HomeMy Public PortalAboutR2044 R E S O L U T I O N NO. 2044
WHEREAS, Section 7.090 of the Plan of the Metropolitan
St. Louis Sewer District provides for the submission to the Board
of Trustees of a budget for the ensuing fiscal year and an
explanatory budget message and general appropriation ordinance
conforming with the budget not later than the first day of May in
each year, and
WHEREAS, Ordinance No. 3178, adopted December 15, 1976,
provides that the budget and related material be submitted to the
Board of Trustees not later than the fifteenth day of March in
each year, and
WHEREAS, at this time, the Board of Trustees is
considering the schedule of User Charges to be implemented which
will impact revenue for the 1993 Fiscal Year, and cannot advise
the staff as to what User Charge rates and the resulting revenues
will be, and
WHEREAS, the Board of Trustees is desirous of waiving
the provisions of Ordinance No. 3178 only as it pertains to the
budget for the 1993 Fiscal Year, so that the budget and related
materials will be submitted no later than April 1, 1992,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT, that not later than
April 1, 1992, the Executive Director shall submit to the Board a
budget for the 1993 Fiscal Year, an explanatory budget message,
and a general appropriation ordinance conforming with such budget.
The budget shall provide a complete financial plan for the budget
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year for all District and subdistrict funds, and shall include the
following:
(1) Estimated revenues to be actually received from
all sources during the budget year, together with a comparative
statement of revenues for the two years next preceding, itemized
by year, fund, and source.
(2) Proposed expenditures recommended by the Executive
Director for the budget year, together with a comparative
statement of expenditures for the two years next preceding,
itemized by year, fund, activity, and object.
(3) The amount required for the payment of interest,
amortization, and redemption charges on the debt of the District
or any subdistrict.
(4) A general budget summary.
In no event shall the total amount of proposed
expenditures for the budget year from any fund exceed the
estimated revenues to be actually received plus any unencumbered
balance or less any deficit estimated for the beginning of the
budget year.
BE IT FURTHER RESOLVED, that in addition to the budget
for the 1993 Fiscal Year and other materials required by this
Resolution, the Executive Director shall submit to the Board
projections showing estimated revenues and expenditures for the
succeeding three years respectively.
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The foregoing Resolution was adopted March 11, 1992.