Agenda Information Sheet
DEPARTMENT: Denton Municipal Electric
CM/ACM: Todd Hileman, City Manager
DATE: March 13, 2017
SUBJECT
Title
Receive a report from staff regarding key financial information on Denton Municipal Electric including revenues and expenditures, rate stabilization fund, the current Capital Improvement Program, the Renewable Denton Plan and Denton Energy Center project, debt and rates.
Body
BACKGROUND
The purpose of this item is to provide the Public Utility Board with a current overview of Denton Municipal Electric’s finances, especially as they relate to its Capital Improvement Program (CIP) and the Denton Energy Center project. The presentation will include a discussion of:
• DME’s structure
• Revenues and expenditures
• The rate stabilization fund
• Factors influencing DME’s CIP
• Substation spacing
• CIP budget
• Status and budget of the Denton Energy Center
• Debt
• Rates
STRATEGIC PLAN RELATIONSHIP
The City of Denton’s Strategic Plan is an action-oriented road map that will help the City achieve its vision. The foundation for the plan is the five long-term Key Focus Areas (KFA): Organizational Excellence; Public Infrastructure; Economic Development; Safe, Livable, and Family-Friendly Community; and Sustainability and Environmental Stewardship. While individual items may support multiple KFAs, this specific City Council agenda item contributes most directly to the following KFA and goal:
Related Key Focus Area: Public Infrastructure
Related Goal: 2.5 Develop Capital Improvement Program (CIP) based on community needs
EXHIBITS
1. Presentation
2. Capital Improvement Plans documents
Respectfully submitted:
Phil Williams
General Manager
Prepared by:
Brian Daskam
External Affairs Manager