BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT:
Title
Work-Study Session to Consider the Fiscal Year 2024-25 Proposed Operating and Capital Rolling Biennial Budget.
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RECOMMENDATION:
Recommendation
A. Receive, review, and discuss Santa Clara Valley Water District's Fiscal Year 2024-25 Proposed Rolling Biennial Budget;
B. Receive comments and input from the public regarding the Fiscal Year 2024-25 Proposed Rolling Biennial Budget;
C. Incorporate any changes deemed necessary into the Fiscal Year 2024-25 Proposed Rolling Biennial Budget; and
D. Continue this item, if needed, to the April 25, 2024, Special Board Meeting - Budget Work-Study Session.
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SUMMARY:
Santa Clara Valley Water District (Valley Water) develops the annual budget to allocate the public's funds that are necessary to provide Santa Clara County with safe, clean water for a healthy life, environment, and economy. The development of Valley Water's budget is accomplished in an open, transparent process providing opportunity for Board and public input.
Valley Water's financial planning and budget development processes are governed by the District Act, Section 13 (Taxation) and Section 20 (Adoption of Budget). In accordance with District Act Section 20, "on or before June 15 of each year, the board shall meet, at the time and place designated by published notice, at which meeting any member of the general public may appear and be heard regarding any item in the proposed budget or for the inclusion of additional items." Board Governance Policy EL-4 Financial Management guides financial planning, budgeting, and ongoing financial activities.
This agenda item presents Valley Water's Chief Executive Officer's Fiscal Year 2024-25 (FY 2024-25) Proposed Budget for Board consideration. The Proposed Budget was planned and developed to enable Valley Water to accomplish the Board's Ends priorities in a cost-effici...
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