Clean Energy Alliance Board of Directors
February 23, 2023

Regular Board Meeting
February 23, 2023
Item 6: Consider Adoption of CEA
Rates Effective February 1, 2023
02/23/23 2
Item 8: Consider Approval of Fiscal Year
2022/23 Midyear Budget Adjustment
• Recommendation:
• Approve Fiscal Year 2022/23 Midyear Budget Adjustment increasing revenues $16,084,120 and expenditures $14,165,750. 02/23/23 3
Item 8: Consider Approval of FY
2022/23 Midyear Budget Adjustment
02/23/23 4
Adopted FY
22/23
Budget
Proposed
Midyear
Adjustment
Amount % Chg
Proposed Revenue Adjustment $80,791,405 $96,875,525 $16,084,120 20% Proposed Expenditures
Adjustment
$76,745,240 $90,910,990 $14,165,750 18%
Increase to Results of Operations $4,046,165 $5,964,535 $1,918,370 47% Item 8: Consider Approval of FY
2022/23 Midyear Budget Adjustment
02/23/23 5
Updated Energy Sales Revenue Estimate $96,875,525
Adopted Energy Sales Revenue Estimate $80,791,405
Midyear Adjustment $16,084,120
• Adjusts for rate adjustment effective 2/1/23
• Increased revenues related to heat event
• Refinements in energy usage for the current fiscal year Item 8: Consider Approval of FY
2022/23 Midyear Budget Adjustment
02/23/23 6
Power Supply $13,635,980
19% reflect costs through January and
projections through year end
Staffing ($146,460)
Reduced to reflect updated projections of
new staff
Professional Services $20,500 Increase SDG&E fees for expansion Postage $30,000 Increase for expansion noticing
Various Line Items $10,280 Adjust various line items
Debt Service $615,450 Increase due to interest rate increases TOTAL EXPENDITURES ADJUSTMENT $14,165,750
Questions/Discussion
02/23/23 7