Title
Support adopting a resolution to amend the Water Resources Agency's FY 2019-20 Adopted Budget as follows:
a. Increase appropriations in Fund 130 - Hydro-Electric Operations (130-9300-8490-WRA022) in the amount of $300,000 financed by Unassigned Fund Balance; and
b. Increase appropriations in Fund 116 - Dam Operations (116-9300-8485-WRA006) in the amount of $600,000 financed by a transfer in of $300,000 from Fund 130 - Hydro-Electric Operations (130-9300-8490-WRA022) and $300,000 financed by Unassigned Fund Balance.
Report
RECOMMENDATION:
It is recommended that the Budget Committee:
Support adopting a resolution to amend the Water Resources Agency's FY 2019-20 Adopted Budget as follows:
a. Increase appropriations in Fund 130 - Hydro-Electric Operations (130-9300-8490-WRA022) in the amount of $300,000 financed by Unassigned Fund Balance; and
b. Increase appropriations in Fund 116 - Dam Operations (116-9300-8485-WRA006) in the amount of $600,000 financed by a transfer in of $300,000 from Fund 130 - Hydro-Electric Operations (130-9300-8490-WRA022) and $300,000 financed by Unassigned Fund Balance.
SUMMARY/DISCUSSION:
The Monterey County Water Resources Agency (Agency) is working with the United States Fish and Wildlife Service (USFW) and the National Marine Fisheries Service (NMFS) to develop a Habitat Conservation Plan (HCP). Funding for tasks associated with the HCP was not included in the Agency's budget and this amendment will provide $300,000 to continue defining the HCP's scope. To fund these efforts beyond the current fiscal year, the Agency applied for a $1 million grant from the USFW; a response is expected by the end of the fiscal year. If the grant is not awarded, further funding options will be explored. This report seeks approval to transfer $300,000 from Fund 130 - Hydro-Electric Operations to fund these HCP efforts.
The Agency has been diligently working to address its funding shortages and evaluating different revenue sources. Following a ...
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