The annual budget serves as the foundation for NBU’s financial planning and control.
New Braunfels Utilities is required by Board policy to adopt an annual financial plan, which covers the upcoming fiscal year in detail and incorporates a plan for an additional nine fiscal years. These annual expenditures provide services to accommodate system growth. In 2020, NBU estimated electric meter connections to increase by upwards of 6 percent, including the addition of three miles of overhead distribution and 19 miles underground.
In 2019, purchased electricity costs represented 61.6 percent, or $86.3 million, of total operating expenses.
Management of NBU is responsible for establishing and maintaining an internal control structure designed to ensure that assets are protected from loss, theft, and misuse and to ensure that adequate accounting data is compiled to allow for the preparation of financial statements in conformity with generally accepted accounting principles.
3.75 million gallons of water were provided to the New Braunfels community in 2019.