HomeMy WebLinkAbout06. Set public hearing for June 1, 2023, at 2:30 p.m. to receive public comment on adopting the Central San budget for Fiscal Year (FY) 2023-24Item 6.
BOARD OF DI RECTORS
POSIT ION PA PER
M E E T ING D AT E:MAY 4, 2023
S UB J E C T: S E T P UB L I C HE A R I NG F O R J UNE 1, 2023, AT 2:30 P.M. TO R E C E I V E
P UB L I C C O MME NT O N A D O P T I NG T HE C E NT R A L S A N B UD G E T F O R
F I S C A L YE A R (F Y) 2023-24
S UB M I T T E D B Y:
K E V I N MI Z UNO, F I NA NC E MA NA G E R
I NI T I AT I NG D E PART M E NT:
A D MI NI S T R AT I O N-F I NA NC E
RE V IE WE D B Y:P HI L I P L E I B E R , D E P UT Y G E NE R A L MA NA G E R
R oger S . B ailey
General Manager
IS S UE
Hold a public hearing to receive comments on the budget f or the next fiscal year pursuant to C entral San's
Board P olicy No. B P 048 - Budget.
B AC K G RO UND
T he purpose of this public hearing is to schedule and notice a hearing on J une 1, 2023, to receive public
comments on the proposed F Y 2023-24 Central S an budget. Once adopted, the budget will take ef f ect on
J uly 1, 2023. C entral San's annual budget must be adopted prior to the start of the new fiscal year,
commencing on J uly 1st. To ensure suf f icient time to accommodate potential budget revisions, the
targeted adoption date f or the budget is typically the f irst B oard meeting of J une.
C entral San typically strives to adopt customer customer sewer service charges prior to the adoption of
the budget. D ue to timing associated with the final publication and adoption of the underlying cost of
service study supporting F Y 2023-24 sewer service charges, next year's budget is scheduled to be
adopted prior to the adoption of the sewer service charges for that same f iscal year. I t is emphasized that
the budget contains several assumptions and estimates including sewer service charges.
May 4, 2023 Regular Board Meeting Agenda Packet - Page 29 of 218
Page 1 of 2
T he F Y 2023-24 budget assumes a sewer service charge rate increase of 1.0% f or single family
residences, among other changes by customer type. S hould the f inal sewer service charge rate schedule
adopted by the B oard result in F Y 2023-24 revenue estimates that are materially dif f erent than those
contained in the adopted budget, staff may propose an amendment to update the budget early next f iscal
year.
ALT E RNAT I V E S /C O NS I D E RAT IO NS
T he B oard of D irectors may decline to establish the recommended public hearing date or may elect to
choose a different date. T his is not recommended as a budget must be adopted prior to the start of the
new f iscal year. E stablishing a public hearing date of J une 1, 2023, will allow Central S an to meet this
requirement.
F I NANC IAL I M PAC T S
None related to this action.
C O M M I T T E E RE C O M M E ND AT IO N
On May 8, 2023, the E ngineering & Operations Committee will review the C apital I mprovement Budget
portion of the final draft F Y 2023-24 budget.
On May 9, 2023, the F inance C ommittee will review the f inal draf t F Y 2023-24 budget for the individual
sub-f unds: Operations and Maintenance (O&M), D ebt S ervice and S elf-I nsurance.
RE C O M M E ND E D B O ARD AC T I O N
Set J une 1, 2023, at 2:30 p.m. as the date and time f or a public hearing to receive public comment on the
F iscal Year 2023-24 C entral San District B udget.
Strategic Plan Tie-I n
G O A L FO U R : G overnance and Fiscal R esponsibility
Strategy 1 - Promote and uphold ethical behavior, openness, and accessibility, Strategy 2 - Encourage and facilitate
public participation, Strategy 3 - Maintain financial stability and sustainability
May 4, 2023 Regular Board Meeting Agenda Packet - Page 30 of 218
Page 2 of 2