Agenda Item 10-C Information Item To: Chairman Milde and the VRE Operations Board From: Doug Allen Date: November 21, 2014 Re: Budget Update and Discussion At the October 17th Operations Board meeting the Board Members asked for a presentation and discussion to be held in order to reach a consensus in advance of being asked to approve the proposed FY 2016 VRE Operating and Capital Budget in December. Brett Shorter, VRE’s Deputy Director of Finance and Administration, will give a presentation on the current status of the Preliminary FY 2016 VRE Operating and Capital Budget.