Developing the budget is an annual planning process that involves the Board of Directors, System Manager, staff, engineers, operations and billing contractors as well as others. The budget is used as a tool to describe how dollars are converted to services, check and adjust course of action as needed to achieve strategies, and also to update plans.
The budget is guided by the Strategic Plan for the current fiscal year.
Certain decisions – especially the capital improvement program – made during the budget process have an impact that extends to multiple fiscal years, not only the year for which the budget is approved. In order to demonstrate this impact, five-year forecasts are developed for each system in the capital budgets. Certain board initiatives and other issues also have an impact on the budget process across all systems.