HomeMy WebLinkAboutORD 2024-21 - Budget AmendmentORDINANCE NO. 70Z14 — ZA
AN ORDINANCE OF THE CITY OF GEORGETOWN, TEXAS,
AMENDING THE FISCAL YEAR 2024 ANNUAL BUDGET FOR MID-
YEAR OBLIGATIONS THAT WERE NOT KNOWN AT THE TIME
THE BUDGET WAS ADOPTED; APPROPRIATING THE VARIOUS
AMOUNTS THEREOF; REPEALING CONFLICTING ORDINANCES
AND RESOLUTIONS; INCLUDING A SEVERABILITY CLAUSE;
AND ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, the City is aware of obligations not currently funded in the fiscal year 2024
Budget in the following funds: General, Capital Projects, Electric Conservation, American Rescue
Act, Facilities, Fleet, Joint Services, Information Technology, Airport, Electric, Stormwater, and
Water; and
WHEREAS, these funds will be funded from available fund balances or additional
revenues; and
WHEREAS, the City Charter and state law allow for changes in the Annual Operating
Plan by a Council majority plus one in emergency situations and for municipal purposes; and
WHEREAS, the changes were unknown and unforeseeable at the time the fiscal year 2024
Budget was approved; and
WHEREAS, the City Council finds it to be in the best interest of the public to amend the
2024 Budget for mid -year obligations that were not known at the time the Budget was adopted, as
set out herein.
NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF GEORGETOWN, TEXAS:
Section 1. The meeting at which this ordinance was approved was conducted in
compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551.
Section 2. The facts and recitations contained in the preamble of this ordinance are hereby
found and declared to be true and correct and are incorporated by reference herein and expressly
made a part hereof, as if copied verbatim.
Section 3. The amendment to the 2024 annual Budget of the revenues of the City of
Georgetown and expenses of conducting the affairs thereof, is in all things adopted and approved
as an addition to the previously approved Budget of the current revenues and expenses, as well as
fixed charges against said City for the fiscal year beginning October 1, 2023 and ending September
30, 2024. A copy of the amendment is attached hereto as Exhibit A and incorporated by reference
herein.
Ordinance Number: �Zolll� - & ('arc 1 of 2Subject\ `(iN
Date Approved:
Section 4. The total of $26,033,325 is hereby released from appropriation for payments of
expenditures and payments of the funds and included in Exhibit A.
Section 5. All ordinances or resolutions that conflict with the provisions of this ordinance
are hereby repealed, and all other ordinances or resolutions of the City not in conflict with the
provisions of this ordinance shall remain in full force and effect. This ordinance complies with the
vision statement of the Georgetown 2030 Plan.
Section 6. If any provision of this ordinance, or application thereof, to any person or
circumstance, shall be held invalid, such invalidity shall not affect the other provisions, or
application thereof, of this ordinance, which can be given effect without the invalid provision or
application, and to this end the provisions of this ordinance are hereby declared to be severable.
Section 7. The Mayor is hereby authorized to sign this ordinance and the City Secretary to
attest. This ordinance shall become effective upon adoption of its second and final reading by the
City Council in accordance with the provisions of the City Charter of the City of Georgetown.
PASSED AND APPROVED on First Reading on the 9th of April, 2024.
PASSED AND APPROVED on Second Reading on the 2311 of April, 2024.
ATTEST: THE CITYWGEORGETOWN:
Robyn D nsmore, City Secretary Josh hroeder, Mayor
APPROVED AS TO FORM:
gkyel4assorV, City Attorney
Ordinance Number: Z Page 2 of 2
Subject:
Date Approved:
FY2024: MID -YEAR BUDGET AMENDMENT
Each year, the City amends the budget for multi -year capital projects, as well as operational changes that were
unknown at the time the budget was adopted.
GENERAL CAPITAL PROIE(:'T FUND:
This amendment contains impact to capital projects due to price escalation, change in scope and design and new
projects.
