HomeMy WebLinkAbout7, FY13 Financial Results & Transfers
Action Item #7 February 5, 2014 and Routine Transfers End Financial Results -YearConsideration of the FY13
FY13 Year 2 end-cycle review; FY13 year-of-February 5, 2014 (tonight) end–year review of FY13-July 17, 2013 mid–end-cycle review; FY12 year-February 20, 2013 mid–year review of FY12-July
18, 2012 mid–November 16, 2011, Board adopted FY12 & FY13 Budget–Year budget-2–st Fiscal year ends December 31–•Background / History and TransfersEnd Financial Results -
New Information 6565EmployeesAverage Number of 12,55112,400Water Customers13,28313,200Electric CustomersActualFY13 BudgetFY13 Statistics and TransfersEnd Financial Results -FY13 Year
3
FY13 Year 4 Water pipeline replacement accelerated–Electric Donner Lake Substation was delayed–FY13 Capital Projects•Purchased power costs were slightly lower than budgeted–Electric
and Water operating expenses were less than budgeted–FY13 Operating Expenses•Electric and Water revenue were just above target–Electric Carbon Cap & Trade proceeds totaled $620,000–Electric
and Water rates remained unchanged–FY13 Revenue•New Information and TransfersEnd Financial Results -
Overall District and TransfersEnd Financial Results -FY13 Year 5
Electric Utility and TransfersEnd Financial Results -FY13 Year 6
Water Utility End Financial Results -FY13 Year 7
New Information and TransfersEnd Financial Results -FY13 Year 8 Balance as of December 31, 2013 was $0–Qualified debt payments in FY13 were $409,990–Fees collected in past 5 years were
$972,000–Water Facilities Fees–Balance as of December 31, 2013 was $0–Glenshire Drive widening–South Shore overhead reconstruction–Qualified expenditures in FY13 were $697,701–Fees
collected in past 5 years were $469,000–Electric Facilities Fees–year period-mandated 5In compliance with spending facilities fees within the –Facilities Fees•
9 and TransfersEnd Financial Results -FY13 Year
FY13 Year 10 end-cycle review; FY15 year-of-February 2016, end–year review of FY15-July 2015, mid–end-cycle review; FY14 year-February 2015, mid–year review of FY14-July 2014, mid–November
20, 2013, Board adopted FY14 & FY15 Budget–Year budget-2–FY14 & FY15 Budget•Schedule for the Current Budget and TransfersEnd Financial Results -
Fiscal Impact End Financial Results -FY13 Year 11 2013 water rate study updateend results are consistent with the data included in the -Year•Master Planyear Financial -end results are
consistent with the 10-Year•
Recommendation and TransfersEnd Financial Results -FY13 Year 12 Reserve to the Water General FundTransfer $231,000 from the Water Capital Replacement d)General FundTransfer $409,990
from the Water Facilities Fees to the Water c)Electric Capital Replacement ReserveTransfer $969,000 from the Electric General Fund to the b)Electric General FundTransfer $697,701 from
the Electric Facilities Fees to the a)Authorize the following transfers:•