AP 05-29-08 Special Board Meeting and Public Hearing
SOUTH TAHOE PUBLIC UTILITY DISTRICT
IIBasic Services for a Complex World"
SPECIAL BOARD MEETING AND PUBLIC HEARING
AGENDA
Thursday, May 29, 2008
2:00 P.M.
District Board Room
1275 Meadow Crest Drive, South Lake Tahoe, California
Richard Sol brig, General Manager
Mary Lou Mosbacher, President
BOARD MEMBERS
Paul Sciuto, Assistant Manager
Dale Rise, Vice President
James R. Jones, Director
Eric W. Schafer, Director
Ernie Claudio, Director
1. CALL TO ORDER SPECIAL ~EETING - PLEDGE OF ALLEGIANCE '
2. COMMENTS FROM THE AUDIENCE (Short non-agenda items that are within the subject
matter jurisdiction of the District. Five-minute limit. No action will be taken.)
3. CORRECTIONS TO THE AGENDA
4. MAJORITY PROTEST PUBLIC HEARING
a. Report on Customer Notification Pursuant to Proposition 218 Requirements
b. Presentation of 2008/09 Proposed Rates and Budgets for the Sewer and Water
Enterprise Fund
c. Report on Protests Received
5.
ITEMS FOR BOARD ACTION
REQUESTED BOARD ACTION
a. Rate Amendment Ordinance
Pg. 1 (Lisa Coyner)
Enact Ordinance No. 508-08
Amending Ordinance 464, and
Superseding Ordinance No. 499-07
in its Entirety
SPECIAL BOARD MEETING I PUBLIC HEARING AGENDA - MAY 29, 2008
PAGE.2
b. Sewer Enterprise Fund Budget:
Pg.7 Fiscal Year 2008-09
(Debbie Henderson)
Adopt Resolution No. 2845-08
Adopting the Budget for the Sewer
Enterprise Fund
c. Water Enterprise Fund Budget:
Pg.11 Fiscal Year 2008-09
(Debbie Henderson)
Adopt Resolution No. 2846-08
Adopting the Budget for the Water
Enterprise Fund
6. CLOSED SESSION (Closed Sessions are not open to the public)
a. Pursuant to Government Code Section 54956.9(a)/Conference with Legal Counsel-
Pg.15 Existing Litigation re: Meyers Landfill Site: United States of America vs. EI Dorado
County and City of South Lake Tahoe and Third Party Defendants, Civil Action No.
S-01-1520 LKK GGH, United States District Court for the Eastern DistriGt of CA
7. ACTION I REPORT ON ITEMS DISCUSSED DURING CLOSED SESSION
8. ADJOURNMENT
.
The South Tahoe Public Utility District Board of Directors regularly meets the first and third Thursday of each month. A complete
agenda packet, including all backup information is available for review at the meeting and at the District office during the hours of
8:00 a.m. - 5:00 p,m., Monday through Friday, Items on this agenda are numbered for identification purposes only and will not
necessarily be considered in the order in which they appear on the agenda. Designated times are for particular items only. Public
Hearings will not be called to order prior to the time specified. .
Public participation is encouraged. Public comments on items appearing on the agenda will be taken at the same time the agenda
items are heard; comments should be brief and directed to the specifics of the item being considered. Comments on items not on
the agenda can be heard during "Comments from the Audience;" however, action cannot be taken on items not on the agenda.
Please provide the Clerk of the Board with a copy of all written material presented at the meeting.
The meeting location is accessible to people with disabilities. Every reasonable effort will be made to accommodate participation of
the disabled in all of the District's public meetings. If particular accommodations for the disabled are needed (i.e., disability-related
aids, or other services), please contact the Clerk of the Board at 530.544.6474, extension 6203. at least 24 hours in advance of the
meeting.
South Tahoe Public Utility District. 1275 Meadow Crest Drive · South Lake Tahoe, CA 96150
Phone 530.544.6474 · Facsimile 530.541.0614 · www.stpud.us
General Ma~
Richard H, 50111rfe
South Tahoe
Public Utility District
Dire.ctor'&
ErnHl C1atullo
Jamd6 It. JQM6
Mary I.o1.l Mo6tI.acher
D"te ll:Iee
1275 Meadow Cns&t Drlv6 · South Lske r,.hoe . CA 96150
Phorre-530 544-6474' Fsx 530 541-0014
BOARD AGENDA ITEM Sa
TO:
FROM:
Board of Directors
Lisa Coyner, Manager of Customer Service
MEETING DATE:
May 29, 2008
- ITEM - PROJECT NAME: Rate Amendment Ordinance
REQUESTED BOARD ACTION: Enact Ordinance No. 508-08 amending Ordinance
464, and superseding Ordinance No. 499-07 in its entirety.
