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Resolution 2947-14 1 RESOLUTION NO. 2947-14 2 A RESOLUTION OF THE BOARD OF DIRECTORS g OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT ADOPTING THE BUDGET FOR THE WATER ENTERPRISE FUND 4 FOR FISCAL YEAR 2014-15 5 6 WHEREAS, on March 26, 2014, the Board of Directors of the South Tahoe � Public Utility District held a public meeting and directed District staff to issue a $ Proposition 218 notice proposing a water service charge rate increase of 6.5% to fund 9 the 2014/15 water capital improvement plan and operating budget of the Water 10 Enterprise Fund. 11 �2 NOW, THEREFORE BE IT RESOLVED, by the Board of Directors of the South 13 Tahoe Public Utility District that: 14 The attached budget in the amount of$20,560,259 is adopted for the Fiscal Year 15 beginning July 1, 2014, and ending June 30, 2015. � 16 WE THE UNDERSIGNED, do hereby certify that the above and foregoing 17 resolution was duly and regularly adopted and passed by the Board of Directors of the �$ South Tahoe Public Utility District at a regular meeting duly held on the 5th day of June �9 2014, by the following vote: 20 2� AYES: Cefalu, Jones, Vogelgesang, Sheehan, Schafer 22 NOES: None 23 ABSENT: None 24 Eric Schafer, oar resident 25 South Tahoe Public Utility District 26 ATTEST: 27 • 28 Melonie Guttry, Clerk of the� oard 29 30