HomeMy WebLinkAbout7 Adoption 2004 Budget Agenda Item # 7
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.; _ DONNER
Utility
Memorandum
To: Board of Directors
From: Peter Holzmeister
Date: December 12, 2003
Subject: Adoption of the budget for 2004
Why this matter is before the board: This item involves adoption of the budget for
2004, along with the budget overheads. Only the board of directors is authorized to
adopt the budget.
History : We began preparation of the budget in September with the Strategic Planning
Workshop facilitated by Bob and Martin Rauch. Based on the results of that workshop,
and with assistance from the management staff of the District, a draft budget for 2004
was prepared and submitted to the board for review.
In a board workshop on November 25, 2003, 1 prepared a comparison of actual
expenses versus 2004 budget; strategic plan projects; analysis of electric and water
reserve goals; recap of both electric and water facilities fees and 2004 budget projects;
recap of both electric and water current and proposed rates; recap of electric and water
current and proposed connection charges; and electric current and proposed facilities
fees.
New information: We will hold a public hearing on December 17, 2003. At the
conclusion of the hearing, you will be in a position to adopt the 2004 budget.
Recommendation: I recommend that the board adopt the resolution adopting the
budget for 2004.
°� w NullCKE DO
Public Utility
istrict
Resolution No . 2003- XX
ADOPTING THE BUDGET AND OVERHEAD RATES FOR 2004
WHEREAS the Board of Directors and staff of the District participated in a strategic plan workshop in
September of 2003 to identify priority issues to be addressed by the District during 2004 and to initiate
budget preparation; and
WHEREAS District staff has prepared a draft budget for District operations and capital spending forthe
year 2004 taking into account the strategic plan issues; and
WHEREAS the Board of Directors of the District has participated in a budget workshop and has
conducted a public hearing on the draft budget; and
NOW THEREFORE BE IT RESOLVED by the Board of Directors of Truckee Donner Public Utility
District as follows:
1. The draft budget for 2004 is hereby adopted
2. The following budget overhead rates are adopted
Overhead Item Overhead Rate
Labor Overhead 96.67%
Transportation Overhead 26.25%
Inventory Overhead 22.32%
Administrative Overhead 1.67%
Construction Overhead 56.47%
Non-inventory Material Overhead 25.00%
PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within the District on
the seventeenth of December 2003 by the following roll call vote:
AYES:
ABSTAIN:
NOES:
ABSENT:
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
By
James A. Maass, President
ATTEST:
Peter L. Hoizmeister, Clerk of the Board