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Home My WebLink About97.Item 7 PPP 05-08-2019 Admin Meeting - Budget Overview FULLProposed FY 2019-20 Budget Overview Administration Committee May 8, 2019 Overview •FY 2019-20 Update •2nd Year of 2-Year Adopted Budget •Stable Revenues •Expenses Include •Operating •Capital Improvement Program •Debt Service •Staffing –4 New Positions (640 FTE) •No New Debt *All figures in millions unless otherwise noted REVENUE Where the Money Comes From Adopted Proposed FY 2018-19 FY 2019-20 •Fees & Charges $ 350.1 $ 346.4 •Property Taxes 99.6 96.1 •Interest 6.5 6.5 •Other Revenue 14.7 17.2 •Debt Proceeds 0.0 0.0 $ 470.9 $ 466.2 Fees & Charges $346.4 M 74.3%Property Taxes $96.1 M 20.6% Interest $6.5 M 1.4% Other Revenue $17.2 M 3.7% Operating Expenses$168.2 M41.6% Capital Improvement Program$153.0 M 37.8% Debt Service$80.0 M19.8% Other Requirements$3.5 M 0.9% EXPENSES Where the Money Goes Adopted Proposed FY 2018-19 FY 2019-20 •Operating Expenses $ 161.2 $ 168.2 •Capital Improvement Program 174.5 153.0 •Debt Service 80.5 80.0 •Other Requirements 6.1 3.5 $ 422.3 $ 404.7 OPERATING EXPENSES Category 2018-19 Adopted 2019-20 Adopted 2019-20 Proposed Salaries and Benefits $96.0 $98.2 $98.4 Contractual Expenses 25.2 22.1 22.0 Repairs and Maintenance 21.7 19.3 23.5 Operating Materials & Supplies 15.7 18.9 21.0 Utilities 7.5 9.0 9.3 Professional Services 5.4 4.6 5.6 Other Materials, Supplies, Services 5.3 4.2 4.3 Administrative Expenses 2.0 1.9 2.0 Training and Meetings 1.1 1.0 1.1 Research and Monitoring 1.1 1.1 1.1 Printing and Publications 0.3 0.3 0.3 Cost Allocation (20.1)(20.4)(20.4) Total Operating Expenses $161.2 $160.2 $168.2 $161.2 M $152.3 M $160.2 M $168.2 M 2018-19Adopted 2018-19Projected 2019-20Adopted 2019-20Proposed -5.5% +10.4% +5.0% Total FY 18-19 & FY 19-20 Adopted Budgets $321.4 Total FY 18-19 Projected & FY 19-20 Proposed Budgets $320.5 OPERATING EXPENSES Projected Adopted Update 18-19 19-20 19-20 Repairs & Maintenance $ 17.8 $ 19.3 $ 23.5 Materials & Services 14.5 15.8 19.8 Service Agreements 3.3 3.5 3.7 Operating Materials & Supplies $ 16.6 $ 18.9 $ 21.0 Chemical Coagulants 6.9 8.4 10.4 Odor Control 6.5 7.4 7.4 Disinfection Chemicals 0.2 0.3 0.2 Tools & Safety Equipment 1.1 0.9 1.1 Lab. Chem. & Supplies 0.6 0.6 0.6 Gas, Diesel & Oil 0.6 0.6 0.6 Other 0.7 0.7 0.7 CAPITAL IMPROVEMENT PROGRAM CIP Categories Treatment Projects 131.0$ Collection Projects 42.0 Equipment 3.0 FY 2019-20 CIP Authority 176.0 CIP Savings & Deferrals (23.0) FY 2019-20 Net CIP 153.0$ 10-Year Net CIP Outlay $ 2.8 Billion Rehabilitation and Replacement54% Strategic Initiatives26% Additional Capacity 11% Regulatory9% DEBT SERVICE Summary of COP Issues: May 2010A New Money $ 80,000,000 August 2014A Refunding 71,330,000 November 2010C New Money 157,000,000 February 2015A Refunding 127,510,000 September 2011A Refunding 75,370,000 March 2016A Refunding 145,880,000 February 2012A Refunding 100,645,000 February 2017A Refunding 66,370,000 August 2012B Refunding 46,475,000 November 2018A Refunding 102,200,000 Total Outstanding COP Balance 7/1/19 $ 972,780,000 FY 2019-20 Debt Service $80.0 Million SUMMARY Revenue Proposed FY 2019-20 Fees & Charges $ 346.4 Property Taxes 96.1 Interest 6.5 Other Revenue 17.2 $ 466.2 Expenses Proposed FY 2019-20 Operating Expenses $ 168.2 Capital Improvement Program 153.0 Debt Service 80.0 Other Requirements 3.5 $ 404.7 Questions?