HomeMy WebLinkAbout96.Item 3 PPP Administration Committee 3-8-17_FY17-18 Budget Update.pdf Revenues & Reserves Update
for Fiscal Year
2017 = 18
Administrative Committee Meeting
March 8, 2017
Revenues are Composed
of Four Major Categories
Approved
Revenues FY 16-17 FY 17-18
Fees & Charges $311 M $321 M
General Income $ 96 M $100 M
Other / Interagency $ 23 M $ 21 M
Debt Proceeds $ 0 M $ 0 M
Total Revenues $430 M $442 M
Fees and Charges Represent the
Largest Component of Revenues
General lReneral
Income Income
$96 M $100 M
22% 22% ji
Other Other
$23 M - 6% $21 M - 5%
Fees & Charges Fees & Charges
$311 M $321 M
72% IF 73%
Approved Revenues Approved Revenues '.
FY 16-17 = $430 Million FY 17-18 = $442 Million
General User Fees Collected on the Property
Tax Bill is the Largest Revenue Source
Approved
FY 16-17 FY 17-18
General User Fees $ 287 M $ 291 M
Permit User Fees $ 11 M $ 12 M
Capital Facilities Capacity $ 13 M $ 18 M
Charges
Total Fees & Charges $ 311 M $ 321 M
Ten Largest Industrial Users
Represent only 2 % of OCSD User Fees
Company Fee % of Total
House Foods America $1, 137,028 0.36%
Kimberly-Clark Worldwide 11123,748 0.36%
Stremicks Heritage Foods 735,840 0.23%
Pulmuone Wildwood 667,744 0.21%
M C P Foods Inc. 649,886 0.21%
Jazz Semiconductor 541,379 0. 17%
Ameripec Inc. 494,287 0. 16%
Nor-Cal Beverage 453,737 0. 14%
Van Law Food Products 446,942 0. 14%
Nor-Cal Beverage (NCB) 4091575 0. 13%
Top Ten Total Fees & Charges $6,660,166 2.12%
Interagency Decline Due to Expiring Solids Agr.
Property Tax Rise with the Continuing
Economic Recovery
Approved
FY 16-17 FY 17-18
Property Taxes $ 87 M $ 91 M
Interest $ 9 M $ 9 M
Total General Income $ 96 M $ 100 M
Other / Interagency $ 23 M $ 21 M
Debt Proceeds Vary as Needed
to Support the CIP Program
No new money debt issuances
are projected in the near term .
Reserve Policy Summary
for Fiscal Year 2017-18
Non-Discretionary Reserves Million
1) Operating Expense — Dry Period $ 75
2) Debt Service — Dry Period $ 83
3) Debt Service Requirements $ 103
Discretionary Reserves
4) Operating Contingencies $ 15
5) Capital Improvement Program $ 118
6) Catastrophe Funds $ 57
7) Replacement/Refurbishment $ 67
TOTAL $518
OCSD Reserve Criteria Summary
Discretionary Reserve Criteria
1) Operating Contingencies $ 15 M
2) Capital Improvement Program $ 118 M
3) Catastrophe Funds $ 57 M
4) Replacement/Refurbishment $ 67 M
Total $257 M
Total OCSD Assets $6 Billion
Percent Coverage 4%
Questions ?