HomeMy WebLinkAbout13 Reserve Funds Agenda Item #
13
DONNER
Liblic Utility District
Memorandum
To: Board of Directors
From: Mary Chapman, Administrative Services Manager
Date: October 10, 2007
SUBJECT: Discussion of reserve funds and the rate stabilization fund as they relate to the
budget and impact on rates, with possible direction from the Board
1. WHY THIS ITEM IS BEFORE THE BOARD
During the preliminary budget presentations, I provided the Board with a status of the reserve
funds including the rate stabilization fund. Throughout the documents included in this packet,
I have made references to transfers to and from various funds. At the 10/17/07 meeting I will
provide the Board with an update on the status of the affected funds so that the Board can
see the current balances, transactions between now and the end of the year and the affect
the proposed activity will have on these funds. At the end of the presentation,the Board can
give us direction as to whether we should continue as previously directed or make some
other adjustment.
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Mary Chap an, min General Manager Jo n L. Ulri to ner4 Manager