BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT:
Title
Work Study Session on the Capital Improvement Program Preliminary Fiscal Year 2025-29 Five-Year Plan and Preliminary Fiscal Year 2024-25 Groundwater Production Charges.
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RECOMMENDATION:
Recommendation
A. Review and approve the Capital Improvement Program Evaluation Team's recommendation to include four new capital projects in the Recommended CIP Preliminary Fiscal Year 2025-29 Five-Year Plan;
B. Review and approve the Recommended CIP Preliminary FY 2025-29 Five-Year Plan; and
C. Discuss and provide direction on the Preliminary FY 2024-25 Groundwater Production Charge analysis.
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SUMMARY:
Each year, the Capital Improvement Program (CIP) team prepares its rolling five-year plan, which is presented for Board consideration and approval. The CIP Five-Year Plan describes the Santa Clara Valley Water District (Valley Water) capital investments by type of improvement and provides information on planned capital projects and Valley Water's intended source(s) of funding.
The annual CIP process, wherein capital project plans are updated to reflect changes to scope, schedule or planned expenditures, works in concert with the biennial budget process, by which funding is appropriated to the projects and the groundwater production charge process, by which water rates are established.
This Work Study Session combines, for Board review, the Recommended CIP Preliminary FY 2025-29 Five-Year Plan (Attachment 1), which reflects the CIP Evaluation Team's recommendations (referenced below) and consists of a list of projects organized by type of improvement, with estimated costs and proposed funding sources, and the Preliminary FY 25 Groundwater Production Charge Analysis.
Background
As part of the annual CIP process, capital project plans are updated to reflect all changes to scope, schedule, or planned expenditures from the B...
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