HomeMy WebLinkAbout7 Public Hearing 16 & 17 BudgetsAgenda
LitTRUCKEE DONNER
Public Utility District
CONSENT
To: Board of Directors
From: Regina Wise
Date: October 21, 2015
Subject: Schedule a Public Hearing Regarding the Adoption of the FY16 and
FY17 Budget
1. WHY THIS MATTER IS BEFORE THE BOARD
Only the Board can set the date for a public hearing.
2. HISTORY
At the September 2, 2015 meeting, the Board reviewed the District's objectives, goals,
budget assumptions, labor and debt for the FY16 and FY17 Budget. At the September
16, 2015 meeting, the Board reviewed the Purchased Power Plan for the budget
cycle. At the October 7, 2015 meeting, staff presented the FY16 and FY17 high level
overview of the operating and capital budgets of the electric and water operating and
capital budgets.
3. NEW INFORMATION
Tonight staff will present an executive summary of the operating and capital budgets
of the supporting services, and a high-level overview of the total proposed budget,
the projected reserve fund balances, and a draft of the ten-year Financial Master Plan.
At the November 4, 2015 Board meeting, staff will present the full draft of the
proposed FY16 and FY17 Budget including overhead allocation rates and a final draft
of the Financial Master Plan. After the presentation, the Board will hold a public
hearing to receive public comment.
The FY16 and FY17 Budget is scheduled to be adopted November 18, 2015.
4. FISCAL IMPACT
There is no fiscal impact with this agenda item.
5. RECOMMENDATION
Schedule the public hearing hearing for November 4, 2015 at 6:00 pm or as soon
thereafter to receive public comment on the proposed FY16 and FY17 Budget.
Regina Wise
Accounting and Finance Manager
Michael D. Holley
General Manager
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