1. FY 2026-27 FCGMA Budget Adopted — Expenses Will Exceed Revenue, Offset by Reserves The Board adopted the agency's annual budget for Fiscal Year 2026-27. Staff acknowledged that projected expenses will exceed revenue, but emphasized this is intentional — the agency will use about $833,000 from its working capital reserve to cover the shortfall so that extraction rates can remain as low as possible. The largest single line item is Public Works Agency (PWA) charges for personnel and county services, and the budget is built on a "maximalist" assumption (all positions filled at top pay scale), meaning actual spending will likely come in lower.
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