HomeMy WebLinkAbout09/24/2015 - Meeting Materials PUBLIC UTILITIES
MONTHLY FINANCIAL SUMMARY
FOR THE PERIOD
JULY 1,2015 TO AUGUST 31,2015
MONTHLY YEAR-TO-DATE
AUG AUG JUL-AUG JUL-AUG INC(DEC)
2014 2015 2014 2015 2015
ACTIVE P U ACCOUNTS
RESIDENTIAL 2 4 75,136 75,201 65
INDUSTRIAL 1 3 220 226 6
COMMERCIAL 3 5 8,797 8,840 43
MISCELLANEOUS 3 1 2,310 2,335 25
TOTAL SERVICE ACCOUNTS 9 13 86,463 86,602 139
WATER DELIVERED IN MG. 3,829 4,134 8,805 8,681 (124)
WATER CONSUMED IN MG. 4,294 4,009 7,739 7,775 37
CHARGES
WATER $10,808,954 $10,421,229 $19,184,868 $20,152,130 $967,262
SEWER 1,880,669 1,785,454 3,380,803 3,531,239 150,436
STORM 772,541 687,033 1,357,488 1,323,334 (34,154)
STREET LIGHTING 292,457 274,183 535,233 534,174 (1,059)
GARBAGE 1,031,972 984,922 1,853,353 1,958,642 105,289
FRANCHISE 534,140 490,647 959,400 970,323 10,923
TOTAL CHARGES $15,320,733 $14,643,468 $27,271,145 $28,469,842 $1,198,697
COLLECTIONS
WATER $9,442,488 $9,867,356 $17,073,426 $15,131,190 ($1,942,236)
SEWER 1,681,928 1,769,116 3,516,149 4,032,168 516,019
STORM 655,835 644,805 1,439,514 1,607,745 168,231
STREET LIGHTING 272,197 263,465 568,099 607,186 39,087
GARBAGE 920,921 986,733 1,763,459 2,077,647 314,188
FRANCHISE 425,260 479,676 425,260 479,676 54,416
TOTAL COLLECTIONS $13,398,629 $14,011,151 $24,785,907 $23,935,611 ($850,296)
ABATEMENTS
SERVICE BREAKS $10,258 $16,478 $18,188 $20,913 $2,725
UNCOLLECTABLE 7,261 7,663 $10,283 $6,936 (3,347)
TOTAL ABATEMENTS $17,519 $24,141 $28,471 $27,848 ($623)
ACCOUNTS RECEIVABLE AGING
01-30 DAYS OUTSTANDING $8,409,394 $8,979,894 $570,500
31-60 DAYS OUTSTANDING 925,768 836,726 (89,042)
61-90 DAYS OUTSTANDING 136,109 83,426 (52,683)
91-120 DAYS OUTSTANDING 69,286 13,242 (56,044)
> 120 DAYS OUTSTANDING 175,216 22,932 (152,284)
TOTAL RECEIVABLE $9,715,773 $9,936,221 $220,448
SALT LAKE CITY CORPORATION
WATER UTILITY FUND
BALANCE SHEET
AUGUST 31, 2015
AUG AUG
ASSETS 2014 2015
Cash&Investments $ 48,723,345 $ 40,481,296
Restricted cash&temp.investments 5,411,379 7,628,109
Accounts receivable 11,910,942 12,914,890
Accrued interest and other investments 46,195 46,220
Inventory of supplies 2,515,365 2,733,192
Land and rights of way 48,128,960 48,129,310
Buildings 49,246,165 49,400,201
Improvements other than buildings 302,536,147 302,346,573
Machinery and equipment 27,363,574 26,569,370
Construction work in progress 6,242,457 6,614,082
Less accumulated depreciation (122,636,045) (121,382,071)
Bond issue cost - -
Investment in water company stock at cost 1,579,962 1,579,962
Total assets $ 381,068,446 $ 377,061,134
LIABILITIES AND NET POSITION
Liabilities:
Accounts payable $ 999,576 $ 2,703,632
Current liabilities 549,725 518,317
Deposits 542,733 538,806
Defered revenues - -
Bonds payable 13,972,309 11,770,367
Tanner Ditch Deferred Revenue 17,012,651 15,990,056
Obligation for compensation liability 6,668,261 6,579,734
Total liabilities 39,745,255 38,100,912
Net Position:
Net investment in capital assets 296,908,948 299,907,098
Restricted 5,411,379 7,628,109
Unrestricted 39,002,864 31,425,015
Total net position 341,323,191 338,960,222
Total liabilities and net position $ 381,068,446 $ 377,061,134
