HomeMy WebLinkAbout07.a.2) Conduct public hearing to adopt FY 2017-18 District Budget Central Contra Costa Sanitary District 7.a.2)
BOARD OF DIRECTORS
POSITION P
Board Meeting Date: June 1, 2017
subject: CONDUCT A PUBLIC HEARING TO RECEIVE PUBLIC COMMENT AND
CONSIDER ADOPTING THE FISCAL YEAR 2017-18 BUDGET FOR THE
FOLLOWING FUNDS: OPERATIONS AND MAINTENANCE, CAPITAL
IMPROVEMENT, SELF-INSURANCE, AND DEBT SERVICE
Submitted By: Initiating Dept./Div.:
Phil Leiber, Director of Finance & Administration/Finance
Administration
REVIEWED AND RECOMMENDED FOR BOARD ACTION:
Roger Bailey, General Managers- .
Dent Alm Roger S.Bailey
Counsel for the Distri General Manager
ISSUE: It is the District's practice to hold a public hearing to receive comment on the
budget for the following funds: Operations and Maintenance, capital Improvement,
Self-Insurance, and Debt Service.
BACKGROUND: The proposed Fiscal Year (FY) 2017-18 Budget was presented as
a combined budget which incorporates into one document the Operations and
Maintenance Fund (O&M), Sewer construction Fund (for capital improvements),
Self-Insurance Fund and Debt Service Fund. The document was delivered at the
May 4, 2017, Board meeting and a detailed presentation was made on May 18, 2017
covering all four funds.
The Budget incorporates the District's Strategic Plan Goals and Initiatives and provides
the resources necessary to implement the initiatives and meet the challenges the
District faces as it strives to increase service quality and minimize costs to our
customers. At the same time, the Budget allows the District to accomplish its mission in
a cost-effective manner that will ensure best value. The Budget also assumes that the
second year of rate adjustments approved by the Board last year will go into effect on
July 1, 2017.
The Budget includes a separate Recycled Water Program Budget, with enhanced detail
regarding revenues and expenses.
The Budget has been developed in the context of the 1 0-year financial plan for
forecasted revenues, expenses and fund balances. The financial planning model
assists the District in setting and projecting Sewer Service Charge (SSC) rates. The
budget and financial plan have as a foundation the 2015 cost of Service Study (COSS)
by Raftelis Financial consultants, Inc., to assess the District's overall staffing needs and
analyze the District's rate structure. The COSS resulted in changes to staffing
alignment and implementation of a revised rate structure to better comply with
Page 1 of 11
POSITION PAPER
Board Meeting Date: June 1, 2017
subject: CONDUCT A PUBLIC HEARING TO RECEIVE PUBLIC COMMENT AND
CONSIDER ADOPTING THE FISCAL YEAR 2017-18 BUDGET FOR THE
FOLLOWING FUNDS: OPERATIONS AND MAINTENANCE, CAPITAL
IMPROVEMENT, SELF-INSURANCE, AND DEBT SERVICE
Proposition 218. In April 2017, the Board adopted increases in the annual SSC for
residential and non-residential customers for the next two fiscal years as follows:
FY 2016-17 FY 2017-18
Annual SSC Increase Annual SSD
Single Family Residences $503 $27 $530
Multi-Family Residences $487 $26 $513
Effective Date July 1,2616 July 1, 2017
(Residential rales shown in dollars per residential unit.)
As shown in the Proposition 218 Notice mailed to property
Non Commercial: owners and the Wastewater Cost of Service Study dated
May 21, 2015.
The proposed FY 2017-18 total Budget is $137.2 million, an increase of $5.9 million or
4.5% over the FY 2016-17 Budget of $131.4 million.
FY 2016-17 FY 2017-18 Variance Percent
Budget Budget_ Variance
Operations& Maintenance $89,8102918 $89,7131587 $(97,331) -0.1%
Sewer Construction $36,808,756 $429774,000 $51965,244 16.2%
Debt Service $3,790,807 $398199099 $28,292 0.7%
Self-Insurance $948,000 $9369500 $(111500) -1.2%
Total Budget $131,358,481 $137,243,186 $59584,705 4.5%
This position paper focuses on variances between the proposed FY 2017-18 Budget
and the FY 2016-17 Budget.
