Department: Flood Control District
Department Head/Elected Official: Tina Petersen, Ph.D., P.E., Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Policy
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
title
Request for approval to create a Flood Control Maintenance Fund (proposed Fund 2891) to improve the financial management of non-payroll flood risk reduction infrastructure maintenance, vegetation management and other services.
end
Background and Discussion:
The Flood Control District is requesting the creation of a dedicated Flood Control Maintenance Fund (proposed Fund 2891) to improve the financial management of non-payroll flood control infrastructure maintenance, vegetation management and other services.
Maintaining flood risk reduction infrastructure is a crucial part of the Flood Control District’s mission. In the current state, flood control maintenance is primarily funded through the Flood Control District’s Operating & Maintenance General Fund (Fund 2890). However, allocated budgets in Fund 2890 do not carry forward from fiscal year to fiscal year, which results in a structural end-of-fiscal-year surplus that ranges from 10-15% of the Flood Control District’s annual budget. Creation of this fund (proposed Fund 2891) will enable the Flood Control District to better manage its annual budget and better maintain its portfolio of over $5 billion in flood control assets.
Expected Impact:
The creation of a Flood Control District Maintenance Fund will enable the Flood Control District to better deploy its annual budgets for maintenance activities in Fiscal Year 2025 and beyond, versus structurally preventing the spending of 10-15% of the Flood Control District annual budget each year.
Alternative Options:
If no action is taken, in future fiscal years the Flood Control District will not be able to carry forward critical infrastructure maintenance funding.
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
X Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any): N/A
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Precinct(s): Countywide
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Anticipated Court Date: May 7, 2024
Anticipated Implementation Date (if different from Court date):
Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item
Contact(s) name, title, department: Bruce Haupt, Chief Finance & Administration Officer, Flood Control District
Attachments (if applicable): Auditor’s Office Form 0288_ChartOfAccounts-FundRequest - HCFCD Fund 2891