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HomeMy WebLinkAbout2011-02-16 Council Packet - Work SessionREMINDER: C OUNCIL WORK SESSION FEBRUARY 16, 2011 5:30 P.M. CITY OF KENAI WATER SEWER RATE STUDY KENAI CITY COUNCIL CHAMBERS 21.0 FIDALGO AVENUE KENAI, AK 99611 TECHNICAL MEMORANDUM 'i i 2'i'': €'iHILL City of Kenai Water and Sewer Rate Study PREPARED FOR: PREPARED BY: REVIEWED BY: DATE: Rick Koch /City Manager, City of Kenai Kurt Playstead /CH2M HILL Dave Green /CH2M HILL February 7, 2011 Overview In March 2010, the City of Kenai (the City) commissioned CH2M HILL to update its water and sewer rates. The purpose of the update is to determine if projected operation and maintenance expenses and capital improvement cots will require rate increases in the future. CH2M HILL completed a water and sewer rate study in 2003 in conjunction with the update to the City's Wastewater System Master Plan. This technical memorandum presents a 20 -year financial plan for the water and sewer system. The memorandum begins with an introduction to the financial plan, including the planning assumptions. This is followed by a discussion of projected water and sewer system revenue requirements and revenues. The memorandum ends with a discussion of rate impacts, based on the City's current rate structure. Introduction This technical memorandum presents a financial analysis of the City's water and sewer system. A 20 -year financial plan was developed to analyze the impact on water and sewer rates of implementing the capital improvement plan (CIP), as well as addressing annual operations and maintenance (O&M) requirements. The building blocks of the financial plan are the projections of costs that the City will incur during the 20 -year planning period, fiscal year 2010/11 through fiscal year 2029/30, and the revenues, under existing and proposed rates, which the City expects to generate during the same period. The financial plan is based on a set of overall assumptions related to customer growth, inflation, and other factors, as well as the specific phasing of the City's CIP. The following general assumptions were used in developing the plan: Customer growth will occur at the following annual rates: Residential Growth: 0.35% Commercial Growth: 0.35% Operation and maintenance costs annual escalation factors: Salaries and wages: 2.5% CITY OF KENAI WATER AND SEWER RATE STUDY Operating expenses: 3.0% Interfund transfers: 4.0% Annual operating contingency equal to 30 days of operating expenses Capital costs will increase at an annual rate of 3.0 percent to account for inflation Interest earned on investments: 4.0% The draft financial plan for the water and sewer system, in the form of projected sources and uses of funds for the water and sewer utility fund, is presented in Attachment 1. Each component of the financial plan is discussed in more detail below. Revenue Requirements The costs in the plan that are to be funded from annual revenues are referred to as 'revenue requirements' for rate making purposes. Total requirements are composed of: Operations and maintenance costs Annual capital improvement projects funded directly from rate revenues and reserves Debt service requirements Transfers to the City's general fund and other funds for indirect and direct services provided to the utility (i.e. interfund charges) Currently, the City does not have any outstanding debt related to the water and sewer utility and the financial plan presented herein does not anticipate the issuance of debt during the forecast period. In addition, annual requirements include operating contingencies equal to 30 days of annual O &M costs. However, 100 percent of annual contingencies are assumed to be unspent and roll forward to subsequent year beginning balances. Revenue requirements were projected based on data provided by the City, including adopted budget for FY 2009/10 and a proposed CIP with annual details from FY2010/11 through FY2029/30. The City's actual expenditures for FY 2007/08 and FY 2008/09, and FY2009/10 budget for the water and sewer utility fund are presented in Exhibits 1 and 2. Water Utility Operation and Maintenance Costs Operation and maintenance costs include all costs associated with operating and maintaining the water system, including personnel and materials and services costs. The City of Kenai s water and sewer systems operate as a consolidated enterprise unit but each utility is managed to be self supporting. The City of Kenai provided annual financial statements and budgets for the water and sewer systems to CH2M HILL. Exhibit 1 shows historical O &M costs