Title
Consider receiving the Monterey County Water Resources Agency FY 2025-26 Financial Status Report through June 30, 2026. (Staff: Nan Kim)
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Finance & Administration Committee:
Consider receiving the Monterey County Water Resources Agency FY 2025-26 Financial Status Report through June 30, 2026 (Period 14).
SUMMARY/DISCUSSION:
The Monterey County Water Resources Agency (Agency) FY 2025-26 (FY26) Budget was adopted with totals of $43.21 million in expenditures and $38.43 million in revenue. In September 2025, the Budget was amended to increase appropriations by $400,000 and increase revenue by $1,001,606 for Groundwater Monitoring Program (GMP) activities, resulting in an amended FY26 Budget of $43.61 million in expenditures and $39.44 million in revenue.
Actual revenue received between July 1, 2025, and June 30, 2026, totaled $36.95 million, or 93.7% of the FY26 amended revenue budget. Total revenue includes $24.1 million in Ad Valorem taxes and assessments, $2.8 million in water delivery & service fees, $3.6 million of grant revenue and $0.8 million in GMP revenue paid by the Salinas Valley Basin Sustainability Agency. It also includes a $1.0 million settlement paid by Monterey One Water.
Actual expenditures between July 1, 2025, and June 30, 2026, totaled $35.12 million, or 80.5% of the FY26 amended expenditure budget. Total expenditures include $7.68 million in salaries and benefits, $12.21 million in consultant and professional services across all categories, $4.17 million for debt payments, $1.84 million in insurance costs, $0.42 million in county-provided services, $0.92 million in other services and supplies, $0.38 million in facility maintenance and repair, and $0.78 million for equipment and vehicles. Fund transfers and debt transfers totaled $0.70 million and $3.23 million, respectively.
The FY26 ending available fund balance totaled $24.99 million compared with t...
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