Title
PROPOSED FY 2020 AND FY 2021 BIENNIAL BUDGET REQUEST
Body
Agenda of: January 9, 2019
Item No.: 2019-008
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: January 9, 2019
RE: Proposed FY 2020 Schedule of Revenues and Charges and FY 2020 & FY 2021 Biennial Budget Request
MOTION
Upon recommendation of Nicolette N. Bateson, Chief Financial Officer/Treasurer, The Board of Directors (Board) of the Great Lakes Water Authority (GLWA), receives, files, and refers the FY 2019 and FY 2020 biennial budget and related five-year financial plan to the Audit Committee; and authorizes the CEO to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
Development, and related Audit Committee discussion of, the FY 2019 and FY 2020 biennial budget and related five-year financial plan has begun. A summary of activities, and related attachments, is provided below.
* One-page summary of the proposed budget as it stands today (Attachment 1).
* Budget and financial planning cycle calendar for reference (Attachment 2).
* Audit Committee memo from the January 4, 2019 Audit Committee meeting related to review of the capital financing plan and other related budget analysis (Attachment 3).
* Audit Committee memo from the December 21, 2018 Audit Committee meeting related to the operating area budgets and overall budget and charges draft proposal with the Audit Committee on December 21, 2018 (Attachment 4).
JUSTIFICATION
While a significant amount of information related to the budget has been prepared and presented, there are remaining open items that are interdependent with actions by other parties. The GLWA team is working toward resolution of these matters as listed below (in no particular order).
1. Reaching agreement with the Oakland Macomb Interceptor District related to a maintenance...
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