HomeMy WebLinkAbout04. Receive Budget-To-Actual expenditure overivew through the month of April 2024Item 4.
J une 6, 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 M - 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 A P R I L 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 A pril 2024. T hese 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 S an's interim f iscal performance as it relates
to spending. T he S ewer Construction report now includes a dashed line projection of spending from the
current month through year-end.
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 A pril 2024
June 6, 2024 Regular Board Meeting Agenda Packet - Page 18 of 231
Page 1 of 3
Attachment 1$76.6M$91.4M$70.9M $- $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 $100,000,000Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24O&M Fund Total FY 23‐24 YTD Expenses by MonthActualBudgetJune 6, 2024 Regular Board Meeting Agenda Packet - Page 19 of 231 Page 2 of 3
$107.4$150.7$91.0$58.3$85.5 $- $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 $110 $120 $130 $140 $150July August September October November December January February March April May JuneBudget to Actual Spending TrendSewer Construction Fund (in millions)BudgetTarget (90% of Budget)ActualProjectedJune 6, 2024 Regular Board Meeting Agenda Packet - Page 20 of 231 Page 3 of 3