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HomeMy WebLinkAboutAgenda Packet - EVWD Board of Directors - 05/15/2019SPEC IA L BO A RD MEET IN G May 15, 2019 at 5:30 PM 31111 Greenspot Road Highland, C A 92346 AGE N D A C A LL TO O RD ER PLED G E O F A LLEG IA N C E RO LL C A LL O F BO A RD MEMBERS PUBLIC C O MMEN T S Any person wishing to speak to the Board of Directors is asked to complete a Speaker Card and submit it to the D istrict C lerk prior to the start of the meeting. Each speaker is limited to three (3) minutes, unless waived by the Chairman of the Board. Under the State of C alifornia Brown Act, the Board of Directors is prohibited from discussing or taking action on any item not listed on the posted agenda. T he matter will automatically be referred to staff for an appropriate response or action and may appear on the agenda at a future meeting. 1.Review FY 2019-20 Revenue Projections REPO RT S 2.General Manager/C EO 3.Legal C ounsel Report 4.Board of Directors' C omments A D J O URN P urs uant to G overnment C o d e S ec tio n 54954.2(a), any reques t for a d is ab ility-related modific ation or ac commodation, inc luding auxiliary aid s o r s ervic es , that is s o ught in order to p artic ip ate in the above agendized public meeting should be direc ted to the District C lerk at (909) 885-4900. S P E CIAL B O AR D AG E ND A S TAF F R E P O RT Agenda Item #1. Meeting Date: May 15, 2019 Dis c ussion Item To: G o verning Board Memb ers F rom: G eneral Manager/C EO Subject: R eview F Y 2019-20 R evenue P ro jectio ns R E C O MME N D AT IO N: T his item is p res ented as info rmatio n o nly. B AC KGR O UN D / AN ALYS IS : At a wo rks hop held o n Ap ril 17, 2019, pro gram managers and s upervisors p res ented to the Bo ard o f Direc tors (Board) their p ro p o s ed program goals and objec tives for fisc al year (F Y) 2019-20. S taff is no w working to d etermine the funding need ed , whic h will b e p res ented to the Bo ard at a wo rks hop o n June 12, 2019. Before completing an o p erational s p ending p lan, staff needed to p ro ject the amo unt o f revenue and o ther funding s o urc es that will b e available to meet program commitments. T herefore, the purp o se o f this worksho p is to review revenue p ro jec tions for the upc o ming F Y b eginning with the rates that s upport them. T he Bo ard will rec all that for the 2017-18 fis cal year, s taff recommended ad o p tion of a resolution making only o ne-half o f the s c heduled phase three, tiered rate inc reas es effective on July 1, 2017, while at the s ame time, fo regoing Meter C harge increas es that were sc heduled to bec o me effective. T his actio n s aved District ratep ayers ap p ro ximately $1.36 millio n in b oth fis cal years 2017-18 and 2018-19. In planning for 2019-20, s taff is rec o mmending implementation o f the last half o f the phas e three tiered rates while again refraining from imp lementatio n of p has e three of the meter c harges. T he slight ad justment to tier rates, comb ined with slightly more aggres s ive p ro jectio ns fo r water sales, will p ro vide an additio nal $800,000 in revenue fo r bud get purp o s es which is need ed for p lant rehab ilitation p ro jec ts. T his recommend atio n will again s ave cus to mers $0.63 millio n in meter c harges. T he res ulting rates effective fo r water billing purp o s es are presented in the fo llowing tab les : F ixed mo nthly rates (as ap p licable): WAT E R F UN D R E VE N UE P R O J E C T IO N S T he District will p ro vid e water servic es thro ugh ap p ro ximately 21,320 d o mes tic and irrigation c o nnectio ns in F Y 2019-20. In ad d ition, 252 c o mmerc ial fire services and 21 temp o rary hyd rant meters are