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HomeMy WebLinkAbout08.a. (Handout) Fiscal Year 2013-14 O&M Budget; and the Fiscal Year 2013-14 Debt Service Fund BudgetFiscal Year 2013 -14 Operations and Maintenance Budget and Debt Service Fund Budget Presented by Finance Manager Thea Vassallo, CPA, CMA May 16, 2013 L Central Contra Costa Sanitary District 1 .04 .1 �O, 0 &M Revenue Assumptions • Sewer Service Charge - $405 $59.5M allocated to 0 &M @ $365 RUE • City of Concord $12.8M allocated to 0 &M 0 &M Expense Assumptions 1. $8.1M allocation for GASB 45 post retirement benefits (retiree health premiums, remainder of $3.4M to Trust) 2. $S.OM early pay down of CCCERA UAAL 3. Increase in Retirement Expense +3.50% 4. Increases to Healthcare costs for active employees: Health Net +9.20% Kaiser +2.88% 5. Increases to Healthcare costs for retirees: Health Net +6.06% Kaiser +2.11% 6. Administrative Overhead percentage 135% (Of Capitalized Salary) 7. Vacancy Factors: 2% for Salaries 3% for Benefits 3 TOTAL 0 &M REVENUES & EXPENSES 2013 - 2014 BUDGET (000 Omitted) Operations & Maintenance Revenues $75,152 Expenses $77,825 Expenses Over Revenues $ (2,673) 4 9 Operations and Maintenance 2012 - 2013 Budget Compared to 2013 - 2014 Budget (000 Omitted) 2012 -2013 2013 -2014 % Increase Budget Budget (Decrease) Revenues $70,236 $75,152 7.0% Expenses 68.306 77.825 13.9% Revenues Over Expenses 1.930 —(2,6731 Projected 0 &M Reserves 06/30/14 $6,652 Sewer Service Charge Rate $344 $365 (0 &M Portion Only) Total Sewer Service Charge $371 $405 5 5 KEY LABOR COSTS - 0 &M (000 Omitted) 2012 -13 BudgSt 2013 -14 BudgM (Decrease) Increase Salaries & Wages $24,581 $27,232 $2,651 `= Salary Vacancy Factor (689) (510) 179 Retirement 13,549 20,641 — 1 - -- 7,092 — Medical insurance 9,093 9,735 642 Dental Insurance 860 913 53 Workers' Compensation 488 585 97 Benefit Vacancy Factor (1,204) (1,135) 69 Capitalized Adm. (3,756) (4,124) (368) Overhead OPEB Contribution 3,767 3,384 (383) All Other 2,326 2,571 245 Total Labor Costs _112,015 $59.292 $10,277 6 n KEY INCREASES - OW EXPENSES 2012 - 2013 PROJECTED TO 2013 - 2014 BUDGET (000 Omitted) Dollar Increase % Increase (Decrease) (Decrease) 2012 -2013 Projected $69,811 Salaries (includes 2% vacancy factor) 2,236 9.1 Benefits (Includes 3% vacancy factor) 6,360 24.3 Chemicals 69 4.6 Utilities (608) (11.0) Repairs & Maintenance 75 2.0 Hauling & Disposal 60 4.8 Professional & Legal (116) (19.4) Outside Services (108) (3.6) Self Insurance (280) (29.4) Materials dr Supplies 132 7.0 All Other 70 3.8 2013 -2014 Budget $77,828 11.8% 7 KEY INCREASES - 0 &M EXPENSES 2012 - 2013 BUDGET TO 2013 - 2014 BUDGET (000 Omitted) Dollar Increase % Increase (Decrease] (Decrease) 2012 -2013 Budget $68,306 Salaries (Includes 2% vacancy factor) 2,830 :L-9 Benefits (Includes 3% vacancy factor) 7,446 29.6 Chemicals (20) (12) Utilities 212 5.4 Repairs & Maintenance 121 3.3 Hauling & Disposal 61 5.8 Professional & Legal (1J4) (19.2) Outside Services (447) (13.8) Self Insurance (250) (29.4) Materials & Supplies 46 2.3 All Other (366) (14.9) 2013 -2014 Budget 577.825 13.9% 8 n DEBT SERVICE 2013 - 2014 BUDGET (000) Omitted Revenue* $5,589 Debt Service Interest Expense 1,704 Principal Payments 3,885 Expense $5,589 *Total budgeted Ad Valorem Tax is $13.7M; $5.6M is allocated to Debt Service Fund. 9 I Public Hearing June 20, 2013 • Approve and Adopt Budgets -Operations & Maintenance Budget - Debt Service Budget 10 10 Questions ?? 11 11