HomeMy WebLinkAbout12 Preparation 2009 Budget Agenda Item # 12
ublic Utility District i
WORKSHOP
To: Board of Directors
From: Bob Mescher
Date: October 159 2008
009 Budget: Review of the Total Budget, Appendices and Board
Subject. 2g
Designated Reserves
1. WHY THIS MATTER IS BEFORE THE BOARD
This item continues the process for preparation of the FY09 budget.
2. HISTORY
meeting! , the staff has been providing the Board with a series of
Over the last many 9
workshops ksho s to prepare the Board for consideration of the FY09 Draft Budget
discussion. This workshop is a continuation of that process.
3. NEW INFORMATION
10th staff provided the Board with the complete draft budget. Staff will
On October p
be pres
ent at the meeting to respond to any further questions that the Board may
have.
4. FISCAL IMPACT
in a balanced budget for FY09 with no new rate increases other 5 00
an
Staff is proposing 5 ear $
approved 3% rate increase for electric and a temporary � year)
the already pp endices and the reserves are comp
monthly meter surcharge for water. The app
of that budget. To
tal revenue and transfers from other existing funds will equal total
expenses and transfers to reserves.
5. RECOMMENDATION
Receive this report and provide comments to staff.
Michael D. Holley
Mary Ch ma General Manager
Administrative Services Manager