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Home My WebLink About11 Budget, FMP and Projected Reserve Balances BUDGET ITEM #11 Projected Reserve Balances•Financial Master Plan•FY18 and FY19 BudgetProjected Reserve Balances•Financial Master Plan•FY18 and FY19 Budget October 18, 2017 FY18 and FY19 Budget year span-10•and to identify any challengesterm financial goals -Tool to ensure progress towards Board’s long•Presented to the Board periodically since 2006•Financial Master Plan•BACKGROUND / HISTORY Financial Master Plan–FY18 and FY19 Budget Financial Master Plan– NEW INFORMATION Financial Master Plan–FY18 and FY19 Budget Financial Master Plan–FY18 and FY19 Budget CalPERS changes for the discount rate have been included•decreaseStarting in FY21 the cap and trade revenue could significantly •Interest earned is an average of just under 2%•also extinguisheddebt shared by Electric and Water is SidefundIn FY22, Pension •and Prop 55 bondsIn FY22, Water Utility debt decreases with extinguishing 2006 COP •No new debt•3% annual inflation•1% annual increase in customer growth•Assumptions• NEW INFORMATION Financial Master Plan–FY18 and FY19 Budget Financial Master Plan–FY18 and FY19 Budget NEW INFORMATION Financial Master Plan–FY18 and FY19 Budget Financial Master Plan–FY18 and FY19 Budget NEW INFORMATION Financial Master Plan–FY18 and FY19 Budget Financial Master Plan–FY18 and FY19 Budget NEW INFORMATION Financial Master Plan–FY18 and FY19 Budget Financial Master Plan–FY18 and FY19 Budget FISCAL IMPACT term goals-budget is consistent with the District’s longThe Finance Master Plan validates that the proposed FY18 and FY19 •Electric and Water Operations–FY18 and FY19 Budget Electric and Water Operations–FY18 and FY19 Budget RECOMMENDATION Receive this report and provide comments to staff•Electric and Water Operations–FY18 and FY19 Budget Electric and Water Operations–FY18 and FY19 Budget