HomeMy WebLinkAbout14 FY12 and FY13 Budget Overview Agenda Item # 14
TRUCKEE DONNER
Utilit
BUDGET
To: Board of Directors
From: Bob Mescher
Date: October 05, 2011
Subject: FY12 and FY13 Budget: General Overview
1. WHY THIS MATTER IS BEFORE THE BOARD
This item continues the preparation process of the FY12 and FY13 Budget.
2. HISTORY
District Code requires the District to prepare atwo-year budget.
BUDGET PROCESS SCHEDULE
September 7. 2011
• Discussed the budget objectives, goals, and assumptions
October 5, 2011 (Tonight)
• Discuss the:
• Budget overview;
• Purchase power plan; and
• Supporting services budget.
October 19
• Discuss the Electric and Water Utility operational and capital budgets
November 2
• Present the Financial Master Plan Summary
• Present a draft of the FY12 and FY13 Budget
• Hold a public hearing
November 16
• Adopt the FY12 and FY13 Budget and Overhead Allocation Rates
• Adopt the FY12 and FY13 Purchase Power Plan
• Approve the related FY12 and FY13 budgeted transfers from the reserve funds
i
At the September 7, 2011 Board Meeting
Staff
assumptions: g, presented the following budget
• Customer utility rates will not be increased in FY12
Overall labor rates are a and FY13,
• O estimated to be flat in FY12 and increase
3% in FY13; d an estimated
• Staffing level changes include a reduction of tw
Budget; o employees from the FY11
• Most other operational expenses will remain flat
from 0 to 3% per year; and or slightly increased, ranging
Y ,
• No new debt will be incurred.
3. NEW INFORMATION
Staff is proposing a balanced budget. With the exception of inflationary increases in
some categories, there are no significant changes to the FY1
budget. 3 budget from the FY12
4. FISCAL IMPACT
This budget workshop is part of the overall budget process that will affect the District's
spending for the next two fiscal years.
5. RECOMMENDATION
Receive this report and provide comments to staff.
Bob Mescher
Michael D. Holley
Acting Administrative
Services Manager
General Manager