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Home My WebLink About04/22/2021 - Meeting Materials ■ ■ ■ ■ Public SLC PUBLIC UTILITIES Financial Review : Financial Dashboard(March 31, 2021) April 22, 2021 Public �= -X Utilities Financial Dashboard t ;T As of March 31, 2021 Water Fund FY 21 Expense Detail ■ Personal Services 180,000,000 14.45% 160,000,000 ■ O&M / 2.46% 140,000,000 ■ Charges &Services 120,000,000 Debt Services 100,000,000 — 80,000,000 — 23.29%■ Capital Expenditures 60,000,000 J"000�1 40,000,000 — 20,000,000 57.51% 2.29% 0 Revenues Expenses March 31, 2021 Change from FY20 Percent of Budget ■ FY 19-20 ■ FY 20-21 ■ FY 21 Bud YTD FY 21 Bud Operating Revenues $65,512,273 $6,168,606 87.20% Operating Expenses 48,340,100 3,444,855 65.44% Capital Expenditures 69,143,644 22,342,900 80.52% Amount Percent Time Total Expenses 117,483,744 25,787,755 73.55% Remaining Remaining Remaining March 31, 2021 Change from FY20 Percent Change 2020 Bond Funds $71,159,677 92.09% 78.90% Available Cash $101,277,068 $68,583,753 209.78% (Included in Cash) Accounts Receivable 1,708,818 396,010 30.17% '., Public utilities Financial Dashboard /1 As of March 31, 2021 Sewer Fund FY21 Expense Detail 300,000,000 3.82% 5.60% 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 / 87.76%J 0 Revenues Expenses March 31, 2021 Change from FY20 Percent of Budget ■ FY19-20 ■ FY20-21 ■ FY21 Bud YTD ■ FY 21 Bud Operating Revenues $38,384,904 $3,626,370 74.37% Operating Expenses 13,433,079 209,033 58.21% Capital Expenditures 177,514,294 58,138,985 76.23% Amount Percent Time Total Expenses 190,947,373 58,348,018 74.60% Remaining Remaining Remaining March 31, 2021 Change from FY20 Percent Change 2020 Bond Funds $58,279,729 54.79% 78.90% Available Cash $82,803,317 $47,832,644 136.78% (Included in cash) Accounts Receivable 2,030,557 (402,168) -16.53% '., Public utilities Financial Dashboard As of March 31, 2021 Stormwater FY21 Expense Detail 25,000,000 19.97% 20,000,000 51.36% ■ Personal Services 1.41% 15,000,000 ;,17.38% � ■ O&M ■ Charges & Services 10,000,000 Debt Services m Capital Expenditures 5,000,000 9.87% 0 Revenues Expenses March 31, 2021 Change from FY20 Percent of Budget Operating Revenues $8,101,043 ($74,943) 81.00% ■ FY19-20 ■ FY20-21 ■ FY21 Bud YTD FY 21 Bud Operating Expenses 4,427,189 (291,159) 52.31% _ Capital Expenditures 5,865,397 (1,573,866) 47.63% Amount Percent Time 1 Total Expenses 10,292,586 (1,865,025) 49.53% Remaining Remaining Remaining March 31, 2021 Change from FY20 Percent Change 2020 Bond Funds $12,282,591 84.41% 78.90% Available Cash $19,842,001 $13,854,956 231.42% (Included in cash) J Accounts Receivable 720,700 107,874 17.60% Public �= -X Utilities Financial Dashboard t ;T As of March 31, 2021 Street Lighting FY21 Expense Detail 6,000,000 17.15% 6.73% 0.00% ■ Personal Services 5,000,000 ■ O&M 4.94% ■ Charges & Services 4,000,000 Debt Services ■ Capital Expenditures 444 3,000,000 2,000,000 -71.18% 1,000,000 0 March 31, 2021 Change from FY20 Percent of Budget Revenues Expenses Operating Revenues $3,032,871 ($86,943) 71.55% Operating Expenses 2,291,347 569,633 86.39% ■ FY19-20 ■ FY20-21 ■ FY21 Bud YTD FY 21 Bud Capital Expenditures 504,434 (46,942) 22.36% Total Expenses 2,795,781 522,691 56.95% March 31, 2021 Change from FY20 Percent Change Available Cash $6,113,749 ($109,780) -1.76% Accounts Receivable 130,336 (82,479) -38.76% Public Utilities Financial Dashboard As of March 31, 2021 Total Public Utilities March 31, 2021 Change from FY20 Percent of Budget Operating Revenues $115,031,091 $9,633,090 81.59% Operating Expenses $68,491,715 $3,932,362 63.38% Capital Expenditures $253,027,769 $78,861,077 75.91% Total Expenses $321,519,484 $82,793,439 72.84% March 31, 2021 Change from FY20 Percent Change Available Cash $210,036,135 $130,161,573 162.96% Accounts Receivable $4,590,411 $19,237 0.42% Delinquent Billings 2.57% Amount Percent Remaining Time Remaining 2020 Bond Funds $141,721,997 71.50% 81.70% (Included in Cash) Public � * Utilities Updates Budget - FY2022 Presented to City Council on April 13 • Evaluating and prioritizing projects to be prepared for additional funding opportunities • Met with Stifel to discuss timing of future revenue bond issues and WIFIA loan drawdown