The check represented a partial return of prior years’ insurance premiums, due to the District’s successful efforts to control and reduce property, liability, and workers’ compensation losses.
“This ACWA/JPIA refund once again demonstrates the effectiveness of the District’s policies and procedures to protect our assets and our employees,” said Board of Directors President Bill Rosen. “The District’s efforts have resulted in reduced injury and damage claims, as well as lower costs for ratepayers.” The District previously received a refund of $90,052 on February 8, 2011 for its successful risk management practices and record.
According to District General Manager John McInnes, “Employee safety is one of our highest priorities. Since 1997, the District has maintained an employee-led team focusing on the continuous improvement of risk management strategies. This refund is a positive reminder that such proactive actions can help the bottom line.”
The ACWA/JPIA is a partnership of nearly 300 public water agencies in California. These agencies have pooled their resources to provide property and casualty insurance coverage and claims handling, as well as, related training and loss control services. ACWA JPIA has refunded over $25.3M to members over the last five years, including investment income earned. As of September 30, 2012, for example, 168 of the JPIA’s approximately 289 members will receive refund checks totaling approximately $3.8M.
The Goleta Water District provides water to a diverse population of approximately 87,000 in the Goleta Valley area, including agricultural, residential, commercial, industrial, and institutional customers. The District’s water system includes over 270 miles of pipelines, a water treatment plant, storage reservoirs, pumping facilities, active wells, a recycled water system, and connections with Lake Cachuma and the State Water Project.