SUBJECT
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Preliminary West Polk Project Budget - FY2026 (Information)
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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 Amended and Restated Implementation Agreement for the West Polk Lower Floridan Wellfield dated July 2022 for the design and construction of the West Polk (WP) Water Production Facility (WPF) and Transmission Mains (TM).
Commencing with FY 2026, this project budget includes an allocation from the administrative budget for the contractual employees’ salaries based on its pro rata share of the total Southeast and West Polk budgets.
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 comment. 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