Price Escalation:
Austin Avenue Bridges - $7.5 million
Berry Creek Drive - $109 thousand
DB Wood (SH 29 to Oak Ridge) - $600 thousand
Downtown Parking Garage - $3 million
Intersection Improvements - $3 thousand
Public Safety Vehicles Price Increase - $492 thousand
San Gabriel Park - $10 thousand
Southeast Inner Loop - $8 hundred
Southwestern Blvd (SE Inner Loop) - $3 million
Southwestern Blvd (TIA) - $1 million
New Projects:
The Wolf Ranch Parkway at Southwest Bypass is a new project, which is TIA funded. This amendment recognizes $73
thousand.
Change in Project Scope/Design and price escalation:
Fire Station 1 Renovation - $500 thousand
Logistics Building - $2 million
Additionally, this amendment includes funding for an arbitrage payment. The total amount is 129 thousand. This
amount is for interest earned on bond proceeds that exceeds the issued interest rate on the bond proceeds within
the given timeframe.
The City budgeted $10 million in Future Facilities Bond as the City's contribution to the YMCA. This amendment
proposes a reduction of $10 million in bond proceeds based on timing of the project. The $10 million for the YMCA
project will be moved to the FY2025 Budget.
With higher interest rates, the City has seen a large increase in investment revenue related to interest earnings over
the past fiscal year and continuing into FY2024. Interest earnings are tracked by debt issuance and are able to be
used for eligible projects within that issuance. Many projects have seen cost escalations due to inflation, and the
interest earnings can be used to offset these costs rather than issuing additional debt. Along with the capital project
roll forward amounts, this amendment also includes appropriating $9 million in interest income for projects across
all funds.
GENERAL FUND:
Included in this amendment is $150 thousand for election expense to go towards voter education on ESD#8 sales tax
election. ESD#8 uses a cost sharing model to pay for Fire and EMS support services based on their usage of the Fire
system. Additional sales tax revenue will help ESD#8 cover their increasing cost of Fire and EMS support from the
City.
The General Fund will send $181 thousand to the Electric Fund to support the Streetlight Repair Program. Abu dgeted
Lineman and an existing bucket truck were repurposed to create a dedicated Streetlight Repairs group. These
resources must be backfilled to keep the rest of Electric Distribution operations fully staffed and functioning.
Anticipated hire date is May 1, 2024. The City is reviewing options for alternative streetlight maintenance funding
source for FY2025.
The Police Department budgeted to replace all Motorola body cameras in FY2024. Due to price increase and the
addition of extra cameras for redundancy, the contract is $20 thousand more than anticipated. This amendment
appropriates one-time funding in the Police operations budget to pay for the additional costs.
Public Safety Staffing:
Included in the FY2024 budget were 8 overstaffing positions for public safety, 3 for Police, and 5 for Fire Services.
There was no budgeted funding with these positions. The intent was to leverage salary savings to account for
overstaffing efforts in FY2024. Both Police and Fire were able to fill overstaff positions early and are currently fully
staffed. This amendment is proposing to use approximately $880 thousand for salary and benefits for overstaffing
employees. Moving into FY2025, these positions will be included in the base budget for Police and Fire. Staff is
proposing to amend Fire's personnel budget by approximately $700 thousand to account for additional overtime and
associated personnel expenses. Although fully staffed, Fire has incurred higher than anticipated overtime costs while
new hires complete training. It is anticipated that all new hires will complete training by March 2024. In addition,
staff is anticipating the overtime needs for Two Step Inn as well as the cyclical increase in the summer months.
This amendment appropriates funding for equipment related to the three positions in Police and the 5 positions in
Fire. Associated equipment totals $164 thousand and includes equipment, uniforms, technology expense,
computers, and radio equipment.
In addition to amending the budget for overstaffing, staff is proposing to amend Police and Fire for anticipated
overtime and associated personnel expenses. It is anticipated that Police will need approximately $300 thousand in
additional overtime expense. The driver behind this increase is primarily from the increase Police presence for events
such as Two Step Inn, Red Poppy, and downtown patrol on weekends.
