California Choice Energy Authority
Fiscal Year 2022/23 Adopted & Fiscal Year 2023/24 Proposed Budget FY 2022/23
Adopted Budget
FY 2022/23
Estimates as of
4/30/23
FY 2023/24
Proposed Budget
CHANGE IN NET POSITION 107,279$ 1,032,397$ (226,837)$
STATEMENT OF NET POSITION
Results of Operations: 107,279$ 1,032,397$ (226,837)$ Beginning Net Position 125,709$ 511,776$ 1,544,173$ NET POSITION, END OF FISCAL YEAR 232,988$ 1,544,173$ 1,317,336$
STATEMENT OF FUND BALANCE
Designated Reserves
Financial Stability Reserve 200,000$ 300,000$ 1,000,000$ Total Designated Reserves 200,000$ 300,000$ 1,000,000$ Undesignated Reserves 32,988$ 1,238,661$ 311,824$ TOTAL RESERVES 232,988$ 1,538,661$ 1,311,824$ Energy Transactions pass Throughs:
Energy Revenues
Apple Valley - Energy Revenue 3,940,694$ 2,794,762$ 2,794,762$ Lancaster - Energy Revenue 7,504,197$ 13,873,062$ 13,873,062$ Palmdale - Energy Revenue 3,000,000$ 2,215,713$ 3,000,000$ Pico Rivera - Energy Revenue 2,768,179$ 1,738,975$ 1,738,975$ Pomona - Energy Revenue 2,187,873$ 2,917,164$ 2,107,984$ Rancho Mirage - Energy Revenue 4,937,612$ 4,061,269$ 4,061,269$ San Jacinto - Energy Revenue 2,854,697$ 2,010,085$ 2,010,085$ Santa Barbara - Energy Revenue 1,438,000$ 1,721,754$ 2,582,631$ Total Energy Revenues 28,631,251$ 31,332,785$ 32,168,768$ Energy Expenditures
Apple Valley - Energy Expense 3,940,694$ 2,794,762$ 2,794,762$ Lancaster - Energy Expense 7,504,197$ 13,873,062$ 13,873,062$ Palmdale - Energy Expense 3,000,000$ 2,215,713$ 3,000,000$ Pico Rivera - Energy Expense 2,768,179$ 1,738,975$ 1,738,975$ Pomona - Energy Expense 2,187,873$ 2,917,164$ 2,107,984$ Rancho Mirage - Energy Expense 4,937,612$ 4,061,269$ 4,061,269$ San Jacinto - Energy Expense 2,854,697$ 2,010,085$ 2,010,085$ Santa Barbara - Energy Expense 1,438,000$ 1,721,754$ 2,582,631$ Total Energy Expenditures 28,631,251$ 31,332,785$ 32,168,768$ Net Results of Energy Transactions -$ -$ -$