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2002 05-02 Public HearingSOUTH TAHOE PUBLIC UTILITY DISTRICT "Basic Services for a Complex World" Duane Wallace, President BOARD MEMBER James R. Jones, Vice President PUBLIC HEARING OF THE BOARD OF DIRECTORS SOUTH TAHOE PUBLIC UTILITY DISTRICT MAY 2, 2002 MINUTES The Board of Directors of the South Tahoe Public Utility District held a Public Hearing, May 2, 2002, 7:00 P.M., City Council Chambers, 1900 Lake Tahoe Boulevard, South Lake Tahoe, California. BOARD OF DI.RECTOR$: President Wallace, Directors Becker, Jones, Schafer, Mosbacher. ROLL CALL STAFF: Baer, Solbrig, Sharp, McFarlane, Cocking, Coyner, Henderson, Metz, Nolan, M. Alsbury, Donovan, Attorney Kvistad GUESTS: John Cefalu, Susan Wood/Tahoe Daily Tribune, Barney Mosbacher 7':00 P.M. PUBLIC HEARING This Public Hearing was held to gather public input. Meeting notices were published in the Tahoe Daily Tribune on April 11 and 26. 2002/03 FISCAL YEAR BUDGETS: SEWER ENTERPRISE FUND AND WATER ENTERPRISE FUND, PUBLIC HEARING MINUTES - MAY 2, 2002 PAGE - 2 President Wallace opened the Public Hearing at 7:00 p.m. Rhonda McFarlane and Richard Solbrig gave an over- head slide presentation reviewing the 2002~03 Fiscal Year Budgets for the Sewer and Water Enterprise Funds. Planned expenditures and revenues were explained. McFarlane answered questions from John Cefalu during the course of the presentation. President Wallace opened the hearing for Public Comments at 8:20 p.m. John Cefalu commented and/or received clarification regarding the following topics: 1) MTBE settlements and related legal costs; 2) Budgeting, construction, and use of the access road to Al Tahoe Boulevard; 3) Funding for depreciation; 4) Proposed rate increases are successful due to the apathetic nature of this community; 5) Relayed his objection to any rate increases. Director Schafer stated the budget is based on a projected increase in operating costs. He pointed out that the District is taking a prudent course, and at the same time, attempting to make it manageable for the community. The environment is heavily regulated and a spill would be costly. Director Mosbacher commented that an increase is needed since the state and federal government continue to mandate regulations that are unfunded. For example, Lahontan is requiring that TMDLs (Total Daily Maximum Loads) be monitored. If contaminants are found, they must also be addressed. The District must fund these requirements. Director Jones stated if suppliers would keep their costs down, the District could too. Depreciation needs to be funded. Rates are not increasing at the same pace as other utilities. The District chose to implement small rate increases over time. President Wallace stated when he became a Board Member in 1991, the District was in poor financial shape. Thanks to prudent fiscal management by the Board and staff, it is now Open Hearing Staff Report Public Comments Board Member Comments PUBLIC HEARING MINUTES - MAY 2, 2002 PAGE - 3 doing well. Rates were raised for infrastructure improvements and to contend with problems posed by MTBE, but the public was told there would be an end to the rate increases. Wallace feels the District has sufficient funds and does not support rate increases this year. 8:45 P.M. 8:45 P.M. Board Member Comments (con't.) Close Public Hearing ADJOURNMENT Duane Wallace, Board President South Tahoe Public Utility District ATTEST:~~__~ ~_~,~/'~ .