HomeMy WebLinkAbout05. Receive Budget-to-Actual Expenditures overview through the month of May 2023Page 1 of 3
Item 5.
LCENTRAL SAN
July 6, 2023
FROM: KEVIN MIZUNO, FINANCE MANAGER
CHRISTOPHER THOMAS, ACCOUNTING SUPERVISOR
REVIEWED BY: PHILIP LEI BER, DEPUTY GENERAL MANAGER, ADMINISTRATION
ROGER S. BAILEY, GENERAL MANAGER
SUBJECT: RECEIVE BUDGET -TO -ACTUAL EXPENDITURE OVERVIEW THROUGH
THE MONTH OF MAY2023
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 May 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 May 2023
July 6, 2023 Regular Board Meeting Agenda Packet - Page 31 of 151
O&M Fund Total FY 22-23 YTD Expenses by Month
$90,000,000
$78.OM
$80,000,000
$85.OM
$70,000,000
$74.7M
$60,000,000
$50,000,000
$40,000,000
$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
July 6, 2023 Regular Board Meeting Agenda Packet - Page 32 of 151
$165,000,000
$150,000,000
$135,000,000
$120,000,000
$105,000,000
$90,000,000
$75,000,000
$60,000,000
$45,000,000
$30,000,000
$15,000,000
Sewer Construction Fund Total FY 22-23 YTD Expenses by Month
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)
Dec -22 Jan -23 Feb -23 Mar -23 Apr -23 May -23 Jun -23
July 6, 2023 Regular Board Meeting Agenda Packet - Page 33 of 151
tBudget* tTarget** --W—Actual