2003 04-17SOUTH TAHOE PUBLIC UTILITY DISTRICT
"Basic Services for a Complex World"
Richard Intedm General Ma
James R. Jones, President BOARD MEMBER Edc Schafer, Vice President
REGULAR MEETING OF THE BOARD OF DIRECTORS
SOUTH TAHOE PUBLIC UTILITY DISTRICT
APRIL 17, 2003
MINUTES
The Board of Directors of the South Tahoe Public Utility District met in a regular session, April 17,
2003, 2:00 P.M., City Council Chambers, 1900 Lake Tahoe Boulevard, South Lake Tahoe, California.
BOARD OF DIRECTORS:
President Jones, Directors Wallace, Schafer, Mosbacher.
Director Becker was absent.
ROLL CALL
STAFF:
Solbrig, Sharp, McFarlane, Cocking, Schroeder, Hoggatt,
Henderson, Attorney Kvistad.
GUESTS: Dave Galicia/G.B. General Engineering
Moved Schafer / Second Mosbacher / Becker Absent /
Passed to approve the Consent Calendar as submitted:
CONSENT CALENDAR
Trench Paving and Patch Paving for 2003 Calendar
Year - (1) Awarded trench paving bid to the lowest
responsive, responsible bidder, Pederson Underground,
in an estimated amount of $32,000; and (2) Awarded
asphalt patch paving bid to the lowest responsive,
responsible bidder, G.B. Construction, in an estimated
amount of $102,000;
REGULAR BOARD MEETING MINUTES - APRIL 17~ 2003 PAGE - 2
Johnson Sewer Pump Station Upgrade -Authorized
staff to advertise for bids for a new generator set to
be used as a backup power supply;
2003 Customer Satisfaction Survey - Authorized
execution of letter of engagement with Meta
Research, Inc. in the amount of $27,775;
2003~2004 California Legislative Advocacy -
Authorized execution of contract with Lynn M. Suter
and Associates in amount of $25,666.67;
e. Approved Regular Board Meeting Minutes:
April 3, 2003.
CONSENT CALENDAR
(continued)
ITEMS FOR BOARD ACTION
Director Mosbacher disqualified herself from participation
in this item per a previously disclosed potential conflict of
interest. She did not read the material associated with this
agenda item, and she left the room while it was being
discussed and voted on.
B-LINE REPLACEMENT: PHASE 3
REPLACEMENT PROJECT
The U.S. Forest Service (USFS) staff has been working on
the EIR/EIS and associated studies for the project under a
collection agreement, which is essentially a time and materials
contract. The previously approved amount has been expended
(used not only for B-line Phase 3, but previous projects
requiring Special Use Permits, such as Gardner Mountain
Tank No. 2 and associated waterline). Additional funding is
necessary to allow the USFS to continue working on the
project in a timely fashion.
A discussion took place regarding the mitigation requirement
conceming old growth forests.
Moved Schafer / Second Wallace / Mosbacher Abstained /
Becker Absent / Passed to approve Amendment No. I to
USFS Collection Agreement in the amount of $5,975.
Moved Schafer / Second Wallace / Becker Absent /
Passed to approve payment in the amount of
$688,588.18.
PAYMENT OF CLAIMS
REGULAR BOARD MEETING MINUTES -APRIL 17~ 2003 PAGE -3
Finance Committee: The committee will meet April 24.
General Mana,qer Recruitment Ad Hoc Committee:
The committee met April 17.
Director Wallace reported he has been appointed interim
general manager of the agency until the general manager
position is filled. He has delegated duties to the former
general manager, Bill Hetland.
Board members discussed the level of participation
the District should devote to this Board. They also
discussed establishing a zone in order to allow the
District to control its own tax revenues.
Director Mosbacher reported on her attendance at the
Upper Truckee River Watershed Group meeting where
topics of discussion included: projects planned at the
Country Club, beavers, and past and future restoration
plans.
President Jones reported the new energy bill passed
in the House of Representatives. This bill proposes to
to ban MTBE, increase the use of ethanol, and provide
a safe harbor to protect MTBE polluters from lawsuits.
The District has sent letters to legislators urging opposition
against the passage of this bill.
Interim General Manager: Richard Solbrig reported on
two items:
1) The Union is scheduled to vote on the CalPERS
proposal April 30.
