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HomeMy WebLinkAboutAgenda Packet - Finance & Human Resources Committee - 02/11/2025FINANCE & HUMAN RESOURCES COMMITTEE FEBRUARY 11, 2025 East Valley Water District was formed in 1954 and provides water and wastewater services to 108,000 residents within the cities of San Bernardino and Highland, and portions of San Bernardino County. EVWD operates under the direction of a 5­member elected Board. COMMITTEE MEMBERS David E. Smith Governing Board Member Ronald L. Coats Governing Board Member Finance & Human Resources Committee Meeting February 11, 2025 ­ 1:30 PM 31111 Greenspot Road, Highland, CA 92346 www.eastvalley.org PLEASE NOTE: Materials related to an item on this agenda submitted to the Board after distribution of the agenda packet are available for public inspection in the District’s office located at 31111 Greenspot Rd., Highland, during normal business hours. Also, such documents are available on the District’s website at eastvalley.org and are subject to staff’s ability to post the documents before the meeting. Pursuant to Government Code Section 54954.2(a), any request for a disability­related modification or accommodation, including auxiliary aids or services, that is sought in order to participate in the above agendized public meeting should be directed to the District Clerk at (909) 885­4900 at least 72 hours prior to said meeting. In order to comply with legal requirements for posting of agenda, only those items filed with the District Clerk by 12:00 p.m. on Wednesday prior to the following Wednesday meeting not requiring departmental investigation, will be considered by the Board of Directors. CALL TO ORDER PLEDGE OF ALLEGIANCE ROLL CALL OF BOARD MEMBERS PUBLIC COMMENTS Any person wishing to speak to the Board of Directors is asked to complete a Speaker Card and submit it to the District Clerk 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 California Brown Act, the Board of Directors is prohibited from discussing or taking action on any item not listed on the posted agenda. The matter will automatically be referred to staff for an appropriate response or action and may appear on the agenda at a future meeting. APPROVAL OF CONSENT CALENDAR All matters listed under the Consent Calendar are considered by the Board of Directors to be routine and will be enacted in one motion. There will be no discussion of these items prior to the time the board considers the motion unless members of the board, the administrative staff, or the public request specific items to be discussed and/or removed from the Consent Calendar. 1.Approve the January 14, 2025 Finance & Human Resources Committee Meeting Minutes INFORMATIONAL ITEMS 2.2025 Employment Law Updates 3.Review Unfunded Accrued Liability Pension Management Policy 7.8 4.Discuss FY 2024­25 Mid­Year Revenue Revisions REPORTS 5.Finance Activities 6.Human Resource Activities ADJOURN FINANCE & HUMAN RESOURCES COMMITTEEFEBRUARY 11, 2025East Valley Water District was formed in 1954 and provides water and wastewater services to108,000 residents within the cities of San Bernardino and Highland, and portions of SanBernardino County.EVWD operates under the direction of a 5­member elected Board.COMMITTEE MEMBERS David E. Smith Governing Board Member Ronald L. Coats Governing Board Member Finance & Human Resources Committee Meeting February 11, 2025 ­ 1:30 PM 31111 Greenspot Road, Highland, CA 92346 www.eastvalley.org PLEASE NOTE: Materials related to an item on this agenda submitted to the Board after distribution of the agenda packet are available for public inspection in the District’s office located at 31111 Greenspot Rd., Highland, during normal business hours. Also, such documents are available on the District’s website at eastvalley.org and are subject to staff’s ability to post the documents before the meeting. Pursuant to Government Code Section 54954.2(a), any request for a disability­related modification or accommodation, including auxiliary aids or services, that is sought in order to participate in the above agendized public meeting should be directed to the District Clerk at (909) 885­4900 at least 72 hours prior to said meeting. In order to comply with legal requirements for posting of agenda, only those items filed with the District Clerk by 12:00 p.m. on Wednesday prior to the following Wednesday meeting not requiring departmental investigation, will be considered by the Board of Directors. CALL TO ORDER PLEDGE OF ALLEGIANCE ROLL CALL OF BOARD MEMBERS PUBLIC COMMENTS Any person wishing to speak to the Board of Directors is asked to complete a Speaker Card and submit it to the District Clerk 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 California Brown Act, the Board of Directors is prohibited from discussing or taking action on any item not listed on the posted agenda. The matter will automatically be referred to staff for an appropriate response or action and may appear on the agenda at a future meeting. APPROVAL OF CONSENT CALENDAR All matters listed under the Consent Calendar are considered by the Board of Directors to be routine and will be enacted in one motion. There will be no discussion of these items prior to the time the board considers the motion unless members of the board, the administrative staff, or the public request specific items to be discussed and/or removed from the Consent Calendar. 