HomeMy WebLinkAbout05. (Handout) Draft PP to receive FY 14-15 Capital Improvement Budget Year-End Status ReportPOSITION PAPER
Board Meeting Date: September 17, 2015
subject: RECEIVE FISCAL YEAR 2014 -15 CAPITAL IMPROVEMENT BUDGET
YEAR -END STATUS REPORT
Submitted By.
Edgar J. Lopez, Capital Projects Division
Manager
Initiating Dept/Div.:
Engineering & Technical Services/ Capital
Projects
REVIEWED AND RECOMMENDED FOR BOARD ACTION:
T. Vassallo — Finance Manager
J -M. Petit — Director of Engineering
Roger S. Bailey
General Manager
ISSUE: The Board of Directors approves -the Capital Improvement Budget (CIB) and Ten
Year Plan on a yearly basis. At Fiscal Year (FY) end, staff reviews and compares the final
revenues and expenditures, based on the pre -audit financial reports, to update the Board
on the progress of the Capital Program and its budgets.
BACKGROUND: A public hearing was held on June 5, 2014, after which the Board
adopted the FY 2014 -15 CIB and Ten Year Plan. The proposed revenue and estimated
CIB expenditures within the adopted FY 2014 -15 CIB were $22,281,000 and $25,079,000,
respectively. Based on the pre -audit (Period 13) June 2015 financial statements, the
actual revenues and expenditures were $23,572,364 and $23,254,205, as detailed in
Attachment 1 - Fiscal Year 2014 -15 CIB Year -End Status Report.
There were 77 projects active in the Capital Program in FY 2014 -15. Although the Capital
Program underspent by approximately $1.8 million, the proposed expenditures are carried
over to future fiscal years.
ALTERNATIVES /CONSIDERATIONS: None.
FINANCIAL IMPACTS: None.
COMMITTEE RECOMMENDATION: The Engineering and Operations Committee
reviewed this subject at the September 9, 2015 meeting and recommended .....
RECOMMENDED BOARD ACTION: Receive the FY 2014 -15 CIB Year -End Status
Report.
Attached Supporting Documents:
1. Attachment 1— Fiscal Year 2014 -15 CIB End of Year Status Report
Attachment 1
FY 2014 -15 CAPITAL IMPROVEMENT BUDGET
YEAR -END STATUS REPORT
Capital Program Activity:
Capital Revenue by Cateaorv:
Revenue Category
Budgeted
Actual
Total Expenditures
$25.1 M
$23.3 M
Total Revenues
$22.3 M
$23.6 M
Expenditures over Revenues
-$2.8 M
$0.3 M
Capital Revenue by Cateaorv:
Revenue Category
Budgeted
Revenues
Actual
Revenues
Sewer Service Charge*
$3,750,000
$3,872,132
Property Taxes
$811601000
$81568,947
Facilities Capacity Fees
$5,890,000
$6,117,339
Pumped Zone Fees
$528,000
$442,864
Interest
$280,000
$98,829
City of Concord
$31305,000
$278971491
All Other (REW, Dev. Fees,
Other)
$3681000
$115747762 **
Total
$22,281,000
$23,572,364
Capital portion of SSC Revenue.
** Received -$ 1 Million in Recycled water grant.
Capital Budget by Program:
Attachment 1
Program
Budgeted Total
Expenditures
Actual Total
Expenditures
Treatment Plant
$9,045,000
$8,670,313
Collection System
$1212171000
$11,2461499
General Improvements
$31265,000
$2,989,459
Recycled Water
$552,000
$3471934
Total
$ 25,079,000
$23,254,205