2) A meeting regarding the access road (from the VVVVTP
to Al Tahoe Boulevard) will be held April 18 with District,
California Tahoe Conservancy, City of South Lake Tahoe,
and STAR representatives.
3:20 P.M.
4:03 P.M.
BOARD MEMBER STANDING
COMMITTEE REPORTS
BOARD MEMBER AD HOC
COMMITTEE
EL DORADO COUNTY WATER
AGENCY PURVEYORS
REPRESENTATIVES REPORT
BOARD MEMBER REPORTS
INTERIM GENERAL MANAGER /
STAFF REPORTS
ADJOURNED TO CLOSED
SESSION
RECONVENED TO REGULAR
SESSION
REGULAR BOARD MEETING MINUTES -APRIL 17, 2003 PAGE- 4
ACTION I REPORT ON ITEM DISCUSSED DURING CLOSED SESSION
No reportable Board action.
No reportable Board action
No reportable Board action
No reportable Board action.
No reportable Board action
Pursuant to Government Code
Section 54956.95/Conference with
Legal Counsel Regarding Claim
Received from James and Millie
Russ, APN 18-270-11
Pursuant to Government Code
Section 54956.(a)/Conference with
Legal Counsel - Existing Litigation:
STPUD vs. John Breese Mumford,
et al., El Dorado County Superior
Court Case No. SC20020030
Pursuant to Government Code
Section 54956(a)/Conference with
Legal Counsel - Existing Litigation:
STPUD vs. F. Heise Land & Live
Stock Company, Inc., William
Weaver, Eddie R. Snyder, Crockett
Enterprises, Inc., ClV S-02-0238
MLS JFM United States District
Court for the Eastern District of
California, Sacramento, CA
Pursuant to Government Code
Section 54956.9(c)/Conference with
Legal Counsel - Anticipated
Liti.qation {one case)
Pursuant to Government Code
Section 54956.9(a)/Conference with
Legal Counsel - Existing Litigation
re: Meyers Landfill Site: United
States of America vs. El Dorado
County and City of South Lake
Tahoe and Third Party Defendants,
Civil Action No. S-01-1520 LKK
GGH, United States District Ceurt
for the Eastem District of Ca.
REGULAR BOARD MEETING MINUTES -APRIL 17~ 2003 PAGE
No reportable Board action
No reportable Board action
No reportable Board action.
4:05 - 6:00 P.M.
A presentation was planned to present information
and gather input from the public. Since no public
attended, Rhonda McFarlane gave a brief summary
of the budget and long-term financial plans.
6:25 P.M.
Pursuant to Government Code
Section 54957.6(a)/Conference with
Legal Counsel - Existing Litigation:
STPUD vs. Lakeside Park
Association, et al., County of El
Dorado, Superior Court Case
No. SC20010165
Pursuant to Government Code
Section 54956.6(a)/Conference with
Labor Negotiators: Agency
Negotiators - Board of Directors;
Employee Organization -
Represented and Unrepresented
Employees
Pursuant to Government Code
Section 54957/Public Employee
Employment: Position of General
Manager
MEETING BREAK
6:00 P.M. PUBLIC MEETING:
2003/04 PROPOSED BUDGET AND
TEN-YEAR FINANCIAL PLAN
ADJOURNMENT
S~th Tahoe Public I~flity District
kathy sharp/~ler~f the Bo~/ra
South TahoE Public Utility District
April17,2003
SOUTH TAHOE
PUBLIC UTILITY DISTRICT
WELCOME
SOUTH TAHOE
PUBLIC UTILITY DISTRICT
2OO3/O4
BUDGET AND LONG-TERM
FINANCIAL PLANS
2
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
3
SOUTH TAHOE
PUBLIC UTILITY DISTRICT
District-Wide Changes
· New Cost-Sharing Allocation
· Shared Costs are Now Split Equally
· Prior Cost Split was 60% Sewer and
40% Water
· New Interest Rate Return on
Investments.
· The Rate is Now 3.5%; Last Year it was
4%.