~_ Kathy Shar~lerk of the Bbard South Tahoe Public Utility District SOUTH TAHOE PUBLIC UTILITY DISTRICT WELCOME May 2, 2002 SOUTH TAHOE PUBLIC UTILITY DISTRICT 2002/03 BUDGET AND LONG TERM FINANCIAL PLANS A SOUND DISTRICT BUDGET PROVIDES FINANCIAL MEANS TO: · Operate Safe and Reliable Water and Wastewater Systems · Protect Lake Tahoe's Environment · Allocate Our Resources Prudently · Be Accountable to Our Customers SEWER ENTERPRISE FUND 3 4 SEWER ENTERPRISE FUND 2002/03 Budget Proposal · Rate Adjustment: Overall Up 2% · RevenueS13.8 Million · Operating Costs $10.2 Million + $3.9 Million for Depreciation =$14.1 Million · Infrastructure Projects $10.4 Million · Debt Service $944,000 REVENUE SEWER BUDGET 2002/03 Funding Sources IConnection IntereSt & Other 5% l PropertyTaxeS29% ] SEWER ENTERPRISE FUND REVENUE · Up in Total $278,000 · Property Taxes up $205,000 · Service Charges up $204,000 · Grant Funds up $260,000 · Interest Income down $270,000 · Connection Fees down $118,000 Typical Residential Customer · $72.43 Per Quarter · Monthly Change 47 Cents · 2% Adjustment Other Customer Classes · Commercial 2.9% · Motel/Hotel 1.4% · Restaurant 2.9% · Trailer/Mobile Home Park 1.3% 9 10 2002/03 QUARTERLY SEWER SERVICE FEES NoAh Tahoe Incline Village Kingsbury 2002/03 QUARTERLY SEWER SERVICE FEES South Tahoe P.U.D. Compared to State South Tahoe California 11 12 SEWER ENTERPRISE FUND Recommended Borrowing · Alpine County Master Plan $12.2 Million · 20-Year Debt Service $933,150 SEWER ENTERPRISE FUND 2002/03 Proposed Spending ~ DebtService4% j [ Salaw & Benefits 25°/_~J I Maintenance&Operations23%I ]3 14 SEWER ENTERPRISE FUND CAPITAL PROJECTS Presented by Richard Solbrig Assistant Manager/Engineer SEWER ENTERPRISE FUND 2002/03 Capital Outlay $9.5 Million · Export Pipeline $2.2 Million · Section B - LPPS to USFS Campground (2003 building season) 15 16 EXPORT PIPELINE MAP El Dorado Co LEGEND STPUD "C" line A~pmc Co Service Area Douglas Co 17 SEWER ENTERPRISE FUND 2002/03 Capital Outlay $10.4 Million · WWTP Improvements $5.2 Million · Sludge Handling Facility · New Sludge Storage Tank · Covers for Primary Clarifiers #1 & #2 · Wildwood Sewage Interceptor $500,000 · Plant SCADA System $260,000 · Replace Utility Billing Software $157,000 18 SEWER ENTERPRISE FUND 2002/03 Capital Outlay $10.4 Million · Rebuild Johnson Pump Station $145,ooo · Recoat Small Tank at LPPS $100,000 · GIS Implementation $94,000 · Engineering Staff & Expenses $568,000 SEWER ENTERPRISE FUND Salary & Benefits · Up 2.9% · Wages up $100,000 · Positions up ¼ FTE (60% Sewer/40% Water) · Step raises and COLAs for existing employees · Benefits costs up $50,000 19 2O SEWER BUDGET MAINTENANCE & OPERATIONS GOAL: DECREASE 2~----- BUDGET BY 2°/o~V · M&O Budget Down $76,000 · Natural Gas Costs ($140,000) · UR Pipes/Covers/Manholes ($100,000) · Alpine County Monitoring Expense $45,000 · Alpine CO. Land Taxes $54,000 · Grant Coordinator $23,000 · Other Net Increases $42,000 SEWER ENTERPRISE FUND 1994 to 2003 Operating Costs Excluding Depreciation $12,000,000 - $10,000,000 · ~ $6,000,000 $4,000,000 ,$2,000,000 0 [] 1994 [] 1994 CPI& Volume Adjusted [] 2003 21 22 SEWER ENTERPRISE FUND Controlling Costs 1994 to 2003 Operating Costs Excluding Depreciation $7,000 - $6.000 1,487 MG 1;696MG $5,ooo · $4.ooo - $3,ooo $2.000 .. $1.ooo 0 [] 1994 [] 2003 [] 1994 CPi Adjusted SEWER ENTERPRISE FUND FIVE YEAR FORECAST 23 24 EXPORT PIPELINE Sections A and B Within Tahoe Basin $36 Million Project · Prior to the New Fiscal Year · $30 million spent · All $10.6 million in federal funding received · District's remaining obligation for matching $5.6 million SEWER ENTERPRISE FUND CAPITAL PROJECTS Five Years Ending June 30, 2007 2002/03 $10,396,000 2003/04 6,353,000 2004/05 