2016 Water and Wastewater Rates Committee of the Whole November 16, 2015 Presenter: Mike Mayes – Director, Financial Services/Treasurer.

Slides:

Advertisements

Similar presentations

Paying A Fair Rate. Notice Regarding New WATER & SEWER RATES  Council Meetings (Open Session) June 18, 2007 – Special Meeting June 18, 2007 – Special.

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.

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.

Special Committee of the Whole Preliminary Draft 2009 Operating, Capital and Reserve Budget FOR DISCUSSION Monday, December 15, 2008.

Municipal & Financial Services Group Village of Downers Grove Water Rate Study Rate Study Overview and Recommendations September 21, 2010 Presented by:

1 Amador Water Agency System-Wide Cost of Service and Wastewater Rate Study October 9, 2014 The Reed Group, Inc.

1 Combined Utility System Cost of Service Rate Study Presentation April 6, 2010.

2012 Operating Budget Electric Division Water Division Wastewater Division.

City Of Phoenix Water Rates June 30, 2011 Denise Olson Deputy Finance Director Finance Department.

Introduction of the City Manager’s Proposed Fiscal Year 2012 Budget January 3, 2011 Sanford Miller, City Manager Robert Rusten, Assistant City Manager.

2016 Budget Process - Revised Special Committee of the Whole (Budget) June 22, 2015 Presenters: Mike Mayes – Director, Financial Services/Treasurer Amber.

2014 Budget Department Presentations Infrastructure Funding Options.

Presentation to CITY OF PALM COAST, FLORIDA WATER AND WASTEWATER RATE STUDY AND BOND FEASBILITY REPORT Prepared in Conjunction with the Issuance of Utility.

Providing world-class services for our customers and our environment March 2014 Stormwater Costs of Service and Rates.

Page: Water and Wastewater Rate Study and Financial Forecast Council Presentation City of Cottonwood July 2009.

Independent Review of FY 2008 Proposed Rates D.C. Water and Sewer Authority Public Hearing June 13, 2007.

1 Why Budgeting Matters NC Local Government Budget Conference Wilmington, NC July 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.

APPA’s Financial Planning for Municipals Mark Beauchamp, CPA, CMA, MBA September 27, 2005 Business & Finance Workshop.

Cost of Service Based Water and Wastewater Rates City of Lawrence, Kansas February 11, 2004 J. Rowe McKinley Keith D. Barber.

2015 Financial Plan. PROCESS Staff began work on this budget in September 4 meetings including today are scheduled – Jan 26, 28 and Feb 2 and further.

City of South Burlington Steering Committee FY12 Budget Review Sandy Miller, City Manager Bob Rusten, Assistant City Manager January 25, 2011.

Presentation to CITY OF PALM COAST, FLORIDA WATER AND WASTEWATER RATE STUDY AND BOND FEASIBILITY REPORT Prepared in Conjunction with the Issuance of Utility.

Elk Grove WD Board Meeting Water Rates Habib Isaac – Principal Gregg Tobler – Task Manager September 10, 2012.

Metropolitan Council Environmental Services A Clean Water Agency Presented to the Environment Committee February 9, 2010 Reserve Capacity/SAC Task Force.

Winchester Municipal Utilities 2009 Rate Plan April 9, 2009.

Pasadena Water and Power Public Hearing Date Water Capital Improvement Charge Pasadena City Council Meeting November 16, 2015 Agenda Item #13.

Proposed MMWD Rate Restructure MCOE District Business Officials November 4, 2015.

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

1. FY Proposed Budget Jamie Justice, Town Manager & Piet Swart, Finance Director April 26, 2016 Fiscal Year Proposed Budget 2.

Christopher M. Quinn, MACC, CPA, CFE, CGFO, CGMA Finance Director Tuesday, May 3 rd, 2016.

True-Up Service Fee Adjustment with OMI/Thames January 10, 2006.

Town of Lochbuie Water 2015 Water Rate Options Presented to the Town of Lochbuie Board of Trustees Raftelis Financial Consultants, Inc. December 16, 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.

Water and Wastewater Rates Public Hearing July 15, 2015 The Reed Group, Inc. 1.

1 City of Cocoa Michael Burton - President Andrew Burnham - Sr. Vice President Eric Grau - Project Consultant Presented by: Water, Sewer & Reclaimed Water.

Presentation to CITY OF PALM COAST, FLORIDA FINANCIAL FORECAST AND CAPITAL FACILITIES FEES ANALYSIS Prepared in Conjunction With the Utility System Revenue.

City of Fernley, Nevada – 164 th Ave. NE, Suite 300, Redmond, WA April 18, 2007 Rate Study Findings Water and Sewer Utility Rates.