4
SOUTH TAHOE
PUBLIC UTILITY DISTRICT
Salary & Benefits
[SewerEnrpdse Salaries I Benefits I Total I PrlorYear I Chan~e
$3.885,901 / $1,410,000 I $5,295.901 I $5237775 [ $58,126
~Water Enterprise$2.392,526 $881.825I $3274,351~ S2 616.000 [ 5458,351
[TOTAL $6.278,427 $2.291.825 [ $8,570252[ $8,053,775 I $516,477
PERCENT 6.4%
· Cost of Living Change
· Compensation Equity Adjustments
· Funding for Self-Insured Medical
Program
· One Position Eliminated
SOUTH TAHOE
PUBLIC UTILITY DISTRICT
Maintenance & Operations
f Fund I Sewer I Water I Total I Prior Year I Change
'Professional ServicesI $425,050 I$427,550 [$852,600 ~$814,405 ~$38,195~
Insurance t $120,000 I $88,500 [$208,500 [$203,400 [$5,1o0 J
Chemicals ! $261,850 I $60,850 [$322,700 [$305,750 [$16,950 I
Repair& Maintenanc~ $689,775 ~$661,525 [ $1 351,300 [ $1,385,400 [ IS34. t00]1
Monitoring ! $75,000 I$145 000 [$220,000 [$352,500 [ f~132500~
Travel/TrainingJ $121,525 ~$101,500 [$223,025 [$266,275 [
Utiitie3 ~ $1,689,675 ~ $662,575 [$2,352 250 [ $2 457 950 [ ~'~105
Other [ $1,394,800 [ $572,625 [$1,96712.25 [ $116901670 [
TOTAL ~ $4,777,475 [ $2,720 125 [ $7 497,600 [ $7 476,350 [ $21,250J
PERCENT .3%
5
SOUTH TAHOE
PUBLIC UTILITY DISTRICT
Maintenance & Operations
· Natural Gas Costs ($129,000)
· Electricity 60,000
· Refuse (22,000)
· Bio-Solids/Odor Control 109,500
· Training/Travel (43,250)
· Ground Water Mgmt (140,500)
· Small Water Meters (20,000)
SOUTH TAHOE
PUBLIC UTILITY DISTRICT
Maintenance & Operations
· Grease Management ($25,000)
· Equipment Repair
Temporary Help 16,600
· Election Expense 19,000
· Tahoe Restoration Act 130,000
· RDA Tax Transfer 70,000
· CTS Mitigation 22,250
· Other (31,350)
SEWER ENTERPRISE FUND
SEWER ENTERPRISE FUND
2003/04 Budget Proposal
· Keep Present Rates - No Increase
· Revenue $14.5 Million
· Operating Costs $10.1 Million
+ $3.9 Million for Depreciation
=$14 Million
· Infrastructure Projects $11.1 Million
· Debt Service $948,000
l0
SEWER ENTERPRISE FUND
2003/04 Proposed Spending
Debt serVice 4% I
I Salar~ & Benefits 24%
Maintenance 8, OPerations 22%I
SEWER ENTERPRISE FUND
CAPITAL PROJECTS
Presented by
Richard Solbrig
Interim General Manager
SEWER ENTERPRISE FUND
2003/04 Capital Outlay $11.1 Million
· Export Pipeline $2.2 Million
· Section B - LPPS to USFS Campground
(2004 building season)
EXPORT PIPELINE MAP
El Dorado Co
LEGEND
STPUD
Service Area
"C" line
Dougl~ Co
Alpine Co
13
14
SEWER ENTERPRISE FUND
2003/04 Capital Outlay $11.1 Million
· Complete WWTP Improvements
$4.3 Million
· Sludge Handling Facility
· New Sludge Storage Tank
· Covers for Primary Clarifiers #1 & #2
SEWER ENTERPRISE FUND
2003/04 Capital Outlay $11.1 Million
· Alpine County Recycled Water
Facilities $1.6 Million
· Recycled Water Master Plan
· Project Implementation
· Ditch Improvements
· Pipe Snowshoe Thompson Ditch
15
16
SEWER ENTERPRISE FUN D
2003/04 Capital Outlay $11.1 Million
· Gardner Mountain Pump Station
$850,000
· Wildwood Interceptor $800,000
· Add Al Tahoe Pump Station Pump
and VFD & Paving $150,000
· IFAS Software Conversion $170,000
· Engineering Staff & Expenses
$477,000
l?
