The Tulsa Authority for the Recovery of Energy convened on April 29, 2025, to review financial performance and discuss future projections. The meeting began with a report detailing the authority's revenues and expenses through March 30, 2025.

The financial report indicated that total revenues reached $30.1 million, representing 80.4% of the budgeted amount for the year. This figure exceeds the initial estimate of 74.5%, resulting in a positive variance of $2.1 million. However, charges for services fell short, totaling $29.5 million, which is $1.7 million below projections.

On the expense side, total expenditures amounted to $37.3 million, with $11.8 million categorized as encumbrances and $25.5 million as actual expenses. This total reflects 83.45% of the estimated expenses for the year, slightly above the anticipated 77.2%. Despite this, officials expressed confidence in the financial outlook, noting that there is no immediate need to exceed appropriations for the fiscal year 2025 budget.

Discussion among board members highlighted the potential for recalibrating the rate model based on the higher-than-expected revenue collections. One member suggested that if the actual revenue base is over 4% higher than projected, it may eliminate the need for a rate increase in the upcoming years. The board acknowledged that upcoming bids would significantly influence financial planning and decisions.

In conclusion, the meeting underscored a positive financial trajectory for the Tulsa Authority for the Recovery of Energy, with discussions focused on optimizing revenue projections and managing expenses effectively. The board plans to reassess financial strategies as new bids are received later in the year.