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HomeMy WebLinkAboutAnnual Reports - 4/1/1998TOWN OF ORO VALLEY WATER UTILITY COMMISSION ANNUAL REPORT P�kEY 11 t •t A TABLE OF CONTENTS TOWN OF ORO VALLEY WATER UTILITY COMMISSION ANNUAL REPORT APRIL 1998 SECTION TITLE • EXECUTIVE SUMMARY • PREFERRED SCENARIO • FINANCIAL CRITERIA • DEPARTMENTAL STRUCTURE • ALTERNATIVE WATER RESOURCES • MASTER PLANNING REPORTS • ORO VALLEY WATER IMPROVEMENT DISTRICT #1 • TUCSON WATER SYSTEM WITHIN ORO VALLEY • REVENUE REQUIREMENTS • O&M AND DEBT SERVICE REQUIREMENTS • 5 YEAR CAPITAL IMPROVEMENTS PLAN (CIP) • RECOMMENDATION ON WATER RATES • FINANCIAL SUMMARY • ALTERNATIVE FINANCIAL PROJECTIONS • CONCLUSION • APPENDICES PAGE 1 4 6 7 9 10 11 11 12 12 13 14 16 17 18 INDEX OF APPENDICES TOWN OF ORO VALLEY F WATER UTILITY COMMISSION 1 ANNUAL REPORT APRIL 1998 Il APPENDIX n A. PREFERRED FINANCIAL SCENARIO l J 1) ASSUMPTIONS 2) PROJECTED NET INCOME STATEMENT 3) PROJECTED DEBT SERVICE & CASH FLOW STATEMENTS 4) CONNECTION FEE FUND PROJECTED NET INCOME STATEMENT 5) CONNECTION FEE FUND DEBT SERVICE & CASH FLOW STATEMENTS B. ORGANIZATIONAL CHART 1) PROPOSED ORGANIZATIONAL STRUCTURE C. FIVE YEAR CAPITAL IMPROVEMENTS PLAN 1) RATES, BONDS AND CONNECTION FEES 2) •. COMMERCIAL READINESS CARRY FORWARD 111 3) NEW PROJECTS D. PROPOSED RATE SCHEDULES rJ 1) PROPOSED RATE SCHEDULE FOR NON -CITY CUSTOMERS ILJI 2) PROPOSED RATE SCHEDULE FOR CITY CUSTOMERS 3) TABLES FOR MONTHLY CHARGES & PERCENT INCREASE COMPARISONS a) NON -CITY, 5/8 X %" METER, 0 — 40,000 GALLONS USAGE a b) CITY, 5/8 X %" METER, 0—10,000, 25,000 & 40,000 GALLONS c) NON-CrrY, I" METER, 0, 5,000, 10,000, 25,000 & 40,000 GALS d) NON -CITY, 1 V2" METER, 0, 5,000, 10,000, 25,000 & 40,000 GALS (1 e) NON -CITY, 2" METER, 0, 5,000, 10,000, 25,000 & 40,000 GALS u i) NoN-CITY, 3" METER, 0, 5,000, 10,000, 25,000 & 40,000 GALS g) NON -CITY, 4" METER, 0, 5,000, 10,000, 25,000 & 40,000 GALS h) NoN-CITY, 6" METER, 0, 5,000, 10,000, 25,000 & 40,000 GALS i) NoN-CITY, 8" METER, 0, 5,000, 10,000, 25,000 & 40,000 GALS E. ESTIMATED INCOME & CASH FLOW STATEMENTS 1) WATER ENTERPRISE FUND fff I l 2) CONNECTION FEE FUND u 3) ALTERNATIVE WATER RESOURCE DEVELOPMENT FEE FUND F. ALTERNATE SCENARIO: NO RATE INCREASE 1) ASSUMPTIONS 2) PROJECTED NET INCOME STATEMENT 3) PROJECTED DEBT SERVICE & CASH FLOW STATEMENTS 1 G. ALTERNATE SCENARIO: ANNUAL INFLATION INCREASE u 1) ASSUMPTIONS 2) PROJECTED NET INCOME STATEMENT 3) PROJECTED DEBT SERVICE & CASH FLOW STATEMENTS I 11 r L U EXECUTIVE SUMMARY TOWN OF ORO VALLEY WATER UTILITY COMMISSION ANNUAL REPORT APRIL 1998 INTRODUCTION In October, 1996 the Oro Valley Town Council (Council) formed the Oro Valley Water Utility Commission (Commission) to act as the official advisory body to the Council regarding water related issues. The functions and duties of the seven member commission include reviewing and developing recommendations for water revenue requirements, water rate and fee structures, and water system capital improvement planning. The Commission is required to prepare an annual report to the Council regarding its recommendations. This report is the Commission's second Annual Report. It includes recommendations related to financial criteria, revenue requirements, system operations and maintenance requirements, debt service requirements, a five year capital improvements plan, possible rate adjustments, alternative water supply options, system expansion and future organizational structures. This Executive Summary contains a briefing on the implementation of the recommendations presented in the 1997 Annual Report. It also contains a briefing on new recommendations specific to water issues facing the Town in FY 1998/99. Explanations and financial analyses that are more detailed may be found in the body of the report. The main body of the report presents details related to the Commission's preferred scenario. For comparison purposes, a section describing other alternatives is presented at the end of the report. IMPLEMENTATION OF THE 1997 REPORT RECOMMENDATIONS • Water Rates: A 3% across the board rate increase for all customer classes was recommended by the Commission to the Town Council. The Town Council implemented an adjustment to the minimum monthly rates and the commodity rate for the customers of the Rancho Vistoso system, equalizing all rates for customers in both systems, except for the `city' customers whose rates were adjusted with the phase -in formula established by Council at the time of purchasing the two former private utilities. • Consolidation of Water Operations: The Commission recommended that the operations of both systems (CH & RV) be consolidated to take advantage of economies of scale in both -1- field operations and administration. The Town Council approved a consolidated budget for the FY 1997/98. The two billing systems have been consolidated and a new full -page bill format with return envelopes has been implemented. The physical interconnects are scheduled to begin this fiscal year and will be completed in FY 98/99. Rancho Vistoso Depreciation Expense: The Commission recommended that the Town update and perform long range financial projections to ensure the timely recovery of depreciation and continued system reliability and capacity. Those projections are incorporated into the 1998 Annual Report and allow for the full recovery of depreciation for the entire system. • Alternative Water Resources: The Commission presented three recommendations to the Town Council involving alternative water issues: (1) Phased in use of reclaimed water to irrigate golf courses; (2) continue joint planning with neighboring jurisdictions and other water agencies; and (3) purchase incentive priced CAP water. Efforts to address all three have begun and continued during the year. • Master Planning Reports: The Commission recommended that the Master Planning Reports be updated. A proposal from a consultant has been received and is under evaluation by staff. NEW RECOMMENDATIONS FOR FY 1998199 Water Rates: The Commission recommends a 5.50% revenue increase for FY 98/99. The proposed revenue increase would allow the utility enterprise fund to meet sound financial criteria regarding the operations of a municipal utility while costs keep pace with inflation, growth issues are not ignored, infrastructure is replaced as it is worn out and the level of service to the customer improves. The manner in which this revenue increase is proposed to be accomplished includes the following changes for all residential and commercial customers: ➢ The change in the monthly base rate is recommended to increase between $0.10/month and $148/month, depending on the meter size. Most residential customers have a 5/8"X3/4" meter. These customers would realize a $0.10/month change in their monthly billing under this proposal. ➢ The number of gallons included in the base rate is proposed to change to 1000 gallons from 2000 gallons for all customers. ➢ The commodity rate for all customers is recommended to increase $0.02/1000 gallons. More detailed discussion on water rate recommendations are included in the main body of the report and in Appendix D, including residential and commercial customers as well as `city' and `non -city' customers. -2- • Financial Criteria: The Commission recommends that the Town Council adopt the following criteria as policy to guide staff in operating the utility using sound business practices that protect the long term interests of the rate payers: ➢ Retained earnings shall never become negative. ➢ The utility shall not operate at a net loss on the income statement for more than two consecutive years. ➢ Cash flow shall be sufficient to pay personnel, O&M and debt service. ➢ Cash reserves for operation shall not normally be less than 15% of the expected cash outlays, excluding capital. Cash reserves may fall below this threshold, but