DEPARTMENT OF WATER AND POWER WATER REVENUE FUND

Transcription

1 DEPARTMENT OF WATER AND POWER This Department, under the City Charter, is responsible for supplying the City its inhabitants with water electric energy by constructing, operating, maintaining for that purpose works extending throughout the City to Inyo Mono Counties to import water electric energy to other western states to import electric energy; fixes rates for water electric service subject to approval of the Council by ordinance; controls its own funds; maintains a retirement, disability, death benefit insurance 0 plan. WATER REVENUE FUND Receipts Receipts Receipts $ 452,300,000 $ 736,100,000 Balance available, July 1... $ 588,300,000 Less: Payments to City of Los Angeles (Held in Reserve) $ 452,300,000 $ 736,100,000 Adjusted Balance... $ 588,300, ,800,000 1,148,000,000 Sale of Water (1)... 1,326,000, ,636, ,515,000 From Power Revenue Fund for services materials ,530, ,600, ,000,000 Proceeds from sale of bonds for construction expenditures made by Water Revenue Fund Proceeds from Securitization (2) ,000,000 Proceeds from Revolving Line of Credit... 42,000,000 73,400,000 68,000,000 Proceeds from State of California Loan... 67,000,000 46,800,000 26,000,000 Contributions in aid of construction... 27,000,000 36,274,887 40,644,000 Customers' deposits... 41,578,487 6,956,600 3,596,000 From individuals, companies governmental agencies for services materials... 3,595,900 28,300,000 23,000,000 Miscellaneous... 22,000,000 $ 2,692,068,187 $ 2,800,855,000 Total Water Revenue Fund... $ 2,459,005,287 Expenditures Expenditures Appropriation $ 356,789,800 $ 363,444,000 Salaries wages... $ 389,899, ,600, ,525,000 Materials, supplies equipment ,193, ,000, ,000,000 Water purchased for resale ,000, ,545, ,817,000 Contracts - Construction work ,900,600 9,161,700 11,736,000 Contracts - Operation maintenance work... 9,514,700 30,960,400 28,481,000 Rentals leases... 30,135,200 84,790,900 83,669,000 Outside services regulatory fees ,506,800 10,838, ,000 Purchase of l buildings... 3,773,400 13,906,200 14,800,000 Property taxes... 15,900,000 26,710,100 21,264,000 Utility services for electricity heat... 21,320,800 27,578,900 12,466,000 Injuries damages... 18,961,800 43,800 47,000 Postal services... 43,700 43,503,700 46,444,000 Professional services... 68,968,600

2 WATER REVENUE FUND (Continued) Expenditures Expenditures Appropriation $ 2,075,900 $ 1,890,000 Transportation, lodging employee mileage reimbursements in connection with construction, operation maintenance work... $ 1,788,200 4,573,400 9,672,000 Insurance... 9,671,900 7,117,424 6,942,000 Refunds of customers' deposits... 7,101, ,822, ,805,000 Reimbursements to Power System for proportional share of intradepartmental facilities activities ,494, ,500, ,000,000 Bond redemption interest Water Works Revenue Bonds ,000,000 86,272,100 97,462,000 Health Care Plans ,528, ,290, ,944,000 Retirement Death Benefit Insurance Plan ,865,100 $ 1,935,083,124 $ 2,089,107,000 Total Appropriations (3)... $ 2,118,568,362 Less: $ (20,885,063) $ (123,448,000) Adjustments (Accrual, etc.)... $ (72,636,925) 736,100, ,300,000 Unexpended Balance Unappropriated Balance ,800,000 $ 2,692,068,187 $ 2,800,855,000 Total Water Revenue Fund... $ 2,459,005, Included "pass-throughs" for water supply costs, water quality improvements, water reclamation conservation projects, water infrastructure, water expense stabilization, Owens Valley regulatory adjustment, low income subsidy adjustment water right revenue. 2. Proceeds from securitization of capital expenditures for mated local water supply projects. 3. Net of receipts from Power System, individuals companies, contributions in aid of construction, customer deposits, other miscellaneous sources, the Water Revenue Fund Operating Budget is $1,682,863,075.

