(The IID Board is taking it down to the wire)…..The Imperial Irrigation District operates under a calendar year.
That means they need to adopt a budget by the first of the New Year. Tuesday Greg Broeking, Chief Financial Officer for the District, presented the Board with two options for a balanced budget. The Directors had problems with the proposed Energy Cost Adjustment in both options. The options proposed offered an ECA that would float according to energy costs, but with adjustments. It was finally agreed the Board would hold a special Budget Meeting on December 30th, at which time the CFO will try and address the Board’s concerns and still present a balanced spending plan for the Energy and Water departments. The special meeting will be held in Condit Auditorium in El Centro, beginning at 4:30 in the afternoon.