not for more than 2 consecutive years. ➢ Debt service coverage shall not be less than 1.25 times the annual debt service as required in the bond covenants. ➢ Depreciation shall be fully recovered through rates each year for reinvestment in the i. system, to be verified through an analysis of expected plant life every five years. ➢ In the case of unforeseen circumstances, every effort shall be made to avoid borrowing funds. Instead, deferment of other expenses and use of cash reserves should first be explored before consideration of incurring debt. • Departmental Structure: The Commission recommends that the water utility be established as a separate department. As Oro Valley continues to grow, the separation of the water utility from the Department of Public Works is inevitable. Combined with the unique r ' nature of operating a municipal water utility within the Tucson Active Management Area, there is a need for staff to focus resources on strategic and tactical issues. A separate departmental structure could be more effective in answering the utility's ability to fully participate in regulatory and regional water issues and to provide improved overall service to t J customers. • Alternative Water Resources: Given the importance to the residents of Oro Valley of 1 J addressing alternative water resource issues and the progress made in the last year, the Commission recommends that efforts on the same three points presented in the 1997 Annual f J Report be continued. To reiterate the three points, they are (1) the phased in use of l reclaimed water to irrigate golf courses, (2) the Town continue joint alternative water resource planning with neighboring jurisdictions and other water resource agencies to take advantage of economies of scale; and (3) purchase incentive priced CAP water while it is LJ available for accumulating long term storage credits. L • Master Planning Reports: The Commission recommends that the Town create two separate Master Plan Reports. One report would be for the domestic water system, L consolidating the two Master Planning Reports currently in place. The new second report would be for alternative water systems, which currently have no master plan in place. • Oro Valley Water Improvement District #I: The Commission recommends that the Council provide proper notice to the Metropolitan Domestic Water Improvement District and incorporate the management of the production and delivery systems within OV #1 into -3- the new Utility Department if the Task Force established to study the issue determines that it would be in the best interests of the Town and OV#1 customers to manage that system. • Tucson Water system within Oro Valley: The Commission recommends that the Town Council pursue an analysis of the acquisition of the delivery and production system currently serving residents of the Town who are customers of Tucson Water. The Oro Valley Water Utility Commission is proud to serve the Council and customers of the Town of Oro Valley. We are pleased to present our Annual Report to the Town Council for consideration. While much has been accomplished in the past year, the Commission looks forward to direction from Council regarding those items mentioned in the Executive Summary and detailed in the Report. We thank the Council for their consideration, direction and guidance. TOWN OF ORO VALLEY WATER UTILITY COMMISSION ANNUAL REPORT PREFERRED SCENARIO F The Commission has arrived at a recommendation that adheres to the sound financial criteria described in detail below and incorporates the elements of the other recommendations detailed in this report. The Commission and staff performed extensive analysis of numerous scenarios prepared by a rate consultant at their direction. To enable the Commission to more fully understand the long term effect of known future variables that impact the utility's financial resources, projections for revenue, 0 & M, capital expenditures and debt service have been forecast for a period of J ten years However, for ease in evaluating the data, only five years have been presented in this report. Examples of major future revenues and expenses having a long term impact are: costs rl incurred with membership in the Central Arizona Groundwater Replenishment District; lost l J revenue from the removal of golf courses from groundwater; costs for the necessary capital improvements to the water system; growth factors; expenses and revenues associated with the j management of Oro Valley Improvement District #1 (OV#1); and the acquisition debt service -1 schedule. The Commission developed a set of parameters for the rate consultant to use in developing the preferred scenario. The parameters used for the preferred scenario are as follows: ➢ Revenue increases are proposed only when necessary. ` ➢ In addition to the major items identified in the paragraph above, projected expenditures were adjusted for inflation, additional personnel, O&M related to new (I customers, and non -growth related capital. ➢ Financial criteria must be met, setting the foundation for sound fiscal operation. i ➢ No new debt permitted for capital projects. Construct on a "pay as you go" basis. V➢ Golf courses are expected to be removed from groundwater over a period of years beginning in January 2001. (' ➢ Revenue projections include a residential customer growth factor of 780 in FY 98/99 and 675 connections per year thereafter as a conservative estimate developed from a recent survey as well as historical data. ➢ Connection fees are proposed to be increased to meet the financial requirements of L growth -related capital improvements. The recommended master planning report will substantiate the increased value of the connection fee. ➢ Revenues and expenses related to incorporating the management of the Oro Valley Water Improvement District #1 (OV#1) into the Oro Valley Water Utility have been -5- r� included in the projections beginning July 1, 1999. With the preferred scenario, the revenue increases occur in fiscal years 1998/99, 1999/00 and 2000/01. There are no increases projected for fiscal years 2001/02 and 2002/03. These increases allow the utility to anticipate the major future revenues and expenditures as described at the beginning of this section, including the loss of revenue when the golf courses are phased off of groundwater. The following table will indicate the amount of additional revenue created from the three proposed increases: l FY 1998/99 1 FY 1999/00 FY 2000/01 Additional Revenue $234,766 $267,769 J $187,385 Fluctuation of projected revenues is a result of the addition of a new golf course customer in FY 1999/00 and the removal of two golf courses from groundwater in FY 2000/01. The projected Income Statement, Debt Service Statement and Cash Flow Statement for the preferred scenario can be found in Appendix A. The input data for the Projected Income Statement assumes that personnel costs will increase 5% annually with operations and maintenance costs increasing by an inflationary 2.3% annually with additional allowances for power costs relating to the addition of new plant requiring power. Depreciation increases with [ J the new plant that is installed each year. CAP and recharge costs increase dramatically; however, the costs are established by State agencies over which the Town has no control. r Interest on the acquisition debt will decrease according to the bond repayment schedule. Interest and principal will increase over the 5 year period. Under this preferred scenario, retained earnings maintain a positive value and the net income of (, the utility does not reflect a loss for more than two consecutive years. The net revenues provide debt service coverage in excess of 1.25 times the annual debt service as required by the bond covenants and depreciation is fully recovered by the rates. The total cash reserves, including connection fees, are