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: Electric Utility
SUBMITTED BY: Finance Department
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 Electric Utility Fund and the Renewable Energy Fund. This report analyzes year-to-date activity within the Electric Utility and Renewable Energy Funds through July 2026.
DISCUSSION:
Revenues
Through July Electric Utility and Renewable Energy Fund revenues total $95.8M of this amount nearly $94M is tied to charges for electricity. Although overall revenue between the two funds is down by 6.5% or roughly $6.6M compared to this point in 2025; revenues are still trending above projection through July accounting for 102.6% of projected revenue through this point in the year. The year over year decline in revenues can largely be attributed to the timing of the new debt issuance, however more detailed information is outlined below.
Electric Utility & Renewable Energy Fund Revenues ($ in millions)
2026 Budget
2026 Actuals
Variance to YTD Projection
Variance to 2025 YTD
Electric Charges
$162.56
$93.68
3.3%
6.1%
Charges for Service
$0.15
$0.05
-49.4%
-40.2%
Fines & Fees
$4.44
$1.59
-31.0%
-57.2%
Interfund Transfers
-
$0.02
N/A
-89.4%
Debt Issuance
$10.00
$0.19
N/A
-98.1%
Other Revenues
$0.98
$0.30
-18.8%
114.9%
Total
$178.13
$95.83
2.6%
-6.5%
Revenue trends through July
Renewable Energy Fund revenues total $173,373 through July, accounting for 60.2% of the total budget, and representing an increase of 1.4% compared to this point in 2025
Electric Charges continue to trend over projection through July, totaling $93.5M, representing a 103.3% of the projected revenue through July. Increa...
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