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HomeMy WebLinkAboutItem 7a. Consideration of the 2023-25 Water Rates Item 7a Department: Utilities Cost Center: 6001 For Agenda of: 6/6/2023 Placement: Public Hearing Estimated Time: 20 minutes FROM: Aaron Floyd, Utilities Director Prepared By: Shane Whittington, Utilities Business Manager SUBJECT: CONSIDERATION OF THE 2023-25 WATER RATES RECOMMENDATION 1. Receive and file the Comprehensive Water Rate Study, April 2023; and 2. Adopt a Draft Resolution entitled “A Resolution of the City Council of the City of San Luis Obispo, California, establishing the Water Service Rates for Financial Plan 2023- 25” provided there is no majority protest against the proposed water rates; and 3. Find the action statutorily exempt from the California Environmental Quality Act (CEQA) under Public Resources Code 21083 and 21080(b)(8) and State CEQA Guidelines Section 15273 (Rates, Tolls, Fares, and Charges). REPORT-IN-BRIEF The City is proposing a water rate increase consistent with the process requirements of Proposition 218, the City’s Charter and Municipal Code, and City Financial Plan fiscal policies. The goal of the rate-setting process is to provide funding to the City’s Water Fund for operation, maintenance, and capital project needs commensurate with the costs to provide adequate services. The water rates are proposed to increase revenues by 8.5 percent in 2023-24 and 7.5 percent in 2024-25. If approved, the proposed water rates would become effective on July 1 of each fiscal year. This report provides the constitutional, regulatory, and policy basis for the proposed water rates, identifies the rate setting methodology and protest procedures, summarizes the public outreach conducted to ensure our customers are provided information re garding the process and opportunities to engage with Staff and submit comments, questions, and written protests, and identifies the proposed rates for Council’s consideration. POLICY CONTEXT The City’s Water Fund is an Enterprise Fund. Enterprise Funds utilize rates and fees paid for services rendered to fund operating, capital, and debt service expenditures. Water rates pay for all costs associated with bringing water from surface water reservoirs to the City’s water treatment plant and distributing 1.9 billion gallons of drinking water to approximately 16,561 service connections. General funds (such as property tax or sales tax) do not support these essential services. Page 297 of 954 Item 7a Rates must be developed in compliance with California Constitution Article XIII C and D, commonly referred to as Proposition 218 (Prop 218). When proposing increased rates, some Prop 218 requirements include: 1. Hold a noticed public hearing on proposed utility rate increases, to be held not less than 45 days after notice of the hearing is mailed to each recorded owner of each identified parcel upon which the proposed rates will be imposed. 2. The cost of the service shall not exceed the proportional cost of services provided to the corresponding customer parcel. 3. Revenues derived from the fees must be used for the service that is provided. 4. Rates shall not be increased if a majority of affected parcels protest the proposed increased rates in writing. In addition to Prop 218 requirements, the City aims for rates that promote the stability and predictability of water services. No changes to the current rate structure are recommended or proposed, and the proposed rates are consistent with rate structure prioritized goals previously established by the City Council (Water and Wastewater Rate Structure Review, August 15, 2017 and January 9, 2018). These prioritized goals include: revenue stability and predictability; discourage wasteful use; stability and predictability of the rates; fair allocation of total cost of service among customer classes; and reflect all present and future costs. The proposed rates are consistent with policies identified under Financial Plan Enterprise Fund Fees and Rates, which states that: “City will set fees and rates at levels which fully cover the total direct and indirect costs including operations, capital overlay, and debt service” and consistent with this policy the rate setting process has been conducted in “accordance with Proposition 218 and its notification requirements.” In addition, the fiscal evaluation includes identification of community needs for essential services (provision of drinking water and treatment of wastewater) and integration of climate risk, climate action, and Diversity, Equity, and Inclusion (DEI) considerations throughout all financial decisions including identification and implementation of resilient capital projects that equitably provide water and sewer service to the community,1 consistent with Financial Plan Objectives. 1 Financial Plan Purpose and Organization, Financial Plan Objectives and Long -term Financial Planning, C. Consideration of Climate Risk and Climate Action and D. Consideration of Diversity, Equity, and Inclusion (DEI). Page 298 of 954 Item 7a DISCUSSION Rate Setting Methodology The goal of the rate-setting process is to provide sustainable funding to the City’s Water Fund for operation, maintenance, and capital project needs. Rates must be developed that are stable, equitable, and cost- based in compliance with California Constitution Article XIII C and D, commonly referred to as Proposition 218 (Prop. 218). In October 2022, the City hired HDR Engineering, Inc. (HDR) to assist with this process and prepare the Comprehensive Water Rate Study (Attachment A). For the Comprehensive Water Rate Study, HDR utilized industry-standard methods consistent with the M1 Manual, Principles of Water Rates, Fees, and Charges published by the American Water Works Association (AWWA). The Comprehensive Water Rate Study provides the necessary documentation and an administrative record of the cost basis for the City’s proposed water rates in compliance with Prop. 218 Section 6, which regulates property-related fees and charges to which water is bound [California Supreme Court in Bighorn-Desert View Water Agency v. Verjil (2006)]. In accordance with the provisions of Prop. 218, water rates are designed based on a cost-of-service methodology that fairly apportions costs to all customers. The methodology used for wate r rate setting includes a revenue requirement analysis, a cost-of-service analysis, and rate design analysis, as outlined in the graphic below, consistent with Financial Plan Enterprise Fund Fees and Rates policies for ongoing rate review and cost of service fee assessment.2 2 Financial Plan Fiscal Policies Section 3 Enterprise Funds Fees and Rates. C. Ongoing Rate Review. The City will review and adjust enterprise fees and rate structures as required to ensure that they remain appropriate and equitable. D. Cost of Service Fees. The City will treat the water and sewer funds in the same manner as if they were privately owned and operated. This means assessing reasonable cost of service fees in fully recovering service costs. Revenue Requirements to Operate WaterSystems Proposition 218 City Policy/ Rate Structure Cost of Services/ Proportionality Rates Page 299 of 954 Item 7a This rate setting methodology is consistent with rate structure goals established by Council, the City Charter, and the City Municipal Code, including: 1. The requirement of Council resolution to establish rates for service (Section 13.04.090) 2. Restriction of rate revenues for funding operations, construction, and debt service related to wastewater services (Section 13.08.410 and City Charter Section 806) Proposed Water Rates Based on the results of the Comprehensive Water Rate Study, the City’s proposed water rates for 2023-25 are provided in Table 1, below. The Resolution for adoption of the water rates is provided in Attachment B. Table 1: 2023-25 Proposed Water Rates Usage (per unit cost) Proposed Rates Effective July 1, 2023 Proposed Rates Effective July 1, 2024 Single Family Residential Tier 1: 0 to 5 units $7.94 $8.54 Single Family Residential Tier 2: 6 to 12 units $9.16 $9.84 Single Family Residential Tier 3: 13+ units $15.79 $16.97 Multi-Family $8.91 $9.58 Non-Residential $9.43 $10.14 Landscape Irrigation $9.63 $10.35 Page 300 of 954 Item 7a Table 1: 2023-25 Proposed Water Rates (continued) Base Fees Proposed Rates Effective July 1, 2023 Proposed Rates Effective July 1, 2024 Single Family Residential Monthly Base Fee $28.15 $30.25 Multi-Family, Non-Residential, and Landscape Irrigation by Water Meter Size 0.75-inch or less meter $28.15 $30.25 1-inch meter $47.00 $50.50 1.5-inch meter $93.75 $100.80 2-inch meter $150.05 $161.30 3-inch meter $281.50 $302.60 4-inch meter $469.25 $504.45 6-inch meter $938.25 $1,008.60 8-inch meter $1,501.25 $1,613.85 Water System Access Charge $100.93 $108.50 Protest Procedures The City sent out 27,175 notices (see Attachment C, Water and Sewer Rate Notice) in April 2023 in compliance with Prop. 218. Under Prop. 218, property owners and/or customers directly responsible for the payment of the fee subject to the proposed rate increase may submit a written protest against the proposed rate increases. The protest must be submitted on the form provided by the City, received by the City Clerk at or before the June 6, 2023 public hearing, identify what is being protested, and contain the service address. The party signing the protest must be listed on the account as the person responsible for payment of the water bill or the property owner. In the event that a protest is submitted by the owner and by the tenant responsible for payment of the water bill, then one valid protest is counted for the account. If written protests are filed by a majority (50% + 1), the proposed water rate structure and rates may not be imposed. A majority of the City’s 16,561 water customers is 8,280 plus one. As of May 25, 2023 at 12:00 PM, a total of 1,181 written protests were received by the Office of the City Clerk. All protests will be validated regarding property ownership and duplicate addresses. The City Clerk will provide an updated summary of the protests received at the conclusion of the public hearing on June 6, 2023. Previous Council or Advisory Body Action The City Council received the Strategic Budget Direction from Staff on April 18, 2023, highlighting the proposed rate increases and a presentation from Staff on the proposed Water Rates and Sewer rates during the City Council meeting on May 16, 2023. Page 301 of 954 Item 7a Public Engagement The City is committed to helping the public understand the recommended water rates. Information is provided on the City Utilities Department’s website, and online calculators were made available at the Utilities Department’s website to assist customers’ understanding of the proposed rate structure and rate changes. The Water and Sewer Rate Notice was mailed to all property owners and customers; a copy of the notice is provided as Attachment C. Staff has responded to questions by phone and email on how c ustomers’ bills would be affected. A Water and Sewer Rate Community Forum was held on May 18, 2023 at the San Luis Obispo Library, where Staff provided a presentation and responded to questions raised by the two attendees from the community. Information was provided to the public via radio ads, digital advertisements were posted on social media and on the City’s web page, and printed information was shared at the Utilities Department booth at the Thursday night Farmers Market to get the word out to the public regarding the Forum, public hearing, and opportunities for protest. In addition, Miguel Barcenas, Utilities Deputy Director, Engineering and Planning, participated in interviews and provided information in Spanish regarding the proposed rates on two local Spanish radio stations, KLMM (94.1) and KIDI (105.1). The two interviews were conducted in Spanish and the first aired on Friday May 25, 2023. Significant outreach on Customer Assistance Programs has also occurred in both English and Spanish. Outreach efforts will continue until the City Council’s final consideration of the rates on June 6, 2023. CONCURRENCE The City Attorney has approved as to form, and the City Finance Department and City Clerk concur with the proposed water rate increase and associated adherence to Prop. 218 required procedures. ENVIRONMENTAL REVIEW Modification of rates and charges by public agencies is statutorily exempt from the California Environmental Quality Act (CEQA) under Public Resources Code 21083 and 21080(b)(8) and State CEQA Guidelines Section 15273 (Rates, Tolls, Fares, and Charges) because the change in rates and charges is for the purpose of: a) Meeting operating expenses; b) Purchasing or leasing supplies, equipment, or materials; c) Meeting financial reserve needs and requirements; d) Obtaining funds for capital projects necessary to maintain se rvice within existing service areas; and e) Obtaining funds necessary to maintain such intra -city transfers as authorized by City Charter. The change in fees is not intended to fund expansion of capital projects not otherwise evaluated under CEQA. Therefore, no environmental review is required for this item. Page 302 of 954 Item 7a FISCAL IMPACT In order to meet the rate revenue requirement of the Water Fund detailed in the Comprehensive Water Rate Study, the proposed water rates are projected to generate a total of $24.8 million dollars during FY 2023-24. This is an increase in total rate revenues of 8.5 percent over the FY 2022-23. The Water Fund’s projected total revenue requirement for 2023-24 is $28.1 million when other revenue is included. This is further summarized in Table 2. Table 2: 2023-25 Rate Revenues and Revenue Requirements Comprehensive Water Rate Study (in thousands) FY2023-24 Forecast FY2024-25 Forecast Rate Revenues Without Proposed Rate Increase $22,861 $23,044 Rate Revenues With Proposed Rate Increase $24,804 $26,878 Total Revenue Requirement Includes Non-rate Revenues1 $28,100 $29,558 1Non-rate revenues included in Total Revenue Requirements consist of all other revenues obtained by the Utilities Department. These revenues can include investments, capacity interest payments from Cal Poly, and miscellaneous penalties assessed by the Utilities Department. The proposed rate increases would be implemented on July 1 , of the corresponding fiscal year. ALTERNATIVES 1. Deny the Recommended Water Rates. The proposed water rates were prepared in alignment with City Council rate structure goals established in January 2018 and Financial Plan objectives and policies. The proposed water rates were identified through the preparation of the Comprehensive Water Rate Study to meet the needs of the City’s Water Fund in providing water service for the community. The proposed water rates were also prepared in compliance with Prop. 218. Staff believes that the services, operating programs, and Capital Improvement Plan components of the Water Fund represented by the recommended rates are necessary, consistent with Financial Plan objectives and policies, prior policy/program direction of the City Council (Water and Wastewater Rate Structure Review, August 15, 2017 and January 9, 2018), the City Charter and Municipal Code, and required for compliance with state and federal laws. If the City Council does not approve the recommended rates, the City would not have enough funding to implement the proposed Capital Improvement Plan and would not be able to construct essential capital projects, and the City’s bond rating may decrease, which may hinder the City’s ability to obtain low-interest loans for capital projects. Therefore, this alternative is not recommended. Page 303 of 954 Item 7a 2. Reduce the Recommended Rates. Council could reduce recommended rates and the impact because so much of the system costs are fixed would be to reduce the level of capital which would likely impact the system with potential failures and could impact Water Fund rating due to less than market expectations in terms of infrastructure replacement. ATTACHMENTS A - Comprehensive Water Rate Study (HDR; April 2023) B - Draft Resolution establishing the Water Service Rates for Financial Plan 2023-25 C - Water and Sewer Rate Notice Page 304 of 954 Draft Report City of San Luis Obispo Comprehensive Water Rate Study April 2023 Page 305 of 954 hdrinc.com April 21, 2023 Mr. Aaron Floyd Director of Utilities City of San Luis Obispo 879 Morro Street San Luis Obispo, CA 93401-2710 Subject: Water Rate Study Draft Report Dear Mr. Floyd: HDR Engineering, Inc. (HDR) is pleased to present to the City of San Luis Obispo (City) the draft report for the City’s water rate study (Study). The City’s water rate study was developed using industry standard methodologies and approaches for water utilities. The technical analyses conducted as part of the Study for the City includes a revenue requirement, cost of service, and rate design analysis. The findings and conclusions from these analyses were used to develop proposed water rates that are proportional to the City’s customers and intended to be sufficient to fund the operating and capital needs of the water utility. This report outlines the overall approach used to achieve these objectives, along with our findings, conclusions, and recommendations. The City owns and operates a water supply, treatment, transmission, and distribution system. The costs associated with providing water service to the City’s customers has been developed based on the information provided by the City and incorporated into and within the development of the proposed water rates. The water rate study provides the basis for developing and implementing water rates which are cost-based, proportional, and defensible for the City’s customers. We appreciate the assistance provided by the City’s management team in the development of this water rate study. More importantly, HDR appreciates the opportunity to provide these technical and professional services to the City. Sincerely yours, HDR Engineering, Inc. Shawn Koorn Associate Vice President Page 306 of 954 Table of Contents i City of San Luis Obispo – Water Rate Study Executive Summary Introduction ....................................................................................................................... 1 Overview of the Rate Study Process .................................................................................. 1 Key Water Rate Study Results ............................................................................................ 2 Summary of the Water Revenue Requirement Analysis ................................................... 2 Summary of the Water Cost of Service Analysis ................................................................ 5 Summary of the Water Rate Designs ................................................................................. 6 Water Rate Study Recommendations................................................................................ 9 Summary of the Water Rate Study .................................................................................... 9 1 Introduction and Overview 1.1 Goals and Objectives ............................................................................................. 10 1.2 Overview of the Rate Study Process ..................................................................... 11 1.3 Organization of the Study...................................................................................... 11 1.4 Summary ................................................................................................................ 11 2 Overview of the Water Rate Setting Principles 2.1 Generally Accepted Rate Setting Principles .......................................................... 12 2.2 Determining the Revenue Requirement ............................................................... 12 2.3 Analyzing Cost of Service ....................................................................................... 13 2.4 Designing Water Rates .......................................................................................... 14 2.5 Economic Theory and Rate Setting ....................................................................... 14 2.6 Summary ................................................................................................................ 14 3 Development of the Revenue Requirement Analysis 3.1 Determining the Revenue Requirement .............................................................. 15 3.2 Establishing a Time Frame and Approach ............................................................ 15 3.3 Projecting Rate and Other Miscellaneous Revenues ........................................... 16 3.4 Projecting Operation and Maintenance Expenses .............................................. 16 3.5 Projecting Capital Funding Needs ........................................................................ 17 3.6 Projection of Debt Service ................................................................................... 19 3.7 Reserve Funding ................................................................................................... 19 3.8 Summary of the Revenue Requirement .............................................................. 19 3.9 Reserve Levels ...................................................................................................... 21 3.10 Debt Service Coverage Ratios .............................................................................. 21 3.11 Consultant’s Conclusions ..................................................................................... 22 Table of Contents Page 307 of 954 Table of Contents ii City of San Luis Obispo – Water Rate Study 4 Development of the Cost of Service Analysis 4.1 Objectives of a Cost of Service Study .................................................................... 23 4.2 Determining the Customer Classes of Service ...................................................... 23 4.3 General Cost of Service Procedures ...................................................................... 