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HomeMy WebLinkAbout10 WATER RATES 10-20-09• Agenda Item 10 REPORT Reviewed: AGENDA City Manager Finance Director MEETING DATE: OCTOBER 20, 2009 TO: WILLIAM A. HUSTON, CITY MANAGER FROM: PAMELA ARENDS-KING, FINANCE DIRECTOR DOUGLAS S. STACK, ACTING PUBLIC WORKS DIRECTOR/ CITY ENGINEER SUBJECT: ADOPTION OF RETAIL WATER RATES SUMMARY: At the September 1, 2009 meeting City Council directed staff to provide additional water rate options. Staff presented two options at prior council meetings and developed four additional options. Water rate increase Option 1 was presented at the August 4, 2009 meeting and Option 2 was presented at the September 1, 2009 meeting. Options 3 through 5 reduce the water rate increase, delays debt financing for the construction of the Rawlings Reservoir, Tustin Avenue well, the Simon Ranch Reservoir and Booster Station and the Beneta Well; delays pay-as-you-go capital projects; and delays the replenishment of cash reserves. Option 6 is a 1 -year rate increase that eliminates operating loss while meeting existing bond covenants. RECOMMENDATION: Pleasure of the City Council: 1. Adopt Option 1 water rate increase resolution as presented on August 4, 2009. 2. Adopt Option 2 water rate increase resolution as presented on September 1, 2009 3. Adopt Option 3 water rate increase resolution. 4. Adopt Option 4 water rate increase resolution. 5. Adopt Option 5 water rate increase resolution. 6. Adopt Option 6 water rate increase resolution. If any rate option is approved, the corresponding rate increase will be effective October 21, 2009. ADOPTION OF RETAIL WATER RATES RESOLUTION NO. 09-41 OCTOBER 20, 2009 Page 2 FISCAL IMPACT: Option 1: This water rate increase would provide an adequate revenue stream to proceed with the debt issuance for construction of the Rawlings Reservoir and Tustin Avenue Well to February 2010 and construction of the Simon Ranch Reservoir and Booster Station and Beneta Well to fiscal year 12/13; completes pay-as-you-go capital improvements; meets existing bond covenants; and replenishes cash reserves within five years. Option 2: The smoothed or flattened water rate increase will delay debt issuance for construction of the Rawlings Reservoir and Tustin Avenue Well to October 2010 and construction of the Simon Ranch Reservoir and Booster Station and Beneta Well to fiscal year 13/14; defers pay-as-you-go capital improvements for two years; meet existing bond covenants; and replenishes cash reserves within four years. Option 3: This water rate increase will delay debt issuance for the construction of the Rawlings Reservoir and Tustin Avenue Well to October 2010 and construction of the Simon Ranch Reservoir and Booster Station and Beneta Well to fiscal year 13/14; defers pay-as-you-go capital improvements for three years; meets existing bond covenants; and delay replenishing cash reserves to five years. Option 4: This water rate increase will delay debt issuance for construction of the Rawlings Reservoir and Tustin Avenue Well to July 2011; eliminates the second debt issuance to pay for the construction of the Simon Ranch Reservoir and Booster Station and Beneta Well; defers pay-as-you-go capital improvements for three years; meets existing bond covenants; and delays replenishing cash reserves to five years. Option 5: This is a 3 -year water rate increase that delays debt issuance construction of the Rawlings Reservoir and Tustin Avenue Well to October 2010; eliminates the second debt issuance to pay for the construction of the Simon Ranch Reservoir and Booster Station and Beneta Well; defers pay-as-you-go capital improvements; meets existing bond covenants; and eliminates the replenishment of cash reserves. Option 6: This is a 1 -year water rate increase that eliminates the operating loss and meets existing bond covenants. BACKGROUND: The City Council held a public hearing on the proposed water rate increases at its meeting on August 4, 2009. The rate increases presented to the City Council were based on the City's adopted 2000 Water Master Plan. The adopted 2000 Water Master Plan is one of four pillars of the City's "Water Business Plan," the other three include the Urban Water Management Plan, Seven-year Capital Improvement Plan, and the annual Operating & Maintenance Budget. The Water Master Plan essentially serves as the short and long-term strategic planning document that gives the basis and assurance that capital dollars/investment are prioritized in the most effective fashion. The Water Master Plan contains very detailed and descriptive evaluations of demand, supply, ADOPTION OF RETAIL WATER RATES RESOLUTION NO. 09-41 OCTOBER 20, 2009 Page 3 storage, distribution/production, system analysis, and water capital improvement. The Master Plan as well as previous engineering studies in evaluating the Foothill, Rawlings, and Simon Ranch reservoirs noted that these reservoirs have not and will not ever completely comply with current seismic code requirements due to age, condition, and dated construction/design practices. Seismic tends to be overshadowed by the threat of fire only until there is an earthquake. At the public hearing and September 1, 2009 City Council meeting the City Council directed staff to return to Council with additional rate options; Option 1 (attachment 1) is the original water rate increase presented on August 4, 2009. This option has higher increases for the first two years (10.83% and 10.49% for 40 units) and significantly lower increases for the last three years for the five year rate cycle (6.94% to 6.95% for 40 units). Option 2 (attachment 2) is the water rate increase presented on September 1, 2009. This option is a smoothed water rate increase with increases of 9.57% to 9.59% for the first two years and 8.70% to 8.07% for the last three years of the rate cycle. Option 3 (attachment 3) is reduced water rate increase with increases of 2.88%, 11.57°/x, 3.64%, 3.84%, 8.10%, respectively. Option 4 (attachment 4) is a water rate increase with increases of 3.86%, 3.69%, 10.73%, 3.83%, 4.04%, respectively. Option 5 (attachment 5) is a 3 -year water rate increase with increases of 2.88%, 11.57%, and 3.64%, respectively. Option 6 (attachment 6) is a 1 -year water rate increase of 6.78%. All options have the pass through provision to offset the increasing costs of purchasing and pumping water imposed by third party agencies. The pass-through is restricted to not exceed 7% of the annual water charges to a "typical" residential user in any given fiscal year. Customers will be notified in advance on their bill of the pass-through and the charge will be a separate item on the bill. Option 2 and 3 would reduce the Water Enterprise ability to expeditiously obtain debt financing for the construction of Rawlings Reservoir and Tustin Avenue Well and the constructions of the Simon Ranch Reservoir and Booster Station and Beneta Well and delays non -debt finance capital improvement projects. Option 4 reduces the Water Enterprise ability to expeditiously obtain debt financing for the construction of Rawlings Reservoir and Tustin Avenue Well and eliminates the construction of the Simon Ranch Reservoir and Booster Station and Beneta Well due to the lack of revenues needed for debt financing. Pay-as-you-go capital improvement projects will also be delayed. Option 5 would reduce the Water Enterprise's ability to expeditiously obtain debt financing for the construction of Rawlings Reservoir and Tustin Avenue Well and eliminates the construction of the Simon Ranch Reservoir and Booster Station and Beneta Well and delays non -debt finance capital improvement projects. Option 6 eliminates the construction of any capital projects or major repairs due to lack of available funding sources. The delay in the Water Enterprise's ability to proceed with critical capital infrastructure could lead to higher operating costs in terms of more expensive purchased water should the City's wells fail. The increased costs to provide water might also increase the pass through charges. ADOPTION OF RETAIL WATER RATES RESOLUTION NO. 09-41 OCTOBER 20, 2009 Pamela Arends-King Finance Director Sean TrAn Senior rinancial Analyst Page 4 S. Stack ublic Works Director/City Engineer Attachment(s): Attachment 1 — Water Rate Increase Option 1 Attachment 2 — Water Rate Increase Option 2 Attachment 3 — Water Rate Increase Option 3 Attachment 4 — Water Rate Increase Option 4 Attachment 5 — Water Rate Increase Option 5 Attachment 6 — Water Rate Increase Option 6 Attachment 7 — August 4, 2009 Agenda Report Attachment 8 — September 1, 2009 Agenda Report Attachment 9 — August 4, 2009 PowerPoint Presentation Attachment 10 — September 1, 2009 PowerPoint Presentation Revenues (a) Fixed Charges Consumption Charges Other Revenues Total Operating Revenues Operating Expenses (b) Salaries and Benefits Maintenance and Operations Miscellaneous Capital Depreciation Expense Sources of Supply Costs Production Costs Energy Costs Total Operating Expenses Net Operating Revenue Non -Operating Revenue (Expense) Interest Income (@ 2%) (c) Water Capital Facility Charges (e) Debt Service - Interest Expense Proposed Debt Service - Interest Expense Subtotal Debt Service Interest Expense Total Non -Op Revenues/Expenses NetRevenues(Loss) Beg. Retained Earnings Net of Fixed Assets (Available for Captial Outlay 8 Debt -Principal Payments) Capital Fee Capital Outlay Non -Debt Financed Capital Improvement Projects Capital Financing Existing Debt Service Principal Payments Proposed Debt Service Principal Payments Subtotal Ending Retained Earnings Available for Captial Outly, Principal Payment & Reserves Target Reserve Balance(g) Retained Earnings Available for Captial Outlay & Principal Payments Net of Target Reserves Annual Debt Service Coverage Net Revenue (h) Total Annual Debt Service Requirements Annual Debt Service Coverage Attachment 1- Option 1 Actual FY 07-08 $3,815,957 $3,940,000 $4,749,966 $5,224,963 $5,747,459 $6,322,205 $6,954,425 $6,947,610 $6,480,000 $8,453,937 $9,510,679 $10,081,320 $10,686,199 $11,327,371 $246,129 $230,000 $235,750 $241,644 $247,685 $253,877 $260,224 $11,009,696 $10,650,000 $13,439,653 $14,977,286 $16,076,464 $17,262,281 $18,542,021 09/29/2009 3:50 PM $2,139,505 $2,220,188 $2,286,793 $2,355,397 $2,426,060 $2,498,842 $2,573,807 $2,937,385 $3,200,274 $3,396,283 $3,498,171 $3,603,116 $3,711,209 $3,822,545 $11,211 $14,500 $14,500 $14,500 $14,500 $14,500 $14,500 $1,263,653 $1,260,000 $1,265,000 $1,265,000 $1,270,000 $1,275,000 $1,275,000 $3,910,529 $4,397,499 $4,011,379 $4,011,379 $4,011,379 $4,011,379 $4,011,379 $895,564 $861,414 $1,014,600 $1,014,600 $1,014,600 $1,014,600 $1,014,600 $11,157,847 $11,953,875 $11,988,555 $12,159,047 $12,339,655 $12,525,530 $12,711,831 ($148,150) ($1.303,875) $1,451,098 $2,818,239 $3,736,809 $4,736,752 $5,830,190 $231,145 $125,700 $40,800 $33,800 $42,000 $70,300 $111,600 $0 $0 $0 $0 $0 $0 $0 ($604,351) ($591,385) ($571,105) ($543,705) ($515,305) ($485,705) ($422,908) $0 $0 ($431,968) ($849,140) ($833,717) ($1,130,862) ($1,554,382) ($604,351) ($591,385) ($1,003,073) ($1,392,845) ($1,349,022) ($1,616,567) ($1,977,290) ($373,206) ($465,685) ($962,273) ($1,359,045) ($1,307,022) ($1,546,267) ($1,865,690) ($521.356) ($1,769,560) $488,825 $1,459,194 $2,429,787 $3,190,485 $3,964,500 $6,983,895 $6,282,539 $2,039,562 $1,687,824 $2,098,861 $3,517,010 $5,579,219 $0 $0 $1,018,914 $1,025,592 $1,107,534 $1,114,212 $1,140,990 $0 $1,953,417 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $180,000 $520,000 $685,000 $710,000 $740,000 $770,000 $800,000 $0 $0 $174,476 $363,749 $379,173 $472,488 $610,850 $180,000 $520,000 $859,476 $1,073,749 $1,119,173 $1,242,488 $1,410,850 $6,282,539 $2,039,562 $1,687,824 $2,098,861 $3,517,010 $5,579,219 $8,273,859 $5,578,923 $5,976,938 $5,994,278 $6,079,524 $6,169,828 $6,262,765 $6,355,915 $703,615 ($3,937,376) ($4,306,453) ($3,980,662) ($2,652,817) ($683,546) $1,917,944 $1,166,648 $81,825 $3,775,812 $5,142,631 $6,156,343 $7,196,264 $8,357,780 $898,351 $1,111,385 $1,862,550 $2,466,594 $2,468,194 $2,859,055 $3,388,140 130% 7% 203% 208% 249% 252% 247% Page 1 of 3 Attachment 1- Option 1 Bi -Monthly Bill for 5/8 & 3/4 size meters (includes Capital Fee) % Change From Previous Year 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 $71.82 $88.52 $105.22 $123.62 $142.02 FY 09/10 $79.59 $98.69 $120.79 $145.89 $170.99 FY 10/11 $87.94 $109.44 $134.34 $162.54 $190.74 FY 11/12 $94.04 $116.84 $143.24 $173.14 $203.04 FY 12/13 $100.62 $124.82 $152.72 $184.42 $216.12 FY 13/14 $107.61 $133.21 $162.81 $196.41 $230.01 Page 2 of 3 09/29/2009 11:38 AM % Change From Previous Year 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 FY 09/10 10.82% 11.49% 14.80% 18.01% 20.40% FY 10/11 10.49% 10.89% 11.22% 11.41% 11.55% FY 11/12 6.94% 6.76% 6.62% 6.52% 6.45% FY 12/13 1 7.00% 6.83% 6.62% 6.51% 6.44% FY 13/14 6.95% 6.72% 6.61% 6.50% 6.43% Total 42.19% 42.69% 45.87% 48.97% 51.27% Page 2 of 3 09/29/2009 11:38 AM Attachment 1- Option 1 09/29/2009 11:38 AM Tier Structure & Charges (Small Meters) 0-10 11-20 21-30 31-40 41-50 51-60 61+ 1 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier 09/10 $0.58 $1.01 $1.31 $1.61 $1.91 $2.21 $2.51 10/11 $0.65 $1.14 $1.47 $1.81 $2.15 $2.49 $2.82 11/12 $0.69 1 $1.21 $1.56 $1.92 1 $2.28 1 $2.64 $2.99 12/13 $0.73 $1.28 $1.66 $2.04 $2.42 $2.79 $3.17 13/14 $0.78 $1.35 $1.76 $2.16 $2.56 $2.96 $3.36 09/29/2009 11:38 AM High > 110% of prior year consumption Normal 90% - 110% of prior year consumption Low < 90% of prior year consumption Page 3 of 3 Tier Structure & Charges (Large Meters - 2" & Greater) 0-10 1 11-20 1 21-30 1 31-40 1 41-50 1 51-60 1 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier High $0.70 $1.22 $1.59 $1.95 $2.31 $2.67 $3.04 09/10 Normal $0.64 $1.11 $1.44 $1.77 $2.10 $2.43 $2.76 Low $0.58 $1.01 $1.31 $1.61 $1.91 $2.21 $2.51 High $0.79 $1.38 $1.78 $2.19 $2.60 $3.01 $3.42 10/11 Normal $0.72 $1.25 $1.62 $1.99 $2.36 $2.74 $3.11 Low $0.65 $1.14 $1.47 $1.81 $2.15 $2.49 $2.82 High $0.84 $1.46 $1.89 $2.32 $2.76 $3.19 $3.62 11/12 Normal $0.76 $1.33 $1.72 $2.11 $2.51 $2.90 $3.29 Low $0.69 $1.21 $1.56 $1.92 $2.28 $2.64 $2.99 High $0.89 $1.55 $2.00 $2.46 $2.92 $3.38 $3.84 12/13 Normal $0.81 $1.41 $1.82 $2.24 $2.66 $3.07 $3.49 Low $0.73 $1.28 $1.66 $2.04 $2.42 $2.79 $3.17 High $0.94 $1.64 $2.12 $2.61 $3.10 $3.58 $4.07 13/14 Normal $0.86 $1.49 $1.93 $2.37 $2.82 $3.26 $3.70 Low 1 $0.78 $1.35 $1.76 $2.16 $2.56 $2.96 $3.36 High > 110% of prior year consumption Normal 90% - 110% of prior year consumption Low < 90% of prior year consumption Page 3 of 3 Attachment 2 - Option 2 09/29/2009 3:50 PM Description Actual FY 07-08 FY 08-09 FY 09-10 Projected FY 10-11 FY 11-12 FY 12-13 FY 13-14 Notes Revenues (a) 5 years - 44.22% Increase, Fixed Charges $3,815,957 $3,940,000 $4,479,977 $5,224,963 $5,747,459 $6,322,205 $6,954,425 2 Bond Issuances (FY 10/11 & Consumption Charges $6,947,610 $6,480,000 $7,649,831 $9,165,273 $9,990,148 $10,809,340 $11,695,706 FY 13/14), Other Revenues $246,129 $230,000 $235,750 $241,644 $247,685 $253,877 $260,224 Delay pay-as-you-go Capital Total Operating Revenues $11,009,696 $10,650,000 $12,365,559 $14,631,880 $15,985,292 $17,385,422 $18,910,355 program to FY 11/12, Operating Expenses (b) Salaries and Benefits $2,139,505 $2,220,188 $2,286,793 $2,355,397 $2,426,060 $2,498,842 $2,573,807 Maintenance and Operations $2,937,385 $3,200,274 $3,396,283 $3,498,171 $3,603,116 $3,711,209 $3,822,545 Miscellaneous Capital $11,211 $14,500 $14,500 $14,500 $14,500 $14,500 $14,500 Depreciation Expense $1,263,653 $1,260,000 $1,265,000 $1,265,000 $1,270,000 $1,275,000 $1,275,000 Sources of Supply Costs Production Costs $3,910,529 $4,397,499 $4,011,379 $4,011,379 $4,011,379 $4,011,379 $4,011,379 Energy Costs $895,564 $861,414 $1,014,600 $1,014,600 $1,014,600 $1,014,600 $1,014,600 Total Operating Expenses $11,157,847 $11,953,875 $11,988,555 $12,159,047 $12,339,655 $12,525,530 $12,711,831 Net Operating Revenue ($148,150) ($1,303,875) $377,004 $2,472,833 $3,645,637 $4,859,892 $6,198,525 Non -Operating Revenue (Expense) Interest Income 1@ 2%)(c) $231,145 $125,700 $40,800 $44,400 $72,000 $99,100 $151,200 Water Capital Facility Charges (e) $0 $0 $0 $0 $0 $0 $0 Debt Service- Interest Expense ($604,351) ($591,385) ($571,105) ($543,705) ($515,305) ($485,705) ($422,908) Proposed Debt Service- Interest Expense $0 $0 $0 ($647,953) ($849,140) ($833,717) ($1,643,539) Subtotal Debt Service Interest Expense $604,351 $591,385 $571,105 $1,191,658 $1,364,445 $1,319,422 $2,066,447 Total Non -Op Revenues/Expenses ($373,206) ($465,685) ($530,305) ($1,147,258) ($1,292,445) ($1,220,322) ($1,915,247) Net Revenues(Loss) ($521,356) ($1,769,560) ($153,301) $1,325,576 $2,353,192 $3,639,571 $4,283,277 Beg. Retained Earnings Net of Fixed Assets $6,983,895 $6,282,539 $2,039,562 $2,220,175 $3,599,628 $4,956,604 $7,561,214 (Available for Captial Outlay & Debt -Principal Payments) Capital Fee $0 $0 $1,018,914 $1,025,592 $1,107,534 $1,114,212 $1,140,990 Capital Outlay Non -Debt Financed Capital Improvement Projects $0 $1,953,417 $0 $0 $1,000,000 $1,000,000 $1,000,000 Capital Financing Existing Debt Service Principal Payments $180,000 $520,000 $685,000 $710,000 $740,000 $770,000 $800,000 Proposed Debt Service Principal Payments $0 $0 $0 $261,715 $363,749 $379,173 $569,362 Subtotal $180,000 $520,000 $685,000 $971,715 $1,103,749 $1,149,173 $1,369,362 Ending Retained Earnings Available for Captial Outly, Principal Payment & Reserves $6,282,539 $2,039,562 $2,220,175 $3,599,628 $4,956,604 $7,561,214 $10,616,119 Target Reserve Balance(g) $5,578,923 $5,976,938 $5,994,278 $6,079,524 $6,169,828 $6,262,765 $6,355,915 Retained Earnings Available for Captial Outlay & Principal Payments Net of Target Reserves $703,615 ($3,937,376) ($3,774,103) ($2,479,896) ($1,213,223) $1,298,449 $4,260,204 Annual Debt Service Coverage Net Revenue (h) $1,166,648 $81,825 $2,701,718 $4,807,825 $6,095,171 $7,348,204 $8,765,715 Total Annual Debt Service Requirements $898,351 $1,111,385 $1,256,105 $2,163,372 $2,468,194 $2,468,594 $3,435,810 Annual Debt Service Coverage 130% 7% 215% 222% 247% 298% 2551 Page 1 of 3 Attachment 2 - Option 2 Bi -Monthly Bill for 5/8 & 3/4 size meters (includes Capital Fee) 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 $71.82 $88.52 $105.22 $123.62 $142.02 FY 09/10 $78.69 $97.29 $118.79 $143.19 $167.59 FY 10/11 $86.24 $106.94 $130.84 $157.94 $185.04 FY 11/12 $93.74 $116.24 $142.24 $171.84 $201.44 FY 12/13 $101.52 $125.92 $154.12 $186.12 $218.12 FY 13/14 1 $109.71 $136.11 $166.61 $201.21 $235.81 Page 2 of 3 09/29/2009 11:43 AM % Change From Previous Year 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 FY 09/10 9.57% 9.91% 12.90% 15.83% 18.00% FY 10/11 9.59% 9.92% 10.14% 10.30% 10.41% FY 11/12 8.70% 8.70% 8.71% 8.80% 8.86% FY 12/13 8.30% 8.33% 8.35% 8.31% 8.28% FY 13/14 8.07% 8.09% 8.10% 8.11% 8.11% Total 44.22% 44.94% 48.21% 51.35% 53.67% Page 2 of 3 09/29/2009 11:43 AM Attachment 2 - Option 2 09/29/2009 11:44 AM Tier Structure & Charges (Small Meters) 0-10 11-20 21-30 31-40 41-50 51-60 61+ 1 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier 09/10 $0.58 $0.99 $1.28 $1.57 $1.86 $2.15 $2.44 10/11 $0.64 $1.10 $1.42 $1.74 $2.07 $2.39 $2.71 11/12 $0.70 $1.20 $1.55 $1.90 $2.25 $2.60 $2.96 12/13 $0.76 1 $1.30 $1.68 $2.06 $2.44 $2.82 $3.20 13/14 $0.82 1 $1.40 $1.81 $2.23 $2.64 1 $3.05 $3.46 09/29/2009 11:44 AM High > 110% of prior year consumption Normal 90% -110% of prior year consumption Low < 90% of prior year consumption Page 3 of 3 Tier Structure & Charges (Large Meters - 2" & Greater) 0-10 11-20 1 21-30 1 31-40 41-50 1 1-60 1 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier High $0.70 $1.19 $1.55 $1.90 $2.25 $2.60 $2.95 09/10 Normal $0.63 $1.09 $1.40 $1.72 $2.04 $2.36 $2.68 Low $0.58 $0.99 $1.28 $1.57 $1.86 $2.15 $2.44 High $0.78 $1.33 $1.72 $2.11 $2.50 $2.89 $3.28 10/11 Normal $0.71 $1.21 $1.56 $1.92 $2.27 $2.63 $2.98 Low $0.64 $1.10 $1.42 $1.74 $2.07 $2.39 $2.71 High $0.85 $1.45 $1.87 $2.30 $2.73 $3.15 $3.58 11/12 Normal $0.77 $1.32 $1.70 $2.09 $2.48 $2.87 $3.25 Low $0.70 $1.20 $1.55 $1.90 $2.25 $2.60 $2.96 High $0.92 $1.57 $2.03 $2.49 $2.95 $3.41 $3.87 12/13 Normal $0.83 $1.43 $1.84 $2.26 $2.68 $3.10 $3.52 Low $0.76 $1.30 $1.68 $2.06 $2.44 $2.82 $3.20 High $0.99 $1.70 $2.19 $2.69 $3.19 $3.69 $4.19 13/14 Normal $0.90 $1.54 $2.00 $2.45 $2.90 $3.35 $3.81 Low 1 $0.82 $1.40 $1.81 $2.23 $2.64 $3.05 $3.46 High > 110% of prior year consumption Normal 90% -110% of prior year consumption Low < 90% of prior year consumption Page 3 of 3 Attachment 3 - Option 3 09/29/2009 3:51 PM Description Actual FY 07-08 FY 08-09 FY 09-10 Projected FY 10-11 FY 11-12 FY 12-13 FY 13-14 Notes Revenues(a) 5 year -30.04% Increase, Fixed Charges $3,815,957 $3,940,000 $4,479,977 $5,224,963 $5,747,459 $6,322,205 $6,954,425 2 bond issuance (FY10/11 & FY Consumption Charges $6,947,610 $6.480,000 $7,250,411 $8,858,595 $9,059,208 $9,274,919 $10,016,912 13/14), Other Revenues $246,129 $230,000 $235,750 $241,644 $247,685 $253,877 $260,224 Delay Pay-as-you-go capital Total Operating Revenues $11,009,696 $10,650,000 $11,966,139 $14,325.202 $15,054,352 $15,851,000 $17,231,561 program to FY 12/13, Does not meet reserve goal Operating Expenses (b) Salaries and Benefits $2,139,505 $2,220,188 $2,286,793 $2,355,397 $2,426,060 $2,498,842 $2,573,807 Maintenance and Operations $2,937,385 $3,200,274 $3,396,283 $3,498,171 $3,603,116 $3,711,209 $3,822,545 Miscellaneous Capital $11,211 $14,500 $14,500 $14,500 $14,500 $14,500 $14,500 Depreciation Expense $1,263,653 $1,260,000 $1,265,000 $1,265,000 $1,270,000 $1,275,000 $1,275,000 Sources of Supply Costs Production Costs $3,910,529 $4,397,499 $4,011,379 $4,011,379 $4,011,379 $4,011,379 $4,011,379 Energy Costs $895,564 $861,414 $1,014,600 $1,014,600 $1,014,600 $1,014,600 $1,014,600 Total Operating Expenses $11,157,847 $11,953,875 $11,988,555 $12,159,047 $12,339,655 $12,525,530 $12,711,831 Net Operating Revenue ($148,150) ($1,303.875) ($22.416) $2,166,155 $2,714,697 $3,325,471 $4,519,731 Non -Operating Revenue (Expense) Interest Income (@ 2%)(c) $231,145 $125,700 $40,800 $36,400 $57,700 $85,900 $107,100 Water Capital Facility Charges (e) $0 $0 $0 $0 $0 $0 $0 DebtService- Interest Expense ($604,351) ($591,385) ($571,105) ($543,705) ($515,305) ($485,705) ($422,908) Proposed DebtService - Interest Expense $0 $0 $0 ($647,953) ($849,140) ($833,717) ($1,643,539) Subtotal Debt Service Interest Expense $604,351 $591,385 $571,105 $1,191,658 $1,364,445 $1,319,422 $2,066,447 Total Non -Op Revenues/Expenses ($373,206) ($465,685) ($530,305) ($1,155,258) ($1,306,745) ($1,233,522) ($1,959,347) Net Revenues(Loss) ($521,356) ($1,769.560) ($552,721) $1,010,897 $1,407,951 $2,091,949 $2,560,383 Beg. Retained Earnings Net of Fixed Assets $6,983,895 $6,282,539 $2,039,562 $1,820,754 $2,885,529 $4,297,265 $5,354,253 (Available for Captial Outlay & Debt -Principal Payments) Capital Fee $0 $0 $1,018,914 $1,025,592 $1,107,534 $1,114,212 $1,140,990 Capital Outlay Non -Debt Financed Capital Improvement Projects $0 $1,953,417 $0 $0 $0 $1,000,000 $1,000,000 Capital Financing Existing Debt Service Principal Payments $180,000 $520,000 $685,000 $710,000 $740.000 $770,000 $800.000 Proposed Debt Service Principal Payments $0 $0 $0 $261,715 $363,749 $379,173 $569,362 Subtotal $180,000 $520,000 $685,000 $971,715 $1,103,749 $1,149,173 $1,369,362 Ending Retained Earnings Available for Captial Outly, Principal Payment & Reserves $6,282,539 $2,039,562 $1,820,754 $2,885,529 $4,297,265 $5,354,253 $6,686,264 Target Reserve Balance(g) $5,578,923 $5,976,938 $5,994,278 $6,079,524 $6,169,828 $6,262,765 $6,355,915 Retained Earnings Available for Captial Outlay & Principal Payments Net of Target Reserves $703,615 ($3,937,376) ($4.173,523) ($3.193,995) ($1,872,563) ($908.511) $330,349 Annual Debt Service Coverage Net Revenue (h) $1,166,648 $81,825 $2,302,298 $4,493,147 $5,149,931 $5,800,583 $7,042,821 Total Annual Debt Service Requirements $898,351 $1.111,385 $1,256,105 $2,163,372 $2,468,194 $2,468,594 $3,435,810 Annual Debt Service Coverage 130% 7% 183% 208% 209% 235% 205% Page 1 of 3 Attachment 3 - Option 3 Bi -Monthly Bill for 5/8 & 3/4 size meters (includes Capital Fee) % Change From Previous Year 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 $71.82 $88.52 $105.22 $123.62 $142.02 FY 09/10 $73.89 $91.09 $111.49 $135.09 $158.69 FY 10/11 $82.44 $102.24 $125.64 $152.74 $179.84 FY 11/12 $85.44 $106.04 $130.34 $158.44 $186.54 FY 12/13 $88.72 $110.12 $135.32 $164.52 $193.72 FY 13/14 $95.91 $119.01 1 $146.31 $177.91 $209.51 Page 2 of 3 09/29/2009 11:49 AM % Change From Previous Year 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 FY 09/10 2.88% 2.90% 5.96% 9.28% 11.74% FY 10/11 11.57% 12.24% 12.69% 13.07% 13.33% FY 11/12 3.64% 3.72% 3.74% 3.73% 3.73% FY 12/13 3.84% 3.85% 3.82% 3.84% 3.85% FY 13/14 8.10% 8.07% 8.12% 8.14% 8.15% Total 30.04% 30.78% 34.33% 38.05% 40.79% Page 2 of 3 09/29/2009 11:49 AM Attachment 3 - Option 3 09/29/2009 11:50 AM Tier Structure & Charges (Small Meters) 0-10 11-20 21-30 31-40 41-50 51-60 61+ 1 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier 09/10 $0.56 $0.89 $1.12 $1.37 $1.72 $2.04 $2.36 10/11 $0.64 $1.02 $1.29 $1.57 $1.98 $2.34 $2.71 11/12 $0.64 1 $1.02 1 $1.29 $1.57 $2.06 $2.43 1 $2.81 12/13 $0.64 1 $1.02 1 $1.29 $1.57 $2.14 $2.52 $2.92 13/14 $0.69 1 $1.10 1 $1.39 $1.70 $2.31 $2.73 $3.16 09/29/2009 11:50 AM High > 110% of prior year consumption Normal 90% - 110% of prior year consumption Low < 90% of prior year consumption Page 3 of 3 Tier Structure & Charges (Large Meters - 2" & Greater) 0-10 11-20 21-30 1 31-40 1 41-50 1 51-60 1 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier High $0.68 $1.08 $1.35 $1.66 $2.08 $2.47 $2.85 09/10 Normal $0.61 $0.98 $1.23 $1.51 $1.89 $2.24 $2.59 Low $0.56 $0.89 $1.12 $1.37 $1.72 $2.04 $2.36 High $0.78 $1.24 $1.56 $1.90 $2.39 $2.84 $3.28 10/11 Normal $0.71 $1.12 $1.42 $1.73 $2.17 $2.58 $2.98 Low $0.64 $1.02 $1.29 $1.57 $1.98 $2.34 $2.71 High $0.78 $1.24 $1.56 $1.90 $2.49 $2.95 $3.40 11/12 Normal $0.71 $1.12 $1.42 $1.73 $2.26 $2.68 $3.09 Low $0.64 $1.02 $1.29 $1.57 $2.06 $2.43 $2.81 High $0.78 $1.24 $1.56 $1.90 $2.59 $3.05 $3.54 12/13 Normal $0.71 $1.12 $1.42 $1.73 $2.35 $2.78 $3.21 Low $0.64 $1.02 $1.29 $1.57 $2.14 $2.52 $2.92 High $0.84 $1.34 $1.68 $2.06 $2.79 $3.30 $3.82 13/14 Normal $0.76 $1.21 $1.53 $1.87 $2.54 $3.00 $3.47 Low 1 $0.69 $1.10 $1.39 $1.70 $2.31 $2.73 $3.16 High > 110% of prior year consumption Normal 90% - 110% of prior year consumption Low < 90% of prior year consumption Page 3 of 3 Attachment 4 - Option 4 09/29/2009 3:51 PM Description Actual FY 07-08 FY 08-09 FY 09-10 Projected FY 10-11 FY 11-12 FY 12-13 FY 13-14 Notes Revenues (a) 5 Year - 26.14% Increase, Fixed Charges $3,815,957 $3,940,000 $4,479,977 $5,224,963 $5,747,459 $6,322,205 $6,954,425 1 bond issuance (FY11/12), Consumption Charges $6,947,610 $6,480,000 $7,178,600 $7,943,162 $9,027,280 $9,263,958 $9,518,413 Delay pay-as-you-go capital Other Revenues $246,129 $230,000 $235,750 $241,644 $247,685 $253,877 $260,224 program to FY 12/13, Total Operating Revenues $11,009,696 $10,650,000 $11,894,328 $13,409,768 $15,022,424 $15,840,040 $16,733,062 Operating Expenses (b) Salaries and Benefits $2,139,505 $2,220,188 $2,286,793 $2,355,397 $2,426,060 $2,498,842 $2,573,807 Maintenance and Operations $2,937,385 $3,200,274 $3,396,283 $3,498,171 $3,603,116 $3,711,209 $3,822,545 Miscellaneous Capital $11,211 $14,500 $14,500 $14,500 $14,500 $14,500 $14,500 Depreciation Expense $1,263,653 $1,260,000 $1,265,000 $1,265,000 $1,270,000 $1,275,000 $1,275,000 Sources of Supply Costs Production Costs $3,910,529 $4,397,499 $4,011,379 $4,011,379 $4,011,379 $4,011,379 $4,011,379 Energy Costs $895,564 $861,414 $1,014,600 $1,014,600 $1,014,600 $1,014,600 $1,014,600 Total Operating Expenses $11,157,847 $11,953,875 $11,988,555 $12,159,047 $12,339,655 $12,525,530 $12,711,831 Net Operating Revenue ($148,150) ($1,303,875) ($94,227) $1,250,721 $2,682,769 $3,314,510 $4,021,231 Non -Operating Revenue (Expense) Interest Income (@ 2%)(c) $231,145 $125,700 $40,800 $35,000 $56,100 $83,700 $104,600 Water Capital Facility Charges (e) $0 $0 $0 $0 $0 $0 $0 DebtService- Interest Expense ($604,351) ($591,385) ($571,105) ($543,705) ($515,305) ($485,705) ($422,908) Proposed DebtService - Interest Expense $0 $0 $0 $0 ($863,937) ($849,140) ($833,717) Subtotal Debt Service Interest Expense $604.351 $591,385 $571,105 $543,705 $1,379242 $1334845 $1256625 Total Non -Op Revenues/Expenses ($373,206) ($465,685) ($530,305) ($508,705) ($1,323,142) ($1,251,145) ($1,152,025) Net Revenues(Loss) ($521.356) ($1,769.560) ($624,532) $742,016 $1,359,627 $2,063,365 $2,869,206 Beg. Retained Earnings Net of Fixed Assets $6,983,895 $6,282,539 $2,039,562 $1,748,944 $2,806,552 $4,184,760 $5,228,588 (Available for Captial Outlay & Debt -Principal Payments) Capital Fee $0 $0 $1,018,914 $1,025,592 $1,107,534 $1,114,212 $1,140,990 Capital Outlay Non -Debt Financed Capital Improvement Projects $0 $1,953,417 $0 $0 $0 $1,000,000 $1,000,000 Capital Financing Existing Debt Service Principal Payments $180,000 $520,000 $685,000 $710,000 $740,000 $770,000 $800,000 Proposed Debt Service Principal Payments $0 $0 $0 $0 $348,953 $363,749 $379,173 Subtotal $180,000 $520,000 $685,000 $710,000 $1,088,953 $1,133,749 $1,179,173 Ending Retained Earnings Available for Captial Outly, Principal Payment & Reserves $6,282,539 $2,039,562 $1,748,944 $2,806,552 $4,184,760 $5,228,588 $7,059,612 Target Reserve Balance(g) $5,578,923 $5,976,938 $5,994,278 $6,079,524 $6,169,828 $6,262,765 $6,355,915 Retained Earnings Available for Captial Outlay & Principal Payments Net of Target Reserves $703,615 ($3,937,376) ($4,245,334) ($3,272,971) ($1,985,067) ($1,034,177) $703,696 Annual Debt Service Coverage Net Revenue (h) $1,166,648 $81,825 $2,230,487 $3,576,313 $5,116,403 $5,787,422 $6,541,821 Total Annual Debt Service Requirements $898,351 $1,111,385 $1,256,105 $1,253,705 $2,468,194 $2,468,594 $2,435,797 Annual Debt Service Coverage 130% 7% 178% 285% 207% 234% 269% Page 1 of 3 Attachment 4 - Option 4 Bi -Monthly Bill for 5/8 & 3/4 size meters (includes Capital Fee) % Change From Previous Year 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 $71.82 $88.52 $105.22 $123.62 $142.02 FY 09/10 $74.59 $91.99 $112.39 $135.79 $159.19 FY 10/11 $77.34 $95.44 $116.64 $140.94 $165.24 FY 11/12 1 $85.64 $106.64 $130.84 1 $158.54 $186.24 FY 12/13 1 $88.92 $110.82 $136.02 $164.92 $193.82 FY 13/14 1 $92.51 $115.31 $141.61 $171.81 $202.01 Page 2 of 3 09/29/2009 11:51 AM % Change From Previous Year 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 FY 09/10 3.86% 3.92% 6.81% 9.84% 12.09% FY 10/11 3.69% 3.75% 3.78% 3.79% 3.80% FY 11/12 10.73% 11.74% 12.17% 12.49% 12.71% FY 12/13 1 3.83% 3.92% 1 3.96% 4.02% 4.07% FY 13/14 4.04% 4.05% 4.11% 4.18% 4.23% Total 26.14% 27.38% 30.84% 34.33% 36.89% Page 2 of 3 09/29/2009 11:51 AM Attachment 4 - Option 4 09/29/2009 11:52 AM Tier Structure & Charges (Small Meters) 0-10 11-20 21-30 31-40 41-50 51-60 61+ 1 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier 09/10 $0.56 $0.91 $1.15 $1.39 $1.74 $2.04 $2.34 10/11 $0.56 $0.91 $1.15 $1.39 $1.81 $2.12 $2.43 11/12 $0.64 $1.03 $1.30 $1.57 $2.10 $2.42 1 $2.77 12/13 $0.64 $1.03 $1.30 $1.57 $2.19 $2.52 $2.89 13/14 $0.64 1 $1.03 $1.30 $1.57 $2.28 $2.63 $3.02 09/29/2009 11:52 AM High > 110% of prior year consumption Normal 90% -110% of prior year consumption Low < 90% of prior year consumption Page 3 of 3 Tier Structure & Charges (Large Meters - 2" & Greater) 0-10 1 11-20 1 21-30 1 31-40 1 41-50 1 51-60 1 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier High $0.68 $1.11 $1.40 $1.69 $2.11 $2.47 $2.84 09/10 Normal $0.62 $1.00 $1.27 $1.53 $1.92 $2.25 $2.58 Low $0.56 $0.91 $1.15 $1.39 $1.74 $2.04 $2.34 High $0.68 $1.11 $1.40 $1.69 $2.19 $2.57 $2.94 10/11 Normal $0.62 $1.00 $1.27 $1.53 $1.99 $2.34 $2.68 Low $0.56 $0.91 $1.15 $1.39 $1.81 $2.12 $2.43 High $0.77 $1.25 $1.58 $1.91 $2.54 $2.93 $3.35 11/12 Normal $0.70 $1.14 $1.43 $1.73 $2.31 $2.66 $3.05 Low $0.64 $1.03 $1.30 $1.57 $2.10 $2.42 $2.77 High $0.77 $1.25 $1.58 $1.91 $2.65 $3.05 $3.50 12/13 Normal $0.70 $1.14 $1.43 $1.73 $2.41 $2.77 $3.18 Low $0.64 $1.03 $1.30 $1.57 $2.19 $2.52 $2.89 High $0.77 $1.25 $1.58 $1.91 $2.76 $3.18 $3.65 13/14 Normal $0.70 $1.14 $1.43 $1.73 $2.51 $2.89 $3.32 Low $0.64 $1.03 $1.30 $1.57 $2.28 $2.63 $3.02 High > 110% of prior year consumption Normal 90% -110% of prior year consumption Low < 90% of prior year consumption Page 3 of 3 Attachment 5 - Option 5 09/29/2009 3:52 PM Description Actual FY 07-08 FY 08-09 Projected FY 09-10 FY 10-11 FY 11-12 Notes Revenues (a) 3 Years - 18.09% increase, Fixed Charges $3,815,957 $3,940,000 $4,479,977 $5,224,963 $5,747,459 1 bond issuance (FY 10/11), Consumption Charges $6,947,610 $6,480,000 $7,250,411 $8,858,595 $9,059,208 Delay pay-as-you-go capital Other Revenues $246,129 $230,000 $235,750 $241,644 $247,685 program, Total Operating Revenues $11,009,696 $10,650,000 $11,966,139 $14,325,202 $15,054,352 Operating Expenses (b) Salaries and Benefits $2,139,505 $2,220,188 $2,286,793 $2,355,397 $2,426,060 Maintenance and Operations $2,937,385 $3,200,274 $3,396,283 $3,498,171 $3,603,116 Miscellaneous Capital $11,211 $14,500 $14,500 $14,500 $14,500 Depreciation Expense $1,263,653 $1,260,000 $1,265,000 $1,265,000 $1,270,000 Sources of Supply Costs Production Costs $3,910,529 $4,397,499 $4,011,379 $4,011,379 $4,011,379 Energy Costs $895,564 $861,414 $1,014,600 $1,014,600 $1,014,600 Total Operating Expenses $11,157,847 $11.953,875 $11,988,555 $12,159,047 $12,339,655 Net Operating Revenue ($148.150) ($1.303,875) ($22,416) $2,166,155 $2,714,697 Non -Operating Revenue (Expense) Interest Income (@ 2%)(c) $231,145 $125,700 $40,800 $36,400 $57,700 Water Capital Facility Charges (e) $0 $0 $0 $0 $0 DebtService- Interest Expense ($604,351) ($591,385) ($571,105) ($543,705) ($515,305) Proposed DebtService - Interest Expense $0 $0 $0 ($647,953) ($849,140) Subtotal Debt Service Interest Expense $604,351 $591,385 $571,105 $1,191,658 $1,364,445 Total Non -Op Revenues/Expenses ($373.206) ($465,685) ($530,305) ($1,155,258) ($1,306,745) Net Revenues(Loss) ($521,356) ($1,769,560) ($552,721) $1,010,897 $1,407,951 Beg. Retained Earnings Net of Fixed Assets $6,983,895 $6,282,539 $2,039,562 $1,820,754 $2,885,529 (Available for Captial Outlay & Debt -Principal Payments) Capital Fee $0 $0 $1,018,914 $1,025,592 $1,107,534 Capital Outlay Non -Debt Financed Capital Improvement Projects $0 $1,953,417 $0 $0 $0 Capital Financing Existing Debt Service Principal Payments $180,000 $520,000 $685,000 $710,000 $740,000 Proposed Debt Service Principal Payments $0 $0 $0 $261,715 $363,749 Subtotal $180,000 $520,000 $685,000 $971,715 $1,103,749 Ending Retained Earnings Available for Captial Outly, Principal Payment & Reserves $6,282,539 $2,039,562 $1,820,754 $2,885,529 $4,297,265 Target Reserve Balance(g) $5,578,923 $5,976,938 $5,994,278 $6.079,524 $6,169,828 Retained Earnings Available for Captial Outlay & Principal Payments Net of Target Reserves $703,615 ($3,937,376) ($4.173.523) ($3,193,995) ($1,872,563) Annual Debt Service Coverage Net Revenue(h) $1,166,648 $81,825 $2,302,298 $4,493,147 $5,149,931 Total Annual Debt Service Requirements $898,351 $1,111,385 $1,256,105 $2,163,372 $2,468,194 Annual Debt Service Coverage 130% 7% 183% 208% 209% Page 1 of 3 Attachment 5 - Option 5 Bi -Monthly Bill for 5/8 & 3/4 size meters (includes Capital Fee) 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 $71.82 $88.52 $105.22 $123.62 $142.02 FY 09/10 $73.89 $91.09 $111.49 $135.09 $158.69 FY 10/11 $82.44 $102.24 $125.64 $152.74 $179.84 FY 11/12 $85.44 $106.04 $130.34 1 $158.44 1 $186.54 Page 2 of 3 09/29/2009 11:53 AM % Change From Previous Year 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 FY 09/10 2.88% 2.90% 5.96% 9.28% 11.74% FY 10/11 11.57% 12.24% 12.69% 13.07% 13.33% FY 11/12 3.64% 3.72% 3.74% 3.73% 1 3.73% Total 1 18.09% 1 18.86% 1 22.39% 26.08% 1 28.79% Page 2 of 3 09/29/2009 11:53 AM Attachment 5 - Option 5 09/29/2009 2:44 PM Tier Structure & Charges (Small Meters) 0-10 11-20 21-30 31-40 41-50 51-60 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier 09/10 $0.56 $0.89 $1.12 $1.37 $1.72 $2.04 $2.36 10/11 $0.64 $1.02 $1.29 $1.57 $1.98 $2.34 $2.71 11/12 $0.64 1 $1.02 $1.29 $1.57 $2.06 1 $2.43 $2.81 09/29/2009 2:44 PM High > 110% of prior year consumption Normal 90% - 110% of prior year consumption Low < 90% of prior year consumption Page 3 of 3 Tier Structure & Charges (Large Meters - 2" & Greater) 0-10 1 11-20 1 21-30 31-40 1 41-50 51-60 1 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier High $0.68 $1.08 $1.35 $1.66 $2.08 $2.47 $2.85 09/10 Normal $0.61 $0.98 $1.23 $1.51 $1.89 $2.24 $2.59 Low $0.56 $0.89 $1.12 $1.37 $1.72 $2.04 $2.36 High $0.78 $1.24 $1.56 $1.90 $2.39 $2.84 $3.28 10/11 Normal $0.71 $1.12 $1.42 $1.73 $2.17 $2.58 $2.98 Low $0.64 $1.02 $1.29 $1.57 $1.98 $2.34 $2.71 High $0.78 $1.24 $1.56 $1.90 $2.49 $2.95 $3.40 11/12 Normal $0.71 $1.12 $1.42 $1.73 $2.26 $2.68 $3.09 Low $0.64 $1.02 $1.29 $1.57 $2.06 $2.43 $2.81 High > 110% of prior year consumption Normal 90% - 110% of prior year consumption Low < 90% of prior year consumption Page 3 of 3 Attachment 6 - Option 6 Description Actual FY 07-08 Projected FY 08-09 FY 09-10 NOTES Revenues(a) 1 year -6.8% Increase Fixed Charges $3,815,957 $3,940,000 $4,479,977 Meets bond covenants Consumption Charges $6,947,610 $6,480,000 $7,806,813 Eliminates operating at a loss Other Revenues $246,129 $230,000 $235,750 Total Operating Revenues $11,009,696 $10,650,000 $12,522,540 Operating Expenses (b) Salaries and Benefits $2,139,505 $2,220,188 $2,286,793 Maintenance and Operations $2,937,385 $3,200,274 $3,396,283 Miscellaneous Capital $11,211 $14,500 $14,500 Depreciation Expense $1,263,653 $1,260,000 $1,265,000 Sources of Supply Costs Production Costs $3,910,529 $4,397,499 $4,011,379 Energy Costs $895,564 $861,414 $1,014,600 Total Operating Expenses $11,157,847 $11,953,875 $11,988,555 Net Operating Revenue ($148,150) ($1,303,875) $533,985 Non -Operating Revenue (Expense) Interest Income (@ 2%)(c) $231,145 $125,700 $40,800 Water Capital Facility Charges (e) $0 $0 $0 Debt Service- Interest Expense ($604,351) ($591,385) ($571,105) Proposed Debt Service - Interest Expense $0 $0 $0 Subtotal Debt Service lnterest Expense $604,351 $591,385 $571,105 Total Non -Op Revenues/Expenses ($373,206) ($465,685) ($530,305) Net Revenues(Loss) ($521,356) ($1,769,560) $3,680 Beg. Retained Earnings Net of Fixed Assets $6,983,895 $6,282,539 $2,039,562 (Available for Captial Outlay 6 Debt -Principal Payments) Capital Fee $0 $0 $1,018,914 Capital Outlay Non -Debt Financed Capital Improvement Projects $0 $1,953,417 $0 Capital Financing Existing Debt Service Principal Payments $180,000 $520,000 $685,000 Proposed Debt Service Principal Payments $0 $0 $0 Subtotal $180,000 $520,000 $685,000 Ending Retained Earnings Available for Captial Outly, Principal Payment & Reserves $6,282,539 $2,039,562 $2,377,156 Target Reserve Balance(g) $5,578,923 $5,976,938 $5,994,278 Retained Earnings Available for Captial Outlay & Principal Payments Net of Target Reserves $703,615 ($3,937,376) ($3,617,122) Annual Debt Service Coverage Net Revenue(h) $1,166,648 $81,825 $2,858,699 Total Annual Debt Service Requirements $898,351 $1,111,385 $1,256,105 Annual Debt Service Coverage 130% 7% 228% Page 1 of 3 09/29/2009 11:54 AM Attachment 6 - Option 6 Bi -Monthly Bill for 5/8 & 3/4 size meters (includes Capital Fee) 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 $71.82 $88.52 $105.22 $123.62 $142.02 FY 09/10 $76.69 $95.59 $117.69 $142.99 $168.29 % Change From Previous Year 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 FY 09/10 6.78% 7.99% 11.85% 15.67% 18.50% Page 2 of 3 09/29/2009 11:55 AM Attachment 6 - Option 6 Tier Structure & Charges (Small Meters) 0-10 11-20 21-30 1 31-40 41-50 51-60 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier 09/10 $0.57 $0.95 $1.21 $1.49 $1.89 $2.21 $2.53 09/29/2009 11:56 AM Tier Structure & Charges (Large Meters - 2" & Greater) 0-10 1 11-20 1 21-30 1 31-40 1 41-50 51-60 61+ 1st Tier 2nd Tier 3rd Tier I 4th Tier I 5th Tier 6th Tier I 7th Tier High $0.69 09/10 Normal $0.63 Low $0.57 $1.15 $1.04 $0.95 $1.46 $1.33 $1.21 $1.80 $1.64 $1.49 $2.29 $2.08 $1.89 $2.67 $2.43 $2.21 $3.06 $2.78 $2.53 High > 110% of prior year consumption Normal 90% - 110% of prior year consumption Low < 90% of prior year consumption Page 3 of 3 ATTACHMENT 7 Agenda Item AGENDA REPORT Reviewed: City Manager Finance Director MEETING DATE: AUGUST 4, 2009 TO: WILLIAM A. HUSTON, CITY MANAGER FROM: PAMELA ARENDS-KING, FINANCE DIRECTOR DOUGLAS S. STACK, ASSISTANT PUBLIC WORKS DIRECTOR SUBJECT: ADOPTION OF RETAIL WATER RATES — PUBLIC HEARING RESOLUTION NO. 09-41 SUMMARY: The purpose of the public hearing, under the California Constitution ("Proposition 218") is to permit the property owners to comment upon or present objections to the proposed water rate increases. The proposed rate increases expand the current rate structure from four to seven tiers, see attachment 1; establishes a capital project fee solely dedicated for non -debt financed capital improvement projects; provides for a new pass- through adjustment to account for unanticipated third party charges related to the purchase of electricity and/or imported water; and establishes Water Demand Reduction Stages (WDRS) that would enable the City to comply with wholesale water use restrictions in response to regional water shortage conditions as necessary. The WDRS was included within the official Proposition 218 notice of Public Hearing to ensure proper noticing and compliance. Only upon specific City Council authorization can a WDRS be declared and put into action. The proposed rate increases would be effective August 5, 2009 for fiscal year 2009- 2010 and July 1st in subsequent fiscal years. The typical residential customer would experience an increase of 10.8% in FY 2009-10, 10.5% in FY 2010-2011, and 7% in FY 2011-2012 through FY 2013-2014. Additionally, the pass-through adjustment is restricted to -not -exceed 7% of the annual water charges. RECOMMENDATION: It is recommended that City Council take the following actions: 1. Conduct a public hearing to receive testimony on the proposed water rate increases for fiscal year 2009-2010 through fiscal year 2013-2014; and 2. Adopt Resolution No. 09-41 approving the proposed water rate increases and changes if there is no majority protest. ADOPTION OF RETAIL WATER RATES — PUBLIC HEARING RESOLUTION NO. 09-41 August 4, 2009 Page 2 FISCAL IMPACT: The proposed water rate increases will generate the necessary revenue to meet ongoing operations and maintenance expenses; existing debt service payments and bond covenants; pay -as -you capital improvement; major capital debt financing; establish and maintain reserves; assurance from unanticipated third party increases; and eliminate General Fund subsidy to the Water Enterprise Fund to cover projected revenue shortfalls. BACKGROUND: The City of Tustin's water rates were last adjusted in January 2008. The most recent rate increases were adopted on May 1, 2006, and did not generate sufficient revenues to meet operational and capital needs. Attachment 2 shows the history of rate increases since 1980. During Fiscal Year 2008-2009 budget development, it became evident that revenues derived from existing rates would be inadequate to meet the operating and capital needs of the system and a rate adjustment would be required. In order to provide for the continued operation of a water system on a sound financial basis, revenues must be sufficient to meet the cash requirements of operation, maintenance, capital needs, administrative, debt service payments and ensure necessary debt coverage ratios pursuant to the 2003 Water Refunding bond. In addition, revenues in excess of expenses should be sufficient to provide and maintain cash reserves in the event of emergencies and short term fluctuations in revenue due to drought and other factors affecting water supplies and sales. Projected operating and maintenance expenses are driven by various costs including personnel, utilities, customer billing, meter reading, purchased water, ground water replenishment assessments, water treatment, routine maintenance, production and various materials and supplies. Attachment 3 illustrates the current financial status of the Water Enterprise fund and the projected financial status with the implementation of the proposed rate increases. The Water Enterprise is currently operating at a loss. The factors used to develop the revenue requirements for the Water Enterprise are: ➢ Imported and ground water costs ➢ Electrical costs ➢ Operation and maintenance costs Debt service coverage ➢ New debt service issuance ➢ Rebuilding the reserve ➢ Capital improvement program The proposed water rates and charges will yield