RATE ANALYSIS FY 2015 - FY 2019 March 6, 2014 CARSON VALLEY WATER UTILITY FUND 326 – DEPARTMENT 864.

Slides:



Advertisements
Similar presentations
July 15, 2008 – GB Work Session Discussion of Mayor Thomas E. Swisstack’s Priority List Recommendations.
Advertisements

City of Farmersville, Texas Water and Wastewater Rate Study February 2011.
Municipal & Financial Services Group Water and Sewer Rate Study Revenue Requirements and Rates Workshop April 18, 2012 King George County Service Authority.
Revised FY 2007 & Proposed FY 2008 Operating & Capital Budgets Retail Rates Committee January 4, 2007.
Andrew Maylor Town Administrator October 19, 2010.
Presentation to CITY OF PALM COAST, FLORIDA WATER AND WASTEWATER RATE STUDY AND BOND FEASBILITY REPORT Prepared in Conjunction with the Issuance of Utility.
City Manager’s Proposed Budget for Fiscal Years 2010 and 2011 City Council Budget Hearing June 08, 2009.
RETROFIT POLICY FOR GRANT FUNDED PROJECTS Utilities Department Orange County Board of County Commissioners September 23, 2014.
DECEMBER 15, :00 PM TWSD RATE ADJUSTMENT HEARING.
1 BILLING ADJUSTMENTS Utilities Department Orange County Board of County Commissioners March 20, 2012.
1 Combined Utility System Cost of Service Rate Study Presentation April 6, 2010.
Five-Year Mass Transit Fund Financial Forecast April 6,
City Of Phoenix Water Rates June 30, 2011 Denise Olson Deputy Finance Director Finance Department.
Presentation to CITY OF PALM COAST, FLORIDA WATER AND WASTEWATER RATE STUDY AND BOND FEASBILITY REPORT Prepared in Conjunction with the Issuance of Utility.
Central Basin Municipal Water District Fiscal Year Budget and Rates Workshop June 7 th, 2013.
Wilderness Rim Association Water Rate and Reserve Study Board Meeting April 23, 2014 Presented By: Chris Gonzalez, Project Manager.
Independent Review of FY 2008 Proposed Rates D.C. Water and Sewer Authority Public Hearing June 13, 2007.
Elk Grove Water District Water Rate Update and Connection Fees Habib Isaac – Principal April 10, 2013.
Finance Committee Meeting Water Rate Study Update Habib Isaac – Principal Gregg Tobler – Task Manager August 13, 2012.
Long Beach Water Department Review of FY 12 Budget.
Updated Estimates of Impervious Area, Equivalent Residential Units, IA Rate, and Customer Bill Impacts AOBA October 27, 2008.
Mott Community College Board of Trustees Committee of the Whole Meeting June 27, 2011 BUDGET RESOLUTIONS.
Presentation to CITY OF PALM COAST, FLORIDA WATER AND WASTEWATER RATE STUDY AND BOND FEASIBILITY REPORT Prepared in Conjunction with the Issuance of Utility.
Presented to the Board of Selectmen, School Committee, Finance Committee Andrew Maylor Town Administrator November 10, 2008 Town of Swampscott Fiscal 2010.
Winchester Municipal Utilities 2009 Rate Plan April 9, 2009.
BURLINGTON PUBLIC WORKS FY2012 PROPOSED BUDGETS FOR WATER, WASTEWATER, TRAFFIC, AND STORMWATER PROGRAMS.
2016 Water and Wastewater Rates Committee of the Whole November 16, 2015 Presenter: Mike Mayes – Director, Financial Services/Treasurer.
Pasadena Water and Power Public Hearing Date Water Capital Improvement Charge Pasadena City Council Meeting November 16, 2015 Agenda Item #13.
Josephine County Overview of Budget Process – Part 1 Presented at Weekly Business Session April 1, 2015.
Pasadena Water and Power Public Hearing Water Capital Improvement Charge Pasadena City Council Meeting January 11, 2016 Item #12.