DISCUSSION: The Ordinance increases the Water Service Charges (Schedules 2
and 3) and increases Water Consumption Charges to $2.20 per hundred cubic feet
and increases the annual Sewer Rate (Schedule 6), representing an overall rate
increase of 4%.
A public meeting concerning the proposed Ordinance was held on May 15, 2008.
SCHEDULE: Enact Ordinance with rates to be effective July 1, 2008.
COSTS:
ACCOUNT NO: Various
BUDGETED AMOUNT REMAINING:
ATTACHMENTS: Ordinance No. 508-08
CONCURRENCE WITH REQUESTED ACTION:
GENERAL MANAGER: YES~ NO
CHIEF FINANCIAL OFFICER: YES PJ+ NO
CATEGORY: Sewer & Water
-1-
ORDINANCE NO. 508-08
AN AMENDMENT TO THE SOUTH TAHOE PUBLIC UTILITY DISTRICT'S
ORDINANCE NO. 464 - ADMINISTRATIVE CODE SECTIONS 3.1.49 AND
3.1.50 W A T~R RATE SCHEDULES, AND SECTION 4.5.12 SEWER RATE
SCHEDULE, AND SUPERSEDING WATER AND SEWER RATE
ORDINANCE NO. 499-07 IN ITS ENTIRETY
The Board of Directors of the South Tahoe Public Utility District, EI Dorado
County, State of California, makes the following findings:
1. Public Meeting of this Ordinance was duly given, authorized, posted and
published, as required by law and specifically, that said Notice fixing the time and place
of the hearing on said Ordinance was duly given, posted, and published, as required by
Government Code of California.
2. Pursuant to said Public Meeting, a meeting by the Board of Directors of
the South Tahoe Public Utility District (District) on this Ordinance for the public by the
Board of Directors on May 15, 2008, at 6:00 pm at the place specified in said Notice of
Public Meeting. '
3. The Notice of time and place of said meeting, including a general
explanation of the matters to be considered at said meeting was published on May 1,
2008 and May 7,2008.
4. At least ten (10) days prior to said public meeting, the data indicating the
amount of the cost or estimated cost required to provide water and sewer services for
which service charges are proposed for adoption pursuant to this Ordinance, and the
revenue source(s) anticipated to provide such service was available to the public.
WATER RATES
5. The water service charges in Schedules No.2 and 3 will be effective July
1, 2008 and are for the following purposes:
a. Obtaining funds for capital projects necessary to maintain service for
existing customers;
b. Meeting debt service requirements;
c. Meeting operating expenses;
d. Purchasing or leasing equipment, supplies or materials;
e. Meeting financial reserve needs and requirements.
-3-
6. The existing water service charges and the increase in the consumption
charge are necessary to meet the costs and expenses enumerated in paragraph 5 herein
above, and are included in the water budget adopted on May 29,2008.
NOW, THEREFORE, BE IT ENACTED BY THE SOUTH TAHOE PUBLIC
UTILITY DISTRICT BOARD OF DIRECTORS THAT ORDINANCE NO. 499-07 IS
SUPERSEDED AND THAT WATER RATE SCHEDULES NUMBER 2 AND 3
PROVIDED BY ORDINANCE NO. 464 - ADMINISTRATIVE CODE, SECTION
3.1.49 AND 3.1.50 ARE HEREBY AMENDED AND REPLACED BY THE
FOLLOWING SCHEDULES 2 AND 3:
WATER RATE SCHEDULES
SCHEDULE 2 - ANNUAL FLAT SERVICE
a.
b.
c.
d.
Single dwelling unit
Duplex
Triplex
Fourplex
Each additional unit
Business establishment when serviced from:
$467.88
$831.84
$1,130.16
$1,461.96
$245.32
e.
f.
