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HomeMy WebLinkAboutItem 4 PPP 03-11-2020 Admin Committee - Budget Revenue OverviewRevenues & Reserves Fiscal Years2020-21 and 2021-22 Wally Ritchie, Controller Administration Committee March 11, 2020 Four Major Revenue Categories Estimated ProposedRevenues FY 19-20 FY 20-21 FY 21-22 Fees & Charges $326 M $332 M $337 M General Income $103 M $105 M $108 M Other / Interagency $ 39 M $ 48 M $ 50 M Debt Proceeds $ 0 M $ 0 M $ 0 M Total Revenues $468 M $485 M $495 M Fees and Charges areMajority of Revenues Fees & Charges, $332 , 68% General Income, $105 , 22% Other / Interagency, $48 , 10% Proposed Revenues FY 2020-21 $485M Fees & Charges, $337 , 68% General Income, $108 , 22% Other / Interagency, $50 , 10% Proposed Revenues FY 2021-22 $495M General User Fees Collected on the Property Tax Bill is the Largest Revenue Source Proposed FY 20-21 FY 21-22 General User Fees $ 303 M $ 308 M Permit User Fees $ 10 M $ 10 M Capital Facilities Capacity $ 19 M $ 19 M Charges (CFC) Total Fees & Charges $ 332 M $ 337 M Top Ten Industrial Users Company Fee % of Total House Foods America $1,423,273 0.45%Ameripec Inc. 752,128 0.24%Stremicks Heritage Foods 747,890 0.24%Pulmuone Wildwood, Inc.681,048 0.21%Kimberly-Clark Worldwide, Inc.651,129 0.20%Jazz Semiconductor 578,150 0.18%Nor-Cal Beverage 505,790 0.16%Dae Shin USA Inc.471,401 0.15%MCP Foods, Inc. 414,959 0.13%Broncs Inc. dba Westcoast Textiles 355,395 0.11% Top Ten Total Fees & Charges $6,581,163 2.07% General & Other Income Proposed FY 20-21 FY 21-22 Property Taxes $ 99 M $ 102 M Interest $ 6 M $ 6 M Total General Income $ 105 M $ 108 M Other / Interagency $ 48 M $ 50 M Debt Proceeds to Support CIP Program No new money debt issuances are projected in the near term. Reserve Policy Summary for Fiscal Year 2019-20 Non-Discretionary Reserves Million 1) Operating Expense –Dry Period $ 84 2) Debt Service –Dry Period $ 77 3) Debt Service Requirements $ 94 Sub-Total $ 255 Discretionary Reserves 4) Operating Contingencies $ 17 5) Capital Improvement Program $ 137 6) Catastrophe Funds $ 57 7) Replacement/Refurbishment $ 64 Sub-Total $ 275 TOTAL $530 OCSD Reserve Criteria Summary Discretionary Reserve Criteria 1) Operating Contingencies $ 17 M 2) Capital Improvement Program $ 137 M 3) Catastrophe Funds $ 57 M 4) Replacement/Refurbishment $ 64 M Total $275 M Total OCSD Assets $11 B Percent Coverage 2.5%