HomeMy WebLinkAboutColleyville Charter Review Committee-Agenda Packets-10/02/2017 City of Colleyville Page 1
Water and Wastewater
Rate Advisory Committee
AGENDA
City Hall
100 Main Street
Colleyville, Texas 76034
817.503.1000
www.colleyville.com
Monday, October 2, 2017
6:00 p.m.
Executive Conference Room
Third Floor – City Hall
1. CALL TO ORDER
2. APPROVAL OF MINUTES
August 22, 2017
3. REGULAR AGENDA ITEMS
3a Update on Utility Fund and Utility Capital Projects Fund available
resources
3b Discussion of future CIP base rate options
4. ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Thursday,
September 28, 2017 by 5:00 p.m.
Christine Loven, TRMC
Assistant City Secretary
A quorum of the City Council or any Colleyville Board, Commission, or Committee
may be in attendance at this meeting.
Any matter on this agenda may, at the discretion of the governing body, be
opened for public comment and discussion.
If you plan to attend this public meeting and have a disability that requires special
accommodations, please advise the City Secretary at least 48 hours in advance at
817.503.1130, and reasonable accommodations will be made to assist you.
City of Colleyville Page 1
Water and Wastewater
Rate Advisory Committee
MINUTES - DRAFT
City Hall
100 Main Street
Colleyville, Texas 76034
817.503.1000
www.colleyville.com
August 22, 2017
6:00 p.m.
Executive Conference Room
Third Floor – City Hall
Chair Susan Mathisen called the Water and Wastewater Rate Advisory Committee
meeting to order on August 22, 2017, at 6:00 p.m.
ROLL CALL: Chair Susan Mathisen, Vice Chair Gerald Gibson, and Committee
members Raymond Allee, Thomas Bauch, Claudia Bevill, James Dove, Jeff Gilstrap,
Anthony Seris, Tim Raine, and Samuel van Bever were present.
City Manager Jerry Ducay, Strategic Services Manager Adrienne Lothery, Public
Works Director Jeremy Hutt, and Chief Financial Officer Shereen Gendy were also
present, as were Mayor Pro Tem Bobby Lindamood and Councilmember George
Dodson.
2. REGULAR AGENDA ITEMS
2a Introductions, overview of Committee charge, and discussion of water
and wastewater rates
Chair Mathisen welcomed the Committee and all Committee members, staff, and
Councilmembers present were introduced.
Manager Lothery presented the presentation included with the agenda packet
reviewing Committee accomplishments to-date and providing an overview of the
Committee’s new charge. The Fiscal Year (FY) 2018 Utility Fund budget and
associated water and wastewater base rates were also presented, as well as the
anticipated volumetric charges based on preliminary information from the Trinity
River Authority (TRA). The FY 2018-2022 Capital Improvement Plan utility
projects were also presented.
As a part of this presentation, Manager Lothery explained that based on the FY
2018 proposed Utility Fund expenditures, water and wastewater base rates could
be lowered in FY 2018. Staff’s recommendation is to take the incremental
difference from lowering the base rate and use it to establish a capital projects
base rate, which would maintain the current base rate in total. Establishing a
capital projects base rate would provide the ability to begin saving cash for future
utility capital projects, once current available cash is spent, ultimately avoiding or
limiting the future need for debt.
Chair Mathisen explained that the main priority to accomplish at this Committee
meeting was to determine whether the Committee supports this recommendation,
City of Colleyville Page 2
Water and Wastewater Rate
Advisory Committee Minutes August 22, 2017
in order to advise the City Council as they consider FY 2018 base rates at the
September 5 and 19, 2017 City Council meetings.
The Committee discussed the recommendation and asked several questions.
Director Hutt provided a recap of the 2014 Water and Wastewater Master Plan and
time horizon of projects identified in that plan. Manager Lothery explained that
the typical annual operating surplus in the Utility Fund of about $700,000-
$800,000 is largely due to the way TRA invoices the City for volumetric charges,
invoicing 1.2 times the actual published volumetric rate in order to provide for
TRA’s cash flow needs. At the end of the year, TRA does a “true up” and either
sends a refund or an invoice for additional costs, based on Colleyville’s contractual
obligations for the City’s fair share of TRA’s costs.
Manager Lothery explained that if a capital projects base rate were established
using the incremental difference from lowering the water and wastewater base
rates, it would generate an estimated $170,000 annually for future utility capital
projects. The Committee discussed the reasons why building up this funding now
would be a good idea, as well as why not. City Manager Ducay explained that
building up cash now avoids or limits the amount of debt needed for utility capital
projects beyond the current 5-Year Capital Improvement Plan, which is fully
funded.
The Committee agreed that lowering the water and wastewater base rates for FY
2018, to only collect the revenue needed for operations, was preferred. There was
also consensus on using the incremental reduction amount ($1.57 for the typical
residential customer) to create an initial capital projects base rate, which will
maintain current base rates (2017) in total. Further, the Committee supported
proposed changes to the utility bill format that clarify what each individual charge
is for, and listing the capital projects base rate as a new separate charge. Chair
Mathisen commented that reflecting the users’ share of utility operating costs in
the base rate and distinguishing that from those of utility capital improvements is
consistent with committee’s desire to maintain equity and transparency in
Colleyville’s Utility Billing practices.
Vice Chair Gibson made a motion to recommend that the City Council lower the
water and wastewater base rates for FY 2018 and add a capital projects base rate
in the amount of the reduction. Tom Bauch seconded the motion.
The motion carried by the following vote:
Aye: 10 – Chair Susan Mathisen, Vice Chair Gerald Gibson, and Committee
members Raymond Allee, Thomas Bauch, Claudia Bevill, James
Dove, Jeff Gilstrap, Anthony Seris, Tim Raine, and Samuel van Bever
City of Colleyville Page 3
Water and Wastewater Rate
Advisory Committee Minutes August 22, 2017
2b Discussion of future Committee meeting dates
Chair Mathisen provided information on planned dates for future Committee
meetings- October 2, 2017, October 16, 2017, and potentially October 30, 2017.
