HomeMy WebLinkAbout05. Receive Financial Overview through the month of August 2022 Page 1 of 3
Item 5.
CENTRALSAN
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CENTRAL CONTRA COSTA SANITARY DISTRICT
October 6, 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 AUGUST
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 August 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.
Each year, the fiscal year-end close and audit-preparation process takes additional time which causes
temporary setbacks to the release of the July and August financials. Considering the limited activity that
occurs in in July(1st month of the new fiscal year) and as the financial information in August is more
relevant at this point in time, a separate July overview report will not be presented to the Board.
While these monthly Financial Overview reports provide a summary-level snapshot of Central San's fiscal
performance, a more detailed 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 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. Financial Overview Through August 2022
October 6, 2022 Regular Board Meeting Agenda Packet- Page 65 of 317
O&M Fund Total FY 22-23 YTD Expenses by Month
$90,000,000
$80,000,000
$85.0M
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$14.OM
$20,000,000
$10,000,000
✓ `$11.3M
Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Actual Budget
October 6, 2022 Regular Board Meeting Agenda Packet- Page 66 of 317
Sewer Construction Fund Total FY 21-22 YTD Expenses by Month
$165,000,000
$158.M
$150,000,000
$135,000,000
$120,000,000
$142.2M
$105,000,000
$90,000,000
$75,000,000
$60,000,000
$45,000,000
$30,000,000 $11.11W
$15,000,000 $10.M
$2.7M
Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
*Total authorized spending(2022-23 budget plus unspentrollover appropriations from PY) f Budget* —W—Target- f Actual
**90%of budget,including PY rollover
October 6, 2022 Regular Board Meeting Agenda Packet- Page 67 of 317