To help offset the anticipated increase, staff is proposing to recognize reimbursement revenue from Two Step Inn
and interest earnings. This amendment recognizes $200 thousand in reimbursement revenue for public safety
support during Two Step Inn. Additional interest earnings of $200 thousand is also recognized in the mid -year
amendment. Interest earnings have been strong through FY2024 as interest rates have stabilized. Staff will
reevaluate interest earnings moving into FY2025.
Water Franchise Fees and Payment in Lieu of Taxes (PILOT) revenue are expected to increase from the rate change
effective April V. Council approved a 32.5% Water increase and a 11.5% Wastewater increase. The primary drivers
behind the rate increase are rehabilitation and expansion of infrastructure, inflation impacts, and the need to secure
additional water resources for future needs. The total increase in recurring revenue to the General Fund is $591
thousand.
SPECIAL, REVENUE FUNDS AND INTERNAL SERVICE. FUNDS:
AMERICAN RESCUE PLAN ACT FUND:
This amendment appropriates an additional $62 thousand for additional funding needed for the parking garage.
Interest earnings revenue in the amount of $62 thousand will be recognized to offset the additional expense.
ELECTRIC CONSERVATION FUND:
This amendment appropriates $50 thousand of expense in the Electric Conservation fund for the estimated billing
software configuration needed for the newly adopted solar, power factor, and primary voltage structure.
F,Ac1i. Ti s FUND:
Staff is proposing to recognize the budget from an FY23 contract. This was not included in the CIP Roll Forward
amendment and is needed to offset the contract encumbrance from FY2023. Included in the amendment is $41
thousand appropriated in irrigation expense. The increase is funded through available fund balance within the
Facilities Fund.
FLEET SERVICES FUND:
Fleet acquired a fleet management software, Faster. The software provides a comprehensive asset management
from initial acquisition through disposal. Total appropriation is $88 thousand. This increase to the Fleet budget is
funded with available fund balance.
Mid -year purchases for public safety vehicles totals $492 thousand. This includes three new vehicles for recently
filled overstaffing positions in Police, and accounts for a price increase in FY24 Police replacement vehicles. The
proposed funding source for these items is through certificate of obligations.
The Electric Fund is sending funding to the Fleet Fund for the purchase of two bucket trucks to backfill streetlight
maintenance and an F-150 for an operations tech position. This amendment appropriates $500 thousand for the
two bucket trucks and $60 thousand for the F-150.
10iNT SERVICES FUND:
This amendment includes $200thousand for professional services for development related expenses. The additional
appropriation is needed as current plan review/engineering expenses are expected to exceed budget by the end of
the fiscal year. It will be taken from the available fund balance.
ENTERPRISE FUNDS:
AIRPORT:
The Airport Fund is adding an additional position of an Operations Manager. This position will manage day-to-day
operations and focus on compliance, regulation and safety. The prorated salary is $28 thousand based on a start
date of May V.
ELECTRIC:
The Electric Fund is requesting additional funding for the City's Streetlight Program. The request includes a full-time
position, Electric Distribution Troubleshooter, with an anticipated start date of May 15t, and two bucket trucks. The
Electric Fund will be responsible for maintaining all streetlights in the City of Georgetown city limits irrespective of
the energy provider. The new full-time employee prorated salary, benefits, and operational needs total $54
thousand. Additionally, as part of the street light project, the Electric Fund will receive $181 thousand transfer from
the General Fund to help with associated streetlight repair costs.
Buckettrucks: One of the existing bucket trucks is being exclusively used for streetlight maintenance. This is affecting
other electric distribution operations. We will request a new streetlight repair lineman position in FY2025. Ordering
the second bucket truck now allows for the lineman to have the equipment needed. Electric Bucket trucks have a 6-
12-month lead time. The total for two bucket trucks is $500 thousand.
