HomeMy WebLinkAbout2013-07-22 - Finance-Accounting Committee Meeting Agenda PacketYorba Linda
Water District
AGENDA
YORBA LINDA WATER DISTRICT
FINANCE - ACCOUNTING COMMITTEE MEETING
Monday, July 22, 2013, 10:00 AM
1717 E Miraloma Ave, Placentia CA 92870
1. CALL TO ORDER
2. ROLL CALL
COMMITTEE
Director Phil Hawkins, Chair
Director Gary T. Melton
STAFF
Steve Conklin, Acting General Manager
3. PUBLIC COMMENTS
Any individual wishing to address the committee is requested to identify themselves and state the matter on
which they wish to comment. If the matter is on this agenda, the committee Chair will recognize the individual for
their comment when the item is considered. No action will be taken on matters not listed on this agenda.
Comments are limited to matters of public interest and matters within the jurisdiction of the Water District.
Comments are limited to five minutes.
4. ACTION CALENDAR
This portion of the agenda is for items where staff presentations and committee discussions are needed prior to
formal committee action.
4.1. FY 2013/14 Water Rate Increase
Recommendation. That the Finance - Accounting Committee recommend the Board
of Directors adopt Resolution No. 13 -13 Setting Water Rates Effective July 1, 2013
and Rescinding Resolution No. 12 -13.
5. DISCUSSION ITEMS
This portion of the agenda is for matters such as technical presentations, drafts of proposed policies, or similar
items for which staff is seeking the advice and counsel of the Committee members. This portion of the agenda
may also include items for information only.
5.1. Auditor Discussion with Those In Governance
5.2. Transfers of Reserves (Verbal Report)
5.3. Short -Term Financing Rate (Verbal Report)
5.4. Investment Report for the Period Ending June 30, 2013
5.5. Budget to Actual Reports for June 30, 2013
5.6. Future Agenda Items and Staff Tasks
6. ADJOURNMENT
6.1. The next Finance - Accounting Committee meeting is scheduled to be held Monday,
August 26, 2013 at 12:00 p.m.
Items Distributed to the Committee Less Than 72 Hours Prior to the Meeting
Pursuant to Government Code section 54957.5, non - exempt public records that relate to open session agenda items
and are distributed to a majority of the Committee less than seventy -two (72) hours prior to the meeting will be available
for public inspection in the lobby of the District's business office located at 1717 E. Miraloma Avenue, Placentia, CA
92870, during regular business hours. When practical, these public records will also be made available on the District's
internet website accessible at http: / /www.ylwd.com /.
Accommodations for the Disabled
Any person may make a request for a disability - related modification or accommodation needed for that person to be
able to participate in the public meeting by telephoning the Executive Secretary at 714 - 701 -3020, or writing to Yorba
Linda Water District, P.O. Box 309, Yorba Linda, CA 92885 -0309. Requests must specify the nature of the disability and
the type of accommodation requested. A telephone number or other contact information should be included so the
District staff may discuss appropriate arrangements. Persons requesting a disability - related accommodation should
make the request with adequate time before the meeting for the District to provide the requested accommodation.
AGENDA REPORT
Meeting Date: July 22, 2013
To: Board of Directors
From: Steve Conklin, Acting General
Manager
Presented By: Stephen Parker, Finance
Manager
Prepared By: Stephen Parker, Finance
Manager
Subject: FY 2013/14 Water Rate Increase
STAFF RECOMMENDATION:
Dept:
Reviewed by Legal
ITEM NO. 4.1
Finance
Yes
That the Finance - Accounting Committee recommend the Board of Directors adopt Resolution No.
13 -13 Setting Water Rates Effective July 1, 2013 and Rescinding Resolution No. 12 -13.
DISCUSSION:
In June 2012 the Board held a meeting to consider a three -year rate increase as was noticed to the
District's customers through the Prop 218 process. The Board elected to move forward with the
three year rate increase. However, to allow the possibility that the District's financial situation might
improve enough where the rate increase identified in the Notice of Proposed Water Rate Increase
was not necessary, the Board elected to only adopt the first year of the three annual rate increases.
Through preparation of the FY 13/14 Budget, it has become evident that the previously noticed
2.5% rate increase was necessary for this fiscal year. As a result, staff is presenting Resolution 13-
13 to the Finance - Accounting Committee and on to the Board to memorialize the FY 13/14 rate
increase.
