Code Section 54954.2, a copy of this agenda has been
posted at the Agency’s main office, 6075 Kimball Avenue, Building A, Chino, CA and on the Agency’s website at
www.ieua.org at least seventy-two (72) hours prior to the meeting date and time above.
In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting,
please contact the Recording Secretary at (909) 993-1736 or [email protected], 48 hours prior to the
scheduled meeting so that IEUA can make reasonable arrangements to ensure accessibility.

https://granicus_production_attachments.s3.amazonaws.com/ieua/898213c5b8a7ef2bc2553bffdabbe0ee0.html

6/6

MINUTES OF A REGULAR MEETING OF THE
CUCAMONGA VALLEY WATER DISTRICT
BOARD OF DIRECTORS
July 14, 2026
A regular meeting of the Cucamonga Valley Water District Board of Directors was
called to order at 5:00 p.m. by President Reed. He led the Pledge of Allegiance.
In Attendance:
Board
Randall James Reed, President
James V. Curatalo, Jr., Vice President
Mark Gibboney, Director
Kevin Kenley, Director
Jimmie Moffatt, Director
Staff

John Bosler, General Manager/CEO
Jeff Ferre, BB&K, Legal Counsel
Manuel Ascencion, Information Tech Specialist
Chad Brantley, CFO/Director of Finance
Jason Cary, Information Helpdesk Specialist
Frank Chu, Information Technology Manager
Cindy Cisneros, Deputy Director of Executive Services
Amanda Coker, Deputy Director of Engineering
Eduardo Espinoza, Assistant General Manager
Jennifer Fillinger, Finance Manager
Eric Grubb, Government Affairs Manager
Robert Kalarsarinis, Operations Manager (Fleet, Facilities & Procurement)
Mike Maestas, Deputy Director of Operations
Tiffany Nguyen, Deputy Director of Human Resources & Risk Mgmt.
Citlalli Ochoa, Assistant Engineer
Timothy Romero, Facilities Maintenance Specialist
Linda Sanchez, Administrative Assistant II
Jiwon Seung, Assistant Engineer
Christian Stevenson, Senior Associate Engineer
Edgar Trenado, Information Technology Manager
Tuan Truong, Engineering Manager
Robbie Victorino, Safety Analyst
Taya Victorino, Executive Services Administrator/District Clerk

Guests

Dr. Jennifer Alford, Director of CSUSB Institute for Watershed Resiliency
Benjamin Fejzic
Agnes Gibboney
Maria Mendoza Gutierrez
Seth Zielke
Mollie Zielke

CALL TO ORDER
5:00 p.m.

Minutes – Regular Board Meeting of July 14, 2026
Page 2 of 3

ADDITIONS/DELETIONS TO THE AGENDA
None.

ADDITIONS/
DELETIONS

PUBLIC COMMENT
None.

PUBLIC COMMENT

GENERAL MANAGER/CEO REPORTS
A) District Updates
Mr. John Bosler, General Manager/CEO, reported the following:
• The District recently hired the following employees: Edgar Trenado as the
Information Technology Manager, and Tim Romero as a Facilities Maintenance
Specialist.
The Board collectively welcomed Edgar and Tim and wished them success on their
careers at the District.

GENERAL
MANAGER/CEO
REPORTS

PRESENTATIONS
A) Institute for Watershed Resiliency (IWR) Partnership Update
Dr. Jennifer Alford, gave a PowerPoint presentation highlighting the IWR’s
programs and how the District’s sponsorship and partnership have helped advance
their programs and education for participating students.

PRESENTATION

The Board collectively thanked Dr. Alford for the update and for IWR’s continued
partnership and support of students in the water resource field.
CONSENT CALENDAR
A)
Approve Minutes of the June 23, 2026 Regular Board Meeting.
B)
Approve Minutes of the June 25, 2026 Special Board Meeting.
C)
Approve Board Calendar of Events.
D)
Receive and File the May 2026 Water Production Report.
E)
Approve Cash Disbursements for the month ending June 30, 2026.
F)
Receive and File the Financial Results Report for month ending
April 30, 2026.
G)
Adopt the following resolutions for 11280 Jersey LLC sewer line improvements:
• Resolution No. 2026-7-1 accepting a Grant of Easement for sewer
purposes for 11280 Jersey Boulevard
• Resolution No. 2026-7-2 approving the Quitclaim for the existing
easement for 11280 Jersey Boulevard
H)
Adopt Resolution No. 2026-7-3 accepting a Grant of Easement for water
purposes on Richland Tract Map No. 16072-3.
On a motion by Director Kenley, and seconded by Director Gibboney to
approve the Consent Calendar as submitted. Passed 5-0.

CONSENT
CALENDAR
PASSED 5-0

Minutes – Regular Board Meeting of July 14, 2026
Page 3 of 3

BOARD COMMITTEE REPORT
A) May 21, 2026 Government & public Affairs Committee
Director Kenley reported the notes accurately reflect what occurred at the
meeting.
B) June 16, 2026 Water Resources Committee
Vice President Curatalo reported the notes accurately reflect what occurred at
the meeting.
C) June 18, 2026 Government & Public Affairs Committee
Director Kenley reported the notes accurately reflect what occurred at the
meeting.
BOARD MEMBER REPORTS

BOARD MEMBER
REPORTS

Director Kenley
• Nothing additional to report at this time.
Director Gibboney
• Nothing additional to report at this time.
Director Moffatt
• Expressed his gratitude to the Public Affairs team and staff that helped coordinate
and work the Treatment Plant Tour on June 25. It is always a great event and the
attendee turn out was amazing.
Vice President Curatalo
• Nothing additional to report at this time.
President Reed
• Nothing additional to report at this time.
ADJOURNMENT
There being no further business to come before the Board, President Reed adjourned
the at 5:14 p.m.

ATTEST:

________________________
Randall James Reed
President

____________________________
John Bosler
Secretary/General Manager

ADJOURNED
AT 5:14 p.m.

BOARD OF DIRECTORS CALENDAR OF EVENTS
DATE OF
EVENT
2026
July 23

EVENT DETAILS
CBWM Board Meeting
Rancho Cucamonga, CA / Virtual

CURATALO

GIBBONEY

KENLEY

MOFFATT

REED Page
BOSLER*
1 of 4
(Last Revised 07-22-26)

Yes
Appr
June 9

Yes
Appr
June 9

Yes
Appr
June 9

Yes
Appr
June 9

Yes
Appr
June 9

Yes

Yes

July 30

IEUA Sewer Technical Committee
Virtual
CANCELED

Yes
Appr
June 23

Yes
Appr
June 23

July 30

RC Chamber Office Grand Opening
Rancho Cucamonga, CA

Yes
Appr
July 14

Yes
Appr
June 9

August 5

IEUA Board Meeting
Chino, CA / Virtual

August 6

IEUA Regional Sewer Policy Cmte
Chino, CA / Virtual

August 13

CBWM Appropriative Pool Mtg
Rancho Cucamonga, CA / Virtual

August 13

Fontana Chamber Member Luncheon
Fontana, CA

Yes
Appr
July 14

Yes
Appr
July 14

Yes
Appr
July 14

Yes
Appr
July 14

Yes
Appr
July 14
Yes
Appr
July 14

* For scheduling and Board information purposes only
(Please note all Committee and Board Meetings are not listed on the Calendar of Events)

Yes
Appr
July 14

Yes
Appr
July 14

Yes
Appr
July 14

Yes
Appr
July 14

Yes

Yes
Appr
July 14

Yes

Yes
Appr
July 14

Yes

No

BOARD OF DIRECTORS CALENDAR OF EVENTS

DATE OF
EVENT
2026
August 13

EVENT DETAILS

CURATALO

GIBBONEY

KENLEY

MOFFATT

Page 2 of 4
(Last Revised 07-22-26)
REED
BOSLER*

CVWD Landscape Workshop
Rancho Cucamonga, CA

August 14

BIA Southern CA Water Conference
Ontario, CA

No

August 17

ASBCSD Dinner
TBD

August 19

IEUA Board Meeting
Chino, CA / Virtual

Yes
Appr
July 14

Yes
Appr
July 14

August 20

CBWM Advisory Committee
Rancho Cucamonga, CA / Virtual

Yes
Appr
July 14

Yes
Appr
July 14

August 20

ACWA Agriculture/ACWA Energy Cmtes
Virtual

August 20

Supervisor Armendarez Open House
Rancho Cucamonga, CA

* For scheduling and Board information purposes only
(Please note all Committee and Board Meetings are not listed on the Calendar of Events)

Yes
Appr
July 14

Yes
Appr
July 14

Yes
Appr
July 14

Yes
Appr
July 14

Yes
Appr
July 14

Yes

Yes
Appr
July 14

Yes
Appr
July 14

Yes
Appr
July 14

Yes

Yes
Appr
July 14

Yes
Appr
July 14
Yes

BOARD OF DIRECTORS CALENDAR OF EVENTS

DATE OF
EVENT
2026
August 20

EVENT DETAILS

CURATALO

GIBBONEY

JSCD 70th Anniversary Event
Corona, CA

August 26

CBP Ad Hoc Meeting
TBD

August 27

CBWM Board Meeting
Rancho Cucamonga, CA / Virtual

August 27

IEUA Regional Sewer Technical Cmte
Virtual

KENLEY

MOFFATT

Page 3 of 4
(Last Revised 07-22-26)
REED
BOSLER*

Yes

Yes
Appr
July 14

* For scheduling and Board information purposes only
(Please note all Committee and Board Meetings are not listed on the Calendar of Events)

Yes
Appr
July 14

Yes
Appr
July 14
Yes
Appr
July 14

Yes

Yes
Appr
July 14

Yes
Appr
July 14

Yes

Yes
Appr
July 14

Yes

Yes
Appr
July 14

Yes

BOARD OF DIRECTORS CALENDAR OF EVENTS
Page 4 of 4
(Last Revised 07-22-26)