24 4.4 Development of Distribution Factors .................................................................... 25 4.5 Functionalization and Allocation of Plant in Service ............................................. 27 4.6 Functionalization and Allocation of Operating Expenses ..................................... 29 4.7 Major Assumptions of the Cost of Service Study .................................................. 29 4.8 Development of Cost-Based Water Rates ............................................................. 29 4.9 Development of the Unit Costs for Rate Designs .................................................. 32 4.10 Summary Results of the Cost of Service Analysis .................................................. 37 4.11 Consult’s Conclusions and Recommendations...................................................... 37 4.12 Summary of the Cost of Service Analysis .............................................................. 38 5 Development of the Rate Designs 5.1 Rate Design Criteria and Considerations ............................................................... 38 5.2 Overview of the Proposed Rate Structures ........................................................... 39 5.3 Summary of the Present and Proposed Water Rates ........................................... 40 5.4 Water Rate Study Recommendations ................................................................... 43 5.5 Summary of the Water Rate Study ....................................................................... 43 6 Water Technical Appendix Page 308 of 954 Executive Summary 1 City of San Luis Obispo – Water Rate Study Introduction HDR was retained by the City of San Luis Obispo (City) to conduct a water rate study (Study). The objective of the Study was to review the City’s water utility operating and capital costs in order to develop proposed water rates which are set in a proportional manner for the City’s water customers. The Study determined the adequacy of the existing water rates and provides the framework for cost-based and proportional proposed water rates. The City owns and operates a water treatment, transmission, and distribution system. The costs associated with providing water supply, plus the costs of distributing water to customers served by the system has been developed based on City provided information and included within the development of the proposed water rates. Overview of the Rate Study Process A comprehensive water rate study uses three interrelated analyses to address the adequacy and proportionality of a utility’s rates. These three analyses are a revenue requirement analysis, a cost of service analysis, and a rate design analysis. These three analyses are illustrated below in Figure ES - 1. Figure ES – 1 Overview of the Water Rate Analyses The above framework for reviewing and evaluating the City’s water rates was utilized in the development of the comprehensive water rate study. Revenue Requirement Analysis Cost of Service Analysis Rate Design Analysis Compares the revenues to the expenses of the utility to determine the overall level of rate adjustment required. Distributes the revenue requirement to the customer classes of service in a proportional manner. Considers both the revenue requirement and cost of service results to develop the proposed water rates. Executive Summary Page 309 of 954 Executive Summary 2 City of San Luis Obispo – Water Rate Study Key Water Rate Study Results The technical analysis for the City’s water rate study was developed based on the operating and capital infrastructure costs necessary to provide water service to the City’s customers. The City’s comprehensive water rate study resulted in the following key findings, conclusions, and recommendations:  The City’s FY 2022-23 budget was used as the starting point of the analysis  A revenue requirement analysis was developed for the projected period of FY 2023-24 through FY 2032-33  The rate setting period for the Study was FY 2023-24 and FY 2024-25  Operation and maintenance expenses are projected to increase at inflationary levels  Additional staffing was included in FY 2023-24 to support water operations  Projected customer consumption levels have been developed based on recent customer consumption characteristics  The proposed annual water rate (revenue) adjustments are 7.5% in FY 2023-24 and 7.5% in FY 2024-25  A cost of service analysis was developed to proportionally distribute the revenue requirement between the City’s customer classes of service (i.e., rate schedules)  The results of the cost of service analysis provided average unit costs (i.e., cost-based rates) which were used to establish the final proposed water rates  The Study has proposed proportional and cost-based water rates by customer class of service (rate schedules) Summary of the Water Revenue Requirement Analysis A revenue requirement analysis is the first analytical step in the development of the water rate study. This analysis determines the overall adequacy of the City’s current water rate revenues. From this analysis, a determination can be made as to the overall level of water rate revenue adjustments needed to provide adequate and prudent funding for both operating and capital infrastructure needs. For the City’s Study, the revenue requirement was developed for FY 2022-23 to FY 2032-33. For purposes of establishing proposed water rates, and the Proposition 218 process, the rate setting period was identified as FY 2023-24 and FY 2024-25. Reviewing a multi-year time frame is recommended to better anticipate future financial requirements and allow the City to begin planning for these impacts sooner, thereby minimizing short-term rate impacts and overall long- term rates. The revenue requirement analysis was developed on a “cash basis” methodology (i.e., approach). The cash basis approach is the most commonly used methodology by municipal utilities to set their revenue requirement and it includes the cost components of annual O&M expenses, annual debt service payments, capital projects funded from rates (rate funded capital), and reserve funding. The primary financial inputs in the development of the City’s water revenue requirement analysis were the City’s FY 2022-23 budget, billed customer and consumption data, and the current water capital improvement plan. The O&M budget was then projected using assumed escalation (inflationary) factors from the City’s fund analysis. In addition to the O&M Page 310 of 954 Executive Summary 3 City of San Luis Obispo – Water Rate Study budget, changes and additions to budgetary levels were made to reflect known changes that will occur in the future. Specifically, new (additional) staff is assumed in FY 2023-24 at an initial annual cost of $137,000. Once the operating and maintenance (O&M) expenses have been projected, the next step is to develop the capital improvement funding plan. The proper and adequate funding of capital projects is important to maintain the City’s existing water infrastructure and service levels. At the same time, it is important to create a funding plan which maximizes the amount of funds available while attempting to minimize rates impacts over time by using an appropriate blend of long-term borrowing and rate funding. A general financial guideline states that, at a minimum, a utility should fund from user rates an amount equal to or greater than the utility’s annual depreciation expense. However, this level of funding is typically not sufficient to reflect replacement costs or fund all planned capital projects, but rather, is intended to provide a consistent annual funding source for the City’s existing infrastructure. Using annual depreciation expense as a financial guideline, the City’s annual water utility depreciation expense was approximately $2.9 million in FY 2022-23. Within the City’s proposed capital funding plan, the City is projected to annually fund through rates $2.8 million in FY 2022-23 increasing to $8.7 million by FY 2032-33 and averages $5.7 million per year over the period. It is assumed that, in addition to the rate funded capital improvements, the City will also need to utilize other funding sources (i.e., long-term debt, reserves), in order to fully fund the water utility’s planned capital projects over this time period. Provided below in Table ES - 1 is a summary of the capital improvement funding plan over the review period (FY 2022-23 through FY 2027-28). Table ES – 1 Summary of the Capital Improvement Plan ($000) FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Total Capital Improvements $15,006 $7,182 $5,643 $13,090 $6,560 $6,922 Less: Outside Funding $12,176 $4,262 $2,418 $8,610 $1,410 $782 Rate Funded Capital $2,830 $2,920 $3,225 $4,480 $5,150 $6,140 As can be seen, the difference between annual capital improvement needs and rate funded capital is being funded through other funding sources. The City’s capital plan reflects the capital projects needed to maintain the existing system, repair or replace deteriorating infrastructure, and projects related to growth or redundancy. A more detailed discussion of the development of the capital improvement funding plan is provided in Section 3. The detailed capital improvement plan can be found on Exhibit 4 of the Technical Appendix. The revenue requirement analysis for the City’s water system was developed to determine the rate projections based on the specific costs of the City’s water utility. Provided below, in Table ES – 2, is a summary of the revenue requirement analysis developed for the water utility. A more detailed analysis of the revenue requirements can be found in Section 3 of this report as well as in the Technical Appendix in Exhibit 3. Page 311 of 954 Executive Summary 4 City of San Luis Obispo – Water Rate Study Table ES - 2 Summary of the Revenue Requirement Analysis ($000) FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Revenues Rate Revenues $22,680 $22,861 $23,044 $23,229 $23,414 $23,602 Misc. Revenues 3,798 3,295 2,680 2,781 2,983 3,093 Total Revenues $26,478 $26,156 $25,724 $26,009 $26,397 $26,695 Expenses O & M $21,319 $23,684 $24,854 $25,956 $26,671 $27,426 Net Debt Service 2,043 1,470 1,469 1,466 1,838 1,837 Rate Funded Capital 2,830 2,920 3,225 4,480 5,150 6,140 Reserve Funding 287 26 10 4 3 7 Total Expenses $26,478 $28,100 $29,558 $31,906 $33,662 $35,410 Bal./(Def.) of Funds $0 ($1,943) ($3,834) ($5,897) ($7,265) ($8,715) Bal. as a % of Rate Rev. 0.0% 8.5% 16.6% 25.4% 31.0% 36.9% Proposed Rate Adj. 0.0% 8.5% 7.5% 7.5% 4.5% 4.5% Add’l Rev. from Rate Adj. $0 $1,943 $3,834 $5,897 $7,265 $8,715 Total Bal./(Def.) of Funds $0 $0 $0 $0 $0 $0 * Table may not foot due to rounding As can be seen, the revenue requirement analysis has summed O&M, net debt service (debt service less funding through development impact fees), rate funded capital, and reserve funding. The total revenue requirement (i.e., expenses) are then compared to the total revenues of the City’s water utility. Total revenues are comprised of rate revenues (at present rate levels), and other miscellaneous revenues. From this comparison, a balance (+) or deficiency (-) of funds can be determined in each year. This balance or deficiency of funds is then compared to the rate revenues to determine the percentage level of rate revenue adjustment necessary to meet the revenue requirement as developed in each year of the projected time period. It is important to note, the “Bal. / (Def.) of Funds” row is cumulative. Any adjustments in the initial years will reduce the deficiency in the later years. Over the period, and assuming no rate adjustments in the prior years, the total deficiency of rates by FY 2027-28 is 36.9%. To meet the overall revenue needs of the water utility, annual rate adjustments have been proposed (see blue band). Based on the revenue requirement analysis developed, HDR has concluded that the City will need to adjust the level of water rate revenues as noted above to fund their projected operating and capital infrastructure needs and maintain cost-based water rates. HDR has reached this conclusion and recommendations:  The revenue requirement analysis indicates an overall deficiency in rate revenues of 36.9% by FY 2027-28  Propose adjusting rates by 8.5% in FY 2023-24 and 7.5% in FY 2024-25 through the rate setting process outlined in Prop 218 Page 312 of 954 Executive Summary 5 City of San Luis Obispo – Water Rate Study  Given the projected revenue deficiencies, rate adjustments are necessary to fully fund the City’s projected operating costs and fund the proposed capital improvement plan  The proposed rate revenue adjustments maintain the City’s financial health and integrity by providing consistent, long-term, and sustainable funding levels  Prior to the implementation of the second adjustment (FY 2024-25), the City should complete a comprehensive review of the water rates In reaching this conclusion, HDR would recommend that the City adopt the proposed rate revenue adjustments in FY 2023-24 and FY 2024-25 to provide sufficient funding for the projected operating and capital needs of the water utility. A detailed discussion of the development of the revenue requirement analysis can be found in Section 3 of this report. Technical exhibits of the revenue requirement analysis have been included within the Technical Appendix in Exhibits 1 - 5. Summary of the Water Cost of Service Analysis A cost of service analysis determines the proportional distribution of the revenue requirement to the City’s water customer classes of service. The objective of the cost of service analysis is different from determining the revenue requirement analysis. A revenue requirement analysis determines the utility’s overall financial needs whereas the cost of service analysis determines the proportional manner to collect the revenue requirement from each customer class of service. The cost of service analysis developed as a part of the Study utilized generally accepted cost of service principles and industry standard methodologies as defined by the American Water Works Association (AWWA) to meet the requirements of Proposition 218. In summary form, the cost of service analysis began by functionalizing the City’s revenue requirement. The functionalized revenue requirement was then allocated to the appropriate cost components (e.g., commodity-related, capacity-related, customer-related, fire protection- related). The individual allocation totals were then proportionally distributed to the water customer classes of service (e.g., rate schedules) based on distribution factors. The distributed expenses for each customer class were then aggregated to determine each customer class’s overall revenue responsibility. Table ES - 3 provides the summary of the cost of service analysis for the FY 2023-24 test year. Table ES - 3 Summary of the Cost of Service Analysis ($000) Class of Service Present Revenues Distributed Costs $ Difference % Difference Residential $11,042 $12,602 ($1,560) 14.1% Multi-Family 3,879 4,399 ($521) 13.4% Non-Residential 5,450 5,702 ($252) 4.6% Irrigation 2,491 2,102 $389 -15.6% Total $22,861 $24,805 ($1,943) 8.5% Page 313 of 954 Executive Summary 6 City of San Luis Obispo – Water Rate Study The cost of service analysis distributes a proportional share of the revenue requirement to each customer class of service based on their respective usage characteristics (e.g., average day use, peak day use, customer) on the water system and the facilities required to provide service. The results of the analysis indicate that cost differences exist between the customer classes of service. It is important to understand that a cost of service analysis is based on a review of a specific point in time and that costs and customer usage characteristics changes over time, thus impacting the results. The City’s cost of service analysis and resulting proposed water rates have been developed to meet the legal requirements of California constitution article XIII D, section 6 (Article XIII D), also known as Proposition 218. A major component of Article XIII D is the development of rates which reflect the cost of providing service and the proportional distribution of the costs between the customer classes of service. A key outcome of the cost of service analysis are the cost-based average unit costs (e.g., $/customer/month or $/hundred cubic feet [CCF]). Average unit costs from the cost of service analysis provide the cost-basis for the development of the City’s proposed water rates based on the cost of service results. Provided below in Table ES - 4 is a summary of the average unit costs derived in the cost of service analysis that were used to develop the City’s proposed water rate designs by customer class (e.g., rate schedule). Table ES – 4 Summary of the Average Unit Costs Residential Multi-Family Non-Residential Irrigation Fixed - $ / mtr / mo $28.15 $28.15 $28.15 $28.15 Variable - $/CCF Tier 1 $7.94 -- -- -- Tier 2 9.16 -- -- -- Tier 3 15.79 -- -- -- All Use -- $8.91 $9.43 $9.63 Section 4 of this report provides a detailed discussion of the cost of service analysis conducted for the City’s water utility and the development of the average unit costs shown in Table ES – 4. The Technical Appendix to this report contains additional details associated with the cost of service analysis calculation and can be found on Exhibits 6 - 17. Summary of the Water Rate Design The final step of the comprehensive water rate study process is the design of the City’s proposed water rates to collect the required level of revenue, based on the results of the revenue requirement and cost of service analyses. The revenue requirement analysis provided a set of recommendations related to the level of annual rate revenue adjustments, or the level of total rate revenues necessary to provide sufficient funding. The cost of service analysis provided the Page 314 of 954 Executive Summary 7 City of San Luis Obispo – Water Rate Study basis for how those costs should be proportionally collected from each of the customer classes of service (e.g., rate schedules). As discussed above, the City’s proposed water rates have been developed with the intent of meeting the legal requirements of California constitution article XIII D, section 6 (Article XIII D). While Article XIII D requires the development of cost-based rates, it does not prescribe a specific approach or methodology to assure meeting this legal requirement. At the same time, HDR would point out that there is no single methodology for equitably assigning costs to the various customer groups. Consequently, HDR has developed this report, along with the City’s proposed water rates, based on the principles and methodologies contained in the AWWA M1 manual, while tailoring the methodology to the City’s specific and unique system and customer characteristics, and requirements of Article XIII D (Proposition 218). HDR is of the opinion this approach meets the requirements of Article XIII D to provide an administrative record of the steps taken to establish the City’s water rates. HDR reaches this conclusion based upon the following:  The revenue derived from water rates does not exceed the funds required to provide the property related service (i.e., water service). The proposed water rates are designed to collect the overall revenue requirement of the City’s water utility.  The revenues derived from water rates shall not be used for any purpose other than that for which the fee or charge is imposed. The revenues derived from the City’s water rates are used exclusively to operate and maintain the City’s water system.  