HomeMy WebLinkAboutRES 2023-15 - Board DocuSign Envelope ID:B2BFA3F7-05F4-43CD-B76D-6947DEB90260
TRUCKEE DONNER
Resolution No. 2023-15
ADOPTING THE BUDGET AND OVERHEAD RATES
FOR FY24 and FY25
WHEREAS The Board of Directors adopted a Mission Statement,Values, and Strategic Plan for the
District; and
WHEREAS District staff used the above aforementioned to prepare a draft FY24 and FY25 Budget;
and
WHEREAS the Board of Directors, Staff, and the public participated in budget workshops in the
months of August, September, and October of 2023; and
WHEREAS on October 18, 2023, the Board of Directors received a draft FY24 and FY25 Budget;
and
WHEREAS on November 1, 2023, a public hearing was held; and
WHEREAS the Board of Directors accepts the organization changes as outlined in the FY24 and
( FY25 Budget; and
WHEREAS the budget for District operations and capital spending for the years FY24 and FY25
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:
A. The FY24 and FY25 Budget is hereby adopted (Attachment 1 and 2 of Agenda item #9);
B. The General Manager and Staff are authorized to implement the biennial FY24 and FY25
Budget;
C. The following Budget overhead allocation rates are adopted;
Overhead Type FY24 FY25
Labor 92.13% 93.92%
Transportation $ 16.95 $ 17.67
Administration 3.94% 3.96%
Construction 19.50% 19.96%
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DocuSign Envelope ID:B2BFA3F7-05F4-43CD-B76D-6947DEB90260
D. Approve the budgeted transfers needed to balance the FY24 and FY25 Budget, as
indicated in Attachments 1 and 2 of Agenda item#9.
PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within the
District on the 1 st of November 2023 by the following roll call vote:
AYES: President Bender, vice President Laliotis, Directors, Finn, Harris and Aguera
ABSTAIN:
NOES:
ABSENT:
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
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Jeff Bender, President of the Board
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Brian Wright, General Manager
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