Title
Hold a workshop to review the Monterey County Water Resources Agency Fiscal Year 2026-27 Recommended Budget. (Staff: Nan Kim)
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Directors:
Hold a workshop to review the Monterey County Water Resources Agency Fiscal Year 2026-27 Recommended Budget.
SUMMARY/DISCUSSION:
The FY 2026-27 (FY27) Recommended Budget (Budget) for the Monterey County Water Resources Agency (Agency) totals $48.8 million in expenditures and $44.1 million in revenue, reflecting a 12 percent increase from the prior year. The Budget funds 45 of the Agency’s 57 authorized positions and includes $10.0 million for salaries and benefits. Consultant and contractor services rise to $23.7 million, while insurance costs decrease to $1.6 million. Debt service and related transfers total $7.8 million. On the revenue side, the Budget includes $17.9 million in assessments, $3.7 million in Ad Valorem taxes, $4.1 million from water delivery fees and service charges, $1.5 million from program revenue, and $8.8 million in grants. Despite these increases, expenditure exceed revenues by $4.7 million, which will require use of fund balances.
OTHER AGENCY INVOLVEMENT:
Staff worked with Monterey One Water for Recycled Water Projects operations.
FINANCING:
The Water Resources Agency FY 2026-27 Requested Budget Resolution represents a statutorily balanced budget and meets all requirements for adoption.
Prepared by: Nan Kyung Kim, Finance Manager III, (831) 755-4860
Approved by: Ara Azhderian, General Manager, (831) 755-4860
Attachments:
FY2026-27 Recommended Budget Book - DRAFT