At Tuesday night's (8/05) City Commission meeting, the Commissioners will vote to approve the consent agenda, which includes payments made in excess of $5,000.
There are two payments to SME for power:
June power expense - $769,303
April "additional power" - $110,819
Total: $880,122
In the past, the invoices for additional power (used to be called "imbalance") have ranged between $30,000 to $60,000. Now all of a sudden, the April imbalance is almost 2 to 3 times more than what we have seen so far:
(January's initial power expense was never reported on the $5,000 report)
Thanks to Ed McKnight for pointing out Coleen Balzarini's comments at the 7/15 meeting:
Thanks to Ed McKnight for pointing out Coleen Balzarini's comments at the 7/15 meeting:
"Mr. McKnight inquired how the City came up with the figure $9.5 million in the budget for ECP. Ms. Balzarini responded that she assumed that was the expenditure line. She believes that the cost of energy is $730,000 per month times 12 months. Mr. McKnight stated that every year there is a prediction of how much money will be spent on power and believes this is severely under-budgeted".
I don't mean to be picky, but her math doesn't work - $730,000 x 12 = $8,760,000; only about $1,000,000 short of what was budgeted.
If the fiscal services director, who lives and breathes this power business, thinks the monthly cost of energy is $730,000, why was April's total bill $820,348?
3 comments:
Too bad only one commissioner will abide by city ordinance and vote NO on expenditures...we'll see how long we can keep our ancient water rights Paris Gibson had to vision to establish, and now under great threat.
1889 is "ancient"?
Our 1889 GF leaders has far more vision than the present bunch........
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