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HomeMy WebLinkAboutItem 7a. Authorization to release the Prop 218 notice for Water and Wastewater Rates Item 7a Department: Utilities Cost Center: Water and Sewer Funds For Agenda of: 4/29/2025 Placement: Business Estimated Time: 45 minutes FROM: Aaron Floyd, Utilities Director Prepared By: Julie Ridgeway, Utilities Business Manager SUBJECT: INTRODUCTION OF THE 2025-27 WATER AND SEWER RATES AND AUTHORIZATION TO RELEASE THE ASSOCIATED PROPOSITION 218 NOTICE RECOMMENDATION 1. Direct the publication and mailing of a notice consistent with Article XIII D of the California Constitution and the Proposition 218 Omnibus Implementation Act (Prop 218) as it relates to water and sewer rates; and 2. Set two Public Hearing dates on June 17, 2025, to consider the adoption of updated water and sewer rates if there is no majority protest in accordance with Prop 218. REPORT-IN-BRIEF The City is proposing water and sewer rate increases consistent with the requirements of California Constitution Article XIII C and D, commonly referred to as Proposition 218 (“Prop 218”), the City’s Charter and Municipal Code, and City Financial Plan fiscal policies. Rates provide funding to the City’s Water Fund and Sewer Fund, for the operation, maintenance, and capital project needs commensurate with the costs to provide adequate water and sewer services to the community. In order to meet projected revenue requirements for operations, maintenance, and capital needs, water rates are proposed to increase 5.5 percent on July 1, 2025, and July 1, 2026, and sewer rates are proposed to increase 6.5 percent on July 1, 2025, and July 1, 2026. This report is the first of a series of two council items scheduled for April 29, 2025, and June 17, 2025. This item, for the Council meeting scheduled on April 29, 2025, requests Council authorize the release of a public notice (Prop 218 notice) informing property owners and account holders of proposed increases for the City’s water and sewer rates and requests that Council authorize staff to set two public hearings for the potential increases on June 17, 2025. This report also provides the constitutional, regulatory, and policy basis for the proposed rates, identifies the rate setting methodology and proposed rates, and summarizes the public outreach that will be conducted to ensure customers are provided timely and comprehensive information regarding the proposed increases and opportunities to engage with staff and submit comments, questions, and written protests. Page 17 of 115 Item 7a POLICY CONTEXT The City’s Water and Sewer Funds utilize rates and fees to fund operating, capital, and debt service expenditures to operate and maintain the City’s water and wastewater (sanitary sewer) systems. These funds are treated as enterprise funds, which means they must operate fully on their own and are not subsidized by the City’s General Fund. Rates and fees collected from customers make up the primary funding source for both funds and must be developed in compliance with Prop 218. When proposing increased rates, some of the key Prop 218 requirements include: 1. A noticed public hearing must be held on the proposed rate increases at least 45 days after mailing a written notice to the parcel owner and account holder of record of each parcel subject to the proposed rates. 2. The cost of service shall not exceed the proportional cost of services provid ed to the corresponding parcel. 3. Revenues generated by the rates must be used solely for the services for which the rates are imposed. 4. Written protests must be submitted by the parcel owner of record or account holder of record that is directly responsible for payment of the utility bill, and must include a signature and identification of the parcel (e.g. service address). Only one protest per parcel is counted and protests must be received before the close of the public hearing to be valid. 5. The proposed rates cannot be adopted if a majority of affected property owners or account holders submit written valid protests opposing the rates before the close of the public hearing. In addition to Prop 218 requirements, the City aims to set rates that promote the stability and predictability of water and sewer services. No changes to the current rate structure, which defines how customers are charged for water and sewer services (i.e. fixed fees and variable charges), are being proposed and the proposed rates are consistent with rate structure prioritization goals previously established by the City Council (August 15, 2017; January 9, 2018). These prioritized goals include revenue stability and predictability, stability and predictability of the rates, fair allocation of total cost of service among customer classes, and reflection of all present and future costs. The proposed rates are also consistent with policies identified under Section 3. Enterprise Fund Fees and Rates of the City’s Financial Plan, which states that: “The 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 “the rate setting process will be in accordance with Proposition 218 and its notification requirements.” In addition to these policies, the fiscal evaluation includes identification of community needs for essential services (provision of drinking water and treatment of was tewater) and integration of climate risk, climate action, and customer assistance considerations throughout all financial decisions including identification and implementation of resilient Page 18 of 115 Item 7a capital projects that equitably provide water and sewer service to the community, consistent with Financial Plan Objectives. AB 2257 AB 2257 requires ratepayers to raise specific legal objections during the public process before pursuing litigation, establishing a statutory prerequisite to a legal challenge. The process for presenting legal objections and the City's requirement to respo nd to such comments is similar to the public review process in CEQA. Legal objections are separate from rate protests. If the City complies with the requirements of AB 2257 a potential litigant may only bring litigation if they have submitted a timely writ ten objection. AB 2257 also limits litigation to the administrative records of the proceedings. Property Owners of record and tenants directly liable to the City for payment of water and/or sewer rates may file legal objections with the City. To be valid , legal objections must be in writing and include the filing parties name, address, signature, and the legal basis for their objection. The legal objection must include sufficient detail to allow the City to substantively respond to the objection. For exam ple, stating that the proposed rates are too high or illegal without further explanation will be deemed insufficient. Legal objections must be submitted no later than June 16, 2025 to the City Clerk’s office. Failure to submit a valid legal objection bars any right to file a legal challenge to the proposed water and sewage rates. Legal objections sent electronically will not be accepted. Any valid legal objections received will be answered in writing. All objections and responses shall be presented to the Council for consideration prior to the hearing. This new legislation formalizes a requirement for potential litigants to exhaust administrative remedies prior to suing the City and establishes the notice and process pre-requisites for both potential litigants and the City. DISCUSSION Background As stated above, the City’s Water and Sewer Enterprise Funds are primarily funded through rate revenues paid for by customers of the City’s water and wastewater systems. Enterprise funds utilize rates and fees paid for services rendered to fund all 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 1.7 billion gallons of drinking water annually to approximately 17,000 service connections. Sewer rates support the activities needed to collect and treat approximately 1.4 billion gallons of wastewater through the City’s wastewater collection and tr eatment facility annually. Page 19 of 115 Item 7a Rate Setting Methodology The goal of the rate-setting process is to provide suitable funding to the City’s Water and Sewer Funds for operation, maintenance, and capital project needs for the City’s water and wastewater systems. Rates must be developed that are stable, equitable, and cost - based in compliance with Prop 218. The City hired HDR Engineering, Inc. (HDR) to assist with reviewing and updating the 2025-27 water and sewer rates and preparing a report of the updated water and wastewater rate study (2025 Rate Study Update; Attachment A). For the 2025 Rate Study Update, 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) for setting water rates and the Manual of Practice No. 27 published by the Water Environment Federation (WEF) for setting sewer rates. The 2025 Rate Study provides the necessary documentation for the City’s proposed water and sewer rates in compliance with Prop 218 Section 6, which regulates property-related fees and charges to which water and sewer rates are bound. The methodology used for both water and sewer rates includes a revenue requirement analysis, a cost-of-service analysis, and rate design analysis, as outlined in the graphic below (Figure 1). This methodology is consistent with Financial Plan Enterprise Fund Fees and Rates policies for ongoing rate review and cost of service fee assessmen t. The policies state that the City will review and adjust enterprise fees and rate structures as required to ensure that they remain appropriate and equitable and tha t the City will treat the water and sewer funds in the same manner as if they were priva tely owned and operated. This means assessing reasonable cost of service fees while fully recovering service costs. Overview of the Comprehensive Water & Wastewater Rate Analyses Figure 1. Overview of the three interrelated analyses conducted during a water and/or sewer rate analysis (source: 2025 Rate Study Update, HDR Engineering, Inc.). Revenue Requirement Analysis Cost of Service Analysis Rate Design Analysis Compares the revenues to the expenses of the utility to determine the overall rate adjustment required Distributes the revenue requirement to the customer classes of service in a proportional manner Considers both the level and structure of the rate design to collect the target level of revenues Page 20 of 115 Item 7a In 2023, the City hired HDR to conduct a comprehensive water and wastewater study, including a full cost of service analysis, to develop a 5-year projection through fiscal year (FY) 2026-27. However, the City’s historical practice has been to adopt rates for a 2-year period and conduct an updated analysis with each new financial plan. Given this, the 2025 Rate Study Update utilized the results of the cost of service analysis from 2023 as the basis for the proposed rates for FY 2025 -26 and FY 2026-27. As a part of the 2025 updated analysis, HDR confirmed that the cost of service still reflects the current customer characteristics of the City’s customer basis. Therefore, only revenues and expenses, both operating and capital, of the water and wastewater utilities were updated to match the updated customer characteristics and costs of providing water and wastewater services to the City’s customers. Rate designs based on a cost-of-service methodology that fairly apportions costs to all customers is in accordance with the provisions of Prop 218. No changes were made to the current rate structure at this time. This rate setting methodology is consistent with the rate structure goals established by Council, the City Charter, and the San Luis Obispo Municipal Code (SLMC). Specifically, water and sewer rates must be adopted by Council resolution (SLMC Section 13.04.090), and all revenue generated from these rates is legally restricted to funding the operation, maintenance, improvement, and debt obligations of the respective utility system (SLMC Section 13.08.410; City Charter Section 806). Study Findings As a part of the 2025 Rate Study Update, and in keeping with the best practices for capital project funding approach, a concerted effort was made to increase the overall level of “pay-as-you-go” (rate) funding and to avoid debt financing to the extent practical. Based on the results of the 2025 Rate Study Update, HDR concluded that the City will need to adjust the level of water and wastewater rate revenues for the next two financial years (FY 2025-26 and FY 2026-27) in order to meet revenue requirements. These results are summarized below and more detailed information can be found in the full 2025 Rate Study Update report. Water Rates Based on the results of the 2025 Rate Study Update, water rate revenues are recommended to be adjusted to increase 5.5% in each of the two-year rate setting periods of FY 2025-26 and FY 2026-27. This takes into account updated revenue projections, including projected changes in the number of customer accounts served and water consumption, operation and maintenance costs, including anticipated ongoing costs to operate the City’s future groundwater system, and the City’s updated capital improvement plan (CIP), including projects that continue to address impacts from the 2023 storms. The rate analysis incorporates anticipated FEMA reimbursement for eligible portions of storm - related projects to avoid overcollection through rates. If reimbursement is not received, adjustments would need to be made to the City’s water related CIP and in the next rate analysis to reflect actual funding. Page 21 of 115 Item 7a To address nationwide cost increases and to maintain the current CIP, which both drive water rate increases, the Department has been focusing on an approach to supplement ratepayer funds through the utilization of grant funding and by exploring short-term non- potable water sales opportunities. Since 2020, the Utilities Department has received over $2.1 million in grant funding for the Water Fund, which has been utilized for projects that improve resiliency for the community while also decreasing long-term operating costs. The Water Treatment Plant Tesla Battery Pack Project and the Groundwater Contamination Remediation Project are both grant-funded and provide long-term operational cost decreases by reducing electricity usage and allowing for electricity to be utilized during off-peak periods for treatment operations. The Department has also applied for and are waiting to hear back about grant funding to help supplement the City’s transition to Advanced Metering Infrastructure (AMI), which will reduce operational costs and improve customer experiences by allowing for increased consumption monitoring and leak detection. These projects, amongst others, focus on utilizing grant opportunities to stabilize or decrease costs that otherwise would drive additional annual rate increases . In addition to pursing grant opportunities and increasing operational efficiencies, the City has also been exploring opportunities to sell surplus water supplies that the City is unable to use each year pursuant to policy 1.13.2 of the Land Use Element of the City’s General Plan. Surplus water sales programs include the potential to sell short-term non-potable surplus recycled water and surplus water from Nacimiento Reservoir. These water sales programs could result in additional revenue for the Water Fund, without compromising long-term water supply sustainability. However, because surplus water sales have not been negotiated and significant additional work is required to finalize any such agreements, the rate study analysis did not include any projected revenue from potential sales. Overall, the Water Fund’s projected rates are slightly lower than those that were previously projected in the 2023 rate study for FY 2025 -26 and are slightly higher in FY 2026-27 and projected future years, as shown in Table 1 below. Since the 2023 study, updated expense and revenue data have resulted in a refinement of the now proposed and projected rate increases. The increases in the proposed water rate adjustments for FY 26 through FY 33 are due primarily to increased costs for capital improvement projects, the addition of new projects as a result of the 2023 storms, increased regulatory compliance cists, inflation, and increased costs of doing business. While there have been changes to the proposed rates since the 2023 rate study, proposed rate increases are more similar to those projected in the previous study than the Utilities Department has seen when there have been significant factors that need to be incorporated, such as those coming out of the 2019 COVID pandemic and/or drought years. This consistency indicates that the City’s long-term financial planning approach is working as intended, providing a stable foundation that can absorb moderate cost fluctuations without requiring sharp or unexpected rate adjustments. It also reflects that, while some factors such as the 2023 storms and cost increases have added new cost pressures, the overall financial outlook for the Water Fund remains aligned with prior expectations, supporting the reliability of the City’s water system. Page 22 of 115 Item 7a Table 1. A comparison of proposed and projected water rate percentage increases identified in the 2023 Comprehensive Rates Study compared to the 2025 Rate Study Update. Water Rate Increases (%) Proposed Projected FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 FY 32 FY 33 Previous Rate Study (2023) 7.5 4.5 4.5 4.0 4.0 4.0 3.5 3.0 Current Rate Study Update (2025) 5.5 5.5 5.0 5.0 5.0 5.0 4.5 4.5 Difference (2.0) 1.0 0.5 1.0 1.0 1.0 1.0 1.5 If the recommended 5.5% increase is implemented for each of the next two fiscal years, the City’s proposed water rates for 2025-27 would be as shown in Table 2, below. Table 2. Current and proposed water rates for FY 2025-26 and 2026-27. Summary of the Present and Proposed Water Rates Present Rates Proposed Rates Effective 7/1/24 Effective 7/1/25 Effective 7/1/26 Proposed Rate Revenue Adjustment 5.5% 5.5% Fixed Charge - $/Month Residential $30.25 $31.91 $33.67 MF / Non-Res / Irr 3/4" & Less $30.25 $31.91 $33.67 1" 50.50 53.28 56.21 1 1/2" 100.80 106.34 112.19 2" 161.30 170.17 179.53 3" 302.60 319.24 336.80 4" 504.45 532.19 561.46 6" 1,008.60 1,064.07 1,122.59 8" 1,613.85 1,702.61 1,796.25 Water System Access Charge1 $108.50 $114.47 $120.76 Usage Charge – $/Unit2 Residential 0 – 5 CCF $8.54 $9.01 $9.51 6 – 12 CCF 9.84 10.38 10.95 12 + CCF 16.97 17.90 18.88 Multi-Family $9.58 $10.11 $10.67 Non-Residential $10.14 $10.70 $11.29 Irrigation $10.35 $10.92 $11.52 1One unit of water = 100 cubic feet = 748 gallons 2Water System Access Charge applies where the City provides only fire protection to accounts that utilize a private well for domestic purposes. Page 23 of 115 Item 7a Sewer Rates Based on the results of the 2025 Update, sewer rate revenues are recommended to be adjusted to increase 6.5% in each of the two-year rate setting period of FY 2025-26 and FY 2026-27. This is moderately higher than what was previously projected for upcoming years as is summarized below (Table 3). Primary changes between the last analysis and this analysis include additional funding for operating the City’s new Water Resource Recovery Facility (WRRF), changes of which are primarily regulatory driven, and an expected loss in revenue associated with California Polytechnic State University (Cal Poly) building an on-campus wastewater treatment system. The loss in revenue from Cal Poly is based on projected flows provided by the University, which drop off significantly starting in FY 2025-26, when the University begins treating a portion of its own wastewater, and then steadily increase as on campus student population projections increase. During FY 2025-26, flows to the City are expected to decrease by approximately 75%, resulting in a projected revenue loss of $935,268, when compared to what was collected during FY 2023-24. By FY 2026-27 flows, are projected to be 29% of those sent to the City during FY 2023 -24, resulting in a projected revenue reduction of $920,578. The projected reduction in sewer revenue from Cal Poly accounts for approximately 48% of the additional rate revenue that would be generated from the proposed rate increase for FY 2025–26 and 21% of the additional rate revenue that would be generated from the proposed rate increase for FY 2026–27. This relative impact continues to decrease in future years, as the City's overall revenue requirements grow at a faster rate than the revenue loss from Cal Poly. In other words, while the Cal Poly revenue decline is a significant near-term driver of rate adjustments, its proportional influence diminishes over time as other cost drivers , such as capital funding needs and inflation, become more prominent. As with the Water Fund, staff aim to minimize ongoing expenses and help to offset inflationary increases by pursuing grants, improving operational efficiencies, and exploring infrastructure replacement alternatives within the City’s Sewer Fund. Over the past five years, the Sewer Fund has received $2.6 million in grants to fund capital projects that would have otherwise relied on ratepayer contributions. Capital planning projects, such as the Wastewater Collection System Infrastructure Renewal Strategy, a long-range plan for the City’s wastewater collection system, allow staff to be strategic and proactive in infrastructure maintenance and replacement planning. Additionally, staff have applied for Inflation Reduction Act funding associated with work completed during the WRRF upgrade. Although this cannot be factored into the analysis now due to uncertainties in Federal funding, if received, this additional revenue could be used to offset funding that would otherwise be collected by rates or support additional needed projects . Lastly, once the new WRRF facilities stabilize following the completion of construction, staff will be able to evaluate opportunities to further optimize processes to reduce operational expenditures and maximize the utilization of onsite biogas to energy production. Page 24 of 115 Item 7a Table 3. A comparison of proposed and projected sewer rate percentage increases between the 2023 Comprehensive Rates Study and 2025 Rate Study Update. Sewer Rate Increases (%) Proposed Projected FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 FY 32 FY 33 Previous Rate Study (2023) 4.0 4.0 3.5 2.5 2.5 2.5 2.5 2.5 Current Rate Study Update (2025) 6.5 6.5 6.5 6.5 6.5 3.5 3.5 3.5 Difference 2.5 2.5 3.0 4.0 4.0 1.0 1.0 1.0 If the 6.5% increase is implemented for each of the next two fiscal years, the City’s proposed sewer rates for 2025-27 would be as shown below in Table 4. Table 4. Current and proposed sewer rates for FY 2025-26 and FY 2026-27. Summary of the Present and Proposed Sewer Rates Present Rates Proposed Rates Effective 7/1/24 Effective 7/1/25 Effective 7/1/26 Proposed Rate Revenue Adjustment 6.5% 6.5% Fixed Charge - $/Month Residential $24.52 $26.11 $27.81 MF / Non-Res 3/4" & Less $24.52 $26.11 $27.81 1" 40.95 43.61 46.44 1 1/2" 81.65 86.96 92.61 2" 130.70 139.20 148.25 3" 245.21 261.15 278.12 4" 408.76 435.33 463.63 6" 817.28 870.40 926.98 8" 1,307.70 1,392.70 1,483.23 10" 1,880.02 2,002.22 2,132.36 Usage Charge - $/Unit1 Residential / Multi-Family (up to sewer cap) $9.82 $10.46 $11.14 Non-Residential (all usage) $10.27 $10.94 $11.65 1One unit of water = 100 cubic feet = 748 gallons Overall, the proposed adjustments for FY 2025 -26 and FY 2026-27 for both water and sewer rates reflect a more stable and predictable financial planning environment, following years of uncertainty caused by droughts and the pandemic. While the updated rate study includes an increase in revenue needs due to increased costs and changes to revenue from Cal Poly, the overall revenue requirements remain relatively consistent with prior rate studies. The recommended rate increases are designed to maintain essential services, fund critical infrastructure projects, and reduce reliance on debt, while staff continue to pursue grants and operational efficiencies to help stabilize long-term costs. Page 25 of 115 Item 7a Customer Assistance and Conservation Prop 218 prohibits water providers from imposing fees that exceed the proportional cost of service to a parcel and revenues generated from fees cannot exceed the cost of doing business nor can they be used for an unrelated purpose. Thus, the City is unable to use rate funds to provide low-income customer assistance programs. Given this constraint, the City uses late fees paid by utilities customers who do not make their payments on time, to fund its Customer Assistance Program (CAP). Of the 17,075 active utility accounts, approximately 180 accounts receive reduced rates. However, budgets have historically been underutilized for this program, so the Department plans to recommend that the City Council increase the discount that is offered through this program from 15 percent to 20 percent at the June 17, 2025 City Council meeting to continue to help low income customers with their utility bills. Customers experiencing challenges paying their utility bills also have the ability to set up payment plans. In addition to discounted rates through the CAP, the City also offers a variety of water conservation measures that help all customers lower their water usage. The City’s water conservation program offers complementary water conservation items, discounts on smart sprinkler controllers, high-efficiency toilets and urinals, water-efficient restaurant dipper wells, and assistance with conducting home and business water audits. As part of its ongoing efforts, the City’s Water Resources section also monitors customer usage and alerts them to potential water leaks. Building on these efforts, the City is also now transitioning to AMI, which will allow customers the ability to monitor their own water use in real-time and receive automatic alerts for possible water leaks. According to the Alliance for Water Efficiency’s Smart Practices to Save Water (March 2023), of 16 utilities utilizing AMI, the average reported savings was 7,600 gallons per account, with results varying based on system size, leak thresholds, communication methods, and notifications types. Previous Council or Advisory Body Action City Council last approved the now current water and sewer rates on June 6, 2023:  Item 7a. Consideration of the 2023-25 Water Rates (staff report and study)  Item 7b. Consideration of the 2023-25 Sewer Rates (staff report and study) Public Engagement The City is committed to helping the public understand the recommended water and sewer rates and their right to protest. If directed by Council, and in compliance with Prop 218 noticing requirements for the Public Hearing on June 17, 2025, a public notice (in English and available online in Spanish) will be mailed to every parcel owner and account holder (customer) on record currently receiving water and sewer services from the City of San Luis Obispo. These notices will be mailed at least 45-days prior to the Public Hearing date. The Prop 218 notice (Attachment B) includes the proposed rate increases, a summary of the purpose of the increase, a fee schedule, and instructions on how to protest the proposed increase. The notices also includes the recipients’ official protest form. In addition to those that are mailed, notices are also posted to the City’s website and extra copies will be made available at the City of San Luis Obispo Clerk’s Office and at the public hearing on June 17, 2025. Page 26 of 115 Item 7a In addition to the Prop 218 notice, the public will also be notified of the proposed rate adjustments, protest process, and the City’s Customer Assistance Program through the following:  City e-notifications and social media posts;  At a public informational session scheduled for Wednesday, June 4, 2025, from 5:30 – 7:00 pm at the Ludwick Community Center (864 Santa Rosa Street, San Luis Obispo, CA 93401);  At the annual Public Works and Utilities Week farmers market event located in downtown San Luis Obispo on Thursday, May 22, 2025 from 6:00 – 9:00 pm;  Through legal notices of the Public Hearing published in a local newspaper 45 days and 10 days before June 17, 2025, in accordance with Section 1002, Article X of the City’s Charter. Staff also presented to the Chamber of Commerce of April 10, 2025, to inform businesses of the proposed changes and answer questions. Staff have also reached out to the following organizations to see if there is an upcoming meeting staff can come and spea k at or share information through their social media platforms:  Central Coast Commission for Senior Citizens  CAPSLO  Latino Outreach Council  Cal Poly Student Affairs  Cuesta Student Success and Support Programs A copy of the full 2025 Rate Study Update will be made available on the City’s website and Frequently Asked Questions (FAQs) and online calculators are available to assist customers’ understanding of proposed rate changes are also available on the Department’s website (www.slocity.org/utilityrates). Staff also prepared a summary sheet that includes key dates and frequently asked question (FAQs) (Attachment D). Lastly, staff will continue to respond to questions by phone and email on how customer’s bills would be affected. CONCURRENCE The City Attorney’s Office has reviewed and approved the draft Prop 218 notice and the 2025 Rate Study Update. The City Finance Department concurs with the proposed water and sewer rate increases and the City Clerk’s office concurs with associated adherence to Prop 218 required procedures. ENVIRONMENTAL REVIEW Modification of rates and charges by public agencies are exempt from the California Environmental Quality Act (CEQA) under Public Resources Code 21083 and 21080(b)(8) and California Code of Regulations Title 14 Section 15273 (Rates, Tolls, Fares, and Charges) because changes in rates and charges is for the purpose of: Page 27 of 115 Item 7a 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 service 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. FISCAL IMPACT Budgeted: No Budget Year: 2025-27 Funding Identified: Yes Fiscal Analysis - Water Fund To meet the rate revenue requirement of the Water Fund detailed in the 2025 Rate Study Update, the proposed water rates are projected to generate a total of $1.4 million additional dollars during FY 2025-26. This includes both the 5.5 percent increase in rates as well as projected customer growth (0.8%). Combined with forecasted revenues from current rates and miscellaneous revenues, total revenues for the Water Fund during FY 2025-26 are anticipated to be $30.3 million. The Water Fund’s projected total revenue and revenue requirement for the following fiscal year, FY 2026-27, is $32.1 million. This is summarized in Table 5. If approved, the proposed rate increase would be implemented on July 1 of each corresponding fiscal year. Table 5. Water Fund forecasted revenues and revenue requirements for FY 2025-2026 and FY 2026-27 (in thousand dollars). Comprehensive Water Rate Study (in thousands) FY 2025-26 Forecast FY 2026-27 Forecast Rate Revenues Without Proposed Rate Increases $25,999 $26,207 Additional Rate Revenue from Proposed Rate Adjustment (5.5%) $1,430 $2,962 Miscellaneous/Other Revenues1 $2,885 $2,947 Total Revenues With Proposed Rate Increases $30,314 $32,116 Total Revenue Requirement $30,314 $32,116 1Miscellaneous/Other Revenues includes non-rate revenues such as interest earnings, set-up fees, revenue collected from Cal Poly, miscellaneous penalties (including late fees), credit collections, and development review fees. Page 28 of 115 Item 7a Fiscal Analysis - Sewer Fund To meet the rate revenue requirement of the Sewer Fund detailed in the 2025 Rate Study Update, the proposed increases in sewer rates are projected to generate an additional $1.3 million dollars during FY 2025-26. This includes both the 6.5 percent increase in rates as well as projected customer growth (0.8%). The Sewer Fund’s projected total revenue and revenue requirement for 2025-26 is $21.7 million and the total revenue requirement for FY 2026-27 is $23.3 million. This is further summarized in Table 6. If approved, the proposed rate increase would be implemented on July 1 of the corresponding fiscal year. Table 6. Sewer Fund forecasted revenues and revenue requirements for FY 2025-2026 and FY 2026-27 (in thousand dollars). Comprehensive Sewer Rate Study (in thousands) FY 2025-26 Forecast FY 2026-27 Forecast Rate Revenues Without Proposed Rate Increases $19,294 $19,448 Additional Rate Revenue from Proposed Rate Adjustment (5.5%) $1,254 $2,610 Miscellaneous/Other Revenues1 $1,216 $1,256 Total Rate Revenues With Proposed Rate Increases $21,764 $23,3142 Total Revenue Requirement $21,764 $23,315 1Miscellaneous/Other Revenues includes non-rate revenues such as interest earnings, industrial user charges, set-up fees, revenue collected from Cal Poly, miscellaneous penalties (including late fees), credit collections, and development review fees. 2Discrepancy between total rate revenue and total revenue requirement in FY 2026-27 is due to rounding. See the Summary of the Revenue Requirement (Exhibit 1) in Appendix B for more details. NEXT STEPS AND PROTEST PROCEDURES If directed by City Council, staff will: 1. Set two Public Hearings (one for water and one for sewer) on June 17, 2025, for the proposed water and sewer rates. 