Here is the link (and attached) for the board package for our Special Helix Water District Board Meeting:
SPECIAL MEETING OF THE BOARD OF DIRECTORS
Tuesday, June 13, 2017, 6pm
7811 University Avenue, La Mesa, CA 91942-0427
Interesting Notes from Last Week’s Regular Board Meeting:
Proposed Fiscal Year 2017-18 Preliminary Budget:
Operating Revenue $ 82,925,300
Capital Reserves - Carryforward 3,905,000
Prior Year Capacity Receipts 1,092,430
Maintenance Reserves 360,000
Total Funding Sources: $88,282,730
Fiscal Year 2017-18 Use of Funds
Operating Expenses $ 71,564,500
Capital Expenses - PAYGO 12,508,000
Capital Expenses - Carryforward & Other * 4,205,000
Contribution to Reserves** 5,230
Total Use of Funds: $88,282,730
*Funds from the year before not spent
**Funds left over from the year before currently either comes from or goes to the General Fund – I would like to discuss this line item at a future board meeting to propose it go to the Rate Stabilization Fund.
Our 2017-18 Budget this year is very comprehensive and encompasses a new layout and a good format and all information pertaining to the District Budget, including financial policies, debt management guidelines and strategic plan.
The remaining dates in the annual budget and rate setting process are as follows:
June 13 Board Meeting Preliminary Fiscal Year 2017-18 Budget for Board Approval
August 2 Review with Board Tentative Final Water Rates
August 16 Board Meeting Approval of Water Rates and Distribute Fiscal Year 2017-18 Budget Document
September Bill Insert Mailed to Customers Regarding Upcoming Water Rates
January 1 Water rates effective on bills for water used in November and December
As always, I welcome your comments and feedback.
Per the request of the Helix Water District Board on May 16, 2012, the following language is to be added by all Board Directors in all outgoing Director correspondence. "This correspondence, and any documents attached hereto, reflects the individual opinions and positions of the above-named Director and does not represent the opinions or positions of the District's Board of Directors or the District. Pursuant to Section 9.1-11(A) of the Helix Water District Policies and Procedures Manual, individual Directors, except as otherwise authorized by the Board, shall have no power to act for the District or the District's Board of Directors."
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Author: Kathleen Hedberg
Civil Engineer in 4th Term as a Helix Water District Board Director and Past President of the Board!