for the water system for FY2007/08 and FY2008 /09, and budgeted O &M costs for FY2009 10. Because this analysis is being performed on a cash basis, depreciation expenses are not included. Total budgeted O &M costs for FY 2009/10 are 2 CITY OF KENAI WATER AND SEWER RATE STUDY approximately $558,000. Approximately 31 percent of this total is personnel related (salaries and wages and benefits). EXHIBIT 1 Historical and Budgeted O &M Costs, Water Utility City of Kenai Water and Sewer Rate Study Actual Actual Budget Salaries and Benefits FY 2007 -08 FY 2008 -09 FY 2009 -10 Salaries 102,362 112,607 113,376 Overtime 11,056 10,476 8,300 Holiday Pay 0 0 0 Leave 4,095 9,920 5,125 Medicare 1,680 1,910 1,839 Social Security 0 0 0 PERS 41,011 43,188 49,096 Unemployment Insurance 0 0 634 Workers Compensation 5,134 4,551 6,124 Health Life Insurance 19,944 20,017 22,568 Supplemental Retirement 2,739 2,677 2,813 Subtotal Personnel Expenses 188,021 205,346 209,875 Maintenance and Operations Office Supplies 1,263 672 1,200 Operating Repair Supplies 44,676 40,794 52,530 Small Tools/Minor Equipment 4,929 12,504 11,825 Snack Bar Supplies 0 0 0 Computer Software 205 59 1,600 Professional Services 13,468 9,356 14,420 Communications 15,319 15,031 16,500 Travel Transportation 3,169 2,447 5,150 Advertising 1,034 557 300 Printing Binding 1,559 1,484 1,600 Insurance 6,500 6,600 7,200 Utilities 138,284 178,879 153,000 Repair Maintenance 39,680 12,749 48,750 Rentals 3,561 3,706 12,000 Equipment Fund Pmts 0 0 0 Postage 0 0 0 Books 0 0 250 Dues Publications 624 343 500 Contingency 0 0 20,000 Miscellaneous 1,093 370 1,700 Subtotal Operating Expenses 275,364 285,550 348,525 Total Operating Expenses 463,385 490,896 558,400 Source: City of Kenai, 2009/10 Budget Sewer Utility Operation and Maintenance Costs Exhibit 2 shows historical O &M costs for sewer system for FY2007/08 and FY2008 /09, and budgeted O &M costs for FY2009 /10. The operating expenses presented in Exhibit 2 are for the sewer department and the wastewater treatment department. Because this analysis is being performed on a cash basis, depreciation expenses are not included. Total budgeted 3 CITY OF KENAI WATER AND SEWER RATE STUDY O &M costs for FY 2009/10 are approximately $1.1 million. Approximately 47 percent of this total is personnel related (i.e. salaries and wages, benefits). EXHIBIT 2 Historical and Budgeted O &M Costs, Combined Sewer and Wastewater Treatment Departments City of Kenai Water and Sewer Rate Study Actual Actual Budget Salaries and Benefits FY 2007 -08 FY 2008 -09 FY 2009 -10 Salaries 274,036 288,032 295,691 Overtime 9,128 11,342 10,300 Holiday Pay 9,846 10,077 10,456 Leave 20,077 19,825 12,247 Medicare 4,498 4,742 4,766 Social Security 0 0 0 PERS 105,950 108,609 102,950 Unemployment Insurance 0 0 1,643 Workers Compensation 10,603 9,469 12,403 Health Life Insurance 52,731 51,479 58,568 Supplemental Retirement 6,922 6,928 7,313 Subtotal Personnel Expenses 493,791 510,504 516,337 Maintenance and Operations Office Supplies 1,538 1,002 1,900 Operating Repair Supplies 86,618 115,794 110,450 Small Tools/Minor Equipment 7,916 12,260 9,090 Snack Bar Supplies 0 0 0 Computer Software 528 59 2,900 Professional Services 5,447 11,775 14,800 Communications 6,173 6,441 7,300 Travel Transportation 2,850 6,249 8,750 Advertising 954 0 0 Printing Binding 316 0 0 Insurance 12,700 12,600 13,500 Utilities 240,642 323,576 315,253 Repair Maintenance 25,755 27,004 59,000 Rentals 0 150 500 Equipment Fund Pmts 0 0 0 Postage 0 0 0 Books 0 0 1,000 Dues Publications 212 293 520 Contingency 0 0 40,000 Miscellaneous 3,782 3,654 5,930 Subtotal Operating Expenses 395,431 520,858 590,893 Total Operating Expenses 889,222 1,031,362 1,107,230 Source: City of Kenai, 2009/10 Budget As shown in Attachment 1, O &M costs for the water and sewer system (including personnel services, materials and services, and operating contingency) are projected to increase to nearly $3.9million by FY2029/30. 