Title
Consider approving and recommending that the Monterey County Water Resources Agency Board of Supervisors:
a. Approve and adopt a FY 2018-19 cost of living adjustment (COLA) charge of 3.6% for Zone 2C Operations and Maintenance of Nacimiento and San Antonio Dams, and Administration; and
b. Set and hold a Public Hearing date on June 5, 2018 @ 1:30 PM to consider adopting assessment rate charges with a 3.6% increase for Zone 2C Operations and Maintenance of Nacimiento and San Antonio Dams, and Administration; and
c. Direct the Clerk of the Board to publish a hearing notice in the CALIFORNIAN at least ten (10) days prior to the date set for the hearing.
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Directors:
Approve and recommend that the Monterey County Water Resources Agency Board of Supervisors:
a. Adopt a cost of living adjustment (COLA) charge of 3.6% for Zone 2C Operations and Maintenance of Nacimiento and San Antonio Dams, and Administration; and
b. Set and hold a Public Hearing date on June 5, 2018 @ 1:30 PM to consider adopting assessment rate charges with a 3.6% increase for Zone 2C Operations and Maintenance of Nacimiento and San Antonio Dams, and Administration; and
c. Direct the Clerk of the Board to publish a hearing notice in the CALIFORNIAN at least ten (10) days prior to the date set for the hearing.
SUMMARY/DISCUSSION:
This report reflects the recently published 2018 Cost of Living Adjustment (COLA) of 3.6% for Zone 2C Operations and Maintenance and Administration (O&M). Ordinance No. 4203 governs Zone 2C assessments which the electorate of the Agency's Zone 2C approved for the Salinas Valley Water Project (SVWP).
The Agency utilizes approximately $200,000 annually of Fund 116 unassigned fund balances to cover O&M expenditures. In FY 2016-17 the Board of Director's approved the Agency's request to set aside an annual amount of $105,000 from Zone 2C Fund 116 unassigned fund balan...
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