Loading...
HomeMy WebLinkAbout04. Set public hearing to adopt FY 2021-22 Central San Budget Page 1 of 2 Item 4. CENTRAL SAN BOARD OF DIRECTORS POSITION PAPER MEETING DATE: MAY 6, 2021 SUBJECT: SET PUBLIC HEARING FOR JUNE 3, 2021 AT 1:30 P.M. TO RECEIVE PUBLIC COMMENT ON ADOPTING THE CENTRAL SAN BUDGET FOR F I SCAL YEAR 2021-22 SUBMITTED BY: INITIATING DEPARTMENT: KEVIN MIZUNO, FINANCE MANAGER ADMINISTRATION-FINANCE REVIEWED BY: PHILIP LEIBER, DIRECTOR OF FINANCE AND ADMINISTRATION JEAN-MARC PETIT, DIRECTOR OF ENGINEERING Roger S. Bailey General Manager ISSUE While not required by law, it is the practice of Central San to hold a public hearing to receive comments on the Central San budget for the next fiscal year. BACKGROUND The annual budget adoption is typically scheduled for the first meeting in June because it will take effect July 1, which is the beginning of Central San's fiscal year. This year, the first June meeting is scheduled for June 3, 2021. The purpose of this item is to schedule a public hearing on that date to receive public comments on the proposed Fiscal Year 2021-22 Central San District Budget. Once adopted, it will take effect on July 1, 2021. ALTERNATIVES/CONSIDERATIONS The Board of Directors may decline to establish the recommended public hearing date or may elect to choose a different date. May 6, 2021 Regular Board Meeting Agenda Packet- Page 26 of 239 Page 2 of 2 FINANCIAL IMPACTS None related to this action. COMMITTEE RECOMMENDATION On May 11, 2021 the Engineering & Operations Committee will review the Capital Improvement portion of the final draft Fiscal Year 2020-21 Budget. On May 17, 2021, the Finance Committee will review the final draft Budget for the individual sub-funds: Operations and Maintenance (O&M), Debt Service and Self-I nsurance. RECOMMENDED BOARD ACTION Set June 3, 2021 at 1:30 p.m. as the date and time for a public hearing to receive public comment on the Fiscal Year 2021-22 Central San District Budget. Strategic Plan Tie-In GOAL THREE:Fiscal Responsibility Strategy 1—Maintain financial stability and sustainability, Strategy 2—Ensure integrity and transparency in financial management May 6, 2021 Regular Board Meeting Agenda Packet- Page 27 of 239