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HomeMy WebLinkAboutAgenda Report - February 1, 2017 C-18 PHTM CITY OF LODI COUNCIL COMMUNICATION AGENDA TITLE: MEETING DATE: PREPARED BY: AGENDA ITEM C- 1 8 Set Public Hearing for February 15, 2017, to Consider Adopting Resolution Setting Pre - Approved Engineering News Record Adjustment Index for Usage -Based and Flat Water Rates for Residential, Commercial, and Industrial Customers February 1, 2017 Public Works Director RECOMMENDED ACTION: Set public hearing for February 15, 2017, to consider adopting resolution setting pre -approved Engineering News Record adjustment index for usage -based and flat water rates for residential, commercial, and industrial customers. BACKGROUND INFORMATION: The City Council has made numerous water rate decisions over the past few years. On May 7, 2014, City Council approved a five-year program of rate adjustments for water, wastewater, and solid waste services. For the water and wastewater utilities, the approved annual rate adjustment is the lesser of the Engineering News Record (ENR) index change or three percent. A summary of the past years water rate adjustments relative to the ENR index change is provided in Attachment A. The purpose of this table is to demonstrate that past actual rate increases have frequently been below those approved. The previous year's ENR index change was 3.36 percent and at the public hearing on December 21, 2016, staff recommended a water rate increase of three percent in response to a declining balance in the water fund. The reduction in sales revenue due to conservation, coupled with increased construction costs, primarily associated with the Water Meter Program (WMP) driving the recommendation for the maximum three percent. A three percent increase will allow for the planned construction of WMP Phase 7 in Fiscal Year 2016/17, however, it is expected to result in the utility dipping into reserves by $783,000 in Fiscal Year 2017/18 and by $1.4 million in Fiscal Year 2018/19. While Tess "comfortable", this temporary condition is acceptable because it is short term and provides a minimum of $600,000 in Fiscal Year 2018/19 to account for unforeseen conditions that may be experienced by the utility. As mentioned above, the proposed three -percent increase is pre - approved as a result of the City's Proposition 218 rate setting process conducted in May 2014. At the public hearing held on December 21, 2016, Council requested staff evaluate a rate increase of less than three percent. A one-year, two -percent rate increase, followed by annual three percent increases through Fiscal Year 2019/20, will result in the water utility dipping into reserves by almost $1 million dollars in Fiscal Year 2017/18 and $1.7 million in Fiscal Year 2018/19, if construction of WMP Phase 7 is implemented as planned in Fiscal Year 2016/17. This would only provide a minimum of $260,000 to account for unforeseen conditions that may be experienced by the utility. Staff does not recommend to further stress the financial condition of the utility when a pre -approved rate increase of three percent is available for this year. Another option includes postponing WMP Phase 7 until Fiscal Year 2017/18 and implementing a two percent increase in both Fiscal Year 2016/17 and Fiscal Year 2017/18. This option preserves the utility's minimum reserve balance, however, it would extend the schedule for completing the WMP until Fiscal Year 2019/20 and APPROVED: Step Schwa K:\WP\UTILITY RATES\W WW\2017 W_WW Rate Increase\CCSetPH__WaterRates2017 Feb_ces.doc r, C ty Manager 1/27/17 Set Public Hearing for February 15, 2017, to Consider Adopting Resolution Setting Pre -Approved Engineering News Record Adjustment Index for Usage -Based and Flat Water Rates for Residential, Commercial, and Industrial Customers February 1, 2017 Page 2 could add approximately $120,000 (equivalent to roughly one percent of revenues) to the overall WMP cost due to inflation if construction costs continue to increase at the present rate of approximately three percent per year. This option imposes the least financial stress on the utility and tempers the annual rate increases over two years, however, it does counter original Council goals of accelerating the WMP to minimize the time of converting customers from flat -rate to metered rates. When considering the preferred financial position of the utility, the option of