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Home My WebLink AboutItem 9 PPP 05-01-2019 Operations Meeting - Budget Overview E 0 d �� , - Proposed FY 2019 =20 - W . Budget Operations Committee NONEf May 1 , 2019 7,-- , - Overview • FY 2019-20 Update • 2nd Year of 2-Year Adopted Budget • Stable Revenues • Expenses Include • Operating • Capital Improvement Program • Debt Service • Staffing — 4 New Positions (640 FTE) • No New Debt *All figures in millions unless otherwise noted Where the Money Comes From Adopted Proposed FY 2018-19 FY 2019-20 Other Revenue • Fees & Charges $ 350. 1 $ 346.4 $17.2 37%M Fe • Property Taxes 99.6 96. 1 $346.4 M es Interest 74.3% • Interest 6.5 6.5 $6.5 M Property Taxes 1.4% $96.1 M • Other Revenue 14.7 17.2 20.60 • Debt Proceeds 0.0 0.0 $ 470.9 $ 466.2 ExPENSV' Where the Money Goes Intradistrict Transfers Adopted Proposed $3.5 M 0.9% FY 2018-19 FY 2019-20 Debt servic $80.0 M • Operating Expenses $ 161 .2 $ 168.2 19.8% Operating Expenses • Capital Improvement Program 174.5 153.0 $168.2M '% 41.6% • Debt Service 80.5 80.0 Capital Improvement Program • Other Requirements 6. 1 3.5 $153.0 M 37.8% $ 422 .3 $ 404.7 _ ViM1 oehb� . OPERATING ExPENSES 2018-19 2019-20 2019-20 Category Adopted Adopted Proposed $168.2 M Salaries and Benefits $96.0 $98.2 $98.4 $161.2 M $160.2 M +5.0% Contractual Expenses 25.2 22.1 22.0 +10.4% Repairs and Maintenance 21 .7 19.3 23.5 $152.3 M -5.5% Operating Materials & Supplies 15.7 18.9 21 .0 Utilities 7.5 9.0 9.3 Professional Services 5.4 4.6 5.6 Adopted Projected 9 Adopted Proposed 0 Adopted Projected Adopted Proposed Other Materials, Supplies, Services 5.3 4.2 4.3 Total FY 18-19 & FY 19-20 Adopted Budgets $321 .4 Administrative Expenses 2.0 1 .9 2.0 Training and Meetings 1 .1 1 .0 1 .1 Total FY 18-19 Projected & Research and Monitoring 1 .1 1 .1 1 .1 FY 19-20 Proposed Budgets $320.5 Printing and Publications 0.3 0.3 0.3 Cost Allocation (20.1 ) (20.4) (20.4) Total Operating Expenses $161 .2 $160.2 $168.2 SPERATING ExPENSES Projected Adopted Update 18-19 19-20 19-20 Repairs & Maintenance $ 17.8 $ 19.3 $ 23.5 Materials & Services 14.5 15.8 19.8 Service Agreements 3.3 3.5 3.7 Operating Materials & Supplies $ 16.6 $ 18.9 $ 21 .0 Chemical Coagulants 6.9 8.4 10.4 Odor Control 6.5 7.4 7.4 Disinfection Chemicals 0.2 0.3 0.2 Tools & Safety Equipment 1 . 1 0.9 1 . 1 Lab. Chem. & Supplies 0.6 0.6 0.6 Gas, Diesel & Oil 0.6 0.6 0.6 Other 0.7 0.7 0.7 CAPITAL IMPROVEMENT PROGRAM CIP Categories Regulatory Treatment Projects $ 131 .0 9% Collection Projects 42.0 Additional Rehabilitation and Equipment 3.0 Capacity Replacement FY 2019-20 CIP Authority 176.0 11% 54% CIP Savings & Deferrals (23.0) Strategic FY2019-20 Net CIP $ 153.0 Initiatives 26% 10-Year Net CIP Outlay $ 2.8 Billion Ir ir DEBT ERVICE Summary of COP Issues: May 2010A New Money $ 80,000,000 August 2014A Refunding 71 ,330,000 November 2010C New Money 157,000,000 February 2015A Refunding 127,510,000 FY 2019-20 Debt September 2011A Refunding 75,370,000 Service March 2016A Refunding 145,880,000 $80.0 Million February 2012A Refunding 100,645,000 February 2017A Refunding 66,370,000 August 2012B Refunding 46,475,000 November 2018A Refunding 102,200,000 Total Outstanding COP Balance 7/1/19 $ 9729780,000 LIr Revenue Expenses Proposed Proposed FY 2019-20 FY 2019-20 Fees & Charges $ 346.4 Operating Expenses $ 168.2 Property Taxes 96. 1 Capital Improvement Program 153.0 Interest 6.5 Debt Service 80.0 Other Revenue 17.2 Other Requirements 3.5 $ 466.2 $ 404.7 L7p sib, uestQi ons ?