adequate revenues to cover operating expenses; repairs; capital improvement program costs; debt service payments and depreciation of water facilities owned and operated by the City in providing water service to its customers; and establish and maintain cash reserves. ADOPTION OF RETAIL WATER RATES — PUBLIC HEARING RESOLUTION NO. 09-41 August 4, 2009 Page 3 In the notice of Public Hearing sent to all Water Service customers and property owners, several tables were included which shows the proposed consumption tiers and charges, service capacity charges, and capital charge. The impact of the proposed rate increase on the "typical" residential user with a 5/8 x 3/4 inch meter and consuming about 40 units (one unit = one hundred cubic -feet = 748 gallons) is 10.8% in FY 09/10, 10.5% in FY 10/11, and 7% in FY 11/12 through FY 13/14. The pass-through charge has been added to the proposed rate increase to offset the increasing costs of purchasing and pumping water imposed by third party agencies. Imported water rates are established by Metropolitan Water District of Southern California (MWD) and additional fees are added to those rates by wholesale water purveyors, MWDOC and East Orange County Water District (EOCWD). Ground water rates are established by the Orange County Water District (OCWD) and electricity rates are established by Southern California Edison. The proposed pass-through would allow the Water Enterprise to assess and recoup the costs of providing water beyond current budget appropriation. The pass-through is restricted to -not -exceed 7% (approximately $0.14 per unit in FY 09-10) of the annual water charges to a "typical" residential user in any given fiscal year. The pass-through charge could be added to or subtracted from (when the production cost is less than estimated) the consumption charge. All water customers would receive a notification prior to the assessment of these charges. The Water Demand Reduction Stages (WDRS) has been added to the proposed rate increase to enable the City to comply with wholesale water use restrictions in response to regional water shortage conditions, as necessary. The WDRS would only be declared and put into action by specific City Council direction. The WDRS reduces the unit allocation of each tier at different stages. Stage 1 reduces the allocation by 10%; Stage 2 reduces the allocation by 20%; Stage 3 reduces the allocation by 30%; and Stage 4 reduces the allocation by 40%. According to the 2008 Water Rate Survey conducted by the Municipal Water District of Orange County (MWDOC), approximately 20 of the 31 water service providers within the County utilize a tiered rate structure. Attachment 4 is from the MWDOC rate survey that shows that the City's 2008 water rates were below the median rates at the time the survey was conducted. The City's proposed rate for FY 2009-2010 would still be below the countywide median. The Water Enterprise's Capital Improvement Program is designed to reduce its reliance on imported water, and improve the water system's storage, production, treatment, and distribution capabilities. The Water Service will continue its program objectives of proactively managing the quantity and the quality of its groundwater supplies, and to rehabilitate or replace older facilities as needed. The proposed rates would enable the Water Enterprise to obtain $30 million in debt financing for the construction of the Rawlings Reservoir, Tustin Avenue Well, Simon Ranch Reservoir and Booster Station, and Beneta Well. The new capital charge will be dedicated to non -debt financed capital projects. The capital charge was previously a component of the consumption charges that has now been separated to provide a dedicated funding source for capital projects. ADOPTION OF RETAIL WATER RATES — PUBLIC HEARING RESOLUTION NO. 09-41 August 4, 2009 Page 4 On May 28, 2009, the Audit Commission received a presentation on the proposed water rate increase. The commission made the unanimous recommendation that the water rate increase be forwarded to City Council for consideration. Staff is recommending that the City Council adopt five consecutive rate increases at one time in order to address short term reserves, debt service coverage, and enable the Water Enterprise to obtain debt financing. If approved the first increase would be effective August 5, 2009, with subsequent increases going into effect July 1St of each fiscal year. Z'j. - a,,, 4 -,/= - Pamela Arends-King Finance Director S n Tran Senior Financial Analyst �. Stack Public Works Director Attachment(s): Attachment 1 — Change in tier structure Attachment 2 — History of rate increase Attachment 3 — Water Enterprise's financial status Attachment 4 — 2008 MWDOC rate survey Attachment 1 Change in Tier Structure Current Tier Structure: Residential / Commercial Tiers Units 1 g' Tier 0-12 2" Tier 13-40 To Tier 41-60 -7 Tier 61 + New Tier Structure: Residential / Commercial Tiers Units 1 s' Tier 0-10 2 no Tier 11-20 To Tier 21-30 -4ffi Tier 31-40 5 Tier 41-50 e Tier 51-60 7 Tier 61 + Multiple Unit Tiers Units 1 s Tier 0-10 2ndTier 2" 11-32 3ro Tier 33-48 4 Tier 49+ Multiple Unit Tiers Units 1 S Tier 0-8 2" Tier 9-16 3` Tier 17-24 4 Tier 25-32 5 Tier 33-40 P Tier 41-48 7 Tier 149+ ATTACHMENT 2 SUMMARY OF TUSTIN WATER RATE INCREASES: 1980-2008 DATE OF RESOLUTION PERCENTAGE AVERAGE SINGLE NOTES RESOLUTION NO. INCREASE FAMILY USAGE* 7/6/81 81-82 Consumption charge: 12% $24.15 Adopted single year increase. 3/15/82 82-25 No increase to rates. Added multiple residential service charges. 1/17/83 83-7 Consumption charge: 17% $29.94 Adopted single year increase. Service capacity charge: 54% Decreased service capacity charge, and added customer service and debt service charge-. No Increase from 1984 tol992 9/21/92 92-110 1992/Consumption charge:6% Adopted three year rate increase. 1992/Service capacity charge:100% 1992/$42.00 1993/Consumption charge://% 1993/Service capacity charge:18% 1993/$48.08 1994/Consumption charge:ll% 1994/Service capacity charge:23% 1994/$56.18 5/1/06 06-054 2006/Consumption charge:13%, Adopted a three year rate increase. 2006/Service capacity charge:14% 2007/Consumption charge:12% 2006/$58.52 2007/Service capacity charge:12% 2008/Consumption charge:10% 20071$65.28 2008/Ser ice capacity charge:10% 2008/$71.82 *NOTE: Average single family usage is 40 units bi-monthly, based on a bia" meter. ATTACHMENT 3 PROJECTED REVENUE EXPENDITURE PLAN - Proposed Rates Actual FY 07-08 07!21,'2009 5:54PM Revenues (a) Fixed Charges $3,815,957 $3.940,000 $4,749,966 $5,224,963 $5,747,459 $6.322,205 $6,954,425 Consumption Charges $6,947,610 $6,480x;000 $8,453,937 $9,510,679 $10,081.320 510.686.199 $11,327.371 Other Revenues $246,129 $230.000 $236,750 $241,644 $247,685 $253.877 $260,224 Total Operating Revenues $11,009,696 $10.650.000 $13,439,653 $14.977,286 $16,076,464 $17.262,281 $18.542.021 Operating Expenses (b) Salaries and Benefits $2.139,505 $2.220,188 $2,286,793 $2,355,397 $2.426,060 $2,498,842 $2,573,807 Maintenance and Operations $2.937,385 53,200,274 $3.396.283 $3.498,171 $3.603,116 $3,711,209 $3,822,545 Miscellaneous Capital $11211 $14,500 $14,500 $14,500 $14.500 $14,500 $14,500 Depreciation Expense $1,263.653 $1,260,000 $1.265.D00 $1.265,000 $1.270.000 $1.275.000 $1,275,000 Sources of Supply Costs Production Costs $3,910,529 $4,397,499 $4,011,379 $4,082,679 $4,082,679 $4,082,679 $4,082.679 Energy Costs $895.564 $861,414 $1,014,600 $1,080,600 $1.080,600 $1,080,600 $1,080,600 Total Operating Expenses $11,157.847 $11,953.875 $11,988,555 $12.296.347 $12.476,955 $12.662,630 512.849,131 Net Operating Revenue iS'48150) 1$1 3038751 $1,451,098 $2,680,939 $3,599.509 $4,599,452 $5.692,890 Non -Operating Revenue (Expense) Interest income (@ 2%) (c) $231.145 $125.700 $38,700 $31.600 $37,500 $62.500 $100.800 Water Capital Facility Charges (e) $0 $0 $0 $0 $0 $0 $0 Debt Service - Interest Expense $604.351 i ($591 385) 1$571,105) ($543 705) ($515 3051 !S485705) ($422,908) Proposed Debt Service- Interest Expense $0 $0 ($431.9681 ;$849140) $833717) (S1,13C.862) (51554,382) Subtotal Debt Service Interest Expense i$604,351) ($591 385) �$1 003 0731 '$i 392 8451 � V 349 022) $1.616,5671 (51,977,2901 Total Non -Op Revenues/Expenses $373.2061 ;$465,685) $964,373) $1 361 245) (S' 311.522) IS1,554 0671 tSi 8+6.490; Net Revenues(Loss) '$521.356) )$1 769 560; 5486,725 $1.319,694 32,287,987 $3.045,385 $3,816.400 Beg. Retained Earnings Net of Fixed Assets $6.983.895 $6,282.539 $1.933,805 $1.579,967 $1.875.394 $3,125.210 $5,041,606 (Available for Captial Outlay S Debt -Principal Payments( Capital Fee $0 $0 $1.018.914 $1049,481 $1,081,002 $1.113.499 $1.146.956 Capital Outlay Non -Debt Financed Capital Improvement Projects $0 $2,059,174 51,000,000 $1.000.000 $1.000,000 $1,000.000 $1.D00,000 Capital Financing Existing Debt Service Principal Payments $180.000 $520.000 $685,000 $710,000 $740,000 $770,000 $800.000 Proposed Debt Service Principal Payments $0 $0 $174,476 $363.749 $379,173 $472.488 $610,850 Subtotal $180.000 $520,000 $859,476 $1.073,749 $1,119.173 $1,242.488 $1,410,850 Ending Retained Earnings Available for Captial Outly, Principal Payment & Reserves $6,282.539 $1.933,805 $1,579,967 $1.875,394 $3,125.210 $5,041.606 $7.594.112 Target Reserve Balance(g) $5.578,923 $5,976,938 $5,994,278 $6,148,174 $6,238.478 $6,331.415 $6,424,565 Retained Earnings Available for Captial Outlay h Principal Payments Net of Target Reserves $703,615 ($4,043 133) ($4 414.310) ($4172.780; ($3.113,267) ;$1,289 809) $1,169.547 Annual Debt Service Coverage Net Revenue (h) $1,166,648 $81,825 $3,773,712 $5.027,021 $5.988,011 $7.050.450 $8,215,646 Total Annual Debt Service Requirements $898,351 $1.111,385 $1.862,550 $2466.594 $2.468.194 $2.859,055 $3,388.140 Annual Debt Service Coverage 130% 7% 203% 204% 243% 247% 242% ATTACHMENT 4 2008 MUNICIPAL WATER DISTRICT OF ORANGE COUNTY SURVEY OCWD Basin Agency 10 cd 20 ccf Anaheim; City of $19.90 $34.80 Buena Park, City of $21.89 $35.43 East Orance CWD Retail $35.40 $51.80 Fountain Valley, City of $20.22 $37.51 Garden Grove, City of $25.54 $46.04 Golden State WC $32.92 $54.83 Huntington Beach, City of $26.47 $42.04 Irvine Ranch WD High ET $17.08 $29.92 Irvine Ranch WD Low ET $17.24 $34.36 La Palma, City of $23.20 $43.60 Mesa Consolidated WD $32.50 $57.50 Newport Beach, City of $25.30 $46.10 Orange, City of $16.35 $24.53 Orange Pk Acres Mut. WC $39.84 $63.02 Santa Ana, City of $26.34 $49.18 Seal Beach, City of $31.56 $57.96 Serrano WD $34.05 $55.75 Tustin, City of $20.31 $35.91 Westminster, City of $19.82 $42.39 Yorba Linda WD $26.25 $44.15 Non -Basin Agency Brea, City of $24.65 $47.11 EI Toro WD $24.55 $40.25 Emerald Bay Services Distr $37.80 $66.20 La Habra, City of $26.33 $44.53 Laguna Beach CWD $41.00 $72.55 Moulton Niguel WD $15.20 $24.80 San Clemente Summer $24.68 $46.72 San Clemente Winter $25.50 $66.25 San Juan Capistrano July $37.34 $63.44 San Juan Capistrano Jan $37.34 $82.64 Santa Margarita WD $20.26 $35.86 South Coast WD $36.59 $67.57 Trabuco Canyon WD Warm $27.25 $47.15 Trabuco Canyon WD Cool $27.55 $47.63 Median: $25.90 $46.41 Tustin's Proposed Rates: FY 2009-2010 FY 2010-2011 FY 2011-2012 FY 2012-2013 FY 2013-2014 * does not include pass-through $25.20 $39.80 $27.42 $43.82 $29.82 $47.22 $31.85 $50.35 $34.08 $53.68 ATTACHMENT 8 AGENDA REPORT Agenda Item Reviewed: City Manager TV Finance Director MEETING DATE: SEPTEMBER 1, 2009 TO: WILLIAM A. HUSTON, CITY MANAGER FROM: PAMELA ARENDS-KING, FINANCE DIRECTOR DOUGLAS S. STACK, ACTING PUBLIC WORKS DIRECTOR/CITY ENGINEER SUBJECT: ADOPTION OF RETAIL WATER RATES SUMMARY: At the August 4, 2009 meeting City Council directed staff to provide additional water rate options. To meet the current and future needs of the Water Enterprise System staff has developed one additional water rate increase option. Option 1 remains the same water rate increase as presented at the August 4, 2009 meeting. Option 2 flattens the water rate increases more uniformly over the proposed five year period. Each option essentially produces the same results after five years. However, Option 2 will delay, even further, needed capital improvement by 18-24 months. RECOMMENDATION: It is recommended that City Council take the following action: 1. Adopt Option 1 water rate increase resolution as presented on August 4, 2009. ALTERNATIVE RECOMMENDATION: The City Council may consider and take the following action: 2. Adopt Option 2 water rate increase resolution. If either recommendation is approved, rates will be effective September 2, 2009. FISCAL IMPACT: Option 1: The water rate increase would provide an adequate revenue stream to proceed with the debt issuance for major capital projects February 2010 and fiscal year 12/13; complete pay-as-you-go capital improvements and meet existing bond covenants. Option 2: The smoothed or flattened water rate increases will delay debt issuance for major capital projects to October 2010 and fiscal year 13/14, and defer pay-as-you-go capital improvements for two years. ADOPTION OF RETAIL WATER RATES RESOLUTION NO. 09-41 SEPTEMBER 1, 2009 Page 2 BACKGROUND: The City Council held a public hearing on the proposed water rate increases at its meeting on August 4, 2009. The rate increases presented to the City Council were based on the City's adopted 2000 Water Master Plan. The adopted 2000 Water Master Plan is one of four pillars of the City's "Water Business Plan", the other three include the Urban Water Management Plan, Seven-year Capital Improvement Plan, and the annual Operating & Maintenance budget. The Water Master Plan essentially serves as the short and long term strategic planning document that gives the basis and assurance that capital dollars/investment are prioritized in the most effective fashion. The Water Master Plan contains very detailed and descriptive evaluations of demand, supply, storage, distribution/production, system analysis, and water capital improvement. The Master Plan as well as previous engineering studies in evaluating the Foothill, Rawlings, and Simon Ranch reservoirs noted that these reservoirs have not and will not ever completely comply with current seismic and code requirements due to age, condition and dated construction/design practices. Seismic tends to be over shadowed by the threat of fire only until there is an earthquake. At the public hearing the City Council directed staff to return to Council with additional rate options; Option 1 (Attachment 1) is the original water rate increase presented on August 4, 2009. This option has higher increases for the first two years (10.83% and 10.49% for 40 units) and significantly lower increases for the last three years for the five year rate cycle (6.94% to 6.95% for 40 units). Option 2 (Attachment 2) is a smoothed water rate increase with increases of 9.57% and 9.59% for the first two years and 8.70% to 8.07% for the last three years of the rate cycle. Both options have the pass through provision to offset the increasing