~ inch connection
One inch connection
$711.92
$1,074.32
SCHEDULE 3 - METERED SERVICE
Annual Minimum Rate
~ inch water connection
1 inch water connection
1 Y2 inch water connection
2 inch water connection
3 inch water connection
4 inch water connection
6 inch water connection
8 inch water connection
10 inch water connection
$248.16
$341.28
$591.32
$941.84
$1,875.60
$2,926.20
$5,734.72
$9,170.64
$13,180.12
All consumption will be charged at the rate of Two Dollars Twenty Cents ($2.20)
per one hundred (100) cubic feet.
-4-
7. The Water Capital Improvement Charges in the amount of $1,448,000,
formerly in Schedules No.6 and 7, are combined and included in Rate Schedules 2 and 3
herein above and will be effective July 1, 2008. The Capital Improvement Charges are
restricted in use to the following purposes:
a. Construction of purchase of capital improvements as designated in the
District's financial statements as "Capital Assets";
b. Debt service related to items referred to in 7a;
c. Reserves accumulated for future construction or purchase of Capital
Improvements as designated in the District's financial statements as
"Capital Assets."
SEWER RATES
8. The sewer service charges in Schedule No.6 will be effective July 1, 2008
and are for the following purposes:
a. Obtaining funds for capital projects necessary to maintain service for
existing customers;
b. Meeting debt service requirements;
c. Meeting operating expenses;
d. Purchasing or leasing equipment, supplies or materials;
e. Meeting financial reserve needs and requirements.
9. The increase in sewer service charges are necessary to meet the costs and
expenses enumerated in Paragraph 7 herein above, and are included in the sewer budget
adopted May 29, 2008.
NOW, THEREFORE, BE IT ENACTED BY THE SOUTH TAHOE
PUBLIC UTILITY DISTRICT BOARD OF DIRECTORS THAT ORDINANCE
NO. 499-07 IS SUPERSEDED AND THAT SEWER RATE SCHEDULE
NUMBER 6 PROVIDED BY ORDINANCE NO. 464 - ADMINISTRATIVE
CODE, SECTION 4.5.12 IS HEREBY AMENDED AND REPLACED BY THE
FOLLOWING SCHEDULE 6:
SEWER RATE SCHEDULE 6
Annual service charges per sewer unit shall be as follows:
T)pe of Connection Annual Service
Charge per Unit
Quarterly Service
Charge per Unit
Minimum Charge
Per Unit
Single Family Dwellings $114.04
$28.51
$9.51
Multi-Family Residences $111.68
$27.92
$9.31
-5-
MotelslHotelsrrimeshares $11 0.28 $27.57 $9.19
Restaurants $118.48 $29.62 $9.88
Service Stations $118.48 $29.62 $9.88
TrailerlMobile Home Parks $104.92 $26.23 $8.75
& Campgrounds
Laundromats $118.48 $29.62 $9.88
Automobile Service Garages $118.48 $29.62 $9.88
Taverns without Food
Facilities
$118.48
$29.62
$9.88
All Other Commercial
Establishments
$118.48
$29.62
$9.88
10. Delinquent charges, when recorded as provided in California Government
Code Section 54354.5, and the District's Administrative Code, shall constitute a lien
upon the real property served.
11. This Ordinance hereby supersedes Ordinance No. 499-07 in its entirety,
and amended Ordinance No. 464 - Administrative Code, Sections 3.1.49, 3.1.50 and
4.5.12.
PASSED AND ENACTED by the Board of Directors of the South Tahoe Public
Utility District at its Special Board Meeting on the 29th day of May, 2008 by the
following vote:
AYES:
NOES:
ABSENT:
DATED: May 29, 2008
Mary Lou Mosbacher, President of the Board
Kathy Sharp, Executive Services Manager
-6-
~IW..I M.a,,~
Richard H, 5olbrlt1
South Tahoe
Public Utility District
DIr0ct0r5
Ernie Claudio
Ja~ R. Jontl&
Mary Lou MoeU.teher
Dale Rl~
haf",.
1275 Moadow C",&t DrIve · South Lake Tahoe · CA 00160
Phone 550 544-6474. Fax 550 541-0614
BOARD AGENDA ITEM Sb
TO:
Board of Directors
FROM:
Debbie Henderson, Interim Chief Financial Officer
MEETING DATE:
May 29, 2008
ITEM - PROJECT NAME: Sewer Enterprise Fund Budget: Fiscal Year 2008-09
REQUESTED BOARD ACTION: Adopt Resolution No. 2845-08 adopting the budget
for the Sewer Enterprise Fund.
