The annual operating and capital budgets are developed beginning in April for the coming fiscal year which extends from July 1 to June 30 of the following year. The Board has a Finance Committee consisting of two Board members that meet in a noticed special meeting to review the draft budget and approve for presentation to the full Board. In addition, the full Board reviews a draft version at a regular scheduled meeting and also approves the final budget. The Water Rates and Sewer Service Charges are based on the adopted budget.