REVENUE
SEWER BUDGET
2003/04 Funding Sources
I Connection Fees 4%
PropertyTaxes 17%
Interest & Other 2%
rvice Fees 31% [
Borrowing 46%]
SEWER ENTERPRISE FUND
Recommended Borrowing Postponed
from 2002/03
· Alpine County Master Plan
$12.2 Million
· 20-Year Debt Service $941,000
2O
SEWER BUDGET
2003/04 Revenue
Connection Fees
Property Taxes 30%J
2]
SEWER ENTERPRISE FUND
REVENUE
· Up in Total $726,000 · Property Taxes up $428,000
· Connection Fees up $457,000
· Service Charges up $86,000
· Grant Funds down ($135,000)
· Interest Income down ($110,000)
22
TYPICAL RESIDENTIAL CUSTOMER
· $72.42 Per Quarter
· No Change
2003/04 QUARTERLY
SEWER SERVICE FEES
North Tahoe J i
Tahoe City
South Tahoe
Incline Village Kingsbury
23
24
2003/04 QUARTERLY SEWER
SERVICE FEES
So.Tahoe P.U.D. Compared to
State Averages
South Tahoe California
SEWER ENTERPRISE FUND
Controlling Costs 1@95 to 2004
Operating Costs Excluding Depreciation
$7,000
$6,000
$8,000
$4,000
$3,000
$2,000
$1,000
0
COST/MG
[] 1995 [] 2004 [] 1995 CPI Adjusted
25
26
SEWER ENTERPRISE FUN D
1995 to 2004
Operating Costs Excluding Depreciation
$12,000,000
$10,000,000
$8,000,000
$6,000,000
$4,000,000
$2,000,000
0
TOTAL
[] 1995 [] 2004
[] 1995 CPI & VotumeAdjusted
27
SOUTH TAHOE
PUBLIC UTILITY DISTRICT
Lo'ng-Rang~ Forecasts
District-Wide Changes
· Now Ten-Year Forecasts
· Financial Planning to June 30, 2013
· Assumed New Building Allocation
Rules Decrease Allocations by 50%
Beginning in Year 2006
· Reduces Connection Fees
· Reduces Service Charge Revenue
· Impact: Sewer $500,000 per year &
Water $100,000 per year
28
SOUTH TAHOE
PUBLIC UTILITY DISTRICT
Long-Range Forecasts
District-Wide Changes
· Forecast Assumption Changes · Salary & Benefits Increase at 2.5%
· Other Expenses Increase at 2%
· Interest Earnings at 3.5%
29
SEWER ENTERPRISE FUND
TEN-YEAR FORECAST
30
EXPORT PIPELINE
Sections A and B Within Tahoe Basin
$37 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 million
3!
SEWER ENTERPRISE FUND
CAPITAL PROJECTS
Ten Years Ending June 30, 2013
2003/04 $11,060,000
2004/05 6,392,000
2005/06 4,007,000
2006/07 6,198,000
2007/08 4,476,000
2008/09 4,869,000
2009/10 1,539,000
2010/11 4,853,000
2011/12 2,657,000
2012/13 8,676,000
Total $54,727,000
32
SEWER ENTERPRISE FUND
CAPITAL PROJECTS
Ten Years Ending June 30, 2013
I Plant]Systems Upgrade $27,314,000
Pipelines $14,880,0007"~
Bldg./Grounds $620,0001
Various Equipment $1,173,000
Heavy Eq./Vehicles $2,126,000
Pump Stations $3,144,000 [
33
SEWER ENTERPRISE FUND
CAPITAL PROJECTS
Ten Years Ending June 30, 2013
· Major Changes From Last Forecast
· Export Pipeline Costs Up $1 Million
· ICR Oxygen System $500,000
· Plant improvements $10.8 Million
· Convert to Hypochlorite, Relocate/Update
Main Control Panel, Replace Final Export
Pumps, Recoat Secondary Launders and
Aeration Basins, New Lines to Ballast Ponds,
and Upgrade to Title 22 Tertiary Treatment
34
SEWER ENTERPRISE FUND
CAPITAL PROJECTS
Ten Years Ending June 30, 2013
· Major Changes From Last Forecast
· Pump Station Rehabs $200,000 per
year - 2008 to 2013
· Pump Station Force Main Rehab $1.2
Million
· Sewer Line Rehab $200,000 per year-
2008 to 2013
· Highway 89 & 5th Street Crossing
$ 200,000
SEWER ENTERPRISE FUND
CAPITAL PROJECTS
Ten Years Ending June 30, 2013
· Major Changes From Last Forecast
· Alpine County Facilities $2.9 Million
· Wetland/Infiltration Basin Pilot, Pipe Upper
Dressier Ditch, Pipe Snowshoe Thompson
Ditch Phase 2
· Financial Software Conversion
$170,000
35 36
SEWER ENTERPRISE FUND
Funding Sources for
Capital Projects
Borrowing 12%
I Connection Fees 15 ~
37
SEWER ENTERPRISE FUND
PROJECTED RATES
Ten Years Ending June 30, 2013
· No Rate Changes in 2004 and 2005
· Rates Increase 3.5% per Year in
2006 to 2013
· Lower Rates than Prior Forecast
38
PROJECTED QUARTERLY SEWER RATES
Typical Residential Rate
Ten-Year Forecast
YEAR RATE CHANGE
2003/04 72 42
· 0.00
2004/05 72.42 0,00.