O&M Budget
The proposed FY 2017-18 O&M Budget includes the allocation of $7.5 million from the
O&M Fund towards the unfunded liability associated with Governmental Accounting
Standards Board (GASB) 45 post-employment healthcare benefits and current year
retiree premiums. This amount is based on the most recently Completed two-year
actuarial study by Bartel Associates. The $7.5 million includes an approximate payment
of $5.9 million for retiree medical, dental and life insurance premiums annually and $1.6
million to be deposited in a GASB 45 Public Agency Retirement Services (PARS)
investment trust to fund future retiree benefit costs.
Page 2 of 11
POSITION PAPER
Board Meeting Date: June 1, 2017
subject: CONDUCT A PUBLIC HEARING TO RECEIVE PUBLIC COMMENT AND
CONSIDER ADOPTING THE FISCAL YEAR 2017-18 BUDGET FOR THE
FOLLOWING FUNDS: OPERATIONS AND MAINTENANCE, CAPITAL
IMPROVEMENT, SELF-INSURANCE, AND DEBT SERVICE
O&M Revenue: The following table compares revenues for FY 2017-18 to FY 2016-17.
FY 2016-17 FY 2017-18 Variance Percent
Budget Budget Variance
Sewer Service charge(O&M) $711100,000 75,220,700 4,1201700 5.81
City of Concord 14,790,o0O 151200,000 410,000 2.89
All Other 3,9271200 41238,400 310,800 7.91
Total Revenue 8918179200j__ 9496589700 4,841,540 5.4%
Total District O&M Revenue for FY 2017-18 is projected at $94.7 million compared to
the FY 2616-17 budgeted amount of $89.8 million, an increase of $4.8 million or 5.4%.
This is due to the fallowing:
• While the SSC rates are increasing, the O&M allocation of SSC is decreasing
from 85.8% to 84.3%. The net result of these changes is an increase in total
O&M SSC of $4.1 million or 5.8%.
• The city of concord primarily shares a flow portion of Treatment Plant,
Environmental and Regulatory compliance, and Environmental Compliance
expenses and is charged administrative overhead and a finance charge.
City of concord revenue is expected to be $0.4 million, or 2.8%, more than FY
2616-17 due to an overall flat O&M budget for FY 2617-18, with costs allocated
to concord increasing slightly based on anticipated flows.
Page 3 of 11
POSITION PAPER
Board Meeting Date: June 1, 2017
subject: CONDUCT A PUBLIC HEARING TO RECEIVE PUBLIC COMMENT AND
CONSIDER ADOPTING THE FISCAL YEAR 2017-18 BUDGET FOR THE
FOLLOWING FUNDS: OPERATIONS AND MAINTENANCE, CAPITAL
IMPROVEMENT, SELF-INSURANCE, AND DEBT SERVICE
O&M Expense: The following table compares expenses for FY 2017-18 to FY 2018-17.
Budget to
FY 2016-17 FY 2017-18 Projected Percent
_. 1-11-.1-1.1-1-1-- Bud .et Budget Variance Variance-------- -- -- .. ----- --_ ..... --- --- -----..
---
Salaries&Wages
-----------33,158,707 34,7971628 1,638,921 4.9%
Benefits&Cap O/H Credit
14,153,311 1.x,855,155 ......�.1_a508,156).-..._.--_- 1.0-.6°�-
Salary&Benefits
Active Employees)-.. .._ ..-- 47,322,018 47,452,783 _ �...... 1309765 0.3%
Benefits(Retirees)_ 59362,300 519469000 553,700 10.9%
Retirement UAAL 111741,700
- -........_....-... ------ .. ... __.... ........ .-.__._..-- . ...- 1.1,679,261. ....F _-�62,439�..-. M--a.. .. 0.5°/°
Additional UAAL 21500,000 21500,000 - 0.0%
Total URAL 14,241,700 14,179,261 (62,439 -0.4%
Total Labor Related Costs 66,926,01$ 671578,044 652,026 1.0°I°
. ._..._
Chemicals
, 0,000 , s ,000 soo0} - . ���.
Utilities
4,315,790 4,539,790 324,000 7.5°/°
w.._. _ _.-.._.w.... _ ___ �._....�- _._.._._
Repair&Maintenance
5,222,852 5,299,754 70,902 1.5%
- ......_.._. - _.... --.-
Hauling&Disposal
941,050 1,023,975 82,925 8.8%
. _.. _ r _...__ -_.. .
Professional&Legal Fees
630,750 807,600 176,850 28.0%
-..----_..__. _.....s... _...-._.._.-....-...-....._._.-...._ _ _...... _.....-. ..._.............. _.--------------------- Y....._..-.-...
