HomeMy WebLinkAboutRES 2003-06 - Board TRUCKEE DONNER
Public Utility District
Resolution No. 2003- 06
RESCINDING RESOLUTION 2002-37 AND ADOPTING A
THE BUDGET AND REVISED OVERHEAD RATES FOR 2003
WHEREAS, on December 18, 2002 the Board of Directors adopted Resolution 2002-37 authorizing
the District to adopt the budget and overhead rates for 2003; and
WHEREAS, District staff found the Labor Overhead to be stated incorrectly; and
WHEREAS the Board of Directors and staff of the District participated in a strategic plan workshop
in August of 2002 to identify priority issues to be addressed by the District during 2002 and to
initiate budget preparation; and
WHEREAS District staff has prepared a draft budget for District operations and capital spending
for the year 2003 taking into account the strategic plan issues; and
WHEREAS the Board of Directors of the District has participated in a budget workshop and has
conducted a public hearing on the draft budget; and
NOW THEREFORE BE IT RESOLVED by the Board of Directors of Truckee Donner Public Utility
District as follows:
1. The draft budget for 2003 is hereby adopted
2. The following budget overhead rates are adopted
Overhead Item Overhead Rate
Labor Overhead 83.61%
Transportation Overhead 28.70%
Inventory Overhead 77.67%
Administrative Overhead 1.87%
Construction Overhead 48.50%
Non-inventory Material Overhead 25.00%
PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within the District
on the 15th day of January, 2003 by the following roll call vote:
AYES: Directors Aguera, Hemig, Maass and Van Gundy
ABSTAIN: Director Sutton
NOES:None
ABSENT: None
TRUCKEE DO ER PUBLIC UTILI DISTRICT
By .
- J. kQpdld Hemig, President
ATTEST:
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Peter L. Holzmeister, Clerk of the Board