BOARD AGENDA MEMORANDUM
SUBJECT:Title
Work Study Session on the Capital Improvement Program's Preliminary Fiscal Year 2024-2028 Five-Year Plan; Preliminary Fiscal Year 2023-24 Groundwater Production Charges; and Proposed Adjustments and Modifications to the Safe, Clean Water and Natural Flood Protection Program.
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RECOMMENDATION:Recommendation
A. Review and approve the Capital Improvement Program's (CIP) Preliminary Fiscal Year 2024-2028 (FY 24-28) Five-Year Plan list of projects for the Watershed Stream Stewardship Fund (Fund 12) and the Water Utility Enterprise Fund (Fund 61);
B. Review and approve the CIP Evaluation Team's recommendation to include the RWTP Ammonia Storage & Metering Facility Upgrade Project, a Fund 61 project, in the CIP's Draft FY 24-28 Five-Year Plan;
C. Review proposed adjustments and modifications to the Safe, Clean Water and Natural Flood Protection Program (Safe, Clean Water Program) Fund (Fund 26);
D. Set the time and place for a public hearing to consider modifications to the Safe, Clean Water Program (Fund 26) Projects; and
E. Discuss and provide direction on the preliminary FY 2023-24 (FY 24) Groundwater Production Charge analysis.
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SUMMARY:
This Work Study Session combines, for Board review, the CIP's Preliminary FY 24-28 Five-Year Plan list of projects with their estimated costs and proposed funding (Attachment 1), and the preliminary FY 24 groundwater production charge analysis.
As a result of project cost increases that have occurred since the Board adopted the CIP's FY 2023-27 (FY 23-27) Five-Year Plan, as detailed in the Project Plan Updates (Attachment 2), staff has prepared funding scenarios for Fund 12 and Fund 26 projects in order to ensure the financial health of both funds. The scenarios for Fund 26 trigger the Safe, Clean Water Program's Change Control Process, which includes conducting a public hearing when key performance indicators (KPIs) for an impacted project are modified. Due to proposed revise...
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