HomeMy WebLinkAbout12 Draft Budget 2004 Agenda Item #
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Public Utility District
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To: Board of Directors
From: Peter Holzmeister
Date: November 14, 2003
Subject: Draft budget for 2004
Why this matter is before the board: This is a workshop item. This item is the initial
presentation of the draft budget for 2004. The board needs to review the budget at one
or more workshops prior to formal adoption.
History: We begin the budget cycle with the strategic plan workshop in August or
September each year. The strategic plan guides preparation of the budget. Since
conclusion of this year's strategic plan workshop, department heads and I have been
preparing the draft budget for submission to the board. We try to complete review of the
budget by early December so it can be adopted and take effect in January.
New information: The budget is complete with the exception of narratives. I will work
on the narratives this weekend and have the document assembled on Monday and
Tuesday. It will probably be distributed to the directors on Wednesday.
The budget recommends adding staff to water and electric engineering to help deal with
system growth. It also recommends adding one lineman and a work order clerk. When
we prepare a budget, we are struck with how much of our organization is in place just to
deal with growth. As a result, we have attempted to insure that new development pays
its fair share of the District's organization.
I would like to take time on Wednesday evening to discuss the budget at a fairly high
level, but we also need to review the budget in considerable detail at a subsequent
workshop.
Recommendation: I recommend that the board schedule a workshop to discuss budget
details.