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HomeMy WebLinkAbout06/16/1992, 2 - SEWER FUND RATE REVIEW MEETING DATE: city of San LUIS OBISPO 6-/,� - 92- COUNCIL AGENDA REPORT ITEM NUMBER: FROM: William C. Statler, Director of Finance W� Prepared by: Linda Asprion, Revenue Manager SUBJECT: SEWER FUND RATE REVIEW CAO RECOMMENDATION Adopt a resolution setting sewer service charges for 1992-93 through 1994-95. DISCUSSION Overview In June of 1990, the City Council approved a multi-year revenue program based on the recommendations of Brown and Caldwell, consulting engineers, for the water reclamation plant upgrade project. Under the adopted plan, sewer rates for single meter residential (SMR) accounts would rise annually for four years by $2.00 per month, increasing from $8.50 in 1989-90 to $16.50 by 1993-94. The primary purpose of these new revenues would be to finance the construction and operation of major improvements in our treatment and collection systems. Since this revenue plan was originally prepared, we are now in a better position to fully assess the capital and operating costs necessary to support these improvements. Based on a detailed analysis of the sewer fund's financial requirements (Exhibit A), it is recommended that SMR rates increase by an additional $ .50 in 1992-93 and $150 in 1993-94, resulting in a base rate of $18.50 per month in 1993-94 rather than the earlier projection of $1650, an increase of 12%. I Summary of Changes in Key Assumptions In preparing long-term revenue plans, it is necessary to develop a number of key assumptions which are subject to change depending on their number and the level of uncertainty associated with them. In preparing sewer rate projections, key assumptions include: ■ Expenditure requirements for operations, capital outlay, and debt service ■ Customer service growth ■ Other revenues such as capital improvement charges and interest on investments Exhibits A through C detail the rate requirements of the sewer fund through 1996-97 compared with original projections. As reflected in these exhibits, it is projected that sewer fee revenues will be $560,000 less than required by 1993-94 (which is the 'base year" for revenue requirements as operating and debt service costs associated with the treatment and collection system improvements will be fully-developed by that time) under currently scheduled rates. ��+++�►�Hil�illlllllll�' �IIlIU city of San L"IS OBISp0 - COUNCIL AGENDA REPORT A detailed summary of the changes in key assumptions that account for this shortfall is provided in Exhibit C. As reflected in this summary, no one factor is responsible for this shortfall, but rather, it is due to a combination of variances in several key assumption areas for both revenues and expenditures. Major factors include: ■ Estimated revenues for 1993-94 under currently scheduled rates are 5% ($231,000) less than projected by Brown and Caldwell. Staff believes that the primary factor contributing to this shortfall is reduced effluent from non-residential customers due to water conservation. ■ Projected revenues from interest earnings are lower than estimated by Brown & Caldwell by $44,000. ■ The water reclamation program is estimated to cost $86,500 during 1993-94. Brown and Caldwell did not include any costs for this program in their projections as the program was developed after the completion of their report. ■ The pretreatment program is projected to have a net cost of $92,000 by 1993-94. It was originally projected that this program would be fully-funded by user fees. ■ Ongoing capital maintenance requirements are $87,000 greater than projected by Brown & Caldwell. The revised projections include three key assumptions that continue to reflect high levels of uncertainty: Capital Improvement Charges Brown & Caldwell's and the revised projection reflect comparable capital improvement charge revenues by 1994-95 ($620,900 vs $629,900). However, this is based on a 1% growth rate. As reflected in the revised projection, only $20,800 from this source is projected for 1992-93 and only $314,900 for 1993-94. Cal Poly Charges. Staff is