maintained in excess of 15% of the expected cash outlays. FINANCIAL CRITERIA Utility staff consulted with the Finance Director, David Andrews, to obtain assistance with identifying essential financial criteria to use in guiding the operations of the water utility and in developing the preferred scenario. The following criteria were developed with sound business practices in mind: ➢ Retained earnings shall never become negative. This allows for full cost recovery, ensures that the utility's assets always exceed its liabilities and lends itself to "pay as you go" capital expenditures. Therefore the utility may avoid incurring new debt and related n Ll I I U interest expenses. However, should the utility find that additional borrowing is necessary, positive retained earnings will allow that possibility, whereas, negative retained earnings may hinder the borrowing process. ➢ The utility shall not operate at a net loss on the income statement for more than two consecutive years. Net income is a factor in the debt service coverage for which the utility must adhere to specific debt service requirements. ➢ Cash flows should always be sufficient such that the utility can, at a minimum, pay personnel expenses, O&M expenses and pay any principal and interest related to debt service requirements. ➢ Cash reserves that are available for operations shall not normally become less than 15% of the expected cash outlays, excluding capital. Cash reserves may fall below this threshold, but not for more than two consecutive years to enable the utility to meet unforeseen circumstances that may arise. ➢ Net revenues should provide debt service coverage a minimum of 1.25 times the annual debt service for any given year, in accordance with the compliance requirement in the existing bond covenants. ➢ Recover 100% of depreciation through rates each year, with verification of the appropriate plant values and plant life to be performed every five years. This enables the utility to replace plant that has exhausted its useful life. ➢ In the case of unforeseen circumstances, every effort shall be made to avoid borrowing funds. Instead, deferment of other expenses and use of cash reserves should first be explored before consideration of incurring debt. The criteria discussed above were used in developing the recommendations of the Commission included in this report. DEPARTMENTAL STRUCTURE During the development of the FY 1997/98 budget for the utility, the Council took action to consolidate the operating budgets of the two enterprise funds into one enterprise fund. This action followed a recommendation included in the Commission's 1997 Annual Report. This year, the Commission recommends that the Council consider another organizational change regarding the water utility — establishing the utility as a separate department within the Town's departmental structure with a department head appointed by, and reporting to, the Town Manager. The proposed organizational chart may be found in Appendix B. Additionally, the recommendations presented in this report lend support to the need for a L' modification to the management structure of the water utility. Focused leadership on strategic issues such as appropriate business principles, capital improvements for plant replacement and expansion and master planning are all essential to the long-range welfare of the system. Alternative water resource efforts are ongoing and more importantly, gaining momentum. Tucson reclaimed water, CAP utilization, regional planning, obtaining of outside funding are all critical to the future of Oro Valley's protection of its groundwater resources and compliance -7- momentum. Tucson reclaimed water, CAP utilization, regional planning, obtaining of outside funding are all critical to the future of Oro Valley's protection of its groundwater resources and compliance with regulatory obligations. If the Town is to fulfill its commitment to its customers to run the utility as a business and operate the utility in the best interests of the rate payers, steps must be taken to provide the adequate resources to staff. There are three new positions directly associated with the n Commission's recommendation to establish a separate utility department. One position is the l Utility Director to provide the strategic leadership as the department head. The departmental restructure is designed with the expectation that the Utility Director will assume the water related duties of the Town Engineer as well as those water related functions performed by the former Government Relations Administrator. The other two positions are both clerical support staff to management. These three positions are estimated to have a cost directly associated with ff� the reorganization proposal in the amount of approximately $101,000. l The current budget request for FY 98/99 submitted by the Town Engineer/Utility Director ( matches the details included in this report. Those details include other personnel changes It unrelated to the departmental separation proposal totaling approximately $68,000. The table below indicates the change in personnel costs associated with the proposed departmental separation and other costs independent of the departmental separation. FY 1997/98 FY 1998/99 Total Change in Change in Budgeted Proposed Change in Costs Costs Personnel Budget Budget Related Unrelated Costs Personnel Costs to new to new Costs Department Department $565,614 1 $734,965 1 $169,351 $101,000 $68,351 L� Other changes relate to the increased work load of staff, primarily associated with the aggressive CIP currently underway. The initial operations and maintenance budget for Outside Professional Services was reduced appropriately in anticipation of implementation of the Project Manager position. Outside engineering services will still be required, but some of the tasks i could be performed with appropriate utility staff. Additionally, there continues to be a need for i_j staff to provide required and essential services that are either not being done at all or demand on our human resources is growing in step with the growth and expansion of the system over the last few years. Other minor changes relate to the reporting structure of existing utility staff. The following table provides employee to customer ratio comparisons with other cities, towns and water utilities within the State of Arizona. As shown in the table, Oro Valley Water Utility currently has 1 employee for every 791 customers. When fully staffed at the end of the next year, the proposed departmental structure would provide 1 employee for every 593 customers. -8- This ratio will continue to increase as new customers are added to the system. The average ratio n for those entities surveyed is 1 employee for every 536 customers. II. Il 11 ll Municipality or Water Utility Number of Employees Number of Customers Employee To Customer Ratio Cave Creek, City of 8 1,460 1 : 183 Marana Water 5 1,031 1 : 206 Metro Water Dist. 43 14,500 1 : 337 Douglas, City of 13 5,800 1 : 446 Tucson, City of 442 220,000 1 : 498 Bella Vista Water 12 6,000 1 : 500 Oro Valley Proposed @ 4-1-99 20 119850 1:593 Kingman, City of 21 13,000 1 : 619 Lake Havasu City 30 18,697 1 : 623 Prescott, City of 23 15,000 1 : 652 Avondale, City of 10 7,500 1 : 750 Oro Valley Current Q 4-1-98 15 11,070 1: 791 Green Valley 4 3,325 1 : 831 ALTERNATIVE WATER RESOURCES The Town of Oro Valley and its neighboring Southern Arizona jurisdictions have historically relied on pumping groundwater as the sole supply of water for all uses. The Arizona l Groundwater Management Act of 1980 requires that all water users participate in Arizona Department of Water Resources (ADWR) Management Plans to annually replace, or (' compensate for, groundwater pumping through the use of alternative water sources such as CAP l and reclaimed water. The goals of the ADWR Management Plans require that the groundwater tables be stabilized by recharging an amount of water equal to the amount that is pumped. 