BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Work Study Session to Consider the Fiscal Year 2021-22 Proposed Operating and Capital Budget.
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RECOMMENDATION:
Recommendation
A. *Receive, review, and discuss Valley Water's Fiscal Year 2021-22 Proposed Budget per Supplemental Attachments 1 and 2;
B. Receive comments and input from the public regarding Fiscal Year 2021-22 Proposed Budget; and
C. Incorporate any changes deemed necessary into the Fiscal Year 2021-22 Proposed Budget.
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SUMMARY:
Valley Water 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 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 2021-22 (FY 2021-22) 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-efficient and fiscally accountable manner, and to provide a balanced annual budget which is sustainable and complies with the District Act and the Board's Financial Management Policy (EL-4).
The Proposed Budget was developed based on the Board's current strategies; the FY 2021-22 Board Work Plan will be ...
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