Comprehensive Rate Study & Cost Allocation Analysis

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Presentation transcript:

Comprehensive Rate Study & Cost Allocation Analysis Public Workshop #2 | November 6, 2017

Rate Design Alternatives Today’s Workshop: Will focus on high-level themes ahead of presenting preliminary results Revenue Requirements Rate Design Alternatives Overhead Cost Allocation Plan

Recycled Water Cost Recovery Results of CAP Revenue Requirements: Development of preliminary financials is still on going… Updated Master Plan Recycled Water Cost Recovery Results of CAP Water Demands Replenishment of Reserves …

Rate Design Discussion: Review for potential adjustments Marina Ord Water Consumption Charge 0-8 hcf Tier 1 $2.70 per hcf $3.40 per hcf 8-16 hcf Tier 2 3.10 per hcf 5.22 per hcf 16+ hcf Tier 3 5.47 per hcf 7.03 per hcf Capital Surcharge - 20.00 per EDU Flat Rate 143.94 per unit Size 2017 Fee (Monthly) 5/8" or 3/4" $21.71 $37.55 1' 35.02 58.57 1-1/2" 57.22 93.62 2' 83.85 135.66 3' 146.03 233.85 4' 234.77 373.96 6' 456.71 724.39 8' 900.86 1,425.66 Monthly Wastewater Charge 13.44 per EDU 29.90 per EDU $5.00 Capital Surcharge Tiered vs. Uniform Rates Fixed Cost Recovery What are potential customer Impacts? What is the potential revenue (financial) risk?

30% fixed / 70% Variable (eliminated due to revenue risk) Fixed vs Variable: Revenues that more closely reflect expenditures can limit revenue risk Key Highlights: Historical BMP was 30% fixed / 70% Variable (eliminated due to revenue risk) Combination of decoupling and increase to fixed charge can limit potential cost recovery risk

Marina Water 25% Ord Water 54% Marina Sewer 7% Ord Sewer 14% Cost Allocation Plan: District costs that are not dedicated to a specific cost center are shared among the four primary cost centers The District uses the expense ratio method to allocate these shared expenses. For FY 2017- 2018, the assigned percentages are as follows: Marina Water 25% Ord Water 54% Marina Sewer 7% Ord Sewer 14%

CAP Update: Will define how support functions are allocated to the cost centers Human Resources Information Technology Finance Board Cost Centers Ord Water Ord Sewer Marina Water Marina Sewer

Schedule and Next Steps Rate Adoption July 1, 2018 Consideration of Initiating Proposition 218 Process Q1 CY 2018 Introduction of Draft Results Board Meeting (December) Preparation of Draft Results November

Q&A