Budget Surplus &
Reserve Allocation
from 2022-23 FY
Finance, Administrative, &
Procurement Subcommittee
November 8, 2023
Background & Discussion
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Budget Performance Comparison
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Budget Surplus & Reserve Allocation
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Reserve Fund Discussion
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Annual Contributions
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Fiscal Year Contribution Withdraws Balance OpEx to Cover PctOps 2018-2019 40,513,687 - 40,513,687 410,686,000 9.9%
2019-2020 49,704,640 - 90,218,327 383,045,000 23.6%
2020-2021 - - 90,218,327 471,897,000 19.1%
2021-2022 65,655,073 - 155,873,400 562,667,000 27.7%
2022-2023 75,000,000 - 230,873,400 732,885,000 31.5%
2023-2024* 100,000,000 - 330,873,400 912,066,000 36.3%
*Approved contribution with projected operating expenses to cover as of 10/1/2023 Thank you!
Item 6. Budget Surplus and Reserve Fund Contribution (Informational Item)
Ava Community Energy Financial, Administrative and Procurement Subcommittee
November 8, 2023
- Document
- Item 6. Budget Surplus and Reserve Fund Contribution (Informational Item)
- Meeting
- November 8, 2023
- Body
- Ava Community Energy Financial, Administrative and Procurement Subcommittee
- Original file
- 836 KB
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