Review Draft Final Budget for FY 2024-25

In June, the Board approved an initial/placeholder budget for FY 2024-25. This allowed the District to continue operating and paying employees and vendors while District administration continued to refine the budget and re-classify transactions from the 2023-24 fiscal year. The initial budget projected a total net loss of $1.16 million across all funds. Since June and as a result of additional work, the total operating net loss across all funds has been reduced to approximately $438,000. Nearly half of this operational deficit is due to the Fire Department. Future revenue streams to operate the Fire Department must be explored. This draft operating budget - which will return to the Board for approval on September 25 - anticipates that all pre-fire water and sewer rates will return to normal (from a 50% discount) in October. One-time capital expenditures have also been removed from this operating budget and will instead be approved by the board in a separate capital projects and fixed assets budget. 

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