connected to the Dis tric t’s s ys tem. Water demand is es timated at 6,993,000 hund red c ubic feet of water (HC F = 748 gallons) for F Y 2019-20. T his p ro jectio n is bas ed on a s lightly more aggressive approach than has been taken in the p as t, but is still 3% below the average annual water c o ns umptio n o ver the las t three fis c al years . G iven that the pas t two years have yielded ab o ve-average rainfall, whic h s ho uld have reduced water s ales , s taff is c o nfident that the ab o ve p rojec tion will allo w s ignific ant funding for p ro gram go als and ob jectives witho ut significant ris k that p ro jectio ns are o vers tated . Annual water d emand projectio ns are b as ed on es timated usage in each c us tomer c las s and tier. Us age estimates are then multip lied by tier rates in order to c alculate projec ted sales. To tal water s ales fo r F Y 2019-20 is p ro jected to b e $15,900,000 and are allo cated as follows: Meter Charge revenue for F Y 2019-20 is p ro jec ted to b e $8,980,000. P rojec tions for this revenue are d etermined b as ed on the cus to mer c o unts d isc ussed ab o ve, s egregated b y meter size, and then multip lied by the fixed monthly rates in effec t. In pas t years , meter c harges on temporary meters were not inc luded in p ro jectio ns b ut ac counted fo r approximately $70,000 in revenue. T his year $20,000 has b een added to p ro jec tions for meter charges o n temp o rary meters . Other Charges & Other Revenue inc lude fees related to the c o llectio n of delinq uent ac c o unts, inves tment revenue, reimb urs ements from o ther agenc ies , and fac ility rental and other mis c ellaneous revenue. T he total revenue p ro jected fo r F Y 2019-20 is $1,007,000, up $103,000 from F Y 2018-19. T he inc reas e is d ue to the ris ing interes t rates paid by the Lo cal Agenc y Investment F und whic h rose b y more than 1% to 2.55% o ver the las t 12 months. WAS T E WAT E R F UN D R E VE N UE P R O J E C T IO N S T he Dis tric t p ro vides was tewater c o llectio n services to c usto mers thro ugh approximately 20,205 c onnec tions . O f these c onnectio ns , 19,125 s erve single family res id ential units, with the remaining 1,080 cons isting of vario us commerc ial and multi-family cus to mers . T he numb er o f was tewater c o nnec tions has not inc reas ed signific antly o ver the las t five years . Wastewater S ystem Charges are p ro jected at $4,648,000 fo r F Y 2019-20. T hes e revenues are the s o urc e of fund s us ed by the District to maintain and rep lac e wastewater c o llectio n lines, p ay a portio n o f the Dis tric t’s general and ad minis trative cos ts , and pay deb t s ervic e on wastewater b o nds . P ro jected res id ential revenues for F Y 2019-20 were calc ulated by multiplying the s ingle family res id ential c o unt b y the monthly flat c harge o f $15.36 for 12 mo nths to d erive estimated revenue o f $3,525,000. C o mmerc ial c us to mer p ro jec ted revenues were calc ulated by multip lying the number o f c o mmerc ial acc o unts b y the Dis trict’s mo nthly flat c harge of $3.90 for twelve months, and then es timating total water usage b y commerc ial c us tomers, in HC F, and multip lying the to tal usage by the vo lumetric rate o f $0.55. C o mmercial b illings make up $1,205,000 o f pro jected revenues. Wastewater Treatment Charges are assess ed in ac cordance with rates s et by the C ity of S an Bernard ino (C ity) which c urrently treats all wastewater generated by Dis tric t c usto mers . All Treatment C harges collected are remitted to the C ity and therefore have no effec t on Distric t operatio ns . Treatment C harges and offsetting p ayments to the C ity are estimated at $8,665,000 