BOARD AGENDA MEMORANDUM
SUBJECT:
Title
*Approve Implementation of a $1.225 Million Low-Income Residential Water Rate Assistance Program, with a $1 Million Relief Fund and up to $225,000 for Program Administration Costs; *Approve a Budget Adjustment for $1.225 Million to Fund the Total Program Cost; and Find that the Program Serves a Legitimate Public Purpose and is Consistent with District Act.
End
RECOMMENDATION:
Recommendation
A. Receive an update on the Low-Income Residential Water Rate Assistance Program (WRAP);
B. *Approve implementation of WRAP using $1.225 million of the ad valorem property tax, allocating $1 million for program relief and up to $225,000 for program administration costs;
C. *Approve a budget adjustment for $1.225 million to fund the total program cost; and
D. Find that WRAP serves a legitimate public purpose and is consistent with the District Act.
Body
SUMMARY:
*Staff is proposing to increase the administrative cost to up to $225,000, bringing the potential total cost of the WRAP to $1.225 million. Information presented in the original Board Agenda Memo estimated appropriating one-time funds of $1.15 million in the FY2021-22 Adopted Budget for the WRAP to be funded for one year, commencing with execution of the contract with the selected nonprofit, by one-percent ad valorem property tax revenue in the General Fund. This includes $1.0 million for funding to be disbursed into the community and up to $150,000 for administrative costs for a local organization to implement the program. However, after further analysis, staff estimates the potential administrative cost is expected to be between 5% and 22.5% of the total funding for the program, which is between $50,000 to $225,000.
The following is staff's summary of this item, as originally presented on the July 2, 2021 publication of the agenda:
At the April 28, 2021 Board of Directors Meeting, the Board directed staff to research potential options in which Santa Clara Valley Wat...
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