1.Approve the January 14, 2025 Finance & Human Resources Committee Meeting Minutes INFORMATIONAL ITEMS 2.2025 Employment Law Updates 3.Review Unfunded Accrued Liability Pension Management Policy 7.8 4.Discuss FY 2024­25 Mid­Year Revenue Revisions REPORTS 5.Finance Activities 6.Human Resource Activities ADJOURN FINANCE & HUMAN RESOURCES COMMITTEEFEBRUARY 11, 2025East Valley Water District was formed in 1954 and provides water and wastewater services to108,000 residents within the cities of San Bernardino and Highland, and portions of SanBernardino County.EVWD operates under the direction of a 5­member elected Board.COMMITTEE MEMBERSDavid E. SmithGoverning Board Member Ronald L. CoatsGoverning Board MemberFinance & Human Resources Committee MeetingFebruary 11, 2025 ­ 1:30 PM31111 Greenspot Road, Highland, CA 92346www.eastvalley.orgPLEASE NOTE:Materials related to an item on this agenda submitted to the Board after distribution of theagenda packet are available for public inspection in the District’s office located at 31111Greenspot Rd., Highland, during normal business hours. Also, such documents are availableon the District’s website at eastvalley.org and are subject to staff’s ability to post thedocuments before the meeting.Pursuant to Government Code Section 54954.2(a), any request for a disability­relatedmodification or accommodation, including auxiliary aids or services, that is sought in orderto participate in the above agendized public meeting should be directed to the District Clerkat (909) 885­4900 at least 72 hours prior to said meeting. In order to comply with legal requirements for posting of agenda, only those items filed with the District Clerk by 12:00 p.m. on Wednesday prior to the following Wednesday meeting not requiring departmental investigation, will be considered by the Board of Directors. CALL TO ORDER PLEDGE OF ALLEGIANCE ROLL CALL OF BOARD MEMBERS PUBLIC COMMENTS Any person wishing to speak to the Board of Directors is asked to complete a Speaker Card and submit it to the District Clerk 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 California Brown Act, the Board of Directors is prohibited from discussing or taking action on any item not listed on the posted agenda. The matter will automatically be referred to staff for an appropriate response or action and may appear on the agenda at a future meeting. APPROVAL OF CONSENT CALENDAR All matters listed under the Consent Calendar are considered by the Board of Directors to be routine and will be enacted in one motion. There will be no discussion of these items prior to the time the board considers the motion unless members of the board, the administrative staff, or the public request specific items to be discussed and/or removed from the Consent Calendar. 1.Approve the January 14, 2025 Finance & Human Resources Committee Meeting Minutes INFORMATIONAL ITEMS 2.2025 Employment Law Updates 3.Review Unfunded Accrued Liability Pension Management Policy 7.8 4.Discuss FY 2024­25 Mid­Year Revenue Revisions REPORTS 5.Finance Activities 6.Human Resource Activities ADJOURN Agenda Item #1 February 11, 20251 Meeting Date: February 11, 2025 Agenda Item #1 Consent Item Regular Meeting TO: Committee Members FROM: Chief Financial Officer SUBJECT: Approve the January 14, 2025 Finance & Human Resources Committee Meeting Minutes RECOMMENDATION That the Finance & Human Resources Committee approve the January 14, 2025 meeting minutes. DISTRICT PILLARS AND STRATEGIES V - Community Engagement, Advocacy, and Leadership a. Utilize Effective Communication Methods to Foster Exceptional Community Relations FISCAL IMPACT There is no fiscal impact associated with this agenda item. Respectfully submitted: ________________ Brian Tompkins Chief Financial Officer ATTACHMENTS January 14, 2025 Minutes Page 1 of 2 2 0 6 5 Draft pending approval EAST VALLEY WATER DISTRICT January 14, 2025 FINANCE & HUMAN RESOURCES COMMITTEE MEETING MINUTES PUBLIC COMMENTS APPROVAL OF CONSENT CALENDAR Page 2 of 2 2 0 6 5 REVIEW UNFUNDED ACCRUED LIABILITY MANAGEMENT POLICY 7.8 The Chief