2005/06 , 74.96 ' 2,54
2006/07 77.59 2.63
2007/08 ' -' 80.31 2.72
2008/09 ' 83.13 2.82
2009/10 86.04 2.91
2010/11 89.06 3.02
2011/12 92.18 3.12
2012/13 95.41 3.23
Typical Single Famil / Home with Three Sewer Units.
39
SEWER ENTERPRISE FUND
Capital Reserves
· Projected for 2013:$10.8 Million
· Capital Reserves are Needed for
Additional Export Pipeline
Replacement in 2020
· 54% of Annual Needed Savings
4O
WATER ENTERPRISE FUND
4!
WATER ENTERPRISE FUN D
2003/04 Budget Proposal
· Keep Present Rates - No Increase
· Revenue $9.9 Million
· Operating Costs $6.5 Million +
Depreciation $1 Million = $7.5 Million
· Debt Service $1.4 Million
· Infrastructure Projects $6.2 Million
42
WATER ENTERPRISE FUND
2003/04 Proposed Spending
I Salary
Debt Service 10%]
Maintenance & Operations 20%]
WATER ENTERPRISE FUN D
CAPITAL PROJECTS
More From
Richard Solbrig
Interim General Manager
43 44
WATER ENTERPRISE FUND
2003/04 Capital Outlay $6.5 Million
· MTBE Projects $1.7 Million · Lake Tahoe Boulevard Waterlines
· Tata Booster Station Discharge Line
· "Y" to Winnemucca Waterline
· Redrill Twin Peaks Well
· Twin Peaks Discharge Line & PRV
WATER ENTERPRISE FUND
2003/04 Capital Outlay $6.5 Million
· Other Waterlines $500,000
· Cornelian, Cedar, Pine, In-house
· Well Drilling $1.2 Million
· Redrill Elks Club Well
· Redrill So. Upper Truckee Well
· Replace Cornelian Booster Station
45
46
WATER ENTERPRISE FUN D
2003/04 Capital Outlay $6.5 Million
· New Customer Service Center
$1.3 Million
· New Vactor Truck $175,000
· GIS Surveying & Implementation
$300,000
· Engineering Staff $459,000
REVENUE
47
48
WATER BUDGET
2003/04 Revenue
Service Fees 61%
Capital Improvement Charge 15%
Interest & Other 18% }
Connection Fees 2%'I
49
WATER ENTERPRISE FUND
REVENUE
· Up $385,0O0 · Interest Income Up $681,000
· Connection Fees Up $33,000
· Grant funding Down $335,000
5O
WATER ENTERPRISE FUND
REVE N U E
· Grant Funding
· County Water Agency $195,000
· Tahoe Restoration Act $150,000
RESIDENTIAL CUSTOMERS
Water Rate
· $99 Per Quarter
· No Change
$!
2003/04 QUARTERLY
WATER SERVICE FEES
Incline Village South Tahoe
Tahoe City No~h Tahoe Cave Rock
Kingsbury
2003/04 QUARTERLY WATER
SERVICE FEES
So.Tahoe P.U.D. Compared to
State Averages
$80 T.
$60 T.
$40 T.