'I For water users in areas where the groundwater supply is inadequate, the financial impacts are immediate and sometimes severe depending on the availability of and proximity to alternative J water sources. In other areas, like Oro Valley which is located over the Canada Del Oro Wash water basin containing three to four million acre feet of groundwater, uses of alternative water sources can be phased in over time according to ADWR plans and rules. Progress has continued over the last year in implementing the recommendations of the Commission included in the 1997 Annual Report. Staff has been involved in activities related to the completion of the Northwest Replenishment Program, the initiation of the Southern Arizona Regional Water Management Plan, reclaimed water utilization, feasibility analysis of recharge in the CDO basin utilizing outside funding and involvement in the activities of the Arizona Water WE Bank and CAGRD. This progress is encouraging and essential to the long term operation of the municipal water utility. As such, the Commission reiterates its 3 recommendations of 1997: ➢ The Town continue joint alternative water resource planning for permanent long term water supplies with its neighboring jurisdictions of Marana, the Metropolitan Domestic Water Improvement District (MDWID) and the City of Tucson, along with the US Bureau of Reclamation (BuRec), ADWR and the Central Arizona Project (CAP) to take advantage of economies of scale. ➢ The first phase for alternative water use consider use of reclaimed water on turf areas, particularly golf courses, located within Oro Valley Water Utility service area. Use of reclaimed water would lower the total consumption of groundwater and allow continued residential consumption of groundwater within the ADWR "gallons per capita per day" requirements. ' ➢ The Town purchase incentive priced CAP water in the coming fiscal years, while it is available for long term storage through agreements with local agriculture, for use in l l future years during drought conditions or vastly increasing prices. i The Town Council has adopted an alternative water resources development impact fee to explore alternative water resource options. The impact fee fund balance is estimated to be $411,377 by June 30, 1999. A cash flow statement and income statement are included in Appendix E. It is acknowledged by the Commission that many specifics related to revenue sources and implementation of construction and operation of a transmission and distribution system are currently unknown. At this time, several potential revenue sources have been identified for consideration in implementing the construction of infrastructure and the operation of the new alternate water systems for reclaimed water, CAP water or both. These potential revenue sources include impact fees, commodity rates charged to customers of the alternative water systems, grants, low interest loans, rates or fees charged to customers of the domestic water system and the sale of bonds. It will be necessary for the master planning report discussed below to incorporate the revenue and operations issues into the analysis and recommendations. MASTER PLANNING REPORTS UBecause of the importance of both the groundwater system and alternative water systems, the Commission recommends that the Town create two separate Master Planning Reports. ti L The Commission recommends that one consolidated Master Planning Report be prepared for the entire domestic water service area to ensure the sound expansion of a consolidated system L and substantiation of connection fee values. This consolidated report would combine and replace the existing separate reports for the two former private utilities. -10- The Commission recommends that a second Master Planning Report be prepared for alternative water systems. There is currently no master plan in place for an alternative water system, although the concepts of an alternative water system are touched on in the two existing reports prepared for the private utilities. This report would bring together, in one document, the various efforts already underway or accomplished that provide information on what can best be implemented to address the needs of Oro Valley. Strategic issues to be addressed in both should include, at a minimum, the consolidation of the two former private utilities, operational issues, rate structures, infrastructure needs through system build -out (including related costs and priorities), funding methodology when t infrastructure may be needed before accumulated connection fees are sufficient to support expenditures and growth projections. ORO VALLEY WATER IMPROVEMENT DISTRICT #1 L i Currently, the Town Council serves as the Board of Directors for OV #1, an area of about 1000 customers in the older areas of Oro Valley along the CDO Wash and La Canada Drive. Some (� years ago, the Board entered into an IGA with the MDWID for the management and operation l J of OV #1. During the ensuing years, the Board has provided input to the Board of Directors of the MDWID on such issues as the annual budget, capital improvements, rates and bond l elections. This arrangement was structured because the Town was not able to manage a water utility at the f 1 time OV#1 was created. Since the Town is now in the water business and has some experience u in managing a municipal water utility, it is now capable of assuming management of systems which serve our residents but are operated by others. The Commission supports the objective of directly serving the residents of Oro Valley with the Town's water utility. The Town has already formed a Task Force to evaluate the incorporation of the OV#1 system J into the Town's water utility. If the Task Force determines the best interests of the Town and the OV#1 customers will be better served by incorporation of the system, the Commission r , recommends that the Town Council provide proper notice to the Metropolitan Domestic Water lul Improvement District in accordance with its IGA, and incorporate the management of the production and delivery systems within OV #1 into the Town's water utility by July 1, 1999. I TUCSON WATER SYSTEM WITHIN ORO VALLEY L Currently, the City of Tucson Water Department has approximately 700 customers within the Town limits, mostly along the Oracle corridor south of Linda Vista. The infrastructure includes Lwater mains and wells serving mostly residential customers. -11- With the acquisition of two private water utilities and the experience of managing these utilities, the Town is now able to assume management of systems which serve our residents but are operated by others. The Commission supports the objective of directly serving the residents of Oro Valley with the Town's water utility. J The Commission recommends that the Town Council begin the analysis necessary to evaluate the feasibility of acquiring the assets of the Tucson Water Department in this service area. The j� results of this study would lead to further recommendations by the Commission regarding possible incorporation of the administration of the production and delivery systems into the Town's water utility. n The Commission and Town staff, in conjunction with a rate consultant, analyzed the revenue l l and cash flow requirements necessary to operate and maintain the system, fund needed capital l 1 improvements and make debt service payments on the municipal water system acquisition bonds. Revenues and cash flows were projected through June 30, 1999 based on anticipated (� growth in customer base of 780 residential customers and water consumption patterns similar t J to FY 1997/98. Projected operating expenses were developed by the water utility staff. l J Capital expenditures will be funded with depreciation and connection fees. With the II connection fee revenues equaling expenditures and the recommended revenue increase, no borrowing will be necessary to meet the financial needs of the utility. The following table indicates the amount of water sales revenue that would be realized by a 5.50% revenue increase and increased service connections of 780: FY 1997/98 Revenue Estimate FY 1998/99 Revenue Estimate Dollar Increase $4,117,700 $4,503,246 $385,546 No adjustments to other fees and service charges are recommended until further studies are conducted to justify potential changes. U O&M AND DEBT SERVICE REQUIREMENTS f The following table is a comparative summary of expenses and debt service requirements for LJ the utility enterprise fund. Budgeted amounts for FY 97/98 are compared to the proposed budgeted amounts for FY 98/99: -12- LI Oro Valley Water Utility FY 1997/98 Budgeted FY 1998/99 Proposed Budget Change Personnel $ 565,614 $ 734,965 $169,351 O & M 1,501,222 1,501,413 191 Deprec. & Amort. 