postponing the WMP Phase 7 by one year is worth considering. A summary of current and proposed rates (for the recommended three -percent increase) for flat -rate and usage -based rate customers is provided in Attachment B1. For a resident billed on the flat -rate, the monthly charge for a three-bedroom home will increase from $45.89 to $47.27, or $1.38 per month. A metered resident using an average of 1,800 cubic feet of water per month will see an increase from $40.63 to $41.89, or $1.26 per month. A summary of current and proposed rates (for the two -percent increase) for flat -rate and usage -based rate customers is provided in Attachment B2. For a resident billed on the flat -rate, the monthly charge for a three- bedroom home will increase from $45.89 to $46.81, or $0.92 per month. A metered resident using an average of 1,800 cubic feet of water per month will see an increase from $40.63 to $41.57, or $0.94 per month. As reflected in the City's Financial Plan for the three -percent increase (Attachment C1), the two -percent increase (Attachment C2), and the optional two -percent increase for Fiscal Year 2016/17 and Fiscal Year 2017/18, while postponing WMP Phase 7 construction (Attachment C3), fund balances rebound upon completion of the City's multi-year Water Meter Program. FISCAL IMPACT: The Water Utility is requiring increased revenue to accommodate the impacts of conservation coupled with inflationary pressures in the construction industry resulting from an improving economy. FUNDING AVAILABLE: Not applicable. c Charles E. Swimley, Jr. Public Works Director Prepared by Rebecca Areida-Yadav, Public Works Management Analyst CES/RAY/tdb Attachments K:\WP\UTILITY RATES\W_WW\2017 W_WW Rate Increase\CCSetPH_WaterRates2017 Feb_ces doc 1/27/17 Attachment A Programmed and Implemented Rate Adjustments Water Year Programmed Implemented 2009 3.10 (1) 0 2010 0.73 (1) 0 2011 5.98 (2) 2.0 2012 2.53 (3) 2.2 2013 2.50 (3) 2.5 2014 3.30 (3) 2.5 2015 2.00 (3) 2.0(4) 2016 1.975(3) 1.975 (4) 2017 3.36 (3) 3.0 (4) (1) Consumer Price Index change (2) Consumer Price Index change (December 2008 through December 2010) (3) Engineering News Record Index change (4) Recommended by Staff Attachment B1 City of Lodi Current and Proposed Flat Water Rates Notes: (1) Multi -family includes duplexes, triplexes, fourplexes, apartments, and condominiums. (2) These are the maximum rates for each year, without a formal rate -setting process. Actual water rate adjustments may be lower and would be tied to annual changes in the ENR index Future Rate Ceiling (2) Current (Jan. 2016) Proposed (Jan. 2017) Potential (Jan. 2018) Potential (Jan. 2019) Rate Increase --> 3.0% 3.0% 3.0% FLAT RATES Single Family Residential 1 Bedroom $ 31.88 $ 32.84 $ 33.83 $ 34.84 2 Bedroom $ 38.29 $ 39.44 $ 40.62 $ 41.84 3 Bedroom $ 45.89 $ 47.27 $ 48.69 $ 50.15 4 Bedroom $ 55.14 $ 56.79 $ 58.49 $ 60.24 5 Bedroom $ 66.13 $ 68.11 $ 70.15 $ 72.25 6 Bedroom $ 79.37 $ 81.75 $ 84.20 $ 86.73 7 Bedroom $ 95.17 $ 98.03 $ 100.97 $ 104.00 Multi -Family (1) 1 Bedroom $ 27.37 $ 28.19 $ 29.04 $ 29.91 2 Bedroom $ 32.83 $ 33.81 $ 34.82 $ 35.86 3 Bedroom $ 39.40 $ 40.58 $ 41.80 $ 43.05 Mobile Homes Any Size $ 27.37 $ 28.19 $ 29.04 $ 29.91 Non -Residential Existing unmetered Varies +3.0% +3.0% +3.0% Notes: (1) Multi -family includes duplexes, triplexes, fourplexes, apartments, and condominiums. (2) These are the maximum rates for each year, without a formal rate -setting process. Actual water rate adjustments may be lower and would be tied to annual changes in the ENR index City of Lodi Current and Proposed Usage -Based Water Rates Notes: (1) Multi -family includes duplexes, triplexes, fourplexes, apartments, condominiums, and mobile home parks. (2) These are the maximum rates for each year, without a formal rate -setting process. Actual water rate adjustments may be lower and would be tied to annual changes in the ENR index Future Rate Ceiling (2) (Jan. Current 2016) Proposed (Jan. 2017) Potential (Jan. 2018) Potential (Jan. 2019) Rate Increase --> 3.0% 3.0% 3.0% USAGE -BASED RATES Monthly Service Charge Single Family Up to 3/4" meter $ 21.23 $ 21.87 $ 22.53 $ 23.21 1" meter $ 33.34 $ 34.34 $ 35.37 $ 36.43 1 1/2" meter $ 63.35 $ 65.25 $ 67.21 $ 69.23 2" meter $ 99.53 $ 102.52 $ 105.60 $ 108.77 Multi -Family and Non -Residential (1) Up to 3/4" meter $ 21.23 $ 21.87 $ 22.53 $ 23.21 1" meter $ 33.34 $ 34.34 $ 35.37 $ 36.43 1 1/2" meter $ 63.35 $ 65.25 $ 67.21 $ 69.23 2" meter $ 99.53 $ 102.52 $ 105.60 $ 108.77 3" meter $ 183.98 $ 189.50 $ 195.19 $ 201.05 4" meter $ 304.59 $ 313.73 $ 323.14 $ 332.83 6" meter $ 605.85 $ 624.03 $ 642.75 $ 662.03 8" meter $ 967.52 $ 996.55 $ 1,026.45 $ 1,057.24 10" meter $ 1,389.57 $ 1,431.26 $ 1,474.20 $ 1,518.43 Usage Rates ($/CCF) Single Family Tier 1 (0-10 CCF) $ 0.94 $ 0.97 $ 1.00 $ 1.03 Tier 2 (11-50 CCF) $ 1.25 $ 1.29 $ 1.33 $ 1.37 Tier 3 (>50 CCF) $ 1.55 $ 1.60 $ 1.65 $ 1.70 Multi -Family and Non -Residential (1) All water usage $ 1.12 $ 1.15 $ 1.18 $ 1.22 Notes: (1) Multi -family includes duplexes, triplexes, fourplexes, apartments, condominiums, and mobile home parks. (2) These are the maximum rates for each year, without a formal rate -setting process. Actual water rate adjustments may be lower and would be tied to annual changes in the ENR index Attachment B2 City of Lodi Current and Proposed Flat Water Rates Notes: (1) Multi -family includes duplexes, triplexes, fourplexes, apartments, and condominiums. (2) These are the maximum rates for each year, without a formal rate -setting process. Actual water rate adjustments may be lower and would be tied to annual changes in the ENR index Future Rate Ceiling (2) Current (Jan. 2016) Proposed (March 2017) Potential (Jan. 2018) Potential (Jan. 2019) Rate Increase --> 2.0% 3.0% 3.0% FLAT RATES Single Family Residential 1 Bedroom $ 31.88 $ 32.52 $ 33.50 $ 34.51 2 Bedroom $ 38.29 $ 39.06 $ 40.23 $ 41.44 3 Bedroom $ 45.89 $ 46.81 $ 48.21 $ 49.66 4 Bedroom $ 55.14 $ 56.24 $ 57.93 $ 59.67 5 Bedroom $ 66.13 $ 67.45 $ 69.47 $ 71.55 6 Bedroom $ 79.37 $ 80.96 $ 83.39 $ 85.89 7 Bedroom $ 95.17 $ 97.07 $ 99.98 $ 102.98 Multi -Family (1) 1 Bedroom $ 27.37 $ 27.92 $ 28.76 $ 29.62 2 Bedroom $ 32.83 $ 33.49 $ 34.49 $ 35.52 3 Bedroom $ 39.40 $ 40.19 $ 41.40 $ 42.64 Mobile Homes Any Size $ 27.37 $ 27.92 $ 28.76 $ 29.62 Non -Residential Existing unmetered Varies +3.0% +3.0% +3.0% Notes: (1) Multi -family includes duplexes, triplexes, fourplexes, apartments, and condominiums. (2) These are the maximum rates for each year, without a formal rate -setting process. Actual water rate adjustments may be lower and would be tied to annual changes in the ENR index City of Lodi Current and Proposed Usage -Based Water Rates Notes: (1) Multi -family includes duplexes, triplexes, fourplexes, apartments, condominiums, and mobile home parks. (2) These are the maximum rates for each year, without a formal rate -setting process. Actual water rate adjustments may be lower and would be tied to annual changes in the ENR index Future Rate Ceiling (2) Current (Jan. 2016) Proposed (March 2017) Potential (Jan. 2018) Potential (Jan. 2019) Rate Increase --> 2.0% 3.0% 3.0% USAGE -BASED RATES Monthly Service Charge Single Family Up to 3/4" meter $ 21.23 $ 21.65 $ 22.30 $ 22.97 1" meter $ 33.34 $ 34.01 $ 35.03 $ 36.08 1 1/2" meter $ 63.35 $ 64.62 $ 66.56 $ 68.56 2" meter $ 99.53 $ 101.52 $ 104.57 $ 107.71 Multi -Family and Non -Residential (1) Up to 3/4" meter $ 21.23 $ 21.65 $ 22.30 $ 22.97 1" meter $ 33.34 $ 34.01 $ 35.03 $ 36.08 1 1/2" meter $ 63.35 $ 64.62 $ 66.56 $ 68.56 2" meter $ 99.53 $ 101.52 $ 104.57 $ 107.71 3" meter $ 183.98 $ 187.66 $ 193.29 $ 199.09 4" meter $ 304.59 $ 310.68 $ 320.00 $ 329.60 6" meter $ 605.85 $ 617.97 $ 636.51 $ 655.61 8" meter $ 967.52 $ 986.87 $ 1,016.48 $ 1,046.97 10" meter $ 1,389.57 $ 1,417.36 $ 1,459.88 $ 1,503.68 Usage Rates ($/CCF) Single Family Tier 1 (0-10 CCF) $ 0.94 $ 0.96 $ 0.99 $ 1.02 Tier 2 (11-50 CCF) $ 1.25 $ 1.28 $ 1.32 $ 1.36 Tier 3 (>50 CCF) $ 1.55 $ 1.58 $ 1.63 $ 1.68 Multi -Family and Non -Residential (1) All water usage $ 1.12 $ 1.14 $ 1.17 $ 1.21 Notes: (1) Multi -family includes duplexes, triplexes, fourplexes, apartments, condominiums, and mobile home parks. (2) These are the maximum rates for each year, without a formal rate -setting process. Actual water rate adjustments may be lower and would be tied to annual changes in the ENR index City of Lodi -- Water Utility Financial Plan Summary FY 16-17 FY 17-18 Beginning Balance Revenues Water Sales Interest Earnings Other Revenues Transfer From/(To) RSF (18x) Transfer from Fund 182 for Debt Service Total Revenues Expenditures Transfer Out to General Fund (Cost of Services) Transfer Out to Capital Fund 181 for projects To Capital Fund 181 (Depreciation) Personnel Services Utilities Supplies, Mat'Is., Services & Other Debt Service 1991 CSDW Loan Payments Net 2010 