POST EVENT APPROVAL (BOARD CALENDAR OF EVENTS)
DATE OF
EVENT
2026
July 6

EVENT DETAILS

CURATALO

GIBBONEY

KENLEY

MOFFATT

REED

BOSLER*

Meeting re District Matters
Teleconference

Yes

Yes

Yes

July 13

Meeting re District Matters
Teleconference

Yes

Yes

Yes

July 21

Meeting re District Matters
Teleconference

Yes

Yes

UPCOMING DISTRICT & COMMUNITY EVENTS
09/07/2026
11/04//2026
11/06/2026
11/11/2026
11/26/2026
12/01 to 12/03/26
12/24/2026
12/31/2026

Office Closed for Labor Day
Water Savvy Landscape Workshop
RC Chamber Vintners Celebration
Office Closed for Veterans Day
Office Closed for Thanksgiving
ACWA Fall Conference (Anaheim)
Office Closed in Observance of Christmas Day
Office Closed in Observance of New Years Day

* For scheduling and Board information purposes only
(Please note all Committee and Board Meetings are not listed on the Calendar of Events)

STAFF REPORT
Date: July 28, 2026
To:
From:
Agenda Title:

Board of Directors
John Bosler, General Manager/CEO
Cash and Investment Report – June 30, 2026

Purpose
Government Code section 53646 states that the treasurer or chief fiscal officer may render
to the legislative body of the local agency a statement of investments on a quarterly basis. The
District adopted a stricter standard of reporting on a monthly basis in its Investment Policy
which demonstrates the commitment to provide timely and transparent financial reporting.
Background/Analysis
The total unrestricted cash balance of $50,069,768 (LAIF, CAMP, & Cash), indicated in the
report is sufficient to meet CVWD’s estimated expenditure requirements for the next six
months. The book value (at historical cost) of unrestricted cash and investments is
$124,812,588 of which $20,519,647 is the amount owed to the Inland Empire Utilities Agency
for Sewer Capital Capacity Fees collected from developers on their behalf.
The market value of non-cash investments held in the portfolio is subject to fluctuations due
to changing market conditions. The District expects to hold investments to maturity which
means these market gains or losses will not be realized due to an early sale. All investment
activity for the period and the entire investment portfolio complies, in all aspects, with
CVWD’s Investment Policy as approved by the Board of Directors on January 13, 2026.
Alignment with Strategic Goals
Providing a detailed monthly Investment Report supports the District’s values of
Accountability and Communication by providing financial transparency of the performance
and amount of the investments held.
Fiscal Impact
None
Recommendation
Staff recommends the Board of Directors approve the Investment Report as presented.
Attachment:

Cash and Investment Report, June 30, 2026

Submitted by: Chad Brantley, CFO / Director of Finance
Prepared By: Brandon Koh, Accountant II

Investment Report
As of June 30, 2026

Summary of Portfolio Assets

Par
Value

Book
Value

Cash & Equivalents
Checking Accounts
$
Sweep Account
Money Market Account
Local Agency Investment Fund
Joint Powers Authority Pool- CAMP
Total Cash & Equivalents: $

162,763 $
7,982,545
3,846,876
651,829
37,425,755
50,069,768 $

162,763 $
162,763
7,982,545
7,982,545
3,846,876
3,846,876
651,829
651,829
37,425,755
37,425,755
50,069,768 $ 50,069,768

0.1%
6.4%
3.1%
0.5%
30.0%
40.1%

0.0%
3.5%
3.3%
3.8%
3.8%

Investments:
Corporate Medium Term Notes
Federal Agencies
U.S. Treasuries
Total Investments: $

24,860,000
2,855,000
47,935,000
75,650,000 $

24,632,494
24,787,030
2,861,430
2,809,193
47,248,896
47,249,530
74,742,820 $ 74,845,753

19.7%
2.3%
37.9%
59.9%

4.1%
4.0%
4.0%

Total Cash & Investments $ 125,719,768 $ 124,812,588 $ 124,915,521

100.0%

3.9%

Category

As of June 30, 2026

Market
Value

% of Portfolio Yield-to(Book)
Maturity

2

Portfolio Allocation

As of June 30, 2026

3

Portfolio Credit Quality Breakdown

AA+

AA

AA-

A+

A

A-

BBB+

68.4%

4.0%

4.7%

6.5%

11.2%

3.3%

1.9%

S&P Credit Ratings

As of June 30, 2026

4

Maturity Schedule
$60,000,000

*Par Values
$50,000,000

$40,000,000

$30,000,000

$20,000,000

$10,000,000

$Cash On Hand

Within Year
2026

Within Year
2027

Within Year
2028

Within Year
2029

Within Year
2030

Within Year
2031

Weighted Average Maturity (WAM):
1,089.79 days or 2.99 years
As of June 30, 2026

5

Supplemental
Information

As of June 30, 2026

6

Yields

Current Yields
CVWD
3.9%
As of June 30, 2026

1 Yr. UST 2 Yr. UST 3 Yr. UST 5 Yr. UST
3.7%

3.9%

4.1%

3.5%
7

Interest Income: Budget v. Actuals
Prorated Budget

5,000,000

Annual Budget

Actual
$4,697,296

4,500,000

4,000,000

$3,792,971

3,500,000

3,000,000

$2,821,092

2,500,000

2,000,000

$2,000,680
$1,792,291

$3,792,971

$1,876,204
1,500,000

1,000,000

$2,000,680

$1,792,291

500,000

Cash & Equivalents

Bonds

Totals

*Actual includes $458,519 in amortized bond premiums/discounts

As of June 30, 2026

8

InvestmentType Balance vs. Policy Limits
$140,000,000
CVWD Policy Limit
Book Value

$124,649,825

$124,649,825

$124,649,825

Federal Agencies

U.S. Treasuries

$120,000,000

$100,000,000

$80,000,000

$75,000,000

$60,000,000

$37,394,948

$40,000,000
$24,929,965
$20,000,000

$Sweep & Money Market Joint Powers Authority Pools

As of June 30, 2026

LAIF

Corporate Medium Term
Notes

9

Transactions &
Holdings

As of June 30, 2026

10

Cucamonga Valley Water

General Fund - Unrestricted
Portfolio Management
Portfolio Summary
June 30, 2026

Par
Value

Investments
Checking Account

Market
Value

Book
Value

% of
Portfolio

Days to
Mat./Call

YTM

Term

162,763.00

162,763.00

162,763.00

0.13

1

1

0.000

Money Market Account

11,829,420.93

11,829,420.93

11,829,420.93

9.50

1

1

3.432

Joint Powers Authority Pool

37,425,754.69

37,425,754.69

37,425,754.69

30.04

1

1

3.770

651,829.25

651,829.25

651,829.25

0.52

1

1

3.816

Medium Term Notes

24,860,000.00

24,787,030.20

24,835,785.02

19.94

1,731

860

4.055

Federal Agency Bullets

2,855,000.00

2,809,193.00

2,072,412.72

1.66

1,800

1,653

4.027

Treasury Coupon Securities

47,935,000.00

47,249,530.05

47,595,282.41

38.21

1,658

1,127

4.023

125,719,767.87

124,915,521.12

124,573,248.02

100.00%

1,009

630

3.891

Local Agency Investment Funds

Investments
Total Earnings
Current Year

June 30 Month Ending
410,689.36

__________________________________________________
Chad Brantley CFO, Director of Finance

7/20/2026
____________________

Reporting period 06/01/2026-06/30/2026
Data Updated: FUNDSNAP: 07/06/2026 13:29
Run Date: 07/06/2026 - 13:29

No fiscal year history available

Portfolio GEN2
NL! AP
PM (PRF_PM1) 7.2.5
Report Ver. 7.3.1

General Fund - Unrestricted
Portfolio Management

Page 1

Portfolio Details - Investments
June 30, 2026
CUSIP

Investment #

Purchase
Date

Issuer

Stated
Rate

YTM
360

YTM Days to
365 Mat./Call

Par Value

Market Value

Book Value

162,763.00

162,763.00

162,763.00

0.000

0.000

1

162,763.00

162,763.00

162,763.00

0.000

0.000

1

3,846,875.85
7,982,545.08

3,846,875.85
7,982,545.08

3,846,875.85
7,982,545.08

3.215
3.467

3.260
3.516

1
1

11,829,420.93

11,829,420.93

11,829,420.93

3.385

3.432

1

37,425,754.69

37,425,754.69

37,425,754.69

3.718

3.770

1

37,425,754.69

37,425,754.69

37,425,754.69

3.718

3.770

1

651,829.25

651,829.25

651,829.25

3.764

3.816

1

651,829.25

651,829.25

651,829.25

3.764

3.816

1

500,000.00
1,000,000.00
500,000.00
500,000.00
500,000.00
500,000.00
1,000,000.00
500,000.00
500,000.00
1,000,000.00
500,000.00
500,000.00
500,000.00
1,000,000.00
1,000,000.00
960,000.00
500,000.00
500,000.00
1,000,000.00
500,000.00
1,000,000.00

504,885.00
982,580.00
492,330.00
492,330.00
495,705.00
504,960.00
987,980.00
499,760.00
471,650.00
1,012,140.00
505,310.00
495,320.00
487,945.00
995,310.00
994,770.00
969,571.20
498,700.00
495,215.00
979,510.00
504,725.00
1,021,910.00

496,797.49
1,002,592.77
497,490.20
494,643.78
499,926.38
496,482.06
1,000,137.96
503,593.42
480,761.22
1,011,439.62
498,299.77
485,748.75
487,551.26
996,089.23
1,001,141.72
972,112.22
493,658.88
498,345.84
989,603.59
497,245.18
1,020,595.88

4.996
3.982
4.310
4.443
1.672
4.927
1.996
4.195
4.050
4.316
4.926
5.430
4.403
4.254
4.102
4.785
4.959
3.287
3.016
5.199
4.761

5.065
4.037
4.370
4.505
1.695
4.995
2.024
4.253
4.106
4.376
4.994
5.505
4.464
4.314
4.159
4.851
5.028
3.333
3.058
5.271
4.827

Maturity
Date

Checking Account
WELLS CHECKING

10111

Wells Fargo Co
Subtotal and Average

Money Market Account
82525287S
WELLS SWEEP

10344
10112

Invesco Stit Govt & Agency
Wells Fargo Co
Subtotal and Average

3.260
3.516

Joint Powers Authority Pool
PFM CAMP

10113

PFM
Subtotal and Average

3.770

Local Agency Investment Funds
LAIF GENERAL

10007

Local Agency Investment Fund
Subtotal and Average

3.816

Medium Term Notes
00724PAF6
02079KBK2
023135DD5
023135DD5
025816CM9
09290DAA9
06406RBA4
06051GMT3
06051GHX0
14913UAJ9
17275RBR2
172967LW9
191216CU2
194162AT0
532457CQ9
38141GC93
427866BH0
437076CN0
438516CE4
24422EWV7
46647PEG7

