Item 12- Staff Briefing: Third Quarter Financial Report — original pdf

Backup

Austin Energy Quarterly Financial Report 3rd Quarter FY 2026 Stephanie Koudelka Chief Financial Officer August 2026 © Austin Energy Item 12Agenda Quarterly Financial Report Executive Summary Financial Health Budget to Actuals Financial Statements 2 Executive Summary Operating Results Operating income was under budget by $4m, or 2%, as of June Financial Policies Substantial compliance in financial policies Bond Rating AA- per S&P, below AA target Days Cash on Hand 188 days, including 31 days of power supply adjustment over-recovery 3 Financial Health S&P Bond Rating Target: AA | Actual: AA- Days Cash on Hand Debt Service Coverage Operating Margin Debt to Capitalization Target > 200 Days Target > 2.5x Target > 10% Target < 50% Actual 188 Days Actual 2.5x Actual 11% Actual 57% Includes ~31 Days of Power Supply Adjustment over-recovery 4 Austin Energy Quarterly Financial Report Budget to Actuals 5 Austin Energy Fund Summary 6 ActualBudgetFavorable (Unfavorable)Base Revenue $ 532 $ 515 $ 17 Power Supply Revenue381 403 (22)Other Operating Revenues 383 416 (33)Total Operating Revenues 1,296 1,334 (38)Power Supply Expense340 363 23 Other Operating Expenses 689 699 10 Total Operating Expenses1,029 1,062 33 Operating Income (Loss)267 272 (5)Transfers In5 5 0 Interest & Other Revenue75 33 42 Debt Service(120)(119)(1)Income (Loss) Before Transfers227 191 36 Administrative Support Transfer(32)(32)0 General Fund Transfer(104)(104)0 Economic Development Transfer(8)(8)0 Other Transfers(13)(13)0 CIP Transfer(93)(93)0 Excess (Deficiency) of Revenues $ (23) $ (59) $ 36 Millions of $9 Months Ended June 202680 60 40 20 0 s n o i l l i M $ Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 7 Actual Cost Budget Cost PSA Revenue Power Supply Adjustment Capital Improvement Plan (CIP) $ 4 2 2 M C I P B U D G E T C I P F I N A N C I N G Transmission Distribution Substations Power Generation District Cooling General 24% 42% 34% $ Millions $0 $50 $100 $150 $200 FY26 Spend Plan FY26 Actuals Debt Cash Contributions in Aid of Construction 8 Austin Energy Quarterly Financial Report Financial Statements Income Statement Average Number of Customers 572,677 582,179 1.7% increase FYTD 2025 FYTD 2026 Residential Commercial/Industrial Sales in Gigawatt-hours 10,084 10,103 0.2% increase FYTD 2025 Residential FYTD 2026 Commercial/Industrial 10 6/30/20256/30/2026Operating Revenue$858 $911 Power Supply Operating Revenue401 381 Power Supply Operating Expense332 340 Operating Expenses 638 662 Depreciation Expense154 164 Operating Income (Loss)$135 $126 Other Revenues (Expenses)(24)11 General Fund Transfer(94)(104)Net Income (Loss)$17 $33 Millions of $9 Months Ended©Austin Energy. All rights reserved. Austin Energy and the Austin Energy logo and combinations thereof are trademarks of Austin Energy, the electric department of the City of Austin, Texas. Other names are for informational purposes only and may be trademarks of their respective owners.