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HomeMy WebLinkAbout11.a. Receive proposed FY 2020-21 Budget Page 1 of 358 Item 11.a. �9*k CENTRAL SAN CENTRAL CONTRA COSTA SANITARY DISTRICT May 21, 2020 TO: HONORABLE BOARD OF DIRECTORS FROM: KEVIN MIZUNO, FINANCE MANAGER EDGAR LOPEZ, CAPITAL PROJECTS DIVISION MANAGER REVIEWED BY: PHILIP LEIBER, DIRECTOR OF FINANCE AND ADMINISTRATION ANN SASAKI, DEPUTY GENERAL MANAGER ROGER S. BAILEY GENERAL MANAGER SUBJECT: RECEIVE PROPOSED CENTRAL SAN FISCAL YEAR 2020-21 BUDGET FOR THE FOLLOWING FUNDS: • OPERATIONS AND MAINTENANCE • CAPITAL IMPROVEMENT • SELF-INSURANCE • DEBT SERVICE Attached are PowerPoint presentations covering the Fiscal Year 2020-21 proposed budget, and an electronic version of the budget book distributed to the Board on May 7, 2020. The proposed budget has been/will be further considered by Board Committees and the Board as follows: May 12 Engineering & Operations Committee review of Capital Budget May 18 Finance Committee review of Overall Budget with Focus on Operations and Maintenance, Self-I nsurance, Debt Service May 21 Presentation of Budget by Staff at Board Meeting June 4 Public Hearing on Budget Adoption Several revisions are being made to the draft budget book that was distributed to the Board on May 7, 2020. Chiefly, these revisions pertain to the newly approved residential customer relief program and the incorporation of a new"Goal 7" to the list of Budget Priorities summarizing Central San's response to the COVI D-19 pandemic. A log of all revisions to the budget book is included as Attachment 4. Furthermore, given that the changes resulting from the customer relief program recently approved by the Board had substantive impacts on FY 2020-21 budgeted sewer service charges revenue, a revised Financial Summary section with track changes has been provided (Attachment 5). It should be noted that a page describing the overall Customer Relief Program contains one element already approved by the Board (related to the sewer service charge rate change that was to have been implemented July 1, 2020) and May 21, 2020 Regular Board Meeting Agenda Packet- Page 108 of 505 Page 2 of 358 two that are yet to be considered by the Board (scheduled for this meeting on May 21, 2020). At this meeting, the Board is being asked to review and provide input on the proposed FY 2020-21 Budget following presentations by staff. To have sufficient time to produce a final budget book for distribution as part of the June 4, 2020 Board meeting agenda packet, staff is requesting that all Board Members provide any edits by the end of the day on Friday, May 22, 2020. A final list of all budget revisions made to the May 7, 2020 draft of the budget book will be included as an attachment to the June 4, 2020 position paper where the Board is scheduled to consider adopting the proposed budget following a public hearing. Strategic Plan Tie-In GOAL THREE: Be a Fiscally Sound and Effective Water Sector Utility Strategy 1 - Conduct long-range financial planning, Strategy 2- Manage costs ATTACHMENTS: 1. Proposed FY 2020-21 O&M Budget Presentation 2. Proposed FY 2020-21 CI B Budget & 10 Year I mprovement Plan Presentation 3. FY 2020-21 Budget Draft (as provided to Board 5-7-20) 4. Revision Log (as of 5-14-20) 5. Revised Financial Summary Section (with track changes) May 21, 2020 Regular Board Meeting Agenda Packet- Page 109 of 505