HomeMy WebLinkAbout9 Power Point Budget Objectives Goals
Budget Workshop Item # 9 September 2, 2015 Labor and DebtObjectives, Goals, Assumptions, FY16 & FY17 Budget:
Budget Schedule FY16 & FY17 Budget 2 Schedule public hearing–Discuss rates, fees, misc charges–Discuss projected revenue–Discuss reserve funds and balances–Discuss operating and capital
budgets of supporting services –October 21•Discuss operating and capital budgets of Electric & Water Utilities–October 7•Discuss purchased power plan –September 16•Discuss objectives,
goals, assumptions, and debt –September 2 (tonight)•
Budget Schedule FY16 & FY17 Budget 3 Consider adoption of the FY16 & FY17 budget–budgeta public hearing regarding the Hold –November 18•Present a draft of the FY16 & FY17 budget–lanPower
PReview final Purchase –Review the Financial Master Plan–November 4•
Background / History FY16 & FY17 Budget 4 environmentally sound manner at the lowest practical costManage District resources in an open, responsible, •serviceProvide reliable and high
quality water and electrical power •Renewable PortfolioActively seek renewable energy sources as set forth in the •Summary of Objectives and Goals
FY16 & FY17 Budget$ 39.5 $14.0 $ 25.5 Total Use of Funds5.5 2.7 2.9 Capital Projects1.1 0.2 0.9 Transfers to Reserves4.2 3.3 0.9 Debt Service28.8 $ 7.8 $ 20.9 Operating Expenses$
39.5 $14.0 $ 25.5 Total Source of Funds4.8 2.8 2.0 Transfers from Other Funds$ 34.7 $11.2 $ 23.5 Operating Revenue & Investment EarningsDistrictWaterElectricTotal 5(in millions of
dollars)FY15 Approved Budget Highlights-Prior Budget Background / History
Background / History FY16 & FY17 Budget 6 Water Rates increased 3% annually since 2014–Rates have not increased since 2009Electric–Utility Rates•
FY16 & FY17 Budget 7-Prior Budget
FY16 & FY17 Budget 8 FY15 Water Expenses-Prior Budget
New Information FY16 & FY17 Budget 9 An engineer is expected to be added in FY17–An electrician is expected to be added in FY16–U-Labor increase for FY17 estimated 3% and will tie to
CPI–Labor increase for FY16 dependent on contract negotiations–Labor:•A maximum increase of 5% FY17–Increase of 6% in FY16–Water rates:•No planned electric rate increase in FY16 and
FY17–Electric rates:•No new debt–3% inflation for FY17–0% inflation for FY16–Financial Assumptions•
10 HR ManagerSecretaryExecutive OfficerInformation Public AdministratorProjects Utility/GM Water ManagerElecAssist GM / ManagerServices AdministrativeManagerDirectorsBoard of TDPUD Customers
General Manager & Departments
11 WarehouseBuyerSpecialistWork Order SupervisorAccounting Work Order SpecialistAccounting SupervisorAccounting Accountant/AnalystSenior Accounting ManagerFinance and AdministratorPrograms
Conservation RepresentativeServicePrograms SpecialistConservation Programs ManagerConservation Meter Reader (1/2)CoordinatorReader Meter½)3(RepresentativeRepresentative LeadService
Billing SpecialistSupervisorServiceBilling/CustomerManagerCustomer Services Services ManagerAdministrative Administrative Services
Electric Utility / GIS & IT AdministratorContract EngineerSystemsNetworkEngineerIT/SCADA IT/GIS AnalystManagerGIS /IT InspectorLineman/ Substation Engineer (2)Electric EngineerSystem
MechanicMechanicSenior ProjectsSuperintendent Electricians (3)LinemanLinemanLead Service CrewForman LinemanApprentice Linemen (3)Line CrewForeman LinemanApprentice Linemen (3)Line CrewForeman
SuperintendentManagerElectric Utility 12
13 System TestingQuality &Training (2)In Technician Service Technicians (4)LeadmanForemanDistributionTechnicians (2)LeadmanForemanOperationsSuperintendent(General Mgr)ManagerWater Utility
Water Utility
New Information FY16 & FY17 Budget 14(in millions of dollars)Projected Debt Balances
Fiscal Impact FY16 & FY17 Budget 15 yearsthat will affect the District’s spending for the next two fiscal This budget workshop is part of the overall budget process •
Recommendation FY16 & FY17 Budget 16 Receive this report and provide comments•