10626
10691
10708
10709
10512
10629
10515
10666
10671
10655
10628
10627
10601
10657
10641
10713
10617
10521
10517
10616
10654

ADOBE INC
ALPHABET INC
Amazon.com Inc
Amazon.com Inc
American Express Credit Corp
BLACKROCK FUNDING INC
Bank of New York Mellon
Bank of America
Bank of America
Caterpillar Finl Service
Cisco Sys Inc
CIT Bank
Coca-Cola Co
Colgate Palmolive
ELI LILLY & CO
Goldman Sachs Bank
Hershey Co
Home Depot Inc
Honeywell International
John Deere Capital Corp
JPMorgan Chase Bank NA

04/18/2024
02/18/2026
03/13/2026
05/14/2026
12/03/2021
05/06/2024
01/28/2022
08/13/2025
10/23/2025
05/19/2025
05/06/2024
05/06/2024
02/17/2023
05/19/2025
08/14/2024
05/29/2026
11/06/2023
04/20/2022
03/17/2022
11/06/2023
05/16/2025

4.800
4.100
4.250
4.250
1.650
4.700
2.050
4.623
2.884
4.850
4.850
4.075
1.450
4.200
4.200
5.218
4.250
2.875
1.100
4.900
5.581

1,008 04/04/2029
1,690 02/15/2031
1,688 03/13/2031
1,688 03/13/2031
126 11/04/2026
959 03/14/2029
209 01/26/2027
678 05/09/2029
1,209 10/22/2030
972 02/27/2029
940 02/26/2029
662 04/23/2029
335 06/01/2027
1,400 05/01/2030
1,109 08/14/2029
1,757 04/23/2031
643 05/04/2028
257 04/15/2027
243 03/01/2027
611 03/03/2028
1,391 04/22/2030

Data Updated: FUNDSNAP: 07/06/2026 13:29

Portfolio GEN2
NL! AP

Run Date: 07/06/2026 - 13:29

PM (PRF_PM2) 7.2.5

Report Ver. 7.3.1

General Fund - Unrestricted
Portfolio Management

Page 2

Portfolio Details - Investments
June 30, 2026
CUSIP

Investment #

Issuer

Purchase
Date

Par Value

Market Value

Book Value

Stated
Rate

YTM
360

YTM Days to
365 Mat./Call

02/17/2023
11/06/2023
08/15/2024
05/16/2025
06/23/2022
05/25/2022
05/20/2025
05/19/2025
01/26/2022
05/15/2024
11/06/2023
10/23/2025
09/23/2021

500,000.00
500,000.00
1,500,000.00
1,000,000.00
500,000.00
500,000.00
1,000,000.00
1,000,000.00
1,000,000.00
500,000.00
500,000.00
900,000.00
1,000,000.00

488,605.00
498,545.00
1,496,670.00
1,009,010.00
494,660.00
499,045.00
1,004,170.00
1,026,100.00
988,320.00
503,465.00
502,405.00
889,479.00
993,950.00

487,834.86
491,932.35
1,502,313.57
1,008,370.98
496,290.12
501,172.82
1,001,437.86
1,028,559.43
1,000,389.30
497,254.47
495,682.74
900,163.90
1,000,125.40

1.700
4.050
4.300
5.173
2.750
4.000
4.700
5.684
1.950
4.600
4.625
4.136
1.050

4.513
4.952
4.186
4.773
3.805
3.643
4.594
4.439
1.848
4.771
5.187
4.073
0.974

4.576
5.021
4.244
4.839
3.858
3.694
4.658
4.501
1.873
4.837
5.259
4.130
0.988

24,860,000.00

24,787,030.20

24,835,785.02

3.999

4.055

1,000,000.00
855,000.00
1,000,000.00

986,610.00
845,253.00
977,330.00

214,819.85
858,019.55
999,573.32

3.997
4.077
3.877

4.053
4.133
3.931

1,577 11/01/2030
1,645 01/01/2031
1,676 02/01/2031

2,855,000.00

2,809,193.00

2,072,412.72

3.972

4.027

1,653

1,200,000.00
1,200,000.00
2,000,000.00
1,000,000.00
2,650,000.00
3,000,000.00
1,000,000.00
1,000,000.00
1,475,000.00
2,500,000.00
3,750,000.00
3,750,000.00
500,000.00
2,500,000.00
500,000.00
2,275,000.00

1,189,932.00
1,199,676.00
1,970,700.00
1,015,390.00
2,581,047.00
2,997,900.00
998,830.00
1,000,530.00
1,468,657.50
2,389,450.00
3,634,275.00
3,716,025.00
477,890.00
2,499,650.00
498,455.00
2,258,460.75

1,190,393.65
1,200,215.40
1,964,570.48
1,004,539.50
2,570,273.76
2,996,881.45
990,795.38
999,404.61
1,453,930.35
2,423,537.10
3,699,779.49
3,781,587.97
476,474.37
2,498,054.64
498,206.28
2,289,233.21

4.078
4.052
4.492
4.591
4.400
4.123
4.439
4.820
4.557
3.669
3.540
3.540
4.267
4.177
4.136
3.777

4.135
4.108
4.555
4.655
4.461
4.180
4.501
4.887
4.620
3.720
3.589
3.590
4.327
4.235
4.193
3.830

364 06/30/2027
456 09/30/2027
395 07/31/2027
853 10/31/2028
776 08/15/2028
761 07/31/2028
1,004 03/31/2029
45 08/15/2026
945 01/31/2029
1,126 07/31/2029
1,157 08/31/2029
1,187 09/30/2029
1,126 07/31/2029
61 08/31/2026
730 06/30/2028
1,491 07/31/2030

Maturity
Date

Medium Term Notes
58933YBC8
58933YBH7
30303M8S4
61747YFK6
654106AJ2
665859AW4
637639AQ8
857477CF8
87612EBM7
882508CG7
89236TKQ7
89788JAH2
931142ER0

10602
10618
10643
10652
10544
10522
10663
10656
10514
10632
10664
10674
10507

Merck & Co. Inc.
Merck & Co. Inc.
META PLATFORMS INC.
Morgan Stanley
Nike Inc
Northern Trust Corp
National Secs Clearing Corp
State Street Corp
Target Corp
TEXAS INSTRUMENTS INC
Toyota Motor Mtn
TRUIST BANK
Walmart
Subtotal and Average

313 06/10/2027
656 05/17/2028
1,110 08/15/2029
930 01/16/2030
269 03/27/2027
313 05/10/2027
1,389 05/20/2030
874 11/21/2029
198 01/15/2027
953 02/08/2029
560 01/12/2028
678 10/23/2029
47 09/17/2026
860

Federal Agency Bullets
3137HNWH7
3137HPUA9
3137HQDM0

10684
10705
10706

Federal Home Loan Mtg Corp
Federal Home Loan Mtg Corp
Federal Home Loan Mtg Corp

11/20/2025
01/29/2026
02/26/2026

Subtotal and Average

4.163
4.220
3.948

Treasury Coupon Securities
91282CEW7
91282CFM8
91282CFB2
91282CJF9
9128284V9
91282CHQ7
91282CKG5
91282CHU8
91282CJW2
91282CFC0
91282CFJ5
91282CFL0
91282CFC0
91282CLH2
91282CHK0
91282CHR5

10603
10604
10613
10619
10624
10625
10631
10633
10634
10642
10644
10645
10646
10649
10651
10667

U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury

02/16/2023
02/16/2023
09/12/2023
11/14/2023
11/15/2023
02/13/2024
05/15/2024
05/31/2024
05/03/2024
08/14/2024
10/04/2024
10/04/2024
11/13/2024
01/17/2025
02/06/2025
08/20/2025

3.250
4.125
2.750
4.875
2.875
4.125
4.125
4.375
4.000
2.625
3.125
3.875
2.625
3.750
4.000
4.000

Data Updated: FUNDSNAP: 07/06/2026 13:29

Portfolio GEN2
NL! AP

Run Date: 07/06/2026 - 13:29

PM (PRF_PM2) 7.2.5

General Fund - Unrestricted
Portfolio Management

Page 3

Portfolio Details - Investments
June 30, 2026
CUSIP

Investment #

Issuer

Purchase
Date

Par Value

Market Value

Book Value

Stated
Rate

YTM
360

YTM Days to
365 Mat./Call

U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury

08/20/2025
11/19/2025
01/22/2026
01/22/2026
02/18/2026
05/18/2026
05/28/2026
05/28/2026

2,385,000.00
2,500,000.00
3,000,000.00
3,000,000.00
1,250,000.00
1,000,000.00
2,250,000.00
2,250,000.00

2,347,269.30
2,444,925.00
2,944,110.00
2,932,260.00
1,226,412.50
985,630.00
2,230,492.50
2,241,562.50

2,379,274.02
2,493,087.52
2,988,252.67
2,975,627.49
1,256,468.78
985,974.83
2,233,805.29
2,244,914.17

3.750
3.625
3.750
3.625
3.750
3.875
4.000
4.125

3.764
3.645
3.793
3.778
3.576
4.142
4.116
4.120

3.817
3.696
3.846
3.831
3.625
4.199
4.173
4.177

1,430 05/31/2030
1,552 09/30/2030
1,644 12/31/2030
1,583 10/31/2030
1,675 01/31/2031
1,764 04/30/2031
1,675 01/31/2031
1,734 03/31/2031

Subtotal and Average

47,935,000.00

47,249,530.05

47,595,282.41

3.968

4.023

1,127

Total and Average

125,719,767.87

124,915,521.12

124,573,248.02

3.838

3.891

630

Maturity
Date

Treasury Coupon Securities
91282CHF1
91282CPA3
91282CJQ5
91282CPD7
91282CPW5
91282CQK0
91282CJX0
91282CKF7