2. Release the Prop 218 notice at least 45-days prior to the Public Hearing. Under Prop 218, property owners and/or customers directly responsible for the payment of the fee subject to proposed rate increase(s) may submit a written protest against the proposed rate increases. If directed by council, the Prop 218 notice, which includes an official ballot form, will be mailed to the mailing address on file for each parcel owner and each utility bill account holder within the City. Protests must be received by the City Clerk at or before the close of the public input portion of the public hearing on June 17, 2025, and must identify whether water and/or sewer is being protested, contain the service address, and include the original signature of the parcel owner or account holder of record. In the event that there is more than one protest submitted for a parcel, only one valid protest will be counted for the parcel. Page 29 of 115 Item 7a At the public hearing, Council will consider all objections or protests, and any person shall be permitted to present written or oral testimony. At the conclusion of the public hearing on June 17, 2025, the City Clerk will announce whether a majority protest exists and provide a summary of the protests received. If valid written protests are filed by a majority (50%+1), the proposed water and/or sewer rates may not be imposed. A majority of the City’s 17,035 water accounts is 8,518 plus one and a majority of the City’s 16,479 sewer accounts is 8,239 plus one. All protests will need to be validated regarding property ownership and duplicate addresses. The resolutions for adoption of the proposed water and sewer rates and for updating the Customer Assistance Program will be provided at the Public Hearing meeting scheduled for June 17, 2025. If adopted, rates would be implemented July 1 of the corresponding fiscal years. ALTERNATIVES 1. Council could decide to delay authorization to release the Prop 218 notice and consider water and sewer rate adjustments at a later date. If Council directs staff to delay the release of the Prop 218 notice, the required 45-day noticing period would push the rate hearing and adoption beyond the originally planned timeline. This would likely result in any new rates taking effect after the start of the fiscal year (July 1, 2025). Since the proposed rates are based on the assumption that they would be in effect for the full fiscal year, a delay in implementation would reduce projected revenues. To account for the reduced revenue collection perio d, staff may need to postpone or phase capital projects and work with the consultant to revise the capital improvement plan and proposed rate adjustments accordingly. 2. Council could decide not to authorize the release of the Prop 218 notice and direct staff that no rate adjustment be moved forward at this time. If Council chooses not to authorize the release of the Prop 218 notice, the City will not proceed with the proposed 2025 water and sewer rate adjustments. As a result, the Prop 218 process will be paused until directed by Council. This would prevent any rate increases from being adopted or implemented for the upcoming two fiscal years. Because the proposed rates were developed with the assumption of a full 12 months of increased revenue starting July 1, 2025, and July 1, 2026, not moving forward with the rate adjustments would create a significant shortfall for the City’s water and sewer funds. If this were the case, staff would need to delay or scale back planned capital improvement projects and re-engage the consultant to revise the capital improvement plan based on revenue projection with no rate increases. 3. Council could decide not to set the Public Hearing dates for June 17, 2025. If Council chooses not to set the public hearing date for June 17, 2025, a new date must still comply with Prop 218 requirements, which mandate that a public hearing occur no sooner than 45 days after the Prop 218 notice is mailed. Council may select an alternate hearing date, but doing so could delay rate adoption and im plementation beyond July 1, 2025. As with the alternative to delay the mailing of the Prop 218 notice, a delay would shorten the revenue collection period assumed in the rate analysis and may require staff to adjust the capital improvement plan and revisit the proposed rates with the consultant to ensure financial health of the funds. Page 30 of 115 Item 7a 4. Council could direct modifications to the proposed rates, or to the proposed implementation dates. If Council wishes to proceed with modifying the proposed rate adjustments included in the notice, or adjusted the implementation timeline, staff would work with the rate consultant to update the financial analysis and revise the Prop 218 notice accordingly. Modifying the proposed implementation dates , such as phasing in the rate increases or delaying the effective date, would reduce the revenue collected and could impact the timing or scope of planned capital improvement projects. Changes like this would require additional time to prepare updated materials and require staff to delay the mailing of the Prop 218 notice and subsequent public hearings. It is also important to note that the values included in the Prop 218 notice represent the maximum rates that Council may adopt at the public hearing, provided there is no majority protest. However, Council may choose to adopt lower rate increases than those that are included in the Prop 218 notice at the public hearing. ATTACHMENTS A - Draft City of San Luis Obispo Water and Wastewater Rate Study Update Report (March 2025) B - Draft Water and Sewer Prop 218 Notice C - 45-Day Legal Notice D - Informational and FAQ Sheet Page 31 of 115 Page 32 of 115 City of San Luis Obispo Water & Wastewater Rate Study Update March 2025 Draft Report Page 33 of 115 hdrinc.com 900 108th Ave NE, Suite 1200, Bellevue, WA 98004 T 425-450-6200 March 21, 2025 Mr. Aaron Floyd Utilities Director City of San Luis Obispo 879 Morro Street San Luis Obispo, CA 93401 Subject: Water & Wastewater Rate Study Update 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 2025 Water and Wastewater Rate Study Update (2025 Update). In 2023, the City and HDR developed a comprehensive water and wastewater rate study (2023 Rate Study). Given the development of the 2023 Rate Study - which proposed cost-based rates for the next two-year period - the cost of service results from the 2023 Rate Study were used as the basis for the proposed rates for FY 2023-24 and FY 2024-25. It is important to note that the 2023 Rate Study developed a 5-year projection, however, only the first two years were adopted. For the 2025 Update, the revenues and expense, both operating and capital, of the water and wastewater utilities were updated in order to match the updated customer characteristics and costs of providing water and wastewater services to the City’s customers. The 2025 Update outlines the overall approach used to achieve these objectives, along with our findings, conclusions, and recommendations. The costs associated with providing water and wastewater services to the City’s customers was developed based on the City’s specific information and is included within the development of the proposed rates. The 2025 Update was developed utilizing generally accepted rate setting principles and methodologies. This report provides the basis for developing and implementing water and wastewater rates which are cost-based and proportional to the City’s customers. We appreciate the assistance provided by the City’s project team in the development of this study. More importantly, HDR appreciates the opportunity to provide these technical and professional services to the City of San Luis Obispo. Sincerely, HDR Engineering, Inc. Josiah Close Utility Rates Project Manager Page 34 of 115 Table of Contents i City of San Luis Obispo – Water & Wastewater Rate Study Update Table of Contents Introduction ........................................................................................................................ 1 Overview of the Rate Study Process .................................................................................... 1 Key Water & Wastewater Rate Study Results ...................................................................... 2 Summary of the Water Revenue Requirement Analysis....................................................... 3 Summary of the Water Cost of Service Analysis................................................................... 5 Summary of the Water Rate Design .................................................................................... 5 Summary of the Water Rate Study Update .......................................................................... 6 Summary of the Wastewater Revenue Requirement Analysis ............................................. 7 Summary of the Wastewater Cost of Service Analysis ......................................................... 9 Summary of the Wastewater Rate Design ......................................................................... 10 Summary of the Wastewater Rate Study Update .............................................................. 11 2.1 Introduction ............................................................................................................ 13 2.2 Water Revenue Requirement.................................................................................. 13 2.2.1 Determining the Water Revenue Requirement ............................................. 13 2.2.2 Projecting Rate and Miscellaneous Revenues ............................................... 13 2.2.3 Projecting Operation and Maintenance Expenses ......................................... 14 2.2.4 Projection of Debt Service ............................................................................ 14 2.2.5 Projecting Rate Funded Capital ..................................................................... 15 2.2.6 Summary of the Water Revenue Requirement ............................................. 16 2.2.7 Reserve Levels .............................................................................................. 18 2.2.8 Consultant’s Conclusion of the Revenue Requirement ................................. 18 2.3 Water Cost of Service Analysis Summary ................................................................ 18 2.4 Water Rate Design .................................................................................................. 19 2.4.1 Development of Cost-Based Water Rates ..................................................... 19 2.4.2 Overview of the Water Rate Structure .......................................................... 20 2.4.3 Present and Proposed Water Rates .............................................................. 20 2.5 Summary of the Water Rate Study Update ............................................................. 21 Page 35 of 115 Table of Contents ii City of San Luis Obispo – Water & Wastewater Rate Study Update 3.1 Introduction ............................................................................................................ 23 3.2 Wastewater Revenue Requirement ........................................................................ 23 3.2.1 Determining the Revenue Requirement ....................................................... 23 3.2.2 Projecting Rate and Other Miscellaneous Revenues ..................................... 23 3.2.3 Projecting Operation and Maintenance Expenses ......................................... 24 3.2.4 Projecting Capital Funding Needs ................................................................. 24 3.2.5 Projection of Debt Service ............................................................................ 26 3.2.6 Summary of the Wastewater Revenue Requirement .................................... 26 3.2.7 Reserve Levels .............................................................................................. 27 3.2.8 Consultant’s Conclusions .............................................................................. 28 3.3 Wastewater Cost of Service Analysis Summary ....................................................... 28 3.4 Wastewater Rate Design ......................................................................................... 28 3.4.1 Development of Cost-Based Wastewater Rates ............................................ 28 3.4.2 Overview of the Wastewater Rate Structure ................................................ 29 3.4.3 Present and Proposed Wastewater Rates ..................................................... 30 3.5 Summary of the Wastewater Rate Study Update .................................................... 31 Page 36 of 115 Executive Summary 1 City of San Luis Obispo - Water & Wastewater Rate Study Update Executive Summary Introduction HDR Engineering, Inc. (HDR) was retained by the City of San Luis Obispo (City) to conduct a comprehensive water and wastewater rate study update (2025 Update). The objectives of the 2025 Update were to: Develop a projection of water and wastewater revenues to support the City’s operating and capital costs Proposed cost-based and proportional rates for a multi-year time period The City owns, operates, and maintains the water and wastewater systems which provide services to its customers. The costs associated with providing water and wastewater services to City’s customers has been developed based on the provided information and is included within the development of the proposed rates. For the 2025 Update, the cost of service results from the 2023 Comprehensive Water and Wastewater Rate Study were utilized, specifically the proportional distribution of costs. The revenues and expense of the water and wastewater utilities were updated in order to match the updated customer characteristics and costs of the utilities. It is important to note that the results shown in this report are based on information available at “a point in time”. That is to say that, if the information available at a later date has changed, then the results of the analysis would likely also change or differ from those presented in this report. Overview of the Rate Study Process A comprehensive rate study uses three interrelated analyses to address the adequacy and equity of each 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. Page 37 of 115 Executive Summary 2 City of San Luis Obispo - Water & Wastewater Rate Study Update Figure ES – 1 Overview of the Comprehensive Water & Wastewater Rate Analyses The above basic framework was used in the development of this study for reviewing and evaluating the City’s water and wastewater rates. For the 2025 Update, the revenue requirement and rate design analyses were updated for each utility based on current operating and capital expenses and recent customer characteristics. As noted previously, for the 2025 Update, the cost of service results from the 2023 Rate Study were utilized to establish the proportionality of the City’s water and wastewater rates. Key Water & Wastewater Rate Study Results The water and wastewater study’s technical analyses were developed based on the operating and capital costs necessary to provide service to City’s customers. The analyses performed resulted in the following findings, conclusions, and recommendations. „ A revenue requirement analyses were developed for the water and wastewater utilities over from FY 2024-25 through FY 2034-35 „ The City’s adopted FY 2024-25 budget was used as the starting point of the analyses for both utilities „ Operation and maintenance expenses are projected to increase at inflationary levels „ Proposed rates were developed, for each utility reflected the proportionality as developed in the 2023 Rate Study 9 The proposed water revenue adjustment is 5.5% in FY 2025-26 and FY 2026-27 9 The proposed wastewater revenue adjustment is 6.5% in FY 2025-26 and FY 2026-27 Revenue Requirement Analysis Cost of Service Analysis Rate Design Analysis Compares the revenues to the expenses of the utility to determine the overall rate adjustment required Distributes the revenue requirement to the customer classes of service in a proportional manner Considers both the level and structure of the rate design to collect the target level of revenues Page 38 of 115 Executive Summary 3 City of San Luis Obispo - Water & Wastewater Rate Study Update 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 adequacy of the level of current water rates for the City. From this analysis, a determination can be made as to the overall level of water revenue adjustments needed to provide adequate and prudent funding for both operating and capital needs. For the 2025 Update, the revenue requirement was developed based on the adopted FY 2024- 25 budget and then projected from FY 2025-26 to FY 2034-35 using a “cash basis” approach. The cash basis approach includes an analysis of O&M expenses, transfers, debt service, rate funded capital, and to/from reserve funding. The primary financial inputs in the development of the revenue requirement analysis were the City’s Water Fund Analysis, historical billed customer and consumption data, and the current water system capital improvement plan. The operating and maintenance expenses were developed for the projected time period, based on the adopted FY 2024-25 budgeted expenses and historical inflationary factors. The next step was to develop the water capital funding plan. For the 2025 Update, the City developed a capital improvement plan based on the needs of the water system. This plan identified the projects necessary to maintain the water system as well as projects necessary to meet new growth and expansion of the system. It is important to note that the City’s development impact fees will contribute towards the growth related portions of the applicable capital improvement projects. Provided below in Table ES - 1 is a summary of the water capital funding plan over the planning period based on the capital plan at the time of the study development. Table ES – 1 Summary of the Water Capital Funding Plan ($000s) FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Total Capital Projects $24,379 $7,911 $5,470 $12,970 $6,975 $17,598 Other Funding Sources Reserves $19,580 $4,164 $1,920 $3,770 $0 $1,198 Grants 3,517 3,748 0 0 0 0 Long-Term Debt 0 0 0 5,000 0 9,250 Total Other Funding Sources $23,097 $7,911 $1,920 $8,770 $0 $10,448 Rate Funded Capital $1,282 $0 $3,550 $4,200 $6,975 $7,150 The financial plan developed for the City’s water utility has placed the rate funded capital level at $1.3 million in FY 2024-25 increasing to $7.2 million by FY 2029-30. This level of funding was calculated based on the long-term need to prudently fund replacement and repair of the existing water system. As can be seen, the difference between annual capital needs and rate funded capital, when apparent, is being funded through other funding sources. The other funding sources include reserve funds and long-term debt issuance; however, the City prefers to limit Page 39 of 115 Executive Summary 4 City of San Luis Obispo - Water & Wastewater Rate Study Update debt issuances if at all possible. However, given the nature, and level, of the capital projects, additional long-term debt is projected during the next five-year time period. A more detailed discussion of the capital funding plan can be found in Section 2.2.5 of the report. The revenue requirement analysis for the City’s water utility was developed to determine the necessary revenues to meet the costs of providing water service to the customers based on the specific costs of the water utility. Provided below, in Table ES – 2, is a summary of the water revenue requirement analysis (financial plan). Table ES - 2 Summary of the Water Revenue Requirement ($000s) FY 2024- 25 FY 2025- 26 FY 2026- 27 FY 2027- 28 FY 2028- 29 FY 2029- 30 Revenues Rate Revenues $25,793 $25,999 $26,207 $26,417 $26,628 $26,841 Other Revenues 2,799 2,885 2,947 3,031 3,118 3,210 Total Revenues $28,592 $28,884 $29,154 $29,447 $29,746 $30,051 Expenses Total O & M $25,838 $30,313 $27,113 $28,246 $27,030 $28,850 Net Debt Service 1,469 1,466 1,455 1,455 1,778 1,790 Rate Funded Capital 1,282 0 3,550 4,200 6,975 7,150 To / (From) Reserves 3 (1,466) (3) 2 11 4 Total Revenue Requirement $28,592 $30,314 $32,116 $33,903 $35,794 $37,794 Total Bal. / (Def.) of Funds $0 ($1,430) ($2,962) ($4,456) ($6,048) ($7,743) Balance a % of Rate Adj. Req'd 0.0% 5.5% 11.3% 16.9% 22.7% 28.8% Proposed Rate Adjustment 0.0% 5.5% 5.5% 5.0% 5.0% 5.0% Add'l Revenue with Rate Adj. $0 $1,430 $2,962 $4,456 $6,048 $7,743 Bal. / (Def.) After Rate Adj. $0 $0 ($0) $0 $0 $0 As can be seen, the water revenue requirement has summed O&M, rate funded capital, net debt service, and transfers to / (from) reserves. It is important to note that the “net” in net debt service refers to the use of development impact fees to pay for debt service which results in a reduction in the total debt serve expense. The total revenue requirement is then compared to the total sources of funds which are 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 deficiency of funds is then compared to the projection of rate revenues, at “normal” consumption levels, to determine the level of revenue adjustment needed to meet the costs of providing water service. 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. Over the five- year projected period, rate revenues will need to be adjusted to reflect the projected operating Page 40 of 115 Executive Summary 5 City of San Luis Obispo - Water & Wastewater Rate Study Update and capital needs. For the two-year rate setting period of FY 2025-26 and FY 2026-27 rate revenues need to be increased 5.5% in each year. A more detailed analysis of the water revenue requirement can be found in Section 2.2 of this report. Summary of the Water Cost of Service Analysis A cost of service analysis determines the proportional distribution of the revenue requirement costs to the customer classes of service (e.g., residential, multi-family, non-residential, irrigation) and the manner to collect that revenue requirement from each class of service. Given the development of the cost of service for the 2023 Rate Study, and the implementation of the cost of service results for the FY 2023-24 adopted water rates, the cost of service analysis was not updated as part of the effort for the 2025 Update. Based on the results of the 2023 Rate Study, the proposed water rates maintain the results of the 2023 Rate Study and are cost-based and proportional between the customer classes of service. Summary of the Water Rate Design The final step of the 2025 Update is the development of proposed water rates to collect the desired levels of revenue, based on the results of the previous tasks. The 2023 Rate Study established specific customer classes of service and rates based on the cost of service results for the residential, multi-family, non-residential, and irrigation customers. The rate structure adopted includes a monthly fixed charge that varies by meter size and a consumption charge established through the cost of service analysis for each customer class of service and by tier, where applicable. Given the implementation of cost of service rates in the 2023 Rate Study, and the projection of rates for the subsequent four-year period, the 2025 Update maintained the existing rate structure and cost of service adjustments as outlined in the 2023 Rate Study, only the level of the proposed rates were revised to reflect the current operating and capital costs. Provided in Table ES - 3 is a summary of the present and proposed water rates for the next two rate setting years. Page 41 of 115 Executive Summary 6 City of San Luis Obispo - Water & Wastewater Rate Study Update Table ES - 3 Summary of the Present and Proposed Water Rates Present Rate FY 2025-26 FY 2026-27 Proposed Rate Revenue Adjustment 5.5% 5.5% Fixed Charge - $/Month Residential $30.25 $31.91 $33.67 MF / Non-Res / Irr 3/4" & Less $30.25 $31.91 $33.67 1" 50.50 53.28 56.21 1 1/2" 100.80 106.34 112.19 2" 161.30 170.17 179.53 3" 302.60 319.24 336.80 4" 504.45 532.19 561.46 6" 1,008.60 1,064.07 1,122.59 8" 1,613.85 1,702.61 1,796.25 Usage Charge – $/Unit Residential 0 – 5 CCF $8.54 $9.01 $9.51 5 – 12 CCF 9.84 10.38 10.95 12 + CCF 16.97 17.90 18.88 Multi-Family $9.58 $10.11 $10.67 Non-Residential $10.14 $10.70 $11.29 Irrigation $10.35 $10.92 $11.52 Note: 1 unit = 1 CCF = 748 gallons As can be seen, the rate structure was maintained and only the level of the rates was adjusted. Again, the updated rates reflect the cost of service analysis and proportionality developed in the 2023 Rate Study. Summary of the Water Rate Study Update Based on the results of the 2025 Update, HDR developed the following conclusions and recommendations. Based on the revenue requirement, HDR concluded that the City will need to adjust the level of water rate revenues. HDR reached this conclusion for the following reasons: „ Revenue adjustments are necessary to meet the operating and capital costs of providing water service to City’s customers Page 42 of 115 Executive Summary 7 City of San Luis Obispo - Water & Wastewater Rate Study Update „ The proposed revenue adjustments maintain the City’s financial health and provide long- term sustainable funding levels Based on the results of the cost of service analysis, HDR made the following conclusions and provided the following recommendations: „ The 2023 Rate Study cost of service analysis reflects the current customer characteristics „ The proposed cost of service adjustments from the 2023 Rate Study are maintained in the development of the proposed FY 2025-26 and FY 2026-27 water rates Finally, HDR reached the following conclusions and provided the following recommendations for the proposed water rates: „ The proposed water rates reflect the overall costs of providing water service (i.e., cost- basis) „ The current rate structure reflects contemporary and industry standard approaches „ City should review the water rates biannually in order to assess revenue sufficiency In summary, HDR recommends the City adopt the proposed water rates for FY 2025-26 and FY 2026-27 as developed in the 2025 Update to provide to provide sufficient funding for the operating expenses and capital improvement program needs for the water utility. Summary of the Wastewater Revenue Requirement Analysis As with the City’s water utility, the wastewater utility revenue requirement analysis is the first analytical step in the process. The revenue requirement analysis determines the adequacy of the current wastewater rates to fund current and future operating and capital needs. From this analysis, a determination can be made as to the overall level of rate revenue adjustments needed to provide adequate and prudent funding for the wastewater system. For the 2025 Update, the revenue requirement was developed for the time period of FY 2024-25 – FY 2034-35 using a “cash basis” approach. The “cash basis” approach is the most commonly used methodology by municipal utilities to set their revenue requirement and is composed of O&M expenses, transfers, debt service payments, rate funded capital, and to/from reserve funding. The primary financial inputs in the development of the revenue requirement were the City’s FY 2024-25 budget documents, historical billed customer and water consumption data, and the capital improvement plan. Budgeted O&M expenses were projected using inflationary factors for the City’s expenses to provide collection and treatment services over the projected time period. The proper and adequate funding of capital projects is important to help minimize rate increases over time. As a part of the 2025 Update, and in keeping with the best practices for capital project funding approach, a concerted effort was made to increase the overall level of “pay-as-you-go” (rate) funding and to avoid debt financing to the extent practical. Pay-as-you-go funding from rates refers to spending cash on hand that the utility collects from charging the water rates to it’s customers and is specifically earmarked to fund capital projects, often those deemed as renewal Page 43 of 115 Executive Summary 8 City of San Luis Obispo - Water & Wastewater Rate Study Update and replacement. Provided below in Table ES - 4 is a summary of the wastewater capital funding plan for the five-year rate setting period. Table ES – 4 Summary of the Wastewater Capital Funding Plan ($000s) FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 Total Capital Projects $32,117 $8,251 $7,163 $4,581 $5,139 $6,348 Less: Other Funding Sources Capital Reserves $31,402 $8,161 $6,188 $2,481 $1,964 $1,223 Long-Term Debt 0 0 0 0 0 0 Total $31,402 $8,161 $6,188 $2,481 $1,964 $1,223 Rate Funded Capital $715 $90 $975 $2,100 $3,175 $5,125 This financial plan has placed the City’s rate funding for capital from a low of $90,000 in FY 2025- 26 to a maximum of $5.1 million in FY 2029-30. This level of rate funded capital over the projected time prudently funds the planned capital replacement needs. Given the level of capital improvements for the wastewater system the City has assumed the need for long-term debt issuances to fund capital improvements. In developing this financial plan. The wastewater capital funding plan is described in further detail in Section 3.2.4 of the report. Given a projection of operating and capital expenses, a summary of the revenue requirement analysis was developed. Provided below in Table ES - 5 is a summary of the revenue requirement analysis (financial plan) for the City’s wastewater utility. Page 44 of 115 Executive Summary 9 City of San Luis Obispo - Water & Wastewater Rate Study Update Table ES - 5 Summary of the Wastewater Revenue Requirement ($000s) FY 2024- 25 FY 2025- 26 FY 2026- 27 FY 2027- 28 FY 2028- 29 FY 2029- 30 Revenues Rate Revenues $19,141 $19,294 $19,448 $19,604 $19,761 $19,919 Other Revenues 2,092 1,216 1,256 1,260 1,269 1,345 Total Revenues $21,233 $20,510 $20,705 $20,864 $21,030 $21,264 Expenses Total O & M $13,809 $14,994 $15,483 $16,029 $16,632 $17,260 Rate Funded Capital 715 90 975 2,100 3,175 5,125 Net Debt Service 6,706 6,799 6,790 6,788 6,787 6,170 To / (From) Reserves 3 (119) 67 23 96 80 Total Revenue Requirement $21,233 $21,764 $23,315 $24,941 $26,690 $28,635 Bal./(Deficiency) of Funds $0 ($1,254) ($2,610) ($4,077) ($5,661) ($7,372) Balance as % of Rev from Rates 0.0% 6.5% 13.4% 20.8% 28.6% 37.0% Proposed Rate Adjustments 0.0% 6.5% 6.5% 6.5% 6.5% 6.5% Add'l Revenue with Rate Adj. $0 $1,254 $2,610 $4,077 $5,661 $7,372 Bal. / (Def.) After Rate Adj. $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 to / (from) reserves. It is important to note that the “net” in net debt service refers to the use of development impact fees to pay for debt service which results in a reduction in the total debt serve expense. The 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 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. For the two-year rate setting period of FY 2025-26 and FY 2026-27, rate revenues need to be increased 6.5% each year. Summary of the Wastewater Cost of Service Analysis A cost of service analysis determines the proportional distribution of the revenue requirement to the City’s customer classes of service (i.e., residential, multi-family, non-residential). The objective of the cost of service analysis is to determine the proportional manner to collect the revenue requirement based on each customer class’s wastewater characteristics. Given the development of the cost of service for the 2023 Rate Study, and the implementation of the cost of service results for the FY 2023-24 adopted wastewater rates, the cost of service analysis