BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Central Budget Adjustments for 2018-19.
End
RECOMMENDATION:
Recommendation
Approve the central budget adjustments to the 2018-19 Budget as adopted by the Board per Resolution 18-30.
Body
SUMMARY:
In adhering to Governance Policies of the Board and specifically Executive Limitations EL-4, staff respectfully submits central budget adjustments to the 2018-19 Budget which are necessary in order to better align limited allocated resources with the Board's Ends, meet Board priorities, and continue to provide for a balanced budget.
A brief description of the 2018-19 central budget adjustments are presented below:
1. Project: 65052001 Presidents Day Flood ($980,000 Increase): Funds had been previously allocated to provide outside counsel expertise for defense and litigation expenses. This adjustment would carryforward unspent 2017-18 Budget to the 2018-19 Budget.
2. Project: 26061019 Support Volunteer Cleanup - B7 ($429,000 Increase), Project 26061006 Pollution Prevention - B3 ($697,000 Increase, Project 26061007 Grants to Rest Habitat - D3 ($571,000 Increase): On March 13 and May 8, 2018, the Board approved funding for new grant awards, however, the agreements have not been executed as budgeted in 2017-18 and reallocation of these funds were not formulated as part of the 2018-19 Budget. This adjustment would carryforward unspent 2017-18 Budget to the 2018-19 Budget. These adjustments are critical in order to meet grant cycle targets set by the Safe, Clean Water program.
3. Project: 26061010 Nitrate Treatment System Rebate ($49,012 Decrease): On May 23, 2018, the Board approved modification to the Nitrate Treatment System Rebate Program of the Safe, Clean Water Partnerships and Grants Program to reduce the Nitrate Rebate Program to $141,000 for the 15-year life of the program. Per Board direction, the reduced Nitrate Rebate Program budget will help offset the demand from the cities and community for encampment cleanu...
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