The amount of a fee or charge imposed upon a parcel or person as an incident of property ownership shall not exceed the proportional costs of the service attributable to the parcel. Section 4 of the Study, the cost of service analysis, focuses exclusively on the issue of the proportional assignment of costs to each customer class of service. The proposed rates have appropriately grouped customers into customer classes of service (single family, multi-family, non-residential, irrigation) that reflect the varying consumption patterns and system requirements of each customer class of service. The grouping of customers and rates into these classes of service creates the proportionality required under Article XIII D by having differing rates by customer classes of service which reflect both the level of revenue to be collected by the utility, but also the manner in which these costs are incurred and proportionally distributed to the customer classes of service based upon their proportional impacts and burdens on City’s the water system and water resources. Given the requirements to develop water rates based on cost of service principles, the average unit costs in Table ES – 4 were used to design the proposed water rates for the City’s customer classes of service. The City currently has four customer classes of service: Residential, Multi-Family, Non- Residential, and Irrigation. The present residential rate structure includes a fixed monthly meter charge and a three-tier increasing block consumption charge. The first tier is usage from 0 to 5 CCF 1 per month, the second tier is usage from 5 to 12 CCF, and All consumption over the second 1 A hundred cubic feet of water, or a CCF of water, is equal to 748 gallons of water Page 315 of 954 Executive Summary 8 City of San Luis Obispo – Water Rate Study tier (i.e., > 12 CCF) is charged at a higher rate which reflects the increased costs associated with providing the additional capacity needed during peak use periods. As part of the Study, the tier sizes (e.g., amount of consumption in each tier) and residential consumption characteristics were reviewed and incorporated into the cost of service analysis. Section 5 of this report provides a more detailed discussion of the consumption analysis. Currently, multi-family, non-residential, and irrigation customer groups utilize the same rate structure with a fixed meter charge by meter size, which is the same for all classes, and a uniform consumption charge that is unique rate for each customer class. The proposed rates for all customer classes are based on the results of the average unit costs shown in Table ES – 4 for FY 2023-24. Given the cost of service adjustments proposed in FY 2023-24, the proposed rates for FY 2024-25 were adjusted “across the board” based on the overall revenue adjustment as outlined in the revenue requirement analysis. Provided below in Table ES - 5 is a summary of the present and proposed water rates for the two-year rate setting period. Table ES - 5 Summary of the Present and Proposed Water Rates Present Rate FY 2023-24 FY 2024-25 Fixed Charge $/Meter/Mo 3/4" & Less (Residential) $24.12 $28.15 $30.25 1" 40.28 47.00 50.50 1 1/2" 80.38 93.75 100.80 2" 128.61 150.05 161.30 3" 241.31 281.50 302.60 4" 402.24 469.25 504.45 6" 804.30 938.25 1,008.60 8" 1,286.92 1,501.25 1,613.85 Consumption Charge $ / CCF Residential 0 – 5 CCF $6.90 $7.94 $8.54 5 – 12 CCF 8.04 9.16 9.84 12 CCF + 14.74 15.79 16.97 Multi-Family $7.88 $8.91 $9.58 Non-Residential $9.57 $9.43 $10.14 Irrigation $11.73 $9.63 $10.35 As can be seen, the proposed water rates contain minor changes to the rate levels for each customer class. In addition, each customer class has a specific rate based on the results of the cost of service analysis. As noted, the cost of service average unit costs is the basis for both the fixed monthly meter charges and consumption charges. In this way, the proposed rates reflect Page 316 of 954 Executive Summary 9 City of San Luis Obispo – Water Rate Study the results of the revenue requirement analysis (overall system revenue needs) and cost of service analysis (proportional distribution / average unit costs). Section 5 of this report provides a detailed discussion of the current and proposed water rates along with a component by component summary of the proposed water rates for FY 2023-24 and FY 2024-25. Water Rate Study Recommendations Based on the results of the water rate study, HDR recommends the following:  Rate revenue adjustments are necessary to prudently fund operating expenses and necessary capital investment in renewal and replacement of the existing system  Water rate revenues should be adjusted 8.5% in FY 2023-24 and 7.5% in FY 2024-25  The City’s proposed water rates reflect the results of the cost of service analysis. The average unit costs derived from the cost of service analysis, and the basis for the City’s proposed water rates, reflect the proportional distribution of costs to the customer classes of service  Prior to the implementation of the proposed set of rate adjustments the City should complete an update to the water rate study Summary of the Water Rate Study This completes the summary discussion of the development of the comprehensive rate study conducted for the City’s water utility. The focus of the Study has been the prudent and adequate funding of the annual water utility operation and maintenance expenses and capital funding needs. Furthermore, to meet the requirements of Proposition 218, the proposed water rates were developed based on the proportional distribution of costs through the cost of service analysis. A full and complete discussion of the development of the City’s comprehensive water rate study can be found in following sections of this report. Page 317 of 954 Introduction & Overview 10 City of San Luis Obispo – Water Rate Study 1 Introduction & Overview HDR Engineering, Inc. (HDR) was retained by the City of San Luis Obispo (City) to conduct a comprehensive water rate study. The objective of a comprehensive water rate study is to develop proportional and cost-based water rates which are compliant with the requirements of Proposition 218. This is accomplished by first reviewing and analyzing the City’s water operating and capital costs and developing a projection of the overall revenue requirement of the water utility. Next, the City’s revenue requirement is proportionally distributed to the City’s customer classes of service (e.g., residential, multi-family, non-residential, irrigation). The findings and conclusions from the cost of service analysis are then used to develop the City’s proposed water rates which are reflective of how the City incurs costs to provide the water service to each class of service. The result of the comprehensive water rate study process is proportional water rates reflective of the water utility specific costs (i.e., cost-based rates). The City owns and operates a water supply, treatment, transmission, and distribution system. The determination of the total costs associated with providing water supply, treatment, transmission, and distribution of water to the City’s customers has been developed based on the City’s accounting, operating, and customer billing records along with other City specific information. 1.1 Goals and Objectives The City had several key objectives in developing the water rate study. These key goals and objectives provide a framework for the technical analysis and policy decisions that are a part of this study. The City’s key goals and objectives for this study were as follows:  Develop the study in a manner consistent with the principles and methodologies established by the American Water Works Association (AWWA), M1 Manual, Principles of Water Rates, Fees, and Charges to meet the requirement of Proposition 218  In financial planning and establishing the City’s proposed rates, review and utilize best industry practices, while recognizing and acknowledging the specific and unique characteristics of the City’s system and customers  Utilizing generally accepted rate making methodologies review the City’s costs to determine the adequacy and equity of the water utility’s rates  Meet the City’s financial planning criteria as it relates to legally required debt service coverage (DSC) ratios, adequate funding of capital infrastructure, and maintenance of adequate and prudent reserve levels  Develop a final proposed rate transition plan which adequately supports the utility’s funding requirements, while attempting to minimize overall impacts to rates  Provide proposed water rates designed to meet the intent and legal requirements of California Constitution article XIII D, section 6 (commonly referred to as Proposition 218) Page 318 of 954 Introduction & Overview 11 City of San Luis Obispo – Water Rate Study 1.2 Overview of the Rate Study Process The City’s water rates must be set at a level where the operating and capital expenses are met with the revenues received from customers. This is an important point, as failure to achieve this objective may lead to insufficient funds to maintain system integrity. To evaluate the adequacy of a utility’s existing rates, a comprehensive water rate study is often performed. A comprehensive water rate study consists of three interrelated analyses. Figure 1 - 1 below provides an overview of these analyses. Figure 1 – 1 Overview of the Comprehensive Water Rate Analyses The above framework was utilized for reviewing and evaluating the City’s water rates. 1.3 Organization of the Study This report is organized in a sequential manner that first provides an overview of utility rate setting principles, followed by sections that detail the specific technical and analytical steps used to develop the City’s proposed water rates. The following sections comprise the City’s water rate study report:  Section 2 – Overview of Water Rate Setting Principles  Section 3 – Revenue Requirement Analysis  Section 4 – Cost of Service Analysis  Section 5 – Rate Design Analysis A Technical Appendix is attached at the end of this report, which details the technical analyses that were undertaken in the preparation of the City’s water study. 1.4 Summary This report will review and discuss the water rate analyses prepared for the City. This report has been prepared utilizing generally accepted water rate setting methodologies and techniques to meet the requirements of Proposition 218. Revenue Requirement Analysis Cost of Service Analysis Rate Design Analysis Compares the revenues to the expenses of the utility to determine the overall level of rate adjustment required Distributes the revenue requirement to the customer classes of service in a proportional manner Considers both the revenue requirement and cost of service results to develop the proposed rates Page 319 of 954 Overview of Water Rate Setting Principles 12 City of San Luis Obispo – Water Rate Study 2 Overview of Water Rate Setting Principles This section of the report provides background information about the water rate setting process, including descriptions of generally accepted principles, types of utilities, and the methodologies used to develop the revenue requirement, cost of service, and rate design analyses. This information is useful for gaining a better understanding of the details presented in Sections 3 through 5 of this report. The use of these principles and methodologies lead to cost-based and equitable water rates for the City’s water customers. 2.1 Generally Accepted Rate Setting Principles As a practical matter, all utilities should consider setting their rates around some generally accepted or global principles and guidelines. That is, utility rates should be:  Cost-based, proportional, and set at a level that meets the utility’s full revenue requirement  Easy to understand and administer  Designed to conform to generally accepted rate setting techniques and requirements of Proposition 218  Stable in their ability to provide adequate revenues for meeting the utility’s financial, operating, and regulatory requirements  Established at a level that is stable from year-to-year from a customer’s perspective 2.2 Determining the Revenue Requirement Most public utilities use the “cash basis” 2 approach, or methodology, for establishing their revenue requirement and setting rates. This approach conforms to most public utility budgetary requirements and the calculation is easy to understand. A public utility totals its cash expenditures for a period to determine required revenues. The revenue requirement for a public utility is usually comprised of the following cost components or expenses: • Total Operating Expenses: This includes a utility’s operation and maintenance (O&M) expenses, plus any applicable taxes or transfer payments. Operation and maintenance expenses include the materials, electricity, labor, supplies, etc., needed to keep the utility functioning. • Total Capital Expenses: Capital expenses are calculated by adding annual debt service payments (principal and interest) to capital improvements financed with rate revenues. In lieu of including capital improvements financed with rate revenues, a utility sometimes includes annual depreciation expense to stabilize the annual revenue requirement. Using the cash basis approach, the sum of the total operating expenses plus the total capital expenses equals the utility’s revenue requirement during any selected time period (historical or projected). 2 “Cash basis” as used in the context of rate setting is not the same as the terminology used for accounting purposes and recognition of revenues and expenses. As used for rate setting, “cash basis” refers to the specific cost components to be included within the revenue requirement analysis as outlined in the AWWA M1 Manual. Page 320 of 954 Overview of Water Rate Setting Principles 13 City of San Luis Obispo – Water Rate Study Note that the two portions of the capital expense component (debt service and capital improvements funded from rate revenues) are necessary under the cash basis approach because utilities generally cannot finance all their capital facilities with long-term debt. At the same time, it is often difficult to pay for all capital expenditures on a “pay-as-you-go” basis given that some major capital projects may have significant rate impacts upon the utility, even when financed with long-term debt. Many utilities have found that a combination of “pay-as-you-go” funding and long-term debt financing will often lead to minimization of rate increases over time. As noted, public utilities typically use the cash basis methodology or approach to establish their revenue requirement. An exception may occur if a public utility provides service to a wholesale or large contract customer. In this situation, a public utility could use the “utility basis” approach (see Table 2 - 1) to earn a “fair” rate of return on the investment needed to serve the wholesale or large contract customer. Table 2 – 1 Cash versus Utility Basis Comparison Cash Basis Utility Basis (Accrual) + O&M Expenses + O&M Expenses + Taxes/Transfer Payments + Taxes/Transfer Payments + Capital Improv. Funded From Rates (≥ Depreciation Expense) + Depreciation Expense + Debt Service (Principal + Interest) + Return on Investment = Total Revenue Requirement = Total Revenue Requirement 2.3 Analyzing Cost of Service After the total revenue requirement is determined, it is proportionally distributed to the users of the service. The allocation and distribution process, as analyzed through a cost of service analysis, reflects the cost relationships for producing and delivering water services. A cost of service analysis requires three analytical steps: 1. Costs are functionalized, or grouped, into the cost categories related to providing service (supply, treatment, distribution, pumping, etc.). This step is largely accomplished by the utility’s accounting system. 2. The functionalized costs are then allocated to specific cost components. Allocation refers to the arrangement of the functionalized data into cost components. For example, a water utility’s costs – such as for the City - are typically allocated as commodity (average day), capacity (peak day), customer, or fire-protection-related costs. 3. Once the total costs are allocated to the cost components, they are proportionally distributed to each of the customer classes of service (e.g., residential, multi-family, non- residential, irrigation) or rate schedule. The proportional distribution is based on each Page 321 of 954 Overview of Water Rate Setting Principles 14 City of San Luis Obispo – Water Rate Study customer class’s relative contribution to the cost component (i.e., benefits received from, and burdens placed on the system and its resources). For example, customer-related costs are proportionally distributed to each class of service based on the total number of customers in that class of service, relative to all other customer classes of service. Once the total costs (i.e., revenue requirement) are proportionally distributed, the level or amount of revenues required from each customer class of service to achieve cost-based rates can be determined. The City’s cost of service analysis was developed based on generally accepted water cost of service methodologies and approaches, while at the same time, tailoring the analysis to take into consideration and reflect the City’s unique customer and system characteristics. The water cost of service analysis developed for the City is discussed in more detail in Section 4 of this report. 2.4 Designing Water Rates Water rates that meet the utility’s cost-based and proportional objectives are designed based upon the findings and conclusions from the revenue requirement and cost of service analyses. Using the cost information from these two analyses provides rates that are strictly cost-based and proportional. The average unit costs (i.e., cost-based rates) from the cost of service analysis does not consider, or take into account, other non-cost based goals and objectives (e.g., conservation, economic development, ability to pay, revenue stability). In designing water rates, many utilities consider or incorporate other rate design objectives such as ability to pay, continuity of past rate philosophy, economic development, ease of administration, and customer understanding into their final water rate designs. However, the City’s proposed water rates must comply with the requirements of Proposition 218. They must take into consideration each customer class’s proportional share of costs distributed through the cost of service analysis to meet the requirements of Proposition 218. The development of the City’s proposed water rate designs is discussed in more detail in Section 5 of this report. 2.5 Economic Theory and Rate Setting One of the major justifications for a comprehensive rate study is founded in economic theory. Economic theory suggests that the price of a commodity must roughly equal its cost if equity among customers is to be maintained. This statement’s implications on utility rate designs are significant. For example, a water utility usually incurs capacity-related costs to meet summer outdoor or non-domestic watering needs. It is presumed, then, that the customers who create excessive peak demands on the system - and create the need for upsizing of the water system infrastructure - should pay their proportional share of the costs related to the over-sizing of facilities to meet peak use requirements. When costing and pricing techniques are refined, consumers have a more accurate understanding of what the commodity costs to produce and deliver. This price-equals-cost concept provides the basis for the subsequent analysis and comments. This basic pricing technique has been incorporated and used within this study. 2.6 Summary This section of the report has provided a brief introduction to the general principles, techniques, and economic theory used to set water rates. These principles and techniques provide the theoretical and technical basis for the analysis used to develop the City’s water rate study. Page 322 of 954 Revenue Requirement Analysis 15 City of San Luis Obispo – Water Rate Study 3 Development of the Revenue Requirement The development of the revenue requirement analysis is the first analytical step in the three-step comprehensive water rate study process. This section of the report describes the development of the revenue requirement analysis for the City’s water utility. The City provided HDR with detailed revenue, expense, and customer data for the water system that allowed for the development of the revenue requirement analysis. The revenue requirement analysis, as developed for the City’s water utility, determines the adequacy of water rates at current rate levels. From this analysis, a determination can be made as to the overall level of rate revenue adjustment needed to provide adequate and prudent funding for both operating and capital expenses. HDR has developed an independent analysis based on the data and information provided by the City. 3.1 Determining the Revenue Requirement In developing the City’s water revenue requirement, the water utility, as an enterprise fund, must financially “stand on its own” and be properly funded. That is, no transfers from other City of San Luis Obispo funds or enterprise funds occur to support the water utility. As a result, the revenue requirement analysis assumes the full and proper funding needed to operate and maintain the City’s water system on a financially sound and prudent basis. 3.2 Establishing a Time Frame and Approach The first step in developing the revenue requirement for the City’s water utility was to establish a time frame for the revenue requirement analysis. For the Study, the City’s revenue requirement was developed for FY 2022-23 through FY 2032-33. This time frame was composed of the FY 2022-23 budget which was then projected using assumed escalation (inflationary) factors from the City’s fund analysis through FY 2032-33. While the revenue requirement was developed for a ten-year period, the focus for rate setting purposes was the immediate two-year period of FY 2023-24 and FY 2024-25. Reviewing a multi-year time period is always recommended in order to aide in identifying any major financial impacts that may be on the horizon. By anticipating future financial requirements sooner, the City can begin planning for these changes, thereby minimizing short-term rate impacts and likely overall long-term rate levels. The second step in determining the revenue requirement was to decide on a method to accumulate water utility costs. In this case, a cash basis revenue requirement was utilized. As noted in Section 2, the cash basis approach is the most common methodology used by municipal utilities to establish their revenue requirement. Given a time period around which to develop the revenue requirement and a method to accumulate the costs, the focus shifts to the development and projection of the revenues and expenses of the City. Presented below is a detailed discussion of the steps and key assumptions contained in the development of the City’s water revenue requirement analysis. Page 323 of 954 Revenue Requirement Analysis 16 City of San Luis Obispo – Water Rate Study 3.3 Projecting Rate and Other Miscellaneous Revenues Once the method and time period for developing the revenue requirement was established, the next step is to develop a projection of the water rate revenues, at present rate levels. In general, this process involved developing projected billing units (i.e., meter size, metered consumption) for each customer group (e.g., residential, multi-family, commercial, irrigation) based on historical billing records as provided by the City. The billing units for each customer group were then multiplied by the current water rates for each customer group. This method of independently calculating revenues links the projected revenues used within the Study to the projected billing units. It also helps to confirm that the billing units used within the analyses are reasonable for purposes of projecting future revenues, proportionally distributing costs (Section 4), and developing the proposed water rates (Section 5). A key aspect of the projection of water rate revenues was to develop a projection of consumption levels. The consumption data from July 2021 through June 2022 was reviewed to develop a projection of customer consumption characteristics. Most the City’s water rate revenues are derived from the residential customer class which is approximately 48.3% of the total rate revenues which is typical of a municipal utility. Including the other customer classes, and at current rate levels, the City is projected to receive approximately $22.7 million in rate revenue in FY 2022-23. The Study has assumed a conservative level of annual customer growth of 0.8%/year over the review period. In FY 2027-28, the rate revenues, given assumed customer growth and at current rate levels, are projected to be approximately $23.6 million. In addition to water rate revenues, the water utility also receives miscellaneous revenues. There are various miscellaneous revenue sources which are related to fines and penalties, interest earnings, recycled water sales, and other miscellaneous revenues. In total, the City is projected to receive approximately $3.8 million in miscellaneous revenues in FY 2022-23. This amount is projected to decrease over the next five years due to grants falling off and reach approximately $3.1 million by FY 2027-28. On a combined basis, summing the water rate revenues at current rate levels and the miscellaneous revenues, the City’s water utility has total projected revenues of approximately $26.5 million in FY 2022-23, which is projected to increase to approximately $26.7 million by 2027-28, absent any proposed rate adjustments. 