HomeMy WebLinkAbout9 Budget 2007 Agenda Item #
WAN
Workshop
To: Board of Directors
From: Peter Holzmeister
Date: July 28, 2006
Subject: Budget for 2007
Why this matter is before the Board: This matter involves a discussion of the process
for preparing the budget for 2007. Review and adoption of the budget is a board matter.
History: Every year at this time, we begin to work on a budget for the following calendar
year. Attached is a calendar of budget activities for your review.
New information: We would like input from the Directors on a variety of topics to help us
deliver a budget to you that is in a format you want and to set forth the process for board
review.
Operating budget: We have been planning to prepare the operating budget in essentially
the same format used last year, unless the Board instructs us otherwise. We plan to add
the references to the District goals and objectives throughout the budget as suggested by
Bob Rauch.
Capital Improvements Plan: We plan to prepare and submit a five-year capital
improvements plan along with the operating budget. We prepared such a plan two years
ago, but not last year. Last year we spent time on the operating budget and never got to
prepare the five-year CIP.
Finance Master Plan: We have the revised finance master plan ready for Board use. We
hope that the Board will look at long term impacts and trends as part of the budget review
process.
We need input from you on budget format. We also need to know how your want staff to
present budget information to the board. Do you want the same detailed workshops as
were conducted last year? Do you have specific high priority needs that we should be
including in the budget for 2007? Are there tasks that you want us to eliminate from the
budget as being unnecessary? A discussion along these lines would be helpful to us.
Recommendation: This is a workshop. No formal action is required.
TRUCKEE DONNER PUBLIC UTILITY DISTRICT-2007 BUDGET CALENDAR-DRAFT as of July 25,2006
Due Date Action
7/24/06 Monday Staff meeting-discuss and determine-budget issues,goals&theory for 2007
8/1/2006 Tuesday Handout budget forms and support material to department heads
Order budget covers for 2007
8/2/2006 Wednesday Board Meeting-initial direction from Board on 2007 budget
8/11/2006 Friday Department heads provide Kim with labor allocations
8/28/2006 Monday Deadline for department heads to submit budgets to Kim-Operating&Capital Budgets
Steve provides purchased power expense estimate for 2007
Steve,Mary&Kim work on revenue estimates
Narratives submitted by Department Heads
9/11/2006 Monday PLH&MC get first full draft budget
9/13-9/15 Weds-Fri PLH meets with each department head to review budget
Finish 9/22 Budget revisions to balance the budget-Finalize numbers
9125-9/27 Mon-Weds Finalize Narratives
9128-9/29 Thurs-Fri Final budget preparation(print,bind,copy)-DRAFT BUDGET
in board packet 11/01/06
9/29/2006 Friday am Copies of the Draft Budget are provided to Barbara for Board packet
10/4/2006 Wednesday Staff Budget Proposal Discussed with Board
10/18/2006 Wednesday Staff Budget Proposal Discussed with Board-Public Hearing
11/1/06 Wednesday Staff Budget Proposal Discussed with Board-Public Hearing
11/15/2006 Wednesday Target for Board approval of Budget