STRATEGIC PLAN:
FR 2 -C: Implement an Approach to Ensure Reserves are Responsibly Funded
PRIOR RELEVANT BOARD ACTION(S):
On June 28, the Board adopted Resolution 2012 -13, setting water rates for the 2012/13 fiscal year.
ATTACHMENTS:
Name: Description: Type:
Resolution 13 -13 Setting Water Rates.doc Resolution 13 -13 Backup Material
RESOLUTION NO. 13 -13
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
SETTING WATER RATES EFFECTIVE JULY 1, 2013,
AND RESCINDING RESOLUTION NO. 12 -13
WHEREAS, pursuant to Water Code Section 31007, the Board of Directors of the
Yorba Linda Water District (YLWD) is required to set water rates at a level
which will pay for the provision of water services; and
WHEREAS, pursuant to Government Code Section 53756, YLWD may adopt a
schedule of fees or charges authorizing automatic adjustments that pass
through increases in wholesale charges for water; and
WHEREAS, the Board of Directors previously adopted Resolution No. 12 -13, which
established water rates effective July 1, 2012; and
WHEREAS, YLWD has determined the unit cost of changes in rates from the
Metropolitan Water District of Southern California (MWD), the Municipal
Water District of Orange County (MWDOC) and Orange County Water
District (OCWD) for FY 2013/14; and
WHEREAS, YLWD has prepared a budget for FY 2013/14, which includes the unit
cost of the MWD, MWDOC and OCWD pass- through applied to the
commodity charge of YLWD rates in accordance with Government Code
Section 53756; and
WHEREAS, on April 26, 2012 the Board of Directors considered Water Rate Study
2012 which included recommended water rates for FY 2012/13, FY
2013/14 and FY 2014/15 and the Board of Directors determined that the
water rate increases described in Water Rate Study 2012 are necessary
and sufficient to cover, without exceeding, the cost to provide water
service to each customer; and
WHEREAS, pursuant to and in compliance with Proposition 218 (California
Constitution Art. XIII D), the District on May 4, 2012 mailed a notice of
water rate increase to all customers which included the proposed rates for
FY 2012/13, FY 2013/14 and FY 2014/15, and the Board of Directors has
received a proof of mailing; and
WHEREAS, pursuant to Proposition 218 on June 21, 2012 the Board of Directors held
a hearing regarding water rate and pass- through charges for FY 2012/13,
FY 2013/14 and FY 2014/15 and heard and considered protests; and
Resolution No. 13 -13 Setting Water Rates
WHEREAS, on June 21, 2012 the Board of Directors adopted Resolution FY 2012/13
establishing water rates for the FY 2012/13 fiscal year; and
WHEREAS, the Board of Directors desires to establish water rates for the FY 2013/14
fiscal year.
NOW THEREFORE, the Board of Directors of the Yorba Linda Water District does
hereby find, determine, and resolve the following:
Section 1. Resolution No. 12 -13 is hereby rescinded.
Section 2. Water rates for service defined in Section 3.8 of the Rules and
Regulations of the Yorba Linda Water District are hereby amended as
follows, to take effect on July 1, 2013:
For All Potable Water Service:
All Water Usage shall be charged at
Basic Service Charge for:
5/8"
and 3/4" Meters
1"
Meters
1
1/2" Meters
2"
Meters
3"
Meters
4"
Meters
6"
Meters
$2.64 / 100 Cu. Ft.
(includes FY 13/14
pass- through charge)
$8.80 / Month
$14.67 / Month
$29.34 / Month
$46.94 / Month
$102.67 / Month
$187.80 / Month
$410.67 / Month
Section 3. Additional rates and fees for service are as follows:
3.a Permanent Untreated Water Service: The current MWD Untreated Full
rate, plus charges by MWDOC, plus any other fees, charges or penalties
as may be imposed by MWD and /or MWDOC, plus $13 per acre foot.
3.b The charge for Temporary service as defined in Section 3.5.1 of the Rules
and Regulations for Water Service shall be as follows:
3.5.1 TEMPORARY SERVICE: The rate per hundred cubic feet shall be
two times the rate specified for all water service plus $2.50 per day for
each day that the meter is available for use by the customer. A security
deposit of $1,000 is required at the time of rental and the deposit will be
returned within 15 days of the return of the meter.