4 CITY OF KENAI WATER AND SEWER RATE STUDY Capital Costs Exhibit 3 summarizes the CIP for the water and sewer system from FY 2009/10 through FY2029/30 in 2010 dollars. Future capital outlay expenditures are based on the CIP as provided by city staff. Approximately $22.3 million (in 2010 dollars) in capital improvements from FY 2010/11 through FY2029/30 have been estimated. The projects are necessary to maintain the current level of service provided by existing facilities, replace existing facilities /equipment that are near or beyond their design life, comply with state and federal regulations, and provide capacity to meet the needs of projected growth. Based on the anticipated project schedules and an estimated annual capital cost escalation rate of 3 percent, the total, inflation adjusted CIP for the combined water and sewer system is nearly $32.8 million through FY2029/30. As shown in Attachment 1, the projected capital improvements will be paid by a combination of current revenues and matching state funds. For this analysis, it is assumed the city will receive 70 percent matching funds from the state for every project listed in the CIP. The City must fund the remaining 30 percent of capital expenses via water and /or sewer rates or other sources. It was also assumed that many of the projects would be constructed over a number of construction seasons, thus their costs were spread out over a two to three year period. The City may be eligible for a combination of lower interest loans and grants from state and federal agencies. However, a public vote would be required to issue any debt on behalf of the utility. One advantage to issuing debt, such as revenue bonds or acquiring low interest loans from the Department of Environmental Conservation, is that the rate increases could be lessened and the additional revenue requirements would be spread over a number of years. No debt funding was assumed for this analysis. EXHIBIT 3 Proposed Capital Improvement Program (2010$) City of Kenai Water and Sewer Rate Study Project Name Year of Cost Construction Water Utility Replace 10" AC Water Main with 10" HDPE Main $1,200,000 2012 Construct 10" HDPE Water Main along Swires Rd $1,100,000 2013 North Willow Street 10" Water Main Extension $750,000 2017 Construct New 16" Water Main along Beaver Loop Rd, Bridge Access to Dean St (700011) $3,100,000 2020 Construct new 16" Water Main along Beaver Loop Rd, Togiak Ave to Ames St. (4,30010 $1,800,000 2025 Water Truck $35,000 2026 Construct New 16" Water Main Along Beaver Loop Rd, Ames Rd, to Dean St. (6,6001f) $3,100,000 2028 Subtotal Water CIP (2010$) $11,085,000 5 CITY OF KENAI WATER AND SEWER RATE STUDY Sewer Utility Sewer Truck $75,000 2012 WWTP Dump Truck $60,000 2014 WWTP Phase I UV Disinfection system $1,000,000 2015 WWTP Upgrades Phase II Belt Filter Press, Activated Sludge System Improvements, Control Bldg Exp. $2,000,000 2017 North Willow Street 12" Sewer Main Extension $750,000 2017 WWTP Upgrades Phase III Filament control improvements $2,800,000 2021 WWTP Upgrade Phase IV New pump house, influent manhole mods, Grit Removal, Cyclone Bar Screens $2,000,000 2025 WWTP Upgrade Phase V- Upgrades for Aerobic Digester, Solids Handling System, Recoat Aerobic Digester $2,500,000 2028 Sewer Truck $75,000 2030 Subtotal Sewer CIP (2010$) $11,250,000 Total Water and Sewer CIP (2010$) $22,335,000 Revenues The City of Kenai provided annual financial statements and budgets for the water and sewer systems to CH2M HILL. Each system's revenues and costs are shown as separate categories in the financial statements. However, other revenue sources, such as beginning fund balance and interest income, are not separated between the two utilities. For this analysis, other revenue sources were treated as shared revenue and were available to either utility. With limited federal and state assistance available, the City must rely predominantly on water and sewer rates to fund the projected system costs over the next 20 years. Water Revenues Water sales revenues based on existing rates are projected to be approximately $462,000 in FY2009 /10. The rate schedule for FY 2009 /10 is presented in Exhibit 4. The monthly rate for unmetered residential customers in FY 2009/10 is $13.78. Given the absence of meters, the City's current residential rate structure reflects a reasonable approach to achieve an equitable residential water rate structure. This report recommends no material change to the residential rate classifications or structure. Many nonresidential customers are also unmetered. Most of these customers are comrnercial establishments and are generally minimal water users. For customers with meters, Kenai charges both a flat rate based on meter size and a usage charge based on metered water consumption. 