was not updated. Based on the results of the 2023 Rate Study, the proposed FY 2025-26 Page 45 of 115 Executive Summary 10 City of San Luis Obispo - Water & Wastewater Rate Study Update and FY 2026-27 rates maintain the results of the 2023 Rate Study and are cost-based and proportional. Summary of the Wastewater Rate Design The final step of the 2025 Update is the development of proposed wastewater rates to collect the desired levels of revenue, based on the results of the previous tasks. The 2023 Rate Study established specific customer classes of service and rates based on the cost of service results for the residential, multi-family, and non-residential customers. The current rate structure includes a monthly fixed charge that varies by meter size and a consumption charge established through the cost of service analysis. Residential and multi-family customers are billed the usage charge up to the customer’s average winter water use. Non-residential customers are billed the usage charge on all metered water consumption because separate irrigation meters are, or can be, installed so that the metered water consumption reflects the contributions to the wastewater system. Given the implementation of cost of service rates in the 2023 Rate Study, and the projection of rates for the subsequent four-year period, the 2025 Update maintained the existing rate structure and cost of service adjustments as outlined in the 2023 Rate Study, and only the level of the rates were updated to reflect updated expenses and revenue projections. Provided in Table ES - 6 is a summary of the present and proposed wastewater rates for the next two rate setting years. Page 46 of 115 Executive Summary 11 City of San Luis Obispo - Water & Wastewater Rate Study Update Table ES – 6 Summary of the Present and Proposed Wastewater Rates Present Rates FY 2025-26 FY 2026-27 Fixed Charge - $/Month Residential $24.52 $26.11 $27.81 MF / Non-Res 3/4" & Less $24.52 $26.11 $27.81 1" 40.95 43.61 46.44 1 1/2" 81.65 86.96 92.61 2" 130.70 139.20 148.25 3" 245.21 261.15 278.12 4" 408.76 435.33 463.63 6" 817.28 870.40 926.98 8" 1,307.70 1,392.70 1,483.23 10" 1,880.02 2,002.22 2,132.36 Usage Charge - $/Unit Residential / Multi-Family (up to sewer cap) $9.82 $10.46 $11.14 Non-Residential (all usage) $10.27 $10.94 $11.65 Note: 1 unit = 1 CCF = 748 gallons As can be seen, the rate structure has been maintained and only the level of the rates has been adjusted. Again, the updated rates reflect the cost of service analysis results in the 2023 Rate Study and maintain the proportional relationships. The primary difference is the higher overall revenue adjustment necessary to fund operating and capital needs for the next two-year period. Summary of the Wastewater Rate Study Update Based on the results of the 2025 Update, HDR developed the following conclusions and recommendations. Based on the revenue requirement, HDR concluded that the City will need to adjust the level of wastewater rate revenues. HDR reached this conclusion based on the following: „ Revenue adjustments are necessary to meet the operating costs of providing wastewater service to the City’s customers „ Revenue adjustments are necessary to provide adequate funding of the City’s capital projects on a “pay-as-you-go” basis for renewal and replacement needs „ The proposed revenue adjustments maintain the City’s financial health and provide long- term sustainable funding levels Based on the results of the cost of service analysis, HDR made the following conclusions and provided the following recommendations: Page 47 of 115 Executive Summary 12 City of San Luis Obispo - Water & Wastewater Rate Study Update „ The 2023 Rate Study cost of service analysis reflects the current customer characteristics „ The proposed cost of service adjustments from the 2023 Rate Study are maintained in the development of the proposed FY 2025-26 and FY 2026-27 wastewater rates Finally, HDR has reached the following conclusions and provided the following recommendations for the proposed wastewater rates: „ The proposed rates reflect the overall costs of providing wastewater service (i.e., cost- based) „ The current rate structure reflects contemporary and industry standard approaches „ City should review the wastewater rates biannually in order to assess sufficiency In summary, HDR recommends the City adopt the proposed wastewater rates for FY 2025-26 and FY 2026-27 as developed in this report to provide sufficient funding for the operating expenses and capital improvement program needs for the wastewater utility. Page 48 of 115 Water Rate Study Update 13 City of San Luis Obispo - Water & Wastewater Rate Study Update Development of the Water Analysis 2.1 Introduction This section describes the development of the City’s water utility 2025 Update. The basis for the study was the City’s adopted budget (FY 2024-25), current capital improvement plan, historical customer consumption data, and water system operating characteristics. Based on the City’s specific costs, and customer characteristics, cost-based water rates were developed to prudently fund the water utility. Provided in this section is the detailed summary of the 2025 Update for the City’s water utility and proposed water rates for FY 2025-26 and FY 2026-27. 2.2 Water Revenue Requirement The City provided detailed revenue and expenses data for the water system that allowed for the development of the revenue requirement. The revenue requirement analysis is the first analytical step in the comprehensive rate study process. This analysis determines the adequacy of the City’s overall water rates at current rate levels. From this analysis, a determination can be made as to the overall level of revenue (rate) adjustment needed to provide adequate and prudent funding for operating, debt service, and capital needs over the long-term. HDR developed an independent analysis based on information provided by the City to develop the 2025 Update conclusions and recommendations. 2.2.1 Determining the Water Revenue Requirement In developing the City’s water revenue requirement, the water utility, must financially “stand on its own” and be properly funded. That is, no rate revenues are being transferred from other City funds or enterprises in order to support the water utility. As a result, the water revenue requirement analysis assumes the full and proper funding needed to operate and maintain the water system on a financially sound and prudent basis. 2.2.2 Projecting Rate and Miscellaneous Revenues The City receives revenue from two primary sources: water rates and other revenues. Water rate revenues are based on the current water rate structure and the current customer data. Other revenue includes items such as interest, recycled water sales, fees, and miscellaneous revenues. The City is projected to receive approximately $25.8 million in water rate revenues in FY 2024- 25. The projection of revenue is based on the recent customer consumption levels and adopted water rates. HDR worked with the City to update the consumption levels of each customer class of service for the 2025 Update. Over the planning horizon of the 2025 Update, customer growth is expected to be around 0.8% resulting in a slight increase in the projection of water rate revenues to approximately $26.8 million by FY 2029-30. In addition to rate revenues, the City also receives a variety of other revenues including significant sources in California Polytechnical State University (Cal Poly) and recycled water sales. Other revenues are projected to be approximately $2.8 million in FY 2024-25. Other revenues are Page 49 of 115 Water Rate Study Update 14 City of San Luis Obispo - Water & Wastewater Rate Study Update expected to increase over the review period and are projected to be approximately $3.2 million by FY 2029-30. On a combined basis - taking into account both rate revenues and other revenues - the City’s total projected water revenues are projected to be approximately $28.6 million in FY 2024-25, increasing to approximately $30.1 million by FY 2029-30. It is important to note that these revenue projections do not include rate revenue adjustment, and the increase is the result of assumed customer growth on the water system as well as interest earned on cash reserves. 2.2.3 Projecting Operation and Maintenance Expenses Operation and maintenance (O&M) expenses are incurred by the City to operate and maintain the water system. The costs incurred in this area are expensed during the current year and are not capitalized or depreciated. In general, O&M expenses are grouped into a number of different functional categories. To begin the process of projecting O&M expenses over the planning horizon, HDR utilized the future projected expenses from the City’s fund analysis for the water utility. Total water O&M expenses for the City are projected to be approximately $25.8 million in FY 2024-25. Water O&M expenses are projected to increase to approximately $28.7 million by FY 2029-30 as a result of estimated inflation over the time period as well as capital projects related to the source of supply at Nacimiento, Salinas, and Whale Rock that are expensed annually. The escalation of costs is based on the assumptions from the City’s fund analysis. 2.2.4 Projection of Debt Service Debt can serve a variety of functions for the utility. For example, long-term debt can provide intergenerational equity as the assets purchased with the debt are paid for by the current customers utilizing the services over time. Additionally, issuing long-term debt can help to moderate rate impacts over time lessening the impact of capital projects by spreading the cost out over a longer time period as compared to cash, or pay as you go, financing. The City’s water utility currently has two existing long-term debt issuances and the annual debt service for FY 2024-25 is approximately $1.9 million in total. Over the review period of FY 2024- 25 through FY 2029-30, the City has estimated the need to issue additional long-term debt to fund capital improvement projects. The total debt service increases over the review period and reaches to $2.5 million by FY 2029-30. It is important to note that there are also debt service costs related to Nacimiento that is included in the water source of supply O&M budget which reflects the City’s fund analysis approach. The 2025 Update assumes that $400,000 of annual development impact fee revenues are used to offset annual debt service payments. This is done in order to offset the impact of new customer growth on the water resources, treatment plant, and distribution system. As a note, HDR is not acting as a municipal advisor as it relates to bonds, terms, or structures of debt issuance. Rather, the 2025 Update identifies the existing annual debt service payments and projection future funding needs based on the City’s projection of long-term borrowing terms and conditions. Page 50 of 115 Water Rate Study Update 15 City of San Luis Obispo - Water & Wastewater Rate Study Update 2.2.5 Projecting Rate Funded Capital A key component in the development of the water revenue requirement was adequately funding capital replacement needs. One of the major issues facing many utilities across the U.S. is the amount of deferred capital projects and the funding pressure from renewal and replacement of capital infrastructure projects. 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 types of capital projects that a utility may need to fund. These include the following types: „ Renewal and replacement projects „ Growth / capacity expansion projects „ Regulatory-related projects A renewal and replacement project is a project required for maintaining the existing system that is in place today. As the existing plant or pipelines become worn out, obsolete, etc., the utility should be making continuous investments to maintain the integrity of the facilities. To address these needs, the City developed a capital improvement plan (CIP) which aides in identifying and prioritizing capital replacement of the system. The CIP also includes projects to expand the capacity of facilities to accommodate future capacity needs (customers). Finally, certain projects may be a function of a regulatory requirement in which the Federal or State government mandates the need for an improvement to the system to meet a regulatory standard. Understanding these different types of capital projects is important because the way in which projects are funded may vary by the type of capital project. For example, renewal and replacement projects may be paid for via rates and funded on a “pay-as-you-go basis”. In contrast to this, growth or capacity expansion projects may be funded via the collection of development impact fees (i.e. growth-related charges) in which new development pays a proportional share of the cost of facilities necessary to serve their development (impact). Finally, regulatory projects may be funded by a variety of different means, which may include rates, long-term debt, grants, etc. Provided in Table 2 - 1 is the detail of the capital funding plan for the City’s water system that is included within the development of the proposed revenue requirement. Page 51 of 115 Water Rate Study Update 16 City of San Luis Obispo - Water & Wastewater Rate Study Update Table 2 – 1 Summary of the Water Capital Funding Plan ($000s) FY 2024- 25 FY 2025- 26 FY 2026- 27 FY 2027- 28 FY 2028- 29 FY 2029- 30 Total Source of Supply $1,140 $2,496 $159 $164 $506 $1,681 Total Water Treatment 1,675 1,183 819 583 5,121 13,538 Total Water Distribution 4,655 4,116 4,371 12,203 748 2,295 Total Administration (40) 116 121 20 344 84 CIP Carryover 16,949 0 0 0 0 0 Unidentified Future Capital 0 0 0 0 0 0 Transfer to Cash Reserve 0 0 0 0 255 0 Total Capital $24,379 $7,911 $5,470 $12,970 $6,975 $17,598 Less: Other Funding Sources Capital Fund Reserves $19,580 $4,164 $1,920 $3,770 $0 $1,198 Prop 1B Revenue 3,517 3,748 0 0 0 0 Assumed New Long-Term Debt 0 0 0 5,000 0 9,250 Total Other Funding Sources $23,097 $7,911 $1,920 $8,770 $0 $10,448 Rate Funded Capital $1,282 $0 $3,550 $4,200 $6,975 $7,150 As can be seen in Table 2 - 1, the funding level for projects vary from year-to-year. While the total amount required to fund a project may vary from year to year, the rate study capital funding plan has attempted to provide a consistent funding source for capital improvements. In this case, rates will annually fund an amount ranging from $0 in FY 2024-25 to $7.2 million in FY 2029-30 (as shown in Table 2 - 1). As a point of reference, the City’s annual depreciation expense is approximately $3.3 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. The level of capital funding through rates has been developed to reflect the capital replacement needs of the City over the review period balanced with the use of available reserves and the issuance of long-term debt. In developing this financial plan, HDR and the City have attempted to minimize rate impacts while funding the planned capital replacement projects of the water system. 2.2.6 Summary of the Water Revenue Requirement Given the above projections of revenues and expenses, 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. In particular, emphasis was placed on minimizing rates yet still having adequate funds to support the operational activities and capital replacement needs throughout the projected time period. Detailed exhibits of this analysis can be found in the Water Technical Appendix Exhibits 1 - 5. Provided in Table 2 – 2 is a summary of the revenue requirement analysis performed for the City’s water utility. Page 52 of 115 Water Rate Study Update 17 City of San Luis Obispo - Water & Wastewater Rate Study Update Table 2 - 2 Summary of the Water Revenue Requirement ($000s) FY 2024- 25 FY 2025- 26 FY 2026- 27 FY 2027- 28 FY 2028- 29 FY 2029- 30 Revenues Rate Revenues $25,793 $25,999 $26,207 $26,417 $26,628 $26,841 Other Revenues 2,799 2,885 2,947 3,031 3,118 3,210 Total Revenues $28,592 $28,884 $29,154 $29,447 $29,746 $30,051 Expenses Total O & M $25,838 $30,313 $27,113 $28,246 $27,030 $28,850 Net Debt Service 1,469 1,466 1,455 1,455 1,778 1,790 Rate Funded Capital 1,282 0 3,550 4,200 6,975 7,150 To / (From) Reserves 3 (1,466) (3) 2 11 4 Total Revenue Requirement $28,592 $30,314 $32,116 $33,903 $35,794 $37,794 Total Bal. / (Def.) of Funds $0 ($1,430) ($2,962) ($4,456) ($6,048) ($7,743) Balance a % of Rate Adj. Req'd 0.0% 5.5% 11.3% 16.9% 22.7% 28.8% Proposed Rate Adjustment 0.0% 5.5% 5.5% 5.0% 5.0% 5.0% Add'l Revenue with Rate Adj. $0 $1,430 $2,962 $4,456 $6,048 $7,743 Bal. / (Def.) After Rate Adj. $0 $0 ($0) $0 $0 $0 The revenue requirement for the City’s water utility has summed the O&M, rate funded capital, net debt service, and to / (from) reserves. It is important to note that the “net” in net debt service refers to the use of development impact fees to pay for debt service which results in a reduction in the total debt serve expense. The total revenue requirement is then compared to the total revenues which are 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 rate revenues to determine the level of rate revenue adjustment needed to meet the revenue requirement. The revenue requirement developed in Table 2 - 2 was developed to meet financial planning objectives of the City. More specifically, the City’s need to adequately and prudently fund water utility operating and capital needs. Table 2 - 2 also includes a set of proposed rate revenue adjustments (blue band) which, based on the study assumptions, are sufficient to meet the total revenue requirement over the projected time period. Over the next two-year period, the period for which rates are being proposed, the total deficiency of revenues is 11.3%. The proposed revenue adjustments are a function of assumed inflation over this time period, coupled with the funding of identified capital improvement needs, and meet minimum reserve and debt service coverage ratio levels. If water revenue adjustments are not implemented, the City will not have sufficient funding to prudently operate and maintain the water system. Page 53 of 115 Water Rate Study Update 18 City of San Luis Obispo - Water & Wastewater Rate Study Update 2.2.7 Reserve Levels A key component of determining the financial health and long-term sustainability of the City’s water utility is to review the level of available reserves after the proposed rate adjustments. Reserves play many different purposes. For the City’s water utility, the reserve funds are in place to meet the City’s ongoing cash flow needs as well as meeting target minimum levels established by the City’s financial policies. For the operating fund, a target of 20% of annual O&M expenses is utilized and is approximately $5.2 million in FY 2024-25. There is currently no capital component of the target, however, a general rule of thumb is to set a minimum equal to the average annual capital project funding needs, excluding “one-time” major projects (e.g., water treatment plant upgrade). For the review period (FY 2024-25 through FY 2029-30), the average annual capital is approximately $9.6 million. Over the same time period, the capital fund reserve averages an ending balance of $9.9 million. The final component of the target for the reserve funds is the rate stabilization component which is 10% of rate revenues and for FY 2024-25 is $2.6 million. Over the projected time period the City meets the minimum target reserve fund balances. It is important for the City to review the reserve funds annually and maintain target minimums. 2.2.8 Consultant’s Conclusion of the Revenue Requirement HDR concludes that the City will need to adjust the level of water rate revenues as noted in Table 2-2. Provided below are the conclusions and recommendations of the water revenue requirement: „ Revenue adjustments are necessary to meet the operating and capital costs of providing water service to City’s customers „ The proposed revenue adjustments maintain the water utility’s financial health and provide long-term, sustainable funding levels „ The City should review the level of water rate revenues biannually in order to assess sufficiency The revenue requirement developed above has indicated the need for annual revenue increases to adequately fund the City’s operating, debt service, and capital needs for the water utility. The proposed increases are necessary to adequately and prudently fund the City’s needs. 2.3 Water Cost of Service Analysis Summary The next step in the 2025 Update is the review of the cost of service analysis. A cost of service analysis proportionally distributes the costs of providing water service between the City’s customer classes of service based on the approaches outlined in the American Water Works M1 Manual. The 2023 Rate Study resulted in the establishment of customer classes of service and the City Council adopted rates that included cost of service adjustments. Given the completion of the comprehensive analysis in the 2023 Rate Study, and the FY 2023-24 water rates adopted by the City Council being based on the cost of service results, the 2025 Update maintained the prior study cost of service relationships for the development of proposed water rates for FY 2025-26 and FY 2026-27. Page 54 of 115 Water Rate Study Update 19 City of San Luis Obispo - Water & Wastewater Rate Study Update 2.4 Water Rate Design The final step of the 2025 Update is the development of proposed water rates to collect the desired levels of revenue, based on the results of the previous tasks. As noted, the 2023 Rate Study established specific customer classes of service and rates based on the cost of service results for the residential, multi-family, non-residential, and irrigation customers. The 2025 Update is a continuation of the 2023 Rate Study and reflects the updated customer consumption characteristics and projection of revenue needs. Provided below is a discussion of the development of the proposed water rates for FY 2025-26 and FY 2026-27. 2.4.1 Development of Cost-Based Water Rates Developing cost-based and proportional rates is of paramount importance in the development of the proposed water rates. While always a key consideration in developing 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 utility rates. Given this, the City’s proposed water rates have been developed to meet the legal requirements of California constitution article XIII D, section 6 (Article XIII D), or Proposition 218. A key component of Article XIII D is the development of rates which reflect the cost of providing service and are proportionally allocated among the customer classes of service. The American Water Works Association (AWWA) M1 Manual clearly delineates various methodologies which may be used to establish cost-based rates. HDR reviewed the City’s proposed water rates based on the methodologies provided in the AWWA M1 Manual to meet the requirements of Article XIII D and an administrative record of the steps taken to establish the City’s water rates. HDR is of the opinion that the noticed rates comply with legal requirements of Article XIII D. HDR reached this conclusion based upon the following: x 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 requirements of the City’s water utility. x 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. x 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 in the 2023 Rate Study was specifically developed to focus on the issue of proportional assignment of costs to customer classes of service, and this study maintains the cost of service relationships and proportionality. The proposed rates have appropriately grouped customers into customer classes of service (residential, multi-family, commercial, 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 equity and 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 Page 55 of 115 Water Rate Study Update 20 City of San Luis Obispo - Water & Wastewater Rate Study Update equitably assigned to customer classes of service based upon their proportional impacts and burdens on the City’s water system and/or water resources. The 2025 Update has continued the results of the 2023 Rate Study cost of service results. 2.4.2 Overview of the Water Rate Structure As mentioned, the 2023 Rate Study established the current rate structure based on the customer classes of service and cost of service results. The rate structure is based on the customer classes of service with each having a unique rate structure. For residential customers, the structure includes a monthly flat fixed charge and a three-tier consumption charge. As part of the 2025 Update, the tiers were reviewed and compared to recent consumption patterns. It was determined the tiers established in the 2023 Rate Study continue to reflect current consumption patterns. Given this, the sizing of the tiers was maintained and only the pricing of the tiers was adjusted to reflect the overall revenue needs. The multi-family rate structure includes a monthly fixed based on meter size and a uniform consumption charge. This rate structure reflects the customer characteristics of the multi-family customers. The non-residential customer rate structure includes a fixed charge that varies by meter size and a uniform consumption charge. However, the consumption charge specifically reflects the characteristics of the non-residential customers and will vary from the multi-family and irrigation customer consumption charges. Finally, the irrigation customers will have the same fixed meter charge by meter size as multi- family and non-residential but again, the uniform consumption charge will be unique to the irrigation customer class and consumption characteristics. 2.4.3 Present and Proposed Water Rates Given the implementation of cost of service rates in the 2023 Rate Study, and the 2025 Update projection of rates for the subsequent two-year period (FY 2025-26 through FY 2026-27), the 2025 Update maintains the existing rate structure and cost of service adjustments as outlined in the 2023 Rate Study. Provided in Table 2 - 3 is a summary of the present and proposed water rates for the next two rate setting years. Page 56 of 115 Water Rate Study Update 21 City of San Luis Obispo - Water & Wastewater Rate Study Update Table 2 - 3 Summary of the Present and Proposed Water Rates Present Rate FY 2025-26 FY 2026-27 Proposed Rate Revenue Adjustment 5.5% 5.5% Fixed Charge - $/Month Residential $30.25 $31.91 $33.67 MF / Non-Res / Irr 3/4" & Less $30.25 $31.91 $33.67 1" 50.50 53.28 56.21 1 1/2" 100.80 106.34 112.19 2" 161.30 170.17 179.53 3" 302.60 319.24 336.80 4" 504.45 532.19 561.46 6" 1,008.60 1,064.07 1,122.59 8" 1,613.85 1,702.61 1,796.25 Usage Charge – $/Unit Residential 0 – 5 CCF $8.54 $9.01 $9.51 5 – 12 CCF 9.84 10.38 10.95 12 + CCF 16.97 17.90 18.88 Multi-Family $9.58 $10.11 $10.67 Non-Residential $10.14 $10.70 $11.29 Irrigation $10.35 $10.92 $11.52 Note: 1 unit = 1 CCF = 748 gallons As can be seen, the rate structure was maintained and only the level of the rates was adjusted to reflect the 2025 Update revenue needs. Again, the updated rates reflect the proportionality developed in the cost of service analysis as part of the 2023 Rate Study. 2.5 Summary of the Water Rate Study Update Based on the results of the 2025 Update, HDR developed the following conclusions and recommendations. Based on the revenue requirement, HDR concludes that the City will need to adjust the level of water rate revenues. HDR reached this conclusion for the following reasons: „ Revenue adjustments are necessary to meet the operating and capital costs of providing water service to City’s customers Page 57 of 115 Water Rate Study Update 22 City of San Luis Obispo - Water & Wastewater Rate Study Update „ The proposed revenue adjustments maintain the City’s financial health and provide long- term sustainable funding levels Based on the results of the cost of service analysis, HDR made the following conclusions and recommends: „ The proposed cost of service adjustments from the 2023 Rate Study are maintained in the development of the proposed FY 2025-26 and FY 2026-27 water rates Finally, HDR reached the following conclusions and recommends the proposed water rates: „ The proposed water rates reflect the overall costs of providing water service (i.e., cost- based) „ The current rate structure reflects contemporary and industry standard approaches „ City should review the water rates biannually in order to assess sufficiency In summary, HDR recommends the City adopt the proposed water rates for FY 2025-26 and FY 2026-27 as developed in this 2025 Update to provide to provide sufficient funding for the operating expenses and capital improvement program needs for the water utility. Page 58 of 115 Wastewater Rate Study Update 23 City of San Luis Obispo – Water & Wastewater Rate Study Update Development of the Wastewater Analysis 3.1 Introduction This section describes the development of the City’s wastewater utility 2025 Update. The basis for the study was the City’s wastewater adopted budget, current capital improvement plan, historical customer data, system operation characteristics, and 2023 Rate Study cost of service results. Based on the City’s specific costs, and customer characteristics, cost-based rates were developed to prudently fund the wastewater utility. Provided in this section is the detailed summary of the City’s wastewater rate study 2025 Update. 3.2 Wastewater Revenue Requirement This section describes the development of the revenue requirement analysis for the City’s wastewater utility. The revenue requirement analysis is the first analytical step in the 2025 Update process. From this analysis, a determination can be made as to the overall level of rate adjustments needed to provide adequate and prudent funding for both the operating and capital needs of the wastewater utility. The primary objective of the 2025 Update is to develop cost- based and proportional rates while attempting to minimize the impacts to the utility’s customers. 3.2.1 Determining the Revenue Requirement In developing the City’s wastewater revenue requirement, the utility, must financially “stand on its own” and be properly funded. That is, revenues are not being transferred from other City enterprise or general funds to support the wastewater utility. As a result, the revenue requirement analysis assumes the full and proper funding needed to operate and maintain the wastewater system on a financially sound and prudent basis. 3.2.2 Projecting Rate and Other Miscellaneous Revenues In total, the City’s wastewater utility is projected to receive approximately $19.1 million in rate revenue in FY 2024-25. Over the review period, the study has assumed 0.8% annual customer growth. Based on current rates, and estimated customer growth, the FY 2029-30 rate revenues are projected to be approximately $19.9 million. In addition to rate revenues, the City also receives miscellaneous revenues. These are revenues related to interest income, Cal-Poly charges, fees, permits, etc. In total, the City is projected to receive approximately $2.1 in FY 2024-25 in miscellaneous revenues. The 2025 Update assumes no growth of other or miscellaneous revenues; however, other revenues do decrease over the review period as the revenues from Cal Poly decrease. In FY 2025-26, it is projected that the City will receive approximately $1.3 million in other revenues, a reduction of approximately $800,000 due to the decrease in Cal-Poly wastewater flows to the City. On a combined basis - taking into account the rate revenues and the miscellaneous revenues - the City’s wastewater utility has total projected revenues of approximately $21.2 million in FY 2024-25, increasing to approximately $21.3 million by FY 2029-30 as a result of estimated growth Page 59 of 115 Wastewater Rate Study Update 24 City of San Luis Obispo – Water & Wastewater Rate Study Update as noted above. The assumptions used for growth can be found in Exhibit 2 of the Technical Appendix. 3.2.3 Projecting Operation and Maintenance Expenses Operation and maintenance (O&M) expenses are incurred by the City to maintain the wastewater collection and treatment system. The starting point of the projection of O&M expenses was the adopted FY 2024-25 budget. Budgeted O&M expenses were projected over the 2025 Update time period based on the City’s wastewater fund analysis. The total O&M expenses budgeted for the wastewater utility are projected to be $13.8 million in FY 2024-25. Over the review period, the total O&M expenses are projected to increase to approximately $17.3 million by FY 2029-30 with the expected inflationary impacts. 