Resolution No. 13 -13 Setting Water Rates 2
3.c The monthly rates for Private Fire Service Protection, as defined in Section 3.6
of the Rules and Regulations for Water Service, shall be as follows:
Meter Size Monthly Charge
4 inch $16.00
6 inch $35.00
8 inch $59.00
10 inch $94.00
PASSED AND ADOPTED this 25th day of July 2013 by the following called vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
Gary Melton, President
Yorba Linda Water District
ATTEST:
Steven R. Conklin, Secretary
Yorba Linda Water District
Reviewed as to form by General Counsel:
Arthur G. Kidman, Esq.
Kidman Law, LLP
Resolution No. 13 -13 Setting Water Rates 3
AGENDA REPORT
Meeting Date: July 22, 2013
To: Finance - Accounting Committee
From: Steve Conklin, Acting General
Manager
Presented By: Stephen Parker, Finance Dept:
Manager
Prepared By: Stephen Parker, Finance
Manager
Subject: Auditor Discussion with Those In Governance
DISCUSSION:
ITEM NO. 5.1
Finance
Nitin Patel, Partner from White Nelson Diehl Evans LLP will address the Finance - Accounting
Committee with information pertaining to the upcoming audit of the fiscal year ending June 30,
2013. He will also be available for any questions the Committee may have.
STRATEGIC PLAN:
FR 1 -B: Prepare a High Level Annual Budget Document and Comprehensive Annual Financial
Report and Compete for Recognition by the Government Finance Officers Association
PRIOR RELEVANT BOARD ACTION(S):
On May 26, 2011 the Board authorized the President and Secretary to execute a Professional
Services Agreement with Diehl, Evans & Company for a three year contract with two subsequent
one -year options for a fee not to exceed $97,695.
Meeting Date;
To:
From:
Presented By
Prepared By:
Subject:
SUMM RY:
ITEM NO. 5.4
AGENDA REPORT
July 22, 2013
Finance - Accounting Committee
Steve Conklin, Acting General
Manager
Stephen Parker, Finance Manager Dept: Finance
Delia Lugo, Senior Accountant
Investment Report for the Period Ending June 30, 2013
Staff is submitting the June 2013 Monthly Investment Reports for the Committee's review.
DISCUSSION:
The Investment Portfolio Report presents the market value and percent yield for all District investments by
institution. The Investment Report Summary includes budget and actual interest and average term portfolio
information as well as market value broken out by reserve categories.
The total yield for the month ending June 30, 2013 is 0.70 %.
The overall increase in the investment balance from the previous month is approximately $1,095,000. A
couple of the larger balance changes include an increase in the Water Operating fund of approximately
$818,000 and an increase in the Reserve for Debt Service of $293,000 due to the District meeting its
monthly obligation to ensure that funds are set aside for the September 2013 debt service principal and
interest payments.
As a result of the Board of Director's adopting a revised Investment Policy as set forth in Resolution 13 -06,
staff has moved forward with the overall goal of diversifying the District's investment portfolio. In the month of
June Federal Agency Securities and Negotiable Certificates of Deposits that meet the guidelines of the
Investment Policy were purchased.
With the close of the fiscal year and with the intention of investing for greater interest earnings, funds that
exceeded applicable accounts payable and payroll obligations were transferred into the money market
account at Bank of the West. Staff determined that all scheduled payables would clear from the District's
primary checking account. On June 30, 2013 the District's bank statement at Wells Fargo report a month end
balance of $257,088. However, because the ledger account reflects all outstanding checks, the ledger
balance is being shown as ($65,847).