Outside Services
__---- ----- ----- _ ----------------- _.- .-. _- -- 3,984.,175 3,452,717 _ ..._._..._527,458_.._._ _____-13.3°/°
Self Insurance Fund
920,000 585,000 (335,000�-. -36.4°�a
_..,...-.... _.. --e.._...w_
..Materials&Supplies -------_
2,1 DD,025 2,059,325 X40 700 1.9%
---------- .... ------ . . . .. .
------
Other Expenses
2,854,258 21785,382 687876 2.4%
.................
Total other O&M 22,884 900 22 135
_ - -----_--.._ _ - .........-� .._. ---.._-_._ _.-_l......-- _..- _....3543 �749,357�........-.-.-...... 3.3°/0
Total Expenditures 89,8101918 899713,587 X97,331 m � M -0.1%
Contribution to Reserve
6 282 419459113 499389831
prior to transfers to other
funds
Page 4 of 11
POSITION PAPER
Board Meeting Date: June 1, 2917
su►bfect: CONDUCT A PUBLIC HEARING TO RECEIVE PUBLIC COMMENT AND
CONSIDER ADOPTING THE FISCAL YEAR 2017-18 BUDGET FOR THE
FOLLOWING FUNDS: OPERATIONS AND MAINTENANCE, CAPITAL
IMPROVEMENT, SELF-INSURANCE, AND DEBT SERVICE
The total O&M expenses are projected to be $89.7 million in FY 2917-18 compared to
$89.8 million in FY 2015-17. This reflects a decrease of $0.1 million or 9.1%.
Variances are discussed in detail below.
O&M Salaries: District O&M salaries are projected to be $34.8 million in FY 2017-18
compared to a budget of $33.2 million in FY 2015-17. This is an increase of $1.8 million
or 4.9%. This increase is due to several factors, including: a 4.3% salary adjustment
consistent with the bargaining unit Memorandum of Understanding (MOU) inclusive of
the COLA plus an additional 1%; merit increases and personnel advancements for
recently-hired and current employees.
Benefits Including Capitalized Administrative Overhead Credit (excluding Retirement
UA AL : District O&M benefits, including the capitalized administrative overhead credit
for FY 2017-18, are projected to be $18.8 million compared to a budget of $19.5 million
in FY 2915-17, resulting in a decrease of $9.9 million or 4.7%. The primary benefit rate
assumptions are as follows:
• Kaiser - Decrease of 4.0%.
• Health Net - Increase of 19.0%.
• CCCERA - Retirement rate decreasing 7.844 for legacy employees and 11.2% for
PEPRA employees, offset by higher pensionable wages. An additional $2.5
million is to be paid towards the unfunded liability in retirement and/or Other
Post-Employment Benefits (OPEB) Trust.
• Delta Dental - Decrease of 3.0%.
• Long-Term Disability - No rate increase.
• Employee Assistance Program - Increase of 3.0%.
• Workers' Compensation - Estimated 10% rate increase.
• Life Insurance - No rate increase.
All Other SSM Expend: The remaining O&M non-labor expenses total $22.1 million
in FY 2017-18, compared to a budget of $22.9 million in FY 2915-17. This is a decrease
of $0.7 million or 3.3%. Additional information is included in the individual Division
budgets. The areas of most significant changes include:
• Chemicals - This expense was reduced 22.8% due to lower usage of chemicals
in the Plant and Pumping Stations.
• Utilities - This expense increased 7.5% due to higher use of electricity from
PG&E as the Cogeneration System meets the emissions limitations.
• Repairs & Maintenance - This expense increased 1.5% overall due to higher
software license renewals fees and higher pump repair expenses.
Page 5 of 11
POSITION PAPER
Board Meeting Date: June 1, 2017
Subject- CONDUCT A PUBLIC HEARING TO RECEIVE PUBLIC COMMENT AND
CONSIDER ADOPTING THE,FISCAL YEAR 2017-18 BUDGET FOR THE
FOLLOWING FUNDS: OPERATIONS AND MAINTENANCE, CAPITAL
IMPROVEMENT, SELF-INSURANCE, AND DEBT SERVICE
• Hauling & Disposal: - This expense increased 8.8% overall due to higher
household hazardous waste disposal rates and for increases in janitorial
services.
