HomeMy WebLinkAbout17 Budget Workshop Schedule AGENDA ITEM #17
Public Utility District m
MEETING DATE: June 7, 2023
TO: Board of Directors
FROM: Michael Salmon, Chief Financial Officer
SUBJECT: Set the Board FY2024-2025 Budget Workshop Schedule
APPROVED BY:
Brian C. Wright, General Manager
RECOMMENDATION:
Board establish the following meeting dates for development of the FY2024-25 Biennial
Budget:
Board Budget Workshop #1 — Objectives, goals, key assumptions, labor, debt
Date: 8/16/2023 5pm-7pm
Board Budget Workshop #2 — Purchase Power Plan, Operating & Capital Budgets —
Electric and Water Utilities, and Notice Public Hearing on Budget to be held 11/1
Date: 9/20/2023 5pm-7pm
Board Budget Workshop #3 - Operating & Capital Budgets — all support services,
Reserves, Financial Master Plan
Date: 10/18/2023 5pm-7pm
Board Meeting — Public Hearing and Action Item - Budget Final Review & Approval
Date Options: 11/1/2023 6pm or soon thereafter
BACKGROUND:
Consistent with District Code, the District prepares a two-year budget with semi-annual
reviews. In preparation for budget approval, the District has traditionally set a budget
workshop calendar in the third and fourth quarters of the preceding year. This item is to
set the calendar for review and approval of the District's FY 2024 and FY 2025 budget.
ANALYSIS AND BODY:
Presented in the recommendation above are meeting dates recommended. The timing,
content, and number of open meetings are generally consistent with prior budget
cycles.
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GOALS AND OBJECTIVES:
District Code 1.05.020 Objectives:
1. Responsibly serve the public.
6. Manage the District in an effective, efficient and fiscally responsible manner.
District Code 1.05.030 Goals:
1. Manage for Financial Stability and Resiliency
3. Engage with our customers and communities in a welcoming and transparent way to
identify opportunities.
FISCAL IMPACT:
There is not direct financial impact by means of accepting this recommendation or
modifying dates and or times at Board direction.
ATTACHMENTS:
None
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