MONTECITO WATER DISTRICT

BOARD BUDGET WORKSHOP

583 SAN YSIDRO ROAD, MONTECITO, CALIFORNIA

AT 9:00 A.M., WEDNESDAY, MAY 12, 2010

AGENDA

1. CALL TO ORDER, DETERMINATION OF A QUORUM.

2. PUBLIC FORUM

This portion of the agenda may be utilized by any person to address the Finance Committee on any matter within the jurisdiction of the Committee. No consideration or discussion shall be undertaken by Committee members at this time on any item not appearing on this agenda except as permitted by the Ralph M. Brown Act. Discussion items receiving recommendations by the Committee, and/or items requiring action will be placed on the agenda of a future meeting of the Montecito Water District Board of Directors.

Items for Board Discussion

3. 2009/10 DISTRICT FINANCES

a. Monthly Water Sales Report

b. Monthly Revenue & Expense Report

c. Quarterly Investment Report

4. 2010/11 Budget

a. Cost of Living Adjustment

b. 2010/11 Draft Budget

5. LEGAL EXPENSE ANALYSIS

6. Director Requests

7. ADJOURNMENT

This agenda was posted at the Montecito Water District front counter and outside front wall at 9:00 AM May 7, 2010. The Americans with Disabilities Act provides that no qualified individual with a disability shall be excluded from participation in, or denied the benefits of, the District’s programs, services or activities because of any disability. If you need special assistance to participate in this meeting, please contact the District Office at (805) 969-2271. Notification at least twenty-four (24) hours prior to the meeting will enable the District to make appropriate arrangements.

Materials related to an item on this agenda submitted to the Committee after distribution of the agenda packet are available for public inspection in the Montecito Water District offices located at 583 San Ysidro Road, Montecito, during normal business hours.