ITEM NO. 7.2
AGENDA REPORT
 
Meeting Date: November 21, 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 Statements for the Month Ending October 31, 2016
SUMMARY:
Presented is the Budget to Actual Statements for the Month Ending October 31, 2016.
STAFF RECOMMENDATION:
That the Board of Directors receive and file the Budget to Actual Statements for the Month Ending October 31, 2016.
DISCUSSION:

For the month ending October 31, 2016, staff is presenting Budget to Actual Statements for the District as a whole, as well as for the individual Water and Sewer Funds.

As reported through October 31, 2016, Total Water Operating Revenue, as presented, is 40.21% of annual budget. Variable Water Costs are 40.21% of annual 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 to the previous month reported reasons. In addition, Materials are at 39.44% of annual budget due to purchases pertaining to replacement meters, replacement MXU(s), water service repair parts, and hydrant repair parts.  Other Expenses for the Water Fund are at 59.2% of annual budget due to credits in the amount of $23,320 being issued to customers to offset Administrative Penalty assessments for the mandated irrigation of fire zones. 

Total Sewer Operating Revenue is 31.72% of annual budget. Other Non-Operating Revenue is 491% of the annual budget due to the District receiving a check in the amount of $62,160 from the City of Yorba Linda as a result of reconciling a Property Tax Revenue account in relation to the 2011 City Sewer Transfer Agreement between YLWD and the City of Yorba Linda.

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:
October_2016_Consolidated_Statement.xlsx Consolidated Budget to Actual Statement Backup Material
October_2016_Water_Statement.xlsx Water Budget to Actual Statement Backup Material
October_2016_Sewer_Statement.xlsx Sewer Budget to Actual Statement Backup Material