3.2.4 Projecting Capital Funding Needs A key component in the development of the wastewater revenue requirement was properly and adequately funding capital improvement needs. One of the major issues facing many utilities across the U.S. is the amount of deferred capital projects and the funding pressure from growth/expansion-related and regulatory improvements. The proper and adequate funding of capital projects is an important issue for all utilities and is not just a local issue or concern of the City. In general, there are three types of capital projects that the City may need to fund. These include the following types: „ Renewal and replacement projects „ Growth/capacity expansion projects „ Regulatory-related projects A renewal and replacement project is essentially maintaining the existing system that is in place today. As the City’s existing wastewater collection system and Water Resource Recovery Facility (WRRF) reaches the end of its useful life, becomes obsolete, etc., the City should be making continuous investments to maintain the integrity of its facilities. Currently, the City has developed capital improvement plan which will help guide and prioritize capital projects over time. Additionally, the City may make capital investments to expand the capacity of facilities to accommodate future customers. The capital improvement plan outlines the City’s strategy to address needs systematically, so that timing and necessity of improvements aligns appropriately with other projects throughout the City. Finally, certain projects may be a function of a regulatory requirement in which the Federal or State government mandates the need for an improvement to the system to meet a regulatory standard, such as that of the recent WRRF upgrade project. Understanding these different types of capital projects is important because it helps to explain why costs are increasing and the cost drivers for any needed rate adjustment. In addition, and more importantly, the way in which projects are funded may vary by the type of capital project. For example, renewal and replacement projects may be paid for via 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 connection fees (i.e., growth-related charges) in which new development pays a proportional and equitable share of the cost of improvements required as a Page 60 of 115 Wastewater Rate Study Update 25 City of San Luis Obispo – Water & Wastewater Rate Study Update result of their connection (impact). Finally, regulatory projects may be funded by a variety of different means, which may include rates, long-term debt, grants, etc. While the above discussion appears to neatly divide capital projects into three clearly defined categories, the reality of working with specific capital projects may be more complex. For example, a pump may be replaced, but while being replaced, it is up-sized to accommodate greater capacity. There are many projects that share these “joint” characteristics. At the same time, projects may not be “replacement” related, but rather “improvement” related. Provided below in Table 3 - 1 is a summary of the wastewater capital funding Plan. Table 3 – 1 Summary of the Wastewater Capital Funding Plan ($000s) FY 2024- 25 FY 2025- 26 FY 2026- 27 FY 2027- 28 FY 2028- 29 FY 2029- 30 Total Wastewater Collection $7,487 $5,432 $5,164 $4,453 $4,654 $6,179 Total Water Resource Recovery Facility (6,438) 2,770 1,878 55 56 128 Total Miscellaneous 65 50 121 74 429 42 CIP Carryover 31,003 0 0 0 0 0 Unidentified Future Capital Projects 0 0 0 0 0 0 Transfer to Cash Reserve 0 0 0 0 0 0 Total $32,117 $8,251 $7,163 $4,581 $5,139 $6,348 Less: Other Funding Capital Reserves $31,402 $8,161 $6,188 $2,481 $1,964 $1,223 Add’l Long-Term Debt 0 0 0 0 0 0 Total $31,402 $8,161 $6,188 $2,481 $1,964 $1,223 Rate Funded Capital $715 $90 $975 $2,100 $3,175 $5,125 While the total amount of a project may vary from year to year, this wastewater capital funding plan has attempted to provide a consistent funding source for the replacement fund. In this case, the utility’s rates will annually fund an amount ranging from $90,000 to $5.1 million. As a point of reference, the City’s annual depreciation expense is approximately $2.8 million in FY 2022-23. It is important that in order to minimize rate impacts, wastewater capital has been delayed for several years. A desirable funding target for rate funded capital is an amount equal to or greater than annual depreciation expense. It is important to note and understand that depreciation expense is not the same as replacement cost. Thus, funding an amount which exceeds depreciation expense is both prudent and appropriate. As noted, to help establish a prudent level of annual replacement funding through rates, HDR worked with City staff to develop a funding plan for the capital projects. In developing this financial plan, HDR and the City have attempted to minimize rate impacts while funding the planned capital replacement projects of the City. Page 61 of 115 Wastewater Rate Study Update 26 City of San Luis Obispo – Water & Wastewater Rate Study Update 3.2.5 Projection of Debt Service The City’s wastewater utility currently has four outstanding long-term debt issuances, and one is retired in FY 2028-29. The existing debt service for FY 2024-25 is $7.0 million, of which $5.8M is for the City’s SRF loan for the WRRF upgrade project. As with the water utility, annual wastewater development impact fee revenues are assumed at $300,000 to offset the debt service. This is done in order to offset the impact of new customer growth on the wastewater system and results in next debt service of approximately $6.7 million in FY 2024-25. With the retirement and the addition of future long-term issuances, debt service is expected to decrease slightly and be approximately $6.5 million by FY 2029-30 with net debt service after development impact fee contribution to $6.2 million. 3.2.6 Summary of the Wastewater Revenue Requirement Given the above projections of revenues and expenses, a summary of the wastewater revenue requirement analysis can be developed. In developing the revenue requirement analysis, consideration was given to the financial planning considerations of the City. In particular, emphasis was placed on attempting to minimize rates yet still have adequate funds to support the operational activities and capital projects throughout the projected time period. Presented below in Table 3 – 2 is a summary of the City’s projected wastewater revenue requirement. Detailed exhibits of this analysis can be found in the Technical Appendix (Exhibits 1 – 5). Table 3 - 2 Summary of the Wastewater Revenue Requirement ($000s) FY 2024- 25 FY 2025- 26 FY 2026- 27 FY 2027- 28 FY 2028- 29 FY 2029- 30 Revenues Rate Revenues $19,141 $19,294 $19,448 $19,604 $19,761 $19,919 Other Revenues 2,092 1,216 1,256 1,260 1,269 1,345 Total Revenues $21,233 $20,510 $20,705 $20,864 $21,030 $21,264 Expenses Total O & M $13,809 $14,994 $15,483 $16,029 $16,632 $17,260 Rate Funded Capital 715 90 975 2,100 3,175 5,125 Net Debt Service 6,706 6,799 6,790 6,788 6,787 6,170 To / (From) Reserves 3 (119) 67 23 96 80 Total Revenue Requirement $21,233 $21,764 $23,315 $24,941 $26,690 $28,635 Total Bal. / (Def.) of Funds $0 ($1,254) ($2,610) ($4,077) ($5,661) ($7,372) Balance a % of Rate Adj. Req'd 0.0% 6.5% 13.4% 20.8% 28.6% 37.0% Proposed Rate Adjustment 0.0% 6.5% 6.5% 6.5% 6.5% 6.5% Add'l Revenue with Rate Adj. $0 $1,254 $2,610 $4,077 $5,661 $7,372 Bal. / (Def.) After Rate Adj. $0 ($0) $0 ($0) $0 $0 Page 62 of 115 Wastewater Rate Study Update 27 City of San Luis Obispo – Water & Wastewater Rate Study Update As can be seen, the revenue requirement has summed the O&M, rate funded capital, net debt service, and to / (from) reserves. It is important to note that the “net” in net debt service refers to the use of development impact fees to pay for debt service which results in a reduction in the total debt serve expense. The total revenue requirement is then compared to the total sources of funds 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 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, adjustments in the initial years will reduce the deficiency in the later years. The overall level of wastewater rate revenues should be increased to prudently fund the wastewater system operating, debt service, and capital needs. The revenue requirement developed in Table 3 - 2 has been developed to meet financial planning objectives of the City. More specifically, the City desires to adequately and prudently fund its wastewater operating and capital needs. Table 3 - 2 has also included a set of proposed rate revenue adjustments (blue band) which are sufficient to meet the total revenue requirement over the projected time period. Over the next two year period, the period for which rates are being proposed, the total deficiency of revenues is 13.4%. The proposed revenue adjustments are a function of assumed inflation over this time period coupled with the need to fund capital improvement needs (renewal and replacement funding) and meet minimum reserve and debt service coverage ratio levels. If wastewater revenue adjustments are not implemented, the City will not have sufficient funding to prudently operate and maintain the system or meet the financial requirements of issuing long- term debt for the WRRF Project. 3.2.7 Reserve Levels As with the water utility, a key element of determining the financial health and sustainability of the City’s wastewater utility is to review the level of available reserve levels after the proposed revenue adjustments. The reserve funds are established by the City’s financial policies and in place to meet the wastewater utility annual cash flow needs as well as accomplishing a number of target minimum reserve levels. For the operating fund, a target of 20% of annual O&M expenses and is approximately $2.8 million in FY 2024-25. The capital fund does not currently have an established target, but prudent planning approaches often view an average year of capital expenses as a general rule of thumb. The average capital from FY 2024-25 through FY 2029-30 is approximately $6.4 million and over this time period the capital fund average balance is about $11.4 million and is trending down in the last few years. The final component is the rate stabilization fund which has a target of 5.0% of rate revenues and for FY 2024-25 is approximately $957,000. Over the projected time period the City is meeting the minimum target levels for each of the reserve funds. Page 63 of 115 Wastewater Rate Study Update 28 City of San Luis Obispo – Water & Wastewater Rate Study Update 3.2.8 Consultant’s Conclusions Based on the revenue requirement, HDR concluded that the City will need to adjust the level of wastewater rate revenues over the next two-year period. HDR reached this conclusion for the following reasons: „ Revenue adjustments are necessary to meet the operating and capital costs of providing wastewater service to City’s customers „ The proposed revenue adjustments maintain the City’s financial health and provide long- term sustainable funding levels „ The City should review the level of wastewater rate revenues biannually in order to assess sufficiency In reaching this conclusion, HDR recommends that the City adjust revenue levels in FY 2025-26 and FY 2026-27 to provide sufficient funding for annual O&M and the capital improvement program. 3.3 Wastewater Cost of Service Analysis Summary The next step in the 2025 Update is the review of the cost of service analysis. A cost of service analysis proportionally distributes the costs of providing wastewater service between the customer classes of service based on the approaches outlined in the Water Environment Federation Manual of Practice No. 27 (WEF MOP #27). The 2023 Rate Study resulted in the establishment of customer classes of service and the City Council adopted rates that included cost of service adjustments. Given the completion of the 2023 Rate Study, and the rates adopted by the City Council being based on the cost of service results, this Study maintained the prior cost of service relationships for the development of proposed wastewater rates for FY 2025-26 and FY 2026-27. 3.4 Wastewater Rate Design The final step of the 2025 Update is the development of proposed wastewater rates to collect the desired levels of revenue, based on the results of the previous tasks. The 2023 Rate Study established specific customer classes of service and rates based on the cost of service results for the residential, multi-family, and non-residential customers. The 2025 Update is a continuation of the 2023 Rate Study and reflects the updated customer consumption characteristics and projection of revenue needs. Provided below is a discussion of the development of the proposed wastewater rates for FY 2025-26 and FY 2026-27. 3.4.1 Development of Cost-Based Wastewater Rates Developing cost-based and proportional rates is of paramount importance in the development of the proposed wastewater rates. While always a key consideration in developing 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 utility rates. Given this, the City’s proposed wastewater rates have been developed to meet the legal requirements of California constitution article XIII D, section 6 (Article XIII D), or Proposition 218. A key component Page 64 of 115 Wastewater Rate Study Update 29 City of San Luis Obispo – Water & Wastewater Rate Study Update of Article XIII D is the development of rates which reflect the cost of providing service and are proportionally allocated among the customer classes of service. The Water Environment Federation Manual of Practice No. 27 outlines the methodologies which may be used to establish cost-based rates. HDR reviewed the City’s proposed wastewater rates based on the methodologies provided in the WEF MOP #27 to meet the requirements of Article XIII D to provide an administrative record of the steps taken to establish the City’s wastewater rates given the results and implementation of the 2023 Rate Study. HDR is of the opinion that the noticed rates comply with legal requirements of Article XIII D. HDR reaches this conclusion based upon the following: x The revenue derived from wastewater rates does not exceed the funds required to provide the property related service (i.e., wastewater service). The proposed rates are designed to collect the overall revenue requirement of the City’s wastewater utility. x The revenues derived from wastewater 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 wastewater rates are used exclusively to operate and maintain the City’s wastewater system. x 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 in the 2023 Rate Study was specifically developed to focus on the issue of proportional assignment of costs to customer classes of service, and the 2025 Update maintains the cost of service relationships and proportionality. The proposed rates have appropriately grouped customers into customer classes of service (residential, multi-family, non-residential) 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 which reflect both the level of revenue to be collected by the utility, but also the manner in which these costs are incurred and equitably assigned to customer classes of service based upon their proportional impacts and burdens on the City’s wastewater system. The 2025 Update is a continuation and based on the results of the 2023 Rate Study. 3.4.2 Overview of the Wastewater Rate Structure As mentioned, the 2023 Rate Study established the proportionality of the current rate structure based on the customer classes of service and cost of service results. The rate structure was based on the characteristics of each customer classes of service. For residential customers, the structure includes a monthly flat fixed charge, and a volume charge up to each individual customer’s average winter water use (also referred to as the “sewer cap”). Since wastewater volumes are not metered, average winter water use is used to reflect the volumes, or amounts, of wastewater contributed to the wastewater system for collection and treatment. In this way, customers are billed for the contributions to the wastewater system and not for outdoor watering amounts in the summer. Annually, the City updates the average winter water consumption for each customer. These values are then used for the subsequent rate year to develop the customer bill. Page 65 of 115 Wastewater Rate Study Update 30 City of San Luis Obispo – Water & Wastewater Rate Study Update Multi-family customers includes a monthly fixed charge that varies based on meter size and a volume charge up to each individual customer’s average winter water use. Winter water consumption values for each multi-family customer are determined using the same methodology as those for residential customers. The non-residential rate structure includes a monthly fixed charge that varies based on meter size and a uniform consumption charge based on all metered water consumption. For non- residential customers, separate irrigation meters are, or can be, installed so that the metered water consumption reflects the contributions to the wastewater system similar to the use of average winter water for residential customers. 3.4.3 Present and Proposed Wastewater Rates Given the implementation of cost of service rates in the 2023 Rate Study, the 2025 Update maintained the existing rate structure and cost of service relationships as outlined in the 2023 Rate Study. Provided in Table 3 - 3 is a summary of the present and proposed wastewater rates for the next two rate setting years. Table 3 – 3 Summary of the Present and Proposed Wastewater Rates Present Rates FY 2025-26 FY 2026-27 Fixed Charge - $/Month Residential $24.52 $26.11 $27.81 MF / Non-Res 3/4" & Less $24.52 $26.11 $27.81 1" 40.95 43.61 46.44 1 1/2" 81.65 86.96 92.61 2" 130.70 139.20 148.25 3" 245.21 261.15 278.12 4" 408.76 435.33 463.63 6" 817.28 870.40 926.98 8" 1,307.70 1,392.70 1,483.23 10" 1,880.02 2,002.22 2,132.36 Usage Charge - $/Unit Residential / Multi-Family (up to sewer cap) $9.82 $10.46 $11.14 Non-Residential (all usage) $10.27 $10.94 $11.65 Note: 1 unit = 1 CCF = 748 gallons Page 66 of 115 Wastewater Rate Study Update 31 City of San Luis Obispo – Water & Wastewater Rate Study Update As can be seen, the rate structure has been maintained and only the level of the rates has been adjusted for the 2025 Update. Again, the updated rates reflect the cost of service analysis completed in the 2023 Rate Study and continue the results of the 2023 cost of service results. 3.5 Summary of the Wastewater Rate Study Update Based on the results of the 2025 Update, HDR developed the following conclusions and recommendations. Based on the revenue requirement, HDR concluded that the City will need to adjust the level of wastewater rate revenues. HDR reached this conclusion for the following reasons: „ Revenue adjustments are necessary to meet the operating, debt service, and capital costs of providing wastewater service to City’s customers, of which a large portion is driven by the funding of capital projects related to the WRRF upgrades „ Revenue adjustments are necessary to provide adequate funding of the City’s capital projects on a “pay-as-you-go” basis for renewal and replacement needs „ The proposed revenue adjustments maintain the City’s financial health and provide long- term sustainable funding levels Based on the results of the cost of service analysis, HDR has made the following conclusions and recommendations: „ The proposed cost of service adjustments from the 2023 Rate Study are maintained in the development of the proposed FY 2025-26 and FY 2026-27 wastewater rates Finally, HDR reached the following conclusions and recommendations for the proposed wastewater rates: „ The proposed rates reflect the overall costs of providing wastewater service (i.e., cost- based) „ The current rate structure reflects contemporary and industry standard approaches „ City should review the wastewater rates biannually in order to assess sufficiency In summary, HDR would recommend that the City adopt the proposed wastewater rates for FY 2025-26 and FY 2026-27 as developed in the 2025 Update to provide to provide sufficient funding for the operating expenses and capital improvement program needs for the wastewater utility. Page 67 of 115 Technical Appendix A City of San Luis Obispo –Water & Wastewater Rate Study Update Technical Appendix A – Water Analysis Page 68 of 115 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Revenues Rate Revenues $25,792,735 $25,999,077 $26,207,069 $26,416,726 $26,628,060 $26,841,084 $27,055,813 $27,272,259 $27,490,437 $27,710,361 $27,932,044 Miscellaneous Revenues 2,798,852 2,884,739 2,946,793 3,030,697 3,118,440 3,210,210 3,306,207 3,397,471 3,492,518 3,591,516 3,694,639--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Total Revenues $28,591,587 $28,883,816 $29,153,862 $29,447,423 $29,746,499 $30,051,294 $30,362,019 $30,669,731 $30,982,956 $31,301,877 $31,626,683 Expenses Unfunded Liability $996,375 $959,034 $1,012,396 $1,054,947 $1,099,453 $1,146,183 $1,195,250 $1,246,771 $1,300,868 $1,357,669 $1,417,310 Water Admin / Engineering 4,588,962 5,166,098 5,264,341 5,447,540 5,684,309 5,931,856 6,185,419 6,456,069 6,739,093 7,035,076 7,344,629 Water Source of Supply 13,017,561 16,803,182 13,124,903 13,776,029 12,022,148 13,282,481 13,506,635 13,787,890 13,065,149 13,358,358 13,657,870 Water Treatment 4,292,206 4,290,068 4,497,294 4,706,882 4,864,770 5,028,226 5,197,461 5,372,690 5,554,140 5,742,045 5,936,649 Water Distribution 1,984,884 2,094,442 2,166,829 2,168,206 2,234,024 2,301,855 2,371,762 2,443,808 2,518,060 2,594,587 2,673,459 Water Resources 600,782 637,579 668,611 700,279 721,288 742,926 765,214 788,170 811,815 836,170 861,255 Utility Billing 356,834 362,957 378,706 392,540 404,316 416,446 428,939 441,807 461,559 475,406 489,668 Additional O&M 0 0 0 0 0 0 0 0 0 0 0 Total Operations & Maintenance $25,837,604 $30,313,360 $27,113,079 $28,246,424 $27,030,308 $28,849,974 $29,650,680 $30,537,205 $30,450,684 $31,399,311 $32,380,840 Rate Funded Capital $1,282,175 $0 $3,550,000 $4,200,000 $6,975,000 $7,150,000 $7,690,000 $8,175,000 $10,050,000 $11,320,000 $12,700,000 Net Debt Service 1,468,807 1,465,911 1,455,405 1,454,858 1,778,180 1,789,658 2,380,522 2,970,141 3,346,901 3,362,037 3,359,446 Total To / (From) Reserves 3,000 (1,465,506) (2,568) 2,015 10,512 4,391 188,512 271,796 258,988 291,389 318,379 Total Revenue Requirement $28,591,587 $30,313,765 $32,115,916 $33,903,297 $35,794,000 $37,794,023 $39,909,714 $41,954,142 $44,106,573 $46,372,736 $48,758,665 Bal. / (Def.) of Funds $0 ($1,429,949) ($2,962,054) ($4,455,874) ($6,047,500) ($7,742,729) ($9,547,695) ($11,284,411) ($13,123,617) ($15,070,859) ($17,131,983) Balance a % of Rate Adj. Req'd 0.0%5.5% 11.3% 16.9%22.7% 28.8%35.3% 41.4% 47.7% 54.4% 61.3% Proposed Rate Adjustment 0.0% 5.5% 5.5% 5.0% 5.0% 5.0% 5.0% 4.5% 4.5% 4.5% 4.5% Add'l Revenue with Rate Adj.$0 $1,429,949 $2,962,054 $4,455,874 $6,047,500 $7,742,729 $9,547,695 $11,284,411 $13,123,617 $15,070,859 $17,131,983 Bal. / (Def.) After Rate Adj.$0 $0 ($0) $0 $0 $0 $0 $0 ($0)$0 $0 Additional Rate Adjustment Required 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Average Residential Customer Bill (Base Charge + 6 CCF)$82.79 $87.34 $92.17 $96.80 $101.63 $106.68 $112.01 $117.05 $122.32 $127.83 $133.58 Total Ending Balance $23,855,703 $18,802,287 $21,627,070 $18,434,696 $19,275,993 $18,657,715 $14,384,331 $13,964,443 $12,399,859 $12,971,122 $12,372,537 Exhibit 1 Summary of the Water Revenue Requirement Water Rate Study City of San Luis Obispo 1 of 19 03/21/2025 DR A F T Page 69 of 115 City of San Luis Obispo Water Rate Study Escalations Exhibit 2 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Notes Revenues As Customer GrowthCustomer Growth 0.8%0.8% 0.8% 0.8%0.8% 0.8%0.8% 0.8%0.8% 0.8%0.8% As Rate AdjustmentRate Adjustment 0.0%5.5% 5.5% 5.0%5.0% 5.0%5.0% 4.5%4.5% 4.5%4.5% As Miscellaneous RevenuesMiscellaneous Revenues 0.8%0.8% 0.8% 0.8%0.8% 0.8%0.8% 0.8%0.8% 0.8%0.8% As Expenses As CIPCIP 0.0%4.0% 3.0% 3.0%3.0% 3.0%3.0% 3.0%3.0% 3.0%3.0% As Interest 2.0%2.0% 2.0% 2.0%2.0% 2.0%2.0% 2.0%2.0% 2.0%2.0% New Debt Service Low Interest Loans Term in Years 30 30 30 30 30 30 30 30 30 30 30 Rate 2.5%2.5% 2.5% 2.5%2.5% 2.5%2.5% 2.5%2.5% 2.5%2.5% Revenue Bond Term in Years 30 30 30 30 30 30 30 30 30 30 30 Rate 5.0%5.0% 5.0% 5.0%5.0% 5.0%5.0% 5.0%5.0% 5.0%5.0% 2 of 19 03/21/2025 DR A F T Page 70 of 115 City of San Luis Obispo Page 1 of 7 Water Rate Study Revenue Requirement Exhibit 3 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Revenues Rate Revenues Residential $13,245,990 $13,351,958 $13,458,774 $13,566,444 $13,674,976 $13,784,376 $13,894,651 $14,005,808 $14,117,854 $14,230,797 $14,344,643 As Customer Growth Multi-Family 4,546,687 4,583,061 4,619,725 4,656,683 4,693,937 4,731,488 4,769,340 4,807,495 4,845,955 4,884,722 4,923,800 As Customer Growth Non-Residential 6,058,007 6,106,471 6,155,322 6,204,565 6,254,201 6,304,235 6,354,669 6,405,506 6,456,750 6,508,404 6,560,472 As Customer Growth Irrigation 1,942,050 1,957,587 1,973,248 1,989,034 2,004,946 2,020,985 2,037,153 2,053,450 2,069,878 2,086,437 2,103,129 As Customer Growth-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Rate Revenues $25,792,735 $25,999,077 $26,207,069 $26,416,726 $26,628,060 $26,841,084 $27,055,813 $27,272,259 $27,490,437 $27,710,361 $27,932,044 Other Revenues Interest on Investment $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 Miscellaneous Penalties 118,000 130,000 130,000 130,000 130,000 130,000 130,000 130,000 130,000 130,000 130,000 Utility Set-up Fees - Distribution 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 Utility Set-up Fees - Utility Billing 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 Cal Poly Capacity & Resilience - WTP SST Project Payment 86,267 86,267 86,267 86,267 86,267 86,267 86,267 86,267 86,267 86,267 86,267 Cal Poly Capacity & Resilience 171,175 180,589 190,522 200,048 210,050 220,553 231,580 242,001 252,891 264,272 276,164 As Rate Adjustment Other Utility Charges 0 0 0 0 0 0 0 0 0 0 0 Credit Collections 14,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 Development Review Fees 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 Miscellaneous Revenue 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 Cal Poly 1,183,946 1,249,063 1,317,761 1,383,649 1,452,832 1,525,473 1,601,747 1,673,826 1,749,148 1,827,859 1,910,113 As Rate Adjustment Recycled Water Sales 1,044,464 1,052,820 1,061,243 1,069,733 1,078,290 1,086,917 1,095,612 1,104,377 1,113,212 1,122,118 1,131,095 As Customer Growth Low Income Subsidy (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) Future Unidentified Other Revenue 0 0 0 0 0 0 0 0 0 0 0 Other City Licenses & Permits 25,000 25,000 0 0 0 0 0 0 0 0 0--------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Other Revenues $2,798,852 $2,884,739 $2,946,793 $3,030,697 $3,118,440 $3,210,210 $3,306,207 $3,397,471 $3,492,518 $3,591,516 $3,694,639 Total Revenues $28,591,587 $28,883,816 $29,153,862 $29,447,423 $29,746,499 $30,051,294 $30,362,019 $30,669,731 $30,982,956 $31,301,877 $31,626,683 Expenses Unfunded Liability 52003-PERS Unfunded Liability - ADP Payments $245,418 $164,840 $164,840 $164,840 $164,840 $164,840 $164,840 $164,840 $164,840 $164,840 $164,840 52003-PERS Unfunded Liability 750,957 794,194 847,556 890,107 934,613 981,343 1,030,410 1,081,931 1,136,028 1,192,829 1,252,470--------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Unfunded Liability $996,375 $959,034 $1,012,396 $1,054,947 $1,099,453 $1,146,183 $1,195,250 $1,246,771 $1,300,868 $1,357,669 $1,417,310 Notes 3 of 19 03/21/2025 DR A F T Page 71 of 115 City of San Luis Obispo Page 2 of 7 Water Rate Study Revenue Requirement Exhibit 3 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Notes Water Admin / Engineering 51001-Salaries - Regular $738,961 $805,253 $845,515 $887,791 $914,425 $941,858 $970,113 $999,217 $1,029,193 $1,060,069 $1,091,871 51003-Salaries - Contract 67,819 71,210 74,770 78,509 80,864 83,290 85,789 88,362 91,013 93,744 96,556 51004-Salaries - Temporary 61,280 129,736 132,953 70,939 73,067 75,259 77,517 79,843 82,238 84,705 87,246 51010-Overtime 2,500 2,625 2,756 2,894 2,981 3,070 3,162 3,257 3,355 3,456 3,559 52001-Retirement Contributions 56,293 59,107 62,063 65,166 67,121 69,134 71,208 73,345 75,545 77,811 80,146 52002-Retirement PARS - 401 894 939 986 1,035 1,067 1,099 1,131 1,165 1,200 1,236 1,274 53001-Employee Group Insurance 55,897 58,692 61,627 64,708 66,649 68,649 70,708 72,830 75,014 77,265 79,583 53002-Retiree Healthcare 10,975 11,523 12,099 12,704 13,086 13,478 13,882 14,299 14,728 15,170 15,625 55001-Medicare 10,508 11,033 11,585 12,164 12,529 12,905 13,292 13,691 14,101 14,525 14,960 61001-Advertising and Public Outreach 95,000 98,800 102,752 105,835 109,010 112,280 115,648 119,118 122,691 126,372 130,163 61007-Legal Services 40,000 91,600 43,264 44,562 45,899 47,276 48,694 50,155 51,659 53,209 54,806 61008-Parking 10,910 11,346 11,800 12,154 12,519 12,894 13,281 13,680 14,090 14,513 14,948 61013-Other Contract Services 189,995 161,005 84,765 87,308 89,927 92,625 95,404 98,266 101,214 104,250 107,378 61501-City Water Service 400 416 433 446 459 473 487 502 517 532 548 61502-City Sewer Service 330 343 357 368 379 390 402 414 426 439 452 61503-Electric Service 2,800 3,136 3,293 3,457 3,630 3,812 4,002 4,203 4,413 4,633 4,865 61504-Natural Gas Service 1,100 1,144 1,190 1,225 1,262 1,300 1,339 1,379 1,421 1,463 1,507 61505-Communication Service 2,800 2,912 3,028 3,119 3,213 3,309 3,409 3,511 3,616 3,725 3,836 62002-Office Supplies 3,590 3,734 3,883 4,000 4,120 4,243 4,371 4,502 4,637 4,776 4,919 62003-Postage 200 208 216 223 229 236 243 251 258 266 274 62004-Publications and Subscriptions 800 2,656 2,762 2,845 2,930 3,018 3,109 3,202 3,298 3,397 3,499 62007-Employee Recognition 1,250 1,290 1,332 1,364 1,397 1,432 1,467 1,504 1,541 1,580 1,620 62009-Software Licensing and Maint Agreements 31,520 40,683 42,137 43,243 44,382 45,556 41,493 42,738 44,020 45,341 46,701 62010-Office Expenses - Other 0 12,500 0 0 0 0 0 0 0 0 0 62505-Machinery and Equipment 2,750 2,860 2,974 3,064 3,156 3,250 3,348 3,448 3,552 3,658 3,768 62506-Safety Materials and Supplies 400 416 433 446 459 473 487 502 517 532 548 62509-Misc Materials and Supplies 1,550 1,612 1,676 1,727 1,779 1,832 1,887 1,943 2,002 2,062 2,124 63001-Membership and Certifications 8,281 8,613 8,957 9,226 9,502 9,788 10,081 10,384 10,695 11,016 11,346 63002-Education and Training 18,250 28,980 30,139 31,043 31,975 32,934 33,922 34,940 35,988 37,067 38,179 63003-Trips and Meetings 500 520 541 557 574 591 609 627 646 665 685 65013-Credit Cards Merchant Fees 223,992 210,625 216,943 223,452 230,155 237,060 244,172 251,497 259,042 266,813 274,817 75001-Transfers - Out 1,387,992 1,568,431 1,646,853 1,729,195 1,815,655 1,906,438 2,001,760 2,101,847 2,206,940 2,317,287 2,433,151 75002-Reimbursement Transfer Out 1,559,425 1,762,150 1,850,258 1,942,771 2,039,909 2,141,905 2,249,000 2,361,450 2,479,522 2,603,498 2,733,673--------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Water Admin / Engineering $4,588,962 $5,166,098 $5,264,341 $5,447,540 $5,684,309 $5,931,856 $6,185,419 $6,456,069 $6,739,093 $7,035,076 $7,344,629 4 of 19 03/21/2025 DR A F T Page 72 of 115 City of San Luis Obispo Page 3 of 7 Water Rate Study Revenue Requirement Exhibit 3 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Notes Water Source of Supply 51001-Salaries - Regular $131,504 $138,079 $144,983 $152,233 $156,800 $161,503 $166,349 $171,339 $176,479 $181,774 $187,227 51010-Overtime 400 420 441 463 477 491 506 521 537 553 569 51018-Call Back 1,000 1,050 1,103 1,158 1,192 1,228 1,265 1,303 1,342 1,382 1,424 52001-Retirement Contributions 12,641 13,273 13,937 14,634 15,073 15,525 15,991 16,470 16,964 17,473 17,998 53001-Employee Group Insurance 17,266 18,129 19,035 19,987 20,587 21,204 21,840 22,496 23,171 23,866 24,582 53002-Retiree Healthcare 2,055 2,157 2,265 2,378 2,450 2,523 2,599 2,677 2,757 2,840 2,925 55001-Medicare 1,873 1,966 2,065 2,168 2,233 2,300 2,369 2,440 2,513 2,589 2,666 61012-Water Supply 62,500 64,980 67,579 69,607 71,695 73,846 76,061 78,343 80,693 83,114 85,607 61013-Other Contract Services 16,500 17,160 17,846 18,382 18,933 19,501 20,086 20,689 21,310 21,949 22,607 61017-Nacimiento contribution for O & M 1,404,929 1,461,125 1,519,570 1,565,157 1,612,112 1,660,475 