BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Work Study Session to Consider the FY 2018-19 Proposed Operating and Capital Budget.
End
RECOMMENDATION:
Recommendation
A. Receive, review and discuss the District's Fiscal Year (FY) 2018-19 Proposed Budget;
B. Receive comments and input from the public regarding FY 2018-19 Proposed budget; and
C. Incorporate any changes deemed necessary into the FY 2018-19 Proposed Budget.
Body
SUMMARY:
The District develops the annual 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 the District's budget is accomplished in an open transparent process providing opportunity for Board and public input.
The District'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 Adoption of Budget, "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 the Chief Executive Officer's Proposed FY 2018-19 Budget for Board consideration. The Proposed Budget was planned and developed to enable the District to accomplish the Board's Ends priorities, become more cost-efficient, fiscally accountable and provide a balanced annual budget which is sustainable and complies with the District Act and the Board's Financial Management Policy (EL-4).
The FY 2018-19 budget was developed based on the Board's FY 2018-19 priorities. There are 9 priorities below in no particular order:
1. Make key decisions regarding the California WaterFix
2. Pr...
Click here for full text