3.4 Projecting Operation and Maintenance Expenses Operation and maintenance (O&M) expenses are incurred by the City to provide water service, that is the supply, treatment, transmission, and distribution of water. This includes the daily Page 324 of 954 Revenue Requirement Analysis 17 City of San Luis Obispo – Water Rate Study operation and maintenance of the existing infrastructure, as well as purchasing water. For the development of the revenue requirement, the City provided detailed budgeted O&M expenses and capital improvement needs (discussed in Section 3.5) for the water utility for FY 2022-23. The budgeted FY 2022-23 O&M expenses were then projected over the review period based on the City’s estimated cost increases from the Fund Analysis. The total FY 2022-23 O&M expenses for the City are budgeted at approximately $21.3 million. For FY 2023-24, addition staffing was added starting based on the City’s current assumptions at $137,000. Over the planning horizon, the total O&M expenses for the City is projected to increase to approximately $31.6 million by FY 2032- 33. 3.5 Capital Funding A key component in the development of the water revenue requirement was properly and adequately funding capital improvement needs related to the infrastructure of the City’s water system. One of the major issues facing utilities across the U.S. is the amount of deferred capital projects and the funding pressure from growth/expansion and regulatory-related improvements. The proper and adequate funding of capital projects is an important issue for all water utilities and is not just a local issue or concern of the City. In general, there are three general types of capital projects that a utility may need to fund. These include the following types:  Renewal and Replacement - A renewal and replacement project is essentially a project required for maintaining the existing system that is in place today. As the existing infrastructure becomes worn out, obsolete, etc., the utility should be making continuous (annual) investments to maintain the integrity of the facilities.  Growth / Capacity Expansion - A utility may make capital investments to expand the capacity of facilities to accommodate future capacity needs (customers).  Regulatory-Related - Another type of project may be a function of a regulatory (legal) requirement in which the Federal or State government mandates the need for an improvement to the system to meet a regulatory standard (e.g., water quality). Understanding these different types of capital projects is important because it may aid in explaining any needed rate adjustments. As the need for capital investment increases, it often directly impacts needed rate revenue adjustments. In addition, and more importantly, the way in which projects are funded may vary by the type of capital project. For example, annual and on- going renewal and replacement projects may be paid for through rates and funded on a “pay-as- you-go” basis. In contrast to this, growth or capacity expansion projects may be funded through the collection of development impact fees (i.e., growth-related charges) in which new development pays an equitable share of the cost of facilities necessary to serve their respective development (impact). Finally, regulatory projects may be funded by a variety of different means, which may include annual rate revenues, long-term borrowing, grants, etc. While the above discussion appears to precisely divide capital projects into three clearly defined categories, the reality of working with specific capital projects may be more complex. For example, a water pipeline may be replaced, but while being replaced, it is up-sized to accommodate greater capacity to serve increasing demands or new development. There are Page 325 of 954 Revenue Requirement Analysis 18 City of San Luis Obispo – Water Rate Study many projects that share these “joint” characteristics. At the same time, projects may not be “replacement” related, but rather “improvement” related. For purposes of developing the capital funding plan for the revenue requirement analysis, the City provided its long-term capital improvement plan (CIP) to HDR. The CIP provides a listing of long-term capital projects that address deficiencies and improvements needed on the water system. Provided below in Table 3 - 1 is a summary of the capital funding plan based on the overall capital plan as developed by the City based on current needs. As noted, the focus of the City’s water rate study was on the next five-year period for rate setting purposes. The capital plan detail has been simplified to the main categories for ease of reading. Exhibit 4 in the Technical Appendix provides details of the individual capital projects and identified funding sources. Table 3 – 1 Summary of the Capital Improvement Plan ($000) FY 2022- 23 FY 2023- 24 FY 2024- 25 FY 2025- 26 FY 2026- 27 FY 2027- 28 Total Capital Projects $15,006 $7,182 $5,643 $13,090 $6,560 $6,922 Less: Outside Funding Sources Operating Fund $0 $0 $0 $0 $0 $0 Capital Fund 12,176 4,262 2,418 610 1,410 782 New Long-Term Borrowing 0 0 0 8,000 0 0 Total Outside Funding Sources $12,176 $4,262 $2,418 $8,610 $1,410 $782 Rate Funded Capital $2,830 $2,920 $3,225 $4,480 $5,150 $6,140 As can be seen in Table 3 - 1, the total cost of the capital projects to be funded varies from year- to-year. While the total amount required to fund projects may vary from year-to-year, the rate study capital funding plan has attempted to provide a consistent funding source from rates for capital improvements. In this case, rates will annually fund, on average, $4.1 million per year (as highlighted in Table 3 - 1). As a point of reference, the City’s annual depreciation expense was approximately $2.9 million for FY 2022-23. A desirable and recommended minimum funding target for rate funded capital is an amount equal to or greater than annual depreciation expense. It is important to understand that annual depreciation expense is not the same as replacement cost, which can be 1.5 to 2.0 times the original cost of the project. Thus, funding an amount which exceeds annual depreciation expense is both prudent and appropriate. This capital funding plan has assumed the need for additional long-term borrowing (debt financing) to fund a portion of the capital projects in FY 2025-26. This new long-term borrowing allows the City to complete the projects, while minimizing the direct impact to rates. In developing the capital plan, and reviewing the current and anticipated debt service, HDR is not acting as a municipal advisor or providing municipal advice as it relates to bonds, terms, or structures of debt issuances. Rather, this rate study is a financial planning document which has Page 326 of 954 Revenue Requirement Analysis 19 City of San Luis Obispo – Water Rate Study identified projections of future funding needs and utilized general assumptions for long-term debt terms for modeling and projection purposes. In summary, the capital funding analysis has established a level of annual rate funding which is greater than annual depreciation. Going forward, the City should continue to plan and monitor their annual renewal and replacement needs and, as appropriate, increase the level of rate funded capital over time to keep up with the cost escalation of these capital projects. In developing this financial plan, HDR and the City have attempted to minimize rate impacts while funding the planned capital improvement projects of the City’s water utility. 3.6 Projection of Debt Service The City currently has four outstanding long-term debt issues for the water utility which totals $2.4 million in FY 2022-23. In addition, there is an anticipated to be new long-term debt service in FY 2025-26 in order to fund the planned capital projects. The impact of the assumed borrowing is approximately $382,000 in FY 2026-27. Additional long-term borrowing is also projected in FY 2028-29 which will add an additional $460,000 to the annual debt service requirement at that time. 3.7 Reserve Funding The final component of the revenue requirement analysis is the reserve funding. It includes transfers to, or from, reserve funds to maintain prudent ending fund balances or for future funding of capital projects. The City has a target minimum fund balance for the Operating (reserve) Fund of 20% of annual O&M expenses, or approximately $4.3 million. In addition, the rate study has included a capital reserve that does not currently have a minimum target and a rate stabilization reserve target of 10% of rate revenues which for FY 2022-23 is $2.3 million. Any additional balance of funds after the transfers are made is transferred to the capital fund to maintain prudent levels of reserves to help pay for future capital needs of the water utility. Funding from reserves may also be used to meet operating and capital needs in a deficient year. 3.8 Summary of the Revenue Requirement Given the above projections of revenue and expense components, a summary of the City’s water revenue requirement analysis can be developed. In developing the revenue requirement analysis, consideration was given to the financial planning considerations of the City. More specifically, emphasis was placed on minimizing rates while adequately funding the operational and capital improvement needs throughout the review period. Presented below in Table 3 - 2 is a summary of the City’s water revenue requirement analysis based on projected expenses and current rates. Detailed exhibits of this analysis can be found in the Technical Appendices in Exhibits 1 - 5. Page 327 of 954 Revenue Requirement Analysis 20 City of San Luis Obispo – Water Rate Study Table 3 - 2 Summary of the Revenue Requirement Analysis ($000) FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Revenues Rate Revenues $22,680 $22,861 $23,044 $23,229 $23,414 $23,602 Misc. Revenues 3,798 3,295 2,680 2,781 2,983 3,093 Total Revenues $26,478 $26,156 $25,724 $26,009 $26,397 $26,695 Expenses O & M $21,319 $23,684 $24,854 $25,956 $26,671 $27,426 Net Debt Service 2,043 1,470 1,469 1,466 1,838 1,837 Rate Funded Capital 2,830 2,920 3,225 4,480 5,150 6,140 Reserve Funding 287 26 10 4 3 7 Total Expenses $26,478 $28,100 $29,558 $31,906 $33,662 $35,410 Bal. / (Def.) of Funds $0 ($1,943) ($3,834) ($5,897) ($7,265) ($8,715) Bal. as a % of Rate Rev. 0.0% 8.5% 16.6% 25.4% 31.0% 36.9% Proposed Rate Adjustment 0.0% 8.5% 7.5% 7.5% 4.5% 4.5% Add’l Rev. from Rate Adj. $0 $1,943 $3,834 $5,897 $7,265 $8,715 Total Bal. / (Def.) of Funds $0 $0 $0 $0 $0 $0 As can be seen, the revenue requirement has summed the O&M, rate funded capital, net debt service, and change in working capital (i.e., net funding to and from reserves). The City’s total revenue requirement is then compared to the total revenues which include the rate revenues - at present rate levels - and other miscellaneous revenues. From this comparison, a balance or deficiency of funds in each year can be determined. This balance or deficiency of funds is then compared to the present rate revenues to determine the level of rate adjustment needed to meet the revenue requirement. It is important to note the “Bal. / (Def.) of Funds” row is cumulative. That is, any adjustments in the initial years will reduce the deficiency in the later years. In FY 2023-24, an 8.5% rate adjustment is proposed - which would be implemented July of 2023 (the first month of the fiscal year) - and 7.5% rate increase in FY 2024-25. Over the five-year period, the total deficiency in current water rates is 36.9%. It is important to note that only the proposed rate adjustments for the next two years – FY 2023-24 and FY 2024-25 – are proposed to be noticed through the Prop 218 process. The deficiencies shown in Table 3 - 2 are primarily a function of three factors. First, the O&M expenses assume inflation assumptions for the projected time period, and the projection of O&M expenses has also assumed additional expenses beyond existing/budgeted levels. Next, the capital funding analysis includes the annual rate funding of capital projects along with the need for long-term borrowing, which translates in a new (additional) debt service payment. Taken together, the water utility’s current rates are projected to be deficient over the five-year time period. Based on the revenue requirement analysis developed for the City’s water utility, HDR has concluded that the rate revenues will need to be adjusted to maintain prudent funding of Page 328 of 954 Revenue Requirement Analysis 21 City of San Luis Obispo – Water Rate Study expenses and establish cost-based rates. Based on the rate transition plan (blue shaded line in Table 3 – 2), the proposed annual rate adjustments are designed and intended to meet the operating and capital needs of the City’s water utility, as well as maintain strong financial metrics. 3.9 Reserve Levels Another key element of determining the financial health and sustainability of the City’s water utility is a review of the level of available reserve funds after the proposed rate adjustments. Utilities can establish and maintain several different reserves. Each reserve has a specific and different purpose. The typical types of reserves that utilities often maintain are generally referenced as an operating reserve, a capital reserve, an impact fee reserve, and in some cases an emergency or rate stabilization reserve. Certain funds may establish a minimum ending balance that, if reached or falls below, is a signal that the City should review the revenue sources associated with that fund and take appropriate action. The minimum ending balances will vary depending on the purpose of the fund and the expected revenue sources. For the City, there are three primary funds for the water utility rate study. These are the Operating Fund, Capital Fund, and Rate Stabilization. Each of these is discussed further below.  Operating Fund – The operating reserve is in place to meet the City’s fluctuating cash flow needs. The typical minimum ending balance for an operating reserve ranges from 90 – 365 days of annual O&M expenses. For the City, the minimum target was set at 20% of O&M expenses, or 73 days of O&M. This target results in a minimum ending balance of approximately $4.6 million in FY 2022-23. This minimum reserve level increases to $6.4 million by 2032-33.  Capital Fund – The capital fund is used to track the collection of development impact fee revenues as well as provided funding for capital projects. There is currently no minimum target for the reserve. When capital reserve funds are available, this fund is used to pay for capital improvement projects and when there is a surplus of funds those funds are moved to the capital fund in order to fund future capital projects.  Rate Stabilization Fund – A rate stabilization reserve is maintained at a level equal to approximately 10% of the annual water rate revenue. These funds are unrestricted, but their intended use shall be limited to mitigating large or unanticipated rate impacts, or emergency/catastrophe situations. 3.10 Debt Service Coverage Ratios When long-term debt is issued it may have certain rate covenants associated with the debt issue. Currently, the City has 4 outstanding long-term debt issuances. Additionally, as mentioned previously, it is assumed within the capital funding plan that the City will need to issue long-term debt in order to fund capital improvement projects. The City will need to monitor the debt service coverage (DSC) as the debt is incurred and for planning purposes a minimum debt service coverage ratio of 1.30 is assumed. The City should strive for a coverage ratio which is greater than the minimum. Provided in Table 3 - 3 is a summary of the projected debt service coverage (DSC) ratio calculations for the City’s water utility before and after the proposed rate adjustments. Page 329 of 954 Revenue Requirement Analysis 22 City of San Luis Obispo – Water Rate Study Table 3 - 3 Summary of the Debt Service Coverage Ratio (All Debt, w/DIF) FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Before Rate Adjustment 2.67 1.75 0.89 0.46 0.23 0.03 After Rate Adjustment 2.67 2.79 2.95 3.62 3.48 3.93 As can be seen in Table 3 - 3, with the proposed rate adjustments, the City is maintaining a strong debt service coverage ratio. In contrast, should the City not implement the proposed rate revenue adjustments, the DSC ratio would fall below 1.00 in FY 2024-25. It is prudent financial practice to target at least 1.30 for the DSC ratio. The 1.30 DSC means that the utility, after meeting its O&M expenses has sufficient funds available to pay the debt service payment. More specifically, an amount of funding available which is 30% greater than the actual debt service payment. With this minimum financial planning target set, Table 3 – 3 demonstrates that the City is above this minimum threshold after the proposed rate adjustments. The City is advised to continue to monitor revenues and expenses to maintain sufficient debt service coverage ratios. 3.11 Consultant’s Conclusions The revenue requirement developed above for the City’s water utility has indicated the need for annual revenue (rate) increases to adequately fund the City’s operating and capital needs for the water utility. The proposed rate revenue adjustments are 8.5% in FY 2023-24 and 7.5% in FY 2024-25. HDR has reached the following conclusion and recommendations:  Rate adjustments are necessary to adequately fund the water utility’s operating and capital expenses  The proposed rate adjustments maintain the City’s financial health and provide long-term sustainable funding levels  The rate adjustments are needed to maintain, and exceed, the minimum debt service coverage ratio requirements  Prior to the implementation of the final proposed rate adjustment the City should complete a review of the water rates In reaching the above conclusions, HDR would recommend that the City adopt the proposed annual rate adjustments to provide sufficient funding for the City’s projected operating expenses and capital improvement program. Page 330 of 954 Cost of Service Analysis 23 City of San Luis Obispo –Water Rate Study 4 Development of the Cost of Service Analysis In the previous section, the revenue requirement analysis focused on the total revenues required to adequately fund the City’s water utility. This section will provide an overview of the second step in a comprehensive water rate study; the cost of service analysis developed for the City’s water utility. A water cost of service analysis determines the proportional distribution or assignment of the total revenue requirement to the customer classes of service (e.g., residential, multi-family, non- residential, irrigation). The previously developed revenue requirement for FY 2023-24 was utilized in the development of the following cost of service analysis. 4.1 Objectives of a Cost of Service Study There are two primary objectives in conducting a cost of service analysis: • Proportionally distribute the City’s water revenue requirement among the customer classes of service, and • Derive average unit costs (i.e., cost-based rates) for subsequent rate designs The objectives of the cost of service analysis are different from determining a revenue requirement. As noted in the previous section, a revenue requirement analysis determines the utility’s overall financial needs, while the cost of service analysis determines the proportional manner to collect the total revenue requirement from the customer classes of service. The results of the cost of service analysis determine the average unit costs (cost-based rates) which are used in the development of the final step of the rate study process, the rate design analysis. The cost of service analysis provides a per unit cost of water consumption based on each customer class’s proportional share of costs. For example, a water utility incurs costs related to average day and peak day demands, fire protection, and customer-related cost components. A water utility must build sufficient capacity 3 to meet summer peak capacity needs. Therefore, those customers contributing to those peak demands on the system should pay their proportionate (i.e., fair) share of the costs to provide the capacity in the system. The average unit costs derived from the cost of service analysis provides the relationship between these components which are then used to set cost-based rates. Similarly, the customer-related costs are totaled and distributed proportionately on an equivalent meter basis. 