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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?