Title
a. Receive a follow up report on cash flowing the 2017 Winter Storm Projects;
b. Approve the use of unassigned fund balance within the Facility Master Plan Projects Fund 404-NMC1-3000-8184-RMA014 up to $25 million to cash flow storm projects eligible for Federal and State reimbursement;
c. Authorize the Auditor-Controller to amend the FY 2017-18 Adopted Budget for the Facility Master Plan Projects Fund 404-3000-8184-RMA014 by increasing appropriations for operating transfers out as requested by RMA staff up to $25 million;
d. Authorize the Auditor-Controller to amend the revenues and appropriations in the FY 2017-18 Adopted Budget for the Road Fund 002-HORC-3000-8195-RMA012, financed by an operating transfer in up to $25 million from the Facility Master Plan Projects Fund 404-3000-8184-RMA014;
e. Authorize the use of the General Fund 001 Strategic Reserve to replenish the outstanding cash amount in FY 2020-21 to the Facility Master Plan Projects Fund 404-NMC1-3000-8184-RMA014 up to $25 million resulting from cash flowing the 2017 Winter Storm projects; and
f. Provide direction to staff to engage in pursuing a loan from the California Infrastructure & Economic Development Bank (IBank). (ADDED VIA ADDENDA)
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Receive a follow up report on cash flowing the 2017 Winter Storm Projects;
b. Approve the use of unassigned fund balance within the Facility Master Plan Projects Fund 404-NMC1-3000-8184-RMA014 up to $25 million to cash flow storm projects eligible for Federal and State reimbursement;
c. Authorize the Auditor-Controller to amend the FY 2017-18 Adopted Budget for the Facility Master Plan Projects Fund 404-3000-8184-RMA014 by increasing appropriations for operating transfers out as requested by RMA staff up to $25 million;
d. Authorize the Auditor-Controller to amend the revenues and appropriations in the FY 2017-18 Adopted Budget for the Road Fund 002-HORC-3000-8195-RMA01...
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