The meetings are planned for 6:00 p.m. in the Executive Conference Room at City
Hall.
3. ADJOURNMENT
There being no further business before the Committee, Chair Mathisen adjourned
the meeting at 7:26 p.m.
Minutes taken and prepared by:
Adrienne Lothery
Strategic Services Manager
City of Colleyville Page 1
Water and
Wastewater Rate
Advisory Committee
Agenda Briefing
City Hall
100 Main Street
Colleyville, Texas 76034
www.colleyville.com
Agenda Number 3a Agenda Date 10/02/2017
Type Presentation and Discussion
Department City Manager
Title
Update on Utility Fund and Utility Capital Projects Fund available resources
Explanation
The purpose of this agenda item is to provide an opportunity to review the
available resources in the Utility Fund (operating fund) and the Utility Capital
Projects Fund as of August 31, 2017, as well as year-end projections for 9/30/17.
Staff will present the attached presentation.
Attachments
1.Fiscal Year 2017 (Projected Year-End) Utility Fund Resources
Projected Resources as of
September 30, 2017
Utility Fund (Operating)
Utility Capital Projects Fund
Utility Funds’ Resources 8/31/2017
$
$
$
$
Utility Operating Fund as of 8/31/17
UNRESTRICTED
AVAILABLE
257,436
DEBT
SERVICE
360,654
CUSTOMER
DEPOSITS
456,550100 DAYS REQ
FUND BAL
4,253,847
Utility Operating Fund
AVAILABLE CASH & INVESTMENTS
RESTRICTED CASH -NOT AVAILABLE TO SPEND
Of the $5,328,487 cash and investments in the Utility
Operating Fund:
•$4,253,847 reserve (100 Days)
•$ 360,654 restricted for debt service
•$ 456,550 restricted customer deposits
•$ 257,436 available
$
$$
$$
$
$
$
Utility Operating Fund as of 9/30/17 (Projected)
Of the $5,328,487 $5,461,332*cash and investments
in the Utility Operating Fund:
•$4,253,847 reserve (100 Days)
•$ 360,654 restricted for debt service
•$ 456,550 restricted customer deposits
•$ 257,436 available $390,281 available to
transfer to Utility CIP Fund at year-end
Will be $5,071,051
after year-end transfer
Will be $0 after year-end transfer
$
$$
$
$
$$
$
Unrestricted
-Available
4,984,518
Water
Impact Fees
2,322,845
Wastewater
Impact Fees
778,888
Vehicle/Equip.
Replacement
114,853
Approved
Projects
1,487,898
Escrows
88,730
Other -Srvc
Cntr
127,415
Utility CIP Fund
RESTRICTED CASH -NOT AVAILABLE
Utility CIP Fund as of 8/31/17
Of the $9,905,147 cash and investments in the
Utility CIP Fund, $8,086,251 is available to
fund utility CIP beyond FY17.
•$4,984,518 Unrestricted Cash & Investment
•$2,322,845 Water Impact Fees
•$ 778,888 Wastewater Impact fees AVAILABLE CASH & INVESTMENTS
$$$
$
$
$
$
$
$
$
$
Utility CIP Fund as of 9/30/17 (Projected)
Of the $9,905,147 $10,380,428 cash and investments in the
Utility CIP Fund, $8,086,251 $8,561,532 is available to fund
utility CIP beyond FY17.
•$4,984,518 $5,374,799 Unrestricted Cash & Investment
•$2,322,845 $2,387,845 Water Impact Fees
•$ 778,888 $ 798,888 Wastewater Impact fees
+$390,281 transferred from operating fund at year-end
$
$
$$
$
$
$
$
$
$
$
Utility Funds’ Resources 9/30/2017 (Projected)
Of the $10,380,428* the Utility Capital Projects Fund
cash and investments, $8,561,532 is available to fund
utility CIP projects beyond FY17.
•$5,374,799 Unrestricted Cash & Investment
•$2,387,845 Water Impact Fees
•$ 798,888 Wastewater Impact fees
*Not taking into consideration capital expenditures during September
Of the $5,071,051 Utility Fund cash and investments:
•$4,253,847 reserve (100 Days)
•$ 360,654 restricted for debt service
•$ 456,550 restricted customer deposits
$
$
$
$
City of Colleyville Page 1
Water and
Wastewater Rate
Advisory Committee
Agenda Briefing
City Hall
100 Main Street
Colleyville, Texas 76034
www.colleyville.com
Agenda Number Agenda Date 10/02/2017
Type Presentation and Discussion
Department City Manager
Title
Discussion of future CIP base rate options
Explanation
While the current 5-Year CIP is fully funded, the Committee has expressed a
desire to begin planning funding options for utility capital projects beyond the next
five years. Staff has prepared several options for future CIP base rates for the
Committee to consider (attached) and will review these with the Committee.
The options prepared are intended to be starting points for discussion that reflect
different philosophical approaches and can be adjusted based on Committee
preference and feedback. The numbers are based on spending an estimated $2
Million for utility capital projects annually, and a 1.25% inflation rate for costs.
Options 1-4 reflect implementing the same dollar increase for all water meter sizes
in a given year, whereas options 1a-4a reflect maintaining the percent difference
in rate between meter sizes that currently exists for Fiscal Year 2018 rates.
