HomeMy WebLinkAbout8 Budget Calendar 2003 Agenda Item #
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Public Utility District
Memorandum
To: Board of Directors
From: Peter Holzmeister
Date: September 24, 2002
Subject: Calendar for preparation of the budget for 2003
We have begun to prepare the budget for 2003. Attached is a calendar of activities that
will keep us on track. It calls for us to submit the budget to the board in November, hold
workshops and a public hearing, and adopt the budget in December. This is the
schedule we have been following for years, and it seems to work.
RECOMMENDATION: I recommend that the Board adopt the attached calendar for
preparation of the 2003 budget.
CALENDAR FOR PREPARATION
OF THE BUDGET FOR 2003
September 3, 2002 Budget forms distributed to Department Heads
Budget covers ordered
September 13 Department Heads submit labor allocations
October 7 Department Heads submit remainder of operating and
capital budgets
Steve Hollabaugh submits purchased power expense
schedule for 2003
Mary Chapman provides revenue projections
October 21 First draft of budget submitted to General Manager
October 22 thru 25 General manager meets with Department heads to review
budget submissions
October 28 thru November 1 General manager and Mary prepare budget revisions
November 4 thru 8 Preparation of budget narratives
November 12 thru 14 Final budget preparation and printing
November 14 Budget submitted to Board of Directors
November 20 Budget workshop wirth Board
December 3 Budget workshop with Board
Public hearing on budget and rate ordinances
December 17 Budget and overheads adopted
Rate ordinances adopted
January 1, 2003 Budget takes effect
January 17, 2003 New rates take effect