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
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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
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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?