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Home My WebLink About12 FY20 FY21 Budget BUDGET ITEM #12 FY20 and FY21 BudgetHearing Regarding the Adoption of the Consideration to schedule a Public -Draft FY20 and FY21 Budget Summary-FY20 and FY21 BudgetFY20 and FY21 BudgetHearing Regarding the Adoption of the Consideration to schedule a Public -Draft FY20 and FY21 Budget Summary-FY20 and FY21 Budget October 16, 2019 FY20 and FY21 Budget Planfunds and Financial Master eserve RDiscussed •ervicesSupport SDiscussed the Operating and Capital for •October 2Operationsperating and Capital budget for Electric and Water ODiscussed •Discussed Purchase Power Plan•September 4Discussed objective, goals, assumptions, labor and debt•August 21 BACKGROUND / HISTORY FY20 and FY21 Budget FY20 and FY21 Budget Consider adoption of the FY20 and FY21 Budget•earing regarding the budgetHHold a Public •6November Draft FY20 and FY21 BudgetConsideration to set a Public Hearing regarding the •BudgetFY21 and Present a draft of the FY20 •(tonight)October 16 BACKGROUND / HISTORY FY20 and FY21 Budget FY20 and FY21 Budget classesLabor cost increase of 3% budgeted for FY20 and FY21 for all employee •of 3% for FY20 and 3% for FY21Budgeted water revenue includes the maximum potential rate increases •FY20 and 3% for FY21Budgeted electric revenue includes the 2.7% scheduled rate increase for •No new debt•3% inflation•General Budget Assumptions•BACKGROUND / HISTORY FY20 and FY21 Budget NEW INFORMATION(in thousands)BudgetFY19 Budget to FY20 Comparison of BudgetFY21 and FY20 BudgetFY21 and FY20 NEW INFORMATION(in thousands)BudgetFY20 Budget to FY21 Comparison of BudgetFY21 and FY20 BudgetFY21 and FY20 FY20 and FY21 Budget method is the same as prior budgetsAllocation •expensesinefficiency, but merely a factor used to allocate indirect allocation rates are no indication of efficiency or Overhead •specific job, function, work order, etc. are impossible or impractical to assign to a expensesIndirect •etc.(overhead) to work orders, departments, are used to allocate indirect expenses allocation rates Overhead •AllocationsOverhead •NEW INFORMATION FY20 and FY21 Budget NEW INFORMATION Existing and proposed overhead allocation rates BudgetFY21 and FY20 BudgetFY21 and FY20 NEW INFORMATION Electric Utility FY20 and FY21–Budgeted Transfers •BudgetFY21 and FY20 BudgetFY21 and FY20 NEW INFORMATION Water Utility FY20 and FY21–Budgeted Transfers •BudgetFY21 and FY20 BudgetFY21 and FY20 FISCAL IMPACT Staff is proposing a balanced budget for FY20 and FY21•term goals-longThe proposed FY20 and FY21 Budget is consistent with the District’s •BudgetFY20 and FY21 BudgetFY20 and FY21 RECOMMENDATION FY21 Budgetsoon thereafter, to receive public comment on the proposed FY20 and Schedule a Public Hearing for November 6, 2019 at 6:00pm, or as 2.Provide input to staff1.BudgetFY21 and FY20 BudgetFY21 and FY20