HomeMy WebLinkAbout7 Schedule a Public Hearing for the Budget FY 18 and FY19enda Item #
CONSENT
7
To: Board of Directors
From: Regina Wise
Date. October 18, 2017
Subject: Schedule a Public Hearing Regarding the Adoption of the FY18 and
FY19 Budget
I WHY THIS MATTER IS BEFORE THE BOARD
Historically, the board has set the date for the public hearing regarding the two year
proposed budget.
2. HISTORY
At the September 6, 2017 meeting, the Board reviewed:
• The District's objectives, goals, budget assumptions, labor and debt.
At the October 4, 2017 meeting, the Board reviewed:
• The Purchase Power Plan; and
• Electric and Water Utility operating and capital budgets.
3. NEW INFORMATION
At the October 18, 2017 (Tonight), staff will present:
• Operating and capital budgets of the supporting services;
• A draft of the ten-year Financial Master Plan; and
• The projected reserve fund balances.
At the November 1, 2017 Board meeting, in addition to conducting a public hearing
regarding the budget, staff will present:
• The full draft of the proposed FY18 and FY19 budget;
• Overhead allocation rates;
• A final draft of the Financial Master Plan; and
• A final Purchase Power Plan.
At the November 15, 2017 Board meeting, staff will bring to the Board consideration to
adopt the FY18 and FY19 budget.
4. FISCAL IMPACT
There is no fiscal impact with this agenda item.
5. RECOMMENDATION
Schedule the public hearing for November 1, 2017 at 6:OOpm or as soon thereafter to
receive public comment on the proposed FY18 and FY19 budget.
1
Regina Wise
Interim Administrative Services Manager
Michael D. Holley
General Manager