costs of purchasing and pumping water imposed by third party agencies. The pass through is restricted to not exceed 7% of the annual water charges to a "typical" residential user in any given fiscal year. Customers will be notified in advance on their bill of the pass through and the charge will be a separate item on the bill. Option 2 would reduce the Water Enterprise's ability to expeditiously obtain debt financing for the construction of Rawlings Reservoir and Tustin Avenue Well. Additionally, the reduced revenue capacity in the first two years necessitates the delay of non -debt finance capital improvement projects by two years to build the necessary cash reserves. The delay in the Water Enterprise's ability to proceed with critical capital infrastructure could lead to higher operating costs in terms of more expensive purchased water should the City's wells fail. The increased costs to provide water might also increase the pass through charges. ADOPTION OF RETAIL WATER RATES RESOLUTION NO. 09-41 SEPTEMBER 1, 2009 diz-� 2��5Pamela Arends-King Finance Director Page 3 II#sJ S. Stack gkPublic Works Director/City Engineer Attachment(s): Attachment 1 - Water Rate Increase Option 1 Attachment 2 - Water Rate Increase Option 2 Attachment 3 - Construction Dates of Water Storage and Well Facilities Attachment 4 - Water Capital Projects Completed Attachment 5 — August 4, 2009 Water Rate PowerPoint Presentation ATTACHMENT 3 WATER STORAGE AND WELL FACILITIES RESERVOIRS CONSTRUCTION DATE Foothill 1959 Rawlings 1971 Simon Ranch 1960 Newport Avenue (new roof in 1985) 1926 John Lyttle 1975 Main Street 2001 WELLS CONSTRUCTION DATE Newport Avenue 1926 Walnut Avenue 1930 Tustin Avenue 1952 Prospect Avenue 1955 Yorba Avenue 1961 Main Street (#3) 1972 Main Street (#4) 1999 17t Street (#2) 1972 17t Street (#4) 2002 Beneta Way 1977 Columbus Tustin 1985 Vandenberg 1993 Pasadena Avenue 2008 Replacement of facilities is based on capacity needs, condition, system analysis and seismic code requirements Attachment 4 Water Capital Projects Completed Between Fiscal Years 06/07 and 08/09 CIP 6161 - Hewes Avenue water main replacment (793 ft) CIP 6130 - Pasadena Avene Well CIP 6147 - Edinger Avenue water main replacment CIP 6151 - Prospect Avenue water main replacement (1,450 ft) CIP 6154 - Liane, Valhala, water main replacement (2,620 ft) CIP 6157 - Main Street Treatment Plant Well #4 rehabilitation Repair of 17th St. treatment plant, Well#4 Pump Repair Pumps at Walnut, Prospect, Yorba, and Beneta Wells; and Simon Booster Station Repair Motors at Columbuts-Tustin, Vandenberg, Prospect, and Newport Wells; and Simon Booster Station Project Cost 147,155.07 4,313,553.91 604,932.93 582,955.96 677,053.29 142,890.09 131,854.70 275,992.83 21,149.43 Total Project Costs $ 6,897,538.21 USTIN BUILDING OUR FUTURE Attaclinient 9 CITY OF TUSTIN PUBLIC WORKS & FINANCE DEPARTMENT [:d CIL PRESE I CURRENT SERVICES & FACILITIES ♦ 1 4,106 Water Meter Services ♦ 170 Miles of Pipeline Distribution ♦ 13 Water Wells & 2 Treatment Plants ♦ 80% ground water & 20% purchase water ♦ 4 Booster Pump Stations ♦ 7 Import Supply Connections - EOCWD ♦ 6 Storage Reservoirs (7.8 MG w/o Rawlings) ♦ 5 Emergency Interconnections ♦ Over $40 million in fixed assets REASON FOR PROPOSED WATER RATE INCREASE $12,000,000 $11,500,000 $11,000,000 $10,500,000 $10,000,000 $9,500,000 $9,000,000 $ 8,500,000 $8,000,000 Actual and Estimated Operating Revenue & Expenditures FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 —*—Revenue --*—Expenditure •Purchase & Production of water increased an average of 10% per year FINANCIAL STATUS Actual Pro Description FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 Operating Revenues ($M) $ 11.01 $ 10.65 $ 13.44 $ 14.98 $ 16.08 $ 17.26 $18.54 Operating Expenses ($M) (11.16) (11.95) (11.99) (12.29) (12.48) (12.66) (12.84) Non -Operating Rev/Exp ($M) (0.37) (0.46) (0.96) (1.36) (1.31) (1.55) (1.88) Net Income/Loss ($M) (0.52) (1.76) 0.49 1.33 2.29 3.05 3.82 Beg. Cash Reserves ($M) 6.98 6.28 1.93 1.57 1.85 3.12 5.04 Capital Fee ($M) 1.01 1.02 1.10 1.11 1.15 Non -Financed Capital Outlay ($M) t , _) (1.00) (1.00) (1.00) (1.00) (1.00) Principal Debt Payments ($M) f0.2) (0.86) 4 Ending Cash Reserves ($M) $6.28 $1.94 $1.57 $1.85 $3.12 $5.04 $7.60 UNFUNDED WATER CAPITAL IMPROVEMENT PROJECTS ... the water capital improvement program is designed with the strategy to increase the systems reliability and minimize the dependence on imported water ... 2000 Water Master Plan ♦ Storage: ♦ Production: ♦ Distribution: ♦ Treatment: ♦ Security: Total CIP: $23.5M $12.6 M $4.7M $3.0M $2.OM $45.8M ✓ Supply, Reliability and Redundancy a� - CONVERSION FACTORS Helpful conversions factors for water.. 1 cubic foot... 7.48 gallons of water...... 62.4 pounds of water 100 cubic feet OcO......... 748 gallons... 1 ,billing unit of water 1 ac -ft............ 325,900 gallons .................. 43',560 cubic feet 1 MG .................. 3.07 ac -ft An acre-foot covers one acre of land one foot deep INCREASE COST WATER SUPPLY ♦ Groundwater Import, 80:20 Rule ♦ 14,100 acre-ft/year, 12.6 MGD • Imported/Purchased Water ✓ East Orange County/MWDOC/MWD $603 /AF w/rate increase 2009-2011 14% & 20% & 16% Includes Delta Surcharge of 12% (regulatory drought) • Ground Water/Pumped ✓ Orange County Water District (OCWD) $350 /AF w/ra 7%S, 5%4 PROPOSED WATER RATES ♦ 5 year rate increase including increase in cost of water purchase pass-through ♦ Rate increase to cover annual operations and maintenance expenses ♦ Rebuild cash reserves from $1.9 million to $6 million plus (50°0 of expenditures) ♦ $45.8 million capital projects funded from issuance of debt and pay as you go ♦ Outstanding capital projects completed within 14 years (2 Cycle, 7 -yr CIP) 8 n DEBT ISSUANCE WITH CERTIFICATES OF PARTICIPATION Issuance No. 1 Rawlings Reservoir Tustin Avenue Well net debt proceeds Issuance No. 2 Simon Ranch Reservoir & Booster Station Beneta Well net debt proceeds $14,000,000 $4,000,000 $1 81000,000 $8,000,000 $4,000,000 $129000,000 CAPITAL PROJECTS - PAY as You co Storage: 519500,000 - $150K/yr .John Lytle Reservoir Rehabilitation $500,000 Foothill Reservoir Rehabilitation $500,000 Hydraulic Modeling & Master Plan Update $500,000 ♦ Production: $41600,000 - $200K/yr Yorba 1 71h St. No. 4 Vandenberg Columbus -Tustin 6 Distribution: $41700,000 N $350K/yr Annual Main & Valve Replacement $500,000 Tustin Well Main Extension/Secondary Connection $550,000 MWD Turnout Improvements - OC 43 $600,000 Browning Avenue Main Upgrade $750,000 Fire Flow Main Improvements $1,300,000 SCADA Study & Upgrade $1,000,000 CAPITAL PROJECTS - PAY As you co • Treatment: $3,0001000 — $1 50K/yr Main Street Rehabilitation 7tn Street Rehabilitation ♦ Security: $2,0009000 — $1 50K/yr System Wide Vulnerability Improvements 14 yr (2 cycle) Capital Improvement Program - $45,800,000 CURRENT RATE STRUCTURE There are two standard water service charges. ♦ Service Capacity Charge- Assessed on all meters regardless of consumption, which is a flat rate based on the size of the water meter. ♦ Water Consumption Charge - This charge is based on water usage. PROPOSED RATE STRUCTURE Service Capacity Charqe Water Consumption Charqe ♦ Automatic pass-through to adjust rates for MWD, OCWD and energy increases. ♦ New 7 Tier Structure w/Large Meter Conservation Program Capital Fee -New, dedicated to pay-as-you- go Capital Facility Improvements; assessed on all meters regardless of consumption Regional Water Storage Conservation T.ie METERED SERVICES 14,106I METERED SERVICES CONNECTIONS Meter Size (inches) No. of meters Distribution 5/8& 3/4 91956 710//6- 1�1 1 21959 21% 1-112 391 3% 2 578 4% 3 38 0.27% 4 55 0.39% 6 129 1% Total underI. 141106 1000 •4'. SMALL METER RATES Meters: 5/8" - 1 '/2" (94% are under 2") Current Tier Structure 0-12 13-40 41-60 60+ 41-50 1st Tier 2nd Tier 3rd Tier 4th Tier 08/09 $0.49 $1.56 $1.67 $1.84 New Tier Structure & Charges (Small Meters) 0-10 11-20 21-30 31-40 41-50 51-60 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier 09/10 $0.58 $1.01 $1.31 $1.61 $1.91 $2.21 $2.51 10/11 $0.65 $1.14 $1.47 $1.81 $2.15 $2.49 $2.82 11/12 $0.69 $1.21 $1.56 $1.92 $2.28 $2.64 $2.99 12/13 $0.73 $1.28 1 $1.66 $2.04 $2.42 1 $2.79 $3.17 13/14 $0.78 $1.35 1 $1.76 $2.16 $2.56 1 $2.96 $3.36 AVERAGE CUSTOMER Bi -Monthly Bill for 5/8 & 3/4 size meters (Current rates) 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 $71.82 $88.52 $105.22 $123.62 $142.02 Bi -Monthly Bill for 5/8 & 3/4 size meters (New rates, Incl. Cap Fee) 40 Units 50 Units 60 Units 70 Units 80 Units FY 09/10 $79.59 $98.69 $120.79 $145.89 $170.99 FY 10/11 $87.94 $109.44 $134.34 $162.54 $190.74 FY 11/12 $94.04 $116.84 $143.24 $173.14 $203.04 FY 12/13 $100.62 $124.82 $152.72 $184.42 $216.12 FY 13/14 1 $107.61 1 $133.21 $162.81 1 $196.41 $230.01 % Change From Previous Year 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 FY 09/10 10.82% 11.49% 14.80% 18.01% 20.40% FY 10/11 10.49% 10.89% 11.22% 11.41% 11.55% FY 11/12 6.94% 6.76% 6.62% 6.52% 6.45% FY 12/13 7.00% 6.83% 6.62% 6.51% 6.44% FY 13/14 1 6.95% 1 6.72% 6.61% 6.50% 6.43% LARGE METER RATES Current Tier Structure 0-12 13-40 41-60 60+ 1st Tier 2nd Tier 3rd Tier 4th Tier 08/09 $0.49 $1.56 $1.67 $1.84 Meters: 2" thru 6" (6% are 2" & greater) High > 110% of prior year conswnption Non -nal 90% - 110% ofprior year consumption Low < 90% of prior year conswnption New Tier Structure & Charges (Large Meters ) 0-10 1 11-20 21-30 31-40 41-50 51-60 1 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier High $0.70 $1.22 $1.59 $1.95 $2.31 $2.67 $3.04 09/10 Normal $0.64 $1.11 $1.44 $1.77 $2.10 $2.43 $2.76 Low $0.58 $1.01 $1.31 $1.61 $1.91 $2.21 $2.51 High $0.79 $1.38 $1.78 $2.19 $2.60 $3.01 $3.42 10/I1 Normal $0.72 $1.25 $1.62 $1.99 $2.36 $2.74 $3.11 Low $0.65 $1.14 $1.47 $1.81 $2.15 $2.49 $2.82 High $0.84 $1.46 $1.89 $2.32 $2.76 $3.19 $3.62 11/12 Normal $0.76 $1.33 $1.72 $2.11 $2.51 $2.90 $3.29 Low $0.69 $1.21 $1.56 $1.92 $2.28 $2.64 $2.99 High $0.89 $1.55 $2.00 $2.46 $2.92 $3.38 $3.84 12/13 Normal $0.81 $1.41 $1.82 $2.24 $2.66 $3.07 $3.49 Low $0.73 $1.28 $1.66 $2.04 $2.42 $2.79 $3.17 High $0.94 $1.64 $2.12 $2.61 $3.10 $3.58 $4.07 1 x,14 Normal $0.86 $1.49 $1.93 $2.37 $2.82 $3.26 $3.70 Low $0.78 $1.35 $1.76 $2.16 $2.56 $2.96 $3.36 High > 110% of prior year conswnption Non -nal 90% - 110% ofprior year consumption Low < 90% of prior year conswnption LARGE METER CUSTOMER Bi -Monthly Bill for Large Meters - 2" (Current rate) 60 Units 120 Units 180 Units 240 Units 300 Units FY08/09 High $261.07 $371.47 $481.87 $592.27 $702.67 Bi -Monthly Bill for Large Meters - 2" (includes Cap. Fee) 60 Units 120 Units 180 Units 240 Units 300 Units FY 09/10 High $322.39 $504.66 $686.94 $869.21 $1,051.48 Normal $312.89 $478.60 $644.30 $810.00 $975.70 Low $304.26 $454.90 $605.54 $756.18 $906.82 FY 10/11 High $355.70 $560.76 $765.81 $970.87 $1,175.93 Normal $345.01 $531.43 $717.85 $904.26 $1,090.68 Low $335.30 $504.77 $674.24 $843.71 $1,013.18 FY 11/12 High $384.98 $602.34 $819.70 $1,037.06 $1,254.42 Normal $373.66 $571.26 $768.86 $966.46 $1,164.06 Low $363.36 $543.00 $722.63 $902.27 $1,081.91 FY 12/13 High $416.87 $647.27 $877.67 $1,108.07 $1,338.48 Normal $404.86 $614.32 $823.77 $1,033.23 $1,242.69 Low $393.95 $584.36 $774.78 $965.19 $1,155.61 High $451.59 $695.82 $940.04 $1,184.27 $1,428.50 FY 13/14 Normal $438.86 $660.89 $882.91 $1,104.94 $1,326.96 Low $427.30 $629.14 $830.98 $1,032.82 $1,234.66 18 LARGE METER CUSTOMER % Change From Previous Year 60 Units 120 Units 180 Units 240 Units 300 Units FY 08/09 FY 09/10 High 23.49% 35.86% 42.56% 46.76% 49.64% Normal 19.85% 28.84% 33.71% 36.76% 38.86% Low 16.54% 22.46% 25.66% 27.67% 29.05% FY 10/11 High 10.33% 11.11% 11.48% 11.70% 11.84% Normal 10.27% 11.04% 11.42% 11.64% 11.78% Low 10.20% 10.96% 11.35% 11.58% 11.73% FY 11/12 High 8.23% 7.42% 7.04% 6.82% 6.68% Normal 8.30% 7.49% 7.11% 6.88% 6.73% Low 8.37% 7.57% 7.18% 6.94% 6.78% FY 12/13 High 8.28% 7.46% 7.07% 6.85% 6.70% Normal 8.35% 7.54% 7.14% 6.91% 6.75% Low 8.42% 7.62% 7.22% 6.97% 6.81% FY 13/14 High 8.33% 7.50% 7.11% 6.88% 6.73% Normal 8.40% 7.58% 7.18% 6.94% 6.78% [-Low 8.47% 7.66% 7.25% 7.01% 6.84% NEW - CAPITAL FEE Capital Fee FY 09/10 FY 10/11 Size: Size: $ / Meter Total $ / Meter Total A 5/8 & 3/4 $10 $597,360 $10 $615,281 B 1" $12 $213,048 $12 $219,439 C 1-1/2" $16 $371536 $16 $3802 D 2" $22 $76,296 $23 $78,585 E 3" $33 $7,524 $34 $7,750 F 4" $53 $171490 $55 $18,015 G 6" $90 $69,660 $93 $71,750 Total: F 4" $1,018,914 $181556 $1,049,481 Capital Fee FY 11/12 FY 12/13 FY 13/14 Size: $ / Meter Total $ / Meter Total $ / Meter Total A 5/8 & 3/4 $11 $6331799 $11 $6521914 $11 $672,627 B 1" $13 $226,008 $13 $232,755 $14 $239,679 C 1-1/2" $17 $39,812 $17 $41,008 $18 $421228 D 2" $23 $80,943 $24 $83,371 $25 $851868 E 3" $35 $75982 $36 $8,222 $37 $8,468 F 4" $56 $181556 $58 $19,114 $60 $1908 G 6" $95 $73,902 $98 $76,115 $101 $781398 Total: $1,081,002 $1,1131499 $1,146,956 20 PASS THROUGH CALC. Sample Pass -Through Calculations Estimated Production Costs: $51025,979 Actual Production Costs: $512371979 Annual Cost diff. (Pass -Through): ($212,000) Tot. Annual Consumption (Unit): 4,315,310 Cost/Unit: $0.05 Bi Mon. Cost - Avg Cust. (40 Unit): $2.00 Proposed BI -Mon. Bill - FY 09/10 $79.59 Adjusted Bi -Mon Bill - FY 09/10 $81.59 % Change from previous: 1 2.51% Pass-through charge is capped at 7% annually 21 WATER CONSERVATION WATER DEMAND REDUCTION STAGES STAGES 1 11 Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier No Mandatory Reduction 0-10 11-20 21-30 31-40 41-50 51-60 61+ in units STAGE 1 - Water Watch Voluntary Compliance 10-20% Reduction 0-9 10-18 19-27 28-36 37-45 46-54 55+ STAGE 2 - Water Alert Mandatory Compliance 20-30% Reduction 0-8 9-16 17-24 25-32 33-40 41-48 49+ STAGE 3 - Water Warning Mandatory Compliance 0-7 8-14 15-21 22-28 29-35 36-42 43+ 30-40% Reduction STAGE 4 - Water Emergency Mandatory Compliance 0-6 7-12 13-18 19-24 25-30 31-36 37+ 40%+ Reduction 22 RATE COMPARISON Monthly Residential Water Bill with 20 Unit Usage 1 billing unit = 100 cubic feet(hcj) = 748 gallons of water $72.55 Irvine Ranch Mesa WD Conslidated ORANGE COUNTY COMPARISON 6 6 6 Rate Increase in late 2008 Laguna Beach WD Golden State Mesa Consolidated WD Rate Increase in 2009 City of Anaheim City of Brea City of Buena Park City of Fullerton City of Garden Grove City of Orange City of Westminster Irvine Ranch Water District Rate Study in Progress City of Fountain Valley City of Huntington Beach City of La Habra City of La Palma City of Newport E City of San Clem( Tier Change Tier Change 15% 2%; 6/1/09 Tier Change; 5/1/09 20%; 2/1/09 6%; 1/1/09 7.5%; 7/1/09 4%; 6/1/09 15%; 1/1/09 10%; 7/1/09 PROPOSED TIMELINE Audit Commission - Recommendation to forward for City Council for Consideration Set Public Hearing & Authorize Notification (Twice - at least five days apart - 45 day comment period) Public Hearing & Resolution Adoption Rate Effective May 2009 ,June 2, 2009 August 4, 2009 August 5, 2009 IMPLICATIONS OF NOT ENACTING PROPOSED RATES ♦ Financial ♦ Negative cash flow ♦ No ability to complete critical system improvements through debt financing ♦ No ability to finance improvements through internal borrowing ($9.1 million in state takeaways and 20% decline in sales tax) ♦ High cost to purchase water ♦ City's fiduciary responsibility to manage the water utility as an enterprise fund -s r IMPLICATIONS OF NOT ENACTING PROPOSED RATES ♦ Drought conditions ♦ Could get worse ♦ Could be long term ♦ Public safety ♦ Water wells, pumps and storage capacity are critical components of fire fighting 27 F Ail`5` OUR MOST PRECIOUS NATURAL RESOURCE ♦ It pays to be smart about water and use water wisely. - Fix leaks - Shorten showers by 1 or 2 minutes - Shut water off when brushing - water the yard Tess often_.LL______ - Use a broom instead of a hose. For money saving tips or rebate information to help make water saving changes, visit: USTIN CITY OF TUSTIN PUBLIC WORKS & FINANCE H, DEPARTMENTS BUILDING OUR FUTURE HO I C OUR PAST nsrnl ()nLrur bet wise e .