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HomeMy WebLinkAbout98.PPP Item 5 - Proposed Budget Update 2017-18Presenter: Mike White Controller Proposed Budget Update Summary Fiscal Year 2017-18 Approved Proposed Update Revenues FY 17-18 FY 17-18 Budget Update Summary -Revenues Fees and Charges $340 M (76%)$333 M (75%) General Income $100 M (22%)$102 M (23%) Other $ 6 M ( 2%)$ 8 M (2%) Total Revenues $446 M $443 M Approved Proposed Update Outlays FY 17-18 FY 17-18 Budget Update Summary -Outlays Operating $150 M (40%)$152 M (40%) Net CIP $138 M (37%)$148 M (38%) Debt Service $ 83 M (22%)$ 82 M (21%) Other $ 4 M ( 1%) $ 4 M (1%) Total Outlays $375 M $386 M Major Revenue Components Include Fees/Charges and General Income Fees & Charges $340 M 76% General Income $100 M 22% Fees & Charges $333 M 75% General Income $102 M 23% Other $6 M 2% Other $8 M 2% Approved Revenues FY 17-18 = $446 Million Proposed Revenue Update FY 17-18 = $443 Million Revenue Mostly General User Fees Approved Update FY 17-18 FY 17-18 General User Fees $ 291 M $ 291 M Permit User Fees $ 12 M $ 13 M Assessments $ 19 M $ 19 M CFCC $ 18 M $ 10 M Total Fees & Charges $ 340 M $ 333 M Comparison of Annual Single Family Residential Rates(July 2016) $159 $327 $842 $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 LA C S D OR A L o m a IR W D Fr e s n o OC S D Ea s t B a y M U D Un i o n S a n i t a r y Du b l i n S a n R a m o n Sa c r a m e n t o Ci t y o f L A Ce n t r a l C o n t r a C o s t a Va l l e j o Sa n D i e g o Sa n F r a n c i s c o Do l l a r s p e r Y e a r General Income to Remain Fairly Flat Approved Update FY 17-18 FY 17-18 Property Tax Revenue $ 91 M $ 93 M Interest Revenue $ 9 M $ 9 M Total General Income $ 100 M $ 102 M Other $ 6 M $ 8 M OCSD Outlay Categories Approved Update FY 17-18 FY 17-18 Operating Expense $ 150 M $ 152 M Net CIP $ 138 M $ 148 M Debt Service $ 83 M $ 82 M Other $ 4 M $ 4 M Total Outlays $ 375 M $ 386 M Operating Expense SummaryFY 17-18 FY 17-18 Description Approved Update Salaries and Benefits $ 90.6 M $ 93.4 M Contractual Services 26.8 M 29.2 M Mat’ls & Supplies 17.4 M 15.8 M Repairs and Maintenance 16.2 M 16.0 M Utilities 10.2 M 7.9 M Other 8.1 M 9.0 M Cost Allocation -19.4 M -19.4 M Net Operating Expense $149.9 M $151.9 M Percentage Increase (Decrease)1.3% CIP Consists of Four Distinct TypesApprovedUpdate FY 17-18 FY 17-18 Replacement/Rehabilitation$ 84 M $ 98 M Improved Treatment $ 19 M $ 24 M Additional Capacity $ 30 M $ 28 M Support $ 20 M $ 17 M Total Outlays $ 153 M $ 167 M CIP Program Ten -Year Annual Outlays (in millions) $148 $169 $192 $234 $306 $332 $263 $275 $288 $251 $100 $150 $200 $250 $300 $350 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 No Additional Debt Issuances are Planned $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 2010 2015 2020 2025 2030 2035 2040 OUTSTANDING DEBT$100Ms Ten Year Cash Flow Summary FY 17-18 5-Yr 10-Yr Revenues $443 M $2.4 B $5.1 B Outlay $386 M $2.3 B $5.0 B Revenues Over Outlays $ 57 M $0.1 B $0.1 B Avg. Rate Incr.1.22%1.83%1.93% Res. Policy +$73M +144M +103M Questions?