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File #:
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20-1208
Version:
1
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Type:
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Report
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Status:
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Agenda Ready
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On agenda:
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10/15/2020
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Final action:
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Title:
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Receive Electric Utilities Preliminary 2020 Financial Summary
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PUBLIC UTILITIES ADVISORY BOARD AGENDA ITEM
ACTION REQUESTED:
title
Receive Electric Utilities Preliminary 2020 Financial Summary
body
DEPARTMENT: Electric Utility
SUBMITTED BY: Maher Diab
The month of September represents 75% of the elapsed budget year. Detailed report attached.
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Item |
2020 Budget |
2020 YTD |
% of Budget |
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Revenues |
$160,383,157 |
$116,972,487 |
72.93% |
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Expenditures |
$160,701,347 |
$111,026,292 |
69.09% |
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Surplus/(Deficit) |
($318,190) |
$5,946,195 |
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Revenue |
2020 Budget |
2020 YTD |
% of Budget |
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Charges for Services |
$153,574,847 |
$114,483,056 |
74.55% |
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Fines, Fees and Surcharges |
$6,032,392 |
$2,263,196 |
37.52% |
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Other Revenue |
($35,228) |
$45,761 |
-129.90% |
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Outside Revenue Sources |
$651,646 |
($4,265) |
-0.65% |
Items of Significance:
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Expenditure |
2020 Budget |
2020 YTD |
% of Budget |
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Personnel Expenditures |
$12,350,921 |
$9,089,167 |
73.59% |
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Purchased Services |
$5,029,585 |
$2,206,768 |
43.88% |
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Purchased Items* |
$120,447,231 |
$89,461,673 |
74.27% |
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Capital Outlay |
$13,747,360 |
$5,767,513 |
41.95% |
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Debt Service |
$3,266,346 |
$427,574 |
13.09% |
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Other** |
$1,051,964 |
$788,994 |
75.00% |
* Includes purchased Electricity from IMEA
** Includes inter-fund transfers and chargebacks
Items of Significance:
None
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