Title
Consider approving Resolution No. 2024-146 adopting the 2024-25 Operating Fund Budget of the North Dallas County Water Supply Corporation; and take appropriate action.
Body
REQUESTOR:
Finance, Fleet, and Facilities Department
BACKGROUND:
The North Dallas County Water Supply Corporation (NDCWSC) was created in 1991 through an interlocal agreement with the Town of Addison for the purpose of financing and constructing a sanitary sewer system tunnel to serve the east side of the City and the Town of Addison. The Corporate By-Laws require that the Corporation’s Board of Directors adopt an annual budget and that the City Councils of Farmers Branch and Addison approve the adopted budget.
DISCUSSION:
The Board, which consists of three staff members from the City of Farmers Branch and three staff members from the Town of Addison, conducted a public meeting to approve the budget on August 20, 2024. A quorum was present, and members voted to approve the budget.
FISCAL IMPACT:
No Financial Impact - Expenditures paid from available Fund Balance of the NDCWSC.
DISTRICT:
N/A
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution No. 2024-146 as presented.
2. I move to approve Resolution No. 2024-146, with modifications.
3. I move to table the issue for further study or take no action.
ATTACHMENT(S):
1. Resolution No. 2024-146