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FY2022 - 2031 Decade Plan
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The Decade Plan is a data-driven approach to planning for how the Water Authority’s future capital improvements support the priorities that guide Water Authority capital investments within the current customer rate structure. The Decade Plan is used as a blueprint to identify projects and proposed spending and is developed biannually, in even numbered fiscal years, that describes the proposed Capital Improvement Program (CIP) spending for the next ten years. It provides a direct link from the Water Authority’s financial plan to the proposed capital needs and includes detailed requirements for program development and project scope, budget, justification and alternatives.
The Decade Plan outlines projects in the Basic Rehabilitation Program, Special Projects, and Growth funding categories. Additionally, it outlines projects associated with Water 2120, the Water Authority’s 100-year water resources plan.
Approval by the Water Authority Board is required, with at least one public hearing and due deliberation. In those fiscal years where the Decade Plan must be updated, the new Decade Plan must be approved by the Water Authority’s Board before that year’s CIP budget can be approved. This policy ensures there is always an approved two-year planning element in place for every approved annual CIP budget.
FISCAL IMPACT:
None