HomeMy WebLinkAbout04.b. Receive the Financial Overview through the month of January 2022Page 1 of 3
Item 4.b.
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February 22, 2022
TO: FINANCE COMMITTEE
FROM: CHRISTOPHER THOMAS, ACCOUNTING SUPERVISOR
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
JANUARY 2022
Attached are the Fiscal Year (FY) 2021-22 Financial Overview charts for the Operations and Maintenance
(O&M) and Sewer Construction funds through the month of January 2022. These monthly overview
charts 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 charts 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 January 2022
February 22, 2022 Regular FINANCE Committee Meeting Agenda Packet - Page 89 of 202
Attachment 1
O&M Fund Total FY 21-22 YTD Expenses by Month
$80,000,000
$79.SM
$70,000,000
$60,000,000
$50,000,000 $45.5M
$40,000,000 —
$43.OM
$30,000,000 —
$20,000,000
$10,000,000
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 (Actual
February 22, 2022 Regular FINANCE Committee Meeting Agenda Packet - Page 90 of 202
Sewer Construction Fund Total FY 21-22 YTD Expenses by Month
$150,000,000
$145.9M
$140,000,000
$130,000,000
$120,000,000
$110,000,000 $113.3M
$100,000,000
$90,000,000
$80,000,000 $74.8M
$70,000,000
$58.1M
$60,000,000
$50,000,000 —
$39.2M
$40,000,000 p —
$30,000,000
$20,000,000
$10,000,000
$-
Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22
tBudget* tTarget** tActual
*Includes unspent rollover appropriations from PY budget
**90% of budget (with rollover) further adjusted for estimated reduction in spending on solids handling project in FY 21-22 ($20M overall)
February 22, 2022 Regular FINANCE Committee Meeting Agenda Packet - Page 91 of 202