192279141 1,2040224 (22,917) Interest Payments 1,494,100 1,487,438 (6,662) Principal Pymnts. 100,000 325,000 225,000 TOTALS 4,8889077 59253040 364,963 The above figures are based on the Town Engineer's initial budget estimate. Because of the timing of this report and the Town's budgeting process, the Commission recognizes that both the estimated actuals and the projected budget will need to be revised. The Commission understands that staff and the Council will adjust expenses to fit the final estimate of revenues based on the action of the Town Council on the rate structure for FY 1998/99. Revised figures not available at the time of preparation of this report will be included in the Town Manager's review of the initial budget request. They are subject to further change based on final action by Town Council Estimated FY 98/99 personnel costs would be increased to fund a 5% salary increase (COLA & merit) as well as additional staff required with the departmental restructure which has been previously detailed in this report. As mentioned above, these costs are subject to change as the iterative process of budget development is completed. 11 � The request for increased operations and maintenance costs reflect, among other items, increased expenses for electrical power for pumping, water recharge costs, well testing, lJ regulatory expenses, equipment repair. The line item for Outside Professional Services has l been reduced based on the departmental restructure as detailed earlier in this report. Some costs are fixed by outside agencies with no control by the Town. Others may be subject to change as the iterative process of budget development is completed. Principal and interest payments reflect debt service pursuant to bond repayment schedules. No r additional borrowing is anticipated under the preferred scenario. 5 YEAR CAPITAL IMPROVEMENTS PLAN (CIP) The Oro Valley Water Utility Commission, in conjunction with staff and engineering L consultants, undertook extensive analysis and obtained public input to develop a 5 Year Capital Improvements Plan (CIP). Funding sources include water rates, remaining bond proceeds of approximately $137,430 and connection fees. The following table summarizes total amounts by year for the CIP: -13- FY 98/99 FY 99/00 FY 00/01 FY 01/02 FY 02/03 5 YEAR TOTAL CONN'N 20,000 983,000 995,000 675,000 815,000 31488,000 RATES 2,344,888 19065,000 640,000 695,000 990,000 59259,888 TOTAL 2,364,888 1,833,000 29085,000 1,475,000 990,000 8,747,888 The Utility CIP identified $8,747,888 of system improvements and equipment purchases i through fiscal year 2002/03. Recommended projects to be funded are identified in the utility's operating budgets for rate -funded improvements and the connections fees budget for In connection fee funded improvements. Fiscal years 2000/01 through 2002/03 include plant additions for the Oro Valley Water District #1 (OV #1) in the aggregate amount of $670,000. Should Town Council choose not to assume operations and management of the OV #1, this t) amount would be deleted from the CIP with the preparation f future CIP updates. t) To ensure the adequacy of connection fee revenues, the Commission is recommending that l J the substantiation of the connection fee be addressed in the consolidated Master Planning l 1 Report. This report is discussed in greater detail in the section pertaining to Master Planning Reports. Detail to the water utility Capital Improvements Plan may be found in Appendix C. RECOMMENDATION ON WATER RATES The Water Utility Commission recommends adjusting both the base rate and the commodity rate for all residential and commercial customers for FY 98/99. The manner in which this (� revenue increase is proposed to be accomplished includes the following changes for all residential and commercial customers: ➢ The change in the monthly base rate is recommended to increase between $0.10/month and $148/month, depending on the meter size. Most residential customers have a 5/8"x3/4" meter. These customers would realize a $0.10/month change in their monthly (; base rate under this proposal. ➢ The number of gallons included in the base rate is proposed to change to 1000 gallons from 2000 gallons for all customers. 1 ➢ The commodity rate for all customers is recommended to increase $0.02/1000 gallons. The recommendation yields a 5.50% overall revenue increase for FY 98/99. The proposed f j revenue increase would allow the utility enterprise fund to meet sound financial criteria L regarding the operations of a municipal utility while costs keep pace with inflation, growth issues are not ignored, infrastructure is replaced as it is wom out and the level of service to the customer improves. The following table illustrates the proposed changes for a typical residential customer with a -14- r� 5/8"x3/4" meter. A table providing proposed rates for all meter sizes may be found in Appendix D. Customer Class Current Base Rate Proposed Base Rate Current Commodity Proposed Commodity City 6.75 7.90 1.71 1.73 Non -City 9.75 9.85 1.71 1.73 Appendix D also contains several spreadsheets that calculate the dollar increase and the percentage increase that a customer would experience on a monthly bill under the proposed rate change. There is a separate table for each meter size. Two tables are presented for the most common meter size (5/8"0/4"), one for `city' customers and one for `non -city' l customers. Monthly bill amounts are calculated in 1000 gallon and other various increments. The above recommendations combine to result in changes to monthly billings between $0.10 and $150.49, depending on meter size and consumption. These correlate to percentage increases between 1.0 % and 19.6 %, for the same meter size and consumption. [� As indicated, the base rate for the "City" customers (primarily the Highlands Mobile Home Park residents) would be increased from $6.75 to $7.90. The Town Council, at the time of acquisition of the two private water utilities, agreed to equalize the "City" customer rates over a period of four years to avoid rate shock with this increase being the second of four. The average consumption for customers with a 5/8"x3/4" meter is approximately 10,000 gallons/month. For the `non -city' customer, the proposed rate structure would increase their monthly bill by $1.99 (8.5 %). LA A cost of service study ascertained that the residential class of customers is currently not paying rates that would provide revenues sufficient to recover costs incurred to serve them. The proposed increase is the first step in achieving a more uniform rate of return for all LJ customer classes. U For comparison purposes, the following table provides a calculation of a monthly bill amount for a 5/8"x3/4" meter for several of the other water utilities surrounding the Oro Valley Water Utility service area. Direct comparison of raw base rates and raw commodity