HomeMy WebLinkAbout05.c. Receive the Financial Overview through the month of October 2021Page 1 of 3
Item 5.c.
F__1_448�411C_S0
November 22, 2021
TO: FINANCE COMMITTEE
FROM: CHRISTOPHER THOMAS, FINANCE ADMINISTRATOR
KEVIN MIZUNO, FINANCE MANAGER
REVIEWED BY: PHILIPLEIBER, DIRECTOR OF FINANCE AND ADMINISTRATION
ROGER S. BAILEY, GENERAL MANAGER
SUBJECT: RECEIVE THE FINANCIAL OVERVIEW THROUGH THE MONTH OF
OCTOBER 2021
Attached are the FY 2021-22 Financial Overviews for the Operations and Maintenance (O&M) and Sewer
Construction funds through the month of October 2021. These monthly overview reports illustrate year-to-
date spending compared to the estimated year-to-date budget at the fund level in order to provide a high-
level overview of Central San's fiscal performance.
While these monthly Financial Overview reports provide a summary -level snapshot of Central San's fiscal
performance, a more robust report is provided to the Board on a quarterly basis which summarizes
financial results in more detail. While staff considers the monthly Financial Overview reports to be
materially accurate, it is emphasized that these are un-audited and may be subject to change following the
completion of quarterly and year-end "hard close" procedures, as well as adjustments arising from the
year-end independent audit.
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. Monthly Financial Overview through October 2021
November 22, 2021 Regular FINANCE Committee Meeting Agenda Packet - Page 136 of 167
Attachment 1
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
O&M Fund Total FY 21-22 YTD Expenses by Month
$32.SM
$26.3
---
$23.7M
$20,000,000
$18.6 M
/ $16.6M
$12.4M r
$10,000,000 10.4M
$6.3M 011,11,S.2M
$79.SM
Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22
Budget --E�--Actual
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November 22, 2021 Regular FINANCE Committee Meeting Agenda Packet - Page 137 of 167
Sewer Construction Fund Total FY 21-22 YTD Expenses by Month
$150,000,000
$140,000,000
$130,000,000
$120,000,000
$110,000,000
$100,000,000
$90,000,000
$80,000,000
$70,000,000
$60,000,000
$54.9M
$50,000,000
$40,000,000 $39.4M
$30,000,000
$20,000,000 $23.SM $21.4M
$10,000,000 $10.M 12.6M
$3.6M .6M
Jul-21 Aug-21 Sep-21 Oct-21
$116.2M
$109.1NJ�
$97.8
$87.3
$74.8M
$66.8M
Nov-21 Dec-21 Jan-22
Budget* °°°°°°°°°°°Actual
$145.9M
Feb-22 Mar-22 Apr-22 May-22 Jun-22
*Includes unspent rollover appropriations from PY budget.
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November 22, 2021 Regular FINANCE Committee Meeting Agenda Packet - Page 138 of 167