3 System capacity is the system’s ability to supply water to all delivery points at the time when demanded. Coincident peaking factors are calculated for each customer class at the time of greatest system demand. The time of greatest demand is known as a peak demand. Both the operating costs and capital asset related costs incurred to accommodate the peak demands are generally allocated to each customer class based upon the class’s contribution to the specific peak month, peak day, or peak hour event. Page 331 of 954 Cost of Service Analysis 24 City of San Luis Obispo –Water Rate Study 4.2 Determining the Customer Classes of Service The first step in a cost of service analysis is to determine the customer classes of service. Based on a review of the customer and billing information, the current rate schedules, and discussion with City staff, the classes of service used within the cost of service analysis were:  Residential  Multi-Family  Non-Residential  Irrigation In determining classes of service for cost of service purposes, the objective is to group customers together into similar or homogeneous groups based upon similar facility requirements and/or demand characteristics. HDR reviewed the current customer characteristics and facility requirements of each of the customer classes of service. In reviewing the customer classes of service, the City has appropriately grouped customers into customer classes of service. The grouping of customers and rates into these classes of service creates the proportionality expected under Proposition 218. This is accomplished by having differing rates, by customer classes of service, which reflect both the level of revenue to be collected by the utility, but also the manner in which these costs are incurred, and then assigning those costs to customer classes of service based upon their proportional impacts. 4.3 General Cost of Service Procedures To determine the cost to serve each customer class of service on the City’s water system, a cost of service analysis is conducted. A cost of service analysis utilizes a three-step approach to review costs. These steps take the form of functionalization, allocation, and distribution. Provided below is a detailed discussion of the water cost of service study conducted for the City, and the specific steps taken within the analysis. The approach used for the City’s Study conforms to generally accepted and industry standard cost of service methodologies that are outlined in the AWWA M1 Manual to meet the proportionality requirements of Proposition 218. 4.3.1 Functionalization of Costs The first analytical step in the cost of service process is called “functionalization”. Functionalization is the arrangement of expenses and asset (i.e., infrastructure or plant) data by major operating functions (e.g., supply, treatment, transmission, distribution). Within the City’s Study there was a limited amount of functionalization of the cost data required since it was already largely accomplished within the City’s system of accounts. 4.3.2 Allocation of Costs The second analytical task performed in a water cost of service study is the allocation of costs. The allocation of costs examines why each expense identified in the revenue requirement was incurred or what type of need is being met. The following cost allocators were used to develop the City’s water cost of service analysis:  Commodity-Related Costs: Commodity costs are those costs which tend to vary with the total quantity of water consumed by a customer. Commodity costs are those incurred Page 332 of 954 Cost of Service Analysis 25 City of San Luis Obispo –Water Rate Study under average load (demand) conditions and are generally specified for a period such as a month or year. Chemicals or utilities (electricity) are general examples of commodity- related cost as these costs tend to vary based upon the total volumes of water consumed.  Capacity-Related Costs: Capacity costs are those which vary with peak demand, or the maximum rates of flow to customers. System capacity is required when there are large demands for water placed upon the system (e.g., summer lawn watering). For water utilities, capacity-related costs are generally related to the sizing of facilities needed to meet a customer’s maximum water demand at any point in time. For example, portions of distribution storage reservoirs and mains (pipes) must be adequately sized to meet this type of requirement.  Customer-Related Costs: Customer costs are those costs which vary with the number of customers on the water system. They do not vary with system output or consumption levels. These costs are also sometimes referred to as “readiness to serve” or availability costs. Customer costs may also sometimes be further allocated as either “actual” or “weighted”. Actual customer costs vary proportionally on a per customer basis, from customer to customer, with the addition or deletion of a customer regardless of the size of the customer. An example of an actual customer cost is postage for mailing bills. This cost does not vary from customer to customer, regardless of the size or consumption characteristics of the customer. In contrast, a weighted customer cost reflects a disproportionate cost, from customer to customer, with the addition or deletion of a customer. Examples of weighted customer costs are items such as meter maintenance expenses, where a large commercial customer requires a significantly more expensive meter than a typical residential customer or the greater capacity requirements of the larger meters.  Fire Protection-Related Costs: Fire protection costs are those costs related to the public fire protection functions. Usually, such costs are those related to public fire hydrants and the over-sizing of mains and distribution storage reservoirs for fire protection purposes. Even with the largest peak demands on the system, there still must be sufficient capacity available to meet fire protection-related needs. These costs are related to water service on property because public fire hydrants are designed to deliver water to property served by the water utility in sufficient quantities and pressures to fight a fire on the property.  Revenue-Related Costs: Some costs associated with the utility may vary with the amount of revenue received by the utility. An example of a revenue related cost would be a utility tax which is based on the gross utility revenue. 4.4 Development of Distribution Factors Once the allocation process is complete, and the customer groups have been defined, the allocated costs are proportionally distributed to each customer group. The City’s allocated costs for the water utility were distributed to the identified customer groups using the following distribution factors.  Commodity Distribution Factor: As noted previously, commodity-related costs vary with the total water consumption. Therefore, the commodity distribution factor was based on the projected total metered water consumption plus water losses for each class of service Page 333 of 954 Cost of Service Analysis 26 City of San Luis Obispo –Water Rate Study for the projected test period FY 2023-24. For the City’s Study the consumption for each customer class of service was developed based on historical metered consumption records.  Capacity Distribution Factor: Capacity is related to peak usage. The capacity distribution factor was developed based on the estimated contribution to the water system peak day use of each customer class. Peak day use by customer class of service was estimated using peaking factors for each customer group. In this case, the peaking factor was defined as the relationship between peak day contribution and average day use and determined for each customer group based on a review of the metered average month to peak month usage. Given an estimated peaking factor, the estimated peak day contribution for each class of service was developed.  Customer Distribution Factor: Customer costs vary with the number of customers on the system. The City’s customer costs were distributed on the weighted customer distribution factor which is for meters and services. This factor reflects the capacity requirements of each customer class based on the sum of the equivalent meters. For example, a 2-inch meter has eight times the capacity of a 5/8” meter. Therefore, a larger proportion of the capacity costs of providing service is distributed to the larger meter sizes.  Fire Protection Distribution Factor: The development of the distribution factor for fire protection expenses involved an analysis of each class of service and their corresponding fire flow requirements. The analysis considered the gallon per minute (gpm) fire flow requirements in the event of a fire, along with the duration of the required flow. The fire flow rates used within the distribution factor were based on industry standards and similar experiences with other water cost of service studies. The minimum fire flow requirements are then multiplied by the number of customers in each class of service, and the assumed duration of Water Cost of Service Analysis Terminology Functionalization – The arrangement of the cost data by functional category (e.g., source of supply, treatment, etc.). Allocation – The assignment of functionalized costs to cost components (e.g., commodity, capacity, customer and fire protection related). Distribution – Equitably distributing the allocated costs to each class of service based upon each class’s proportional contribution to that specific cost component. Commodity Costs – Costs that are allocated as commodity-related vary with the total volume of water consumed (e.g., chemical use at a treatment plant). Capacity Costs – Costs allocated as capacity-related are related to meeting peak day or peak hour usage. Facilities are often designed and sized around meeting peak demands. Fire Protection Costs – Costs that are related to fire protection services (e.g., hydrants, oversizing of storage and distribution mains). Customer Costs – Costs allocated as customer-related vary with the number of customers on the system (e.g., metering costs). Revenue Related Costs – Costs which vary with the amount of revenue received by the utility (e.g., income tax). Page 334 of 954 Cost of Service Analysis 27 City of San Luis Obispo –Water Rate Study the fire, to determine each class’s prorated fire flow requirements.  Revenue Related Distribution Factor: The revenue related distribution factor was developed from the projected rate revenues for FY 2023-24 for each customer class of service. These same revenues were used within the revenue requirement analysis discussed previously. The distribution factors are developed for each customer class of service. At the same time, the distribution factors for commodity and capacity-related costs must be developed to also calculate the average unit cost pricing. For example, the residential commodity and capacity distribution factor is broken down for each of the rate structure tiers; multi-family, non-residential, and irrigation is a single factor for each class. This level of distribution was provided within the analysis in order to demonstrate (i.e., calculate) the cost basis for the City’s tiered rates, and meet the requirements of Proposition 218. Further discussion related to the distribution of costs to a greater cost level is discussed in more detail in the rate design analysis provided in Section 5 of this report. 4.5 Functionalization and Allocation of Plant in Service As noted above, the first steps of the cost of service analysis are the functionalization and allocation of plant (infrastructure) in service. In performing the functionalization of plant in service, HDR utilized the City’s historical plant (asset) records. Once the plant assets were functionalized, the analysis shifted to the allocation of the asset. The allocation process included reviewing each group of assets and determining which cost allocators the assets were related to. For example, the City’s assets were allocated as: commodity-related, capacity-related, customer- related, revenue-related, fire protection-related, or a direct assignment. Provided below is a summary overview of the allocation process used for the City’s plant assets. The following approach is based on the methodology as described in the AWWA M1 Manual. 4.5.1 Source of Supply Source of supply was allocated as both average day and peak day related. The City’s water system statistics from July 2021 through June 2022 were utilized to develop the average day and peak day calculation. The City’s source of supply assets was allocated on the basis of the relationship of system average day to peak day demands. This resulted in 60.0% of the source of supply plant assets allocated to commodity-related costs (average day) and 40.0% to capacity-related costs (peak day). These allocation percentages reflect the City’s specific system peak demand (capacity needs) in relation to the system average day use (base needs). 4.5.2 Treatment Treatment plant assets were allocated in the same manner as the source of supply assets; 60.0% to commodity-related and 40.0% to capacity-related. Treatment plant is often considered to be an extension of the source of supply and this allocation also reflects the operation of the treatment facilities either as meeting average day and peak day needs on the system. 4.5.3 Pumping Pumping was allocated as 100% capacity. Pumps must be sized to meet peak use requirements and this allocation assumes pumping plant is sized to meet peak use needs. Page 335 of 954 Cost of Service Analysis 28 City of San Luis Obispo –Water Rate Study 4.5.4 Storage Distribution storage reservoirs are typically designed to meet at least two types of needs –peak use demands and fire protection. The total storage capacity of the City’s storage facilities was examined, while consideration is also given to the additional capacity required for fire protection under a fire event scenario. This additional amount of capacity, in relation to the total storage capacity, is considered fire protection-related. The balance of storage capacity is in place to meet average and peak use demands. Finally, the City has a component of the storage assets that are related to reservoirs that act more as a source of supply and were allocated as average day and peak day as the source of supply assets. This resulted in storage plant assets allocated 32.1% to commodity, 56.6% to capacity, and the remaining 11.3% assigned to the fire protection component. 4.5.5 Transmission and Distribution Transmission and distribution lines (mains) are typically assumed to provide three types of costs. First, a distribution system must be in place to meet a customer’s minimum use requirements for water. This portion of the distribution main plant investment is a function of the number of customers on the system and, thus, a customer-related cost. Next, a portion of the distribution system mains is considered a function of meeting peak flow (use) requirements on the system. Distribution mains must be sized to adequately meet the maximum peak flows demanded by customers. This incremental portion of the distribution main plant investment is considered capacity related. Finally, even with sufficient capacity for meeting peak use demands, distribution mains must also be over-sized for fire flow demands. This final portion of over-sizing for distribution mains plant investment is classified as fire protection related. Based upon an analysis of the City’s distribution mains, the assignment of the distribution mains was allocated as 18.0% customer-related, 70.6% to capacity(i.e., peak use)-related, and 11.4% fire protection-related. Table 4 - 1 provides a summary of the basic functionalization and allocation of the major water plant items. A more detailed exhibit of the City’s functionalization and allocation of plant investment can be found in the Technical Appendix Exhibit 11.1. Table 4 - 1 Summary of the Allocation of Water Plant in Service Category Commodity Related Capacity Related Customer Related Equivalent Meters Fire Protection Source of Supply 60.0% 40.0% 0.0% 0.0% 0.0% Pump Stations 0.0% 100.0% 0.0% 0.0% 0.0% Storage 32.1% 56.6% 0.0% 0.0% 11.3% Transmission & Distribution 0.0% 70.2% 0.0% 17.9% 11.8% General Plant 28.7% 55.9% 0.0% 8.9% 6.5% Total Net Plant in Service 28.7% 55.9% 0.0% 8.9% 6.5% Page 336 of 954 Cost of Service Analysis 29 City of San Luis Obispo –Water Rate Study 4.6 Functionalization and Allocation of Operating Expenses As noted in the AWWA M1 Manual, operating expenses are generally functionalized and allocated in a manner similar to the corresponding plant account. For example, maintenance of distribution mains is typically allocated in the same manner (allocation percentages) as the plant account for distribution mains. This approach to allocation of the City’s water utility operating expenses was used for this analysis. For the City’s water rate study, the revenue requirement for FY 2023-24 was functionalized, allocated, and distributed. As noted in Section 3, the City utilized a cash basis revenue requirement, which was comprised of operation and maintenance expenses, rate funded capital, net debt service, and reserve funding. A more detailed review of the functionalization and allocation of the revenue requirement can be found in the Technical Appendix in Exhibit 13.1. 4.7 Major Assumptions of the Cost of Service Study Several key assumptions were used within the City’s water cost of service analysis. Below is a brief discussion of the major assumptions used.  The test period used for the water cost of service analysis was FY 2023-24. The revenue and expense data were previously developed within the revenue requirement analysis  A cash basis methodology was utilized which conforms to generally accepted water cost of service approaches and methodologies and is consistent with the City’s previous cost of service analyses  The allocation of plant in service was developed based upon generally accepted cost allocation techniques and the City’s specific system characteristics  Consumption by cost or class of service used within this study were developed for each class of service from historical usage information provided by the City  Peak day capacity distribution factors were estimated based upon each customer group’s average month to peak month relationship  For residential customers, costs were distributed to consumption tiers to specifically address the requirements of Proposition 218 4.8 Development of Cost-Based Water Rates While there are various rate study goals and objectives, a key consideration in developing water rates, meeting the legal requirements - and documenting the steps taken to meet the requirements - has been in the forefront with the recent legal challenges in the State of California on water rates. Given this, the City’s proposed water rates have been developed to meet the legal requirements of Article XIII D. A key component of Article XIII D is the development of rates which reflect the cost of providing service and which proportionally distributed such costs among the various customer classes of service. There is no single prescribed methodology for proportionally distributing costs to the customer classes of service. The AWWA M1 Manual clearly delineates various methodologies which may be used to establish cost-based rates. Article XIII D does not prescribe a particular methodology for establishing cost-based rates, consequently, HDR developed the City’s proposed water rates based on the methodologies Page 337 of 954 Cost of Service Analysis 30 City of San Luis Obispo –Water Rate Study provided in the AWWA M1 Manual to meet the requirements of Article XIII D to provide an administrative record of the steps taken to establish the City’s water rates. HDR is of the opinion that the proposed rates comply with legal requirements of Article XIII D. HDR reaches this conclusion based upon the following:  The revenue derived from water rates does not exceed the funds required to provide the property related service (i.e., water service). The proposed rates are designed to collect the overall revenue requirement of the City’s water utility.  The revenues derived from water rates shall not be used for any purpose other than that for which the fee or charge is imposed. The revenues derived from the City’s water rates are used exclusively to operate and maintain the City’s water system.  The amount of a fee or charge imposed upon a parcel or person as an incident of property ownership shall not exceed the proportional costs of the service attributable to the parcel. The cost of service analysis section of this study has focused exclusively on the issue of proportional assignment of costs to the customer classes of service. The proposed rates have appropriately grouped customers into customer classes of service (residential, multi-family, etc.) that reflect the varying consumption patterns and system requirements of each customer class of service. The grouping of customers and rates into these classes of service creates the proportionality expected under Article XIII D by having differing rates by customer classes of service which reflect both the level of revenue to be collected by the utility, but also the manner in which these costs are incurred and distributed to customer classes of service based upon their proportional impacts and burdens placed on the City’s the water system. The above discussion provides an overview of the California legal requirements of setting rates. The cost of service developed herein has developed a set of average unit costs which provide the cost-basis for the development of the proposed water rates for the City. As a part of the Study, HDR has developed a water rate design discussion to demonstrate and support the proposed water rates. The following discussion provides a more detailed analysis of the costing techniques and methodologies used to support the City’s proposed rate design. 