rates is not U effective because of the varying rate structures of each utility. The best way to compare is to calculate for certain consumption levels. I� -15- ■1 n ll Water Utility Cost For 5,000 Gallons Cost For 10,000 Gallons Cost For 25,000 Gallons Cost For 40,000 Gallons Marana 18.00 22.95 38.00 53.00 Metro Water 15.77 25.02 58.87 105.37 Tucson Water 11.60 22.20 71.40 136.40 Oro Valley Current 14.88 23.43 1 49.08 1 74.73 Oro Valley Proposed 16.77 25.42 51.37 77.32 As previously described, the proposed revenue increase would allow the utility fund to meet sound financial criteria regarding the operations of a municipal utility while costs keep pace with inflation, growth issues are not ignored, infrastructure is replaced as it is worn out and the level of service to the customer improves. This recommendation is a result of a Cost of Service Study and Rate Analysis performed by Mr. Ron Kozoman, CPA. " FINANCIAL SUMMARY 11 Retained earnings is the cumulative measure used by enterprise funds to determine the amount of earnings remaining after expenses are deducted from revenues since the inception of operations.. For the preferred scenario, the following table represents the estimated retained [ J earnings at June 30, 1999: Oro Valley Water Utility 7/1/98 Retained Earnings Net Income (Loss) 6/30/99 Retained Earnings Consolidated $543,601 ($236,750) $306,851 L� The Oro Valley Water Utility is projected to have positive retained earnings of $306,851. l Maintaining positive retained earnings is an important element of the financial criteria used to guide staff in arriving at proposed revenue increases. In an effort to keep the proposed revenue Uincrease as low as possible, the retained earnings decreased dramatically. Cash flow is an analysis of all changes that effect the cash account. The following table reflects the estimated cash balances at June 30, 1999: -16- 7/1/98 Cash Balance Change in Cash Balance 6/30/99 Cash Balance $3,457,388 ($1,702,414) $1,754,974 The cash balance is estimated to decrease to-$1,754,974 at the end of FY 1998/99. The projected cash decrease may be attributed to cash payment of $2,344,888 for proposed capital expenditures and an increase in the principal payment of $225,000 for the acquisition debt. Appendix E contains estimated income and cash flow statements and a comparison of funding requirements with projected revenues for the utility enterprise fund for FY 98/99. Estimated income and cash flow statements for connection fees and alternative water fees for FY 98/99 are also included in Appendix E. ALTERNATIVE FINANCIAL PROJECTIONS Appendices F and G represent alternative financial projections to allow for comparisons with Commission and staff recommended preferred scenario. The financial criteria used for these alternate scenarios could not be adhered to because of the nature of the projections. 1 Appendix F consists of data reflecting the same projected growth in new residential customers per year as the preferred scenario, no rate increases and no borrowing to fund capital or other expenses. However, hook-up fees have been increased to $2,000 per residential unit from an f , average of $562.50. Golf courses would be removed from groundwater in various years J beginning January 2001. Using this data, the projected debt service coverage falls below the 1.25 requirement in FY 1998/99. Projected net income denotes a negative amount of $462,181 in FY 1998/99 with negative amounts increasing in future years. Likewise, the [ projected cash balance indicates a declining trend. Capital expenditures would be funded with depreciation and connection fees. This scenarios violates most all the financial criteria set forth. Appendix G consists of data reflecting the same projected growth, with annual revenue I 'II increases of approximately 2.5 %. Connection fees have been increased to $2,000 per l..J residential unit from an average of $562.50. Golf .courses would be removed from groundwater in various years beginning January 2001. OV#1 customers and plant additions I are included beginning in fiscal year 1999/00. Using this data, the projected debt service l.� coverage remains above the required minimum of 1.25. Projected net income indicates a loss for the first four year period; however, no borrowing would be necessary to meet financial L' obligations. New plant would be funded with connection fees and depreciation. Retained earnings run negative in FY 2000/01 and remain negative for the next two years. As a result, this scenario does not meet the financial criteria previously described in this report. -17- The three scenarios presented and discussed at length in this report are summarized in the table below. l l COMPARISON OF FINANCIAL SCENARIO PARAMETERS I LJ P, I I L i L Key Parameters Preferred Scenario No Rate Increases Scenario 2.5% Annual Increase Scenario Growth Factor 780 780 780 OV#1Included Yes Yes Yes Expenses Adjusted for Inflation Yes Yes Yes Borrowing No No No Increase Impact Fee Yes Yes Yes Golf Courses Off Groundwater Yes Yes Yes Meets Cash Requirements Yes Yes Yes Positive Retained Earnings (# of yrs) 5 1 2 Positive Net Income (# of years) 4 0 1 Meet Debt Service (# of years) 5 4 5 The Commission presents this second annual report for the review and consideration of Council. The Commission would be glad to discuss this report in greater detail at a joint study session or other appropriate forum. Please advise if such a discussion is desired. The Oro Valley Water Commission is proud to serve the Town of Oro Valley and the customers of its water utility. Much has been accomplished in the second full year of operation. The Commission looks forward to continued direction from Council, especially on those issues discussed in this report. The Commission extends their appreciation to the Council for its consideration, direction and guidance. NVE APPENDIX A PREFERRED FINANCIAL SCENARIO THE FOLLOWING ARE THE ASSUMPTIONS USED IN PREPARING THESE PROJECTIONS: GROWTH IS BASED ON THE ADDITION OF 780 RESIDENTIAL CUSTOMERS IN FY 1998/99 AND 675 NEW RESIDENTIAL CUSTOMERS PER YEAR THEREAFTER. THE OV#1 CUSTOMER BASE (1,000) HAS BEEN ADDED IN FY 1999/00 WITH THE ASSUMPTION THAT THE TOWN WOULD ACQUIRE THE SYSTEM. PLANT ADDITIONS FOR THE OV#1 SYSTEM ARE INCLUDED IN THE CIP SCHEDULE BEGINNING IN FY 2000/01. CONNECTION FEES HAVE BEEN INCREASED TO $2,000 PER RESIDENTIAL UNIT BEGINNING IN FY 1999/00 AND ARE APPLICABLE TO ONLY 80% OF NEW CONNECTIONS TO ALLOW FOR EXEMPTIONS AND PRE -PAYMENTS. GOLF COURSES WILL BE REMOVED FROM GROUNDWATER IN VARIOUS YEARS BEGINNING IN JANUARY OF FY 2000/01. RATE INCREASES ARE EFFECTIVE AT THE BEGINNING OF EACH APPLICABLE FISCAL YEAR. NO BORROWING IS REQUIRED TO MEET FINANCIAL OBLIGATIONS. PERSONNEL COSTS INCREASE 5% ANNUALLY FOR COLA AND MERIT. �J OPERATIONS AND MAINTENANCE COSTS INCREASE 2.3% ANNUALLY FOR INFLATION. f 1 DEBT SERVICE DOES NOT FALL BELOW THE REQUIRED 1.25:1 RATIO. (l THE UTILITY DOES NOT RUN AT A LOSS FOR MORE THAN 2 CONSECUTIVE YEARS. U THE MINIMUM CASH BALANCES MEET OR EXCEED 15% OF CASH OUTLAYS EXCLUDING CAPITAL. 1 RETAINED EARNINGS MAINTAIN A POSITIVE BALANCE. 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Z Q < = N J O 0m J J z Fa W D LL W D Z) u LL 2 f J U JJy �JQy " O W W (1) W W c� QW R w W z F� V Z> Lu j z p lz W LU IX 2 W O U W a.OLL << U OuLLU) m QCOa W W U � J w w zz ¢ z W a dzOF p M O r r M 'ITN N CO) O 0000 O } LL (n W M P7 M N n LO N cor V0' M M r In L6 1 M LO M O N 000 co } LL CD O V0 a ti n GD) O (n 11 M (DN Ln h O (O N i LL O M M r n r O O Qi vi 0)le Sri (ri 0) Qi V 0 CD H 0 � 0 } LL Cl) co O W r r M O O P wi N H N co ((1 V } LL LU O w J J m Z N LL W Z f LLJ W O 2 Z N W "O U a z co LU 2 J m O m Q � O d c C7LLJa Q a U z 0> z U a CL V (9 zzQ v a z z m 00 z w APPENDIX B WATER UTILITY DEPARTMENT proposed organizational structure draft of 4.27.98 shaded boxes represent new positions related to the reorganiztion UTILITY DIRECTOR ADMINISTRATIVE III RECORDS CLERK SECRETARY m CUSTOMER SERVICE SUPERVISOR CUSTOMER SERVICE REPRESENTATIVE CUSTOMER SERVICE REPRESENTATIVE CLERK RECEPTION UTILITY ADMINISTRATOR CIVIL ENIGINEERIPROJ. MGR. I I OPERATIONS SUPERVISOR - PROJECT COORDINATOR UTILITY SERVICE WORKER III UTILITY SERVICE WORKER II UTILITY SERVICE WORKER II UTILITY SERVICE WORKER II UTILITY SERVICE WORKER II UTILITY SERVICE WORKER II UTILITY SERVICE WORKER I UTILITY SERVICE WORKER UTILITY SERVICE WORKER APPENDIX C J0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O O O O Q O O O O O O O O O O O O O O O O O O t A O M N n O V' O er 0 0 NNN0000 NO N0 000 �[] (V N O <t cV N O W r N O N top N V � N N N O O N N M .