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HomeMy WebLinkAbout97.Operations Committee Mtg 6-1-16 - Item 7 Presentation.pdf Proposed Budget Summary Fiscal Years 2016- 17 and 2017- 18 OJNSV SP Nl jyjay Presenter: Mike White c_ 9 Controller 9o��CJ/N� TXE`fN�EP��g�2 Proposed Budget Summary Revenues FY 16-17 FY 17-18 Fees and Charges $311 M (71%) $321 M (72%) Property Taxes $ 87 M (20%) $ 91 M (21%) Assessments $ 20 M ( 5%) $ 19 M ( 4%) Interest/Other $ 17 M ( 4%) $ 15 M ( 3%) Total Revenues $435 M $446 M Outlays FY 16-17 FY 17-18 Operating $146 M (31%) $150 M (40%) Net CIP/RRR $171 M (36%) $138 M (37%) Debt Service $ 87 M (18%) $ 83 M (22%) Other $ 6 M ( 1%) $ 4 M ( 1%) L-T Liability Reduction $65 M (14%) $ 0 M ( 0%) Total Outlays $475 M $375 M Major Revenue Components Include Fees/Charges and General Income Other Fees & Charges General $8 M $331 M Income 2% 76% $99 M 23% General Income $96 M Fees & Charges Other 22% $340 M 1 M �pro 76% Proposed Revenues Proposed Revenues FY 16-17 = $435 Million FY 17-18 = $446 Million Most OCSD Revenue is Related to User Fees Proposed FY 16-17 FY 17-18 General User Fees $ 287 M $ 291 M Permit User Fees $ 11 M $ 12 M Assessments $ 20 M $ 19 M Capital Facilities Capacity Charges $ 13 M $ 18 M Total Fees & Charges $ 340 M Comparison of SFR Rates (July 2015) $800 784 $700 $600 $500 $400 $322 $300 $200 $155 $0 Property Tax Revenue will Rise with the Continuing Economic Recovery Proposed FY 16-17 FY 17-18 Property Tax Revenue $ 87 M $ 91 M Interest Revenue $ 9 M $ 9 M Total General Income $ 96 M $ 100 M Other $ 8 M $ 6 M OCSD Outlay Categories Proposed FY 16-17 FY 17-18 Operating Expense $ 146 M $ 150 M Net Capital Improvement/RRR $ 174 M $ 139 M Debt Service $ 87 M $ 83 M Self-Insurance $ 3 M $ 3 M Long-Term Obligations $ 65 M $ 0 M Total Outlays $ 475 M $ 375 M Proposed Operating Expense Summary Description FY 15-16 FY 16-17 FY 17-18 Approved Proposed Proposed Salaries and Wages $ 94.8 M $ 89.3 M $ 90.6 M Contractual Services 23.9 M 24.8 M 22.6 M Operating Mat'Is & Supplies 17.2 M 16.7 M 17.4 M Repairs and Maintenance 12.4 M 14.3 M 16.2 M Utilities 7.8 M 8.9 M 10.2 M Other 10.1 M 11.6 M 12.4 M Cost Allocation -16.9 M -19.2 M -19.4 M Net Operating Requirements $149.3 M $146.4 M $150.0 M Percentage Increase (Decrease) (2.0%) 2.4% CIP Consists of Four Distinct Types Proposed FY 16-17 FY 17-18 Replacement/Rehabilitation $ 97 M $ 84 M Improved Treatment $ 32 M $ 19 M Additional Capacity $ 45 M $ 30 M Support $ 16 M $ 20 M Total Outlays $ 190 M $ 153 M CIP Program Ten-Year Annual Outlays (in millions) $260 $244 $245 $244 $240 1233 $220 $222 $213 $200 $190 $197 $180 V$176 $160 $140 $153 $120 14 $100 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-16 No Additional Debt Issuances are Planned $loons: OUTSTANDING DEBT $1,600 $1,400 $1,200 $1,000 — $800 $600 $400 $200 $0 2010 2015 2020 2025 2030 2035 2040 4 �s. Questions ?