10669
10675
10686
10687
10690
10710
10711
10712

Data Updated: FUNDSNAP: 07/06/2026 13:29

Portfolio GEN2
NL! AP

Run Date: 07/06/2026 - 13:29

PM (PRF_PM2) 7.2.5

Cucamonga Valley Water

GENERAL FUND UNRESTRICTED
Maturity Report
Sorted by Maturity Date
Amounts due during June 1, 2026 - June 30, 2026

CUSIP

Investment #

Fund

Sec.
Type Issuer

91282CCJ8
91282CCJ8

10504
10597

100
100

TRC USTR
TRC USTR

1,250,000.00 06/30/2026
2,000,000.00 06/30/2026

Total Maturities

3,250,000.00

Par Value

Maturity
Date

Purchase
Rate
Date at Maturity

Book Value
at Maturity

Interest

Maturity
Proceeds

Net
Income

07/02/2021
12/19/2022

1,250,000.00
2,000,000.00

5,468.75
8,750.00

1,255,468.75
2,008,750.00

5,468.75
8,750.00

3,250,000.00

14,218.75

3,264,218.75

14,218.75

0.875
0.875

Portfolio GEN2
AP
Run Date: 07/06/2026 - 13:17

MA (PRF_MA) 7.1.1
Report Ver. 7.3.1

Staff Report
To:
From:
Agenda Title:

Date: July 28, 2026
Board of Directors
John Bosler, General Manager/CEO
PARS Quarterly Investment Report – June 30, 2026

Purpose
The District’s Administrative Policy No. 1.6, PARS Investment requires that the Chief
Financial Officer provide a quarterly report of investments to the Board of Directors. This
report demonstrates the commitment to provide timely and transparent financial reporting.
Background/Analysis
The total portfolio market value as of June 30, 2026, is $9,771,289. This portfolio consists of
cash and cash equivalents of $165,549 and mutual fund holdings of $9,605,740. The total
market value of the portfolio holdings increased by $647,460 during the quarter ended June
30, 2026.
The Policy establishes asset allocations in order to achieve the greatest likelihood of meeting
the plan’s investment objectives and the best balance between risk and return. The following
table outlines the District’s holdings and the established target asset allocations:
Asset Classes
Cash Equivalent
Domestic Equity
International Equity
Other
Fixed Income

Asset Allocation
Range
0 – 20%
15 – 59%
1 – 25%
0 – 15%
33 – 60%

Asset Allocation
Target
2%
30%
15%
5%
48%

Actual Allocation
6/30/2026
1.69%
33.22%
17.67%
0.00%
47.42%

In the section titled “Reconciliation of Total Market Value Return”, the annualized total gain
for the twelve months ended June 30, 2026, is 13.5%. This section shows a calculation of the
portfolios annualized total return since the beginning of the fiscal year. The current yield
includes dividends and changes in market value. The annualized total return is a reflection of
a market value gain from July 2025 through June 2026. The annualized total return figure is
expected to be volatile; however, it is a way of quantifying the portfolio’s recent overall
performance.
Alignment with Strategic Goals
Providing a quarterly PARS Investment Report supports the District’s values of Accountability
and Communication by providing financial transparency of the performance and amount of
the investments held.

July 28, 2026
PARS Quarterly Investment Report – June 30, 2026
Page 2

Fiscal Impact
None
Recommendation
Staff recommends the Board of Directors approve the PARS Quarterly Investment Report as
presented.
Attachment:

PARS Quarterly Investment Report, June 30, 2026

Submitted by: Chad Brantley, CFO / Director of Finance
Prepared By: Vivian Pedroza, Accountant II

CUCAMONGA VALLEY WATER DISTRICT
Quarterly PARS Investment Report
For the Quarter Ended June 30, 2026

SUMMARY OF ASSETS
Book
Value
(historical cost)

Investments
Money Market Account
Equity Mutual Funds Other
Equity Mutual Funds International
Equity Mutual Funds Domestic

$

Fixed Income Mutual Funds
Total Cash and Investments $

Market
Value

Percent of
Portfolio
(market value)

Target
Allocation

Current
Yield

165,549 $
1,416,553
2,471,940

165,549
1,726,980
3,246,128

1.69%
0.00%
17.67%
33.22%

2.00%
5.00%
15.00%
30.00%

3.56%
0.00%
2.27%
1.99%

4,833,037

4,632,632

47.42%

48.00%

4.46%

9,771,289

100.00%

100.00%

8,887,079

$

Portfolio Effective Yield

3.24%

Portfolio Target Rate of Return

6.00%

Portfolio
Allocation
(Market Value)

Domestic
International
REIT

Money
Market

Fixed
Income

RECONCILIATION OF TOTAL MARKET VALUE RETURN
Market
Value
6/30/2025

Fiscal Year 2026
Twelve Months Ending 6/30/2026
Total Portfolio

$

Market
Value
6/30/2026

8,803,452 $

9,771,289 $

CURRENT QUARTER INVESTMENT INCOME
Month

Interest

Dividends

Income
April
May

$

June
Total Interest Earned

$

Adjustment for
Fees, Distributions
and Contributions

205 $

15,398

347
461

19,405
24,963

1,013 $

59,767

Adjusted Change
In Portfolio
Value

223,063 $

1,190,900

Annualized
Total
Return
13.5%

JULY 2026

GOVERNMENT &
PUBLIC AFFAIRS REPORT

GOVERNMENT & PUBLIC AFFAIRS REPORT:
JULY 2026
PAGE 1

SAVE THE DATE
Date

Activity

Location

Comments

July 30, 2026
August 27, 2026

RC Quakes Baseball:
Community Outreach
Booth

LoanMart
Field

CVWD will host a booth at the RC Quakes LoanMart
Field. Customers will receive information on CVWD’s
water efficiency programs and upcoming events.

August 4, 2026

National Night Out

Victoria
Gardens

CVWD will host a booth at the annual National
Night Out event organized by the City of Rancho
Cucamonga Police Department. Attendees will learn
about the District’s programs, available rebates, and
upcoming landscape workshop. The booth will also
feature promotional giveaways such as hose nozzles
and reusable bags.

August 20, 2026

County Supervisor
Jesse Armendarez Open
House

8575 Haven
Ave, RC
91730

CVWD will host a booth at the Open House for
Supervisor Armendarez. Customers in attendance will
receive information on the water quality report and
giveaways such as reusable bags and hose nozzles.

EVENT RECAP
Number of
Attendees
130

Date

Activity

Description

June 25, 2026

Water Treatment Plant
Tour

July 7-9, 2026
July 14-16, 2026

Water Ranger Summer
Camp

250

CVWD hosted a Water Ranger Summer Camp
offering local 1st-6th grade students an exciting
opportunity to learn about water through handson activities, interactive lessons, and behind-thescenes experiences. Campers explored topics like
water conservation, water treatment, environmental
stewardship, and the important role water plays in
our daily lives, all while having fun in an engaging and
educational setting.

July 8, 2026
July 15, 2026

Second Story and
Beyond

80

CVWD hosted Transitional Kindergarten (TK)
students from Alta Loma School District at the
Second Story and Beyond exhibit at the Paul Biane
Library. The interactive experience inspired creativity,
curiosity, and learning through hands-on exploration.

CVWD hosted a public tour of the Lloyd W. Michael
Water Treatment Plant. Attendees learned first-hand
the steps it takes to provide clean, safe, and reliable
water 24/7, 365 days a year.

GOVERNMENT & PUBLIC AFFAIRS REPORT:
JULY 2026
PAGE 2

SOCIAL MEDIA OVERVIEW
Summary from 6/1/2026 - 6/30/2026

NUMBER
POST
POST
O F P O S T S E N GAG E M E N T S I M P R E SS I O N S

NUMBER OF
F O L LO W E R S

Facebook

8

475

4,080

1,624

X (Twitter)

5

0

151

1,394

Instagram

8

237

8,033

2,352

Nextdoor

3

2

2,878

72,431

Engagements: The number of times people have engaged with posts through likes, comments, shares and more.
Impressions: The number of times users have seen our posts.

Facebook.com/CVWDwater
Instagram: @CVWDwater
X: @CVWDwater

SOCIAL MEDIA: TOP PERFORMING POSTS
*Photo from Instagram

*Photo from Facebook

GOVERNMENT & PUBLIC AFFAIRS REPORT:
JULY 2026
PAGE 3

2026 Legislative Calendar & Deadlines
August 3, 2026

Legislature reconvenes from Summer Recess

August 14, 2026

Last day for fiscal committees to meet and report bills

August 21, 2026

Last day to amend bills on the floor

August 31, 2026

Last day for each house to pass bills
Final Recess begins upon adjournment

September 30, 2026

Last day for Governor to sign or veto bills passed by the Legislature

GOVERNMENT & PUBLIC AFFAIRS REPORT:
JULY 2026
PAGE 4

FEDERAL LEGISLATIVE UPDATE AND GRID

Cucamonga Valley Water District
Federal Update
June 30, 2026

Fiscal Year 2027 Appropriations Update
The House continued advancing FY27 spending bills in June and is on track to have passed
all twelve appropriations bills by the July 4th Congressional recess. Over in the Senate,
movement on the FY27 appropriations has continued to stall as Chair Susan Collins (R-ME)
Collins and Ranking Member Patty Murray (D-WA) have not yet reached a bipartisan
agreement on overall spending levels.
FY27
Appropriations
Bill

House
Subcommittee
Allocation (in
Billions)

Agriculture–Rural
Development–FDA

$26.27

Commerce–
Justice–Science

$77.341

Defense
Energy–Water
Development
Financial Services–
General
Government

$25.298

House
Subcommittee
Markup

House Full
Committee
Markup

Passed on April
23 by a 10–7
vote
Passed on April
30 by an 8–6
vote
Passed on June
11 by a voice
vote
Passed on May
15 by a voice
vote

Passed on April
29 by a 35–25
vote
Passed on May
13 by a 32–28
vote
Passed on June
24 by a 34–27
vote
Passed on May
20 by a 34–25
vote
Passed on April
22 by a 34–28
vote
Passed on June
10 by a 34–27
vote
Passed on June
3 by a 35–27
vote
Passed on June
9 by a 34–28
vote

