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BOARD
WORKSHOP |
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1. |
REVIEW PROPOSED MPWMD BUDGET
FOR FISCAL YEAR 2007-08 |
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Meeting
Date: |
May 31, 2007 |
Budgeted: |
N/A |
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From: |
David A.
Berger, |
Program/ |
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General
Manager |
Line Item No.: |
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Prepared
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Cost Estimate: |
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General Counsel Approval: N/A |
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Committee Recommendation: N/A |
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CEQA Compliance: N/A |
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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 District’s 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.
1-A Fiscal Year 2007-08 Proposed Budget
U:\staff\word\boardpacket\2007\2007boardpackets\20070531\01\item1.doc