Attachments
1.Future CIP base rate Options 1-4
2.Future CIP base rate Options 1a-4a
Description:Ramp up closer to needing cash
Notes:- Gradual annual rate increases that get larger as we begin needing cash
- The annual accumulated surplus does not provide funding for contingencies
- FY30+ individual years are not self-funded
Inflation Factor 1.25%
Proposed Rate Increase Approved 0.50$ 1.00$ 1.50$ 2.00$ 2.50$ 3.00$ 3.50$ 4.00$ -$ -$ -$ -$ -$ -$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
1" or less 8951 1.57$ 2.07$ 3.07$ 4.57$ 6.57$ 9.07$ 12.07$ 15.57$ 19.57$ 19.57$ 19.57$ 19.57$ 19.57$ 19.57$ 19.57$
1.5"128 1.81$ 2.31$ 3.31$ 4.81$ 6.81$ 9.31$ 12.31$ 15.81$ 19.81$ 19.81$ 19.81$ 19.81$ 19.81$ 19.81$ 19.81$
2"189 2.10$ 2.60$ 3.60$ 5.10$ 7.10$ 9.60$ 12.60$ 16.10$ 20.10$ 20.10$ 20.10$ 20.10$ 20.10$ 20.10$ 20.10$
3"11 2.79$ 3.29$ 4.29$ 5.79$ 7.79$ 10.29$ 13.29$ 16.79$ 20.79$ 20.79$ 20.79$ 20.79$ 20.79$ 20.79$ 20.79$
4"1 3.77$ 4.27$ 5.27$ 6.77$ 8.77$ 11.27$ 14.27$ 17.77$ 21.77$ 21.77$ 21.77$ 21.77$ 21.77$ 21.77$ 21.77$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
REQUIRED CIP FUNDING FUNDED FUNDED FUNDED FUNDED FUNDED 2,000,000 2,025,000 2,050,313 2,075,941 2,101,891 2,128,164 2,154,766 2,181,701 2,208,972 2,236,584
1" or less 8951 168,637$ 222,343$ 329,755$ 490,873$ 705,697$ 974,227$ 1,296,463$ 1,672,405$ 2,102,053$ 2,102,053$ 2,102,053$ 2,102,053$ 2,102,053$ 2,102,053$ 2,102,053$
1.5"128 2,780$ 3,548$ 5,084$ 7,388$ 10,460$ 14,300$ 18,908$ 24,284$ 30,428$ 30,428$ 30,428$ 30,428$ 30,428$ 30,428$ 30,428$
2"189 4,763$ 5,897$ 8,165$ 11,567$ 16,103$ 21,773$ 28,577$ 36,515$ 45,587$ 45,587$ 45,587$ 45,587$ 45,587$ 45,587$ 45,587$
3"11 368$ 434$ 566$ 764$ 1,028$ 1,358$ 1,754$ 2,216$ 2,744$ 2,744$ 2,744$ 2,744$ 2,744$ 2,744$ 2,744$
4"1 45$ 51$ 63$ 81$ 105$ 135$ 171$ 213$ 261$ 261$ 261$ 261$ 261$ 261$ 261$
ANNUAL REVENUES 176,593$ 232,273$ 343,633$ 510,673$ 733,393$ 1,011,793$ 1,345,873$ 1,735,633$ 2,181,073$ 2,181,073$ 2,181,073$ 2,181,073$ 2,181,073$ 2,181,073$ 2,181,073$
YEAR REV OVER (UNDER) EXP $176,593 $232,273 $343,633 $510,673 $733,393 ($988,207)($679,127)($314,679)$105,132 $79,183 $52,909 $26,307 ($628)($27,899)($55,511)
$176,593 $408,867 $752,500 $1,263,173 $1,996,567 $1,008,360 $329,233 $14,554 $119,686 $198,869 $251,778 $278,085 $277,457 $249,558 $194,047
CIP Rate - CIP FUNDING OPTION 1
Meter size (Excludes the city's accounts)
METER
SIZES
NUMBER OF
METERS
PROPOSED MONTHLY RATES
CIP Revenues
METER
SIZES
NUMBER OF
METERS
PROJECTED CIP RATE REVENUES
ACCUMULATED SURPLUS
(DEFICIT)
$1.57 $2.07 $3.07
$4.57
$6.57
$9.07
$12.07
$15.57
$19.57 $19.57 $19.57 $19.57 $19.57 $19.57 $19.57
$-
$5.00
$10.00
$15.00
$20.00
$25.00
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
Description:Steady Increases
Notes:- Steady equal rate increases FY19 - FY29
- Starting FY29, enough revenue is generated annually for each fiscal year to be self-funded
- The annual accumulated surplus is not sufficient to fund the following year's CIP budget
Inflation Factor 1.25%
Proposed Rate Increase Approved 1.75$ 1.75$ 1.75$ 1.75$ 1.75$ 1.75$ 1.75$ 1.75$ 1.75$ 1.75$ 1.75$ -$ -$ -$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
1" or less 8951 1.57$ 3.32$ 5.07$ 6.82$ 8.57$ 10.32$ 12.07$ 13.82$ 15.57$ 17.32$ 19.07$ 20.82$ 20.82$ 20.82$ 20.82$
1.5"128 1.81$ 3.56$ 5.31$ 7.06$ 8.81$ 10.56$ 12.31$ 14.06$ 15.81$ 17.56$ 19.31$ 21.06$ 21.06$ 21.06$ 21.06$
2"189 2.10$ 3.85$ 5.60$ 7.35$ 9.10$ 10.85$ 12.60$ 14.35$ 16.10$ 17.85$ 19.60$ 21.35$ 21.35$ 21.35$ 21.35$
3"11 2.79$ 4.54$ 6.29$ 8.04$ 9.79$ 11.54$ 13.29$ 15.04$ 16.79$ 18.54$ 20.29$ 22.04$ 22.04$ 22.04$ 22.04$
