Finance & Risk
Management
Committee
Meeting
April 7, 2022
Welcome
Roll Call
Public Comment for items Not
on the Agenda
Items to be Added, Withdrawn
or Reordered on the Agenda
REGULAR AGENDA
1.Report on Treasurer’s Report
for Period Ending 2/28/22
Committee Member
Announcements
Adjournment
Regular
Meeting
Agenda
3 Item 1
Treasurer’s Report for Period Ended 2/28/22
Recommendation:
Receive and File Treasurer’s Report for
Period Ending 2/28/22
4 Results for the period were in line compared to
the amended budget:
• Net operating revenues were 1.1% under the
budgeted amount
• Operating expenses came in 0.8% under the
budgeted amount
Financial results for the YTD FY22:
• $228.33M in net operating revenues
• $222.15M in total expenses (includes
energy costs of $217.66M or 95% of
net revenues)
• $6.18M change in net position
Item 1: Treasurer’s Report
$-
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
Net Operating Revenues Total Expenses Change in Net Position YTD FY22 Results v. Budget
YTD FY22 as of 2/28/22 (8 mos) FY22 YTD Budget
Budget Comparison
YTD FY22 as of
2/28/22 (8 mos)
FY22 YTD
Budget
Budget
Variance ($) Budget (%)
Net Operating Revenues $ 228,330,099 $ 230,800,904 $ (2,470,805) 99 Total Expenses $ 222,154,462 $ 223,850,573 $ (1,696,111) 99 Change in Net Position $ 6,175,637 $ 6,950,331 $ (774,694) YTD FY22 Budget v. Actual
5 Item 1: Treasurer’s Report
Year-to-date financial results compared to
projections:
• Net operating revenues were 0.9%
under the proforma projections
• Total expenses were in line with the
proforma projections
• Change in net position was $1.82M
under the projected
Proforma Comparison
YTD FY22 as of
2/28/22 (8 mos)
FY22 YTD
ProForma
ProForma
Variance ($) Proforma (%)
Net Operating Revenues $ 228,330,099 $ 230,322,724 $ (1,992,625) -0.87% Total Expenses $ 222,154,462 $ 222,322,132 $ (167,670) -0.08% Change in Net Position $ 6,175,637 $ 8,000,592 $ (1,824,955) -22.81% $-
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
Net Operating Revenues Total Expenses Change in Net Position YTD FY22 Results v. Proforma
YTD FY22 as of 2/28/22 (8 mos) FY22 YTD ProForma
YTD FY22 Proforma v. Actual
6 Item 1
Treasurer’s Report for Period Ended 2/28/22
Recommendation:
Receive and File Treasurer’s Report for
Period Ending 2/28/22
Finance &
Risk
Management
Committee
Meeting
Next Regular Meeting
May 5, 2022