PUBLIC UTILITIES ADVISORY BOARD AGENDA ITEM
ACTION REQUESTED:
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Receive the Financial Activity Summary through July 2026
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DEPARTMENT: Finance Department
SUBMITTED BY: Traci Marrocco, Deputy Director of Finance
BOARD/COMMISSION REVIEW:
N/A
BACKGROUND:
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 Water Utilities and Phosphorus Funds. This report analyzes year-to-date activity within the Water Utilities and Phosphorus Funds through July 2026.
DISCUSSION:
Revenues
Revenue through June across both funds totaled $54.43 million. This is a 21.2% decrease over the same period in 2025, and 0.7% lower than the current year projection of $54.82 million. The large variance year-over-year (YOY) is due to an additional $20 million in bond sale proceeds at this time in 2025. Below is a summary of major revenues and their performance against the current year-to-date projection and the same period last year.
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Variance in Water and Wastewater Charges are in part a reflection of fluctuations in consumption, influenced by various real world factors, versus what’s projected within the rate study.
Revenues Trending Higher Compared to Budget
Usage Charge is 9.3% above projections, and increased YOY by 22.9%, or $3.80 million.
Revenues Trending Lower Compared to Budget
Capital Charge is 6.3% below projections, but increased YOY by 11.7%, or $0.07 million.
Customer Charge is 1.6% below projections, but increased YOY by 11.6%, or $0.65 million.
Retail Rate is 7.4% below projections, but increased YOY by 6.4%, or $0.58 million.
Wholesale Charge is 9.7% below projections, and decreased YOY by 2.1%, or $0.31 million.
Phosphorus is 5.1% below projections, but increased YOY by 9.3%, or $0.10 million.
Expenses
Expenditures across both funds total $59.81 million. Total expenditures are 20.1% below current projections and 24...
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