HomeMy WebLinkAbout06. Receive November 2022 financial overviewItem 6.
J anuary 19, 2023
T O: HO NO R A B L E B O A R D O F D I R E C TO R S
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 NO V E MB E R
2022
Attached are the F iscal Year (F Y) 2022-23 F inancial Overviews f or the Operations and Maintenance
(O&M) and Sewer C onstruction funds through the month of November 2022. T hese 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 C entral San's f iscal performance.
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 FO U R : G overnance and Fiscal R esponsibility
Strategy 1 - Promote and uphold ethical behavior, openness, and accessibility, Strategy 3 - Maintain financial stability
and sustainability
AT TAC HM E NT S :
D escription
1. F inancial Overview through November 2022
January 19, 2023 Regular Board Meeting Agenda Packet - Page 35 of 319
Page 1 of 3
$35.4M$85.0M$34.0M $- $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23O&M Fund Total FY 22‐23 YTD Expenses by MonthActualBudgetJanuary 19, 2023 Regular Board Meeting Agenda Packet - Page 36 of 319 Page 2 of 3
$54.7M$158.0M$49.2M$142.2M$17.3M $- $15,000,000 $30,000,000 $45,000,000 $60,000,000 $75,000,000 $90,000,000 $105,000,000 $120,000,000 $135,000,000 $150,000,000 $165,000,000Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23Sewer Construction Fund Total FY 22‐23 YTD Expenses by MonthBudget*Target**Actual*Total authorized spending (2022-23 budget plus unspentrollover appropriations from PY)**90% of budget,includingPY rolloverJanuary 19, 2023 Regular Board Meeting Agenda Packet - Page 37 of 319 Page 3 of 3