� n 29 USTINj �AmikI ATTACHMENT 10 CITY OF .y ..i, 7,7;, PUBLIC WORKS & FINANCF ICY COUNCIL PR TION September SUMMARY OF AUG. 4r" COUNCIL MEETING • Water Services is operating at a loss • FY 08/09 approx. — ($1.8 M) • Water Services reserves have been depleted • $45.8 M in unfunded capital improvement projects • Proposed Rate Increase: • 7 -Tier rate structure • Establishes new Capital Fee • Establishes aPass-Through charge • Establishes Large Meter conservation program • City Council asked for more water rate options THE 1LI'' .OWl NG ARE SOME IE <; OF CURRENT CONDITION OF WATER SYSTEM RAWLINGS U/ V, '01 a. Moms! ,islz -1 ONDITION OF J7EM SzI :i111MIfL' 3 JRRENT CONDITION OF kTER SYSTEM T RNCH RE§ERVOIR - BL ILT 1960 e ri*ir-�� rrrrri CURRENT CONDITION OF WATER SYSTEM iiiiii qq1I 111 11 1 R I OUILT ,ZV,m :URKt VATEF DC 43 ol 0 19111 m 0 90 lu CURRENT CONDITION OF WATER SYSTEM MAINST. PLANT - BUILT 2001 .a. 71 p s&' AdL 14 ;. OPTION 1 Actual Projected Description FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 Total Operating Revenues ($M) $11.01 $10.65 $13.44 $14.98 $16.08 $17.26 $18.54 Total Operating Expenses ($M) $11.16 $11.95 $11.99 $12.30 $12.48 $12.66 $12.85 Net Operating Revenue ($M) ($0.15) ($1.30) $1.45 $2.68 $3.60 $4.60 $5.69 Total Non -Op Revenues/Expenses ($M) ($0.37) ($0.47) ($0.96) ($1.36) ($1.31) ($1.55) ($1.87) Net Revenues(Loss) ($M) ($0.52) ($1.77) $0.49 $1.32 $2.29 $3.05 $3.82 • Eliminate General Fund subsidy • Enables the timely issuances of debt financing (2 issuances) • Establishes the Pay-as-you-go capital improvement program • Reestablishes a $6 M reserves over 5 years • Rate increase of 42.19% over 5 years • Decreases dependency on imported water • The reduction of pass-through charges as imported water dependency 10 decreases SMALL METER RATES Meters: 5/8" - 1 1/2" (94% are under 2") Current Tier Structure 0-12 13-40 41-60 60+ 41-50 1st Tier 2nd Tier 3rd Tier 4th Tier 08/09 $0.49 $1.56 $1.67 $1.84 New Tier Structure & Charges (Small Meters) 0-10 11-20 21-30 31-40 41-50 51-60 61+ l s t Tier 2nd Tier 3rd Tier 4th Tier 5th Tier, 6th Tier 7th Tier 09/101 $0.58 $1.01 $1.31 $1.61 $1.91 $2.21 $2.51 10/11 $0.65 $1.14 $1.47 $1.81 $2.15 $2.49 $2.82 11/12 $0.69 $1.21 $1.56 $1.92 $2.28 $2.64 $2.99 12/13 $0.73 $1.28 $1.66 $2.04 $2.42 $2.79 $3.17 13/14 $0.78 $1.35 $1.76 $2.16 $2.56 $2.96 $3.36 AVERAGE CUSTOMER Bi -Monthly Bill for 5/8 & 3/4 size meters (Current rates) 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 $71.82 $88.52 $105.22 $123.62 $142.02 Bi -Monthly Bill for 5/8 & 3/4 size meters (New rates, Incl. Cap Fee) 40 Units 50 Units 60 Units 70 Units 80 Units FY 09/10 $79.59 $98.69 $120.79 $145.89 $170.99 FY 10/11 $ 87.94 $109.44 $134.34 $162.54 $190.74 FY 11/12 $94.04 $116.84 $143.24 $173.14 $203.04 FY 12/13 $100.62 $124.82 $152.72 $184.42 $216.12 FY 13/14 $107.61 $133.21 $162.81 1 $196.41 $230.01 Includes • Fixed charge • Capital Fee • Consumption charges % Change From Previous Year 40 Units 50 Units 60 Units70 Units 80 Units FY 08/09 FY 09/10 10.82% 11.49% 14.80% 18.01% 20.40% FY 10/11 10.49% 10.89% 11.22% 11.41% 11.55% FY 11/12 6.94% 6.76% 6.62% 6.52% 6.45% FY 12/13 7.00% 6.83% 6.62% 6.51% 6.44% FY 13/14 6.95% 6.72% 6.61% 6.50% 6.43% Total: 42.19% 42.69% 45.87% 48.97% 51.27% 12 1 OPTION 2 Actual Projected Description FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 Total Operating Revenues ($M) $11.01 $10.65 $12.37 $14.63 $15.99 $17.39 $18.91 Total Operating Expenses ($M) $11.16 $11.95 $11.99 $12.30 $12.48 $12.66 $12.85 Net Operating Revenue ($M) ($0.15) ($1.30) $0.38 $2.34 $3.51 $4.72 $6.06 Total Non -Op Revenues/Expenses ($M) ($0.37) ($0.47) ($0.53) ($1.15) ($1.30) ($1.23) ($1.92) Net Revenues(Loss) ($M) ($0.52) ($1.77) ($0.15) $1.19 $2.21 $3.50 $4.14 • Delays all capital improvement projects • Delays Pay-as-you-go capital improvement program by 2 years • May potentially increase project costs as they are delayed • Delays the issuance of debt financing SMALL METER RATES Meters: 5/8" - 1 '/2" (94% are under 2") Current Tier Structure 0-12 13-40 41-60 60+ 41-50 1st Tier 2nd Tier 3rd Tier 4th Tier 08/09 $0.49 $1.56 $1.67 $1.84 Tier Structure & Charges (Small Meters) 0-10 11-20 21-30 31-40 41-50 51-60 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier 09/10 $0.58 $0.99 $1.28 $1.57 $1.86 $2.15 $2.44 10/11 $0.64 $1.10 $1.42 $1.74 $2.07 $2.39 $2.71 11/12 $0.70 $1.20 $1.55 $1.90 $2.25 $2.60 $2.96 12/13 $0.76 $1.30 $1.68 $2.06 $2.44 $2.82 $3.20 13/14 $0.82 $1.40 $1.81 $2.23 $2.64 $3.05 $3.46 14 AVERAGE CUSTOMER Bi -Monthly Bill for 5/8 & 3/4 size meters (Current rates) 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 $71.82 $88.52 $105.22 $123.62 $142.02 Bi -Monthly Bill for 5/8 & 3/4 size meters (includes Capital Fee) 40 Units 50 Units 60 Units 70 Units 80 Units FY 09/10 $78.69 $97.29 $118.79 $143.19 $167.59 FY 10/11 $86.24 $106.94 $130.84 $157.94 $185.04 FY 11/12 $93.74 $116.24 $142.24 $171.84 $201.44 FY 12/13 $101.52 $125.92 $154.12 $186.12 $218.12 FY 13/14 1 $109.71 $136.11 $166.61 $201.21 $235.81 Includes • Fixed charge • Capital Fee • Consumption charges % Change From Previous Year 40 Units 50 Units 60 Units 70 Units 80 Units FY 08/09 FY 09/10 9.57% 9.91% 12.90% 15.83% 18.00% FY 10/11 9.59% 9.92% 10.14% 10.30% 10.41% FY 11/12 8.70% 8.70% 8.71% 8.80% 8.86% FY 12/13 8.30% 8.33% 8.35% 8.31% 8.28% FY 13/14 1 8.07% 1 8.09% 8.10% 8.11% 8.11% Total 144.22% 1 44.94% 48.21% 51.35% 53.67% 15 LARGE METER RATES Current Tier Structure 0-12 13-40 41-60 60+ lst Tier 2nd Tier 3rd Tier 4th Tier 08/09 $0.49 $1.56 $1.67 $1.84 Meters: 2" thru 6" (6% are 2" & greater) Tier Structure & Charges (Large Meters - 2" & Greater) 0-10 11-20 21-3031-40 41-50 51-60 1 61+ 1st Tier 2nd Tier 3rd Tier 4th Tier 5th Tier 6th Tier 7th Tier High $0.70 $1.19 $1.55 $1.90 $2.25 $2.60 $2.95 09/10 Normal $0.63 $1.09 $1.40 $1.72 $2.04 $2.36 $2.68 Low $0.58 $0.99 $1.28 $1.57 $1.86 $2.15 $2.44 High $0.78 $1.33 $1.72 $2.11 $2.50 $2.89 $3.28 10/11 Normal $0.71 $1.21 $1.56 $1.92 $2.27 $2.63 $2.98 Low $0.64 $1.10 $1.42 $1.74 $2.07 $2.39 $2.71 High $0.85 $1.45 $1.87 $2.30 $2.73 $3.15 $3.58 11/12 Normal $0.77 $1.32 $1.70 $2.09 $2.48 $2.87 $3.25 Low $0.70 $1.20 $1.55 $1.90 $2.25 $2.60 $2.96 High $0.92 $1.57 $2.03 $2.49 $2.95 $3.41 $3.87 12/13 Normal $0.83 $1.43 $1.84 $2.26 $2.68 $3.10 $3.52 Low $0.76 $1.30 $1.68 $2.06 $2.44 $2.82 $3.20 High $0.99 $1.70 $2.19 $2.69 $3.19 $3.69 $4.19 13/14 Normal $0.90 $1.54 $2.00 $2.45 $2.90 $3.35 $3.81 Low $0.82 $1.40 $1.81 $2.23 $2.64 $3.05 $3.46 LARGE METER CUSTOMER % Change From Previous Year 60 Units 120 Units 180 Units 240 Units 300 Units FY 08/09 FY 09/10 High 22.47% 33.70% 39.79% 43.61% 46.23% Normal 18.92% 26.88% 31.19% 33.90% 35.75% Low 15.70% 20.68% 23.38% 25.07% 26.23% FY 10/11 High 9.93% 10.42% 10.65% 10.79% 10.87% Normal 9.89% 10.37% 10.61% 10.75% 10.84% Low 9.85% 10.32% 10.56% 10.71% 10.81% FY 11/12 High 9.23% 9.14% 9.11% 9.08% 9.07% Nonml 9.23% 9.15% 9.11% 9.09% 9.08% Low 9.24% 9.16% 9.12% 9.10% 9.08% FY 12/13 High 9.00% 8.71% 8.58% 8.50% 8.45% Nonml 9.02% 8.74% 8.60% 8.52% 8.47% Low 9.04% 8.77% 8.63% 8.54% 8.49% FY 13/14 High 9.02% 8.73% 8.59% 8.51% 8.46% Nonoral 9.05% 8.76% 8.62% 8.53% 8.48% Low 9.07% 8.79% 8.64% 8.55% 8.50% 17 RATE COMPARISON (OPTION 1) Monthly Residential Water Bill with 20 Unit Usage 1 billing unit = 100 cubic feet(hcj) = 748 gallons of water $54.83 $57.50 $39. $49.15 Golden State WD Irvine Ranch Mesa WD Conslidated WD Newport Orange Beach Santa Ana $72.55 Tustin EI Toro WD Laguna Beach WD MWDOC 2008 Rate Comparison Survey * IR WD rate includes 10% Increase & Property Tar 18 RATE COMPARISON (OPTION 2) Monthly Residential Water Bill with 20 Unit Usage 1 billing unit = 100 cubic feet(hcj) = 748 gallons of water $72.55 Golden Irvine Ranch Mesa Newport Orange Santa Ana Tustin EI Toro WD Laguna State WD WD Conslidated Beach Beach WD WD MWDOC 2008 Rate Comparison Survey *IRWD rate includes 10% Increase 8 Property Tai 19 ORANGE COUNTY COMPARISON ♦ Rate Increase in late 2008 Laguna Beach WD 7% Golden State 14% Mesa Consolidated WD 15% ♦ Rate Increase in 2009 City of Anaheim 2%; 6/1/09 City of Brea 9%; 5/1/09 & Another Increase in Oct. 10%; 10/1 /09 City of Buena Park 20%; 2/1/09 City of Fullerton 6%; 1 /1 /09 City of Garden Grove 19%;8/25/09 City of Orange 4%; 6/1/09 City of Santa Ana 17%; 7/1 /09 City of Westminster 15%; 1 / 1 /09 Irvine Ranch Water District 10%; 7/1/09 Santa Margarita Water District 14%;7/8/09 ♦ Rate Study in Progress City of Fountain Valley City of Huntington Beach City of La Habra City of La Palma City of Newport Beach City of San Clemente City of Seal Beach 20 r USTIN CITY OF TUSTIN 1 PUBLIC WORKS &FINANCE CRY DEPARTMENTS BUILDING OuR FUTum Jill K*twise. 21 RESOLUTION NO. 09-41 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ADJUSTING WATER SERVICE RATES (OPTION 1) WHEREAS, the City Council of the City of Tustin finds and determines as follows: 1. An analysis of the Tustin Water Enterprise's water supply, storage, and distribution system improvements has been completed; and 2. The analysis revealed that major storage system improvements are required to maintain system reliability; and 3. The analysis determined that additional funding will be required in order to complete the necessary improvements; and 4. The Tustin Water Enterprise has experienced increase operational costs; and 5. A study of the Tustin Water Enterprise Rate Structure and Financing Plan has been completed; and 6. The study has determined that it has become necessary to adjust water service rates to maintain operations, meet bond covenants, and to finance the recommended capital improvements; and 7. It will be necessary to increase rates for next five years; and 8. The revised rates as set forth herewith are reasonable and are necessary to cover the costs of operations of the Tustin Water Service delivery for the next five years. NOW, THEREFORE, the City Council of the City of Tustin does hereby resolve as follows: The bi-monthly water usage tiers, rates, charges, and water demand reduction stages are hereby established as follows: WATER CONSUMPTION TIERS: Residential / Commercial Multiple Unit Tiers Units 1 S Tier 0-10 2" Tier 11-20 3w Tier 21-30 4 Tier 31-40 5 Tier 41-50 6 Tier 51-60 7 Tier 61 + FIXED CHARGE: Tiers Units 1S Tier 0-8 2" Tier 9-16 3o Tier 17-24 4'5 --Tier 1" 25-32 5 th Tier 33-40 6 th Tier 41-48 7 1h Tier 49+ Meter Size 10/7/2009 7/1/2010 7/1/2011 7/1/2012 7/1/2013 5/8" x 3/4" $24.50 $26.94 $29.64 $32.60 $35.86 1" $61.24 $67.36 $74.08 $81.50 $89.64 1 1/2" $122.46 $134.70 $148.18 $163.00 $179.28 2" $195.92 $215.52 $237.06 $260.78 $286.86 3" $367.36 $404.08 $444.50 $488.94 $537.84 4" $612.24 $673.46 $740.82 $814.90 $896.38 6" or Larger $1224.48 $1346.92 $1481.64 $1629.80 $1792.76 Multiple Unit $19.60 $21.56 $23.72 $26.08 $28.68 CAPITAL CHARGE: Meter Size 10/7/2009 7/11/2010 7/11/2011 7/11/2012 7/1/2013 5/8" x 3/4" $10 $10 $11 $11 $11 1" $12 $12 $13 $13 $14 11/2" $16 $16 $17 $17 $18 2" $22 $23 $23 $24 $25 3" $33 $34 $35 $36 $37 4" $53 $55 $56 $58 $60 6" or Larger $90 $93 $95 $98 $101 Multiple Unit $8 $8 $9 $9 $9 CONSUMPTION CHARGE: Small Meter Consumption Char a under 2" meter size Consum tion Char a Tiers 1S Tier 2ndTier 3` Tier 4 Tier 5 Tier 6 Tier 7 Tier Units 0-10 11-20 21-30 31-40 41-50 51-60 61+ 10/07/2009 $0.58 $1.01 $1.31 $1.61 $1.91 $2.21 $2.51 07/01/2010 $0.65 $1.14 $1.47 $1.81 $2.15 $2.49 $2.82 07/01/2011 $0.69 $1.21 $1.56 $1.92 $2.28 $2.64 $2.99 07/01/2012 $0.73 $1.28 $1.66 $2.04 $2.42 $2.79 $3.17 07/01/2013 $0.78 $1.35 $1.76 $2.16 $2.56 $2.96 $3.36 Large Meter Consum tion Char a 2" meter size &greater) Tiers 1 St Tier 2" Tier 3` Tier 4 th5th Tier Tier 6 th7 Tier Tier Units 0-10 11-20 21-30 31-40 41-50 51-60 61+ High $0.70 $1.22 $1.59 $1.95 $2.31 $2.67 $3.04 10/07/2009 Normal $0.64 $1.11 $1.44 $1.77 $2.10 $2.43 $2.76 Low $0.58 $1.01 $1.31 $1.61 1$1.91 $2.21 $2.51 High $0.79 $1.38 $1.78 $2.19 $2.60 $3.01 $3.42 07/01/2010 Normal $0.72 $1.25 $1.62 $1.99 $2.36 $2.74 $3.11 Low $0.65 $1.14 $1.47 $1.81 $2.15 $2.49 $2.82 07/01/2011 High $0.84 $1.46 $1.89 $2.32 $2.76 $3.19 $3.62 Normal $0.76 $1.33 $1.72 $2.11 $2.51 $2.90 $3.29 Low $0.69 $1.21 $1.56 $1.92 $2.28 $2.64 $2.99 High $0.89' $1.55 $2.00. $2.46 $2.92 $3.38 $3.84 07/01/2012 Normal $0.81 $1.41 $1.82 $2.24 $2.66 $3.07 $3.49 Low $0.73 $1.28 $1.66 $2.04 $2.42 $2.79 $3.17 High $0.94 $1.64 $2.12 $2.61 $3.10 $3.58 $4.07 07/01/2013 Normal $0.86 $1.49 $1.93 $2.37 $2.82 $3.26 $3.70 Low $0.78 $1.35 $1.76 $2.16 $2.56 $2.96 1$3.36 High Greater than 110% of prior year consumption Normal 90% - 110% of prior year consumption Low Less than 90% of prior year consumption PASS-THROUGH CHARGE: The pass-through charge is cost per unit charge calculated based on the difference between the projected base production cost and the actual production costs, which is divided by total annual consumption. The pass-through charge would not exceed 7% of the annual water charges. See projected production cost table and formula below: The projected base production cost used for the pass-through calculations is $5,025,979 Formula: (Actual Production Cost) — (Projected Base Production Cost) Total Annual Consumption WATER DEMAND REDUCTION STAGES: Residential / Commercial STAGES 1S 2 na 3 rd 4tn5 th 6tn7 tn Tier Tier Tier Tier Tier Tier Tier No Mandatory Reduction 0-10 11-20 21-30 31-40 41-50 51-60 61+ in units STAGE 1 —Water Watch 0-9 10-18 19-27 28-36 37-45 46-54 55+ Voluntary Compliance 10-20% Reduction STAGE 2 — Water Alert 0-8 9-16 17-24 25-32 33-40 41-48 49+ Mandatory Compliance 20-30% Reduction STAGE 3 — Water 0-7 8-14 15-21 22-28 29-35 36-42 43+ Warning Mandatory Compliance 30-40% Reduction STAGE 4 — Water 0-6 7-12 13-18 19-24 25-30 31-36 37+ Emergency Mandatory Compliance 40%+ Reduction Multiple Unit STAGES 15 2 na 3rd4 tn5 tn6 tn 7 tn Tier Tier Tier Tier Tier Tier Tier No Mandatory Reduction 0-8 9-16 17-24 25-32 33-40 41-48 49+ in units STAGE 1 —Water Watch 0-7 8-14 15-21 22-28 