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Board of Trustees Meeting |
Agenda Topic: Consent Calendar
Approval for Trustee Walker to attend California Special District Association’s (CSDA) Leadership Academy Module 3 – Board’s Role in Finance and Fiscal Accountability, May 16, 2008 in Sacramento, in an amount not to exceed $1,500 from Fund #6120.01.250 – Trustee Support.
Background:
Module 3 looks at how the special district board carries out its fiduciary responsibility to the district. The budget is arguably the most significant policy document in a special district. It reflects the short and long-term goals of the district. Boards do more than just adopt budgets. They also monitor budgets, receive audit reports and understand the principles of facility development.
In this time of financial crisis, this course becomes even more important. It is essential that special district boards understand and carry out their fiscal oversight duties in a responsible manner.
Participants will learn how to:
• Develop a method for approving the district’s annual budget
• Communicate budget information to the public
• Establish financial goals
• Review district finances
• Develop a process for capital improvement plans and developing a reserves guideline
• Link district finance to:
- District belief
- Values
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- Strategic goals
Staff Recommendation:
Approve Trustee Walker attendance at the California Special
District Association’s (CSDA) Leadership Academy Module 3 – Board’s Role in
Finance and Fiscal Accountability, May 16, 2008 in
Fiscal Impact:
Current funds available from Fund #6120.01.250 – Trustee Support are $5,632.20, which is 14% of the budgeted amount for this line item. This expenditure is approximately 27% of the available balance.