3 DEPARTMENT OF WATER AND POWER This Department, under the City Charter, is responsible for supplying the City its inhabitants with water electric energy by This constructing, Department, operating, under the City maintaining Charter, for is responsible that purpose for works supplying extending the City throughout its inhabitants the City with to water Inyo electric Mono Counties energy by to constructing, import water operating, electric energy maintaining to other for that western purpose states works to import extending electricthroughout energy; fixes therates City for water to Inyo electric Mono service Counties subject to import to approval water of the electric Council energy by ordinance; to other controls western its states own funds; to import electric maintains energy; a retirement, fixes rates disability, for water death electric benefit service insurance subject to plan. approval of the Council by ordinance; controls its own funds; maintains a retirement, disability, death benefit insurance plan 0 POWER REVENUE FUND Receipts Receipts Receipts $ 1,192,000,000 $ 1,331,000,000 Balance available, July 1... $ 926,000,000 Less: 267,000, ,400,000 Payments to City of Los Angeles ,000,000 $ 925,000,000 $ 1,066,600,000 Adjusted Balance... $ 684,000,000 3,458,200,000 3,609,800,000 Sale of electric energy (1)... 3,819,600, ,528, ,409,000 From Water Revenue Fund for services materials ,533, ,100, ,300,000 Proceeds from sale of bonds for construction expenditures made by Power Revenue Fund ,500,000 65,900,000 47,800,000 Contributions in aid of construction... 22,700,000 41,824,400 81,976,000 From individuals, companies governmental agencies for services materials... 94,434, ,300, ,400,000 Miscellaneous... 84,400,000 $ 5,454,853,100 $ 5,821,285,000 Total Power Revenue Fund... $ 5,505,167,400 Expenditures Expenditures Appropriation $ 826,695,000 $ 830,518,000 Salaries wages... $ 891,873, ,074, ,277,000 Materials, supplies equipment ,507,100 1,356,200,000 1,427,400,000 Purchased energy fuel for generation... 1,450,900, ,867, ,669,000 Contracts - Construction work ,284,900 10,636,200 5,018,000 Contracts - Operation maintenance work... 8,938,100 8,405,800 12,533,000 Rentals leases... 13,529,400 58,485,900 51,413,000 Payments to other utilities for proportionate share of construction, operation maintenance of jointly-owned facilities... 56,356, ,799, ,555,000 Outside services regulatory fees ,658,200 3,896,100 1,650,000 Purchase of l buildings ,300 14,851,300 16,000,000 Property taxes... 15,250,000 9,834,000 10,871,000 Utility services for telecommunications water... 9,491,200 19,434,700 20,198,000 Injuries damages... 24,042,500 5,801,500 8,687,000 Postal services... 6,703,600

4 POWER REVENUE FUND (Continued) Expenditures Expenditures Appropriation $ 154,475,000 $ 125,611,000 Professional services... $ 137,794,200 5,547,300 5,190,000 Transportation, lodging employee mileage reimbursements in connection with construction, operation maintenance work... 4,559,700 24,630,700 41,906,000 Insurance... 41,922,900 3,490,353 3,087,000 Refunds of customers' deposits... 3,157, ,626,000 Energy Efficiency Loans to customers... 9,635, ,148, ,478,000 Reimbursements to Water System for proportional share of intradepartmental facilities activities ,904, ,700, ,200,000 Bond redemption interest - Electric Plant Revenue Bonds (Including Debt Restructuring) ,000, ,079, ,610,000 Health Care Plans ,568, ,013, ,380,000 Retirement Death Benefit Insurance Plan ,838,400 $ 4,361,065,553 $ 4,595,877,000 Total Appropriations (2)... $ 4,937,145,615 Less: $ 237,212,453 $ (299,408,000) Adjustments (Accrual, etc.)... $ 137,978,215 1,331,000, ,000,000 Unexpended Balance... Unappropriated Balance ,000,000 $ 5,454,853,100 $ 5,821,285,000 Total Power Revenue Fund... $ 5,505,167, Includes "pass-throughs" for fuel purchased power costs, dem side management, renewable power portfolio, power reliability program, low income subsidy adjustment. 2. Net of receipts from Water System, individuals companies, contributions in aid of construction, other miscellaneous sources, the Power Revenue Fund Operating Budget is $4,409,078,215..

