HomeMy WebLinkAbout6 2008 Budget electric rate f
Agenda Item #
Public Utility District
Public Hearing
To: Board of Directors
From: John Ulrich
Date: November 15, 2007
Subject: Public hearing on the draft 2008 Budget and electric rate change
Why this matter is before the Board: This matter is a public hearing on the Budget for 2008 and electric
rate change. We traditionally hold a hearing before adopting the District's annual Budget and adopting an
ordinance for a rate change.
History: The Board has been holding workshops about the 2008 Budget.
September 19, 2007
• Discussion of the Mission/Goals/Objectives
• Purchase Power Plan: 2008 Purchase Power plan scenarios
• Water Department: COP committee update and Water capital activity
October 3, 2007
• Discussion of Labor: what goes into the District labor force
• Discussion of Finance: Debt
• Discussion of Conservation: various conservation programs in relation to 2008 budget
• Discussion of the Electric Department capital expenditures: 2008 capital activity
October 17, 2007
• Discussion of Department 2008 Budgets
a. Board of Directors
b. General Manager
c. Administrative Services
d. Conservation
e. General Services
f. Electric
g. Water
• Discussion of overheads as they relate to the budget
• Discussion of reserve funds and the rate stabilization fund as they relate to the budget and impact
on rates
• Discussion of revenues and a rate change: how factors will affect and drive a rate change.
November 7, 2007
• Discussion of the draft budget
• Discussion of the District Finance Master Plan : budget calculations/scenarios
• Discussion of proposed electric rate change
• Public Hearing regarding the draft budget for 2008 and electric rate change
New information: The hearing was advertised in the Sierra Sun on October 30 for the November 7 public
hearing and will be in the Sierra Sun again on November 13 for the November 19 public hearing. The
copies of the budget were distributed to the Board at the special meeting on October 23, 2007.
Recommendation: r is no action required as part of the public hearing.
1\
o Ulrich, Interim General Manager