TO: Members of the Governing Board
FROM: Tracy Schulze - Auditor-Controller
REPORT BY: Tracy Schulze - Auditor-Controller
SUBJECT: Napa Berryessa Resort Improvement District Fiscal Year 2024-25 Budget Adoption
RECOMMENDATION
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Adopt a Resolution of the fiscal year 2024-25 recommended budget for Napa Berryessa Resort Improvement District (NBRID). (Fiscal Impact: Revenues of $3,237,217, Expenditures of $2,854,799; Mandatory)
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BACKGROUND
The Governing Board of the Napa Berryessa Resort Improvement District (NBRID) opened a public hearing for the fiscal year 2024-25 budget on June 11, 2024. This item has been prepared by the Auditor-Controller's Office based on the Board's actions taken during the public hearing and is presented as the basis for adoption of the budget resolution.
FISCAL & STRATEGIC PLAN IMPACT
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Is there a Fiscal Impact? |
Yes |
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Is it currently budgeted? |
No |
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Is it Mandatory or Discretionary? |
Mandatory |
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Is the general fund affected? |
No |
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Future fiscal impact: |
Establishes budget authority for fiscal year 2024-25. |
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Consequences if not approved: |
Without budget adoption, NBRID will not have spending authority for fiscal year 2024-25. |
ENVIRONMENTAL IMPACT
ENVIRONMENTAL DETERMINATION: The proposed action is not a project as defined by 14 California Code of Regulations 15378 (State CEQA Guidelines) and therefore CEQA is not applicable.