HomeMy WebLinkAbout16, Mid-Year Budget ReviewWorkshop # 16
Mid -Year Review of the District's
Financial Performance through
June 2013
July 1 , 2013
Background / History
• FY12 - FY13 Budget approved November 16, 2011
• District Code requires semi-annual budget report
comparison to actual results
— Mid -year review in July 18, 2012
— Year-end / mid -cycle review in February 20, 2013
— Mid -year review in July 17, 2013 (tonight)
— Year-end / end -of -cycle review in February 2014
2
Background / History
FY 1 3 Electric a n d Water Budget
Operating Ri° >? >
Expenses
Operating . Income
Transfers from Other Funds
Transfers Out t, Other `u:,
Capital z Projects
>'. <
� ■ �:
Electric Water«»2
<f.ff■ «;,
, f,f *,k ■\
��<■�4,■
\
rA
New Information
Electric Capital Expenditures as of June 30, 2013
Projection
% o%
of
e of FundsBudget
d of Yr Budge-1
tlib
89,17459
Jub
•
4 w
21894,463
912,106
a 21820,717
9%
a
New Information
Water Capital Expenditures as of June 30, 2013
Projection%
o%
of
e of Funds,Budget
d of Yr Budge-1
Rates
ai62,11250
4%
pup. 4n 4 O'.
%
Vehicle Reserve
197,032
4
N
%
Future Water �Metersi
5781090
15317'38
27%i
2401818
4 %
Total
Wti 21218,693 uw
866,136
39
'wi
A 1911419,66
8 %
Fiscal Impact
No budget adjustment recommended at this time
Recommendation
Receive this report and provide direction to staff
11