5 WATER REVENUE FUND CAPITAL IMPROVEMENT PROGRAM Projected Expenditures INFRASTRUCTURE - PASS THRU Distribution Mains... $ 111,630,000 Services, Meters & Hydrants... 42,806,000 Trunk Line & Major System Connections... 33,298,000 Infrastructure Reservoir Improvements... 20,011,000 Pump Stations... 18,243,000 Water Systems Infrastructure Support... 8,153,000 Regulator Stations... 5,489,000 Seismic Improvements... 1,060,000 Griffith Park Water Distribution System ,000 Total... $ 241,209,000 INFRASTRUCTURE - BASE Water Services Organization Information Technology... $ 14,871,000 Water Services Organization Facilities... 8,377,000 Other Water Services Organization Capital Projects... 3,174,000 Tools & Equipment... 1,607,000 Resource Development ,000 Total... $ 28,439,000 WATER QUALITY Water Quality Improvement Project - Reservoir Improvements... $ 127,379,000 Ground Water Remedtn Cleanup... 55,578,000 Water Quality Improvement Project - Trunkline Improvements... 35,540,000 Water Treatment Improvements... 21,714,000 Chlorination Station Installations... 15,398,000 Meter Replacement Program... 13,232,000 Total... $ 268,841,000 WSCA - RECYCLED WATER Water Recycling - Capital... $ 48,408,000 Watershed - Stormwater Capture... 28,395,000 Total... $ 76,803,000 WSCA - WATER CONSERVATION Water Conservation - Water Funded... $ 38,009,000 Total... $ 38,009,000 WSCA - LAA E. Sierra Environmental Capital... $ 11,813,000 LA Aqueduct System - Additions & Betterments South... 11,119,000 LA Aqueduct System - Additions & Betterments North... 8,736,000 Total... $ 31,668,000 WSCA - GROUNDWATER Groundwater Management... $ 14,245,000 Total... $ 14,245,000

6 WATER REVENUE FUND CAPITAL IMPROVEMENT PROGRAM (continued) Projected Expenditures OWENS VALLEY REGULATORY Supplemental Dust Control Development... $ 48,889,000 Owens Valley Dust Mitigation... 32,147,000 Owens Lake Master Project ,000 Total... $ 81,740,000 INFRASTRUCTURE - OPERATING SUPPORT Joint Capital-Water Share... $ 30,612,000 Water System Share Settlement Costs... 21,284,000 Fleet Equipment Replacements & Additions... 16,578,000 PC Equipment - Water Serv... 2,415,000 Water Security Systems... 2,362,000 Fleet Construction Projects... 1,700,000 John Ferraro Building Capital... 1,120,000 Additions & Betterments - Water FN CAO ,000 Ergonomics & New Furniture - Water System ,000 Tools & Equipment - Integrated Support Services Shops ,000 Fueling Station Infrastructure ,000 Tools & Equipment - Corporate Services Organization ,000 Miscellaneous Capital Projects ,000 PC Equipment Water - Joint ,000 Cyber Security - Water Funded... 27,000 Industrial Graphics Equipment... 23,000 Cafeteria Equipment... 1,000 Total... $ 78,756,000 Gross Capital... $ 859,710,000 Accounting Accruals Adjustments... 1,358,000 Net Capital Improvement Program... $ 861,068,000

