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 $500,000. There are two components to the budget - operations and capital/fixed assets. The capital/fixed asset budget will increase deficit spending above the $445,000 as a result of several one-time vehicle purchases, heavy equipment purchases, and construction projects.This final operating budget includes two important assumptions: a 5% cost of living adjustment (COLA) as well as the reinstatement of full water and sewer rates for all burned down properties. Burned properties have been paying only 50% of the district's adopted water and sewer rates since the Dixie Fire. 

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