4"1 3.77$ 5.52$ 7.27$ 9.02$ 10.77$ 12.52$ 14.27$ 16.02$ 17.77$ 19.52$ 21.27$ 23.02$ 23.02$ 23.02$ 23.02$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
REQUIRED CIP FUNDING FUNDED FUNDED FUNDED FUNDED FUNDED 2,000,000 2,025,000 2,050,313 2,075,941 2,101,891 2,128,164 2,154,766 2,181,701 2,208,972 2,236,584
1" or less 8951 168,637$ 356,608$ 544,579$ 732,550$ 920,521$ 1,108,492$ 1,296,463$ 1,484,434$ 1,672,405$ 1,860,376$ 2,048,347$ 2,236,318$ 2,236,318$ 2,236,318$ 2,236,318$
1.5"128 2,780$ 5,468$ 8,156$ 10,844$ 13,532$ 16,220$ 18,908$ 21,596$ 24,284$ 26,972$ 29,660$ 32,348$ 32,348$ 32,348$ 32,348$
2"189 4,763$ 8,732$ 12,701$ 16,670$ 20,639$ 24,608$ 28,577$ 32,546$ 36,515$ 40,484$ 44,453$ 48,422$ 48,422$ 48,422$ 48,422$
3"11 368$ 599$ 830$ 1,061$ 1,292$ 1,523$ 1,754$ 1,985$ 2,216$ 2,447$ 2,678$ 2,909$ 2,909$ 2,909$ 2,909$
4"1 45$ 66$ 87$ 108$ 129$ 150$ 171$ 192$ 213$ 234$ 255$ 276$ 276$ 276$ 276$
ANNUAL REVENUES 176,593$ 371,473$ 566,353$ 761,233$ 956,113$ 1,150,993$ 1,345,873$ 1,540,753$ 1,735,633$ 1,930,513$ 2,125,393$ 2,320,273$ 2,320,273$ 2,320,273$ 2,320,273$
YEAR REV OVER (UNDER) EXP $176,593 $371,473 $566,353 $761,233 $956,113 ($849,007)($679,127)($509,559)($340,308)($171,377)($2,771)$165,507 $138,572 $111,301 $83,689
$176,593 $548,067 $1,114,420 $1,875,653 $2,831,767 $1,982,760 $1,303,633 $794,074 $453,766 $282,389 $279,618 $445,125 $583,697 $694,998 $778,687
CIP Rate - CIP FUNDING OPTION 2
Meter size (Excludes the city's accounts)
METER SIZES NUMBER OF
METERS
PROPOSED MONTHLY RATES
CIP Revenues
METER SIZES NUMBER OF
METERS
PROJECTED CIP RATE REVENUES
ACCUMULATED SURPLUS
(DEFICIT)
$1.57
$3.32
$5.07
$6.82
$8.57
$10.32
$12.07
$13.82
$15.57
$17.32
$19.07
$20.82 $20.82 $20.82 $20.82
$-
$5.00
$10.00
$15.00
$20.00
$25.00
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
Description:Alternating Year with Increase, then Year without Increase (Stair-stepped Increases)
Notes:- Starting FY30, enough revenue is generated annually for each fiscal year to be self-funded
- Provides a reprive in years without an increase
- The annual accumulated surplus does not provide funding for contingencies
Inflation Factor 1.25%
Proposed Rate Increase Approved 3.00$ -$ 3.00$ -$ 3.00$ -$ 4.00$ -$ 4.00$ -$ -$ 1.50$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
1" or less 8951 1.57$ 4.57$ 4.57$ 7.57$ 7.57$ 10.57$ 10.57$ 14.57$ 14.57$ 18.57$ 18.57$ 18.57$ 20.07$ 20.07$ 20.07$
1.5"128 1.81$ 4.81$ 4.81$ 7.81$ 7.81$ 10.81$ 10.81$ 14.81$ 14.81$ 18.81$ 18.81$ 18.81$ 20.31$ 20.31$ 20.31$
2"189 2.10$ 5.10$ 5.10$ 8.10$ 8.10$ 11.10$ 11.10$ 15.10$ 15.10$ 19.10$ 19.10$ 19.10$ 20.60$ 20.60$ 20.60$
3"11 2.79$ 5.79$ 5.79$ 8.79$ 8.79$ 11.79$ 11.79$ 15.79$ 15.79$ 19.79$ 19.79$ 19.79$ 21.29$ 21.29$ 21.29$
4"1 3.77$ 6.77$ 6.77$ 9.77$ 9.77$ 12.77$ 12.77$ 16.77$ 16.77$ 20.77$ 20.77$ 20.77$ 22.27$ 22.27$ 22.27$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
REQUIRED CIP FUNDING FUNDED FUNDED FUNDED FUNDED FUNDED 2,000,000 2,025,000 2,050,313 2,075,941 2,101,891 2,128,164 2,154,766 2,181,701 2,208,972 2,236,584
1" or less 8951 168,637$ 490,873$ 490,873$ 813,109$ 813,109$ 1,135,345$ 1,135,345$ 1,564,993$ 1,564,993$ 1,994,641$ 1,994,641$ 1,994,641$ 2,155,759$ 2,155,759$ 2,155,759$
1.5"128 2,780$ 7,388$ 7,388$ 11,996$ 11,996$ 16,604$ 16,604$ 22,748$ 22,748$ 28,892$ 28,892$ 28,892$ 31,196$ 31,196$ 31,196$
2"189 4,763$ 11,567$ 11,567$ 18,371$ 18,371$ 25,175$ 25,175$ 34,247$ 34,247$ 43,319$ 43,319$ 43,319$ 46,721$ 46,721$ 46,721$
3"11 368$ 764$ 764$ 1,160$ 1,160$ 1,556$ 1,556$ 2,084$ 2,084$ 2,612$ 2,612$ 2,612$ 2,810$ 2,810$ 2,810$
4"1 45$ 81$ 81$ 117$ 117$ 153$ 153$ 201$ 201$ 249$ 249$ 249$ 267$ 267$ 267$
