ITEM NO. 7.6
AGENDA REPORT
 
Meeting Date: October 27, 2016
To: Board of Directors
From: Marc Marcantonio, General Manager
Presented By: Delia Lugo, Finance Manager Dept: Finance
Prepared By: Kelly McCann, Senior Accountant
Subject: Budget to Actual Reports for the Months Ending July 31, 2016 and August 31, 2016
SUMMARY:
Presented are the Budget to Actual Reports for the Months Ending July 31, 2016 and August 31, 2016. 
STAFF RECOMMENDATION:
That the Board of Directors receive and file the Budget to Actual Reports for the Months Ending July 31, 2016 and August 31, 2016. 
DISCUSSION:
For the months ending July 31, 2016 and August 31, 2016, staff is presenting Budget to Actual Reports for the District as a whole, as well as the individual water and sewer funds.   

As reported through July 31, 2016, Total Water Operating Revenue, as presented, is 9.49% of annual budget, which is .48% lower than the five year historical trend for this point of the current fiscal year.  Water Other Operating Revenue is 13.34% of annual budget and Total Sewer Operating Revenue is 7.02% of annual budget.  Variable Water Costs are 11.83% of annual budget, which is .79% higher than budget.  Water Fund’s individual Supplies and Services expenses are below budget, with the exception of Dues & Memberships is at 26.22% of annual budget due to annual LAFCO  and AWWA membership costs, and Utilities is at 12.05% of the annual budget due to electricity costs at the Richfield and Miraloma facilities.  Other Expenses are at (-37.75%) of the annual budget due to refund of AT&T prior fiscal year expenses.     

While through August 31, 2016, Total Water Operating Revenue, as presented, is 19.18% of annual budget, which is 1.82% lower than the five year historical trend for this point of the fiscal year.  Water Other Operating Revenue is 26.18% of annual budget and Total Sewer Operating Revenue is 14.92% of annual budget.  Variable Water Costs are 22.19% of annual budget, which is .09% lower than budget. The majority of the Water Fund’s individual Supplies and Services expenses are below budget, with the exceptions of Dues & Memberships and Utilities due as mentioned above in July reported reasons. In addition, Professional Services is presented at 18.50% of annual budget due to Townsend, Kidman, Rafetlis, White Nelson Diehl Evans services, and Vehicle Equipment is presented at 22.38% of annual budget due to costs related to vehicle and stationery engine maintenance costs.  Other Expenses are at (-114.73%) of the annual budget due to the refund mentioned in July above and ACWA/JPIA reimbursement of water main leak repair costs expensed in prior fiscal year.
STRATEGIC PLAN:
FR 1-F: Continue to Record and Report the Fairly Stated Financial Activities of the District in a Timely and Transparent Manner to the Board of Directors and Member Agencies
ATTACHMENTS:
Name: Description: Type:
July_2016_Consolidated_Statement.xlsx July 2016 Consolidated Statement Backup Material
July_2016_Water_Statement.xlsx July 2016 Water Statement Backup Material
July_2016_Sewer_Statement.xlsx July 2016 Sewer Statement Backup Material
August_2016_Consolidated_Statement.xlsx August 2016 Consolidated Statement Backup Material
August_2016_Water_Statement.xlsx August 2016 Water Statement Backup Material
August_2016_Sewer_Statement.xlsx August 2016 Sewer Statement Backup Material