4.8.1 Determination of Sizing and Number of Tiers As a part of the City’s water rate study, the residential customer class rate structure which is a 3- tiered structure. The City’s recent water consumption data was evaluated to aide in the evaluation of the current tiers and used as justification if any adjustments to tier sizes are appropriate. After reviewing the residential consumption profile, it was determined three rate tiers appeared to be appropriate given the level of consumption in each tier. The goal of the tiers was to target typical monthly customer average annual consumption levels in the first block and the City’s residential average annual water use is approximately 5.74 CCF per month. This means that almost all of the average annual usage for the residential class is captured in the first tier. The first tier represents 63.0% of the total consumption. Tier 2 is designed to capture above average day use and the majority of outdoor use and in the City’s case the tier 2 usage captures 27.6% of the total annual water use for the residential customer class. The remaining 9.4% of Page 338 of 954 Cost of Service Analysis 31 City of San Luis Obispo –Water Rate Study water consumption is then be captured in tier 3. The graph shows the residential consumption, by month, based on the current rate structure. The current consumption rate structure for the multi- family, non-residential, and irrigation customers is a uniform rate structure (i.e., all usage charged the same per unit rate). The customer characteristics of each of these customer groups are unique between customer classes as well as between the customers among each class of service. The total consumptive use can vary significantly for these customers and it is difficult, if not impossible, to develop an equitable tier size that reflects the various types of customer consumption characteristics and needs. After the number and size of tiers and rate structures have been identified, the pricing of the rate components is the next analytical step. 4.8.2 Establishing the Cost-Basis for Pricing Tiers Given the requirements of Proposition 218, HDR has concluded that utilities have available to them at least three technical approaches to be able to justify tiered pricing of the rates. These technical approaches encompass the following areas: 1. Cost differences in water supply (i.e., stacking of water supply resources to tiers/seasons). 2. Cost differences from high peak use consumers (relationship of average use to peak use). 3. Direct assignment of costs to specific tiers/seasons (e.g., conservation program costs, etc.) In certain cases, the cost differences may be related to the cost of water supply when a utility has more than one source of water supply. Additionally, this water supply approach may also include the cost of alternative water supplies (i.e., recycled or reuse water). For example, reuse water may be assigned to higher tiers to reflect outdoor use or the need for additional/alternative water supply to meet the demands of the high use customers. The second possible source of cost differences for the pricing of tiers is related to high-peak use (peak demand) customers. Customers that use more water in peak periods create greater demands and costs on the system. A water supply and distribution system must be sized to meet these peak use requirements. In other words, on the hottest day of the year when everyone is watering their lawn, the supply and distribution system must be sized to meet those peak use demands. Economic theory clearly states that equity is achieved when those that create the peak demand event, pay for the peak demand event. In this case, this has implications upon the Page 339 of 954 Cost of Service Analysis 32 City of San Luis Obispo –Water Rate Study proportional distribution of capacity-related costs to the different usage tiers (low peak use vs. high peak use). Finally, certain costs may be directly assigned to specific tiers. For example, a conservation program which focuses on outdoor water use may be directly assigned to the upper water tier, or summer season, which are most directly related to outdoor use. The direct assignment to a specific price tier will create a price differential for that tier. For the City’s water rate study, the focus of the analysis was on the second method of determining the cost impacts and cost differences associated with high peak and seasonal use customers. The pricing of the consumption rate components was developed to provide the cost- basis and meet the proportionality requirements of Proposition 218. 4.9 Development of the Unit Costs for Rate Designs To begin the assignment of costs related to rate components, the results of the cost of service analysis are utilized. The cost of service analysis allocated the revenue requirement between the cost components of average use (commodity, peak use capacity), and customer (actual and weighted). Provided in Table 4 – 2 is a summary of the allocation of the FY 2023-24 revenue requirement from the cost of service analysis. Table 4 - 2 Summary of the Allocation of the FY 2023-24 Revenue Requirement ($000) Total Commodity Related Capacity Related Customer Related Fire Prot. Revenue Related Direct Assign. Revenue Requirement $24,805 $6,562 $11,124 $5,936 $1,183 $0 $0 The total allocation of the FY 2023-24 revenue requirement, approximately $24.8 million, is then distributed to the various customer classes of service. Given the legal requirement to provide the cost-basis the rate structure components, the allocated costs are further distributed between the rate structure components based on the appropriate distribution factors. The costs in Table 4 – 2 are taken from Exhibit 13 in the Water Technical Appendix. Provided below is a discussion of the approach used to proportionally distribute the revenue requirement between the various customer classes of service to the various rate components for each customer class of service. 4.9.1 Commodity Distribution Factor The commodity distribution factor is based on the average annual use for each of the customer classes of service, and more importantly by tier for the residential customer class. For the development of the pricing of the proposed rates the following customer class distribution factors were used: Page 340 of 954 Cost of Service Analysis 33 City of San Luis Obispo –Water Rate Study  Residential – Tier 1  Residential – Tier 2  Residential – Tier 3  Multi-Family  Non-Residential  Irrigation To develop the commodity distribution factor for each customer class, the usage for each class was divided by the total usage of the system. This produces the percent (proportion) of the system that each class is responsible for and, therefore, their contribution to commodity-related costs. After the responsibility of commodity-related costs have been identified, the total commodity-related costs can be distributed to each customer class tier based on the commodity distribution factor. The final step in developing the average unit commodity costs is to divide the distributed commodity costs for each customer class tier by the total amount of consumption used in determining their fair share of commodity-related costs. This produces an average unit commodity cost on a $/CCF basis. Provided in Table 4 – 3 is a summary of the commodity distribution factor and average unit cost development and is taken from Exhibit 6 in the Water Technical Analysis. Table 4 - 3 Summary of the Commodity Distribution Factor Reference A B C D Calculation D = C / A Consumption (CCF) % of Total Distributed Commodity Costs Unit Cost ($ / CCF) Residential 0 – 5 CCF 573,827 29.7% $1,947,645 $3.39 5 – 12 CCF 251,684 13.0% 854,248 3.39 12 + CCF 85,716 4.4% 290,931 3.39 Residential Total 911,227 $3,092,823 Multi-Family 395,029 20.4% $1,340,781 $3.39 Non-Residential 448,770 23.2% 1,523,183 3.39 Irrigation 178,222 9.2% 604,909 3.39 Total 1,933,248 $6,561,696 As can be seen, the development of the commodity distribution factor is straightforward and based on metered consumption. As an example, consumption in tier 1 of the residential class of service represents 29.7% of the total consumption on the system. As a result, 29.7% of the total commodity related costs ($3.1 million in total) is distributed to tier 1 of the residential customers which is approximately $1.9 million. The total commodity-related costs in Column C are taken Page 341 of 954 Cost of Service Analysis 34 City of San Luis Obispo –Water Rate Study from Table 4 – 2. This approach then is used for each of the customer classes of service for each rate component and pricing tier. Finally, to develop the average unit cost for each component, the distributed costs in column C are divided by the consumption volumes shown in column A. The average unit costs are stated in $ / CCF. 4.9.2 Capacity Distribution Factor The capacity distribution factor utilizes the same customer classes of service as the commodity distribution factor. Whereas commodity costs are related to the volume of water consumed by each class of service by consumption tier, capacity is related to how the class uses that water in each tier. Customers use water in different ways and at different times, thus creating different usage patterns and resulting in different peaking factors. These usage patterns drive how the City must size the system to meet the peak demands of customers, regardless of when they occur. To determine the distribution by rate component, peaking factors needed to be developed for each customer class and tier. The peaking factors for each class of service and tier must be reasonably estimated due to a lack of specific metered data related to peak day usage by individual customer or class of service. The method used to estimate a class’s peaking factor is to review the average monthly volume of water consumed and compare it to the maximum monthly usage of water. By dividing the maximum month by the average month, a reasonable surrogate for a peak day peaking factor is calculated. This factor also provides a seasonal surrogate for the difference between the average use and peak day use in each rate component. For example, if a customer used 10 CCF per month on average and in the peak month 15 CCF was used, the peaking factor would be 1.50 (15.0 / 10.0 = 1.50). In this example, the peaking factor is stating that the maximum usage in a month is 1.50 times higher than the average usage per month. Using this same calculation for each customer class rate and tier, the distribution factor for capacity can be developed. Table 4 – 4 provides a summary of the capacity distribution factor for each customer class and is taken from Exhibit 7 in the Water Technical Analysis. Page 342 of 954 Cost of Service Analysis 35 City of San Luis Obispo –Water Rate Study Table 4 - 4 Summary of the Capacity Distribution Factor Reference A B C D E F G Calculation C = A × B G = E / F Average Use (MGD) Peaking Factors Peak Day Use (MGD) % of Total Distributed Capacity Costs 2022-23 Consumption (CCF) Unit Cost (CCF) Residential 0 – 5 CCF 1.35 1.31 1.77 23.5% $2,609,349 573,827 $4.55 5 – 12 CCF 0.59 1.66 0.98 13.0% 1,450,250 251,684 5.76 12 + CCF 0.20 3.57 0.72 9.5% 1,062,207 85,716 12.39 Res Total 2.15 3.48 $5,121,806 911,227 Multi-Family 0.93 1.59 1.48 19.6% $2,180,249 395,029 $5.52 Non-Residential 1.06 1.74 1.84 24.4% 2,710,519 448,770 6.04 Irrigation 0.42 1.80 0.75 10.0% 1,111,777 178,222 6.24 Total 4.56 7.55 $11,124,350 1,933,248 Table 4 – 4 provides the development of the capacity distribution factor. Like that of the commodity cost distribution to the tiers or seasons, the capacity-related costs are distributed in the same manner. For example, 23.5% of the total capacity costs are distributed to tier 1 of the residential customers based on column D in Table 4 - 4. That translates to a cost distribution to tier 1 residential of approximately $2.6 million. This cost, when divided by the corresponding first tier consumption results in an average unit cost for capacity of $4.55 / CCF. As can be seen in Table 4 - 4, the average unit costs for capacity vary by customer class of service and tier based upon the respective demands placed on the system by each class and/or tier. Combining the calculated average unit costs from the commodity and capacity distribution factors provides the cost-basis of the consumption rate component. Table 4 – 5 below, shows the summation of the costs for each class and tier. This table sums the costs from Table 4 – 3 column D and Table 4 – 4 column G, along with the other additional costs. Page 343 of 954 Cost of Service Analysis 36 City of San Luis Obispo –Water Rate Study Table 4 - 5 Summary of the Rate Component Cost Basis Reference A B C D E Commodity Costs ($ / CCF) Capacity Costs ($ / CCF) Other Costs ($ / CCF) [2] Total Average Unit Cost ($ / CCF) Differential ($ / CCF) Residential 0 – 5 CCF $3.39 $4.55 $0.00 $7.94 5 – 12 CCF 3.39 5.76 0.00 9.16 $1.21 12 + CCF 3.39 12.39 0.00 15.79 $6.63 Multi-Family $3.39 $5.52 $0.00 $8.91 Non-Residential $3.39 $6.04 $0.00 $9.43 Irrigation $3.39 $6.24 $0.00 $9.63 The results shown in Table 4 – 5 above provide the cost-basis for the City’s consumption charges for the proposed rates. The analysis and average unit costs shown above have been developed to comply with the proportionality requirements of Proposition 218 when developing cost-based water rates. The final average unit cost development is the customer-related costs which are used to establish the monthly fixed meter charge which varies by meter size. A similar exercise as conducted above for the consumption components was completed for the customer costs. The total customer costs were divided by the number of equivalent meters on the system. An equivalent meter uses the capacity ratio of a 5/8-inch meter to the capacity of larger meter sizes to determine the pricing for each meter size. In this way the meter charge reflects the equitable proportion of fixed costs on the system based on the capacity demands the customer can place on the system based on the size of the meter. Shown below in Table 4 – 6 is a summary of the fixed meter charge unit cost development which is taken from Exhibits 15 and 17 from the Water Technical Analysis. Table 4 - 6 Summary of the Fixed Meter Charge Cost Basis Cost Component Rate Calculation Total Customer Costs $7,118,504 # of Equivalent Meters 21,070 Average Unit Cost ($ / equivalent meter / month) – ¾” & Less $28.15 Page 344 of 954 Cost of Service Analysis 37 City of San Luis Obispo –Water Rate Study 4.10 Summary Results of the Cost of Service Analysis In summary form, the cost of service analysis began by functionalizing the City’s revenue requirement for FY 2023-24, which is the first year of the rate setting period. The functionalized revenue requirement was then allocated into the appropriate cost components based on industry standard cost of service methodologies. The individual allocated totals were then proportionally distributed to the customer classes of service based on the appropriate distribution factors. The distributed expenses for each customer class were then aggregated to determine each customer class’s overall revenue responsibility (i.e., cost to provide service). Provided below in Table 4 - 7 is the summary results of the City’s water cost of service analysis and is found in Exhibit 16 in the Water Technical Appendix. Table 4 - 7 Summary of the Water Cost of Service Analysis ($000) Class of Service Present Rate Revenues Distributed Costs $ Difference % Difference Residential $11,042 $12,602 ($1,560) 14.1% Multi-Family 3,879 4,399 (521) 13.4% Non-Residential 5,450 5,702 (252) 4.6% Irrigation 2,491 2,102 389 -15.6% Total $22,861 $24,805 ($1,943) 8.5% The cost of service study proportionally distributed the operating and capital costs for FY 2023- 24 to each customer class with their respective benefit received from and burdens placed on the water system (proportional distribution) based on the service requirements. The results of the analysis show that cost differences exist between the customer classes of service. Specifically, the rates for residential and multi-family can be increased greater than the system average (i.e., 8.5%), the non-residential rates can increase slightly lower than the system average, and irrigation rates can be decreased. These results, and change in rate required, is primarily the result of changing consumption characteristics since the prior cost of service study. It is important to understand that a cost of service analysis is based on one year’s O&M expense data and projected customer usage information, which can change from study to study. The analysis can be impacted by several variables such as budget structure changes or a change in consumption characteristics. Given this, the results of the cost of service analysis may change from year to year. As the City continues to monitor water rates and cost of service results through future studies, future cost of service adjustments may be necessary to reflect changes in costs and consumption patterns at that time. 4.11 Consultant’s Conclusions and Recommendations While cost differences exist, the overall allocation of costs between customers appears to be reasonable and reflect the impacts each customer class of service places on the system. However, given the requirements of Article XIII D, section 6, the results of the cost of service are used to Page 345 of 954 Cost of Service Analysis 38 City of San Luis Obispo –Water Rate Study establish the proposed rate designs for each of the City’s water customer classes of service. More specifically, it is recommended that the unit costs derived from the cost of service results be utilized as the basis for the rate design for each water customer class in Section 5. 4.12 Summary of the Cost of Service Analysis This section of the report has provided the recommendations resulting from the cost of service analysis developed for the City’s water utility. This analysis was prepared using generally accepted cost of service techniques as provided in the AWWA M1 Manual to meet the proportionality requirements of Proposition 218. The Technical Appendix shows the detail of the cost of service analysis in Exhibits 6 – 17. The following section of the report will provide a summary of the present and proposed rates for the City’s water utility. Page 346 of 954 Rate Design Analysis 39 City of San Luis Obispo – Water Rate Study 5 Development of the Rate Designs The final step of the City’s comprehensive water rate study is the design of proposed rates to collect the appropriate levels of revenues, based on the results of both the revenue requirement and the cost of service analyses. In developing the City’s proposed water rates, consideration is given to the level of the rates as well as the structure of the rates. The level of rates reflects the amount of revenues that should be collected while the structure of the rates is how it is collected (i.e., component charges) from the customers. The overall revenue level for the City’s has been established in the revenue requirement analysis (Section 3) while the proportional distribution of costs between the customer classes has been developed in the cost of service analysis (Section 4) which provides the revenue levels to be collected from each class of service based on cost causation and the average unit costs for each rate component. 5.1 Rate Design Criteria and Considerations Prudent rate administration dictates that several criteria must be considered when setting utility rates. Some of these rate design criteria are listed below:  Rates which are easy to understand from the customer’s perspective  Rates which are easy for the City to administer  Consideration of the customer’s ability to pay  Cost-based and proportional  Continuity, over time, of the rate making philosophy  Policy considerations (encourage efficient use, economic development, etc.)  Provide revenue stability from month to month and year to year  Promote efficient allocation of the resource  Equitable and non-discriminatory (cost-based)  Legally Defensible (Proposition 218 compliant) It is important that the City provide its water customers with the proper and accurate price signal as to what their consumption and peaking (demand) requirements are costing. This goal may be approached through both rate level and structure. When developing the proposed rate designs, all the above listed criteria were taken into consideration. However, it should be noted that it is difficult - if not impossible - to design a rate that meets all the goals and objectives listed above. A good example of this is that it may be difficult to design a rate that takes into consideration the customer’s ability to pay while also being cost-based. In designing rates, there are always trade- offs between these various goals and objectives. 5.2 Overview of the Proposed Rate Structures In discussion with City staff several of the above goals and objectives were highlighted as key elements to be included within the proposed rate structure. These were: Page 347 of 954 Rate Design Analysis 40 City of San Luis Obispo – Water Rate Study  Proportional, and cost-based  Revenue stability The first goal was to provide the cost-basis, or justification, for the proposed rates to reflect the legal rate setting requirements in California. This was accomplished through the development of the cost of service analysis using industry standard approaches (AWWA M1 Manual). The cost of service analysis provided the proportional distribution of costs to the classes of service and tiers, and then provided the average unit costs for purposes of final proposed rates. The second goal was to maintain the revenue stability of the current rate structure. This was incorporated into the proposed rates by reviewing the level of revenues collected through the monthly fixed meter charge and the consumption charge. In other words, the ratio of fixed revenue collected through the proposed rates would be based the results of the cost of service analysis and maintain a level of revenue stability as similar as possible to the current rate structure. 5.3 Summary of the Present and Proposed Water Rates The proposed rates for the City’s water utility were designed to meet the total system revenue needs discussed in Section 3 and reflect the cost of service results, including the average unit cost development, shown in Section 4. The proposed water rates have been developed for each customer class of service based on the development of the pricing through the cost of service analysis and specifically the average unit costs. 