Passed on April
17 by a 9–6 vote

Homeland Security

Passed on June
5 by a voice
vote

Interior–
Environment

Passed on May
21 by a 7–5 vote

Labor–HHS–
Education

Passed on June
5 by an 11–7
vote

www.carpiclay.com

House Floor
Passed on
June 4 by a
213–210 vote

1

Legislative Branch

$7.3

Military
Construction–VA

$157

National Security–
State

$47.32

Transportation–
HUD

Passed on April
30 by a 5–4 vote
Passed on April
17 by a voice
vote
Passed on April
23 by an 8–5
vote
Passed on May
21 by a 7–5 vote

Passed on May
13 by a 34–28
vote
Passed on April
21 by a 58–0
vote
Passed on April
28 by a 35–27
vote
Passed on June
3 by a 34–27
vote

Passed on
May 15 by a
400–15 vote

LEGISLATIVE ACTIVITY
Rep. Gallagher Sworn In Following CA-1 Special Election. On June 10, former
Assemblymember James Gallagher (R-CA) was sworn in as a Member of the House of
Representatives following his victory in the special election to fill the seat vacated by the death
of Representative Doug LaMalfa in January. Rep. Gallagher’s addition brings the House to 431
members, with 218 Republicans, 212 Democrats, and one independent who caucuses with
Republicans.
Senate Committee Holds Hearing on OMB Nomination. On June 16, the Senate Budget
Committee held a hearing to consider the nomination of Hal Duncan, to be the Deputy Director
of the Office of Management and Budget (OMB). During the hearing, Senator Patty Murray (DWA) pressed Duncan on whether the proposed OMB grants rule contains any guardrails to
prevent cronyism or politically motivated grant terminations, warning that it could allow political
appointees to terminate awards based on a President’s personal or partisan preferences.
Senator Alex Padilla (D-CA) argued that the rule would expand agency authority to suspend or
terminate grants, elevate political appointees, and allow OMB to override congressional funding
decisions; Duncan responded that the changes are about accountability and ensuring
decisions are made by officials accountable to the President. Senator Chris Van Hollen (D-MD)
echoed concerns raised by Murray and others, saying the proposal would further politicize the
grantmaking process and is especially alarming in the context of this Administration’s broader
actions. Senator Mike Lee (R-UT) defended the proposal as a taxpayer-protection and antiwaste reform, and Duncan agreed, emphasizing political appointee review, restrictions on
funding DEI, illegal immigration, and “radical gender ideologies,” stronger fraud controls, and
an E-Verify requirement for grant recipients and subrecipients.
House Committee Releases WRDA 2026 Proposal. On June 26, House Transportation and
Infrastructure Committee Chairman Sam Graves (R-MO) and Ranking Member Rick Larsen
(D-WA) released the text of the Committee’s version of the Water Resources Development Act
(WRDA) of 2026 (H.R. 9497). The bill would authorize 10 Army Corps of Engineers construction
projects and 131 new feasibility studies for locally proposed water resources infrastructure. The
bill also includes policy changes aimed at streamlining project delivery, strengthening nonwww.carpiclay.com

2

federal partners’ ability to access Corps technical assistance and funding, and improving
accountability. The Committee is scheduled to mark up the bill on Wednesday, July 1. The
Senate Environment and Public Works Committee is working on a companion bill that has not
yet been released. Congress has enacted a WRDA every two years since 2014.

FEDERAL FUNDING OPPORTUNITIES
EPA Accepting Applications for Rural, Small, and Tribal Wastewater Technical
Assistance Grants. On June 17, the Environmental Protection Agency (EPA) announced the
availability of $25.5 million in grants for technical assistance providers that help small, rural,
and Tribal communities address wastewater infrastructure challenges and comply with the
Clean Water Act. The grants support engineering and design expertise, operational support,
workforce development, and financial management assistance for wastewater systems.
Applications are due August 14.
Reclamation Publishes WaterSMART Cooperative Watershed Management Program
NOFO. On June 10, the Bureau of Reclamation published a NOFO for the WaterSMART
Cooperative Watershed Management Program, making $25 million available for watershed
group development, restoration planning, and watershed management project planning and
design. Eligible applicants include existing watershed groups and entities sponsoring the
establishment of new watershed groups located in western states and territories. The
opportunity has four application rounds, with deadlines of October 7, 2026; February 24, 2027;
September 1, 2027; and February 15, 2028. Reclamation will host an informational webinar
on July 21, 2026.
USDA Publishes Rural Water and Wastewater Revolving Fund Grants NOFO. The U.S.
Department of Agriculture has published a NOFO for the Revolving Funds for Financing Water
and Wastewater Projects program, making $1 million available to qualified nonprofit
organizations to capitalize revolving loan funds for rural water and wastewater infrastructure
projects. Recipients may use funds to cover pre-development costs and short-term capital
improvement projects that are not part of regular operations and maintenance. Applications are
due July 3.

FEDERAL FUNDING AWARDS
EPA Announces SmaRT Funding. On June 26, EPA announced more than $25 million in
grant funding through the Small, Rural, and Tribal (SmaRT) Drinking Water Assistance
Program to help small and rural water systems make infrastructure upgrades, address PFAS
contamination, remove lead, and achieve compliance with the Safe Drinking Water Act. Funds
are allocated to states and territories, which are responsible for administering grants to eligible
water systems.

www.carpiclay.com

3

FEDERAL AGENCY ACTIONS AND PERSONNEL CHANGES
Supreme Court Gives President Broad Power to Fire Independent Agency Officials,
Exempts Federal Reserve. On June 29, the Supreme Court issued two major decisions on
presidential removal authority. In Trump v. Slaughter, the Court ruled 6–3 that the Federal
Trade Commission’s statutory for-cause removal protection is unconstitutional, overruling
precedent from 1935. In Chief Justice Roberts’ majority opinion, the Court held that because
the FTC exercises core executive power—including rulemaking, enforcement, and in-house
adjudication—its commissioners must be removable by the President at will. The decision casts
doubt on the constitutionality of for-cause removal protections at other independent agencies,
potentially affecting dozens of commissions across the federal government. In Trump v. Cook,
the Court ruled 5–4 to deny the President’s request to immediately remove Federal Reserve
Governor Lisa Cook while litigation over her firing continues, holding that the Federal Reserve
occupies a distinct historical tradition of central bank independence and that Cook was entitled
to notice and an opportunity to respond before being removed. Chief Justice Roberts’ majority
opinion leaves open questions about what constitutes sufficient cause for removal of a Federal
Reserve Governor and what procedural protections are required.
FEMA Releases Updated Risk Assessment Software. On June 4, FEMA released Hazus
7.2, an updated version of its hazard risk assessment software used by emergency managers,
planners, and researchers nationwide. The update adds the U.S. Geological Survey’s
ShakeMap model, which collects seismic data in real time and can estimate the potential
impacts of earthquake events, restoring earthquake modeling capability that was lost when
FEMA retired support for Hazus 6.1 in March 2026. The release also includes updates to result
export features and user performance.
Reclamation Signs MOU to Explore Desalination and Water Recycling for Colorado River
Basin. On June 3, the Bureau of Reclamation and major water agencies in California, Nevada,
and Arizona signed a memorandum of understanding (MOU) to jointly explore how
desalination and advanced water purification could strengthen long-term water reliability in the
Colorado River Basin. Signatories include the San Diego County Water Authority, Metropolitan
Water District of Southern California, Southern Nevada Water Authority, Arizona Department
of Water Resources, Central Arizona Water Conservation District, and Salt River Project
Agricultural Improvement and Power District. The MOU establishes a framework for evaluating
how new water supplies produced through desalination or water recycling could be integrated
into Basin operations, potentially allowing agencies to facilitate interstate water transfers using
existing infrastructure without constructing new pipelines. The agreement does not alter
existing water rights or commit any party to a specific project. Colorado River system storage
currently stands at approximately 36 percent of capacity.
Reclamation Principal Deputy Commissioner Named. Aubrey Bettencourt of California has
been appointed Principal Deputy Commissioner at the Bureau of Reclamation and designated
as the agency’s lead under Secretary Burgum’s recent order on Department leadership. She
previously served as the top conservation official at the Department of Agriculture and, during
President Trump’s first term, as Deputy Assistant Secretary for Water and Science at the
Department of the Interior. She has also served as executive director of both the Almond
www.carpiclay.com

4

Alliance of California and the California Water Alliance. Bettencourt has been rumored as a
potential nominee for Commissioner, a Senate-confirmed position, though no official
nomination has been made.
##

##

##

www.carpiclay.com

5

CVWD FEDERAL LEGISLATIVE MATRIX
Bill Number
H.R. 471/S. 1462

Author
Westerman/
Padilla

Bill Title
Fix Our Forests Act

H.R. 1267

Perez

Water Systems PFAS Liability Protection Act

H.R. 1871/S. 857

Huffman/
Curtis

Water Conservation Parity Act

H.R. 1894

Calvert

Federally Integrated Species Health (FISH) Act

H.R. 2269/S. 1092

McClain/
Wastewater Infrastructure Pollution Protection and Environmental
Merkley/
Safety (WIPPES) Act
Collins/ Mullin

H.R. 2656

Torres/
Valadao
Fallon/
Cornyn

Removing Nitrate and Arsenic in Drinking Water Act

Tlaib/Dingell

Water Access and Affordability Act

H.R. 2766/S. 2014

H.R. 8254

Special Districts Fairness and Accessibility Act

Description/Impact to CVWD
Position
This bill would help reduce the risk wildfires on federal Support
land through better management and aid in the
restoration of watersheds.
This bill would protect the District from paying for PFAS Support
clean up fees.
This bill would eliminate federal taxes on water
Support
conservation rebates. Exempting these rebates from
taxable income encourages more people to
participate.
This bill would consolidate the management and Support
regulation of the Endangered Species Act (ESA),
with respect to anadromous species, within the
Fish and Wildlife Service (FWS). ESA authority is
currently split between FWS and the National
Marine Fisheries Service. Consolidation of the
management of the ESA could lead to more
efficient management of it.
This bill would require entities responsible for the
labeling or retail packaging of certain premoistened,
nonwoven wipes (e.g., baby wipes, cleaning wipes, or
personal care wipes) to label such products with the
phrase “Do Not Flush” and an accompanying
symbol as depicted under specified industry
guidelines.
This bill would create new grant funding for nitrate and
arsenic reduction.
This bill would allow the District to receive federal
assistance which we are currently unavailable to
receive.
This bill would reauthorize the Low-Income Household
Water Assistance Program (LIHWAP) and relocate it to
the Environmental Protection Agency.