29-35 36-42 43+ Voluntary Compliance 10-20% Reduction STAGE 2 — Water Alert 0-6 7-12 13-18 19-24 25-30 31-36 37+ Mandatory Compliance 20-30% Reduction STAGE 3 — Water 0-6 7-12 13-18 19-24 25-30 31-36 37+ Warning Mandatory Compliance 30-40% Reduction STAGE 4 — Water 0-5 6-10 11-15 16-20 21-25 26-30 31 + Emergency Mandatory Compliance 40%+ Reduction PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin, California, held on the 201h day of October, 2009. DOUG DAVERT, Mayor ATTEST: PAMELA STOKER, City Clerk STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN 1 I, Pamela Stoker, City Clerk and ex -officio Clerk of the City Council of the City of Tustin, California, do hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 09-41 was duly assed and adopted at a regular meeting of the Tustin City Council, held on the 20th day of October, 2009, by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: PAMELA STOKER City Clerk RESOLUTION NO. 09-41 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ADJUSTING WATER SERVICE RATES (OPTION 2) WHEREAS, the City Council of the City of Tustin finds and determines as follows: 1. An analysis of the Tustin Water Enterprise's water supply, storage, and distribution system improvements has been completed; and 2. The analysis revealed that major storage system improvements are required to maintain system reliability; and 3. The analysis determined that additional funding will be required in order to complete the necessary improvements; and 4. The Tustin Water Enterprise has experienced increase operational costs; and 5. A study of the Tustin Water Enterprise Rate Structure and Financing Plan has been completed; and 6. The study has determined that it has become necessary to adjust water service rates to maintain operations, meet bond covenants, and to finance the recommended capital improvements; and 7. It will be necessary to increase rates for next five years; and 8. The revised rates as set forth herewith are reasonable and are necessary to cover the costs of operations of the Tustin Water Service delivery for the next five years. NOW, THEREFORE, the City Council of the City of Tustin does hereby resolve as follows: The bi-monthly water usage tiers, rates, charges, and water demand reduction stages are hereby established as follows: WATER CONSUMPTION TIERS: Residential / Commercial Multiple Unit Tiers Units 1 st Tier 0-10 2 Tier 11-20 3rdTier Ti e F 21-30 4 Tier 31-40 5 Tier 41-50 -6'5-Tier --T- ier 51-60 7 Tier 61 + FIXED CHARGE: Tiers Units 1 s' Tier 0-8 0 Tier 9-16 3� Ti e F 17-24 4 Tier 25-32 5 Tier 33-40 6'F --T- ier 41-48 7 1h Tier 49 + Meter Size 10/7/2009 7/1/2010 7/11/2011 7/11/2012 7/1/2013 5/8" x 3/4" $24.50 $26.94 $29.64 $32.60 $35.86 1" $61.24 $67.36 $74.08 $81.50 $89.64 1 1/2" $122.46 $134.70 $148.18 $163.00 $179.28 2" $195.92 $215.52 $237.06 $260.78 $286.86 3" $367.36 $404.08 $444.50 $488.94 $537.84 4" $612.24 $673.46 $740.82 $814.90 $896.38 6" or Larger $1224.48 $1346.92 $1481.64 $1629.80 $1792.76 Multiple Unit 1 $19.60 $21.56 $23.72 $26.08 $28.68 CAPITAL CHARGE: Meter Size 10/7/2009 7/1/2010 7/1/2011 7/1/2012 7/1/2013 5/8" x 3/4" $10 $10 $11 $11 $11 1" $12 $12 $13 $13 $14 11/2" $16 $16 $17 $17 $18 2" $22 $23 $23 $24 $25 3" $33 $34 $35 $36 $37 4" $53 $55 $56 $58 $60 6" or Larger $90 $93 $95 $98 $101 Multiple Unit $8 $8 $9 $9 $9 CONSUMPTION CHARGE: Small Meter Consumption Char a under 2" meter size Consumption Charge Tiers 1s' Tier 2 nd Tier 3 Id Tier 4 Tier 5 Tier 6 nTier 7 th Tier Units 0-10 11-20 21-30 31-40 41-50 51-60 61+ 10/07/2009 $0.58 $0.99 $1.28 $1.57 $1.86 $2.15 $2.44 07/01/2010 $0.64 $1.10 $1.42 $1.74 $2.07 $2.39 $2.71 07/01/2011 $0.70 $1.20 $1.55 $1.90 $2.25 $2.60 $2.96 07/01/2012 $0.76 $1.30 $1.68 $2.06 $2.44 $2.82 $3.20 07/01/2013 $0.82 $1.40 $1.81 $2.23 $2.64 $3.05 $3.46 Large Meter Consumption Charge 2" meter size &greater) Tiers 1 S Tier 2nd Tier 3 rd Tier 4 th Tier 5th Tier 6 th Tier 7 th Tier Units 0-10 11-20 21-30 31-40 41-50 51-60 61+ High $0.70 $1.19 $1.55 $1.90 $2.25 $2.60 $2.95 10/07/2009 Normal $0.63 $1.09 $1.40 $1.72 $2.04 $2.36 $2.68 Low $0.58 $0.99 $1.28 $1.57 $1.86 $2.15 $2.44 07/01/2010 High $0.78 $1.33 $1.72 $2.11 $2.50 $2.89 $3.28 Normal $0.71 $1.21 $1.56 $1.92 $2.27 $2.63 $2.98 Low $0.64 $1.10 $1.42 $1.74 $2.07 $2.39 $2.71 High $0.85 $1.45 $1.87 $2.30 $2.73 $3.15 $3.58 07/01/2011 Normal $0.77 $1.32 $1.70 $2.09 $2.48 $2.87 $3.25 Low $0.70 $1.20 $1.55 $1.90 $2.25 $2.60 $2.96 07/01/2012 High $0.92 $1.57 $2.03 $2.49 $2.95 $3.41 $3.87 Normal $0.83 $1.43 $1.84 $2.26 $2.68 $3.10 $3.52 Low $0.76 $1.30 $1.68 $2.06 $2.44 $2.82 $3.20 High $0.99 $1.70 $2.19 $2.69 $3.19 $3.69 $4.19 07/01/2013 Normal $0.90 $1.54 $2.00 $2.45 $2.90 $3.35 $3.81 Low $0.82 $1.40 $1.81 $2.23 1$2.64 $3.05 $3.46 High Greater than 110% of prior year consumption Normal90% - 110% of prior year consumption Low I Less than 90% of prior year consumption PASS-THROUGH CHARGE: The pass-through charge is cost per unit charge calculated based on the difference between the projected base production cost and the actual production costs, which is divided by total annual consumption. The pass-through charge would not exceed 7% of the annual water charges. See projected production cost table and formula below: The projected base production cost used for the pass-through calculations is $5,025,979 Formula: (Actual Production Cost) — (Projected Base Production Cost) Total Annual Consumption WATER DEMAND REDUCTION STAGES: Residential / Commercial STAGES 15 2" 3 rd 4 5 th6 th7 th Tier Tier Tier Tier Tier Tier Tier No Mandatory Reduction 0-10 11-20 21-30 31-40 41-50 51-60 61+ in units STAGE 1 —Water Watch 0-9 10-18 19-27 28-36 37-45 46-54 55+ Voluntary Compliance 10-20% Reduction STAGE 2 — Water Alert 0-8 9-16 17-24 25-32 33-40 41-48 49+ Mandatory Compliance 20-30% Reduction STAGE 3 — Water 0-7 8-14 15-21 22-28 29-35 36-42 43+ Warning Mandatory Compliance 30-40% Reduction STAGE 4 — Water 0-6 7-12 13-18 19-24 25-30 31-36 37+ Emergency Mandatory Compliance 40%+ Reduction Multiple Unit STAGES 1S 2 no 3 ra 4tn5tn6tn7 th Tier Tier Tier Tier Tier Tier Tier No Mandatory Reduction 0-8 9-16 17-24 25-32 33-40 41-48 49+ in units STAGE 1 —Water Watch 0-7 8-14 15-21 22-28 29-35 36-42 43+ Voluntary Compliance 10-20% Reduction STAGE 2 — Water Alert 0-6 7-12 13-18 19-24 25-30 31-36 37+ Mandatory Compliance 20-30% Reduction STAGE 3 — Water 0-6 7-12 13-18 19-24 25-30 31-36 37+ Warning Mandatory Compliance 30-40% Reduction STAGE 4 — Water 0-5 6-10 11-15 16-20 21-25 26-30 31 + Emergency Mandatory Compliance 40%+ Reduction PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin, California, held on the 20th day of October, 2009. DOUG DAVERT, Mayor ATTEST: PAMELA STOKER, City Clerk STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) I, Pamela Stoker, City Clerk and ex -officio Clerk of the City Council of the City of Tustin, California, do hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 09-41 was duly assed and adopted at a regular meeting of the Tustin City Council, held on the 20th day of October, 2009, by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: PAMELA STOKER City Clerk RESOLUTION NO. 09-41 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ADJUSTING WATER SERVICE RATES (OPTION 3) WHEREAS, the City Council of the City of Tustin finds and determines as follows: 1. An analysis of the Tustin Water Enterprise's water supply, storage, and distribution system improvements has been completed; and 2. The analysis revealed that major storage system improvements are required to maintain system reliability; and 3. The analysis determined that additional funding will be required in order to complete the necessary improvements; and 4. The Tustin Water Enterprise has experienced increase operational costs; and 5. A study of the Tustin Water Enterprise Rate Structure and Financing Plan has been completed; and 6. The study has determined that it has become necessary to adjust water service rates to maintain operations, meet bond covenants, and to finance the recommended capital improvements; and 7. It will be necessary to increase rates for next five years; and 8. The revised rates as set forth herewith are reasonable and are necessary to cover the costs of operations of the Tustin Water Service delivery for the next five years. NOW, THEREFORE, the City Council of the City of Tustin does hereby resolve as follows: The bi-monthly water usage tiers, rates, charges, and water demand reduction stages are hereby established as follows: WATER CONSUMPTION TIERS: Residential / Commercial Tiers Units 1 S Tier 0-10 2 Tier 11-20 3rcl Tier 21-30 4 Tier 31-40 5 Tier 41-50 6 Tier 51-60 7 1h Tier 61 + FIXED CHARGE: Multiple Unit Tiers Units 1 S Tier 0-8 2" Tier 9-16 TTier $29.64 17-24 4 Tier 25-32 5 Tier 33-40 6 1h Tier 41-48 7 Tier 49 + Meter Size 10/7/2009 7/1/2010 7/1/2011 7/1/2012 7/1/2013 5/8" x 3/4" $24.50 $26.94 $29.64 $32.60 $35.86 1" $61.24 $67.36 $74.08 $81.50 $89.64 11/2" $122.46 $134.70 $148.18 $163.00 $179.28 2" $195.92 $215.52 $237.06 $260.78 $286.86 3" $367.36 $404.08 $444.50 $488.94 $537.84 4" $612.24 $673.46 $740.82 $814.90 $896.38 6" or Larger $1224.48 $1346.92 $1481.64 $1629.80 $1792.76 Multiple Unit $19.60 $21.56 $23.72 $26.08 $28.68 CAPITAL CHARGE: Meter Size 10/7/2009 7/1/2010 7/1/2011 7/1/2012 7/1/2013 5/8" x 3/4" $10 $10 $11 $11 $11 1" $12 $12 $13 $13 $14 11/2" $16 $16 $17 $17 $18 2" $22 $23 $23 $24 $25 3" $33 $34 $35 $36 $37 4" $53 $55 $56 $58 $60 6" or Larger $90 $93 $95 $98 $101 Multiple Unit $8 $8 $9 $9 $9 CONSUMPTION CHARGE: Small Meter Consumption Char a under 2" meter size Consumption Charge ( 2" meter size &greater) Tiers 1st Tier 2 nd Tier 3rdTier 4 Tier 5 Tier 6,n Tier 7 Tier Units 0-10 11-20 21-30 31-40 41-50 51-60 61+ 10/07/2009 $0.56 $0.89 $1.12 $1.37 $1.72 $2.04 $2.36 07/01/2010 $0.64 $1.02 $1.29 $1.57 $1.98 $2.34 $2.71 07/01/2011 $0.64 $1.02 $1.29 $1.57 1$2.06 $2.43 $2.81 07/01/2012 $0.64 $1.02 $1.29 $1.57 $2.14 $2.52 $2.92 07/01/2013 $0.69 $1.10 $1.39 $1.70 $2.31 $2.73 $3.16 Large Meter Consumption Charge ( 2" meter size &greater) Tiers 1 St Tier ON3rd4 Tier Tier th Tier Sth Tier 6 th Tier 7 th Tier Units 0-10 11-20 21-30 31-40 41-50 51-60 61+ High $0.68 $1.08 $1.35 $1.66 $2.08 $2.47 $2.85 10/07/2009 Normal $0.61 $0.98 $1.23 $1.51 $1.89 $2.24 $2.59 Low $0.56 $0.89 $1.12 $1.37 $1.72 $2.04 $2.36 High :. $0.78 $1.24 $1.56 $1.90 $2.39 $2.84 $3.28 07/01/2010 Normal . $0.71 $1.12 $`1.42 $1.73 $2.17 $2.58 $2.98 Low $0.64 $1.02 $1.29 $1.57 $1.98 $2.34 $2.71 High $0.78 $1.24 $1.56 $1.90 $2.49 $2.95 $3.40 07/01/2011 Normal $0.71 $1.12 $1.42 $1.73 $2.26 $2.68 $3.09 Low $0.64 $1.02 $1.29 $1.57 1$2.06 $2.43 $2.81 Hifi $0.78 $1.24 $1.56 $1.90 $2.59 , $3.05 $3.54 07/01/2012 Normal $0.71 $1.12 $1.42 $1.73 $2.35 $2.78 $3.21 Low $0.64 $1.02 $1.29 $1.57 $2.14 $2.52 $2.92 High $0.84 $1.34 $1.68 $2.06 $2.79 $3.30 $3.82 07/01/2013 Normal $0.76 1$1.21 $1.53 $1.87 1$2.54 $3.00 $3.47 Low $0.69 1$1.10 $1.39 1 $1.70 1$2.31 1$2.73 $3.16 High Greater than 110% of prior year consumption Normal 90% - 110% of prior year consumption Low Less than 90% of prior year consumption PASS-THROUGH CHARGE: The pass-through charge is cost per unit charge calculated based on the difference between the projected base production cost and the actual production costs, which is divided by total annual consumption. The pass-through charge would not exceed 7% of the annual water charges. See projected production cost table and formula below: The projected base production cost used for the pass-through calculations is $5,025,979 Formula: (Actual Production Cost) — (Projected Base Production Cost) Total Annual Consumption WATER DEMAND REDUCTION STAGES: Residential / Commercial STAGES 15 2 no 3 rd 4 th 5 th 6 tn7 tn Tier Tier Tier Tier Tier Tier Tier No Mandatory Reduction 0-10 11-20 21-30 31-40 41-50 51-60 61+ in units STAGE 1 —Water Watch 0-9 10-18 19-27 28-36 37-45 46-54 55+ Voluntary Compliance 10-20% Reduction STAGE 2 — Water Alert 0-8 9-16 17-24 25-32 33-40 41-48 49+ Mandatory Compliance 20-30% Reduction STAGE 3 — Water 0-7 8-14 15-21 22-28 29-35 36-42 43+ Warning Mandatory Compliance 30-40% Reduction STAGE 4 — Water 0-6 7-12 13-18 19-24 25-30 31-36 37+ Emergency Mandatory Compliance 40%+ Reduction Multiple Unit STAGES 15 2 no 3` 4 5th 6 th 7 th Tier Tier Tier Tier Tier Tier Tier No Mandatory Reduction 0-8 9-16 17-24 25-32 33-40 41-48 49+ in units STAGE 1 —Water Watch 0-7 8-14 15-21 22-28 29-35 36-42 43+ Voluntary Compliance 10-20% Reduction STAGE 2 — Water Alert 0-6 7-12 13-18 19-24 25-30 31-36 37+ Mandatory Compliance 20-30% Reduction STAGE 3 — Water 0-6 7-12 13-18 19-24 25-30 31-36 37+ Warning Mandatory Compliance 30-40% Reduction STAGE 4 — Water 0-5 6-10 11-15 16-20 21-25 26-30 31 + Emergency Mandatory Compliance 40%+ Reduction PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin, California, held on the 20th day of October, 2009. DOUG DAVERT, Mayor ATTEST: PAMELA STOKER, City Clerk STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) I, Pamela Stoker, City Clerk and ex -officio Clerk of the City Council of the City of Tustin, California, do hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 09-41 was duly assed and adopted at a regular meeting of the Tustin City Council, held on the 20th day of October, 2009, by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: PAMELA STOKER City Clerk RESOLUTION NO. 09-41 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ADJUSTING WATER SERVICE RATES (OPTION 4) WHEREAS, the City Council of the City of Tustin finds and determines as follows: 1. An analysis of the Tustin Water Enterprise's water supply, storage, and distribution system improvements has been completed; and 2. The analysis revealed that major storage system improvements are required to maintain system reliability; and 3. The analysis determined that additional funding will be required in order to complete the necessary improvements; and 4. The Tustin Water Enterprise has experienced increase operational costs; and 5. A study of the Tustin Water Enterprise Rate Structure and Financing Plan has been completed; and 6. The study has determined that it has become necessary to adjust water service rates to maintain operations, meet bond covenants, and to finance the recommended capital improvements; and 7. It will be necessary to increase rates for next five years; and 8. The revised rates as set forth herewith are reasonable and are necessary to cover the costs of operations of the Tustin Water Service delivery for the next five years. NOW, THEREFORE, the City Council of the City of Tustin does hereby resolve as follows: The bi-monthly water usage tiers, rates, charges, and water demand reduction stages are hereby established as follows: WATER CONSUMPTION TIERS: Residential / Commercial Tiers Units 1 S Tier 0-10 2" Tier 11-20- 1-203r 3rd Tier 21-30 4 Tier 31-40 5 Tier 41-50 6 Tier 51-60 7 Tier 161 + FIXED CHARGE: Multiple Unit Tiers Units 1't Tier 0-8 2" Tier 9-16 3 rd Tier 17-24 4 Tier 25-32 5 Tier 33-40 