Rev. Bond Payments Total Expenditures Ending Balance Operating Reserve (25%) Available Balance Debt Service Coverage (min. 1.25) 3.0% Jan. 2017 4,551,353 12,867,000 82,000 39,000 109,000 3.0% Jan. 2018 FY 18-19 FY 19-20 FY 20-21 3,742,272 13,493,000 49,000 40,000 109,000 3.0% Jan. 2019 1,198, 661 14, 246, 000 22,000 41,000 109,000 3.0% Jan. 2020 3.0% Jan. 2021 595,550 2,618,839 14, 869,000 40,000 42,000 286,000 15,199,000 117,000 43,000 286,000 13,097,000 780,000 3,850,000 2,761,000 762,000 3,400,000 2,353,080 13,691,000 780,000 6,000,000 2,854,000 794,000 3,501,000 2,305,611 14,418,000 780,000 4,550,000 2,951,000 828,000 3,605,000 2,307,111 15, 237, 000 15, 645, 000 780,000 2,500,000 3,051,000 863,000 3,712,000 780,000 500,000 3,123,000 892,000 3,800,000 2,307,711 2,305,911 13,906,080 16,234,611 15,021,111 13,213,711 11,400,911 3,742,272 1,198,661 595,550 2,618,839 6,862,928 1,926,000 1,816,272 2.41 1,982,000 2,041,000 (783,339) (1,445,450) 2.86 2.82 2,102,000 516,839 3.07 2,149,000 4,713,928 3.10 TE-CAPIXAL OUTLAY (561) .h. Beginning Balance Revenues Operating Transfers In Interest Earnings Loan Repayment from EUD (City Hall Annex) DBCP Reimbursements Retrofit Meter Install. Charge Debt Proceeds Total Revenues 1,447,432 303,597 3,850,000 6,000,000 15,000 (4,000) 585,024 251,000 252,000 146,621 4,550,000 254,000 81,621 2,500,000 (1,000) 256,000 126,621 500,000 1,000 78,000 4,116, 000 6,833,024 4,804,000 2,755,000 579,000 25% FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 Expenditures Loan to EUD (City Hall Annex) - Water Meter/Main Install. Project 4,296,000 5,634,000 3,967,000 Water Taps 77,000 80,000 82,000 84,000 87,000 Miscellaneous Water Mains 52,000 53,000 55,000 56,000 58,000 GAC & Meter Repl (DBCP) 300,000 300,000 300,000 300,000 Meter Shop Design 50,000 200,000 - - Southwest Gateway Water Tank - - 2,000,000 - Surface Water Treatment Plant PS Generator 300,000 Finance Security Cameras 30,000 - - Info Systems Data Center Lodi Lake Boat Launch - - - - Well 10C 110,488 - - - - Well 1 Well 2 -Replace Motor - - - - Well 3 & 1OR Abandonment 55,348 - - - - Well 6R -Pump Rehab/Repl - - - - Well 5 -Pump Rehab & Electrical Upgrade Well 8 -Pump Rehab, Electrical Upgrade & Chlorination - - - - Well 10 - Pump Rehab - Well 11 - - - - Well 12 -Pump Rehab/Repl - - - - Well 13 -Pump Rehab & Electrical Upgrade - - - - Well 14 -Pump Rehab/Repl - 176,000 Well 15 -Pump Rehab/Repl 186,000 - - Well 16 -Pump Rehab/Electrical Upgrade - - 219,000 - Well 17 -Pump Rehab/Electrical Upgrade - - 202,000 - Well 18 -Pumpb Rehab/Electrical Upgrade Well 19 -Pump Replacement Well 20 -Pump Rehab/Electrical Upgrade - - - - Well 21 - - 225,000 Well 22 155,000 - - Well 23 - 214,000 Well 24 - Pump Rehab & Electrical Upgrade - - - -- Well 25 - - - 232,000 Vehicles/Equipment 134,000 61,000 44,000 45,000 46,000 Total Expenditures 5,259,835 6,990,000 4,869,000 2,710,000 637,000 Ending Balance 303,597 146,621 81,621 126,621 68,621 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 t Beginning Balance Revenues Water Impact Mitigation Fees Interest Earnings Total Revenues Expenditures Transfer to Fund 181 for Well 27 Transfer to Operations Fund 180 for Debt Service Total Expenditures Ending Balance Owed Fund 180 for Debt Service 330,561 337,561 109,000 7,000 109,000 7,000 344,561 109,000 9,000 353,561 362,561 286,000 9,000 286,000 9,000 116,000 109,000 116,000 109,000 118,000 109,000 295,000 286,000 295,000 286,000 109,000 109,000 109,000 286,000 286,000 337,561 344,561 353,561 362,561 371,561 6,587,000 7,382,000 8,158,000 8,737,000 9,295,000 Aggregate End -of -Year Balance * Operating Reserve (25%) Restricted DS Reserve 2010 COP Proceeds Rate Stabilization Fund Net Available for Capital Projects 5,913,000 1,926,000 1,530,000 2,457,000 3,220,000 1,982,000 1,530,000 2,561,000 2,041,000 1,530,000 (292,000) (1,010,000) 4,638,000 2,102,000 1,530,000 1,006,000 8,833,000 2,149,000 1,530,000 5,154,000 City of Lodi -- Water Utility Financial Plan Assumptions Financial Assumptions General Inflation Labor Inflation Material/Energy Inflation Construction Inflation Interest Earnings Customer Account Assumptions No. of DUs/Accounts No. of 3/4" Eq. Mtrs. No. of New Connections Customer Growth Rate Water Mitigation Impact Fee Residential $ Non -Residential 3.0% 3.0% 3.0% 3.0% 3.0% 3.4% 3.4% 3.4% 3.4% 3.4% 4.5% 4.5% 4.5% 4.5% 4.5% 3.0% 3.0% 3.0% 3.0% 3.0% 2.0% 2.0% 2.5% 2.5% 2.5% 23,656 23,706 23,756 23,806 