Laserfiche WebLink
@gum MMY0, 90)w o 91MI HOME& <br />GENERAL MANAGER BOARD OF DIRECTORS <br />Jim Friedl Susan L. Holt, Chair <br />Joe Gibson, Vice Chair <br />Mark H. Jacobsen, Director <br />George M. Lange, Director <br />John A. Short III, Director <br />GENERAL MANAGER EMERITUS <br />TO: Board of Directors Tex Ward <br />FROM: Jim Friedl, General Manager <br />DATE: June 25, 2009 <br />SUBJECT: Adoption of 2009-2010 & 2010-2011 Budgets <br />RECOMMENDATION <br />The Board of Directors adopt Resolution Number 062509-A adopting the fiscal year (FY) 2009- <br />2010 & 2010-2011 budgets for all funds, and policy matters contained in the body of and <br />attachments to this memorandum. <br />DISCUSSION <br />For fiscal years 2009-2010 and 2010-2011, the District will adopt budgets for the following funds: <br />General Fund, Districtwide Assessment District Fund, Dos Vientos Assessment District Fund, <br />Rancho Conejo Assessment District Fund, Capital Projects Fund and Equipment Replacement <br />Fund. <br />The operating budget is the same as that presented and discussed at the June 11 Board meeting. <br />The capital project budget for fiscal years 2009-2010 & 2010-2011 has one change from that <br />discussed at the May 28 Board meeting: In the Districtwide Assessment Fund, $50,000 for <br />replacing asphalt with concrete at Thousand Oaks Park has been carried forward from FY 2008- <br />2009 to FY 2009-2010. <br />Projects in years three through ten of the ten year capital improvement plan have been modified <br />from the May 28 board meeting: Walnut Grove Equestrian Arena Lighting has been moved from <br />year seven to year four; McCrea Ranch Master Plan improvements were added in year five <br />($5,000,000), and Fiore Parking Lot Expansion was added in year three ($200,000). As stated, <br />years three through ten of the ten year capital improvement plan are for information and planning <br />purposes only. <br />!n the event that FY 2008-09 capital items expected to be completed by June 30 are, in fact, <br />incomplete, we request authority to spend as necessary, not to exceed the 2008-2009 budget, with <br />a report to the Board for ratification. <br />HILLCREST CENTER 403 WEST HILLCREST DRIVE, THOUSAND OAKS, CALIFORNIA 91360-4223 <br />(805) 495-6471 FAX: (805) 497-3199 E-MAIL:parks@crpd.org <br />