HomeMy WebLinkAbout05. Receive Financial Overview through the month of January 2022 Page 1 of 3
Item 5.
CENTRALSAN
Jdf A- hom
CENTRAL CONTRA COSTA SANITARY DISTRICT
April 7, 2022
TO: HONORABLE BOARD OF DIRECTORS
FROM: CHRISTOPHER THOMAS, ACCOUNTING SUPERVISOR
KEVIN MIZUNO, FINANCE MANAGER
REVIEWED BY: PHILIP LEIBER, DIRECTOR OF FINANCE AND ADMINISTRATION
ROGER S. BAILEY, GENERAL MANAGER
SUBJECT: RECEIVE FINANCIAL OVERVIEW THROUGH THE MONTH OF JANUARY
2022
Attached are the Fiscal Year(FY) 2021-22 Financial Overviews for the Operations and Maintenance
(O&M) and Sewer Construction funds through the month of January 2022. 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 January 2022
April 7, 2022 Regular Board Meeting Agenda Packet- Page 60 of 194
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
April 7, 2022 Regular Board Meeting Agenda Packet- Page 61 of 194
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** --11--Actual
*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)
April 7, 2022 Regular Board Meeting Agenda Packet- Page 62 of 194