23,856 25,704 25,754 25,804 25,854 25,904 50 50 50 50 50 0.19% 0.19% 0.19% 0.19% 0.19% $ 5,710 $ 5,710 1,263 $ 1,263 $ 1,263 3,103 3,103 3,103 City of Lodi -- Water Utility Financial Plan Summary FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 Beginning Balance Revenues Water Sales Interest Earnings Other Revenues Transfer from Fund 182 for Debt Service Total Revenues Expenditures Transfer Out to General Fund (Cost of Services) Transfer Out to Capital Fund 181 for projects To Capital Fund 181 (Depreciation) Personnel Services Utilities Supplies, Mat'Is., Services & Other Debt Service Net 2010 Rev. Bond Payments Total Expenditures Ending Balance Operating Reserve (25%) Available Balance Debt Service Coverage (min. 1.25) 2.0% Jan. 2017 3.0% Jan. 2018 4,551,353 3,750,803 12,809,000 98,530 39,000 109,000 13,055,530 780,000 3,800,000 2,761,000 762,000 3,400,000 13,362,000 46,000 40,000 109,000 13,557,000 780,000 6,150, 000 2,854,000 794,000 3,501,000 2,353,080 2,305,611 13,856,080 16,384,611 3.0% Jan. 2019 923,192 14,108, 000 13,000 41,000 109,000 14,271,000 780,000 4,600,000 2,951,000 828,000 3,605,000 3.0% Jan. 2020 123,081 14,724,000 26,000 42,000 286,000 15,078,000 780,000 2,500,000 3,051,000 863,000 3,712,000 2,307,111 2,307,711 15,071,111 13,213,711 3.0% Jan. 2021 1,987,370 15,051,000 99,000 43,000 286,000 15,479,000 780,000 500,000 3,123,000 892,000 3,800,000 2,305,911 11,400,911 3,750,803 923,192 123,081 1,987,370 6,065,459 1,926,000 1,824,803 2.39 1,982,000 2,041,000 (1,058,808) (1,917,919) 2.80 2.76 2,102,000 (114,630) 3.01 2,149,000 3,916,459 3.02 Beginning Balance Revenues Operating Transfers In Interest Earnings Loan Repayment from EUD (City Hall Annex) DBCP Reimbursements Retrofit Meter Install. Charge Debt Proceeds Total Revenues 1,447,432 252,597 246,620 3,800,000 14,000 6,150,000 4,600,000 (3,000) 3,000 585,024 - 251,000 252,000 254,000 234,620 2,500,000 3,000 256,000 283,620 500,000 5,000 78,000 4,065,000 6,984,024 4,857,000 2,759,000 583,000 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 Expenditures Water Meter/Main Install. Project 4,296,000 5,634,000 3,967,000 Water Taps 77,000 80,000 82,000 84,000 87,000 Miscellaneous Water Mains 52,000 53,000 55,000 56,000 58,000 GAC & Meter Repl (DBCP) 300,000 300,000 300,000 300,000 - Meter Shop Design 50,000 200,000 Southwest Gateway Water Tank - - 2,000,000 Surface Water Treatment Plant PS Generator 300,000 Finance Security Cameras 30,000 Well 10C 110,488 Well 3 & 10R Abandonment 55,348 Well 14 -Pump Rehab/Rept 176,000 Well 15 -Pump Rehab/Rept 186,000 Well 16 -Pump Rehab/Electrical Upgrade - 219,000 Well 17 -Pump Rehab/Electrical Upgrade 202,000 Well 21 - - 225,000 Well 22 155,000 - - Well 23 - - 214,000 Well 25 - - 232,000 Vehicles/Equipment 134,000 61,000 44,000 45,000 46,000 Total Expenditures 5,259,835 6,990,000 4,869,000 2,710,000 637,000 Ending Balance 252,597 246,620 234,620 283,620 229,620 MFWATERFACT '' ,IES (562 Beginning Balance 214,179 218,179 222,179 228,179 234,179 Revenues Water Impact Mitigation Fees 109,000 109,000 109,000 286,000 286,000 Interest Earnings 4,000 4,000 6,000 6,000 6,000 Total Revenues 113,000 113,000 115,000 292,000 292,000 Expenditures Transfer to Fund 181 for Well 27 - Transfer to Operations Fund 180 for Debt Service 109,000 109,000 109,000 286,000 286,000 Total Expenditures 109,000 109,000 109,000 286,000 286,000 Ending Balance 218,179 222,179 228,179 234,179 240,179 Owed Fund 180 for Debt Service 6,587,000 7,382,000 8,158,000 8,737,000 9,295,000 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 Aggregate End -of -Year Balance * Operating Reserve (25%) Restricted DS Reserve 2010 COP Proceeds Rate Stabilization Fund Net Available for Capital Projects 5,752,000 2,922,000 2,116,000 4,035,000 8,065,000 1,926,000 1,982,000 2,041,000 2,102,000 2,149,000 1,530,000 1,530,000 1,530,000 1,530,000 1,530,000 2,296,000 (590,000) (1,455,000) 403,000 4,386,000 City of Lodi -- Water Utility Financial Plan Assumptions Financial Assumptions General Inflation Labor Inflation Material/Energy Inflation Construction Inflation Interest Earnings Customer Account Assumptions 3.0% 3.0% 3.0% 3.0% 3.0% 3.4% 3.4% 3.4% 3.4% 3.4% 4.5% 4.5% 4.5% 4.5% 4.5% 2.0% 3.0% 3.0% 3.0% 3.0% 2.0% 2.0% 2.5% 2.5% 2.5% No. of DUs/Accounts 23,656 23,706 23,756 23,806 23,856 No. of 3/4" Eq. Mtrs. 25,704 25,754 25,804 25,854 25,904 No. of New Connections 50 50 50 50 50 Customer Growth Rate 0.19% 0.19% 