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File #: 2018-628    Version: 1 Name:
Type: Communication Status: New Business
File created: 2/26/2018 In control: Board of Directors
On agenda: 2/28/2018 Final action:
Title: Public Hearing for the Proposed FY 2019 & FY 2020 Biennial Budget
Sponsors: Nicolette Bateson
Indexes: Finance
Attachments: 1. Notice of Public Hearing for GLWA FY 2019 & FY 2020 Biennial Budget 2.28.2018, 2. Process and Calendar FY 2019 & FY 2020 Biennial Budget to Board 2.28.2018
Title
Public Hearing for the Proposed FY 2019 & FY 2020 Biennial Budget
Body
Agenda of: February 28, 2018
Item No.: 2018-628
Amount: N/A

TO: The Honorable
Board of Directors
Great Lakes Water Authority

FROM: Sue F. McCormick
Chief Executive Officer
Great Lakes Water Authority

DATE: February 28, 2018

RE: Public Hearing for the Proposed FY 2019 & FY 2020 Biennial Budget


MOTION

Upon recommendation of Nicolette Bateson, Chief Financial Officer/Treasurer, The Board of Directors (Board) of the Great Lakes Water Authority (GLWA), conducts the Public Hearing for the Proposed FY 2019 & FY 2020 Budget and holds the Public Hearing open until such time as the matter is brought forward to the Board for proposed approval; and authorizes the CEO to take such other action as may be necessary to accomplish the intent of this vote.

BACKGROUND
During its January 10, 2018 meeting, the Great Lakes Water Authority (GLWA) Board of Directors (Board) was presented the proposed FY 2019 through FY 2023 Five Year Financial Plan including the FY 2019 and FY 2020 Biennial Budget. Subsequently, the proposed schedule of customer charges and related analysis was presented the Board on January 24, 2018. On February 14, 2018, a revised Capital Improvement Plan (CIP) and related financial plan was presented to the Board. Similar presentations with a question and answer session were conducted in January and February with our member customers via the outreach program. Those sessions were well attended.
JUSTIFICATION
This public hearing is scheduled at a date that meets customer contractual commitments for a July 1, 2018 effective date (Financial Plan calendar with sources attached). Also attached is the public notice which was published in The Detroit Legal News on Friday, January 26, 2018.
BUDGET IMPACT
The proposed FY 2019 & FY 2020 Biennial Budget is designed to meet revenue requirements in such a manner to provide for the operations and maintenan...

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