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Finance and Audit Committee. High-level Draft Budget – Incremental Costs of Bifurcation August , 2012. 2013 Approved Budget . WECC 2013 Budget - $44.36 million* 2013 Bifurcated Budget Regional Entity – $17.70 million Non-regional Entity – $26.66 million

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finance and audit committee

Finance and Audit Committee

High-level Draft Budget –

Incremental Costs of Bifurcation

August , 2012

2013 approved budget
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

incremental costs
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
major cost drivers
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
major budget assumptions
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