HomeMy WebLinkAbout09. Set a Public Hearing for June 6, 2024 at 2:30 P.M. to Receive Public Comments on Adoption of the Central San Budget for Fiscal Year 2024-25Page 1 of 2
Item 9.
DCENTRALSAN
MEETING DATE: MAY 2, 2024
BOARD OF DIRECTORS
POSITION PAPER
SUBJECT: SET PUBLIC HEARING FOR JUNE 6, 2024, AT 2:30 P.M. TO RECEIVE
PUBLIC COMMENTS ON ADOPTION OF THE CENTRAL SAN BUDGET
FOR FISCAL YEAR (FY) 2024-25
SUBMITTED BY: INITIATING DEPARTMENT:
KEVIN MIZUNO, FINANCE MANAGER ADMINISTRATION -FINANCE
REVIEWED BY: PHILIP LEIBER, DEPUTYGENERAL MANAGER -ADMINISTRATION
Roger S. Bailey
General Manager
ISSUE
Hold a public hearing to receive comments on the budget for the next fiscal year pursuant to Central San's
Board Policy No. BP 048 - Budget.
BACKGROUND
The purpose of this public hearing is to schedule and notice a hearing on June 6, 2024, to receive public
comments on the proposed FY 2024-25 Central San budget. Once adopted, the budget will take effect on
J my 1, 2024. Central San's annual budget must be adopted prior to the start of the new fiscal year,
commencing on July 1 st. To ensure sufficient time to accommodate potential budget revisions, the
targeted adoption date for the budget is typically the first Board meeting of June.
ALTERNATIVES/CONSIDERATIONS
The Board of Directors may decline to establish the recommended public hearing date or may elect to
choose a different date. This is not recommended as a budget must be adopted prior to the start of the
new fiscal year. Establishing a public hearing date of June 6, 2024, will allow Central San to meet this
requirement.
May 2, 2024 Regular Board Meeting Agenda Packet - Page 31 of 55
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FINANCIAL IMPACTS
None related to this action.
COMMITTEE RECOMMENDATION
On May 8, 2024, the Engineering and Operations Committee will review the Capital Improvement Budget
portion of the final draft FY 2024-25 budget.
On May 14, 2024, the Finance Committee will review the final draft FY 2024-25 budget for the individual
sub -funds: Operations and Maintenance (O&M), Debt Service and Self -I nsurance.
RECOMMENDED BOARD ACTION
Set June 6, 2024, at 2:30 p.m. as the date and time for a public hearing to receive public comment on
adopting the Fiscal Year 2024-25 Central San District Budget.
Strategic Plan Tie -In
GOAL FOUR: Governance and Fiscal Responsibility
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 2, 2024 Regular Board Meeting Agenda Packet - Page 32 of 55