for F Y 2019-20. Total F inancial R esources availab le fo r F Y 2019-20 includ e the $39,200,000 in rate revenues outlined above, p lus up to $145,000,000 in S tate R evolving F und financ ing fo r the S terling Natural R esourc e C enter, which is p ending final bud get ap p ro val. At the next bud get wo rks hop on June 12, 2019, s taff will present a s p ending p lan to utilize thes e financial res o urc es , entrus ted to the Dis trict by our s takeholders , in an effec tive and fis c ally responsible manner. AG E N C Y G O ALS AN D OB J E C T IVE S : G o al and O bjec tives I I - Maintain a C ommitment to S us tainab ility, Transparenc y, and Ac c o untability a) P rac tice Trans parent and Ac countab le F is cal Management R E VIE W B Y O T HE R S : T his agenda item has been reviewed by the F inanc e and P ublic Affairs Dep artments . F IS C AL IMPAC T R ecommended b y: Jo hn Mura G eneral Manager/C EO R espec tfully sub mitted: Brian Tomp kins C hief F inancial O ffic er F IS C AL IMPAC T T here is no fis cal impac t as s o c iated with this agend a item. ATTACH M E N TS: Description Type P resentation P resentation FY 2019-20 REVENUE PROJECTIONS May 15, 2019 2018-19 REVENUE 2018-19 REVENUE •Water Sales •Projected Water Sales of 6,277,000 HCF for $15,100,000 •Actual Water Sales Were 7,209,000 HCF for $16,269,000 •Water System (Meter) Charges •$8,876,551 on Customer Connections •$124,919 on Temporary Connections •Wastewater System (Collection) Charges Projected Revenue: •$3,543,420 on 19,125 SFR Accounts •$1,104,247 on 1,080 MF/Commercial Accounts 3 2018-19 REVENUE -CONTINUED •No Rate Adjustments Were Effective During the 2018-19 Fiscal Year •Most Recent Adjustments: •July 2017 -Commodity Rate Increased -½ of Phase 3 Adopted Rate (6%) •July 2016 Water System (Meter Charge) -Phase 2 Implemented •October 2012 -Wastewater System (Collection) Charges Increased 9% •July 1, 2017 Wastewater Treatment Rate Increase -$0.70 per SFR (3%) 4 EVALUATING RESULTS –WATER REVENUE $8,887,245 $8,943,223 $9,001,470 $5,908,583 $6,258,376 $6,229,945 $5,688,633 $5,940,316 $5,954,209 $2,940,651 $4,143,686 $4,084,748 $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 FY 2016-17 FY 2017-18 FY 2018-19 Meter Charges Tier 1 Tier 2 Tier 3 $14,537,867 $23.4 Million $25.3 Million $16,342,378 $25.3 Million 5 $16,268,902 EVALUATING RESULTS –WASTEWATER REVENUE $8,129,944 $8,578,638 $8,666,031 $4,543,978 $4,650,970 $4,647,667 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 FY 2016-17 FY 2017-18 FY 2018-19 System Charge Treatment Charge $12.7 Million $13.2 Million $13.3 Million 6 REVENUE PROJECTIONS WATER RATES RATE TYPE CURRENT RATES PROPOSED RATES Tier 1 $ 1.73 $ 1.83 Tier 2 2.46 2.61 Tier 3 3.44 3.64 METER SIZE CURRENT RATES 5/8”$ 23.06 3/4”29.27 1”41.71 1 1/2”72.81 2”110.13 3”228.30 4”402.44 6”819.44 8”1,503.28 Commercial Fire Service 8.78 to 87.84 Implement Remaining Volumetric Rates Adopted March 2015 Effective January 2020 8 WATER USAGE BY MONTH 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 July Aug Sept Oct Nov Dec Jan Febr March Apr May June 2015-16 2016-17 2017-18 2018-19 2019-20 Projected Usage for FY 2019-20 6,993,000 HCF or 5,230 MG 9 FY 2019-20 PROJECTED WATER REVENUE $8,960,000 $9,001,470 $8,980,000 $15,100,000 $16,357,518 $15,900,000 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 FY 2018-19 Budget FY 2018-19 Projected FY 2019-20 Meter Water Sales $24.1 Million $24.9 Million$25.3 Million 10 11 FY 2019-20 WATER SALES RATE TYPE TIER 1 TIER 2 TIER 3 Residential $ 3,806,000 $ 3,715,000 $ 1,554,000 Multi-Family 1,624,000 963,000 763,000 Commercial 873,000 94,000 297,000 Irrigation / Construction 0 1,305,000 906,000 Residential $9,075,000 Multi-Family $3,350,000 