F-150: Two Operational Technology Network tech positions were approved for Fiscal Year 2024. The two trucks did
not move into the approved budget. One of the pickup trucks will be in this MYBA and the other one will be in FY2025
budget. The total for an F-150 is $60 thousand.
This amendment appropriates an additional $3 million for changes to various capital improvement projects. The
system improvements for Ordinary Improvements were increased due to capacity upgrades. The system
improvements for Voltage Conversion, Power Quality, Sectionalization/Coordinating and Protection/Distribution
Automation were reduced due to a shift in project needs. The substation feeder exits/extensions was also reduced.
STORMWATER:
Pond maintenance should be going to a liability account for Parks to use when they are ready to dredge the
ponds. Instead, this has been going to revenue. In order to correct this, staff needs to expense the amounts in
Stormwater and put the funds into a liability account in Stormwater. Total appropriation is $112 thousand.
WATER:
This amendment appropriates an additional $4.5 million as part of the Ground water Reservation Agreement. The
adopted budget included reservations for 39,000 AF, and this amendment includes the fees for 70,000 AF as allowed
in the reservation agreement. A 32.5% increase to water rates and an 11.5% increase to wastewater rates are going
into effect on April 1. An additional $1.4 million in revenue is recognized in Wastewater Charges and $4.5 million in
Water Charges revenue to account for the increased rates. There is also a corresponding increase to PILOT of $414
thousand and in increase to Franchise Fees of $178 thousand.
In Wastewater Operations, $611 thousand is proposed for developer reimbursement for Parmer Ranch. The
agreement states that the City will reimburse the developer based on the number of LUE's.
Water Administration needs appropriation for building modifications at the West Side Service Center. Funding for
this request was approved as part of the FY2023 budget (one-time funding) but was not used in FY2023. This
amendment is to re -appropriate $120 thousand in one-time funding so the building modifications can be completed.
FY2024
Amended
Current Budget MYBA Budget
Beeinninz Fund Balance 36,820,256 (618,6621 36,201,594
40001:PropertyTaxes
21,820,000
21,820,000
40002:Sales Taxes
29,191,511
29,191,511
40005:FranchiseTaxes
8,140,011
177,536
8,317,547
40008:Other Taxes
670,000
670,000
41001:Fines
411,300
411,300
41002:Penalties
-
42001:lnterest Income
1,250,000
200,000
1,450,000
43001:Fees
9,842,066
9,842,066
43002:Garbage Charges
-
-
43003:Permits
4,624,000
4,624,000
43004:Administrative Charges
1,921,277
1,921,277
43005:Rental Revenue
83,192
83,192
44001:Grant Revenue
7,000
7,000
44502:Developer Contributions
-
44503:lnterlocal Agreement Revenue
6,286,773
6,286,773
44504:Donations
279
-
279
44505:Sponsorship
10,000
10,000
45001:Misc Revenue
206,333
200,000
406,333
45002:lnsurance Proceeds
45003:Misc Reimbursements
45004:Sale of Property
70001:Transfers In
1,036,311
-
1,036,311
70002. Payment in Lieu of Taxes
12,250,000
414,250
12,664,250
Revenue Total
97,750,053
991,786
98,741,839
CC0001 Non -Departmental
