Title
Receive an update on the Monterey County Water Resources Fiscal Year 2015-16 Budget and request financial assistance from Monterey County. (ADDED VIA ADDENDUM)
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Supervisors:
Receive an update on the Monterey County Water Resources FY 2015-16 Budget and request financial assistance from Monterey County.
SUMMARY/DISCUSSION:
On March 23, 2015 the Monterey County Water Resources Agency Board of Directors approved the Agency's FY 2015-16 Requested Budget, excluding payment of the Monterey Regional Water Pollution Control Agency's budgeted indirect costs until both Agencies agree upon a transparent methodology for budgeted indirect costs rather than a pre-determined flat rate of 10% on all expenses except for utilities (5%) and chemicals (5%). In addition, the Water Resources Agency Board of Directors directed Staff to:
* Transfer $400,000 to fund activities otherwise funded by Hydroelectric revenue from the Fund 303 (Rate Stabilization Reserve) to supplement Water Quality and Hydrology Program activities in Funds 113-Countywide, 114-Nacimiento Non-Operations &Maintenance, and 115- San Antonio Non-Operations &Maintenance;
* Find a revenue source of approximately $350,000 for the Salinas River Diversion Facility fish monitoring requirements and if no revenue source is found determine the risk of not performing these activities;
* Transfer $125,000 from Fund 116 (Cloud Seeding Reserve) into Fund 116 (Operations and Maintenance.); and,
* Recommend that a Public Hearing be held on June 23, 2015 at 1:30 p.m. for a 2.5% COLA increase on Agency assessments.
The Agency is faced with budget challenges as the drought continues to keep the Hydroelectric plant operating at minimum capacity. Anticipated revenue is expected to be $700,000 less than prior years. In addition, the Agency has been tasked to pursue unfunded projects such as the Interlake Tunnel...
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