- First-quarter electricity budget at a glance
Net power costs: 24.7 percent of Lodi Electric
Non-power costs such as personnel, supplies,
transportation: 17.8 percent of budget.
Debt cost: 25 percent of the budget.
Revenue: 26.2 percent.
Revenue from Lodi Electric customers: $18.1
million (25.2 percent of full-year budget)
Other revenue: $883,000 (175.2 percent of
Total revenue: $19.0 million (26.2 percent)
Cost of purchased power: $10.7 million (24.7
Non-power expenses: $2.6 million (17.8
Debt service: $1.8 million (25.0 percent)
Capital expenditures: $110,368 (2.9
Total expenses: $15.2 million
Available cash: $22.2 million
— Source: Lodi Electric Utility.
Posted: Wednesday, December 8, 2010 12:00 am
Updated: 6:01 am, Wed Dec 8, 2010.
The Lodi City Council has been advised by its staff to increase
its Electrical Utility budget reserve fund in order to get a better
credit rating to purchase power.
However, Electric Utility Director Elizabeth Kirkley says that
increasing the reserve fund can be done without increasing
Wednesday, December 8, 2010 12:00 am.
Updated: 6:01 am.