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
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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
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$600
$800
$1,000
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$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?