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HomeMy WebLinkAboutRES 1989-24 - Board RESOLUTION NO. 89 �/ OF THE TRUCKEE DONNER PUBLIC UTILITY DISTRICT ADOPTING CERTAIN OVERHEADS TO BE USED IN CONJUNCTION WITH THE UNIFORM CONSTRUCTION COST ACCOUNTING ORDINANCE WHEREAS, the Truckee Donner Public Utility District has elected to adopt the Uniform Cost Accounting Act policies and procedures; and WHEREAS, the District wishes to allocate its overhead costs in a fair and equitable manner; and WHEREAS, the District has had Touche Ross audit the methodology used to compute overhead allocation factors; and WHEREAS, Touche Ross determined the methodology used by the District in developing its cost allocation factors is in conformity with the policies and procedures included in the cost accounting manual; NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Truckee Donner Public Utility District as follows: !^ 1. That the overhead rates to be used for 1989 are as follows: Labor overhead 43.7% of direct labor Government wide overhead 22% of the direct labor plus labor overhead Stores overhead 53% Vehicle overheads - Heavy trucks l ton & over $43.91/hour Backhoes $42.47/hour Medium utility trucks $ 1. 12/mile Light utility trucks $ .58/mile 2. The General Manager shall cause overhead rates as set forth in Paragraph 1 above to be recalculated each year and included in the annual budget document for review and adoption by the Board of Directors. The Board shall, by separate resolution, adopt overhead rates each year as soon after adoption of the budget as is practicable. The method to be used in calculating overhead rates shall conform to the Cost Accounting Policies and Procedures Manual of the California Uniform Public Cost Accounting Commission. 3. The General Manager shall report to the Board of Directors as the need arises, or as directed by the Board, �•,, but in no case less often than once each year, the • competitiveness of the District in relation to outside ram` contractors in performing construction, repair and maintenance projects, and make recommendations for Board amendments to District policy. PASSED AND ADOPTED by the Board of Directors of the Truckee Donner Public Utility District at a meeting duly called and held within the District on the _42;t day of 1989 by the following roll call vote: AYES: �Gv�',e�; G�.@BE�T, vTvTT?�i✓, w.�ir� �nA�ss. NOES: /ypiyE- ABSENT: /YOi1/E. TRUCKEE DONNER PUBLIC UTILITY DISTRICT J es A. Maass, President ATTEST* Susan M. Craig, Deputy strict Clerk