HomeMy WebLinkAbout06. Receive Financial Overview through the month of February 2022 Page 1 of 3
Item 6.
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 FEBRUARY
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 February 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 February 2022
April 7, 2022 Regular Board Meeting Agenda Packet- Page 63 of 194
Attachment 1
O&M Fund Total FY 21-22 YTD Expenses by Month
$80,000,000
$79.5M
$70,000,000
$60,000,000
$51.8M
$So,000,000
$48.5M
$40,000,000
$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 --W-Actual
April 7, 2022 Regular Board Meeting Agenda Packet- Page 64 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
$87.3M
$90,000,000
$80,000,000
$67.8M
$70,000,000
$60,000,000
$50,000,000 $42.8M
$40,000,000 —
$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
--W-Budget* Target** —FActual
*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 65 of 194