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HomeMy WebLinkAbout13.a. Receive proposed Fiscal Year 2021-22 Budget Page 1 of 349 Item 13.a. CENTRALSAN Jdf A- hom CENTRAL CONTRA COSTA SANITARY DISTRICT May 20, 2021 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 ROGER S. BAILEY, GENERAL MANAGER SUBJECT: RECEIVE PROPOSED CENTRAL SAN FISCAL YEAR 2021-22 BUDGET FOR THE FOLLOWING FUNDS: • OPERATIONS AND MAINTENANCE • CAPITAL IMPROVEMENT • SELF-INSURANCE • DEBT SERVICE Central San's draft Fiscal Year(FY) 2021-22 budget book (Attachment 3)was distributed to Board Members on May 6, 2021, at a regularly scheduled public meeting. The following is a timeline of meetings where the proposed FY 2021-22 Budget has been or will be further considered by Board Committees and the Board: May 11 Engineering & Operations Committee review of Capital Budget May 17 Finance Committee review of Overall Budget with Focus on Operations and Maintenance, Self-Insurance, Debt Service May 20 Presentation of Budget by staff at Board Meeting June 3 Public Hearing on Budget Adoption Commencing on page 45 of the FY 2021-22 draft Budget book, the Financial Summary section provides a comprehensive synopsis of the core elements of Central San's entire budget including analysis of specific funds, revenues, expenses, and reserves. A presentation providing an overview of the proposed FY 2021-22 budget is included as Attachment 1. In addition, a presentation providing providing an overview of FY 2021-22 capital program as well as the long-term (10-year) capital plan is included as Attachment 2. Following distribution of the draft Budget book to Board members on May 6, 2021 (provided here as Attachment 3), it was identified that certain table cells were inadvertently deleted when making a correction to "Table 14 Reserve Projections" (pg. 75). Staff has made the necessary corrections to this May 20, 2021 Regular Board Meeting Agenda Packet- Page 85 of 457 Page 2 of 349 table which are reflected in Attachment 4. Additionally, the initial May 6 draft of the Budget book had a chart that was marked "Draft" on page 191. The graphic "FY 2021-22 Capital Improvement Budget Construction Commitments" has been completed and is included as Attachment 5. At this meeting, the Board is being asked to review and provide feedback on the proposed FY 2021-22 Budget following presentations by staff. To have sufficient time to produce a final budget book for distribution as part of the June 3, 2021 Board meeting agenda packet, staff requested that all Board Members provide any edits by the end of the day on Friday, May 21, 2021. A final list of all budget revisions made to the May 6 draft of the Budget book will be included with the June 3, 2021 Position Paper when the Board is scheduled to conduct a public hearing and consider adopting the proposed FY 2021-22 Budget. Roger S. Bailey General Manager Strategic Plan Tie-In GOAL THREE: Fiscal Responsibility Strategy 1—Maintain financial stability and sustainability, Strategy 2—Ensure integrity and transparency in financial management ATTACHMENTS: 1. Proposed FY 2021-22 O&M Budget Presentation 2. Proposed FY 2021-22 C I B and Ten-Year C I P Presentation 3. FY2021-22 Budget Draft (as provided to Board 05-06-21) 4. Replacement Page 75 in Budget Book 5. Replacement Page 191 in Budget Book May 20, 2021 Regular Board Meeting Agenda Packet- Page 86 of 457