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SALT LAKE CITY CORPORATION
SEWER UTILITY FUND
BALANCE SHEET
AUGUST 31, 2015
AUG AUG
ASSETS 2014 2015
Cash&Investments $ 27,545,545 $ 25,431,593
Restricted cash&temp. investments 7,553,779 3,626,150
Accounts receivable 2,195,838 1,773,729
Bond Receivable - -
Prepaid - -
Inventory of supplies 587,773 587,773
Land and rights of way 4,313,979 4,313,979
Buildings 88,171,909 88,291,874
Improvements other than buildings 129,800,132 128,048,777
Machinery and equipment 32,371,711 32,268,097
Construction work in progress 26,726,812 26,016,135
Less accumulated depreciation (87,337,124) (84,616,497)
Other Assets
Bond issue costs - -
Total assets $231,930,354 $ 225,741,610
LIABILITIES AND NET POSITION
Liabilities:
Accounts payable $ 940,254 $ 519,841
Current liabilities 260,411 356,265
Defered Revenues - -
Bonds payable 35,556,300 33,047,350
Obligation for compensation liability 1,224,815 1,282,257
Total liabilities 37,981,780 35,205,713
Net Position:
Net Investment in capital assets 170,365,739 161,582,939
Restricted 7,553,779 3,626,150
Unrestricted 16,029,056 25,326,808
Total net position 193,948,574 190,535,897
Total liabilities and net position $231,930,354 $ 225,741,610
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SALT LAKE CITY CORPORATION
STORMWATER UTILITY FUND
BALANCE SHEET
AUGUST 31, 2015
AUG AUG
ASSETS 2014 2015
Cash &Investments $ 8,065,543 $ 7,236,986
Restricted cash & temp. investments 512,566 1,088,986
Accounts receivable 813,161 546,185
Inventories and prepaid expenses - -
Land and rights of way 1,742,681 1,742,681
Buildings 8,957,148 8,957,148
Improvements other than buildings 133,769,562 132,442,137
Machinery and equipment 3,786,096 3,786,096
Construction work in progress 5,543,362 5,663,796
Less accumulated depreciation (46,357,230) (44,816,996)
Bond issue costs - -
Total assets $ 116,832,889 $ 116,647,019
LIABILITIES AND NET POSITION
Liabilities:
Accounts payable $ 142,124 $ 199,164
Current liabilities 8,108 6,817
Defered Revenues - -
Bonds payable 10,703,700 9,912,650
Obligation for compensation liability 346,692 357,960
Total liabilities 11,200,624 10,476,591
Net Position:
Net investment in capital assets 96,737,919 97,862,213
Restricted 512,566 1,088,986
Unrestricted 8,381,780 7,219,229
Total net position 105,632,265 106,170,428
Total liabilities and net position $ 116,832,889 $ 116,647,019
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SALT LAKE CITY CORPORATION
STREET LIGHTING UTILITY FUND
BALANCE SHEET
AUGUST 31, 2015
AUG AUG
ASSETS 2014 2015
Cash&Investments $ 665,366 $ 1,998,035
Restricted cash&temp. investments - -
Accounts receivable 170,687 114,851
Inventories and prepaid expenses - -
Improvements other than buildings 3,576,758 3,576,758
Machinery and equipment - -
Construction work in progress 366,654
Less accumulated depreciation (444,210) (444,210)
Bond issue costs - -
Total assets $ 4,335,255 $ 5,245,434
LIABILITIES AND NET POSITION
Liabilities:
Accounts payable $ 54,267 $ 67,168
Current liabilities - -
Defered Revenues
Bonds payable - -
Obligation for compensation liability 10,618 12,772
Total liabilities 64,885 79,940
