Title
Discretionary Portion of GRU Operating Budget (NB)
Explanation
GRU’s combined FY18 budget, both fuel and non-fuel, totaled $448,028,095. Excluding those portions of that budget over which GRU exercises little discretionary control, when including safety and reliability of plants, such as :
• Fuel
• Debt service
• Labor
• Other plant related costs
• Contribution to the Utility Plant Improvement Fund, and
• the General Fund Transfer
After reducing the total budget by these items, the remaining discretionary portion is $26,729,942 in non-labor O & M or 5.97% of the budget which would be considered discretionary. After the DHR transaction, which reduced the FY18 budget to $407,033,450 (the DHR transaction reduced the fuel budget by $67,011,920 and increased the debt service budget by $26,017,275) the discretionary portion of the budget rises only to 6.57%.
Fiscal Note
None.
Recommendation:
The City Commission and the Utility Advisory Board receive a presentation regarding the discretionary portion of the FY18 budget.