ITEM NO. 9.3
AGENDA REPORT
 
Meeting Date: January 24, 2017
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 Month Ending December 31, 2016
SUMMARY:
Presented are the Budget to Actual Reports for the Month Ending December 31, 2016.
DISCUSSION:

For the month ending December 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 December 31, 2016, Total Water Operating Revenue, as presented, is 57.15% of annual budget.  Variable Water Costs are 55.43% and Total Water Operating Costs is 51.43% of their respective annual budgets.  The majority of Supplies and Services expenses for the Water Fund are below budget except for Materials and Utilities. Other Non-Operating Expenses are above budget due to penalty credits issued.   

Total Sewer Operating Revenue is 53.35% and Total Sewer Operating Costs is 41.38% of their respective annual budgets. Other Non-Operating Expenses reflect a negative amount due to the District being reimbursed for the over payment of prior year costs assessed by the Orange County Sanitation District. 
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 December 2016 Consolidated Statement Backup Material
December_2016_Water_Statement.xlsx December 2016 Water Fund Statement Backup Material
December_2016_Sewer_Statement.xlsx December 2016 Sewer Fund Statement Backup Material
Water_Variable_Revenue_vs_Variable_Cost.pdf Backup Material Distributed Less Than 72 Hours Prior to the Meeting Backup Material
Financial_Trends.pdf Backup Material Distributed Less Than 72 Hours Prior to the Meeting Backup Material