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HomeMy WebLinkAboutPPP Item 11-2015-16 Budget Summary FY 2015- 16 Budget Update Summary Budget Update Summary Revenues Approved Revised FY 15-16 IF FY 15-16 Fees and Charges $322 M (73%) $320 M (74%) Property Taxes $ 82 M (19%) $ 88 M (20%) Other Assessments $ 20 M ( 5%) $ 21 M ( 5%) Interest $ 15 M ( 3%) $ 6 M ( 1%) Total Revenues $439 M $435 M Outlays Approved Revised j,&-- A& FY 15-16 A FY 15-16,fi Capital Improvements $205 M (46%) $175 M (42%) Operating $155 M (34%) $149 M (35%) Debt Service $ 87 M (19%) $ 92 M (22%) Other $ 4 M ( 1%) $ 4 M ( 1%) Total Outlays $451 M $420 M CIP Consists of Four Distinct Areas Approved Revised FY 15-15 FY 15-16 Replacement/Rehabilitation $ 121 M $ 90 M Improved Treatment $ 54 M $ 54 M Additional Capacity $ 19 M $ 22 M Support $ 11 M $ 9 M Capital Improvement Program $ 205 M $ 175 M Operating Expense Summary FY 15-16 FY 15-16 Description 4ma.. Approved Revised Salaries and Wages $ 64 M $ 66 M Benefits 36 M 29 M Operating Mat' Is & Supplies 16 M 17 M Contractual Services 25 M 24 M Repairs and Maintenance 13 M 12 M Utilities 8 M 8 M Other 10 M 10 M Cost Allocation -17 M -17 M Net Operating Requirements $155 M $149 M Percentage Increase -3.9% Rate Increases Have Dropped Fee Increase History - Percent 12% 10•0/ 8% 6% 4% 2% 0% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Comparison of SFR Rates (July 2014) ', 0 0 ', .00 00 411 O L 11 N 00 N ca Q 11 p m •- O 'dj 0 ', No Additional Debt Issuances Planned are $looms OUTSTANDING DEBT $1,600 $1,400 $1,200 $1,000 \ $800 $600 $400 $200 $0 2010 2015 2020 2025 2030 2035 2040 Questions