BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT:
Title
Receive the Fiscal Year 2025-26 Second Pass Biennial Budget Overview.
(*Previously listed as Item 3.9)
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RECOMMENDATION:
Recommendation
Receive and discuss the overview of the Santa Clara Valley Water District's Fiscal Year 2025-26 Second Pass Biennial Budget.
Body
SUMMARY:
The Santa Clara Valley Water District (Valley Water) develops the rolling biennial budget to allocate the public's funds that are necessary to provide Silicon Valley with safe, clean water for a healthy life, environment, and economy. The development of Valley Water's budget is accomplished in an open transparent process providing opportunity for Board and public input. This report presents the second pass budget update and schedule for development of the final Fiscal Year (FY) 2025-26 Biennial Budget. The process includes over nine (9) open session discussions, and the online budget simulation tool, providing the Board and public significant opportunity for input. In addition to the Board open sessions, Board Advisory committees have opportunities for input during the development of the Budget. The Board has scheduled Budget work study sessions on April 23 and 24. The process is scheduled to conclude with the adoption of the budget on May 27, 2025.
The Second Pass budget includes the most recent revenue and expense assumptions that support the second pass results. The update includes the release of five (5) frozen positions in FY26 as compared to first pass to address various workload priorities. The positions would help achieve key outcomes which help Valley Water ensure effective operations and maintenance programs.
In addition, the Second Pass budget includes additional funding for various services and supplies expenses such as Valley Habitat Plan fees, Fair Chance and Disabled Program support, and the Water Rate Assistance Program.
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