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Workshop Item # 10 October 19, 2011 Reserve Funds & Revenuec.Operating & Capital Budget for Water Operationsb.Operating & Capital Budget for Electric Operationsa.FY12 & FY13 Budget
FY12 and FY13 Budget 2 Electric and Water reserves and revenue•Electric and Water operational and capital budgets•October 19Supporting services budgets•Purchase Power Plan•Overview•October
5Objectives, goals, and assumptions•September 7 Budget Process Schedule
FY12 and FY13 Budget 3 Approve the related FY12 and FY13 budget transfers•Adopt the FY12 and FY13 Purchase Power Plan•ratesAdopt the FY12 and FY13 Budget and overhead allocation •November
16Public hearing•Draft FY12 and FY13 Budget•Financial Master Plan summary•November 2(cont)
FY 4 No new debt–increased from 0% to 4% per yearMost other operational expenses will remain flat or slightly –FY11 BudgetStaffing includes a reduction of two employees from the –FY13Overall
labor rates will be flat in FY12 and increased 3% in –No electric and water rate increases in FY12 and FY13–On September 7, Staff presented the following assumptions:•budgetyear -District
Code requires the District to prepare a two•Background / History Budget 1312
5 Electric Department Budget& FY
New Information Budget 13& FY 12 FY 6$3.4 million annual debt service–FY12-2003 COP debt is extinguished in mid–year expenses-to-No material change in year–Electric Utility•Budgeted
demand decreases in FY12; no change in FY13–No rate increase–Electric Utility revenue•
7 222 Budget& FY
New Information Budget 13& FY 12 FY 8 New construction continues to be slow•Lake substationReliability Improvement Project, and the reliability of Donner Focus will continue on system
maintenance, the SCADA –One less employee–•(cont.)
FY(in thousands)Comparison of FY11, FY12 and FY13 Budgets-Electric Operations Budget 1312
10(in thousands)Electric Department Capital Projects & Equipment Budget 1312 FY
11 Water Department Budget 1312 FY
New information (cont)Budget 13& FY 12 FY 12 No main replacement projects in FY12 and FY13•Water meter installation project •Water SCADA program •Capital expenditures–year expenses-to-No
material increases in year–Water Utility expenses•Decreased demand–No rate increase–Water Utility revenue requirements •
13 52 Budget 1312 FY
New Information Budget 13& FY 12 FY 14 meterspipeline replacement, and the conservation effect of water Less purchased power due to energy efficiency increases, –One less employee–Water
Operations•(cont.)
FY(in thousands)Comparison of FY11, FY12 and FY13 Budgets-Water Operations Budget 1312
16(in thousands)Water Department Capital Projects & Equipment Budget 1312 FY
17 Revenue Requirements Budget 1312 FY
Comparison of FY12 Budget to FY11 Budget Budget 13& FY 12 FY 18(in thousands)
Comparison of FY13 Budget to FY12 Budget Budget 13& FY 12 FY 19(in thousands)
20 Projected Reserve Balances Budget 1312 FY
21(in thousands)Electric Department Projected Reserve Fund Balances Budget 1312 FY
22(in thousands)Water Department Projected Reserve Fund Balances Budget 1312 FY
Fiscal Impact Budget 13& FY 12 FY 23 yearsthat will affect the District’s spending for the next two fiscal This budget workshop is part of the overall budget process •
Recommendation Budget 13& FY 12 FY 24 Review this report and provide comments•