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HomeMy WebLinkAboutPPP ReservesAndCashMgmt Ops May 2014 ORANGE COUNTY SANITATION DISTRICT 1954-2014 Financial Management Revenues and Reserves r .. . . - County Sanitation . you. 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. h1k\ SANIAVON DISTRICT 1954-2014 Questions we're here for you. t orange county sanitation Distric