Loading...
HomeMy WebLinkAboutItem 13 PPP Operations Committee 5-3-17 - Budget Update OCSD Budget Update to Operations Committee May 3 , 2017 Presenter: Mike White Controller ■ Budget Development Key Meeting dates - Admin . Comm . • FY 17-18 Budget Assumptions February • Review of Revenues & Reserves March • Review of Expenditures April • Review of CIP May • Presentation of Proposed Budget June EM Budget Development Key Meeting Dates - Operations Comm . • Budget Overview May • Presentation of Proposed Budget Update June Budget Development Key Meeting Dates - Board Meeting • Approval of FY 17- 18 Budget Update June Revenues are Composed of Four Major Categories Approved Ro��anuac FY 16-3 7 FY 17-18 Fees & Charges $311 M $321 M General Income $ 96 M $100 M Other / Interagency $ 23 M $ 21 M Debt Proceeds $ 0 M $ 0 M Total Revenues $430 M $44Z M ■ Fees and Charges Represent the Largest Component of Revenues Or General General Income Income $96 M $100 M 22% 22% Other Other $23M - 6% $21 M - 5% Fees & Charge Fees & Charges-,or $311 M $321 M 72% 73% Approved Revenues Approved Revenues FY 16-17 = $430 Million FY 17-18 = $442 Million Reserve Policy Summary for Fiscal Year 2017-18 Non-Discretionary Reserves Million 1) Operating Expense — Dry Period $ 75 2) Debt Service — Dry Period $ 83 3) Debt Service Requirements $ 103 Discretionary Reserves 4) Operating Contingencies $ 15 5) Capital Improvement Program $ 118 6) Catastrophe Funds $ 57 7) Replacement/Refurbishment $ 67 TOTAL $518 Operating Expenses Proj. Adopted Update % 16-17 17-18 17-18 Incr. Salaries & Benefits $ 87.2 $ 90.6 $ 93.4 3. 1% Operating Matl's & Supplies 18. 1 21. 1 20.2 -4.0% Contractual & Prof. Services 27.9 26.8 29.2 9.0% Repairs & Maintenance 13.6 16.2 16.0 -1.2% Utilities 6.9 10.2 7.9 -22.5% Administration 2.8 3.5 3.7 5.7% Research & Monitoring 0.8 0.9 0.9 0.0% Cost Allocation ( 19.0) ( 19.4) ( 19.4) 0.0% Net Operating Costs $138.3 $149.9 $151.9 1.3% JN,4 SANIiAT/o 4. N 2 � 9 C+ ti 9aj ��2 FCr'NC THE ENV`Q�P Proposed Budget Summary Revenues FY 16-17 FY 17-18 Fees and Charges $331 M (76%) $340 M (76%) General Income $ 96 M (22%) $100 M (23%) Other $ 8 M ( 2%) $ 6 M ( 1%) Total Revenues $435 M $446 M Outlays FY 16-17 FY 17-18 Operating $146 M (31%) $152 M (37%) Net CIP/RRR $171 M (36%) $167 M (41%) Debt Service $ 87 M (18%) $ 83 M (21%) Other $ 6 M ( 1%) $ 4 M ( 1%) L-T Liability Reduction $ 65 M ( 14%) $ 0 M ( 0%) Total Outlays $475 M $406 M 11 Questions ?. 4 � N 9 n h THE ENv\Po