HomeMy WebLinkAbout03.b. Budget to Actual Expenditure Overview through the month of September 2023Page 1 of 3
Item 3.b.
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October 27, 2023
TO: FINANCE COMMITTEE
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 SEPTEMBER 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 September 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 September 2023
October 27, 2023 Special FINANCE Committee Meeting Agenda Packet - Page 96 of 135
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 23.9M
$20,000,000
$21.7M
$10,000,000
Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24
--*—Actual Budget
October 27, 2023 Special FINANCE Committee Meeting Agenda Packet - Page 97 of 135
Total FY 23-24 YTD Capital Outlays by Month
Sewer Construction Fund
$160
$150.0
$150
$140
$130
$120
$135.0
$110
$100
$90
0
$80
$70
$60
$50
$40 $25.5
$30
$20
$23.0
$10
$12.3
$-
July August September October November December January February March April May June
—0-- Budget* —0— Target** f Actual
*Budget amount presented is FY 23-24 capital bduget of $71.2M plus prior year carryforward (reduced by $18.5M per adopted budget)
**Per Stragic Plan goals, target is equal to 90% of Board -approved budget
October 27, 2023 Special FINANCE Committee Meeting Agenda Packet - Page 98 of 135