FY 2026-27
Financial Report
Greater Portuguese Bend
Landslide Complex
September 15, 2026
SUMMARY OF CHANGES
SINCE AUGUST 4, 2026
Portuguese Bend Landslide
TOTAL October 2022 – June 2027
$42.0
68%
$6.6
11%
$12.9
21%
October 2022-June 2026
City Funds -
CIP & GF
CIP - LA
County
Agencies
Special
Revenue
Funds
$61.6M
$74.8M
TOTAL
~$50.9M (68% ) from City Funds (General Fund & CIP)
$8.9
67%
$4.3
33%
July 2026- June 2027 Budget
City Funds -
CIP & GF
Special
Revenue &
Grant Funds
$13.2M
(+$2.7M Budget
since August Report
– Taxes & Ab Cove
Sewer Repairs)
Portuguese Bend Landslide
FY2026-27 BUDGET = $13.2M
AUGUST 31, 2026 = $4.7M OR 35%
$0.3
$0.9
$2.1 $1.1
$0.3
$3.3 $1.6
$1.4 $1.9 $0.4
$5.7M
Emergency
Stabilization
(CIP)
$2.7M
PVDS Repairs
(Gas Tax, Prop C)
$1.8M
Ab Cove Sewer
Repairs
(CIP)
$1.9M
DDW 1-6 Permanent
Power (CIP, Grant)
$0.4M
PB Remediation
(CIP, Grant)
$0.9M
Tax Assessments
(GF)
Paid = $1.18M (9%) Committed = $3.5M (26%) Available = $8.6M (65%) Grants
FEMA/CALOES/LA COUNTY
Grants – Obligated and Received
Agency Obligated PAYMENTS
RECEIVED
% TO TOTAL COST
$74.8M
FEMA/CalOES - BRIC $2,295,092 $1,186,199* 2%
FEMA/CalOES – Public Assistance Winter Storms $574,335 $447,044 1% LA County – Supervisor Hahn ($10K Grants and CIP) $5,000,000 $5,000,000 7% LA County – Flood Control $2,000,000 $2,000,000 3%
LA County – Sanitation District No. 2 $4,000,000 $4,000,000 5% TOTAL RECEIVED $13,869,427 $12,633,243 17%
(No changes since the August Report)
KCLAD and ACLAD
Loans
KCLAD
Loan Update $1,917,500
$1.5M Spent or 78% (+$300K since August
report_
KCLAD Loan:
$1.91M
YTD ($):$1.5M
YTD (%): 78%
Balance: $425K
Due: $185K Dec 26
~No legal service
charges $132
$159
$18,961
$25,698
$90,523
$88,000
$102,324
$901,171
$265,430
0%
0%
1%
2%
6%
6%
7%
60%
18%
Board Expenses
Bank Charges & Fees
Admin consulting
Geology Consulting
Utilities SCE, Cal Water, generator
Extraordinary Repair
Well Drilling Expense
Well Maint - Pipeline Maint
Well Maint - Channel Maint
(+$300K since August report)
ACLAD
Loan Update $1,610,000
100% Spent
$161
$43,360
$70,640
$354,176
$1,141,196
0%
3%
4%
22%
71%
Office Supplies and Fees
Surface Drainage
Power Utilities, Propane, SCE, Diesel, Generator,
Parts
Well Maint - Service and Parts
Well Drilling and Pumps ACLAD Loan:
$1.61M
YTD ($): $1.6M
YTD (%): 100%
Balance: $459
$157K due Dec 26
~No legal service
charges
Thank you!
Portuguese Bend Landslide
FY2025-26 BUDGET = $17.9M
YEAR-END = ~$13M OR 72% OF BUDGET
Portuguese Bend Landslide
Ab Cove Sewer
FY2026-27 BUDGET = $10.6M & $1.8M
$0.4
$1.9
$2.7
$5.7
-
1.0 2.0
3.0 4.0
5.0 6.0
PB Landslide
Remediation
(CIP, Grant)
DDW 1-6
Permanent
Power (CIP,
Grant)
PVDS Repairs
(Gas, Metro)
PB Landslide
Stabilization
Measures
(CIP)
$1.8
-
0.5 1.0
1.5 2.0
Ab Cove Sewer
(CIP)
Portuguese Bend Landslide
FY 2025-26 BUDGET = $17.9M
Year-End Estimate = $14M or 22% Lower than Budget
5.7 1.7
1.8 0.8
0.9 0.3
0.5 0.1
0.7 0.4 0.2
1.4 1.2
2.0 Emergency
Stabilization
(CIP)
Ab Cove Sewer
Repairs (CIP)
PVDS Repairs
(Gas, Metro)
DDW 1-6
Permanent
Power
(CIP+Grant)
Hydrology &
Hydraulics
Study (CIP)
Tax
Assessments
(GF)
Remediation
(CIP)
Available = $4.6M (26%)
Committed = $2.1M (12%)
Paid = $11.2M (63%)
$7.6M $3M $2.5M $2.1M $1.3M $0.9M $0.5M
YE= $6.2M YE= $1.8M YE= $0.8M
FEMA/CALOES/Other Grants
Federal Grants – Pursuing/Awarded
(Not Obligated)