About Us

Budget Information

Information About Our Biennial Budget

Budgeting

Current 2017-2019 Budget Information (All PDF files)

How TVWD Prepares Its Budget

TVWD facilitates an open and transparent budget process every two years (a biennial budget), as allowed by Oregon law. The biennial budget is reviewed and approved by the District's Budget Committee, which is comprised of five appointed citizen members who live within the District and the five elected members of the Board of Commissioners.

TVWD is a self-sustaining water utility. The District's budget includes five funds: a general fund, a construction fund, a Willamette Water Supply Program fund, a debt service fund and an intergovernmental agreement fund. The District does not receive any tax dollars, and all the revenue collected is spent on water operations, system maintenance and capital improvements. The TVWD Board of Commissioners authorizes the budget by adopting a resolution and appropriating funding in categories that include: personnel services, materials and services, capital outlay, debt service, contingency and transfers.

TVWD holds multiple public meetings as part of the budget process. TVWD encourages members of the public to attend these meetings to learn about the budget development process. The 2017-19 Budget schedule is provided below:

All workshops and meetings will be held at TVWD Headquarters.

For more information call (503) 848-3000 or visit our Board Meetings and Minutes Web page.

The Budget Committee

The five appointed Budget Committee members serve four year terms and represent the interests of the District's ratepayers. Applicants are interviewed by members from the Board of Commissioners and assessed for relevant education and experience, interest and ability to prepare for and attend all the required workshops and meetings.

There are no current openings on the District's Budget Committee. When an opening is available, TVWD publicizes vacancies in local newspapers and on the District website.

Budget Process and Schedule

TVWD's Budget process includes the following steps:

  • The Budget Committee begins their work early in the spring by learning about TVWD's capital projects and water system operations, its overall financial condition and outlook, and key policy that form the basis of the upcoming requested budget.
  • Staff prepares materials for Budget Committee review and feedback. TVWD staff asks the Budget Committee to consider the requested appropriations, asks questions and provide input.
  • The Budget Committee holds a public hearing to receive questions and comments from anyone wishing to testify on the Proposed Budget as presented by the District's Budget Officer.
  • The Budget Committee takes formal action by approving the budget and recommending the budget for adoption by the TVWD Board of Commissioners.
  • The TVWD Board of Commissioners holds a public hearing on the Approved Budget.
  • The Board of Commissioners adopts the District's budget during their regular Board Meeting in June.

Comprehensive Annual Financial Reports (CAFR):

SEC Municipal Advisory Rule - Evidence of Independent Registered Municipal Advisor Exception