Financial Officer provided a detailed discussion on the Unfunded Accrued Liability Management Policy 7.8. He reviewed information presented by the consultant at the previous committee meeting regarding the District’s pension plan and strategies to address unfunded accrued liabilities. The Committee reviewed the proposed policy and discussed minor revisions. They would like to present the policy for final review before submitting it to the Governing Board for approval. Information only, no action required. The Committee agreed to continue holding the meetings monthly on the second Tuesday of the month at 1:30 p.m. The Chief Financial Officer reported on Finance Activities. He provided updates on the upcoming fiscal year budget process. He also reported that the first payment to the State for the State Revolving Fund loan was made in late December in the amount of $7,144,000. The General Manager/CEO provided information on compliance with new labor laws passed in 2024, recruitment updates, and Pathway Program updates. The meeting adjourned at 2:15 p.m. Ronald L. Coats David E. Smith Governing Board Member Governing Board Member Agenda Item #2 February 11, 20251 Meeting Date: February 11, 2025 Agenda Item #2 Informational Item Regular Meeting TO: Committee Members FROM: General Manager/CEO SUBJECT: 2025 Employment Law Updates RECOMMENDATION This agenda item is for informational purposes only, no action is required. BACKGROUND / ANALYSIS The California Legislature has enacted several new laws that will impact the workplace in 2025. Some of these laws are specific only to private or public agencies, while many affect both. This report will highlight four new laws that impact East Valley Water District and its employees. 1. SB 3 – Minimum Wage Increase Effective Jan. 1, 2025, the California state minimum wage will increase to $16.50 per hour for all employers. While the District’s full-time staff members are paid well above the minimum wage, this will have an impact on the District’s student interns and potential part-time employees. Staff will consider this minimum wage increase when planning for this year’s high school summer internship. 2. AB 2499 – Leaves, Accommodations, and Sick Leave for Victims Effective January 1, 2025, Assembly Bill 2499 will expand the definition of victim for purposes of certain employee leaves and accommodations and permit the use of paid sick leave for time away from work taken to seek relief or serve as a witness by an employee who is a victim, or in certain instances, by an employee with a family member who is a victim. Victim will be defined as an individual against whom a qualifying act of violence is committed. A qualifying act of violence can occur regardless of whether anyone is arrested for, prosecuted for, or convicted of committing any crime. All employers with 25 or more employees are required to provide a leave of absence to an employee who is a victim, or if the employee’s family member is a Agenda Item #2 February 11, 20252 Meeting Date: February 11, 2025 Agenda Item #2 Informational Item victim, to seek various forms of relief, treatment, or services. Employers must allow employees the option of using paid sick leave or other compensatory time to cover the time taken away from work under these leaves of absence. Employers must maintain the confidentiality of employees exercising their rights under AB 2499. Employers must also notify employees of their rights in writing under these laws, upon hire, annually, at any time upon request, and whenever an employee informs an employer that the employee or the employee’s family member is a victim. The California Civil Rights Department is required to provide a model notice of these rights for employer use by July 1, 2025. 3. SB 1100 – Employers Cannot Require Driver’s Licenses Unless it is Necessary to Perform the Job Effective January 1, 2025, before including a statement in a job advertisement, posting, application or other hiring materials that an applicant must have a driver’s license, employers must satisfy both of the following conditions: The employer reasonably expects driving to be one of the job functions for the position; and The employer reasonably believes that satisfying the job function using an alternative form of transportation (Taxi, Uber) would not be comparable in travel time or cost to the employer. In California, driver’s licenses have increasingly become a condition of employment, especially in the public sector. The purpose of this law is to prevent discrimination against individuals without driver’s licenses by eliminating this requirement as a condition of employment unless the conditions above are met. Staff has already begun to review the job functions of positions the District will be recruiting for to ensure all conditions are met before requiring a driver’s license. Staff will also work toward updating District job descriptions to remove the driver’s license requirement on identified positions. 