HomeMy WebLinkAbout97.PPP ReservesAndCashMgmt Admin 05-14-14Financial ManagementRevenues and Reserves
Revenues are Composed
of Four Major Categories.
Estimated Proposed
Revenues FY 13-14 FY 14-15 FY 15-16
Fees & Charges $305 M $314 M $321 M
General Income $ 90 M $ 96 M $ 100 M
Other / Interagency $ 23 M $ 23 M $ 24 M
Debt Proceeds $ 0 M $ 0 M $ 0 M
Total Revenues $418 M $433 M $445 M
Fees and Charges Represent the
Largest Component of Revenues
Fees & Charges
$314 M
73%
General
Income
$96 M
22%
Fees & Charges
$321 M
72%
General
Income
$100 M
23%Other
$23 M, 5%Other
$24 M, 5%
Proposed Revenues
FY 14-15 = $433 Million
Proposed Revenues
FY 15-16 = $445 Million
General Fees & Permit Fees Increase
Capacity Charges Remain Flat
Proposed
FY 14-15 FY 15-16
General User Fees $ 293 M $ 300 M
Permit User Fees $ 12 M $ 12 M
Capital Facilities Capacity $ 9 M $ 9 M
Charges
Total Fees & Charges $ 314 M $ 321 M
Proposed
FY 14-15 FY 15-16
Property Tax $ 77 M $ 81 M
Interest $ 19 M $ 19 M
Total General Income $ 96 M $ 100 M
Other / Interagency $ 23 M $ 24 M
Interagency and Interest Income is Flat
Property Tax Rise with the Continuing
Economic Recovery
No New Money Debt Issuances are Projected
in the Near Term
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
2010 2015 2020 2025 2030 2035 2040
OUTSTANDING DEBT$100Ms
Reserves
Seven Major Criteria
a)Dry Period Cash Flow 50% of the Operating Budget
b)Operating Contingencies 10% of the Operating Budget
c)Dry Period Debt Service 100% of Debt Service Requirement
d)Capital Improvement 50% of Average CIP Balance
e)Debt Service 10% of Outstanding COPs
f)Catastrophe Funds $57 million
g)Replace/Refurb.30% of Capital Asset Repl. Value
Funds Management
a)PIMCO –District’s Investment Manager, responsible for the
day-to-day investing of the District’s investment portfolio in
accordance with the Board Adopted Investment Policy.
b)Callan –Investment Advisor, responsible for reviewing and
reporting the results of the investment performance.
c)BNY Mellon –The custodian bank responsible for the custody
and recordkeeping of the District’s investment portfolio.
c)LAIF –State Local Agency Investment Fund used by the District
to fund its weekly vendor and/or payroll payments.
Questions?