4,933,000 2005/06 3,076,000 2006/07 4,540,000 Total $29,298,000 25 26 SEWER ENTERPRISE FUND CAPITAL PROJECTS Five Years Ending June 30, 2007 PlantJSystems Upgrade $15,~ 10,000 Bldg./Grounds $234,000 HeaVY Eq~VehicJes various Equipment Sl,318,000 ] Stations $3,635,000] 2? SEWER ENTERPRISE FUND CAPITAL PROJECTS Five Years Ending June 30, 2007 · Changes From Last Forecast · New Headquarters Building Changed to the Water Enterprise Fund · Plant improvements $3.5 million ~ Primary Building Rehab, Filter Replacement/Rehab, Plant SCADA Equipment, Sludge Storage Tank 28 SEWER ENTERPRISE FUND CAPITAL PROJECTS Five Years Ending June 30, 2007 · Changes From Last Forecast · Alpine County Master Plan Projects $6.5 Million ,-General Implementation, Harvey Place Emergency Storage Ponds, Diamond Ditch Waterfall Pipeline, Wetland Infiltration Basin, Snowshoe Thompson Pipeline · Wildwood Interceptor $1 Million · Pump Station Force Main Rehab $800,000 29 SEWER ENTERPRISE FUND FUNDING SOURCES FOR CAPITAL PROJECTS Connection Fees 20% Service Charges 30% I Interest & Other 1, Capital Reserves 14% 30 SEWER ENTERPRISE FUND PROJECTED RATES Five Years Ending June 30, 2007 · Consistent With Previous Forecast 31 PROJECTED SEWER RATES FIVE YEAR CHART Quarterly YEAR RATE CHANGE ' 2% 2002/03 72.43 1.41 2003/04 ' 73.89 1.46 2004t05 , ,; , ~: ~ 75.37 1.48 2005/06 : ' - 76.88 1.51 2006/07 '' , ' 78 41 1,53 Typical Single Family Home with Three Sewer Units. 32 SEWER ENTERPRISE FUND Capital Reserves · Projected for 2007:$8 Million · Capital Reserves are Needed for Additional Export Pipeline Replacement in 2020 ~ 62% of Annual Needed Savings WATER ENTERPRISE FUND 33 34 WATER ENTERPRISE FUND 2002/03 Budget Proposal · Revenue $9.5 Million · Operating Costs $5.3 Million + Depreciation $1 Million = $6.3 Million · Debt Service $1.3 Million · Infrastructure Projects $5.3 Million · 2% Overall Rate Adjustment 35 REVENUE 36 WATER BUDGET 2002/03 Funding Sources Service I CaCtal Improvements 15% Interest & Other 12%] Connection Fees 2%~ WATER ENTERPRISE FUND REVENUE · Up $869,000 · Rate adjustment adds $146,000 · Interest income up $687,000 · Grant funding down $59,000 37 38 WATER ENTERPRISE FUND REVENUE · Grant Funding · County Water Agency $185,000 · Tahoe Restoration Act $485,000 RESIDENTIAL CUSTOMERS Water Rate · $99 New Quarterly Rate · 2% Adjustment · Change Amounts to 65 Cents per Month · Adjustment Based on Cost of Service Calculation 39 4O COMMERCIAL CUSTOMERS Water Rates · Change Based on Cost of Service · 1% to 3% 2002/03 QUARTERLY WATER SERVICE FEES 250.00 - 200.00 - 150.00 - 100.00 - 50.00 - 0 InclineVillage Cave Rock South Tahoe Nor[h Tahoe Kingsbury 4! 42 2002/03 QUARTERLY WATER SERVICE FEES South Tahoe P.U.D. Compared to State 80.00 - 60.00 - 40.00- 0 South Tahoe California 43 WATER ENTERPRISE FUND 2002~03 Proposed Spending Capital 44%] L SalarY & Benefits 24% Debt Service t t%] 44 WATER ENTERPRISE FUND CAPITAL PROJECTS More From Richard Solbrig Assistant Manager/Engineer 45 WATER ENTERPRISE FUND 2002/03 Capital Outlay $5.3 Million · MTBE Projects $1.6 Million · So. Y Treatment, Tahoe Restoration Act Project, Geophysical Exploration · Waterlines Highway 50 $1.1 Million · Winnemucca to Y & San Jose to Bigler · Other Waterlines $299,000 · at Longs · Cedar Avenue · So.Y · Carson Avenue 46 WATER ENTERPRISE FUND 2002/03 Capital Outlay $5.3 Million · Tanks $650,000 · Gardner Mountain #1 · Keller · Echo View · Road to Al Tahoe Boulevard/ Headquarters Building Planning $600,000 · Re-drill Glenwood Well $100,000 · Engineering Staff $384,000 4? WATER ENTERPRISE FUND Salary & Benefits · Up 