1,710,290 1,761,598 1,814,446 1,868,880 1,924,946 61018-Nacimiento contribution for Electric Service 714,503 953,303 1,273,959 1,681,627 1,765,708 1,853,993 1,946,693 2,044,028 2,146,229 2,253,540 2,366,217 61019-Nacimiento contribution for Capital Projects 2,503,607 789,896 262,500 273,000 283,920 295,277 307,088 319,371 332,146 345,432 359,249 61020-Nacimiento contribution for Debt Service 4,621,208 4,622,040 4,615,844 4,621,896 4,622,732 4,617,371 4,612,077 4,626,248 4,616,791 4,621,413 4,620,904 61021-Salinas contribution for O & M 1,420,351 1,336,541 1,390,003 1,431,703 1,474,654 1,518,893 1,564,460 1,611,394 1,659,736 1,709,528 1,760,814 61022-Salinas contribution for Electric Service 287,100 275,000 164,594 95,053 99,806 104,796 110,036 115,538 121,315 127,380 133,750 61023-Salinas contribution for Capital Projects 184,475 5,053,430 1,101,500 745,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 61024-Whale Rock contribution for O & M 721,170 735,977 758,057 780,798 804,222 828,349 853,199 878,795 905,159 932,314 960,283 61025-Whale Rock contribution for Electric Service 352,500 306,306 292,383 168,851 177,294 186,158 195,466 205,240 215,502 226,277 237,591 61026-Whale Rock contribution for Capital Projects 402,694 82,575 539,490 423,885 11,010 1,029,435 1,001,910 1,001,910 11,010 11,010 11,010 61026-Whale Rock contribution for Capital Projects - Reserves 0 762,357 762,357 1,524,714 189,922 189,922 189,922 189,922 189,922 189,922 189,922 61503-Electric Service 100,976 113,093 118,747 124,685 130,919 137,465 144,338 151,555 159,133 167,089 175,444 62501-Chemicals 14,000 14,700 15,435 16,207 16,693 17,194 17,710 18,241 18,788 19,352 19,932 62503-Equipment Maintenance Supplies 7,000 7,280 7,571 7,798 8,032 8,273 8,521 8,777 9,040 9,312 9,591 62509-Misc Materials and Supplies 35,510 30,472 31,691 32,642 33,621 34,629 35,668 36,738 37,841 38,976 40,145 63001-Membership and Certifications 1,800 1,872 1,947 2,005 2,065 2,127 2,191 2,257 2,325 2,394 2,466-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Water Source of Supply $13,017,561 $16,803,182 $13,124,903 $13,776,029 $12,022,148 $13,282,481 $13,506,635 $13,787,890 $13,065,149 $13,358,358 $13,657,870 Water Treatment 51001-Salaries - Regular $1,358,444 $1,563,097 $1,641,251 $1,723,314 $1,775,013 $1,828,264 $1,883,112 $1,939,605 $1,997,793 $2,057,727 $2,119,459 51010-Overtime 70,992 74,542 78,269 82,182 84,648 87,187 89,803 92,497 95,272 98,130 101,074 51017-Standby 19,500 20,475 21,499 22,574 23,251 23,948 24,667 25,407 26,169 26,954 27,763 51018-Call Back 12,000 5,000 5,250 5,513 5,678 5,848 6,024 6,204 6,390 6,582 6,780 52001-Retirement Contributions 131,573 138,152 145,060 152,313 156,882 161,589 166,436 171,429 176,572 181,869 187,325 53001-Employee Group Insurance 215,584 226,363 237,681 249,565 257,052 264,764 272,707 280,888 289,315 297,994 306,934 53002-Retiree Healthcare 22,322 23,438 24,610 25,840 26,615 27,414 28,236 29,083 29,956 30,855 31,780 55001-Medicare 20,095 21,100 22,155 23,263 23,961 24,680 25,420 26,183 26,968 27,777 28,610 61005-Data Processing Services 1,100 1,144 1,190 1,225 1,262 1,300 1,339 1,379 1,421 1,463 1,507 61013-Other Contract Services 461,098 438,610 456,285 470,112 484,358 499,038 514,164 529,751 545,811 562,360 579,412 61027-Control Systems 13,792 14,344 14,917 15,365 15,826 16,301 16,790 17,293 17,812 18,347 18,897 61503-Electric Service 944,179 750,000 787,500 826,875 868,219 911,630 957,211 1,005,072 1,055,325 1,108,092 1,163,496 61505-Communication Service 8,800 9,152 9,518 9,804 10,098 10,401 10,713 11,034 11,365 11,706 12,057 61506-Solid Waste Service 6,713 6,981 7,261 7,478 7,703 7,934 8,172 8,417 8,669 8,930 9,197 62002-Office Supplies 3,100 3,224 3,353 3,454 3,557 3,664 3,774 3,887 4,004 4,124 4,247 62004-Publications and Subscriptions 1,400 1,456 1,514 1,560 1,606 1,655 1,704 1,755 1,808 1,862 1,918 62007-Employee Recognition 1,100 1,144 1,190 1,225 1,262 1,300 1,339 1,379 1,421 1,463 1,507 62009-Software Licensing and Maint Agreements 183 190 198 204 210 216 223 229 236 243 251 62010-Office Expenses - Other 300 312 324 334 344 355 365 376 387 399 411 62501-Chemicals 795,819 726,974 763,322 801,488 825,533 850,299 875,808 902,082 929,145 957,019 985,730 62502-Construction Materials and Supplies 31,400 32,656 33,962 34,981 36,031 37,111 38,225 39,372 40,553 41,769 43,022 62503-Equipment Maintenance Supplies 71,948 92,964 96,683 99,583 102,571 105,648 108,817 112,082 115,444 118,907 122,475 62506-Safety Materials and Supplies 26,680 27,747 28,857 29,723 30,614 31,533 32,479 33,453 34,457 35,491 36,555 62509-Misc Materials and Supplies 49,498 85,435 88,852 91,518 94,263 97,091 100,004 103,004 106,094 109,277 112,555 63001-Membership and Certifications 3,286 3,417 3,554 3,661 3,771 3,884 4,000 4,120 4,244 4,371 4,502 63002-Education and Training 21,300 22,152 23,038 23,729 24,441 25,174 25,930 26,707 27,509 28,334 29,184--------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Water Treatment $4,292,206 $4,290,068 $4,497,294 $4,706,882 $4,864,770 $5,028,226 $5,197,461 $5,372,690 $5,554,140 $5,742,045 $5,936,649 5 of 19 03/21/2025 DR A F T Page 73 of 115 City of San Luis Obispo Page 4 of 7 Water Rate Study Revenue Requirement Exhibit 3 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Notes Water Distribution 51001-Salaries - Regular $1,050,433 $1,102,954 $1,158,102 $1,216,007 $1,252,487 $1,290,062 $1,328,764 $1,368,627 $1,409,685 $1,451,976 $1,495,535 51010-Overtime 18,000 18,900 19,845 20,837 21,462 22,106 22,769 23,453 24,156 24,881 25,627 51017-Standby 19,000 19,950 20,948 21,995 22,655 23,334 24,034 24,755 25,498 26,263 27,051 51018-Call Back 45,000 47,250 49,613 52,093 53,656 55,266 56,924 58,631 60,390 62,202 64,068 52001-Retirement Contributions 101,288 106,353 111,670 117,254 120,771 124,395 128,126 131,970 135,929 140,007 144,207 53001-Employee Group Insurance 171,150 179,708 188,693 198,128 204,071 210,193 216,499 222,994 229,684 236,575 243,672 53002-Retiree Healthcare 17,052 17,904 18,800 19,740 20,332 20,942 21,570 22,217 22,884 23,570 24,277 55001-Medicare 15,072 15,826 16,617 17,448 17,971 18,510 19,065 19,637 20,227 20,833 21,458 56003-Contingency Expense 87,904 90,541 93,257 0 0 0 0 0 0 0 0 61005-Data Processing Services 9,300 9,672 10,059 10,361 10,671 10,992 11,321 11,661 12,011 12,371 12,742 61011-Maintenance 1,000 1,040 1,082 1,114 1,147 1,182 1,217 1,254 1,291 1,330 1,370 61013-Other Contract Services 133,762 139,112 144,677 149,017 153,488 158,092 162,835 167,720 172,752 177,934 183,272 61027-Control Systems 22,542 23,444 24,381 25,113 25,866 26,642 27,442 28,265 29,113 29,986 30,886 61503-Electric Service 41,580 35,000 36,750 38,588 40,517 42,543 44,670 46,903 49,249 51,711 54,296 61505-Communication Service 18,000 18,720 19,469 20,053 20,654 21,274 21,912 22,570 23,247 23,944 24,662 62002-Office Supplies 1,550 1,612 1,676 1,727 1,779 1,832 1,887 1,943 2,002 2,062 2,124 62003-Postage 150 156 162 167 172 177 183 188 194 200 206 62004-Publications and Subscriptions 500 520 541 557 574 591 609 627 646 665 685 62007-Employee Recognition 900 927 955 983 1,013 1,043 1,075 1,107 1,140 1,174 1,210 62008-Furniture and Fixtures 500 520 541 557 574 591 609 627 646 665 685 62010-Office Expenses - Other 400 416 433 446 459 473 487 502 517 532 548 62501-Chemicals 300 315 331 347 358 368 379 391 403 415 427 62502-Construction Materials and Supplies 134,212 139,580 145,163 149,518 154,004 158,624 163,383 168,284 173,333 178,533 183,889 62503-Equipment Maintenance Supplies 18,000 18,720 19,469 20,053 20,654 21,274 21,912 22,570 23,247 23,944 24,662 62506-Safety Materials and Supplies 13,590 14,134 14,699 15,140 15,594 16,062 16,544 17,040 17,551 18,078 18,620 62509-Misc Materials and Supplies 38,300 64,753 41,425 42,668 43,948 45,267 46,625 48,023 49,464 50,948 52,476 63001-Membership and Certifications 4,400 4,576 4,759 4,902 5,049 5,200 5,356 5,517 5,683 5,853 6,029 63002-Education and Training 20,500 21,320 22,173 22,838 23,523 24,229 24,956 25,704 26,475 27,270 28,088 63003-Trips and Meetings 500 520 541 557 574 591 609 627 646 665 685--------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Water Distribution $1,984,884 $2,094,442 $2,166,829 $2,168,206 $2,234,024 $2,301,855 $2,371,762 $2,443,808 $2,518,060 $2,594,587 $2,673,459 6 of 19 03/21/2025 DR A F T Page 74 of 115 City of San Luis Obispo Page 5 of 7 Water Rate Study Revenue Requirement Exhibit 3 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Notes Water Resources 51001-Salaries - Regular $421,889 $442,983 $465,132 $488,389 $503,041 $518,132 $533,676 $549,686 $566,177 $583,162 $600,657 51010-Overtime 5,000 5,250 5,513 5,788 5,962 6,141 6,325 6,515 6,710 6,911 7,119 52001-Retirement Contributions 36,385 38,204 40,114 42,120 43,383 44,685 46,025 47,406 48,828 50,293 51,802 53001-Employee Group Insurance 52,068 54,671 57,405 60,275 62,083 63,946 65,864 67,840 69,875 71,972 74,131 53002-Retiree Healthcare 5,409 5,680 5,964 6,262 6,450 6,643 6,843 7,048 7,260 7,477 7,702 55001-Medicare 5,782 6,071 6,374 6,693 6,894 7,101 7,314 7,533 7,759 7,992 8,231 61001-Advertising and Public Outreach 5,250 5,460 5,678 5,849 6,024 6,205 6,391 6,583 6,780 6,984 7,193 61005-Data Processing Services 6,100 6,344 6,598 6,796 7,000 7,210 7,426 7,649 7,878 8,114 8,358 61013-Other Contract Services 8,400 16,236 16,885 17,392 17,914 18,451 19,005 19,575 20,162 20,767 21,390 61505-Communication Service 2,200 2,288 2,380 2,451 2,524 2,600 2,678 2,759 2,841 2,927 3,014 62001-Print and Reproduction 1,000 1,040 1,082 1,114 1,147 1,182 1,217 1,254 1,291 1,330 1,370 62002-Office Supplies 600 624 649 668 688 709 730 752 775 798 822 62003-Postage 2,500 2,600 2,704 2,785 2,869 2,955 3,043 3,135 3,229 3,326 3,425 62007-Employee Recognition 350 364 379 390 402 414 426 439 452 466 480 62506-Safety Materials and Supplies 1,450 1,508 1,568 1,615 1,664 1,714 1,765 1,818 1,873 1,929 1,987 62509-Misc Materials and Supplies 32,700 34,008 35,368 36,429 37,522 38,648 39,807 41,002 42,232 43,499 44,804 63001-Membership and Certifications 7,700 8,008 8,328 8,578 8,836 9,101 9,374 9,655 9,944 10,243 10,550 63002-Education and Training 5,000 5,200 5,408 5,570 5,737 5,909 6,087 6,269 6,457 6,651 6,851 63003-Trips and Meetings 1,000 1,040 1,082 1,114 1,147 1,182 1,217 1,254 1,291 1,330 1,370--------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Water Resources $600,782 $637,579 $668,611 $700,279 $721,288 $742,926 $765,214 $788,170 $811,815 $836,170 $861,255 Utility Billing 51001-Salaries - Regular $87,263 $91,627 $96,208 $101,018 $104,049 $107,170 $110,385 $113,697 $117,108 $120,621 $124,240 51004-Salaries - Temporary 0 0 0 0 0 0 0 0 0 0 0 51010-Overtime 1,500 1,575 1,654 1,736 1,789 1,842 1,897 1,954 2,013 2,073 2,136 52001-Retirement Contributions 8,767 9,205 9,666 10,149 10,453 10,767 11,090 11,423 11,765 12,118 12,482 53001-Employee Group Insurance 11,738 12,325 12,941 13,588 13,996 14,416 14,849 15,294 15,753 16,225 16,712 53002-Retiree Healthcare 1,114 1,170 1,229 1,290 1,329 1,369 1,410 1,452 1,496 1,541 1,587 55001-Medicare 1,776 1,865 1,958 2,056 2,118 2,182 2,247 2,314 2,384 2,455 2,529 61005-Data Processing Services 30,250 31,460 32,718 33,700 34,711 35,752 36,825 37,930 39,067 40,240 41,447 61013-Other Contract Services 132,355 128,326 133,459 137,463 141,586 145,834 150,209 154,715 159,357 164,137 169,062 61028-Personnel Services 0 51 106 110 113 116 120 123 6,624 6,823 7,028 62001-Print and Reproduction 21,600 22,464 23,363 24,063 24,785 25,529 26,295 27,084 27,896 28,733 29,595 62002-Office Supplies 250 260 270 279 287 295 304 313 323 333 343 62003-Postage 57,470 59,768 62,159 64,024 65,945 67,923 69,961 72,060 74,221 76,448 78,741 62007-Employee Recognition 100 104 108 111 115 118 122 125 129 133 137 62505-Machinery and Equipment 375 390 406 418 430 443 457 470 484 499 514 62509-Misc Materials and Supplies 125 130 135 139 143 148 152 157 161 166 171 63001-Membership and Certifications 50 52 54 56 57 59 61 63 65 67 69 63002-Education and Training 1,500 1,560 1,622 1,671 1,721 1,773 1,826 1,881 1,937 1,995 2,055 63003-Trips and Meetings 600 624 649 668 688 709 730 752 775 798 822 --------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Utility Billing $356,834 $362,957 $378,706 $392,540 $404,316 $416,446 $428,939 $441,807 $461,559 $475,406 $489,668 7 of 19 03/21/2025 DR A F T Page 75 of 115 City of San Luis Obispo Page 6 of 7 Water Rate Study Revenue Requirement Exhibit 3 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Notes Additional O&M Future O&M $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0--------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Additional O&M $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Operations & Maintenance $25,837,604 $30,313,360 $27,113,079 $28,246,424 $27,030,308 $28,849,974 $29,650,680 $30,537,205 $30,450,684 $31,399,311 $32,380,840 Rate Funded Capital $1,282,175 $0 $3,550,000 $4,200,000 $6,975,000 $7,150,000 $7,690,000 $8,175,000 $10,050,000 $11,320,000 $12,700,000 $3,340,219 FY 2022-23 Dep. Exp. Debt Service 2012 Revenue Refunding Bonds $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Debt Schedule 2018 Refunding Bond (Water Admin/Eng)27,327 27,284 20,929 20,829 20,891 20,914 20,900 20,943 20,848 20,742 20,717 Debt Schedule 2018 Refunding Bond (Water Treatment)888,250 887,250 885,000 886,500 886,500 900,000 891,250 881,250 870,000 887,500 887,250 Debt Schedule 2020 CIEDB (I-Bank) Loan 953,230 951,376 949,476 947,529 945,532 943,486 941,389 939,239 937,036 934,777 932,462 Debt Schedule Additional Long-Term Debt 0 0 0 0 325,257 325,257 926,983 1,528,709 1,919,017 1,919,017 1,919,017 Calculated @ 5% for 30 yrs ---------------------------------------------------------------------------------------------------------------------------------------------------------- Total Debt Service $1,868,807 $1,865,911 $1,855,405 $1,854,858 $2,178,180 $2,189,658 $2,780,522 $3,370,141 $3,746,901 $3,762,037 $3,759,446 LESS: Development Impact Fees $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 $400,000 ---------------------------------------------------------------------------------------------------------------------------------------------------------- Net Debt Service $1,468,807 $1,465,911 $1,455,405 $1,454,858 $1,778,180 $1,789,658 $2,380,522 $2,970,141 $3,346,901 $3,362,037 $3,359,446 To / (From) Reserves To/From Operating Reserve $3,000 ($1,465,506)($2,568)$2,015 $10,512 $4,391 $13,512 $86,796 $58,988 $81,389 $93,379 To/From Capital Reserve 0 0 0 0 0 0 175,000 185,000 200,000 210,000 225,000 To/From Bond Reserve 0 0 0 0 0 0 0 0 0 0 0--------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total To / (From) Reserves $3,000 ($1,465,506) ($2,568) $2,015 $10,512 $4,391 $188,512 $271,796 $258,988 $291,389 $318,379 Total Revenue Requirement $28,591,587 $30,313,765 $32,115,916 $33,903,297 $35,794,000 $37,794,023 $39,909,714 $41,954,142 $44,106,573 $46,372,736 $48,758,665 Bal. / (Def.) of Funds $0 ($1,429,949) ($2,962,054) ($4,455,874) ($6,047,500) ($7,742,729) ($9,547,695) ($11,284,411) ($13,123,617) ($15,070,859) ($17,131,983) Balance a % of Rate Adj. Req'd 0.0% 5.5% 11.3% 16.9% 22.7% 28.8% 35.3% 41.4% 47.7% 54.4% 61.3% Proposed Rate Adjustment 0.0%5.5% 5.5% 5.0% 5.0% 5.0% 5.0% 4.5% 4.5% 4.5% 4.5% Months of Adjustment 12 12 12 12 12 12 12 12 12 12 12 Add'l Revenue with Rate Adj.$0 $1,429,949 $2,962,054 $4,455,874 $6,047,500 $7,742,729 $9,547,695 $11,284,411 $13,123,617 $15,070,859 $17,131,983 Bal. / (Def.) After Rate Adj.$0 $0 ($0)$0 $0 $0 $0 $0 ($0)$0 $0 Add'l Rate Adj. Req'd 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 8 of 19 03/21/2025 DR A F T Page 76 of 115 City of San Luis Obispo Page 7 of 7 Water Rate Study Revenue Requirement Exhibit 3 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Notes Average Residential Customer Bill $82.79 (Base Charge + 6 CCF) Customer Bill on Proposed Adjustment $87.34 $92.17 $96.80 $101.63 $106.68 $112.01 $117.05 $122.32 $127.83 $133.58 Bill Difference - Monthly 4.55 4.83 4.63 4.83 5.05 5.33 5.04 5.27 5.50 5.75 Cumulative Bill Difference 4.55 9.38 14.01 18.84 23.89 29.22 34.26 39.53 45.04 50.79 Debt Service Coverage Ratio (all debt, without DIF) Before Rate Adjustment 1.47 0.00 1.10 0.65 1.25 0.55 0.26 0.04 0.14 0.00 0.00 After Proposed Rate Adjustment 1.47 0.00 2.70 3.05 4.02 4.08 3.69 3.39 3.64 3.98 4.36 Debt Service Coverage Ratio (all debt, with DIF) Before Rate Adjustment 1.90 0.00 1.53 1.08 1.61 0.91 0.54 0.28 0.36 0.19 0.01 After Proposed Rate Adjustment 1.90 0.43 3.13 3.48 4.39 4.45 3.98 3.63 3.86 4.19 4.57 Reserve Funds Total Beginning Balance $43,032,553 $23,855,703 $18,802,287 $21,627,070 $18,434,696 $19,275,993 $18,657,715 $14,384,331 $13,964,443 $12,399,859 $12,971,122 Operating Fund Beginning Balance $5,167,521 $6,062,672 $5,422,616 $5,649,285 $5,406,062 $5,769,995 $5,930,136 $6,107,441 $6,090,137 $6,279,862 $6,476,168 20% of O&M Plus: Additions 3,000 0 0 2,015 10,512 4,391 13,512 86,796 58,988 81,389 93,379 Less: Uses of Funds 0 (1,465,506) (2,568)0 0 0 0 0 0 0 0 Ending Balance $5,170,521 $4,597,166 $5,420,048 $5,651,300 $5,416,573 $5,774,385 $5,943,648 $6,194,237 $6,149,125 $6,361,251 $6,569,547 Capital Fund Beginning Balance $35,110,103 $15,050,129 $10,462,758 $12,890,526 $9,761,079 $10,047,617 $9,067,228 $4,421,223 $3,812,901 $1,841,875 $1,988,551 Balance of Funds Plus: Additions 0 0 0 0 255,129 0 175,000 185,000 200,000 210,000 225,000 Plus: FEMA Reimbursement 0 0 4,171,875 0 0 0 0 0 0 0 0 Development Impact Fees 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 Less: Capital Project Funding (19,979,850) (4,563,567) (2,320,179) (4,170,045)(400,000)(1,598,325) (5,437,552) (1,667,340) (2,799,228)(695,782)(1,892,620) Ending Balance $15,930,253 $11,286,562 $13,114,454 $9,520,481 $10,416,208 $9,249,292 $4,604,676 $3,738,883 $2,013,673 $2,156,093 $1,120,931 Rate Stabilization Beginning Balance $2,579,273 $2,742,903 $2,916,912 $3,087,260 $3,267,556 $3,458,381 $3,660,351 $3,855,667 $4,061,405 $4,278,122 $4,506,403 10% of Rate Revenues Plus: Additions 0 0 0 0 0 0 0 0 0 0 0 Less: Capital Project Funding 0 0 0 0 0 0 0 0 0 0 0 Ending Balance $2,579,273 $2,742,903 $2,916,912 $3,087,260 $3,267,556 $3,458,381 $3,660,351 $3,855,667 $4,061,405 $4,278,122 $4,506,403 UFL Trust Beginning Balance $175,656 $175,656 $175,656 $175,656 $175,656 $175,656 $175,656 $175,656 $175,656 $175,656 $175,656 Plus: Additions 0 0 0 0 0 0 0 0 0 0 0 Less: Capital Project Funding 0 0 0 0 0 0 0 0 0 0 0 Ending Balance $175,656 $175,656 $175,656 $175,656 $175,656 $175,656 $175,656 $175,656 $175,656 $175,656 $175,656 Total Ending Balance $23,855,703 $18,802,287 $21,627,070 $18,434,696 $19,275,993 $18,657,715 $14,384,331 $13,964,443 $12,399,859 $12,971,122 $12,372,537 Days of O&M 337 226 291 238 260 236 177 167 149 151 139 9 of 19 03/21/2025 DR A F T Page 77 of 115 City of San Luis Obispo Water Rate Study Page 1 of 3 Capital Improvement Plan Exhibit 4 Capital Improvement Projects FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Total Notes Source of Supply Salinas Reservoir Transfer of Ownership Plan $550,000 $0 $0 $0 $0 $0 $0 $0 $0 $1,304,773 $1,343,916 $3,198,690 SGMA GSP (Groundwater Basin Management)150,000 156,000 159,135 163,909 168,826 173,891 179,108 184,481 0 0 0 1,335,350 Groundwater Well Development Program 350,000 2,340,000 0 0 0 0 0 0 0 0 0 2,690,000 Source Water Strategic Plan 90,000 0 0 0 0 0 298,513 0 0 0 0 388,513 Future Source Water Strategy 0 0 0 0 337,653 1,507,056 1,552,268 1,598,836 0 0 0 4,995,813------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Total Source of Supply $1,140,000 $2,496,000 $159,135 $163,909 $506,479 $1,680,947 $2,029,889 $1,783,317 $0 $1,304,773 $1,343,916 $12,608,366 Water Treatment Water Treatment Plant - Major Equipment Maintenance $180,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $180,000 Ozone System Maintenance 0 145,600 148,526 152,982 157,571 162,298 167,167 172,182 177,348 182,668 188,148 1,654,491 Chemical System Maintenance 0 34,320 35,010 36,060 37,142 38,256 39,404 40,586 41,803 43,058 44,349 389,987 Air Compressor and Dryer Maintenance 0 7,280 7,426 7,649 7,879 8,115 8,358 8,609 8,867 9,133 9,407 82,725 Water Treatment Plant - Asset Replacement 0 0 0 0 0 0 53,732 55,344 57,005 58,715 60,476 285,272 Contact Basin Drain Repair - Ozone System 0 39,520 0 0 0 0 0 0 0 0 0 39,520 Package Thickener 25,000 0 0 0 540,244 0 0 0 0 0 0 565,244 Actiflo Poly Blend Units 0 26,000 0 0 0 0 0 0 0 0 0 26,000 Secondary Transformers and Arc Flash 0 0 0 0 0 0 597,026 0 0 0 0 597,026 Washwater Reclamation pipe celaning 0 0 0 0 0 44,052 0 0 0 0 0 44,052 Actiflo Electrical Panel Replacement (Allen Bradley)0 0 0 0 112,551 0 0 0 0 0 0 112,551 Cityworks Integration Plan - Implementation 0 0 0 131,127 0 0 0 0 0 0 0 131,127 Facility Master Plan 0 0 0 0 787,856 1,159,274 597,026 1,229,874 1,266,770 1,304,773 1,343,916 7,689,490 Effluent Pipe Corrosion Protection 0 52,000 0 0 0 0 0 0 0 0 0 52,000 Sludge Drying Bed Reconstruction 0 0 0 0 0 69,556 382,097 0 0 0 0 451,653 Filter Media Replacement and Underdrain Repairs 0 499,200 0 0 0 0 0 0 0 0 0 499,200 Water Plant - Roof Replacement 0 312,000 0 0 0 0 0 0 0 0 0 312,000 Water Treatment Plant - Water Meter Replacement 30,000 0 0 0 0 0 0 0 0 0 0 30,000 Salinas Water Meter 0 52,000 53,045 0 0 0 0 0 0 0 0 105,045 Drying Bed Meters 0 4,992 0 0 0 0 0 0 0 0 0 4,992 Effluent Meter Relocation 0 0 33,949 0 0 0 0 0 0 0 0 33,949 Waterline Replacement: Stenner Canyon at Reservoir 0 0 0 0 90,041 1,275,201 0 0 0 0 0 1,365,242 Raw Waterline Replacement: 30" (south of bridge)0 0 0 0 0 0 19,105 196,780 0 0 0 215,885 Water Storage Tank Major Maintenance 0 0 0 0 0 0 1,313,458 1,352,861 1,393,447 1,435,251 1,478,308 6,973,324 Edna Tank Internal and External Coatings 0 0 0 0 3,376,526 0 0 0 0 0 0 3,376,526 Water Reservoir 1 40,000 0 0 49,173 0 0 53,732 0 0 58,715 0 201,620 Water Reservoir 2 0 0 0 49,173 0 0 53,732 0 0 58,715 0 161,620 Storage Tanks 0 10,400 10,609 0 11,255 11,593 0 12,299 12,668 0 0 68,823 T-3 Water Storage Tank Replacement - High Pressure Zone 900,000 0 530,450 0 0 10,723,285 11,044,984 0 0 0 0 23,198,719 Debt Funded Energy Efficiency Project (SST)0 0 0 0 0 0 417,918 0 0 0 0 417,918 Remove Plant Water Generator 500,397 0 0 0 0 0 0 0 0 0 0 500,397 Fleet - WTP 1000521-14-WTP 1/2 ton Crew Cab 4X4 Pickup (1004-F150)0 0 0 74,852 0 0 0 0 0 0 0 74,852 Service Body Truck (1644)0 0 0 0 0 0 0 122,987 0 0 0 122,987 2000521-XX - WTP Utility Cart 0 0 0 0 0 46,371 0 0 0 0 0 46,371 Water Treatment Plant Forklift (0910)0 0 0 81,955 0 0 0 0 0 0 0 81,955------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Total Water Treatment $1,675,397 $1,183,312 $819,015 $582,970 $5,121,065 $13,538,003 $14,747,740 $3,191,523 $2,957,908 $3,151,027 $3,124,606 $50,092,565 10 of 19 03/21/2025 DR A F T Page 78 of 115 City of San Luis Obispo Water Rate Study Page 2 of 3 Capital Improvement Plan Exhibit 4 Capital Improvement Projects FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Total Notes Water Distribution Waterline Replacement (General Distribution)$0 $0 $0 $0 $0 $0 $0 $3,935,596 $2,026,832 $4,175,274 $0 $10,137,703 Johnson - Iris to Bishop Water Pipeline Replacement 440,000 0 0 0 0 0 0 0 0 0 0 440,000 Santa Rosa - Stenner Creek to Highland 30" Water Pipeline Rplc 150,000 0 0 10,085,870 0 0 0 0 0 0 0 10,235,870 Debt Funded Chorro - Highland to Meinecke 24" Water Pipeline Replacement 2,620,000 104,000 0 0 0 0 0 0 0 0 0 2,724,000 Foothill - Chorro to California 24" Pipeline Inter-tie 0 0 0 0 0 0 3,892,610 0 0 0 0 3,892,610 Luneta - San Jose to Broad 12" Water Pipeline Replacement 0 0 0 0 0 0 0 0 0 391,432 6,800,217 7,191,649 Highland and UPRR at Cal Poly Water Pipeline Replacement 0 0 0 0 0 985,383 0 0 0 0 0 985,383 Rockview - Stoneridge to Broad Water Pipeline Replacement 0 0 0 0 0 0 0 159,884 1,938,158 0 0 2,098,042 Patricia, Highland, and La Entrada Water Pipeline Replacement 0 0 134,734 138,776 0 0 0 0 0 0 0 273,511 Craig, Christina, and Jaycee Water Pipeline Replacement 0 0 0 0 0 0 0 0 0 0 174,709 174,709 California - Stafford to Mill Water Pipeline Replacement 0 1,944,800 0 0 0 0 0 0 0 0 0 1,944,800 Terrace Hill Booster Pump Station 0 0 0 0 0 0 53,732 184,481 3,204,928 0 0 3,443,142 Water Distribution System - Point Repairs 0 260,000 0 273,182 0 405,746 0 430,456 443,370 456,671 470,371 2,739,794 Waterline Abandonment & Connections 50,000 0 53,045 54,636 56,275 57,964 59,703 61,494 63,339 65,239 67,196 588,890 Water Utility Trench Repair 280,000 353,600 360,706 371,527 382,673 394,153 405,978 418,157 430,702 443,623 456,932 4,298,051 Water Utility Raise Valve Covers 35,000 296,400 37,132 38,245 39,393 40,575 41,792 43,046 44,337 45,667 47,037 708,623 Water Meters and Boxes 0 0 0 27,318 28,138 28,982 59,703 61,494 221,685 228,335 235,185 890,839 AMI Water Meters 460,000 511,680 521,963 0 0 0 0 0 0 0 0 1,493,643 AMI Radio 360,000 406,640 414,812 0 0 0 0 0 0 0 0 1,181,452 AMI Meter Box Lids 75,000 78,000 79,568 0 0 0 0 0 0 0 0 232,568 Fire Hydrants 55,000 57,200 58,350 60,100 61,903 63,760 65,673 67,643 69,672 71,763 73,915 704,979 Water Distribution System Hydraulic Model & Master Plan Update 0 0 0 131,127 0 0 0 0 0 0 0 131,127 Recycled Water UV Bulb Replacement (annual replacement)0 0 10,609 10,927 11,255 11,593 11,941 12,299 12,668 13,048 13,439 107,778 Recycled Water Pump Station Maintenance 60,000 0 0 0 0 0 0 0 760,062 782,864 806,350 2,409,276 RW Pump Upgrade 0 0 0 0 0 52,167 0 0 0 0 0 52,167 RW Effluent Meter Replacement 0 0 47,741 0 0 0 0 0 0 0 0 47,741 Chemical Storage Tank Replacement 0 104,000 0 0 0 0 0 0 0 0 0 104,000 Recycled Water Storage Expansion 0 0 0 0 0 23,185 0 0 0 0 0 23,185 Orcutt Street - Fernwood to Laurel Pipeline 25,000 0 2,015,710 0 0 0 0 0 0 0 0 2,040,710 Recycled Waterline at Tank Farm - Long to Innovation Pipeline 0 0 0 0 0 0 29,851 2,121,532 0 0 0 2,151,384 Recycled Waterline at Broad Street - Tank Farm to Aerovista 0 0 0 0 0 0 59,703 2,631,930 0 0 0 2,691,633 Recycled Water System Retrofits (potable to recycled)0 0 0 0 0 0 0 61,494 190,016 0 0 251,509 Ignition System for Recycled Water System 45,000 0 0 0 0 0 0 0 0 0 0 45,000 Fleet - Water Distribution Dump Truck (0840)0 0 0 0 0 202,873 0 0 0 0 0 202,873 Backhoe (0720)0 0 0 273,182 0 0 0 0 0 97,858 0 371,040 Service body trucks (0846, 0847)0 0 636,540 655,636 0 0 0 0 0 0 0 1,292,176 Medium duty truck with bed & crane 0 0 0 82,501 0 0 0 0 0 0 0 82,501 Pickup (1629)0 0 0 0 0 0 94,330 0 0 0 0 94,330 Water Distribution Pickup (1523)0 0 0 0 0 0 0 0 0 125,911 0 125,911 Water Distribution Pickup (1903)0 0 0 0 0 0 0 0 0 125,911 0 125,911 Water Distribution Pickup (1908)0 0 0 0 0 0 0 110,074 0 0 0 110,074 Trailer (0235)0 0 0 0 0 28,982 0 0 0 0 0 28,982 Water Distribution Portable Generator (2007)0 0 0 0 0 0 0 0 0 0 268,783 268,783 Water Distribution Portable Generator (1619)0 0 0 0 0 0 238,810 0 0 0 0 238,810 Water Distribution Hydro Ex Trailer (1621)0 0 0 0 168,826 0 0 0 0 0 0 168,826------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Total Water Distribution $4,655,000 $4,116,320 $4,370,908 $12,203,029 $748,463 $2,295,363 $5,013,826 $10,299,579 $9,405,768 $7,023,594 $9,414,134 $69,545,983 11 of 19 03/21/2025 DR A F T Page 79 of 115 City of San Luis Obispo Water Rate Study Page 3 of 3 Capital Improvement Plan Exhibit 4 Capital Improvement Projects FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Total Notes Admin, IT, & Fleet Public Works - Misc $0 $0 $0 $0 $0 $57,964 $0 $55,344 $0 $65,239 $67,196 $245,743 Mid-Higuera 45,000 0 0 0 0 0 0 0 0 0 0 45,000 Buchon/Santa Rosa (150,000)0 0 0 0 0 0 0 0 0 0 (150,000) Overpass - Elks Lane 0 0 0 0 0 0 59,703 0 0 0 0 59,703 Prado Bridge Waterline Replacement 0 0 0 0 0 0 35,822 0 0 0 0 35,822 Pavement Management (Water Fund Contribution)0 2,080 0 0 0 0 0 0 0 0 0 2,080 ATP - Higuera Corridor Complete Street Design (Water Fund Contribution)0 2,080 0 0 0 0 0 0 0 0 0 2,080 Corp Yard Material Storage Stalls (Water Fund Contribution)0 0 26,523 0 281,377 0 0 0 0 0 0 307,900 Corporation Yard Permimeter Fence Replacement (Water Fund Contribution)0 0 0 0 0 0 0 6,149 76,006 0 0 82,156 Corporation Yard EV Charging Station (Water Fund Contribution)0 0 84,872 0 0 0 0 0 0 0 0 84,872 879 Roofing Project 65,000 78,000 0 0 0 0 0 0 0 0 0 143,000 Fleet Compact Pickup (1613)$0 $0 $0 $0 $0 $0 $62,688 $0 $0 $0 $0 $62,688 Shared IT Network Firewalls $0 $0 $0 $0 $0 $22,902 $0 $0 $0 $0 $30,779 $53,681 Network Security Upgrade 0 0 0 10,690 0 0 12,765 0 0 15,242 0 38,697 Network Switch Infrastructure Repl. 0 0 0 0 39,113 0 0 0 0 52,565 0 91,678 Radio Handhelds Repl. 0 0 0 0 0 0 0 83,192 0 0 0 83,192 UB System Upgrade 0 0 0 0 0 0 0 0 0 0 135,458 135,458 Uninterruptible Power Supplies (UPS) Battery Replacement 0 0 0 2,344 0 0 2,799 0 0 3,342 0 8,485 Virtual Private Network Replacment 0 0 0 0 0 3,146 0 0 0 0 4,228 7,374 City SAN (Network Storage)0 0 9,727 0 0 0 12,322 0 0 0 15,609 37,657 Vmware Infrastructure 0 16,455 0 0 19,459 0 0 23,235 0 0 27,744 86,893 VoIP 0 17,170 0 0 0 0 0 0 0 0 28,950 46,121 PD/City backup storage, secondary storage 0 0 0 0 3,914 0 0 0 0 0 0 3,914 Wireless System Citywide 0 0 0 7,103 0 0 0 0 9,546 0 0 16,648------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Total Admin, IT, & Fleet ($40,000) $115,785 $121,121 $20,137 $343,864 $84,012 $186,097 $167,921 $85,552 $136,387 $309,964 $1,530,841 CIP Carryover $16,948,799 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $16,948,799 Unidentified Future Capital Projects $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfer to Cash Reserve $0 $0 $0 $0 $255,129 $0 $0 $0 $0 $0 $0 $255,129 Total Capital Improvement Projects $24,379,196 $7,911,417 $5,470,179 $12,970,045 $6,975,000 $17,598,325 $21,977,552 $15,442,340 $12,449,228 $11,615,782 $14,192,620 $150,981,683 Less: Outside Funding Sources Operating Fund Reserves $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Capital Fund Reserves 19,579,850 4,163,567 1,920,179 3,770,045 0 1,198,325 5,037,552 1,267,340 2,399,228 295,782 1,492,620 41,124,488 Prop 1B Revenue 2,860,000 3,747,850 0 0 0 0 0 0 0 0 0 6,607,850 State Grants 657,171 0 0 0 0 0 0 0 0 0 0 657,171 Assumed Debt Proceeds 0 0 0 0 0 0 0 0 0 0 0 0 Assumed New Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 Additional Revenue Bonds 0 0 0 5,000,000 0 9,250,000 9,250,000 6,000,000 0 0 0 29,500,000------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Total Funding Sources $23,097,021 $7,911,417 $1,920,179 $8,770,045 $0 $10,448,325 $14,287,552 $7,267,340 $2,399,228 $295,782 $1,492,620 $77,889,509 Rate Funded Capital $1,282,175 $0 $3,550,000 $4,200,000 $6,975,000 $7,150,000 $7,690,000 $8,175,000 $10,050,000 $11,320,000 $12,700,000 $73,092,175 12 of 19 03/21/2025 DR A F T Page 80 of 115 City of San Luis Obispo Water Rate Study Page 1 of 3 Revenues at Present Rates Exhibit 5 Effective 7.1.24 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Total Residential Base Fee $ / Acct. / Mo. 5/8"$30.25 4,353 4,353 4,343 4,306 4,300 4,290 4,288 4,279 4,473 4,360 4,284 4,225 4,225 3/4"30.25 4,795 4,806 4,860 4,836 4,831 4,836 4,914 4,918 5,152 5,120 5,026 5,007 5,007 1"30.25 4,391 4,399 4,424 4,426 4,429 4,463 4,474 4,521 4,677 4,610 4,593 4,582 4,582 1 1/2"30.25 28 28 28 28 28 28 28 28 29 28 29 29 29 2"30.25 19 19 19 19 19 19 19 19 21 20 20 20 20 3"30.25 1 1 1 1 1 1 1 1 1 1 1 1 8"30.25 15 15 16 15 15 16 15 15 16 15 15 16 16-----------------------------------------------------------------------------------------------------------------------------------------------13,601 13,621 13,691 13,631 13,623 13,653 13,739 13,781 14,369 14,154 13,968 13,880 13,880 Volume Charge $ / CCF 0 - 5 CCF $8.54 51,288 51,126 43,455 34,672 43,392 45,388 48,087 49,926 50,117 48,122 50,579 50,141 566,292 5 - 12 CCF 9.84 25,666 22,262 9,747 4,041 9,575 11,060 15,855 21,551 23,653 22,258 26,627 22,412 214,708 12 + CCF 16.97 9,075 6,550 1,921 714 1,571 2,715 3,319 6,372 9,803 8,301 16,606 8,737 75,685-------------------------------------------------------------------------------------------------------------------------------------------------86,029 79,939 55,122 39,427 54,538 59,163 67,261 77,849 83,573 78,681 93,813 81,290 856,685 Revenues Base Fee $411,430 $412,035 $414,153 $412,338 $412,096 $413,003 $415,605 $416,875 $434,662 $428,159 $422,532 $419,870 $5,012,758 Volume Charge 844,561 766,837 499,605 347,975 491,451 542,519 623,000 746,565 827,103 770,847 975,767 797,002 8,233,233----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Total Residential Revenues $1,255,991 $1,178,873 $913,757 $760,313 $903,547 $955,523 $1,038,605 $1,163,440 $1,261,765 $1,199,005 $1,398,299 $1,216,872 $13,245,990 Multi-Family Base Fee $ / Acct. / Mo. 5/8"$30.25 385 