On what date is the final budget due to the Board of Commissioners?

The final budget due to the Board of Commissioners is due on May 31st. This date is significant because it aligns with the operational and fiscal cycles that utility departments must adhere to. Most organizations, including utilities like LADWP, have structured timelines that dictate when certain financial documents are to be submitted for approval. The May 31st deadline allows sufficient time for the budget to be reviewed, any necessary adjustments to be made, and for it to be passed in alignment with the start of the new fiscal year. This timing ensures that the utility can effectively plan and allocate resources for the upcoming period, maintaining proper financial oversight and operational efficiency.