COST SAVINGS: FY20 FINANCING PLAN UPDATE

COST SAVINGS: FY20 FINANCING PLAN UPDATE

INTRODUCTION BY: Delores Lenzy-Jones

Chief Financial Officer (CFO) & Treasurer

PRESENTED BY: Gautam Shringarpure Senior Manager, Corporate Finance Analytics & Debt Management

July 29, 2019

Informational Update

OBJECTIVE & TAKEAWAY

? UPDATE THE BOARD OF TRUSTEES ON CONTINUED FINANCING ACTIVITIES THAT GENERATE SAVINGS FOR OUR COMMUNITY

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EXECUTIVE SUMMARY

($ in millions)

Additional Savings / Earnings

Fiscal Year

March BoT Savings

Commercial Paper (CP)

Refresh

Subsidy Increase (BABs)

Interest Earnings

Total

FY20

$5.4

$0.2

$2.5

$2.9

$11.0

FY21

1.1

0.1

0.1

-

1.3

Outer Yrs. Total

23.0 $29.5

0.2 $0.5

0.5 $3.1

$2.9

23.7 $36.0

? FY20 $5.6M incremental increase since the March BOT meeting $0.2M Commercial Paper (CP) savings from lower fees

$5.6M

$2.5M benefit from subsidy certainty on Build America Bonds (BABs)

$2.9M benefit from positive interest income (Fed action)

We are projecting a total benefit of $11M this fiscal year,

with additional savings over the long-term!

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Thank You

Appendix

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