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:
Invst 6- 13.xlsx Investment Report for Period Ending June 30, 2013 Backup Material
Invst Agenda Backup -June 2013.xlsx Agenda Backup Backup Material
Yorba Linda Water District
Investment Portfolio Report
June 30, 2013
Market % Date of Percent
Value Par of Total Institution Maturity Yield
Checking Account:
$ (65,847) $ (65,847) Wells Fargo Bank
317 317 Pershing
$ (65,530) $ (65,530) -0.33% Total 0.00%
Money Market Accounts
$ 54,956 $
54,956
Wells Fargo Money Market
0.05%
23,245
23,245
US Bank (Revenue Bonds)
0.04%
6,659,681
6,659,681
Bank of the West
0.34%
$ 6,737,882 $
6,737,882 34.44%
Total
0.34%
Federal Agency Securities
$ 490,185
$ 500,000
Fannie Mae
05/25/18
1.14%
$ 485,590
$ 500,000
Federal Home Loan Bank
06/12/18
1.25%
$ 488,470
$ 500,000
Fannie Mae
06/12/18
0.81%
$ 486,785
$ 500,000
Federal Home Loan Bank
06/13/13
1.12%
$ 487,105
$ 500,000
Federal Home Loan Bank
06/20/13
1.15%
2,137,144
2,144,397
Federal Home Loan Bank
05/28/14
1.36%
$ 4,575,279
$ 4,644,397 23.39%
Total
05/14/18
1.22%
Certificates of'Deposits
$ 241,869
$ 248,000
CIT Bank
05/22/18
1.23%
241,869
248,000
Discover
05/22/18
1.23%
241,869
248,000
Goldman Sachs Bank
05/22/18
1.23%
241,939
248,000
Beal Bank
05/23/18
1.02%
243,308
248,000
Wells Fargo
04/27/18
0.91%
239,264
247,000
Barclays Bank
05/14/18
0.72%
242,760
248,000
State Bank of India
05/14/18
1.17%
243,833
249,000
Webster Bank
05/03/18
0.91%
241,847
248,000
American Express Centurion Bank
05/28/18
1.23%
241,778
248,000
GE Capital Bank
05/24/18
1.12%
245,576
249,000
Merrick Bank
05/24/17
0.76%
244,605
248,000
BMW Bank
05/24/17
0.91%
246,368
249,000
Firstbank Puerto Rico
05/24/16
0.75%
242,827
249,000
Oriental Bank & Trust
05/29/18
1.07%
242,924
249,000
Silvergate Bank
05/30/18
1.02%
242,810
249,000
Enterprise Bank & TR Co Lowell
05/30/18
1.02%
242,800
249,000
Safra National Bank
05/31/18
1.02%
241,840
248,000
TOwnebankPortsmouth
05/31/18
1.02%
242,820
249,000
Mascona Savings Bank
05/29/18
1.02%
$ 4,612,907
$ 4,719,000 23.58%
Total
0.80%
Pooled Investment
Accounts:
$ 640,379
$ 640,379
Local Agency Investment Fund
0.25%
-
Ca1TRUST Short Term
0.00%
3,063,754
3,079,726
Ca1TRUST Medium Term
0.62%
$ 3,704,133
$ 3,720,105 18.93%
0.56%
$ 19,564,671
$ 19,755,854 100%
T otal Investments
0.70%
Per Government Code requirements, the Investment Report is in compliance with the Yorba
Linda Water District's Investment Policy, and there are adequate funds available to meet
budgeted and actual expenditures for the next six months.
Delia Lugo, Senior Accountant
6/30/13
Investment Summary Report
Below is a chart summarizing the yields as well as terms and maturities for the month of June 2013:
Avg. Portfolio
Avg. Portfolio
# of
Month Yield Without
Yield With
Days to
of 2013 CalTRUST
CalTRUST
Maturity
June 0.71%
0.70%
686
Below is are charts comparing operating fund interest for current and prior fiscal years.
Actual Interest
Monthly - June
Year -to -Date
6/30/2012
34,380
257,518
6/30/2013
19,845
135,473
Budget 2011/2012 2012/2013
Interest Budget, June YTD $ 190,000 $ 150,000
Interest Budget, Annual $ 190,000 $ 150,000
Interest earned on investments is recorded in the fund that owns the investment.
