ARR FY23 Forecast Presentation — original pdf

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Forecast Presentation April 13, 2022 April 14, 2021 Presentation Topics • Budget Process • Department Overview - Key Performance Metrics • FY23 Department Forecast • Residential Rates Forecast • CIP Highlights Budget Process • January 2022 • March 2022 • May 2022 • July 2022 • August 2022 ARR Budget Kickoff Financial Forecast Submitted Proposed Budget(PB) Due PB Presented to Council Budget Readings Department Overview Key Performance Measure FY19 Actuals FY20 Actuals FY21 Actuals FY22 Amended FY22 Estimated Lost Time Injury Rate Per the Equivalent of 100 Employees Percent of Combined Residential Collection Services Collected On-Time Average Customer Satisfaction With the Quality of all Curbside and HHW Services Estimated Percent of Curbside Collected Materials Diverted from Landfills by ARR Percent of URO-Affected Properties Reporting Access to Recycling for Employees and Tenants 2.03 6.32 0.42 0.00 99.89 99.87 99.83 99.89 75 No Data No Data 85 37.47 40.38 41.96 41.07 85 79 80 85 Financial Forecast FY 2022 Budget $112.3 M Cost Drivers $2.5 M New Invest. $1.6 M FY 2023 Budget $116.4 M 5-Year Forecast 122.2 124 128.8 130.6 112.3 116.4 33.75 33.90 35.40 35.40 36.50 36.50 increase; 14.30 14.20 Budget ($ millions) 15.90 14.00 CIP ($ millions) 15.10 13.50 Typical Rate Payer ∗ Typical Rate Payer data reflects monthly residential rate in dollars Forecast Highlights  51 new positions to account for customer growth;  $1.35 Base Fee increase;  $0.15 Clean Community Fee  $0.02/gallon increase for the smaller trash carts; $0.04/gallon increase for 96-gallon trash carts. Rate Development Goal – for rates/fees to cover total Cost of Service Components of Calculation: Revenue Offsets Customers Direct and Indirect Expenses Cost of Service Components Direct Expenses Indirect Expenses  Cost of equipment, fuel, vehicle maintenance and supplies  Employee costs – Salaries, benefits, taxes, insurance  Internal Indirect  Administrative and Support Staff (Safety, HR, Finance, QA, Executive Management, Strategic Initiatives, Customer Service, Cart Maintenance, etc.)  External Indirect  Corporate Purchasing, Budget, City Manager’s Office, Technology, etc. 5-Year Financial Forecast FY22 FY23 FY24 FY25 FY26 FY27 ESTIMATED FORECAST FORECAST FORECAST FORECAST FORECAST BEGINNING FUND BALANCE $ 12.7 $ 14.2 $ 14.2 $ 14.2 $ 14.2 $ 14.2 REVENUE & TRANSFERS IN $ 113.8 $ 116.4 $ 122.2 $ 124.0 $ 128.8 $ 130.6 EXPENSES & TRANSFERS OUT $ 112.3 $ 116.4 $ 122.2 $ 124.0 $ 128.8 $ 130.6 CHANGE IN FUND BALANCE $ 1.5 $ 0.0 $ 0.0 $ 0.0 $ 0.0 $ 0.0 ENDING FUND BALANCE $ 14.2 $ 14.2 $ 14.2 $ 14.2 $ 14.2 $ 14.2 FTEs 514 521 538 548 556 565 Residential Rates CLEAN COMMUNITY FEE 2027 ARR Residential $ 4.70 $ 4.85 $ 4.85 $ 4.85 $ 4.85 $ 4.85 2023 2026 2024 2025 2022 AMENDED FORECAST FORECAST FORECAST FORECAST FORECAST $ 18.80 $ 18.80 $ 19.65 $ 19.65 $ 20.15 $ 20.15 BASE FEE CART FEES 24-gallon Res $ 3.85 $ 3.85 $ 4.10 $ 4.10 $ 4.30 $ 4.30 32-gallon Res $ 5.10 $ 5.10 $ 5.45 $ 5.45 $ 5.75 $ 5.75 64-gallon Res $ 10.25 $ 10.25 $ 10.90 $ 10.90 $ 11.50 $ 11.50 96-gallon Res $ 30.70 $ 30.70 $ 32.65 $ 32.65 $ 34.55 $ 34.55 TYPICAL RESIDENTIAL RATEPAYER CCF+ Base fees + 64-gallon Res $ 33.75 $ 33.90 $ 35.40 $ 35.40 $ 36.50 $ 36.50 CIP Forecast Highlights FY 2023 Appropriation – $14.2 million FY 2023 Spending Plan – $15.7 million Projects by Category Vehicles and equipment Landfill Improvements Buildings and Improvements FY23 Spending Plan $15.7 million $0.0 million $0.0 million Questions