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Home My WebLink AboutItem 9 PPP Ops Committee 06-05-19 - Budget III ■ Wd WJ E Proposed FY 2019 =20 � � � � ■ W . Budget Overview NONE ys � Operations Committee June 5, 2019 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 o�` 1 Where the Money Comes From 2018-19 2019-20 2019-20 Other Revenue $13.9 M Category Adopted Adopted Proposed 3.0% Service Fees $318.0 $320.5 $318.4 Intradistrict Property Taxes 99.6 104.5 96.4 Transfers Permit User Fees 18.3 18.5 9.9 $5.0 M Fees &Charges Capital Facilities Capacity Charges 14.0 14.5 18.0 $346.3 M Interest 74.0% Interest 6.5 7.2 6.5 $6.5 M Property Taxes Intradistrict Transfers 3.7 3.5 5.0 1.4% $96.4 M 20.5% Debt Proceeds 0.0 0.0 0.0 Other Revenue 10.8 9.2 13.9 Total Funding Sources $470.9 $477.9 $468.1 jqw Comparison of Single Family Rates (July 2018) $1 ,000 $988 $900 SFR Rate for FY 2019-20 $800 $339 $700 Per 5-year Rate Plan Adopted in March 2018 $600 $4 or 1 .2% Increase $500 $400 $335 $300 0 o $200 $191 o o y $100 ° o N N 3 o m � o oLL U �' N U J 0 U- 0 2 w o 0 c.) 0 cn > in kk:7�,-,- ExPENSES Where the Money Goes 2018-19 2019-20 2019-20 Category Adopted Adopted Proposed Operating Expenses $161.2 $160.2 $168.2 Operating Other Expenses Capital Improvement Program 174.5 137.0 153.3 Requirements Expen Expen M Debt Service 80.5 80.0 76.8 34.3%$207.5 27 8% 4.3 Other Requirements* 6.1 6.0 207.5 Capital Total Funding Uses $422.3 $383.2 $605.8 Improvement *Other Requirements total includes Intradistrict Transfers, Self- Insurance, and Debt Service Program Allocation for Future Replacement, Rehabilitation & Refurbishment $76.8 M $153.3 M 12.6% 25.3% SPERATING ExPENSES Expenses by Department (in millions) $168.2 M 2018-19 2019-20 2019-20 Adopted Adopted Proposed $161.2 M $160.2 M +5.0% Department Budget Budget Budget +10.4% $152.3 M Administration Units: -5.5% General Manager's Office $4.6 $4.5 $5.0 I Human Resources 8.3 9.0 9.4 Administrative Services 21.1 19.5 19.7 2018-19 2018-19 2019-20 2019-20 Adopted Projected Adopted Proposed Sub-Total $34.0 $33.0 $34.1 Operating Units: Total FY 18-19 & FY 19-20 Adopted Budgets $321 .4 Environmental Services 18.0 18.4 17.8 Total FY 18-19 Projected & Engineering 3.8 3.8 6.6 FY 19-20 Proposed Budgets $320.5 Operations & Maintenance 105.4 105.0 109.7 Sub-Total $127.2 $127.2 $134.1 Total $161 .2 $160.2 $168.2 CAPITAL IMPROVEMENT PROGRAM CIP Categories Regulatory Treatment Projects $ 130.9 9% Collection Projects 42.4 R Additional Equipment 3.0 Capacity Rehabilitation and 11% � Replacement FY 2019-20 CIP Authority 176.3 54% CIP Savings & Deferrals (23.0) Strategic Initiatives FY 2019-20 Net C IP $ 153.3 26% 10-Year Net CIP Outlay $ 2.8 Billion CAPITAL IMPROVEMENT PROGRAM mActuaI MFY 2019-20 Proposed Net CIP OutlayfFY2018-19 Approved Net CIP Outlay $400 $350 $300 $250 c $200 0 $150 $100 $50 $_ ti00 ti°� ti� titi ti� ti� tip` ti� ti� tit ti� DEBT SERVICE Total Outstanding COP Balance 7/1/19 $ 9729780,000 Blended Interest Rate 3.05% FY 2019-20 Debt Service $ 76.8 M ` Zs DEBT SERVICE I zwi $looms OUTSTANDING DEBT $1,600 — $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 2010 2015 2020 2025 2030 2035 2040 No Additional Debt Issues are Planned LIr Revenue Expenses Proposed Proposed FY 2019-20 FY 2019-20 Fees & Charges $ 346.3 Operating Expenses $ 168.2 Property Taxes 96.4 Capital Improvement Program 153.3 Interest 6.5 Debt Service 76.8 Other Revenue 18.9 Other Requirements 7.5 $ 468. 1 405.8 Allocation for Future Replacement, Rehabilitation & Refurbishment 200.0 $ 605.8 L7p sib, uestQi ons ?