DISCUSSION: The 2008-09 proposed budget is fUlly funded and on May 15, 2008, was
presented in a public meeting. The 2008-09 proposed budget includes an overall rate
change of 4%. The increase in rates is necessary to fund increasing operating costs
and capital infrastructure replacement.
SCHEDULE: Must be adopted by July 1, 2008
COSTS: $34,002,425
ACCOUNT NO: Various
BUDGETED AMOUNT REMAINING: N/A
ATTACHMENTS: Resolution No. 2845-08, Sewer Budget Summary
CONCURRENCE WITH REQUESTED ACTION:
GENERAL MANAGER: YES U~ NO
CHIEF FINANCIAL OFFICER: YES~ NO
CATEGORY: Sewer
-7-
1
2
3
4
5
6
7 WHEREAS, on May 15, 2008, the Board of Directors of the South Tahoe Public
8 Utility District held a public meeting and exhibits of the Sewer Enterprise Fund Budget
9 for the Fiscal Year 2008-09 were made public.
RESOLUTION NO. 2845-08
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
ADOPTING THE BUDGET FOR THE SEWER ENTERPRISE FUND
FOR FISCAL YEAR 2008-09
10
NOW, THEREFORE BE IT RESOLVED, by the Board of Directors of the South
Tahoe Public Utility District that:
12
The attached budget in the amount of $34,002,425 is adopted for the Fiscal Year
13
beginning July 1, 2008 and ending June 30, 2009.
11
14
15
AYES:
NOES:
22 ABSENT:
23
24
WE THE UNDERSIGNED, do hereby certify that the above and foregoing
16 Resolution was duly and regularly adopted and passed by the Board of Directors of the
17 South Tahoe Public Utility District at a special meeting duly held on the 29th day of May
18 2008, by the following vote:
19
20
21
25
26 ATTEST:
27
28
29 Kathy Sharp, Clerk of the Board
30
Mary Lou Mosbacher, Board President
South Tahoe Public Utility District
-9-
RMc
10 YEAR FORECAST 52009debtredo.xls
SOUTH TAHOE PUBLIC UTILITY DISTRICT
SEWER BUDGET SUMMARY
NOTES:
(1) Enterprise Fund revenue is from customer service charges and Capital Outlay Reserve revenue
is from capacity fees and grants. Borrowings fund capital improvements.
(2) Capital Outlay includes the Engineering Dept. Enterprise Fund contains all other departments.
(3) Interest expense is paid from the Enterprise Fund. Principal is paid from the Capital Outlay Reserve.
(4) A cash reserve equal to two months of costs is maintained for operations. The remaining cash is
designated for Capital Outlay projects.
(5) The Board established the Rate Stabilization Fund (RSF) on April 15, 2004. In the event of a large and sudden
loss of revenue or increase in costs these funds will be used to avoid dramatic changes in sewer
5/27/2008
2004/05
ACTUAL
2004/05
ACTUAL
2005/06
ACTUAL
2005/06
ACTUAL
2006/07
ACTUAL
2006/07
ACTUAL
2007/08
ESTIMATE
2007/08
ESTIMATE
2008/09
BUDGET
2008/09
BUDGET
ENTERPRISE
FUND
CAPITAL OUTLAY
RESERVE
ENTERPRISE
FUND
CAPITAL OUTLAY
RESERVE
ENTERPRISE
FUND
CAPITAL OUTLAY
RESERVE
ENTERPRISE
FUND
CAPITAL OUTLAY
RESERVE
ENTERPRISE
FUND
CAPITAL OUTLAY
RESERVE
BEGINNING CASH BALANCES
1,634,078
15,394,897
1,649,605
26,803,386
2,327,436
20,958,167
2,354,079
15,936,243
3,006,828
21,243,635
REVENUES (1)
13,254,932
1,994,653
14,185,601
2,179,060
16,476,765
2,277,897
17,417,316
2,876,800
17,878,900
3,847,000
BORROWINGS