7 POWER REVENUE FUND CAPITAL IMPROVEMENT PROGRAM Projected Expenditures POWER SYSTEM RELIABILITY PROGRAM PSRP - Distribution... $ 263,615,000 PSRP - Transmission... 91,615,000 PSRP - Substation... 83,798,000 PSRP - Generation... 17,659,000 Info Appl System Cap-PSIAT... 12,963,000 Total... $ 469,650,000 INFRASTRUCTURE New Business - Revenue... $ 133,713,000 Distribution System Reliability... 31,413,000 Castaic Power Plant Additions Betterments... 21,812,000 Haynes Generating Station Additions Betterments... 17,634,000 General Facility Improvements - ISS... 16,105,000 AMR Automatic MTR Reading... 15,182,000 Fleet Purchases... 14,512,000 Joint Ownership Generation Additions Betterments-Nuclear... 12,916,000 Power System General... 6,067,000 Streetlight Systems... 5,097,000 Valley Generating Station Additions Betterments... 4,361,000 Generation Capital Improvement - Power Executive... 4,357,000 Generation Capital - Power System Planning Development... 3,950,000 Eastern Stations Additions Betterments... 3,582,000 Harbor Generating Station Additions Betterments... 3,278,000 Generation Station Power Plant Additions Betterments... 3,158,000 General Facility Improvement -XMSN... 2,338,000 Substation Reliability Improvement... 2,104,000 Scattergood Generating Station Additions Betterments... 1,905,000 ISS General Business Equipment... 1,652,000 General Facility Improvement... 1,221,000 SmartGrid... 1,221,000 APEX Generation Additions Betterments ,000 OVES Distribution Additions Betterments ,000 Mohave Generating Additions Betterments ,000 Generation Miscellaneous Improvements on Various DWP Facilities... 3,000 Total... $ 309,704,000 REPOWERING Scattergood Repowering... $ 50,719,000 Haynes Units 1 2 Repower... 4,830,000 Castaic Modernization ,000 Total... $ 56,281,000 GAS DRILLING SCPPA Gas Reserves Project... $ 2,575,000 Total... $ 2,575,000 OPERATING SUPPORT Settlement Agreement Costs... $ 75,974,000 Capital Allocation from Water... 53,294,000 Joint Facilities (Non - JFB) Power... 19,631,000 Financial Information System... 17,971,000 Distribution Processing System... 9,446,000 Communications Systems... 9,307,000 Fiber Optic ENT - Capital... 8,119,000 CIS Replacement Project... 7,771,000 PC Equipment Power - Joint... 5,007,000 Corporate Program Mgmt... 4,268,000 LADWP Security System Improvement... 3,705,000

8 POWER REVENUE FUND CAPITAL IMPROVEMENT PROGRAM (Continued) Projected Expenditures Budget Financial Planning System... 3,702,000 Information Systems Project Funding... 3,496,000 Rate Technology... 3,188,000 Customer Relationship Management... 2,862,000 Cyber Security... 2,221,000 LaKretz Hollywd Comm Center... 2,098,000 Corporate Software Licenses... 2,016,000 Revenue Crdt Mgmt Additions Betterments... 1,548,000 Mail Remittance Processing Center Sec Site & Bill Print... 1,442,000 Economic Development - Capital ,000 Additions Betterments - CAO DR RP ,000 General Facility Improvement - ITS ,000 CSD Systems ,000 CSD Systems Infrastructure ,000 Accounting Information System Development ,000 LaKretz - CSD Customer Eng ,000 ERGO New Furniture - Power ,000 Energy Load Monitoring ,000 Total... $ 241,142,000 ENERGY EFFICIENCY Energy Conservation - Power Funded... $ 178,057,000 Total... $ 178,057,000 RENEWABLE PORTFOLIO STANDARD Power System Incentive Program... $ 42,169,000 Energy Storage 10YR/<... 31,930,000 Long - Term Transmission Development... 30,795,000 Utility Built Solar... 12,024,000 Resource Development - Renewable PRJ AQ... 6,020,000 Community Solar Program... 5,336,000 Small Hydro Plants Additions Betterments... 4,315,000 OVES Generation Facilities Additions Betterments... 4,067,000 Generation Wind Power Plant Additions Betterments... 1,606,000 Barren Ridge Renewable Transmission... 1,234,000 Smart Grid, RPS... 1,030,000 Resource Development - Small Hydro ,000 Beacon Solar Projects ,000 Owens Valley Solar Project... $ 62, ,062,000 Total... Gross Capital $ 1,399,471,000 Accounting Accruals Adjustments... $ (6,855,000) Net Capital Improvement Program... $ 1,392,616,000

