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<br />BARTLE WELLS ASSOCIATES 10 | Pag e
<br /> City of San Leandro Draft 2024 Wastewater Rate Study
<br />Detailed, long-term, cash-flow projections for this scenario are shown in the following table.
<br />
<br />Table 2 – Detailed Cash Flow Projections
<br />
<br />Operating Fund FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 FY 2028/29 FY 2029/30
<br />Budgeted Projected Projected Projected Projected Projected
<br />Revenue Escalation
<br />Rate Revenue Increase 8.0% 9.0% 9.0% 9.0% 9.0%
<br />Revenues
<br />Sewer Rate Revenue
<br />Total Sewer Rate Revenue $18,640,428 $20,227,293 $22,152,822 $24,262,021 $26,572,445 $29,103,328
<br />Non-Rate Revenue
<br />Connection Fees 273,000 273,000 273,000 273,000 273,000 273,000
<br />Interest Income (2%)446,331 627,992 538,032 369,221 355,855 340,797
<br />Sampling Service Charges 224,822 224,822 224,822 224,822 224,822 224,822
<br />Pretreatment Lab/Permit Fees 389,000 396,780 404,716 412,810 421,066 429,487
<br />Reimbursements 338,602 365,690 378,489 391,736 405,447 419,637
<br />Other Revenues 59,554 7,990 7,990 7,990 7,990 7,990
<br />Loan Disbursement 3,372,000 - - - - -
<br />Grants - 6,700,000 - - - -
<br />Total Revenues 23,743,735 28,823,566 23,979,870 25,941,599 28,260,624 30,799,062
<br />Expenses
<br />Operating Expenses
<br />General Inflation 8.00% 3.50% 3.50% 3.50% 3.50%
<br />Collections 1,619,907 1,749,499 1,810,732 1,874,108 1,939,701 2,007,591
<br />Operations 10,486,961 11,325,918 11,722,325 12,132,607 12,557,248 12,996,752
<br />Pretreatment 548,520 592,402 613,136 634,596 656,806 679,795
<br />Lift Stations 132,300 142,884 147,885 153,061 158,418 163,963
<br />Total Operating Expenses 12,787,688 13,810,703 14,294,078 14,794,371 15,312,174 15,848,100
<br />Non-Operating Expenses
<br />Debt Service 3,572,169 3,572,169 3,572,169 3,572,169 3,572,169 3,572,169
<br />CIP 10,425,200 15,938,690 14,554,198 8,243,317 10,129,186 6,094,018
<br />Total Non-Operating Expenses 13,997,369 19,510,859 18,126,368 11,815,487 13,701,355 9,666,188
<br />Total Expenses 26,785,058 33,321,562 32,420,446 26,609,858 29,013,529 25,514,288
<br />Net Revenues (3,041,322) (4,497,996) (8,440,576) (668,259) (752,904) 5,284,774
<br />Reserves
<br />Total Beginning Balance 34,440,923 31,399,601 26,901,605 18,461,029 17,792,770 17,039,866
<br />Nutrient Optimization Balance - - 2,000,000 4,000,000 6,000,000 8,000,000
<br />Other Cash and Investments 34,440,923 31,399,601 24,901,605 14,461,029 11,792,770 9,039,866
<br />Total Ending Reserve Balance 31,399,601 26,901,605 18,461,029 17,792,770 17,039,866 22,324,640
<br />Nutrient Optimization Balance - 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000
<br />Other Cash and Investments 31,399,601 24,901,605 14,461,029 11,792,770 9,039,866 12,324,640
<br />Reserve Target (1 Yr O&M)12,787,688 13,810,703 14,294,078 14,794,371 15,312,174 15,848,100
<br />Target Met?Yes Yes Yes Yes Yes Yes
<br />Debt Coverage Ratio (Min. 1.30)1.90 2.11 2.49 2.89 3.39 3.95
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