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%