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Home My WebLink About05/25/2023 - Meeting Materials (2) ■ ■ ■ ■ Public SLC PUBLIC UTILITIES Financial Review : Financial Dashboard(April 30, 2023) May 25, 2023 Public � r Utilities n Financial Dashboard i As of April 30, 2023 Water Fund FY 23 Expense Detail 250,000,000 16.59% ■ Personal Services ■ O&M 200,000,000 r2.50% ■ Charges & Services 150,000,000 Debt Services ■ Capital 100,000,000 Expenditures 28.55% 50,000,000 47.63 0 4.73% Revenues Expenses April 30, 2023 Change from FY22 Percent of Budget ■ FY 21-22 ■ FY 22-23 ■ FY 23 Bud YTD FY 23 Bud Operating Revenues $76,238,703 $13,140,197 73.01% Operating Expenses 58,599,326 2,297,924 68.88% Amount Percent Time Capital Expenditures 58,587,278 (5,979,120) 51.66% Remaining Remaining Remaining Total Expenses 117,186,604 (3,681,196) 59.04% 2020 Bond Funds $28,386,127 36.73% 9.50% April 30, 2023 Change from FY22 Percent Change 2022 Bond Funds $68,005,131 99.80% 72.20% Available Cash $107,849,832 $47,717,710 79.35% (Included In cash) Accounts Receivable 2,970,321 585,418 24.55% Public <: r utilities Financial Dashboard As of April 30, 2023 Sewer Fund FY23 Expense Detail 3.04% 0.69% 2.21 500,000,000 ` 6.85% ■ personal Services 450,000,000 ■ O&M 400,000,000 ■ Charges & Services 350,000,000 Debt Service 300,000,000 ■ Capital Expenditures 250,000,000 200,000,000 150,000,000 100,000,000 87.22 50,000,000 0 April 30, 2023 Change from FY22 Percent of Budget Revenues Expenses■ FY 21-22 ■ FY22-23 ■ FY23 Bud YTD ■ FY 23 Bud Operating Revenues $69,104,861 $21,327,855 101.49% Operating Expenses 18,090,726 1,812,693 65.26% Amount Percent Time Capital Expenditures 265,821,804 7,812,967 68.90% Remaining Remaining Remaining Total Expenses 283,912,530 9,625,660 68.65% 2020 Bond Funds $0 0.00% 9.50% April 30, 2023 Change from FY22 Percent Change 2022 Bond Funds $214,785,279 76.59% 72.20% Available Cash $244,479,405 $199,309,155 441.24% (Included in cash) Accounts Receivable 3,061,168 795,239 35.10% Public <: r utilities Financial Dashboard As of April 30, 2023 Stormwater FY23 Expense Detail 30,000,000 20.97% 25,000,000 20,000,000 Personal Services �1.11%0 O&M 15,000,000 53.230 ■ Charges & Services I Debt Services 10,000,000 L17'37%■ Capital Expenditures 5,000,000 1 L7.32% 0 Revenues Expenses April 30, 2023 Change from FY22 Percent of Budget Operating Revenues $12,080,973 $2,061,266 96.65% ■ FY21-22 ■ FY22-23 ■ FY23 Bud YTD d FY 23 Bud Operating Expenses 6,978,141 1,548,208 69.06% Capital Expenditures 9,417,092 (73,714) 70.81% Amount Percent Time Total Expenses 16,395,233 1,474,494 70.05% Remaining Remaining Remaining April 30, 2023 Change from FY22 Percent Change 2020 Bond Funds $6,878,732 47.27% 9.50% Available Cash $22,599,006 $1,140,775 5.32% (Included in cash) Accounts Receivable 679,260 123,967 22.32% Public f utilities Financial Dashboard As of April 30, 2023 Street Lighting FY23 Expense Detail 50% 7,000,000 4.62% 4.83% 6. �0.00% ■ Personal Services 6,000,000 ■ O&M ■ Charges & Services 5,000,000 Debt Services 4,000,000 ■ Capital Expenditures 3,000,000 2,000,000 84.05% 1,000,000 0 April 30, 2023 Change from FY22 Percent of Budget Revenues Expenses Operating Revenues $3,516,473 ($80,956) 82.21% ■ FY21-22 ■ FY22-23 ■ FY23 Bud YTD FY 23 Bud Operating Expenses 3,163,118 488,692 95.00% Capital Expenditures 168,706 (288,450) 7.48% Total Expenses 3,331,824 200,242 59.65% April 30, 2023 Change from FY22 Percent Change Available Cash $5,632,507 ($129,116) -2.24% Accounts Receivable 181,799 46,097 33.97% Public f � 7 utilities Financial Dashboard As of April 30, 2023 Total Public Utilities April 30, 2023 Change from FY22 Percent of Budget Operating Revenues $160,941,010 $36,448,362 85.02% Operating Expenses $86,831,311 $6,147,517 68.79% Capital Expenditures $333,994,880 $1,471,683 64.88% Total Expenses $420,826,191 $7,619,200 65.65% April 30, 2023 Change from FY22 Percent Change Available Cash $380,560,750 $248,038,524 187.17% Accounts Receivable $6,892,548 $1,550,721 29.03% Delinquent Billings 1.20% Amount Percent Remaining Time Remaining 2020 Bond Funds $35,264,859 17.79% 12.20% 2022 Bond Funds $282,790,410 81.12% 75.00% (Included in Cash) Public r utilities d C4n il Updates , Budget items Council presentation April 18 — Public hearings and June 6 Rate mailers sent first week in May • Continued evaluation bond issuances WIFIA updates Quarterly report submitted April 28