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HomeMy WebLinkAbout11 Budget, Electric and Water BUDGET ITEM #11 Water Utility••Operating and Capital BudgetsFY18 and FY19 BudgetWater Utility••Operating and Capital BudgetsFY18 and FY19 Budget October 4, 2017 BUDGET SCHEDULE Electric and Water Operations–FY18 and FY19 Budget Electric and Water Operations–FY18 and FY19 Budget Schedule public hearing•Discuss reserve funds and Financial Master Plan•Discuss revenue, rates, fees, and charges•Discuss operating budgets for supporting services•October 18Discuss operating and capital budget for Electric and Water•Discuss Purchase Power Plan•(Tonight) October 4Discuss objective, goals, assumptions, labor and debt•September 6 BUDGET SCHEDULE Electric and Water Operations–FY18 and FY19 Budget Electric and Water Operations–FY18 and FY19 Budget Consider adoption of the FY18 & FY19 Budget•Hold a public hearing regarding the budget•November 15Present a draft of the FY18 & FY19 Budget•Review final Purchase Power Plan•November 1 FY18 and FY19 Budget unrepresented employeesLabor cost increase of 4.5% budgeted for FY18 and 3% for FY19 for •employeesLabor cost increase of 3% budgeted for FY18 and FY19 for represented •of 3% for FY18 and FY19Budgeted water revenue includes the maximum potential rate increases •FY18 and FY19Budgeted electric revenue includes the 3% scheduled rate increases for •No new debt•3% inflation•General Budget Assumptions•BACKGROUND / HISTORY Electric and Water Operations–FY18 and FY19 Budget Electric and Water Operations– NEW INFORMATION ELECTRIC UTILITYElectric and Water Operations–FY18 and FY19 Budget Electric and Water Operations–FY18 and FY19 Budget NEW INFORMATION Electric and Water Operations–FY18 and FY19 Budget Electric and Water Operations–FY18 and FY19 Budget NEW INFORMATION FY18 and FY19electric revenue includes the 3% scheduled rate increases for Budgeted •Electric Utility operating revenue•Electric and Water Operations–FY18 and FY19 Budget Electric and Water Operations–FY18 and FY19 Budget FY18 and FY19 Budget Comparison of FY17, FY18, and FY19 Budgeted Expenses NEW INFORMATION Electric Operations Expenses•Electric and Water Operations–FY18 and FY19 Budget Electric and Water Operations– FY18 and FY19 Budget (in thousands)Electric Operations -Capital Projects & Equipment •Electric Utility•NEW INFORMATION Electric and Water Operations–FY18 and FY19 Budget Electric and Water Operations– NEW INFORMATION WATER UTILITYElectric and Water Operations–FY18 and FY19 Budget Electric and Water Operations–FY18 and FY19 Budget FY18 and FY19 Budget NEW INFORMATION Electric and Water Operations–FY18 and FY19 Budget Electric and Water Operations– NEW INFORMATION increases for FY18 and FY19% scheduled rate maximum 3revenue includes the Budgeted water •Water Utility operating revenue•Electric and Water Operations–FY18 and FY19 Budget Electric and Water Operations–FY18 and FY19 Budget FY18 and FY19 Budget Comparison of FY17, FY18, and FY19 Budgeted Expenses NEW INFORMATION Water Operations Expenses•Electric and Water Operations–FY18 and FY19 Budget Electric and Water Operations– FY18 and FY19 Budget NEW INFORMATION Water Operations (in thousands)–Capital Projects & Equipment •Water Utility•Electric and Water Operations–FY18 and FY19 Budget Electric and Water Operations– FISCAL IMPACT next two fiscal yearsThe FY18 and FY19 budget will affect the District’s spending for the •preparing the FY18 and FY19 balanced budget for considerationThis budget workshop is part of the overall budget process in •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