Page 430 - FY 2022-23 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 insurance plan. 0

WATER REVENUE FUND

RECEIPTS
Estimated Estimated
Receipts Receipts Receipts
2020-21 2021-22 2022-23

$ 644,500,000 $ 845,800,000 Balance available, July 1........................................................................................... $ 660,700,000
Less:
-- -- Payments to City of Los Angeles (Held in Reserve)............................................. --
$ 644,500,000 $ 845,800,000 Adjusted Balance...................................................................................................... $ 660,700,000
1,493,000,000 1,482,726,000 Sale of Water (1)....................................................................................................... 1,565,762,000
366,783,000 401,234,000 From Power Revenue Fund for services and materials............................................ 489,373,000
475,800,000 300,000,000 Proceeds from sale of bonds for construction
expenditures made by Water Revenue Fund....................................................... 417,559,000
-- -- Proceeds from Securitization (2)............................................................................... --
85,300,000 30,514,000 Proceeds from State of California Loan.................................................................... 10,782,000
-- 95,034,000 Proceeds from Prop 1 State Grant............................................................................ 119,225,000
56,000,000 32,383,000 Contributions in aid of construction........................................................................... 32,382,000
34,805,453 36,962,000 Customers' deposits.................................................................................................. 37,812,631
4,074,000 6,173,000 From individuals, companies and governmental
agencies for services and materials...................................................................... 6,244,000
19,600,000 15,207,000 Miscellaneous............................................................................................................ 16,891,000
$ 3,179,862,453 $ 3,246,033,000 Total Water Revenue Fund..................................................................................... $ 3,356,730,631
APPROPRIATIONS

Estimated Estimated
Expenditures Expenditures Appropriation
2020-21 2021-22 2022-23
$ 493,584,000 $ 511,359,000 Salaries and wages................................................................................................... $ 553,127,000
172,955,000 184,332,000 Materials, supplies and equipment............................................................................ 227,980,000
296,300,000 313,850,000 Water purchased for resale....................................................................................... 275,302,000
226,841,000 276,559,000 Contracts - Construction work................................................................................... 278,273,000
14,237,000 9,754,000 Contracts - Operation and maintenance work.......................................................... 12,039,000
41,598,000 43,065,000 Rentals and leases.................................................................................................... 44,774,000
79,539,000 91,588,000 Outside services and regulatory fees........................................................................ 174,628,000
1,574,000 12,633,000 Purchase of land and buildings................................................................................. 1,475,000
18,155,000 17,190,000 Property taxes........................................................................................................... 20,001,000
28,088,000 28,290,000 Utility services for electricity and heat....................................................................... 27,414,000
13,642,000 13,985,000 Injuries and damages................................................................................................ 16,335,000
-- 15,000 Postal services.......................................................................................................... 26,000
53,758,000 62,881,000 Professional services................................................................................................ 85,130,000

402