Item 14- Presentation: Fourth Quarter Financial Report — original pdf
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Austin Energy Quarterly Financial Report 4th Quarter FY 2026 Stephanie Koudelka Chief Financial Officer November 2026 © Austin Energy Item 14 Agenda Quarterly Financial Report Executive Summary Financial Health Budget to Actuals Financial Statements Competitiveness Metrics 2 Executive Summary FY26 Financial Results Costs exceeded revenues by $8 million. Bond Rating AA- per S&P, below AA target. Financial Policies Substantial compliance as of September. Days Cash on Hand Cash and reserves at 187 days as of September. 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 187 Days Actual 2.3x Actual 9% Actual 58% Includes pass-through rate recovery balances 4 Austin Energy Quarterly Financial Report Budget to Actuals 5 Austin Energy Fund Summary 6 ActualBudgetFavorable (Unfavorable)Base Revenue $ 787 $ 749 $ 38 Power Supply Revenue577 593 (16)Other Operating Revenues 518 560 (42)Total Operating Revenues 1,882 1,902 (20)Power Supply Expense511 528 17 Other Operating Expenses 889 936 47 Total Operating Expenses1,400 1,464 64 Operating Income (Loss)482 438 44 Transfers In5 5 0 Interest & Other Revenue35 44 (9)Debt Service(195)(196)1 Administrative Support Transfer(42)(42)0 General Fund Transfer(139)(139)0 Economic Development Transfer(11)(11)0 Other Transfers(19)(18)(1)CIP Transfer(124)(124)0 Excess (Deficiency) of Revenues $ (8) $ (43) $ 35 Millions of $12 Months Ended September 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 Billed 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 22% 33% 45% $ 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 Annual Customer Growth Average Number of Customers 575,086 584,079 Sales in Gigawatt-hours 14,440 14,785 1.5% increase 2.4% increase FYTD 2025 FYTD 2026 FYTD 2025 FYTD 2026 Residential Commercial/Industrial Residential Commercial/Industrial 10 Austin Energy Quarterly Financial Report Competitiveness Metrics Average Rates by Customer Class – CY 2025 15.76¢ 13.14¢ 11.76¢ 10.88¢ 9.60¢ 8.28¢ Residential Commercial & Industrial System Austin Energy Texas-ERCOT Average *Texas average limited to ERCOT providers with more than 3% residential customer load. Source: U.S. Energy Information Administration Form 861, released in October 2026. Residential Average Monthly Bill – CY 2025 TXU ENERGY RELIANT AMIGO ENERGY TEXAS – ERCOT AVERAGE TEXAS - ERCOT GREEN MOUNTAIN PEDERNALES EC BLUEBONNET EC CPS ENERGY NEW BRAUNFELS DENTON BROWNSVILLE AUSTIN ENERGY AUSTIN ENERGY CHAMPION ENERGY SERVICES $210.70 $190.67 $185.95 $178.21 $167.96 $153.24 $144.15 $133.34 $131.81 $127.84 $124.31 $109.74 $99.32 *Texas average limited to ERCOT providers with more than 3% residential customer load. Source: U.S. Energy Information Administration Form 861, released in October 2026. ©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.