HomeMy WebLinkAbout03.a. Receive Fiscal Year 2017-18 Capital Improvement Budget pre-audit year-end status report Page 1 of 3
Item 3.a.
ZNLCENTRAL SAN CENTRAL SAN BOARD OF DIRECTORS
WM POSITION PAPER
CENTRAL CONTRA COSTA SANITARY DISTRICT DRAFT
MEETING DATE: AUGUST 13, 2018
SUBJECT: RECEIVE FISCAL YEAR 2017-18 CAPITAL IMPROVEMENT BUDGET PRE-
AUDIT YEAR-END STATUS REPORT
SUBMITTED BY: INITIATING DEPARTMENT:
EDGAR J. LOPEZ, CAPITAL PROJECTS ENGINEERING AND TECHNICAL SERVICES-
DIVISION MANAGER CAPITAL PROJECTS
REVIEWED BY: JEAN-MARC PETIT, DIRECTOR OF ENGINEERING AND TECHNICAL
SERVICES
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 Improvement
Program.
BACKGROUND
A public hearing was held on June 1, 2017, after which the Board adopted the FY 2017-18 Cl B. The
proposed revenue and estimated expenditures for the FY 2017-18 C I B were $39,327,800 and
$46,471,559, respectively. Based on the pre-audit June 2018 financial statements, the actual revenues
and expenditures are $44,850,100 and $39,504,606, as detailed in Attachment 1 - Fiscal Year 2017-18
CI B Pre-Audit Year-End Status Report.
ALTERNATIVES/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 IMPACTS
Due to the higher FY 2017-18 Sewer Construction Fund revenues, the starting balances for FY 2018-19
were higher than projected.
August 13, 2018 EOPS Regular Committee Meeting Agenda Packet- Page 3 of 30
Page 2 of 3
COMMITTEE RECOMMENDATION
The Engineering and Operations Committee reviewed this subject at the August 13, 2018 meeting and
recommended the Board receive the report.
RECOMMENDED BOARD ACTION
Receive the FY 2017-18 CI B Pre-Audit Year-End Status Report.
ATTACHMENTS:
1. FY 2017-18 C I B Pre-Audit Year-End Status Report
August 13, 2018 EOPS Regular Committee Meeting Agenda Packet- Page 4 of 30
Page 3of3
Attachment 1
FY 2017-18 CIB Pre-Audit Year-End Status Report
Updated Table 9 — Sewer Construction Fund Revenues and Expenditures
Revenue
Sewer Service o 0
Charge
$1319671300 $1319671300 $1410601789 0.7% 0.7%
Ad Valorem Taxes $121100)000 $1211001000 $1319181715 15% 15%
Capacity Fees $51900)000 $519001000 $719371754 34.5% 34.5%
Pumped Zone Fees $513,000 $513,000 $1,301,061 153.6% 153.6%
Interest Income $3861000 $3861000 $7771226 101.4% 101.4%
Reimbursements
City of Concord $61000)000 $610001000 $613641725 6.1% 6.1%
All Other $4611500 $4611500 $4891830 6.1% 6.1%
Total Revenue $39,327,800 $39,327,800 $44,850,100 14% 14%
Expenditures
Treatment Plant o 0
Program
$1810451000 $2113831262 $1516811067 -13.1% -26.7/o
Collection System o 0
Program
$1814921000 $1715891856 $2012911192 9.7% 15.4%
General
Improvements $4,277,000 $5,474,829 $2,222,593 -48% -59.4%
Program
Recycled Water o 0
Program
$4601000 $5231612 $113091754 184.7% 150.1%
Contingency 3 $115001000 $115001000 $0 0% 0%
Total Expenditures $42,774,000 $46,471,559 $39,504,606 -7.6% -15.0%
Budget at time of adoption on June 1, 2017.
2 Includes Developer Fees, Charges, and other reimbursements.
3 Contingency budget transferred to CIB programs.
August 13, 2018 EOPS Regular Committee Meeting Agenda Packet- Page 5 of 30