HomeMy WebLinkAbout06. Receive Budget-to-actual expenditure overview through the month of January 2024Item 6.
March 7, 2024
T O: HO NO R A B L E B O A R D O F D I R E C TO R S
F RO M :C HR I S TO P HE R T HO MA S , A C C O UNT I NG S UP E RV I S O R
K E V I N MI Z UNO, F I NA NC E MA NA G E R
RE V IE WE D B Y:P HI L I P L E I B E R , D E P UT Y G E NE R A L MA NA G E R - A D MI NI S T R AT I O N
R O G E R S. B A I L E Y, G E NE R A L MA NA G E R
S UB J E C T: R E C E I V E B UD G E T-TO-A C T UA L E X P E ND I T UR E O V E RV I E W T HR O UG H
T HE MO NT H O F J A NUA RY 2024
Attached are the F iscal Year (F Y) 2023-24 B udget-to-A ctual E xpenditure Overviews for the Operations
and Maintenance (O&M) and Sewer C onstruction funds through the month of J anuary 2024. T hese
monthly overview reports illustrate year-to-date spending compared to the estimated year-to-date budget at
the f und level in order to provide a high-level overview of C entral San's interim fiscal perf ormance as it
relates to spending.
W hile these monthly overviews provide a summary-level snapshot of Central S an's fiscal perf ormance
from an expenditure trend perspective, a more robust report is provided to the B oard on a quarterly basis
which summarizes f inancial results in more detail. W hile staf f 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 Tie-I n
G O A L FO U R : G overnance and Fiscal R esponsibility
Strategy 1 - Promote and uphold ethical behavior, openness, and accessibility, Strategy 3 - Maintain financial stability
and sustainability
AT TAC HM E NT S :
D escription
1. B udget-to-A ctual E xpenditure Overview through J anuary 2024
March 7, 2024 Regular Board Meeting Agenda Packet - Page 20 of 306
Page 1 of 3
Attachment 1
$53.1M
$91.4M
$49.6M
$-
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
$90,000,000
$100,000,000
Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24
O&M Fund Total FY 23‐24 YTD Expenses by Month
Actual Budget
March 7, 2024 Regular Board Meeting Agenda Packet - Page 21 of 306
Page 2 of 3
$67.6
$150.0
$60.9
$135.0
$38.3
$-
$10
$20
$30
$40
$50
$60
$70
$80
$90
$100
$110
$120
$130
$140
$150
$160
July August September October November December January February March April May June
(i
n
m
i
l
l
i
o
n
s
)
Total FY 23‐24 YTD Capital Outlays by Month
Sewer Construction Fund
Budget*Target**Actual
*Budget amount presented is FY 23-24 capital budget 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
March 7, 2024 Regular Board Meeting Agenda Packet - Page 22 of 306
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