4. AB 2561 – Public Agencies Must Present the Status of Job Vacancies and Recruitment and Retention Efforts Once per Fiscal Year at a Public Hearing AB 2561 declares that job vacancies in local government are a widespread and significant problem for the public sector, and that job vacancies may undermine labor relations between public agencies and their employees. Agenda Item #2 February 11, 20253 Meeting Date: February 11, 2025 Agenda Item #2 Informational Item Effective January 1, 2025, AB 2561 requires that, on an annual basis, public agencies assess and address vacancy rates in order to help avoid the negative effects of understaffing on the delivery of public services as well as on public employees. Public agencies must now do the following: Track job vacancies at the agency; Present information on the status of the vacancies (such as information on the number of posted job openings, candidates interviewed, eligibility lists created, conditional offers made, etc.) and the agency’s recruitment and retention efforts. An agency must present this information at a public hearing before the agency’s governing body at least once per fiscal year. The public hearing must occur prior to the governing body adopting the agency’s budget; and Identify, during the public hearing, any policies, procedures, and recruitment activities that may present obstacles in the agency’s hiring process and potential changes that may alleviate such obstacles. In addition, agencies with employee organizations or associations must allow the organization/association the opportunity to make a presentation at the public hearing, and ample notice must be given to allow them time to prepare. Agencies with a vacancy rate of 20% or greater have additional obligations under AB 2561. East Valley Water District has a very low vacancy rate and will not have to comply with the additional obligations. The District is a member of the Liebert Cassidy Whitmore (LCW) Employment Law Firm’s Employment Relations Consortium, and as such, has access to LCW’s recommended templates to assist with vacancy tracking and proper noticing. Staff has downloaded these templates and will utilize them in preparation for the future public hearing, which will be held prior to the adoption of the 2025/26 Fiscal Year budget. DISTRICT PILLARS AND STRATEGIES III - Organizational Resiliency Agenda Item #2 February 11, 20254 Meeting Date: February 11, 2025 Agenda Item #2 Informational Item b. Promote a Positive Organizational Culture FISCAL IMPACT There is no fiscal impact associated with this agenda item. Respectfully submitted: ________________ Kerrie Bryan Director of Administrative Services ATTACHMENTS No Attachments Agenda Item #3 February 11, 20251 Meeting Date: February 11, 2025 Agenda Item #3 Informational Item 1 3 3 7 Regular Meeting TO: Committee Members FROM: Chief Financial Officer SUBJECT: Review Unfunded Accrued Liability Pension Management Policy 7.8 RECOMMENDATION That the Finance & Human Resources Committee recommend that the Board of Directors approve the attached Unfunded Accrued Liability Pension Management Policy 7.8. BACKGROUND / ANALYSIS At the December 10, 2024 Finance and Human Resources Committee (Committee) meeting, Andrew Flynn with California Municipal Advisors (CalMuni) presented a Pension Liability Management Overview for the District’s pension plans with CalPERS. In conjunction with his presentation, an Unfunded Accrued Liability Management Policy was included in the Committee agenda packets. The Unfunded Accrued Liability Management Policy was agendized again for the Committee meeting on January 14, 2025, at which the Chief Financial Officer (CFO) went through the policy discussing the various tools and methods for working toward an established pension plan funding level (85%). The CFO stated that he would have the proposed Policy reviewed by legal counsel and brought back to the Committee one more time before taking it to the Board at the end of February. Legal counsel has reviewed the proposed Policy and has made some minor revisions that will help ensure Board approval is obtained before additional discretionary payments, above annual contributions required by CalPERS, are made. The primary revision affirming the Board’s authority is under Guidance on page 5 of the Policy. Staff has also developed a short presentation regarding the District’s funding level with PERS and included it, along with the Policy, in the Committee packet. DISTRICT PILLARS AND