383 380 380 378 378 378 377 385 382 376 374 374 3/4"30.25 251 253 255 255 257 256 257 259 262 263 260 259 259 1"50.50 232 235 233 233 234 234 233 235 240 234 236 237 237 1 1/2"100.80 132 133 132 132 132 132 134 132 135 132 132 133 133 2"161.30 105 104 107 105 105 105 106 106 108 107 106 107 107 3"302.60 3 3 3 3 3 3 3 3 3 3 3 3 3 4"504.45 11 11 11 11 11 11 11 11 11 11 11 11 11 6"1,008.60 6 6 6 6 6 5 5 5 5 5 5 6 6 8"1,613.85 4 4 4 4 5 5 5 5 5 5 5 5 5-----------------------------------------------------------------------------------------------------------------------------------------------1,129 1,132 1,131 1,129 1,131 1,129 1,132 1,133 1,154 1,142 1,134 1,135 1,135 Volume Charge $ / CCF All Use $9.58 36,032 34,958 28,778 21,461 29,364 30,713 32,507 32,559 31,230 28,578 32,931 33,903 373,014-------------------------------------------------------------------------------------------------------------------------------------------------36,032 34,958 28,778 21,461 29,364 30,713 32,507 32,559 31,230 28,578 32,931 33,903 373,014 Revenues Base Fee $80,161 $80,252 $80,504 $80,181 $81,845 $80,807 $81,149 $81,079 $82,289 $81,462 $81,129 $82,360 $973,218 Volume Charge 345,183 334,896 275,693 205,599 281,306 294,232 311,414 311,915 299,185 273,779 315,474 324,795 3,573,469----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Total Multi-Family Revenues $425,344 $415,148 $356,197 $285,780 $363,151 $375,038 $392,563 $392,994 $381,474 $355,241 $396,604 $407,155 $4,546,687 13 of 19 03/21/2025 DR A F T Page 81 of 115 City of San Luis Obispo Water Rate Study Page 2 of 3 Revenues at Present Rates Exhibit 5 Effective 7.1.24 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Total Non-Residential Base Fee $ / Acct. / Mo. 5/8"$30.25 408 405 409 407 403 402 400 400 403 403 410 401 401 3/4"30.25 561 559 565 564 564 563 567 570 563 570 569 575 575 1"50.50 348 347 347 352 349 349 351 349 352 351 351 351 351 1 1/2"100.80 171 172 173 172 171 173 174 173 172 174 172 173 173 2"161.30 182 181 185 182 184 183 185 183 187 185 184 184 184 3"302.60 21 21 21 21 22 21 21 21 21 21 22 23 23 4"504.45 21 21 22 21 21 21 21 21 21 21 21 21 21 6"1,008.60 7 7 7 7 7 7 7 7 7 7 7 7 7 8"1,613.85 3 3 3 3 3 3 3 3 3 3 3 3 3-----------------------------------------------------------------------------------------------------------------------------------------------1,722 1,716 1,732 1,729 1,724 1,722 1,729 1,727 1,729 1,735 1,739 1,738 1,738 Volume Charge $ / CCF All Use $10.14 44,248 42,147 31,922 21,096 30,222 33,995 37,541 40,100 43,072 42,620 45,436 39,444 451,842-------------------------------------------------------------------------------------------------------------------------------------------------44,248 42,147 31,922 21,096 30,222 33,995 37,541 40,100 43,072 42,620 45,436 39,444 451,842 Revenues Base Fee $122,329 $122,067 $123,620 $122,693 $122,945 $122,622 $123,207 $122,773 $123,348 $123,388 $123,509 $123,822 $1,476,324 Volume Charge 448,680 427,375 323,686 213,909 306,454 344,705 380,665 406,612 436,749 432,165 460,719 399,963 4,581,683----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Total Non-Residential Revenues $571,009 $549,443 $447,306 $336,602 $429,399 $467,327 $503,872 $529,385 $560,097 $555,554 $584,228 $523,785 $6,058,007 Irrigation Base Fee $ / Acct. / Mo. 5/8"$30.25 37 36 36 36 36 36 36 36 37 38 36 36 36 3/4"30.25 175 176 176 175 176 176 177 175 175 174 175 173 173 1"50.50 168 170 171 171 171 171 171 171 175 173 175 173 173 1 1/2"100.80 90 92 91 91 91 90 90 91 91 90 91 91 91 2"161.30 67 68 67 67 67 66 65 65 65 67 65 65 65 3"302.60 1 1 1 2 1 1 1 1 1 1 1 1 1 4"504.45 2 2 2 2 2 2 2 2 2 2 2 2 2 6"1,008.60 2 2 2 2 2 2 2 2 2 2 2 2 2 8"1,613.85 1 1 1 1 1 1 1 1 1 1 1 1 1-----------------------------------------------------------------------------------------------------------------------------------------------543 548 547 547 547 545 545 544 549 548 548 544 544 Volume Charge $ / CCF All Use $10.35 16,188 10,149 2,575 1,172 1,342 4,207 7,652 15,228 19,484 19,150 24,428 19,849 141,426-------------------------------------------------------------------------------------------------------------------------------------------------16,188 10,149 2,575 1,172 1,342 4,207 7,652 15,228 19,484 19,150 24,428 19,849 141,426 Revenues Base Fee $39,719 $40,183 $39,971 $40,243 $39,971 $39,709 $39,578 $39,618 $39,850 $39,971 $39,820 $39,659 $478,291 Volume Charge 167,549 105,043 26,655 12,128 13,895 43,541 79,202 157,610 201,663 198,200 252,835 205,438 1,463,759----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Total Irrigation Revenues $207,268 $145,226 $66,626 $52,371 $53,866 $83,250 $118,779 $197,228 $241,514 $238,171 $292,655 $245,097 $1,942,050 14 of 19 03/21/2025 DR A F T Page 82 of 115 City of San Luis Obispo Water Rate Study Page 3 of 3 Revenues at Present Rates Exhibit 5 Effective 7.1.24 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Total Summary % of Total Customers Residential 13,601 13,621 13,691 13,631 13,623 13,653 13,739 13,781 14,369 14,154 13,968 13,880 13,880 79.8% Multi-Family 1,129 1,132 1,131 1,129 1,131 1,129 1,132 1,133 1,154 1,142 1,134 1,135 1,135 6.5% Non-Residential 1,722 1,716 1,732 1,729 1,724 1,722 1,729 1,727 1,729 1,735 1,739 1,738 1,738 10.0% Irrigation 543 548 547 547 547 545 545 544 549 548 548 544 544 3.1% Recycled Water 81 81 84 81 85 85 82 83 86 87 88 88 88 0.5%----------------------------------------------------------------------------------------------------------------------------------Total Number of Customers 17,076 17,098 17,185 17,117 17,110 17,134 17,227 17,268 17,887 17,666 17,477 17,385 17,385 Consumption Residential 86,029 79,939 55,122 39,427 54,538 59,163 67,261 77,849 83,573 78,681 93,813 81,290 856,685 44.3% Multi-Family 36,032 34,958 28,778 21,461 29,364 30,713 32,507 32,559 31,230 28,578 32,931 33,903 373,014 19.3% Non-Residential 44,248 42,147 31,922 21,096 30,222 33,995 37,541 40,100 43,072 42,620 45,436 39,444 451,842 23.3% Irrigation 16,188 10,149 2,575 1,172 1,342 4,207 7,652 15,228 19,484 19,150 24,428 19,849 141,426 7.3% Recycled Water 12,509 8,671 2,007 865 989 3,617 6,678 13,075 14,587 17,495 17,734 13,900 112,127 5.8% ------------------------------------------------------------------------------------------------------------------------------------------------------------Total Consumption 195,007 175,864 120,404 84,020 116,456 131,695 151,639 178,811 191,947 186,523 214,341 188,387 1,935,094 Revenues Base Fee $653,639 $654,537 $658,248 $655,455 $656,857 $656,141 $659,539 $660,345 $680,150 $672,980 $666,991 $665,711 $7,940,591 29.6% Residential 411,430 412,035 414,153 412,338 412,096 413,003 415,605 416,875 434,662 428,159 422,532 419,870 5,012,758 18.7% Multi-Family 80,161 80,252 80,504 80,181 81,845 80,807 81,149 81,079 82,289 81,462 81,129 82,360 973,218 3.6% Non-Residential 122,329 122,067 123,620 122,693 122,945 122,622 123,207 122,773 123,348 123,388 123,509 123,822 1,476,324 5.5% Irrigation 39,719 40,183 39,971 40,243 39,971 39,709 39,578 39,618 39,850 39,971 39,820 39,659 478,291 1.8% Recycled Water 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0% Volume Charge 1,922,496 1,714,921 1,144,333 787,670 1,102,321 1,258,691 1,456,490 1,744,493 1,900,576 1,837,956 2,169,983 1,856,678 18,896,608 70.4% Residential 844,561 766,837 499,605 347,975 491,451 542,519 623,000 746,565 827,103 770,847 975,767 797,002 8,233,233 30.7% Multi-Family 345,183 334,896 275,693 205,599 281,306 294,232 311,414 311,915 299,185 273,779 315,474 324,795 3,573,469 13.3% Non-Residential 448,680 427,375 323,686 213,909 306,454 344,705 380,665 406,612 436,749 432,165 460,719 399,963 4,581,683 17.1% Irrigation 167,549 105,043 26,655 12,128 13,895 43,541 79,202 157,610 201,663 198,200 252,835 205,438 1,463,759 5.5% Recycled Water 116,522 80,769 18,695 8,060 9,216 33,694 62,210 121,790 135,877 162,965 165,188 129,479 1,044,464 3.9%----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Total Revenues $2,576,135 $2,369,458 $1,802,581 $1,443,125 $1,759,178 $1,914,832 $2,116,029 $2,404,838 $2,580,726 $2,510,935 $2,836,974 $2,522,388 $26,837,199 FY 2024-25 Budget $26,506,593 Difference $330,606 Percent 1.2% FY 2023-24 Actual $24,884,864 Difference $1,952,335 Percent 7.8% Prior Study Rev Req FY 2024-25 $26,878,210 Difference ($41,011) Percent -0.2% 15 of 19 03/21/2025 DR A F T Page 83 of 115 City of San Luis Obispo Water Rate Study Residential Rates Present Rates FY 2025-26 FY 2026-27 Fixed Charge Per Account $30.25 $31.91 $33.67 Consumption Charge 0 - 5 CCF $8.54 $9.01 $9.51 5 - 12 CCF 9.84 10.38 10.95 12 + CCF 16.97 17.90 18.88 16 of 19 03/21/2025 DR A F T Page 84 of 115 City of San Luis Obispo Water Rate Study Multi-Family Rates Present Rates FY 2025-26 FY 2026-27 Fixed Charge 3/4" & Less $30.25 $31.91 $33.67 1"50.50 53.28 56.21 1 1/2"100.80 106.34 112.19 2"161.30 170.17 179.53 3"302.60 319.24 336.80 4"504.45 532.19 561.46 6"1,008.60 1,064.07 1,122.59 8"1,613.85 1,702.61 1,796.25 Consumption Charge All Use $9.58 $10.11 $10.67 17 of 19 03/21/2025 DR A F T Page 85 of 115 City of San Luis Obispo Water Rate Study Non-Residential Rates Present Rates FY 2025-26 FY 2026-27 Fixed Charge 3/4" & Less $30.25 $31.91 $33.67 1"50.50 53.28 56.21 1 1/2"100.80 106.34 112.19 2"161.30 170.17 179.53 3"302.60 319.24 336.80 4"504.45 532.19 561.46 6"1,008.60 1,064.07 1,122.59 8"1,613.85 1,702.61 1,796.25 Consumption Charge All Use $10.14 $10.70 $11.29 18 of 19 03/21/2025 DR A F T Page 86 of 115 City of San Luis Obispo Water Rate Study Irrigation Rates Present Rates FY 2025-26 FY 2026-27 Fixed Charge 3/4" & Less $30.25 $31.91 $33.67 1"50.50 53.28 56.21 1 1/2"100.80 106.34 112.19 2"161.30 170.17 179.53 3"302.60 319.24 336.80 4"504.45 532.19 561.46 6"1,008.60 1,064.07 1,122.59 8"1,613.85 1,702.61 1,796.25 Consumption Charge All Use $10.35 $10.92 $11.52 19 of 19 03/21/2025 DR A F T Page 87 of 115 Technical Appendix B City of San Luis Obispo –Water & Wastewater Rate Study Update Technical Appendix B – Wastewater Analysis Page 88 of 115 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Revenues Rate Revenues $19,140,992 $19,294,120 $19,448,473 $19,604,061 $19,760,893 $19,918,980 $20,078,332 $20,238,959 $20,400,871 $20,564,078 $20,728,590 Miscellaneous Revenues 2,091,847 1,215,587 1,256,106 1,259,935 1,268,705 1,344,541 1,377,303 1,447,686 1,487,260 1,529,448 1,716,724 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Revenues $21,232,839 $20,509,707 $20,704,579 $20,863,995 $21,029,598 $21,263,522 $21,455,635 $21,686,645 $21,888,131 $22,093,526 $22,445,314 Expenses Total Unfunded Liability $1,016,890 $979,538 $1,033,969 $1,077,374 $1,122,772 $1,170,440 $1,220,491 $1,273,044 $1,328,226 $1,386,166 $1,447,003 Total Finance NonDepart 87,904 90,541 93,257 0 0 0 0 0 0 0 0 Total Wastewater Admin and Engineering 5,119,918 5,776,668 5,958,158 6,176,323 6,443,656 6,723,111 7,015,258 7,320,692 7,638,771 7,972,647 8,321,774 Total Wastewater Collection 1,519,166 1,600,108 1,677,309 1,755,343 1,808,995 1,864,307 1,921,330 1,980,119 2,040,728 2,103,216 2,167,643 Total Environmental Programs 415,941 565,915 456,871 477,967 492,306 507,075 522,287 537,956 554,095 570,718 587,839 Total Water Resource Recovery 4,517,815 4,807,649 5,036,357 5,263,892 5,448,357 5,639,683 5,838,143 6,044,020 6,257,610 6,479,221 6,709,175 Total Utility Billing 377,280 384,216 400,810 415,296 427,755 440,587 453,805 467,419 487,939 502,577 517,654 Total Water Quality Lab 753,650 789,109 826,251 862,751 888,634 915,293 942,752 971,034 1,000,165 1,030,170 1,061,075 Total Additional O&M 0 0 0 0 0 0 0 0 0 0 0 Total O&M Expenses $13,808,565 $14,993,745 $15,482,982 $16,028,946 $16,632,474 $17,260,496 $17,914,066 $18,594,284 $19,307,535 $20,044,716 $20,812,165 Rate Funded Capital $715,000 $90,000 $975,000 $2,100,000 $3,175,000 $5,125,000 $5,750,000 $6,375,000 $7,000,000 $7,650,000 $8,450,000 Net Debt Service 6,705,933 6,798,607 6,790,097 6,788,453 6,786,938 6,169,600 6,168,162 6,166,740 6,165,119 6,163,437 6,161,791 Total To / (From) Reserves 3,341 (118,527)66,971 23,253 96,016 80,174 16,947 15,796 4,337 2,261 23,017 Total Revenue Requirement $21,232,839 $21,763,825 $23,315,051 $24,940,652 $26,690,429 $28,635,271 $29,849,175 $31,151,821 $32,476,990 $33,860,413 $35,446,973 Bal. / (Def.) of Funds $0 ($1,254,118) ($2,610,471) ($4,076,657) ($5,660,831) ($7,371,749) ($8,393,540)($9,465,176) ($10,588,859) ($11,766,888) ($13,001,659) Balance a % of Rate Adj. Req'd 0.0% 6.5% 13.4% 20.8% 28.6% 37.0% 41.8% 46.8% 51.9% 57.2% 62.7% Proposed Rate Adjustment 0.0% 6.5% 6.5% 6.5% 6.5% 6.5% 3.5% 3.5% 3.5% 3.5% 3.5% Add'l Revenue with Rate Adj.$0 $1,254,118 $2,610,471 $4,076,657 $5,660,831 $7,371,749 $8,393,540 $9,465,176 $10,588,859 $11,766,888 $13,001,659 Bal. / (Def.) After Rate Adj.$0 ($0)$0 ($0)$0 $0 $0 $0 $0 $0 $0 Additional Rate Adjustment Required 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Average Residential Customer Bill $63.80 (Base Charge + 6 CCF [4 CCF Cap]) Customer Bill on Proposed Adjustment $67.95 $72.37 $77.07 $82.08 $87.42 $90.48 $93.65 $96.92 $100.32 $103.83 Total Ending Balance $37,699,648 $29,720,133 $23,898,730 $21,740,699 $20,172,595 $19,329,278 $17,537,905 $19,486,827 $19,076,533 $20,826,840 $19,847,479 Exhibit 1 Summary of the Revenue Requirement Sewer Rate Study City of San Luis Obispo 1 of 17 03/21/2025 DR A F T Page 89 of 115 City of San Luis Obispo Sewer Rate Study Escalation Factors Exhibit 2 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Notes Revenues As Customer GrowthCustomer Growth 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% As Rate Revenue AdjustmentRate Revenue Adjustment 0.0% 6.5% 6.5% 6.5% 6.5% 6.5% 3.5% 3.5% 3.5% 3.5% 3.5% As Miscellaneous RevenuesMiscellaneous Revenues 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% As Expenses As CIPCIP 0.0% 4.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% As Interest 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% New Debt Service Low Interest Loans Term in Years 30 30 30 30 30 30 30 30 30 30 30 Rate 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% Revenue Bond Term in Years 30 30 30 30 30 30 30 30 30 30 30 Rate 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2 of 17 03/21/2025 DR A F T Page 90 of 115 City of San Luis Obispo Sewer Rate Study Page 1 of 6 Revenue Requirement Exhibit 3 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Revenues Rate Revenues Residential $9,426,715 $9,502,129 $9,578,146 $9,654,771 $9,732,009 $9,809,865 $9,888,344 $9,967,451 $10,047,191 $10,127,568 $10,208,589 As Customer Growth Multi-Family 3,774,251 3,804,445 3,834,880 3,865,559 3,896,484 3,927,656 3,959,077 3,990,750 4,022,676 4,054,857 4,087,296 As Customer Growth Non-Residential 5,940,026 5,987,546 6,035,447 6,083,730 6,132,400 6,181,459 6,230,911 6,280,758 6,331,004 6,381,652 6,432,706 As Customer Growth-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Rate Revenues $19,140,992 $19,294,120 $19,448,473 $19,604,061 $19,760,893 $19,918,980 $20,078,332 $20,238,959 $20,400,871 $20,564,078 $20,728,590 Other Revenues Interest on Investment $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 Industrial User Charges 85,000 85,000 85,000 85,000 85,000 85,000 85,000 85,000 85,000 85,000 85,000 Miscellaneous Penalties 118,000 130,000 130,000 130,000 130,000 130,000 130,000 130,000 130,000 130,000 130,000 Utility Set-up Fees - Water Distribution 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 Utility Set-up Fees - Utility Billing 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 Other Utility Charges 0 0 0 0 0 0 0 0 0 0 0 Low Income Subsidy (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) (100,000) Credit Collections 14,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 Development Review Related Revenue 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 26,000 Miscellaneous Revenues 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 Cal Poly 1,246,313 367,053 407,572 411,401 420,171 496,007 528,769 599,152 638,726 680,914 868,190 As Rate Revenue Adjustment Cal Poly Capacity & Resilience 472,534 472,534 472,534 472,534 472,534 472,534 472,534 472,534 472,534 472,534 472,534--------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Other Revenues $2,091,847 $1,215,587 $1,256,106 $1,259,935 $1,268,705 $1,344,541 $1,377,303 $1,447,686 $1,487,260 $1,529,448 $1,716,724 Total Revenues $21,232,839 $20,509,707 $20,704,579 $20,863,995 $21,029,598 $21,263,522 $21,455,635 $21,686,645 $21,888,131 $22,093,526 $22,445,314 Expenses Unfunded Liability 52003-PERS Unfunded Liability - ADP Payments $250,875 $169,419 $169,419 $169,419 $169,419 $169,419 $169,419 $169,419 $169,419 $169,419 $169,419 52003-PERS Unfunded Liability 766,015 810,119 864,550 907,955 953,353 1,001,021 1,051,072 1,103,625 1,158,807 1,216,747 1,277,584-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Unfunded Liability $1,016,890 $979,538 $1,033,969 $1,077,374 $1,122,772 $1,170,440 $1,220,491 $1,273,044 $1,328,226 $1,386,166 $1,447,003 Finance NonDepart 56003-Contingency Expense $87,904 $90,541 $93,257 $0 $0 $0 $0 $0 $0 $0 $0-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Finance NonDepart $87,904 $90,541 $93,257 $0 $0 $0 $0 $0 $0 $0 $0 Notes 3 of 17 03/21/2025 DR A F T Page 91 of 115 City of San Luis Obispo Sewer Rate Study Page 2 of 6 Revenue Requirement Exhibit 3 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Notes Wastewater Admin and Engineering 51001-Salaries - Regular $879,498 $960,153 $1,008,161 $1,058,569 $1,090,326 $1,123,035 $1,156,726 $1,191,428 $1,227,171 $1,263,986 $1,301,906 51003-Salaries - Contract 84,774 89,012 93,463 98,136 101,080 104,113 107,236 110,453 113,767 117,180 120,695 51004-Salaries - Temporary 132,494 204,510 211,466 153,378 157,980 162,719 167,601 172,629 177,807 183,142 188,636 51010-Overtime 2,500 2,625 2,756 2,894 2,981 3,070 3,162 3,257 3,355 3,456 3,559 52001-Retirement Contributions 67,856 71,249 74,811 78,552 80,908 83,335 85,835 88,410 91,063 93,795 96,609 52002-Retirement PARS - 401 1,118 1,174 1,233 1,294 1,333 1,373 1,414 1,457 1,500 1,546 1,592 53001-Employee Group Insurance 69,363 72,831 76,472 80,296 82,705 85,186 87,741 90,374 93,085 95,877 98,754 53002-Retiree Healthcare 13,099 13,754 14,442 15,164 15,619 16,087 16,570 17,067 17,579 18,106 18,649 55001-Medicare 13,123 13,779 14,468 15,192 15,647 16,117 16,600 17,098 17,611 18,140 18,684 61001-Advertising and Public Outreach 50,000 52,000 54,080 55,702 57,373 59,095 60,868 62,694 64,574 66,512 68,507 61007-Legal Services 42,058 43,740 45,490 46,854 48,260 49,708 51,199 52,735 54,317 55,947 57,625 61008-Parking 6,830 7,103 7,387 7,609 7,837 8,072 8,315 8,564 8,821 9,085 9,358 61013-Other Contract Services 155,315 176,248 100,618 103,636 106,746 109,948 113,246 116,644 120,143 123,747 127,460 61501-City Water Service 400 416 433 446 459 473 487 502 517 532 548 61502-City Sewer Service 330 343 357 368 379 390 402 414 426 439 452 61503-Electric Service 2,800 3,136 3,293 3,457 3,630 3,812 4,002 4,203 4,413 4,633 4,865 61504-Natural Gas Service 1,100 1,144 1,190 1,225 1,262 1,300 1,339 1,379 1,421 1,463 1,507 61505-Communication Service 600 624 649 668 688 709 730 752 775 798 822 62002-Office Supplies 5,363 5,578 5,801 5,975 6,154 6,338 6,529 6,725 6,926 7,134 7,348 62003-Postage 600 624 649 668 688 709 730 752 775 798 822 62004-Publications and Subscriptions 800 2,656 2,762 2,845 2,930 3,018 3,109 3,202 3,298 3,397 3,499 62007-Employee Recognition 1,250 1,280 1,311 1,343 1,376 1,409 1,444 1,480 250 250 250 62009-Software Licensing and Maint Agreements 31,857 37,244 38,931 40,099 41,302 42,541 43,818 45,132 46,486 47,881 49,317 62010-Office Expenses - Other 0 12,500 0 0 0 0 0 0 0 0 0 62505-Machinery and Equipment 2,750 2,860 2,974 3,064 3,156 3,250 3,348 3,448 3,552 3,658 3,768 62506-Safety Materials and Supplies 600 624 649 668 688 709 730 752 775 798 822 62509-Misc Materials and Supplies 1,550 1,612 1,676 1,727 1,779 1,832 1,887 1,943 2,002 2,062 2,124 63001-Membership and Certifications 16,900 17,576 18,279 18,827 19,392 19,974 20,573 21,190 21,826 22,481 23,155 63002-Education and Training 20,250 31,060 32,302 33,271 34,270 35,298 36,357 37,447 38,571 39,728 40,920 63003-Trips and Meetings 500 520 541 557 574 591 609 627 646 665 685 65013-Credit Cards Merchant Fees 223,992 230,711 237,633 244,762 252,104 259,668 267,458 275,481 283,746 292,258 301,026 75001-Transfers - Out 1,451,616 1,640,326 1,722,342 1,808,460 1,898,882 1,993,827 2,093,518 2,198,194 2,308,104 2,423,509 2,544,684 75002-Reimbursement Transfer Out 1,838,634 2,077,656 2,181,539 2,290,616 2,405,147 2,525,404 2,651,675 2,784,258 2,923,471 3,069,645 3,223,127 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Total Wastewater Admin and Engineering $5,119,918 $5,776,668 $5,958,158 $6,176,323 $6,443,656 $6,723,111 $7,015,258 $7,320,692 $7,638,771 $7,972,647 $8,321,774 Wastewater Collection 51001-Salaries - Regular $911,314 $956,879 $1,004,723 $1,054,960 $1,086,608 $1,119,207 $1,152,783 $1,187,366 $1,222,987 $1,259,677 $1,297,467 51010-Overtime 6,500 6,825 7,166 7,525 7,750 7,983 8,222 8,469 8,723 8,985 9,254 51017-Standby 15,000 15,750 16,538 17,364 17,885 18,422 18,975 19,544 20,130 20,734 21,356 51018-Call Back 30,300 31,815 33,406 35,076 36,128 37,212 38,329 39,478 40,663 41,883 43,139 52001-Retirement Contributions 89,068 93,522 98,198 103,108 106,201 109,387 112,669 116,049 119,530 123,116 126,809 53001-Employee Group Insurance 135,777 142,566 149,694 157,179 161,894 166,751 171,753 176,906 182,213 187,679 193,310 53002-Retiree Healthcare 12,916 13,562 14,240 14,952 15,401 15,863 16,339 16,829 17,334 17,854 18,390 55001-Medicare 13,139 13,796 14,485 15,210 15,666 16,136 16,620 17,119 17,632 18,161 18,706 61009-Regulatory Fees 5,000 5,200 5,408 5,570 5,737 5,909 6,087 6,269 6,457 6,651 6,851 61013-Other Contract Services 45,150 46,956 48,835 50,300 51,809 53,363 54,964 56,613 58,311 60,060 61,862 61027-Control Systems 12,058 12,540 13,042 13,433 13,836 14,251 14,679 15,119 15,573 16,040 16,521 61503-Electric Service 35,543 45,000 47,250 49,613 52,093 54,698 57,433 60,304 63,320 66,485 69,810 61504-Natural Gas Service 600 624 649 668 688 709 730 752 775 798 822 61505-Communication Service 9,600 9,984 10,383 10,695 11,016 11,346 11,687 12,037 12,398 12,770 13,153 62002-Office Supplies 2,500 2,600 2,704 2,785 2,869 2,955 3,043 3,135 3,229 3,326 3,425 62009-Software Licensing and Maint Agreements 30,233 31,442 32,700 33,681 34,691 35,732 36,804 37,908 39,046 40,217 41,423 62010-Office Expenses - Other 3,500 3,640 3,786 3,899 4,016 4,137 4,261 4,389 4,520 4,656 4,795 62502-Construction Materials and Supplies 71,480 74,339 77,313 79,632 82,021 84,482 87,016 89,627 92,315 95,085 97,938 62503-Equipment Maintenance Supplies 31,763 33,033 34,354 35,385 36,446 37,540 38,666 39,826 41,021 42,251 43,519 62506-Safety Materials and Supplies 12,050 12,532 13,033 13,424 13,827 14,242 14,669 15,109 15,562 16,029 16,510 62509-Misc Materials and Supplies 27,400 28,496 29,636 30,525 31,441 32,384 33,355 34,356 35,387 36,448 37,542 63001-Membership and Certifications 5,275 5,486 5,705 5,877 6,053 6,234 6,422 6,614 6,813 7,017 7,227 63002-Education and Training 12,500 13,000 13,520 13,926 14,343 14,774 15,217 15,673 16,144 16,628 17,127 63003-Trips and Meetings 500 520 541 557 574 591 609 627 646 665 685--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Total Wastewater Collection $1,519,166 $1,600,108 $1,677,309 $1,755,343 $1,808,995 $1,864,307 $1,921,330 $1,980,119 $2,040,728 $2,103,216 $2,167,643 4 of 17 03/21/2025 DR A F T Page 92 of 115 City of San Luis Obispo Sewer Rate Study Page 3 of 6 Revenue Requirement Exhibit 3 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Notes Environmental Programs 51001-Salaries - Regular $272,020 $285,621 $299,902 $314,897 $324,344 $334,074 $344,096 $354,419 $365,052 $376,003 $387,283 51010-Overtime 1,000 1,050 1,103 1,158 1,192 1,228 1,265 1,303 1,342 1,382 1,424 51018-Call Back 100 105 110 116 119 123 126 130 134 138 142 52001-Retirement Contributions 23,522 24,698 25,933 27,229 28,046 28,888 29,754 30,647 31,566 32,513 33,489 53001-Employee Group Insurance 31,804 33,394 35,064 36,817 37,922 39,060 40,231 41,438 42,681 43,962 45,281 53002-Retiree Healthcare 2,755 2,893 3,037 3,189 3,285 3,384 3,485 3,590 3,697 3,808 3,922 55001-Medicare 3,940 4,138 4,344 4,562 4,698 4,839 4,985 5,134 5,288 5,447 5,610 61005-Data Processing Services 11,000 11,440 11,898 12,255 12,622 13,001 13,391 13,793 14,206 14,633 15,072 61013-Other Contract Services 46,800 178,672 50,619 52,137 53,702 55,313 56,972 58,681 60,442 62,255 64,122 61505-Communication Service 2,500 2,600 2,704 2,785 2,869 2,955 3,043 3,135 3,229 3,326 3,425 62002-Office Supplies 1,750 1,820 1,893 1,950 2,008 2,068 2,130 2,194 2,260 2,328 2,398 62004-Publications and Subscriptions 250 260 270 279 287 295 304 313 323 333 343 62007-Employee Recognition 500 520 541 557 574 591 609 627 646 665 685 62010-Office Expenses - Other 2,000 2,080 2,163 2,228 2,295 2,364 2,435 2,508 2,583 2,660 2,740 62503-Equipment Maintenance Supplies 1,200 1,248 1,298 1,337 1,377 1,418 1,461 1,505 1,550 1,596 1,644 62506-Safety Materials and Supplies 1,000 1,040 1,082 1,114 1,147 1,182 1,217 1,254 1,291 1,330 1,370 62509-Misc Materials and Supplies 3,300 3,432 3,569 3,676 3,787 3,900 4,017 4,138 4,262 4,390 4,521 63001-Membership and Certifications 1,500 1,545 1,607 1,655 1,705 1,756 1,808 1,863 1,919 1,976 2,035 63002-Education and Training 8,500 8,840 9,194 9,469 9,753 10,046 10,347 10,658 10,978 11,307 11,646 63003-Trips and Meetings 500 520 541 557 574 591 609 627 646 665 685-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Environmental Programs $415,941 $565,915 $456,871 $477,967 $492,306 $507,075 $522,287 $537,956 $554,095 $570,718 $587,839 Water Resource Recovery 51001-Salaries - Regular $1,349,832 $1,417,324 $1,488,190 $1,562,599 $1,609,477 $1,657,762 $1,707,495 $1,758,719 $1,811,481 $1,865,826 $1,921,800 51010-Overtime 37,000 38,850 40,793 42,832 44,117 45,441 46,804 48,208 49,654 51,144 52,678 51017-Standby 19,500 20,475 21,499 22,574 23,251 23,948 24,667 25,407 26,169 26,954 27,763 51018-Call Back 12,500 13,125 13,781 14,470 14,904 15,352 15,812 16,286 16,775 17,278 17,797 52001-Retirement Contributions 131,754 138,342 145,259 152,522 157,098 161,811 166,665 171,665 176,815 182,119 187,583 53001-Employee Group Insurance 142,550 149,678 157,162 165,020 169,971 175,070 180,322 185,731 191,303 197,042 202,954 53002-Retiree Healthcare 23,629 24,810 26,051 27,353 28,174 29,019 29,890 30,786 31,710 32,661 33,641 55001-Medicare 19,429 20,400 21,420 22,491 23,166 23,861 24,577 25,314 26,073 26,856 27,661 61009-Regulatory Fees 68,541 71,283 74,134 76,358 78,649 81,008 83,438 85,941 88,520 91,175 93,911 61011-Maintenance 730 759 789 813 837 862 888 915 942 971 1,000 61013-Other Contract Services 698,118 726,043 755,084 777,737 801,069 825,101 849,854 875,350 901,610 928,659 956,518 61027-Control Systems 28,193 29,321 30,494 31,408 32,351 33,321 34,321 35,350 36,411 37,503 38,628 61501-City Water Service 6,600 6,864 7,139 7,353 7,573 7,800 8,035 8,276 8,524 8,780 9,043 61502-City Sewer Service 3,000 3,120 3,245 3,342 3,442 3,546 3,652 3,762 3,874 3,991 4,110 61503-Electric Service 1,075,000 1,204,000 1,264,200 1,327,410 1,393,781 1,463,470 1,536,643 1,613,475 1,694,149 1,778,856 1,867,799 61504-Natural Gas Service 18,000 18,720 19,469 20,053 20,654 21,274 21,912 22,570 23,247 23,944 24,662 61505-Communication Service 12,000 12,480 12,979 13,369 13,770 14,183 14,608 15,046 15,498 15,963 16,442 61506-Solid Waste Service 21,250 22,100 22,984 23,674 24,384 25,115 25,869 26,645 27,444 28,267 29,115 62002-Office Supplies 8,000 8,320 8,653 8,912 9,180 9,455 9,739 10,031 10,332 10,642 10,961 62004-Publications and Subscriptions 1,000 1,040 1,082 1,114 1,147 1,182 1,217 1,254 1,291 1,330 1,370 62007-Employee Recognition 2,000 2,080 2,163 2,228 2,295 2,364 2,435 2,508 2,583 2,660 2,740 62009-Software Licensing and Maint Agreements 24,196 25,084 26,087 26,870 27,676 28,506 29,361 30,242 31,149 32,084 33,046 62010-Office Expenses - Other 2,000 2,080 2,163 2,228 2,295 2,364 2,435 2,508 2,583 2,660 2,740 62501-Chemicals 583,989 613,188 643,848 676,040 696,321 717,211 738,727 760,889 783,716 807,227 831,444 62502-Construction Materials and Supplies 13,000 13,520 14,061 14,483 14,917 15,365 15,826 16,300 16,789 17,293 17,812 62503-Equipment Maintenance Supplies 142,348 148,042 153,963 158,582 163,340 168,240 173,287 178,486 183,840 189,355 195,036 62506-Safety Materials and Supplies 25,056 26,058 27,101 27,914 28,751 29,614 30,502 31,417 32,359 33,330 34,330 62509-Misc Materials and Supplies 10,600 11,024 11,465 11,809 12,163 12,528 12,904 13,291 13,690 14,100 14,523 63001-Membership and Certifications 7,000 7,280 7,571 7,798 8,032 8,273 8,521 8,777 9,040 9,312 9,591 63002-Education and Training 30,500 31,720 32,989 33,978 34,998 36,048 37,129 38,243 39,390 40,572 41,789 63003-Trips and Meetings 500 520 541 557 574 591 609 627 646 665 685-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Water Resource Recovery $4,517,815 $4,807,649 $5,036,357 $5,263,892 $5,448,357 $5,639,683 $5,838,143 $6,044,020 $6,257,610 $6,479,221 $6,709,175 5 of 17 03/21/2025 DR A F T Page 93 of 115 City of San Luis Obispo Sewer Rate Study Page 4 of 6 Revenue Requirement Exhibit 3 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Notes Utility Billing 51001-Salaries - Regular $87,263 $91,627 $96,208 $101,018 $104,049 $107,170 $110,385 $113,697 $117,108 $120,621 $124,240 51010-Overtime 1,500 1,575 1,654 1,736 1,789 1,842 1,897 1,954 2,013 2,073 2,136 52001-Retirement Contributions 8,767 9,205 9,666 10,149 10,453 10,767 11,090 11,423 11,765 12,118 12,482 53001-Employee Group Insurance 11,738 12,325 12,941 13,588 13,996 14,416 14,849 15,294 15,753 16,225 16,712 53002-Retiree Healthcare 1,114 1,170 1,229 1,290 1,329 1,369 1,410 1,452 1,496 1,541 1,587 55001-Medicare 1,255 1,318 1,384 1,453 1,496 1,541 1,587 1,635 1,684 1,735 1,787 61005-Data Processing Services 30,250 31,460 32,718 33,700 34,711 35,752 36,825 37,930 39,067 40,240 41,447 61013-Other Contract Services 132,355 128,326 133,459 137,463 141,586 145,834 150,209 154,715 159,357 164,137 169,062 61028-Personnel Services 0 51 106 110 113 116 120 123 6,624 6,823 7,028 62001-Print and Reproduction 25,024 26,025 27,066 27,878 28,714 29,575 30,463 31,377 32,318 33,287 34,286 62002-Office Supplies 250 260 270 279 287 295 304 313 323 333 343 62003-Postage 75,014 78,014 81,135 83,569 86,076 88,658 91,318 94,058 96,879 99,786 102,779 62007-Employee Recognition 100 104 108 111 115 118 122 125 129 133 137 62505-Machinery and Equipment 375 390 406 418 430 443 457 470 484 499 514 62509-Misc Materials and Supplies 125 130 135 139 143 148 152 157 161 166 171 63001-Membership and Certifications 50 52 54 56 57 59 61 63 65 67 69 63002-Education and Training 1,500 1,560 1,622 1,671 1,721 1,773 1,826 1,881 1,937 1,995 2,055 63003-Trips and Meetings 600 624 649 668 688 709 730 752 775 798 822-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Utility Billing $377,280 $384,216 $400,810 $415,296 $427,755 $440,587 $453,805 $467,419 $487,939 $502,577 $517,654 Water Quality Lab 51001-Salaries - Regular $399,792 $419,781 $440,771 $462,809 $476,693 $490,994 $505,724 $520,896 $536,523 $552,618 $569,197 51004-Salaries - Temporary 5,000 5,250 5,513 5,788 5,962 6,141 6,325 6,515 6,710 6,911 7,119 51010-Overtime 12,000 12,600 13,230 13,892 14,308 14,737 15,180 15,635 16,104 16,587 17,085 52001-Retirement Contributions 36,404 38,224 40,135 42,142 43,406 44,708 46,050 47,431 48,854 50,320 51,829 53001-Employee Group Insurance 65,696 68,981 72,430 76,051 78,333 80,683 83,103 85,596 88,164 90,809 93,533 53002-Retiree Healthcare 6,594 6,924 7,270 7,634 7,863 8,099 8,342 8,592 8,850 9,115 9,389 55001-Medicare 5,727 6,013 6,314 6,630 6,829 7,034 7,245 7,462 7,686 7,916 8,154 61009-Regulatory Fees 7,000 7,280 7,571 7,798 8,032 8,273 8,521 8,777 9,040 9,312 9,591 61013-Other Contract Services 127,372 132,467 137,765 141,898 146,155 150,540 155,056 159,708 164,499 169,434 174,517 61505-Communication Service 1,800 1,872 1,947 2,005 2,065 2,127 2,191 2,257 2,325 2,394 2,466 62002-Office Supplies 1,100 1,144 1,190 1,225 1,262 1,300 1,339 1,379 1,421 1,463 1,507 62004-Publications and Subscriptions 450 468 487 501 516 532 548 564 581 599 617 62007-Employee Recognition 600 624 649 668 688 709 730 752 775 798 822 62009-Software Licensing and Maint Agreements 9,000 9,360 9,734 10,026 10,327 10,637 10,956 11,285 11,623 11,972 12,331 62506-Safety Materials and Supplies 5,550 5,772 6,003 6,183 6,368 6,560 6,756 6,959 7,168 7,383 7,604 62509-Misc Materials and Supplies 53,589 55,732 57,962 59,701 61,492 63,336 65,236 67,194 69,209 71,286 73,424 63001-Membership and Certifications 4,877 5,072 5,275 5,433 5,596 5,764 5,937 6,115 6,299 6,488 6,682 63002-Education and Training 11,100 11,544 12,006 12,366 12,737 13,119 13,513 13,918 14,336 14,766 15,209-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Water Quality Lab $753,650 $789,109 $826,251 $862,751 $888,634 $915,293 $942,752 $971,034 $1,000,165 $1,030,170 $1,061,075 6 of 17 03/21/2025 DR A F T Page 94 of 115 City of San Luis Obispo Sewer Rate Study Page 5 of 6 Revenue Requirement Exhibit 3 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Notes Additional O&M Future O&M $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Additional O&M $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total O&M Expenses $13,808,565 $14,993,745 $15,482,982 $16,028,946 $16,632,474 $17,260,496 $17,914,066 $18,594,284 $19,307,535 $20,044,716 $20,812,165 Rate Funded Capital $715,000 $90,000 $975,000 $2,100,000 $3,175,000 $5,125,000 $5,750,000 $6,375,000 $7,000,000 $7,650,000 $8,450,000 $2,773,962 FY 2023-24 Dep. Exp. Debt Service WRRF Energy Efficiency Project $616,939 $616,711 $616,477 $616,236 $615,987 $0 $0 $0 $0 $0 $0 Debt Schedule Tank Farm Lift Station - I Bank 549,999 548,786 547,535 546,242 544,908 543,530 542,108 540,639 539,123 537,557 535,940 Debt Schedule 2018 Refunding Bond - Dispatch Center 30,203 30,156 23,132 23,021 23,090 23,116 23,100 23,147 23,042 22,926 22,897 Debt Schedule 2019 SRF Loan - WRRF Upgrade 5,808,792 5,902,954 5,902,954 5,902,954 5,902,954 5,902,954 5,902,954 5,902,954 5,902,954 5,902,954 5,902,954 Debt Schedule Additional Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 Calculated @ 5% for 30 yrs--------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Debt Service $7,005,933 $7,098,607 $7,090,097 $7,088,453 $7,086,938 $6,469,600 $6,468,162 $6,466,740 $6,465,119 $6,463,437 $6,461,791 LESS: Other Funding Development Impact Fees $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000 $300,000--------------------------------------------------------------------------------------------------------------------------------------------------------------------- Net Debt Service $6,705,933 $6,798,607 $6,790,097 $6,788,453 $6,786,938 $6,169,600 $6,168,162 $6,166,740 $6,165,119 $6,163,437 $6,161,791 To / (From) Reserves To / (From) Operating Reserve $3,341 ($118,527)$66,971 $23,253 $96,016 $80,174 $16,947 $15,796 $4,337 $2,261 $23,017 To / (From) Capital Reserve 0 0 0 0 0 0 0 0 0 0 0 To / (From) Rate Stabilization Reserve 0 0 0 0 0 0 0 0 0 0 0--------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total To / (From) Reserves $3,341 ($118,527) $66,971 $23,253 $96,016 $80,174 $16,947 $15,796 $4,337 $2,261 $23,017 Total Revenue Requirement $21,232,839 $21,763,825 $23,315,051 $24,940,652 $26,690,429 $28,635,271 $29,849,175 $31,151,821 $32,476,990 $33,860,413 $35,446,973 Bal. / (Def.) of Funds $0 ($1,254,118) ($2,610,471) ($4,076,657) ($5,660,831) ($7,371,749) ($8,393,540) ($9,465,176) ($10,588,859) ($11,766,888) ($13,001,659) Balance a % of Rate Adj. Req'd 0.0% 6.5% 13.4% 20.8% 28.6% 37.0% 41.8% 46.8% 51.9% 57.2% 62.7% Proposed Rate Adjustment 0.0%6.5% 6.5% 6.5% 6.5% 6.5% 3.5% 3.5% 3.5% 3.5% 3.5% Months of Adjustment 12 12 12 12 12 12 12 12 12 12 12 Add'l Revenue with Rate Adj.