Title
a. Approve and adopt a 3.6% FY 2018-19 cost of living adjustment (COLA) for Zone 2C Operations and Maintenance of Nacimiento and San Antonio Dams, and Administration;
b. Set and hold a Public Hearing date on June 4, 2018 @ 10:30 a.m. 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 SALINAS 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 Supervisors:
a. Approve and adopt a 3.6% FY 2018-19 cost of living adjustment (COLA) charge of 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 4, 2018 @ 10:30 a.m. 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 SALINAS 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).
In prior fiscal years, the Agency utilized approximately $200,000 annually of Fund 116 unassigned fund balance to cover O&M expenditures. In FY 2016-17 the Board of Directors approved the Agency's request to set aside an annual amount of $105,000 from Zone 2C Fund 116 unassigned fund balance to work on infrastructure deferred maintenance identified in the Capital Asset Management Plan (CAMP), which is kept separately from Fund 116 O&...
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