Loading...
HomeMy WebLinkAbout02/25/2021 - Meeting Materials ■ ■ ■ ■ Public SLC PUBLIC UTILITIES Financial Review : Financial Dashboard(January 31, 2021) February 25, 2021 Public utilities Financial Dashboard As of January 31, 2021 Water Fund FY 21 Expense Detail 180,000,000 13.22% ■ Personal Services 160,000,000 2.22% ■ O&M 140,000,000 ■ Charges &Services 120,000,000 ■ Debt Services 100,000,000 �20.98% 80,000,000 Capital Expenditures 60,000,000 40,000,000 20,000,000 1.99% 0 — 61.58% Revenues Expenses January 31,2021 Change from FY20 Percent of Budget FY 19-20 ■ FY 20-21 ■ FY 21 Bud YTD FY 21 Bud Operating Revenues $58,074,490 $5,186,965 77.30% Operating Expenses 38,311,726 2,702,720 51.86% Capital Expenditures 64,766,552 31,617,880 75.42% Amount Percent Time Total Expenses 103,078,278 34,320,600 64.53% Remaining Remaining Remaining January 31,2021 Change from FY20 Percent Change 2020 Bond Funds $72,425,409 93.73% 84.30% Available Cash $112,597,883 $70,818,254 169.50% (Included in Cash) Accounts Receivable 2,327,792 833,783 55.81% Public <: r utilities Financial Dashboard As of January 31, 2021 Sewer Fund FY21 Expense Detail 250,000,000 3.16% 0.44% 1.85% \ I / 4.76% I Personal Services 200,000,000 — O&M Charges & Services 150,000,000 ■ Debt Service ■ Capital Expenditures 100,000,000 50,000,000 / 0 . 89.79%J Revenues Expenses January 31,2021 Change from FY20 Percent of Budget ■ FY19-20 ■ FY20-21 ■ FY21 Bud YTD ■ FY 21 Bud Operating Revenues $29,694,011 $2,672,405 57.53% Operating Expenses 10,589,028 417,501 46.21% Capital Expenditures 174,251,821 81,725,177 98.44% Amount Percent Time Total Expenses 184,840,849 82,142,678 92.45% Remaining Remaining Remaining January 31,2021 Change from FY20 Percent Change 2020 Bond Funds $74,824,930 70.34% 84.30% Available Cash $102,565,534 $58,752,348 134.10% (Included in Cash) Accounts Receivable 2,839,482 305,972 12.08% Public <: r Utilities Financial Dashboard As of January 31, 2021 Stormwater FY21 Expense Detail 25,000,000 18.84% 20,000,000 52.75% �1.53%m Personal Services 15,000,000 ■ O&M ■ Charges & Services 10,000,000 Debt Services 17.83% ■ Capital Expenditures 5,000,000 9.05 0 Revenues Expenses January 31,2021 Change from FY20 Percent of Budget ■ FY19-20 ■ FY20-21 ■ FY21 Bud YTD ■ FY 21 Bud Operating Revenues $6,153,172 ($191,107) 61.52% Operating Expenses 3,664,619 112,005 43.30% Capital Expenditures 5,059,552 (1,587,084) 41.08% Amount Percent Time Total Expenses 8,724,171 (1,475,079) 41.99% Remaining Remaining Remaining January 31, 2021 Change from FY20 Percent Change 2020 Bond Funds $12,461,404 85.64% 84.30% Available Cash $20,323,471 $13,720,107 207.77% (Included in Cash) Accounts Receivable 597,583 (82,342) -12.11% Public <: r utilities Financial Dashboard As of January 31, 2021 Street Lighting FY21 Expense Detail 6,000,000 14.26% 7.85% o 0.00/ m personal Services 5,000,000 ■ O&M 5.61% _ ■ Charges & Services 4,000,000 Debt Services ■ Capital Expenditures 3,000,000 2,000,000 72.28% 1,000,000 0 Revenues Expenses January 31, 2021 Change from FY20 Percent of Budget Operating Revenues $2,292,418 ($107,433) 54.08% ■ FY19-20 ■ FY20-21 ■ FY21 Bud YTD h6 FY 21 Bud Operating Expenses 1,612,275 195,979 60.78% Capital Expenditures 286,819 (29,704) 12.71% Total Expenses 1,899,094 166,275 38.69% January 31, 2021 Change from FY20 Percent Change Available Cash $6,308,555 $273,133 4.53% Accounts Receivable 203,223 (36,893) -15.36% Public f T utilities Financial Dashboard As of January 31, 2021 Total Public Utilities January 31, 2021 Change from FY20 Percent of Budget Operating Revenues $96,214,091 $7,560,830 68.25% Operating Expenses $54,177,648 $3,428,205 50.21% Capital Expenditures $244,364,744 $111,726,269 88.07% Total Expenses $298,542,392 $115,154,474 77.47% January 31, 2021 Change from FY20 Percent Change Available Cash $241,795,443 $143,563,842 146.15% Accounts Receivable $5,968,080 $1,020,520 20.63% Delinquent Billings 4.57% Amount Percent Remaining Time Remaining 2020 Bond Funds $159,711,744 80.58% 84.30% (Included in Cash) Public r utilities d C4nil, Updates Budget preparation - FY2022 Budget subcommittee meetings every other week — Utilize projected FY 2022 budget as a guide Preliminary rate discussion Mayor - Evaluating and prioritizing projects to develop financing strategies Consideration of timing of future revenue bond issues