Western Hills Water DistrictWater Rate Update Board Meeting HF&H Consultants, LLC 0November 4, 2015 HF&H Consultants, LLC Western Hills Water District.
Presented to the City of Dover, Delaware June 6, 2006 Revenue Requirements, Cost of Service and Rate Adjustments for the Electric Utility.
Water and Wastewater Five Year Rate Schedules City Council Meeting May 13, 2008.
Presentation for a W ATER R ATE S TUDY Chris Fisher Jeff McGarvey Tony Thrasher CITY OF SOLEDAD, CALIFORNIA Presented by.
FEBRUARY 22, 2016 FY 2017 County Administrator’s Recommended Budget.
Bedford County Budget Work Session February 4, 2013.
Water System Master Plan & Rate Study City of DeKalb, Illinois City Council Presentation May 16, 2015.
1. FY Proposed Budget Jamie Justice, Town Manager & Piet Swart, Finance Director April 26, 2016 Fiscal Year Proposed Budget 2.
City of Twin Falls 2015 Fiscal Year City Manager’s Recommended Budget July 28, 2014.
Resolution 2014R-100 December 18,  Board Direction ◦ Establish a “Stabilized” cost-of-service rate of $ for FYs 2015 & 2016 that includes.
Resolution 2014R-099 December 18,  Board Direction ◦ Establish a monthly cost-of-service rate of $ for FY 2015 and utilize a General Fund.
City of Fernley, Nevada – 164 th Ave. NE, Suite 300, Redmond, WA April 18, 2007 Rate Study Findings Water and Sewer Utility Rates.
U TILITIES 2013 BUDGET OVERVIEW Electric Department – Fund 520 Water Department – Fund 525.
Global Service Provider Buildings Energy Environment Transportation Water Water and Wastewater Rate Study Village of Villa Park, Illinois Presented to.
Presentation to CITY OF PALM COAST, FLORIDA FINANCIAL FORECAST AND CAPITAL FACILITIES FEES ANALYSIS Prepared in Conjunction With the Utility System Revenue.
1 City of Cocoa Michael Burton - President Andrew Burnham - Senior Vice President Ashley Venturoni – Project Consultant Presented by: FY 2013 Water, &
City of Fernley, Nevada – 164 th Ave. NE, Suite 300, Redmond, WA April 18, 2007 Rate Study Findings Water and Sewer Utility Rates.
Presented By: Budget & Research Department FY STATUS REPORT & THREE-YEAR FINANCIAL FORECAST SUMMARY (FY )
May 31, 2016 WATER & SEWER RATE STUDY PRESENTATION 5/9/2016 City of Greenfield, California.
1 Standards and Construction Specifications Manual Orange County Utilities February 13, 2007.
Current Water Rates $26.66 per month readiness to serve fee (billed on a quarterly basis at $80.00) 5.14 per 1,000 gallons of water used The City of Flushing.
Water and Wastewater Rates
2018 Proposed Executive Budget
MOUNTAIN REGIONAL WATER
Final Rate Study Findings
City of Rialto Midyear Changes Budget-Fiscal Year 2012/2013
City of Sisters, OR 2017 Water & Sewer Rate Study
FY Proposed Budget and Rates
City of Petersburg Water and Sewer Rates April 26, 2011
Joshua Basin Water District Draft Findings & Rate Scenarios
Water and Sewer Rate Study
Town Manager’s Recommended Fiscal Year 2018 Budget and Financial Plan
WASTEWATER and SOLID WASTE Rate Study
City of Rehoboth Beach Water and Wastewater Financial and Rates Review
Kaysville City, UT Electric Rate Study Results
EXPLANATION The following slides describe the changes between the first draft of the general fund budget presented to the Board on March 28, 2017 and the.
Town of Wrentham DPW Water Department
2018 Water/Wastewater Rate Study and Financial Forecast
Water Rates Public Hearing
City of Santa Paula Water and Sewer Rate Study Results Public Workshop
Presentation transcript:

