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2013 Bifurcated Budget Overview and Incremental Costs Analysis

The Finance and Audit Committee presents a high-level draft budget for 2013, detailing the bifurcated budget of $44.36 million. This budget allocates $17.70 million for regional entities and $26.66 million for non-regional entities, excluding indirect allocations to WREGIS. Incremental costs total $5.85 million, comprising $1.93 million in one-time costs and $3.92 million in recurring costs. Major cost drivers include governance, personnel, and infrastructure. The budget accounts for 17 additional positions and anticipated increases in benefits and off-site meetings.

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2013 Bifurcated Budget Overview and Incremental Costs Analysis

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  1. Finance and Audit Committee High-level Draft Budget – Incremental Costs of Bifurcation August , 2012

  2. 2013 Approved Budget • WECC 2013 Budget - $44.36 million* • 2013 Bifurcated Budget • Regional Entity – $17.70 million • Non-regional Entity – $26.66 million *Exclusive of indirect allocation to WREGIS

  3. Incremental Costs • Incremental Costs of $5.85 million • $1.93 million one-time costs • $3.92 million recurring costs • 2013 Bifurcated Budget with incremental costs • Regional Entity – $17.70 million • Non-regional Entity – $32.51 million

  4. Major Cost Drivers • Governance - $1.46 million • NAD comp/travel, start-up legal fees • Personnel - $3.43 million • Salaries, taxes, benefits, travel, retention, severance, relocation • Infrastructure - $484K • Equipment, construction, furniture, office space • Other Services & Costs – $476K • Business Insurance, audit/tax fees, accounting/HR software, office expenses

  5. Major Budget Assumptions • 17 additional positions added • Existing facilities and infrastructure used to the extent possible • Additional leased space required • Benefits increase 10% • Seven additional NADs • Four additional Board meetings off-site

  6. Questions?

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