California Department of Water Resources Water System Revenue Bonds

On behalf of the California Department of Water Resources, I would like to welcome you to our new investor relations website. We appreciate your interest and investment in our Water System Revenue Bonds as they provide us with the ability to make critical investments in public infrastructure throughout the area. We are committed to maintaining our strong bond ratings and providing transparency with the investor community and the public at large.

I hope you find this website useful as you seek to better understand the credit fundamentals of the California Department of Water Resources. Please do not hesitate to contact us with feedback on how we may improve.

Thanks again for your interest in our bond program.

Duard MacFarland, Comptroller & Chief Financial Officer