HomeMy WebLinkAbout06. Receive Budget-to-Actual Expenditure Overview throught the month of August 2024Page 1 of 3
Item 6.
110ENTRAL SAN
October 3, 2024
FROM: BRENNAN ROGERS, ACCOUNTING SUPERVISOR
KEVIN MIZUNO, FINANCE MANAGER
REVIEWED BY: PHILIP LEIBER, DEPUTYGM -ADMINISTRATION
ROGER S. BAILEY, GENERAL MANAGER
SUBJECT: RECEIVE BUDGET -TO -ACTUAL EXPENDITURE OVERVIEW THROUGH
THE MONTH OF AUGUST 2024
Attached are the Fiscal Year (FY) 2024-25 Budget -to -Actual Expenditure Overviews for the Operations
and Maintenance (O&M) and Sewer Construction funds through August 31, 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.
In addition to budget and actuals, the Sewer Construction report includes a dashed line representing the
fiscal year targeted spend. Projected spend has been removed from the report until later in the year, when
project managers have a better grasp on spending trends and forecasting.
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.
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 August 2024
October 3, 2024 Regular Board Meeting Agenda Packet - Page 33 of 108
Attachment 1
0&M Fund Total FY 24-25 YTD Expenses by Month
(in millions)
$100,000,000 $96.OM
$90,000,000
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$17.6M
$20,000,000
$10,000,000 $14.9M
Jul -24 Aug -24 Sep -24 Oct -24 Nov -24 Dec -24 Jan -25 Feb -25 Mar -25 Apr -25 May -25 Jun -25
(Actual Budget
October 3, 2024 Regular Board Meeting Agenda Packet - Page 34 of 108
Budget to Actual Spending Trend FY 24-2S
Sewer Construction Fund
(in millions)
$150
$140
$130 $133.3
$120
$110 _
$114.5
$100
$90 _r .
wow
$BO —
$60
$SO .
$40
$30
$20
$10 $19.1
$- — $14
July August September October November December January February March April May June
f Budget — • — Target (90% of Budget) t Actual
October 3, 2024 Regular Board Meeting Agenda Packet - Page 35 of 108