Support

Support
Support

Watch

Bill Number
H.R. 2940/S. 4506

Author
LaHood/Britt
& Lujan

Bill Title
Advancing Water Reuse Act

Description/Impact to CVWD
Position
This bill would extend a tax credit for manufacturers,
Support
data centers, and other industrial entities' use of
recycled water by amending the Internal Revenue Code
of 1986 to allow for an Investment Tax Credit (ITC) for
certain water reuse projects.

H.R. 3857

Hurd

Snow Water Supply Forecasting Program Reauthorization Act of 2025

The Snow Water Supply Forecasting Program funnels Support
grants through the Bureau of Reclamation for advanced
technologies to monitor and forecast water supplies
stored in Western snowpacks

H.R. 3898

Collins

Promoting Efficient Review for Modern Infrastructure Today (PERMIT) Act.

This bill would limit the scope of the Clean Water Act by Support
redefining “navigable waters” to exclude certain
categories from being defined as Waters of the United
States (WOTUS). The bill also includes language
extending National Pollutant Discharge Elimination
System (NPDES) permits from five years to ten years,

H.R. 5078

Ogles

Local Leaders for Agency Resiliency Act (PILLAR)

H.R. 5079

Garbarino

H.R. 5566/S. 3590

Rochester/
Curtis

H.R. 6204

Lee

Large-Scale Water Recycling Program Reauthorization Act

H.R. 6229

Schrier

Water Infrastructure Finance and Innovation Act (WIFIA) Amendments of
2025.

This bill would continue an existing program for ten
Support
years to help states & localities strengthen their
networks; most funds must be passed through to local
governments, with a dedicated share for rural
communities.
Widespread Information Management for the Welfare of Infrastructure and This bill would reauthorize the Cybersecurity
Support
Government Act (WIMWIG)
Information Sharing Act, which incentivizes businesses
to share cyber threat information with the federal
government and with each other. It would extend the
authorization through 2035.
Water Infrastructure Resilience and Sustainability Act
The bill seeks to reauthorize three grant programs at
Support
EPA: the Midsize and Large Drinking Water System
Infrastructure Resilience Program, the Drinking Water
System Infrastructure Resilience Program, and the
Clean Water Infrastructure Resilience Program.
This bill seeks to reauthorize the Bureau of
Reclamation’s Large-Scale Water Recycling
Program and extend the program through 2031.
This bipartisan bill would update and
improve the WIFIA program.

Support

Support

Bill Number
H.R. 7845

Author
Peters

Bill Title
Drinking Water and Energy/Infrastructure and Agriculture (DROUGHT Act)

Description/Impact to CVWD
Position
This bill would amend the WIFIA program total amount Support
of Federal assistance for projects in States
experiencing severe drought, regionally and nationally
significant projects, and for other purposes.

S. 322

Padilla

Improving Atmospheric River Forecasts Act

This bill would provide for belter forecasting of
atmospheric rivers and may lead to additional water
being captured throughout the state during these
events, in particular for the State Water Project.

Support

H.R. 3717

Harder

Golden Mussel Eradication and Control Act of 2025

This bill would create a task force with state and local
partners to eradicate golden mussels, including a grant
program.

Support

H.R. 2656

Torres/
Valadao
Fallon/
Cornyn

Removing Nitrate and Arsenic in Drinking Water Act

Support

S. 322

Padilla

Improving Atmospheric River Forecasts Act

S. 3609/H.R. 582

Padilla/
Huffman &
Obernolte

Community Protection Wildfire Resilience Act

S. 4213

Durbin

Data Center Water and Energy Transparency Act

This bill would create new grant funding for nitrate and
arsenic reduction.
This bill would allow the District to receive federal
assistance which we are currently unavailable to
receive.
This bill would provide for belter forecasting of
atmospheric rivers and may lead to additional water
being captured throughout the state, in particular for
the State Water Project.
This bill proposes an investment of $1 billion per year
(through fiscal year 2029) to move beyond traditional
forest cleaning methods and focus on protecting the
built environment.
This bill would require data center operators to submit
to States or the Administrator of the Environmental
Protection Agency and the Secretaries of Energy and
Agriculture reports on data center energy and water
use, and for other purposes.

H.R. 2766/ S. 2014

Special Districts Fairness and Accessibility Act

Support

Support

Support

Favor

GOVERNMENT & PUBLIC AFFAIRS REPORT:
JULY 2026
PAGE 5

STATE LEGISLATIVE GRID

CVWD STATE LEGISLATIVE MATRIX
Bill
AB 35

Author/
Sponsor

Title

Last Amend

Status

Location/Calendar Position

Summary/Impact to CVWD

Senate Appropriations Support

This bill would exempt Proposition 4 spending
from the Administrative Procedure Act (APA),
allowing funds to be deployed more quickly. The
APA normally requires agencies to provide public
notice and an opportunity for comment when
adopting regulations. Proposition 4, approved by
voters in 2024, includes funding for water and
other infrastructure projects

Alvarez

Safe Drinking Water, Wildfire
1/14/2026
Prevention, Drought Preparedness,
and Clean Air Bond Act of 2024:
Administrative Procedure Act:
exemption: program guidelines and
selection criteria

6/9/2026: Consent
Calendar

AB 1603 Schultz

Perfluoroalkyl and polyfluoroalkyl 5/21/2026
substances (PFAS): Department of
Pesticide Regulation

5/28/2026: Committee Senate Rules
on Rules for
assignment.

Support

This bill would prohibit the use,
manufacture, or sale of pesticides that contain
intentionally added perfluoroalkyl and
polyfluoroalkyl (PFAS) substances and places
prohibitions and restrictions on the use,
manufacture, and sale of pesticides that contain
intentionally added PFAS.

AB 1893 Gallagher/
Schultz

Wildfire prevention: local
assistance grant program: eligible
activities.

5/14/2026: Referred to Assembly Dead
Appropriations
Suspense File

Support

This bill would provide the statutory basis for the
inclusion of helicopter-accessible water supply
infrastructure for wildfire response and
suppression as eligible activities within
guidelines for wildfire grant-funding
opportunities and programs.

AB 1894 Rubio

Fish and wildlife: invasive mussels: 5/28/2026
imported water

Senate Appropriations Support

This bill would prevent public agencies from
prohibiting imported water deliveries for
groundwater replenishment, unless there is
substantial documentation of health and safety
risk.

2/12/2026

6/9/2026: Re-referred
to Committee on
Appropriations

Bill

Author/
Sponsor

Title

Last Amend

Status

Location/Calendar Position

Summary/Impact to CVWD

AB 2032 Ransom

Fish and wildlife: golden mussels

5/18/2026

6/3/2026: Senate
Natural Resources &
Water Committee

Senate Natural
Resources & Water

Support

This bill would streamline permitting and create
best management practices and scientific
guidance to support water agencies in their
efforts to prevent, mitigate, control, and
eradicate golden mussels. These provisions are
essential to enable the rapid response that is
necessary when managing highly invasive golden
mussels

AB 2013 Bennett

Fire risk areas: water suppliers:
emergency preparedness plan

4/6/2026

4/23/2026: Failed
deadline

Assembly Dead

Oppose

This bill would require water suppliers serving
more than 100 customers in fire hazard severity
zones to develop emergency preparedness plans
to maintain water service while supporting
firefighting needs, including assessments of
necessary water pumps and infrastructure. The
bill takes a flawed approach to emergency
planning and would increase liability for water
agencies.

AB 2180 Ward

Local government: Proposition 218 5/22/2026
Omnibus Implementation Act:
proportional cost of service

5/22/2026: Re-referred Senate Local
to Committee on Local Government
Government

Support

This bill would establish clear rate-setting
standards for water agencies, allowing them to
develop constitutionally sound rates using
reasonable cost allocation methods. It permits
the use of existing or projected data and allows
uniform or tiered rate structures without
requiring agencies to determine the exact cost of
service for each parcel.

Support

This bill would fund a statewide Low-Income
Rate Assistance (LIRA) program while investing in
water system improvements to reduce future
cost pressures on ratepayers.

AB 2739 Soria/IRWD/R Water: affordability and system
ancho Water stabilization

4/6/2026

6/3/2026: Referred to Senate Natural
Committee on Natural Resources & Water
Resources & Water

SB 872

5/14/2026

5/26/2026: Referred to Assembly Water Parks Support
Committee on Water & Wildlife
Parks & Wildlife

McNerney/
State Water
Contractors

Climate change: funding priorities

This bill would provide $300 million annually
from the Greenhouse Gas Reduction Fund to
support subsidence repairs on the State Water
Project ($150 million) and restoration and
enhancement of Delta levees ($150 million).

Bill
SB 935

Author/
Sponsor

Choi

Title

Local agency design-build projects: 1/29/2026
authorization

SB 1085 Durazo/ East Water supply planning: California
Bay Municipal Environmental Quality Act
Water District determination

SB 1425 Cortes

Last Amend

4/23/2026

High-Speed Rail Authority: property: 5/14/2026
right-of-way

Status
6/3/2026: Re-referred
to Committee on
Appropriations

Location/Calendar Position
Assembly
Appropriations

Summary/Impact to CVWD

Support

This bill would remove the January 1, 2031
sunset date on existing law that allows local
agencies to use design-build procurement for
public works projects over $1 million, effectively
making the authority permanent.

5/26/2026: Referred to Assembly Water Parks Support
Committee on Water & Wildlife
Parks & Wildlife

This bill would require that any project with a
proposed residential development of more than
500 dwelling units is subject to a WSA,
regardless of whether the project is subject to
CEQA review.
This bill could create restrictions or burdens on
utilities located on High Speed Rail Authority
Property.