City of Port Moody Draft Financial Plan Tuesday, February 26 th, 2013.

Recommendations for the 2017 Budget Process April 18, 2016 Presenters: Mike Mayes – Director, Financial Services/Treasurer Wanda Bennett – Director, Corporate.

Review of 2016–2021 Strategic Budget Plan Development Process and 2016 Budget Assumptions Financial Administration and Audit Committee April 14,

May 31, 2016 WATER & SEWER RATE STUDY PRESENTATION 5/9/2016 City of Greenfield, California.

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.

Proposed Draft Financial Plan April 10, 2017

Portugal Cove - St. Philip’s

Overview Rationale Funding Phased Plan Leak Control Program Other Aspects Next Steps.

City of Petersburg Water and Wastewater Rates

2016 Draft Budget Special Committee of the Whole January 11, 2016

Biennial Budget for Fiscal Years and

Water & Wastewater Capacity Charge Work Shop

Christopher M. Quinn, MACC, CPA, CFE, CGFO, CGMA

City of Sisters, OR 2017 Water & Sewer Rate Study

FY Proposed Budget and Rates

CAPITAL AND RATE SUPPORTED OPERATING BUDGETS

Springfield Utility Board Proposed 5.0%

Township of Horton Public Meeting – December 12, :30 p.m.

City of Lebanon, Missouri Electric Department

Special Committee of the Whole (Budget) December 10, 2018

Preliminary Draft 2019 Operating and Capital Budgets

Draft 2019 Operating Budgets

Town of Wrentham DPW Water Department

2018 Water/Wastewater Rate Study and Financial Forecast

Water Rate Modification – Public Hearing

Presentation transcript:

2016 Water and Wastewater Rates Committee of the Whole November 16, 2015 Presenter: Mike Mayes – Director, Financial Services/Treasurer

Today’s Objectives 1.Approve 2016 water rates 2.Approve remaining 2016 fees and charges 3.Receive update to 6-year water and wastewater financial plan 2

Utility Budget Drivers Regional charges for water and wastewater will be increasing 9% per year Conservation results in lower consumption Providing for sustainable asset replacement – an annual increase of 8.5% Building rate stabilization reserves General cost increases required to maintain health and safety 3

Regional Charges Wholesale rate increases approved by Regional Council Water2.5%11.7%8.8%12.2%4.8%4.6% Wastewater13.9%7.2%9.2%6.7%12.1%1.6% Combined9.0% 2.9%

Consumption Trends 5 YEAR Consumption in cubic meters per person per year Projected population87,51988,42189,33190,25191,18192,100 Billable consumption in cubic meters (000’s) without new meters 6,6076,4576,3116,1686,0295,892 Billable consumption in cubic meters (000's) with new meters 6,6076,5366,4656,3946,2506,110 Billable consumption Growth Rate with new meters -2.3%-1.1% -2.3%

Sustainability Measures 6 Based on analysis completed for the Capital Financing Sustainability Strategy. It is proposed to increase annual contributions by 8.5% to reach long term financial sustainability.

Combined 2016 Utility Budget 2015 Budget 2015 Projection 2016 Budget Revenue$32,792,152$31,750,000$32,843,700 Expenses: Regional charges$18,234,184$17,300,000$18,320,000 Asset Replacement Fund contributions 5,611,065 6,099,460 Operating costs6,986,3887,581,3626,862,679 Debt servicing1,257,573 1,178,000 $32,089,210$31,750,000$32,460,139 Rate Stabilization Fund contribution $702,942$0$383,561 7

Source: York Region 2015 Water and Wastewater Financial Sustainability Plan Financial Sustainability

Rate Re-structuring 9 Comparing Newmarket Bills to the York Region Average and Median CONSUMPTION200m 3 10,000m 3 30,000m 3 100,000m 3 Meter Size5/8"2"3"4" Newmarket$ 914$ 29,256$ 87,096$ 289,536 Average$ 760$ 34,313$ 103,208$ 343,379 Median$ 666$ 31,475$ 94,425$ 314,750 The recommended rate re-structuring would shift some of the burden from low water users (mostly residential) to high water users (commercial and industrial).

Rate Re-structuring 10 Recommended monthly fixed rate phase-in program DATE January July January Base Fixed Rate$28 $ " Fixed Rate$28$112$ " Fixed Rate$28$210$ " Fixed Rate$28$350$768.75

Recommended Rate Increase 11

Next Steps For November 23 CoW on the budget: Further deliberation if required For November 30 Council: Approval of water, planning, fire, general and building Date and format to be determined Further discussion and possible workshop on the updates for the 6-year Water and Wastewater Financial Plans 12

Thank You