ANNUAL REVENUES 176,593$ 510,673$ 510,673$ 844,753$ 844,753$ 1,178,833$ 1,178,833$ 1,624,273$ 1,624,273$ 2,069,713$ 2,069,713$ 2,069,713$ 2,236,753$ 2,236,753$ 2,236,753$
YEAR REV OVER (UNDER) EXP $176,593 $510,673 $510,673 $844,753 $844,753 ($821,167)($846,167)($426,039)($451,668)($32,177)($58,451)($85,053)$55,052 $27,781 $169
$176,593 $687,267 $1,197,940 $2,042,693 $2,887,447 $2,066,280 $1,220,113 $794,074 $342,406 $310,229 $251,778 $166,725 $221,777 $249,558 $249,727
CIP Rate - CIP FUNDING OPTION 3
Meter size (Excludes the city's accounts)
METER SIZES NUMBER OF
METERS
PROPOSED MONTHLY RATES
CIP Revenues
METER SIZES NUMBER OF
METERS
PROJECTED CIP RATE REVENUES
ACCUMULATED SURPLUS
(DEFICIT)
$1.57
$4.57 $4.57
$7.57 $7.57
$10.57 $10.57
$14.57 $14.57
$18.57 $18.57 $18.57
$20.07 $20.07 $20.07
$-
$5.00
$10.00
$15.00
$20.00
$25.00
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
Description:Ramp Up with Room for Contingencies
Notes: - Gradual annual increases that get larger closer to needing the cash
- Starting FY21, the annual accumulated surplus is sufficient to fund the
following year's CIP budget
- Starting FY25, enough revenue is generated annually for each fiscal year to be
self-funded (The deficits in FY31 & FY32 are immaterial)
Inflation Factor 1.25%
Proposed Rate Increase Approved 2.00$ 2.00$ 1.75$ 2.50$ 2.50$ 4.00$ 3.50$ -$ -$ -$ -$ -$ -$ -$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
1" or less 8951 1.57$ 3.57$ 5.57$ 7.32$ 9.82$ 12.32$ 16.32$ 19.82$ 19.82$ 19.82$ 19.82$ 19.82$ 19.82$ 19.82$ 19.82$
1.5"128 1.81$ 3.81$ 5.81$ 7.56$ 10.06$ 12.56$ 16.56$ 20.06$ 20.06$ 20.06$ 20.06$ 20.06$ 20.06$ 20.06$ 20.06$
2"189 2.10$ 4.10$ 6.10$ 7.85$ 10.35$ 12.85$ 16.85$ 20.35$ 20.35$ 20.35$ 20.35$ 20.35$ 20.35$ 20.35$ 20.35$
3"11 2.79$ 4.79$ 6.79$ 8.54$ 11.04$ 13.54$ 17.54$ 21.04$ 21.04$ 21.04$ 21.04$ 21.04$ 21.04$ 21.04$ 21.04$
4"1 3.77$ 5.77$ 7.77$ 9.52$ 12.02$ 14.52$ 18.52$ 22.02$ 22.02$ 22.02$ 22.02$ 22.02$ 22.02$ 22.02$ 22.02$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
REQUIRED CIP FUNDING FUNDED FUNDED FUNDED FUNDED FUNDED 2,000,000 2,025,000 2,050,313 2,075,941 2,101,891 2,128,164 2,154,766 2,181,701 2,208,972 2,236,584
1" or less 8951 168,637$ 383,461$ 598,285$ 786,256$ 1,054,786$ 1,323,316$ 1,752,964$ 2,128,906$ 2,128,906$ 2,128,906$ 2,128,906$ 2,128,906$ 2,128,906$ 2,128,906$ 2,128,906$
1.5"128 2,780$ 5,852$ 8,924$ 11,612$ 15,452$ 19,292$ 25,436$ 30,812$ 30,812$ 30,812$ 30,812$ 30,812$ 30,812$ 30,812$ 30,812$
2"189 4,763$ 9,299$ 13,835$ 17,804$ 23,474$ 29,144$ 38,216$ 46,154$ 46,154$ 46,154$ 46,154$ 46,154$ 46,154$ 46,154$ 46,154$
3"11 368$ 632$ 896$ 1,127$ 1,457$ 1,787$ 2,315$ 2,777$ 2,777$ 2,777$ 2,777$ 2,777$ 2,777$ 2,777$ 2,777$
4"1 45$ 69$ 93$ 114$ 144$ 174$ 222$ 264$ 264$ 264$ 264$ 264$ 264$ 264$ 264$
ANNUAL REVENUES 176,593$ 399,313$ 622,033$ 816,913$ 1,095,313$ 1,373,713$ 1,819,153$ 2,208,913$ 2,208,913$ 2,208,913$ 2,208,913$ 2,208,913$ 2,208,913$ 2,208,913$ 2,208,913$
YEAR REV OVER (UNDER) EXP $176,593 $399,313 $622,033 $816,913 $1,095,313 ($626,287)($205,847)$158,601 $132,972 $107,023 $80,749 $54,147 $27,212 ($59)($27,671)
$176,593 $575,907 $1,197,940 $2,014,853 $3,110,167 $2,483,880 $2,278,033 $2,436,634 $2,569,606 $2,676,629 $2,757,378 $2,811,525 $2,838,737 $2,838,678 $2,811,007
CIP Rate - CIP FUNDING OPTION 4
Meter size (Excludes the city's accounts)
METER SIZES NUMBER OF
METERS
PROPOSED MONTHLY RATES
CIP Revenues
METER SIZES NUMBER OF
METERS
PROJECTED CIP RATE REVENUES
ACCUMULATED SURPLUS
(DEFICIT)
$1.57
$3.57
$5.57
$7.32
$9.82
$12.32
$16.32
$19.82 $19.82 $19.82 $19.82 $19.82 $19.82 $19.82 $19.82
$-
$5.00
$10.00
$15.00
$20.00
$25.00
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
