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HomeMy WebLinkAbout09.a. (Handout),r Agenda Item 9.a) Fiscal Year 2011 -12 Operations and Maintenance Budget and Debt Service Fund Budget Presented by Controller Debbie Ratcliff May 19, 2011 Central Contra Costa Sanitary District Revenue Assumptions Sewer Service Charge - $341 $302 allocated to 0 &M $39 allocated to Sewer Construction Total Budgeted Ad Valorem Tax $12.2 million $5.3m allocated to Debt Service Fund $6.9m allocated to Sewer Construction Fund r ff•4 (Yandaa-f) 1 �t Expense Assumptions $8.3m allocation for GASB 45 post retirement benefits ($4.5m to Trust, remainder is retiree health premiums) Retirement Expense - 9.17% increase in rate Increases to Healthcare costs for active employees: D Healthnet - 7.99% ➢ Kaiser - 16.00% Increases to Healthcare costs for retirees: ➢ Healthnet - 7.83% ➢ Kaiser - 6.1% Administrative Overhead percentage - 112% (Of Capitalized Salary) Vacancy Factors: 9 4 %for Salaries ➢ 4% for Benefits 1l; TOTAL DISTRICT REVENUE & EXPENSE 2011 - 2012 BUDGET (000 Omitted) Operations & Sewer Total District Maintenance Construction with $30 Rate Increase Revenues $62,199 $22,246 $84,445 Expenses $66,541 $25.914 $92,455 Revenues ($4,342) ($3,668) M10-101) Over Expenses . 0 6 C I Operations and Maintenance 2010 - 2011 Budget Compared to 2011- 2012 Budget (000 Omitted) 2010 -2011 2011 -2012 % Budoet Budoet Increase (Decrease) Revenues $62,326 $62,199 (.2 %) Expenses 62.966 66.541 5.7% Revenues Over Expenses (6401 (4,3421 Estimated Fund Balance $4 �& 06/30/12 Sewer Service Charge Rate $300 $302 (O &M Portion Only) Total Sewer Service Charge $311 $341 .i% KEY LABOR COSTS - OW (000 Omitted) 2010.2011 2011 -2012 Increase Budaet Budwt (Decrease) Salaries & Wages $25,543 $25,712 $169 Salary Vacancy Factor (705) (946) (241) Retirement 8,754 11,184 2,430 Medical Insurance 7,042 7,904 862 Dental Insurance 455 868 13 Workers'Compensallan 560 499 (61) Benefit Vacancy Factor (965) (1040) (75) Capitolbod Adm. (3,654) ,(3,778) (124) Overhead OPEB Contribution 4,325 4,507 182 All Other 2.571 2.762 (4941 Total Labor Costs $44.326 $47.272 $2346 3 KEY INCREASES 2010 - 2011 BUDGET TO 2011- 2012 BUDGET (000 Omitted) Dollar Increase (Decrease) % Increase (Decrease) 2010 -2011 Budget $62.966 Salaries (Includes 4% vacancy (72) (.29%) factor) Benefits (Includes 4% vacancy 3,018 15.5 factor) Chemicals 0 0 Utilities (87) (20) Repairs 8 Maintenance 34 1.0 Hauling & Disposal 54 5.3 r Professional & Legal 41 8.1 outside Services 778 36.4 Self Insurance 0 0 Materials & Supplies (13) (.72) All Other - (177) (7.8) 2011 -2012 Budget $66,542 5.68% DEBT SERVICE 2011 - 2012 BUDGET (000) Omitted Revenue $5,541 Debt Service Interest Expense 19919 Principal Payments 3,622 TOTAL $59541 .1.. N 0 3/ rf Public Hearing June 2, 2011 • Approve and Adopt Budgets • Pass Ordinance Setting SSC for FY 2011 - 12 and FY2012 -13 • Pass Resolution to Collect SSC on Tax Rolls 6.7