0.19% 0.19% 0.19% Water Mitigation Impact Fee $ 5,710 $ 5,710 Residential $ 1,263 $ 1,263 $ 1,263 Non -Residential 3,103 3,103 3,103 City of Lodi -- Water Utility Financial Plan Summary FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 Beginning Balance Revenues Water Sales Interest Earnings Other Revenues Transfer from Fund 182 for Debt Service Total Revenues Expenditures Transfer Out to General Fund (Cost of Services) Transfer Out to Capital Fund 181 for projects To Capital Fund 181 (Depreciation) Personnel Services Utilities Supplies, Mat'ls., Services & Other Debt Service Net 2010 Rev. Bond Payments Total Expenditures Ending Balance Operating Reserve (25%) Available Balance Debt Service Coverage (min. 1.25) 2.0% Jan. 2017 4,551,353 12,809,000 98,530 39,000 109,000 13,055,530 780,000 2,800,000 2.0% Jan. 2018 2,761,000 762,000 3,400,000 2,353,080 12,856,080 4,750,803 13,301,000 94,000 40,000 109,000 13, 544, 000 780,000 3,300,000 3.0% Jan. 2019 2,854,000 794,000 3,501,000 2,305,611 13,534,611 4,760,192 13,969,000 96,000 41,000 109,000 14, 215, 000 3.0% Jan. 2020 780,000 5,500,000 2,951,000 828,000 3,605,000 2,307,111 15,971,111 3.0% Jan. 2021 3,004,081 2,871,370 14,580,000 73,000 42,000 286,000 14,981,000 780,000 4,400,000 3,051,000 863,000 3,712,000 14,904,000 118,000 43,000 286,000 15,351,000 780,000 600,000 3,123, 000 892,000 3,800,000 2,307,711 2,305,911 15,113,711 11,500,911 4,750,803 4,760,192 3,004,081 2,871,370 6,721,459 1,926,000 2,824,803 2.39 1,982,000 2,778,192 2.80 2,041,000 963,081 2.74 2,102,000 769,370 2.96 2,149,000 4,572,459 2.97 • L OU Beginning Balance Revenues Operating Transfers In Interest Earnings Loan Repayment from EUD (City Hall Annex) DBCP Reimbursements Retrofit Meter Install. Charge Debt Proceeds Total Revenues 1,447,432 2,800,000 14,000 251,000 252,597 3,300,000 (3,000) 585,024 252,000 246,620 5,500,000 3,000 254,000 271,620 4,400,000 3,000 256,000 199,620 600,000 5,000 78,000 3,065,000 4,134,024 5,757,000 4,659,000 683,000 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 Expenditures Water Meter/Main Install. Project 3,296,000 2,790,000 4,838,000 2,023,000 Water Taps 77,000 79,000 81,000 84,000 86,000 Miscellaneous Water Mains 52,000 53,000 54,000 56,000 57,000 GAC & Meter Repl (DBCP) 300,000 300,000 300,000 300,000 Meter Shop Design 50,000 200,000 - - - Southwest Gateway Water Tank - - - 2,000,000 - Surface Water Treatment Plant PS Generator - 300,000 - - - Finance Security Cameras 30,000 - - Well 10C 110,488 - - Well 3 & 10R Abandonment 55,348 Well 14 -Pump Rehab/Rept - 174,000 Well 15 -Pump Rehab/Rept - 184,000 - Well 16 -Pump Rehab/Electrical Upgrade - - 216,000 Well 17 -Pump Rehab/Electrical Upgrade - - 200,000 - Well 21 - - 223,000 Well 22 155,000 Well 23 - - - - 212,000 Well 25 - - - - 230,000 Vehicles/Equipment 134,000 60,000 43,000 45,000 46,000 Total Expenditures 4,259,835 4,140,000 5,732,000 4,731,000 631,000 Ending Balance 252,597 246,620 271,620 199,620 251,620 C L S 62 Beginning Balance 214,179 218,179 222,179 228,179 234,179 Revenues Water Impact Mitigation Fees 109,000 109,000 109,000 286,000 286,000 Interest Earnings 4,000 4,000 6,000 6,000 6,000 Total Revenues 113,000 113,000 115,000 292,000 292,000 Expenditures Transfer to Fund 181 for Well 27 - - - - Transfer to Operations Fund 180 for Debt Service 109,000 109,000 109,000 286,000 286,000 Total Expenditures 109,000 109,000 109,000 286,000 286,000 Ending Balance 218,179 222,179 228,179 234,179 240,179 Owed Fund 180 for Debt Service 6,587,000 7,382,000 8,158,000 8,737,000 9,295,000 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 Aggregate End -of -Year Balance * Operating Reserve (25%) Restricted DS Reserve 2010 COP Proceeds Rate Stabilization Fund Net Available for Capital Projects 6,752,000 6,759,000 5,034,000 4,835,000 8,743,000 1,926,000 1,982,000 2,041,000 2,102,000 2,149,000 1,530,000 1,530,000 1,530,000 1,530,000 1,530,000 3,296,000 3,247,000 1,463,000 1,203,000 5,064,000 City of Lodi -- Water Utility Financial Plan Assumptions Financial Assumptions General Inflation 3.0% 3.0% 3.0% 3.0% 3.0% Labor Inflation 3.4% 3.4% 3.4% 3.4% 3.4% Material/Energy Inflation 4.5% 4.5% 4.5% 4.5% 4.5% Construction Inflation 2.0% 2.0% 3.0% 3.0% 3.0% Interest Earnings 2.0% 2.0% 2.5% 2.5% 2.5% Customer Account Assumptions No. of DUs/Accounts 23,656 23,706 23,756 23,806 23,856 No. of 3/4" Eq. Mtrs. 25,704 25,754 25,804 25,854 25,904 No. of New Connections 50 50 