SUBJECT
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Draft 2025 Business Plan Review (Information)
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DESCRIPTION
The Business Plan is a management planning tool that will be updated annually as assumptions evolve into actual data points and future conditions are refined. Annual updates encompass changes in capital funding, level of operating expenses, allowances for estimated inflation, administrative policies, and member water needs from the previous year. The key areas that are anticipated to drive changes in the business pan include:
* Financial changes (interest rate and inflation assumptions, actual expenditures or other changes in timing of funding)
* Demand allocations and future supply needs
* Additional grants and appropriations received
This Business Plan Update includes the funding needed for Phase I of both the Southeast and West Polk Wellfield projects along with that for Administrative, Conservation Program, and Combine Projects programs. The funding summary for the programs has been updated to incorporate additional Heartland grant funding and legislative appropriations, the 90% CMAR estimate for the Southeast project, and the West Polk Project delay. The financial results incorporate requests by the PRWC to delay the repayment of the existing SRF loans to conform with the prolonged spend plan. Two of the three SRF loan modifications have been approved by the FDEP, with the West Polk Wellfield loan update pending. The updated forecast also accounts for third-party operator input on operational expenses and a delayed project reimbursement schedule from the Water Management District.
Summary tables are provided for each member which estimate the projected annual cost for all PRWC programs combined.
RECOMMENDATION
This item is an Information Item, and no Board action is required.
FISCAL IMPACT
The Project Annual Member Payments tables provided should be used for member budgeting of Fiscal Year 2026 PRWC costs. They also provide long-term program and individual member proje...
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