Loading...
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?