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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 ?