4% · Benefits costs up $36,000 · Wages up $73,000 ,- ¼ FTE (40% Water/60% Sewer) · Other increases from step raises and COLAs 48 WATER BUDGET MAINTENANCE & OPE~ GOAL: INCREASE EQUAL~ir~/ · ~.50% INCREASE $'158,000'"' · State Mandate for Water Operator Certifications $61,000 · Chemical Supplies for Arrowhead MTBE Treatment System $20,000 · USFS Order to Destroy Infiltration Gallery and Spring at Iroquois Tank $20,000 · Federal Mandate for New Contaminant Monitoring $30,000 · Grant Coordinator $14,500 · All Other $12,500 Net WATER ENTERPRISE FUND O 0 Controlling Costs 1994 to 2003 )erating Costs Excluding Depreciation [] 1994 CPI&Volume Adjusted 49 50 WATER ENTERPRISE FUND Controlling Costs 1994 to 2003 O')erating Costs Excluding Depreciation Z271~G ~592MG 2,592 - $2,500 $2,000 $1,500 $1,o0o [] 1994 [] ~008 [] 19940PIAdjusted WATER ENTERPRISE FUND FIVE YEAR FORECAST 51 52 MTBE · Future Costs At Least $33 Million (Boyle Interim Water Master Plan) · Costs to Date $9.1 Million + Litigation Expenses/Fees · Success with the MTBE Lawsuit Has Provided $33 Million in Settlements (Before Litigation Costs) · Jury Trial Outcome May Provide Additional Resources 53 OUT OF POCKET DAMAGES 20,000,000 15 000 000 ' 10,000,000 5,000,000 12/98 6/99 6/006/01 1/1102 200;3 2004 2005 2006 2007 [] Overhead [] Other [] Interest [] Contractor [] Professional Fees [] Labor 54 WATER ENTERPRISE FUND CAPITAL PROJECTS Five Years Ending June 30, 2007 2002/03 $ 5,258,000 2003/04 5,018,000 2004/05 6,089,000 2005/06 4,299,000 2006/07 3,270,000 Total $23,934,000 55 WATER ENTERPRISE FUND CAPITAL PROJECTS Five Years Ending June 30, 2007 [ Water Resources $9,300,000 56 WATER ENTERPRISE FUND CAPITAL PROJECTS Five Years Ending June 30, 2007 · Changes From Last Forecast · Waterlines up $1.1 Million · Cornelian Booster Station $400,000 · Arsenic Treatment $5.5 Million · MTBE Treatment So. Y $2 Million · Tahoe Restoration Project $485,000 · Shift of Road/Headquarters Building from the Sewer Fund $4.1 Million 5? WATER ENTERPRISE FUND FUNDING SOURCES FOR CAPITAL PROJECTS Capital Improvement Fee 30% ConnectionFees4% PROJECTED WATER RATES FIVE-YEAR CHART Quarterly 2002/03 : ~ : $99.00 ~ $1.95 2003/04: $101.00 ~ $2;00 $103.00;: :$2.00 2005/06 $105.05 $2.05 12006107 : $107:15 : $2,10 WATER ENTERPRISE FUND Capital Reserves · Segregated Between General Funds & MTBE Remediation Fund · $7.9 Million Projected for 2007 ~ of that $6.1 Million Remediation Fund · $1 Million Contingent Obligation to the State for Sher Funding · Future MTBE Sites to Address: Paloma Well, Country Club Well, and Bakersfield Well 60 WATER ENTERPRISE FUND Reserves · Recommendation to Pass Ordinance Restricting MTBE Remediation Funds ,Timing May 16, 2002 Board Meeting ~Allows Funds to Be Separately Segregated on the Financial Statements ,Sends a Clear Message that MTBE Funds are for the MTBE Contamination Costs ~ Requires Public Input for Future Changes to the Ordinance PROPOSED RATE CHANGE · How Will the Proposed Rate Change Look on our Customer's Quarterly Bill? d! 62 CURRENT BILL 2002 2003 BILL - PROPOSED RATES 63 64 2003 BILL: PRIOR FINANCIAL PLAN 65 2002/03 PROPOSED BUDGET Sewer & Water Combined · Revenues $23 Million · Operating Costs $16 Million · Depreciation $5 Million · Debt Service $2.3 Million · New Borrowing $12.2 Million · Capital Spending $16 Million , Grant funded $745,000 66 SUMMARY 2002/03 Budget · Rate Adjustments of 2% for Both Sewer & Water · Operating Costs Excluding Depreciation Up 3.6% · 42% of the Change is from Interest Expense (Without the Alpine County Borrowing Costs Are Up 2.1%) Thank You THE END 67 68 0 0 Z