SUBJECT
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Preliminary West Polk Wellfield Project 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 through the Implementation Agreement for the West Polk Lower Floridan Wellfield dated April 2021 for the design and construction of the West Polk (WP) Water Production Facility (WPF) and Transmission Mains (TM). 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