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JEA Spends 50% Annual Gas Budget in 4 Months

5:39 AM, Mar 13, 2012   |    comments
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JACKSONVILLE, Fla. -- Gasoline prices are ravenously eating away at everyone's budget.

Large companies are also paying the price.

Four months into their 2012 fiscal year, JEA has spent almost 50% of their gas budget.

The 2012 fiscal year began October 1, 2011.

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According to JEA, the company budgeted $3.84 million. As of February 1, they spent $1,826,222 - about 47%.

"We expected prices to go up," said Kent Brumfield, JEA's Director of Fleet Services.

Brumfield said JEA raised the gas budget $0.20 from 2011, bringing it to $3.20 for fiscal year 2012. The price JEA paid for both diesel and regular one week ago was $0.23 over that budgeted price.

Even if prices were to stay at the current rate of $3.43, that means JEA could be $700,000 over budget by the end of their fiscal year in September.
 
JEA derives the budget from historical consumption, according to Brumfield.

"I don't know necessarily why they picked $3.20," Brumfield said.

JEA purchases 94% of its gas from the City of Jacksonville.

First Coast News checked the city's numbers as well. COJ budgeted $3.50 per gallon for 2012. In the same four months, the city reached about 23% of their total budget for gas.

Sicne February 1, 2011, JEA has used about 42% of their total gas budget and at the end of the year, went over budget by more than $100,000.

Brumfield said going over budget will not affect customer rates.

But it has to come from somewhere.

Brumfield said they first look within Fleet Services.

Then in the Facilities and Logistics group as a whole.

He said they're also looking at ways to conserve fuel consumption.

"I know we're looking at installing a GPS system in the vehicle that may help with more efficient routes, if you will," Brumfield said.

First Coast News

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