LOS ANGELES--(BUSINESS WIRE)--The city of Los Angeles has gained a seat on the board of directors of the Metropolitan Water District of Southern California based on the latest certified assessed valuations of taxable property within the district’s six-county service area.
Under the Metropolitan Water District Act, each of the district’s 26 member agencies is guaranteed at least one board member, and can appoint an additional representative for each 5 percent of assessed valuation of property within MWD’s service boundaries.
The increase from 37 to 38 representatives on the board marks the first change to the size of the governing body since January 2001.
With the additional board seat, Los Angeles becomes the only Metropolitan member agency with five representatives on the board. The Municipal Water District of Orange County and the San Diego County Water Authority each hold four seats.
Certified valuations for Metropolitan’s 5,200-square-mile service area totaled $2.4 trillion for fiscal year 2015/16. Total assessed valuations are made each August, based on submissions from county auditors from each of the six counties in Metropolitan’s service area.
In addition to determining how many Metropolitan representatives each agency holds, assessed valuations also establish each member agency’s vote entitlement. Metropolitan uses a weighted voting system, with each member agency getting one vote for every $10 million of assessed valuation of property within MWD’s service boundaries.
Based on the latest reported figures, Los Angeles’s certified assessed property valuations totaled nearly $490 billion or 20.11 percent of the overall assessed valuations within Metropolitan’s service area. The Water Authority and MWDOC follow with nearly $425 billion/17.44 percent and $415.8 billion/17.08 percent in assessed property valuations, respectively.
The Metropolitan Water District of Southern California is a cooperative of 26 cities and water agencies serving nearly 19 million people in six counties. The district imports water from the Colorado River and Northern California to supplement local supplies, and helps its members to develop increased water conservation, recycling, storage and other resource-management programs.