Investment Summary Comparison Between Current and Previous Month
The distribution of investments in the portfolio both in dollars and as a percentage of the total portfolio by funds
is as follows:
May 2013
% Alloc
June 2013
% Alloc
Fund Description
Balance
5/31/2013
Balance
6/30/2013
Water Operating Reserve
$ 3,922,419
19.46%
$ 5,015,576
25.56%
Water Emergency Reserve
1,006,647
5.77%
990,234
5.04%
Water Capital Project Reserve
7,748,028
44.46%
7,774,174
39.60%
Water Reserve for Debt Service
1,010,637
4.56%
1,304,228
6.64%
Maintenance Reserve
200,715
1.15%
200,715
1.02%
COP Revenue Bond 2008 - Reserve
2,162,948
12.31%
2,160,389
11.01%
Sewer Operating
16,229
0.09%
16,174
0.08%
Sewer Emergency Reserve
1,005,640
5.77%
1,001,806
5.10%
Sewer Capital Project Reserve
1,145,875
6.43%
1,167,222
5.95%
$ 18,219,138
100.00%
$ 19,630,518
100.00%
Wells Fargo Bank Checking
Water Operating
(21,263)
(296,566)
Sewer Operating
267,352
230,719
246,089
(65,847)
Totals
$ 18,465,227
$ 19,564,671
AGENDA REPORT
Meeting Date: July 22, 2013
To:
Finance - Accounting Committee
From:
Steve Conklin, Acting General
Manager
Presented By:
Steve Conklin, Acting General Dept:
Manager
Prepared By:
Delia Lugo, Senior Accountant
Subject:
Budget to Actual Reports for June 30, 2013
DISCUSSION:
ITEM NO. 5.5
Finance
Attached are the District's budget to actual summary results for the Water Fund, Sewer Fund and a
combined statement for both funds pertaining to the reporting month of June 2013. For the month of
June 2013, the District water revenue is 102.9% of annual budget, which is 2.9% higher when
compared to the historical trend for this point in the year. Variable water costs are higher than
budgeted due to the District's intentional strategy to use a greater percentage of the more expensive
imported water in the first half of the year due to MWD's rate increase that went into effect January
2013.
The majority of the Water Fund's individual Supplies and Services expenses are trending near
budget, however the net Supplies and Services is trending slightly over budget. This is almost
exclusively due to Materials expenses, which is approximately $282,000 over budget primarily due
to repair parts, hydrant repair parts and water service repair parts in the amounts of $107,000,
$54,000, $38,000 and $20,000 respectively.
Overall, Sewer Supplies and Services expenses are trending slightly over budget. This is due to the
Water Fund's pass through plus Sewer's Maintenance fund being over budget due to Sewer Asphalt
Paving not being budgeted ($32,000) and Sewer Line Repairs being over budget by $15,000.
STRATEGIC PLAN:
FR 1 -G: Continue to Improve Communications of the Districts Financial Information to the Board of
Directors, Member Agencies, Management, and the Financial Community
ATTACHMENTS:
Description: Type:
June 2013 consolidated stmt.xlsx June 2013 Consolidated Statement Backup Material
June 2013 Water Stmt.xlsx June 2013 Water Statement Backup Material
June 2013 Sewer Stmt.xlsx June 2013 Sewer Statement Backup Material
Yorba Linda Water District
Summary Financial Report
Water & Sewer Funds
For Twelve Months Ending June 30, 2013
Revenue (Operating):
Water Revenue (Residential)
Water Revenue (Commercial & Fire Det.)
Water Revenue (Landscape /Irrigation)
Water Revenue (Service Charge)
Sewer Charge Revenue
Locke Ranch Assessments
Other Operating Revenue
Total Operating Revenue:
Revenue (Non- Operating)
Original
YTD
YTD
YTD
Budget
Actual
Under(Over)
% of
FY 2013
FY 2013
