Draft FY 2026-2027 expense budget (~$40M) was reviewed; revenue budget and final adoption are planned next month. Terminus held ~150,000 AF; water year estimate 51–68%; release start date pending a Thursday association meeting. FEMA funding remains uncertain; board discussed case-by-case cost sharing, with more discussion expected next month.
Kaweah River outlook is below average (~51% if no added inflow; forecasts up to 68%). CVP Class One stays at 100%, while south-of-Delta remains 20%. Staff reviewed a draft ~$40M FY 2026–27 expense budget including ~$2.5M GSA payback/interest, ~$7.2M FEMA assumptions, and $6.3M MLRP reimbursements; more next month.