• Professional & Legal Fees - This expense increased 28% due to budgeting for
internal audits and for the new contract for legal services.
• Outside Services - This expense was reduced 13.3% due to less need for
temporary services as vacancies are filled, agenda software purchased in FY
2018-17 that is not in the FY 2017-18 budget, and BACWA-related expenses
moving to Other Expenses.
• Self-Insurance Expense - This expense was reduced 38.4%, and funds the
requirements for the payment of premiums and estimated lasses based on
historical trends.
• Materials & Supplies: - This expense was reduced 1.9% due in part to fewer
purchases of emergency equipment and supplies.
• Other Expenses - This expense was reduced by 23.6% due to the removal of
one-time expenses in FY 2018-17 related to comprehensive Wastewater Master
Pian outreach, mailing of Proposition 218 notices, and the Fall 2018 Board
Election. Offsetting these reductions was the transfer of BACWA-related
expenses to this category.
o Conferences - This expense is a subset of the Other Expenses category.
District wide conferences presented in the budget boob in FY 2018-17
'represented out-of-state conferences; FY 2017-18 will also include in-state
conferences. The out-of-state and board conferences expense was
reduced 10% from $118,000 in FY 2018-17 to $104,480 in FY 2017-18
due to a reduction in travel and the number of conferences.
FY 2016-17 FY 2017-18 Variance Percent
Budget Budget Variance
Board conferences 501000 45,000 (5,000) -10%
District Wide
Conferences, Out-
of-State* $55,350 $59,450 ($61900) -10%
District Wide
Conferences, In-
State not specified $170,675 n/a n/a
Tota I 1 $110350 $275,125 n/a n/a
Reporting on out of state conference attendance by staff will continue in
the new fiscal year as has been provided to date.
Page 6of 11
POSITION PAPER
Board Meeting Date: June 1 12017
subject: CONDUCT A PUBLIC HEARING TO RECEIVE PUBLIC COMMENT AND
CONSIDER ADOPTING THE FISCAL YEAR 2017-18 BUDGET FOR THE
FOLLOWING FUNDS: OPERATIONS AND MAINTENANCE, CAPITAL
IMPROVEMENT, SELF-INSURANCE, AND DEBT SERVICE
Capital Improvement Budget (Sewer Construction Fund)
Sewer Construction Fund revenues increase $4.4 million from $34.9 million in
FY 2018-17 to $39.3 million in FY 2017-18. This increase was due primarily to an
increase in SSCs of $2.1 million as a result of user rate increases and an increase in
the overall allocation of SSC to the Sewer Construction Fund. Capital expenditures for
FY 2017-18 are projected to be $42.8 million, a $8.0 million increase over the
FY 2018-17 Budget of $38.8 million.
Self-Insurance Budget
The District currently self-insures general and auto liability risks up to $500,000 per
occurrence and purchases a $15 million excess liability insurance policy above that
retention. The Self-Insurance Revenue for FY 2017-18 is $0.7 million; expenses are
$0.9 million, and the ending reserve balance is $8.5 million.
SUB-FUND A: Actuarially-Based Frisks. Sub-fund A is used to pay claims and
expenses within the District's self-insured liability retention. Claims in excess of this
retention are covered by the excess insurance policy that renews annually on July 1.
Staff projects excess liability renewal premiums of up to $390,000, based on the latest
communications available with the insurance broker. Since insurance renewal quotes
are not yet available, staff recommends that the Board authorize the General Manager
to renew the excess liability insurance up to this projected amount along with its
approval of the FY 2017-18 Self-insurance Budget.
Under the requirements of GASB-10, risks that can be actuarially studied must be
funded based on an actuarial study performed at least every two years. General liability
and automobile liability risks are readily studied throughout the insurance and self-
insurance industry to project funding levels for future losses. Central San obtained an
actuarial review of its self-insured general liability and automobile liability risks in
October 2018. The next actuarial report will be performed in August 2018 using loss
data through June 30, 2018.
The Board established a policy to maintain the Sub-fund A reserve at three times the
amount of the District's self-insured retention. The current $500,003 retention requires
a $1.5 million reserve. This reserve is used to pay claims and expenses throughout the
year and is replenished the following fiscal year.
