Title
PROPOSED FY 2020 SCHEDULE OF SERVICE CHARGES
Body
Agenda of: January 23, 2019
Item No.: 2019-018
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 23, 2019
RE: Presentation: Proposed FY 2020 Schedule of Service Charges
MOTION
Upon recommendation of Nicolette N. Bateson, Chief Financial Officer/Treasurer, The Board of Directors (Board) of the Great Lakes Water Authority (GLWA), receives and files the presentation related to the Proposed FY 2020 Schedule of Charges; and authorizes the CEO to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
The annual financial planning cycle encompasses development of the capital improvement plan, the revenue requirement (in the form of a biennial budget), and the resulting schedule of service charges.
On January 9, 2019, the Board received and filed a presentation related to the FY 2019 and FY 2020 biennial budget and related five-year financial plan which was referred to the Audit Committee for additional review. On today’s date, January 23, 2019, the Board will receive a presentation related to the proposed capital improvement plan which has been reviewed by the GLWA Board Capital Planning Committee.
Today, the Board will also receive a presentation related to the Schedule of Service Charges.
The next step is presentation of individual member partner charge worksheets at the Charges Rollout Meeting #4 on Thursday, January 24, 2019. A public hearing is scheduled for the Board meeting on February 27, 2019 with potential Board action on that date.
JUSTIFICATION
The following materials will be reviewed at today’s Board meeting.
ü Report from The Foster Group dated January 16, 2019 re: Preliminary Proposed FY 2020 Budget/Charges Executive Summary
ü Presentation: Proposed FY 2020 Water and Sewer Services Charges
BUDGET IMPACT
This action is a step toward establishment of service charges with an effective date of July 1, 2019.
COMMITTEE REVIEW
No further review is scheduled at the time this Board letter was prepared.