HomeMy WebLinkAbout97.Item 4 PPP 03-13-19 Admin Committee - BudgetRevenues & Reservesfor FY 2019-20 Budget Update
Administration Committee Meeting
March 13, 2019
Major Revenue Categories
Adopted Adopted
Revenues FY 18-19 FY 19-20
Fees & Charges $350 M $353 M
General Income $106 M $112 M
Other $ 15 M $ 13 M
Total Revenues $471 M $478 M
Fees and Charges Represent theLargest Component of Revenues
Fees & Charges
$353 M
74%
General
Income
$112 M
23%
Adopted Revenues
FY 18-19 = $471 Million Adopted Revenues
FY 19-20 = $478 Million
Other $13 M 3%
General
Income
$106 M
23%
Other $15 M 3%
Fees & Charges
$350 M
74%
Most OCSD Revenue is Related to
User Fees
Estimated Proposed
FY 18-19 FY 19-20
General User Fees $ 294 M $ 299 M
Permit User Fees $ 18 M $ 19 M
Assessments $ 24 M $ 21 M
Capital Fac. Capacity Charges $ 14 M $ 14 M
Total Fees & Charges $ 350 M $ 353 M
Company Fee % of TotalHouse Foods America $1,459,900 0.47%Stremicks Heritage Foods 914,889 0.29%Ameripec Inc.913,861 0.29%Kimberly-Clark Worldwide 782,327 0.25%Pulmuone Wildwood 569,845 0.18%Jazz Semiconductor 549,271 0.18%M C P Foods Inc.542,772 0.17%Nor-Cal Beverage 470,171 0.15%Brea Power II 429,048 0.14%
Van Law Food Products 369,090 0.12%Top Ten Total Fees & Charges $7,001,174 2.24%
Ten Largest Industrial Users
Represent only 2% of OCSD User Fees
Property Tax Revenue
Estimated Proposed
FY 18-19 FY 19-20
Property Taxes $ 100 M $ 105 M
Interest $ 6 M $ 7 M
Total General Income $ 106 M $ 112 M
Other $ 15 M $ 13 M
Debt Proceeds Vary as Needed to Support the CIP Program
No new money debt issuances are projected in the near term.
Non-Discretionary Reserves Million
1) Operating Expense –Dry Period $ 81
2) Debt Service –Dry Period $ 80
3) Debt Service Requirements $ 97
Discretionary Reserves
4) Operating Contingencies $ 16
5) Capital Improvement Program $ 133
6) Catastrophe Funds $ 57
7) Replacement/Refurbishment $ 64
TOTAL $528
FY 2018-19 Reserve Policy Summary
Discretionary Reserve Criteria
1) Operating Contingencies $ 16 M
2) Capital Improvement Program $ 133 M
3) Catastrophe Funds $ 57 M
4) Replacement/Refurbishment $ 64 M
Total $270 M
Total OCSD Asset Replacement Value $11 Billion
Percent Coverage <3%
OCSD Reserve Criteria Summary
Questions?