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2011 06-08 UWMPSOUTH TAHOE PUBLIC UTILITY DISTRICT NOTICE OF BOARD WORKSHOP Wednesday, June 8, 2011 9:00 A.M. — 12:00 P.M. District Board Room 1275 Meadow Crest Drive, South Lake Tahoe, California Richard Solbri., General Mana•er Dale Rise, President Chris Cefalu, Director BOARD MEMBERS James R. Jones, Director Paul Sciuto, Assistant General Mana•er Mary Lou Mosbacher, Vice President Eric W. Schafer, Director AGENDA 1 URBAN WATER MANAGEMENT PLAN a. Conservation b. Installation of Water Meters c. Non - Metered Water Rate Increase 2. ADJOURNMENT 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, 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 SOUTH TAHOE PUBLIC UTILITY DISTRICT CURRENT METER STATUS TOTAL NUMBER OF WATER ACCOUNTS 13,911 TOTAL NUMBER OF METERS IN THE GROUND 5,112 36.70% REMAINING METERS TO BE INSTALLED 8,799 63.30% COST OF INSTALLATION PER METER $ 1,797 $4.4M/2,449 meters COST TO INSTALL ALL REMAINING METERS $ 15,811,803 $1,797 x 2,449 meters k7 �ul.L — I s ` ; ©ic)L Ti s\ A 2010 Urban Water Management Plan Board Workshop • Background /Reason for Workshop • UWMP Overview • District Targets • Demand Management Measures • Conservation • Water Meters • Water Rates 1 Winzler & Kelly Developed 2010 UWMP Board to Adopt the Plan on June 16, 2011 Discuss the Recommendations in the plan Provide Final Comments for Incorporation in the Final Draft SBx7 -7 is law Hammer is access to grants and low- interest loans Heavenly Water and Fire Flows 10 -year moving average It is a Plan, • - mandate 2 2015 Interim Target of 198 gpcpd 2020 Target of 164 gpcpd District Current 10 year Average of 201 gpcpd (1999 to 2008) The Chosen Methodology and Targets can Change in 2015. DMM Section Provides a Comprehensive Description of the Water Conservation Programs 14 DMM's Stated in the UWMP Focus on Three Measures: • Conservation • Water Meters • Water Rates 3 r: Conservation • The UWMP shows an annual budget of $174,826.75 for the conservation program. • There is $175,000 in the 2011/2012 Adopted Budget • Prop 50 Funds Water Meters • DMM D assumes 4,244 meters will installed by 2015. • Options Include: — Adhere to our current CIP — Start Installing Meters with In -House Crews — Defer Existing Projects and Install Meters — Incur Additional Debt to Install Meters 4 Water Rates • Current Forecasted Rates • Rates to Install all Remaining Meters - with & without adjusting CIP • Rates to Install 4,040 Meters as presented in the UWMP - with & without adjusting CIP 5 USE OR BENEFIT PLANATION RANK WATER ENGINEERING - PAGE 1 10 -11 11 -12 12 -13 BUDGET BUDGET BUDGET 13 -14 BUDGET 14 -15 15 -16 16 -17 17 -18 18 -19 19 -20 20 -21 BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET TOTALS METERS 3,650,000 3,650,000 7,300,000 1 TANK COATING 618,000 618,000 2 WATERLINE - WILDWOOD 2 600,000 600,000 1,200,000 3 BIJOU EROSION CONTROL PROJECT 500,000 500,000 9 COLD CREEK BOOSTER 50,000 420,000 420,000 4 EROSION CONTROL PROJECTS (15) 300,000 329,000 350,000 360,000 371,000 382,000 393,000 405,000 417,000 430,000 443,000 3,880,000 8 RALPH TANKS 75,000 260,000 260,000 5 KELLER TANK 232,000 862,000 1,094,000 6 CATHODIC PROTECTION ASSESSMENT 80,000 100,000 100,000 7 EROSION CONTROL PROJECTS (TROUT CR/STATELINE) 100,000 100,000 10 WATER EVALUATIONS - FLAGPOLE, AIRPORT 25,000 50,000 50,000 11 GIS 45,000 40,000 40,000 35,000 35,000 30,000 30,000 30,000 25,000 25,000 335,000 12 AIRPORT WELL ARSENIC TREATMENT 80,000 40,000 40,000 13 ARCFLASH STUDY 20,000 20,000 14 WATER METERS - PHASE I 2,000,000 0 15 WATER METERS - PHASE II 1,800,000 0 16 ECHO VIEW TANK 1,000,000 0 17 ANGORA HIGHLANDS TANK 670,000 0 18 BMP PROJECTS 500,006 155,000 155,000 19 CALTRANS EROSION CONTROL (TROUT CREEK - STATELINE) 350,000 0 20 URBAN WATER MANAGEMENT PLAN 70,000 70,000 70,000 140,000 21 GPS UNITS (2) 20,000 32,000 32,000 22 HYDRO SOFTWARE UPGRADES 7,500 0 6,000 23 FIRM SOURCE PLAN 5,000 6,000 24 BOOSTER STATION GENERATORS & BLDG.:KELLER,DAVID 508,000 508,000 25 REPLACE COPIER 20,000 23,000 43,000 26 REPLACE PLOTTER 25,000 28,000 53,000 27 FIRE HYDRANTS ON SIX -INCH LINES 380,000 380,000 28 WELL DESTRUCTIONS: BR #1, MV, TATA #1, CC 109,000 109,000 29 DATA LOGGERS, MONITORING WELL 14,000 14,000, 30 WATERLINE - SIERRA TRACT PROJECT T 1,304,000 1,304,000 31 WATERLINE - SIERRA TRACT PROJECT S 1,310,000 1,310,000 32 WATERLINE - SIERRA TRACT PROJECT P 1,013,000 1,013,000 33 WATERLINE - SIERRA TRACT PROJECT M 1,455,000 1,455,000 34 WATERLINE - BROCKWAY 359,000 359,000 35 WATERLINE - TAHOE ISLAND PARK 1,014,000 1,014,000 36 WATERLINE - TAHOE ISLAND PARK PROJECT SS 1,306,000 1,306,000 37 WATERLINE - GLEN ROAD /ROCKY POINT 1,316,000 1,316,000 38 WATERLINE - AL TAHOE PROJECT TT 849,000 849,000 860,000, 39 WATERLINE - MEYERS 860,000 40 WATERLINE - BIJOU PROJECT V 1,278,000 1,278,000 41 WATERLINE - BIJOU PROJECT AA 1,318,000 1,318,000 42 WATERLINE - BLACK BART PROJECT 00 1,069,000 1,069,000 43 WATERLINE - BLACK BART PROJECT PP 884,000 884,000 44 WATERLINE - GARDNER MOUNTAIN PROJECT F 0 45 WATERLINE - GARDNER MOUNTAIN PROJECT H 561,000 561,000 46 WATERLINE - BIJOU PROJECT Z 0 47 HWY*0 UTILITY RELOCATIONS 500,000 100,000 100,000 100,000 100,000 400,000 48 LOOP LINES /BLOW OFFS 515,000 515,000 49 TRANSDUCERS: AH,BAKERFIELD,PALOMA,SUNSET 16,000 16,000 SUBTOTALS 7,532,500 