HomeMy WebLinkAbout03.b. Budget-To-Actual Expenditure Overview Through the Month of April 2023Page 1 of 3
Item 3.b.
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May 23, 2023
TO: FINANCE COMMITTEE
FROM: KEVIN MIZUNO, FINANCE MANAGER
CHRISTOPHER THOMAS, ACCOUNTING SUPERVISOR
REVIEWED BY: PHILIP LEIBER, DEPUTYGENERAL MANAGER
ROGER S. BAILEY, GENERAL MANAGER
SUBJECT: RECEIVE BUDGET -TO -ACTUAL EXPENDITURE OVERVIEW THROUGH
THE MONTH OF APRI L 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 April 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 3 - Maintain financial stability and sustainability
ATTACHMENTS:
1. Budget -to -Actual Expenditure Overview through April 2023
May 23, 2023 Regular FINANCE Committee Meeting Agenda Packet - Page 82 of 166
0&M Fund Total FY 22-23 YTD Expenses by Month
$90,000,000
$80,000,000 $71.2M
$85.OM
$70,000,000
$60,000,000
$50,000,000
$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
May 23, 2023 Regular FINANCE Committee Meeting Agenda Packet - Page 83 of 166
Sewer Construction Fund Total FY 22-23 YTD Expenses by Month
$165,000,000
$130,000,000
$135,000,000
$120,000,000
$105,000,000
$90,000,000
$75,000,000
$60,000,000
$43,000,000
$30,000,000
$13,000,000
Jul-22 Aug-22 Sep-22 Oct-22 Nov-22
*Total authorized spending (2022-23 budget plus unspent rollover appropriations from PY)
**90% of total authorized spending (reduced by $28.9M per updated mid -year projections)
$158.0M
Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
tBudget* (Target** tActual
May 23, 2023 Regular FINANCE Committee Meeting Agenda Packet - Page 84 of 166