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HomeMy WebLinkAboutLate Communication - Item No. 6 PPP 09-11-2024 Administration Committee - Financial Management Overview9/11/2024 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