BOARD WORKSHOP

 

1.

REVIEW PROPOSED MPWMD BUDGET FOR FISCAL YEAR 2007-08

 

Meeting Date:

May 31, 2007

Budgeted:

N/A

 

From:

David A. Berger,

Program/

N/A

 

General Manager

Line Item No.:

 

Prepared By:

Rick Dickhaut

Cost Estimate:

N/A

 

General Counsel Approval:N/A

Committee Recommendation: N/A

CEQA Compliance:N/A

 

SUMMARY:A copy of the proposed budget for Fiscal Year 2007-08 is attached as Exhibit 1-A.Proposed expenditures are $8,504,500 and proposed revenues are $8,685,300.This would result in an increase of $180,800 to the general operating reserve.

 

RECOMMENDATION: Staff recommends that the Board discuss the proposed Fiscal Year 2007-08 Budget and give general direction to staff.No formal action should be taken.

 

BACKGROUND:For several years prior to fiscal year 2005-06, District budgets had been balanced by using large amounts of previously accumulated reserves.At the Districtís strategic planning session on September 29, 2004, staff recommended that a balanced budget be prepared for fiscal year 2005-2006 using a combination of revenue and expenditure adjustments and a eliminating the use of reserve funds.At the January 19, 2005 budget workshop, the Board adopted an eight part strategy for balancing the 2005-2006 budget. The proposed Fiscal Year 2007-08 Budget was prepared consistent with that strategy, resulting in a balanced budget for the 3rd consecutive year.

EXHIBITS

1-A††††† Fiscal Year 2007-08 Proposed Budget

 

 

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