HomeMy WebLinkAbout08.a. (Handout) Receive the Fiscal Year 2014-15 Operations and Maintenance Budget; and the Fiscal Year 2014-15 Debt Service Fund Budget8.a.
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Fiscal Year 2014 -15
Operations and Maintenance Budget
and
Debt Service Fund Budget
Presented by
Finance Manager
Thea Vassallo, CPA, CMA
May 15, 2014
Central Contra Costa Sanitary District
Protecting Public Health and the Environment
O &M Revenue Assumptions
• Sewer Service Charge = $439
$69.4M allocated to O &M
• City of Concord
$13.5M allocated to O &M
• All Other - $3.3M
O &M Expense Assumptions
1. $5.OM early pay down of CCCERA UAAL
2. Increase in CCCERA Prefund $4.3M
FY 2013 -14 $16.2M vs $20.5M for FY 14 -15
3. Increases to Healthcare costs for active employees:
Health Net +9.50%
Kaiser +7.52%
4. Increases to Healthcare costs for retirees:
Health Net +6.51%
Kaiser +6.28%
5. $8.1 M allocation for GASB 45 Other Post - Employment Benefits (OPEB)
($5.3M retiree health premiums, remainder of $2.8M to Trust)
6. $1.OM TV Inspection Program moved from Capital to O &M
7. Vacancy Factors:
2% for Salaries
3% for Benefits
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Total Operations and Maintenance
Revenuesand Expenses
FY 2014 -15 Budget
($000 Omitted)
Revenues $86,232
Expenses $88,199
Expenses Over $(19967)
Revenues
4 ��!)
Operations and Maintenance
FY 2013 -14 Budget vs FY 2014 -15 Budget
($000 Omitted)
Budget
Budget
% Increase
FY 2013 -14
FY 2014 -15
Change (Decrease)
Revenues $75,152
$86,232
$11,080 14.7%
Expenses 77,825
88,199
10,374 13.3%
Revenues Over Expenses ($2,673)
Projected O &M Reserves 6/30/15 (per audit) $11,247 (Est $2.41VI excess above 10% prudent reserves)
Distribution of SSC
O &M
Capital
Total Sewer Service Charge
$365 $416
$40 $23
$405 $439
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Key Increases
Operations &Maintenance Expenses
FY 2013 -14 Budget vs FY 2014 -15 Budget
($000 Omitted)
Dollar %
Increase Increase
FY 2013 -14 Budget $77,825
Salaries 1,896 7.1%
Benefits
5,456
16.8%
Chemicals & Utilities
788
20.9%
Repairs & Maintenance
1,146
30.4%
Professional & Legal
62
13.0%
Outside Services
501
17.9%
All Other
525
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FY 2014 -15 Budget $88,199
Key Increases
Operations &Maintenance Expenses
FY 2013 -14 Projected vs FY 2014 -15 Budget
($000 Omitted)
Dollar %
Increase Increase
FY 2013 -14 Projected
$76,547
Salaries
2,994
11.7%
COLA $1.OM, merit/step increases /promotions $1.3M,
Directors $350K, other staffing plan additions $250K
Benefits
5,219
15.9%
Increase in retirement $5.2M, and healthcare $1.OM
Chemicals & Utilities
167
4.5%
Increase in landfill gas FY 2014 -15
Repairs & Maintenance
1,457
42.2%
Moved TV inspection from CIB to O &M in FY 2014 -15
Professional & Legal
77
16.7%
Arbitrations, OPEB study, and arbitrage audit in FY 2014 -15
Outside Services
888
36.8%
Cost of service study $400K, NPDES studies in FY 2014 -15
All Other 850 - Election expense $350K, Prop 218 notice, professional
carry- forward, leadership, and new staff training
FY 2014 -15 Budget $88,199
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Summary of Staff Positions
Positions
Authorized Staffing Plan FY 14/15* 286
*Excludes Co -op's and Temps
FTE Currently on Payroll April 25
In Process and Budgeted 24
Unbudgeted Positions 3
Subtotal 27
Total 286
DEBT SERVICE
FY 2014 -15 BUDGET
($000) Omitted
Revenue* $5,576
Debt Service
Interest Expense $1,542
Principal Payments 41034
Expense $5,576
*Total budgeted Ad Valorem Tax is $12.4M; $5.6M is allocated to Debt Service Fund.
9 1` 1
Public Hearing
June 5, 2014
• Approve and Adopt Budgets
— Operations &Maintenance Budget
—Debt Service Budget
10 I�1
Questions??