6/4/2026: Referred to Assembly
Committee on
Transportation
Transportation,
Judiciary, and Utilities
& Energy

Oppose

GOVERNMENT & PUBLIC AFFAIRS REPORT:
JULY 2026
PAGE 6

THE FOLLOWING PAGES ARE THE LEGISLATIVE
REPORT FROM IEUA’S MOST RECENT BOARD
MEETING FOR YOUR INFORMATION

June 24, 2026
To:

Inland Empire Utilities Agency

From:

Michael Boccadoro
Beth Olhasso

RE:
June Report
California ends June with generally strong water supply conditions, supported by robust reservoir
storage across key facilities including Oroville, Shasta, and San Luis Reservoir. State Water
Project operations reflect this stability with a 45 percent allocation, and most urban water agencies
remain well positioned for summer demand due to healthy carryover storage, groundwater
banking, recycled water use, and conservation programs. Despite this near-term strength, the
rapid loss of the Sierra Nevada snowpack during an unusually warm spring has emerged as a key
concern, as the early melt reduces the system’s natural runoff replenishment and reinforces
growing uncertainty around temperature-driven hydrology.
Legislative Democrats passed a $325 billion state budget by the June 15 deadline. The budget
closes a projected deficit while maintaining targeted investments in water, including continued
support for Bay-Delta collaborative programs. A notable allocation includes $25 million for the
Healthy Rivers and Landscapes Program, contingent on State Water Resources Control Board
adoption of Bay-Delta Plan amendments, linking funding to regulatory action. While strongerthan-expected tax receipts helped stabilize near-term finances, the state continues to face structural
fiscal pressure, relying on reserves, spending delays, and internal borrowing to balance competing
priorities while protecting core infrastructure and climate-related commitments. Negotiations are
heating up between the Legislature and the Governor on a final version of the budget before the
start of the new fiscal year on July 1.
The Delta Conveyance Project reached a major milestone in June with the issuance of
federal biological opinions under the Endangered Species Act by the U.S. Fish and Wildlife
Service and NOAA Fisheries. These approvals remove one of the final major federal permitting
barriers and allow the project to continue advancing toward financing and pre-construction
phases.
Recent amendments to California’s Advanced Clean Fleets (ACF) regulation have
sparked concern among local governments over how contracted vehicle operations are counted
toward fleet compliance requirements. CARB maintains that updates clarify existing rules, but
agencies argue the changes could effectively extend compliance burdens into contracted
services across public works, transit, and utility operations. In response, AB 1436 seeks to
prevent regulatory reach into private contractor fleets under the state and local government
provisions.
California’s response to the golden mussel invasion is shifting from prevention to long-term
system management as the species spreads through State Water Project and Central Valley
Project infrastructure, including pumping plants, reservoirs, and conveyance facilities. Local
responses now vary by region, from aggressive boat inspection programs in Northern California
to expanded monitoring and treatment protocols in the Bay Area, San Joaquin Valley, and
Southern California import-dependent systems.
1

The Legislature is entering the final stretch before its July recess, with key water-related bills
advancing through policy and fiscal committees. Among the most significant measures, SB 872
would establish long-term funding for Delta levee rehabilitation and subsidence-related
conveyance repairs, while AB 2215 advances timelines related to State Water Project water rights
administration. Additional legislation includes AB 2777 to expand Clean Water State Revolving
Fund capacity and several bills addressing tribal water rights and invasive species management.
With the second year of the legislative session set to conclude on August 31, stakeholders are
closely tracking final negotiations on infrastructure funding, regulatory authority, and statewide
system resilience.

Inland Empire Utilities Agency
Status Report – June 2026
Water Supply Conditions
California ends June with generally strong water supply conditions, as major reservoirs—
including Oroville, Shasta, and San Luis—remain near or above historical averages for this time
of year. Oroville is at 93 percent capacity, 117 percent historical average. Shasta is at 81 percent
capacity, 102 percent historical average. San Luis Reservoir is at 64 percent capacity and 109
percent historical average.
A 45 percent State Water Project allocation, combined with healthy carryover storage and
extensive local investments in groundwater banking, recycled water, and conservation, has left
most urban agencies in a stable position heading into peak summer demand.
That strength in storage, however, masks a key vulnerability: the rapid loss of Sierra Nevada
snowpack this past spring. Despite near-average precipitation, unusually warm conditions caused
the snowpack to melt weeks early, reducing the natural “slow-release” snowpack that typically
sustains summer and fall runoff. Water managers are increasingly concerned that this pattern
reflects a structural shift toward more volatile, temperature-driven hydrology.

2

State Budget Preserves Key Water Funding Amid Ongoing Fiscal Challenges
California lawmakers approved the Legislative Democrats' version of the $325 billion state
budget last week, closing a projected budget shortfall while preserving several water-related
investments, including funding tied to the state's efforts to advance a collaborative approach to
Bay-Delta management. The Legislature and the Governor will work towards a final budget
before the July 1 start of the fiscal year.
Among the notable water allocations is $25 million for the Healthy Rivers and Landscapes
Program, the centerpiece of the Voluntary Agreements framework being negotiated among water
agencies, environmental organizations, state agencies, and other stakeholders. The funding is
intended to support habitat restoration, scientific monitoring, planning, and implementation
3

activities designed to improve ecosystem conditions in the Sacramento-San Joaquin watershed
while maintaining water supply reliability.
However, the appropriation comes with an important condition: the funding will only become
available if the State Water Resources Control Board adopts the Bay-Delta Plan amendments
necessary to implement the Healthy Rivers and Landscapes Program. The contingency reflects
the Legislature's desire to support the collaborative framework while ensuring that state funds are
tied to formal regulatory action.
The budget's support for the program is viewed by many water stakeholders as a signal that state
leaders remain committed to pursuing negotiated solutions to Bay-Delta challenges rather than
relying exclusively on traditional regulatory approaches.
The water funding comes against the backdrop of a mixed fiscal picture for California. The
state's finances improved modestly during the spring as stronger-than-expected personal income
tax receipts, particularly from high-income taxpayers and capital gains revenue, provided
additional resources beyond earlier projections. Those revenues helped narrow the immediate
budget gap and reduced the need for deeper spending reductions.
Despite the improved near-term outlook, state fiscal analysts continue to warn of persistent
structural budget challenges. Spending commitments established during years of record revenues
continue to outpace projected long-term revenue growth, and the state faces ongoing pressures
from Medi-Cal costs, climate and infrastructure investments, pension obligations, and other
programs. Both the Legislative Analyst's Office and Department of Finance have projected that
California could face annual operating deficits over the next several years absent stronger
economic growth or future budget adjustments.
As a result, the Legislature relied on a combination of spending restraints, funding delays,
internal borrowing, reserve drawdowns, and other budget solutions to balance the current year's
spending plan. The budget reflects a continued emphasis on protecting core priorities while
limiting new commitments that could worsen the state's long-term fiscal outlook.
Federal Approvals Advance Delta Conveyance Project
California's long-planned Delta Conveyance Project reached a significant milestone in June with
the completion of key federal environmental reviews, moving the project closer to construction
and marking another step in the state's effort to modernize critical water infrastructure.
The U.S. Fish and Wildlife Service and National Marine Fisheries Service issued biological
opinions evaluating the project's construction activities under the federal Endangered Species
Act. State officials characterized the approvals as one of the final major federal permitting
hurdles for the project, which is designed to improve the reliability of State Water Project
deliveries in the face of climate change, seismic risks, and sea level rise.
The Delta Conveyance Project would construct a new intake and tunnel system to move water
beneath the Sacramento-San Joaquin Delta. Supporters argue the project is necessary to protect
California's primary north-to-south water conveyance system from disruptions caused by
earthquakes, extreme storms, flooding, and saltwater intrusion. The State Water Project provides
4

water to approximately 27 million Californians and supports millions of acres of agricultural
land.
For Southern California water agencies, the project is viewed as a long-term reliability
investment. Studies by the Department of Water Resources have projected that climate change
could reduce the State Water Project's delivery capability by more than 20 percent by midcentury if no additional conveyance improvements are made.
While the federal approvals represent meaningful progress, the project still faces ongoing legal
challenges, financing decisions, and additional regulatory reviews before construction can begin.
Nevertheless, June's milestone demonstrates continued momentum behind one of California's
largest water infrastructure investments in decades.
As California prepares for a future characterized by more extreme swings between drought and
flood, the Delta Conveyance Project remains at the center of discussions about how to maintain
reliable water supplies for urban, agricultural, and environmental needs throughout the state.
Advanced Clean Fleets Amendments Spur Local Government Concerns as Legislature
Advances AB 1436
California's Advanced Clean Fleets (ACF) regulation continues to evolve, with recent regulatory
amendments and legislative activity intensifying debate over how zero-emission vehicle
requirements should apply to local governments and their contractors.
On June 1, the California Air Resources Board (CARB) released a second set of 15-day
modifications to the ACF regulation governing state and local government fleets. The changes
seek to “clarify” how public agencies must account for vehicles operated under contract when
determining compliance with fleet electrification requirements. According to CARB, public
agencies must include covered vehicles operated through contractual arrangements when
calculating fleet compliance, even though the private contractors themselves are not directly
regulated under the state and local government provisions of the rule.
The clarification has generated significant concern among cities, counties, special districts, and
public utilities. Stakeholders argue the revised language could effectively shift compliance
obligations onto local agencies for services performed by private contractors, potentially
affecting a wide range of contracted activities including construction, maintenance, solid waste,
transit, water, and wastewater operations. Critics contend the changes expand the practical reach
of the regulation beyond what many agencies understood when the original amendments were
proposed.
In response to those concerns, Assemblymember Anamarie Avila Farias has amended AB 1436,
to clarify that CARB may not regulate private contract fleets through the state and local
government fleet provisions of the ACF regulation.
Supporters of AB 1436 argue the legislation is necessary to preserve the distinction between
public fleets and private businesses, prevent unintended compliance burdens on contractors, and
avoid increased costs for local government services. Counties, special districts, and other local
government organizations have expressed concern that the current regulatory approach could
5

