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Home My WebLink About06/23/2022 - Meeting Materials ■ ■ ■ ■ Public SLC PUBLIC UTILITIES Financial Review : Financial Dashboard(May 31, 2022) June 23, 2022 '., Public utilities Financial Dashboard As of May 31, 2022 Water Fund FY 22 Expense Detail ■ Personal Services 200,000,000 15.46% 180,000,000 ■ O&M 160,000,000 �2.61% ■ Charges &Services 140,000,000 120,000,000 Debt Services 100,000,000 ■ Capital 80,000,000 �25.57% Expenditures 60,000,000 40,000,000 20,000,000 53.79% 0 2.57% Revenues Expenses May 31, 2022 Change from FY21 Percent of Budget ■ FY 20-21 ■ FY 21-22 ■ FY 22 Bud YTD FY 22 Bud Operating Revenues $69,979,349 ($7,993,685) 76.90% Operating Expenses 61,442,639 2,309,068 76.19% Capital Expenditures 75,725,632 2,513,119 88.19% Amount Percent Time Total Expenses 137,168,271 4,822,187 82.38% Remaining Remaining Remaining May 31, 2022 Change from FY21 Percent Change 2020 Bond Funds $40,196,010 52.02% 40.00% Available Cash $56,045,440 ($34,712,947) -38.25% (Included in Cash) Accounts Receivable 2,525,920 (769,215) -23.34% '., Public utilities Financial Dashboard As of May 31, 2022 Sewer Fund FY22 Expense Detail 3.27% 0.67 1 0 _2.21% 500,000,000 / 3.96% ■ Personal Services 450,000,000 400,000,000 ■ O&M 350,000,000 ■ Charges & Services 300,000,000 ■ Debt Service 250,000,000 ■ Capital Expenditures 200,000,000 150,000,000 100,000,000 / 50,000,000 89.89%J 0 1 Revenues Expenses May 31,2022 Change from FY21 Percent of Budget ■ FY20-21 ■ FY21-22 ■ FY22 Bud YTD ■ FY 22 Bud Operating Revenues $52,907,931 $5,581,416 90.27% Operating Expenses 17,859,785 887,283 72.07% Capital Expenditures 261,122,251 71,928,260 77.86% Amount Percent Time Total Expenses 278,982,036 72,815,543 77.46% Remaining Remaining Remaining May 31,2022 Change from FY21 Percent Change 2020 Bond Funds $18,925,338 17.79% 40.00% Available Cash $41,018,879 ($33,383,796) -44.87% (Included in Cash) Accounts Receivable 2,351,271 (348,471) -12.91% '., Public utilities Financial Dashboard As of May 31, 2022 Stormwater FY22 Expense Detail 30,000,000 20.39% 25,000,000 ■ Personal Services 20,000,000 1-0.80% / ■ O&M 15,000,000 L8 80% ■ Charges & Services Debt Services 10,000,000 62.14% ■00tal Expenditures 5,000,000 0 Revenues Expenses May 31, 2022 Change from FY21 Percent of Budget Operating Revenues $11,021,981 $1,071,876 101.14% ■ FY20-21 ■ FY21-22 ■ FY22 Bud YTD -A FY 22 Bud Operating Expenses 5,429,933 600,853 59.39% Capital Expenditures 11,251,606 3,555,100 84.98% Amount Percent Time Total Expenses 16,681,539 4,155,953 74.53% Remaining Remaining Remaining May 31, 2022 Change from FY21 Percent Change 2020 Bond Funds $9,915,759 68.14% 40.00% Available Cash $21,128,802 $683,356 3.34% (Included in Cash) Accounts Receivable 506,325 (120,750) -19.26% Public �= -X Utilities Financial Dashboard t ;T As of May 31, 2022 Street Lighting FY21 Expense Detail 7,000,000 12.41% 6.04% 0.02% m Personal Services 6,000,000 4.62% ■ O&M ■ Charges & Services 5,000,000 Debt Services 4,000,000 ■ Capital Expenditures 3,000,000 2,000,000 ----76.91% 1,000,000 May 31, 2022 Change from FY21 Percent of Budget 0 Operating Revenues $3,952,052 $211,813 94.93% Revenues Expenses Operating Expenses 3,186,195 (477,513) 97.34% ■ FY20-21 ■ FY21-22 ■ FY22 Bud YTD FY 22 Bud Capital Expenditures 476,459 (114,936) 21.27% Total Expenses 3,662,654 (592,449) 66.43% May 31, 2022 Change from FY21 Percent Change Available Cash $5,598,358 $303,339 5.73% Accounts Receivable 111,476 (67,205) -37.61% '., Public utilities Financial Dashboard As of May 31, 2022 Total Public Utilities May 31, 2022 Change from FY21 Percent of Budget Operating Revenues $137,861,313 ($1,128,580) 83.72% Operating Expenses $87,918,552 $3,319,691 74.61% Capital Expenditures $348,575,948 $77,881,543 79.81% Total Expenses $436,494,500 $81,201,234 78.71% May 31, 2022 Change from FY21 Percent Change Available Cash $123,791,479 ($67,110,048) -35.15% Accounts Receivable $5,494,992 ($1,305,641) -19.20% Delinquent Billings 0.95% Amount Percent Remaining Time Remaining 2020 Bond Funds $69,037,107 34.83% 40.00% (Included in Cash) '., Public Utilities Updates Series 2022 bond issue Pricing and sale — June 14 Total issue - $329,?025,pOOO - Tentative closing June 29 General Year end preparation Budget/rates approved