BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT:
Title
Receive and Approve the Mid-Year Operating and Capital Budget Adjustments to the Fiscal Year 2025-26 Rolling Biennial Adopted Budget.
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RECOMMENDATION:
Recommendation
Approve the Mid-Year Operating and Capital Budget Adjustments to the Fiscal Year 2025-26 Rolling Biennial Adopted Budget.
Body
SUMMARY:
In adhering to Governance Policies of the Board and specifically Executive Limitations EL-4, staff respectfully submits the mid-year budget adjustments to the FY 2025-26 Rolling Biennial Adopted Budget, which are necessary to better align limited allocated resources with the Board's Ends, meet Board priorities, and to continue to provide for a balanced budget.
The FY 2025-26 (FY26) mid-year budget adjustments are presented in Attachments 1 and 2 and summarized below:
1. Capital Project: 91854003 Almaden Calero Canal Rehab ($550,000 increase)
A $550,000 increase in FY26 is being requested to support the environmental and design work for Almaden Calero (AC) Canal Rehabilitation Project. Re-evaluation of the previous CEQA Internal Decision Memorandum (IDM) led to a change in the Environmental Impact Report (EIR) designation to an Initial Study/Mitigated Negative Declaration (IS/MND) designation. The CEQA and design milestones have been revised to be performed four (4) months earlier in FY26 than planned. The $550,000 needed in FY26 will be reduced from FY27 with no increase to the Total Project Cost. This budget adjustment for FY26 is funded by a decrease of $550,000 to the Water Enterprise Fund Operating and Capital Reserve in FY26.
2. Capital Project: 91094009 South County Recycled Water Pipeline ($2,902,000 increase)
A $2,902,000 increase in FY26 is being requested to implement Phase 1C of the South County Recycled Water Pipeline Project. The South County Recycled Water Pipeline Short-Term Phase 1B/2A/1C/2B Projec...
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