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Board adopts 2026 reserve resolutions for water, sewer and general funds
Summary
Directors adopted three annual resolutions (Res. 2606, 2607, 2608) setting 2026 reserve levels across water, sewer and general funds, increasing several reserve lines and leaving $4 million in unrestricted cash for flexibility.
Director of Finance and Administration Ryan Philpott (Speaker 7) presented three related resolutions to establish 2026 reserve amounts for the water, sewer and general funds, noting staff's recommendation followed board policies that require annual reevaluation. Philpott summarized six reserve categories (operating reserves, fleet and equipment replacement, infrastructure capital replacement, water system acquisition, priority project capital reserve, and debt service reserve) and reported increases in multiple lines — for example, water operating reserves increasing from about $1.8 million to about $2.1 million and a $1 million annual increase to rebuild the water system acquisition reserve toward a $3 million target.
Board members discussed the reserves and asked questions about which funds could subsidize a potential customer assistance program; staff clarified they cannot use water rate revenue for assistance and must rely on the general fund for any customer-assistance program. The board then adopted Resolutions 2606 (water), 2607 (sewer) and 2608 (general fund reserves) individually by voice votes.
