Burlington Electric FY27 Financial Results

At a glance

Based on auto-generated captions; names and details may be misheard.

• What: monthly financial review of Burlington Electric Department for fiscal year 2027.
• Where it stands: August showed a net loss of about $272,000 against a budgeted net income of just under $1.9 million, mainly a timing issue on a revenue payment received in July.
• Next: September and October results expected to improve production versus budget; city bond timing affects cash.

Key numbers (August 2026, as captioned)

• Year to date about $25,000 ahead of budget.
• Capital spending 12% of full-year budget (about $2.5 million).
• Cash about $1.9 million above budget; 158 days cash on hand including the line of credit.
• Debt service coverage 4.59 (adjusted 1.29 over 12 months).
• The city's annual bond moved from September to December, bringing an additional $3 million.

Sources

• 2026-10-14 - Burlington Electric Commission
• https://youtube.com/watch?v=6qw2y51ofPw

Discussion time

About 4 minutes across 1 meeting (from transcript timestamps; approximate).

Log

• 2026-10-14 - Burlington Electric Commission - August FY27 review; no questions beyond production versus budget.