Budget
Budget
$15,405,197 $15,914,624 (509,427) 103.31%
1,822,665
1,890,271
(67,606)
103.71%
4,035,121
4,161,528
(126,407)
103.13%
3,755,191
3,721,459
33,732
99.10%
1,548,682
1,559,866
(11,184)
100.72%
198,433
198,284
149
99.92%
643,737
725,819
(82,082)
112.75%
27,409,026 28,171,851 (762,825) 102.78%
Interest
170,000
135,474
34,526
79.69%
Property Tax
1,244,320
1,325,936
(81,616)
106.56%
Other Non - Operating Revenue
494,437
566,832
(72,395)
114.64%
Total Non - Operating Revenue:
1,908,757
2,028,242
(119,485)
106.26%
Total Revenue
29,317,783
958,926
0.00%
2,730,661
30,200,093
(882,310)
103.01%
6,602,339
6,863,086
(260,747)
Expenses (Operating):
($3,871,678)
($1,538,385)
($2,333,293)
39.73%
Variable Water Costs (G.W., Import & Power)
12,953,024
12,995,317
(42,293)
100.33%
Salary Related Expenses
7,648,891
6,851,891
797,000
89.58%
Supplies & Services
3,849,602
4,166,973
(317,371)
108.24%
Total Operating Expenses
24,451,517
24,014,181
437,336
98.21%
Expenses (Non- Operating):
Interest on Long Term Debt
Other Expense
Total Non - Operating Expenses:
Total Expenses
Net Income (Loss) Before Capital Contributions
Capital Contributions
Net Income (Loss) Before Depreciation
Depreciation & Amortization
Total Net Income (Loss)
2,011,395
124,210
1,780,123
40,014
231,272
84,196
88.50%
32.21%
2,135,605
1,820,137
315,468
85.23%
26,587,122
25,834,318
752,804
97.17%
2,730,661
4,365,775
(1,635,114)
159.88%
-
958,926
958,926
0.00%
2,730,661
5,324,701
(676,188)
195.00%
6,602,339
6,863,086
(260,747)
103.95%
($3,871,678)
($1,538,385)
($2,333,293)
39.73%
Yorba Linda Water District
Water Fund
For Twelve Months Ending June 30, 2013
June YTD YTD YTD
Budget Actual Actual Under(Over) % of
FY 2013 FY 2013 FY 2013 Budget Budget
Revenue (Operating)
Water Revenue (Residential)
$15,405,197
1,431,413
$15,914,624
(509,427)
103.31%
Water Revenue (Commercial & Fire Det.)
1,822,665
154,472
1,890,271
(67,606)
103.71%
Water Revenue (Landscape /Irrigation)
4,035,121
416,567
4,161,528
(126,407)
103.13%
Water Revenue (Service Charge)
3,755,191
313,035
3,721,459
33,732
99.10%
Other Operating Revenue
585,929
60,089
667,743
(81,814)
113.96%
Total Operating Revenue:
25,604,103
2,375,576
26,355,625
(751,522)
102.94%
Revenue (Non- Operating):
-
47,988
0.00%
259,656
Interest
150,000
18,844
119,761
30,239
79.84%
Property Tax
1,244,320
13,195
1,325,936
(81,616)
106.56%
Other Non - Operating Revenue
490,262
(116,077)
571,816
(81,554)
116.63%
Total Non - Operating Revenue:
1,884,582
(84,038)
2,017,513
(132,931)
107.05%
Total Revenue
Expenses (Operating):
Variable Water Costs (G.W., Import & Power)
Salary Related Expenses
Supplies & Services:
Communications
Contractual Services
Data Processing
Dues & Memberships
Fees & Permits
Board Election
Insurance
Materials
District Activities, Emp Recognition
Maintenance
Non - Capital Equipment
Office Expense
Professional Services
Training
Travel & Conferences
Uncollectible Accounts
Utilities
Vehicle Equipment
Supplies & Services Sub -Total
Total Operating Expenses
Expenses (Non- Operating):
Interest on Long Term Debt
Other Expense
Total Non - Operating Expenses:
Total Expenses
27,488,685 2,291,538 28,373,138 (884,453) 103.22%
12,953,024
1,293,587
12,995,317
(42,293)
100.33%
6,741,403
409,199
6,064,112
677,291
94.07%
280,232
17,485
186,569
93,663
66.58%
455,041
47,259
436,173
18,868
95.85%
125,866
6,694
119,560
6,306
94.99%
57,609
764
53,264
4,345
92.46%
139,165
6,241
153,498
(14,333)
110.30%
47,988
-
47,988
0.00%
259,656
248,491
11,165
95.70%
