Title
a. Adopt a resolution authorizing and directing 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); (4/5 vote required); and,
b. Adopt a resolution authorizing and directing 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. (4/5 vote required)
Report
RECOMMENDATION:
It is recommended that the Monterey County Water Resources Agency Board of Supervisors:
a. Adopt a resolution authorizing and directing 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); (4/5 vote required); and,
b. Adopt a resolution authorizing and directing 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. (4/5 vote required)
SUMMARY/DISCUSSION:
In 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. Mr. Goodman recommended that the Agency collapsed several funds sharing ...
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