STRATEGIES II - Sustainability, Transparency, and Accountability a. Uphold Transparent and Accountable Fiscal and Resource Management Agenda Item #3 February 11, 20252 Meeting Date: February 11, 2025 Agenda Item #3 Informational Item 1 3 3 7 FISCAL IMPACT There is no impact to the current budget. The aspirational targets of the Policy may affect future budget recommendations to be presented to the Board of Directors. Respectfully submitted: Brian Tompkins Chief Financial Officer Presentation-Pension Liability Management Unfunded Accrued Liability Management Policy 7.8 February 11, 2025 PENSION LIABILITY MANAGEMENT Brian Tompkins, Chief Financial Officer 2 •District contracted with CalPERS in August 1972 for 2.0% @55 •Plan reached 100% funded in June 1996, and was super funded by June 1998 •January 2002, CalPERS offered additional benefit formulas •Staff negotiated for 2.7% @55 •January 2013, PEPRA mandated second tier formula for new employees •2.0% @62 •Prior to January 2013 – Classic •Post January 2013 – PEPRA THE DISTRICT AND CalPERS 3 DECLINE OF CLASSIC FORMULA FUNDED STATUS •Ratio of Pension Assets to Pension Accrued Liabilities •Funded ratio rules of thumb •Under funded – 80% •Significantly under funded – below 60% •District plan has been between 70%-75% eleven out of the past 13 years •Unfunded Accrued Liability (UAL) is expensive debt at 6.8% interest 4 STRATEGIES EMPLOYED SINCE NOVEMBER 2018 •Prepay full years required contribution toward the UAL •Soft Fresh Start over 15-Year Amortization •$1,165,981 Annually •$1.4M in Additional Discretionary Payments over last six years •Required Contributions Surpassed in 2024-25 5 REQUIRED VS PAID CONTRIBUTIONS:10 YEARS $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 Fiscal Year Required Contribution Contribution 6 HISTORICAL FUNDED STATUS 80.4% 96.5% 57.2% 74.4% 70.7% 78.8% 71.2% 73.3% 72.2% 83.3% 72.2% 0% 20% 40% 60% 80% 100% 120% 140% Pe r c e n t F u n d e d Valuation Date - June 30, Change in Formula to 2.7 @55 Economic Downturn 7 •Establishes long-term targets for funding levels •Provides direction / prioritization for use of surplus funds •IRS Section 115 Trust •Funds restricted for payment of pension benefits •Not netted against liability •Try to out-perform CalPERS •PARS or CalPERS PENSION LIABILITY MANAGEMENT PLAN 8 SCHEDULED UAL PAYMENTS:19 YEARS $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 Fiscal Year 9 •Annual Payment - $2,159,903 •Total Payments - $21,599,033 •Interest Portion - $5,775,498 •Interest Savings - $3,869,210 OPTIONAL UAL PAYMENTS:10 YEAR LEVEL PAY $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 Fiscal Year 10 SCHEDULED PAYMENTS:15 YEAR LEVEL PAY $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 Fiscal Year Contributions •Annual Payment - $1,659,903 •Total Payments - $17,489,718 •Interest Portion - $6,504,655 •Interest Savings - $3,586,870 11 •Establish long-term target for funding ratio of 85% •Direction / prioritization for use of Surplus Funds •Prepay annual UAL payment by July 31 •Contribute to UAL from reserves, one-time revenues, or fund surpluses •Consider tax-exempt financing to fund capital projects •Utilize savings from debt refinancing to pay down UAL •Rate / fee setting should consider pay down of UAL •Pension obligation financing shall be considered for paying down UAL POLICY OBJECTIVES 12 •Annual Review Actuarial Valuation Report •Establish §115 Trust Pension Reserve to manage final 15% funding •Transparency and reporting •Make Actuarial Valuation available to Board and website •Annual budget considerations •Periodic policy review POLICY OBJECTIVES 13 •Adopt Unfunded Accrued Liability Management Policy 7.8 RECOMMENDATION QUESTIONS? Agenda Item #4 February 11, 20251 Meeting Date: February 11, 2025 Agenda Item #4 Informational Item 2 0 8 1 Regular Meeting TO: Committee Members FROM: Chief Financial Officer SUBJECT: Discuss FY 2024-25 Mid-Year Revenue Revisions RECOMMENDATION This agenda item is for informational purposes only, no action is required. BACKGROUND / ANALYSIS Each year staff provides a mid-year budget update to the Board, usually including recommendations for revisions to the adopted annual budget so that revenues and expenses remain closely aligned through the end of the fiscal year. This budget review accounts for actual versus budgeted revenues and expenses between July 1, 2024 through December 31, 2024. The first six months of the 2024-25 fiscal year had budget variations in both revenue and expenses – this staff report is focused on revenues during that period. Water revenues were higher than projections for the first time in three years, primarily due to the lack of rain in our region, and staff is able to propose an associated increase