HomeMy WebLinkAboutPPP ReservesAndCashMgmt Ops May 2014 ORANGE COUNTY
SANITATION DISTRICT
1954-2014
Financial Management
Revenues and Reserves
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Revenues are Composed
of Four Major Categories.
Estimated Proposed
Revenues FY 13-14 FY 14-15 FY 15-16
Fees & Charges $305 M $314 M $321 M
General Income $ 90 M $ 96 M $ 100 M
Other / Interagency $ 23 M $ 23 M $ 24 M
Debt Proceeds $ O M $ O M $ O M
Total Revenues $418 M $433 M $445 M
Fees and Charges Represent the
Largest Component of Revenues
i
Fees & Charges General
$314 M Income
Other
73% $100 M
23%
$23 M, 5% Other
General Fees & Charges $24 M, 5%
Income $321 M
$96 M 72%
22%
Proposed Revenues Proposed Revenues
FY 14-15 = $433 Million FY 15-16 = $445 Million
General Fees & Permit Fees Increase
Capacity Charges Remain Flat
Proposed
FY 14-15 FY 15-16
General User Fees $ 293 M $ 300 M
Permit User Fees $ 12 M $ 12 M
Capital Facilities Capacity $ 9 M $ 9 M
Charges
Total Fees & Charges $ 314 M $ 321 M
Interagency and Interest Income is Flat
Property Tax Rise with the Continuing
Economic Recovery
Proposed
FY 14-15 FY 15-16
Property Tax $ 77 M $ 81 M
Interest $ 19 M $ 19 M
Total General Income $ 96 M $ 100 M
Other / Interagency $ 23 M $ 24 M
No New Money Debt Issuances are Projected
in the Near Term
$looms OUTSTANDING DEBT
$1,600
$1,400
$1,200
$1,000
$800
$600
$400
$200
$0
2010 2015 2020 2025 2030 2035 2040
Reserves
Seven Major Criteria
a) Dry Period Cash Flow 50% of the Operating Budget
b) Operating Contingencies 10% of the Operating Budget
c) Dry Period Debt Service 100% of Debt Service Requirement
d) Capital Improvement 50% of Average CIP Balance
e) Debt Service 10% of Outstanding COPs
f) Catastrophe Funds $57 million
g) Replace/Refurb. 30% of Capital Asset Repl . Value
Funds Management
a) PIMCO — District's Investment Manager, responsible for the
day-to-day investing of the District's investment portfolio in
accordance with the Board Adopted Investment Policy.
b) Callan — Investment Advisor, responsible for reviewing and
reporting the results of the investment performance.
c) BNY Mellon — The custodian bank responsible for the custody
and recordkeeping of the District's investment portfolio.
c) LAIF — State Local Agency Investment Fund used by the District
to fund its weekly vendor and/or payroll payments.
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SANIAVON DISTRICT
1954-2014
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