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.
Fun Fact: The NBU electric system has over 1,115 miles of overhead and underground distribution infrastructure.
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.
Did you know that over 100 miles of water infrastructure pipes have been added to the NBU water system since 2019?