Title
Approve and recommend that the Water Resources Agency Board of Supervisors:
a. Authorize and direct the Auditor-Controller to amend the Water Resources Agency's FY 2018-19 Adopted Budget for Fund 303 - Castroville Seawater Intrusion Project Debt Service Fund (303-9300-8267-WRA025) by increasing appropriations and revenues in the amount of $1,695,160 financed by a transfer out from Fund 131 - Castroville Seawater Intrusion Project Operations & Maintenance (131-9300-8491-WRA020); and,
b. Authorize and direct the Auditor-Controller to amend the Water Resources Agency's FY 2018-19 Adopted Budget for Fund 111 - Administration Fund (111-9300-8267-WRA001) by increasing appropriations and revenues in the amount of $1,750,000 financed by an increase in unanticipated revenues.
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Directors approve and recommend that the Water Resources Agency Board of Supervisors:
a. Authorize and direct the Auditor-Controller to amend the Water Resources Agency's FY 2018-19 Adopted Budget for Fund 303 - Castroville Seawater Intrusion Project Debt Service Fund (303-9300-8267-WRA025) by increasing appropriations and revenues in the amount of $1,695,160 financed by a transfer out from Fund 131 - Castroville Seawater Intrusion Project Operations & Maintenance (131-9300-8491-WRA020); and,
b. Authorize and direct the Auditor-Controller to amend the Water Resources Agency's FY 2018-19 Adopted Budget for Fund 111 - Administration Fund (111-9300-8267-WRA001) by increasing appropriations and revenues in the amount of $1,750,000 financed by an increase in unanticipated revenues.
SUMMARY/DISCUSSION:
During 2014, the Monterey County Water Resources Agency (Agency) brought in an outside consultant, Certified Public Accountant Rodney Craig Goodman, to review the Agency's complex accounting structure. On a letter dated July 28, 2014 Mr. Goodman recommended that the agency collapsed several funds ...
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