SUBJECT
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Preliminary PRWC Administrative Budget and Conservation Budget - FY2025 (Information)
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DESCRIPTION
The fiscal year 2025 Preliminary Administrative Budget for the PRWC is being presented for the Board’s information, review, and comment. This budget is related to the operations of the PRWC which includes staff, outside support, legal, financial, and office incidentals. This proposed budget consists of member government annual contributions of $346,516. This is an increase of $111,516 from Fiscal Year 2024.
The fiscal year 2024 Preliminary Conservation Budget for the PRWC is also presented for the Board’s review. The funds in this budget will be matched through a Heartland Headwaters grant. This proposed budget consists of member government annual contributions of $75,000.
Final budget resolutions will be presented to the BOD for consideration at the next BOD meeting on September 18, 2024. Since the member government contributions are greater than $200,000, the budget must be approved by a majority vote of a seventy-five percent (75%) vote of a quorum of the Board of Directors (BOD) using the weighted vote method. A quorum is defined as a majority of voting directors currently comprising the BOD, and the weighted vote method being defined as a procedure by which each Director is assigned one vote for each full 100,000 gallons a day annual average (water delivered by its Member Government for public supply) based on a five-year rolling average. The Conservation budget can be adopted by a simple majority of the BOD.
RECOMMENDATION
This item is presented for the Boards information and no action is required.
FISCAL IMPACT
No fiscal impact.
CONTACT INFORMATION
Eric DeHaven