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HomeMy WebLinkAbout10 Attachment 1 - Electric FMP SummaryTruckee Donner Public Utility District Attachment 1 Financial Master Plan Summary FY16 through FY25 (in thousands) ELECTRIC FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Operating Cash Flow Operating revenue $ 22,671 $ 22,899 $ 24,041 $ 25,228 $ 26,230 $ 27,272 $ 28,356 $ 29,483 $ 30,655 $ 31,874 Operating expenses (20,674) (21,595) (22,243) (22,910) (23,597) (24,305) (25,035) (25,156) (25,910) (26,688) Other revenue/(expenses) (211) (177) (149) (107) (26) 37 109 169 193 215 Net Income $ 1,786 $ 1,127 $ 1,649 $ 2,211 $ 2,607 $ 3,004 $ 3,430 $ 4,496 $ 4,938 $ 5,401 Transfer from/(to) funds 3,423 3,812 2,325 2,257 2,189 2,368 388 -14 16 -241 Debt principle payments (656) (723) (795) (871) (952) (1,038) (549) - - - Capital projects (4,553) (4,216) (3,040) (2,969) (2,899) (3,078) (3,000) (3,253) (3,879) (4,219) Change in Operating Cash $ (0) $ (0) $ 139 $ 629 $ 945 $ 1,255 $ 269 $ 1,229 $ 1,075 $ 940 Cash & Reserve Balances Operating Cash Balance $ 5,194 $ 5,194 $ 5,333 $ 5,961 $ 6,906 $ 8,161 $ 8,430 $ 9,659 $ 10,734 $ 11,675 Rate Reserve Balance 4,360 4,360 4,404 4,448 4,515 4,582 4,651 4,744 4,839 4,936 Facility Fee Reserve Balance 201 452 714 637 559 476 389 298 202 98 Capital & Vehicle Reserve Balance 2,029 645 442 390 495 509 692 719 717 973 Cash & Reserve Balances $ 11,784 $10,651 $10,893 $11,436 $12,475 $13,728 $ 14,162 $ 15,420 $ 16,492 $ 17,682 Debt service coverage (1.10 required until 2022) 2.37 1.62 2.06 2.51 2.72 2.94 6.41 no debt no debt no debt Pro osed rate change 0.0% 0.0% 4.0% 4.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%