This document summarizes a presentation given at an ASCE July luncheon about water issues facing the Santa Margarita Water District. It notes that California's snowpack and rainfall have declined significantly in recent years. It also discusses the competing demands of population growth and state-mandated water use reductions, and Santa Margarita Water District's plans to address both through water conservation programs and developing new water supplies such as groundwater storage, desalination, and recycled water. The presentation emphasizes the need for a new way of thinking about water that focuses on hardening demand and views wastewater and stormwater as resources through practices like indirect potable reuse.