6 th Tier 41-48 7 1h Tier 49+ Meter Size 10/7/2009 7/1/2010 7/1/2011 7/1/2012 7/1/2013 5/8" x 3/4"$24.50 $10 $26.94 $29.64 $32.60 $35.86 1" $61.24 $67.36 $74.08 $81.50 $89.64 11/2" $122.46 $134.70 $148.18 $163.00 $179.28 2" $195.92 $215.52 $237.06 $260.78 $286.86 3" $367.36 $404.08 $444.50 $488.94 $537.84 4" $612.24 $673.46 $740.82 $814.90 $896.38 6" or Larger $1224.48 $1346.92 $1481.64 $1629.80 $1792.76 Multiple Unit 1 $19.60 $21.56 $23.72 $26.08 $28.68 CAPITAL CHARGE: Meter Size 10/7/2009 7/1/2010 7/1/2011 7/1/2012 7/1/2013 5/8" x 3/4" $10 $10 $11 $11 $11 1" $12 $12 $13 $13 $14 11/2" $16 $16 $17 $17 $18 2" $22 $23 $23 $24 $25 3" $33 $34 $35 $36 $37 4'$ $53 $55 $56 $58 $60 6" or Larger $90 $93 $95 $98 $101 Multiple Unit $8 $8 $9 $9 $9 CONSUMPTION CHARGE: Small Meter Consumption Char a (under 2" meter size Consumption Char a Tiers 1S Tier 2 nd Tier 3 Id Tier 4 Tier 5 Tier 6 Tier 7 Tier Units 0-10 11-20 21-30 31-40 41-50 51-60 61+ 10/07/2009 $0.56 $0.91 $1.15 $1.39 $1.74 $2.04 $2.34 07/01/2010 $0.56 $0.91 $1.15 $1.39 $1.81 $2.12 $2.43 07/01/2011 $0.64 1$1.03 Isi.30 $1.57 $2.10 $2.42 $2.77 07/01/2012 $0.64 1 $1.03 1 $1.30 1$1.57 $2.19 $2.52 $2.89 07/01/2013 $0.64 1 $1.03 1 $1.30 1$1.57 $2.28 $2.63 $3.02 Large Meter Consumption Char a 2" meter size &greater) Tiers 1 St Tier 2 na Tier 3rd4 Tier th Tier 5 th Tier 6 th Tier 7 Tier Units 0-10 11-20 21-30 31-40 41-50 51-60 61+ High $0.68 $1.11 $1.40 $1.69 $2.11 $2.47 $2.84 10/07/2009 Normal $0.62 $1.00 $1.27 $1.53 $1.92 $2.25 $2.58 Low $0.56 $0.91 $1.15 $1.39 $1.74 $2.04 $2.34 High $0.68 $1,.11 $1.40 $1.69 $2.19 $2.57 $2.94 07/01/2010 Normal $0.62 $1.00 $1.27 $1.53 $1.99 $2.34 $2.68 Low: $0.56 $0.91 $1.15 $1.39 $1.81 $2.12 $2.43- 2.43Hi High h $0.77 $1.25 $1.58 $1.91 $2.54 $2.93 $3.35 07/01/2011 Normal $0.70 $1.14 $1.43 $1.73 $2.31 $2.66 $3.05 Low $0.64 $1.03 $1.30 $1.57 $2.10 $2.42 $2.77 07/01/2012 High $0.77 $1.25 $1.58 $1.91 $2.65 $3.05 $3.50 Normal $0.70 $1.14 $1.43 $1.73 $2.41 $2.77 $3.18 Low $0.64 $1.03 $1.30 $1.57 $2.19 $2.52 $2.89 $0.77 $1.25 $1.58 $1.91 $2.76 $3.18 1$3.65 07/01/2013 -High Normal $0.70 $1.14 $1.43 $1.73 $2.51 $2.89 1$3.32 Low $0.64 1$1.03 1$1.30 $1.57 $2.28 $2.63 1$3.02 High Greater than 110% of prior year consumption Normal 90% - 110% of prior year consumption Low Less than 90% of prior year consumption PASS-THROUGH CHARGE: The pass-through charge is cost per unit charge calculated based on the difference between the projected base production cost and the actual production costs, which is divided by total annual consumption. The pass-through charge would not exceed 7% of the annual water charges. See projected production cost table and formula below: The projected base production cost used for the pass-through calculations is $5,025,979 Formula: (Actual Production Cost) — (Projected Base Production Cost) Total Annual Consumption WATER DEMAND REDUCTION STAGES: Residential / Commercial STAGES 15 2 na 3 rd 4 5 In6th 7 tn Tier Tier Tier Tier Tier Tier Tier No Mandatory Reduction 0-10 11-20 21-30 31-40 41-50 51-60 61+ in units STAGE 1 —Water Watch 0-9 10-18 19-27 28-36 37-45 46-54 55+ Voluntary Compliance 10-20% Reduction STAGE 2 — Water Alert 0-8 9-16 17-24 25-32 33-40 41-48 49+ Mandatory Compliance 20-30% Reduction STAGE 3 — Water 0-7 8-14 15-21 22-28 29-35 36-42 43+ Warning Mandatory Compliance 30-40% Reduction STAGE 4 — Water 0-6 7-12 13-18 19-24 25-30 31-36 37+ Emergency Mandatory Compliance 40%+ Reduction Multiple Unit STAGES 15 2 nd 3rd&n 5tn6tn7tn Tier Tier Tier Tier Tier Tier Tier No Mandatory Reduction 0-8 9-16 17-24 25-32 33-40 41-48 49+ in units STAGE 1 —Water Watch 0-7 8-14 15-21 22-28 29-35 36-42 43+ Voluntary Compliance 10-20% Reduction STAGE 2 — Water Alert 0-6 7-12 13-18 19-24 25-30 31-36 37+ Mandatory Compliance 20-30% Reduction STAGE 3 — Water 0-6 7-12 13-18 19-24 25-30 31-36 37+ Warning Mandatory Compliance 30-40% Reduction STAGE 4 — Water 0-5 6-10 11-15 16-20 21-25 26-30 31 + Emergency Mandatory Compliance 40%+ Reduction PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin, California, held on the 20th day of October, 2009. DOUG DAVERT, Mayor ATTEST: PAMELA STOKER, City Clerk STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) I, Pamela Stoker, City Clerk and ex -officio Clerk of the City Council of the City of Tustin, California, do hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 09-41 was duly assed and adopted at a regular meeting of the Tustin City Council, held on the 20th day of October, 2009, by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: PAMELA STOKER City Clerk RESOLUTION NO. 09-41 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ADJUSTING WATER SERVICE RATES (OPTION 5) WHEREAS, the City Council of the City of Tustin finds and determines as follows: 1. An analysis of the Tustin Water Enterprise's water supply, storage, and distribution system improvements has been completed; and 2. The analysis revealed that major storage system improvements are required to maintain system reliability; and 3. The analysis determined that additional funding will be required in order to complete the necessary improvements; and 4. The Tustin Water Enterprise has experienced increase operational costs; and 5. A study of the Tustin Water Enterprise Rate Structure and Financing Plan has been completed; and 6. The study has determined that it has become necessary to adjust water service rates to maintain operations, meet bond covenants, and to finance the recommended capital improvements; and 7. It will be necessary to increase rates for next five years; and 8. The revised rates as set forth herewith are reasonable and are necessary to cover the costs of operations of the Tustin Water Service delivery for the next five years. NOW, THEREFORE, the City Council of the City of Tustin does hereby resolve as follows: The bi-monthly water usage tiers, rates, charges, and water demand reduction stages are hereby established as follows: WATER CONSUMPTION TIERS: Residential / Commercial Multiple Unit Tiers Units 1 S Tier 0-10 2" Tier 11-20 3rdTier Tier 21-30 4 Tier 31-40 5 Tier 41-50 6 Tier 51-60 7 Tier 61 + FIXED CHARGE: Tiers Units 1 s' Tier 0-8 2" Tier 9-16 3` Tier 17-24 4 Tier 25-32 5 Tier 33-40 6 Tier 41-48 7 Tier 49+ Meter Size 10/7/2009 7/1/2010 7/1/2011 5/8" x 3/4" $24.50 $26.94 $29.64 ill $61.24 $67.36 $74.08 1 1/2" $122.46 $134.70 $148.18 2" $195.92 $215.52 $237.06 3" $367.36 $404.08 $444.50 4" $612.24 $673.46 $740.82 6" or Larger $1224.48 $1346.92 $1481.64 Multiple Unit $19.60 $21.56 $23.72 CAPITAL CHARGE: Meter Size 10/7/2009 7/1/2010 7/1/2011 5/8" x 3/4" $10 $10 $11 1" $12 $12 $13 11/2" $16 $16 $17 2" $22 $23 $23 3" $33 $34 $35 4" $53 $55 $56 6" or Larger $90 $93 $95 Multiple Unit $8 $8 $9 CONSUMPTION CHARGE: Small Meter Consumption Char a under 2" meter size Consumption Charge Tiers 1" Tier 2 nd Tier 3 Id Tier 4 Tier 5 Tier 6 nTier 7 Tier Units 0-10 11-20 21-30 31-40 41-50 51-60 61+ 10/07/2009 $0.56 $0.89 $1.12 $1.37 $1.72 $2.04 $2.36 07/01/2010 $0.64 $1.02 $1.29 $1.57 $1.98 $2.34 $2.71 07/01/2011 $0.64 $-1-.021 $1.29 $1.57 $2.06 $2.43 $2.81 Large Meter Consumption Charge 2" meter size &greater) Tiers 1 St Tier 2" Tier 3` Tier 4 th5 Tier th6 Tier th7 Tier Tier Units 0-10 11-20 21-30 31-40 41-50 51-60 61+ High $0.68 $1.08 $1.35 $1.66 $2.08 $2.47 $2.85 10/07/2009 Normal $0.61 $0.98 $1.23 $1.51 $1.89 $2.24 $2.59 Low $0.56 $0.89 $1.12 $1.37 $1.72 1$2.04 $2.36 High $0.78 $1.24 $1.56 $1.90 $2.39 $2.84 $3.28 07/01/2010 Normal $0.71 $1.12 $1.42 $1.73 $2.17 $2.58 $2.98 Low $0.64 $1.02 $1.29 $1.57 $1.98 $2.34 $2.71 High $0.78 1$1.24 $1.56 1$1.90 $2.49 $2.95 $3.40 07/01/2011 Normal $0.71 1$1.12 $1.42 11 $1.73 $2.26 $2.68 $3.09 Low $0.64 1$1.02 $1.29 1 $1.57 $2.06 $2.43 1$2.81 High Greater than 110% of prior year consumption Normal 90% - 110% of prior year consumption Low Less than 90% of prior year consumption PASS-THROUGH CHARGE: The pass-through charge is cost per unit charge calculated based on the difference between the projected base production cost and the actual production costs, which is divided by total annual consumption. The pass-through charge would not exceed 7% of the annual water charges. See projected production cost table and formula below: The projected base production cost used for the pass-through calculations is $5,025,979 Formula: (Actual Production Cost) — (Projected Base Production Cost) Total Annual Consumption WATER DEMAND REDUCTION STAGES: Residential / Commercial STAGES 15 2 na 3 ra4 th 5 th 6 tn7 tn Tier Tier Tier Tier Tier Tier Tier No Mandatory Reduction 0-10 11-20 21-30 31-40 41-50 51-60 61+ in units STAGE 1 —Water Watch 0-9 10-18 19-27 28-36 37-45 46-54 55+ Voluntary Compliance 10-20% Reduction STAGE 2 — Water Alert 0-8 9-16 17-24 25-32 33-40 41-48 49+ Mandatory Compliance 20-30% Reduction STAGE 3 — Water 0-7 8-14 15-21 22-28 29-35 36-42 43+ Warning Mandatory Compliance 30-40% Reduction STAGE 4 — Water 0-6 7-12 13-18 19-24 25-30 31-36 37+ Emergency Mandatory Compliance 40%+ Reduction Multiple Unit STAGES 1S 2" 3rd4 th 5th 6 th 7 th Tier Tier Tier Tier Tier Tier Tier No Mandatory Reduction 0-8 9-16 17-24 25-32 33-40 41-48 49+ in units STAGE 1 —Water Watch 0-7 8-14 15-21 22-28 29-35 36-42 43+ Voluntary Compliance 10-20% Reduction STAGE 2 — Water Alert 0-6 7-12 13-18 19-24 25-30 31-36 37+ Mandatory Compliance 20-30% Reduction STAGE 3 — Water 0-6 7-12 13-18 19-24 25-30 31-36 37+ Warning Mandatory Compliance 30-40% Reduction STAGE 4 — Water 0-5 6-10 11-15 16-20 21-25 26-30 31 + Emergency Mandatory Compliance 40%+ Reduction PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin, California, held on the 20th day of October, 2009. DOUG DAVERT, Mayor ATTEST: PAMELA STOKER, City Clerk STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) I, Pamela Stoker, City Clerk and ex -officio Clerk of the City Council of the City of Tustin, California, do hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 09-41 was duly assed and adopted at a regular meeting of the Tustin City Council, held on the 20th day of October, 2009, by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: PAMELA STOKER City Clerk RESOLUTION NO. 09-41 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ADJUSTING WATER SERVICE RATES (OPTION 6) WHEREAS, the City Council of the City of Tustin finds and determines as follows: 1. An analysis of the Tustin Water Enterprise's water supply, storage, and distribution system improvements has been completed; and 2. The analysis revealed that major storage system improvements are required to maintain system reliability; and 3. The analysis determined that additional funding will be required in order to complete the necessary improvements; and 4. The Tustin Water Enterprise has experienced increase operational costs; and 5. A study of the Tustin Water Enterprise Rate Structure and Financing Plan has been completed; and 6. The study has determined that it has become necessary to adjust water service rates to maintain operations, meet bond covenants, and to finance the recommended capital improvements; and 7. It will be necessary to increase rates for next five years; and 8. The revised rates as set forth herewith are reasonable and are necessary to cover the costs of operations of the Tustin Water Service delivery for the next five years. NOW, THEREFORE, the City Council of the City of Tustin does hereby resolve as follows: The bi-monthly water usage tiers, rates, charges, and water demand reduction stages are hereby established as follows: WATER CONSUMPTION TIERS: Residential / Commercial Multiple Unit Tiers Units 1 S Tier 0-10 2nd Tier 11-20 3 rd Tier 21-30 4 Tier 31-40 5 Tier 41-50 6 Tier 51-60 7 Tier 61 + FIXED CHARGE: Meter Size 10/7/2009 5/8" x 3/4" $24.50 ill $61.24 1 1/2" $122.46 2" $195.92 3" $367.36 4" $612.24 6" or Larger $1224.48 Multiple Unit $19.60 CAPITAL CHARGE: Meter Size 10/7/2009 5/8" x 3/4" $10 1" $12 1 1/2" $16 2" $22 3" $33 4" $53 6" or Larger $90 Multiple Unit $8 Tiers Units 1s Tier 0-8 2" Tier 9-16 T Tier 17-24 4 Tier 25-32 5 Tier 33-40 6 Tier 41-48 7 Tier 49+ CONSUMPTION CHARGE: Small Meter Consumption Char a under 2" meter size Tiers I Ist Tier 12" Tier 13rTier 4 Tier 15 nTier 16 inTier 7 Tier Units 0-10 11-20 21-30 31-40 41-50 51-60 61 + 10/07/2009 1 $0.57 1 $0.95 1 $1.21 1$1.49 1 $1.89 1$2.21 $2.53 Large Meter Consumption Char a 2" meter size &greater) Tiers 1S Tier 2 na Tier 3 rd4 Tier th Tier 5th Tier 6 th Tier 7 th Tier Units 0-10 11-20 21-30 31-40 41-50 51-60 61+ High $0.69 $1.15 $1.46 $1.80 $2.29 $2.67 $3.06 10/07/2009 Normal $0.63 $1.04 $1.33 $1.64 $2.08 $2.43 $2.78 Low $0.57 $0.95 $1.21 $1.49 $1.89 $2.21 $2.53 High Greater than 110% of prior year consumption Normal 90% - 110% of prior year consumption Low Less than 90% of prior year consumption PASS-THROUGH CHARGE: The pass-through charge is cost per unit charge calculated based on the difference between the projected base production cost and the actual production costs, which is divided by total annual consumption. The pass-through charge would not exceed 7% of the annual water charges. See projected production cost table and formula below: The projected base production cost used for the pass-through calculations is $5,025,979 Formula: Actual Production Cost) — (Projected Base Production Cost) Total Annual Consumption WATER DEMAND REDUCTION STAGES: Residential / Commercial STAGES 1S 2 no 3 rd 4 th 5th 6 tn7 tn Tier Tier Tier Tier Tier Tier Tier No Mandatory Reduction 0-10 11-20 21-30 31-40 41-50 51-60 61+ in units STAGE 1 —Water Watch 0-9 10-18 19-27 28-36 37-45 46-54 55+ Voluntary Compliance 10-20% Reduction STAGE 2 — Water Alert 0-8 9-16 17-24 25-32 33-40 41-48 49+ Mandatory Compliance 20-30% Reduction STAGE 3 — Water 0-7 8-14 15-21 22-28 29-35 36-42 43+ Warning Mandatory Compliance 30-40% Reduction STAGE 4 — Water 0-6 7-12 13-18 19-24 25-30 31-36 37+ Emergency Mandatory Compliance 40%+ Reduction Multiple Unit STAGES 1S 2 no 3 rd 4 tn 5 tn 6 tn 7 tn Tier Tier Tier Tier Tier Tier Tier No Mandatory Reduction 0-8 9-16 17-24 25-32 33-40 41-48 49+ in units STAGE 1 — Water Watch 0-7 8-14 15-21 22-28 29-35 36-42 43+ Voluntary Compliance 10-20% Reduction STAGE 2 — Water Alert 0-6 7-12 13-18 19-24 25-30 31-36 37+ Mandatory Compliance 20-30% Reduction STAGE 3 — Water 0-6 7-12 13-18 19-24 25-30 31-36 37+ Warning Mandatory Compliance 30-40% Reduction STAGE 4 — Water 0-5 6-10 11-15 16-20 21-25 26-30 31 + Emergency Mandatory Compliance 40%+ Reduction PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin, California, held on the 20th day of October, 2009. DOUG DAVERT, Mayor ATTEST: PAMELA STOKER, City Clerk STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN I, Pamela Stoker, City Clerk and ex -officio Clerk of the City Council of the City of Tustin, California, do hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 09-41 was duly assed and adopted at a regular meeting of the Tustin City Council, held on the 20th day of October, 2009, by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: PAMELA STOKER City Clerk