HomeMy WebLinkAbout#8 Adoption 2010-2011 Budget Agenda Item # 8
TRUCKEE DONNER
Public Utility District
ACTION
To: Board of Directors
From: Bob Mescher
Date: October 21, 2009
Subject: Schedule a Public Hearing to Take Public Comment Regarding the
Adoption of the 2010-2011 Budget
1. WHY THIS MATTER IS BEFORE THE BOARD
Only the Board can set the date for a public hearing.
2. HISTORY
On September 2, 2009, the Board held the first FY10 & FY11 Budget workshop which covered
the Purchase Power Plan. At the September 16, 2009 meeting, the board reviewed the
District's mission, goals, objectives, budget assumptions, labor and debt. On October 7, 2009
staff presented a high level review of the Board, General Management, Administrative
Services and the Conservation department operating and capital budgets.
3. NEW INFORMATION
Tonight, the Board heard presentations on the status of the District's reserve funds, projected
FY10 & FY11 revenues and the operating and capital budgets for both the electric and water
departments.
At the November 4, 2009 Board meeting, staff will present the full Draft Budget including a
discussion of overheads; staff will also present the Finance Master Plan. After these
presentations, the Board will hold a Public Hearing to receive public comment.
It is now time to schedule the Public Hearing on the Draft FY10 & FY11 Budget. We are not
proposing to adopt the Budget until the November 18, 2009 Board meeting.
4. FISCAL IMPACT
There is no fiscal impact with this agenda item.
5. RECOMMENDATION
Schedule the public hearing hearing for November 4, 2009 at 6:00 pm or as soon thereafter to
receive public comment on the FY10 & FY11 Draft Budget.
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Mary Ch a Michael D. Holley
Administrative Services Manager General Manager