HomeMy WebLinkAbout12 Power Point Mid Year budget review & transfers
Action Item # 12 August 3, 2011 June 2011Financial Performance through Year Review of the District’s -Mid
Mid 2 cycle review in February 2012-of-end / end-Year–year review in August 2011 (tonight)-Mid–cycle review in February 2011 (completed)-end / mid-Year–year review in July 2010 (completed)-Mid–compar
ison to actual resultsannual budget report -District Code requires semi•FY11 Budget approved November 18, 2009–FY10 •Background / History Financial PerformanceYear Review of the District’s
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Mid 3 FY11 Electric and Water Budget(cont)Background / History Financial PerformanceYear Review of the District’s -
New Information Financial PerformanceYear Review of the District’s -Mid 4 Electric Operating Revenue as of June 30, 2011(cont)
New Information Financial PerformanceYear Review of the District’s -Mid 5 Electric Operating Expenses as of June 30, 2011(cont)
New Information Financial PerformanceYear Review of the District’s -Mid 6 Water Operating Revenue as of June 30, 2011(cont)
New Information Financial PerformanceYear Review of the District’s -Mid 7 Water Operating Expenses as of June 30, 2011(cont)
New Information Financial PerformanceYear Review of the District’s -Mid 8 Electric & Water Capital Expenditures as of June 30, 2011(cont)
Fiscal Impact Financial PerformanceYear Review of the District’s -Mid 9 Vehicle Reserve$148,526 budgeted to be transferred from Water General Fund to •Vehicle Reserve$164,440 budgeted
to be transferred from Electric General Fund to •overs and reserve increases-available for project carryend, net operating revenue in excess of budget will be -At year•No budget adjustment
recommended at this time•
Recommendation Financial PerformanceYear Review of the District’s -Mid 10 Fund to the Water Vehicle ReserveAuthorize the transfer of $148,526 from the Water General •Fund to the Electric
Vehicle ReserveAuthorize the transfer of $164,440 from the Electric General •