6 The City has approximately 184 metered customers. This includes both residential and commercial customers. In FY 2009/10, the metered customers used approximately 5.3 million gallons of water per month. The current volume charge for metered customers is $1.33 per 1,000 gallons of water used. EXHIBIT 4 Current Water Rates by Customer Class, FY 2009/10 City of Kenai Water and Sewer Rate Study Metered Customers Accounts /month 5/8" or 3/4" 0 $0.00 1" 88 $13.98 11/2" 40 $35.27 2" 40 $53.24 3" 15 $79.86 4" 1 $119.79 Volume Charge ($/000 gallons) $1.33 Unmetered Customers CITY OF KENAI WATER AND SEWER RATE STUDY Residential Accounts /month One or Two Family residence, per unit 1,502 $13.78 Single or double unit apartment, per unit 62 $13.78 Commercial Accounts Units /Account /Unit Bowling Alleys 1 0 $38.60 $0.00 Churches 4 277 $0.00 $0.15 Dentist 1 5 $0.00 $8.32 Doctor 1 8 $0.00 $8.32 Garage /Service Station 3 0 $16.64 $0.00 Hanger -no wash 6 0 $16.64 $0.00 Hanger -with wash 1 0 $19.29 $0.00 Hotel 1 5 $0.00 $8.65 Laundry 1 1 $0.00 $15.65 Office 14 0 $18.63 $0.00 Recreation /per restroom 2 4 $0.00 $9.32 Residential 2 0 $13.98 $0.00 Restaurant 5 310 $0.00 $1.20 Restaurant/Bar 1 28 $0.00 $1.20 School 2 64 $0.00 $0.56 Shops 73 0 $9.66 $0.00 Sleeping Rooms 1 5 $0.00 $3.67 Theater 1 100 $0.00 $0.07 Sewer Revenues Sewer sales revenues based on existing rates are projected to be approximately $1.3 million in FY2009 /10. The rate schedule for FY 2009/10 is presented in Exhibit 5. The monthly rate for unmetered residential customers in FY 2009/10 is $40.35. 7 CITY OF KENAI WATER AND SEWER RATE STUDY Given the absence of meters, the City's current residential rate structure reflects a reasonable approach to achieve an equitable residential sewer rate structure. This report recommends no material change to the residential rate classifications or structure. Many nonresidential customers are also unmetered. For customers with meters, Kenai charges both a demand rate based on meter size and a usage charge based on metered water consumption. The City has approximately 176 metered customers. This includes both residential and commercial customers. In FY 2009/10, the metered customers used approximately 5.3 million gallons of water per month. The current volume charge for metered customers is $4.00 per 1,000 gallons of water used. EXHIBIT 5 Current Sewer Rates by Customer Class, FY 2009/10 City of Kenai Water and Sewer Rate Study Metered Customers Accounts $/month 5/8" or 3/4" 0 $0.00 1" 86 $40.74 1 1/2" 38 $102.56 2" 37 $153.14 3" 13 $231.81 4" 2 $348.42 Volume Charge ($/000 gallons) $4.00 Unmetered Customers Residential Accounts /month One or Two Family residence, per unit 1,483 $40.35 Single or double unit apartment, per unit 61 $40.35 Unmetered Commercial- Demand Charge Accounts /month 5/8" or 3/4" 0 $0.00 1" 34 $40.74 11/2" 5 $102.56 2" 1 $153.14 3" 0 $231.81 4" 0 $348.42 Unmetered Commercial -Use Charge Accounts Units /Account /Unit Bowling Alleys 1 $113.10 $0.00 Churches 4 277 $0.00 $0.43 Dentist 1 5 $0.00 $24.24 Doctor 1 8 $0.00 $24.24 Garage /Service Station 3 $49.17 $0.00 Hanger -no wash 6 $48.82 $0.00 Hanger -with wash 1 $56.20 $0.00 Hotel 1 5 50.00 $24.94 Laundry 1 1 $0.00 $45.31 Office 14 553.39 $0.00 Recreation /per restroom 2 4 $0.00 527.04 Residential 2 $40.35 $0.00 Restaurant 5 310 $0.00 $3.59 B CfrY OF KENAI WATER AND SEWER RATE STUDY EXHIBIT 5 Current Sewer Rates by Customer Class, FY 2009/10 City of Kenai Water and Sewer Rate Study Restaurant/Bar 1 28 $0.00 $3.59 School 2 64 $0.00 $1.62 Shops 71 $9.66 $28.10 Sleeping Rooms 1 5 $0.00 $10.89 Theater 1 100 $0.00 $0.19 As stated previously, it was assumed that total sewer and water system miscellaneous revenues, such as interest earnings and penalty fees, would be treated as shared revenue. Nonrate revenues, including revenue from penalty and interest, grant funding (excluding grants for capital expenditures), interest income, and miscellaneous revenues, are estimated at approximately $109,000 for the water and sewer system in FY 2009/10. Over the 20 year analysis period, other revenues, excluding grant funding for capital projects, are estimated to average about $63,000 per year. Rate Impacts In FY 2010/11, the City is expected to have approximately $2.0 million available in beginning reserves in the combined Water and Sewer fund to pay for operating expenses and capital improvement projects. As discussed previously, the beginning fund balance is not reported separately for the water and sewer funds. For this analysis, the beginning fund balance was treated as shared funds for the two utilities. These funds will be drawn down to pay for planned capital projects and operating expenses. It should also be noted that a minimum combined beginning fund balance of approximately $1.0 million dollars was maintained for each year of the analysis. This report does not recommend changes to the structure of the City's current water or sewer rates. Proposed rate increases will be proportional increases across all existing rate classes This analysis will not require the