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HomeMy WebLinkAboutCC 11 WTR COMMOD RATE 2-21-84DATE: Feb. 15, 1984 CONSENT CALENDAR NO. ll Inter-Corn FROH: SUBJECT: HONORABLE MAYOR AND CITY COUNCIL BILL HUSTON, CITY MANAGER WATER COMMODITY RATE ADJUSTMENT - PASS THROUGH FORMULA RECOI,~ENDATZON That the City Council adopt Resolution No. 84-21 which permits administrative adjustments of water rates. BACKGROUND As part of the Montgomery Engineering analysis of the City's water rate structure, a recommendation was made that water rates should be adjusted periodically to offset direct cost increases in; a) purchased water; b) energy; c) pump taxes and/or basin equity assessments. These fixed operating expenses of the water fund are tied directly to charges established by the East Orange County Water District and the Edison Company. Increases in purchased wa%er and energy rates have a substantial affect upon the financial position of the water fund since these expenses are major components of the water system operating budget. DISCUSSION Resolution No. 84-21 provides the authorization for staff to administratively adjust water commodity rates to pass through increased operating expenses for purchased water (including pump taxes and/or basin equity assessments set by the Water District) and energy. The resolution establishes a base year with a methodology to calculate future adjustments which must be reported to the City Council within five (5) days of any adjustment. BH:dmt 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2O 21 22 23 24 25 26 27 28 RESOLUTION NO. 84-21 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA ADDING A COMMODITY ADJUSTMENT CHARGE TO THE WATER SERVICE RATES WHEREAS, a study of the Tustin water service rate structure has been completed; and WHEREAS, the study hereinabove mentioned recommended that the rate structure of the Tustin water service be amended to pro- vide for a commodity adjustment charge to permit administrative adjustment of water rates to permit changes in water rates so certain increased costs over the Base Year costs, including the pump tax and/or basin equity assessment imposed by the Orange County Water District, cost of purchased water and cost of electri- cal energy to pump water can be charged to water customers of Tustin; and WHEREAS, the City Council finds and determines that it is appropriate to amend the resolution of the City of Tustin establishing water service rates to include a commodity adjustment charge for the PUrposes described above. NOW, THEREFORE, the City Council of the City of Tustin does hereby resolve as follows: 1. Resolution No. 83-7 is hereby amended by adding a new paragraph as follows: "F. Effective April 1, 1984, there is hereby imposed a commodity adjustment charge applicable to all water usage charges for water sold pursuant to the provisions of Resolution No. 83-7. The City Manager is hereby ~uthorized and directed to make or cause to be made the charg.es associated with the commodity adjustment charge as provided in this subsection F. When the commodity adjustment charge is first charged to customers under the water service rates or it is increased or de- creased, the City Manager shall within five (5) days notify the City Council in writing of the action taken pursuant to this subsection. The comm6dity adjustment charge shall be added to the water usage charges for water sold to each customer and shall provide for the automatic adjustment for each 100 cubic feet of water sold whenever the cost per acre foot (A.F.) of water is increased with respect to the Base Year of 1982-83 due to changes in the Orange County Water District (OCWD) pump tax and/or basin equity assessment, . the East Orange County Water District (EOCWD) acre 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1,5 16 17 18 19 2O 21 22 23 24 25 26 27 28 foot charge for treated water and/or the costs of electricity associated with underground water production. The Base Year Costs (Based on 1982-83 fiscal year figures-~are as follows: Dollars Per Acre Foot Cost of purchased water from EOCWD $ 155 OCWD Pump Tax Electrical Pumping Cost Basin Equity Assessment Base Year Water Cost 21 60 61 Purchased Water 155 Pumped Water 81 The Basin ~roduction Percentage established for the City 'of Tustin by OCWD is currently 60% pumped and 40% purchased water. If pumped water exceeds 70% of total, the acre foot charge as- sociated with the-Basin Equity Assessment is ap- plicable. The OCWD has the authority to change these percentages on an annual basis. In the Base Year Tustin water service rates did not include a basin equity assessment because Tustin did not pump 70% of the water sold to its customers. To the extent that in years after the Base Year any of the costs shown above are increased or the Basin Equity Assessment is applicable, such in- creased costs would be recovered by the commodity adjustment charge." 2. The attached Exhibit A illustrates the method determining the amount of a commodity adjustment charge. 3. Except as provided in this Resolution, III III III III of all terms and · 1 conditions of Resolution No. 83-7 shall remain in f~ll force and effect. 2 3 of 4 5 ATTEST: 6 7 CITY CLERK 8 JGR:ARW:cjs:D:09/O1/83:32 JGR:ARW:cj~:R:09/26/83:32 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 PASSED A~D ADOPTED at a regular meeting of the City Council the city of Tustin held on the day of , 1983. MAYOR 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2O 21 22 23 24 25 26 27 28 EX}{I B IT "A" Example of a commodity Adjustment Base Year Water Sales Total Sales Lifeline Rate Sales Sales above Lifeline Base Year Water Requirement Pumped Water Purchased Water (Cubic Feet) 5,000,000 497,042 4,502,958 (Acre Feet) 5,940 7,260 Total Water Supply 13,200 Increase of Purchased Water Costs to $187 per Acre Foot New Rate $187 Old Rate 155 Increase Unit Cost $ 32 per Acre Foot Amount of Water Purchased in Base Year 7,260 Acre Foot times increase in unit cost of $32 is $232,320 $ 232,320 Increase Water Cost 4,502,958 CCF Net Sales in Base Year = $0.052/CCF Commodity Adjustment