Title
Receive a report of the Monterey County Water Resources Agency's Capital Improvement Plans for Fiscal Year 2024-2025.
Report
RECOMMENDATION:
It is recommended that the Monterey County Capital Improvement Committee:
Receive a report of the Monterey County Water Resources Agency's Capital Improvement Plans for Fiscal Year 2024-2025.
SUMMARY/DISCUSSION:
The Monterey County Water Resources Agency's ("Agency") mission is to manage water resources sustainably while minimizing impacts from flooding for present and future generations. The Agency owns and operates numerous water resource management facilities and lands, throughout Monterey and San Luis Obispo Counties to accomplish the mission. The Agency's highest value assets includes the Nacimiento and San Antonio dams, the Salinas River Diversion Facility, and a recycled water treatment plant and distribution system.
The Agency has fourteen unique funds that support Agency operations. The Agency Fiscal Year 2024-2025 (FY25) Recommended Budget totals $48,759,795 in expenditures and $42,154,850 in revenue for all fourteen Agency Funds. The Agency's total FY25 budgeted expenditures exceed revenues by $6,604,945, which will be financed with Fund Balance of Agency Funds. Ending Fund Balance of Agency's fund is estimated at $14,496,277. Additionally, the Agency has estimated the use of grant revenue to supplement existing revenue sources in the amount of $9,869,900 through a variety of State and Federal agreements and notices of awards. The Agency does not anticipate requesting any additional revenue from the County of Monterey General Fund or Strategic Reserves, at this time.
The FY25 Recommended Budget includes numerous capital projects, organized by Fund, and included in attachment A. Due to existing revenue constraints, many requested projects have been deferred to future years. The Agency is pursuing two significant revenue augmentation projects that are focused on the dams and recycled water pr...
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