BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Funding reallocation of approximately $650,000 of surplus funds in Safe, Clean Water and Natural Flood Protection Program Fund 26 Reserves (Fund 26 Reserves) resulting from the Project A2: Safe, Clean Water Partnerships and Grants (Nitrate Treatment System Rebate Program) modification (pending Board approval of May 23, 2018 Agenda Item 2.1) to other Project(s) within the Safe, Clean Water and Natural Flood Protection Program.
End
RECOMMENDATION:
Recommendation
If the Board approves the modification to the Nitrate Treatment System Rebate Program Key Performance Indicator (May 23, 2018 Agenda Item 2.1), staff recommends that the Board:
A. Reallocate approximately $650,000 of surplus funds in Fund 26 Reserves to Project B4 Good Neighbor Program: Encampment Cleanup (Encampment Cleanup Project); or
B. Provide direction to staff as to the disposition of all or a portion of the approximately $650,000 of surplus funds in Fund 26 Reserves
Body
SUMMARY:
Project A2 Modification Background
On July 24, 2012, the Board adopted Resolution No. 12-62, which specifies the limits and conditions by which the District is authorized to institute a special parcel tax for the Safe, Clean Water and Natural Flood Protection Program (Safe, Clean Water Program). As set forth in that Resolution, the Board of Directors may direct that proposed projects in the Safe, Clean Water Program be modified (i.e. revisions made to the Key Performance Indicators) or not implemented (i.e. due to federal and state funding limitations), depending upon a number of factors. To modify or decide not to proceed with implementing a project, the Board must first hold a formal, public hearing on the matter, noticed by publication, and notification must be provided to interested parties.
On April 10, 2018, the Board held a formal public hearing on the proposed modification to Project A2: Safe, Clean Water Partnerships and Grants (Nitrate Treatment System Rebate Pr...
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