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Orange
Budget Development Assumptions
Economics
• Inflation for Orange County is projected
to be approximately 2.4%
Revenue
• Based on the March 2013 Board approved Five-Year
Single-family residence (SFR) rate schedule, SFR is
proposed to increase 2.2% in FY15-16 to $323.
Reserves
• Current reserve policy is unchanged
Comparison of SFR Rates (July 2012)
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range County Sanitation District We're here for yot
Operations
• Average daily flow projections are projected to
be 190 mgd for FY 2015-16
• All secondary treatment facilities are completed
and fully operational
• Operating expenses are expected to be
proposed at $9 .4 M, or 6% less than the
previously adopted FY 15-16 budget of $ 155 M
due to the UAAL pay down of $ 125 M
Staff i ng
• No proposed changes in Staffing levels (626 FTE)
• A 5% vacancy factor will be budgeted for
authorized positions
• S&P MOU calls for 2% salary adjustments in 14-
15 and 15-16. Pending the completion of OCEA
and Local 501 bargaining unit negotiations, no
salary adjustments are currently anticipated
• Moderate increases in benefits are anticipated .
Capital Improvement Program ( CIP)
• Cash flow assumptions are based on the
most recent validated CIP
• Baseline CIP is $ 180.0 million for FY15-16
Debt Financing
• Continue to issue COPS as the primary method
of financing the capital program
• No additional "new money" debt issuance is
scheduled for FY 2015-16
Budget Summary
Revenues FY 15-16
Fees and Charges $ 338M (77%)
Property Taxes $ 82M (19%)
Interest / Other 19M ( 4%)
Total Revenues $ 439M
Expenditures FY 15-16
Operating $ 155M (34%)
CIP / RRR $ 207M (46%)
Debt Service $ 87M (19%)
Other 2M ( 1%)
Total Outlays $ 451M
Budget Development Key Meeting Dates
• FY 15-16 Budget Assumptions February
• Review of Revenues March
• Review of Expenditures April
Budget Development Key Meeting Dates
• Operations Committee
Budget Overview May, June
• Administration Committee
Budget Elements Review May, June
• Board Meeting
FY 15- 16 Budget Update
Approval June
Quest *ions
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