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Resolution No. 3057-17 Water Enterprise Fund Resolution1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 RESOLUTION NO. 3057-17 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT ADOPTING THE BUDGET FOR THE WATER ENTERPRISE FUND FOR FISCAL YEAR 2017/18 WHEREAS, on March 21, 2017, the Board of Directors of the South Tahoe Public Utility District held a public meeting and directed District staff to develop the proposed budget for Fiscal Year 2017/18 with a proposed water service charge rate increase of 6.5% to fund the 2017/18 Water Capital Improvement Plan and operating budget of the Water Enterprise Fund. NOW, THEREFORE BE IT RESOLVED, by the Board of Directors of the South Tahoe Public Utility District that: The attached budget in the amount of $19,744,175 is adopted for the Fiscal Year beginning July 1, 2017, and ending June 30, 2018. WE THE UNDERSIGNED, do hereby certify that the above and foregoing Resolution No. 3057-17 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 .18 th day of May 2017, by the following vote: AYES: CEFALU, VOGELGESANG, SHEEHAN NOES: JONES ABSENT: WALLACE ATTEST: lwm� bz&11� Melonie Guttry, Clerk of the Board South Tahoe Public Utility District Randy Vogelgesang, Board President South Tahoe Public Utility District