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<br />•WPCP plant rehabilitation project $50,000,000
<br />•Funding from State Revolving Loan fund and fund balance for project costs
<br />•Debt service begins 2015-16
<br />•In accordance with Prop 218 procedures City Council approved rate increases
<br />of up to 5% per year through 2014-15; 4% for 2013-14 and 3% for 2014-15
<br />
<br />Water Pollution Control Plant Fund
<br />5-Year Forecast
<br />Water Pollution 2011-12 2012-13 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19
<br />Control Fund 593 Actual Adopted Estimated Projected Projected Projected Projected Projected Projected
<br />Beginning Fund Balance 17,289,935 8,286,836 13,181,631 12,427,180 16,012,090 18,993,048 16,125,754 14,871,753 13,766,073
<br />Revenue
<br />Sewer Service Charges 10,547,812 10,900,000 10,944,153 11,200,000 11,521,000 12,036,113 12,399,996 12,781,826 13,165,281
<br />Other Revenues 641,550 840,000 734,340 430,000 430,000 385,000 385,000 385,000 385,000
<br />SWRCB Loan 6,698,278 - 36,301,722 - - - - - -
<br />General Fund Loan Repayment - 448,000 448,000 457,200 518,500 538,000 561,450 583,850 610,200
<br />Interest Income 131,709 151,500 151,500 151,500 151,500 151,500 151,500 151,500 151,500
<br /> Total Revenues 18,019,349 12,339,500 48,579,715 12,238,700 12,621,000 13,110,613 13,497,946 13,902,176 14,311,981
<br />Expenditures
<br />Personnel 3,669,067 4,166,939 4,166,939 4,021,714 4,159,581 4,332,789 4,373,049 4,565,266 4,730,026
<br />Non-Personnel/Transfers *4,308,827 4,810,578 12,625,273 4,463,976 5,241,861 5,306,518 5,359,298 5,422,990 5,484,492
<br />Debt Service - - - - - 4,200,000 2,881,000 2,881,000 2,881,000
<br />Capital 14,149,759 198,000 32,541,954 168,100 238,600 2,138,600 2,138,600 2,138,600 2,138,600
<br /> Total Expenditures 22,127,653 9,175,517 49,334,166 8,653,790 9,640,042 15,977,907 14,751,947 15,007,856 15,234,118
<br />Annual Surplus/(Shortfall)(4,108,304) 3,163,983 (754,451) 3,584,910 2,980,958 (2,867,294) (1,254,001) (1,105,680) (922,137)
<br />Ending Fund Balance 13,181,631 11,450,819 12,427,180 16,012,090 18,993,048 16,125,754 14,871,753 13,766,073 12,843,936
<br />Debt Service Reserve - - - - - - - - -
<br />Ending Fund Balance (adjusted)13,181,631 11,450,819 12,427,180 16,012,090 18,993,048 16,125,754 14,871,753 13,766,073 12,843,936
<br />* 2012-13 Estimated Non-Personnel/Transfers includes Plant Expansion Capital Improvement Project costs and General Fund loan of $6,000,000.
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