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HomeMy WebLinkAbout10.a. (Handout) Fiscal Year 2012-13 Operations and Maintenance Budget and Debt Service Fund Budget►o.Q Nondoa)4), Agenda Item 1Oa. Fiscal Year 2012 -13 Operations and Maintenance Budget and Debt Service Fund Budget Presented by Provisional Finance Manager Thea Vassallo, CPA, CMA May 17, 2012 Central Contra Costa Sanitary District Major 0 &M Revenue Assumptions Sewer Service Charge - $371 $56.2M allocated to 0 &M @ $344 RUE City of Concord $10.8M allocated to 0 &M r O&M Expense Assumptions 1. $8.3m allocation for GASB 45 post retirement benefits ($3.8M to Trust, remainder is retiree health premiums) 2. Increase in Retirement Expense +13.79 3. Increases to Healthcare costs for active employees: Health Net +5.75% Kaiser +14.55% 4. Increases to Healthcare costs for retirees: Health Net +6.62% Kaiser +14.55% 5. Administrative Overhead percentage 123% (Of Capitalized Salary) 6. Vacancy Factors: 3% for Salaries 4% for Benefits TOTAL 0 &M REVENUES & EXPENSES 2012 - 2013 BUDGET (000 Omitted) Operations & Maintenance Revenues $70,236 Expenses $68,306 Revenues Over Expenses 1930 0 Operations and Maintenance 2011 - 2012 Budget Compared to 2012 - 2013 Budget (000 Omitted) 2011 -2012 2012 -2013 Budget Budaet Revenues $62,199 $70,236 Expenses 66.541 68.306 Revenues Over Expenses —(4,3421 L930 Projected O &M Reserves 06/30/13 $10,153 Sewer Service Charge Rate $302 $344 (O &M Portion Only) Total Sewer Service Charge $341 $371 % Increase (Decrease) KEY LABOR COSTS - 0 &M (000 Omitted) 2011 -2012 2012 -2013 Increase Salaries & Wages $25,712 $24,581 ($1,131) Salary Vacancy Factor (946) (689) 257 Retirement 11,184 13,549 2,365 Medical Insurance 7,904 9,093 1,189 Dental Insurance 868 860 (8) Workers' Compensation 499 488 (11) Benefit Vacancy Factor (1,040) (1,204) (164) Capitalized Adm. (3,778) (3,756) 22 Overhead OPEB Contribution 4,507 3,767 (740) All Other 2.362 2.326 (36) Total Labor Costs 547.272 $49.015 S1,74 12.9% 2.7% K KEY INCREASES - 0 &M EXPENSES 2011- 2012 PROJECTED TO 2012 - 2013 BUDGET (000 Omitted) Dollar Increase % Increase (Decrease) (Decrease) 2011.2012 Projected $63,961 Salaries (Includes 3% vacancy 69 0.3 factor) Benefits (Includes 4% vacancy 3,170 14.4 factor) Chemicals (36) (2.2) Utilities 1 Repairs IN Maintenance 76 2.1 Hauling 6 Disposal 6 .6 Professional & Legal 41 7.4 Outside Services 328 11.2 Self Insurance 0 Materials 8 Supplies 98 5.2 All Other 592 31.7 2012 -2013 Budget $68,306 6.8% KEY INCREASES - 0 &M EXPENSES 2011- 2012 BUDGET TO 2012 - 2013 BUDGET (000 Omitted) Dollar Increase %Increase (Decrease) (Decrease) 2011 -2012 Budget $66,541 Salaries (Includes 3% vacancy (874) (3.5) factor) Benefits (Includes 4 %vacancy 2,618 11.6 factor) Chemicals (190) (10.7) Utilities (636) (14.0) Repairs 8 Maintenance 116 3.3 Hauling & Disposal (49) (4.4) Professional (k Legal 50 9.3 Outside Services 331 11.4 Self Insurance 0 - Materials & Supplies 45 2.3 All Other 354 16.8 2012 -2013 Budget $68,306 2.7% 0 DEBT SERVICE 2012 - 2013 BUDGET (000) Omitted Revenue* $5,567 Debt Service Interest Expense 1,802 Principal Payments 3,765 TOTAL $5,567 *Total Budgeted Ad Valorem Tax is $12.9M, $5.3M is allocated to Debt Service Fund. Public Hearing June 7, 2012 • Approve and Adopt Budgets -Operations & Maintenance Budget - Debt Service Budget