HomeMy WebLinkAbout06. Handout-Presentation re Fin. Stmts.rI
Centr Contra Costa Sanitary Dist
Financial Statements
as of June 30, 2010
October 21, 2010
Cropper Accountancy Corporation
6�
e 4 r V .�
Items worthy of discussion
• Balance Sheet
— New incremental debt of
$30,000,000(p 25)
— Accounts Receivable
Proposition 1A loan of
$985,916 was
reclassified from
deferred revenue and
fully reserved (p 23)
— OPEB Liability
shows an asset of
$746,931 (p 31)
• Profit and Loss
— Operating expenses
are down $555,000
(p 10)
— Budget
Favorable Variance of
$3,188,065 (p 36)
3
Condensed Statement of Revenues, Expenses, and Changes in Net
Assets
REVENUES
2009.2010
2008.2009
2001 -2008
Sewer Service Charges(SSC)
$ 57,357,188
71%
$ 51,843,311
$ 48,414,017
Other Service Charges and mist
1,474,898
2%
1,540,833
1,465,569
Total Operating Revenue
58,832,086
73%
53,384,144
49,879,586
Customer ConsiWtians(SSC)
6,793,040
8%
13,938,421
14,970,637
Property Tax
12,260,123
15%
12,539,375
12,254,168
Pent& Inspection Fees
776,348
1%
1,093756
1,335,160
Interest and At Other
1,568,235
2%
1,672,618
3,771,438
Total Non- Operating Revenues
21,397,746
27%
29,244,170
32,331,403
Total Revenues
80,229,832
100%
82,628,314
82,210,989
4
EXPENSES
2009 -2010
20W2009
2007-2008
Total Labor and Benefits
39,986,763
39,440,034
3],312,4]2
Chemicals & Utilities
6,268,343
7,414,467
],223,87]
Rapers and Maintenance
2,868,675
3,057,540
2,985,670
Professional, Legal and Outside SeNces
2,129,552
2,832,001
2,613,658
Materials & Supplies
1705,649
1,954,286
1 1,728,963
Hauling and Disposal
939,960
880,589
8]],885
Self - Insurance Expense
746,612
958,906
916,639
All Other
1,223,191
1,437,429
1,247,298
Depredation Expense
20,969,429
19,417,941
18,615,747
Total Operating Expenses
76,638,174
1 T1,393,195
]3,522,209
Non - Operating Expense - Interest Expense
2,539,383
1,421,686
1,518,142
Total Expenses
79,3T1,557
78,814,881
75,090,351
Revenues
Expenses
<, _.
LABOR COSTS
FY 2009 -10
Salaries 8enefit,to5ala,yRatlp=85 %.°
Benefits
231510,057
19,933,376
Capitalized Overhead & Benefits
- 3,456,670
Total Labor Costs
39,986,763
Total District Expenses
$ 76,838,174
Less: Non -cash items
- 20,969,429
Net Expenses
$ 55,868,745
tabor vests a app 72% of net ex - _ °l
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