HomeMy WebLinkAbout7 Budget 2007 Agenda Item #
Ubl
Workshop
To: Board of Directors
From: Peter Holzmeister
Date: September 28, 2006
Subject: Draft Budget for 2007
Why this matter is before the Board: This matter involves beginning the review of the
draft Budget for 2007.
History: We have been discussing the budget process and calendar during the past
several weeks. At the last Board meeting we conducted a workshop at which we reviewed
the 2006 Budget compared with actual expenses to date. At that time I indicated that the
draft Budget for 2007 would be presented at this meeting.
New information: enclosed is a copy of the draft Budget for 2007. It consists of two
documents, one being a summary and the other being the detail budget estimates
prepared by department heads. The summary document is the Budget that is usually
adopted by the Board while the detail document provides backup information. The detail
document also contains the Five-Year Capital Budget. The budget may be difficult to
navigate at first, but once you see how it is organized it becomes easier. We will spend
time on Wednesday evening helping you understand how to read it.
Wednesday evening is just a first workshop on the draft Budget. We have plenty of time to
work through it.
No additional water or electric rate increases are needed to implement this Budget.
Recommendation: No formal action is necessary since this is a workshop item.