SUBJECT
title
Preliminary PRWC Combined Projects Budget - FY2026 (Information)
body
DESCRIPTION
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. This is an informational item in preparation for budget approval at the next PRWC BOD meeting.
This budget is related to project work to be completed under the Phase 1 Combined Projects’ Implementation project, which includes the continued work on the West Polk Test Production Well #2 (TPW#2), following BOD approval in January 2022.
This informational item recaps expenditures for previous FY budgets in addition to the budget for Fiscal Year 2026 for the Board’s information, review, and comments. The final budget will be presented for consideration and approval at the September 2025 BOD meeting along with the corresponding resolution.
RECOMMENDATION
Information only. This information will be presented again as an action item at the September 2025 BOD meeting.
FISCAL IMPACT
Approval of this budget at the September Board of Directors meeting will authorize PRWC to collect revenue and expend funds in accordance with the budget.
CONTACT INFORMATION
Eric DeHaven
Laura Guy-Rice