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L'; A I= R E N E R U Y I I F F <br />== RIVERSIDE PUBLIC UTILITIES <br />Board Memorandum <br />PUBLIC UTILITIES <br />BOARD OF PUBLIC UTILITIES DATE: MARCH 13, 2017 <br />ITEM NO: 2 <br />SUBJECT: OVERVIEW OF UTILITY FINANCIAL OPERATIONS FOR BOARDS AND COUNCILS <br />ISSUE: <br />Receive and file a presentation by Utility Financial Solutions, LLC providing an "Overview of Utility <br />Financial Operations for Boards and Councils". <br />RECOMMENDATION: <br />That the Board of Public Utilities receive and file a presentation by Utility Financial Solutions, LLC <br />providing an "Overview of Utility Financial Operations for Boards and Councils". <br />BACKGROUND: <br />American Public Power Association (APPA) provides workshops for Boards and Councils relating to <br />public power topics and issues. In June 2016, Councilmember Davis and Board Members Austin, Crohn <br />and Foust attended a pre -conference sessions at the APPA National Conference in Phoenix, Arizona <br />relating to utility financial operations, as well as understanding a utility's cost structure and impact on <br />rates. The sessions were very well received by all participants. At the June 14, 2016 Council meeting <br />Councilmember Davis reported out on his experience at the conference and requested that staff provide <br />a similar workshop in Riverside for all City Council and Board members. <br />DISCUSSION: <br />Dawn Lund, Vice President of Utility Financial Solutions, LLC, will provide a workshop outlining utility <br />financial operations, as well as an understanding of a utility's cost structure and impact on rates. A <br />similar presentation is scheduled for the City Council on March 14, 2017. <br />FISCAL IMPACT: <br />Consultant fees (including travel costs) for providing the two workshops to the Board and City Council <br />are approximately $7,400. Sufficient funds are available in the Public Utilities Electric Fund Professional <br />Services Account No. 6000000-421000. <br />Prepared by: Laura M. Nomura, Utilities Assistant General Manager, Finance <br />Approved by: Girish Balachandran, Utilities General Manager <br />Approved by: John A. Russo, City Manager <br />Approved as to form: Gary Geuss, City Attorney <br />Attachment: Presentation <br />