AgdaPkt 2019-04-08 Joint SA PFA - Laserfiche WebLink

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7.B. - Page 23 of 42 The Agency Would continue to collect the committed property tax revenue for the FCD. However, this property tax revenue Will continue to be restricted to only fund projects Within the designated Flood Zones Where the revenue is generated. The FCD currently collects approximately $3.8 miLLion annually in pre -Proposition 13 property tax revenue from three flood zones. Most of the revenue is generated and spent in the Colma Creek Flood Zone. In addition, the Agency Would continue to annually impose, collect, and direct to C/CAG two countywide property -related fees on the tax rolls that fund the Countywide Water Pollution Prevention Program. These fees generate approximately $1.5 miLLion per year for the C/CAG program and are restricted to efforts by C/CAG to support the County and the cities in complying with State requirements to address water quality issues associated with stormwater runoff. 5. Initial Staffing The governing board of the Agency will hire an Executive Director who will be charged with managing the Agency. In addition, the two County staff members now working on cross jurisdictional flood risks under the three existing MOUs would join the Agency. The Agency would hire additional staff members and also utilize consultant services as appropriate. During most or all of the initial three year Startup Period, the agency would enter into an agreement with San Mateo County to manage and operate the FCD. At such time as the Agency has hired its own staff and/or consultants with the expertise to handle this function, the agreement with the County would terminate. The Agency will obtain an accounting system such as Cost Accounting Management System (CAMS) to allocate staff time based on actual time spent (documented on employee timecards) to the various functions or projects they are working on. This will ensure that both direct and indirect (overhead) costs are tracked and charged to the appropriate areas (i.e., MOU projects, FCD functions, or Agency startup services) based upon the actual amount of time spent in each area and avoid subsidizing one functional area with funds derived from another. For example, the Executive Director may spend 20 hours of his or her time on FCD matters, to hours on MOU projects, and 10 hours on Agency startup services in a given week. For cost recovery purposes CAMS would then allocate his/her staff time charges as follows: 50% to the FCD, 25% to the MOU projects, and 25% to Agency startup services. Flood and Sea Level Rise Resiliency Agency Proposal 215