| Component | FY 2024 | FY 2025 | FY 2026 YTD |
|---|---|---|---|
| Beginning Balance | $1118.4M | $1145.2M | $1167.7M |
| Net Income | $42.8M | $48.2M | $8.2M |
| Capital Contributions | $12.4M | $8.6M | $0.0M |
| Distributions / Transfers | ($18.2M) | ($22.4M) | ($8.4M) |
| Other Changes (Pension, OPEB) | ($10.2M) | ($11.9M) | ($4.7M) |
| Ending Balance | $1145.2M | $1167.7M | $1162.8M |
Sr. Financial Analyst
Net position declined $4.9M YTD to $1,162.8M. Unrestricted net position at $51.8M -- getting closer to the $45M policy floor.
CFO
@Marcus Tran that $51.8M unrestricted figure concerns me. Run a 6-month forward projection and flag if we breach $48M at any point.
Sr. Financial Analyst
Projection complete. We dip to $47.2M in May (Q2 debt service + capital draws) but recover to $53.1M by June on seasonal revenue. Added to the board narrative.
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