City to invest in additional metering equipment or billing software that would likely be required if the City were to extensively modify its existing structure. Thus, the rate increase proposed in this analysis will be across the board increases and could be easily implemented by the City. The financial analysis also assumes that the City will receive a 70 percent matching grant from the State of Alaska to cover the costs associated with the CIP. The City will be required to cover the remaining 30 percent of capital expenditures. Exhibit 6 presents the revenue requirements for the combined utilities and the required percentage rate increase for each utility. Rate revenue requirements consist of operation and maintenance expenses (including transfers) and pay -as- you -go capital expenses. Non rate revenue sources, such as interest and miscellaneous revenue, and use of reserves are deducted from the revenue requirements to estimate the required revenue from rates. As Exhibit 6 illustrates, increased revenues will be necessary to cover the revenue requirements associated with the planned capital expenditures presented in Exhibit 3. Thus, rate increases will be necessary over the course of the analysis period to fund the capital program. 9 '0 0) 0 C N 0 m N C m E au co S S� C o co N F- CD 0] O S w CC 0 0 0 O LL 0) oo 0 LL 0) n 0 cos LL to 1. N LL 0 v) N LL C O cot LL M 0 Y LL 0) N O LL N 0 LL O O a LL N N 0) N 0 O 0 0) O t0 N no N N at 0 N O O O M to- 00 0 0 N C) n N 00 C) N 0 N an 0) N r CO CO CO 0 0 0 0 0 0 CO V (0 C CO O fl N 0 M 0 0 M N 0 0 CO it) N CO N O N- N M 0 o 0 v o CO 04 0 0 CO N 0 0 N o m o d c6 O C co O o 0 CO 0 m 0 v N 0 0 of ro m co r n co_ i- t CO 0 0 N d t0 0) 0 0 0 0 co a> 0 O r to co O N 0 0 CO CO e 04 ti r N N CO 0 Cl V CO 0 V) h CO 0 0 0 N N N CO V N C) 0 CO N N 0 C) C) N O on N to 00 O CO N 0 0 o N a o 0 n N CO 0 V N M to O N M1 N N N C•4 r N N N d' 0 N d N N 0 N 0 0 0) N N H 0) C) N M 0 a N 0 10 0) N to 00 of N N O W N c d E N cc a U N 0 'O j C 0 L0 CC N O s 0 v M 0) o r r CD O N 0 DC' 0 CD v O h 0) CO 0 0 CO 0 0 N 0 N r' V M CO 0 0 CO r 0 M O 0 N. O C) 0 uS 0 0) N N CD v N N 0) O 0 0 N m 04 M to O M O Cl O N 0 0) N 0 n 0) H 0 N P N h 0 Cl t- n m N O 0 C) N b N 0) 0 N N 0 N 0 m N 0) 0 CO h 00 0) R M 0) 04 Y LL N W O LL 0 N N N LL N N N LL N 0) cm O cm Y LL 0 N d O N Y LL N cm O LL N 0) M V 0) 0 M co V 0 (0 M 0 N M N N 0) v M t` 7 0 N M 0 0 O v N 0 IN 0) 4 M O r c6 0 co N 0 0 O N O 0) N (0 V IL M N N CO h CO V N r CO M N r 1 CO CO CO N 0) 0) N M O o a 00 0 7 0) 0 (0 CO 0) (o 0 0) 0 n V N h O N V to rt- (0 to 0) 0) 0) r"-- 0) 0 V N 0 V 0 0 CO S LO CO n 0 N V O O N v 4) O N CO M s 0 (0 0 0 N CO 0) 0) v to voo Q 0) co 0 d' co 0 N NI 0 r O) V 0 cc; 0 0) N 0 Q N •c (V r 0) st N 0) co at 0 M O 0 N 0) V N 0 (0 0 M (0 n 0 CO N CO N O 0 0) 7 m v r n co 0 O N C O N 0) 0) C O 0 0 (0 0) m n t') N N O n re 0 N 0 N N M 0) a M n N CV O N CO 0 0- 0- 0) t0 0) F 0 d O O s7 01 A N M1 O 0 0) N 0) (0 N N co N D7 O r- 0 0 0 0 r 0 0 0) 0 at 0 V O N O V CO to M N 0) N 0 co r N O) N 00 M N co co co co a ca 0 V N N N 0) 'Cr 0 0) N 0) 0) 7 0 0 cn M O co N 0 M N c n N CO n N R r 0 M V (0 M 0 N N 0) O W V C) O N n O O M 0) n N Or M M 0 (0 or N M tO n 0- M It was assumed the City would not have a rate increase in FY 2010/11. However, in order to fund the capital program utilizing a pay -as- you -go strategy, increases will be required over the next 20 years. The analysis has projected significant percentage increases to the water rates beginning in 2011/12 through 2018/19. Inflationary adjustments are programmed starting in FY 2019/20. The analysis assumes annual, incremental increases for the sewer utility to maintain a sufficient fund balance and to keep up with the pace of inflation. If the City is successful in obtaining additional external funding (i.e. grants) for the planned capital projects, some of the rate increases may be reduced or eliminated. These rate increases have been structured to allow the City to meet projected annual revenue requirements, while continuing to maintain an adequate fund balance. By FY 2029/30, the sewer utility will have an ending fund balance of approximately $2.6 million. Exhibits 7 and 8 present the forecast water and sewer rates for unmetered residential customers based on the City's existing rates and the projected rate increases discussed above. Based on the projected rate increases, the residential unmetered water rate will be $45.06 per month in FY 2029 /30. The unmetered residential sewer rate will be $63.50 per month. Attachments 2 and 3 present the projected rates for all customer classes. 