HomeMy WebLinkAbout03.b. Information requested on September Financial Statments and Investment ReportsCentral Contra Costa Sanitary District
November 28, 2016
TO:
VIA:
FROM:
SUBJECT:
FINANCE COMMITTEE
ROGER S. BAILEY, GENERAL MANAGER
ANN SASAKI, DEPUTY GENERAL MANAGER
THEA VASSALLO, FINANCE MANAGER
INFORMATION REQUESTED ON SEPTEMBER 2016 FINANCIAL
STATEMENTS AND INVESTMENT REPORTS
3.b.
At the October 24, 2016 Finance Committee meeting, Chair Pilecki referred to the
retirement contribution of $17,888,949 on page 4 of the Financial Statement. A
previous announcement to the Board stated that a payment of $18.3 million would be
made. He requested an explanation of the discrepancy. Below is staff's response.
September Monthly Financials and Investment Reports
The Retirement Contribution budgeted on page 4 represents Operations and
Maintenance only, and the amount budgeted is $17,888,949 for FY 2016-17. The
actual CCCERA prefund check for FY 2016-17 was $18.3 million and reported out as a
Board Announcement. Page 9 of the monthly financials, Salary and Benefits Summary
Report, shows the total retirement contribution for Central San (Running Expense and
Sewer Construction) and has a budget of $19,345,891 This includes both the pension
payable on budgeted payroll and Central San's small piece of subvention.
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