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HomeMy WebLinkAbout02. Approve expenditures incurred March 10, 2023 through April 13, 2023Item 2. May 4, 2023 T O: HO NO R A B L E B O A R D O F D I R E C TO R S F RO M :O L I V I A R UI Z , A C C O UNT I NG S UP E RV I S O R K E V I N MI Z UNO, F I NA NC E MA NA G E R RE V IE WE D B Y:P HI L I P L E I B E R , D E P UT Y G E NE R A L MA NA G E R R O G E R S. B A I L E Y, G E NE R A L MA NA G E R S UB J E C T: A P P R O V E E X P E ND I T UR E S I NC UR R E D MA R C H 10, 2023, T HR O UG H A P R I L 13, 2023 T his packet contains a listing of all payments issued by C entral San that have been reviewed and recommended f or B oard approval by the F inance C ommittee spanning the time frame of March 10, 2023, through A pril 13, 2023, as listed in the attached check register (A ttachment 1). T he F inance Committee, as part of developing their recommendation to approve the expenditures, conducts a more thorough review of p-card transactions. T his includes a review of more detailed supplemental P-C ard reports, which are not deemed necessary for the B oard's approval of the expenditures. A ccordingly, these supplemental P-C ard reports are not included with this B oard agenda item but can be provided upon request. Strategic Plan Tie-I n G O A L FO U R : G overnance and Fiscal R esponsibility Strategy 1 - Promote and uphold ethical behavior, openness, and accessibility, Strategy 3 - Maintain financial stability and sustainability AT TAC HM E NT S : D escription 1. E xpenditures-Replacement Sheet May 4, 2023 Regular Board Meeting Agenda Packet - Page 19 of 218 Page 1 of 2 Central San Agenda Item – Approve Expenditures The list of expenditures for approval at this meeting is available for review at the below listed location because it is too large for useful imaging within this electronic packet. We apologize for any inconvenience. Central Contra Costa Sanitary District 5019 Imhoff Place, Martinez Monday through Friday: 8:00 a.m. to 5:00 p.m. Please contact Katie Young, Secretary of the District, with any questions: Telephone: (925) 229-7303 Email: kyoung@centralsan.org Attachment 1 May 4, 2023 Regular Board Meeting Agenda Packet - Page 20 of 218 Page 2 of 2 Item 3. May 4, 2023 T O: HO NO R A B L E B O A R D O F D I R E C TO R S F RO M :K E V I N MI Z UNO, F I NA NC E MA NA G E R C HR I S TO P HE R T HO MA S , A C C O UNT I NG S UP E RV I S O R RE V IE WE D B Y:P HI L I P L E I B E R , D E P UT Y G E NE R A L MA NA G E R R O G E R S. B A I L E Y, G E NE R A L MA NA G E R S UB J E C T: R E C E I V E B UD G E T-TO-A C T UA L E X P E ND I T UR E O V E RV I E W T HR O UG H T HE MO NT H O F MA R C H 2023 Attached are the F iscal Year (F Y) 2022-23 B udget-to-A ctual E xpenditure Overviews for the Operations and Maintenance (O&M) and Sewer C onstruction funds through the month of March 2023. T hese monthly overview reports illustrate year-to-date spending compared to the estimated year-to-date budget at the fund level in order to provide a high-level overview of Central S an's fiscal perf ormance. W hile these monthly overviews provide a summary-level snapshot of Central S an's fiscal perf ormance, a more robust report is provided to the Board on a quarterly basis which summarizes financial results in more detail. W hile staf f considers the monthly overview reports to be materially accurate, it is emphasized that these are un-audited and may be subject to change following the completion of quarterly and year-end "hard close" procedures, as well as adjustments arising from the year-end independent audit. Strategic Plan Tie-I n G O A L FO U R : G overnance and Fiscal R esponsibility Strategy 3 - Maintain financial stability and sustainability AT TAC HM E NT S : D escription 1. B udget-to-A ctual E xpenditure Overview through March 2023 May 4, 2023 Regular Board Meeting Agenda Packet - Page 21 of 218 Page 1 of 3 $64.4M$85.0M$61.3M $- $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23O&M Fund Total FY 22‐23 YTD Expenses by MonthActualBudgetMay 4, 2023 Regular Board Meeting Agenda Packet - Page 22 of 218 Page 2 of 3 $103.1M$158.0M$75.8M$116.2M$38.1M $- $15,000,000 $30,000,000 $45,000,000 $60,000,000 $75,000,000 $90,000,000 $105,000,000 $120,000,000 $135,000,000 $150,000,000 $165,000,000Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23Sewer Construction Fund Total FY 22‐23 YTD Expenses by MonthBudget*Target**Actual*Total authorized spending (2022-23 budget plus unspent rollover appropriations from PY)**90% of total authorized spending (reduced by $28.9M per updated mid-year projections)May 4, 2023 Regular Board Meeting Agenda Packet - Page 23 of 218 Page 3 of 3