REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF BOARD GOVERNED COUNTY SERVICE AREAS
AND RECORD OF ACTION
February 8, 2022
FROM
BRENDON BIGGS, Director, Department of Public Works - Special Districts
SUBJECT
Title
Budget Increase for Trona Earthquake Excavation Sewer Line Repairs
End
RECOMMENDATION(S)
Recommendation
Acting as the governing body of County Service Area 82 - Searles Valley, approve 2021-22 budget adjustments, as detailed in the Financial Impact Section, to establish a budget of $712,162 for Trona Earthquake Excavation Sewer Line Repairs and authorize the Auditor-Controller/Treasurer/Tax Collector to post the adjustments (Four votes required).
(Presenter: Brendon Biggs, Director, 387-7906)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
Provide for the Safety, Health and Social Service Needs of County Residents.
FINANCIAL IMPACT
This item will not result in the use of Discretionary General Funding (Net County Cost) as the $712,162 projected cost of the Trona Earthquake Excavation Sewer Line Repairs will be funded entirely by County Service Area 82 (CSA 82) Searles Valley through the following:
* Use of Net Position - CSA 82 Operating Fund ($462,162).
* Operating Transfers In from CSA 82 Capital Replacement Reserve Fund ($100,000).
* Loan proceeds from CSA 70 (Countywide) Revolving Loan Fund ($150,000).
CSA 82 Searles Valley will repay the $150,000 loan with interest at the County Treasurer's Investment Pool rate.
The following 2021-22 budget adjustments are needed to proceed with the subject repairs:
Fund Center
Commitment Item
Description
Increase/ (Decrease)
CSA 82 Searles Valley - Operating Fund
4950004866
52002445
Other Professional and Specialized Services
$533,135
4950004866
55405012
Services and Supplies - Transfers Out
$179,027
4950004866
40909975
Operating Transfers In
$100,000
4950004866
40909985
Long Term Debt Proceeds...
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