451,506
75,296
733,933
(282,427)
162.55%
17,298
2,923
20,054
(2,756)
115.93%
350,383
83,829
352,227
(1,844)
100.53%
109,782
46,100
159,018
(49,237)
144.85%
37,702
4,483
39,440
(1,738)
104.61%
740,578
171,629
858,356
(117,778)
115.90%
41,353
870
19,742
21,611
47.74%
40,833
2,118
23,882
16,951
58.49%
36,270
14,437
32,089
4,181
88.47%
79,050
191
73,909
5,141
93.50%
282,400
65,620
323,218
(40,818)
114.45%
3,552,711
545,939
3,833,423
(280,712)
107.90%
23,247,138 2,248,725 22,892,852 354,286 98.48%
2,009,777 149,064 1,780,123 229,654 88.57%
118,210 2,238 40,014 78,196 33.85%
2,127,987 151,302 1,820,137 307,850 85.53%
25,375,125 2,400,027 24,712,989 662,136 97.39%
Net Income (Loss) Before Capital Contributions
2,113,560 (108,489)
3,660,149
(1,546,589)
173.17%
Capital Contributions
- 349,303
543,073
543,073
0.00%
Net Income (Loss) Before Depreciation
2,113,560 240,814
4,203,222
(1,003,516)
198.87%
Depreciation &Amortization 5,332,175 478,735 5,562,388 (230,213) 104.32%
Total Net Income (Loss) ($3,218,615) ($237,921) ($1,359,166) ($1,859,449) 42.23%
Yorba Linda Water District
$1,548,682
Sewer Fund
(11,184)
For Twelve Months Ending June 30, 2013
Locke Ranch Assessments
198,433
June YTD
YTD YTD
149
Budget Actual Actual
Under(Over) % of
57,808
FY 2013 FY 2013 FY 2013
Budget Budget
Revenue (Operating)
Sewer Charge Revenue
$1,548,682
$130,253 $1,559,866
(11,184)
100.72%
Locke Ranch Assessments
198,433
40
198,284
149
99.92%
Other Operating Revenue
57,808
715
58,076
(268)
100.46%
Total Operating Revenue:
1,804,923
131,008
1,816,226
(11,303)
100.63%
Revenue (Non- Operating):
Interest
20,000
1,002
15,713
4,287
78.57%
Other Non - Operating Revenue
4,175
(5,148)
(4,984)
9,159
- 119.38%
Total Non - Operating Revenue:
24,175
(4,146)
10,729
13,446
44.38%
Total Revenue
1,829,098
126,862
1,826,955
2,143
99.88%
Expenses (Operating):
Salary Related Expenses
907,488
57,641
787,779
119,709
87.47%
Supplies & Services:
Communications
23,018
998
12,578
10,440
54.64%
Contractual Services
34,280
3,383
33,400
880
97.43%
Data Processing
9,474
504
9,177
297
96.87%
Dues & Memberships
4,583
56
4,140
443
90.33%
Fees & Permits
12,155
329
15,303
(3,148)
125.90%
Board Election
3,612
-
3,612
0.00%
Insurance
19,544
18,702
842
95.69%
Materials
34,519
723
18,063
16,456
52.33%
District Activities, Emp Recognition
1,302
82
1,367
(65)
104.99%
Maintenance
74,665
3,609
103,272
(28,607)
138.31%
Non - Capital Equipment
18,269
3,159
18,415
(147)
100.80%
Office Expense
2,823
283
2,903
(80)
102.83%
Professional Services
36,882
3,296
30,274
6,608
82.08%
Training
4,747
59
5,365
(618)
113.02%
Travel & Conferences
3,418
224
1,577
1,841
46.14%
Uncollectible Accounts
2,730
2,038
4,293
(1,563)
157.25%
Utilities
5,950
14
6,317
(367)
106.17%
Vehicle Equipment
51,499
2,720
48,404
3,095
93.99%
Supplies & Services Sub -Total
343,469
21,477
333,550
9,919
97.11%
Total Operating Expenses
1,250,957
79,118
1,121,329
129,628
89.64%
Expenses (Non- Operating):
Interest Expense
1,618
-
-
1,618
0.00%
Other Expense
6,000
-
6,000
0.00%
Total Non - Operating Expenses:
7,618
-
-
7,618
0.00%
Total Expenses
1,258,575
79,118
1,121,329
137,246
89.10%
Net Income (Loss) Before Capital Contributions
570,523
47,744
705,626
(135,103)
123.68%
Capital Contributions
-
258,804
415,853
415,853
0.00%
Net Income (Loss) Before Depreciation
570,523
306,548
1,121,479
280,750
196.57%
Depreciation & Amortization
1,270,164
109,760
1,300,698
(30,534)
102.40%
Total Net Income (Loss)
($699,641)
$196,788
($179,219)
($520,422)
25.62%