Title
Approve and adopt the Fiscal Year 2018-19 Requested Budget for Monterey County Water Resources Agency.
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Supervisors:
Approve and adopt the Fiscal Year 2018-19 Requested Budget for the Monterey County Water Resources Agency.
SUMMARY/DISCUSSION:
On May 21, 2018 at the Board of Directors Budget Workshop, staff reviewed and recommended approval of the Requested FY 2018-19 budgets for all Agency Funds. MCWRA consists of five (5) Special Assessment Funds: Fund 116 - Salinas Valley Water Project (SVWP) Zone 2C for Dam Operations & Maintenance and Administration; Fund 131 - Castroville Seawater Intrusion Project (CSIP) Operations; Fund 132 - Salinas Valley Reclamation Project (SVRP) Operations;
Fund 134 - Salinas River Diversion Facility (SRDF) Operations; Fund 313 - SVWP Monterey Financing Authority Debt Service; Five (5) Flood Assessment Funds: Fund 112 - Pajaro Levee;
Fund 121 - Soledad Storm Drain; Fund 122 - Reclamation Ditch; Fund 124 - San Lorenzo Creek;
Fund 127 - Moro Cojo Slough. In addition, the Agency also has three (3) funds that receive other sources of revenue such as Ad Valorem, Planning/ Permit fees, Grant and Reimbursement MOU’s, and hydro-electric revenue: Fund 111 - WRA Administration Fund; Fund 130 - Hydro-Electric Operations; and Fund 426 - Interlake Tunnel and Spillway Modification DWR Grant Project/Study (ILT). Monterey County Water Resources Agency consists total of thirteen (13) funds in the Agency. This budget is unchanged from the FY 2018-19 Recommended Budget as presented and received by the Agency Board of Directors on May 21, 2018. The FY 2018-19 Budget for the Monterey County Water Resources Agency has a total appropriation of $26,945,332 which includes an $892,794 augmentation from the County of Monterey as part of the $3,000,000 Interlake Tunnel and Spillway Modification Reimbursement Agreement. Total financing of $26,945,332 includes use of Unassigned Fund Balance of $ 1,033,540 and estimated revenue of $25,911,792. This budget has forty (40) Full Time Equivalent (FTE) positions and eight (8) unfunded FTE positions.
OTHER AGENCY INVOLVEMENT:
The Monterey One Water, formerly known as the Monterey Regional Water Pollution Control Agency, assisted in the preparation of its portion of the Budget found in Fund 131 - Castroville Seawater Intrusion Project (CSIP) Operations for Zone 2B & 2Y, Fund 132 - Salinas Valley Reclamation Project (SVRP) Operations for Zone 2Z, and Fund 134 - Salinas River Diversion Facility (SRDF) Operations.
FINANCING:
The Water Resources Agency FY 2018-19 Adopted Budget Resolution represents a statutorily balanced budget and meets all requirements for adoption.
Prepared by: Cathy Paladini, Finance Manager, (831) 755-4860
Approved by: _______________________________________________
David E. Chardavoyne, General Manager, (831) 755-4860
Attachments:
1. FY 2018-19 Recommended Budget
2. Executed MCWRA Board Order
3. Resolution