HomeMy WebLinkAbout04.e. Receive budget-to-actual overview through January 2023 Page 1 of 3
Item 4.e.
CENTRAL SAN
February 21, 2023
TO: FINANCE COMMITTEE
FROM: KEVIN MIZUNO, FINANCE MANAGER
CHRISTOPHER THOMAS, ACCOUNTING SUPERVISOR
REVIEWED BY: PHILIP LEIBER, DIRECTOR OF FINANCE AND ADMINISTRATION
ROGER S. BAILEY, GENERAL MANAGER
SUBJECT: RECEIVE BUDGET-TO-ACTUAL EXPENDITURE OVERVIEW THROUGH
THE MONTH OF JANUARY 2023
Attached are the Fiscal Year(FY) 2022-23 Budget-to-Actual Expenditure Overviews for the Operations
and Maintenance (O&M) and Sewer Construction funds through the month of January 2023. 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 overviews 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 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. Budget-to-Actual Expenditure Overview through January 2023
February 21, 2023 Regular FINANCE Committee Meeting Agenda Packet- Page 133 of 198
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
$49.OM
$50,000,000
$40,000,000
$46.7M
$30,000,000
$20,000,000
$10,000,000
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 •--W-Budget
February 21, 2023 Regular FINANCE Committee Meeting Agenda Packet- Page 134 of 198
Sewer Construction Fund Total FY 22-23 YTD Expenses by Month
$165,000,000
$158.0M
$150,000,000
$135,000,000
$120,000,000
$105,000,000
$116.2M
$78A
$90,000,000 —nnZ
$75,000,000
$60,000,000
$45,000,000 $57-.4""
$30,000,000
$15,000,000 $30.7M
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 unspent rollover appropriations from PY) Budget* tTar et** --W-Actual
of total authorized spending(reduced by$28.9M per updated mid-year projections) g g
February 21, 2023 Regular FINANCE Committee Meeting Agenda Packet- Page 135 of 198