Budget Information
Information About Our Biennial Budget
TVWD's Board of Commissioners and staff are working on a new budget that will provide guidance for the 2020 and 2021 fiscal years. Developing the budget is one of four continuous steps in TVWD's financial management process. We invite you to take a closer look to our approach of making every dollar count.
2017 - 2019 Budget Information |
2019 - 2021 Budget Preparation |
Get Involved |
Budget Process |
Budget Committee |
Comprehensive Annual Financial Reports |
SEC Municipal Advisory Rule |
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2017-2019 Budget Information
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How TVWD Prepares Its Budget
TVWD facilitates an open and transparent budget process in accordance with Oregon law. TVWD operates with a two year (biennial) budget. The biennial budget has several oversight steps. The 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. The elected Board of Commissioners hold a hearing and consider the approved budget for adoption.
TVWD is a self-sustaining water utility, which means that rates and fees rather than taxation fund all services. TVWD does not receive any tax dollars, and all the revenue collected is spent on water operations, system maintenance and capital improvements. The District's budget includes funds for general operations, In-District capital improvements, Willamette Water Supply System capital improvements, capital reserves, and other intergovernmental funds.
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How can you get involved in the 2019-2021 budget
process?
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 and District priorities. The 2019-21 Budget schedule is provided below:
Completed Events |
Upcoming Events |
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Budget Committee Workshop 1
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Budget Committee Workshop 2
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Budget Committee Meeting
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Board of Commissioners Meeting
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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.
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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.
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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.
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Comprehensive Annual Financial Reports
(CAFR):
- 2018-2017 (18 MB)
- 2017-2016 (15 MB)
- 2014-2013 (10 MB)
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2006-2005 (12 MB)