Title
Review of 10-year Budget Plan and Reserve Policies
Body
Presentation of alternatives to the current Financial Guidelines that were approved by the Board of Public Utilities on August 16, 2016.
The following changes will be presented as alternatives to the current guidelines.
* Operating Reserve from 180 days to 90 days
* Capital Expenditure Reserve to 180 days based on a 10-year average
* Rate Stabilization Reserve to 20% of revenue
Attachments
A - Cash Reserve Guideline Presentation
B - Financial Guidelines