HomeMy WebLinkAbout07.d. Set public hearing at 1:30 p.m. on June 1, 2017 to consider adopting Fiscal Year 2017-18 District Budget. Central San 7odo
BOARD OF DIRECTORS
POSITION PAPER
Board Meeting Date: May 4, 2017
Subject: BET PUBLIC HEARING FOR JUNE 11 2017 AT 1:30 P.M. TO RECEIVE
PUBLIC COMMENT ON ADOPTING PROPOSED DISTRICT BUDGET FOR
FY 2017-18
Submitted By: Initiating Dept./Div.:
Thea Vassallo, CPA Administrative / Finance & Accounting
Finance Manager
Jean-Marc Petit, Director of Engineering Engineering & Technical Services / Planning
& Technical Services & Development Services
RE VIE WED AND RECOMMENDED FOR BOARD ACTION:
P. Leiber— Director of Finance andAle." 1
Administration m Roger S. Bailey
Counsel for the Distri General Manager
ISSUE: While not required by law, it is the practice of Central San to d a public
hearing to receive comments on the Central San budgets for the next fiscal year.
BACKGROUND: The annual budget is typically held the first meeting in June because
it will take effect July 1, which is the beginning of the Central San fiscal year. This year,
the first June meeting is scheduled for June 1. The purpose of this item is to schedule
a public hearing on that date to receive comment on the Fiscal Year 2017-18 Central
San District Budget. Once adopted, it will take effect on July 1, 2017.
ALTERNATIVES/CONSIDERATIONS: The Board of Directors may decline to establish
the recommended public hearing date or may elect to choose a different date.
FINANCIAL IMPACTS: None related to this action.
COMMITTEE RECOMMENDATION: The Finance Committee will review the final draft
Operations and Maintenance (O&M), Debt Service and Self-Insurance Fund portions of
the Fiscal Year 2017-18 District Budgets on May 15, 2017. (The Engineering &
Operations Committee will review the Capital Improvement portion of the Budget when
it meets on May 9, 2017.)
RECOMMENDED BOARD ACTION: Set June 1, 2017 at 1:30 p.m. as the date and
time for a public hearing to receive public comment on the FY 2017-18 District budgets.