Yes it does! As stated elsewhere, every year when the District’s Board of Trustees (“Board”) approves a budget for the forthcoming year, it adopts an updated Central Service Cost Allocation Plan” which provides for payment via transfers from its Utility, Community Services … Continue reading →
Because central services cost transfers represent such a large percentage of revenues assigned to the District’s General Fund, we believe it important to understand exactly what these services represent. Because as we have explained elsewhere, general improvement districts (“GIDs”) are limited purpose forms … Continue reading →
As we’ve discussed elsewhere, every year when the District’s Board of Trustees (“Board”) approves a budget for the forthcoming year, it adopts an updated Central Service Cost Allocation Plan which provides for payment, via transfers, from its Utility, Community Services and Beach … Continue reading →
Each year when the District’s Board of Trustees (“Board”) approves a budget for the forthcoming year, it adopts an updated Central Service Cost Allocation Plan pursuant to Board Policy 18.1.0 which we are told is designed to distribute “the cost … Continue reading →
As we’ve discussed elsewhere, according to staff the District’s “central services” transfers distribute “the cost of services (allegedly) provided by the General Fund to the District’s various enterprise funds, departments or divisions” from which those monetary transfers are to be made. … Continue reading →
As elsewhere stated, the District’s central services cost transfers are allocated between and come from the District’s Utility, Community Services and Beach Funds. But where do the monies for these transfers actually come from? Take another look at the Plan … Continue reading →