HomeMy WebLinkAbout05. Receive Budget-to-Actual expenditure overview through the month of November 2024Page 1 of 3
Item 5.
110ENTRAL SAN
January 9, 2025
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 NOVEMBER 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 November 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. In addition to budget and actuals, the Sewer Construction report includes a dashed line
representing the fiscal year targeted spend. An additional dashed line has been added to reflect staff's
spending projections for the remaining months of the fiscal year.
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 November 2024
January 9, 2025 Special Board Meeting Agenda Packet - Page 24 of 93
Attachment 1
0&M Fund Total FY 24-25 YTD Expenses by Month
(in millions)
$100,000,000
$90,000,000
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$39.9M
$40,000,000
$30,000,000 $35.3M
$20,000,000
$10,000,000 or
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
January 9, 2025 Special Board Meeting Agenda Packet - Page 25 of 93
$140
$120
$100
$80
$60
$40
$20
$39.5
Budget to Actual Spending Trend FY 24-25
Sewer Construction Fund
(in millions)
♦ $115.8
♦
1♦
�♦ $103.1
t+:tftf�?
tyyyy
$34.7 s•�
yyy
July August September October November December January February March April May June
0 Budget — • — Target (90% of Budget less contingency) —0— Actuals — • - Projected
January 9, 2025 Special Board Meeting Agenda Packet - Page 26 of 93