- (NV � p N 0 O W Q IL 0coo a c 0 0 0cc 0 0 0 0 0 0 O N O O N N O t` th N N N M V N O N .- } N N LL N O O 00 ,O O O O O O o 00 co 0 0 0 O O O O G O O O O 0 0 0 O O O O ' 0NV N M a top M N Or N M T 0 0 O O O O O O O O O O O O O O OO O O O O O O N O O O N N O N N r N M V N N O N tQ0 N F. LL O o c o o 0 0 0 0 0 0 0 0 0 Q O O coo 0 0 0 0 0 0 0 0 0 0 O O O o 0 0 0 0 0 0 0 0 o 0 00 N � O O N N O N Cr N O 6166 M N Q 0000 0 0 0 cc O O Om' M N O V 0 7 m N o N N o O tJ O N O N tV tV N O 00 N M N F}L V' W Z V N N N N N N N O N N N N 0 N N y N N N N N N to N to c W W w W W W W w W W W w W w W W W W W W W W ❑❑❑ Z M F-FQQ- Faa-Faa-F- F- F-aFa-Faa-F- Faa-FQQ-FQ-Faa-I-aHa FQQ-FQQ-aa-Faa-Fa--I- zZz LL N K K K K K K K 2 K K K K K K K �- m m m W ZO ❑ ❑ W W ❑ U ❑ N 3 o� Z g aa Z a � } N ❑ o W W W W U LU y Q S W H Q co W W O y 0 z U U E m U pQ K K ❑Q W 0 n� a z 0 u R a ��W3z� agWia a❑maw m° �0aUooy ❑-o w 0wUUw �Uw¢m� ?? 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Q � O O O 0 0 0 QI 0 0 0 0 0 0 N GO O O 0 0 0 O O O 0 0 0 0 QI O O O O O 0 0 0 V W� 0 0 0 0 W t0 00 a0 O O O O ONO (V OO t"]OO�VlNOg c U' W Z U am D m W W W W W W W' W W LL N co coK QW Q aW a K K K W . z N N F- z N M c 0 Z _ o a U) O N O Mna 0 0 U W N it ;k i rn_ a° Z M w y z �> g �� tna 3 H> mma z O� .a Lo 3 o K�� Q W g 0 m W NN��\ aa`�3a0 @J@JUd W QJ N M N Nv vv Ud30U C H N V 0 > N U fI� N 0 0 0 >�> n. > S 2 m N (g) m 3 m ,k ,k k W Q J�UQQ U c c c p2K. 9 j2"3 os K O a o cc m'm NQN 2dN fL � V=) rL O n a w W fnNNNNNNN U7 U)NV) W W W W W W W W W W W W W W W W W W W W W W W W LL LL LL LL LL LL LL LL LL LL LL LL U U U U U U U U U U U U W W W W W W W W W W W W Z z z z z z Z Z Z Z Z z z z z z z z Z Z Z Z Z z 0 0 0 0 0 0 0 0 0 0 0 0 U U U U U U U U U U U U LL LL LL W o W M— LL U M W W LL z O F- U W Z O z F O � LLLL D a 3 U Y� iD N a] 0 z. a a a a C6 (IfM M J J Z J U' h Za3oo3N 000w W O N �QviiiQO rooms O >z�jww�jawwww�a z¢w33w2NN33wo z (0 w q � 0 3 3 f/) H M— m z z K Z m m Z z m APPENDIX D PROPOSED RATE SCHEDULE NON -CITY CUSTOMERS METER SIZE CURRENT BASE RATE PROPOSED BASE RATE PROPOSED INCREASE CURRENT COMMODITY PER 1.000 GALS. PROPOSED COMMODITY PER 1,000 GALS. PROPOSED INCREASE PER 1,000 GALS. 5/8 X 3/4 9.75 9.85 0.10 1.71 1.73 0.02 1 24.38 24.70 0.32 1.71 1.73 0.02 1.5 48.75 49.40 0.65 1.71 1.73 0.02 2 78.00 79.00 1.00 1.71 1.73 0.02 3 156.00 158.00 2.00 1.71 1.73 0.02 4 243.75. 250.00 6.25 1.71 1.73 0.02 6 487.50 500.00 12.50 1.71 1.73 0.02 8 702.00 850.00 148.00 1.71 1.73 0.02 THE CURRENT BASE RATE INCLUDES 2,000 GALLONS OF WATER THE PROPOSED BASE RATE INCLUDES 1,000 GALLONS OF WATER PROPOSED RATE SCHEDULE "CITY" CUSTOMERS METER SIZE CURRENT BASE RATE PROPOSED BASE RATE PROPOSED INCREASE CURRENT COMMODITY PER 1,000 GALS. PROPOSED COMMODITY PER 1,000 GALS. PROPOSED INCREASE PER 1,000 GALS. 5/8 X 3/4 6.75 7.90 1.15 1.71 1.73 0.02 1 16.86 19.70 2.84 1,71 1.73 0.02 1.5 33.71 39.95 6.24 1.71 1.73 0.02 2 53.93 63.00 9.07 1.71 1.73 0.02 3 107.85 127.80 19.95 1.71 1.73 0.02 4 168.53 200.74 32.21 1.71 1.73 0.02 6 337.05 401.48 64.43 1.71 1.73 0.02 8 N/A N/A N/A 1.71 1.73 0.02 THE CURRENT BASE RATE INCLUDES 2,000 GALLONS OF WATER THE PROPOSED BASE RATE INCLUDES 1,000 GALLONS OF WATER TABLE FOR MONTHLY CHARGES AND PERCENT INCREASE COMPARISON FOR NON -CITY CUSTOMERS WITH A 518 X 314" METER GALLONS USED IN 1 MONTH MONTHLY BILL AT THE CURRENT RATE MONTHLY BILL AT THE PROPOSED RATE AMOUNT OF INCREASE PER MONTH PERCENT OF INCREASE PERCENT OF USERS 0 $ 9.75 $ 9.85 $ 0.10 1.0 1 1,000 9.75 9.86 0.10 1.0 4 2,000 9.75 11.58 1.83 18.3 4 3,000 11.46 13.31 1.85 16.1 6 4,000 13.17 15.04 1.87 14.2 7 5,000 14.88 16.77 1.89 12.7 9 6,000 16.59 18.50 1.91 11.5 9 7,000 18.30 20.23 1.93 10.5 9 8,000 20.01 21.96 1.95 9.7 8 9,000 21.72 23.69 1.97 9.1 6 10,000 23.43 25.42 1.99 8.5 6 11,000 25A4 27.15 2.01 8.0 5 12,000 26.85 28.88 2.03 7.6 4 13,000 28.56 30.61 2.05 7.2 4 14,000 30.27 32.34 2.07 6.8 3 15,000 31.98 34.07 2.09 6.5 2 33.69 35.80 2.11 6.3 2 35.40 37.53 2.13 6.0 2 37.11 39.26 2.15 5.8 2 R22,00000 38.82 40.99 2.17 5.6 1 40.53 42.72 2.19 5.4 1 42.24 44.45 2.21 5.2 1 43.95 46.18 2.23 5.1 1 23,000 45.66 47.91 2.25 4.9 1 24,000 47.37 49.64 2.27 4.8 1 25,000 49.08 51.37 2.29 4.7 <1 26,000 50.79 53.10 2.31 4.5 <1 27,000 52.50 54.83 2.33 4.4 <1 28,000 54.21 56.56 2.35 4.3 <1 29,000 55.92 58.29 2.37 4.2 <1 30,000 57.63 60.02 2.39 4.1 <1 31,000 59.34 61.75 2.41 4.1 <1 32,000 61.05 63.48 2.43 4.0 <1 33,000 62.76 65.21 2.45 3.9 <1 34,000 64.47 66.94 2.47 3.8 <1 35,000 66.18 68.67 2.49 3.8 <1 36,000 67.89 70.40 2.51 3.7 <1 37,000 69.60 72.13 2.53 3.6 <1 38,000 71.31 73.86 2.55 3.6 <1 39,000 73.02 75.59 2.57 3.511 <1 40,000 74.731 77.321 2.591 3.51 <1 THE "PERCENT OF USERS" COLUMN REPRESENTS THE PERCENTAGE OF CUSTOMERS WHO RECEIVED A MONTHLY BILL FOR THAT AMOUNT WHEN COMPARED TO THE OTHER CUSTOMERS WITH THE SAME METER SIZE DURING A 12 MONTH PERIOD ENDING NOV. 97. TABLE FOR MONTHLY CHARGES AND PERCENT INCREASE COMPARISON FOR CITY CUSTOMERS WITH A 518 X 3/4" METER GALLONS USED IN 1 MONTH MONTHLY BILL AT THE CURRENT RATE MONTHLY BILL AT THE PROPOSED RATE AMOUNT OF INCREASE PER MONTH PERCENT OF INCREASE 0 $ 6.75 $ 7.90 $ 1.15 17.0 1,000 6.75 7.90 1.15 17.0 2,000 6.75 9.63 2.88 42.7 3,000 8.46 11.36 2.90 34.3 4,000 10.17 13.09 2.92 28.7 6,000 11.88 14.82 2.94 24.7 6,000 13.59 16.65 2.96 21.8 7,000 15.30 18.28 2.98 19.5 8,000 17.01 20.01 3.00 17.6 9,000 18.72 21.74 3.02 16.1 10,000 20.43 23.47 3.04 14.9 25,000 46.08 49.42 3.34 7.2 40,000 71.73 75.37 3.64 5.1 TABLE FOR MONTHLY CHARGES AND PERCENT INCREASE COMPARISON FOR NON -CITY CUSTOMERS WITH A I"METER GALLONS USED IN MONTH MONTHLY BILL AT THE CURRENT RATE MONTHLY BILL AT THE PROPOSED RATE AMOUNT OF INCREASE PER MONTH PERCENT OF INCREASE 0 $ 24.38 $ 24.70 $ 0.32 1.3 5,000 29.51 31.62 2.11 7.2 11,000 38.06 40.27 2.21 5.8 25,000 63.71 66.221 2.51 3.9 40,000 89.36 92.17 1 2.811 3.1 TABLE FOR MONTHLY CHARGES AND PERCENT INCREASE COMPARISON FOR NON -CITY CUSTOMERS WITH A 1 1/2" METER GALLONS USED IN MONTH MONTHLY BILL AT THE CURRENT RATE MONTHLY BILL AT THE PROPOSED RATE AMOUNT OF INCREASE PER MONTH PERCENT OF INCREASE 0 $ 48.75 $ 49.40 $ 0.65 1.3 5,000 53.88 56.32 2.44 4.5 10,000 62.43 64.97 2.54 4.1 25,000 88.08 90.921 2.841 3.2 40,000 113.73 116.871 3.141 2.8 TABLE FOR MONTHLY CHARGES AND PERCENT INCREASE COMPARISON FOR NON -CITY CUSTOMERS WITH A 2" METER GALLONS USED IN 1 MONTH MONTHLY BILL AT THE CURRENT RATE MONTHLY BILL AT THE PROPOSED RATE AMOUNT OF INCREASE PER MONTH PERCENT OF INCREASE 0 $ 78.00 $ 79.00 $ 1.00 1.3 5,000 83.13 85.92 2.79 3.4 10,000 91.68 94.57 2.89 3.2 25,000 117.33 120.621 3.191 2.7 40,000 142.98 1 146.471 3.491 2.4 TABLE FOR MONTHLY CHARGES AND PERCENT INCREASE COMPARISON FOR NON -CITY CUSTOMERS WITH A 3" METER GALLONS USED IN 1 MONTH MONTHLY BILL AT THE CURRENT RATE MONTHLY BILL AT THE PROPOSED RATE AMOUNT OF INCREASE PER MONTH PERCENT OF INCREASE 0 $ 156.00 $ 158.00 $ 2.00 1.3 5,000 161.13 164.92 3.79 2.4 10,000 169.68 173.57 3.89 2.3 25,000 195.33 199.52 4.19 2.1 40,000 220.98 1 225.471 4.491 2.0 TABLE FOR MONTHLY CHARGES AND PERCENT INCREASE COMPARISON FOR NON -CITY CUSTOMERS WITH A 4" METER GALLONS USED IN MONTH MONTHLY BILL AT THE CURRENT RATE MONTHLY BILL AT THE