Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Budget committee approves hedging 75% of natural gas use Dec'Oct to limit utility budget risk
Summary
The committee voted to lock in 75% of the district's natural gas purchases from December through the following October to provide budget certainty; staff said hedging reduces upside risk but forgoes downside market gains.
Waunakee Community School District budget committee members voted on Nov. 7 to lock in (hedge) 75% of the district's natural gas purchases for a December-through-October period to protect the utilities budget from price spikes.
Administrators said the district has historically purchased natural gas through a third-party supplier and sometimes hedged a portion of consumption to reduce budget volatility. Hedging lets the district fix a price on a portion of its expected usage, limiting exposure to sharp winter-price increases at the cost of not…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
