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BOARD
WORKSHOP |
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1. |
REVIEW PROPOSED MPWMD BUDGET
FOR 2006-07 |
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Meeting
Date: |
May 25, 2006 |
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
By: |
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Cost Estimate: |
N/A |
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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 is attached as Exhibit 1-A. Proposed expenditures are $8,133,700 and proposed revenues are $8,288,900 resulting in an increase of $155,200 to the general operating reserve.
RECOMMENDATION: Staff recommends that the Board discuss the proposed budget and give general direction to staff. No formal action should be taken.
BACKGROUND: Prior to fiscal year 2005-06, recent 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 diminishing 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 2005-06 budget was prepared and adopted consistent with that strategy.
1-A Fiscal Year 2006-07 Proposed Budget
1-B Memorandum Regarding Board Member Compensation
U:\staff\word\boardpacket\2006\2006boardpackets\20060525\01\item1.doc