HomeMy WebLinkAboutItem 13 PPP Operations Committee 5-3-17 - Budget Update OCSD
Budget Update
to Operations Committee
May 3 , 2017
Presenter:
Mike White
Controller
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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
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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%
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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 ?.
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