Title
Receive the Monterey County Water Resources Agency FY 2025-26 Financial Status Report through December 31, 2025. (Staff: Nan Kim)
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Directors:
Receive the Monterey County Water Resources Agency FY 2025-26 Financial Status Report through December 31, 2025.
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, 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 December 31, 2025, was $16.74 million, which includes special assessments of $10.82 million, grant payments of $1.1 million, grazing lease & interest payment of $0.65 million and $1.27 million of Water Delivery and Service fee payments. The total revenue received was 42% of FY26 revenue budget.
Total actual expenditures during the reporting period were $22.68 million. Of the total expenditure, $3.24 million was salaries and benefits, $12.51 million was contractor/professional services, $1.37 million was for SVWP bond payments and $1.83 million was for insurances. The total expenditure through December 31, 2025 was 52% 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 $22,918,135 $22,918,135
FY26 Revenues 39,437,673 16,740,949
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