HomeMy WebLinkAbout03.g. Set public hearing for Operations and Maintenance and other budgetsBoard Meeting Date: May 1 2014
Subject: SET PUBLIC HEARING ON JUNE 5, 2014 TO RECEIVE PUBLIC
COMMENT ON THE FISCAL YEAR 2014 -15 OPERATIONS AND
MAINTENANCE, DEBT SERVICE FUND, AND SELF - INSURANCE FUND
BUDGETS
Submitted By. Initiating Dept. /Div.:
Thea Vassallo, CPA, CMA Administrative / Finance & Accounting
Finance Manager
REVIEWED AND RECOMMENDED FOR BOARD ACTION:
g
Kent Alm Roger S. Bailey
Counsel for the District General Manager
ISSUE: The District's draft Fiscal Year (FY) 2014 -15 Operations and Maintenance
(O &M), Debt Service and Self- Insurance Fund Budgets have been prepared by staff. A
date for public hearing to receive comments on the budgets should be set.
RECOMMENDATION: Set a public hearing at 2:00 p.m. on June 5, 2014 to receive
public comment on the draft FY 2014 -15 O &M, Debt Service, and Self- Insurance Fund
Budgets.
FINANCIAL IMPACTS: None related to this action.
ALTERNATIVES /CONSIDERATIONS: None.
BACKGROUND: The O &M Budget, which will be submitted for initial review by the
Board of Directors on May 15, 2014, includes the previously approved Sewer Service
Charge rate increase of $34 per Residential Unit Equivalent for FY 2014 -15, for a total
charge of $439. Approval and adoption of the FY 2014 -15 O &M, Debt Service, and
Self- Insurance Fund Budgets is scheduled for the Board meeting on June 5, 2014.
COMMITTEE RECOMMENDATION: The Board Finance Committee will review the
O &M Budget on May 5, 2014.
RECOMMENDED BOARD ACTION: Set June 5, 2014 at 2:00 p.m. as the date and
time for a public hearing to receive comments on the proposed FY 2014 -15 O &M, Debt
Service, and Self- Insurance Fund Budgets.
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