Agenda Item # 11
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Date: |
February 17, 2005 |
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Committee Meeting Date: |
March 10, 2005 |
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Board Meeting Date: |
NA |
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ACTION
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DISCUSSION
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| INFO
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BOARD MEMORANDUM
| TO: |
Policy Advisory Committee |
| | Santa Clara Valley Transportation Authority |
| | Board of Directors |
| | | | THROUGH: | Peter M. Cipolla |
| | General Manager |
| | | | FROM: | Roger Contreras |
| | Chief Financial Officer |
| | |
| SUBJECT: |
FY2006 and FY2007 Biennial Budget Assumptions |
FOR INFORMATION ONLY
BACKGROUND:
In order to facilitate the preparation of the biennial budget, major assumptions relating to the economy, revenues, service levels and other factors that affect the budget are proposed to the Santa Clara Valley Transportation Authority (“VTA”) Board of Directors (“Board”) for any recommended changes and approval.
DISCUSSION:
At the regularly scheduled meeting of the VTA Board on November 4, 2004, the attached budget assumptions were approved as submitted for the FY2006 and FY2007 Biennial Budget.
The budget assumptions are now being used as guidelines in developing the FY2006 and FY2007 budgets.
FISCAL IMPACT:
Budget assumptions have significant financial impacts as they are used to determine both revenue and expenditure projections for budgeting purposes.
| Prepared by: | Susan M. Stark, Controller |
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