Title
Receive the Monterey County Water Resources Agency FY 2025-26 Financial Status Report through June 30, 2026, Accounting Period 12.
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Directors:
Receive Monterey County Water Resources Agency FY 2025-26 Financial Status Report through Period 12, June 30, 2026.
SUMMARY/DISCUSSION:
The Monterey County Water Resources Agency (Agency) FY 2025-2026 (FY26) Budget was adopted with totals of $43.21 million in expenditure and $38.43 million in revenue. In September 2025, the Budget was amended to increase its appropriations by $400,000 and to increase revenue by $1,001,606 for Groundwater Monitoring Program expenses and revenues. The FY26 Amended Budget totals $43.61 million in expenses and $39.44 million in revenue.
Agency’s total actual revenue received between July 1, 2025, through June 30, 2026, was $30.14 million, which includes special assessments of $17.45 million, grant payments of $2.2 million, grazing lease & interest payment of $1.26 million and $1.91 million of Water Delivery and Service fee payments. The total revenue received was 76.4% of FY26 revenue budget.
Total actual expenditures received between July 1, 2025, through June 30, 2026 were $30.08 million. Of the total expenditure, $7.62 million was salaries and benefits, $15.25 million was contractor/professional services, $1.75 million was for SVWP bond payments and $1.83 million was for insurances. The total expenditure through June 30, 2026 was 69.0% of FY26 budgeted expenditure of $43.61 million.
Summary of Agency’s consolidated fund balance estimate for FY26 is as follows:
Amended Budget Year-To-Date Amount
FY26 Beg. Fund Balance $23,203,938 $23,203,938
FY26 Revenues 39,437,673 ...
Click here for full text