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GENERAL MANAGER <br />Tex Ward <br />TO: <br />FROM: <br />DATE: <br />SUBJECT: <br />9O0 M99MR090Y L pBL°3� DOMMU <br />Board of Directors <br />Tex Ward, General Manager <br />July 26, 2001 <br />Adoption of 2001-2002 Budget <br />RECOMMENDATIONS <br />It is recommended that the Board of Directors: <br />BOARD OF DIRECTORS <br />Joe Gibson, Chair <br />Mark H. Jacobsen, Vice Chair <br />Michael D. Berger, Director <br />George M. Lange, Director <br />Susan L. Holt, Director <br />Adopt Resolution Number 080201-A approving the fiscal year 2001-2002 <br />budgets for all funds, and policy matters contained in the body of this <br />memorandum. <br />2. Approve the combined City and District expenditure budget for COSCA in the <br />amount of $863,916. <br />DISCUSSION <br />Annually the District adopts budgets for the following funds: General Fund, Capital <br />Project Fund, Note Debt Service Fund, and Districtwide Assessment District Fund. <br />Each of these funds has its own revenue source(s) and has been created to <br />accomplish designated expenditure goals. The total of these four fund budgets is <br />$20,979,310. <br />Each fund has been presented and discussed during a public hearing process which <br />began on May 10, 2001 and concludes with the final adoption of all budgets on August <br />2, 2001. <br />GENERALFUND <br />The General Fund is the primary operating fund of the District. Operational costs <br />associated with the day-to-day operation of the District are budgeted in this fund. Also <br />major repair projects under $5,000 and the purchase of capital equipment and other <br />capital items are budgeted in this fund. <br />- Serving the Conejo Wley Since 1963 - <br />155 EAST WILBUR ROAD - THOUSAND OAKS, CALIFORNIA 911360 - (805) 495-6471 - FAX: (805) 497-3199 - E-MAIL: parkspupd.org <br />