PROPOSED RATE AMOUNT OF INCREASE PER MONTH PERCENT OF INCREASE 0 $ 243.75 $ 250.00 $ 6.25 2.6 5,000 248.88 256.92 8.04 3.2 10,000 257.43 265.57 8.14 3.2 25,000 283,08 291.521 8.441 3.0 40,000 308.73 1 317.471 8.741 2.8 TABLE FOR MONTHLY CHARGES AND PERCENT INCREASE COMPARISON FOR NON -CITY CUSTOMERS WITH A 6" METER GALLONS USED IN MONTH MONTHLY BILL AT THE CURRENT RATE MONTHLY BILL AT THE PROPOSED RATE AMOUNT OF INCREASE PER MONTH PERCENT OF INCREASE 0 $ 487.50 $ 500.00 $ 12.50 2.6 5,000 492.63 506.92 14.29 2.9 10,000 501.18 515.57 14.39 2.9 25,000 526.83 541.52 14.69 2.8 40,000 1 552.48 1 567.471 14.991 2.7 TABLE FOR MONTHLY CHARGES AND PERCENT INCREASE COMPARISON FOR NON -CITY CUSTOMERS WITH A 8" METER GALLONS USED IN MONTH MONTHLY BILL AT THE CURRENT RATE MONTHLY BILL AT THE PROPOSED RATE AMOUNT OF INCREASE PER MONTH PERCENT OF INCREASE 0 $ 702.00 $ 850.00 $ 148.00 21.1 5,000 707.13 856.92 149.79 21.2 10,000 716.68 865.67 149.89 20.9 25,000 741.33 891.52 160.191 20.3 40,000 766.98 1 917.471 150.49 19.6 APPENDIX E ORO VALLEY WATER ENTERPRISE FUND ESTIMATED INCOME STATEMENT Budget FY 1997/98 Budget Estimated Actuals FY 1997/98 Request FY 1998/99 OPERATING REVENUES: Water Sales: Unmetered/Wholesale $". 94,679 $ 34,588 $ 37,708 Residential 2,577,628 2,615,563 2,865,652 Commercial 218,914 228,944 249,589 Irrigation 326,594 315,828 344,308 Turf Related 824,851 804,187 876,705 Construction 37,035 118,590 129,284 Subtotal Water Sales $ 4,079,701 $ 4,117,700 $ 4,503,246 Other Revenue: Miscellaneous Service $ 85,900 $ 68,500 $ 78,000 Meter Income 58,500 70,000 78,000 New Service Establsihment Fees Reconnect Fees Miscellaneous Subtotal Other Revenue $ 144,400 $ 138,500 $ 156,000 Total Operating Revenues $ 4,224,101 $ 4,256,200 $ 4,659,246 OPERATING EXPENSES: Personnel $ 565,614 $ 498,121 $ 734,965 Operations & Maintenance 1,380,807 1,350,492 1,501,413 Depreciation 1,182, 566 1,053,095 1,159,649 Amortization 44,575 44,575 44,575 Total Operating Expenses $ 3,173,562 $ 2,946,283 $ 3,440,602 Operating Income $ 1,050,539 $ 1,309,917 $ 1,218,644 NON -OPERATING REVENUES (EXPENSES): Interest Revenue $ 90,000 $ 250,000 $ 32,044 Interest Expense (1,494,100) (1,494,100) (1,487,438) Total Non -Operating Revenues (Expenses) $ (1,404,100) $ (1,244,100) $ (1,455,394) Net Income (Loss) $ (353,561) $ 65,817 $ (236,750) Retained Earnings, beginning of year $ 477,784 $ 543,601 Retained Earnings, end of year $ 543,601 $ 306,851 ORO VALLEY WATER ENTERPRISE FUND ESTIMATED STATEMENT OF CASH FLOWS INCREASE (DECREASE) IN CASH: Estimated Actuals FY 1997/98 Request FY 1998/99 Cash flows from operating activities: Cash received from water revenues $ " 4,117,700 $ 4,503,246 Cash received from other revenues 138,500 156,000 Cash payments for operating expenses (1,848,613) (2,236,378) Net cash provided(used) by operating activity $ 2,407,587 $ 2,422,868 Cash flows from capital & financing activities: Improvements $ (1,012,527) $ (1,942,088) Machinery & Equipment (75,175) (250,800) Vehicles (129,000) (152,000) Interest expense (1,494,100) (1,487,438) Principal payments (100,000) (325,000) Net cash provided(used) from capital & financing activities $ (2,810,802) $ (4,157,326) Cash flows from investing activities: Interest $ 250,000 $ 32,044 Net cash provided by investing activities $ 250,000 $ 32,044 Net increase (decrease) in cash $ (153,215) $ (1,702,414) Cash at beginning of year $ 3,610,603 $ 3,457,388 CASH A T END OF YEAR $ 3,457,388 $ 1,754,974 ORO VALLEY WATER CONNECTION FEE FUND ESTIMATED INCOME STATEMENT Budget FY 1997/98 Budget Estimated Actuals FY 1997/98 Request FY 1998/99 REVENUES: Connection Fees $ 241,250 $ 300,000 $ 351,000 Total Revenues $ 241,250 $ 300,000 $ 351,000 EXPENSES: Capital Improvements $ 785,600 $ 798,128 $ 20,000 Total Expenses $ 785,600 $ 798,128 $ 20,000 Surplus (Deficit) $ (544,350) $ (498,128) $ 331,000 NON -OPERATING REVENUES (EXPENSES): Interest Revenue $ $ $ - Interest Expense (30,670) Total Non -operating Revenues (expenses) $ $ $ (30,670) Loan Proceeds From General Fund $ 699,850 $ 557,628 $ - Net Income (Loss) $ 155,500 $ 59,500 $ 300,330 Fund Balance, beginning of year $ 162,361 $ 221,861 Fund Balance, end of year $ 221,861 $ 522,191 ORO VALLEY WATER CONNECTION FEE FUND ESTIMATED STATEMENT OF CASH FLOWS INCREASE (DECREASE) IN CASH: Estimated Actuals FY 1997/98 Request FY 1998/99 Cash flows from operating activities: Cash received from connection fees $ 300,000 $ 351,000 Cash payments for operating expenses 0 0 Net cash provided(used) by operating activity $ 300,000 $ 351,000 Cash Flows from capital & financing activities: Improvements $ (798,128) $ (20,000) Interest expense (30,670) Principal payments - (55,763) Loan proceeds from General Fund 557,628 Net cash provided (used) from capital and financing activities $ (240,500) $ (106,433) Cash Flows from investing activities: Interest Revenue $ $ Net cash provided by investing activities $ $ - Net increase in cash $ 59,500 $ 244,567 Cash at beginning of year $ 191,323 $ 250,823 CASH AT END OF YEAR $ 250,823 $ 495,390 ORO VALLEY WATER ALTERNATIVE WATER RESOURCE FUND ESTIMATED INCOME STATEMENT Budget FY 1997/98 Budget Estimated Actuals FY 1997/98 Request FY 1998/99 REVENUES: Impact Fees $ 175,500 $ 280,000 $ 234,000 Total Revenues $ 175,500 $ 280,000 $ 234,000 EXPENSES: Operations & Maintenance $ 100.000 $ 20,000 $ 120,000 Capital Outlay 188,000 - 124,000 Total Expenses $ 288,000 $ 20,000 $ 244,000 Surplus (Deficit) $ (112,500) $ 260,000 $ (10,000) NON -OPERATING REVENUES (EXPENSES): Interest Revenue $ - $ 10,000 $ 10,000 Interest Expense - - - Total Non -operating Revenues (expenses) $ - $ 10,000 $ 10,000 Net Income (Loss) $ (112,500) $ 270,000 $ - Fund Balance, beginning of year $ 141,377 $ 411,377 Fund Balance, end of year $ 411,377 $ 411,377 ORO VALLEY WATER ALTERNATIVE WATER RESOURCE FUND ESTIMATED STATEMENT OF CASH FLOWS INCREASE (DECREASE) IN CASH: Estimated Actuals FY 1997/98 Request FY 1998/99 Cash flows from operating activities: Cash received from impact fees $ 280,000 $ 234,000 Cash payments for operating expenses (20.000) (120,000) Net cash provided(used) by operating activity $ 260,000 $ 114,000 Cash Flows from capital & financing activities: Improvements $ - $ (124.000) Interest expense - Principal payments - Net cash provided (used) from capital and financing activities $ - $ (124,000) Cash flows from investing activities: Interest Revenue $ 10,000 $ 10,000 Net cash provided by investing activities $ 10,000 $ 10,000 Net increase in cash $ 270,000 $ - Cash at beginning of year $ 140.886 $ 410,886 CASH AT END OF YEAR $ 410,886 $ 410,886 APPENDIX F f I NO RATE INCREASE FINANCIAL SCENARIO THE FOLLOWING ARE THE ASSUMPTIONS USED IN PREPARING THESE PROJECTIONS: GROWTH IS BASED ON THE ADDITION OF 780 RESIDENTIAL CUSTOMERS IN FY 1998/99 AND 675 NEW RESIDENTIAL CUSTOMERS PER YEAR THEREAFTER. TrIE OV# 1 CUSTOMER BASE HAS NOT BEEN INCLUDED. ` I PLANT ADDITIONS FOR THE OV# 1 SYSTEM ARE NOT INCLUDED IN THE C1P SCHEDULE. CONNECTION FEES HAVE BEEN INCREASED TO $2,000 PER RESIDENTIAL UNIT BEGINNING IN FY 1999/00 AND ARE APPLICABLE TO ONLY 80% OF NEW CONNECTIONS TO ALLOW FOR �nI EXEMTIONS AND PRE -PAYMENTS. GOLF COURSES WILL BE REMOVED FROM GROUNDWATER IN VARIOUS YEARS BEGINNING IN JANUARY OF FY 2000/01. TrIERE ARE NO PROPOSED RATE INCREASES. THERE IS NO PROPOSED BORROWING TO MEET FINANCIAL OBLIGATIONS. PERSONNEL COSTS INCREASE 5% ANNUALLY FOR COLA AND MERIT. OPERATIONS AND MAINTENANCE COSTS INCREASE 2.3% ANNUALLY FOR INFLATION. LJ c0 c) M (0 0 7 N c0 w O 7 Ico n N 07 m m n ' r 0 co N n O N 7 n Cl) (0 n M (0 m 0 (O M 7 n N N r V I 7 N 00 N Ld 7 7 (O M� 7 7 (A c0 7 N 4 N m V O c0 CC) 00 Cl) m O 0 V' 00 N N N O co P LL N r N ` N N 00 c0 (O N r r 7 00 7 r O M (n v 7 (O M n 7 n 0 W m 7 M m (D (O N CMN' n n n n CO O n o N O O c0 t` M o cn 00 N f0 (0 N M (0 m f� co O co N co I n. 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