Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the District Finance topic
No spam. Unsubscribe anytime.
Board approves expanded natural-gas purchasing to lock in savings, cite prior $15,000 benefit
Summary
Board approved a recommendation from the budget committee to pre-purchase 75% of expected natural-gas usage for a Dec. 25—Oct. 26 term to increase budget certainty and reduce risk; presenter noted prior participation saved approximately $15,000.
The Waunakee Community School District board voted Wednesday to expand its advance natural-gas purchasing program to cover 75% of the district's expected usage over an extended term to provide greater budget certainty and modest additional savings.
Steve (district staff) reviewed the budget committee's recommendation, showing prior rounds of the program had produced savings (he cited roughly $15,000 in savings in the last approved round). The proposal would extend the purchasing window to a Dec. 25—Oct. 26 term, reflecting lower expected usage during summer months and additional savings for the longer locking period.
A motion to direct staff to pursue the December—October purchasing period at 75% of expected usage was moved and seconded, and the board approved the item by voice vote.
What happens next: staff will monitor daily pricing and execute the purchasing plan consistent with the board's direction; the district noted price comparisons were current as of the prior Thursday and that pricing varies daily.
Attribution: presentation and numbers were provided by district staff during the budget-item discussion.