Net Position:
Net investment in capital assets 3,499,201 3,132,548
Restricted - -
Unrestricted 771,169 2,032,946
Total net position 4,270,370 5,165,494
Total liabilities and net position $ 4,335,255 $ 5,245,434
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SALT LAKE CITY
PUBLIC UTILITIES
Financial Report
June 30, 2015 End of Year Update &
August 31 , 2015 Fiscal 2016 report
How our Year • •
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Financial Dash Board CCF= 748 gallons = 1 BILLING UNIT
June 30, 2015 Acre Foot of water 325,900 gallons
435 CCF = 1 Acre Foot
CCF =100 cubic Feet
❑ Sales Charges = $103 million or .5% above last year
❑ Aging receivables 120 days $40,871 ---.8% ($4.9 million total A/R)
❑ Water Delivered is 4,397 acre Ft less than last 3 year Average
❑ Water Sales $2.5 million less than anticipated (Average Year) Same as April
❑ Water delivered through June 30- 2,329 acre feet less than 2014
❑ Savings in Water of 757,810,000 gallons
❑ Operations Expense 4.2% lower than last year---Still preliminary
❑ Capital/Projects/Purchases----
❑----Total assets increased $31 million
❑ Cash all Funds (less current obligations) $74.6 million---Last Year $81 .2 million
■ Down $6.6 million from pervious year.
■This is not unusual before Summer revenues increase
❑ Outstanding Bonds or Debt $55 million-June 2015
■ Water $12 million
■ Sewer $33 million
■ Storm Water $9.9 million
■ Street Lighting Zero Debt
June 30 2015 Balance Sheet-----preliminary
SopplemenW Infanvdm
waif Sesser Stmmsaater Street Lehtw Comhlped Sgipiementil Informaoao
COYv uabti Lhhte L"thti 2016 201J R"eter .er re<L,:k n C omb-d
ASSETSAUD DEFERRED OITIT_ORS L-nki LoLn L"nti. T L"titin 201= 2014
CLP9.E.T ASSETS LUMUJ ZS DEFERRED LNTLORS.ALND NET POSMON
Cuhandc I_,ego51- $ 31332.416 S 23,194,17 S 7.13&633 S 1.657.104 S 63322.330 S 56.133.486 CLMRLNT LL4nrs=
:tnestmepG I3979.506 - - 139'9.506 1599a_876 Accoom pafa4Y 5 6 1.701,776 S 142,OL S 220.62D f 5.9r-M3
Accmb� act aSles
.of S]34,e'.S 2f8a.v-.S11.102 . 7 A-dwm.pm 217,912 62.8899 2.595 $39.109 70451
.d S4.153.mspeaadc ahn S]" 5_0 8.494,06' 23 .613 867537 3 .4T 12.01166 1292816 C¢ Pt..6.4-c,.P-..C. 4M.19 2Y,3 6.01- - TMU5 631.401
C -:&k-das3m 1,515X .101.161 77.87 30.0C X4" L7152
Od.r_ Kes 131.091 1.063 1.005 - L.d9 29-'0` C_a of ®cb:.. 3,17916
PT"& 337.E it 34.838 I300
493.`0 447250
S:ryplks tmmmrtes 2.557.909 M611 - 3208.620 3.211 106 Ted caavrc 12b hroc 7340.793 2345.24 298,94, 253.29' IMAM 12.082M
Taala assay 56.832204 26271.653 9.042.103 2.003.081 93149.041 68.806141 I„an-rrrtvt p-{y-4g EFROM
hUNCL,T(REST AS SETS: RESTRI!'I A-,S2:TS:
Resmaed and mumd cash and cash equiakM Ctmo=..: zima-mrz ck_a an::
atomtors resmcted a tesened far Pr__P-I -a>raal +Yaod 24-344 S7.8W -4,155 0 228'.OH 616912
mm.:: "?i' -
Fnvme hard debt senate 1.14&917 I305.741 4?4.498 - 2,879,156 2803996 --
RandrepL.- 142.�0 I394M - - 1.626.M. 526,7 100 Carrot anlm� 26"64 56.47•i 44,693 - 393727 266.503
�;..I P_VMe n - 2693.876 - - 2,493.876 9AMI7 Cmemer 3.P> 33"91 3i.281 536.403
'oe'vuctia°'aanis - "3 Tcd labhli -Sk Sec cran aua ed e L344.762 300,614 132.567 - L4'3,163 3,7069M
.astot�r deposm _ _ _ _ _ 536.403 pr.
