HomeMy WebLinkAbout12 Power Point Budget FY16 and FY17
Budget Item #12 November 4, 2015 Year Financial Master Plan -Tenb)FY16 and FY17 Budget Summarya)FY16 and FY17 Budget
FY16 and FY17 Budget 2 Allocation method is the same as prior budgets•expensesinefficiency, but merely a factor used to allocate indirect Overhead allocation rates are no indication
of efficiency or •a specific job, function, work order, etc. are impossible or impractical to assign to Indirect expenses•expenses (overhead) to work orders, departments, etc.are used
to allocate indirect Overhead allocation rates •Overhead Allocations
Existing and proposed overhead allocation rates FY16 and FY17 Budget 3
4 financial goals to be met sooner and reduce future annual % increasesLess than inflationary rate increases starting in FY17 would allow District •minimal rate increases (4%) starting
in the FY18 & FY19 budget cycleThe Financial Master Plan proposes meeting financial goals in 2024 with •Electric Utility–Financial Master Plan FY16 and FY17 Budget
5 The average bill is $65–Permanent Residents (S10 rate)-Non•The average bill is $106–Permanent Residents (P10 rate)•Domestic Electric Rates: Domestic Electric Rates–Average Electric
Cost FY16 and FY17 Budget
Fiscal Impact FY16 and FY17 Budget 6 goalsterm -and FY17 Budget is consistent with the District’s longThe Finance Master Plan validates that the proposed FY16 •yearsthat will affect
the District’s spending for the next two fiscal This budget workshop is part of the overall budget process •
Recommendation FY16 and FY17 Budget 7 Review this report and provide comments•
8
FY16 and FY17 Budget
10(in thousands)Reserve and Operating Cash Balances FY16 and FY17 Budget
11(in thousands)Capital Spending FY16 and FY17 Budget
12(thousands)Electric Financial Master Plan FY16 and FY17 Budget
FY16 and FY17 Budget
FY16 and FY17 Budget(thousands)Water Financial Master Plan
FY16 and FY17 Budget