HomeMy WebLinkAboutRES 1998-28 - Board RESOLUTION NCB. 9828
OF THE
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
APPROVING THE 1999 BUDGET
AND BUDGET OVERHEADS
WHEREAS, each year the District's staff prepares operating and capital improvement
budgets for the electric and water departments for the next fiscal year, and
WHEREAS, upon receipt of the draft budget, the Board of Directors reviews the
proposed operating and capital improvement plans and provides comments and
recommendations; and
WHEREAS, prior to the adoption of the annual budget, staff reviews the major cost
items and capital improvement projects at a budget workshop with the Board; and
WHEREAS, also prior to adoption of the budget, the Board of Directors holds a public
hearing to provide an opportunity for the public to ask questions and make comments;
and
WHEREAS, incorporated within the budget are various overhead rates that will be
used during the budget year, and
WHEREAS, the overhead rates will be applied to various operating functions and
capital improvement projects to determine the total costs of performing such work,
NOW THEREFORE BE IT RESOLVED by the Board of Directors of the District as
follows:
1. That the draft budget be adopted as amended as the operating and capital
improvement project plans for 1999.
2. That the overhead percentages shown in the draft budget be adopted for use in
1999 as follows-
Labor overhead 52.81
Vehicle overhead 33.57%
Inventory overhead 39.05%
Administrative overhead 1.71
Construction overhead 24.92
PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held
within the District on the second day of December, 1998, by the following roll call vote:
AYES: Hemig, Maass, Sutton and Jones.
NOES: None.
ABSENT. Aguera.
TRUCK E DONNER UBLIC UTILITY DISTRICT
By
Peter L. Holzmeis er, Clerk of the Board
ATT T.-
Susan M. Craig, Deputy D' rict Clerk
Smc