Title
Presentation: Proposed FY 2021 Schedule of Service Charges
Body
Agenda of: January 22, 2020
Item No.: 2020-016
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 17, 2020
RE: Presentation: Proposed FY 2021 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 2021 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 8, 2020, the Board received a presentation related to the FY 2021 and FY 2022 biennial budget and related five-year financial plan which was referred to the Audit Committee for additional review. On today's date, January 22, 2020, the Board will receive a presentation related to the proposed capital improvement plan which has been reviewed by the 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 Charges Rollout Meeting #4 on Thursday, January 23, 2020. A public hearing is scheduled for the Board meeting on February 26, 2020 with potential Board action on that date.
JUSTIFICATION
The following materials will be reviewed at the Board meeting.
* Report from The Foster Group dated January 22, 2020 re: Preliminary Proposed FY 2021 Budget/Charges Executive Summary
* Presentation: Proposed FY 2021 Water and Sewer Services Charges
BUDGET I...
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