Board of Directors Budget Workshop


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Meeting Date: 08/15/2018  

SUBJECT MATTER:
Receive, consider and act upon approval of proposed amendments to the 2019 Preliminary Budget and Five-Year Plan;
FISCAL IMPACT:
To be determined by the Board of Directors
BACKGROUND:
The budget process begins with an overview of the 2019 Preliminary Budget, which is the "base" budget and does not include budget initiatives.  After the base budget is reviewed and approved, the Board discusses each of the budget initiatives to obtain a comprehensive understanding of the potential costs and other impacts they could have on the base budget.

After completing the review of all budget initiatives, the Board votes on each one separately to determine if a majority supports adjusting the base budget for that particular initiative.  These votes serve as a record of approval or disapproval of the budget initiatives that have been considered by the Board during the 2019 budget process and provide staff with the authority to make the desired adjustments to the base budget.  The final 2019 budget that is presented to the Board for adoption will include the budget initiatives approved by the Board during the budget workshops along with any other approved amendments. 

This agenda item is included on the agendas for the August 14, August 15, August 16 and August 17 budget workshop meetings to provide the Board with flexibility during the budget process to discuss and/or act on amendments to the 2019 Preliminary Budget.
RECOMMENDATION:
AAmendments to the 2019 Preliminary Budget (the "base" budget) will be determined by the Board of Directors.

    

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