HomeMy WebLinkAbout97.Item 4 PPP Admin Committee 03-14-18_Budget Update REVISED Revenues & Reserves
for Fiscal Years
2018 = 19 and 2019 =20
Administrative Committee Meeting
March 1412018
Revenues are Composed
of Four Major Categories
Estimated Proposed
RevanuPs FV 17_1 R FY 18-19 FY 19-20
Fees & Charges $314 M $321 M $326 M
General Income $102 M $110 M $119 M
Other / Interagency $ 32 M $ 37 M $ 44 M
Debt Proceeds $ 0 M $ 0 M $ 0 M
Total Revenues $448 M $468 M $489 M
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Fees and Charges Represent the
Largest Component of Revenues
Or General General
Income Income
$110 M $119 M
24% 24%
Other Other
$37M - 8% $44M - 9%
Fees & Charge Fees & Charges
$321 M $326 M
69% 67%
Proposed Revenues Proposed Revenues
FY 18-19 = $468 Million FY 19-20 = $489 Million .- t
General User Fees Collected on the Property
Tax Bill is the Largest Revenue Source
Proposed
FY 18-19 FY 19-20
General User Fees $ 296 M $ 300 M
Permit User Fees $ 13 M $ 13 M
Capital Facilities Capacity $ 12 M $ 13 M
Charges
Total Fees & Charges $ 321 M $ 326 M
0 M
Ten Largest Industrial Users
Represent < 3% of OCSD User Fees
Company Fee % of Total
House Foods America $1,328,,551 0.43%
Kimberly-Clark Worldwide 11139,233 0.36%
Cargill 11119,665 0.36%
Pulmuone Wildwood, Inc. 749,655 0.24%
Stremicks Heritage Foods 678,705 0.22%
MCP Foods, Inc. 676,563 0.22%
Schreiber Foods, Inc. 635,504 0.20%
Ameripec Inc. 593,679 0.19%
Jazz Semiconductor 549,292 0.18%
Nor-Cal Beverage 5381242 0.17%
Top Ten Total Fees & Charges $8,009,089 2.57%
Property Tax Rise with the Continuing
Economic Recovery
Proposed
IFY 18-19 FY 19-20
Property Taxes $ 98 M $ 103 M
Interest $ 12 M $ 16 M
Total General Income $ 110 M $ 119 M
Other / Interagency $ 37 M $ 44 M
,
Debt Proceeds Vary as Needed
to Support the CIP Program
No new money debt issuances
are projected in the near term .
Reserve Policy Summary
for Fiscal Year 2017-18
Non-Discretionary Reserves Million
1) Operating Expense — Dry Period $ 76
2) Debt Service — Dry Period $ 82
3) Debt Service Requirements $ 101
Discretionary Reserves
4) Operating Contingencies $ 15
5) Capital Improvement Program $ 123
6) Catastrophe Funds $ 57
7) Replacement/Refurbishment $ 66
TOTAL $520
� I
OCSD Reserve Criteria Summary
Discretionary Reserve Criteria
1) Operating Contingencies $ 15 M
2) Capital Improvement Program $ 123 M
3) Catastrophe Funds $ 57 M
4) Replacement/Refurbishment $ 66 M
Total $261 M
Total OCSD Assets $10 Billion
Percent Coverage 3%
Questions ?