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BCRUA_R-20-08-26-5B RESOLUTION NO. R-20-08-26-513 WHEREAS, the Board of Directors of the Brushy Creek Regional Utility Authority ("BCRUA") wishes to adopt the BCRUA Annual Operating Budget for Fiscal Year 2020-2021, in accordance with the attached proposal,Now Therefore BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BRUSHY CREEK REGIONAL UTILITY AUTHORITY: That the BCRUA Annual Operating Budget for Fiscal Year 2020-2021 be adopted, subject to the approval of the Participating Cities, as set forth in Exhibit "A" attached hereto and incorporated herein for all purposes. The Board of Directors hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 26th day of August, 2020. REN . FLORES, Presi nt Brushy Creek Regional Utj ity Authority ATTEST: ANNE DUFFY, S etary C'.Users�madamslAppData%LocalVMicrowfl.WmdowsUNetCnchelComemOutlook,99B2WVD71Res BCRUA-Annual Operating Budget FY 2020-2021(0045320NAOM)doc 16 M, 99 E 1� f Proposed BCRUA Budget FY 2021 Cedar Park Leander Round Rock FY21 Operating Budget 3,161,615 368,845 2,412,887 379,884 FY21 Debt Service Budget 12,637,587 1 2,279,150 1 6,122,831 1 4,235,606 Total Operating and Debt Service Budget 15,799,201 1 2,647,995 1 8,535,718 1 4,615,490 DATE: August 21, 2020 SUBJECT: BCRUA Board Meeting—August 26, 2020 ITEM: 5B. Considera resolution approving the BCRUA Annual Ope rating Budget for Fiscal Year 2020-2021, subject to the approval of the Participating Cities. PRESENTER: Karen Bondy,General Manager BACKGROUND/JUSTIFICATION: The proposed FY 2021 BCRUA Annual Operating Budget,including Capital Outlay,is increasing by $504,107, which is a 20% increase. The total budget,including Operations,Capital Outlay, Reserve Adjustment and Debt Service contains a 4.3% increase,from$15,144,864 to$15,799,201. Budget changes are summarized as follows: Budget Category FY 2020 FY2021 Change Operations $ 2,493,484 $ 2,947,590 $454,106 Capital Outlay $ 38,000 $ 88,000 $ 50,000 Reserve Adjustment $ 32,503 $ 126,025 $ 93,522 Debt Service $12,580,877 $ 12,637,587 $ 56,710 TOTAL $15,144,864 $ 15,799,201 $654,338 The increase in Operations is primarily driven by the increase in projected water production from 6.0 million gallons per day(mgd)to 9.5 mgd. The cost of electricity and chemicals associated with this increase in flow comprise 86 percent of the operations cost difference.The$50,000 increase in Capital Outlay is associated with a proposed upgrade to BCRUA'sfinancial management software. BCRUA staff and the Operations Committee(OC)have reviewed this proposed budget and recommend Board approval.