Commercial $1,264,000 Irrigation $2,211,000 TOTAL -$15,900,000 FY 2019-20 METER CHARGES METER SIZE COUNT RATE 5/8”4,020 23.06 3/4”12,453 29.27 1”4,179 41.71 1 1/2”270 72.81 2”292 110.13 3”62 228.30 4”22 402.44 6”12 819.44 8”11 1,503.28 Commercial Fire Services 255 Various $1,113,000 $4,374,000 $2,092,000 $236,000 $1,000,000 $165,000 TOTAL -$8,980,000 5/8"3/4"1"1.5"2" and Larger Fire Svcs 12 FY 2019-20 WASTEWATER SYSTEM CHARGES CUSTOMER TYPE SERVICE CONNECTIONS ESTIMATED USAGE MONTHLY FIXED OR UNIT CHARGE TOTAL REVENUE Residential 19,125 N/A $ 15.36 $ 3,525,000 Commercial / Multi-Family Fixed 1,080 3.90 50,500 Volumetric 1,950,000 0.55 1,072,500 Commercial Total $ 1,123,000 Wastewater System Charges Total $ 4,648,000 13 FY 2019-20 WASTEWATER TREATMENT CHARGES City of San Bernardino Rates Effective 7/1/2017 •Residential: $21.55 Monthly •Multi-Family: $1.97, plus $1.53 per HCF •Non-Residential: $3.52, plus $1.33 to $3.28 per HCF FY 2018-19 FY 2019-20 Wastewater Treatment Charges $ 8,233,000 $ 8,665,000 Contract Services –Wastewater Treatment (8,233,000)(8,665,000) Net Effect on District Operations $ 0 $ 0 14 FY 2019-20 WASTEWATER TREATMENT CHARGES CUSTOMER TYPE SERVICE CONNECTIONS ESTIMATED USAGE MONTHLY FIXED OR UNIT CHARGE TOTAL REVENUE Residential 19,125 N/A $ 21.55 $ 4,945,000 Multi-Family -Fixed 468 1.97 11,000 Multi-Family -Volumetric 1,320,000 1.53 2,019,000 Commercial -Fixed 612 3.52 26,000 Commercial -Volumetric 630,000 Various 1,664,000 Commercial Total $ 3,720,000 Wastewater Treatment Charges Total $ 8,665,000 15 FY 2019-20 OTHER CHARGES & REVENUE $80,000 $115,000 $360,000 $80,000 $5,000 $31,000 $36,000 $300,000 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 Initiation of Service Fee Delinquent Fee Disconnect Notice Charge Disconnect / Reconnect Fee Returned Payment Fee Facility Rental Fee Miscellaneous Revenue Interest Revenue TOTAL PROJECTED REVENUE -$1,007,000 16 FY 2019-20 PROJECTED RATE REVENUE $7,165,655 $8,128,030 $8,697,671 $8,666,031 $8,665,000 $4,286,594 $4,703,439 $4,668,923 $4,647,667 $4,648,000 $19,990,600 $23,500,991 $26,063,647 $25,270,372 $24,880,000 $1,581,233 $1,116,089 $860,884 $834,000 $1,007,000 $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 $40,000,000 $45,000,000 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 Wastewater Treatment Charges Wastewater System Charges Water Revenue Other $33 Million $37.4 Million $40.3 Million $39.4 Million $39.2 Million 17 2019-20 OPERATING BUDGET SUMMARY WATER WASTEWATER Sales & Services $ 24,880,000 $ 13,313,000 Other Charges 471,000 200,000 Investment & Miscellaneous Revenue 284,000 52,000 Total Revenue $ 25,635,000 $ 13,565,000 Operations 17,549,000 12,420,000 Debt Service 4,066,000 312,000 Capital Expenditures 4,020,000 833,000 Total Expenditures $ 25,635,000 $ 13,565,000 18 2018-19 REVENUE •Water Sales •Projected Water Sales of 6,777,000 HCF for $15,100,000 •Actual Water Sales Were 7,209,000 HCF for $16,269,000 •Water System (Meter) Charges •$8,876,551 on Customer Connections •$124,919 on Temporary Connections •Wastewater System (Collection) Charges Projected Revenue: •$3,543,420 on 19,125 SFR Accounts •$1,104,247 on 1,080 MF/Commercial Accounts 3 EVALUATING RESULTS –WASTEWATER REVENUE $4,543,978 $4,650,970 $4,647,667 $8,129,944 $8,578,638 $8,666,031 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 FY 2016-17 FY 2017-18 FY 2018-19 System Charge Treatment Charge $12.7 Million $13.2 Million $13.3 Million 6 FY 2019-20 PROJECTED WATER REVENUE $8,960,000 $9,001,470 $8,980,000 $15,100,000 $16,268,902 $15,900,000 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 FY 2018-19 Budget FY 2018-19 Projected FY 2019-20 Meter Water Sales $24.1 Million $24.9 Million$25.3 Million 10