Description:Ramp up closer to needing cash
Notes:- Gradual annual rate increases that gets larger as we begin needing cash
- The annual accumulated surplus does not provide funding for contingencies
- FY31+ individual years are not self-funded (The deficit is immaterial)
Inflation Factor 1.25%
Proposed Rate Increase Approved 0.50$ 1.00$ 1.50$ 2.00$ 2.50$ 3.00$ 3.50$ 4.00$ -$ -$ -$ -$ -$ -$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
1" or less 8951 1.57$ 2.07$ 3.07$ 4.57$ 6.57$ 9.07$ 12.07$ 15.57$ 19.57$ 19.57$ 19.57$ 19.57$ 19.57$ 19.57$ 19.57$
1.5"128 1.81$ 2.39$ 3.54$ 5.27$ 7.57$ 10.46$ 13.92$ 17.95$ 22.56$ 22.56$ 22.56$ 22.56$ 22.56$ 22.56$ 22.56$
2"189 2.10$ 2.77$ 4.11$ 6.11$ 8.79$ 12.13$ 16.14$ 20.83$ 26.18$ 26.18$ 26.18$ 26.18$ 26.18$ 26.18$ 26.18$
3"11 2.79$ 3.68$ 5.46$ 8.12$ 11.68$ 16.12$ 21.45$ 27.67$ 34.78$ 34.78$ 34.78$ 34.78$ 34.78$ 34.78$ 34.78$
4"1 3.77$ 4.97$ 7.37$ 10.97$ 15.78$ 21.78$ 28.98$ 37.39$ 46.99$ 46.99$ 46.99$ 46.99$ 46.99$ 46.99$ 46.99$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
REQUIRED CIP FUNDING FUNDED FUNDED FUNDED FUNDED FUNDED 2,000,000 2,025,000 2,050,313 2,075,941 2,101,891 2,128,164 2,154,766 2,181,701 2,208,972 2,236,584
1" or less 8951 168,637$ 222,343$ 329,755$ 490,873$ 705,697$ 974,227$ 1,296,463$ 1,672,405$ 2,102,053$ 2,102,053$ 2,102,053$ 2,102,053$ 2,102,053$ 2,102,053$ 2,102,053$
1.5"128 2,780$ 3,666$ 5,436$ 8,093$ 11,634$ 16,061$ 21,374$ 27,571$ 34,655$ 34,655$ 34,655$ 34,655$ 34,655$ 34,655$ 34,655$
2"189 4,763$ 6,280$ 9,313$ 13,864$ 19,931$ 27,515$ 36,616$ 47,234$ 59,368$ 59,368$ 59,368$ 59,368$ 59,368$ 59,368$ 59,368$
3"11 368$ 486$ 720$ 1,072$ 1,541$ 2,128$ 2,831$ 3,652$ 4,591$ 4,591$ 4,591$ 4,591$ 4,591$ 4,591$ 4,591$
4"1 45$ 60$ 88$ 132$ 189$ 261$ 348$ 449$ 564$ 564$ 564$ 564$ 564$ 564$ 564$
ANNUAL REVENUES 176,593$ 232,833$ 345,313$ 514,033$ 738,992$ 1,020,192$ 1,357,631$ 1,751,311$ 2,201,230$ 2,201,230$ 2,201,230$ 2,201,230$ 2,201,230$ 2,201,230$ 2,201,230$
YEAR REV OVER (UNDER) EXP $176,593 $232,833 $345,313 $514,033 $738,992 ($979,808)($667,369)($299,002)$125,289 $99,339 $73,066 $46,464 $19,529 ($7,742)($35,354)
$176,593 $409,427 $754,740 $1,268,772 $2,007,765 $1,027,957 $360,588 $61,587 $186,875 $286,215 $359,281 $405,744 $425,273 $417,531 $382,177
CIP Revenues
METER
SIZES
NUMBER OF
METERS
PROJECTED CIP RATE REVENUES
ACCUMULATED SURPLUS
(DEFICIT)
CIP Rate - CIP FUNDING OPTION 1a
Meter size (Excludes the city's accounts)
METER
SIZES
NUMBER OF
METERS
PROPOSED MONTHLY RATES
$1.57 $2.07 $3.07
$4.57
$6.57
$9.07
$12.07
$15.57
$19.57 $19.57 $19.57 $19.57 $19.57 $19.57 $19.57
$-
$5.00
$10.00
$15.00
$20.00
$25.00
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
Description:Steady Increases
Notes:- Steady equal rate increases FY19 - FY29
- The annual accumulated surplus is not sufficient to fund the following year's CIP budget
- Starting FY28, enough revenue is generated annually for each fiscal year to be self-funded
Inflation Factor 1.25%
Proposed Rate Increase Approved 1.75$ 1.75$ 1.75$ 1.75$ 1.75$ 1.75$ 1.75$ 1.75$ 1.75$ 1.75$ 1.75$ -$ -$ -$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
1" or less 8951 1.57$ 3.32$ 5.07$ 6.82$ 8.57$ 10.32$ 12.07$ 13.82$ 15.57$ 17.32$ 19.07$ 20.82$ 20.82$ 20.82$ 20.82$
1.5"128 1.81$ 3.83$ 5.85$ 7.86$ 9.88$ 11.90$ 13.92$ 15.93$ 17.95$ 19.97$ 21.99$ 24.00$ 24.00$ 24.00$ 24.00$
2"189 2.10$ 4.44$ 6.78$ 9.12$ 11.46$ 13.80$ 16.14$ 18.49$ 20.83$ 23.17$ 25.51$ 27.85$ 27.85$ 27.85$ 27.85$
3"11 2.79$ 5.90$ 9.01$ 12.12$ 15.23$ 18.34$ 21.45$ 24.56$ 27.67$ 30.78$ 33.89$ 37.00$ 37.00$ 37.00$ 37.00$