0
15,000,000
0
0
0
0
0
10,000,000
0
0
AVAILABLE FUNDS
14,889,010
32,389,550
15,835,206
28,982,446
18,804,201
23,236,064
19,771,395
28,813,043
20,885,728
25,090,635
SALARIES (2)
3,492,249
386,510
3,928,274
469,460
4,392,978
602,965
5,293,046
613,575
5,039,100
682,650
BENEFITS (2)
1,781,699
127,625
1,924,584
160,169
1,963,667
185,412
2,835,446
241,825
2,646,250
264,875
OPERATIONS & MAINTENANCE (2)
4,013,626
82,508
6,002,364
290,207
5,674,047
19,460
7,251,677
100,401
7,008,275
97,750
CAPITAL OUTLAY
11,078,392
8,976,690
2,899,010
5,492,057
11,337,500
DEBT SERVICE (3)
8,687
4,719
659,556
530,000
715,943
570,000
948,000
757,000
1,082,000
930,000
TOTAL CASH OUTLAYS
9,296,261
11,679,753
12,514,778
10,426,526
12,746,635
4,276,847
16,328,169
7,204,858
15,775,625
13,312,775
BALANCE BEFORE TRANSFERS
5,592,749
20,709,797
3,320,428
18,555,920
6,057,566
18,959,217
3,443,226
21,608,185
5,110,103
11,777,860
CAPITAL OUTLAY FUND TRANSFERS
- 3,943,144
3,943,144
- 1,793,028
1,793,028
- 4,309,655
4,309,655
- 436,397
436,397
- 2,131,620
2,131,620
ACCRUAL TO CASH ADJUSTMENT
0
2,150,445
800,036
609,219
- 7,332,629
- 800,947
- 20,000
125,097
RATE STABILIZATION FUND TRANSFERS
- 5,156,129
- 4,588,000
- 6,068,000
- 6,213,000
- 6,065,000
OPERATING AND CAPITAL OUTLAY RESERVES (4)
1,649,605
21,647,257
2,327,436
16,370,167
2,354,079
9,868,243
3,006,828
15,030,635
2,958,483
7,969,577
RATE STABILIZATION FUND (5)
5,156,129
4,588,000
6,068,000
6,213,000
6,065,000
TOTAL RESERVE BALANCES
1,649,605
26,803,386
2,327,436
20,958,167
2,354,079
15,936,243
3,006,828
21,243,635
2,958,483
14,034,577
AMORTIZATION (NON -CASH ITEM)
48,677
63,100
63,100
14,025
14,025
DEPRECIATION (NON -CASH ITEM)
3,868,286
4,333,810
4,521,411
4,700,000
4,900,000
RMc
10 YEAR FORECAST 52009debtredo.xls
SOUTH TAHOE PUBLIC UTILITY DISTRICT
SEWER BUDGET SUMMARY
NOTES:
(1) Enterprise Fund revenue is from customer service charges and Capital Outlay Reserve revenue
is from capacity fees and grants. Borrowings fund capital improvements.
(2) Capital Outlay includes the Engineering Dept. Enterprise Fund contains all other departments.
(3) Interest expense is paid from the Enterprise Fund. Principal is paid from the Capital Outlay Reserve.
(4) A cash reserve equal to two months of costs is maintained for operations. The remaining cash is
designated for Capital Outlay projects.
(5) The Board established the Rate Stabilization Fund (RSF) on April 15, 2004. In the event of a large and sudden
loss of revenue or increase in costs these funds will be used to avoid dramatic changes in sewer
5/27/2008
South Tahoe
Public Utility District
Directore
Em~ Clauaio
Jame6 R. Jono6
Mary Lou MoeD~
Dale Ri6e
lie:
GmlM'lII Mal1.tftlr
Richard H, 50lPrit
1275 Meadow Crest DM · South Lake Tahoe. CA 96160
Phone 530 544-6474 · Fsx 530 541-0014
BOARD AGENDA ITEM Sc
TO:
FROM:
Board of Directors
Debbie Henderson, Interim Chief Financial Officer
MEETING DATE:
May 29, 2008
ITEM - PROJECT NAME: Water Enterprise Fund Budget: Fiscal Year 2008-09
REQUESTED BOARD ACTION: Adopt Resolution No. 2846-08 adopting the budget
for the Water Enterprise Fund.