3,314,000 3,428,000 5,744,000 4,547,000 3,324,000 2,891,000 2,778,000 2,640,000 2,593,000 2,925,000 34,184,000 WATER ENTERPRISE FUND DEBT SERVICE Current Debt LaSalle Bank 1999: 5.65% Interest Rate 2001 Refunding: 3% - 4.4% Interest Rates 2001, 2014, 2018 Amortization New Waterline Debt 1: 5.5 %, $5M New Waterline Debt 2: 5.5 %, $5M Meter Loan Meter Loan Customer Refunds 2010/11 2010/11 2011/12 2011/12 2012/13 2012/13 2013/14 2013/14 2014/15 2014/15 2015/16 2015/16 INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL 120,809 192,334 109,789 203,357 98,137 215,009 85,817 227,328 72,792 240,354 59,020 254,125 132,564 645,000 106,364 665,000 78,729 695,000 48,808 725,000 16,610 755,000 56,553 56,553 56,553 56,553 15,873 11,904 275,000 97,747 269,624 103,123 263,952 108,795 185,000 111,898 179,405 117,492 185,000 111,898 2,000 2,000 2,000 2,000 2,000 2,000 GRAND TOTAL 311,926 837,334 274,706 868,357 235,419 910,009 468,178 1,050,075 561,899 1,210,374 701,282 592,310 TOTAL DEBT SERVICE Ratio of Debt Service to Gross Revenue 1,149,260 1,143,062 1,145,428 1,518,253 1,772,273 1,293,592 11.3% 6.5% 8.3% 12.2% 15.4% 8.8% NET REVENUE COVENANT Gross Revenue 17,540,692 Less: Capital Grants - 7,225,692 Less: Operating Costs (w/ Engineering) - 9,053,242 Add back: Interest 311,000 Net Revenue 1,572,758 Debt Service Ratio (1.20) 1,379,112 Excess 193,646 KEY FINANCIAL RATIOS Long -term Debt Net Assets Ratio of Debt to Net Assets Debt Customers Debt Per Customer $4,638,910 584,833,309 5% 2012 Water - UWMP Meters, same waterlines.xls 13,833,000 12,468,000 11,498,000 14,690,000 12,262,000 - 3,245,000 0 0 0 0 - 9,240,261 - 9,364,162 - 10,001,667 - 10,325,656 - 10,854,553 274,000 235,000 468,000 561,000 701,000 1,621,739 3,338,838 1,964,333 4,925,344 2,108,447 1,371,675 1,374,514 1,821,903 2,126,727 1,552,310 250,064 1,964,324 142,430 2,798,617 556,138 $3,770,553 $86,413,409 4% 57,860,545 $90,454,409 9% $10,460,470 $93,385,109 11% $12,900,096 $94,735,909 14% 512,307,786 595,587,209 13% $4,638,910 $3,770,553 $7,860,545 510,460,470 512,900,096 $12,307,786 14,000 14,000 14,070 14,140 14,211 14,282 $331 $269 5559 5740 $908 $862 6/7/2011 1 WATER ENTERPRISE FUND DEBT SERVICE Current Debt LaSalle Bank 1999: 5.65% Interest Rate 2001 Refunding: 3% - 4.4% Interest Rates 2001, 2014, 2018 Amortization New Waterline Debt 1: 5.5 %, $5M New Waterline Debt 2: 5.5 %, $5M Meter Loan Meter Loan Customer Refunds 2016/17 2016/17 2017/18 2017/18 2018/19 2018/19 2019/20 2019/20 2020/21 2020/21 TOTAL INTEREST PRINCIPAL INTEREST PRINCIPAL. INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST 44,459 268,686 29,064 284,081 12,787 300,359 511,866 250,511 11,904 11,904 