Title
a. Receive a report that summarizes funding needs for ongoing projects: the top five (5) unfunded projects from FY 2019/20 Capital Improvement Plan (CIP), priority projects that arose after the Adoption of the FY 2019/20 Budget, projects that leverage outside funds, and the cash deficit from the prior year for the Lakes Enterprise Fund 452;
b. Consider staff recommendation to add selected projects to the RMA Fiscal Year 2019/20 Work Program; and
c. Consider staff recommendation regarding financing sources.
Report
RECOMMENDATION:
It is recommended that the Budget Committee:
a. Receive a report on project needs for FY 2019/20, including funding needs for ongoing projects and prior year deficits;
b. Support a recommendation to the Board of Supervisors adding selected projects to the RMA FY 2019/20 Work Program;
c. Support allocating $2,808,994 from Fund 401 (Unassigned Fund Balance), $1,483,279 from Fund 404 (East/West Wing TI Savings) and $3,589,449 from either General Fund Contingency or Cannabis Funds;
d. Support a recommendation to the Board of Supervisors retroactively approving three road projects from the 2017 Winter Storm Projects (Hartnell Road, Palo Colorado MP 1-3.2, Metz Road) using Road Fund 002, Appropriation Unit RMA012 ($576,108), with $422,666 funded by FEMA and $153,442 from Road Fund);
e. Support retroactively approving seven 2019 Winter Storm Emergency Response Repair Projects; adding the projects to the County Capital List; and consider funding the projects using unprogrammed Highway Users Tax Account (HUTA) and Senate Bill 1 (SB1) revenues in Road Fund 002, Appropriation Unit RMA012 ($1,325,000); and
f. Support retroactively approving four 2019 Winter Storm Repair Projects-In Progress; adding the projects to the County Capital Project List; and consider funding them in Fiscal Year 2019/20 with unprogrammed SB1 revenues in the Road Fund 002, Appropriation Unit RMA012 ($1,187,000).
SUMMARY:
Resource Management Agency (RMA) is the lea...
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