currently negotiating with Cal Poly to increase their rates based upon the percentage of costs attributable to them for sewer treatment and collection compared to total system costs. It is anticipated that this increase will be stepped in over a five year period beginning in 1992-93. - Thereafter, Cal Poly rates will increase concurrently with other customers. We anticipate submitting a new agreement with Cal Poly reflecting this approach for Council approval in August of 1992. Debt Service Requirements. As reflected in Exhibit A, our current projections assume that repayment of the state loan will begin in 1992-93 at a cost of $251,500 for the relief sewer main project only, with debt service for treatment plant units 3 and 4 beginning in 1993-94. However, there is some uncertainty under current state guidelines concerning when repayment should begin: upon completion of construction or within one year after the first loan draw down. We believe that loan repayment should begin after completion of construction, and staff is currently negotiating with the State to ensure that this repayment schedule is followed. If the State requires payment within one year after the first loan draw down, debt service costs for 1992-93 could increase by as much as $1.3 million; however, there would be no impact on subsequent year debt service payments. �iu�1►�1���►Illlli�pp1"°�9�U�11 City Of San WIS OBISPO A COUNCIL AGENDA REPORT FISCAL IMPACT Compared with existing scheduled rate increases, the recommended rate structure would increase monthly single meter residential (SMR) rates by an additional $ .50 in 1992-93 and $1.50 in 1993-94, summarized as follows: 1992-93 1993-94 Currently Scheduled SMR Rate $14.50 $16.50 Recommended SMR Rate 15.00 18.50 For multi-family residential accounts, the rate structure is based on the concept of SMR equivalencies using population per household ratios from the 1990 census: 1992-93 Monthly Equivalency Rate SMR Accounts 1.0 $15.00 Multi-Family Percent 0.8 12.00 Mobile Home Percent 0.6 9.00 For non-residential accounts, rates are adjusted on a percentage basis consistent with the rate increase for SMR accounts. After 1993-94, a modest rate increase of 5% is projected and is reflected in the recommended rates for 1994-95. ATTACHMENTS Resolution adopting sewer service charges Exhibits i A. Revised sewer fund financial projections 1. Projected sewer fund revenues, expenditures, and changes in financial condition through 1996-97. 2. Summary of key assumptions B. Original sewer fund projections prepared by Brown & Caldwell 1. Operations and maintenance 2. Source and application of funds C. Summary of key revenue plan assumptions: Brown& Caldwell vs revised projections -3 RESOLUTION NO. (1992 Series) A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO ESTABLISHING SEWER SERVICE CHARGES WHEREAS, it is the policy of the City of San Luis Obispo to review enterprise fund fees and rates on an ongoing basis and to adjust them as required to ensure that they remain equitable and adequate to fully cover the cost of providing services; and WHEREAS, a comprehensive analysis of Sewer Fund operating, capital, and debt service needs has been performed for fiscal years 1992-93 through 1996-97. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo as follows: SECTION 1. Resolution No. 6824 (1990 Series) is hereby rescinded. SECTION 2. Fees for sewer service are hereby established as follows: A. Every person or business entity whose premises in the City are served by a connection with the City's sewer system shall pay monthly service charges per Schedule 1 attached hereto. B. Any non-residential customer using substantial amounts of r water consumed for landscaping or other purposes not requiring sewer treatment or collection facilities may appeal to the Utilities Director to determine an equitable ratio of sewer use for billing purposes or the user may, at the user's own expense, install private measuring devices in accordance with the specifications approved by the Utilites Director. On motion of , seconded by and on the following roll call vote: AYES: NOES: ABSENT: the