SUBJECT
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Adopt Resolution 2026-14 for the Final PRWC West Polk Wellfield Project Budget - FY2027 (Action)
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DESCRIPTION
The Fiscal Year (FY) 2027 Final West Polk Wellfield Project Budget for the PRWC is presented for the Board’s consideration and approval. Per the requirements of the Interlocal Agreement creating the Cooperative and entered into on June 1, 2016, the Cooperative shall submit a budget of the Water Project Costs with a copy of the tentative budget no later than 30 days before the budget hearing. The draft West Polk Wellfield Project Budget was submitted to the Board of Directors for information at the July 2026 BOD meeting.
This budget is related to project work to be completed under the Amended and Restated Implementation Agreement for the West Polk Lower Floridan Wellfield dated July 2022 for the design and construction of the West Polk (WP) Water Production Facility (WPF) and Transmission Mains (TM).
The Business Plan for FY 2027 included the pro-rata allocation of administrative contractual employees’ salaries in the West Polk project costs. These costs are reflected in the total FY 2027 budget.
Included with this agenda item is Resolution 2026-14 which memorializes the Regular Board of Directors action of approving the FY 2027 Final West Polk Wellfield Project Budget. Exhibit A recaps expenditures on previous FY budgets and the budget for FY 2027. Exhibit B is the water charge consisting of a Base Rate Charge for FY 2027. Project Participants shall be obligated to pay these charges upon receipt of billing to commence October 2026 and end September 2027.
RECOMMENDATION
Approve Resolution 2026-14 for the FY 2027 PRWC Final West Polk Wellfield Project Budget.
FISCAL IMPACT
Approval of this item will allow PRWC to collect funds from member governments for the PRWC Final West Polk Wellfield Project Budget as referenced in Exhibit A and Exhibit B of Resolution 2026-14 and to expend funds accordingly.
CONTACT INFORMATION
Eric DeHaven
Laura Guy-Rice