The conformation came in just under a month after being promised some explanation for how the City's lease-revenue bonds work and documented confirmation that the SDWD pays nothing directly or indirectly toward city hall or park bonds.

Because this issue had been brought up several times during previous meeting and not adequately dismissed by the City, this was an issue worth considering.

The City sent us a part of the City's financial statement. The City Finance Department also answered the following questions.

Which of the bonds listed in the attachment are (or could be) a liability for the SDWD?

See p. 58
2004 SDWD Water Revenue Refunding Bonds
2007 SDWD Note Payable to R.E. Badger Water Facilities Finance Authority

Which of the bonds listed in the attachment are paid directly or indirectly with direct or indirect contributions from the SDWD?

See p. 58-59
2004 SDWD Water Revenue Refunding Bonds
2007 SDWD Note Payable to R.E. Badger Water Facilities Finance Authority

Are any of the payments related to the bonds that SDWD pays structured such that the amount is related to the overall debt of the Encinitas Public Finance Authority (EPFA)?

No.

Conversely, are all of the bonds clearly compartmentalized
such that the SDWD is completely shielded from liabilities related projects that most folks consider to be city projects?

Yes.