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Utility staff outlines $80.6 million FY 2026 proposed utility budget, including $5.5 million for capital reserves
Summary
Finance presenter Ashley Escobar briefed the board on the FY 2026 proposed municipal utility budget: $80,600,000 revenue, $76,300,000 expenses, $4,300,000 net operating result, $5,500,000 contributions to capital/reserves and increased debt transfers reflecting an $80 million bond allocation between water and wastewater.
Ashley Escobar presented the proposed FY 2026 municipal utility budget to the board, summarizing major revenue and expense lines and key reserve targets.
Escobar said the fund‑wide FY 2026 budget includes $80,600,000 in revenues and $76,300,000 in expenses, producing a $4,300,000 net operating result. She said the budget includes scheduled contributions to capital and reserves totaling $5,500,000, with working capital projected at $19,300,000 (about 150 working days) and a 90‑day reserve of $11,500,000.
Escobar reviewed utility‑specific projections: electric operating expenses projected at $49,600,000 (including projected power cost of $29,100,000), water expenses projected at $17,000,000, and wastewater expenses projected at $9,700,000. She said the increase in debt transfers reflects allocation of an $80 million bond debt payment across water and wastewater funds.
Escobar noted FY 2026 is year two of a phased water and wastewater rate increase intended to sustain long‑term infrastructure and operational stability and invited board members to contact her or Don Brooks, assistant city manager/CFO, with follow‑up questions.
