Title
Consider a resolution approving the proposed BCRUA Operating Budget for Fiscal Year 2021.
Body
The proposed FY21 Brushy Creek Regional Utility Authority (BCRUA) Annual Operating budget which includes Operations, Capital Outlay, Reserve Adjustment and Debt Service, contains a 4.3% increase in the FY20 budget from $15,144,864 to $15,799,201. These budget changes are summarized as follows:
Budget Category FY2020 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 daily average water production for the three Cities of Cedar Park, Leander, and Round Rock 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’s financial management software.
Round Rock’s portion of the total budget is $4,615,490 of which $379,884 is for operations and $4,235,606 is for debt.
BCRUA staff and the Operations Committee (OC) have reviewed this proposed budget and recommend approval. The BCRUA Board approved this FY21 budget at their August 26 Board Meeting.
Cost: $4,615,490
Source of Funds: Regional Water Fund