HomeMy WebLinkAbout06. Receive Budget-to-Actual expenditure overview through the month of June 2024Page 1 of 3
Item 6.
LICENTRAL SAN
September 5, 2024
FROM: BRENNAN ROGERS, ACCOUNTING SUPERVISOR
KEVIN MIZUNO, FINANCE MANAGER
REVIEWED BY: PHILIPLEIBER, DEPUTYGM -ADMINISTRATION
ROGER S. BAILEY, GENERAL MANAGER
SUBJECT: RECEIVE BUDGET -TO -ACTUAL EXPENDITURE OVERVIEW THROUGH
THE MONTH OF JUNE 2024
Attached are the Fiscal Year (FY) 2023-24 Budget -to -Actual Expenditure Overviews for the Operations
and Maintenance (O&M) and Sewer Construction funds through the fiscal year ended June 30, 2024.
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 interim fiscal
performance as it relates to spending. The Sewer Construction report now includes a dashed line
projection of spending from the current month through year-end.
While these monthly overviews provide a summary -level snapshot of Central San's fiscal performance
from an expenditure trend perspective, a more comprehensive 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 figures 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.
ATTACHMENTS:
1. Budget -to -Actual Expenditure Overview through June 2024
September 5, 2024 Regular Board Meeting Agenda Packet - Page 21 of 66
O&M Fund Total FY 23-24 YTD Expenses by Month
$100,000,000
$91AM
$90,000,000
$80,000,000 $86.OM
Al'$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$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
September 5, 2024 Regular Board Meeting Agenda Packet - Page 22 of 66
Budget to Actual Spending Trend
Sewer Construction Fund
(in millions)
$150 $149.6
$140
$130
$120 .' , $130.3
$110 ,
$100
$90 -
$80
$70 ��.4$92
.A'
$60
$50 - �-
$40 '
$30 -� -
$20-
$10
July August September October November December January February March April May June
4 Budget - ♦- Target (90% of Budget) +Actual
September 5, 2024 Regular Board Meeting Agenda Packet - Page 23 of 66