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Late Communication - Item No. 6 PPP 09-11-2024 Administration Committee - Financial Management Overview
9/11/2024 1 Financial Management Overview Administration Committee Presented by Ruth Zintzun, Finance Manager September 11, 2024 v Orange CountySanitation District70thAnniversary 2 General Counsel Office Board of Directors General Manager Operations & Maintenance –Operations &Maintenance Administration –Collection Facilities Operations & Maintenance –Fleet Services –Plant No. 1 Operations –Plant No. 2 Operations –Plant No. 1Maintenance –Plant No. 2 Maintenance Engineering –Engineering Administration –Planning –Project Management Office –Design –Construction Management Environmental Services –Environmental Services Administration –ResourceProtection –Environmental Laboratory & Ocean Monitoring –Environmental Compliance Human Resources –Human Resources Administration –Human Resources –Risk Management General Manager’s Office –General Management Administration Communications –Communications Administration –Board Services –Public Affairs Administrative Services –Administrative Services Administration –Financial Management –Contracts, Purchasing & Materials Management –Information Technology EngineeringEnvironmental Services Human Resources General Manager’s Office CommunicationsAdministrative Services 1 2 9/11/2024 2 v Orange CountySanitation District70thAnniversary 3 Financial Management Financial Reporting and Accounts Payable Payroll and Revenue Budget and Planning Real Estate Debt and Treasury v Orange CountySanitation District70thAnniversary 4 •Monthly, Quarterly and Annual Reports •Financial Analysis •Fiscal Transparency •30 years of Certificate of Achievement for Excellence in Financial Report •Transaction recording •750+ journal entries per year 3 4 9/11/2024 3 v Orange CountySanitation District70thAnniversary 5 Receive vendor invoices Obtain approvals Review detailsEnter in finance system Invoice Payment $377+ million in payments to vendors Over 20,000 invoices paid v Orange CountySanitation District70thAnniversary 6 5 6 9/11/2024 4 v Orange CountySanitation District70thAnniversary Sewer Service Fees • Annual Sewer fee update, $347 million • Rebate Program for non-residential customers, average 200 requests per month • Customer service 7 Accounts Receivable • Invoice OC San customers and other agencies • Industrial Wastewater Discharge Program Annual Reconciliation • Focus on aging to minimize delinquent accounts Capital Facilities Capacity Charges • Communicate with 22 local agencies • Provide CFCC calculations • Review monthly remittances v Orange CountySanitation District70thAnniversary •Bi‐Annual Budget •Operating •Capital Improvement Program •Debt Service •Budget Update •Capital Asset Tracking •7,000+ assets 8 Operating $233M Capital $223M Debt $61M Other $8M Total Expenses ‐$525M 7 8 9/11/2024 5 v Orange CountySanitation District70thAnniversary •Develop and monitor project schedules •Budget •Schedule •Duration •Stakeholder communication •Annual project validation 9 $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 Mil l i o n s 10-Year Net CIP: $3.25B v Orange CountySanitation District70thAnniversary $0 $100 $200 $300 $400 $500 $600 $700 20 2 4 ‐25 20 2 5 ‐26 20 2 6 ‐27 20 2 7 ‐28 20 2 8 ‐29 20 2 9 ‐30 20 3 0 ‐31 20 3 1 ‐32 20 3 2 ‐33 20 3 3 ‐34 20 3 4 ‐35 20 3 5 ‐36 20 3 6 ‐37 20 3 7 ‐38 20 3 8 ‐39 20 3 9 ‐40 Mi l l i o n s 10 •Payments •Reporting •Compliance •Outstanding debt – $606 Million •No new debt planned •All debt to be paid off by 2040 9 10 9/11/2024 6 v Orange CountySanitation District70thAnniversary •Short & long‐term investment portfolios •All banking transactions •California Government Code compliance •Quarterly reporting 11 v Orange CountySanitation District70thAnniversary 12 Easements • Over 600 easements • Tracking • Research • Transfers • Acquisition • Temporary construction • Permanent access Land acquisition Property Management • Tenant requests • Rental increases Special Projects 11 12 9/11/2024 7 v Orange CountySanitation District70thAnniversary CFCC Program Review 13 Credit Card Payments Upgrade Payroll System Monitor debt for refunding opportunities Easement Inventory Budget Update 1954 - 2024 Orange County Sanitation District70thAnniversary Questions? 14 13 14