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<br /> <br /> 3-1 <br />Use of contents on this sheet is subject to the limitations specified at the end of this document. <br />Section 3 <br />Financial Plan and Revenue <br />Requirements <br />Revenue from rates must be enough to meet the following financial planning criteria: <br />1. Provide funds for operating, capital and debt service expenditures; <br />2. Maintain annual fund balances that meet annual target fund balances; <br />3. Meet debt service coverage requirements; <br />4. Satisfy Financial Management Plan goals; and <br />5. Meet legal requirements. <br />3.1 Operation and Maintenance Expenditures <br />O&M expenditures include the cost of employee services, professional and other services, supplies, <br />interdepartmental charges.4 O&M expenditures also include the costs of providing technical services <br />such as water quality testing services and other administrative costs of the wastewater system. These <br />costs are a normal obligation of the system and are met from operating revenues as they are incurred. <br />They enable the City to provide wastewater collection, treatment and disposal services that meets all <br />current State and Federal quality mandates and satisfy wastewater discharge needs of residential, <br />commercial, institutional, and industrial customers. <br />Detailed O&M expenditures for FY19 are listed in detail in Table C-1 in Appendix C. Projected O&M, debt <br />service, capital project and transfer expenditures for FY19 – FY24 are summarized in Table C-2 in <br />Appendix C. <br /> <br />4 FY19 values are from the City of San Leandro City Council’s Adopted Budget Fiscal Years 2018 and 2019. Values for FY20 – <br />FY24 are based on projections from FY19. <br />101