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City staff says electric revenues have stabilized; cash recovery remains slow
Summary
Management Services Director Christie Donnelly presented a preliminary Sept. 30 check‑in on the electric utility fund showing revenues roughly covering operating expenses after recent rate increases, but combined operating cash remained below target and staff expects gradual recovery tied to a power‑cost‑adjustment to be set for November.
Christie Donnelly, the city’s management services director, briefed the council on Oct. 7 with a high‑level check‑in of the electric utility fund through Sept. 30. Donnelly said the presentation used preliminary, unaudited numbers and stressed that the most recent July 1 rate changes would not fully appear in the books until bills generated later in the year.
"Our revenues have stabilized but there is no observable increase as of yet," Donnelly said, adding that the first of the recent rate changes began to show in July 2023 and a second round became effective July 1, 2025.
Donnelly showed that operating revenues generally now exceed operating expenses — the utility can cover recurring costs — but combined operating cash balances remain below the adopted reserve target. The…
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