Page 55 - Board Meeting Material

Director Memorandum 14-038 Date: May 21, 2014 Prepared By: Joseph Zoba, General Manager Vicky Elisalda, Controller Peggy Little, Administrative Supervisor Subject: Operating Budget and Capital Improvement Plan for Fiscal Year 2015 Recommendation: That the Board adopts the Fiscal Year 2015 Operating Budget and Capital Improvement Plan. The Yucaipa Valley Water District conducted a budget workshop on Thursday, May 15, 2014 to review the proposed operating budget for next year. During the budget workshop, the District staff provided a detailed overview of each individual line item for the water, sewer and recycled water enterprise funds for the District. The Fiscal Year 2015 Operating and Capital Improvement Budget has been developed based on projections of a recovering economy which is expected to result in little new development coupled with slight increases in the overall expenses. This economic projection will provide an opportunity for the District to focus on essential operational duties while implementing the demineralization facility and the recycled water system. Yucaipa Valley Water District Board Meeting - May 21, 2014 - Page 53 of 119