FY 2013/14 Proposed Operating Budget

Transcription

1 FY 2013/14 Proposed Operating Budget Napa Sanitation District Board of Directors Meeting May 1,

2 Presentation Outline Budget Directives Revenues Operating Expenses 10-Year Forecast 2

3 Presentation Outline Budget Directives Revenues Operating Expenses 10-Year Forecast 3

4 Budget Directives Levels of Service Revenues Sewer fees increase by CPI Capacity growth 250 EDU Leases exclude HCV Recycled water historic usage 4

5 Budget Directives Expenditures Staffing levels no change Salaries increase by CPI Health insurance increase by 8% Retirement increase by 7.5% Services & Supplies no increase Capital continue with 10-year CIP 5

6 Presentation Outline Budget Directives Revenues Operating Expenses 10-Year Forecast 6

7 Revenues Sewer fees increase by 2.2% 2% (CPI) Last Prop. 218 in FY 2011/12 Next scheduled in FY 2016/17 7

8 Revenues Recycled water up22% 2.2% Assumes 900 Acre-feet in sales FY12 = 1,002 AF FY13 = 804 AF YTD / 1,175 AF projected $0.96 per 1,000 gallons July-Dec 13 $0.98 per 1,000 gallons Jan-June 14 8

9 Revenues Capacity charges up 48% Increase to $8,300 on July 1 Assumes 250 EDU FY 11 = EDU FY 12 = EDU FY 13 = EDU (YTD 4/29/13) 9

10 Revenues Interest up 52% Leases up 1.5% Hauler fees up 17% 1.7% Grant and other agencies up 509% 10

11 Presentation Outline Budget Directives Revenues Operating Expenses 10-Year Forecast 11

12 Operating Expenses Salaries Memorandum of Understanding Feb-to-Feb CPI for COLA COLA = 2.4% Some adjustments for step increases 12

13 Operating Expenses Benefits Health Insurance = increase 5.3% Retirement = increase 7.5% Cash in lieu = decrease 31.9% Total = increase 4.9% 13

14 Operating Expenses Services and Supplies One-time projects from FY 12/13 removed from base Contractual obligations continued Effort to find savings in every line item Total = decrease 6.1% 14

15 Operating Expenses Total Operating Exp. increase 0.4% Reserves Fully Funded 15% Operating Reserve $2,056,000 Operating Cash Flow $8,000,000 OPEB Liability Fully Funded No Net OPEB obligation at end of FY 11/12 Annual obligation for FY13 and FY14 budgeted and funded 15

16 Policy Implementation Strategic Plan Implementation Budget moves Employee Master Plan out to FY 2014/15 Budget moves Employee Survey out to FY 2014/15 Budget includes Plan Check Fees and Capacity Charge Methodology study 16

17 Summary Beginning Fund Equity $42,158,150 Revenues $26,692,850 Operating Expenses $18,379,130 Capital Expenses $25,002,900 Ending Fund Equity $25,468,970 Reserves $10,056,000 Available for Use $15,412,970, 17

18 Presentation Outline Budget Directives Revenues Operating Expenses 10-Year Forecast 18

19 10-Year Forecast Forecast based on Budget Direction Note: Forecast is balanced when green line stays above columns 19

20 Finance Committee Recommendation Change capacity charge forecast 125-room hotel in FY 2014/ room hotel in FY 2015/ room hotel in FY 2017/18 Change CPI to a Composite CPI Implement new Composite CPI in FY 2014/15 20

21 Long-Term Planning Committee Agree with Capacity Charge Recommendation Wait and See regarding sewer service fees 21

22 10-Year Forecast Revised Capacity Charge Forecast Note: Forecast is balanced when green line stays above columns 22

23 10-Year Forecast with Change to Composite CPI in FY 14/15 Note: Forecast is balanced when green line stays above columns 23