HomeMy WebLinkAbout12 FY17 Year-End Review
ACTION ITEM #12 End Transfers-Year3.Establishing a Deferred Liabilities Reserve2.End Financial Results-FY17 Year1.Consideration of:End Transfers-Year3.Establishing a Deferred Liabilities
Reserve2.End Financial Results-FY17 Year1.Consideration of:MARCH 7, 2018
FY17 Year-yearcycle review; preliminary FY17 -of-March 7, 2018 (tonight) end•year review of FY17-August 2, 2017 mid•end-cycle review; FY16 year-March 1, 2017 mid•year review of FY16-August
3, 2016 mid•& FY16 Board adopted November 18, 2015, •cycle FY16 and FY17budget year -2•st Fiscal Year ends December 31•Budget process BACKGROUND / HISTORY End Financial Results and
Transfers-FY17 YearEnd Financial Results and Transfers-
FY17 December 2017Thousands Preliminary Consolidated Operating Statement NEW INFORMATION TransfersEnd Financial Results and -YearFY17 TransfersEnd Financial Results and -Year
FY17 Electric Utility, December 2017Thousands Operating Statement NEW INFORMATION TransfersEnd Financial Results and -YearFY17 TransfersEnd Financial Results and -Year
FY17 NEW INFORMATION TransfersEnd Financial Results and -YearFY17 TransfersEnd Financial Results and -Year
FY17 Water Utility, December 2017Thousands Operating Statement NEW INFORMATION TransfersEnd Financial Results and -YearFY17 TransfersEnd Financial Results and -Year
NEW INFORMATION TransfersEnd Financial Results and -YearFY17 TransfersEnd Financial Results and -YearFY17
NEW INFORMATION TransfersEnd -YearEnd Financial Results and -YearFY17 TransfersEnd -YearEnd Financial Results and -YearFY17
NEW INFORMATION Percentage of Total Pension LiabilityCalPERS Pension Plan Net Position as a TransfersEnd Financial Results and -YearFY17 TransfersEnd Financial Results and -YearFY17
FY17 NEW INFORMATION TransfersEnd Financial Results and -YearFY17 TransfersEnd Financial Results and -Year
FISCAL IMPACT FY17 budget and 10 Year Financial Master PlanFiscal impact is in alignment with the Board approved FY16 and •TransfersEnd Financial Results and -YearFY17 TransfersEnd Financial
Results and -YearFY17
RECOMMENDATION and TransfersEnd Financial Results -YearFY17 and TransfersEnd Financial Results -YearFY17 Authorize staff to establish a Deferred Liabilities Reserve for Electric 2.Accept
and direct staff to file this report1.
RECOMMENDATION and TransfersEnd Financial Results -YearFY17 and TransfersEnd Financial Results -YearFY17 Fund $100,000 from Water General Fund to the Deferred Liabilities Reserveg)and
Fund; Loan Fund to Water Utility General GlenshireTransfer $1,473 from f)Fund;Transfer $150,158 from Water Utility Facilities Fees to Water Utility General e)Reserve;General Fund to
the Deferred Liabilities Electric Fund $1,000,000 from d)Reserve;Vehicle Electric Utility General Fund to Electric Transfer $500,000 from c)Reserve;Rate Utility Electric Utility General
Fund to Electric Transfer $1,000,000 from b)Reserve;Electric Utility to Electric Utility General Fund from a)Authorize the following transfers:3.
FY17 and TransfersEnd Financial Results -YearFY17 and TransfersEnd Financial Results -Year
FY17 Backup Slides and TransfersEnd Financial Results -YearFY17 and TransfersEnd Financial Results -Year
NEW INFORMATION Balance as of December 31, 2017 $370,773•$1,932,003Spending in the past 5 years •$2,157,552Fees collected in past 5 years •Facilities FeesWater •alance as of December
31, 2017 is $301,093B•Spending in the past 5 years $1,101,891•Fees collected in past 5 years were $780,920•Electric Facilities Fees•year period-In compliance with spending facilities
fees within the mandated 5•Facilities Fees•TransfersEnd Financial Results and -YearFY17 TransfersEnd Financial Results and -YearFY17
FY17 TransfersEnd Financial Results and -YearFY17 TransfersEnd Financial Results and -Year