HomeMy WebLinkAbout16c Attach 3 BPR FYE20 Reserve BalancesVariance
12/31/2019
Invest
Income
Asset Sale
Proceeds
Funding @
Budget
Additional
Fundings
Use of
Reserves NET Goal To Goal
ELECTRIC UTILITY
General Fund 9,965,241$1,428,493$11,393,734$(490,000)$10,903,734$11,964,000$(1,060,266)$-9%
Capital Reserve 2,426,319 36,075 --1,552,133 (377,877)1,210,331 3,636,649 -3,636,649 5,708,000 (2,071,351)-36%
Vehicle Reserve 402,741 7,187 8,113 208,307 223,607 626,347 626,347 403,000 223,347 55%
Deferred Liabilites Rsv.2,053,044 32,874 32,874 2,085,918 -2,085,918 2,000,000 85,918 4%
Rate Reserve 5,870,208 68,320 68,320 5,938,528 490,000 6,428,528 6,394,000 34,528 1%
Total Reserves 20,717,553$144,455$8,113$208,307$1,552,133$(377,877)$2,963,624$23,681,177$-$23,681,177$26,469,000$(2,787,823)$-11%
Y2Y Change 6,711,553$2,963,624$2,963,624$
48%BOD approved 3/2020 1,000,000 14%14%
BOD approved 9/2020 552,133
E Funding Total 1,552,133
Auction Revenues
E - AB32 Cap & Trade 1,538,617 23,845 1,444,498 (1,400,000)68,343 1,606,959 1,606,959 1,400,000 206,959 15%
B'21 $ Us
WATER UTILITY
General Fund 2,582,902$502,698$3,085,600$1,618,447$4,704,047$4,753,000$(48,953)$-1%
Operating Reserve 1,599,909 18,537 18,537 1,618,447 (1,618,447)---NA
Capital Reserve -----2,384,000 (2,384,000)NA
Vehicle Reserve -2,000 43,225 174,709 -(21,947)197,987 197,987 -197,987 25,000 172,987 692%
Deferred Liabilites Rsv.104,927 1,299 1,299 106,226 -106,226 800,000 (693,774)-87%
Total Reserves 4,287,738$21,835$43,225$174,709$-$(21,947)$720,521$5,008,259$-$5,008,259$7,962,000$(2,953,741)$-37%
(1,199,755)$720,521$720,521$
-22%17%17%
Operating (General Fund) Reserve Goal - 50% of annual expenditures, before Depreciation & Purchase Power.
There is no "Operating Reserve" defined in District Code; the General Fund serves as the operating reserve.
Capital Reserve Goal - average annual budget for capital replacement
Vehicle Reserve Goal - sufficient funds to fund necessary expenditures forecasted
Deferrred Liabiliites Reserve Goal - dollar amount determined by Board of Directors
Rate Reserve Goal - only Electric, minium reserve equal to six months of budgeted purchased power cost.
Facility Fee balances are excldued from above, see separate attachment.
Restricted debt and other restricted reserves excluded for this report.
ATTACHMENT 3
PRELIMINARY FY20 YEAR-END RESERVE BALANCES
2020 Activity Proposed
Transfers
4/7/2021
Post-
Transfers
Balance
Preliminary
Balance
12/31/2020