50 50 50 Customer Growth Rate 0.19% 0.19% 0.19% 0.19% 0.19% Water Mitigation Impact Fee $ 5,710 $ 5,710 Residential $ 1,263 $ 1,263 $ 1,263 Non -Residential 3,103 3,103 3,103 Please immediately confirm receipt of' this fax by calling 333-6702 CITY OF LODI P. O. BOX 3006 LODI, CALIFORNIA 95241-1910 ADVERTISING INSTRUCTIONS SUBJECT: PUBLIC HEARING TO CONSIDER ADOPTING RESOLUTION SETTING PRE -APPROVED ENGINEERING NEWS RECORD ADJUSTMENT INDEX FOR USAGE -BASED AND FLAT WATER RATES FOR RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL CUSTOMERS PUBLISH DATE: SATURDAY, FEBRUARY 4, 2017 LEGAL AD TEAR SHEETS WANTED: One (1) please SEND AFFIDAVIT AND BILL TO: LNS ACCT. #0510052 JENNIFER M. FERRAIOLO, CITY CLERK City of Lodi P.O. Box 3006 Lodi, CA 95241-1910 DATED: THURSDAY, FEBRUARY 2, 2017 ORDERED BY: JENNIFER M. FERRAIOLO CITY CLERK & PAMELA M. FARRIS DEPUTY CITY CLERK ELIZABETH BURGOS ADMINISTRATIVE CLERK Verify Appearance of this Legal in the Newspaper — Copy to File Emailed to the Sentinel at dianer@lodinews.com at �a ''lime) on (date) (pages) LNS Phoned to confirm receipt of all pages at (time) EB PMF (Initials) forms\advins.doc DECLARATION OF POSTING PUBLIC HEARING TO CONSIDER ADOPTING RESOLUTION SETTING PRE -APPROVED ENGINEERING NEWS RECORD ADJUSTMENT INDEX FOR USAGE -BASED AND FLAT WATER RATES FOR RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL CUSTOMERS On Thursday, February 2, 2017, in the City of Lodi, San Joaquin County, California, a Notice of Public Hearing to consider adopting resolution setting pre -approved Engineering News Record adjustment index for usage -based and flat water rates for residential, commercial, and industrial customers (attached and marked as Exhibit A) was posted at the following locations: Lodi City Clerk's Office Lodi City Hall Lobby Lodi Carnegie Forum Worknet Office I declare under penalty of perjury that the foregoing is true and correct. Executed on February 2, 2017, at Lodi, California. �7 I �•t� T./M.ro PAMELA M. FARRIS DEPUTY CITY CLERK ORDERED BY: JENNIFER M. FERRAIOLO CITY CLERK ELIZABETH BURGOS ADMINISTRATIVE CLERK N:\Administration\CLERK\Public Hearings \AFFADAVITS\DECPOSTPW2.doc 1 CITY OF LODI Carnegie Forum 305 West Pine Street, Lodi NOTICE OF PUBLIC HEARING Date: February 15, 2017 Time: 7:00 p.m. r For information regarding this notice please contact: Jennifer M. Ferraiolo City Clerk Telephone: (209) 333-6702 _______ _ _ ., DGI%BFLAI ____ L NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that on Wednesday, February 15, 2017, at the hour of 7:00 p.m., or as soon thereafter as the matter may be heard, the City Council will conduct a public hearing at the Carnegie Forum, 305 West Pine Street, Lodi, to consider the following matter: a) Adoption of resolution setting pre -approved Engineering News Record adjustment index for usage -based and flat water rates for residential, commercial, and industrial customers (alternatives are identified on the attached Exhibits A and B). Information regarding this item may be obtained in the Public Works Department, 221 West Pine Street, Lodi, (209) 333-6706. All interested persons are invited to present their views and comments on this matter. Written statements may be filed with the City Clerk, City Hall, 221 W. Pine Street, 2nd Floor, Lodi, 95240, at any time prior to the hearing scheduled herein, and oral statements may be made at said hearing. If you challenge the subject matter 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 Clerk at, or prior to, the public hearing. By Order of the Lodi City Council: •I l Hyl, nifer Ml erraiolo ity Clerk Dated: February 1, 2017 Approved as to form: Janice 0.. Magdich City Attorney AVISO: Para obtener ayuda interpretative con esta noticia, por favor (lame a la oficina de la Secretaria Municipal, a las (209) 333-6702. J:CLERK\PUBLICHEARING\NOTICES\PH NOTICE publication WaterRates.doc 2/2/17 FLAT RATES Single Family Residential 1 Bedroom $ 31.88 $ 32.84 2 Bedroom $ 38.29 $ 39.44 3 Bedroom $ 45.89 $ 47.27 4 Bedroom $ 55.14 $ 56.79 5 Bedroom $ 66.13 $ 68.11 6 Bedroom $ 79.37 $ 81.75 7 Bedroom $ 95.17 $ 98.03 Multi -Family (1) 1 Bedroom $ 27.37 $ 28.19 2 Bedroom $ 32.83 $ 33.81 3 Bedroom $ 39.40 $ 40.58 Mobile Homes Any Size $ 27.37 $ 28.19 Non -Residential Existing unmetered Varies +3.0% Potential Potential (Jan. 2018) (Jan. 2019) Exhibit A City of Lodi Current and Proposed Flat Water Rates Current Proposed (Jan. 2016) (Jan. 