Page 426 - FY 2021-22 Proposed Budget

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
2019-20 2020-21 2021-22

$ 675,400,000 $ 644,500,000 Balance available, July 1.......................................................................... $ 509,200,000
Less:
-- -- Payments to City of Los Angeles (Held in Reserve)........................... --
$ 675,400,000 $ 644,500,000 Adjusted Balance...................................................................................... $ 509,200,000
1,316,500,000 1,471,161,000 Sale of Water (1)....................................................................................... 1,455,220,000
350,556,800 413,071,000 From Power Revenue Fund for services and materials.......................... 431,762,500
200,000,000 313,844,000 Proceeds from sale of bonds for construction
expenditures made by Water Revenue Fund...................................... 509,999,000
-- -- Proceeds from Securitization (2).............................................................. --
-- Proceeds from Revolving Line of Credit.................................................. --
114,400,000 79,037,000 Proceeds from State of California Loan................................................... 44,245,000
47,200,000 32,382,000 Contributions in aid of construction.......................................................... 32,382,000
38,809,797 34,939,000 Customers' deposits................................................................................. 35,742,870
5,311,700 6,141,000 From individuals, companies and governmental
agencies for services and materials.................................................... 6,140,900
62,600,000 18,140,000 Miscellaneous........................................................................................... 14,413,000

$ 2,810,778,297 $ 3,013,215,000 Total Water Revenue Fund.................................................................... $ 3,039,105,270

APPROPRIATIONS

Estimated Estimated
Expenditures Expenditures Appropriation
2019-20 2020-21 2021-22
$ 473,808,900 $ 497,673,000 Salaries and wages................................................................................... $ 535,853,100

145,587,400 175,606,000 Materials, supplies and equipment........................................................... 176,623,700
160,200,000 239,153,000 Water purchased for resale...................................................................... 249,765,000

175,449,700 190,118,000 Contracts - Construction work.................................................................. 278,099,300
24,711,700 11,222,000 Contracts - Operation and maintenance work........................................ 11,585,700
38,870,300 35,977,000 Rentals and leases................................................................................... 36,794,800
-- -- Payments to other utilities for proportionate share of
construction, operation and maintenance of
jointly-owned facilities........................................................................... --

62,548,100 95,970,000 Outside services and regulatory fees....................................................... 92,956,300
30,643,400 3,390,000 Purchase of land and buildings................................................................ 1,008,200

17,111,600 18,001,000 Property taxes........................................................................................... 19,101,300
24,928,200 26,377,000 Utility services for electricity and heat...................................................... 28,365,700
16,680,200 19,453,000 Injuries and damages................................................................................ 16,025,200
-- 44,000 Postal services.......................................................................................... 44,100
34,991,900 55,391,000 Professional services................................................................................ 56,645,500

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