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Sewer Capital Improvement Needs
<br />Forecasted system costs will increase by
<br />6.3% per year over the next 5 years
<br />Major Projects between 2023 and 2028
<br />Operating ExpensesDebt ServiceCapital Expenditures
<br />CY 2023CY 2024CY 2025CY 2026CY 2027CY 2028
<br />Sewer Capital Projects
<br />$41.22
<br />CSO-052 Storage Tanks2,381,410$ 2,000,000$ 300,000$ 25,000,000$ -$ -$
<br />$38.76
<br />$38.42
<br />CSO-059 Storage Tanks - 125,000 150,000 250,000 250,000 250,000
<br />Outfall Repairs Construction (Clifff Dr) - - - 4,000,000 - -
<br />2022 Watermain2,000,000 1,000,000 - - - -
<br />$33.61
<br />$14.21$8.61
<br />2024 Watermain Design, Construction & Admin111,593 2,437,500 - - - -
<br />$10.87
<br />$30.13
<br />2025 Watermain- 362,768 4,662,233 - - -
<br />$8.05
<br />Bunts - Pavement, WM, IWWIP, streetscape, streetlighting, shared - - - 6,000,000 - -
<br />
<br />$5.39
<br />2027 Watermain- - - 500,000 5,000,000 -
<br />$8.00
<br />2028 Watermain- - - - 500,000 5,000,000
<br />$6.73
<br />$6.50
<br />$5.66
<br />Lakewood Interceptor Tunnel Rehabilitation17,233,171 - - - - -
<br />$5.45
<br />WWTP - Solids storage improvements, tank and concrete repairs- 1,950,000 - - - -
<br />
<br />Other Miscellaneous Projects2,205,348 3,169,000 2,850,500 1,690,000 3,968,999 3,869,000
<br />$ 11,044,26823,931,522$ 7,962,733$ 37,440,000$ 9,718,999$ 9,119,000$
<br />$21.82
<br />$21.16
<br />$20.52
<br />$19.90
<br />$19.29
<br />¤Watermain projects partially funded by sewer for lining and IWWIP
<br />¤Other projects include emergency sewer repairs, large sewer main cleaning, IWWIP
<br />and overflow monitoring, plus additional collection system R&R
<br />20242025202620272028
<br />910
<br />Water System Cashflow
<br />The recommended rate scenario maintains
<br />the original IWWIP path
<br />¤Purchased water costs are big driver
<br />¤Annual water and sewer rate increases to cover inflationary
<br />¤Using cash reserves to support watermain replacement projects
<br />pressure and capital project needs
<br />¤Continue 4% annual rate increases
<br />¤Impervious charge increases to promote rate equity and
<br />Water Cashflow20242025202620272028
<br />Total Revenue$13,502,809$13,964,038$14,441,339$14,937,116$15,450,099
<br />stabilize sewer revenue
<br />Operating Expenses-$10,439,095-$10,759,382-$11,089,598-$11,430,054-$11,781,074
<br />Rate Increase20242025202620272028
<br />Debt Service -$2,054,473-$2,161,878-$2,539,469-$2,648,384-$2,919,427
<br />Water4%4%4%4%4%
<br />Capital and Other
<br />Expenditures-$1,114,023-$1,421,323-$3,639,623-$3,510,123-$2,905,690
<br />Sewer4%4%4%4%4%
<br />Net System Cashflow-$104,783-$378,544-$2,827,351-$2,651,445-$2,156,092
<br />Impervious Fee$3.00$4.00$5.00$5.00$5.00
<br />Negative cashflows indicate
<br />drawing down reserves that
<br />supports capital projects
<br />1112
<br />
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