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HomeMy WebLinkAboutPPP Comm Budget 6-04-14 ORANGE COUNTY SANRATION C)ISIRICT ki 1954-2014 Biennium Budget Summary FY 2014 15 and 2015" 16 Proposed Budget Summary Revenues FY 14-15 FY 15-16 Fees and Charges $314 M (74%) $322 M (73%) Property Taxes $ 78 M (18%) $ 82 M (19%) Assessments $ 17 M ( 4%) $ 16 M ( 4%) Interest/Other $ 18 M ( 4%) $ 19 M ( 4%) Total Revenues $427 M $439 M Outlays Operating $152 M (27%) $155 M (34%) CIP/RRR $189 M (34%) $207 M (46%) Debt Service $ 86 M (38%) $ 87 M ( 19%) Other $ 2 M ( 1%) $ 2 M ( 1%) L-T Liability Reduction $125 M (38%) $ 0 M ( 19%) nmmmm= Outlays $554 M $451 M Major Revenue Components Include Fees/Charges and General Income i Fees & ChargesGFees General $314 M Income Other 74% $97 M $22 M 23% Other General $20 M rges s°i°Income$91 M 21 % Proposed Revenues Proposed Revenues FY 14-15 = $427 Million FY 15-16 = $439 Million Most OCSD Revenue is Related to User Fees Proposed i FY 14-15 FY 15-16 General User Fees $ 289 M $ 296 M Permit User Fees $ 14 M $ 14 M Capital Facilities Capacity Charges $ 11 M $ 12 M Total Fees & Charges $ 314 M $ 322 M Comparison of SFR Rates (July 2013) $700 $701 $600 $500 a $400 L c $300 0 $200 $195 $100 $0 14 a •range County Sanitation District We're here for you. Property Tax Revenue will rise with the Continuing Economic Recovery Interagency and Interest Income is Flat Proposed i1ML FY 14-15 FY 15-16 Property Tax $ 78 M $ 82 M Interest $ 13 M $ 15 M Total General Income $ 91 M $ 97 M Other / Interagency $ 22 M $ 21 M /— OCSD Outlays fall Into these Categories . Proposed FY 14-15 FY 15-16 Operating Expenses $ 153 M $ 155 M Capital Improvement/RRR Outlays 188 M 207 M Debt Service 86 M 87 M Self-Insurance 2 M 2 M Long-Term Liability Reduction 125 M 0 M Total Outlays $ 554 M $ 451 M /_ Proposed Operating Expense Summary Description FY 13-14 FY 14-15 FY 15-16 Approved Proposed Proposed Salaries and Wages $ 65.4 M $ 63.5 M $ 64.2 M Benefits 32.6 M 35.7 M 36.4 M Operating Mat'Is & Supplies 16.9 M 15.8 M 16.3 M Contractual Services 27.0 M 27.5 M 27.6 M Repairs and Maintenance 11.2 M 13.1 M 12.9 M Utilities 7.7 M 7.4 M 7.8 M Other 6.7M 6.2M 6.7M Cost Allocation -18.2 M -16.7 M -16.9 M Net Operating Requirements $149.3 M $152.5 M $155.0 M Percentage Increase 2.1% 1.6% CIP Consists of Four Distinct Areas Proposed FY 14-15 FY 15-16 Replacement/Rehabilitation $ 103.6 M $ 123.6 M Improved Treatment $ 58.8 M $ 53.8 M Additional Capacity $ 16.9 M $ 19.0 M Support $ 9.3M $ 10.8 M Capital Improvement Program $ 188.6 M $ 207.2 M No Additional Debt Issuances are Planned $looms OUTSTANDING DEBT $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 2010 2015 2020 2025 2030 2035 2040 pRANc,EC0UNV SANRATION DISTRICT lb 1954-2014 QUeStionsa