As a public utility offering four different services (electric, water, sewer and natural gas), we have a large operating budget to manage each year. In addition to annual operations, we also have a very significant capital budget for projects that stand out due to their large scale and cost compared to other projects requiring less planning and fewer resources. We have a tall order to fill to make sure our customers receive reliable service now, and in the future. Our customers depend on us to properly manage their investment.

Our 2016-2017 Fiscal Year budget planning process will soon be finalized. Over the past few months, we have developed a budget that supports the cost-effective use of our revenues while providing high-quality service to our customers. The process involves making a presentation to the Board on past departmental operations' costs, an overview of operations and services, and future projects, programs, and trends. This information is then shared with the City Council and the public.

I want to thank all of you involved. Budget preparation is time-consuming but vital for our Board of Commissioners, staff, and customers. A carefully planned and responsible budget allows us to provide reliable utility services at the lowest reasonable cost.