Ord 1987-140 - Laserfiche WebLink

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Schedule SUMMARY presents an overall view of the proposed SMEU Budget as compared to the current budget year. There are several important notes to this schedule: * Revenues (Line 1) are projected to increase an average of $102,923 per month during the proposed budget year. These revenues are based upon electric sales of approximately 297,000,000 kWh which is virtually the same as used in the current 1udget year. The monthly increase of $134,475 is due to the operation of the Power Cost Adjustment Clause, which will recover the anticipated LCRA wholesale rate increase expected to be imposed in October. However, pending Board action concerning an overall rate increase for SMEU customers, the projected revenues may increase. * Use of Fund Balance (Line 2) is proj ected to be $524,000 based upon current SMEU rates and operation of the Power Cost Adjustment Clause to recover the increase in purchased power costs. An overall rate increase would reduce this requirement, depending on Board action. * No funds will be provided by bond proceeds during the next budget year. The Total Operating Agent 0 & M (Line 14) will be reduced by an average $5,032) per month, as further discussed by Roddy Bagley's Budget Overview. * * Purchased Power (Line 15) is projected to increase an average of $105,589 per month reflecting the anticipated LCRA wholesale rate increase expected in October. * city Administrative and General (Line 19) is projected to increase an average of $6,199 per month to reflect more accurate cost allocations of City labor to SMEU. * Annual Debt Service is proj ected to increase to $1,235,866 to include principal and interest accruals for debt service payments during the budget period.