2017) Rate Increase --> 3.0% Notes: Future Rate Ceiling (2) 3.0% 3.0% $ 33.83 $ 34.84 $ 40.62 $ 41.84 $ 48.69 $ 50.15 $ 58.49 $ 60.24 $ 70.15 $ 72.25 $ 84.20 $ 86.73 $ 100.97 $ 104.00 $ 29.04 $ 29.91 $ 34.82 $ 35.86 $ 41.80 $ 43.05 $ 29.04 $ 29.91 +3.0% +3.0% (1) Multi -family includes duplexes, triplexes, fourplexes, apartments, and condominiums. (2) These are the maximum rates for each year, without a formal rate -setting process. Actual water rate adjustments may be lower and would be tied to annual changes in the ENR index City of Lodi Current and Proposed Usage -Based Water Rates Current Proposed (Jan. 2016) (Jan. 2017) Rate Increase --> 3.0% USAGE -BASED RATES Monthly Service Charge Single Family Up to 3/4" meter 1" meter 1 1/2" meter 2" meter $ 21.23 $ 33.34 $ 63.35 $ 99.53 Multi -Family and Non -Residential (1) Up to 3/4" meter $ 21.23 1" meter $ 33.34 1 1/2" meter $ 63.35 $ 99.53 $ 183.98 $ 304.59 $ 605.85 $ 967.52 2" meter 3" meter $ 189.50 4" meter $ 313.73 6" meter $ 624.03 8" meter $ 996.55 10" meter $ 1,389.57 $ 1,431.26 Usage Rates ($/CCF) Single Family Tier 1 (0-10 CCF) $ 0.94 $ 0.97 Tier 2 (11-50 CCF $ 1.25 $ 1.29 Tier 3 (>50 CCF) $ 1.55 $ 1.60 Multi -Family and Non -Residential (1) All water usage $ 1.12 $ 1.15 21.87 34.34 65.25 102.52 21.87 34.34 65.25 102.52 Future Rate Ceiling (2) Potential Potential (Jan. 2018) (Jan. 2019) 3.0% 3.0% $ 22.53 $ 35.37 $ 67.21 $ 105.60 $ 22.53 $ 35.37 $ 67.21 $ 105.60 $ 195.19 $ 323.14 $ 642.75 $ 1,026.45 $ 1,474.20 1.00 1.33 1.65 $ 23.21 $ 36.43 $ 69.23 $ 108.77 $ 23.21 $ 36.43 $ 69.23 $ 108.77 $ 201.05 $ 332.83 $ 662.03 $ 1,057.24 $ 1,518.43 1.03 1.37 1.70 $ 1.18 $ 1.22 Notes: (1) Multi -family includes duplexes, triplexes, fourplexes, apartments, condominiums, and mobile home parks. (2) These are the maximum rates for each year, without a formal rate -setting process. Actual water rate adjustments may be lower and would be tied to annual changes in the ENR index Exhibit B City of Lodi Current and Proposed Flat Water Rates Current Proposed (Jan. 2016) (March 2017) Rate Increase --> 2.0% FLAT RATES Single Family Residential 1 Bedroom $ 31.88 $ 32.52 2 Bedroom $ 38.29 $ 39.06 3 Bedroom $ 45.89 $ 46.81 4 Bedroom $ 55.14 $ 56.24 5 Bedroom $ 66.13 $ 67.45 6 Bedroom $ 79.37 $ 80.96 7 Bedroom $ 95.17 $ 97.07 Multi -Family (1) 1 Bedroom $ 27.37 $ 27.92 2 Bedroom $ 32.83 $ 33.49 3 Bedroom $ 39.40 $ 40.19 Mobile Homes Any Size $ 27.37 $ 27.92 Non -Residential Existing unmetered Varies +3.0% Notes: Future Rate Ceiling (2) Potential Potential (Jan. 2018) (Jan. 2019) 3.0% 3.0% 33.50 $ 34.51 40.23 $ 41.44 48.21 $ 49.66 57.93 $ 59.67 69.47 $ 71.55 83.39 $ 85.89 99.98 $ 102.98 28.76 $ 29.62 34.49 $ 35.52 41.40 $ 42.64 $ 28.76 $ 29.62 +3.0% +3.0% (1) Multi -family includes duplexes, triplexes, fourplexes, apartments, and condominiums. (2) These are the maximum rates for each year, without a formal rate -setting process. Actual water rate adjustments may be lower and would be tied to annual changes in the ENR index City of Lodi Current and Proposed Usage -Based Water Rates Current Proposed (Jan. 2016) (March 2017) Rate Increase --> 2.0% USAGE -BASED RATES Monthly Service Charge Single Family Up to 3/4" meter $ 21.23 $ 21.65 1" meter $ 33.34 $ 34.01 1 1/2" meter $ 63.35 $ 64.62 2" meter $ 99.53 $ 101.52 Multi -Family and Non -Residential (1) Up to 3/4" meter $ 21.23 $ 21.65 1" meter $ 33.34 $ 34.01 1 1/2" meter $ 63.35 $ 64.62 2" meter $ 99.53 $ 101.52 3" meter $ 183.98 $ 187.66 4" meter $ 304.59 $ 310.68 6" meter $ 605.85 $ 617.97 8" meter $ 967.52 $ 986.87 10" meter $1,389.57 $ 1,417.36 Usage Rates ($/CCF) Single Family Tier 1 (0-10 CCF) $ 0.94 $ 0.96 Tier 2 (11-50 CCF $ 1.25 $ 1.28 Tier 3 (>50 CCF) $ 1.55 $ 1.58 Multi -Family and Non -Residential (1) All water usage $ 1.12 $ 1.14 Future Rate Ceiling (2) Potential Potential (Jan. 2018) (Jan_ 2019) 3.0% 3.0% $ 22.30 $ 22.97 $ 35.03 $ 36.08 $ 66.56 $ 68.56 $ 104.57 $ 107.71 $ 22.30 $ 22.97 $ 35.03 $ 36.08 $ 66.56 $ 68.56 $ 104.57 $ 107.71 $ 193.29 $ 199.09 $ 320.00 $ 329.60 $ 636.51 $ 655.61 $1,016.48 $1,046.97 $1,459.88 $1,503.68 $ 0.99 $ 1.02 $ 1.32 $ 1.36 $ 1.63 $ 1.68 $ 1.17 $ 1.21 Notes: (1) Multi -family includes duplexes, triplexes, fourplexes, apartments, condominiums, and mobile home parks. (2) These are the maximum rates for each year, without a formal rate -setting process. Actual water rate adjustments may be lower and would be tied to annual changes in the ENR index