5.284 27 1- *Leaden:,lau 079.240 33.047350 9,912.d:4 - 55033,240 55,136219
TOW R;mcted and m 20 Icm�x campan:a�m Id h, 2i479 443,041 S'23`. 3"72 L300.527 6,250356
cash and ask aT.ucalecrs 1.:91.117 5394.117 4?4,498 7,099.732 20.180.19d I(arv0m;:c:.acrad m a3.anu 15.137.f94 15.13'.104 I6,16D.4f8
Capal asset,,at cost Ted]ab h-pt bk fret re:aaed
Ianc 15.769.615 43I3979 1742.681 - 23l26l35 2LV6335 _d i n ia( �r. 30.5333-5 33.791205 10.132,4^ 3-72 -4.460,924 13,253-M
Rxm -Im 3'359.285 - - - 32-KAM 32.359285
B-In: 49246.165 8&171900 L957.148 - 1463'S.222 146.3751-: Tcd L b h- 37,87+*69 36,136,453 10.421.317 217.069 f4.689,007 95,336295
I.K. other dan h.Ld-,.pcv p=L'S DT..F'_LYD D1Fi0RS Of R'SOC'RCES
wma and seae .e�acd stag ma and
-¢eeak#L r.bdims 301.755.213 1'-7930647 132.449250 3.�,170 W.T.7280 570.030.443 Dafe i eaa:�r45mdmc of doh
Sbclai and ecspt 26.500645 3119&663 3.796.096 - 62,A&3,404 6335&404
Canavctimmsogess 23.5%876 40.000394 8911932 740.039 '312L241 37.523382 Tcd Dd..dmf-ofRasca - -
449.I89.859 29_613592 155.24&107 4.3713(19 902.022,76-1 S71A73.071 CO3L1LT3'.E`7IS4_ND C271L4 GE`7CMS,N 10)
Less acc=olmed 3epreco m (129.035.955) (89591.550 (47,176-W (73-W (26E J5.OJ83 ('S3942.6W 2.T_T PD=--.1
?:a capca: 321.I33.904 ?03.021-038 IOBb71.5I7 3.640160 636.487.719 617,530385 gemwna�a?x�m 3-9.493"54 194.272795 :05.365,597 3.9r,852 433,1299% 556,681.163
OtLaasset;, ,hanae.Vr Pou- 13,797.13- 4.269,559 1.351.203 1.386,4E 20.805319 I9,377-'%
:taestmetds is mist ca Tpi ark.at cosy 1579.9d2 L•-79962 1.579962 57,071 VS
Taal W-a3set/ 1579.962 - - L•-799Q 1.579962 Tcd-p- 343.290.S91 I%.341.354 106.716.900 5.38d.272 63.934317 633.1299%
Taal oornarert nssas 334.024.948 2W4W155 1090&015 3,640W "SJ67,413 639.190.543 raan-rm=c DEFERRED lFLOR;
DEFERRED OLTFLO%S OF RESOLILn AND ICET POSIIIC?: S 3/L3GU% 1 234.677,607 S 117.138.117 S 5AQ-1,41 f 730.62J324 S 72&466-'93
DefmM losses mrefardw o!deht 307,873 - 307,873 368909 n _�
ToW Defwvd OdAm ofRe-,m m 307,813 307,873 368909
TOTAL ASSETS XND DEFERRED OL nIOM S 381.165.000 S 234.677.808 $ 117.138.118 S 5,643341 S 738.QA327 $P_.8.466293
(C_a 4
Income Statement June 30, 2015-preliminary
Sap-3eLecr%L I&orn dcn
R"kff SeweI Sta=Tiie7 StrHl LieLtime ,oml'leesd
Ulff# U rile UtRity t rli r- 201s
CUERATD;Cr F=M:
sal% I 61.0211.4a3 $ - - - 61041:W 62,699,68a
ages far imef reend :& 2a L3F - - 20-L 8.3+1i' 19,433,E
SIMMWOFS Ns ;% fl~ 9,126.435
%WLEtaim fEs - - - 3,275,15D 4775:YN 3"O3,51a
