HomeMy WebLinkAbout03.a. Finance Committee request for additional information on sewer construction expenses for FY 2016-17Page 1 of 2
Item 3.a.
Central Contra Costa Sanitary District
September 26, 2017
TO: FINANCE COMMITTEE
FROM: THEA VASSALLO, CPA - FINANCE MANAGER
EDGAR LOPEZ - CAPITAL PROJECTS DIVISION MANAGER
REVIEWED BY: PHIL LEI BER - DIRECTOR OF FINANCE AND ADMINISTRATION
SUBJECT: FINANCE COMMITTEE REQUEST FOR ADDITI ONAL INFORMATION ON
SEWER CONSTRUCTION EXPENSES FOR FY 2016-17
At the August 29, 2017 Finance Committee meeting, the committee requested that staff provide additional
information on Sewer Construction expenses for Fiscal Year (FY) 2016-17. Attachment 1 summarizes the
FY 2016-17 Pre -Audit Year -End Status Report.
Strategic Plan re -In
GOAL TWO: Strive to Meet Regulatory Requirements
Strategy 2 - Strive to Minimize the Number of Sanitary Sewer Overflows
GOAL THREE: Be a Fiscally Sound and Effective Water Sector Utility
Strategy 1 - Conduct Long -Range Financial Planning, Strategy 2 - Manage Costs
ATTACHMENTS:
1. Sewer Construction FY 2016-17 Expenses
September 26, 2017 Regular FINANCE Committee Meeting Agenda Packet - Page 3 of 100
Page 2 of 2
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 26, 2017 Regular FINANCE Committee Meeting Agenda Packet - Page 4 of 100
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 26, 2017 Regular FINANCE Committee Meeting Agenda Packet - Page 4 of 100