DISCUSSION: The 2008-09 proposed budget is fUlly funded and on May 15, 2008, was
presented in a public meeting. The 2008-09 proposed budget includes an overall rate
change of 4%. The increase in rates is necessary to fund increasing operating costs
and capital infrastructure replacement.
SCHEDULE: Must be adopted by July 1, 2008
COSTS: $21,068,850
ACCOUNT NO: Various
BUDGETED AMOUNT REMAINING: N/A
ATTACHMENTS: Resolution No. 2846-08, Water Budget Summary
CONCURRENCE WITH REQUESTED ACTION:
GENERAL MANAGER: YES~ NO
CHIEF FINANCIAL OFFICER: YES~ NO
CATEGORY: Water
-11-
1
2
3
4
5
6
7 WHEREAS, on May 15, 2008, the Board of Directors of the South Tahoe Public
8 Utility District held a public meeting and exhibits of the Water Enterprise Fund Budget
9 for the Fiscal Year 2008-09 were made public.
10
RESOLUTION NO. 2846-08
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
ADOPTING THE BUDGET FOR THE WATER ENTERPRISE FUND
FOR FISCAL YEAR 2008-09
11
15
WE THE UNDERSIGNED, do hereby certify that the above and foregoing
16 Resolution was duly and regularly adopted and passed by the Board of Directors of the
17 South Tahoe Public Utility District at a special meeting duly held on the 29th day of May
18 2008, by the following vote:
AYES:
NOES:
22 ABSENT:
23
24
25
19
20
21
Mary Lou Mosbacher, Board President
South Tahoe Public Utility District
26 ATTEST:
27
28
29 Kathy Sharp, Clerk of the Board
30
-13-
SOUTH TAHOE PUBLIC UTILITY DISTRICT
10 YEAR FORECAST W2009.xls
NOTES:
(1) A cash reserve equal to two months of costs is maintained for operations. The remaining cash is
designated for Capital Outlay projects, MTBE Remediation and Rate Stabilization.
(2) Enterprise Fund revenue is from customer service charges and Capital Outlay Reserve revenue
is from connection fees, Capital Improvement Charge, grants, and borrowings.
(3) Capital Outlay includes the Engineering Dept. Enterprise Fund contains all other departments.
(4) Interest expense is paid from the Enterprise Fund. Principal is paid from the Capital Outlay Reserve.
(5) In 2002 -03 and thereafter, MTBE settlement proceeds are reserved for MTBE related projects
and expenses. No Rate Stabilization Reserve will be established until MTBE Funds are less than
WATER BUDGET SUMMARY
2004/05
ACTUAL
2004/05
ACTUAL
2005/06
ACTUAL
2005/06
ACTUAL
2006/07
ACTUAL
2006/07
ACTUAL
2007/08
ESTIMATE
2007/08
ESTIMATE
2008/09
BUDGET
2008/09
BUDGET
ENTERPRISE
CAPITAL OUTLAY
ENTERPRISE
CAPITAL OUTLAY
ENTERPRISE
CAPITAL OUTLAY
ENTERPRISE
CAPITAL OUTLAY
ENTERPRISE
CAPITAL OUTLAY
FUND
RESERVE
FUND
RESERVE
FUND
RESERVE
FUND
RESERVE
FUND
RESERVE
BEGINNING CASH BALANCES (1)
2,809,471
47,827,661
1,539,325
41,516,304
1,319,822
33,126,499
1,493,256
21,606,128
1,768,295
16,242,304
REVENUES (2)
7,204,362
2,142,565
7,905,980
1,786,853
9,346,044
1,907,342
9,643,370
2,213,000
12,660,000
3,281,000
BORROWINGS
0
0
0
0
0
0
0
0
0
0
AVAILABLE FUNDS
10,013,833
49,970,226
9,445,305
43,303,157
10,665,866
35,033,841
11,136,626
23,819,128
14,428,295
19,523,304
SALARIES (3)
2,187,890
441,523
2,321,420
388,973
2,387,738
658,888
2,806,850
643,575
2,992,075
682,650
BENEFITS (3)
1,159,634
143,927
1,236,184
130,971
1,396,043
220,862
1,583,675
242,175
1,574,425
264,875
OPERATIONS & MAINTENANCE (3)
