King County Flood Control District
Sub-Regional Opportunity Fund

The application deadline is Wednesday, October 5, 2011

Allocation

• The Opportunity Fund is 10 percent of the King County Flood Control District’s (District) annual levy proceeds.
• The Opportunity Fund for 2012 is estimated to be $3,630,219 based on projections from the King County Office of Strategy, Performance, and Budget.
• Proposed proportional allocation of funds amongst the 40 King County jurisdictions, based on assessed values and annexations (May 2010).

Application Instructions

2012 Opportunity Fund Application Packet (MS Word RTF, 1.7MB)

Instructions:

1. Review eligibility criteria.
2. Consider options for leveraging funds.
3. To complete the application, save the Microsfot Word document to your computer and fill in all fields.
4. Fields will expand as text is entered. However, fields are character-limited and the form will not expand beyond two pages.
5. Return the completed application by the deadline to:  ken.pritchard@kingcounty.gov.
6. For questions about the application process, contact Ken Pritchard.
7. For questions about the reimbursement process, contact Katrina Johnston.
8. Application deadline: Wednesday, October 5, 2011

Next Steps:

• Applications will be reviewed for completeness and consistency with the eligibility criteria.
• Proposed projects will be combined into a single list, which will become part of the proposed annual work program and budget for the Board of Supervisors* to consider.
• The submittal of an acceptable application by a jurisdiction, and approval of that application by the Board of Supervisors through their approval of the annual work program and budget, will create and constitute an approved amendment to the interlocal agreement each jurisdiction has with the District.
• The interlocal agreement provides that the District will grant funds for the project in consideration of each jurisdiction's agreement to construct the project and take over operation, ownership, maintenance and repair obligations for the project.
• The interlocal agreement also stipulates that the schedule for a project must provide for the expenditure of Opportunity Funds within two years after the commencement date of the project.

Advanced Funding Request

• Following approval of the Opportunity Fund project list by the Board of Supervisors, the District shall, at the request of a jurisdiction, make 10 percent of the jurisdiction's funds available within 30 days of the receipt of the request. Please use the below form to submit a request.

Opportunity Fund Advance Request Form (MS EXCEL, 137KB)

Reimbursement and Progress Reports

Opportunity Fund Reimbursement Request Form - (MS Excel 2007; 81KB)
Note: Tabs include Expense Report, Progress Report and Final Progress Report Forms

• All remaining funds shall be issued on a reimbursement basis following a jurisdiction’s submittal of a completed reimbursement form and accompanying documentation to King County.
• Jurisdictions are required to provide the District with semiannual progress reports updating the status of projects, as well as a final report, which shall be provided within 90 days of project completion.
• While not specified in the interlocal agreement, we ask that jurisdictions submit semiannual progress reports by June 30 and December 31 of each year.

Opportunity Fund Background

In authorizing the District, the Board of Supervisors* authorized a property tax levy to fund the District’s work program. As allowed under the District’s statutory authority in Chapter 86.15 RCW*, the Board of Supervisors set aside ten percent of the District's annual levy proceeds for a Sub-Regional Opportunity Fund.

Following the recommendations of the District’s Basin Technical Committees and Advisory Committee*, the Board of Supervisors determined the Sub-Regional Opportunity Fund should be implemented as follows:

• Allocation: Funds are distributed to each jurisdiction proportional to assessed valuation (AV) for an eligible project or activity.
• Eligible Activities: Opportunity Funds shall be used for any project or activity that is consistent with the statutory authorization of Chapter 86.15 RCW*. This can include flood control and stormwater improvements, as well as watershed management activities such as habitat conservation, if such projects are linked to flood or stormwater activities. Read more.

*External link.