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HomeMy WebLinkAbout96.Item 9 PPP Admin Committee 06-12-19 - BudgetProposed FY 2019-20 Budget Overview Administration Committee June 12, 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 Category 2018-19 Adopted 2019-20 Adopted 2019-20 Proposed Service Fees $318.0 $320.5 $318.4 Permit User Fees 18.3 18.5 9.9 Capital Facilities Capacity Charges 14.0 14.5 18.0 Property Taxes 99.6 104.5 96.4 Interest 6.5 7.2 6.5 Intradistrict Transfers 3.7 3.5 5.0 Debt Proceeds 0.0 0.0 0.0 Other Revenue 10.8 9.2 13.9 Total Funding Sources $470.9 $477.9 $468.1 Fees & Charges $346.3 M 74.0% Property Taxes $96.4 M 20.5% Interest $6.5 M 1.4% Intradistrict Transfers $5.0 M 1.1% Other Revenue $13.9 M 3.0% REVENUE -RATES Comparison of Single Family Rates (July 2018) $191 $335 $988 $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000 LA C S D Or o Lo m a IR W D Fr e s n o OC S D Ha y w a r d Un i o n Ea s t Ba y MU D Du b l i n S a n R a m o n Sa c r a m e n t o Ci t y o f L A Ce n t r a l C o n t r a C o s t a Sa n D i e g o Va l l e j o Sa n F r a n c i s c o SFR Rate for FY 2019-20 $339 Per 5-year Rate Plan Adopted in March 2018 $4 or 1.2% Increase EXPENSES Where the Money Goes Category 2018-19 Adopted 2019-20 Adopted 2019-20 Proposed Operating Expenses $161.2 $160.2 $168.2 Capital Improvement Program 174.5 137.0 153.3 Debt Service 80.5 80.0 76.8 Other Requirements*6.1 6.0 207.5 Total Funding Uses $422.3 $383.2 $605.8 *Other Requirements total includes Intradistrict Transfers, Self - Insurance, and Allocation for Future Replacement, Rehabilitation & Refurbishment Operating Expenses $168.2 M 27.8% Capital Improvement Program $153.3 M 25.3% Debt Service $76.8 M 12.6% Other Requirements $207.5 34.3% OPERATING EXPENSES $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 Expenses by Department (in millions) Department 2018-19 Adopted Budget 2019-20 Adopted Budget 2019-20 Proposed Budget Administration Units: General Manager's Office $4.6 $4.5 $5.0 Human Resources 8.3 9.0 9.4 Administrative Services 21.1 19.5 19.7 Sub-Total $34.0 $33.0 $34.1 Operating Units: Environmental Services 18.0 18.4 17.8 Engineering 3.8 3.8 6.6 Operations & Maintenance 105.4 105.0 109.7 Sub-Total $127.2 $127.2 $134.1 Total $161.2 $160.2 $168.2 CAPITAL IMPROVEMENT PROGRAM CIP Categories Treatment Projects 130.9$ Collection Projects 42.4 Equipment 3.0 FY 2019-20 CIP Authority 176.3 CIP Savings & Deferrals (23.0) FY 2019-20 Net CIP 153.3$ 10-Year Net CIP Outlay $ 2.8 Billion CAPITAL IMPROVEMENT PROGRAM $- $50 $100 $150 $200 $250 $300 $350 $400 Mi l l i o n s Actual FY 2019-20 Proposed Net CIP Outlay FY2018-19 Approved Net CIP Outlay DEBT SERVICE Total Outstanding COP Balance 7/1/19 $ 972,780,000 Blended Interest Rate 3.05% FY 2019-20 Debt Service $ 76.8 M DEBT SERVICE $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 2010 2015 2020 2025 2030 2035 2040 OUTSTANDING DEBT$100Ms No Additional Debt Issues are Planned SUMMARY Revenue Proposed FY 2019-20 Fees & Charges $ 346.3 Property Taxes 96.4 Interest 6.5 Other Revenue 18.9 $ 468.1 Expenses Proposed FY 2019-20 Operating Expenses $ 168.2 Capital Improvement Program 153.3 Debt Service 76.8 Other Requirements 7.5 405.8Allocation for Future Replacement, Rehabilitation & Refurbishment 200.0 $ 605.8 Questions?