An Open Rate Setting Process
The FOWD Board of Directors and staff establish customer water rates through an open process that involves customer participation and input. The process begins with publicly approved master plans and financial plans that cover projections for multiple years. These strategic plans are then used to develop annual budgets that balance projected planning with current business conditions.
District staff begins the annual budget process six months before the start of the fiscal year. The annual budget development proceeds through senior management and an ad-hoc budget committee consisting of selected board members for review and analysis. The budget package is presented to the entire board during public meeting, and then to our customers for their input through information sessions and a final public hearing usually occurring in November to set the next year’s rate.