File #: WRAG 16-092    Name: Budget Amendment #2 - Raftelis
Type: WR General Agenda Status: Agenda Ready
File created: 10/9/2016 In control: Water Resources Agency Board of Directors
On agenda: 10/17/2016 Final action:
Title: a. Approve and recommend that the Monterey County Water Resources Agency Board of Supervisors approve Budget Amendment No. 2 for the Monterey County Water Resources Agency FY 2016-17 Adopted Budget to appropriate an allocation of $97,205 to Agency Funds: 116, 131, and 132, needed to pay for the revised scope of work on an approved FY 2015-16 agreement with Raftelis Financial Consultants, Inc. and appropriate an additional $20,000 in Fund 132 for increased interest on the Salinas Valley Reclamation (SVRP) Project loan; b. Authorize the Auditor-Controller to amend the Monterey County Water Resources Agency FY 2016-17 Adopted Budget for Fund 116-ADM, WRA 006 to increase appropriation by $37,000 financed by unassigned fund balance (4/5th vote required); c. Authorize the Auditor-Controller to amend the Monterey County Water Resources Agency FY 2016-17 Adopted Budget for Fund 131 CSIP O&M, WRA 020 to increase appropriation by $37,000 financed by unassigned fund balance (4/5th vote required);...
Attachments: 1. Board Report, 2. Board Order, 3. Budget Amendment #2 Revision & Summary
Title
a. Approve and recommend that the Monterey County Water Resources Agency Board of Supervisors approve Budget Amendment No. 2 for the Monterey County Water Resources Agency FY 2016-17 Adopted Budget to appropriate an allocation of $97,205 to Agency Funds: 116, 131, and 132, needed to pay for the revised scope of work on an approved FY 2015-16 agreement with Raftelis Financial Consultants, Inc. and appropriate an additional $20,000 in Fund 132 for increased interest on the Salinas Valley Reclamation (SVRP) Project loan;
b. Authorize the Auditor-Controller to amend the Monterey County Water Resources Agency FY 2016-17 Adopted Budget for Fund 116-ADM, WRA 006 to increase appropriation by $37,000 financed by unassigned fund balance (4/5th vote required);
c. Authorize the Auditor-Controller to amend the Monterey County Water Resources Agency FY 2016-17 Adopted Budget for Fund 131 CSIP O&M, WRA 020 to increase appropriation by $37,000 financed by unassigned fund balance (4/5th vote required); and,
d. Authorize the Auditor-Controller to amend the Monterey County Water Resources Agency FY 2016-17 Adopted Budget for Fund 132 SVRP O&M, WRA 021 to increase appropriations by $43,205 financed by unassigned fund balance (4/5th vote required).

Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Directors:

a. Approve and recommend that the Monterey County Water Resources Agency Board of Supervisors approve Budget Amendment No. 2 for the Monterey County Water Resources Agency FY 2016-17 Budget to appropriate an allocation of $97,205 to Agency Funds: 116, 131, and 132, needed to pay for the revised scope of work on an approved FY 2015-16 agreement with Raftelis Financial Consultants, Inc. and appropriate an additional $20,000 in Fund 132 for increased interest on the Salinas Valley Reclamation (SVRP) Project loan;
b. Authorize the Auditor-Controller to amend the Monterey County Water Resources Agency FY 2016-17 Adopted Budget f...

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