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HomeMy WebLinkAbout13 FY18 Year-End Review ACTION ITEM #13 End Transfers-Yearb)End Financial Results-FY18 Yeara)Cycle Budget Review:-Mid End Transfers-Yearb)End Financial Results-FY18 Yeara)Cycle Budget Review:-Mid MARCH 6, 2019 FY18 Year end results-reliminary FY19 yearP•-of-March 2020 end•year review of FY19-August 2019 mid•end results-reliminary FY18 yearP•reviewcycle -2018 (tonight) midMarch 6, •year review of FY18-August 1, 2018 mid•FY19 Budget& FY18 Board adopted November 14, 2017, •cycle FY18 and FY19budget year -2•st Fiscal Year ends December 31•Budget process BACKGROUND / HISTORY End Financial Results and Transfers-FY18 YearEnd Financial Results and Transfers- BACKGROUND / HISTORY Contributed Capital•Depreciation •Amortization•Year end revenue accruals•Budget excludes•FY18 Electric and Water Utility Budget•End Financial Results and Transfers-FY18 YearEnd Financial Results and Transfers-FY18 Year NEW INFORMATION TransfersEnd -YearEnd Financial Results and -YearFY18 TransfersEnd -YearEnd Financial Results and -YearFY18 FY18 ) December 2018Thousands(Preliminary Consolidated Operating Statement NEW INFORMATION TransfersEnd Financial Results and -YearFY18 TransfersEnd Financial Results and -Year FY18 Electric Utility, December 2018)ThousandsPreliminary Operating Statement (NEW INFORMATION TransfersEnd Financial Results and -YearFY18 TransfersEnd Financial Results and -Year FY18 NEW INFORMATION TransfersEnd Financial Results and -YearFY18 TransfersEnd Financial Results and -Year FY18 Water Utility, December 2018)ThousandsPreliminary Operating Statement (NEW INFORMATION TransfersEnd Financial Results and -YearFY18 TransfersEnd Financial Results and -Year NEW INFORMATION TransfersEnd Financial Results and -YearFY18 TransfersEnd Financial Results and -YearFY18 NEW INFORMATION Percentage of Total Pension LiabilityCalPERS Pension Plan Net Position as a TransfersEnd Financial Results and -YearFY18 TransfersEnd Financial Results and -YearFY18 FY18 NEW INFORMATION TransfersEnd Financial Results and -YearFY18 TransfersEnd Financial Results and -Year FISCAL IMPACT FY19 BudgetFiscal impact is in alignment with the Board approved FY18 and •TransfersEnd Financial Results and -YearFY18 TransfersEnd Financial Results and -YearFY18 RECOMMENDATION and TransfersEnd Financial Results -YearFY18 and TransfersEnd Financial Results -YearFY18 Deferred Liabilities ReserveTransfer $1,000,000 from the Electric General Fund to the Electricb.Capital Replacement Reserve Transfer $2,000,000 from the Electric General Fund to the Electric a.Authorize the following Transfers:2.Accept this report1. FY18 Backup Slides and TransfersEnd Financial Results -YearFY18 and TransfersEnd Financial Results -Year NEW INFORMATION Balance as of December 31, 2018 including interest is $834,809•$1,878,297Spending in the past 5 years •$2,681,529Fees collected in past 5 years •Facilities FeesWater •Balance as of December 31, 2018 including interest is $581,669•Spending in the past 5 years $404,190•Fees collected in past 5 years were $971,194•Electric Facilities Fees•year period-In compliance with spending facilities fees within the mandated 5•Facilities Fees•TransfersEnd Financial Results and -YearFY18 TransfersEnd Financial Results and -YearFY18 FY18 TransfersEnd Financial Results and -YearFY18 TransfersEnd Financial Results and -Year