90,000
209,716
299,716
CC0107 Planning
3,231,654
3,231,654
CCO202 Parks Administration
1,733,417
1,733,417
CCO210 Library
3,671,344
3,671,344
CCO211 Parks
3,204,206
3,204,206
CCO212 Recreation
4,585,489
4,585,489
CCO213 Tennis Center
552,352
552,352
CCO215 Garey Park
1,294,971
1,294,971
CCO218 Downtown, Arts, & Events
695,956
695,956
CC0311311 Call Center
760,588
760,588
CC0316 Municipal Court
578,769
578,769
CC0402 Fire Support Services/Administration
6,109,724
6,109,724
CC0422 Fire Emergency Services
20,576,531
700,000
21,276,531
CC0448 EMS
4,025,629
4,025,629
CC0533 Environmental Services
-
-
CC0536Inspection Services
2,393,025
2,393,025
CC0602 Administrative Services
3,044,045
3,044,045
CC0605 Emergency Management
501,133
501,133
CC0634 City Council Services
240,992
240,992
CC0635 City Secretary Services
1,673,120
7,724
1,680,844
CC0638 General Government Contracts
10,276,724
150,000
10,426,724
CC0654 Legal
-
-
CC0655 Communications/Public Engagement
1,548,381
1,548,381
CC0702 Police Administration
2,693,277
2,693,277
CC0742 Police Operations
21,328,579
1,040,675
22,369,254
CC0744 Animal Services
1,201,163
-
1,201,163
CC0745 Code Compliance
772,808
772,808
CC0802 Public Works
840,805
-
840,805
CC0846 Streets
5,144,228
5,144,228
CC0847 Tiansportarion Planning
1,259,968
1,259,968
Expense Total
104,028,877
2,108,115
106,136,992
Ending Fund Balance
30,541.432
(1,734,991)
28,806,441
MDF Reserve
2,400,000
2,400,000
Benefit Payout Reserve
340,000
340,000
Contingency Reserve
18,907,785
397,708 19,305,493
Economic Stability Reserve
6,134,528
129.034 6.263,562
Reserves Total 27,782,313 526,742 28,309,055
Available Fund Balance 2,759,119 (2,261,733) 497,387
Capital Project
FY2024
Current Budget
MYBA
Amended Budget
Beginning Fund Balance
133,704,288
9,536,245
143,240,533
42001:lnterest Income
3,783,750
1,141,400
4,925,150
43001:Fees
45,246
73,700
118,946
45003:Misc Reimbursements
787,814
10,520
798,334
46001:Bond Proceeds
86,133,600
6,646,400
92,780,000
70001:Transfers In
2,660,158
-
2,660,158
Revenue Total
93,410,568
7,872,020
101,282,588
CC0001 Non -Departmental
CCO211 Parks
CC0302 Finance Administration
CC0319 Facilities
CC0402 Fire Support Services/Administration
CCO526 Systems Engineering
CC0602 Administrative Services
CC0802 Public Works
CC0847 Transportation Planning
Expense Total
6,573,786
12,516,340
85,929
45,016,221
329,066
135,643,773
6,102,481
15,374,038
30,246
221,671,879
3,621,000
10,520
(9,046,600)
11,287,100
3,000,000
8,872,020
10,194,786
12,526,860
85,929
35,969,621
329,066
146,930,873
6,102,481
18,374,038
30,246
230,543,899
Ending Fund Balance 1 5,442,977 8,536,245 13,979,222
Interest Reserve
Reserves Total
3,783,750 - 3,783,750
3,783,750 - 3,783,750
Available Fund Balance 1 1,659,227 8,536,245 10,195,472
FY2024
Current Budget MYBA Budget
Beginning Fund Balance 940,637 97,223 1,037,860
42001:Interest Income I 15,000 - 15,000
43001:Fees 75,000 - 75,000
Revenue Total 90,000 90,000
CCO534 Conservation
70,195
50,000
120,195
Expense Total
70,195
50,000
120,195
Ending Fund Balance
960,442
47,223
1,007,665
Contingency Reserve
Reserves Total
Available Fund Balance 1 960,442 47,223 1,007,665
American Rescue Plan
Beginning Fund Balance
