HomeMy WebLinkAbout9-4, Attachment Resolution-Adopt Budget&Oheads,2014&15Attachment 4
Resolution No. 2013 - 24
ADOPTING THE BUDGET AND OVERHEAD RATES
FOR FY14 and FY15
WHEREAS The Board of Directors adopted a Mission Statement and statement of goals and
objectives for the District; and
WHEREAS District staff used that Mission Statement and statement of goals and objectives to
prepare a draft FY14 and FY15 Budget; and
WHEREAS the Board of Directors, Staff, and the public participated in budget workshops in the
months of September, October, and November of 2013; and
WHEREAS on November 6, 2013, the Board of Directors received a draft FY14 and FY15 Budget;
and
WHEREAS on November 6, 2013, a public hearing was held; and
WHEREAS the Board of Directors accepts the organization changes as directed in the draft FY14
and FY15 Budget.
WHEREAS the draft budget for District operations and capital spending for the years FY14 and
FY15 describes accounting overhead allocation rates for labor, transportation, administration, and
construction costs; and
NOW THEREFORE BE IT RESOLVED by the Board of Directors of Truckee Donner Public
Utility District as follows:
1. The draft FY14 and FY15 Budget is hereby adopted.
2. The General Manager and Staff are authorized to implement the biennial FY14 and FY15
Budget.
3. The following Budget overhead allocation rates are adopted:
Overhead Rate
FY14
FY15
Labor
97%
99%
Transportation
$ 11.65
$ 12.20
Administration
5%
5%
Construction
16%
21 %
PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within the
District on the 20t" of November 2013 by the following roll call vote:
AYES: Directors
1
Resolution 2013-24
Attachment 4
ABSTAIN:
NOES:
ABSENT:
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
By
Jeff Bender, President of the Board
ATTEST:
Michael D. Holley, Clerk of the Board
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Resolution 2013-24