HomeMy WebLinkAbout03. Receive Budget-to-Actual expenditure overview through February 2023 Page 1 of 3
Item 3.
CENTRALSAN
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CENTRAL CONTRA COSTA SANITARY DISTRICT
April 6, 2023
TO: HONORABLE BOARD OF DIRECTORS
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 FEBRUARY2023
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 February 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 February 2023
April 6, 2023 Regular Board Meeting Agenda Packet- Page 18 of 176
O&M Fund Total FY 22-23 YTD Expenses by Month
$90,000,000
$80,000,000
$85.OM
$70,000,000
$55.6M
$60,000,000
$50,000,000
$53.3M
$40,000,000
$30,000,000
$20,000,000
$10,000,000 r
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
April 6, 2023 Regular Board Meeting Agenda Packet- Page 19 of 176
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 I
$89.6M
$116.2M
$90,000,000
$75,000,000
$60,000,000
$65.9M
$45,000,000
$30,000,000
$33.8M
$15,000,000
$_
Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
*Total authorized spending(2022-23 budget plus unspent rollover appropriations from PY) tBud et* tTar et** --W—Actual
Aprilof total authorized spending(reduced by$28.9M per updated mid-year projections) g g
April 6, 2023 Regular Board Meeting Agenda Packet- Page 20 of 176