42001:lnterest Income
44001:Grant Revenue
Revenue Total
Current Amended
Budget MYBA Budget
402,090 - 402,090
- 62,032 62,032
8,038,235 - 8,038,235
8,038,235 62,032 8,100,267
CC0319 Facilities
8,383,610
62,032 8,445,642
Expense Total
8,383,610
62,032 8,445,642
Ending Fund Balance
56,715
- 56,715
iReserves
Reserves Total
-
- -
Available Fund Balance
56,715
- 56,715
Facilities Maintenance Fund
M M
Current
Amended
Budget
MYBA Budget
Beginning Fund Balance
4,817,363
(6,582) 4,810,781
42001:lnterest Income
80,000
80,000
43004:Administrative Charges
5,926,181
5,926,181
Revenue Total
6,006,181
6,006,181
CC0319 Facilities
6,535,535
41,022
6,576,557
Expense Total
6,535,535
41,022
6,576,557
Ending Fund Balance
4,288,009
(47,604)
4,240,405
Contingency Reserve
339,960
339,960
Capital Reserve
3,513,802
3,513,802
Reserves Total
3,853,762
- 3,853,762
Available Fund Balance
434,247
(47,604) 386,643
Fleet Services Fund
inning Fund Balance
42001:lnterest Income
43004:Administrative Charges
45002:lnsurance Proceeds
70001:Transfers In
Revenue Total
CC0001 Non -Departmental
CC0320 Fleet
Expense Total
Current
Budget
16,305,336
FY2024
Amended
MYBA Budget
176,914 16,482,250
65,000
- 65,000
5,429,460
24,500 5,453,960
50,000
- 50,000
6,240,314
1,052,000 7,292,314
11,784,774
1,076,500 12,861,274
1,160,158
19,774,426
- 1,160,158
1,165,435 20,939,861
20,934,584
1,165,435 22,100,019
Ending Fund Balance 1 7,155,526 87,979 7,243,505
Contingency
710,951
710,951
Fire Vehicle Reserve
493,000
493,000
Capital Reserve
5,951,575
5,951,575
Reserves Total
7,155,526
- 7,155,526
Available Fund Balance 1 (0) 87,979 87,979
Joint Services
FY2024
Current
Amended
Budget
MYBA Budget
Beginning Fund Balance
8,583,324
(790,693) 7,792,631
Revenue
41002:Penalties
50,000
50,000
42001:lnterest Income
110,000
110,000
43001:Fees
315,000
315,000
43004:Administrative Charges
26,817,094
26,817,094
45002:Insurance Proceeds
110,000
110,000
45003:Misc Reimbursements
100,000
- 100,000
Revenue Total
27,502,094
- 27,502,094
CC0001 Non -Departmental
1,550,000
1,550,000
CC0302 Finance Administration
1,860,694
1,860,694
CC0315 Accounting
1,956,759
1,956,759
CC0317 Purchasing
762,841
762,841
CC0318 Warehouse Services
328,327
328,327
CC0321 Utility Customer Service
3,454,040
3,454,040
CC0322 Utility Customer Billing
4,583,845
4,583,845
CC0324 Customer Admin & Data Analytics
2,469,499
2,469,499
CC0503 Organizational and Operational Excellence
975,152
- 975,152
CC0526 Systems Engineering
4,697,945
200,000 4,897,945
CC0637 Economic Development
614,324
- 614,324
CC0639 Human Resources
1,731,216
1,731,216
CC0640 Citywide Human Resources
2,133,712
- 2,133,712
CC0654 Legal
1,546,115
13,837 1,559,952
CC0658 Real Estate Services
475,286
- 475,286
Expense Total
29,139,756
213,837 29,353,593
Ending Fund Balance 6,945,662 (1,004,530) 5,941,132
Contingency
Reserves Total
Reserve
5,420,257 3,412 5,423,669
5,420,257 3,412 5,423,669
Available Fund Balance 1,525,405 (1,007,942) 517,464
Information Technology Fund 1
innine Fund Balance
42001:lnterest Income
43004:Administrative Charges
70001:Transfers In
Revenue Total
FY2024
Current Amended
Budget MYBA Budget
6,956,830 - 6,956,830
125,000
125,000
14,059,364
- 14,059,364
179,200
35,000 214,200
