Agenda Item
7.8 26-0092Consideration of a Resolution Increasing Reserve Cancelation Making Additional Funding Available for Robin Lane Sewage Release Event Response and Streamlining Processes, by Amending Resolution 2026-08 Amending Resolution 2025-118 Adopting Final Budget for Fiscal Year 2025-2026 to Cancel $500,000 in Reserve Designations in Disaster Response and Recovery (Fund 110) and Transfer to LACOSAN SE Regional System (Fund 254) to Increase Reserve Cancelation by $1,000,000 and Remove Transfer to LACOSAN SE Regional System
Can you clarify the current balance of Fund 110, how much will remain in reserve after this cancellation, and the criteria used to determine when and how reserve designations are drawn down during an active emergency?
Understanding the remaining reserve capacity is important for evaluating risk, especially given the uncertainty around long-term recovery costs and the potential for additional emergencies during the fiscal year.
What are the specific barriers to accessing state and federal emergency funding?
I hope you can appreciate why some of us have asked broader questions about discretionary spending. Once reserves are tapped, how the remaining funds are prioritized matters, even seemingly small amounts.