HomeMy WebLinkAbout04.b. Receive financial overview through May 2022Item 4.b.
J une 21, 2022
T O: F I NA NC E C O MMI T T E E
F RO M :C HR I S TO P HE R T HO MA S , A C C O UNT I NG S UP E RV I S O R
K E V I N MI Z UNO, F I NA NC E MA NA G E R
RE V IE WE D B Y:P HI L I P L E I B E R , D I R E C TO R O F F I NA NC E A ND A D MI NI S T R AT I O N
R O G E R S. B A I L E Y, G E NE R A L MA NA G E R
S UB J E C T: R E C E I V E F I NA NC I A L O V E RV I E W T HR O UG H T HE MO NT H O F MAY 2022
Attached are the F iscal Year (F Y) 2021-22 F inancial Overviews f or the Operations and Maintenance
(O&M) and Sewer C onstruction funds through the month of May 2022. T hese monthly overview reports
illustrate year-to-date spending compared to the estimated year-to-date budget at the f und level in order to
provide a high-level overview of Central S an's fiscal perf ormance.
W hile these monthly F inancial Overview reports provide a summary-level snapshot of Central S an's fiscal
performance, a more robust report is provided to the B oard on a quarterly basis which summarizes
financial results in more detail. W hile staf f considers the monthly F inancial 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-I n
G O A L TH R EE: Fiscal R esponsibility
Strategy 1 – Maintain financial stability and sustainability , Strategy 2 – Ensure integrity and transparency in financial
management
AT TAC HM E NT S :
D escription
1. Monthly F inancial Overview through May 2022
June 21, 2022 Regular FINANCE Committee Meeting Agenda Packet - Page 84 of 101
Page 1 of 3
$66.9M$72.4M$79.5M $- $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22O&M Fund Total FY 21-22 YTD Expenses by MonthBudgetActualJune 21, 2022 Regular FINANCE Committee Meeting Agenda Packet - Page 85 of 101 Page 2 of 3
$59.6M$90.3M$113.3M$116.2M$145.9M $- $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 $100,000,000 $110,000,000 $120,000,000 $130,000,000 $140,000,000 $150,000,000Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22Sewer Construction Fund Total FY 21-22 YTD Expenses by MonthBudget*Target**Actual*Includes unspentrollover 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)June 21, 2022 Regular FINANCE Committee Meeting Agenda Packet - Page 86 of 101 Page 3 of 3