The Springfield Utility Board plans to hold a special meeting to meet with SUB’s Budget Committee on Wednesday, August 11, 2021, at 5:00 p.m., immediately prior to its 6:00 p.m. regular Board meeting. The purpose of this meeting is to give SUB’s Budget Committee a mid-year budget review including mid-year financials, categories of capital projects, preliminary 10-year cash flow projections, rate increase projections for 2022-2030; working capital reserves, and information showing how SUB is doing year-to-date with its budget and a prognosis for the 2022 budget year.
The public is invited to attend the mid-year Budget Committee meeting, as well as the regular Board meeting, in-person at SUB’s Board Room located in the Annex Building at 223 A Street in Springfield; or the public may join remotely via phone or internet. Instructions to join remotely will be available on the agenda posted to SUB’s website prior to the meeting. Members of the public joining remotely will be prompted for comment at the appropriate time during the meeting. The public may also submit public comment in advance via email to email@example.com by Noon on Wednesday, August 11.
The Springfield Utility Board also plans to meet in executive session, pursuant to ORS 40.225 and ORS 192.660(2)(h); attorney-client privilege, and to consult with counsel concerning legal rights and duties with regard to pending or potential litigation. This meeting will be held in SUB’s Board Room located in the Annex Building at 223 A Street in Springfield, on Wednesday, August 11, and will commence at approximately 7:30 p.m., immediately following the conclusion of the regular Board meeting. Executive sessions are non-public.