HomeMy WebLinkAbout7, FY20 & FY21 Budget
WORKSHOP ITEM #7Labor and DebtObjectives, Goals, Assumptions, FY20 & FY21 Budget: Labor and DebtObjectives, Goals, Assumptions, FY20 & FY21 Budget: August 21, 2019
FY20 & FY21 Budget Discuss operating budgets for supporting services•–September 18 Discuss operating and capital budget for Electric and Water•Discuss Purchased Power Plan•–September
6 Discuss objective, goals, assumptions, labor and debt•–(Tonight) August 21 BUDGET SCHEDULE FY20 & FY21 Budget
FY20 & FY21 Budget Consider adoption of the FY20 & FY21 Budget•–November 6 FY21 BudgetConsideration to set a public hearing regarding the Draft FY20 & •–October 16 Review the 10 year
Financial Master Plan projections•Discuss Reserve funds•Discuss Revenue, Rates, Fees, and Charges•Present a draft of the FY20 & FY21 Budget•–-October 2 BUDGET SCHEDULE FY20 & FY21 Budget
FY20 & FY21 Budget sound manner at the lowest practical costManage District resources in an open, responsible, environmentally •PortfolioActively seek renewable energy sources as set
forth in the Renewable •serviceProvide reliable and high quality water and electrical power •Summary of Objectives and Goals•FY20 & FY21 Budget
FY20 & FY21 Budget Manage continuing unfunded regulatory requirements•Improve safety and security of district assets•Maintain focus on repair and maintenance of facilities and equipment•Selection
of a new General Manager •Key Focus Areas of the FY20 and FY21 Budget•FY20 & FY21 Budget
FY20 & FY21 Budget(in thousands of $’s)FY19 Approved Budget Highlights –Prior Budget •FY20 & FY21 Budget
FY20 & FY21 Budget 3% was also applied to revenue for FY21•August 19, 2015)01, adopted -the FY20 (Ordinance 2015A maximum of 3% is projected for •2014Water rates have increased incrementally
since •Water Rates: •01, adopted March 6, 2019)-FY21 (Ordinance 20193.0% increase for •01, adopted March 6, 2019)-for the FY20 (Ordinance 2019increase 2.7% •FY17 was the first rate
increase since 2009•Electric Rates: •Utility Rates•NEW INFORMATION FY20 & FY21 Budget
NEW INFORMATION in FY21Total budgeted headcount is 73 employees in FY20 and 74 employees •Labor increase of 3% budgeted for FY20 and FY21 for all employees•Labor•No new debt•3% inflation
for FY20 & FY21•Financial Assumptions•FY20 & FY21 BudgetFY20 & FY21 Budget
NEW INFORMATION Positions Budgeted by Department FY18 & FY19 BudgetFY18 & FY19 Budget
FY20 & FY21 Budget Con’t–Positions Budgeted by Department NEW INFORMATION FY20 & FY21 Budget
FY20 & FY21 Budget Con’t–Positions Budgeted by Department NEW INFORMATION FY20 & FY21 Budget
FY20 & FY21 Budget Con’t–Positions Budgeted by Department NEW INFORMATION FY20 & FY21 Budget
FY20 & FY21 Budget Con’t–Positions Budgeted by Department NEW INFORMATION FY20 & FY21 Budget
FY20 & FY21 Budget Con’t–Positions Budgeted by Department NEW INFORMATION FY20 & FY21 Budget
•NEW INFORMATION FY18 & FY19 BudgetFY18 & FY19 Budget(in millions of dollars)Projected Debt Balances
FISCAL IMPACT FY18 & FY19 BudgetFY18 & FY19 Budget affect the District’s spending for the next two fiscal yearsThis budget workshop is part of an overall budget process that will •
RECOMMENDATION FY18 & FY19 BudgetFY18 & FY19 Budget Receive this report and provide comments to staff•