$0 $1,254,118 $2,610,471 $4,076,657 $5,660,831 $7,371,749 $8,393,540 $9,465,176 $10,588,859 $11,766,888 $13,001,659 Bal. / (Def.) After Rate Adj.$0 ($0) $0 ($0) $0 $0 $0 $0 $0 $0 $0 Add'l Rate Adj. Req'd 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 7 of 17 03/21/2025 DR A F T Page 95 of 115 City of San Luis Obispo Sewer Rate Study Page 6 of 6 Revenue Requirement Exhibit 3 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Notes Average Residential Customer Bill $63.80 (Base Charge + 6 CCF [4 CCF Cap]) Customer Bill on Proposed Adjustment $67.95 $72.37 $77.07 $82.08 $87.42 $90.48 $93.65 $96.92 $100.32 $103.83 Bill Difference - Monthly 4.15 4.42 4.70 5.01 5.34 3.06 3.17 3.28 3.39 3.51 Cumulative Bill Difference 4.15 8.57 13.27 18.28 23.62 26.68 29.85 33.12 36.52 40.03 Debt Service Coverage Ratio (all debt, not including DIF) Before Rate Adjustment 1.06 0.78 0.74 0.68 0.62 0.62 0.55 0.48 0.40 0.32 0.25 After Proposed Rate Adjustment 1.06 0.95 1.10 1.26 1.42 1.76 1.85 1.94 2.04 2.14 2.26 Debt Service Coverage Ratio (all debt, including DIF) Before Rate Adjustment 1.15 0.86 0.82 0.77 0.71 0.71 0.64 0.57 0.49 0.41 0.35 After Proposed Rate Adjustment 1.15 1.04 1.19 1.34 1.50 1.85 1.94 2.03 2.13 2.23 2.36 Reserve Funds Total Beginning Balance $53,797,920 $37,699,648 $29,720,133 $23,898,730 $21,740,699 $20,172,595 $19,329,278 $17,537,905 $19,486,827 $19,076,533 $20,826,840 Operating Fund Beginning Balance $2,761,713 $2,998,749 $3,096,596 $3,205,789 $3,326,495 $3,452,099 $3,582,813 $3,718,857 $3,861,507 $4,008,943 $4,162,433 20% of O&M Plus: Additions 3,341 0 66,971 23,253 96,016 80,174 16,947 15,796 4,337 2,261 23,017 Less: Uses of Funds 0 (118,527)0 0 0 0 0 0 0 0 0 Ending Balance $2,765,054 $2,880,222 $3,163,568 $3,229,043 $3,422,511 $3,532,274 $3,599,760 $3,734,653 $3,865,844 $4,011,204 $4,185,450 Capital Fund Beginning Balance $43,991,991 $27,586,321 $19,433,424 $13,421,739 $11,055,952 $9,268,794 $8,235,705 $6,246,676 $7,988,667 $7,363,876 $8,890,729 Balance of Funds Plus: Additions 0 0 0 0 0 0 0 1,633,125 0 1,448,046 0 Plus: LTD Proceeds 15,000,000 0 0 0 0 0 0 0 0 0 0 Development Impact Fees 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 Less: Capital Project Funding (31,701,613) (8,460,987) (6,488,375) (2,781,284) (2,264,120) (1,523,492) (2,408,320)(300,000)(1,014,630)(300,000)(1,602,379) Ending Balance $27,890,378 $19,725,334 $13,545,049 $11,240,455 $9,391,832 $8,345,302 $6,427,385 $8,179,801 $7,574,037 $9,111,922 $7,888,350 Rate Stabilization Beginning Balance $957,050 $1,027,412 $1,102,947 $1,184,036 $1,271,086 $1,364,536 $1,423,594 $1,485,207 $1,549,486 $1,616,548 $1,686,512 5% of Rate Revenues Plus: Additions 0 0 0 0 0 0 0 0 0 0 0 Less: Capital Project Funding 0 0 0 0 0 0 0 0 0 0 0 Ending Balance $957,050 $1,027,412 $1,102,947 $1,184,036 $1,271,086 $1,364,536 $1,423,594 $1,485,207 $1,549,486 $1,616,548 $1,686,512 UFL Trust & SRF Loan Beginning Balance $6,087,166 $6,087,166 $6,087,166 $6,087,166 $6,087,166 $6,087,166 $6,087,166 $6,087,166 $6,087,166 $6,087,166 $6,087,166 Plus: Additions 0 0 0 0 0 0 0 0 0 0 0 Less: Capital Project Funding 0 0 0 0 0 0 0 0 0 0 0 Ending Balance $6,087,166 $6,087,166 $6,087,166 $6,087,166 $6,087,166 $6,087,166 $6,087,166 $6,087,166 $6,087,166 $6,087,166 $6,087,166 Total Ending Balance $37,699,648 $29,720,133 $23,898,730 $21,740,699 $20,172,595 $19,329,278 $17,537,905 $19,486,827 $19,076,533 $20,826,840 $19,847,479 Days of O&M 997 723 563 495 443 409 357 383 361 379 348 8 of 17 03/21/2025 DR A F T Page 96 of 115 City of San Luis Obispo Sewer Rate Study Page 1 of 3 Capital Improvement Plan Exhibit 4 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Total Notes Wastewater Collection Upcoming Pipeline Replacement Projects $0 $0 $0 $0 $0 $0 $0 $0 $2,280,186 $0 $2,419,049 $4,699,236 Wastewater Collection System - Point Repairs 120,000 353,600 254,616 262,254 0 278,226 0 295,170 0 0 0 1,563,866 Sewer-main Replacement: Morro, Mill, Santa Rosa, and Chorro 1,100,000 46,800 0 0 0 0 0 0 0 0 0 1,146,800 Sewer-main Replacement: Henry, and Sierra Way 2,200,000 0 0 0 0 0 0 0 0 0 0 2,200,000 Sewer-main Replacement: Ocenaire - Cayucos to Froom Road 700,000 36,400 0 0 0 0 0 0 0 0 0 736,400 Sewer-main Replacement: Islay - Nipomo to Santa Rosa 0 2,184,000 0 0 0 0 0 0 0 0 0 2,184,000 Sewer-main Replacement: Taft, Hathaway, Phillips, Buena Vista, and Loomis 0 343,200 0 0 0 0 0 0 0 0 0 343,200 Sewer-main Replacement: Serrano, Bressi, Dana and Higuera (1,275,000)0 0 0 0 2,196,824 0 0 0 0 0 921,824 Sewer-main Replacement: Murray, Chorro, and Meinecke 0 270,400 0 0 0 0 0 0 0 0 0 270,400 Sewer-main Replacement: Chorro - Boysen to Rougeot 250,000 0 2,917,475 0 0 0 0 0 0 0 0 3,167,475 Sewer-main Replacement: Buchon - Morro to Johnson 0 0 143,222 2,715,427 0 0 0 0 0 0 0 2,858,648 Sewer-main Replacement: Bee Bee from High Street to South Street 0 0 0 0 0 0 0 24,597 696,724 0 0 721,321 Sewer-main Replacement: Lincoln, Chorro, Morro, Toro 0 0 0 0 0 0 161,197 3,056,237 0 0 0 3,217,434 Sewer-main Replacement: Foothill Sewer Siphon 0 0 0 0 168,826 2,260,584 0 0 0 0 0 2,429,411 Sewer-main Replacement: Broad Street, Sacramento, Capiltolio, and Bullock 0 0 0 0 0 0 0 0 0 65,239 3,964,553 4,029,792 Sewer-main Replacement: Ocenaire - Laguna to Caycucos 0 0 0 0 0 115,927 2,364,224 0 0 0 0 2,480,151 Sewer-main Replacement: Broad, Murray, and Chorro 0 0 0 158,445 0 0 0 0 4,294,351 0 0 4,452,796 Sewer-main Replacement: San Jose, Ramona, Monte Vista, California 1,225,000 0 328,879 0 0 0 0 0 0 0 0 1,553,879 Sewer Inflow/Infiltration Reduction 470,000 436,800 445,578 458,945 281,377 289,819 298,513 307,468 0 0 0 2,988,501 Sewer Utility Trench Repair 25,000 26,000 26,523 27,318 33,765 34,778 35,822 36,896 38,003 39,143 40,317 363,566 Sewer Maintenance Cover Adjustments 30,000 114,400 31,827 32,782 39,393 40,575 41,792 43,046 44,337 45,667 47,037 510,855 Flow Study 0 0 0 0 0 0 0 0 0 0 10,536 10,536 Sewer Lift Station Maintenance 20,000 83,200 0 87,418 0 92,742 0 98,390 0 0 0 381,750 Laguna Lift Station Upgrades 0 332,800 0 0 0 0 0 0 0 0 0 332,800 Buckley Sewer Lift Station 150,000 0 0 0 0 0 0 0 0 0 0 150,000 Foothill Lift Station 0 0 0 0 0 463,710 4,179,183 0 0 0 0 4,642,893 Airport Lift Station 1,227,000 0 0 0 4,102,480 0 0 0 0 0 0 5,329,480 Silver City Lift Station 0 208,000 0 0 0 0 0 0 0 0 0 208,000 Placeholder 0 0 0 54,636 0 57,964 59,703 55,344 0 0 0 227,647 Foothill and Santa Rosa CalTrans Pipeline Replacement 350,000 0 0 0 0 0 0 0 0 0 0 350,000 Water Meters and Boxes (sewer fund contribution)0 0 0 27,318 28,138 28,982 59,703 61,494 221,685 228,335 235,185 890,839 AMI Water Meters 460,000 511,680 521,963 0 0 0 0 0 0 0 0 1,493,643 AMI Meter Box Lids 75,000 78,000 79,568 0 0 0 0 0 0 0 0 232,568 AMI Radio 360,000 406,640 414,812 0 0 0 0 0 0 0 0 1,181,452 Fleet - WWC Wastewater Collections Portable Generator (1620)$0 $0 $0 $0 $0 $0 $0 $245,975 $0 $0 $0 $245,975 Portable Sewage Pump (1730)0 0 0 0 0 0 0 92,241 0 0 0 92,241 Caterpillar Mini Escavator 0 0 0 0 0 115,927 0 0 0 0 0 115,927 Wastewater Collections Truck w/Dump Bed (1811)0 0 0 0 0 0 0 122,987 0 0 0 122,987 Wastewater Collections Truck (1631)0 0 0 0 0 0 0 101,465 0 0 0 101,465 Wastewater Collections Service Truck (1608) 0 0 0 0 0 0 119,405 0 0 0 0 119,405 Wastewater Collections Service Truck (1810)0 0 0 0 0 0 119,405 0 0 0 0 119,405 Wastewater Collection Van (1643) 0 0 0 0 0 0 149,257 0 0 0 0 149,257 Wastewater Collections Hydrocleaner (1407) 0 0 0 628,318 0 0 0 0 0 0 0 628,318 Wastewater Collections Concrete Trailer (1804) 0 0 0 0 0 0 0 0 63,339 0 0 63,339 Dump Truck (0840)0 0 0 0 0 202,873 0 0 0 0 0 202,873------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Total Wastewater Collection $7,487,000 $5,431,920 $5,164,461 $4,452,863 $4,653,979 $6,178,931 $7,588,202 $4,541,309 $7,638,624 $378,384 $6,716,679 $60,232,352 9 of 17 03/21/2025 DR A F T Page 97 of 115 City of San Luis Obispo Sewer Rate Study Page 2 of 3 Capital Improvement Plan Exhibit 4 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Total Notes Water Resource Recovery Facilty WRRF - Asset Replacement $0 $208,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $208,000 Coating Maintenance 0 0 26,523 0 0 0 0 0 0 0 0 26,523 Headworks Grit Piping and Blowers 0 0 265,225 0 0 0 0 0 0 0 0 265,225 Rebuild Influent Storm Pumps 75,000 78,000 0 0 0 0 0 0 0 0 0 153,000 Membrane Replacement 0 0 0 0 0 0 0 0 0 0 2,687,833 2,687,833 UV Bulb Replacement (annual replacement)50,000 0 0 54,636 56,275 57,964 59,703 61,494 0 0 0 340,072 Cityworks Strategic Plan & Implementation 0 0 21,218 0 0 0 0 0 0 0 0 21,218 Sludge Drying Bed Polymer Feed and Piping 0 0 0 0 0 69,556 0 0 0 0 0 69,556 Screw Press 0 208,000 0 0 0 0 0 0 0 0 0 208,000 WRRF and Wastewater Collection Maintenance Facility (6,563,331)0 0 0 0 0 0 0 0 0 0 (6,563,331) Lab Admin HVAC 0 156,000 0 0 0 0 0 0 0 0 0 156,000 WRRF Digester Flare Upgrade 0 0 1,564,828 0 0 0 0 0 0 0 0 1,564,828 Slurry Seal and Pavement 0 2,080,000 0 0 0 0 0 0 0 0 0 2,080,000 Fleet - WRRF 1000521-05-Sewer WRRF Compact Pickup (0851)0 39,520 0 0 0 0 0 0 0 0 0 39,520 Compact Pick-up (0851)0 0 0 0 0 0 94,330 0 0 0 0 94,330------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Total Water Resource Recovery Facilty ($6,438,331) $2,769,520 $1,877,793 $54,636 $56,275 $127,520 $154,033 $61,494 $0 $0 $2,687,833 $1,350,773 Miscellaneous Pavement Management (Sewer Fund Contribution)$0 $8,320 $0 $0 $0 $0 $0 $0 $0 $0 $0 $8,320 ATP - Higuera Corridor Complete Street Design (Sewer Fund Contribution)0 5,200 0 0 0 0 0 0 0 0 0 5,200 Corp Yard Material Storage Stalls (Sewer Fund Contribution)0 0 26,523 0 281,377 0 0 0 0 0 0 307,900 Corporation Yard Permimeter Fence Replacement (Sewer Fund Contribution)0 0 0 0 0 0 0 6,149 76,006 0 0 82,156 Corporation Yard EV Charging Station (Sewer Fund Contribution)0 0 84,872 0 0 0 0 0 0 0 0 84,872 Environmental Compliance Pickup $0 $0 $0 $0 $51,211 $0 $0 $0 $0 $0 $0 $51,211 Sedan 0 0 0 45,895 0 0 0 0 0 0 0 45,895 Water Quality Lab Water Quality Lab SUV 0 0 0 0 0 0 86,569 0 0 0 0 86,569 Administration Roofing Project (Morro Refurbishment)65,000 0 0 0 0 0 0 0 0 0 0 65,000 Future Sewer Fund Vehicles 0 0 0 0 0 0 0 0 0 78,286 80,635 158,921 Future Water Fund Vehicles 0 0 0 0 0 0 0 0 0 130,477 0 130,477 Shared IT Wireless System Citywide 0 0 0 14,203 0 0 0 18,532 0 0 0 32,735 Server Operating System 0 0 0 0 0 0 0 0 0 0 0 0 UB System Upgrade 0 0 0 0 0 0 0 0 0 0 135,458 135,458 Network Firewalls 0 0 0 0 0 24,063 0 0 0 0 32,338 56,401 Virtual Private Network Replacment 0 0 0 0 0 17,979 0 0 0 0 24,162 42,141 Network Switch Infrastructure Repl. 0 0 0 0 65,733 0 0 0 0 88,340 0 154,073 Network Security Upgrade 0 0 0 10,175 0 0 12,149 0 0 14,506 0 36,830 Radio Handhelds Repl. 0 0 0 0 0 0 0 83,192 0 0 0 83,192 City SAN (Network Storage)0 0 9,727 0 0 0 12,322 0 0 0 15,609 37,657 Security Cameras 0 640 0 0 629 0 851 903 0 845 0 3,868 Facility Security Citywide Camera Storage added redundancy 0 0 0 0 629 0 0 0 0 845 0 1,474 Uninterruptible Power Supplies (UPS’s Servers and Storage)0 0 0 3,513 0 0 4,195 0 0 5,009 0 12,716 PD/City backup storage, secondary storage 0 0 0 0 3,914 0 0 0 0 5,261 0 9,175 VM Infrastructure 0 21,455 0 0 25,372 0 0 30,296 0 0 36,175 113,298------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Total Miscellaneous $65,000 $49,547 $121,121 $73,785 $428,865 $42,042 $116,085 $139,073 $76,006 $323,569 $347,867 $1,782,960 10 of 17 03/21/2025 DR A F T Page 98 of 115 City of San Luis Obispo Sewer Rate Study Page 3 of 3 Capital Improvement Plan Exhibit 4 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 Total CIP Carryover $31,002,944 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $31,002,944 Unidentified Future Capital Projects $0 $0 $0 $0 $0 $0 $0 $0 $0 $5,500,000 $0 $5,500,000 Delayed Capital $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfer to Cash Reserve $0 $0 $0 $0 $0 $0 $0 $1,633,125 $0 $1,448,046 $0 $3,081,171 Total Capital Improvement Projects $32,116,613 $8,250,987 $7,163,375 $4,581,284 $5,139,120 $6,348,492 $7,858,320 $6,375,000 $7,714,630 $7,650,000 $9,752,379 $102,950,200 Less: Outside Funding Sources Operating Fund Reserves $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Capital Fund Reserves 31,401,613 8,160,987 6,188,375 2,481,284 1,964,120 1,223,492 2,108,320 0 714,630 0 1,302,379 55,545,200 Grants 0 0 0 0 0 0 0 0 0 0 0 0 WRRF Upgrade Debt 0 0 0 0 0 0 0 0 0 0 0 0 Assumed New Low Interest Loan 0 0 0 0 0 0 0 0 0 0 0 0 Additional Revenue Bonds 0 0 0 0 0 0 0 0 0 0 0 0 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Funding Sources $31,401,613 $8,160,987 $6,188,375 $2,481,284 $1,964,120 $1,223,492 $2,108,320 $0 $714,630 $0 $1,302,379 $55,545,200 Rate Funded Capital $715,000 $90,000 $975,000 $2,100,000 $3,175,000 $5,125,000 $5,750,000 $6,375,000 $7,000,000 $7,650,000 $8,450,000 $47,405,000 11 of 17 03/21/2025 DR A F T Page 99 of 115 City of San Luis Obispo Sewer Rate Study Page 1 of 3 Revenues at Present Rates Exhibit 5 Effective 7.1.24 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Total Residential $ / Acct. Base Fee $24.52 12,887 12,948 12,767 12,385 12,754 12,830 12,918 13,130 13,261 12,897 13,003 13,172 12,913 Total Base Fee Revenue $315,989 $317,485 $313,047 $303,680 $312,728 $314,592 $316,749 $321,948 $325,160 $316,234 $318,834 $322,977 $3,799,423 Volume Charge $ / CCF Usage up to avg WW $9.82 52,256 52,414 45,975 36,691 46,517 48,161 50,194 51,442 49,840 44,872 46,687 47,995 573,044 Total Volume Charge Revenue $513,154 $514,705 $451,475 $360,306 $456,797 $472,941 $492,905 $505,160 $489,429 $440,643 $458,466 $471,311 $5,627,292 Total Residential Revenue $829,143 $832,190 $764,521 $663,986 $769,525 $787,533 $809,654 $827,108 $814,589 $756,877 $777,300 $794,288 $9,426,715 Multi-Family Base Fee $ / Acct. 3/4" or Less $24.52 619 622 622 611 618 618 620 627 630 619 622 629 621 1"40.95 230 232 228 226 228 230 230 232 228 224 228 229 229 1.5"81.65 130 130 129 129 128 130 129 130 129 129 130 127 129 2"130.70 104 103 104 104 104 104 104 103 104 103 104 105 104 3"245.21 3 3 3 3 3 3 3 3 3 3 3 3 3 4"408.76 10 10 10 10 10 10 10 10 10 10 10 10 10 6"817.28 6 6 6 6 6 6 6 6 6 6 6 6 6 8"1,307.70 4 4 4 4 4 4 4 4 4 4 4 4 4 10"1,880.02 0 0 0 0 0 0 0 0 0 0 0 0 0------------------------------------------------------------------------------------------------------------------------------------------------------------1,106 1,110 1,106 1,093 1,101 1,105 1,106 1,115 1,114 1,098 1,107 1,113 1,106 Total Base Fee Revenue $63,761 $63,786 $63,671 $63,320 $63,492 $63,737 $63,704 $63,909 $63,868 $63,303 $63,753 $63,851 $764,156 Volume Charge $ / CCF Usage up to avg WW $9.82 28,565 28,171 25,056 20,717 26,015 26,738 26,786 26,797 25,678 22,457 24,082 25,465 306,527------------------------------------------------------------------------------------------------------------------------------------------------------------28,565 28,171 25,056 20,717 26,015 26,738 26,786 26,797 25,678 22,457 24,082 25,465 306,527 Total Volume Charge Revenue $280,508 $276,639 $246,050 $203,441 $255,467 $262,567 $263,039 $263,147 $252,158 $220,528 $236,485 $250,066 $3,010,095 Total Multi-Family Revenue $344,270 $340,425 $309,721 $266,761 $318,959 $326,304 $326,743 $327,055 $316,026 $283,831 $300,238 $313,918 $3,774,251 12 of 17 03/21/2025 DR A F T Page 100 of 115 City of San Luis Obispo Sewer Rate Study Page 2 of 3 Revenues at Present Rates Exhibit 5 Effective 7.1.24 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Total Non-Residential Base Fee $ / Acct. 3/4" or Less $24.52 761 770 728 658 722 725 737 742 756 737 759 752 737 1"40.95 315 312 306 293 304 306 317 316 312 311 313 314 310 1.5"81.65 158 161 157 153 158 156 155 159 159 160 158 158 158 2"130.70 177 177 174 174 174 178 178 175 181 175 174 177 176 3"245.21 20 20 20 21 20 20 20 20 19 20 21 19 20 4"408.76 20 20 20 20 20 21 20 20 20 20 20 20 20 6"817.28 6 6 6 6 6 6 6 6 6 6 6 6 6 8"1,307.70 4 3 4 3 4 4 4 4 4 4 3 4 4 10"1,880.02 0 0 0 0 0 0 0 0 0 0 0 0 0---------------------------------------------------------------------------------------------------------------------------------------------------------------1,461 1,469 1,415 1,328 1,408 1,416 1,437 1,442 1,457 1,433 1,454 1,450 1,431 Total Base Fee Revenue $90,807 $89,843 $89,156 $85,518 $89,009 $89,932 $90,187 $90,203 $90,921 $89,957 $89,222 $90,301 $1,075,055 Volume Charge $ / CCF All Consumption $10.27 45,840 44,019 34,139 23,061 32,132 36,263 39,504 41,487 46,445 43,999 46,140 40,678 473,707-------------------------------------------------------------------------------------------------------------------------------------------------------------45,840 44,019 34,139 23,061 32,132 36,263 39,504 41,487 46,445 43,999 46,140 40,678 473,707 Total Volume Charge Revenue $470,777 $452,075 $350,608 $236,836 $329,996 $372,421 $405,706 $426,071 $476,990 $451,870 $473,858 $417,763 $4,864,971 Total Non-Residential Revenue $561,584 $541,918 $439,764 $322,355 $419,004 $462,353 $495,893 $516,274 $567,911 $541,827 $563,080 $508,064 $5,940,026 13 of 17 03/21/2025 DR A F T Page 101 of 115 City of San Luis Obispo Sewer Rate Study Page 3 of 3 Revenues at Present Rates Exhibit 5 Effective 7.1.24 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Total Summary % of Total Customers Residential 12,887 12,948 12,767 12,385 12,754 12,830 12,918 13,130 13,261 12,897 13,003 13,172 12,913 83.6% Multi-Family 1,106 1,110 1,106 1,093 1,101 1,105 1,106 1,115 1,114 1,098 1,107 1,113 1,106 7.2% Non-Residential 1,461 1,469 1,415 1,328 1,408 1,416 1,437 1,442 1,457 1,433 1,454 1,450 1,431 9.3%------------------------------------------------------------------------------------------------------------------------------------------------ Total Number of Customers 15,454 15,527 15,288 14,806 15,263 15,351 15,461 15,687 15,832 15,428 15,564 15,735 15,450 Consumption Residential 52,256 52,414 45,975 36,691 46,517 48,161 50,194 51,442 49,840 44,872 46,687 47,995 573,044 42.3% Multi-Family 28,565 28,171 25,056 20,717 26,015 26,738 26,786 26,797 25,678 22,457 24,082 25,465 306,527 22.7% Non-Residential 45,840 44,019 34,139 23,061 32,132 36,263 39,504 41,487 46,445 43,999 46,140 40,678 473,707 35.0% --------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Consumption 126,661 124,604 105,170 80,469 104,664 111,162 116,484 119,726 121,963 111,328 116,909 114,138 1,353,278 Revenues Base Fee $470,558 $471,114 $465,874 $452,518 $465,228 $468,261 $470,640 $476,059 $479,949 $469,495 $471,809 $477,129 $5,638,634 29.5% Residential 315,989 317,485 313,047 303,680 312,728 314,592 316,749 321,948 325,160 316,234 318,834 322,977 3,799,423 19.8% Multi-Family 63,761 63,786 63,671 63,320 63,492 63,737 63,704 63,909 63,868 63,303 63,753 63,851 764,156 4.0% Non-Residential 90,807 89,843 89,156 85,518 89,009 89,932 90,187 90,203 90,921 89,957 89,222 90,301 1,075,055 5.6% Volume Charge 1,264,439 1,243,420 1,048,132 800,583 1,042,260 1,107,929 1,161,650 1,194,378 1,218,577 1,113,041 1,168,809 1,139,140 13,502,358 70.5% Residential 513,154 514,705 451,475 360,306 456,797 472,941 492,905 505,160 489,429 440,643 458,466 471,311 5,627,292 29.4% Multi-Family 280,508 276,639 246,050 203,441 255,467 262,567 263,039 263,147 252,158 220,528 236,485 250,066 3,010,095 15.7% Non-Residential 470,777 452,075 350,608 236,836 329,996 372,421 405,706 426,071 476,990 451,870 473,858 417,763 4,864,971 25.4%---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total Revenues $1,734,997 $1,714,533 $1,514,006 $1,253,101 $1,507,488 $1,576,190 $1,632,290 $1,670,438 $1,698,525 $1,582,535 $1,640,618 $1,616,270 $19,140,992 FY 2024-25 Budget $19,551,311 Difference ($410,319) Percent -2.1% FY 2023-24 Actual $18,613,459 Difference $527,533 Percent 2.8% 14 of 17 03/21/2025 DR A F T Page 102 of 115 City of San Luis Obispo Sewer Rate Study Residential Rates Present Rates FY 2025-26 FY 2026-27 Fixed Charge Per Account $24.52 $26.11 $27.81 Consumption Charge Usage up to avg WW $9.82 $10.46 $11.14 15 of 17 03/21/2025 DR A F T Page 103 of 115 City of San Luis Obispo Sewer Rate Study Multi-Family Rates Present Rates FY 2025-26 FY 2026-27 Fixed Charge 3/4" or Less $24.52 $26.11 $27.81 1"40.95 43.61 46.44 1.5"81.65 86.96 92.61 2"130.70 139.20 148.25 3"245.21 261.15 278.12 4"408.76 435.33 463.63 6"817.28 870.40 926.98 8"1,307.70 1,392.70 1,483.23 10"1,880.02 2,002.22 2,132.36 Consumption Charge Usage up to avg WW $9.82 $10.46 $11.14 16 of 17 03/21/2025 DR A F T Page 104 of 115 City of San Luis Obispo Sewer Rate Study Non-Residential Rates Present Rates FY 2025-26 FY 2026-27 Fixed Charge 3/4" or Less $24.52 $26.11 $27.81 1"40.95 43.61 46.44 1.5"81.65 86.96 92.61 2"130.70 139.20 148.25 3"245.21 261.15 278.12 4"408.76 435.33 463.63 6"817.28 870.40 926.98 8"1,307.70 1,392.70 1,483.23 10"1,880.02 2,002.22 2,132.36 Consumption Charge All Consumption $10.27 $10.94 $11.65 17 of 17 03/21/2025 DR A F T Page 105 of 115 Page 106 of 115 879 Morro Street, San Luis Obispo, CA 93401 Volumetric Water Rates Usage (per unit1 cost) Current Proposed Effective July 1, 2024 Effective July 1, 2025 Effective July 1, 2026 Single Family Residential Tier 1: 0 to 5 units $8.54 $9.01 $9.51 Tier 2: 6 to 12 units $9.84 $10.38 $10.95 Tier 3: 13+ units $16.97 $17.90 $18.88 Multi-Family, Non-Residential, and Landscape Irrigation Multi-Family — all use $9.58 $10.11 $10.67 Non-Residential — all use $10.14 $10.70 $11.29 Landscape Irrigation — all use $10.35 $10.92 $11.52 Recycled Water is set at 90% of the landscape irrigation rate (Resolution No. 9386 2002 Series) Monthly Water Base Fees Base Fees Current Proposed Effective July 1, 2024 Effective July 1, 2025 Effective July 1, 2026 Single-Family Residential Monthly Base Fee $30.25 $31.91 $33.67 Multi-Family, Non-Residential, and Landscape Irrigation Monthly Base Fee by Water Meter Size ≤ 0.75-inch meter $30.25 $31.91 $33.67 1-inch meter $50.50 $53.28 $56.21 1.5-inch meter $100.80 $106.34 $112.19 2-inch meter $161.30 $170.17 $179.53 3-inch meter $302.60 $319.24 $336.80 4-inch meter $504.45 $532.19 $561.46 6-inch meter $1,008.60 $1,064.07 $1,122.59 8-inch meter $1,613.85 $1,702.61 $1,796.25 Water System Access Charge2 $108.50 $114.47 $120.76 Volumetric Sewer Rates Current Proposed Usage (per unit1 cost) Effective July 1, 2024 Effective July 1, 2025 Effective July 1, 2026 Single-Family and Multi- Family Residential Per Unit Cost (Up to Sewer Cap) $9.82 $10.46 $11.14 Non-Residential Per Unit Costs (for All Water Consumption) $10.27 $10.94 $11.65 Monthly Sewer Base Fees Current Proposed Base Fees Effective July 1, 2024 Effective July 1, 2025 Effective July 1, 2026 Single-Family Residential Monthly Base Fee $24.52 $26.11 $27.81 Multi-Family and Non-Residential by Water Meter Size ≤ 0.75-inch meter $24.52 $26.11 $27.81 1-inch meter $40.95 $43.61 $46.44 1.5-inch meter $81.65 $86.96 $92.61 2-inch meter $130.70 $139.20 $148.25 3-inch meter $245.21 $261.15 $278.12 4-inch meter $408.76 $435.33 $463.63 6-inch meter $817.28 $870.40 $926.98 8-inch meter $1,307.70 $1,392.70 $1,483.23 10-inch meter $1,880.02 $2,002.22 $2,132.36 Every day, the City Utilities Department delivers high-quality drinking water to City of San Luis Obispo customers while protecting the environment and public health by treating wastewater for the community. These water and wastewater systems work 24 hours a day, 7 days a week, 365 days per year. This work is primarily funded by the rates that community members pay. As a public utility, water and sewer rates reflect the cost of operating, maintaining, and upgrading these systems. To continue delivering the services that San Luis Obispo depends on, the City is proposing water and sewer rate increases, effective July 1, 2025 (Fiscal Year 2026) and July 1, 2026 (Fiscal Year 2027). What Your Rates Pay For Water and sewer systems are critical to public health. Rates pay for maintaining and replacing critical infrastructure, meeting public health regulations, purchasing and maintaining necessary equipment, paying the people who provide these essential services, and increased costs of doing business. Proposed Rates The proposed rates are calculated to recover the cost of providing water and sewer services and to proportionately allocate the costs among system users. 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. To derive the proportionality, the City completed a comprehensive Cost of Services Study in 2023. The resulting rate structures recognize different customer classes and their proportionate costs associated with water and wastewater operations. Based on an updated rate analysis completed in March 2025, water rates are proposed to increase 5.5 percent and sewer rates are proposed to increase 6.5 percent in both FY 2025-26 and FY 2026-27. If approved, the proposed water and sewer rates would become effective on July 1 of each fiscal year. Monthly Base Fees Base fees (fixed charges) are the same every month, regardless of water consumption. Base charges vary by meter size and recover fixed costs, such as fire protection, that benefit all City of San Luis Obispo water and wastewater customers. Volumetric Rates Single-Family residential volumetric water rates are billed on metered water usage in “units” and have three tiers. One unit of water is equivalent to 100 cubic feet or 748 gallons. The first 5 units of water per month are billed the first-tier rate, the following 6-12 units of water are billed the second-tier rate, and any additional units are billed the third-tier rate. These tiers reflect the costs needed to reliably serve users 24/7. Residential volumetric sewer rates use average water usage during the winter (December, January, and February) billing periods to determine a customer’s “sewer cap”. This is the basis of the usage portion of the customer’s monthly sewer charges. For more on how the sewer cap is calculated, please visit www.slocity.org/sewercap. Multi-Family, non-residential, and landscape irrigation water and non-residential sewer volumetric rates are billed based on a single per unit charge and are not subject to tiered rates. How Would the Proposed Rates Impact My Bill? Under the proposed rate changes, a typical single-family home using five units of water per month can expect the water portion of their monthly bill to increase from $76.60 to $80.81 in July 2025, and to $85.28 in July 2026. This includes the 5 percent utility users’ tax imposed on the water portion of a bill. A typical single family home using the same amount of water, with a sewer cap of four units, can expect the sewer portion of their monthly bill to increa se from $63.80 to $67.95 in July 2025, and to $72.37 in July 2026. Estimate Your Bill To calculate how the proposed water and sewer rates would affect your bill, visit www.slocity.org/utilityrates and click on “Calculate My Bill.” Call the Utilities Department at (805) 781-7133 if you need assistance. Customer Assistance Program If you need help paying your bill, visit www.slocity.org/cap to learn about the City’s customer assistance program and see if you are eligible. Your Rates Pay For: • 24/7 Operations • Routine Maintenance and Emergency Repairs • Infrastructure Improvements • Conveyance and Treatment • Environmental Monitoring 1One unit of water = 100 cubic feet = 748 gallons 2Water System Access Charge applies where the City provides only fire protection to accounts that utilize a private well for domestic purposes. Page 107 of 115 How to Protest the Proposed Water and/or Sewer Rate Increase Property owners of record and tenants directly liable to the City for payment of the water and/or sewer rates may submit a wr itten protest against the proposed changes in this notice. The protest form below is your official protest form. Only one protest p er affected property will be counted towards the majority protest. If you own multiple properties or have multiple accounts, you will rec eive separate notices for each. Replacement forms are available at the City Clerk’s Office, as needed. At the conclusion of the public hearing, the City Clerk will announce whether a majority protest exists. If a majority protes t exists, the City cannot proceed with the proposed change(s). If a majority protest does not exist, the City has the authority to adopt th e proposed rate(s), which would go into effect on July 1, 2025 and July 1, 2026. Valid protests must be in writing. Protests must be mailed to City Clerk, 990 Palm Street, San Luis Obispo, CA 93401, or hand delivered to the City Clerk. Protests submitted orally or by email, fax, or text are not valid and will not be counted. Protests 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 17, 2025. Mailed or delivered protests received after the close of the public hearing are not valid and will not be counted, even if postmarked prior to the date of the hearing. Protests 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. Protests must contain the service address and an original signature by either the owner of record or a tenant directly liable to the City for the rates. PROTEST FORM for Proposed Water and/or Sewer Rates Name (please print clearly): ___________________________________________________ Service Address (please print clearly): ___________________________________________ □ I protest the proposed Sewer Rate (check the box) □ I protest the proposed Water Rate (check the box) __________________________ ____________ □ Property Owner OR □ Account Holder Signature (must be original) Date 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 17, 2025 TIME: 5:30 PM PLACE: City of SLO, Council Chambers 990 Palm Street, San Luis Obispo, CA 93401 The public hearings will cover proposed rate increases for water and sewer services provided to users by the City. If adopted, the proposed rate increases will become effective on July 1, 2025 and July 1, 2026. This Notice of Public Hearings 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. We Value Your Input. If you have questions or would like more information, please visit www.slocity.org/utilityrates or call (805) 781-7133 Important Information Regarding Water and Sewer Rates Proposed for Fiscal Years 2026 & 2027. Get more info at: www.slocity.org/utilityrates or (805) 781-7133. AVISO DE AUDIENCIA PÚBLICA Información importante sobre las tarifas de agua y alcantarillado para los periodos fiscales 2026 & 2027. Obtenga mas información en: www.slocity.org/utilityrates o (805) 781-7133. Why am I Receiving This Notice? The City’s records indicate that you are an account holder and/or owner of a parcel receiving water and/or 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. 