Template revised April 12, 2018.

COMMISSION

AGENDA MEMORANDUM

Item No.

11a

BRIEFING ITEM

Date of Meeting

July 14, 2026

DATE: June 22, 2026

TO: Stephen P. Metruck, Executive Director

FROM: Chris Wimsatt, Chief Financial Officer

Michael Tong, Director, Corporate Budget

SUBJECT: 2027 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 2027 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 2027 budget from September to November.

ATTACHMENTS TO THIS BRIEFING

(1) Presentation slides

PREVIOUS COMMISSION ACTIONS OR BRIEFINGS

June 11, 2026 – Commission Budget Study Session on Commission Priorities

March 12, 2026 – Commission Retreat on Resource Conscious & Levy Scenario