BOARD AGENDA MEMORANDUM
Government Code § 84308 Applies: Yes ? No ?
(If “YES” Complete Attachment A – Gov. Code § 84308)
SUBJECT: Title
Approve the Fiscal Year 2025-26 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
Approve the Fiscal Year 2025-26 Safe, Clean Water and Natural Flood Protection Program Annual Report with text adjustments
Authorize staff to submit the Annual Report to the Independent Monitoring Committee for its review; and
Authorize staff to update the Annual Report with audited financials, as necessary.
Body
SUMMARY:
Fiscal Year 2025-26 (FY26) Safe, Clean Water Annual Report (Annual Report)
FY26 marked the fifth year for Santa Clara Valley Water District’s (Valley Water) voter-approved renewed Safe, Clean Water and Natural Flood Protection Program (Program). The voter-approved Program began July 1, 2021, and is implemented on a 15-year financial cycle. See Attachment 1 for Program background. The annual report (Attachment 2) provides FY26 progress for each project and the associated key performance indicators (KPIs).
Annual Report Improvements
This year’s Annual Report incorporates recommendations from the Safe, Clean Water Program independent audit (https://tinyurl.com/SCWauditFY22-24), along with feedback from the Independent Monitoring Committee’s (IMC) annual review, to further strengthen the clarity, transparency, and consistency of Program reporting. Enhancements include more comprehensive identification of project adjustments, including funding adjustments in addition to scope, text, and schedule changes, as well as improved financial reporting and explanatory notes. These improvements provide greater clarity on reserves, funding allocations, cost components, and reconciliation of financial figures. To access the IMC report and Valley Water management response, ...
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