SUBJECT
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Preliminary Combined Projects Budget - FY2025 (Information)
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DESCRIPTION
Per the requirements of the Interlocal Agreement Creating the Cooperative 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 the budget approval at the next PRWC BOD meeting.
This budget is related to the project work being completed under the Phase 1 Combined Projects’ Implementation project, which now includes the continued work on the SE Test Production Well #3 (TPW #3) and the West Polk Test Production Well #2 (TPW#2), following BOD approval in January 2022. In January 2023 the remaining contracted work for the Southeast Wellfield, West Polk LFA, Peace Creek Integrated Water Supply Plan and the Peace River and Land Use Transitions portions of the Phase 1 Combined Projects was completed.
This item recaps expenditures on previous FY budgets and includes budgets for FY 2025 for the Board’s information, review and comment. A final budget will be presented for consideration and approval at the September 2024 BOD meeting, which will memorialized by resolution.
RECOMMENDATION
Information only. This information will be presented again as an action item at the September 2024 BOD meeting.
FISCAL IMPACT
Approval of this budget at the September Board of Directors meeting will authorize PRWC staff to collect revenue and expend funds in accordance with the budget.
CONTACT INFORMATION
Katie Gierok
Eric DeHaven