5.3.1 Review of the Present and Proposed Residential Water Rates The City’s proposed residential customers’ rate structure maintains the current structure. The consumption tiers were reviewed as part of the Study and discussed in Section 4.8.1. The proposed rate structure consists of a monthly fixed charge and a consumption charge which is a three-tiered increasing block rate structure. Provided below in Table 5 - 1 is a summary of the present and proposed water rates for the City’s residential customers. Table 5 - 1 Summary of the Monthly Single-Family Water Rates Present Rate FY 2023-24 FY 2024-25 $ / Acct / Month Fixed Charge $24.12 $28.15 $30.25 Consumption Charge $ / CCF 0 – 5 CCF $6.90 $7.94 $8.54 5 – 12 CCF 8.04 9.16 9.84 12 + CCF 14.74 15.79 16.97 Page 348 of 954 Rate Design Analysis 41 City of San Luis Obispo – Water Rate Study The proposed rates in Table 5 – 1 for FY 2023-24 show the fixed charge for all customers based on the results of the average unit costs developed in the cost of service and previously summarized in Table 4 - 6. Also shown in the table are the proposed tiered rates for FY 2023-24 which is taken directly from column D in Table 4 – 5, or the calculated average unit costs from the cost of service analysis. 5.3.2 Review of the Present and Proposed Multi-Family Water Rates For multi-family customers, the existing rate structure is also maintained. Multi-family has the same fixed charge for as residential customers for a ¾” and Less but then it is ratioed by meter size based on the AWWA meter ratios for the larger meters. For multi-family, the proposed consumption charge is a uniform rate structure. The consumption charge was determined through the cost of service process whereby costs were distributed to the consumption charge based on the consumption characteristics for the multi-family customers (See Table 4 – 5). Table 5 – 2 provides a summary of the present and proposed multi-family rates. Table 5 - 2 Summary of the Monthly Multi-Family Water Rates Rate Component Present Rate FY 2023-24 FY 2024-25 Fixed Charge $ / Acct / Mth 3/4" & Less $24.12 $28.15 $30.25 1" 40.28 47.00 50.50 1 1/2" 80.38 93.75 100.80 2" 128.61 150.05 161.30 3" 241.31 281.50 302.60 4" 402.24 469.25 504.45 6" 804.30 938.25 1,008.60 8" 1,286.92 1,501.25 1,613.85 Consumption Charge $ / CCF All Use $7.88 $8.91 $9.58 Just as in the residential rates, the multi-family fixed and consumption rates are based on the average unit costs as calculated and developed in the cost of service analysis. The average unit costs for multi-family the fixed charge and consumption charge can be referenced in Table 4 – 6 and Table 4 – 5, respectively. 5.3.3 Review of the Present and Proposed Non-Residential Water Rates Similar to the multi-family rates, the proposed non-residential rates were adjusted to reflect the overall revenue needs from the revenue requirement analysis and the calculated average unit costs from the cost of service analysis. The current rate structure is the same as multi-family with a fixed meter charge based on the size of meter and a uniform consumption charge on a per CCF basis. However, the current and proposed rates for the commercial customers are based on the specific costs distributed in the cost of service analysis for the commercial customer class of Page 349 of 954 Rate Design Analysis 42 City of San Luis Obispo – Water Rate Study service. Presented below in Table 5 - 3 is a summary of the present and proposed non-residential water rates. Table 5 - 3 Summary of the Monthly Non-Residential Water Rates Rate Component Present Rate FY 2023-24 FY 2024-25 Fixed Charge $ / Acct / Mth 3/4" & Less $24.12 $28.15 $30.25 1" 40.28 47.00 50.50 1 1/2" 80.38 93.75 100.80 2" 128.61 150.05 161.30 3" 241.31 281.50 302.60 4" 402.24 469.25 504.45 6" 804.30 938.25 1,008.60 8" 1,286.92 1,501.25 1,613.85 Consumption Charge $ / CCF All Use $9.57 $9.43 $10.14 As can be seen in Table 5 - 3, the commercial consumption charge is a uniform consumption charge. It should also be noted that the proposed fixed charge by meter size is identical as multi- family customers and the consumption charges for FY 2023-24 are based on the average unit costs as developed in the cost of service analysis and previously shown in Table 4-6 and Table 4 - 5 respectively. 5.3.4 Review of the Present and Proposed Irrigation Water Rates A similar approach was developed for the proposed irrigation rates as was used for multi-family and non-residential customer classes. The current irrigation rate structure was maintained with a monthly meter charge on a ¾-inch equivalency and the consumption charge is a uniform rate structure charged per CCF. It is important to note that the cost differences between the irrigation and all the other customers are due to the differing peak demands that are specific to irrigation customers and based on the best available and current data. Irrigation customers have higher peak demands with intermittent water requirements. Given these peak demands, the system must still be sized to provide that level of water availability at all times. Again, the proposed rates for this customer class of service are the direct output of the calculated average unit costs within the cost of service analysis as shown in Table 4 – 5 in column D and Table 4 - 6. Provided below in Table 5 - 4 is a summary of the present and proposed rates for the irrigation customers. Page 350 of 954 Rate Design Analysis 43 City of San Luis Obispo – Water Rate Study Table 5 - 4 Summary of the Monthly Irrigation Water Rates Rate Component Present Rate FY 2023-24 FY 2024-25 Fixed Charge $ / Acct / Mth 3/4" & Less $24.12 $28.15 $30.25 1" 40.28 47.00 50.50 1 1/2" 80.38 93.75 100.80 2" 128.61 150.05 161.30 3" 241.31 281.50 302.60 4" 402.24 469.25 504.45 6" 804.30 938.25 1,008.60 8" 1,286.92 1,501.25 1,613.85 Consumption Charge $ / CCF All Use $11.73 $9.63 $10.35 5.4 Water Rate Study Recommendations Based on the results of the City’s water rate study, HDR recommends the following:  Rate revenues for the City’s water utility should be increased by 8.5% in FY 2023-24 and 7.5% in FY 2024-25  The proposed rates should be implemented to reflect each customer class’s proportional distribution of costs as developed in this Study  The rates are proposed to be implemented and effective each year on July 1  Prior to the implementation of the final proposed rate adjustment the City should complete another comprehensive review of the water rates 5.5 Summary of the Water Rate Study This completes the comprehensive water rate study for the City of San Luis Obispo’s water utility. The Study has provided a comprehensive review and development of proposed water rates for the City. The adoption of the proposed water rates will allow the City to meet their current and projected water system financial obligations for the time period reviewed based on the assumed customer growth, capital plan, and projected increases in operating costs. Should these assumptions change, the proposed rate adjustments may also need to be revised to reflect the changed conditions. Page 351 of 954 Water Technical Appendix Page 352 of 954 R ______ RESOLUTION NO. _____ (2023 SERIES) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, ESTABLISHING THE WATER SERVICE RATES FOR FINANCIAL PLAN 2023-25 WHEREAS, it is the policy of the City of San Luis Obispo to review enterprise fund rates on an ongoing basis and to adjust them as required to ensure that they remain equitable and adequate to fully cover the cost of providing services; and WHEREAS, a comprehensive water rate study was completed in April 2023 by HDR Engineering, Inc. including analysis of Water Fund operating, capital, and debt service needs for fiscal years 2023-24 and 2024-25; and WHEREAS, on May 16, 2023, the City Council reviewed preliminary water rates based on updated revenue and expenditure information necessary to meet system operating, capital, and debt service requirements; and WHEREAS, 27,175 notices regarding the proposed rates were sent out in April 2023 in compliance with Proposition 218 requirements; and WHEREAS, a public hearing was properly noticed and held on June 6, 2023; and WHEREAS, a majority protest, as contemplated by Article XIII D of the California Constitution, was not received by the conclusion of the public hearing. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo as follows: SECTION 1. Water Rates and Water System Access Charges. The water rates and water system access charges set forth in Exhibit A are hereby adopted, establishing water rates and water system access charges effective July 1, 2023 and July 1, 2024. The cost of service does not exceed the proportional cost of services provided to the correspondence customer parcel and the revenues derived from the fees will be used for the provision of water services. SECTION 2. California Environmental Quality Act. Modification of rates and charges by public agencies is statutorily exempt from the California Environmental Quality Act (CEQA) under Public Resources Code 21083 and 21080(b)(8) and State CEQA Guidelines Section 15273 (Rates, Tolls, Fares, and Charges) because the change in rates and charges is for the purpose of: a) Meeting operating expenses; b) Purchasing or leasing supplies, equipment, or materials; c) Meeting financial reserve needs and requirements; d) Obtaining funds for capital projects necessary to maintain se rvice within existing service areas; and Page 353 of 954 Resolution No. _____ (2023 Series) Page 2 R ______ e) Obtaining funds necessary to maintain such intra -city transfers as authorized by City Charter. The change in fees is not intended to fund expansion of capital projects not otherwise evaluated under CEQA. Therefore, no environmental review is required for this item. SECTION 3. Resolution No. 11257 (2021 Series) is hereby rescinded effective 11:59 p.m. June 30, 2023. Upon motion of Council Member ___________, seconded by Council Member ___________, and on the following roll call vote: AYES: NOES: ABSENT: The foregoing resolution was adopted this _____ day of _______________ 20 23. ___________________________ Mayor Erica A. Stewart ATTEST: ______________________ Teresa Purrington City Clerk APPROVED AS TO FORM: ______________________ J. Christine Dietrick City Attorney IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Luis Obispo, California, on ______________________. ___________________________ Teresa Purrington City Clerk Page 354 of 954 Resolution No. _____ (2023 Series) Page 3 R ______ EXHIBIT A: 2023-25 WATER RATES Usage (per unit cost) Proposed Rates Effective July 1, 2023 Proposed Rates Effective July 1, 2024 Single Family Residential Tier 1: 0 to 5 units $7.94 $8.54 Single Family Residential Tier 2: 6 to 12 units $9.16 $9.84 Single Family Residential Tier 3: 13+ units $15.79 $16.97 Multi-Family $8.91 $9.58 Non-Residential $9.43 $10.14 Landscape Irrigation $9.63 $10.35 Base Fees Proposed Rates Effective July 1, 2023 Proposed Rates Effective July 1, 2024 Single Family Residential Monthly Base Fee $28.15 $30.25 Multi-Family, Non-Residential, and Landscape Irrigation by Water Meter Size 0.75-inch or less meter $28.15 $30.25 1-inch meter $47.00 $50.50 1.5-inch meter $93.75 $100.80 2-inch meter $150.05 $161.30 3-inch meter $281.50 $302.60 4-inch meter $469.25 $504.45 6-inch meter $938.25 $1,008.60 8-inch meter $1,501.25 $1,613.85 Water System Access Charge $100.93 $108.50 Page 355 of 954 Page 356 of 954 879 Morro Street, San Luis Obispo, CA 93401 The protest form provided below is your official protest form. This form can be mailed or personally delivered to the City of San Luis Obispo, City Clerk Office, 990 Palm Street, San Luis Obispo, CA 93401, or personally delivered to the City Clerk at the noticed hearing prior to close of the hearing. For owners of multiple properties, additional protest forms are available at the City Clerk Office. If the City timely receives (prior to close of the noticed public hearing) written protests to the proposed rates or rate in excess of 50 percent of the parcels receiving water and/or sewer services from the City, City Council will not adopt the proposed rates or rate. Only one protest per parcel will be counted. Mailed or delivered protests received after the close of the noticed public hearing are not valid and won’t be counted, even if postmarked prior to the date of the noticed hearing. 1. Only the property owner on record of a parcel subject to the proposed rate increase or any tenant directly liable for payment of water and sewer service fees (i.e. customer of record) may protest the proposed rate increases. 2. The protest must be in writing. 3. The protest must be submitted to and received by the City Clerk prior to the close of the public hearing that is the subject of this Notice that will begin at 5:30 p.m. on Tuesday, June 6, 2023. Written protests must be mailed or personally delivered to the City of San Luis Obispo, City Clerk Office, 990 Palm Street, San Luis Obispo, CA 93401, or personally delivered to the City Clerk at the noticed hearing prior to close of the hearing. Protests submitted orally or by email, fax, or text will not be valid and will not be counted. 4. The written protest must state that the signer opposes the proposed increase in water rates, sewer rates, or both. If a written protest form is used, the box(es) identifying that you are protesting the water and/or sewer rates must be checked. 5. The written protest must contain the service address. 6. The protest must be signed by either the account holder or the property owner of the service address. Para acceder este aviso en español, por favor visite www.slocity.org/waterandsewerrates. FOR PROPOSED RATE INCREASES FOR WATER AND SEWER SERVICES This notice is provided to all property owners and customers who currently receive water and sewer services from the City of San Luis Obispo. The San Luis Obispo City Council will be holding public hearings to consider proposed increases to water and sewer rates as further described in this notice. The hearings will be held on: DATE: June 6, 2023 TIME: 5:30 PM PLACE: City of San Luis Obispo, Council Chambers 990 Palm Street, San Luis Obispo, CA 93401 The public hearings will cover proposed rate increases over two years (one increase to take effect from July 1, 2023 to June 30, 2024, and one increase to take effect from July 1, 2024 to June 30, 2025) for water and sewer services provided to users by the City of San Luis Obispo. If adopted, the proposed rate increases will become effective on July 1, 2023 and on July 1, 2024, respectively. In November 1996, California voters approved Proposition 218, which added Article XIII D to the California Constitution to regulate the imposition of assessments, fees, and charges imposed by local governments. As a result, California agencies must comply with the requirements of California Constitution Article XIII D when setting utility rates. One provision requires an agency to hold a noticed public hearing on proposed utility rate increases, to be held not less than 45 days after notice of the hearing is mailed to each recorded owner of each identified parcel upon which the proposed rates will be imposed, and that rates not be increased if a majority of affected parcels protest the proposed increased rates in writing. Please see the last page of this notice regarding the protest process. The City’s records indicate that you are an account holder and/or owner of a parcel receiving water and sewer services from the City of San Luis Obispo. As an account holder and/or owner of an identified parcel, you have the right to participate in the City’s rate setting process and, if you choose, to submit a written protest to the proposed increase(s) in rates. The City’s water and sewer operations rely on rate revenue to pay for operation, maintenance, and replacement of public water and sewer infrastructure, and debt service. General funds (such as property tax or sales tax) do not support these essential services. Rates for both water and sewer service support maintaining and replacing critical infrastructure, meeting public health regulations, and purchasing and maintaining necessary equipment. Water rates pay for all costs associated with bringing water from surface water reservoirs to the City’s water treatment plant and distributing drinking water to approximately 16,400 service connections. Sewer rates pay for all costs associated with the conveyance of wastewater from each connection to the Water Resource Recovery Facility where the wastewater is treated and valuable resources, such as energy, recycled water, and compost are recovered. Pursuant to California Constitution Article XIII D, the City may not collect more revenue from water and sewer charges than is necessary to recover the costs of providing water and sewer services, and may not use collected revenues for any purpose other than that for which the fee or charge was imposed. Proposed Water and/or Sewer Rate Protest Form Name (please print): _______________________ Date: ____________ Service Address (please print): ______________________________________________ □ I am protesting the proposed Sewer Rate (check the box) □ I am protesting the proposed Water Rate (check the box) ______________________________ □ Property Owner □ Account Holder Signature This Notice of Public Hearing provides information about proposed increases to the City’s water and sewer rates pursuant to the requirements of California Constitution Article XIII (commonly referred to as Proposition 218). This Notice provides information on (1) the amount of the proposed rates to be imposed, (2) the reasons for the rate adjustments, (3) how water and sewer rates are calculated, (4) how customers can receive more information on the effect of the proposed changes to their water and sewer bills, and (5) how to file a protest against the proposed rate increases. Para acceder este aviso en español, por favor visite www.slocity.org/waterandsewerrates. Page 357 of 954 1. One Unit = 748 gallons 2. Current rates effective July 1, 2022 1. One Unit = 748 gallons 2. Current rates effective July 1, 2022 3. Water System Access Charge applies where the city provides fire protection only to businesses that utilize a private well for domestic purposes The proposed water and sewer rate structures recognize different customer classes and their proportionate costs associated with the system. To derive the proportionality, the City completed a comprehensive Cost of Services Study in 2023. Based on the analysis, the water rates are proposed to increase revenues by 8.5 percent in 2023-24 and 7.5 percent in 2024-25. The sewer rates are proposed to increase revenues by 4 percent in both 2023-24 and 2024-25. If approved, the proposed water and sewer rates would become effective on July 1 of each fiscal year. Proposed increases for specific customer classes are shown in the tables below. While most operations have not changed substantially, cost of commodities and support services related to water and sewer services have increased significantly over the past two years. Some of the primary drivers of increased costs of operations are: xIncrease in construction costs for replacement of utility assets like aging water and wastewater pipelines and treatment plants xIncrease in electricity costs related to the treatment and conveyance of water and wastewater xCost of salaries and benefits to remain competitive in the recruitment and retention of qualified and licensed personnel xIncrease in chemical costs for the treatment of water and wastewater These costs are essential for high quality water and wastewater services that are compliant with State and Federal regulations. Usage (per unit cost) Current Rates Proposed Rates Effective July 1, 2023 Proposed Rates Effective July 1, 2024 Single Family Residential Tier 1: 0 to 5 units $6.90 $7.94 $8.54 Tier 2: 6 to 12 units $8.04 $9.16 $9.84 Tier 3: 13+ units $14.74 $15.79 $16.97 Multi-Family, Non-Residential, and Landscape Irrigation Multi-Family $7.88 $8.91 $9.58 Non-Residential $9.57 $9.43 $10.14 Landscape Irrigation $11.73 $9.63 $10.35 Base Fees Current Rates Proposed Rates Effective July 1, 2023 Proposed Rates Effective July 1, 2024 Single-Family Residential Monthly Base Fee $24.12 $28.15 $30.25 Multi-Family, Non-Residential, and Landscape Irrigation by Water Meter Size 0.75-inch or less meter $24.12 $28.15 $30.25 1-inch meter $40.28 $47.00 $50.50 1.5-inch meter $80.38 $93.75 $100.80 2-inch meter $128.61 $150.05 $161.30 3-inch meter $241.31 $281.50 $302.60 4-inch meter $402.24 $469.25 $504.45 6-inch meter $804.30 $938.25 $1,008.60 8-inch meter $1,286.92 $1,501.25 $1,613.85 Water System Access Charge $93.02 $100.93 $108.50 For single-family and multi-family residential customers, a winter water use average is the three-month average of water used during the December, January, and February billing periods. This is also referred to as a “sewer cap” and is the basis of the usage portion of the customer’s monthly sewer charges. For non-residential customers, all “usage” is based on monthly water consumption. For more on how sewer cap is calculated, visit www.slocity.org/ub and click on “Sewer Cap Info”. Usage (per unit cost) Current Rates Proposed Rates Effective July 1, 2023 Proposed RatesEffective July 1, 2024 Single-Family and Multi-Family Residential Per Unit Cost (Up to Sewer Cap) $9.19 $9.44 $9.82 Non-Residential Per Unit Costs (for All Water Consumption) $9.19 $9.88 $10.27 Base Fees Current Rates Proposed Rates Effective July 1, 2023 Proposed Rates Effective July 1, 2024 Single-Family Residential Monthly Base Fee $21.89 $23.58 $24.52 Multi-Family and Non-Residential by Water Meter Size 0.75-inch or less meter $21.89 $23.58 $24.52 1-inch meter $36.55 $39.37 $40.95 1.5-inch meter $72.86 $78.51 $81.65 2-inch meter $116.63 $125.67 $130.70 3-inch meter $218.83 $235.78 $245.21 4-inch meter $364.78 $393.04 $408.76 6-inch