SOuth Tahoe California
53
54
WATER ENTERPRISE FUND
Controlling Costs 1994 to 2004
Operating Costs Excluding Depreciation
$2,5(
$2,0(
$1
$1,00
$50
COST/MG
[] 1995 [] 2004 [] 1995 CPI Adjusted
55
WATER ENTERPRISE FUND
Controlling Costs 1995 to 2004
Operating Costs Excluding Depreciation
$7,000,000
$6,000,000
$5,000,000
$4,000,000
$3,000,0OO
$2,000,000
$1,000,000
TOTAL
[] 1995 [] 2004
[] 1995 CPI&Volume A~usted
56
WATER ENTERPRISE FUN D
TEN-YEAR FORECAST
MTBE
Lawsuit Completed August 2002
(Millions)
Total Settlements $69
Litigation Costs (27)
Future Costs (32)
Costs to Date (10)
Net Proceeds $ 0
5?
OUT OF POCKET DAMAGES
$'12,000,000
$10,000,000
$8,000,000
$6,000,000
$4,000,000
$2,000,000 --
0
12198
[] Overhead
[] Interest
[] Professional Fees
6199 6/00 6/01 6~02 2/28103
[] Other
[] Contractor
[] Labor
MTBE
Settlement Funds Reserved for
MTBE Related Costs
· Beginning MTBE Reserve $37 Million
· Ending MTBE Reserve $30.3 Million
· Reevaluation of MTBE Reserve
Level After 2004 and 2005 Water
Exploration Efforts
· Add More MTBE Water Treatment
Systems if Additional Water Supplies
Are Still Needed
60
WATER ENTERPRISE FUND
CAPITAL PROJECTS
Ten Years Ending June 30, 2013
2003/04
2004/05
2005/06
2006/07
20O7/08
2008/09
2009/10
2010/11
2011/12
2012/13
Total
$6,476 000
5,819 000
4,630 000
3,002 000
5,258 000
5,442 000
3,201 000
3,309 000
3,131 000
3,545,000
$43,813,0O0
6!
WATER ENTERPRISE FUND
CAPITAL PROJECTS
Ten Years Ending June 30, 2013
Plant/Systems/Bldg. Upgrade $5,225,000
Water Resources $6,270,000]
Various Equipment $1,791,000]
Pump Stations $2,383,000~
Equip. & Vehicles $1,899,000]
Engineering $5,260,000J
Tanks $2,455.0001
62
WATER ENTERPRISE FUND
CAPITAL PROJECTS
Ten Years Ending June 30, 2013
· Major Changes From Last Forecast
· In-house Waterlines $1!0,000+ per year
in years 4 to 10
· Contracted Waterlines $14.2 Million
· Includes Mainline Down Pioneer Trail
· Replace Water Tanks $1 Million
· H Street, Tata, Ralph
· Arrowhead Flagpole Intertie
Replacement $750,000
WATER ENTERPRISE FUND
CAPITAL PROJECTS
Ten Years Ending June 30, 2013
· Major Changes From Last Forecast · Iroquois Booster Station $500,000
· Keller Booster Station Generator
· Replace Generator Sets $185,000
· New Vactor Truck $175,000
63
64
WATER ENTERPRISE FUND
Funding Sources for
Capital Projects
Improvement Fee 33%
Connection Fees 6%
l Capital Reserves 13%
WATER ENTERPRISE FUN D
PROJECTED RATES
Ten Years Ending June 30, 2013
· No Rate Changes in 2004 and 2005
· Rates Increase 2.75% per Year in
2006 to 2013
· Lower Rates than Prior Forecast
PROJECTED QUARTERLY WATER
RATES
Ten-Year Chart
YEAR
2003104
2004/05
2005/06
2006/07
2007/08
2008/09
200g/10
2010/11
2011/12
2012/13
RATE
$99.00
$99.O0
$101.73
$104.53
$107.40
$110.36
$113.40
$116.53
$119.74
$123.04
CHANGE
$0.00
$0.001
$2.7~/
$2.80/
$2.871
$2.96
$3,00I
$3,13/
$3.21/
$3.30~
6'7
WATER ENTERPRISE FUN D
Capital Reserves
· Segregated Between General Funds
& MTBE Remediation Fund
· $33.2 Million Projected for 2013
· Of that $30 Million Remediation Fund
2003/04 PROPOSED BUDGET
Sewer & Water Combined
· Revenues $24.4 Million
· Operating Costs $16.1 Million
· Depreciation $5 Million
· Debt Service $2.3 Million
· New Borrowing $12.2 Million
· Capital Spending $17.5 Million
· Grant funded $125,000
SUMMARY
2003/04 Budget
· No Rate Change for Both Sewer &
Water
· Operating Costs Excluding
Depreciation Up 3.3%
69
70
Thank You
THE END
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