Title
Approval of Budget Revision No. 2027-01A for DPU Budget Carryovers from FY2026 to FY2027
Recommended Action
I move that the Board of Public Utilities recommend Budget Revision 2027-01A as summarized on attachment A and forward to Council with a recommendation for approval. I further move that attachment A be made a part of the minutes of this meeting.
Utilities Manager Recommendation
The Utilities Manager recommends the Board of Public Utilities approve the motion as presented.
Body
The Department of Public Utilities is requesting approval of Budget Revision 2027-01A for carryover of budget authority for projects that were budgeted in FY2026 but were not completed. It is intended that these projects will be completed in FY2027.
Requirements for carryover budget authority are as follows:
- The projects were budgeted in FY2026 but were not completed.
- We did not have a valid encumbrance as of June 30, 2026 already.
- We have FY2026 Budget left to cover the amount we are proposing to carry over.
- We did NOT re-budget the project or funds in FY2027.
All of these requirements have been met for each of the joint utility funds listed. We are seeking Board recommendation to carry these funds over in anticipation of completing these projects in FY2027. Upon Board recommendation, the $14,507,148 expenditure and $3,619,826 revenue budget carryover will be presented to Council for approval.
Alternatives
If these funds are not carried over the associated projects would have to be postponed, other projects delayed, or the budgeted projects in FY2027 could be cancelled.
Fiscal and Staff Impact
The net fiscal impact to the Joint Utilities Fund in FY2027 is an increase in expenditures of $14,507,148, an increase in revenues of $3,619,826, and a decrease in Fund Balance of $10,887,322.
Attachments
A - Budget Revision 2027-01A DPU Carryovers