HomeMy WebLinkAbout03. Receive Financial Overview through the month of June2022 (unaudited) Page 1 of 3
Item 3.
CENTRALSAN
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CENTRAL CONTRA COSTA SANITARY DISTRICT
September 1, 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 JUNE 2022
(UNAUDITED)
Attached are the unaudited Fiscal Year (FY) 2021-22 Financial Overviews for the Operations and
Maintenance (O&M) and Sewer Construction funds through the month of June 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. The FY 2021-22 year-end audit is currently underway and the search for
potential payable accruals is ongoing until the close of the audit. A more accurate assessment of FY
2021-22 pre-audit year-end results will be provided to the Board in a forthcoming meeting. Any material
changes from this un-audited financial overview will be disclosed by staff.
Strategic Plan re-In
GOAL FOUR: Governance and Fiscal Responsibility
Strategy 1 - Promote and uphold ethical behavior, openness, and accessibility, Strategy 3- Maintain financial stability
and sustainability
ATTACHMENTS:
1. Monthly Financial Overview through June 2022 (Unaudited)
September 1, 2022 Regular Board Meeting Agenda Packet- Page 17 of 86
Attachment 1
O&M Fund Total FY 21-22 YTD Expenses by Month
$79.5M
$80,000,000
$70,000,000
$75.4M
$60,000,000
$$0,000,000
®...,
$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 Actual
September 1, 2022 Regular Board Meeting Agenda Packet- Page 18 of 86
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
$100,000,000
$113.3M
$90,000,000
$80,000,000
$70,000,000
$60,000,000
$73.8M
$50,000,000
$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* f Target** f Actual
*Includes unspent rollover appropriations from PY budget.
September 1, 2022 Regular Board Meeting Agenda Packet- Page 19 of 86