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Home My WebLink About09.a. PowerPoint - Draft Budgets.a. District Budgets Fiscal Year 2015 -16 Presented by David Heath, Director of Administration Board Meeting May 21, 2015 Central Contra Costa Sanitary District Budget Highlights Minimizing Cost • O &M budget spending flat compared to FY14 -15 • Kaiser premium decrease (2.8 %) • Delta Dental premium decrease (1.0 %) • Health Net premium increase +6.5% • Employees paying additional 1.25% retirement contribution N Budget Highlights Infrastructure Investment • CIB funding capacity $28.8 million FY15 -16 versus $22.3 million FY14 -15 • The majority of rate revenue increase of 7.2% allocated to CIB Program • Debt Service decrease of $1.7 million used to increase CIB funding capacity 3 O &M Budget Highlights Meeting The District's Obligations • $2.5 Million additional payment toward UAAL • $7.9 million funding for GASB45 OPEB retiree health benefits ($5.3 million retiree health premiums, $2.6 million contributed to trust toward unfunded liability) • MOU adjustment 3.5% 4 2 O &M Budget Highlights Providing Necessary Resources • 287 Full -Time equivalent positions funded per Raftelis staffing analysis recommendation • Regulatory Compliance & IT Manager budgeted • 2 additional FTE's for IT support • $200K radio equipment for EOC that is compatible with Contra Costa County & Alameda County Items previously budgeted in Capital • Cogen overhaul $512K and maintenance $217K • Cathodic protection $30K - $50K Operating Fund Revenues FY 2015 -16 $87.5 Million ($Millions) Hazardous Household Other $25 Waste $0.9 \ ON of Concord 513.7 i Sewer Service Charge $70 4 ,3 Operating Fund Expenditures FY 2015 -16 $87.5 Million ($Millions) Professional & SO 6 Outside Services $3.9 Self-insurance $1.5 Materials &Supplies .egal_, I I I- S22 Hauling & Disposal $1.1 Repairs & Maintenances $5.4 utilitles, $4.8 Chemicals $1.7 Benefits $18 2 Other $2 3 UAAL $15 0 iu y TOTAL DISTRICT OW EXPENSE BUDGET FY 2015.16 COMPARED TO PROJECTED FY 201415 5000 Omitted Projected FavorabIgUnfavorable) FY 2014.15 Variance S S 27,961 (2,912) Variance % Variance E2 lanations Salaries (10,7X) nsffull year employment and other COSS staffing plan additions of SIAM. FIncludes se due to COLA of $1.1M, remaining is meriVslep increasdrilled se in retirement S4.4M, and higher capitalized salaries of $1.4M in FY 2015.16. Cogan overhaul $495k and maintenance of S217k and cathodic protection Of 530k SSOk; both previously budgeted in Capital. Benefits 39,231 6,007 15.3' ire 1 Maintenance 4,275 (1,095) (25.65) relesstonal & &Legal 440 (200) (45.5 4 Increase due to succession planning, studies, IEDA, and general counsel rate increase. side Services 3209 (674) (21.0*4 Increase due to records mgmt $125k, class A comp study S50k security and emergency services 1100k and manager i supervisor academy S100L If-Insurance aterials & Supplies I Other 650 (150) 1,907 (303) 9,320 (375) (130.W4 (15.r Funding per reserve policy. Emergency radio response equipment $200k in FY 2015.16. (4.014 General increases in chemicals, outside organization fees, public agency fees in FY 2015.16 and less spent in FY 2014.15 on HHW event. otal S 16,993 (472) (0.5*4I 8 rd O &M Expense & Revenue Trend Last 5 Years 9 5 -Year Historical Actual 0 &M Expense and Revenue $IOD DM OCO $90 000 000 S80 000 000 $10 000 000 560 C00 000 $50 ODD 000 1 54D CO) 000 $39 C00 000 520000.000 SID OrA ODD SO Siea-we-ase 20:4 20:5 20:3-.)C,:4 2022 20 3 2011.20;2 201420 ?: 80 &V 5,C 7%757 86993:71 77:0; 5c 66,93533 64.350393 3. ?:6621 e 08V 4c:a Reve- -e 57:.41;'62 e7 0C.6% 56; 76 M KE 70 S47 e' :: 63 :38,524 60.179 0 10 4i 5- YearAverage 2014.2015 20132014 2012- 2013 2011. 