14,363,564
35,000 14,398,564
CC0001 Non -Departmental
112,840
- 112,840
CC0648 IT Fiber
811,161
- 811,161
CC0649 IT Applications
1,773,959
- 1,773,959
CC0650 IT Public Safety
547,652
- 547,652
CC0651 IT Infrastructure
3,637,377
- 3,637,377
CC0652 IT Management
8,360,854
76,605 8,437,459
Expense Total
15,243,844
76,605 15,320,449
Ending Fund Balance
6,076,550
(41,605) 6,034,945
Contingency Reserve
2,869,455
2,869:455 I
Capital Reserve
I 2,158,423
2,158423
Reserves Total
5,027,878
- 5,027,878
Available Fund Balance
1,048,672
(41,605) 1,007,067
FY2024
Current Amended
Budget MYBA Budget
Beginning Fund Balance 3,053,637 (36,060) 3,017,577
40001:Property Taxes
60,000
60,000
42001:lnterest Income
100,000
100,000
43005:Rental Revenue
275,000
275,000
43606:Airport Charges
5,454,400
5,454,400
Operating Revenue Total
5,889,400
5,889,400
CC0001 Non -Departmental
-
3,500 3,500
CC0636 Airport
5,952,90,342
I 88
4 5,993,330
Operating Expense Total
5,952,988
43,842 5,996,830
Non -Operating
45001:Misc Revenue
2,000
- 2,000
46001:13ond Proceeds
350,000
- 350,000
Non -Operating Revenue Total
352,000
- 352,000
CC0001 Non -Departmental I 212,249 = 212,249
CC0636 Airport 1,754,353 1,754,353
Non -Operating Expense Total 1,966,602 - 1,966,602
Ending Fund Balance 1,375,447 (79,902) 1,2 ,:S45
Contingency Reserve
281,878
9,947 291,825
Debt Service Reserve
212,094
212,094
Reserves Total
493,972
9,947 503,919
Available Fund Balance
881,475
(89,849) 791,626
FY2024
Current
Amended
Budget
MYBA
Budget
Beginning Fund Balance
63,757,591
(140,641)
63,616,950
Operating
40002:Sales Taxes
6,000
-
6,000
41002:Penalties
661,500
-
661,500
42001:lnterest Income
480,000
-
480,000
43001:Fees
4,690,847
-
4,690,847
43004:Administrative Charges
3,795,166
-
3,795,166
43601:Electric Charges
101,564,995
101,564,995
44502:Developer Contributions
7,252,500
7,252,500
70001:Transfers In
-
181,716
181,716
Operating Revenue Total
118,451,008
181,716
118,632,724
Operating
CC0001 Non -Departmental
7,129,900
563,500
7,693,400
CC0521 Operational Technology
2,707,774
2,000
2,709,774
CC0522 Electric Administration
11,182,408
-
11,182,408
CC0523 Electric Safety and Employee Development
387,883
-
387,883
CC0525 T&D Services
2,897,481
66,311
2,963,792
CC0537 Electric Resource Management
71,455,231
-
71,455,231
CC0555 Electric Systems Operations
2,381,653
2,381,653
CC0557 Electrical Engineering
965,493
-
965,493
Operating Expense Total
99,107,823
631,811
99,739,634
Non -Operating
45001:Misc Revenue
40,000
-
40,000
46001:13ond Proceeds
19,367,475
3,606,120
22,973,595
Non -Operating Revenue Total
19,407,475
3,606,120
23,013,595
Non -Operating
CC0001 Non -Departmental
12,516,729
3,821,914
16,338,643
CC0537 Electric Resource Management
237,448
-
237,448
CC0557 Electrical Engineering
42,184,542
3,046,120
45,230,662
Non -Operating Expense Total
54,938,719
6,868,034
61,806,753
Ending Fund Balance
47,569,532
(3,852,650)
43,716,882
Operating Contingency Reserve
5,468,254
16,844
5,485,098
Rate Stabilization Reserve
27,275,114
27,275,114
Non -Operating Reserve
7,991,512
7,991,512
Transformer Reserve
3,866,936
(3,821,914)
45,022
Reserves Total
44,601,816
(3,805,070)
40,796,746
Available Fund Balance 1 2,967,716 (47,580) 2,920,136