BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT:
Title
Water Supply Capital Workshop to Review the Capital Validation and Evaluation Processes, Review the Funding Filters for Prioritization, Introduce New Capital Funding Categories, and Provide an Overview of Capital Projects Included in the Capital Improvement Program Fiscal Years 2024-28 Five-Year Plan Funded by the Water Utility Enterprise Fund.
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RECOMMENDATION:
Recommendation
Receive information and provide feedback, as necessary.
Body
SUMMARY:
On May 16, 2023, upon adoption of the Capital Improvement Program (CIP) Fiscal Year (FY) 2024-28 Five-Year Plan, Santa Clara Valley Water District's (Valley Water) Board of Directors requested a workshop for all projects in the CIP. The majority of Valley Water's capital projects are funded primarily by three funds: the Watershed Stream Stewardship Fund (Fund 12); the Safe, Clean Water and Natural Flood Protection Program Fund (Fund 26); and the Water Utility Enterprise Fund (Fund 61). Today's Water Supply Workshop focuses on projects funded by Fund 61. The Fund 12 and Fund 26 Workshop will be conducted in January in alignment with the Board's review of the CIP Preliminary FY 2025-29 Five-Year Plan.
The majority of revenue for Fund 61 is generated by water charges. Valley Water's District Act provides that water charges may be levied to further the protection and augmentation of the water supplies as well as produce groundwater for beneficial use; may be collected from all those within a zone who own or operate water producing wells whether currently active or not; and that water charge revenue may be used to pay for: water supply, water quality, and infrastructure. CIP Water Supply Projects are funded primarily through water charges and are categorized into the following types of improvements: Storage Facilities, Transmission Facilities, Treatment Facilities, and Recy...
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