Title
a. Support authorizing the County of Monterey to issue a short-term loan, up to $1,000,000, to the Monterey County Water Resources Agency to cover the non-federal cost share of the Pajaro River Flood Risk Management Project Design Phase to be repaid at the time reimbursements are received from California State Subventions;
b. Support authorizing the Auditor-Controller to amend the County's Administrative Office 001-1050-CAO017-8038 FY 2020-21 adopted budget to increase appropriations in the amount of $1,000,000; financed by a release of $1,000,000 from the Cannabis Assignment Fund balance BSA 001-3132; and
c. Support adopting a resolution authorizing the Auditor-Controller to amend the Water Resources Agency's Pajaro River Fund 112-9300-WRA002-8484 FY 2020-21 adopted budget to increase appropriations and revenues in the amount of $1,000,000 financed by an interfund transfer from 001-1050-CAO017-8038.
Report
RECOMMENDATION:
It is recommended that the Budget Committee:
a. Support authorizing the County of Monterey to issue a short-term loan, up to $1,000,000, to the Monterey County Water Resources Agency to cover the non-federal cost share of the Pajaro River Flood Risk Management Project Design Phase to be repaid at the time reimbursements are received from California State Subventions;
b. Support authorizing the Auditor-Controller to amend the County's Administrative Office 001-1050-CAO017-8038 FY 2020-21 adopted budget to increase appropriations in the amount of $1,000,000; financed by a release of $1,000,000 from the Cannabis Assignment Fund balance BSA 001-3132; and
c. Support adopting a resolution authorizing the Auditor-Controller to amend the Water Resources Agency's Pajaro River Fund 112-9300-WRA002-8484 FY 2020-21 adopted budget to increase appropriations and revenues in the amount of $1,000,000 financed by an interfund transfer from 001-1050-CAO017-8038.
SUMMARY/DISCUSSION:
The Pajaro River Federal Flood Control Project was built in 1949 by the ...
Click here for full text