990 Palm Street San Luis Obispo, CA 93401 INTERNAL USE This Notice Was Provided To: AB 2257 Legal Objection Legal Objections are Separate from Rate Protests Property owners of record and tenants directly liable to the City for payment of water and/or sewer rates may file legal objections with the City. To be valid, legal objections must be in writing and include your name, address, signature, and the legal basis for the objection. The legal objection must include sufficient detail to allow the City to substantively respond to the objection. For example, stating that the proposed rates are too high or illegal without further explanation will be deemed insufficient. Legal objections must be submitted no later than June 16, 2025. Failure to submit a valid legal objection bars any right to file a legal challenge to the proposed water and sewage rates. Legal objections may be mailed or hand delivered to: 990 Palm Street, San Luis Obispo, CA 93401. Legal objections sent electronically will not be accepted. CA Government Code Section 53759 states judicial action shall be commenced within 120 days of the effective date for challenging any adopted increase in fees subject to the notice. Page 108 of 115 Legal Ad to New Times Run: Thursday, May 1, 2025 1 Day – 1 Affidavit Bill: City Clerk ART – CITY LOGO 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 17, 2025, 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 http://youtube.slo.city. 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.org. However, in order for a water or sewer rate protest to be valid, a written protest must be mailed or personally delivered to the City of San Luis Obispo Clerk’s Office, 990 Palm Street, San Luis Obispo, CA 93401, or personally delivered to the City Clerk at the noticed hearing prior to the close of the public comment period of the public hearing. Protests submitted orally or by email, fax, or text will not be valid and will not be counted. PUBLIC HEARING ITEMS:  2025-26 AND 2026-27 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 2025-26 and 2026-27.” On April 30, 2025, all property owners and account holders of record will be mailed 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 17, 2025 at 5:30 p.m.). For more information, please visit www.slocity.org/utilityrates or contact the City’s Utilities Department at (805) 781-7133 or by email at ub@slocity.org.  2025-26 AND 2026-27 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 2025-26 and 2026-27.” On April 30, 2025, all property owners and account holders of record will be mailed 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 Page 109 of 115 Obispo CA 93401, at or before the time of the protest hearing (June 17, 2025 at 5:30 p.m.). For more information, please visit www.slocity.org/utilityrates or contact the City’s Utilities Department at (805) 781-7133 or by email at ub@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: https://www.slocity.org/government/mayor-and-city-council/agendas-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 http://youtube.slo.city. Page 110 of 115 Page 1 of 5 City of San Luis Obispo Informational and FAQ Sheet: 2025-27 Proposed Water and Sewer Rate Prepared by the Utilities Department | April 2025 This document provides an informational summary of frequently asked questions, key details, important dates, and planned public engagement activities related to the proposed water and sewer rate adjustments for FY 2025-26 and FY 2026-27. Information is current as of April 18, 2025. Additional information can be found online at www.slocity.org/utilityrates and in the April 29, 2025, Council Agenda Report. Important Dates/Timeline April 29, 2025 (Tues) Staff will conduct a presentation introducing the proposed rates and request City Council authorize the mailing of the Prop 218 notice. April 30, 2025 (Wed) Anticipated date for Prop 218 notices to be mailed to parcel owner and account holder receiving water and/or sewer services. May 22, 2025 (Thur) Utilities Department staff will be at the annual Public Works and Utilities Week farmers market event held in downtown San Luis Obispo from 6:00 – 9:00 pm to provide information and answer questions. June 4, 2025 (Wed) A public informational session will be held from 5:30 – 7:00 pm at the Ludwick Community Center (864 Santa Rosa Street, San Luis Obispo, CA 93401). Community members are encouraged to attend to learn more and ask questions. June 16, 2025 (Mon) Deadline for “Legal Objections”. Please note that Legal Objections are different than protests, which are due prior to the close of the public hearing on Tues, June 17, 2025. June 17, 2025 (Tues)  Public Rate Hearings are scheduled to be held at the City Council Meeting (5:30 pm start time).  Legal objections and the City’s written responses will be presented to Council prior to the Public Hearing for their consideration.  Deadline for water and sewer rate protests. Protests are due prior to the close of the public hearing. July 1, 2025 The first proposed rate increase would take effect . July 1, 2026 The second proposed rate increase would take effect. Frequently Asked Questions (FAQs) How much are the rates increasing by? Based on the updated rate analysis completed in March 2025,  Water rates are proposed to increase 5.5 percent in both Fiscal Year 26 and 27  Sewer rates are proposed to increase 6.5 percent in both Fiscal Year 26 and 27 Page 111 of 115 Page 2 of 5 A breakdown of the current and proposed rates for each customer type can be found at www.slocity.org/utilityrates and will be provided in the Prop 218 notice mailed to every parcel owner and account holder following the authorization of City Council at the April 29, 2025 City Council meeting. When would new rates take effect? If approved, the proposed water and sewer rates would become effective on July 1 of each fiscal year. How much would this increase my bill by? The City offers an online rate calculator at www.slocity.org/utilityrates to help residential customers estimate how the proposed rate adjustments may impact their bills. Customers in other classes may call (805) 781-7133 for assistance. Why are rates increasing? The proposed water and sewer rate changes for the next two years are similar to the rate increases projected for these years when the last rate analysis was conducted in 2023. Water and sewer rates help fund past and future important infrastructure work and allows the City to continue providing essential services without taking on additional debt. Compared to what was previously projected for these years, there has been an increase in sewer rate adjustments due to cost increases and anticipated revenue changes as California Polytechnic State University (Cal Poly) is building its own on-campus wastewater treatment facility. Proposed water rate increases are slightly lower than previously projected for FY 26 and then again increase slightly due to cost increases for FY 27. Cost increases are primarily driven by cost increases associated with regulatory compliance, capital improvement projects, including storm recovery projects, inflation, and increased costs of doing business. What do rates pay for?  Conveyance of water from the City’s drinking water sources (Whale Rock Reservoir, Salinas Reservoir, and Nacimiento Reservoir) to the Water Treatment Plant where it is treated to drinking water standards and then delivered to a customer’s home or business.  Conveyance of wastewater from a customer’s home or business to the City’s Water Resource Recovery Facility “WRRF” (Wastewater Treatment Plant) where it is cleaned and discharged following environmental regulatory guidelines.  Maintenance and replacement of critical infrastructure.  Purchasing and maintaining necessary equipment.  Meeting public health regulations and environmental monitoring.  Emergency repairs.  Capital projects including the upgrades to the WRRF, implementation of Advanced Metering Infrastructure (AMI), and the City’s efforts to bring groundwater online again.  Paying the people who provide these essential services. These items are essential to providing essential water and wastewater services twenty-four hours a day, 7 days a week, 365 days a year. Page 112 of 115 Page 3 of 5 What improvements are being planned for the system? Major projects for the Water Fund over the next two years:  Continued implementation of Advanced Metering Infrastructure (AMI), which will allow residents to monitor their own water usage remotely and set up leak alerts  Construction related to the City's groundwater well development project to bring groundwater online  Maintenance at the Water Treatment Plant including ozone system, filter media, and underdrain maintenance  Initial environmental studies regarding replacement of one of the City's main water storage tanks  Water main pipeline replacement on California Street between Taft and Mill  Construction of a recycled water main pipeline on Orcutt Street between Fernwood to Laurel Major projects for the Sewer Fund over the next two years:  Finishing of the City's Water Resource Recovery Facility (WRRF) upgrade project  Sewer main pipeline replacement on Islay Street between Nipomo and Santa Rosa  Sewer main pipeline replacement on Chorro Street between Boysen and Rougeot  A flow study and continuation of the City's Inflow/Infiltration reduction program, which provides rebates to community members who replace their private sewer laterals  Maintenance and improvements at the City's lift stations in the Laguna Lake and Silver City neighborhoods What is the City doing to help balance affordability? 1. The Utilities Department actively looks for ways to operate more efficiently, minimize ongoing expenses, explore infrastructure replacement alternatives, and to secure alternative funding sources and grant opportunities to help keep costs from rising. 2. The City offers a variety of water conservation measures that help customers lower their water usage. The City’s Water Conservation Program offers complementary water conservation items, discounts on smart sprinkler controllers, and assistance with conducting water audits. The City’s Water Resources section also monitors customer usage monthly and alerts them to potential water leaks. As the City transitions to AMI, customers will also have the ability to monitor their water use in real-time and set up alerts for suspected water leaks. 3. The City offers a 15% discount to customers who qualify for the City’s Customer Assistance Program (CAP), which is funded through late fees. The Utilities Department plans to recommend that City Council increase this from 15% to 20% at the June 17, 2025, public hearing. The City also offers the ability to set up payment plans for customers experiencing challenges paying their utility bills. How are community members notified of the proposed increases?  A Prop 218 notice will be mailed to each account holder and parcel owner after the initial City Council meeting on April 29, 2025. This notice is legally required to be sent 45 days prior to the Public Rate Hearings  A City news release and social media posts will be put out on the City’s social media channels. Page 113 of 115 Page 4 of 5  A public informational session is scheduled for Wednesday, June 4, 2025, from 5:30 – 7:00 pm at the Ludwick Community Center (864 Santa Rosa Street, San Luis Obispo, CA 93401).  Staff will be at the annual Public Works and Utilities Week farmers market event held downtown San Luis Obispo on Thursday, May 22, 2025, from 6:00 – 9:00 pm.  Notification of the Public Hearings will be published 45 days and 10 days before the public hearings in a local newspaper.  Staff have also reached out to various local organizations to share information and answer questions. What are the instructions/requirements for submitting a protest? Property owners of record and tenants directly liable to the City for payment of the water and/or sewer rates may submit a written protest against the proposed changes. The protest form provided with the Prop 218 notice (scheduled to be mailed April 30, 2025) is the official protest form. Only one protest per affected property will be counted towards the majority protest. If a customer or property owner owns multiple properties or has multiple water and/or sewer service accounts, the property owner or account holder will receive separate notices for each. Replacement forms will be available at the City Clerk’s Office, as needed. Protests must be mailed to the City Clerk at 990 Palm Street, San Luis Obispo, CA 93401, or hand delivered to the City Clerk prior to the close of the public hearing. Valid protests must be in writing. Protests submitted orally or by email, fax, or text are not valid and will not be counted. Protests must be submitted to and received by the City Clerk prior to the close of the public hearing which will begin at 5:30 p.m. on Tuesday, June 17, 2025. Mailed or delivered protests received after the close of the public hearing are not valid and will not be counted, even if postmarked prior to the date of the hearing. Protests 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 they are protesting the water and/or sewer rates must be checked. Protests must contain the service address and an original signature by either the property owner of record or a tenant directly liable to the City for the rates. At the conclusion of the public hearing, the City Clerk will announce whether a majority protest exists. If a majority protest exists, the City cannot proceed with the proposed change(s). If a majority protest does not exist, the City has the authority to adopt the proposed rate(s), which would go into effect on July 1, 2025 and July 1, 2026. Is there any assistance programs for customers struggling to pay their bills? The City offers a discount on water and sewer bills through the Customer Assistance Program (CAP). Currently the discount is 15% on each monthly water and sewer bill. The Utilities Department will be recommending that City Council increase this amount to 20% at the June 17, 2025, Public Hearing. For more information, visit www.slocity.org/cap. Page 114 of 115 Page 5 of 5 A customer is eligible for rate assistance if they receive: ✔ CalWorks ✔ CalFresh (food stamps) ✔ Supplemental Social Security and/or State Supplemental Payment ✔ Veteran Survivor’s Pension Benefits ✔ OR, if the customer declares their household income to be less than twice the federal poverty rate. Helpful Resources 1. Water and Sewer Rates webpage: www.slocity.org/utilityrates 2. Customer Assistance Program webpage: www.slocity.org/cap 3. Rate calculator: https://www.slocity.org/government/department-directory/utilities- department/utility-billing/calculate-my-bill Page 115 of 115 Introduction of the 2025-27 Water & Sewer Rates Tuesday, April 29, 2025 Presentation Overview •Purpose and recommendation •Background on rate setting process and legal requirements •Overview of proposed water and sewer rate adjustments •Key cost drivers and efforts to maintain affordability •Typical customer bill impacts and regional rate comparisons •Upcoming major water and sewer projects •Public outreach, protest process, and next steps Recommendations 1.Direct the publication and mailing of a notice consistent with Article XIII D of the California Constitution and the Proposition 218 Omnibus Implementation Act (Prop 218) as it relates to water and sewer rates; and 2.Set Public Hearing dates on June 17, 2025, to consider the adoption of updated water and sewer rates if there is no majority protest in accordance with Prop 218. The Rate Setting Process The City's water and sewer services are operated as “enterprise funds” which means revenues collected fully support operations, maintenance, and capital improvements The City hires an independent consultant (HDR Engineering Inc.) to review and propose water and sewer rate needs every two years This process occurs alongside the City's Financial Planning process After the rate study has been completed, if rate adjustments are needed the City follows a legal process in accordance with Proposition 218 Water and Wastewater Rate AnalysesRevenue Requirement AnalysisCost of Service Analysis Rate Design Analysis Compares projected revenues to projected expenses to determine the rate adjustment required Distributes the revenue requirement to the customer classes of service in a proportional manner Considers both the level and structure of the rate design to collect the target level of revenues Enterprise Fund Policies Fiscal Policies Section 3. Enterprise Fund Fees and Rates The City will set fees and rates at levels which fully cover the total direct and indirect costs—including operations, capital outlay, and debt service—of the following enterprise programs: water, sewer, and parking. For Water and Sewer, the rate setting process will be in accordance with Proposition 218 and its notification requirements. Fund Balance & Reserve Policy – Enterprise Funds The City will maintain a minimum fund balance of at least 20% of operating expenditures in the water, sewer and parking enterprise funds. The City will maintain a reserve for the purposes of offsetting unanticipated fluctuations in Water Fund or Sewer Fund revenues to provide financial stability, including the stability of revenues and the rates and charges related to each Enterprise. The funding target for the Rate Stabilization Reserve will be 10% of sales revenue in the Water Fund and 5% of sales revenue in the Sewer Fund. Proposition 218 Requirements The cost of service shall not exceed the proportional cost of services provided to the corresponding parcel Revenues generated by rates must be used solely for the services for which the rates are imposed A noticed public hearing must be held on the proposed rate increases at least 45 days after mailing a written notice to the parcel owner and account holder of record of each parcel subject to the proposed rates Prop 218 notices are scheduled to be mailed April 30  Public hearings are scheduled for June 17 Written protests may be submitted by the parcel owner of record or account holder of record that is directly responsible for payment of the utility bill. Protests must include an original signature and service address. Only one protest per parcel is counted and protests must be received before the close of the public hearing to be valid The proposed rates cannot be adopted if a majority of affected property owners or account holders submit written valid protests before the close of the public hearing AB 2257 - Legal Objections Purpose •Establishes an exhaustion of administrative remedies procedure. •Ratepayers must first present their objections to the local agency's governing body before resorting to litigation. •If the City complies, a potential litigant may only bring litigation forward if they have submitted a timely written objection. •Limits court review to the administrative record. Requirements / Procedures •Legal objections must be submitted in writing by June 16, 2025, and include the filing parties name, address, signature, and the legal basis for their objection. •Stating that the proposed rates are too high or illegal without further explanation will be deemed insufficient. •Staff will respond in writing to any valid legal objections and objections and responses will be presented to Council for consideration before the June 17, 2025 Public Hearings. Tariffs Vendors are beginning to warn of additional charges if tariffs remain in place. The City’s annual chemical RFP is expected to be released in the coming days for the new chemical contract starting July 1, 2025. Staff anticipate bids may come in higher than expected, but impacts are still uncertain. Staff may return to Council to request budget modification should chemical prices go up significantly. Proposed Water Rate Adjustments Water Rate Increases (%) Proposed Projected FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 FY 32 FY 33 Previous Rate Study (2023)7.5 4.5 4.5 4.0 4.0 4.0 3.5 3.0 Current Rate Study (2025)5.5 5.5 5.0 5.0 5.0 5.0 4.5 4.5 Difference (2.0)1.0 0.5 1.0 1.0 1.0 1.0 1.5 A comparison of proposed and projected water rate percentage increases from the 2023 Comprehensive Rates Study and the 2025 updated Rate Study Analysis. Proposed Water Rates Volumetric Water Rates Usage (per unit1 cost) Current Proposed Effective July 1, 2024 Effective July 1, 2025 Effective July 1, 2026 Single Family Residential Tier 1: 0 to 5 units $8.54 $9.01 $9.51 Tier 2: 6 to 12 units $9.84 $10.38 $10.95 Tier 3: 13+ units $16.97 $17.90 $18.88 Multi-Family, Non-Residential, and Landscape Irrigation Multi-Family — all use $9.58 $10.11 $10.67 Non-Residential — all use $10.14 $10.70 $11.29 Landscape Irrigation — all use $10.35 $10.92 $11.52 Recycled Water is set at 90% of the landscape irrigation rate (Resolution No. 9386 2002 Series) 1One unit of water = 100 cubic feet = 748 gallons 2Water System Access Charge applies where the City provides only fire protection to accounts that utilize a private well for domestic purposes. Monthly Water Base Fees Base Fees Current Proposed Effective July 1, 2024 Effective July 1, 2025 Effective July 1, 2026 Single-Family Residential Monthly Base Fee $30.25 $31.91 $33.67 Multi-Family, Non-Residential, and Landscape Irrigation Monthly Base Fee by Water Meter Size ≤ 0.75-inch meter $30.25 $31.91 $33.67 1-inch meter $50.50 $53.28 $56.21 1.5-inch meter $100.80 $106.34 $112.19 2-inch meter $161.30 $170.17 $179.53 3-inch meter $302.60 $319.24 $336.80 4-inch meter $504.45 $532.19 $561.46 6-inch meter $1,008.60 $1,064.07 $1,122.59 8-inch meter $1,613.85 $1,702.61 $1,796.25 Water System Access Charge2 $108.50 $114.47 $120.76 Proposed Sewer Rate Adjustments Sewer Rate Increases (%) Proposed Projected FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 FY 32 FY 33 Previous Rate Study (2023)4.0 4.0 3.5 2.5 2.5 2.5 2.5 2.5 Current Rate Study (2025)6.5 6.5 6.5 6.5 6.5 3.5 3.5 3.5 Difference 2.5 2.5 3.0 4.0 4.0 1.0 1.0 1.0 A comparison of proposed and projected sewer rate percentage increases from the 2023 Comprehensive Rates Study and the 2025 updated Rate Study Analysis. Proposed Sewer Rates Volumetric Sewer Rates Usage (per unit1 cost) Current Proposed Effective July 1, 2024 Effective July 1, 2025 Effective July 1, 2026 Single-Family and Multi-Family Residential Per Unit Cost (Up to Sewer Cap) $9.82 $10.46 $11.14 Non-Residential Per Unit Costs (All Water Consumption)$10.27 $10.94 $11.65 1One unit of water = 100 cubic feet = 748 gallons Monthly Sewer Base Fees Base Fees Current Proposed Effective July 1, 2024 Effective July 1, 2025 Effective July 1, 2026 Single-Family Residential Monthly Base Fee $24.52 $26.11 $27.81 Multi-Family and Non-Residential by Water Meter Size ≤ 0.75-inch meter $24.52 $26.11 $27.81 1-inch meter $40.95 $43.61 $46.44 1.5-inch meter $81.65 $86.96 $92.61 2-inch meter $130.70 $139.20 $148.25 3-inch meter $245.21 $261.15 $278.12 4-inch meter $408.76 $435.33 $463.63 6-inch meter $817.28 $870.40 $926.98 8-inch meter $1,307.70 $1,392.70 $1,483.23 10-inch meter $1,880.02 $2,002.22 $2,132.36 Key Drivers Behind the Adjustments •Increased costs for: •Regulatory compliance (e.g., WRRF operations, increase to bi-annual water quality reports) •Capital improvement projects, including some storm recovery projects •Inflation and increased costs of doing business •Revenue loss from Cal Poly’s new wastewater treatment facility •Avoiding debt through “pay-as-you-go” strategies Balancing Affordability •Minimize ongoing expenses •Improving operational efficiency •Exploring infrastructure replacement alternatives •Strategic Planning •Wastewater Collection System Renewal Strategy •Water Treatment Plant Infrastructure Renewal Strategy •Staffing analysis for the new Water Resource Recovery Facility (WRRF) Grants & Alternative Funding Sources Fund Grant Purpose Project 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 Sewer Inflation Reduction Act rebates Qualified biogass property, clean commercial vehicles $5,435,542 (RECENTLY APPLIED) Water Energy Resiliency WTP Generator $1,395,000 Water Groundwater Sustainability Plan Sustainable Groundwater Management Act (SGMA) $256,395 Water Groundwater Expansion Groundwater Plume Characterization Study $1,996,575 Water Groundwater Expansion Groundwater Plume Cleanup $7,782,800 Water Self-Generation Incentive Program Tesla Battery Pack $3,202,536 Water Inflation Reduction Act rebates Clean commercial vehicles $26,250 (RECENTLY APPLIED) Water WaterSMART Grant Advanced Metering Infrastructure (AMI) $2,000,000 (RECENTLY APPLIED) Total $29,486,731 Typical Monthly Bill for a Single-Family Home Current Rates Effective 7/1/2024 Proposed Rates Effective 7/1/2025 Proposed Rates Effective 7/1/2026 Water Fixed Charge $30.25 $31.91 $33.67 Water Variable Charge $42.70 $45.05 $47.55 Utility User Tax (5% of water portion of bill) $3.65 $3.85 $4.06 Sewer Fixed Charge $24.52 $26.11 $27.81 Sewer Variable Charge $39.28 $41.84 $44.56 Total $140.40 $148.76 $157.65 For a single-family residence with a 3/4” meter and a sewer cap of 4 units using 5 units (2,992 gallons) of water What does this mean? For about $0.04 per gallon, the City secures, treats, and delivers drinking water, then collects, treats, and discharges wastewater in compliance with environmental standards, all while also providing essential non-volumetric services like fire protection for the community. How do water rates compare? How do sewer rates compare? Major Upcoming Water Projects Over the Next 2 Years •Continued implementation of Advanced Metering Infrastructure (AMI) •Construction related to the City's groundwater well development project •Maintenance at the Water Treatment Plant including ozone system, filter media, and underdrain maintenance •Initial environmental studies regarding replacement of one of the City's main water storage tanks •Water main pipeline replacement on California Street between Taft and Mill •Construction of a recycled water main pipeline on Orcutt Street between Fernwood to Laurel Major Upcoming Sewer Projects Over the Next 2 Years •Finishing of the City's Water Resource Recovery Facility (WRRF) upgrade project •Sewer main pipeline replacement on Islay Street between Nipomo and Santa Rosa •Sewer main pipeline replacement on Chorro Street between Boysen and Rougeot •A flow study and continuation of the City's Inflow/Infiltration reduction program, which provides rebates to community members who replace their private sewer laterals •Maintenance and improvements at the City's lift station in the Laguna Lake and Silver City neighborhoods Ways to Save The City offers various rebates, complementary items, and programs to support the community's water conservation efforts, including: •High-efficiency toilets and urinals •Large landscape smart irrigation controllers •Water-efficient restaurant dipper wells •Kitchen spray rinse valves •Low-flow showerheads and faucet aerators •Save water posters •Leak detection dye tables •Hose nozzles and garden hose timers •Assistance with water audits The City is also in the process of transitioning to Advanced Metering Infrastructure (AMI) which will allow customers to monitor their water usage in real time and set up leak alerts! Customer Assistance Program Residential customers may qualify for the City’s Customer Assistance Program (CAP) The City uses late fees paid by customers who do not make their payments on time to fund the Customer Assistance Program Staff plan to recommend that the discount be increased from 15% to 20% at the June 17th Public Hearing should the proposed rates be adopted Public Process & Outreach How to Engage & Provide Feedback •Review the Draft Water and Sewer Rate Update report (available on the website) •Attend one of the planned events: •Submit public comment or a protest April 29 Introduction of the Rates and Authorization to release the Prop 218 notice (City Council) May 22 Public Works and Utilities Week farmers market event from 6:00 – 9:00 pm in Downtown SLO June 4 Informational session at the Ludwick Community Center from 5:30 – 7:00 pm (864 Santa Rosa Street, SLO, CA 93401) June 17 Public Hearings (City Council) How to Protest the Proposed Rates Who Can Protest? Property owners or tenants directly responsible for the water/sewer bill. One Protest Per Property: Only one protest counts per parcel. If someone owns multiple parcels or has multiple accounts under their name they will receive a separate notice for each. Deadline: All written protests must be received by the close of the public hearing on June 17, 2025, which starts at 5:30 p.m. How to Submit: •Fill out the protest form that is included with your Prop 218 notice (scheduled to be mailed April 30, 2025) •Mail or deliver in person to: City Clerk’s Office, 990 Palm Street, San Luis Obispo, CA 93401 •Or hand-deliver at the public hearing on June 17, 2025 Requirements for Valid Protest: •Clearly state you oppose the proposed water and/or sewer rate increase by checking the applicable rate boxes •Include your service address •Signed by the account holder or property owner Prop 218 Notice Should Council authorize staff to do so, 28,565 notices will be mailed out to all parcel owners and account holders in accordance with Prop 218. There are 17,161 parcels in the City: •A majority would be 8,580 + 1 protests •If a majority protests is determined to exist at the June 17, 2025 Public Hearing, Council cannot adopt the proposed rates •If a majority protest does not exits, Council has the authority to adopt rates up to the proposed rates Questions www.slocity.org/utilityrates Call us at (805) 781-7133 Email questions or feedback to ub@slocity.org Recommendations 1.Direct the publication and mailing of a notice consistent with Article XIII D of the California Constitution and the Proposition 218 Omnibus Implementation Act (Prop 218) as it relates to water and sewer rates; and 2.Set Public Hearing dates on June 17, 2025, to consider the adoption of updated water and sewer rates if there is no majority protest in accordance with Prop 218. Water Fund SOBCs Sewer Fund SOBCs Debt Service - Water Debt Service FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 2018 Refunding Bond $27,284 $20,929 $20,829 $20,891 $20,914 $20,900 2018 Refunding Bond WTP $887,250 $885,000 $886,500 $886,500 $900,000 $891,250 2020 CIED (I-Bank) Loan $951,376 $949,476 $947,529 $945,532 $943,486 $941,389 Additional Debt – Tank Replacement & Major Pipeline ---------$325,257 $325,257 $926,983 Nacimiento Debt Service $4,622,040 $4,615,844 $4,621,896 $4,622,732 $4,617,371 $4,612,077 Total Debt Service $6,487,950 $6,471,249 $6,476,754 $6,800,912 $6,807,028 $7,392,599 Debt Service - Sewer Debt Service FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 2009 CIEDB Loan $548,786 $547,535 $546,242 $544,908 $543,530 $542,108 2014 US Bank Lease Installment Agreement $616,711 $616,477 $616,236 $615,987 ------ 2018 Refunding Bond $30,156 $23,131 $23,021 $23,090 $23,116 $23,100 2019 SRF Loan - WRRF $5,902,954 $5,902,954 $5,902,954 $5,902,954 $5,902,954 $5,902,954 Total Debt Service $7,098,607 $7,090,097 $7,088,453 $7,086,939 $6,469,600 $6,468,162 Customer Assistance Program FY 22 FY 23 FY 24 Revenue Miscellaneous Penalties (Water)$142,621 $135,242 $129,728 Miscellaneous Penalties (Sewer)$142,652 $138,014 $129,729 Expenditures CAP Actuals (Water)$(14,617)$(16,454)$(20,474) CAP Actuals (Sewer)$(13,437)$(15,225)$(16,464)