Title
FY2025 Budget Presentation
Recommended Action
None - discussion item only. The budget will be presented in March for approval.
Body
Attached is the proposed budget for FY2025 and projections for FY2026. For comparison purposes, the reports also include FY2022 and FY2023 actuals, FY2024 adopted budget and projected actuals.
The purpose of the discussion this month is to provide a detailed overview of the budget, proposed and projected budgeted rate increases, the ten-year capital plan and a five-year plan of capital projects to be funded as a budget option with revenue transfer funds. DPU staff will be requesting board input at this presentation and changes will be incorporated in the final budget presentation and approval for March regular meeting.
All attachments are preliminary drafts of the budget. Some inputs are still being finalized and some amounts will change between now and the final presentation to the Board for approval in March. All changes will be noted when the Board considers the final budget for adoption in March. Due to a server issue, some files were lost on 2-15-2024. Staff is rebuilding this information and will need to hand out the Ten Year Revenues, Expenses and Cash Balance Graphs FY2025 through FY2034 worksheets during the meeting.
Fiscal and Staff Impact
See above
Attachments
A - FY2025 Fund Flows
B - Ten Year Forecast FY2025 through FY2034
C - Ten Year Revenues, Expenses, and Cash Balance Graphs FY2025 through FY2034 (to be handed out at meeting)
D - Ten Year Capital Plan
E - Schedule of Funds FY2025 through FY2034 (to be handed out at meeting)
F - Five Year Profit Transfer - Budget Options
G- Credit and Debt Analysis FY2025 through FY2034
H - Financial Guidelines Approved by BPU 8-17-16