in projected sales revenue. Wastewater Collection System revenues are fixed and rarely vary between projections and actuals. Water Reclamation is a new business unit for the District and receives revenues from three sources; rates, food waste deliveries, and Local Resource Incentive Program (LRIP). Revenues missed projections primarily due to lower than projected food waste deliveries during the first half of the year. Rates and LRIP income are tracking slightly higher than projected year to date. Considering the increase in revenue from the Water Fund and decrease in revenue from the Reclamation Fund, the mid-year budget review will propose a net increase to projected revenue of $212,000. The above impacts are an agency-wide summary but are discussed in more detail and how they affect each of the District’s three enterprise funds below. Water Fund Potable water sales were $944,977 over projection through December, ending the first half of the fiscal year with sales of $11,690,977. Sales were over projection in four of Agenda Item #4 February 11, 20252 Meeting Date: February 11, 2025 Agenda Item #4 Informational Item 2 0 8 1 the six months. Sales in September and December were below projection, with December missing by less than $10,000. Lower than normal precipitation in Southern California during the first half of the fiscal year resulted in customers having to irrigate longer into the year as evidenced by higher sales in November when irrigation systems are usually turned off. In addition, Construction water sales, which are not budgeted, were significant during the reporting period with approximately $433,000 in sales. Looking ahead, staff noted that January sales will also beat projection, therefore, staff is proposing an increase in budgeted water sales available for appropriation of $900,000. Agenda Item #4 February 11, 20253 Meeting Date: February 11, 2025 Agenda Item #4 Informational Item 2 0 8 1 amount by more than $200,000, so staff is proposing to appropriate half that amount and increase projected revenue for the year to $12,333,000. Agenda Item #4 February 11, 20254 Meeting Date: February 11, 2025 Agenda Item #4 Informational Item 2 0 8 1 The following table summarizes staff’s proposed adjustment to revenue projections/budgets and mid-year: ADOPTED BUDGET PROPOSED REVISIONS REVISED BUDGET Water Fund Water Sales $ 17,920,000 $ 900,000 $ 18,820,000 Meter Charges 10,525,000 160,000 10,685,000 Other 1,051,000 - 1,051,000 Water Total 29,496,000$1,060,000$ 30,556,000$ Wastewater Fund System Charges 6,515,000 -6,515,000 Other 215,000 -215,000 Wastewater Total 6,730,000$ -$ 6,730,000$ Reclamation Fund LRIP 1,072,000 100,000 1,172,000 Treatment Charges 12,233,000 100,000 12,333,000 Tipping Fees 2,048,000 (1,048,000)1,000,000 Other 350,000 -350,000 Transfer To (From) Reserves --- Reclamation Total 15,703,000$(848,000)$ 14,855,000$ Net 51,929,000$212,000$ 52,141,000$ DISTRICT PILLARS AND STRATEGIES FISCAL IMPACT ________________ Agenda Item #4 February 11, 20255 Meeting Date: February 11, 2025 Agenda Item #4 Informational Item 2 0 8 1 ATTACHMENTS Presentation-FY 2024-25 Mid-Year Revenues February 12, 2024 MID-YEAR REVIEW REVENUES FY 2024-25 Brian Tompkins, Chief Financial Officer 2 WATER FUND SUMMARY REVENUE BUDGET YTD ACTUAL PROJECTED VARIANCE Water Sales 17,920,000$ 11,690,976$ 18,820,000$ 900,000$ Meter Charges 10,525,000 5,189,278 10,685,000 160,000 Other Charges / Revenue 1,051,000 2,648,231 1,051,000 - TOTAL REVENUE 29,496,000$ 19,528,486$ 30,556,000$ 1,060,000$ 3 WATER REVENUES $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 $4.5 Mi l l i o n s Other Revenue Meter Charges Water Sales FY 2024-25 Projection (Budget) 4 WATER SALES BY TIER $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 Mi l l i o n s Tier 1 Tier 2 Tier 3 FY 2024-25 Projection (Budget) 5 WASTEWATER FUND SUMMARY REVENUE BUDGET YTD ACTUAL PROJECTED VARIANCE Collection System Charges 6,515,000$ 3,356,362$ 6,515,000$ -$ Other Charges / Revenue 215,000 797,664 215,000 - TOTAL REVENUE 6,730,000$ 4,154,026$ 6,730,000$ -$ 6 WASTEWATER REVENUES $0.0 $0.2 $0.4 $0.6 $0.8 $1.0 $1.2 Mi l l i o n s Collection System Charges Other Revenue FY 2024-25 Projection (Budget) 7 RECLAMATION FUND SUMMARY REVENUE BUDGET YTD ACTUAL PROJECTED VARIANCE Sales 1,072,000$ 612,079$ 1,172,000$ 100,000$ Treatment Charges 12,233,000 6,409,952 12,333,000 100,000 Other Operating Revenue 2,058,000 959,336 1,010,000 (1,048,000) Non-Operating Revenue 340,000 48,344 340,000 - TOTAL REVENUE 15,703,000$ 8,029,711$ 14,855,000$ (848,000)$ 8 RECLAMATION REVENUES $0.0 $0.2 $0.4 $0.6 $0.8 $1.0 $1.2 $1.4 $1.6 $1.8 $2.0 Mi l l i o n s Other Operating Revenue Treatment Charges Sales (LRIP)FY 2024-25 Projection (Budget) QUESTIONS?