Template revised April 12, 2018.

COMMISSION

AGENDA MEMORANDUM

Item No.

11b

BRIEFING ITEM

Date of Meeting

July 23, 2024

DATE: July 5, 2024

TO: Stephen P. Metruck, Executive Director

FROM: Dan Thomas, Chief Financial Officer

Michael Tong, Director, Corporate Budget

SUBJECT: 2025 Budget Development Briefing

EXECUTIVE SUMMARY

The purpose of this briefing is to provide the Commission and the public a preview of the budget

development. Staff would also like to seek the Commission’s feedback on the guidance on

preparation of the 2025 budget.

This is one of a series of budget briefings to the Commission starting from July prior to the formal

Commission reviews and approvals of the 2025 budget from September to November.

ATTACHMENTS TO THIS BRIEFING

(1) Presentation slides

PREVIOUS COMMISSION ACTIONS OR BRIEFINGS

June 26, 2024 – Commission Budget Retreat