increase procurement costs and reduce the pool of contractors available to perform essential
public services.
CARB maintains that the recent modifications are intended to clarify existing requirements
rather than expand them, emphasizing that private fleets themselves remain outside the scope of
the state and local government fleet rule. However, stakeholders continue to question how the
provisions will be implemented and whether public agencies could ultimately be held responsible
for ensuring contracted services meet fleet requirements.
For water agencies, the outcome of both the regulatory process and AB 1436 could have
significant implications. Many agencies rely extensively on contractors for construction,
maintenance, emergency response, vegetation management, and infrastructure projects. The final
resolution will help determine whether fleet electrification requirements remain focused on
agency-owned vehicles or extend more broadly into contracted operations.
AB 1436 is currently moving through the Senate, while CARB continues reviewing comments
on the latest proposed modifications. The coming months are expected to be critical in
determining how the Advanced Clean Fleets regulation will be implemented for local
governments and special districts across California.
Golden Mussel Crisis Expands Across California Water Systems
California water agencies are rapidly shifting from prevention to long-term management of the
invasive golden mussel as the species spreads through the state's interconnected water delivery
network.
First discovered in the Sacramento-San Joaquin Delta in 2024, golden mussels have now been
detected throughout portions of the State Water Project and Central Valley Project systems,
including facilities serving the Bay Area, San Joaquin Valley, and Southern California. Water
managers report infestations at pumping plants, pipelines, fish screens, reservoirs, and treatment
facilities.
The mussels attach to hard surfaces and reproduce rapidly, creating dense colonies capable of
clogging pipes, restricting flows, increasing maintenance costs, and impairing critical
infrastructure. State officials have reported infestations at key export facilities in the Delta, while
local water agencies are increasing monitoring and treatment efforts to protect their systems.
The response is becoming increasingly regional. Lake Tahoe officials recently intercepted a
contaminated vessel carrying golden mussels and continue to operate one of the state's most
rigorous watercraft inspection programs. Reservoir operators throughout Northern California are
expanding inspection requirements and decontamination protocols. Water agencies in the Bay
Area and San Joaquin Valley have increased monitoring at treatment plants and conveyance
facilities, while Southern California agencies are evaluating potential impacts to imported water
infrastructure and reservoir operations.

6

The Legislature is also considering several measures aimed at strengthening California's
response. AB 1772 would expand invasive mussel prevention requirements and require existing
prevention plans to address all invasive mussel species known to be present in California waters.
AB 2032 would establish additional authorities and requirements specifically focused on golden
mussels, reflecting growing concern that the species presents unique risks compared with earlier
quagga and zebra mussel infestations.
AB 1894 seeks to strengthen statewide protections against the introduction and spread of
invasive mussels, including measures related to imported water and consistency among local
prevention programs.
The CA Department of Fish and Wildlife is expected to release new regulations and guidelines in
the coming weeks.
Legislative Update
The Legislature heads to a month-long summer recess on July 3, but not before taking final
action on legislation in second house policy committees. Bills that made it through their first
house are rushing to get to Appropriations committees before the break. When they return, they
will be in Sacramento for the final month of the session before adjourning the second year of the
two-year session on August 31.
State Water Contractors Sponsored Legislation:
SB 872 (McNerney) has been amended into a major climate and water infrastructure funding
bill.
Under the revised language, SB 872 would create the Delta Levees and Canal Subsidence Fund
that would fund toward critical water system upgrades over the next two decades — beginning in
the 2026–27 fiscal year through 2046–47.
Key provisions include:
• $150 million annually to the California Department of Water Resources for capital
improvements aimed at restoring original conveyance capacity in state water facilities
affected by land subsidence — a growing problem as pumping lowers groundwater levels
and damages canals.
• $150 million annually to the Sacramento-San Joaquin Delta Conservancy for levee
repairs and related projects in the Delta, strengthening flood protection and habitat
conditions.
The bill was amended to take out a specific funding source, which will lead to more discussions
on the concept during the budget process.
The bill also includes a restriction that these funds cannot be used for the design, construction,
operation, mitigation, or maintenance of new Delta conveyance facilities beyond existing
infrastructure.

7

The bill has received bipartisan support throughout the process, passing to the Assembly on a 390 vote. The bill will be heard on June 30 in the Assembly Water, Parks and Wildlife Committee.
Funding for at least one year of Delta levee and conveyance subsidence repair is being discussed
in the final budget negotiations.
AB 2215 (Calderon): moves a portion of the DCP Trailer Bill from 2025 into a policy bill. AB
2215 would require that the time periods for the application of water to beneficial use and for the
completion of construction work for specific water right permits held by the Department of
Water Resources for the operation of the State Water Project be December 31, 2045. The bill
passed out of the Assembly Water, Parks and Wildlife Committee 11-0 and the Appropriations
Committee and was approved by the full Assembly 57-1. ACWA recently took a support
position on the bill. The bill will be heard in the Senate Natural Resources and Water Committee
on July 1.
State Water Project contractors and MWD member agencies are rallying behind these two bills
as essential legislation to keep water flowing.
CASA & WateReuse CA:
CASA and WateReuse CA’s co-sponsored legislation, AB 2777, to add more capacity to the
Clean Water State Revolving Fund and make it easier for agencies to get larger loans or reduce
burdensome requirements in the contract has passed out of the Environmental Safety & Toxic
Materials Committee and Appropriations Committee and passed off the Assembly Floor 75-1.
The bill passed the Senate Environmental Quality Committee 7-0
Other significant legislation:
• AB 1881 (Ramos) and AB 2218 (Kalra) on tribal water rights. Both bills give tribes
significant powers over infrastructure projects. Stakeholders have been working with the
authors and sponsors to work out mutually aggregable language. Both bills passed out of
Appropriations Committee and passed off the Assembly Floor.
Interestingly, AB 1881 has not been assigned to a Senate Committee.
AB 2218 passed out of the Senate Natural Resources and Water Committee on June 23.
•

Golden Mussels Bills
AB 2032 (Ransom): specifies specific actions for the state to undertake to research and
provide best management practices for eradication. The bill has an urgency clause, but
passed off the Assembly Floor well ahead of the 2/3 vote threshold with 78 “aye” votes.
The bill passed out of the Senate Natural Resources and Water Committee on June 23
and will likely be heard in the Environmental Quality on July .1
o AB 1772 (Papan): creates a standardized boat inspection program for all
reservoir operators. The bill passed out of the Senate Natural Resources and
Water Committee June 23 and will be herd by the Judiciary Committee on June
30.
8

o AB 1894 (Rubio): Looks to address some agencies forbidding SWP water from
entering a system. The bill has been amended to address some concerns of other
water users, including MWD. The bill was passed by the Senate Natural
Resources and Water Committee 7-0 and is in the Appropriations Committee

9

ENGINEERING COMMITTEE NOTES
July 7, 2026
Attendees:
Committee members:

Randall Reed (Chair) and Kevin Kenley

Staff members:

Chad Brantley, Amanda Coker, Jiwon Seung, Christian
Stevenson, Tuan Truong, Citlalli Ochoa, Taya Victorino

Members of the Public:

None

Call to Order:

5:00 p.m.

Public Comment:

None

Additions/Deletions to Agenda:

None

1. 11280 Jersey Grant of Easement of Easement for Sewer Purposes
•

Staff presented a Grant of Easement to the District from LLC Developer. The developer
constructed water and sewer line improvements for proposed commercial warehouse
located at Jersey Boulevard and Millikan Avenue. The existing sewer line connecting to
Milliken Avenue was abandoned and realigned to avoid the building footprint. Due to existing
sewer alignment, a new easement is required. The developer has reviewed and accepted the
terms of the District’s standard Grant of Easement Agreement, and the easement is being
granted to the District at no cost. The developer is also requesting a quitclaim of the District’s
original easement as it is no longer part of the sewer line.

•

Staff responded to committee members’ questions regarding pipeline abandonment
procedures.

•

The committee concurred with staff’s recommendation to forward this item to the full Board
of Directors for consideration and approval.

2. Richland Tract Map No.16072-3 Grant of Easement for Water Purposes
•

Staff presented a Grant of Easement to the District from LP Developer. The developer is
constructing the initial phase of the “Richland” development consisting of 355 single family
homes located at the northeast corner of Wilson Avenue and Etiwanda Avenue. The
developer requires a water connection in the easement area to connect to the development’s
on-site water system to the off-site improvements previously constructed on East Avenue.
The developer has reviewed and accepted the terms of the District’s standard Grant of
Easement Agreement, and the easement is being granted to the District at no cost.

•

Staff responded to committee members’ questions regarding procedure and application
processes, and specific applications for ADUs and warehouses.
Page 1

ENGINEERING COMMITTEE NOTES
July 7, 2026
•

The committee concurred with staff’s recommendation to forward this item to the full
Board of Directors for consideration and approval.

Meeting Adjourned at 5:08 p.m.

Page 2

Government & Public Affairs Committee Notes
July 16, 2026
Attendees:
Committee members:

Director Kevin Kenley (Chair) and Director Mark Gibboney

Staff members:

Cindy Cisneros, Taya Victorino, Chad Brantley, Eric Grubb,
and Elizabeth Becker

Members of the Public:

None

Call to Order:

5:00 p.m.

Public Comment:

None

Additions/Deletions to Agenda:

None

1. State Legislative Update
•

Staff provided a water supply, legislative, and regulatory update.

•

Water Supply: Lake Oroville is at 84% capacity (110% of average), San Luis Reservoir is at
62% capacity (108% of average), and statewide reservoir storage is at 31,000,000 AF (110%
of average) for the time of year.

•

Staff provided an update on the remaining legislative calendar.

•

Staff shared an update on ballot initiatives of interest to the District.

•

Regulatory: CARB is continuing to take amendments to their proposed Advanced Clean Fleet
(ACF) regulation. Staff have recently provided another comment letter addressing current
concerns with the proposal.

2. Federal Lobbyist Contract Update
•

Staff provided an informational update on the renewal of the District’s agreement with Carpi
and Clay for federal legislative advocacy and grant consulting services for an additional 12month term.

3. Public Affairs Spring Event Recap
•

Staff presented a Community Outreach Update highlighting Public Affairs' spring outreach
efforts and upcoming summer initiatives.

Page 1

Government & Public Affairs Committee Notes
July 16, 2026
•

The presentation included updates on the Water Savvy Garden Tour, Water Savvy
Workshop Series, Annual Open House, and Water Treatment Plant Tour, including
participation and customer engagement highlights.

•

Staff also shared information on upcoming seasonal outreach campaigns, educational
workshops, and community partnership events designed to promote water conservation,
water quality awareness, and customer engagement.

Meeting Adjourned at 5:20 p.m.

Page 2