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HomeMy WebLinkAbout05/29/2003, PH2 - 2003 SEWER FUND REVIEW Council M..i,Nk j acEnaa nEpoin ^CJI (pA, CITY OF SAN LUIS OBISPO Y FROM: John Moss, Utilities Director Prepared By: Sue Baasch,Administrati alyst Dave Hix,Wastewater Division Manager SUBJECT: 2003 SEWER FUND REVIEW CAO RECOMMENDATION 1. Review and accept the 2003 annual sewer fund financial review; and 2. Conceptually approve the proposed operating program change requests and capital improvement plan requests contained in the preliminary 2003-05 Financial Plan, pending final budget review and adoption; and 3. Direct staff to set a public hearing on June 17, 2003 to consider the adoption of a resolution increasing sewer service charges by five and one-half percent (5.5%), effective July 1, 2003, and by five percent (5.0%), effective July 1, 2004. REPORT IN BRIEF The 2003 analysis shows that with regular, relatively small, rate increases, the sewer fund will maintain its health and be able to pay for the complex services and activities that provide high quality wastewater services to this community. The recommended 2003-05 Financial Plan provides the wastewater funding to maintain vital services and infrastructure as well as to make or plan for significant improvements to the system. Wastewater collection efficiency and service to the southern portion of the City will be enhanced with the design and construction of the new Tank Farm Lift Station. The future master. plan improvements to the City's Water Reclamation Facility will allow wastewater staff to meet existing and upcoming State and Federal discharge requirements. This is positive news as all the same economic forces that are impacting the City's general fund, such as rising insurance, worker's compensation and retirement costs, are also affecting the sewer fund. As well, this fund has annual debt service payments of$2.135 million each fall for the major plant and collection system improvements completed in the early 90's. Rate increases have been minimized by two factors: development impact fees have met or exceeded projections, and budget reductions. To contain costs and minimise sewer rate increases, the Utilities' wastewater staff have taken a number of steps. Wastewater staff have reduced operating costs by at least five percent from last year, eliminated an operator position at the Water Reclamation Facility, and absorbed the administration of the Phase H storm water program from the general fund,without additional staff and with limited new funding. Council Agenda Report-/003 Sewer Fund Review Page 2 In summary, while this year's fund analysis indicates that small regular rate increases will be required over the next several years, the 2003-05 Financial Plan for the Sewer Fund reflects the accomplishment of significant goals for the City and the efforts of wastewater staff to control costs while providing high quality wastewater services. The Utilities Department requests conceptual approval of the preliminary 2003-05 Financial Plan, the operating program change requests, and capital improvement plan requests contained therein. In addition, the department recommends that Council direct staff to set a public hearing on June 17, 2003 to consider the adoption of a resolution that would increase sewer rates by 5.5%, effective July 1, 2003 and 5.0% percent, effective July 1, 2004. A public hearing is required by State law prior to increasing a charge of this type. DISCUSSION Background—the development of the 2003-05 Financial Plan Knowing the economic challenges facing the City, the wastewater operations staff developed their recommended budgets, and, at the same time, identified areas for possible reductions or productivity enhancements. This resulted in a number of departmental recommendations, such as working with Engineering to develop a design/bid/construct process for Water Reclamation Facility equipment maintenance that would result in reduced expenses in both consultant design costs and contractor construction costs, and assuming responsibility for Phase 2 of the storm water NPDES program. The cumulative impact of the sewer fund budget balancing activities was to reduce expenditures by about $130,100 annually, and to develop recommendations for providing support to the General Fund(described above) as well as paying an increased franchise fee. Overview of cost Rediuctions-by NN'astewater Program Administration/Engineering contract services reduced by Service Impact: technical $25,500/yr contract and legal services, Office supplies reduced by$1,400 public information have been cut