12 0 q o 0 0 0 0 0 0 1r to to d' co N ,..o Et .m«.caraatmraaiamm Er= 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 O r EA n, O O O O O O O O O O GS (fl E/9- H3 a r0 t6+CQ76_ nagroc -uso EC7 O O 0 ro E It should be noted that changes to the timing of particular projects listed in the CIP and /or the ability of the City to obtain alternative sources of funding could impact the rate increases estimated in this analysis. Alternative rate increase strategies could be explored to smooth increases over the entire planning period, or achieve other objectives. Rate Comparison Exhibit 9 presents water and sewer rate comparison for Kenai and other communities in Alaska. Information for other communities is for adopted rates as of 2010 and was obtained from each city's website. For this comparison, it was assumed the average monthly water consumption was 7,500 gallons per month. Currently, Kenai has the lowest monthly water rate at $13.78 per month. Only Soldotna and Palmer have a lower combined water and sewer rate than Kenai. EXHBIT 9 Water and Sewer Rate Comparison City of Kenai Water and Sewer Rate Study Difference Monthly Monthly Combined from Community Water Bill Sewer Bill Monthly Bill Kenai Kenai $13.78 $40.35 $54.13 NA Kodiak $37.58 $54.55 $92.13 70% Anchorage $40.04 $29.26 $69.30 28% Juneau $23.06 $56.01 $79.07 46% Cordova $29.58 $38.95 $68.53 27% Soldotna $19.56 $28.50 $48.05 -11% Palmer $19.88 $27.75 $47.63 -12% Seward $49.19 $77.20 $126.38 133% Homer $56.50 $92.75 $149.25 176% Notes: 1) All rates as of 2010. Rates verified via internet search. 2) For metered accounts, assumed average monthly water consumption of 1,000 cubic feet (7,500 gallons) CITY OF KENAI WATER AND SEWER RATE STUDY It should be noted that direct bill comparisons between communities are difficult because of differing system requirements (i.e. filtered system vs. unfiltered), policy decisions, tax structures, and usage levels for the various utilities. Seasonality and pricing structures also drive different usage levels. Finally, future rate increases of other communities are not known at this time, which makes comparisons of future water and sewer rates difficult. 15 Water Meters CITY OF KENAI WATER AND SEWER RATE STUDY Currently, the City only meters a portion of their commercial and residential customer base. The decision to install meters has many implications on the City and its customers. Some of the issues surrounding metering include: Water Consumption: Installing meters has proven to curb overall water usage when compared to unmetered customers. The reduction of water usage could benefit the City by reducing the need for future water supply, decrease the amount of water entering the wastewater treatment plant, and encourage water conservation. Equality: Metered customers only pay for the water they actually use, which gives customers the opportunity to manage their water consumption and potentially decrease their water bills. Meters also provide the City with better information about water consumption. This can help the City effectively plan for future demand and can also assist the City when developing equitable rates. Leak Detection: Water meters assist customers and the City with leak detection in the water system. Water Rates: As stated previously, meters provide the City with better data on water demand and consumption among customer classes. This data can help develop rate structures that are more fair and equitable. A possible limitation to installing water meters is the City's billing system and whether it can be modified to adapt to a metered customer base. Installation and O &M Costs: Installing meters will result in capital costs for the City and /or itscustomer. It could also require a change to the City's billing system if the current system cannot accommodate a modified rate structure. The City would also likely experience an increase in operating costs as additional personnel time would be needed to read and maintain the meters. Revenue Impacts: To ensure the City continues to meet the revenue requirements necessary to operate the utility, a detailed cost of service analysis should be conducted. This would need to be completed as the City moves from a stable revenue stream of unmetered, flat rate customers to a more variable revenue stream that is based on water usage. The cost of service study would develop rates to meet the required revenue needs of the utility. Conclusion Based on the study findings summarized in previous sections the following recommendations are presented for the City's consideration: Implement first 5 -years of rate increases presented in Attachment 2 starting in FY 2011/12. Increase rates as needed in future years to meet the financial needs of the systems. The projected rate increases shown in Exhibit 5, are based on the best available data and assumptions developed by the City and CH2M HILL as of June 2010. 