HomeMy WebLinkAbout10 FY16 Mid-Cycle Year-End Budget Review
ACTION ITEM #10 Financial Results and Routine TransfersEnd -Consideration of the FY16 YearFinancial Results and Routine TransfersEnd -Consideration of the FY16 Year MARCH 1, 2017
FY16 Year resultsend -cycle review; preliminary FY17 year-of-March 7, 2018 end•year review of FY17-August 2, 2017 mid•end-cycle review; FY16 year-March 1, 2017 (tonight) mid•year review
of FY16-August 3, 2016 mid•& FY16 Board adopted November 18, 2015, •cycle FY16 and FY17budget year -2•st Fiscal Year ends December 31•rocesspBudget •BACKGROUND / HISTORY End Financial
Results and Routine Transfers-FY16 YearEnd Financial Results and Routine Transfers-
NEW INFORMATION End Financial Results and Routine Transfers-FY16 YearEnd Financial Results and Routine Transfers-FY16 Year
NEW INFORMATION$100,000 in back rent for wireless rental spacearbitrage rebate received in FY16 in addition to the one time Water revenue was 1% higher than budget which includes the
$171K •6%rates increased Water •Electric revenue was 5% higher than budget •Electric rates remained unchanged•FY16 Revenue•End Financial Results and Routine Transfers-FY16 YearEnd Financial
Results and Routine Transfers-FY16 Year
NEW INFORMATION Water operating expenses exceeded budget by 1%•decreased energy costsElectric purchased power expense was 4% less than budget due to •Electric operations expenses came
in 4% under budget •FY16 Operating Expenses•TransfersEnd Financial Results and Routine -FY16 YearTransfersEnd Financial Results and Routine -FY16 Year
NEW INFORMATION Rate Funded–Electric Utility -FY16 Capital Projects •End Financial Results and Routine Transfers-FY16 YearEnd Financial Results and Routine Transfers-FY16 Year
NEW INFORMATION Con’tElectric Utility -FY16 Capital Projects •End Financial Results and Routine Transfers-FY16 YearEnd Financial Results and Routine Transfers-FY16 Year
NEW INFORMATION Water Utility–FY16 Capital Projects •TransfersEnd Financial Results and Routine -FY16 YearTransfersEnd Financial Results and Routine -FY16 Year
FY16 Year NEW INFORMATION End Financial Results and Routine Transfers-FY16 YearEnd Financial Results and Routine Transfers-
FY16 Year NEW INFORMATION End Financial Results and Routine Transfers-FY16 YearEnd Financial Results and Routine Transfers-
FY16 Year NEW INFORMATION End Financial Results and Routine Transfers-FY16 YearEnd Financial Results and Routine Transfers-
NEW INFORMATION Balance as of December 31, 2016 $453,615•$1,732,880Spending in the past 5 years •$1,946,432Fees collected in past 5 years •Facilities FeesWater •alance as of December
31, 2016 is $153,619B•Spending in the past 5 years $1,148,721•Fees collected in past 5 years were $699,746•Electric Facilities Fees•year period-In compliance with spending facilities
fees within the mandated 5•Facilities Fees•End Financial Results and Routine Transfers-FY16 YearEnd Financial Results and Routine Transfers-FY16 Year
FY16 Year NEW INFORMATION End Financial Results and Routine Transfers-FY16 YearEnd Financial Results and Routine Transfers-
FISCAL IMPACT benefits reserve Including the review and analysis of implementing a employee •to the Board in FY17Staff will be bringing a review of reserves and reserve goals back •FY17
budget and 10 Year Financial Master PlanFiscal impact is in alignment with the Board approved FY16 and •End Financial Results and Routine Transfers-FY16 YearEnd Financial Results and
Routine Transfers-FY16 Year
RECOMMENDATION End Financial Results and Routine Transfers-FY16 YearEnd Financial Results and Routine Transfers-FY16 Year Wood Estates Fund to the Water Utility General FundMartisUtility
the Board designated reserve for the Water from Transfer $1,430 b)Electric Utility Capital Reserve Transfer $822,828 from the Electric Utility General Fund to the a)the following transfers:2.
Authorize Accept and direct staff to file this report1.
FY16 YearEnd Financial Results and Routine Transfers-FY16 YearEnd Financial Results and Routine Transfers-
FY16 YearEnd Financial Results and Routine Transfers-FY16 YearEnd Financial Results and Routine Transfers-
FY16 YearEnd Financial Results and Routine Transfers-FY16 YearEnd Financial Results and Routine Transfers-