11,904 11,904 361,134 257,968 114,778 251,656 121,091 244,996 127,751 237,969 134,777 230,557 142,190 2,031,722 275,000 97,747 269,624 103,123 263,952 108,795 257,968 114,778 1,066,545 123,367 167,362 129,535 160,885 136,012 154,085 142,813 146,944 149,953 1,167,212 117,492 173,530 123,387 167,362 129,535 160,885 136,012 154,085 142,813 1,020,268 2,000 2,000 2,000 2,000 20,000 0 11,904 173,530 179,405 2,000 TOTAL PRINCIPAL 1,993,299 2,840,000 0 950,252 424,442 911,071 761,118 0 0 GRAND TOTAL 669 267 624.324 755 822 869,558 796,780 830,796 522,397 803,458 549735 6,429,257 7,880,182 TOTAL DEBT SERVICE 1,293,592 1,666,338 1,666,338 1,353,193 1,353,193 14,309,439 Ratio of Debt Service to Gross Revenue 10.5% 11.9% 12.2% 9.5% 9.2% 10.5% NET REVENUE COVENANT Gross Revenue 13,956,000 Less: Capital Grants 0 Less: Operating Costs (w/ Engineering) - 11,027,774 Add back: Interest 669,000 Net Revenue 3,597,226 Debt Service Ratio (1.20) 1,552,310 Excess 2 044,916 13,709,000 0 - 11,673,345 910,000 2,945,655 1,999,606 946,049 14,206,000 0 - 11,862,973 869,000 3,212,027 1,999,606 1,212,421 14,710,000 0 - 12,245,527 830,000 3,294,473 1,623,831 1,670,642 15,246,000 0 - 12,454,495 803,000 3,594,505 1,623,831 1,970,674 KEY FINANCIAL RATIOS Long -term Debt Net Assets Ratio of Debt to Net Assets Debt Customers Debt Per Customer $16,785,389 $96,054,909 17% $16,785,389 14,282 $1 175 $16,029,567 $96,350,309 17% $15,232,787 $96,688,709 16% $14,710,390 $97,154,709 15% $14,160,655 $97,565,709 15% $16,029,567 $15,232,787 $14,710,390 $14,160,655 14,282 14,354 14,425 14,497 $1 122 $1 061 $1 020 $977 2012 Water - UWMP Meters, same waterlines.xls 6/7/2011 6/7/2011 WATER ENTERPRISE FUND FUTURE RATE FORECAST RESIDENTIAL RATES Year % Change Annual Quarterly Change 2009/10 0.00% 467.88 116.97 2010/11 2.50% 479.60 119.90 2.93 2011/12 0.00% 479.60 119.90 0.00 2012/13 4.00% 498.80 124.70 4.80 2013/14 7.00% 533.72 133.43 8.73 2014/15 5.50% 563.08 140.77 7.34 2015/16 4.00% 585.64 146.41 5.64 2016/17 4.00% 609.08 152.27 5.86 2017/18 4.00% 633.48 158.37 6.10 2018/19 4.00% 658.84 164.71 6.34 2019/20 4.00% 685.20 171.30 6.59 2020/21 4.00% 712.64 178.16 6.86 CONSUMPTION RATE 2009/10 0.00% 2.20 2010/11 2.50% 2.26 2011/12 0.00% 2.26 2012/13 4.00% 2.35 2013/14 7.00% 2.51 2014/15 5.50% 2.65 2015/16 4.00% 2.76 2016/17 4.00% 2.87 2017/18 4.00% 2.98 2018/19 4.00% 3.10 2019/20 4.00% 3.23 2020/21 4.00% 3.36 2012 Water - UWMP Meters, same waterlines.xls USE OR BENEFIT EXPLANATION RANK WATER ENGINEERING - PAGE 1 10 -11 11 -12 12 -13 BUDGET BUDGET BUDGET 13 -14 BUDGET 14 -15 15 -16 16 -17 17 -18 18 -19 19 -20 20 -21 BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET TOTALS METERS 4 