City of Gainesville - File #: 180171.

• File #: 180171.
• Version: 1
• Type: Staff Recommendation
• Status: To Be Introduced
• File created: 7/5/2018
• In control: General Manager for Utilities
• On agenda: 7/12/2018
• Title: GRU’s Fiscal Year 2019 Proposed Budget (B)

Date	Ver.	Action By	Action	Result
7/12/2018	1	Utility Advisory Board

Title

GRU’s Fiscal Year 2019 Proposed Budget (B)

Explanation

In a series of meetings with the City Commission and Utility Advisory Board from April through early July staff has delivered presentations on various components of GRU’s FY19 Proposed Budget, including:

•                     Customer, Sales and Revenue forecasts

•                     Debt service, liquidity and financial reserves

•                     Fuel forecasts

•                     Proposed O&M and capital budgets, and

•                     Proposed  rate tiers

In this final session, staff will be presenting projected FY19 rate compares based on the General Manager’s proposed FY19 budget and the electric rate tiering structure selected by the City Commission.

Fiscal Note

None

Recommendation:

The Utility Advisory Board recommend that the City Commission direct the City Attorney to draft and the Clerk of the Commission to advertise an ordinance to adopt the recommended rates, fees and charges for the Electric, Water, Wastewater and Gas systems.