HomeMy WebLinkAbout10.b. Receive Fiscal Year 2016-17 Capital Improvement Budget Pre-Audit Year-End Status Report. Reviewed by the Engineering & Operations Committee.Page 1 of 3
Item IOA
POSITION PAPER
iCENTRAL SAN BOARD OF DIRECTORS
MEETING DATE: SEPTEMBER 21, 2017
SUBJECT: RECEIVE FISCAL YEAR 2016-17 CAPITAL IMPROVEMENT BUDGET PRE -
AUDIT YEAR-END STATUS REPORT. REVIEWED BY THE ENGINEERING
& OPERATIONS COMMITTEE.
SUBMITTED BY:
INITIATING DEPARTMENT:
EDGAR J. LOPEZ, CAPITAL PROJECTS ENGINEERING AND TECHNICAL SERVICES -
DIVISION MANAGER CAPITAL PROJECTS
REVIEWED BY:
J EAN-MARC PETIT, DI RECTOR OF ENGI NEERI NG AND TECHNI CAL
SERVICES
Roger S. Bailey
General Manager
ISSUE
The Board of Directors (Board) 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 2, 2016, after which the Board adopted the FY 2016-17 CIB. The
proposed revenue and estimated expenditures for the FY 2016-17 Cl B were $34,905,400 and
$36,808,756, respectively. Based on the pre -audit June 2017 financial statements, the actual revenues
and expenditures are $37,083,804 and $36,696,049, as detailed in Attachment 1 - Fiscal Year 2016-17
CIB Pre -Audit Year -End Status Report.
September 21, 2017 Regular Board Meeting Agenda Packet - Page 70 of 91
Page 2 of 3
ALT ERNATIVES/CONSIDERATIONS
Any unused project budget is carried over to the next fiscal year until time of close-out. When projects
close, any unspent budget remains in the Sewer Construction Fund.
FINANCIAL IM PACTS
Due to the higher FY 2016-17 Sewer Construction Fund revenues, the starting balances for FY 2017-18
are higher than projected.
COMMITTEE RECOMMENDATION
The Engineering and Operations Committee reviewed this subject at the September 12, 2017 meeting
and recommended the Board receive the report.
RECOMMENDED BOARD ACTION
Receive the FY 2016-17 CI B Pre -Audit Year -End Status Report.
ATTACHMENTS:
1. FY 2016-17 C I B Pre -Audit Year -End Status Report
September 21, 2017 Regular Board Meeting Agenda Packet - Page 71 of 91
Page 3of3
Attachment 1
FY 2016-17 CIB Pre -Audit Year -End Status Report
Updated Table 9 — Sewer Construction Fund Revenues and Expenditures
Note 1: Sewer Construction and Running Expense combined variance is $13k due to the
mid -year tracking change and O&M expenses being covered first.
Note 2: Contingency budget was $0 at year-end, transferred to CIB programs.
* Budget at time of adoption on June 2, 2016.
September 21, 2017 Regular Board Meeting Agenda Packet - Page 72 of 91
mi
.�
Revenue
Sewer Service
Charge
$1118201000
$1118201000
$1119251821
o
0.9%
0
0.9/o
Ad Valorem Taxes
$111080)000
$1110801000
$1215731039
13.5%
13.5%
Capacity Fees
$61060)000
$610601000
$613671013
5.1%
5.1%
Pumped Zone Fees
$400,000
$400,000
$596,564
49.1%
49.1%
Interest Income
$2251000
$2251000
$5881387
161.5%
161.5%
Reimbursements
City of Concord
$4,550,000
$4,550,000
$4,476,961
-1.6%
-1.6%
Recycled Water
Sales
$3001000
$3001000
$361946
Note 1
Note 1
All Other
$470,400
$470,400
$5191073
10.4%
10.4%
Total Revenue
$34,905,400
$34,905,400
$37,083,804
6.2%
6.2%
Expenditures
Treatment Plant
Program
$1311251000
$1410991305
$1212391981
o
-6.7%
0
-13.2 /o
Collection System
Program
$1719251105
$1913601632
$2017911120
o
15.9%
0
7.4%
General
Improvements
$3,808,651
$4,283,705
$3,062,994
-19.6%
-28.5%
Program
Recycled Water
$5001000
$7001000
$6011954
o
20.4%
0
-14.0/o
Program
Contingency
$1,450,000
$1,450,000
$0
Note 2
Note 2
Total Expenditures
$36,808,756
$39,893,642
$36,696,049
-0.3%
-8.0%
Note 1: Sewer Construction and Running Expense combined variance is $13k due to the
mid -year tracking change and O&M expenses being covered first.
Note 2: Contingency budget was $0 at year-end, transferred to CIB programs.
* Budget at time of adoption on June 2, 2016.
September 21, 2017 Regular Board Meeting Agenda Packet - Page 72 of 91