Adopted Budget and Long-Term Financial Plan

2012-13 Budget and Long-Term Financial Plan

The District Board adopted a biennial budget for fiscal years 2013/14 and 2014/15, along with a ten-year financial plan. This budget process includes projections, with annual reviews, of sewer capacity utilization, systems growth in conjunction with the District’s Master Plan and the District’s service growth projections, operating revenues and expenses, debt service requirements, and cash flows. The District uses this data to project additional capacity requirements, to ensure proper debt coverage and to provide for adequate funding for the District’s ongoing activities.