RATE ANALYSIS FY FY 2019 March 6, 2014 CARSON VALLEY WATER UTILITY FUND 326 – DEPARTMENT 864

OUTLINE Background 2012 Rate Study Projections Projected Rate Adjustments Capital Improvement Plan 2014 Rate Analysis Goals Assumptions Model Scenarios Implementation Schedule Board Direction 2

Background Monthly water rates, private fire service and connection charges were last reviewed in 2012 On June 27, 2012, the Board of County Commissioners adopted Resolution 2012R-029 establishing a 2-year rate schedule for the Carson Valley Water Utility The existing monthly existing water rate for a typical residential customer with a ¾” service using 16,000 gallons monthly is $63.25 (East valley, West Valley and Sheridan Acres) The existing monthly existing water rate for a typical residential customer with a 1” service using 16,000 gallons monthly is $87.30 (Jobs Peak) The existing monthly water rates expires on June 30,

2012 Rate Study Projections 4 The 2012 Water Rate Study included projected increases for FY 2015, FY 2016 and FY Projected Rate Adjustments FISCAL YEARRATE ADJUSTMENT FY % FY % FY % The projected rate adjustments represent an average increase of approximately 9.5% annually

Capital Improvement Plan Proposed FY 2015 through FY 2019 CIP Project FY 2015FY 2016FY 2017FY 2018FY 2019 Distribution Improvements $130,000$6,000$294,000 SCADA$150,000 Clear Creek 1 $7,200,000 Clear Creek 2 $1,100,000 2 County Investment in off-site water improvements with a $1.1M payment back to the County (Developer Contributed Capital) 5 1 Developer cost for off-site water system improvements (Developer Contributed Capital)

2014 Rate Analysis Goals Fiscal Responsibility Enterprise Fund (no external or internal subsidies) Build Reserves Rate Stability Uniform Annual Rate Adjustment Prevent Rate Spikes Long-term Predictability 6

2014 Rate Analysis Assumptions and Changes since the 2012 Rate Analysis Water consumption has increased approximately 13% ($375,000) over the last rate study’s base year forecast Purchased water costs from the Town of Minden increased approximately 24% ($54,000) over the 2014 projection with future increases Adjusted the base model to include the private fire service charges ($51,000 annually) Annual debt service decreases approximately $240,000 in FY 2018 Revised the 5 – Year CIP Removed South County Water Line Included Clear Creek Off-site Improvements (Contributed Capital) Shifted approximately $3.2 M in assets from Fund 326 to the Fund 324 (Regional Water) 7

2014 Rate Analysis Scenario 1 System Reinvestment 2014 = 40% (current), 2015 = 60%, 2016 = 70%, 2017 = 80%, 2018 = 90%, 2019 = 100% FY 2015FY 2016FY 2017FY 2018FY 2019 Rate Adjustment3.75% Monthly Bill$65.62$68.08$70.64$73.28$76.03 Combined Ending Fund Balance $2,601,083$3,100,456$3,797,014$4,484,661$6,638,741 Minimum Target$1,227,809$1,478,087$1,513,178$1,541,580$1,584,433 Debt Coverage

2014 Rate Analysis Scenario 2 System Reinvestment 2014 = 40% (current), 2015 = 50%, 2016 = 60%, 2017 = 70%, 2018 = 80%, 2019 = 90% FY 2015FY 2016FY 2017FY 2018FY 2019 Rate Adjustment3.25% Monthly Bill$65.31$67.43$69.62$71.88$74.22 Combined Ending Fund Balance $2,587,157$3,057,565$3,708,940$4,333,947$6,406,619 Minimum Target$1,277,809$1,478,087$1,513,178$1,541,580$1,584,433 Debt Coverage

2014 Rate Analysis Scenario 3 System Reinvestment 2014 = 40% (current), 2015 = 50%, 2016 = 50%, 2017 = 50%, 2018 = 60%, 2019 = 60% FY 2015FY 2016FY 2017FY 2018FY 2019 Rate Adjustment2.0% Monthly Bill$64.52$65.81$67.12$68.46$69.83 Combined Ending Fund Balance $2,552,343$2,950,946$3,491,255$3,963,565$5,839,437 Minimum Target$1,277,809$1,478,087$1,513,178$1,541,580$1,584,433 Debt Coverage

2014 Rate Analysis Scenario 4 System Reinvestment 2014 = 40% (current), 2015 = 40%, 2016 = 40%, 2017 = 40%, 2018 = 40%, 2019 = 40% FY 2015FY 2016FY 2017FY 2018FY 2019 Rate Adjustment0.75% Monthly Bill$63.72$64.20$64.68$65.17$65.66 Combined Ending Fund Balance $2,517,528$2,845,197$3,277,113$3,602,194$5,290,593 Minimum Target$1,277,809$1,478,087$1,513,178$1,541,580$1,584,433 Debt Coverage

Implementation Schedule Actions March 6, 2014:Board Presentation March 16, 2014:Advertise in Newspaper April 15, 2014:End 30 Day Noticing Period May 1, 2014:Board Adopt Rate Resolution July 1, 2014:Implement Rate Schedule 12

Board Direction Direction to staff on bringing back a resolution to the May 1, 2014 Board meeting establishing a five (5) year monthly water rate schedule based on the scenario selected by the Board. 13