Bond Investors
In 2018, Zone 7 issued bonds to help fund upgrades at the Del
Valle Water Treatment Plant, including the addition of ozone
treatment now in operation to improve the efficiency, safety,
taste and odor of our water treatment services. Our sound
financial practices and commitment to fiscal responsibility make
Zone 7 a smart investment for our bond holders. We provide annual
financial statements and continuing disclosures in this section,
in compliance with all bond issuance regulations, and as part of
our commitment to transparency.
The reports below, combined with the information provided in our
bi-annual budget, financial documents and water rates sections,
give our bond investors a complete financial picture of the
agency and the confidence they need to rest assured their
investment is secure.
Financial and Ratings Reports
The following reports were submitted during the current or
previous fiscal year. Please note that information included in
any reports is current only as of the date it was published.
Also, the availability of a report on this website does not mean
that changes have not been made. For example, portions of the
obligations may have been refunded and are no longer outstanding,
or information may be out of date. Updates may be published under
various circumstances, particularly for variable rate debt.
Additional information may be found on the Municipal Securities
Rulemaking Board’s Electronic Municipal Market
Access (EMMA) website. Searching by CUSIP number is the
easiest way to find information on the EMMA website. The base
CUSIP number(s) for the Agency’s debt are:
- Livermore Valley Water Financing Authority Water Revenue
Bonds, 2018 Series A – 53833P
Official Statements
Ratings Reports
Our credit ratings reports are issued by third party credit
rating agencies and reflect Zone 7’s credit worthiness as a debt
issuer. In 2020, Fitch Ratings, one of the largest American
credit rating agencies and one of three nationally recognized
statistical rating organizations designated by the U.S.
Securities and Exchange Commission in 1975, upgraded Zone 7’s
bond rating from AA to AA+. In June 2021, Fitch Ratings affirmed
Zone 7’s bond rating of AA+. This rating upgrade means Zone 7 has
a very high credit quality based on the following factors:
- financial leadership
- rate component of the water rate structure
- reserves to weather the current economic downturn
- levels of capital investment to maintain the Agency’s
infrastructure
- balance of stored groundwater and banked water to deal with
SWP and hydrology variability
- to expanding water supply through investment in water supply
and reliability projects
You can read our full ratings reports here:
Other Important Financial Information