3,905,757
68,221
2,371,785
84,231
2,615,060
318,724
3,950,274
195,051
3,973,600
121,850
CAPITAL OUTLAY
5,846,892
11,992,916
10,190,606
6,642,513
8,179,500
DEBT SERVICE (4)
585,000
744,000
518,916
866,450
446,396
915,827
360,388
827,780
408,000
770,000
TOTAL CASH OUTLAYS
7,838,281
7,244,563
6,448,304
13,463,541
6,845,237
12,304,907
8,701,187
8,551,094
8,948,100
10,018,875
BALANCE BEFORE TRANSFERS
2,175,552
42,725,663
2,997,001
29,839,616
3,820,628
22,728,934
2,435,439
15,268,034
5,480,195
9,504,429
CAPITAL OUTLAY FUND TRANSFERS
- 683,852
683,852
- 1,726,149
1,726,149
- 2,379,081
2,379,081
- 714,770
714,770
-3,729,9071
3,729,907
ACCRUAL TO CASH ADJUSTMENT
47,625
- 1,893,211
48,970
1,560,733
51,709
- 3,501,887
47,625
259,500
47,625
- 496,659
MTBE CONTAMINATION/RATE STABILIZATION FUNDS
- 26,982,770
- 23,943,908
- 12,936,572
- 10,586,630
0
- 9,834,661
OPERATING AND CAPITAL OUTLAY RESERVES
1,539,325
14,533,534
1,319,822
9,182,591
1,493,256
8,669,556
1,768,295
5,655,673
1,797,913
2,903,016
RESERVED FOR MTBE REMEDIATION (5)
26,982,770
23,943,908
12,936,572
10,586,630
9,834,661
RATE STABILIZATION RESERVE (5)
TOTAL RESERVE BALANCES
1,539,325
41,516,304
1,319,822
33,126,499
1,493,256
21,606,128
1,768,295
16,242,304
1,797,913
12,737,677
AMORTIZATION (NON -CASH ITEM)
11,150
1,345
4,084
1,875
1,875
DEPRECIATION (NON -CASH ITEM) 1,143,718
1,315,872
1,802,714
1,900,000
2,100,000
SOUTH TAHOE PUBLIC UTILITY DISTRICT
10 YEAR FORECAST W2009.xls
NOTES:
(1) A cash reserve equal to two months of costs is maintained for operations. The remaining cash is
designated for Capital Outlay projects, MTBE Remediation and Rate Stabilization.
(2) Enterprise Fund revenue is from customer service charges and Capital Outlay Reserve revenue
is from connection fees, Capital Improvement Charge, grants, and borrowings.
(3) Capital Outlay includes the Engineering Dept. Enterprise Fund contains all other departments.
(4) Interest expense is paid from the Enterprise Fund. Principal is paid from the Capital Outlay Reserve.
(5) In 2002 -03 and thereafter, MTBE settlement proceeds are reserved for MTBE related projects
and expenses. No Rate Stabilization Reserve will be established until MTBE Funds are less than
~I M."..
Richard H. 501~
South Tahoe
Public Utility District
Dl~
Ernie CbwtJlo
J.",. R. JOI18
Mary Lou Moet1.acher
Dale RIeo
'IZ1'5 MMdc>w CreEit Drive · South lake Tahoe · CAge16O
Phone 530 544-6474' Fsx !530 641-0614
BOARD AGENDA ITEM 6a
TO:
FROM:
Board of Directors
Richard H. Solbrig, General Manager
MEETING DATE: May 29,2008
ITEM - PROJECT: Conference with Legal Counsel- Existing Litigation
REQUESTED BOARD ACTION: Direct staff.
DISCUSSION: Pursuant to Section 54956.9(a) of the California Government Code,
Closed Session may be held for conference with legal counsel regarding existing
litigation: Meyers Landfill Site - United States of America vs. EI Dorado County and City
of South Lake Tahoe and Third Party Defendants, Civil Action No. S-01-1520 LKK
GGH, United States District Court for the Eastern District of California.
SCHEDULE:
COSTS:
ACCOUNT NO:
BUDGETED AMOUNT REMAINING:
ATTACHMENTS:
CONCURRENCE WITH REQUESTED ACTION:
GENERAL MANAGER: YES~.!
CHIEF FINANCIAL OFFICER: YES 1?1,}
CATEGORY: Sewer
NO
NO
-15-