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HomeMy WebLinkAbout12.a. Receive proposed Central San Fiscal Year 2022-23 Budget Page 1 of 358 Item 12.a. CENTRALSAN jdf A- hom CENTRAL CONTRA COSTA SANITARY DISTRICT May 26, 2022 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 JEAN-MARC PETIT, DIRECTOR OF ENGINEERING & TECHNICAL SERVICES ROGER S. BAILEY, GENERAL MANAGER SUBJECT: RECEIVE PROPOSED CENTRAL SAN FISCAL YEAR 2022-23 BUDGET FOR THE FOLLOWING FUNDS: • OPERATIONS AND MAINTENANCE • CAPITAL IMPROVEMENT • SELF-INSURANCE • DEBT SERVICE Central San's draft Fiscal Year(FY) 2022-23 Budget book (Attachment 1)was distributed to Board Members on May 5, 2022, at a regularly scheduled public meeting. The following is a timeline of meetings where the proposed FY 2022-23 Budget has been or will be further considered by Board Committees and the Board: May 9 Finance Committee review of Overall Budget with a focus on Operations and Maintenance, Self-I nsurance, and Debt Service May 11 Engineering & Operations Committee review of Capital I mprovement Budget (CI B) May 26 Presentation of Budget by staff at Board Meeting June 16 Public Hearing on Budget Adoption Commencing on page 45 of the FY 2022-23 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 2022-23 budget is included as Attachment 2. 1 n addition, a presentation providing providing an overview of FY 2022-23 CI B as well as the long-term (10-year) Capital I mprovement Plan (CI P) is included as Attachment 3. May 26, 2022 Special Board Meeting Agenda Packet- Page 108 of 532 Page 2 of 358 At this meeting, the Board is being asked to review and provide feedback on the proposed FY 2022-23 Budget following presentations by staff. To have sufficient time to produce a final budget book for distribution as part of the June 16, 2022 Board meeting agenda packet, staff requested that all Board Members provide any edits by the end of the day on Wednesday, June 1, 2022. A final list of all budget revisions made to the May 5th draft of the Budget book will be included with the June 16, 2022 Position Paper when the Board is scheduled to conduct a public hearing and consider adopting the proposed FY 2022-23 Budget. 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. FY 2022-23 Budget Draft (as provided to Board 05-05-22) 2. Budget Overview Presentation 3. Capital Improvement Budget Presentation May 26, 2022 Special Board Meeting Agenda Packet- Page 109 of 532