12 - Laserfiche WebLink

Also, planning and design is proposed for other Chain of Lakes projects such as the Chain of Lakes - Cope Lake to DVWTP Pipeline and Chain of Lakes Facilities and Improvements for the Water System. Projected end of fiscal year balances for Fund 120 are shown in the table below: FY 2019 FY 2020 FY 2021 FY 2022 F\ 2023 Fl 2024 Fund 120 Ending Balance 532,655,791 $38,592,597 540,246,975 $40,694,007 $16,956,017 $3,830,279 Water Supply Reliability Projects In a normal year, over eighty percent of the Agency's supply is derived from the State Water Project. The State Water Project reliability has been declining over the years due to increasingly stringent regulations, declining infrastructure and Delta conditions, and climate change. To protect the Livermore Valley's major water supply,the Agency has been supporting the California WaterFix. While the Agency's current plan includes participation in the California WaterFix, the findings from the 2016 Water Supply Evaluation Update (WSE Update) indicated the Agency's need to pursue additional water supply options to bolster interim reliability until California WaterFix is in place, to address the uncertainties of future regulatory requirements and impacts on Delta water supply,to potentially replace a water transfer agreement with Byron Bethany Irrigation District and to meet the demands of future customers. To that end, the Agency continues to evaluate alternative water supply and storage options such as the Bay Area Regional Desalination Project, Potable Reuse, Los Vaqueros Expansion, Sites Reservoir, and water transfers. Ultimately, the Agency may choose to implement one or a portfolio of these options depending on the results of the studies and planning efforts, the amounts and timing of development and conservation,and the determination of costs and benefits to the Livermore Valley. The Water Supply Reliability projects under consideration are the Bay Area Regional Desalination Project,Potable Reuse, Los Vaqueros Expansion and water transfers. At this time,is anticipated that Sites Reservoir will be funded from Connection Fees and is not included in the water rates. Moving forward, staff anticipates continued pursuit of a number of long-term water supply alternatives. With the 2018/2019 Water Supply Evaluation Update(2018/2019 WSE Update),the Board is expected to direct staff on which options to continue to pursue. While the analysis for the 2018/2019 WSE Update is still in progress, staff expects that Water Supply Reliability Projects will be needed to meet Zone 7's Reliability Policy for existing customers as well as to meet future demands from development. Funding currently exists for development through Fund 130; a similar source of funding is required to serve the needs of existing customers. For planning purposes, staff has assumed that California WaterFix and other water supply reliability projects could provide existing customers long-term reliability in accordance with Board policy. For example, Los Vaqueros Reservoir Expansion would provide storage and a source of emergency supply. Water transfer purchases would be needed in the interim before any large-scale water supply project is implemented in the next eight to fifteen years. Based on these assumptions—and accounting for available funds from Fund 310—staff estimates a need for a minimum of$3M and up to $15.2 million in Water Supply Reliability Projects funding from water rates from FY 2018-19 through FY 2021-22. 5