Page 7 of 11
POSITION PAPER
Board Meeting Date: June 1, 2017
subject: CONDUCT A PUBLIC HEARING TO RECEIVE PUBLIC COMMENT AND
CONSIDER ADOPTING THE FISCAL YEAR 2017-18 BUDGET FOR THE
FOLLOWING FUNDS: OPERATIONS AND MAINTENANCE, CAPITAL
IMPROVEMENT, SELF-INSURANCE, AND DEBT SERVICE
SUB-FUND B: Sub-Fund B has been retired and all reserves for these risks were
transferred to Sub-Fund C in-FY 2315-15.
SUB-FUND c: Non-GASB-10 Risks. This Sub-Fund C has historically covered Risk
Management program expenses including insurance premiums, self-insured property
losses, potential losses from uninsurable risks, and the costs-of initiating claims
and lawsuits against others. As noted above, this fund now includes reserves for non-
GASB 10 risks and catastrophic losses.
The Board established a policy to maintain this reserve at $5 million. This reserve is
used to pay claims and expenses throughout the year and is replenished the fallowing
fiscal year. This fund also receives the annual O&M contribution and then re-allocates
funds needed to maintain the required reserve in Sub-Fund A.
Staff projects property insurance renewal premiums of up to $150,000. Since insurance
renewal quotes are not yet available, staff recommends that the Board authorize the
General Manager to renew the property insurance up to this projected amount along
with its approval of the FY 2017-18 Self-Insurance Budget.
Debt service Budget
Currently the District is repaying a State of California Water Reclamation Loan and 2009
Revenue Bonds. The revenues and expenditures for the FY 2017-18 Debt Service
Budget are $3,819,099, nearly unchanged from the FY 2015-17 amount of $3,790,807.
Fiscal Reserves
The Board has established Board Policy No. BP 017 - Fiscal Reserves setting targets
for each of the District's reserve funds. Fiscal reserves provide working capital for
operations and maintenance activities, funding for long-term capital improvement
requirements, fulfillment of legal, regulatory and contractual obligations and mitigation of
risk and liability exposures.
For the Operations and Maintenance Fund —Working Capital Reserves, the Board has
set a target of five months (41.7%) of gross operating expenses at the start of each
fiscal year.
For the Sewer Construction Fund (Capital Improvement) —Working Capital Reserves,
the Board has set a target of 50% of the annual capital projects budget at the start of
each fiscal year.
Page 8of11
POSITION PAPER
Board Meeting Date: June 1, 2017
subject: CONDUCT A PUBLIC HEARING TO RECEIVE PUBLIC COMMENT AND
CONSIDER ADOPTING THE FISCAL YEAR 2017-18 BUDGET FOR THE
FOLLOWING FUNDS: OPERATIONS AND MAINTENANCE, CAPITAL
IMPROVEMENT, SELF-INSURANCE, AND DEBT SERVICE
For the Self-Insurance Fund Reserves, the Board has set a target of three times the
annual deductible, which in this case is $1.5 million. In addition, to help mitigate
financial impacts and maintain uninterrupted service in the event of an emergency or
catastrophic event, the District maintains an Emergency Fund Reserve balance of
$5 million in the Self-Insurance Fund.
The projected reserve balance compared to the required policy level is shown in the
table below.
O&M Fund Sewer Self Totals
Construction Insurance
Fund (Capital) Fund
Projected Balance as of $39,223,778 $25,135,597 $6,500,000 $700,859,375
June 30,2017
Change in Reserve prior $4,945,113 ($3.,446,200) ($209,500) $1,2891413
to Transfers
Transfers ($3,990,644) $3,,990,644 $0
Projected Balance as of 4 $6,290,500 $72,148,788
June 30 2018 $40,,178,t247 $2 5,580,0 1
Reserve Policy Target $37,380,661 $21,387,060 $6,500,000 $65,267,721
end of June 30,2017
Variance from Policy $1,843,117 $3,745,537 $0 $5.591,654
Target at June 30,2017
The reasons that the projected reserve balances exceed the policy levels are as follows:
• For Capital, there is a significant ramp-up in capital spending by FY 2019-20, and
the reserve balance is being gradually brought up to this new higher required
level.
• For O&M, the financial plan requires a transfer of funds from the O&M (Running
Expense) fund to the capital Fund; this transfer amount is estimated at $3.99
million in FY 2017-18, and is shown in the table above.
