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HomeMy WebLinkAbout11.a. Att 4-Revision Log Page 324 of 358 REVISION LOG ATTACHMENT 4 Edits made to the Draft FY 2020-21 Budget since distribution to the Board on May 7, 2020 Page# Description of Change 32 Added a new key budget priority tied to the newly-added Goal 7 of the Strategic Plan: "Adjusting operations in response to the COVID-19 pandemic". 41 Note that Financial Plan has been updated to reflect the customer relief program elements. 44 Updated Figure 1 -Total Funding Sources to reflect higher draw on reserves due to no rate adjustment for FY 2020-21. 44 Updated Figure 2 -Total Funding Sources to reflect higher draw on reserves due to no rate adjustment for FY 2020-21. 45 Commentary about Capacity Fees now includes Pumped Zone Fees as a subcomponent of Capacity Fees. 46-47 Table 2 - Pumped Zone Fees moved from "Other Revenue Sources"to below "Capacity Fees," which has also been appended with the word "-Gravity". 48 Same as with Table 2. Table 2a - Pumped Zone Fees moved from "Other Revenue Sources"to below "Capacity Fees," which has also been appended with the word "-Gravity". 49 Sewer Service Charge changes made to reflect deferral of 7/1/2020 rate adjustment. Updated Table 3. Added footnote. 49 Sewer Service Charge-Added table to reflect various rate relief efforts implemented and considered by Board. 49-50 Commercial Sewer Service Charges- FY 2020-21 rates continue as in FY 2019-20. 51 Table 5 -Allocation of SSC- Updated allocation of SSC between Running Expense and Sewer Construction funds given decision to defer rate adjustment to 7/1/2021. 51 Updated "Use of Funds" discussion to reflect that 0&M and Capital use 98%of total funds. 53 Table 6- Budgeted O&M Revenues- Updated table for revised split of SSC between O&M and Capital. 53-54 Updated commentary on O&M revenue changes to reflect revised allocation of SSC to O&M. Also corrected statement about Concord revenue. 54 Changed wording of the categories of O&M costs, along with changes in Table 7. 55 Revisions to wording/classification of O&M costs. Also updated final row to reflect "Contribution to (Draw from) Reserve," adding "Draw from". 57 ITable 7a - Removed two rows to reflect changes made in Table 7. 57 Enhanced description of CCCERA cost changes. 58 Unfunded Liabilities- revised discussion to mirror revised presentation in Table 7. Updated Table 8 to reflect sum of parent expense line items in Operational Division budgets. 59 Previously excluded professional expense reimbursement and tuition reimbursements per labor agreements are now included. Also updated immediately preceding narrative for this table. 59 Updated Other Expenses variance explanation to reflect change on page 114 in Director of Engineering&Technical Services Division (decrease of$230). 59 Slight edits to "Other expense amount" regarding Technical Training, Conferences & Meetings. 62 Changed FY to 2022-23 to reflect 18-month delay of rate implementation from valuation date. 63 Table 10-Total Labor Costs Summary- Edits reflecting review of terminology around labor, benefits, and UAAL costs. 68 Table 14- Reserve Projections- Updated calculation to reflect no SSC rate adjustment for July 1, 2020. Affects O&M and Sewer Construction columns. Also made adjustment to Self-Insurance. 69 Table 14- Reserve Projections- Updated Pension and OPEB Trust funds projection to reflect recovery seen in stock market thus far in Q2 of 2020. 1 May 21, 2020 Regular Board Meeting Agenda Packet- Page 431 of 505 Page 325 of 358 REVISION LOG ATTACHMENT 4 Edits made to the Draft FY 2020-21 Budget since distribution to the Board on May 7, 2020 Page# Description of Change 71-72 Figure 11-Added line for budgeted expenditures to chart and corrected FY 2018-19 actual spending amounts by program. Updated total 10-year spending from $327.6 million to$334.7 million. 86 Strategic accomplishment for HR/Safety re: biweekly payroll -Changed "Launched"to "Completed preliminary design of and reworded the rest of the phrase for succinctness. Added new FY 2020-21 objective for HR/Safety related to Strategic Goal 7—Maintain a Safe Working 87 Environment for Employees and the Public During the COVID-19 Pandemic: "As may be necessary, modify work schedules and conditions to reflect social distancing best practices and ensure proper personal protective equipment is provided" Added new FY 2020-21 objective for HR/Safety: "Configure,test, and implement a bi-weekly payroll 88 system within the new ERP to transition from once-monthly paydays through the previous software." Director of Engineering&Technical Services' "other" expense category reduced by$230 in 114 memberships to reconcile to agree to Financial Summary section. Memberships reduced from $1,144 to$914. Also updated variances and sub-totals. Updated last strategic accomplishment bullet to reflect that the employee was invited to speak and 126 present but did not present on "Taking a Micro-Services Approach to Feature Manipulation Engine (FME) Server Workspace Design" due to the conference being postponed due to COVID-19. Updated second strategic accomplishment bullet to reflect that the employee was invited to speak 127 and present but did not present on "The Pressure's On! Modeling the Way for Recycled Water Purple Pipe Optimization" due to the conference being postponed due to COVID-19. 139 Corrected various grammatical errors in the final bullet under Strategic Accomplishments. 281 Table 1 -Salaries, Benefits and Unfunded Liabilities table-Aggregate (O&M &Sewer Construction) - Changed category names for consistency with Table 10. 282 Table 2 -Salaries, Benefits and Unfunded Liabilities table for O&M -Changed category names for consistency with Table 10. 283 Table 1 -Salaries, Benefits and Unfunded Liabilities table-Sewer Construction -Changed category names for consistency with Table 10. 284-285 Table 4-Salaries, Benefits and Unfunded Liabilities table-Changed category names for consistency with Table 10. 287 Figure 2 - Removed title from chart which was duplicative. 2 May 21, 2020 Regular Board Meeting Agenda Packet- Page 432 of 505