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| CALCULATION OF APPROPRIATIONS LIMIT FOR FY 2016-2017
Article XIIIB of the California Constitution (the "Gann Initiative") and implementing legislation requires each local agency to review its "appropriations limitation" on an annual basis. The "appropriations limit" is the maximum amount of "proceeds of taxes" which the District can appropriate during the fiscal year. Last year the District Board of Directors adopted the appropriations limit applicable during FY 2016-2017. Based on data released by the Department of Finance on per capita income and population changes, we have calculated the District’s appropriations limit for the coming fiscal year.
APPROVED BUDGET FOR FISCAL YEAR The Board of Directors of the Westborough Water District has approved the following budgets: Adopted Budget for Fiscal Year 2016-2017 Adopted Budget for Fiscal Year 2015-2016 Adopted Budget for Fiscal Year 2014-2015 Adopted Budget for Fiscal Year 2013-2014 Adopted Budget for Fiscal Year 2012-2013 Adopted Budget for Fiscal Year 2011-2012 Adopted Budget for Fiscal Year 2010-2011 Adopted Budget for Fiscal Year 2009-2010 Adopted Budget for Fiscal Year 2008-2009 Adopted Budget for Fiscal Year 2007-2008
AUDITED FINANCIAL STATEMENTS The following are the Westborough Water District's audited financial statements: Financial Statements for Fiscal Year Ending June 30, 2016 and Letter to Management 2016 Financial Statements for Fiscal Year Ending June 30, 2015 and Letter to Management 2015 Financial Statements for Fiscal Year Ending June 30, 2014 and Letter to Management 2014 Financial Statements for Fiscal Year Ending June 30, 2013 Financial Statements for Fiscal Year Ending June 30, 2012 Financial Statements for Fiscal Year Ending June 30, 2011
REIMBURSEMENT AND COMPENSATION POLICY The following is the Westborough Water District's Reimbursement and Compensation Policy for Board Members (Directors). Policy on Director’s Compensation and Expense Reimbursement
ANNUAL DISCLOSURE OF BOARD MEMBER OR EMPLOYEE REIMBURSEMENTS In accordance with Government Code 53065.5: Each special district, as defined by subdivision (a) of Section 56036, shall, at least annually, disclose any reimbursement paid by the district within the immediately preceding fiscal year of at least one hundred dollars ($100) for each individual charge for services or product received. "Individual charge" includes, but is not limited to, one meal, lodging for one day, transportation, or a registration fee paid to any employee or member of the governing body of the district. The disclosure requirement shall be fulfilled by including the reimbursement information in a document published at least annually and shall be made available for public inspection. To view must current report, click on the following report: |
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