000 000 4 000 000 4 000 000 4 000 000 16 000 000 1 TANK COATING 618,000 618,000 2 WATERLINE - WILDWOOD 2 600,000 600,000 1,200,000 3 BIJOU EROSION CONTROL PROJECT 500,000 500,000 9 COLD CREEK BOOSTER 50,000 420,000 420,000 4 EROSION CONTROL PROJECTS (15) 300,000 329,000 350,000 360,000 371,000 382,000 393,000 405,000 417,000 430,000 443,000 3,880,000 8 RALPH TANKS 75,000 260,000 260,000 5 KELLER TANK 232,000 862,000 1,094,000 6 CATHODIC PROTECTION ASSESSMENT 80,000 100,000 100,000 7 EROSION CONTROL PROJECTS (TROUT CR/STATELINE) 100,000 100,000 10 WATER EVALUATIONS - FLAGPOLE, AIRPORT 25,000 50,000 50,000 11 GIS 45,000 40,000 40,000 35,000 35,000 30,000 30,000 30,000 25,000 25,000 335,000 12 AIRPORT WELL ARSENIC TREATMENT 80,000 40,000 40,000 13 ARCFLASH STUDY 20,000 20,000 14 WATER METERS - PHASE I 2,000,000 0 15 WATER METERS - PHASE II 1,800,000 0 16 ECHO VIEW TANK 1,000,000 0 17 ANGORA HIGHLANDS TANK 670,000 0 18 BMP PROJECTS 500,000 155,000 155,000 19 CALTRANS EROSION CONTROL (TROUT CREEK - STATELINE) 350,000 0 20 URBAN WATER MANAGEMENT PLAN 70,000 70,000 70,000 140,000 21 GPS UNITS (2) 20,000 32,000 32,000 22 HYDRO SOFTWARE UPGRADES 7,500 0 23 FIRM SOURCE PLAN 5,000 6,000 6,000 24 BOOSTER STATION GENERATORS & BLDG.:KELLER,DAVID 508,000 508,000 25 REPLACE COPIER 20,000 23,000 43,000 26 REPLACE PLOTTER 25,000 28,000 53,000 27 FIRE HYDRANTS ON SIX -INCH LINES 380,000 380,000 28 WELL DESTRUCTIONS: BR #1, MV, TATA #1, CC 109,000 109,000 29 DATA LOGGERS, MONITORING WELL 14,000 14,000 30 WATERLINE - SIERRA TRACT PROJECT T 1,304,000 1,304,000 31 WATERLINE - SIERRA TRACT PROJECT S 1,310,000 1,310,000 32 WATERLINE - SIERRA TRACT PROJECT P 1,013,000 1,013,000 33 WATERLINE - SIERRA TRACT PROJECT M 1,455,000 1,455,000 34 WATERLINE - BROCKWAY 359,000 • 359,000 35 WATERLINE - TAHOE ISLAND PARK 1,014,000 1,014,000 36 WATERLINE - TAHOE ISLAND PARK PROJECT SS 1,306,000 1,306,000 37 WATERLINE - GLEN ROAD /ROCKY POINT 1,316,000 1,316,000 38 WATERLINE - AL TAHOE PROJECT TT 849,000 849,000 39 WATERLINE - MEYERS 860,000 860,000 40 WATERLINE - BIJOU PROJECT V 1,278,000 1,278,000 41 WATERLINE - BIJOU PROJECT AA 1,318,000 1,318,000 42 WATERLINE - BLACK BART PROJECT 00 1,069,000 1,069,000 43 WATERLINE - BLACK BART PROJECT PP 884,000 884,000 44 WATERLINE - GARDNER MOUNTAIN PROJECT F 0 45 WATERLINE - GARDNER MOUNTAIN PROJECT H 561,000 561,000 46 WATERLINE - BIJOU PROJECT Z 0 47 HWY 50 UTILITY RELOCATIONS 500,000 100,000 100,000 100,000 100,000 400,000 48 49 LOOP LINES /BLOW OFFS 515,000 515,000 TRANSDUCERS: AH,BAKERFIELD,PALOMA,SUNSET 16,000 16,000 SUBTOTALS 7,532,500 3,314,000 7,428,000 6,094,000 4,897,000 7,324,000 2,891,000 2,778,000 2,640,000 2,593,000 