foregoing resolution was passed and adopted this day of , 1992. Mayor Ron Dunin ATTEST: City Clerk APPROVED: City. A inistrative Officer t tto e Di ector of Finance w 14av lities Direfctor �'J SCHEDULE 1 MONTHLY SEWER SERVICE CHARGES Effective Dates Type of Account 7/1/92 7/1/93 7/1/94 ---------------------------------------------------------------- Single family dwelling, $15.00 $18.50 $19.50 including single meter condominiums and townhouses Multi-family dwelling unit $12.00 $14.75 $15.50 in any duplex, apartment house or roominghouse, per each dwelling unit Mobile Home or trailer park, $ 9.00 $11.10 $11.70 per each dwelling unit Hotel, motel, or auto court, $12.00 $14.75 $15.50 per each unit Public, private or parochial $ 1.70 $ 2.10 $ 2.20 school, average daily attendance at the school Each restaurant or bakery Minimum charge $15.00 $18.50 $19.50 Additional charge for every $ 3.00 $ 3.70 $ 3.90 100 cubic feet in excess of 500 cubic feet of metered water consumption .All other accounts Minimum charge $15. 00 $18.50 $19.50 Additional charge for every $ 1.80 $ 2.20 $ 2.30 100 cubic feet in excess of 500 cubic feet of metered water consumption Each vehicle discharging sewage into City system Minimum charge $50.30 $62.00 $65.00 Additional charge per $ 3.00 $ 3.70 $ 3.90 100 gallons in excess of 1500 gallons discharged ..... ...... i. 00 00 '04 O O 9 r C Exhibit �:�::`':'<��: to tD N •.• •.• O � to t0 h eT t0 t0 en et 0o to h to •� r to h f+1 t0 N :SGTrm :; :" to fl N �O iii'+'3jC�S �vk: Q t/•1 O p O tO h t0 fn O O en O fry 8 Pf to t0 to Q 01 r 8 t0 en en t0 >: Go eon cc n v hen .fir O v�'1 N N N O N O ... et R r ON <0.1::::''::A:i to t0 e•1 N h cc cc' cc O en C�eD O O V to 0fi OD Ot O to to 4 % a m N V r 00 .� R tD to f+1 N N %0 O to 00 88 pp h N C h O O n pp�� Npp n en a O N a 0 8 ^ 000 O0. 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O m G rm. : L m 94 WC 1 C 3 ►W Exhibit—G Summary of Key Revenue Plan Assumptions 1993-94 Base Year Brown & Revised Favorable Caldwell Projection Projection Variance Notes EXPENDITURES Operations& Maintenance Treatment $1,659,500 $1,641,900 $17,600 (1) Collection 357,700 424,600 (66,900) (1) Administration & engineering 722,600 843,900 (121,300) (2) Pretreatment(net of user fees) 0 92,000 (92,000) (3) Reclamation 0 86,500 (86,500) (3) Total operations &maintenance 29739,800 3,088,900 (349,100) Ongoing Capital Maintenance 365,000 452,000 (87,000) (4) Debt Service 2,094,900 2,100,100 (5,200) Total Expenditures 5,199,700 5,641,000 (441,300) REVENUES Sewer service charges at$16.50 per month (single family residential) 4,417,900 4,186,800 (231,100) (5) Capital improvement charges 589,900 3149900 (275,000) (6) Other service charges 138,900 133,700 (5,200) Interest on investments 84,100 40,000 (44,100) Total Revenues 5,230,800 4,675,400 (555,400) NET VARIANCE LS2L6 700 'Notes:to`tlie'Ke:`:::Assum"`tions<::::: 1. The core of the sewer system's operating costs — treatment and collection — are very close to the original projections,varying by only 2%. 2. The variance in A&E costs is primarily due to a change in the allocation of these costs between sewer and water. When the projections were originally prepared, only 10% of Utilities administrative and engineering costs were allocated to the Sewer Fund, with the remaining 90% allocated to the Water and Whale Rock Funds. The sewer allocation has been changed to 40% (with a commensurate reduction to the Water Fund)which better reflects the allocation of the administrative workload between these two Divisions. 3. The pretreatment program was expected to be fully funded through industrial user fees; the water reclamation program was implemented after the original projections were prepared. 4. Current projections for capital maintenance requirements are higher than original estimates. 5. Current revenue projections from the $16.50 rate are 5% less than the original estimates. 6. Revenues from this source are conceptually similar to the original estimates; howvever, we are projecting revenues at a 1/2 percent growth rate rather than 1% for 1993-94. Beginning in 1994-95, the 1%growth factor is used.