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ITEM: |
CONSENT
CALENDAR |
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5. |
CONSIDER APPROVAL OF EXPENDITURE
FOR MEASURE O ELECTION COSTS |
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Meeting
Date: |
April 20, 2015 |
Budgeted: |
N/A |
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From: |
David J.
Stoldt, |
Program/ |
N/A |
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General
Manager |
Line Item No.: |
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Prepared
By: |
Suresh
Prasad |
Cost
Estimate: |
$185,583.48 |
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General Counsel Review: N/A |
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Committee Recommendation: The Administrative Committee reviewed this item on April 13, 2015 and recommended approval. |
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CEQA Compliance: N/A |
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SUMMARY: On January 29, 2014, the Board took action with respect to Public Water Now Initiative Petition requesting the County Elections Department to conduct an election. The election was conducted as Measure O on June 3, 2014 by the County Elections Department. Attached as Exhibit 5-A is the invoice in the amount of $185,583.48 submitted by the County Elections Department for expenses related to the June 3 Measure O election.
RECOMMENDATION: District staff recommends that the Board authorize an expenditure of $185,583.48 for Measure O election costs that was conducted on June 3, 2014.
IMPACT ON RESOURCES: Since this election cost was not a budgeted item, the expenditure will be funded from the District’s reserve account. On February 18, 2015, the Board adopted Mid-Year Fiscal Year 2014-2015 Budget which anticipated an estimated Fund Balance of $4,118,069. With this election expenditure of $185,583.48 funded from the reserves, the estimated Fund Balance at the end of Fiscal Year 2014-2015 will be $3,932,485.
5-A Monterey
County Elections Department Invoice
U:\staff\Boardpacket\2015\20150420\Consent
Calendar\05\Item 5.docx