2017-01-18 SDWD FY16-17 1st Quarter Budget Report PresentationSan Dieguito Water District
FY 2016/17
1St Quarter
Budget Report
January 18, 2017
Adjusted Beginning Fund Balance
Operating $3,541,769 $3,883,057 $341,288
Capital Replacement
Debt Service
Fleet Replacement
$6,200,000 $6,274,371 $74,371
$0 $0 $0
$484,791 $492,538 $7,747
• Actual beginning fund balance higher than projected in budget,
but still lower than prior -year beginning fund balance
($11,009,971)
San Dieguito Water District
1St Quarter Revenues
• Total revenues of $2,667,156
— 15.7% of revenue collected
Trending Over - Proiection:
Recycled Water Sales
Interest & Property Earnings
Capacity Fees
On- Target:
Potable Meter Service Charges
Recycled Meter Service Charges
Pass - Through Charges
Billing Fees
Engineering Fees
Other Revenue
Trending Under - Projection:
Property Taxes
Potable Water Sales
San Dieguito Water District
1St Quarter Operating Expenditures
• Total expenditures of $3,560,683
— 27.1% of budget expended
Trending Under - Budget:
Materials & Supplies
Contracts & Services
Water Treatment
Debt & Finance
Capital Outlay
On- Target:
Salaries
Recycled Water Purchases
Internal Cost Allocation
Trending Over - Budget:
Benefits
Potable Water Purchases
San Dieguito Water District
0
Other Fund Expenditure Highlights
Capital Replacement Fund
— $1,392,298 expended in 1st Quarter
— Joint Facilities Master Plan Projects
Debt Service Fund
— $1,162,390 expended in 1st Quarter (82.7 %)
— Paid entire principal expenditure on both debt issuances
Fleet Replacement Fund
— No purchases in 1st Quarter
San Dieguito Water District A
0
0
15t Quarter Budget Adjustment
Close Project CW15F (Urban Water Management Plan)
— Project complete, $20,751 unspent balance
Close Project CW15H (Potable Reuse Feasibility Study)
— Project complete, $8,500 unspent balance
Transfer balances ($29,251) to existing project CW16F
— Potable Reuse Implementation Plan
— Increase funding from $50,000 to $79,251
San Dieguito Water District A
Projected Ending Fund Balance
Operating
$3,883,057
$16,911,640
($13,146,890)
($4,080,299)
($315,549)
$3,567,508
Capital Replacement
$6,274,371
$100,000
($3,175,000)
$2,550,629
($524,371)
$5,750,000
Debt Service
$0
$0
($1,405,042)
$1,405,042
$0
$0
JL
Fleet Replacement $492,538 $0 ($80,000) $124,628 $44,628 $537,166
• Revised beginning and projected ending fund balances
— Fund balance projected to decrease during year due to plan
of action under current water rate study
San Dieguito Water District
Conclusion
Staff recommends that the Board:
— Receive and file this report reflecting a revised actual
beginning available fund balance of $10,649,966
— Approve request for 15t Quarter budget adjustment as
noted in this report
• Via adoption of Resolution No. 2017 -01
San Dieguito Water District