BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT: Title
Approve the Fiscal Year 2024-25 Safe, Clean Water and Natural Flood Protection Program Annual Report with Proposed Text Adjustments and Authorize Submission to the Independent Monitoring Committee for Review.
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RECOMMENDATION: Recommendation
A. Approve the Fiscal Year 2024-25 Safe, Clean Water and Natural Flood Protection Program Annual Report (Annual Report) with text adjustments;
B. Authorize staff to submit the Annual Report to the Independent Monitoring Committee for its review; and
C. Authorize staff to update the Annual Report with audited financials, as necessary.
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SUMMARY:
Fiscal Year 2024-25 (FY25) Safe, Clean Water Annual Report
FY25 marked the fourth year for Santa Clara Valley Water District's (Valley Water) voter-approved renewed Safe, Clean Water and Natural Flood Protection Program (Program).
The renewed Program became effective on July 1, 2021 (FY22), and is implemented on a 15-year financial cycle. See Attachment 1 for Program background. This annual report (Attachment 2) provides FY25 progress updates for every project in the Program. The projects have specific key performance indicators (KPIs) to monitor the long-term performance.
For transparency and accountability, an external Independent Monitoring Committee (IMC) appointed by the Board conducts an annual review of the Annual Report and provides its recommendations to the Board.
Annual Report Improvements
On March 11, 2025, the IMC provided its recommendations to the Board to further improve the annual report (tinyurl.com/11Mar2025IMCreport.)
This was followed by Valley Water staff presenting the Management Response to the Board (tinyurl.com/11Mar2025MgmtResponse) and receiving directions on implementation. Valley Water has since implemented the recommendations, including the incorporation of information on debt financing for capital...
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