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WPCP plant rehabilitation project $55,000,000
<br />Funding from State Revolving Loan fund and fund balance for project costs
<br />Project planned completion August 2015
<br />Debt service scheduled to begin 2016-17 for 20 year term
<br />Reclaimed water and nutrient removal projects expected in next budget cycle
<br />In accordance with Prop 218 procedures City Council approved rate increases of up
<br />to 5% per year through 2014-15; actual increases <5% for FY 2013, 2014, 2015
<br />
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<br />Water Pollution 2012-13 2013-14 2014-15 2014-15 2015-16 2016-17 2017-18 2018-19
<br />Control Fund 593 Actual Actual Adopted Projected Projected Projected Projected Projected
<br />Beginning Fund Balance 16,416,167 20,566,317 16,012,090 25,609,781 20,637,571 23,914,286 22,207,699 20,378,539
<br />Revenue
<br />Sewer Service Charges 11,188,334 11,524,382 11,521,000 11,460,122 11,690,000 12,070,000 12,190,700 12,312,607
<br />Other Revenues 653,835 883,605 518,910 1,169,089 735,000 770,000 777,700 785,477
<br />SWRCB Loan 14,637,777 14,686,846 5,958,685 5,958,685 - - - -
<br />General Fund Loan Repayment 602,773 602,772 682,000 612,019 602,773 602,773 618,317 634,302
<br />Interest Income 29,526 81,500 151,500 64,500 76,500 76,500 77,265 78,038
<br /> Total Revenues 27,112,245 27,779,105 18,832,095 19,264,415 13,104,273 13,519,273 13,663,982 13,810,424
<br />Expenditures
<br />Personnel 3,836,449 3,916,145 4,499,877 4,699,877 4,590,178 4,785,840 4,980,431 5,184,906
<br />Non-Personnel/Transfers *3,479,889 3,942,594 5,245,323 4,241,108 5,048,380 4,528,380 4,599,181 4,671,169
<br />Debt Service - - - - - 2,861,320 2,861,320 2,861,320
<br />Capital 15,645,757 14,876,902 6,207,285 15,295,640 189,000 189,000 190,890 192,799
<br /> Total Expenditures 22,962,095 22,735,641 15,952,485 24,236,625 9,827,558 12,364,540 12,631,823 12,910,193
<br />Annual Surplus/(Shortfall)4,150,150 5,043,464 2,879,610 (4,972,210) 3,276,715 1,154,733 1,032,160 900,231
<br />Ending Fund Balance 20,566,317 25,609,781 18,891,700 20,637,571 23,914,286 25,069,019 23,239,859 21,278,770
<br />Debt Service Reserve - - - - - (2,861,320) (2,861,320) (2,861,320)
<br />Ending Fund Balance (adjusted)20,566,317 25,609,781 18,891,700 20,637,571 23,914,286 22,207,699 20,378,539 18,417,450
<br />* 2014-15 Projected Expenditures includes $5.9m in Plant Expansion Capital Improvements.
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