Preliminary 2017/18 Fiscal Year Budget Approved, July 10, 2017 by Peter J. Kampa, General Manager
At its Regular Board meeting of June 20, 2017, the CSD Board of Directors approved a Preliminary budget for the 2017/18 fiscal year. The Preliminary budget contains $930,955 in expected revenue from implementation of the Measure A special tax, and total annual expenditures of $1,145,098. Approximately $214,143 is expected to be transferred from existing reserve funds to fund a number of improvements immediately, including $287,000 in expenditures for road improvements, completion of the turf renovation, planning for future drought tolerant landscaping and replacement of equipment.
The Preliminary Budget contains the following documents:
- Preliminary Budget Approval Resolution
- Approved Preliminary Budget 2017-18
- Budget Public Hearing Notice (published as required for adoption of a final budget on August 15, 2017)
A final 2017/18 Budget is expected to be adopted following the public hearing on August 15, 2017. Due to the time required to plan, design, bid and permit public road improvements, the first new asphalt will likely be installed next spring as soon as the weather warms up enough. Stay tuned, as good work is happening with your CSD!