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BEAUMONT CHERRY VALLEY WATER DISTRICT AGENDA REGULAR MEETING OF THE BOARD OF DIRECTORS 560 Magnolia Avenue, Beaumont, CA 92223 Wednesday, February 9, 2011 Regular Session 7:00 p.m.CALL TO ORDER, PRESIDENT
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How to fill out township board passes deficit

01
Review the current financial status of the township board to identify the deficit
02
Create a plan to address the deficit, including potential cuts in spending or increases in revenue
03
Present the plan to the township board for approval
04
Implement the approved plan to fill out the deficit

Who needs township board passes deficit?

01
Township boards that are facing a financial deficit and are responsible for managing and balancing the budget
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The township board passes deficit when its budget exceeds its revenue.
The township treasurer is required to file township board passes deficit.
To fill out township board passes deficit, the treasurer must gather financial information and report the deficit amount.
The purpose of township board passes deficit is to bring transparency to the township's financial situation.
The treasurer must report the deficit amount, reasons for the deficit, and any proposed solutions to address the deficit.
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