4"1 3.77$ 7.97$ 12.17$ 16.38$ 20.58$ 24.78$ 28.98$ 33.19$ 37.39$ 41.59$ 45.79$ 49.99$ 49.99$ 49.99$ 49.99$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
REQUIRED CIP FUNDING FUNDED FUNDED FUNDED FUNDED FUNDED 2,000,000 2,025,000 2,050,313 2,075,941 2,101,891 2,128,164 2,154,766 2,181,701 2,208,972 2,236,584
1" or less 8951 168,637$ 356,608$ 544,579$ 732,550$ 920,521$ 1,108,492$ 1,296,463$ 1,484,434$ 1,672,405$ 1,860,376$ 2,048,347$ 2,236,318$ 2,236,318$ 2,236,318$ 2,236,318$
1.5"128 2,780$ 5,879$ 8,978$ 12,077$ 15,176$ 18,275$ 21,374$ 24,472$ 27,571$ 30,670$ 33,769$ 36,868$ 36,868$ 36,868$ 36,868$
2"189 4,763$ 10,072$ 15,381$ 20,689$ 25,998$ 31,307$ 36,616$ 41,925$ 47,234$ 52,542$ 57,851$ 63,160$ 63,160$ 63,160$ 63,160$
3"11 368$ 779$ 1,189$ 1,600$ 2,010$ 2,421$ 2,831$ 3,242$ 3,652$ 4,063$ 4,473$ 4,884$ 4,884$ 4,884$ 4,884$
4"1 45$ 96$ 146$ 197$ 247$ 297$ 348$ 398$ 449$ 499$ 550$ 600$ 600$ 600$ 600$
ANNUAL REVENUES 176,593$ 373,433$ 570,273$ 767,112$ 963,952$ 1,160,792$ 1,357,631$ 1,554,471$ 1,751,311$ 1,948,151$ 2,144,990$ 2,341,830$ 2,341,830$ 2,341,830$ 2,341,830$
YEAR REV OVER (UNDER) EXP $176,593 $373,433 $570,273 $767,112 $963,952 ($839,208)($667,369)($495,841)($324,631)($153,740)$16,826 $187,064 $160,129 $132,858 $105,246
$176,593 $550,026 $1,120,299 $1,887,411 $2,851,363 $2,012,155 $1,344,787 $848,945 $524,315 $370,575 $387,400 $574,464 $734,593 $867,451 $972,696
CIP Revenues
METER SIZES NUMBER OF
METERS
PROJECTED CIP RATE REVENUES
ACCUMULATED SURPLUS
(DEFICIT)
CIP Rate - CIP FUNDING OPTION 2a
Meter size (Excludes the city's accounts)
METER SIZES NUMBER OF
METERS
PROPOSED MONTHLY RATES
$1.57
$3.32
$5.07
$6.82
$8.57
$10.32
$12.07
$13.82
$15.57
$17.32
$19.07
$20.82 $20.82 $20.82 $20.82
$-
$5.00
$10.00
$15.00
$20.00
$25.00
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
Description:Alternating Year with Increase, then Year without Increase (Stair-stepped Increases)
Notes:- Starting FY30, enough revenue is generated annually for each fiscal year to be self-funded
- Provides a reprive in years without an increase
- The annual accumulated surplus does not provide funding for contingencies
Inflation Factor 1.25%
Proposed Rate Increase Approved 3.00$ -$ 3.00$ -$ 3.00$ -$ 4.00$ -$ 4.00$ -$ -$ 1.50$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
1" or less 8951 1.57$ 4.57$ 4.57$ 7.57$ 7.57$ 10.57$ 10.57$ 14.57$ 14.57$ 18.57$ 18.57$ 18.57$ 20.07$ 20.07$ 20.07$
1.5"128 1.81$ 5.27$ 5.27$ 8.73$ 8.73$ 12.19$ 12.19$ 16.80$ 16.80$ 21.41$ 21.41$ 21.41$ 23.14$ 23.14$ 23.14$
2"189 2.10$ 6.11$ 6.11$ 10.13$ 10.13$ 14.14$ 14.14$ 19.49$ 19.49$ 24.84$ 24.84$ 24.84$ 26.85$ 26.85$ 26.85$
3"11 2.79$ 8.12$ 8.12$ 13.45$ 13.45$ 18.78$ 18.78$ 25.89$ 25.89$ 33.00$ 33.00$ 33.00$ 35.67$ 35.67$ 35.67$
4"1 3.77$ 10.97$ 10.97$ 18.18$ 18.18$ 25.38$ 25.38$ 34.99$ 34.99$ 44.59$ 44.59$ 44.59$ 48.19$ 48.19$ 48.19$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
REQUIRED CIP FUNDING FUNDED FUNDED FUNDED FUNDED FUNDED 2,000,000 2,025,000 2,050,313 2,075,941 2,101,891 2,128,164 2,154,766 2,181,701 2,208,972 2,236,584
1" or less 8951 168,637$ 490,873$ 490,873$ 813,109$ 813,109$ 1,135,345$ 1,135,345$ 1,564,993$ 1,564,993$ 1,994,641$ 1,994,641$ 1,994,641$ 2,155,759$ 2,155,759$ 2,155,759$
1.5"128 2,780$ 8,093$ 8,093$ 13,405$ 13,405$ 18,717$ 18,717$ 25,801$ 25,801$ 32,884$ 32,884$ 32,884$ 35,540$ 35,540$ 35,540$
2"189 4,763$ 13,864$ 13,864$ 22,965$ 22,965$ 32,065$ 32,065$ 44,200$ 44,200$ 56,335$ 56,335$ 56,335$ 60,885$ 60,885$ 60,885$
3"11 368$ 1,072$ 1,072$ 1,776$ 1,776$ 2,479$ 2,479$ 3,418$ 3,418$ 4,356$ 4,356$ 4,356$ 4,708$ 4,708$ 4,708$
4"1 45$ 132$ 132$ 218$ 218$ 305$ 305$ 420$ 420$ 535$ 535$ 535$ 578$ 578$ 578$