meter $729.34 $785.85 $817.28 8-inch meter $1,166.99 $1,257.40 $1,307.70 10-inch meter $1,677.72 $1,807.71 $1,880.02 Under the proposed rate changes, a typical single-family home using six units of water per month can expect the water portion of their monthly bill to increase from $66.66 to $77.01 in July 2023, and to $82.79 in July 2024. A typical single family home with a sewer cap of five units can expect the sewer portion of their monthly bill to increase from $67.84 to $70.78 in July 2023, and to $73.62 in July 2024. For information on financial assistance programs, please visit https://www.slocity.org/cap. To calculate how the proposed water and sewer rates affect your bill, visit www.slocity.org/waterservice and click on “Calculate My Bill”. If you keep your monthly water and sewer bill, you can look back at the units of water used and your residential sewer cap to determine how the proposed rate will impact your bill. Look up your bill online by logging into your online payment portal at www.slocity.org/paywaterbill. Please call the City of San Luis Obispo Utilities Department at 805-781-7133 for assistance.Average Monthly Residential Bill Current Rates Proposed Rates Effective July 1, 2023 Proposed RatesEffective July 1, 2024 Water (base fee + six units) $66.66 $77.01 $82.79 Sewer (base fee + five units) $67.84 $70.78 $73.62 Total Monthly Bill $134.50 $147.79 $156.41 2 1 1 2 3 Page 358 of 954 1010 Marsh St., San Luis C (805) 546-8208 . FAX (£ PROOF OF PUBLICATION (2015.5 C.C.P.) STATE OF CALIFORNIA, County of San Luis Obispo, I am a citizen of the United States and a resident of the county aforesaid; I am over the age of eighteen years, and not a party interested in the above entitled matter. I am the principal clerk of the printer of the New Times, a newspaper of general circulation, printed and published weekly in the City of San Luis Obispo, County of San Luis Obispo, and which has been adjudged a newspaper of general circulation by the Superior Court of the County of San Luis Obispo, State of California, under the date of February 5,1993, Case number CV72789: that notice of which the annexed is a printed copy (set in type not smaller than nonpareil), has been published in each regular and entire issue of said newspaper and not in any supplement thereof on the following dates, to -wit: (t in the year 2023. I certify (or declare) under the the penalty of perjury that the foregoing is true and correct. Dated at San Luis Obispo ,�Calif _oK�ia, this day Zj of , 2023. n u Patricia Horton, New Times Legals Prool SAN LUIS OBISPO CITY COUNCIL NOTICE OF PUBLIC HEARING The San Luis Obispo City Council invites all interested persons to participate in a public meeting on Tuesday, June 6, 2023, at 530 p.m. in the Council Chambers at City Hall, 990 Palm Street San Luis Obispo. Meetings can be viewed on Government Access Channel 20 or streamed live from the City's YouTube Channel at httoJiyoutube.slu.ciri. Public comment prior to the start of the meeting, may be submitted in writing via U.S. Mail delivered to the City Clerk's office at 990 Palm Street San Luis Obispo, CA 93401 or by email to emailcouncil®slocity ore PUBLIC HEARING ITEM: • 2023-24 AND 2024-25 WATER RATE ADOPTION A public hearing to consider adopting a Resolution armed, "A Resolution of the Council of the City of Son Luis Obispo, California, establishing Water Rates for Fiscal Years 2023-24 and 2024-25." On April 17, 2023, all property owners and customers of record will be mailed a notice of the proposed rate, including the amount, the basis for calculation, the reason for the rate, and a form to protest the proposed water rates, as required under Proposition 218. Signed protests must be received by the City Clerk, 990 Palm Street San Luis Obispo CA 93401, at or before the done of the protest hearing (June 6, 2023 at 5.30 p.m.l. For more information, please contact the Cdy's Utilities Department at f805) 781-7133 or by email atub@slocity.org. • 202344 AND M4-25 SEWER RATE ADOPTION A public hearing to consider adopting a Resolution entitled, "A Resolution of the Council of the City of San Luis Obispo, California, establishing Sewer Rates for Fiscal Years 2023-24 and 2024-25." On April 17, 2023, all property owners and customers of record will be mailed a notice of the proposed rate, including the amount the basis for calculation, the reason for the rate, and a form to protest the proposed sewer rates, as required under Proposition 218. Signed protests must be received by the City Clerk, 990 Palm Street San Luis Obispo CA 93401, at or before the time of the protest hearing (June 6, 2023 at 5:30 p.m.l. For more information, please contact the Cify's Utilities Department at (8051781-7133 or by email atub®slocityorg. The City Council may also discuss other hearings or business items before or after the items listed above. If you challenge the proposed action in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice, or in written correspondence delivered to the CityCouncil at or priorto, the public hearing. Council Agenda Reports for this meeting will be available for review one week in advance of the meeting date on the Citys website, under the Public Meeting Agendas web page: httos'llvaww slocily ore/ government/mavor-and-city-counciUaeendas-and- minutes. Please call the City Clerk's Office at(805)781- 7114 for more information. The City Council meeting will be televised live on Charter Cable Channel 20 and live streaming on the City's YouTube channel hW youtube slc city. Teresa Purrington City Clerk Cfry of San Luis Obispo April 13, 2023 1010 Marsh St., San Luis Ok (805) 546-8208 . FAX (8l PROOF OF PUBLICATION (2015.5 C.C.P.) STATE OF CALIFORNIA, County of San Luis Obispo, I am a citizen of the United States and a resident of the county aforesaid; I am over the age of eighteen years, and not a party interested in the above entitled matter. I am the principal clerk of the printer of the New Times, a newspaper of general circulation, printed and published weekly in the City of San Luis Obispo, County of San Luis Obispo, and which has been adjudged a newspaper of general circulation by the Superior Court of the County of San Luis Obispo, State of California, under the date of February 5, 1993, Case number CV72789: that notice of which the annexed is a printed copy (set in type not smaller than nonpareil), has been published in each regular and entire issue of said newspaper and not in any supplement thereof on the following dates, to -wit: in the year 2023, I certify (or declare) under the the penalty of perjury that the foregoing is true and correct. Dated at San Luis Obispo, CAmdor ia, this day 1%14 222 �_of/ 1 2023. Patricia Horton, New Times Legals Proof SAN LUIS OBISPO CITY COUNCIL NOTICE Of PUBLIC HEARING The San Luis Obispo City Council invites all interested persons to participate in a public meeting on Tuesday, June 6, 2023, at 5:30 p.m. in the Council Chambers at City Hall, 990 Palm Street San Luis Obispo. Meetings can be viewed on Government Access Channel 20 or streamed live from the City's YouTube Channel at hhap:llvoutuhe.slo.ciw. Public comment prior to the start of the meeting, may be submitted in writing. via U.S. Mail delivered to the City Clerk's office at 990 Palm Street San Luis Obispo, CA 93401 or by email to emailcouncil®slocitvorg. • 2OM-24 AND 2024.25 WATER RATE ADOPTION A public hearing to consider adopting a Resolution entitled, "A Resolution of the Council of the City of San Luis Obispo, California, establishing Water Rates for Fiscal Years 2023-24 and 2024-25." On April 17, 2023, all property owners and customers of record will be mailed a notice of the proposed rate, including the amount the basis for calculation, the reason for the rate, and a form to protest the proposed water rates, as required under Proposition 218. Signed protests must be received by the City Clerk, 990 Palm Street San Luis Obispo CA 93401, at or before the time of the protest hearing (June 6, 2023 at 5:30 p.m.). For more information, please contact the City's Utilities Department at (805) 781-7133 or by email at ub®slocityarg. • 2023.24 AND 2024.25 SEWER RATE ADOPTION A public hearing to consider adopting a Resolution emitted, "A Resolution of the Council of the City of San Luis Obispo, California, establishing Sewer Rates for Fiscal Years 2023-24 and 2024-25." On April 17, 2023, all property owners and customers of record will be mailed a notice of the proposed ram, including the amount the basis for calculation, the reason for the rate, and a form to protest the proposed sewer rates, as required under Proposition 218. Signed protests must be received by the City Clerk, 990 Palm Street San Luis Obispo CA 93401, at or before the time of the protest hearing (June 6, 2023 at 5:30 p.m.). For more information, please contact the Cdys UVIntes Department at (805) 781-7133 or by email atub@slocity.org. The City Council may also discuss other hearings or business items before or after the items listed above. If you challenge the proposed action in court you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice, or in written correspondence delivered to the City Council at or prior to, the public hearing. Council Agenda Reports for this meeting will be available for review one week in advance of the meeting date on the City's website, under the Public Meeting Agendas web page: httur/hwwv.sloc' org( oovernme ntimavor-and-city-c o u n c illa ge ndas-and- minutes. Please call the CityClerk's Office at(805) 781- 7114 for more information. The City Council meeting will be televised live on Charter Cable Channel 20 and live streaming on the City's YouTube channel Ifs voutube.slo.city. Teresa Purrington City Clerk City of San Luis Obispo May 25, 2023 Public Hearing for Proposed Water and Sewer Rates Legal Requirements Questions Timeline Protest Count Rate Setting City Council Presentation –June 6, 2023 Public Hearing for Proposed Water and Sewer Rates Proposition 218 Other Requirements Main Point:Proposed rates were developed to be compliant with Prop 218, the City Municipal Code, the City Charter, and the City’s Financial Plan. Legal notification 45 days prior to public hearing 27,175 notices mailed Rates shall not be increased if a majority of affected parcels protest the increase 50% +1 16,528 active water accounts (8,265 for a successful protest) 15,987 active sewer accounts (7,994 for a successful protest) Rates must be established based on proportional cost of providing services Legal Requirements Questions Timeline Protest Count Rate Setting Public Hearing for Proposed Water and Sewer Rates Proposition 218 Other Requirements Main Point:Proposed rates were developed to be compliant with Prop 218, the City Municipal Code, the City Charter, and the City’s Financial Plan. City Council Rate Structure Goal Prioritization City Council Water and Wastewater Rate Structure Study Session August 15, 2017 1 Revenue Stability and Predictability 2 Discourage Wasteful Use 3 Stability and Predictability of Rates 4 Fair Allocation of Total Costs of Service Among Customer Classes 5 Reflect all Present and Future Costs Questions Timeline Protest Count Rate Setting Legal Requirements Public Hearing for Proposed Water and Sewer Rates Revenue Requirements Cost of Service Rate Design Main Point:The Rate Revenue Requirement Study determines how much additional rate revenues are needed to support operating and capital expenses. Fiscal Year Water Revenue Requirement Sewer Revenue Requirement 2023-24 Proposed +8.5%+4.0% 2024-25 Proposed +7.5%+4.0% 2025-26 Forecasted +7.5%+4.0% 2026-27 Forecasted +4.5%+4.0% 2027-28 Forecasted +4.5%+3.5% Legal Requirements Questions Timeline Protest Count Rate Setting Public Hearing for Proposed Water and Sewer Rates Revenue Requirements Cost of Service Rate Design Main Point:The cost of service study takes water and sewer use characteristics of different customer classes to establish the cost of delivering services to those customers. +14.13% +13.41% +4.62% -15.62% $(2,000) $- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 Residential Multi-Family Non-Residential Irrigation Water Cost of Service (in thousands) Revenues vs Distributed Costs (FY23-24 forecast) Revenues Distributed Costs +3.66% +4.61% +4.22% $- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 Residential Multi-Family Non-Residential Sewer Cost of Service (in thousands) Revenues vs Distributed Costs (FY23-24 forecast) Revenues Distributed Costs Legal Requirements Questions Timeline Protest Count Rate Setting Public Hearing for Proposed Water and Sewer Rates Revenue Requirements Cost of Service Rate Design Main Point:The rate design considers legal requirements, findings from revenue requirement and cost of service analyses, and organizational goals to determine a rate structure. Based on the results of the rate analysis, the rate structure is proposed to remain the same, but be adjusted to meet revenue needs and proportionality requirements. Average Monthly Residential Bill Current Rate Proposed Rate Effective July 1, 2023 Proposed Rate Effective July 1, 2024 Water (base fee + 6 units) $66.66 $77.01 $82.79 Sewer (base fee + 5 units) $67.84 $70.78 $73.62 Total Monthly Bill $134.50 $147.79 $156.41 Legal Requirements Questions Timeline Protest Count Rate Setting Public Hearing for Proposed Water and Sewer Rates October 2022 April 2023 May 2023 June 2023 1.Comprehensive Water and Sewer Rate Studies begin Legal Requirements Questions Timeline Protest Count Rate Setting Public Hearing for Proposed Water and Sewer Rates October 2022 April 2023 May 2023 June 2023 1.Finalize Comprehensive Water and Sewer Rate Studies 2.Proposition 218 Notices are mailed 3.Strategic Budget Direction Legal Requirements Questions Protest Count Rate Setting Timeline Public Hearing for Proposed Water and Sewer Rates October 2022 April 2023 May 2023 June 2023 1.Social media advertisements 2.Water Supply and Rate Updates presented to Council 3.Community forum on water and sewer rates is conducted 4.Staff is interviewed on local radio stations Legal Requirements Questions Protest Count Rate Setting Timeline Public Hearing for Proposed Water and Sewer Rates October 2022 April 2023 May 2023 June 2023 1.Public Hearing for Proposed Water and Sewer Rates 2.Continued advertisement of the customer assistance programs www.slocity.org/cap Legal Requirements Questions Protest Count Rate Setting Timeline Public Hearing for Proposed Water and Sewer Rates If reservoirs are full, why are rate increases being proposed? Main Point:Unfortunately, increased rainfall does not equate to reduced costs. More than 85% of the costs to provide water and sewer services are fixed. And macroeconomic supply chain issues and inflation have had significant impacts on the cost of delivering water and sewer services. 83%89% 17%11% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 601-Water Fund 602-Sewer Fund FY23-24 Fixed vs Variable Operating Costs Fixed Variable Legal Requirements Questions Timeline Protest Count Rate Setting Public Hearing for Proposed Water and Sewer Rates Why aren’t rates structured to more aggressively penalize excessive water use? Main Point: Proposition 218 requires that rates must not exceed the proportional cost of delivering services. Legal Requirements Timeline Protest Count Rate Setting $36.09 $95.33 $179.34 $- $20.00 $40.00 $60.00 $80.00 $100.00 $120.00 $140.00 $160.00 $180.00 $200.00 $- $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Bill amount$/unitUnits Used FY23-24 Cost Per Unit vs Bill Amount Single Family Residential Cost per unit Total Bill Questions Public Hearing for Proposed Water and Sewer Rates What are driving proposed rate increases? Chemicals Electricity Construction Inflation The Utilities Department estimates that it will spend $300,000 more on chemicals in FY23-24 than FY21-22. Chemical FY21-22 Contract FY22-23 Contract FY23-24 Contract % increase from FY21-22 to FY23-24 Alum $336/ton $450/ton $491/ton 46% Fluoride $1,760/ton $3,211/ton $3,016/ton 71% Sodium Hydroxide $0.76/gallon $1.28/gallon $1.34/gallon 76% Polymer $0.60/lb $0.95/lb $1.06/lb 77% Chlorine $1.19/gallon $1.43/gallon $2.46/gallon 107% Legal Requirements Timeline Protest Count Rate Setting Questions Public Hearing for Proposed Water and Sewer Rates Chemicals Electricity Construction Inflation It is anticipated that electricity will cost Utilities $1.5 million more in FY23-24 than FY21-22. 53%54%56%57% 18%16% 19%20% 27% 28% 23% 22% $2,922,000 $3,353,000 $4,462,000 $4,816,000 FY21-22 FY22-23 FY23-24 FY24-25 Electricity Costs Raw Water Delivery Water Treatment Wastewater Treatment Other What are driving proposed rate increases?Legal Requirements Timeline Protest Count Rate Setting Questions Public Hearing for Proposed Water and Sewer Rates Chemicals Electricity Construction Inflation California Construction Cost Index 7102 CCCI February 2021 9166 CCCI February 2023 29% CCCI % increase from Feb-2021 to Feb-2023 0 50 100 150 200 250 300 2018 2019 2020 2021 2022 December YoY PPI Index Commodity:Plastics sewer, stormdrain, and water main pipe Source:U.S. Bureau of Labor Statistics PPI Detailed report 5-year increase: 149% What are driving proposed rate increases?Legal Requirements Timeline Protest Count Rate Setting Questions Public Hearing for Proposed Water and Sewer Rates Chemicals Electricity Construction Inflation Municipal Cost Index 261.08 MCI January 2021 308.41 MCI January 2023 18% % increase from Jan-2021 to Jan-2023 While it is hard to quantify the effect of general inflation, the MCI is a reasonably good placeholder to estimate the impact of inflation on municipal operations. MCI has increased 18% over two years. What are driving proposed rate increases?Legal Requirements Timeline Protest Count Rate Setting Questions Public Hearing for Proposed Water and Sewer Rates What has the city done to try to reduce rates? Cost Savings Cost Control Financial Assistance Fund Grant Purpose Project Awarded Amounts Sewer SRF Loan Forgiveness WRRF Upgrade $4,000,000 Sewer Flood Protection WRRF Upgrade $2,077,103 Sewer Wastewater Discharge Compliance WRRF Upgrade $1,314,530 Water Energy Resiliency WTP Generator $1,395,000 Water Groundwater Sustainability Plan Sustainable Groundwater Management Act $256,395 Water Groundwater Expansion Groundwater Plume Characterization Study $1,996,575 Water Groundwater Expansion Groundwater Plume Cleanup $5,877,765 Water Self-Generation Incentive Program Tesla Battery Pack $3,202,536 Total $20,119,904 Legal Requirements Timeline Protest Count Rate Setting Questions Public Hearing for Proposed Water and Sewer Rates What has the city done to try to reduce rates? Cost Savings Cost Control Financial Assistance Legal Requirements Timeline Protest Count Rate Setting Cost Control for Rate Payers Energy efficiency efforts to reduce electricity costs. Pursuit of additional grant opportunities. Reduction in the sewer cap default from 8 CCF to 5. Administration of the State COVID-19 Arrearage Program resulting in $373,512 in water and sewer bill relief. Questions Public Hearing for Proposed Water and Sewer Rates What has the city done to try to reduce rates? Cost Savings Cost Control Financial Assistance Customer Assistance Program (CAP) Eligible customers can receive a 15% discount on monthly water and sewer bills. Please visit www.slocity.org/cap Legal Requirements Questions Timeline Protest Count Rate Setting Low Income Household Water Assistance Program (LIHWAP through CAPSLO) Eligible customers can receive one-time assistance when facing imminent disconnection, have been disconnected, or have past due water or wastewater bills. Please visit www.capslo.org/water-assistance/ Public Hearing for Proposed Water and Sewer Rates Questions? Legal Requirements Timeline Protest Count Rate Setting Questions Public Hearing for Proposed Water and Sewer Rates Proposition 218 Official Protest Count Water Rates Mayor 1.Open the Public Hearing 2.Call for any written protests from the public 3.Receive public comments 4.Close the Public Hearing City Clerk 5.Confirm the number of written protests received 6.Confirm the total number of valid protests Council may not adopt the proposed rates if 8,265 valid protests (50% plus 1) are filed. Council 7.Adopt or deny a resolution entitled “A Resolution of the City Council of the City of San Luis Obispo, California, establishing the Water Service Rates for Financial Plan 2023-25” Legal Requirements Questions Timeline Protest Count Rate Setting Public Hearing for Proposed Water and Sewer Rates Proposition 218 Official Protest Count Sewer Rates Mayor 1.Open the Public Hearing 2.Call for any written protests from the public 3.Receive public comments 4.Close the Public Hearing City Clerk 5.Confirm the number of written protests received 6.Confirm the total number of valid protests Council may not adopt the proposed rates if 7,994 valid protests (50% plus 1) are filed. Council 7.Adopt or deny a resolution entitled “A Resolution of the City Council of the City of San Luis Obispo, California, establishing the Sewer Service Rates for Financial Plan 2023-25” Legal Requirements Questions Timeline Rate Setting Protest Count Public Hearing for Proposed Water and Sewer Rates Legal Requirements Questions Timeline Protest Count Rate Setting City Council Presentation –June 6, 2023 Public Hearing for Proposed Water and Sewer Rates Legal Requirements Questions Timeline Protest Count Rate Setting Public Hearing for Proposed Water and Sewer Rates Legal Requirements Questions Timeline Protest Count Rate Setting Public Hearing for Proposed Water and Sewer Rates Opportunities for Future Rate Structure Modifications Staff’s earliest recommendation for reviewing the City’s water and sewer rate structures is FP2025-27. This is because the Utilities Department is anticipating operational changes, which may affect what rate structures make sense. These operational changes include: •Strategic Plan •WRRF completion •Groundwater expansion •Infrastructure renewal strategies •Short-term non-potable water sales •Energy management Legal Requirements Questions Timeline Protest Count Rate Setting