Travel reduced by$1,400 back to minimal or zero funding. Operating Materials reduced by $1,800/yr Wastewater Collection Overtime reduced by$3,300/yr Service Impact: No contingency Utilities reduced by$10,000/yr funding for unexpected weather or emergencies. Wastewater Pretreatment Laboratory /coritrect services reduced Service Impact: The five percent by$1,000/yr reduction allows the program to Office supplies reduced by$1,500/yr still meet federal and state Educ&Training reduced by$3,200/yr mandates. While service is not Various materials & supplies reduced cut drastically, some aspects of by$4,000/yr public education must be delayed or rely on previously developed materials. Water Reclamation Facility Eliminate one operator position for two Service Impact: eliminating an years-savings of$57,000/year operator position requires more Biosolids hauling reduced b overtime, which has been a -� Council Agenda Report-2003 Sewer Fund Review Page 3 Biosolids hauling reduced by overtime, which has been $20,000/year included in the recommended Travel and meetings reduced by budget. The reduction in utilities $2,0001year is related to the savings from the Utilities reduced by$91,000 year 1 and energy conservation projects. $214,100 year 2 Ongoing Commitment to Meeting our Goals The recommended budgets are based on the Utilities Department's ongoing commitment to maintaining a high level of wastewater collection and treatment service for this community, while planning for future service improvements, and for meeting existing and upcoming State and Federal discharge requirements. Following is a review of the recommended operating budgets and a,listing of the recommended 2003-05 significant operating program changes and capital improvement projects. 2003-05 Financial Plan: Sewer Fund Operations The table below shows the recommended 2003-04 and 2004-05 operating budgets for the programs in the Sewer Fund. ProgramsWastewater Program 03-04 Budget 04-0. 5 Budget Admin/Engineering 792,200 624,000 Wastewater Collection 710,000 734,200 Wastewater Pretreatment 264,600 257,600 Water Reclamation Facility 2,471,400 2,387,800 Total Sewer Operating Programs 4,238,200 4,003,600 How do the recommended budgets vary from previous years? Overall, as discussed below, they are at or below 2002-03 budgets, once the increased costs of worker's compensation, retirement contributions and franchise fees are taken into account. These three items represent an increase of about$300,000 per year to the Sewer Fund. Recommended Operating Program Changes Technical Studies for the Water Reclamation Facility Contracting for technical services for the required studies required in the Water Reclamation Facility's National Pollutant Discharge Elimination System (NPDES) Permit will cost $206,000 in 2003-04. Phase II of the Storm Water NPDES Program Funding for various activities of this required on-going program will cost $40,000 annually. This is a mandated State/Federal Clean Water Act program originally proposed to be a -3 Council Agenda Report-1003 Sewer Fund Review Page 4 administered by the Public Works Department. Development of Local Discharge Limits Developing local discharge limits in compliance with Federal and State requirements will cost $15,000 in 2003-04 for laboratory services and sampling analysis. Water Reclamation Facility NPDES Permit Fee Increase An increase to the Water Reclamation Facility's NPDES permit will cost an additional $13,500 annually. 2003-05 Financial Plan: Sewer Fund Capital Improvement Plan The Capital Improvement Plan for the Sewer Fund is shown in Attachment 2.C. Below are brief descriptions of the major projects. The first section describes new, one-time capital projects. The second section describes ongoing maintenance and replacement projects. Section 1. Master Plan Improvements Collection System Master Plan Improvements— Tank Farm Lift Station Implementation of the collection system component of the Wastewater Facilities Master Plan; the construction of the Tank Farm Lift Station will correct existing deficiencies and provide adequate infrastructure for areas of the City having development potential, is projected to cost $6 million in 2004-05. Design funds of$500,000 were approved in the 2000-01 Financial Plan. Water Reclamation Facility Master Plan Improvements Design and construction of improvement projects identified in the Wastewater Master Plan for the Water Reclamation Facility to correct existing deficiencies, provide additional facilities necessary to serve existing residents, address future discharge requirements and planned growth within the City, will cost $1,600,000 in 200405 for design and $17,650,000 in 2006-07 for construction. Studies funding of$190,000 was approved in the 2002-03 Financial Plan. Section 2. Ongoing system and plant maintenance and replacement System Improvements— Wastewater Collection Constructing collection system improvements that replace aging and inadequate sewer infrastructure to ensure uninterrupted wastewater collection and reduce maintenance activities, will cost $700,000 in 2003-04, $750,000 in 2004-05, and$750,000 in 2005-06 and 2006-07. Voluntary Sewer Lateral Rehabilitation Program Maintaining adequate funding for the Voluntary Sewer Lateral Rehabilitation Program that meets demand as property owners repair their privately-owned sewer laterals, and, thereby, reduce infiltration and inflow into the City's wastewater collection system, will cost $150,000 in 2003- 04 and 2004-05. Council Agenda Report--2003 Sewer Fund Review Page 5 Major Water Reclamation Facility Maintenance and Upgrade projects Continuing the ongoing major maintenance at the Water Reclamation Facility, to ensure proper function, prolong service life, and maintain high quality treatment processes, will cost $360,000 in 2003-04, $475,000 in 2004-05, and is projected to cost $478,000 in 2005-06 and $480,000 in 2006-07. Vehicle Replacements Replacing Wastewater Division vehicles to provide adequate and reliable equipment and transportation for staff will cost $116,000 in 2003-04 and $127,000 in 2004-05. In 2003-04, Wastewater Collection's 1991 video inspection van is recommended for replacement, and a shared sedan for Pretreatment and WRF staff is recommended to be added to the fleet. In 2004- 05,two service trucks for the Wastewater Collection are recommended for replacement. Working Capital Balances Projected working capital exceeds the policy minimum of 20% of operating expenses. Using working capital funds in excess of the policy minimums to reduce requested rate increases is not recommended as an ongoing strategy. As can be seen, almost $2.5 million of working capital is used to fund capital projects in 02-03 and an additional $528,600 of working capital is projected to be used in 03-04. It is not until 2004-05 that revenues and expenditures are forecasted to match. Thereafter, revenues and expenditures match fairly closely and working capital remains fairly level. This working capital level, while not extremely high, does allow the fund to meet emergency situations and to pay for some one-time capital projects without debt financing. Rate Review Exhibits Financial schedules providing detail for the sewer fund analysis are provided in Attachments 2. A through 2.C. These include an analysis showing changes in working capital from 2001-02 to 2007-08; summary of key assumptions by year; and the proposed four-year capital improvement plan. Rate Setting Methodology In determining sewer revenue requirements and setting recommended rates, the following general methodology is used: Step 1: Determine Sewer Fund revenue requirements for: a. Operations and maintenance a. Capital improvements and replacements b. Debt service obligations (existing and projected) Step 2: Subtract from this amount"non-rate revenues" such as: a. Interest earnings b. Connection fees and meter sales a -s� Council Agenda Report-z003 Sewer Fund Review Page 6 c. Revenues from other agencies (Cal Poly) d. Other service charges (service start-up fees, late charges, etc.) Step 3: Identify sewer rate requirements: a. Revenue needed to be generated from sewer rates is the difference between sewer revenue requirements (Step 1) and"non-rate"revenues (Step 2). Step 4: Determine new rates: a. Model the rate base (consumption and customer account assumptions) against the existing rate structure and rate requirements identified in Step 3. Because this analysis is performed over a multi-year period, other factors are considered, such as working capital available to support capital projects, debt service requirements, and minimum working capital policy. Summary of Key Assumptions The following is a summary of key assumptions for expenditures and revenues: a. Operations and maintenance costs are based on the preliminary 2003-05 Financial Plan with an inflation rate of 3%thereafter. b. Sewer customer growth rate is projected at 1%. c. Sales to Cal Poly are based on historic use and the 2003 Agreement between the City and the University. This agreement set the proportion (74%) of the non-residential rate the University pays to account for the University's difference from other customers (capacity interest percentage in the collection system and at the Water Reclamation