SUBJECT
title
Member Annual Water Charge True-Up Examination (Action)
body
DESCRIPTION
This agenda item includes a request to accept two examination reports for the water charge - actual expenses prepared by Brynjulfson CPA, P.A. and an overview of the PRWC true-up results for Board information.
The annual invoicing of water charges to project participants for the Southeast and West Polk projects commenced with Fiscal Year (FY) 2024. This agenda item covers the billing of water charges for FY2024 and FY2025 which were based on projections in the respective annual Business Plans. Per the Implementation Agreements, the PRWC is to undergo an annual true-up examination of the projected to actual values. The water charge - actual expenses reports are the results of the examinations performed on FY2024 and FY2025 water charges previously billed.
An overview of the results of the examinations will be presented along with the impact on project participants in FY2027.
RECOMMENDATION
Accept the Schedule of Water Charge - Actual Expenses for the Fiscal Year 2024 Water Charge and the Schedule of Water Charge - Actual Expenses for the Fiscal Year 2025 Water Charge.
FISCAL IMPACT
Results of the annual water charge true-up are proposed to be applied to the FY2027 preliminary budget to be presented to the Board at the July 29, 2026 meeting. This will result in a reduction in the amount members need to budget for FY2027.
CONTACT INFORMATION
Eric DeHaven
Laura Guy-Rice