Ott 2.2.3igas 197,496 21.163 5,107 ,5RD 2,973,954
Tbcal aptiug muams 63,273-571 21J32jM3 9.29C,Ms 3,20.157 93,saG m X 39,S56
CPERATNGE3TENSES-
CCa
OfM]es and 3a354.;051 1i).33a-ga? 3.220,444 1.466-129 w7lsil 53,176,E
dal and a -E 6j)67.542 Z,494.509 1,215Aa 104,19a 9,0*1,BD 14,ZM,079
cepm-cmm 8,194-443 5MU55 ZK4-734 3KrOla 17,E dpw 16, #,39D
Iixal opmt g opmE.Es 52.636A36 la-739-451 -1.26D.?36 1.902337 BVWAA S4,065,256
OPEKATING LKONE 10.636-55 '286352 1,02S 1,377 4 1a,3-0-p1b I2;271,6DD
OTC MWE q3al=):
ftmsiv egeue (59D (6W,56 �571) - �7 1'83 (1,603,464)
Band pum= 36 M2 - - - M 124,676
L?3-i capiMhwi mbawm prodam - - - - !W.353
Net bmd' espmse (553,753) (6 &5 ,571] - (lusG:m) (497.459
O oe,3�;1o�cQa�=prar�err a�i�^tiq� r 392,-W 37,158 115S06 141,437
leer aver reiw-w 17DrG36 (457�1 {6a�?� �?7,
CAPITAL Cd YID ; LQ9D355 1-4 D-135 393M1 D-?DID 3,$AG62 6,945.754
CHANGES W-SET PCEUM 13,797,137 4M559 1,351 3 1.M.9,420 7O,W19 09 97,653
NET PO;[ N-.
Btghmio c[the year,re;ULred k3ee Note 1.) 3N-493.754 194,27'-795 105,345597 3,997-857 033]2 -M 613,732,345
FDd Dfrhe tiau S 343 -01 S 19ar541,354 3 106.7laM 3 5,M42 T-1 5 ff%iP35,3l? 633,129.999
MILLION GALLONS
DELIVERED / COMPARISON
6'000 Scale in Billion gallons
5,000
4,000 ■ FY 15-16
3,000 FY 14 -15
2,000 - J FY 13-14
�1,000 � FY 12-13
FY 11-12
NY C5
WATER UTILITY REVENUE
BY MONTH
14/000/000
12,000,000 Budget
2016
10,000,000 , FY 15-16
810001000 '.� FY 14-15
'•a
61000,000 ' FY 13-14
t
t
t
4,000,000 ..... m0000/
210001000
o a m aj or
Q cn 0 z LL Q
WATER UTILITY REVENUE CHARGES
BY MONTH THRU MAY/ BUDGET COMPARISON
70,000,000
$64,533,242
$61,263,326 $58,611,929 $56,698,560
60,000,000
1
June
50,000,000 ■May
Apr
Mar
40,000,000
■Feb
■Jan
30,000,000 Dec
$20,152,130 ■Nov
■Oct
]in
20,000,000
Sept
■Aug
10,000,000 ■July
FY 12-13 FY 13-14 FY 14-15 Current FY 15-16 Budget 2016
Daily Water Use
Salt Lake City Department of Public Utilities
Service Area
mgd
Million Gallons per Day Use 2015 Average 2012 to 2014 Use 2000
210.00 -
200.00 Currently down 713 acre feet
190.00 or $232 million gallons
180.00 or 310,155 units of water
170.00 since July 1, 2015 on 3 year
160.00 average
150.00
140.00
130.00
120.00
110.00
100.00
90.00
80.00
70.00 A
60.00 ��n / V/
50.00
40.00 J� 4 -
30.00
20.00
10.00
0.00
Jan Feb March April May June July August Sept Oct Nov Dec
Waste Water Reclamation Plant
Average Plant Flow in MGD
Last 10 Fiscal Years
MGD
60 Permit Plant Capacity 56 MGD
50
40 036.2 356
32.1
34.0
33.1 33.6 32.7 31.8 .