2,925,000 42,884,000 4 WATER ENTERPRISE FUND DEBT SERVICE 2010/11 2010/11 2011/12 2011/12 2012/13 2012113 2013/14 2013114 2014/15 2014115 2015/16 2015/16 Current Debt INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL LaSalle Bank 1999: 5.65% Interest Rate 120,809 192,334 109,789 203,357 98,137 215,009 85,817 227,328 72,792 240,354 59,020 254,125 2001 Refunding: 3% - 4.4% Interest Rates 132,564 645,000 106,364 665,000 78,729 695,000 48,808 725,000 16,610 755,000 2001, 2014, 2018 Amortization 56,553 56,553 56,553 56,553 15,873 11,904 New Waterline Debt 1: 5.5 %, $5M 275,000 97,747 269,624 103,123 263,952 108,795 New Waterline Debt 2: 5.5 %, $5M Meter Loan Meter Loan Meter Loan Meter Loan Customer Refunds 205,000 123,995 198,800 130,194 205,000 123,995 2,000 2,000 2,000 2,000 2,000 192,291 198,800 205,000 2,000 136,704 130,194 123,995 GRAND TOTAL 311,926 837,334 274,706 868,357 235,419 910,009 673,178 1,174,070 780,699 1,352,665 932,967 753,813 TOTAL DEBT SERVICE 1,149,260 1,143,062 1,145,428 1,847,247 2,133,364 1,686,780 Ratio of Debt Service to Gross Revenue 11.3% 6.5% 8.3% 14.2% 17.4% 10.8% NET REVENUE COVENANT Gross Revenue 17,540,692 Less: Capital Grants - 7,225,692 Less: Operating Costs (w/ Engineering) - 9,053,242 Add back: Interest 311,000 Net Revenue 1,572,758 Debt Service Ratio (1.20) 1,379,112 Excess 193,646 13,833,000 - 3,245,000 - 9,240,261 274,000 1,621,739 1,371,675 250,064 13,019,000 0 - 9,364,162 235,000 3,889,838 1,374,514 2,515,324 12,284,000 0 - 10,206,667 673,000 2,750,333 2,216,697 533,636 15,635,000 0 - 10,544,656 780,000 5,870,344 2,560,037 3,310,307 13,264,000 0 - 11,085,553 932,000 3,110,447 2,024,136 1,086 311 KEY FINANCIAL RATIOS Long -term Debt Net Assets Ratio of Debt to Net Assets Debt Customers Debt Per Customer $4,638,910 $84,833,309 5% $4,638,910 14,000 $331 $3.770,553 $90,413,409 4% 2012 Water - 4 yrs of meter debt, same watertines.xis $11,860,545 $94,804,409 13% $14,686,475 $98,085,109 15% $17,333,810 $103,435,909 17% $3,770,553 $11,860,545 $14,686,475 $17,333,810 14,000 14,070 14,140 14,211 $269 6843 $1 039 $1,220 $20,579,997 $104,287,209 20% $20,579,997 14,282 $1,441 6/7/2011 6/7/2011 WATER ENTERPRISE FUND DEBT SERVICE 2016/17 2016/17 2017/18 2017/18 2018/19 2018/19 2019/20 2019/20 2020/21 2020/21 TOTAL TOTAL Current Debt INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL LaSalle Bank 1999: 5.85% Interest Rate 44,459 268,886 29,064 284,081 12,787 300,359 511,866 1,993,299 2001 Refunding: 3% - 4.4% Interest Rates 250,511 2,840,000 2001, 2014, 2018 Amortization 11,904 11,904 11,904 11,904 11,904 361,134 0 New Waterline Debt 1: 5.5 %, $5M 257,968 114,778 251,856 121,091 244,996 127,751 