Title
Approval of Budget Revision 2025-64 for the Purpose of Including the Cost of Water, Cost of Electric and Gas Labor
Recommended Action
I move that the Council approve Budget Revision 2025-64 as presented and include Attachment A as part of minutes of this meeting
Utilities Manager's Recommendation
The Utilities Manager recommends that Council approve the motion as presented.
Board, Commission or Committee Recommendation
The Board of Public Utilities approved this request at their regular meeting on May 21, 2025 and recommends that Council approve Budget Revision 2025-64.
Body
The purpose of this budget revision is to make budget modifications necessary for year-end related to Gas labor and benefits for work performed due to the PRC inspection and response by GWS; to properly distribute the cost of power transfer from Electric Distribution to Electric Production due to increased power production costs; and to properly distribute the cost of water transfer from Water Distribution to Water Production due to increased water production costs. See attachments for details of the revision.
Alternatives
If the budget revision is not approved, the Gas Fund will be over-budget for labor and benefits. The Electric Distribution and Water Distribution Funds will be over-budget for the cost of power and water.
Fiscal and Staff Impact
The net impact on the Joint Utilities Fund is an increase of expenditures and a decrease in fund balance of $120,000 for the increase in Gas labor and benefits. There is no net impact on the Joint Utilities Fund for the interfund transfer portions of the budget revision for Electric and Water.
Attachments
A - Budget Revision 2025-64
B - FY2025 Cost of Power and Cost of Water Budget Projection
C - Credit for Energy Supplied to DPU by Solar Customers