9 DEPARTMENT OF WATER AND POWER WATER AND POWER EMPLOYEES' RETIREMENT, DISABILITY AND DEATH BENEFIT INSURANCE PLAN FY RETIREMENT FUND Actual Budget Budget $ 368,259,056 $ 397,241,578 $ 397,242,000 Department Contributions $ 435,333,497 70,175,263 73,000,000 73,000,000 Member Contributions 76,650, ,507, ,170, ,600,000 Investment Return 781,450, ,941,453 1,286,411,578 1,198,842,000 TOTAL 1,293,433, ,591, ,200, ,200,000 Benefit Payments 550,368,000 33,807,268 46,288,365 46,288,000 Administrative Expense* 46,269,233 23,542, ,923, ,354,000 Available for Investment 696,796,264 $ 562,941,453 $ 1,286,411,578 $ 1,198,842,000 TOTAL $ 1,293,433,497 *Total active investment management fee of $27.9 M for Actual, $39.7 M for Estimate, $39.7 M for Budget. DISABILITY FUND Actual Budget Budget $ 17,066,832 $ 18,531,555 $ 16,812,000 Department Contributions $ 16,721, , , ,000 Member Contributions 475,680 2,117,398 1,481,000 1,290,000 Investment Return 1,570,000 19,642,546 20,481,205 18,571,000 TOTAL 18,766,994 15,944,802 17,698,500 16,264,000 Benefit Payments 16,750, ,498 1,094,005 1,094,000 Administrative Expense 971,046 2,740,246 1,688,700 1,213,000 Available for Investment 1,045,948 $ 19,642,546 $ 20,481,205 $ 18,571,000 TOTAL $ 18,766,994

10 DEPARTMENT OF WATER AND POWER WATER AND POWER EMPLOYEES' RETIREMENT, DISABILITY AND DEATH BENEFIT INSURANCE PLAN FY DEATH BENEFIT FUND Actual Budget Budget $ 8,229,494 $ 8,569,819 $ 8,455,000 Department Contributions $ 8,530, , , ,000 Member Contributions 345,000 1,631,456 1,161,000 1,020,000 Investment Return 1,240,000 10,187,135 10,068,659 9,813,000 TOTAL 10,115,202 7,518,804 7,905,000 7,600,000 Benefit Payments 7,714,000 1,058,074 1,130,100 1,130,000 Administrative Expense 1,033,522 1,610,257 1,033,559 1,083,000 Available for Investment 1,367,680 $ 10,187,135 $ 10,068,659 $ 9,813,000 TOTAL $ 10,115,202 RETIREE HEALTH BENEFITS FUND Actual Budget Budget $ 80,606,726 $ 85,960,367 $ 83,852,000 Department Contributions $ 87,197, Member Contributions - 19,216, ,900, ,890,000 Investment Return 131,800,000 99,823, ,860, ,742,000 TOTAL 218,997,318 79,895,671 85,200,000 83,091,000 Benefit Payments 86,415,158 5,332,099 7,428,030 7,428,000 Administrative Expense** 7,479,899 14,595, ,232, ,222,000 Available for Investment 125,102, ,823, ,860, ,741,000 TOTAL 218,997,318 **Total active investment management fee of $4.6 M for Actual, $6.7 M for Estimate, $6.7 M for Budget.