ANNUAL REVENUES 176,593$ 514,033$ 514,033$ 851,472$ 851,472$ 1,188,912$ 1,188,912$ 1,638,831$ 1,638,831$ 2,088,750$ 2,088,750$ 2,088,750$ 2,257,470$ 2,257,470$ 2,257,470$
YEAR REV OVER (UNDER) EXP $176,593 $514,033 $514,033 $851,472 $851,472 ($811,088)($836,088)($411,481)($437,110)($13,140)($39,414)($66,016)$75,769 $48,498 $20,886
$176,593 $690,626 $1,204,659 $2,056,131 $2,907,603 $2,096,515 $1,260,427 $848,945 $411,835 $398,695 $359,281 $293,264 $369,034 $417,531 $438,417
CIP Revenues
METER SIZES NUMBER OF
METERS
PROJECTED CIP RATE REVENUES
ACCUMULATED SURPLUS
(DEFICIT)
CIP Rate - CIP FUNDING OPTION 3a
Meter size (Excludes the city's accounts)
METER SIZES NUMBER OF
METERS
PROPOSED MONTHLY RATES
$1.57
$4.57 $4.57
$7.57 $7.57
$10.57 $10.57
$14.57 $14.57
$18.57 $18.57 $18.57
$20.07 $20.07 $20.07
$-
$5.00
$10.00
$15.00
$20.00
$25.00
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
Description:Ramp Up with Room for Contingencies
Notes: - Gradual annual increases that get larger closer to needing the cash
- Starting FY23, the annual accumulated surplus is sufficient to fund the
following year's CIP budget
- Starting FY25, enough revenue is generated annually for each fiscal year to be
self-funded (The deficit in FY32 is immaterial)
Inflation Factor 1.25%
Proposed Rate Increase Approved 2.00$ 2.00$ 1.75$ 2.50$ 2.50$ 4.00$ 3.50$ -$ -$ -$ -$ -$ -$ -$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
1" or less 8951 1.57$ 3.57$ 5.57$ 7.32$ 9.82$ 12.32$ 16.32$ 19.82$ 19.82$ 19.82$ 19.82$ 19.82$ 19.82$ 19.82$ 19.82$
1.5"128 1.81$ 4.12$ 6.42$ 8.44$ 11.32$ 14.20$ 18.81$ 22.85$ 22.85$ 22.85$ 22.85$ 22.85$ 22.85$ 22.85$ 22.85$
2"189 2.10$ 4.78$ 7.45$ 9.79$ 13.14$ 16.48$ 21.83$ 26.51$ 26.51$ 26.51$ 26.51$ 26.51$ 26.51$ 26.51$ 26.51$
3"11 2.79$ 6.34$ 9.90$ 13.01$ 17.45$ 21.89$ 29.00$ 35.22$ 35.22$ 35.22$ 35.22$ 35.22$ 35.22$ 35.22$ 35.22$
4"1 3.77$ 8.57$ 13.38$ 17.58$ 23.58$ 29.58$ 39.19$ 47.59$ 47.59$ 47.59$ 47.59$ 47.59$ 47.59$ 47.59$ 47.59$
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32
REQUIRED CIP FUNDING FUNDED FUNDED FUNDED FUNDED FUNDED 2,000,000 2,025,000 2,050,313 2,075,941 2,101,891 2,128,164 2,154,766 2,181,701 2,208,972 2,236,584
1" or less 8951 168,637$ 383,461$ 598,285$ 786,256$ 1,054,786$ 1,323,316$ 1,752,964$ 2,128,906$ 2,128,906$ 2,128,906$ 2,128,906$ 2,128,906$ 2,128,906$ 2,128,906$ 2,128,906$
1.5"128 2,780$ 6,322$ 9,863$ 12,962$ 17,389$ 21,816$ 28,899$ 35,097$ 35,097$ 35,097$ 35,097$ 35,097$ 35,097$ 35,097$ 35,097$
2"189 4,763$ 10,830$ 16,897$ 22,206$ 29,790$ 37,374$ 49,509$ 60,127$ 60,127$ 60,127$ 60,127$ 60,127$ 60,127$ 60,127$ 60,127$
3"11 368$ 837$ 1,307$ 1,717$ 2,304$ 2,890$ 3,828$ 4,649$ 4,649$ 4,649$ 4,649$ 4,649$ 4,649$ 4,649$ 4,649$
4"1 45$ 103$ 161$ 211$ 283$ 355$ 470$ 571$ 571$ 571$ 571$ 571$ 571$ 571$ 571$
ANNUAL REVENUES 176,593$ 401,553$ 626,513$ 823,352$ 1,104,552$ 1,385,751$ 1,835,671$ 2,229,350$ 2,229,350$ 2,229,350$ 2,229,350$ 2,229,350$ 2,229,350$ 2,229,350$ 2,229,350$
YEAR REV OVER (UNDER) EXP $176,593 $401,553 $626,513 $823,352 $1,104,552 ($614,249)($189,329)$179,038 $153,409 $127,459 $101,186 $74,584 $47,649 $20,378 ($7,234)
$176,593 $578,146 $1,204,659 $2,028,011 $3,132,563 $2,518,314 $2,328,985 $2,508,023 $2,661,431 $2,788,891 $2,890,076 $2,964,660 $3,012,309 $3,032,687 $3,025,453
CIP Revenues
METER SIZES NUMBER OF
METERS
PROJECTED CIP RATE REVENUES
ACCUMULATED SURPLUS
(DEFICIT)
CIP Rate - CIP FUNDING OPTION 4a
Meter size (Excludes the city's accounts)
METER SIZES NUMBER OF
METERS
PROPOSED MONTHLY RATES
$1.57
$3.57
$5.57
$7.32
$9.82
$12.32
$16.32
$19.82 $19.82 $19.82 $19.82 $19.82 $19.82 $19.82 $19.82
$-
$5.00
$10.00
$15.00
$20.00
$25.00
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32