Important considerations for Fiscal Year 2022
Fiscal Year 2022 Budget will be presented at April board meeting
A meeting of the Finance Committee will take place before South Fork Kings GSA’s next Board meeting to review the GSA’s 2022 budget. A draft budget will be discussed at the April 15th board meeting and should be finalized and considered for approval at the June 17th board meeting.
Items to consider in preparation of the 2022 budget include costs associated with responding to the Department of Water Resources (DWR) comments on the Groundwater Sustainability Plan (GSP) and a potential Prop 218 election.
In 2020, South Fork Kings GSA adopted the Tulare Lake Subbasin GSP and submitted it to DWR. DWR is now in the process of commenting on GSPs across the state and will complete their reviews by January 2022. South Fork Kings will need to set aside funding dedicated to responding to DWR when the comments are received.
Proposition 218 is a Constitutional Initiative approved by the voters of California in November 1996. It requires new or increased fees and assessments be approved by affected landowners. In 2018, South Fork Kings GSA landowners voted in favor of a $9.80 per acre assessment to cover the costs associated with implementing the Sustainable Groundwater Management Act (SGMA). The assessment was favored by 74% of received votes. Each year, the South Fork Kings GSA Board was to set a rate not to exceed the $9.80/acre maximum for the five-year lifespan of the assessment. All landowners within the boundaries of the South Fork Kings GSA, excluding those residing in the City of Lemoore, have been assessed the rate via Kings County tax rolls since fiscal year 2018-19.
The Prop 218 assessment that is in place for SFKGSA is set to lapse in 2023. If the Board decides that another Prop 218 election is necessary, holding an election will need to be accounted for in the 2022 SFKGSA budget.