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Title:
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RIVERSIDE PUBLIC UTILITIES PROPOSED BUDGET FOR FISCAL YEARS 2018/19 AND 2019/20
That the Board of Public Utilities recommend that City Council:
1. Approve the Electric Funds (including Public Benefits Fund) proposed FY 2018/19 budget totaling $385.1 million in revenues, $396.6 million in operating expenditures and $32.7 million in capital improvements and proposed FY 2019/20 budget totaling $399.8 million in revenues, $416.8 million in operating expenditures and $34.7 million in capital improvements. The difference between revenues and expenditures including capital improvements will be covered by bond proceeds and reserves;
2. Authorize the use of the Designated Electric Fund Capital Repair/Replacement Reserve for technology replacements in the amount of $200,000 per year for FY 2018/19 and FY 2019/20;
3. Authorize the use of the Designated Electric Fund Dark Fiber Reserve for dark fiber leasing operating expenses in the amount of $600,000 per year for FY 2018/19 and ...
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