CEQA: Staff has evaluated the FY 2017-18 Operation and Maintenance, Self-
Insurance, Debt Service and Capital Improvement Budgets and concludes the adoption
of these budgets are not projects, or ministerial in nature, are exempt from the California
Environmental Quality Act (CEQA) under CCCSD CEQA Guidelines Section 15301,
Page 9 of 11
POSITION PAPER
Board Meeting Date: June 1, 2017
Subject: CONDUCT A PUBLIC HEARING TO RECEIVE PUBLIC COMMENT AND
CONSIDER ADOPTING THE F-ISCAL YEAR 2017-18 BUDGET FOR THE
FOLLOWING FUNDS: OPERATIONS AND MAINTENANCE, CAPITAL
IMPROVEMENT, SELF-INSURANCE, AND DEBT SERVICE
since each funds the ongoing operations of the District and the Capital Improvement
Budget funds the operation, repair, maintenance, permitting, leasing, licensing, or minor
alteration of existing public or private structures, facilities, mechanical equipment, or
topographical features, involving negligible or no expansion of use beyond that existing
at the present time. Approval of the FY 2017-18 Budgets will establish the Board of
Directors' independent finding that these budget documents are exempt from
CEQA. The Board further finds that, although the Capital Improvement Program Budget
will authorize amounts of individual capital improvement project spending, the adoption
of the Budget does not authorize construction of any project requiring CEQA
compliance documentation. The District either has or will produce appropriate CEQA
compliance documentation prior to undertaking any "project" identified in these
documents.
FINANCIAL IMPACTS: The FY 2017-18 Budget was prepared using the Board-
approved annual SSC rate increases of$27 for single family(S) and $20 for
multi-family (M). The $530S/$513M SSC in FY 2017-18 is allocated as follows: O&M
84.3%; Capital 15.7%. The FY 2017-18 O&M Budget results in a $0.95 million increase
in O&M ending reserves, and total O&M reserves are projected to be $40.2 million at
the end of FY 2017-18. The financial plan for FY 2018-19 projects an O&M budget,of
$95.0 million, which would result in a reserve target of$39.8 million. The FY 2017-18
Sewer Construction Budget results in a $0.5 million increase in reserves, and total
Capital reserves are projected to be $25.7 million at the end of FY 2017-18.
ALTERNATIVESICONSIDERATIONS: The Board has considered during FY 2017-18
numerous financial planning alternatives and assumptions culminating in the April 20
rate decision. This budget reflects the policy direction provided in areas including the
composition and level of the capital budget in the context of the Comprehensive
Wastewater Master Plan, paying down unfunded liabilities, maintaining staffing at the
level specified in the 2015 staffing study, and overall guidance regarding the need for
fiscal discipline and cost control.
COMMITTEE RECOMMENDATION: The Finance Committee received an overview of
the FY 2017-18 O&M Budget, Self-Insurance, and Debt Service Budget on May 15,
2017. The Engineering and Operations Committee reviewed the Capital Improvement
Budget on May 9, 2017. Changes to the draft budget boob distributed to the Board on
May 4, 2017 reflective of Committee feedback and guidance have been reflected in the
revised budget boob. A Budget Update Log reflecting these changes is attached.
Page 10 of 11
POSITION PAPER
Board Meeting Date: June 1, 2017
subject: CONDUCT A PUBLIC HEARING TO RECEIVE PUBLIC COMMENT AND
CONSIDER ADOPTING THE FISCAL YEAR 2017-18 BUDGET FOR THE
FOLLOWING FUNDS: OPERATIONS AND MAINTENANCE, CAPITAL
IMPROVEMENT, SELF-INSURANCE, AND DEBT SERVICE
RECOMMENDED BOARD ACTION: Conduct a public hearing and adept the FY 2017-
18 District Budget as follows:
1. Find that the FY 2017-18 Budget is exempt from CEOA;
2. Adopt those portions of the FY 2017-18 Operations and Maintenance Budget
related to Bay Area Clean Water Agencies (BACWA), specifically, the cost of
$885,8'18;
3. Adopt the remaining portion of the FY 2817-18 Operations and Maintenance
Budget apart from the BACWA costs;
4. Adopt the FY 2817-18 capital Improvement Budget;
5. Adopt the FY 2017-18 Self-Insurance Budget;
8. Adopt the FY 2017-18 Debt Service Budget;
7. Authorize the General Manager to renew the District's expiring:
a. Excess liability insurance for a premium not to exceed $300,000; and
b. Property insurance for a premium not to exceed $150,000.
Attached Spporting Documents:
t. (Final) Draft FY 2017-18 District Budget
2. Budget Update Log reflecting changes since earlier draft
Page 11 of 11