HomeMy WebLinkAbout07.b. (PowerPoint) Receive Pre-Audit Year-End Financial Results Summary for Fiscal Year 2013-14.Agenda Item
June 30, 2014
Pre -Audit Financial Summary
Presented by: David Heath
Director of Administration
September 4, 2014
Central Contra Costa Sanitary District
16.
1
OPERATIONS & MAINTENANCE
BUDGET VS ACTUAL
JUNE 30, 2014
($000)
2013 -14 2013 -14 FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
Revenue
$75,152 $76,129 $977
Expense
$77,825 $77,402 423
Revenue Over
2 673) ($1-2 7 J3 1 400
Expense
2
16.
1
Pre -Audit (0 &M )
Variance
±Favorable /- (Unfavorable)
Salaries & Benefits
$ 338
Unfilled Vacancies
Chemicals
(49)
Utilities
(275)
(638k) Electrical
123k Natural Gas
132k Land Fill Gas
89k Telephone
Repairs & Maintenance
639
0/S Repairs & Maint
POD 365k, CSO 257k
Hauling & Disposal
186
Paint Care disposal
Professional & Legal
4
Outside Services
(721)
(1,266k) Tech Services - Eng
Reclass CIB (no GAAP asset)
338k POD, 206k Admin
Materials & Supplies
(45)
Other
346
146k Technical Training
80k Tuition & Prof Reimb
TOTAL UNDER BUDGET
$ 423
3
CIB TO 0 &M YEAR -END ADJUSTMENTS
JUNE 30, 2014
($000)
Reclass from CIB to 0 &M (per GAAP1
Asset Management Costs (5/06 - 6/14) 961
Treatment Plant Master Plan (9/10 - 6/14) 391
Other 159
Total 1,511
4
2
3
SEWER CONSTRUCTION
BUDGET VS ACTUAL
JUNE 30, 2014
($000)
2013 -14 2013 -14 FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
Revenue
$25,243 $26,949 $ 1,706
Expense
$29,580 $26,826 $2,75 4
Revenue Over
($4.337) 123 4 460
Expense
5
3
ALL FOUR FUNDS
BUDGET VS ACTUAL
JUNE 30, 2014
($000)
2013 -14 2013 -14 FAVORABLE
BUDGET ACTUAL (UNFAVORABLE)
Revenue
$106,630 $109,318 $ 2,688
Expense
$113,916 $110,672 $3.24 4
Revenue Over
7 2 ) 1 354 15932
Expense
6
3
QUESTIONS ??
Prior Version (Variance Built !, to o /17/14 Presentation to the Board- To Consider Whether or Not to Reduce the $34 Residential SSSC)
Original FY 2013 -2014 Budget- Revenue Less Expense -$7.30 Million
Changes Frorn Original Budget to Project Actual FY 2013 -14:
O &M Revenue $2.0 Million (Higher SSC County Collections)
O &M Expense 1.2 Million (Salary Vacancies)
Capital Revenue 3.5 Million (3 large Capacity Fees & Higher Prop, Tax)
Capital Expenditures 2.0 Million (Anticipated project underspendlag)
Self - Insurance (Net) 0.1 Million
Total Changes $9.8 Million $8.80 Million
Projection FY 2013 -2014- Revenue Less Expense $1.50 Million
Original FY 2013 -2014 Budget- Revenue Less Expense -$7.30 Million
Pre -Audit
Changes From Original Budget to Pre -Audit Actual FY 2013 -14,
O&M Revenue $1.0 Million (Higher SSC County Collections)
O &M Expense 0.4 Million (Salary Vacancies less Capital Projects Shifted to O &M)
Capital Revenue 1.7 Million (3 large Capacity Fees)
Capital Expenditures 2.7 Million (Actual project underspending)
Self - Insurance (Net) 0.1 Million
Total Changes $5.9 Million $5.90 Million
Pre -Audit Actual FY2013 -1014- Revenue Less Expense -$1.40 Million
Total Variance 4/17/14 Rate Increase Assumption vs. Preaudit Actual -$2.90 Million
7
QUESTIONS ??