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R2086 R E S O L U T I O N NO. 2086 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 1994 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 1994 Fiscal Year, so that the budget and related materials will be submitted no later than April 1, 1993, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT, that not later than April 1, 1993, the Executive Director shall submit to the Board a budget for the 1994 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 2 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 1994 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. 3 The foregoing Resolution was adopted March 10, 1993.