Item 6 Update – Proposed Fiscal Year 2025-26 Budget
To: The Governing Board
From: Brad Koehn, Director of Finance and Administration Item 6: Amended Proposed Fiscal Year 2025-26 Budget
Date: 5/15/2025
The May 15, 2025 Board Agenda packet was posted on May 12, 2025 with Regular Agenda Item 6; however, the following updates have been made to the report attachment:
Power Supply Expenses have been reduced by $1.5 million by removing the allocation for the Feed in Tariff
Financial Security Requirement of $800 thousand has been removed The amended document is being provided at the May 15, 2025 Board meeting and will be uploaded to the Pioneer Community Energy website following the meeting.
The following attachment is for your reference.
ATTACHMENTS
Amended Attachment for Item 6, Amended Proposed Fiscal Year 2025-26 Budget.
Plf)NEER
COMMUNITY ENERGY
Attachment 1
Amended
Plf)NEER
COMMUNITY ENERGY
PIONEER COMMUNITY ENERGY (CCA)
------------------------------------------------
$ in Thousands
Revenues
Total Energy Revenues
Total Revenues
Energy Expenses
Total Energy Expenses
Operating Margin
Energy Sales
GreenlO0 Sales
CRR & Battery Optimization
Less Uncollectable Accounts
Investment gains (losses)
Power Supply
Dec Amended
FY2024-25
Proposed
FY2025-26
$235,801,000 $234,389,000
$200,000 $217,000
$10,000,000 $10,000,000
($3,186,000) ($3,167,181)
$242,815,000 $241,438,819
$2,871,000 $4,150,000
$245,686,000 $245,588,819
$208,976,000 $221,145,000
$208,976,000 $221,145,000
$36,710,000 $24,443,819
Variance
$
($1,412,000)
$17,000
$0
$18,819
($1,376,181)
$1,279,000
($97,181)
$12,169,000
$12,169,000
($12,266,181)
OPERATING EXPENSES Dec Amended Proposed Variance
By Division
By Expense Type
FY2024-25 FY2025-26 $
Administration
.................. compensation $816,385 $1,002,200 $185,815 Consultant Services $318,325 $492,800 $174,475
.................. operating Expenses $941,795 $971,750 $29,955 Administration Total ..................................................................................... $2,076,505 ..... $2,466,750 ....... $390,245 ..
Finance
.................. compensation $1,101,050 $1,190,745 $89,695 Consultant Services $591,000 $641,550 $50,550
.................. Operating Expenses $357,700 $357,675 ($25) Finance Total .................................... ................ .. ......................... ................. $2,049,750 ...... $2,189,970 ........ $140,220··· Power Procurement
.................. compensation $1,027,592 $1,249,593 $222,001 Consultant Services $3,143,537 $3,349,187 $205,650
.................. operating Expenses $291,500 $447,500 $156,000 Power Procurement Total ............................................................................. $4,462,629 ..... $5,046,280 ....... $583,651 ..
Customer Care
.................. Compensation $449,002 $806,672 $357,670 Consultant Services $2,720,000 $2,870,000 $150,000
.................. Operating Expenses. $214,750 $129,050 ($85,700) Customer Care Total ..................................................................................... $3,383,752 ...... $3,805,722 ........ $421,970··· Communications
................. compensation $741,946 $952,599 $210,653 Consultant Services $420,000 $500,000 $80,000
.................. operating Expenses $846,350 $1,002,400 $156,050 Communications Total ................................................................................. $2,008,296 ..... $2,454,999 ....... $446,703 ..
Legislative & Regulatory ..
.................. Compensation $553,670 $942,100 $388,430 Consultant Services $377,807 $337,807 ($40,000)
Operating Expenses $8,300 $30,600 $22,300
Legislative & Regulatory Total .......................................................................... $939,777 ...... $1,310,507 ........ $370,730··· .Programs ..
.................. compensation $293,345
Consultant Services $1,456,341
.................. operating Expenses $1,909,805
Programs Total $3,659,491
Aggregation of all Divisions
Compensation $4,982,990
Consultant Services $9,027,010
Operating Expenses $4,570,200
$461,568
$1,460,000
$2,707,208
$4,628,776
$6,605,477
$9,651,344
$5,646,183
$168,223
$3,659
$797,403
$969,285
$1,622,487
$624,334
$1,075,983
Total Operating Expenses $18,580,200 $21,903,004 $3,322,804 Debt Service
Te rm Loan Debt Services $950,000 $950,000 $0
Addiitonal Term Loan Principal $2,100,000 $700,000 ($1,400,000) Line/Letter of Credit Fees $750,000 $750,000 $0
Financial Security Requirement $800,000 $0 ($800,000)
Debt Service Total $4,600,000 $2,400,000 ($2,200,000)
Total Expenses $232,156,200 $245,448,004 $13,291,804
Contribution to/(from) Net Position $13,529,800 $140,815 ($13,388,985) %
-0.6%
8.5%
0.0%
-0.6%
-0.6%
44.5%
0.0%
5.8%
5.8%
-33.4%
%
22.8%
54.8%
3.2%
18.8%
8.1%
8.6%
0.0%
6.8%
21.6%
6.5%
53.5%
13.1%
79.7%
5.5%
-39.9%
12.5%
28.4%
19.0%
18.4%
22.2%
70.2%
-10.6%
268.7%
39.4%
57.3%
0.3%
41.8%
26.5%
32.6%
6.9%
23.5%
17.9%
0.0%
-66.7%
0.0%
-100.0%
-47.8%
5.7%
-99.0%