HomeMy WebLinkAbout05. Receive Budget-to-Actual Expenditure overview through the month of August 2023 Page 1 of 3
Item 5.
CENTRALSAN
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CENTRAL CONTRA COSTA SANITARY DISTRICT
October 5, 2023
TO: HONORABLE BOARD OF DIRECTORS
FROM: KEVIN MIZUNO, FINANCE MANAGER
CHRISTOPHER THOMAS, ACCOUNTING SUPERVISOR
REVIEWED BY: PHILIP LEIBER, DEPUTYGENERAL MANAGER -ADMINISTRATION
ROGER S. BAILEY, GENERAL MANAGER
SUBJECT: RECEIVE BUDGET-TO-ACTUAL EXPENDITURE OVERVIEW THROUGH
THE MONTH OF AUGUST 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 August 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 August 2023
October 5, 2023 Regular Board Meeting Agenda Packet- Page 36 of 144
O&M Fund Total FY 23-24 YTD Expenses by Month
$100,000,000
$90.9M
$90,000,000
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$16.9M
$20,000,000
$10,000,000
$12.SM
Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24
--*—Budget Actual
October 5, 2023 Regular Board Meeting Agenda Packet- Page 37 of 144
Sewer Construction Fund Total FY 23-24 YTD Expenses by Month
$150,000,000
$146.6M
$140,000,000
$130,000,000
$120,000,000
$131.9M
$110,000,000
$100,000,000
$90,000,000
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000 — $9.14
$10,000,000 $8.1M
$- $3.8M
Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24
tBudget* tTarget** tActual
*Includes unspent rollover appropriations from PY budget.
October 5, 2023 Regular Board Meeting Agenda Packet- Page 38 of 144