Title
Presentation of the DPU FY2026 Budget
Recommended Action
None - discussion item only. The budget will be presented in March for approval.
Body
Attached is the proposed budget for FY2026 and projections for FY2027 to FY2035. For comparison purposes, the reports also include FY2023 and FY2024 actuals, FY2025 adopted budget and projected FY2025 actuals.
The purpose of the discussion this month is to provide a detailed overview of the budget, proposed and projected 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. The CFO approved Schedule of Funds will also be presented in March.
Fiscal and Staff Impact
See above
Attachments
A - FY2026 DPU Proposed Budget Packet
B - FY2026 DPU Budget Presentation
C - Financial Guidelines Approved by BPU 8-17-16