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Lower Dungeness floodplain project closes; county to sweep remaining reserves to general fund
Summary
County staff said the Lower Dungeness floodplain capital project is closing out, with $311,505 in reserves to be transferred back to the general fund to repay prior working capital advances; staff said indirect charges make the project roughly budget neutral for the general fund.
Clallam County staff told commissioners on May 12 that the Lower Dungeness Floodplain project is effectively closed and that remaining project reserves — roughly $311,505 — will be transferred back to the general fund to repay prior working capital advances.
The update is fiscally significant because the general fund advanced a total of $5,421,118 in working capital to the project across 2019–2022; the planned transfer will bring total repayments to $5,287,505 and leave a shortfall of $133,613. County staff said that when accounting for state‑approved indirect charges applied to the project over the years, the general fund is effectively at or near breakeven.
County staff said the supplemental appropriation and budget revision are needed to reflect final closeout amounts after receipt of a retainage release from the Department of Commerce (HCD). Staff plan to present the formal supplemental appropriation for adoption on May 27.
Commissioners and staff discussed the multi‑phase nature of the larger effort and that the closure reflects consolidation of grants and final invoices. County finance staff said they are preparing a longer summary for commissioners that will break down road fund and general fund impacts and describe lessons learned from the multi‑year project.
Staff indicated they budgeted conservatively for 2025 and did not assume any return to the general fund; the unanticipated release of retainage produced the available funds to repay working capital. The county will finalize accounting entries once the carryback and retainage receipts are posted.
