BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT:
Title
Fiscal Year 2023-24 Second Pass Biennial Budget Overview.
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RECOMMENDATION:
Recommendation
Receive and discuss the overview of the Santa Clara Valley Water District's Fiscal Year 2023-24 Second Pass Biennial Budget.
Body
SUMMARY:
The Santa Clara Valley Water District (Valley Water) develops the rolling biennial budget to allocate the public's funds that are necessary to provide Silicon Valley 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. This report presents the second pass budget update and schedule for development of the final Fiscal Year (FY) 2023-24 Biennial Budget. The process includes over nine (9) open session discussions, and the online budget simulation tool, providing the Board and public significant opportunity for input. In addition to the Board open sessions, Board Advisory committees have opportunities for input during the development of the Budget. The Board has scheduled Budget work study sessions on April 26 and 27. The process is scheduled to conclude with the adoption of the budget on May 16, 2023.
The Second Pass budget includes the most recent revenue and expense assumptions that support the second pass results. The update includes the increase of ten (10) new positions in FY24 and three (3) additional new positions in FY25 proposed by the CEO to address various Board and workload priorities. The positions would help achieve key outcomes which help Valley Water ensure an effective operations and maintenance program, support the WIFIA program, and assist in supporting community wide operations and capital projects. The positions are as follows and would be recruited with enough lead time to target a hire date at the beginning of th...
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