HomeMy WebLinkAbout8-Schedule a Public Hearing Regarding the Adoption of the FY14 and FY15 BudgetAgenda Item # 8
CONSENT
To: Board of Directors
From: Robert Mescher
Date: October 16, 2013
Subject: Schedule a Public Hearing Regarding the Adoption of the FY14 and
FY15 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 4, 2013 meeting, the Board reviewed the District's objectives, goals,
budget assumptions, labor and debt for the FY14 and FY15 Budget. At the September
18, 2013 meeting, the Board reviewed the Purchased Power Plan for the budget cycle.
At the October 2, 2013 meeting, Staff presented the FY14 and FY15 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 the District's 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 6, 2013 Board meeting, staff will present the full draft of the proposed
FY14 and FY15 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 FY14 and FY15 Budget is scheduled to be adopted November 20, 2013.
4. FISCAL IMPACT
There is no fiscal impact with this agenda item.
5. RECOMMENDATION
Schedule the public hearing hearing for November 6, 2013 at 6:00 pm or as soon
thereafter to receive public comment on the proposed FY14 and FY15 Budget.
Robert Mescher
Administrative Services Manager
Michael D. Holley
General Manager