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.
For example, between FY 2022 and FY 2026, NBU estimates electric meter connections to increase by a total of 30.3 percent. It is estimated that ten miles of distribution overhead primary will be added and 100 miles of underground distribution will be added.
In 2020, purchased power costs represented almost exactly 50 percent, or $86.6 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.
3.76 million gallons of water were provided to the New Braunfels community in 2020.