30.8
28.0 21.6 29.
30
20
10
0
Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
REVENUE CHARGE COMPARISON
AUGUST 2015
70,000,000
60,000,000
50,000,000 FYTD 2013-14
FYTD 2014-15
40,000,000
current 2015-16
Budget to Date
30,000,000
■Annual Budget
I �
20,000,000
10,000,000
0
WATER SEWER STORM Lights
OPERATING COST
August 2015
60
c
0
50
40
30
20
10
0
WATER SEWER STORM LIGHTS
FYTD 2014-15 ■FYTD 2015-16 Year to Date Budget ■Annual Budget
JUNE 2015
PUBLIC UTILITIES OPERATIONS SUMMARY
BUDGET 92%
FUNDS SALARIES OPERATIONS TOTAL %SPENT Below/-Exceeding
48 - Street Lighting 41.3% 75.3% 71.8% $ 636,179
51 -Water 100.1% 86.5% 91.2% $ 4,708,494
52 - Sewer 90.6% 88.6% 89.7% $ 1,546,186
53 -Storm 93.8% 92.6% 93.1% $ 347,365
WATER CAPITAL TO BUDGET
JUNE 2015
WIP ■ Equipment ■ Encumbered
N 30,000
c
N
7
25,000
20,000
15,000
23,406
10,000 16,717
5,000
0 or
YEAR TO DATE CAPITAL WATER CAPTIAL BUDGET
SEWER CAPITAL TO BUDGET
JUNE 2015
WIP Equipment Encumbered
$35,000
0 1,611
0
$30,000
$25,000
$20,000
A"W 28,422
$15,000
1,198
$10,000 2,574
$5,000
$0
YEAR TO DATE CAPITAL SEWER CAPITAL BUDGET
STORMWATER CAPITAL TO BUDGET
JUNE 2015
WIP Equipment Encumbered
$6,000,000.00 '
563,000
$5,000,000.00
$4,000,000.00
526,936
$3,000,000.00
4,970,277
$2,000,000.00
2,884,060
$1,000,000.00
$0.00
STORM CIP ACTUAL STORMWATER CAPITAL
BUDGET
STREET LIGHTS CAPITAL TO BUDGET
JUNE 2015
CIP Budget to Date Total Budget
1,000,000
900,000
800,000
700,000
600,000
500,000 $950,000 $950,000
400,000 $749,039
300,000
200,000
100,000 - imp
0
STREET LIGHTS CIP ACTUAL STREET LIGHTS CIP YR TO STREET LIGHTS CAPITAL
DATE BUDGET BUDGET
Cash Comparison by Fund
End of Last 4 Fiscal Years
$45
= 6/30/15
0
$40
$35
$30
6/30/15
$25
$20
$15
$10 6/30/15
$5
$0
Water Sewer Storm
■2012 ■2013 2014 ■2015
Cash Comparison Street Lighting Fund
End of Last 3 Fiscal Years
■2013 ■2014 2015
6/30/15
$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
Street Lights
Questions and Discussion
tyL
L
QY
_n
43