237,969 134,777 230,557 142,190 2,031,722 950,252 New Waterline Debt 2: 5.5 %, $5M 275,000 97,747 269,624 103,123 263,952 108,795 257,968 114,778 1,066,545 424,442 Meter Loan 185,455 143,539 178,278 150,716 170,743 158,252 162,830 166,165 154,522 174,473 1,447,919 1,184,038 Meter Loan 192,291 136,704 185,455 143,539 178,278 150,716 170,743 158,252 162,830 166,165 1,293,397 1,009,565 Meter Loan 198,800 130,194 192,291 136,704 185,455 143,539 178,278 150,716 170,743 158,252 1,130,567 843,401 Meter Loan 205,000 123,995 198,800 130,194 192,291 136,704 185,455 143,539 178,278 150,716 959,825 685,148 Customer Refunds 2,000 2,000 2,000 2,000 2,000 20,000 0 0 0 1,097,878 917,897 1,324,448 1,064,073 1,268,077 1,120,444 1,213,132 862,244 1,168,802 906,574 9,073,484 9,930,146 GRAND TOTAL TOTAL DEBT SERVICE 2,015,775 2,388,522 2,388,522 2,075,376 2,075,376 19.003 630 Ratio of Debt Service to Gross Revenue 15.2% 15.9% 16.1 % 13.5% 13.0% 13.1 °A) NET REVENUE COVENANT Gross Revenue 15,029,000 Less: Capital Grants 0 Less: Operating Costs (w/ Engineering) - 11,455,774 Add back: Interest 1,097,000 Net Revenue 4,670,226 Debt Service Ratio (1.20) 2,418,930 Excess 2,251,296 14,838,000 0 - 12,087,345 1,324,000 4,074,655 2,866,226 1,208,430 15,392,000 0 - 12,261,973 1,268,000 4,398,027 2,866,226 1,531,801 15,959,000 0 - 12,628,527 1,213,000 4,543,473 2,490,451 2,053,022 16,562,000 0 - 12,819,495 1,168,000 4,910,505 2,490,451 2,420,054 KEY FINANCIAL RATIOS Long -term Debt Net Assets Ratio of Debt to Net Assets $24,717,753 $23,653,679 $22,533,235 $21,670,991 $20,764,417 $104,754,909 $105,050,309 $105,388,709 $105,854,709 $106,265,709 24% 23% 21% 20% 20% Debt $24,717,753 $23,653,679 $22,533,235 $21,670,991 $20,764,417 Customers 14,282 14,282 14,354 14,425 14,497 Debt Per Customer $1,731 $1,656 61 570 $1,502 $1,432 2012 Water - 4 yrs of meter debt, same waterlines.xls 6/7/2011 WATER ENTERPRISE FUND FUTURE RATE FORECAST RESIDENTIAL RATES Year % Change Annual Quarterly Change 2009/10 0.00% 467.88 116.97 2010/11 2.50% 479.60 119.90 2.93 2011/12 0.00% 479.60 119.90 0.00 2012/13 10.00% 527.56 131.89 11.99 2013/14 6.00% 559.24 139.81 7.92 2014/15 5.00% 587.24 146.81 7.00 2015/16 4.00% 610.76 152.69 5.88 2016/17 4.00% 635.20 158.80 6.11 2017/18 4.00% 660.64 165.16 6.36 2018/19 4.00% 687.08 171.77 6.61 2019/20 4.00% 714.60 178.65 6.88 2020/21 4.00% 743.20 185.80 7.15 CONSUMPTION RATE 2009/10 0.00% 2.20 2010/11 2.50% 2.26 2011/12 0.00% 2.05 2012/13 10.00% 2.26 2013/14 6.00% 2.39 2014/15 5.00% 2.51 2015/16 4.00% 2.61 2016/17 4.00% 2.72 2017/18 4.00% 2.83 2018/19 4.00% 2.94 2019/20 4.00% 3.06 2020/21 4.00% 3.18 2012 Water - 4 yrs of meter debt, same waterlines.xls