PUBLIC UTILITIES ADVISORY BOARD AGENDA ITEM
ACTION REQUESTED:
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Receive the Financial Activity Summary through February 2026
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DEPARTMENT: Electric Utility
SUBMITTED BY: Finance Department
BOARD/COMMISSION REVIEW:
N/A
BACKGROUND:
The 2026 Fiscal Year began on January 1, 2026. As part of the City's ongoing efforts to maintain fiscal responsibility, monthly budget reports are produced. This report tracks year-to-date revenues and expenditures for all Funds, including the Electric Utility Fund and the Renewable Energy Fund. This report analyzes year-to-date activity within the Electric Utility and Renewable Energy Funds through February of 2026.
DISCUSSION:
Electric Utility Fund Revenues
2026 Electric Fund revenues are budgeted at $177.84M; this amount includes $162.27M in Electric Charges, and $10M in new debt to support the Utility's continued efforts around capital upgrades. Through February revenues collected total $27.96M which represents 15.7% of the budget, and 92.4% of the projected revenues through February.
Electric Charges through February total $27.35M which represents an increase of 4.3% from this point in 2024. Increasing energy costs in 2026 have led to strong PPA revenue growth through February. PPA revenues total $1.82M through February which is an increase of 31.4% from this point in 2025, or roughly $435K.
Installation Fees are down significantly compared to this point in 2025. Through February, Installation Fees total $355,955, which represents 8.9% of the budget and a decrease of 81.3% from 2025. The year-over-year decrease is a largely a result of the way Pulte has submitted payment for the buildout of Polo Club. In 2025, a payment exceeding $1M was received in January related to the development of Polo Club which significantly drove Installation Fees up at the start of 2025.
Revenues related to the sale of property have been strong through February, totaling just under $71,000. This is being driven by the sale of an ol...
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