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HomeMy WebLinkAboutInfo Rprt - Draft DCE Operating Budget• fl W STAFF REPORT CITY OF PALM DESERT COMMUNITY DEVELOPMENT DEPARTMENT MEETING DATE: June 14, 2018 PREPARED BY: Ryan Stendell, Director of Community Development REQUEST: Receive and File an informational report related to the draft Desert Community Energy operating budget. Recommendation By Minute Motion, receive and file an informational report related to the draft Desert Community Energy operating budget. Strategic Plan Energy and Sustainability Priority 2: Promote greater usage of more sustainable materials. One of the most advantageous goals of existing Community Choice Aggregations (CCA) is the purchase of bulk power from more sustainable power providers, which meets the intent of the above -mentioned strategic plan goal. Background Analysis At its meeting of December 14, 2017, the City Council adopted Ordinance No. 1327 opting into a Joint Powers Agreement for the purposes of creating a CCA Program. With the approval, the City Council directed staff to report back at certain milestones, one of which was when a draft operations budget becomes available. The CCA program is on schedule to commence operations in the late summer/fall of 2018 and is operating under the name of Desert Communities Energy (DCE). At its meeting of May 21, 2018, the DCE board was presented with a draft three-year operating budget (copy attached). The draft operating budget supports the initial intent of creating modest savings to the consumer (currently 3%) while procuring cleaner energy. Attached to this report, please find both the draft budget and staff report that was presented to the DCE for your review. There is no action of the City Council required of this report; however, any comments from the Council will be transmitted back to the DCE for review. June 14, 2018 - Staff Report Desert Community Energy: Draft Operating Budget Page 2 of 2 Fiscal Analysis There is no fiscal impact to the City related to this report. LEGAL REVIEW N/A Robert Hargreaves, City Attorney DEPT. REVIEW FINANCIAL REVIEW CITY MANAGER N/A R an tendell Janet Moore Lauri Aylaian Director of Community Director of Finance City Manager Development ATTACHMENTS: 1. DCE Staff Report dated May 21, 2018 2. DCE Draft Budget