ITEM NO. 9.2
AGENDA REPORT
 
Meeting Date: December 22, 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 November 30, 2016
SUMMARY:
Presented is the Budget to Actual Statements for the Month Ending November 30, 2016
STAFF RECOMMENDATION:
That the Board of Directors receive and file the Budget to Actual Statements for the Month Ending November 30, 2016
DISCUSSION:

For the month ending November 30, 2016, staff is presenting Budget to Actual Statements for the District as a whole, as well as the individual Water and Sewer Funds.

As reported through November 30, 2016, the Total Water Operating Revenue, as presented, is 49.77% of annual budget.  Variable Water Costs are 47.49% and Total Water Operating Costs is 42.83% of their respective annual budgets.  The majority of Supplies and Services expenses for the Water Fund are below budget except for Dues & Memberships, Materials, and Utilities due to previous month reported reasons.  Other Non-Operating Revenue is lower than the budget due to the loss on investments with the fair market value decrease, while Interest Revenue is above annual budget due to the increase in interest rates for the Water Funds' investments.    

Total Sewer Operating Revenue is 40.74% and Total Sewer Operating Costs is 32.04% of their respective annual budgets. Other Non-Operating Revenue is at a lower percentage compared to October 2016 due to the loss on investments with the fair market value decrease.  Vehicle Equipment expenses are above budget due to the repair costs associated with sewer vehicles.

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:
Consolidated_Budget_to_Actual_Statement.xlsx Consolidated Budget to Actual Statement Backup Material
November_2016_Water_Statement.xlsx Water Budget to Actual Statement Backup Material
November_2016_Sewer_Statement.xlsx Sewer Budget to Actual Statement Backup Material