17999_Authority_December

!"#$%$&'('")*+,$)$-./+,01 12111 ! ĂŶĚ ǁĂƐƚĞǁĂƚĞƌ ŝŶĚƵƐƚƌŝĞƐ͕ ĞŶĞƌŐLJ ĐŽƐƚƐ ĂƌĞ Ă ƐŝŐŶŝĮĐĂŶƚ ĞdžƉĞŶĚŝƚƵƌĞ͘ It is crucial to look at your current energy rates: • Is the authority under contract ĨŽƌ ĞŶĞƌŐLJ͍ /Ĩ ƐŽ͕ ǁŚĞŶ ĚŽĞƐ that expire? • If it expires in the upcoming ŽŶĞ Žƌ ƚǁŽ LJĞĂƌƐ͕ ǁŚĂƚ ĂƌĞ ƚŚĞ ĐƵƌƌĞŶƚ ƌĂƚĞƐ ĂŶĚ ǁŚĂƚ ŝƐ ƚŚĞ current trend? Are rates coming ĚŽǁŶ͍ ŽĞƐ ŝƚ ŵĂŬĞ ƐĞŶƐĞ ƚŽ ƌĞǀŝĞǁ ƚŚĞ ĐŽŶƚƌĂĐƚ ŶŽǁ ĂŶĚ consider extending for a period ŽĨ ƟŵĞ͍ hůƟŵĂƚĞůLJ͕ Ă ƐƵĐĐĞƐƐĨƵů ďƵĚŐĞƚ ŝƐ ŽŶĞ ƚŚĂƚ ĂĐĐƵƌĂƚĞůLJ ƌĞŇĞĐƚƐ ƚŚĞ real revenues and expenditures ŽĨ ƚŚĞ ŽƌŐĂŶŝnjĂƟŽŶ ĂŶĚ ĂůůŽǁƐ ĨŽƌ ŝŶĨŽƌŵĞĚ ĚĞĐŝƐŝŽŶ ŵĂŬŝŶŐ ĂŶĚ ĨĂŝƌ customer rates. It is important to note that, especially in today’s economic environment, ĐĂƉŝƚĂů ďƵĚŐĞƚƐ ĂƌĞ ŵŽƌĞ ĚŝĸĐƵůƚ ƚŽ ƉƌĞĚŝĐƚ ƚŚĂŶ ŽƉĞƌĂƟŶŐ ďƵĚŐĞƚƐ͘ dŚĞƌĞ ĂƌĞ Ă ǀĂƌŝĞƚLJ ŽĨ ĨĂĐƚŽƌƐ ŝŵƉĂĐƟŶŐ capital budgets that do not get ĐŽŶƐŝĚĞƌĞĚ ŝŶ ŽƉĞƌĂƟŽŶƐ͘ >ĞĂĚ ƟŵĞƐ on materials are causing capital budgeted projects to be pushed year ŝŶƚŽ LJĞĂƌ͘ ƐĐĂůĂƟŶŐ ůĂďŽƌ ĐŽƐƚƐ ĂƌĞ causing bids to be received 10 to ϮϬй ŚŝŐŚĞƌ ƚŚĂŶ ǁŚĂƚ ǁĂƐ ŽƌŝŐŝŶĂůůLJ budgeted and the demand on that labor is causing an even higher increase in price and an even longer ůĞĂĚ ƟŵĞ ŝŶ ĚĞůŝǀĞƌLJ͘ dŚĞƐĞ ĐŽŶĚŝƟŽŶƐ ŵĂŬĞ ŝƚ ŵŽƌĞ ĐƌŝƟĐĂů ƚŽ ĞŶƐƵƌĞ Ă ƐŽƵŶĚ ŽƉĞƌĂƟŶŐ ďƵĚŐĞƚ ǁŚĞƌĞ ƚŚĞƌĞ can be some level of predictability. KçÙ ^֛‘®¥®‘ ø֛ٮ›Ä‘› ƒã DÊÄã¦ÊÛÙù dÊóÄÝ«®Ö DçÄ®‘®Öƒ½ ^›ó›Ù çã«ÊÙ®ãù (MTMSA) ƚ DdD^ ͕ ǁĞ ŬĞĞƉ Ă ƌŽůůŝŶŐ ϭϬ LJĞĂƌ run rate of actual expenditures in an easy to use Excel spreadsheet. dŚŝƐ ǁĂƐ ĂŶ ŝŶĐƌĞĚŝďůLJ ŚĞůƉĨƵů ƚŽŽů ǁŚĞŶ ĂƌƟĐƵůĂƟŶŐ ƚŚĞ ŝŵƉĂĐƚƐ ŽĨ ƚŚĞ ŽǀŝĚͲϭϵ ĐƌŝƐŝƐ ŽŶ ƚŚĞ ĞĐŽŶŽŵLJ ĂŶĚ ƐƉĞĐŝĮĐĂůůLJ ŽŶ ŽƵƌ ĂƵƚŚŽƌŝƚLJ͛Ɛ ďƵĚŐĞƚ͘ &ƌŽŵ ϮϬϭϱ ƚŚƌŽƵŐŚ ϮϬϭϵ͕ ƚŚĞ ĂƵƚŚŽƌŝƚLJ ǁĂƐ ĂďůĞ ƚŽ ĚĞĐƌĞĂƐĞ ĂĐƚƵĂů expenditures by 1.3% total over four years. From 2020 through to 2024, actual expenditures rose by almost ϭϮй͘ dŚŝƐ ǁĂƐ Ă ŵĞĂŶŝŶŐĨƵů ǁĂLJ ƚŽ ƐŚŽǁ ƚŚĞ ĂƵƚŚŽƌŝƚLJ ďŽĂƌĚ ƚŚĞ ŝŵƉĂĐƚ ŽĨ ƚŚĞ ĐƵƌƌĞŶƚ ĞĐŽŶŽŵŝĐ ƐŝƚƵĂƟŽŶ on the budget. Conversely, revenues ĂůƐŽ ĚĞĐƌĞĂƐĞĚ ĨƌŽŵ ϮϬϭϱͲϮϬϭϵ ďLJ just under 1% but then increased by 8% from 2020-2024 due mainly to ƐŝŐŶŝĮĐĂŶƚ ŝŶĐƌĞĂƐĞƐ ŝŶ ŝŶǀĞƐƚŵĞŶƚ income rates. We also maintain a record of budget- to-actuals for the same rolling 10-year ƉĞƌŝŽĚ͘ dŚŝƐ ĂůůŽǁƐ ƵƐ ƚŽ ĞǀĂůƵĂƚĞ the success of the budget process. KƵƌ ďƵĚŐĞƚ ƐƵĐĐĞƐƐ ŚĂƐ ƌĂŶŐĞĚ ĨƌŽŵ ĂƐ ůŽǁ ĂƐ ϵϵй ƚŽ ĂƐ ŚŝŐŚ ĂƐ ϭϬϴй ŽŶ ƚŚĞ ƌĞǀĞŶƵĞƐ ǁŝƚŚ ĂŶ ĂǀĞƌĂŐĞ ŽĨ ϭϬϯй͘ KŶ ƚŚĞ ĞdžƉĞŶĚŝƚƵƌĞ ƐŝĚĞ ŽĨ ƚŚĞ ďƵĚŐĞƚ͕ ŽƵƌ ƌĂŶŐĞ ŚĂƐ ďĞĞŶ ϵϰй ƚŽ ϭϬϬй ǁŝƚŚ ĂŶ ĂǀĞƌĂŐĞ ŽĨ ϵϲ͘ϱй accuracy. This consistency in the ďƵĚŐĞƚ ĂůůŽǁƐ ĨŽƌ ƚŚĞ DdD^ ďŽĂƌĚ ƚŽ ŵĂŬĞ ǁĞůů ŝŶĨŽƌŵĞĚ ĚĞĐŝƐŝŽŶƐ ĂŶĚ ƚŽ ĨĞĞů ĐŽŶĮĚĞŶƚ ƚŚĂƚ ƚŚĞ ƌĂƚĞ ĂŶĚ ĨĞĞ structure of the authority is derived ĨƌŽŵ ƐŽƵŶĚ ĮŶĂŶĐŝĂů ƉŽƐŝƟŽŶƐ͘ /Ŷ ƐƵŵŵĂƌLJ͕ ƐŽƵŶĚ ďƵĚŐĞƟŶŐ ĞƋƵĂůƐ ƐŽƵŶĚ ĮŶĂŶĐĞƐ͘ ƵĚŐĞƟŶŐ ŝƐ Ă ĐƌŝƟĐĂů ĨƵŶĐƟŽŶ ŝŶ ƚŚĞ ŽƉĞƌĂƟŽŶƐ ŽĨ ĂŶ authority and there is a due diligence that should be exercised to ensure the public that there is transparency ŽĨ ƚŚĞ ĮŶĂŶĐĞƐ ĂŶĚ ƚŚĂƚ ƚŚĞ ƌĂƚĞƐ and fee structure are based on solid ĮŶĂŶĐŝĂů ŝŶĨŽƌŵĂƟŽŶ͘ Ɛ ĂŶ džĞĐƵƟǀĞ Director, ƚŚĞƌĞ ŝƐ ĂŶ ŽďůŝŐĂƟŽŶ ƚŽ ƌĞǀŝĞǁ ƚŚĞ ďƵĚŐĞƚ ĂŶĚ ĞŶƐƵƌĞ LJŽƵ have a solid grasp on the details of ƚŚĞ ĂƵƚŚŽƌŝƚLJ͛Ɛ ĮŶĂŶĐŝĂů ƉŽƐŝƟŽŶ͘ 6