Title
Consider recommending that the Monterey County Water Resources Agency Board of Supervisors:
a. Approve and adopt a FY 2019-20 cost of living adjustment (COLA) increase of 3.5% for Zone 2C Operations and Maintenance of Nacimiento and San Antonio Dams, and Administration; and
b. Set and hold a public hearing on June 4, 2019 at 1:30 PM to consider adopting assessment rate charges; and
c. Direct the Clerk of the Board of Supervisors to publish a hearing notice at least ten days prior to the date set for the hearing.
Report
RECOMMENDATION:
Recommend that the Monterey County Water Resources Agency Board of Supervisors:
a. Approve and adopt a FY 2019-20 cost of living adjustment (COLA) increase of 3.5% for Zone 2C Operations and Maintenance of Nacimiento and San Antonio Dams, and Administration; and
b. Set and hold a public hearing on June 4, 2019 at 1:30 PM to consider adopting assessment rate charges; and
c. Direct the Clerk of the Board of Supervisors to publish a hearing notice at least ten days prior to the date set for the hearing.
SUMMARY/DISCUSSION:
This report reflects the recently published 2019 Cost of Living Adjustment (COLA) of 3.5% 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).
Historically, 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 balance to work on infrastructure deferred maintenance identified in the Capital Asset Management Plan (CAMP) which is kept separately from Fund 116 O&M budget. Therefore, the requested 3.5% COLA estimated increase of $113,316 is needed to supplement the O&M annual budget. Unfortunately, the 3.5% COLA increase of $113,316 will not...
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