2012 2010.2011 06N Budgeted Expense S 72,767,338 86, 198,895 17.624,952 68 306 464 66 510.660 62 965 721 ON Actual Expense 'S 70,766, 757 86 ,993.171 77,401,565 66981533 64350893 58116625 Variance S 1,998,581 1.205,724 423387 1324.931 2189767 4849096 %Variance 2.7% 14, 051, 191: 33': 77°-: 9 5 -Year Historical Actual 0 &M Expense and Revenue $IOD DM OCO $90 000 000 S80 000 000 $10 000 000 560 C00 000 $50 ODD 000 1 54D CO) 000 $39 C00 000 520000.000 SID OrA ODD SO Siea-we-ase 20:4 20:5 20:3-.)C,:4 2022 20 3 2011.20;2 201420 ?: 80 &V 5,C 7%757 86993:71 77:0; 5c 66,93533 64.350393 3. ?:6621 e 08V 4c:a Reve- -e 57:.41;'62 e7 0C.6% 56; 76 M KE 70 S47 e' :: 63 :38,524 60.179 0 10 4i 5-Year Average 2014. 2015 Reretlue 2013.2014 20122013 20112012 2010.2011 06N Budgeted Revenue 'S 71,228,981 86231600 75152000 70236.300 62198705 62326.300 08N Actual Revenue 'S 71,478.362 87 096 867 76128 808 70.847 811 63 138 524 60.179 800 Variance S 249,381 865267 976808 611511 939819 12 1465001 %Variance 04 1u: 13' 09', 15% -341, 5•YearAverage 2014. 2015 2013.2014 2012.2013 2011.2012 2010.2011 06N Budgeted Net Income 1151357) 1967295) ;2672952) 1929.836 (4 3419551 (639.4211 ON Actual Net Income 709605 103606 11272757) 3866.278 11212.369; 2063175 Variance 2247.962 2070991 1400195 1936442 3129586 2702596 9 5 -Year Historical Actual 0 &M Expense and Revenue $IOD DM OCO $90 000 000 S80 000 000 $10 000 000 560 C00 000 $50 ODD 000 1 54D CO) 000 $39 C00 000 520000.000 SID OrA ODD SO Siea-we-ase 20:4 20:5 20:3-.)C,:4 2022 20 3 2011.20;2 201420 ?: 80 &V 5,C 7%757 86993:71 77:0; 5c 66,93533 64.350393 3. ?:6621 e 08V 4c:a Reve- -e 57:.41;'62 e7 0C.6% 56; 76 M KE 70 S47 e' :: 63 :38,524 60.179 0 10 4i Unfunded Actuarial Accrued Liability UAAL Trend Last 5 Years Valuation Dais 5-Year ALrorsge 12/31/70u__ W3112012 _ 12/31/2011 17.01/2010 For Fiscal Year 2014.1015 2011201/ 20/2.2013 2011 -2012 7p1ol CCCSD LM/ueded Lialu6ty $105668,873 1;0,792,361 14I,s23,sss 109,168,803 99.841,380 Lirflrirr Funded% o°UUL 6311♦ $638% CCC2RA tw-i e- frunded%0 URAL LI SOt A•11Tf 71 1 6.(ai Anuar a' pepprr pare paler breal,n(our UAAlCamppnenl 111 -n plrv, entapp'e d le fora 1me' °Yer Cnnu but on per. Total CCCSD Unfunded Liability Five Most Recent CCCERA Valuations S:60 .000 000 S 4g000,000 5120 000 000 Slo0,000.000 1:O,000,OOo $20,L100,000 , SAO 000.000 520000 000 So S Year Average 121311I013 1213112012 12/31/1011 1111112010 12/31/2009 • Tout CCCSO Unfunded Wb.My 5108668,873 120792361 142,523.595 101.168803 99841,180 71018,235 M Sewer Service Charge Rates and Revenues Budgeted FY 14 -15 and FY 15 -16 ($000 Omitted) Previous New SSG Rates Method Method h n _° %Increase Single $439 5471 $32 7 3 °° Mullr $439 S463 $24 551. 55C Fleyenues Budget Budget FY 2014 -15 FY 2015.16 Chance _ % Increase __ O&M S69,447 S70,390 S943 14 °° Cap la! 375o 8.110 4.360 11631. Total $73.197 576.500 $5303 1 2`° 12 ®ff u Capital Improvement Program Funding Sources FY 15 -16 $34.7 Million (Includes Debt) ($Millions) RecycledWater Draw From City of Concord $3.2 I $0.3 Reserves $z�- Other $11 Sewer Service Charges $a 1 Capacity Fees $6 2 Ad Valorem Tax $13 g Capital Improvement Program Expenditures FY 2015 -16 $34.7 Million (Includes Debt) ($Millions) Debt Service $3 g General Improvements $4.01 Recycled Water $0 5 Treatment Plant $10 4 Collection System $16.0 7 Insurance Budget Highlights • Liability Insurance Self Insured Retention (SIR) reduced from $1.0 million to $0.5 million • Flood loss claim assumed to reach full SIR of $1.0 million • Emergency Reserve Fund fully funded at $5.0 million Im Self Insurance Budget FYI 5-16 Operating Revenue Operating Expense $1.6 Million $1.9 Million ($000) ($000) HHW �"iOrOO� Insurance �� $l2 Premiums 5575 T,hn cal Services $65 legal Expected OW Fasd Semites losses $200 $ion Slsw tb fj June 4, 2015 Public Hearing (Assumes rates adjusted in accordance with Prop 218 notice) Approve and Adopt Budgets 1 Operations & Maintenance 2 Capital Improvement 3 Self- Insurance 4 Debt Service 1s Questions ??