tailieunhanh - LCRA FY 2013 Business and Capital Plans

This requires, firstly, clarity as to what the target means and secondly, an understanding of how this might be achieved. What is a society with an enterprise culture? It can be a society in which the potential for individuals and groups to start a business is maximised. More broadly it can be a society in which individuals in all kinds of organisations and in all aspects of life behave in an entrepreneurial manner. The common element is a set of values and attitudes underpinning a belief that economic and social development can best be achieved by the maximisation of individual, small group and local community effort. | LCRA FY 2013 Business and Capital Plans l RA ENERGY WATER COMMUNITY SERVICES LCRA Board of Directors Timothy Timmerman Chair Rebecca A. Klein Vice Chair Kathleen Hartnett White Secretary J. Scott Arbuckle Steve K. Balas Lori A. Berger John C. Dickerson III John M. Franklin Raymond A. Ray Gill Jr. Jett J. Johnson Sandra Wright Kibby Thomas Michael Martine Michael G. McHenry Vernon E. Buddy Schrader Franklin Scott Spears Jr. The Board of Directors is composed of 15 members appointed by the governor. Directors represent counties in the electric and water service areas. The directors meet regularly to set strategic corporate direction for the general manager and staff to approve projects and large expenditures and to review progress on major activities and industry issues. General Manager Becky Motal General Counsel John W. Rubottom General Auditor W. Charles Johnson Jr. Chief Financial Officer W. Brady Edwards Treasurer James Travis Table of Contents LCRA FY 2013 Business Plan Addresses Unique Challenges and Opportunities 1 A New Structure and a New Approach 1 Challenges Ahead 1 Key Facets of LCRA Operations 2 Recent Events Affecting LCRA 3 LCRA Strategic Goals FY 2013 - 2017 5 Strategic Goal 1 Water Supply 5 Strategic Goal 2 Cost Management 5 Consolidated Look at Revenues and Expenses 6 Generation 8 Transmission 10 Raw Water 13 Water and Wastewater Utilities 15 Enterprise Costs 16 Cost Drivers 17 Compensation and Benefits 17 Fuel 17 Debt Service 17 Public Service Fund 18 Public Service Fund Activities 19 Departmental Analysis 20 This Business Plan presents a long-term vision for LCRA and affiliates and a summary of their operational plans. The Business Plan should not be used as a basis for making a financial decision with regard to LCRA or any of its securities or other obligations. This Business Plan is intended to satisfy the official intent requirements set forth in Section of the Treasury Regulations. For more complete information on LCRA and its .