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ITEM: |
PUBLIC
HEARINGS |
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19. |
CONSIDER ADOPTION OF PROPOSED
FY 2006-2007 MPWMD BUDGET |
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Meeting
Date: |
June 22, 2006 |
Budgeted: |
N/A |
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From: |
David A.
Berger, |
Program/ |
N/A |
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General
Manager |
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Prepared
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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: After receiving staff’s presentation regarding the 2006-07 proposed budget at the May 25, 2006 budget workshop, the Board requested one adjustment be reflected in the final budget related to Board Member compensation. Subsequent to the workshop the proposed budget was also adjusted by staff to add the cost of facilitation services at the District’s annual strategic planning session. Meeting room rental costs and other related costs for the session had been included in the proposed budget, but the actual funding for the facilitator was inadvertently omitted. The effect of these two adjustments was an increase of $9,900 to the expenditure portion of the budget. Proposed revenues and expenditures now total $8,288,900 and $8,143,600, respectively, resulting in a projected contribution to the general operating reserve of $145,300. The latest version of the 2006-07 proposed budget is attached as Exhibit 19-A. Resolution No. 2006-01, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Adopting the Budget for Fiscal Year 2006-07 is included as Page 1 of the budget document. Included as Exhibit 19-B is a memorandum, dated June 2, 2006, from Beverly Chaney, Associate Fishery Biologist, addressing the two questions raised by the board at the May 25, 2006 budget workshop during discussion related to the purchase of an all-terrain vehicle for use at the District’s Sleepy Hollow Fish Rearing Facility.
RECOMMENDATION: District Staff recommends that the Board adopt Resolution No. 2006-01, A Resolution of the Board of Directors of the Monterey Peninsula Water Management District Adopting the Budget for Fiscal Year 2006-07.
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 in September of 2004, staff recommended that a balanced budget be prepared for fiscal year 2005-06 using a combination of revenue and expenditure adjustments and a diminishing use of reserve funds. At the January 2005 budget workshop the Board adopted an eight part strategy for balancing the 2005-06 budget. Subsequently, the 2005-06 budget was prepared and adopted consistent with that strategy. At the May 25, 2006 budget workshop, staff presented the proposed budget for fiscal year 2006-07, which is also consistent with that strategy. After reviewing the information presented, the Board requested one adjustment to the proposed budget. The Board also asked for additional information on two items.
19-A Fiscal Year 2006-07 Budget
19-B Memorandum from Beverly Chaney dated June 2, 2006
U:\staff\word\boardpacket\2006\2006boardpackets\20060622\PubHrgs\19\item19.doc