Facility). d. Capital improvement charges (development impact fees) are estimated based on inflation and customer growth assumptions. This analysis assumes a varying percentage collection of these fees (see Exhibit 2-A). Development occurring under maps vested prior to impact fee establishment pays only those fees in place at the time of approval. e. Annual debt service payments of$2,135,500 are to repay the State Revolving Loan Funds received by the City for the construction of the Unit 3 and 4 improvements to the Water Reclamation Facility and collection system improvement("Relief Sewer Main"). f. Annual debt service payments of$282,900 for the energy conservation projects will begin in 2003-04. Electrical savings at the Water Reclamation Facility are projected to equal debt service payments by 2004-05. g. Annual debt service is increased by $360,000 in 2005-06 to pay for the $4.5 million Tank Farm Lift Station project. a_� r Council Agenda Report--z003 Sewer Fund Review Page 7 h. Annual debt service is increased by $96,000 in 2005-06 to pay for the design phase of the Master Plan improvements and increased by $1,059,000 in 2007-08 to pay for the construction phase of Master Plan improvements at the Water Reclamation Facility. It is hoped that this project will receive State Revolving Loan Funding. By 2007-08, the sewer fund is projected to have more than $3.93 million dollars in annual debt service payments. This will last for only four years, as the State Revolving Loan Funds for the improvements in the early 90's will be paid in full by the fall of 2012, retiring the annual debt service of$2.135 million. Sewer Rate History The table below shows a ten-year history of sewer rates from 1995 to 2005. It also shows an additional two years into the future as it is anticipated that the master plan improvements will be underway, and the sewer fund must be positioned to fund the debt service for $17.7 million in improvements. As can be seen, over the ten years from 1995 to 2005, sewer rates will have increased by about $9.00 per month for single family residents. They are projected to increase by an additional $2.39 in 2006-2008 as the fund begins to support the costs associated with master plan improvements. SingleYear Family ChargeSewer Service A Historical Perspective of Projected Sewer Rates 2007-08 31.75 2006-07 30.53 In the ten-year period from 1995-96 2005-06 29.36 to 2005-06, projected sewer rates 2004-05 27.96 will have increased 44% while the 2003-04 26.63 cost of living will have increased a projected 54%. The single-family Adopted sewer rate will have increased from $20.35 to a projected $29.36 per 2002-03 25.24 month. When considered in context 2001-02 24.50 with the increases associated with 2000-01 23.79 inflation and the significant 1999-00 22.88 improvements made to our services, 7998-99 21.79 facilities and infrastructure, the 1997-98 21.47 increase represents considerable 1996-97 20.95 value versus expense. 1995-96 20.35 SUMMARY The City Council's commitment to adopting small, regular sewer rate increases and setting a -r) Council Agenda Report=X003 Sewer Fund Review Page 8 FISCAL IMPACT In July 2003, the recommended sewer rate increase of five and one-half percent establishes monthly sewer service rates of $26.63 for single-family dwellings, an increase of $1.39 per month over the 2002 single-family rates. In July 2004, the recommended sewer rate increase of five percent establishes monthly sewer service charges of$27.96 for single-family dwellings, an increase of$1.33 from the,2003 rates. ATTACHMENTS 1. Proposed Schedule of Monthly Sewer Service Rates for consideration June 17, 2003 2. Sewer Fund Review Exhibit 2. A—Changes in financial position Exhibit 2. B—Assumptions for fund projections Exhibit 2. C—Capital improvement plan Attachment 1 PROPOSED SCHEDULE OF MONTHLY SEWER SERVICE RATES Effectnre Date .• of Account July 1, 200300. Single family dwelling, including single meter condominiums and townhouses $26.63 $27.96 Multi-family dwelling in any duplex, apartment house or rooming house, per 20.97 22.02 each dwelling unit Mobile home or trailer park,per each 15.83 16.62 dwelling unit Public, private, or parochial school, average daily attendance at the school 3.00 3.15 All other accounts Minimum charge 26.63 27.96 Additional charge for every 100 cubic 3,12 3.28 feet in excess of 500 cubic of metered water consumption Each vehicle discharging sewer into City system Minimum charge 87.73 92.12 Additional charge per 100 gallons in 5.28 5.54 excess of 1500 gallons discharged a-9 Attachment 2. 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