HomeMy WebLinkAbout9, Budget FY16 and FY17 2
Consideration of Approving Budget Item #9 November 18, 2015 Approve Transfersc)Adopt Purchase Power Planb)Adopt Budgeta)the FY16 and FY17 Budget
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 18 (tonight)Financial Master Plan•budgetdraft –hearing Public •Budget reviewDraft FY16 &
FY17 •November 4
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 This budget will affect the District’s spending for the next •
Recommendation FY16 and FY17 Budget 9 Approve the related budgeted transfers•Adopt the FY16 and FY17 Purchase Power Plan •FY17 Budget and overhead allocations22 to adopt the FY16 and
-Approve the Resolution 2015•