File #: 22-1248    Version: 1 Name:
Type: CEO Item Status: Agenda Ready
File created: 10/19/2022 In control: Board of Directors
On agenda: 11/8/2022 Final action:
Title: Approve the Central Fiscal Year 2021-22 Year-End and Fiscal Year 2022-23 Budget Adjustments.
Attachments: 1. Attachment 1: SCVWD Resolution No. 22-31

BOARD AGENDA MEMORANDUM


SUBJECT:Title
Approve the Central Fiscal Year 2021-22 Year-End and Fiscal Year 2022-23 Budget Adjustments.


End
RECOMMENDATION:Recommendation
Approve the Central Fiscal Year 2021-22 Year-End and Fiscal Year 2022-23 Budget Adjustments.


Body
SUMMARY:
In adhering to Governance Policies of the Board and specifically Executive Limitations EL-4, staff respectfully submits central budget adjustments to the FY 2021-22 Adjusted Budget and FY 2022-23 and 2023-24 Rolling Biennial Adopted Budget, which are necessary to better align limited allocated resources with the Board's Ends, meet Board priorities, and to continue to provide for a balanced budget.

A brief description of the FY 2021-22 central budget adjustments is presented below:

1. Capital Project: 26244001 Permanente Creek Flood Protection Project ($352,202 Increase):
The Permanente Creek Flood Protection Project closeout has been delayed until December 2023. The application process for Letter of Map Revision (LOMR) to the Federal Emergency Management Agency (FEMA) is ongoing and the Hydrology and Hydraulics (H&H) is working on the first round of comments. The total process typically takes 1-2 years and is estimated to be completed by December 2023. At the Rancho San Antonio location, the archaeological report still needs to be finalized by the consultant and has required more effort from Valley Water staff than anticipated. It is estimated to be completed by March 2023. Additionally, County Parks' requested pavement repairs was performed, but needs their approval before closeout. It is expected to be completed by November 2022.

2. Capital Project: 92764009 Small Caps, Raw Water T&D ($432,000 Increase):
The Almaden Valley Pipeline (AVP) is used to supply raw water to Valley Water's treatment plants, groundwater recharge facilities, and service connections. During FY22, analysis indicated several sections of the pipeline reached a critical level of distress and were at risk of ...

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