Page 429 - 2020-21 Budget Summary

DEPARTMENT OF WATER AND POWER

This Department, under the City Charter, is responsible for supplying the City and its inhabitants with water and electric energy by
constructing, operating, and maintaining for that purpose works extending throughout the City and to Inyo and Mono Counties to
import water and electric energy and to other western states to import electric energy; fixes rates for water and electric service
subject to approval of the Council by ordinance; controls its own funds; and maintains a retirement, disability, and death benefit
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insurance plan.

WATER REVENUE FUND

RECEIPTS
Estimated Estimated
Receipts Receipts Receipts
2018-19 2019-20 2020-21

$ 446,600,000 $ 675,400,000 Balance available, July 1.......................................................................... $ 606,300,000
Less:
-- -- Payments to City of Los Angeles (Held in Reserve)........................... --
$ 446,600,000 $ 675,400,000 Adjusted Balance...................................................................................... $ 606,300,000
1,319,600,000 1,378,443,000 Sale of Water (1)....................................................................................... 1,574,749,000
353,124,000 373,292,000 From Power Revenue Fund for services and materials.......................... 410,483,600
348,900,000 200,000,000 Proceeds from sale of bonds for construction
expenditures made by Water Revenue Fund...................................... 265,603,000
-- -- Proceeds from Securitization (2).............................................................. --
-- -- Proceeds from Revolving Line of Credit.................................................. --
115,300,000 188,044,000 Proceeds from State of California Loan................................................... 123,335,000
25,800,000 32,400,000 Contributions in aid of construction.......................................................... 32,382,000
43,889,761 41,716,000 Customers' deposits................................................................................. 42,675,885
6,350,600 5,776,000 From individuals, companies and governmental
agencies for services and materials.................................................... 6,140,900
40,700,000 26,490,000 Miscellaneous........................................................................................... 20,905,000

$ 2,700,264,361 $ 2,921,561,000 Total Water Revenue Fund.................................................................... $ 3,082,574,385
APPROPRIATIONS

Estimated Estimated
Expenditures Expenditures Appropriation
2018-19 2019-20 2020-21
$ 434,500,800 $ 487,238,000 Salaries and wages................................................................................... $ 514,005,500

166,609,400 156,794,000 Materials, supplies and equipment........................................................... 205,037,200
155,600,000 177,955,000 Water purchased for resale...................................................................... 241,395,000
112,942,700 147,711,000 Contracts - Construction work.................................................................. 257,573,400

16,784,700 11,846,000 Contracts - Operation and maintenance work........................................ 16,236,400

40,635,300 36,217,000 Rentals and leases................................................................................... 36,936,200
-- -- Payments to other utilities for proportionate share of --

construction, operation and maintenance of
jointly-owned facilities...........................................................................
97,506,800 72,280,000 Outside services and regulatory fees....................................................... 115,335,800

(2,765,000) 4,625,000 Purchase of land and buildings................................................................ 3,419,900

16,147,000 17,001,000 Property taxes........................................................................................... 18,001,300
23,962,200 27,816,000 Utility services for electricity and heat...................................................... 29,486,600

15,917,900 18,921,000 Injuries and damages................................................................................ 19,666,700
400 44,000 Postal services.......................................................................................... 44,400

44,973,500 49,800,000 Professional services................................................................................ 70,825,000

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