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HomeMy WebLinkAbout7 Power Point Budget Public Hearing FY16 and FY17 Budget Public Hearing #7 November 4, 2015 Budget Process Schedule 2 FY16 and FY17 Budget Purchase Power Plan•September 16Existing debt•Labor•Organization chart•Budget assumptions•Mission, goals and objectives•September 2 FY16 and FY17 Budget Electric and water reserves•Financial Master Plan•Support services operational and capital budgets•budgetSet public hearing date for •October 21Electric and Water operational and capital budgets•October 7 Budget Process Schedule 3 Budget Process Schedule 4 FY16 and FY17 Budget Consider adopting FY16 & FY17 budget •November 18Financial Master Plan•budgetdraft –hearing Public •Budget reviewDraft FY16 & FY17 •November 4 (tonight) Background / History 5 17 An engineer is expected to be added in FY-An electrician is expected to be added in FY16-Labor increase of 5% for FY16 and 3% for FY17-Labor•A maximum increase of 5% in FY17-Annual increase of 6% in FY16-Water rates-No planned electric rate increase in FY16 & FY17-No new debt-Inflation is expected to be 3% for FY17-On September 2, staff presented the following assumptions• Comparison of FY16 Budget to FY15 Budget FY16 and FY17 Budget 6(in thousands) 7(in thousands)Comparison of FY16 Budget to FY17 Budget FY16 and FY17 Budget Fiscal Impact FY16 and FY17 Budget 8 will affect the District’s spending for the next two fiscal yearsThis public hearing is part of the overall budget process that • Recommendation FY16 and FY17 Budget 9 draft FY16 and FY17 proposed budgetthe a Public Hearing to receive input relating to Conduct •