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Home My WebLink About06/24/2021 - Meeting Materials ■ ■ ■ ■ Public SLC PUBLIC UTILITIES Financial Review : Financial Dashboard(May 31, 2021) June 24, 2021 Public � � utilities Financial Dashboard As of May 31, 2021 Water Fund FY 21 Expense Detail 180' 15.92 000 000 ■ Personal Services 160,000,000 ■ O&M 140,000,000 �2.64% ■ Charges &Services 120,000,000 ■ Debt Services 100,000,000 ,WAA 80,000,000 ■ Capital 24 99% Expenditures 60,000,000 40,000,000 20,000,000 53.93 0 — 2.51% Revenues Expenses May 31, 2021 Change from FY20 Percent of Budget FY 19-20 ■ FY 20-21 ■ FY 21 Bud YTD FY 21 Bud Operating Revenues $77,973,034 $7,350,590 103.39% Operating Expenses 59,133,571 6,116,890 79.16% Capital Expenditures 73,212,513 23,163,160 85.26% Amount Percent Time Total Expenses 132,346,084 29,280,050 82.42% Remaining Remaining Remaining May 31, 2021 Change from FY20 Percent Change 2020 Bond Funds $68,729,486 88.94% 73.30% Available Cash $90,758,387 $63,254,193 229.98% (Included in cash) Accounts Receivable 3,295,135 (1,458,013) -30.67% Public <: r utilities Financial Dashboard As of May 31, 2021 Sewer Fund FY21 Expense Detail 300,000,000 4.33% 0.66% � -2.73/0 6.115 Personal Services 250,000,000 O&M 200,000,000 Charges & Services ■ Debt Service 150,000,000 ■ Capital Expenditures 100,000,000 50,000,000 86.16%-/ 0 Revenues Expenses May 31, 2021 Change from FY20 Percent of Budget ■ FY19-20 ■ FY20-21 ■ FY21 Bud YTD ■ FY 21 Bud Operating Revenues $47,115,197 $4,576,660 91.08% Operating Expenses 16,972,502 1,671,331 72.43% Capital Expenditures 189,193,991 66,802,188 81.24% Amount Percent Time Total Expenses 206,166,493 68,473,519 80.44% Remaining Remaining Remaining May 31, 2021 Change from FY20 Percent Change 2020 Bond Funds $57,028,892 53.61% 73.30% Available Cash $74,402,675 $43,471,323 140.54% (Included in Cash) Accounts Receivable 2,699,742 (891,852) -24.83% Public ¢= -� Utilities Financial Dashboard As of May 31, 2021 Stormwater FY21 Expense Detail 30,000,000 19.51% 25,000,000 53.34% 20,000,000 0 ■ Personal Services — O&M 15,000,000 ■ Charges & Services Debt Services 10,000,000 I16.29% ■ Capital Expenditures 5,000,000 9.61% 0 Revenues Expenses May 31, 2021 Change from FY20 Percent of Budget Operating Revenues $9,950,105 ($45,654) 99.14% ■ FY19-20 ■ FY20-21 ■ FY21 Bud YTD FY 21 Bud Operating Expenses 5,346,529 296,567 61.59% Capital Expenditures 7,696,506 (1,184,432) 62.49% Amount Percent Time Total Expenses 13,043,035 (887,865) 62.12% Remaining Remaining Remaining May 31, 2021 Change from FY20 Percent Change 2020 Bond Funds $12,007,826 82.52% 73.30% Available Cash $20,445,446 $13,910,899 212.88% (Included in Cash) Accounts Receivable 627,075 (198,064) -24.00% Public <: r utilities Financial Dashboard As of May 31, 2021 Street Lighting FY21 Expense Detail 6,000,000 13.34% 5.63% 0.00% ■ Personal Services 5,000,000 4.00% ■ O&M ■ Charges & Services 4,000,000 Debt Services ■ Capital Expenditures 3,000,000 aA 2,000,000 _77.03% 1,000,000 0 May 31, 2021 Change from FY20 Percent of Budget Revenues Expenses Operating Revenues $3,738,739 ($99,967) 88.16% ■ FY19-20 ■ FY20-21 ■ FY21 Bud YTD L FY 21 Bud Operating Expenses 3,663,708 1,194,008 123.06% Capital Expenditures 591,395 (244,410) 26.21% Total Expenses 4,255,103 949,598 81.30% May 31, 2021 Change from FY20 Percent Change Available Cash $5,295,019 ($536,139) -9.19% Accounts Receivable 178,681 (95,618) -34.86% Public f � utilities Financial Dashboard As of May 31, 2021 Total Public Utilities May 31, 2021 Change from FY20 Percent of Budget Operating Revenues $138,777,075 $11,781,629 98.13% Operating Expenses $85,116,310 $9,278,796 77.53% Capital Expenditures $270,694,405 $88,536,506 81.21% Total Expenses $355,810,715 $97,815,302 80.30% May 31, 2021 Change from FY20 Percent Change Available Cash $190,901,527 $120,100,276 169.63% Accounts Receivable $6,800,633 ($2,643,547) -27.99% Delinquent Billings 0.97% Amount Percent Remaining Time Remaining 2020 Bond Funds $137,766,204 69.51% 73.30% (Included in Cash) Public r utilities d C4nil, Updates Budget - FY2022 Approved as presented on June 15 Rates will not be approved until July 13 - Working with IMS team on billing strategy • Evaluating and prioritizing projects to be prepared for any additional funding opportunities Preparing for fiscal yearend and upcoming audit