16 CITY OF KENAI WATER AND SEWER RATE STUDY Review financial plan regularly to ensure actual revenues and expenditures are tracking with the projections developed in this analysis. The City should review the financial plan annually and adjust the rates as needed to reflect current conditions and assumptions. The American Water Works Association (AWWA) rate manual recommends creating separate funds for the water and sewer utilities to separately account for revenues and expenditures. Currently, the operating expenses for the City's water and sewer utility are accounted for separately. However the revenues, including non -rate revenues and fund balances, are co- mingled. This is not an uncommon practice, especially for smaller communities. At this time, it is not recommended to create separate revenue accounts for the water and sewer fund. The City should revisit the feasibility of establishing separate funds when doing so would not create a financial hardship for either of the utilities. Separating the funds at this time would require even larger rate increases to the water utility to make it self sustaining. 17 Attachments 18 Projected FY 2019 -20 N 0 O 't CO N r m co CO V n r O h CO 0 0 h CO h h h 0 CO r O 0 0 O CO, tv m n m [0 (0 W h CO O O N O O N 0 0 M a c c c co W r r N (O CO m M (V N O O ro r I Z6C868`9 Projected FY 2018 -19 h V' m lD h O co M (0 N 0) 0 V O co, h CO M O 0 0 (O h M (0 0 O 0 a r M N O N h 0 0 0 co r (0 C m m N N CO 0 CO O m 0 n (D W r m M co co 4 d' r 0 O N O o N to N (0 OD m r r t9b'669`S Projected FY 2017 -18 m o t0 h y CO OD m m N r r CO CO m m to co r o o h M o 0 Imo. (O m o R V co V 't O CO n O O 0 co r v m C' W 10 N. o Cli 0 O CO (0 O n N r h N V m h 6 m d' O O r r O r r h M M r n CO LO h n r b6b`8Z Projected FY 2016 -17 (0 (O N t1 r 10 N CO m O CO M YO O (O r r 0 0 h M 0 r m (O N CO h r r co O r O CO r 0 0 O CO r to 0 CO (0 CO 00 N N 10 W CO N O O 0 O N c} r m CO N D7 ,6 C 0 a O V r r CO m h N r r r h r r 6,038,365 Projected FY 2015 -16 m M (D n N r CO r 0 (D h m N 0 r M co N r O O n M 0 CO n (O V 10 O O CI n 0 r CO CO„ r M r O V r V 0 V N (0 n CO e4 000 m 01 10 r CO V 0 N O 0 10 h M 6 00 m CO 0) m O S CO O 10 CO r r r 4,378,245 Projected FY 2014-15 N m O O) O d' O CO C h CO N O N r O 0 h 6 O 0 h (O h M 0 0 0 O O N N CO„ 4t o 0 r 0 C O V N 0 0 0 0 0 d' 0 CO m CO CO 10 t0 m co CO O 1 J r 0 0 CO (O O a N 0 r CO r 19 Lb`£ LO`b Projected FY 2013 -14 M n M O 0 0 00 n h M r V r 0 0 O m n h M O 0 0 0 0 n o o n CO, h N r 0 n CO O 0 r C N O CO 0(00 v (0 m 00 0 CJ 10 0 0 (O t0 h n O m m m m O m r b1£`OOL'b Projected FY 2012 -13 0 N CO N- N r CO 10 0004'- CO CO CO O o O CO n CO O h M O r r CO h M CO co` O o m N CO 0 0 0 CO r 0 C 0 C 0) N v r C0 r CO O O 6 co h co 0 CO m N ti h v m N d' 0 r r M 0) r CO co CO Oi 10 0) O 0) 0 V P 4,294,045 Projected FY 2011 -12 10 N. M (0 u r O O M (0 a n m 0 r M r 0 0 0 O h h M (6 r h o r M CO (0 h 0 0 O CO, r 0 M a" m P) N N N r O O M CO N (O N O) N 10 O 't of O) m m n 0 m co M OO V 6 o co in r- 0 L£b68`£ Projected FY 2010.11 im 0 M N 0) V n n CO M 0 V r o o o 0 0 10 0- CO 0 0 0 o CO 0) COOL0000 0 r r m 10 10 CO CO m 0 0) N CO m 0 N- r y r 3,388,498 Description N C co R m c c 02 0 d m N iV cc N 5 O m Ul n s 'a 3 (5 a in ii a C N a 0 L O O O m 'O ca l0 N Water Utility Capital Sewer Utility Treatment O &M Sewer Utility Capital Debt Service Total Uses of Funds 0 10 ct a in CO "0 co CZ 0 W cc (0 N 0) N N N (n a (0 m a) a O p Z 1 G a) Y o a C) d co 0 N 0) 0 O N LL 0 N 0 p N a LL O a U In 0 r m 0- O m h I. h N n ri O co N O 0 M r N O 0(00 N h 1[1 h n o of ri y 1(J O M r N L 0 r O co m r r- 6 (O N M m h (0 V O M N h 0 N m r On M r N N r O v m 0) N N O m O S 1n h 0 o 0 N C V 0 04 0) O n h M 0 n CO m o N N 0 O m 0 O n (0 V M M 0 V M 10 M OJ N r r h 10 c0 O co co N. o co N. h n co N M N M N- C i r r CEP( OF KENAI VVATER AND SK, Beginning Balance O (0 0- (0 O O O O N 0 O 0 0 0 O N m CO t0 0 co O O 0 O N 00 0 0 0 N O D t- 0) O co N N N O a N N N. M N N 10,093,068 O 0' (0 M t0 N-7 0) (O (D 0 r N 0 0 O M 4 CO O) O co 01 N O 0 CO 0) Lil D 4 V h 0 0 1_ CO CO, 0 V V r 0 M r h 0 O .r N O 0 (0 CO 0 V N r 0 r <1' O) N N 669`863`01 I 0 O N 0 a O O O CO r O O' O O M 0 0 O CO r (0 N 0) O W M1 CO CO h O W N O CO V M N 0 o6 O O (0 0 r O O 4 CO r r O CO 01 10 O 0) C] Ih CO CO N C) 199`6£9`8 O CO h 0 O 0- N M M O y (O O N r O O O M r r (D O e O Oi O CO 4 CO 0) 0 0 co O co CM N N o o v I-- 0 V N \I O r O r r r 0 Ih 0 (D 00 N O (D r 01 04 N N co L991;00`6 I co 0- O O O O O CO CO o r N r (O 1-- 1 N m co N 0) O CO ,l) o a t .D N r N M V r N CO CO O N O 01 :V O N<- CO OD O 10 CO N 0 8,926,192 0 (D h (D 01 0 (D m N N 0' V a O O 0 0 o CO 10 (0 o 10 1-- (000 1 (D (D v 0 CO O O r V O r ui C) O 0 O 01 0 0 0 0 O) 0 CO CO (D (1 N N Di 7,546,615'.. o O 0- o o 1$ V O CO, O 6 O r r N (D m Q 0) u i n o 0 0 O In 0)) 0) O O co 0) O 0- 0 o a O O 0) N N 5,914,896 O r 6 N 1- O r r 6 r r O O O M r N <I' V (0 M O 0) O CO r 0) (0 4 m a O r r- O N O N r 6) ei N N 6,784,472 0 (O r V h 0 M O N O M N O O C) 4 N O co M N N A M 1- N O O) O 0 O N lh 0) O CO O CO CO 0) 0 N I 't S O r O O CO O N M CO CO 0) O r N Z£6`0EZ`9 ZbZ 861 9S9`EEO'Z 000100 CO CO O N r LO n o N 0 O co m M r (V 669`899`L 8179`36 L LLObbC'Z Interest Revenue Misc Grant Funding Water Utility O &M Water Utility Capital Sewer Utility O &M Treatment O &M Sewer Utility Capital Available Ending Fund Balance Minimum Fund Balance Total Uses of Funds ND SEWER RATE ST CITY OF KENAI WA CO W H Cr) CC N N co 0 R CC SP- N co w> 0 CI r z a a 0 o ¢aU O O (.1 LL u CO 0 0 0 0 0 0 CO 0 N N CI CO 4 0 00 N 0 0 N N 0 r 4 0) 0 0 N 0) 0 N r CO CO N O) N C M co N 0 N N O 0) 0 t0 N N 0 0 CO r 0 0 O N N 4 N V M O N K 4 V 4 0:i 4 m in N C) C) N O O O N co E 9 co 0 0) V N 0 f9 N N 4 4 1 0 0 (2 4 4 04 0 69 69 6 9 0 (2 49 49 0- M 69 69 69 69 r N N CO b3 M 69 69 69 E9 E9 fA f9 69 %3 ER r u 4 0 0 0 0 0 0 0 0) CO CO CO CO M 0 v) OI CO (0 (O N 0 0 0 0 0 O N 0 h 0 N 0 0 0 0 C 0 0 W N N h N r 0 LO N r r 9 4 0 0 h (O O (0 N O O N r O r r 0) M O N 6 4 O M M r 6 6 O O O M 49 0) (0 N 9 r 0 69 N N 9 4 0 N 9 4 N CO 69 63 69 N H3 E9 69 CO f9 69 fA E9 N M f9 t9 (9 (a (fl (9 (9 E9 (9 f9 N3 f9 69 69 69 f9 ti 0 4 CO CO 0 0 N CO 9 4 N N t0 09 0 V 0 0) N CO 0 O N O O CO M CO O 0 0 CO 0 00 0 CO CO O r 0 M 0 0 0 9 r 0 0 O (0 6 6 M O O (O O O O r 0 r 6 O M C) 0 r 4 m O O N M cs M 10 0J M 0 0 CD E9 N N 4 9 N CO 4 N CO f9 E9 69 N f9 (9 (9 M E9 d3 60 l9 43 CA 00 49 07 f9 (9 69 H3 E9 fA HT fA M 69 69 FID M 0 0 N 4 CO N CO CO M 0) 0) 00)) CO CO '0 CO CO 9 N 0 N CO N- m M CO 0 0 O r N O r CO. N N O 6 6 N N co 6 N N r r N N r o O O r co 4 9 9 0 04 0 CO N 00 E9 r 0 CO 4 r CO 9 N CO E9 (9 E9 N E9 E9 69 CO 69- 49 E9 E9 04 E9 M 69 0 E9 E9 E9 f9 69 N CO 0 E9 69 M 69 u N 0 9 0) 0 0 O) 9 0)L-C901 9 0 0 0 0 0 9 0 0 0 0) 0 9 0 9 10 0 0 0 0 r 0 0 0 00 CO N N V V 0) O) CO 0 N O) d' a r 0) (O O 0) CO O 6 O C) O (0 R 6 O N N 9 9 6 N (J 6 O 6 N N r m N O O 0 N EA N 9 N r 0 9 N r CO M CO CO M N E9 S M G9 (9 O N E9 E9 4i 43 r r Ea. 03 E9 E9 40 69 E9 f9 (a N 49 69 o co o o co co co co o co 0 0 t0 r r O CO 0 10 4' 0 0 0 0 CO 0) 0 0 N 0) 0 00 0(0 N 9 CO N 0 CO M CO C9 N 9 0 t0 C) N N 0 r m 0 CO (0 0 0 0 0 0 0 an N O to r (p O 0) N N O N N r 00 O O O O N f9 N 9 co O 0 N N E9 r 0 M M r N CO r N 43 69 E9 r E9 E9 E9 N 49 E9 E9 f9 r r N E9 E9 E9 f9 E9 M E9 0 0 0 E9 E9 E9 69 E9 E9 e 6 O 0 Q) 0 (0 9 0 (0 (0 0 CO CO CO (O CO 0) 0 0 0) N N 9 CO N N 0 0) 0 9 N N 9 N O N O) 0) 0) 0) 9 (O N M 0 1 0 0 0 N r 0 9 CO O M K) 6 o 9 r 4 O 6 M N h N 4 6 r 6 M N N O (O (O O O (h N ‚9 04 0 (0 0 0 0 0 6 4 N N CO N M N f9 6 9 f9 f9 E9 U1 N 69 4'3 E9 69 f9 r N E9 f9 (9 E9 f9 69 69 69 69 0) ffl (0 0) E9 E9 o N O N (0 CO 0) 0) 0 (0 000 0090000 N 0 0 4 O) O N 0 0 O) 0 0) 00 N O 00444 0) 0 0 0) 9 0) 0 0 0 0 0 9 r0 0 o 6 O O O r N O) O) Ci N O N N 4 a M N M N C) O r r O V (N O 0 0 N 6 N M N N r N 0 E9 N N N N N N Hi f9 69 M e f9 N 69 E9 E9 f 9 Mr E9 69 E9 1f3 E9 M E9 E9 M E9 M E9 (9 69 CO CO 0 CO 0 00 N N CO N CO 0 0 CO C l 0 0 N 0 0 (00 M m N N 0 t0 m CO N O O 00 O (h 'r to 6 0 6 6 0 6 6 0 0 0 6 to 0 m M r r O 6 M O O M E 9 r N co t0 N r CO E9 E9 E9 r 69 r r E9 r f9 69 H3 U3 f9 E9 E9 r f9 E9 E9 E9 f9 r E9 a 69 f9 09 E9 E9 i9 M c 0 0 CO 0 N 9 0 O) 0 0 N N 9 9 0) 0 t0 CO N CO 0 0 0 0 N N 0 CO o N-. O 07 CO N N CO N o CO CO 0 0 N CO (O (O CO 0) N N t0 0 0 0 0 0) co O C) r 0 C J o at 0 0 0 0 6 6 0 6 0 ro m Mr r O 0 co O O M 69 N 00 t0 N r 0 f9 E9 Ea 69 E9 E9 E9 f9 E9 E9 69 f9 r f9 S. 69 f9 69 r E9 69 E9 69 f9 f9 69 69 ea 0 U To c U) E o Tai E N O c S U 9 0 0 V w y v N m O N a) O) O a a`coo r C 0 o C j o o a a CC 0 O 0 N 4 o c E c c .0 o O (O N O O t a 0 'c 2_ c n E O L N 3 N N J d^. 5 co CD m 3 c o° `m a a m=° o 0 0 w m a a in c 3 0 a a o CC 00 CI a m- m M t m g u N o CO 3 a a v a 8 2 9 om m 8 a a ro v o C U E E° 5 E O d C V (J N 5 E o 0 O J g N N N o w 0) 0 L 0 t oo CO m U❑❑ 0 m S m m J O cc cc m cc co N O H* h O o O O h co co N M to N 0) C) 0) C N 69 ER L N M e e3 n O O O (00 V O O N CJ or 49 7 N CO 69 e3 e3 M M 0 0 CO O M O O M 499 cv M e3 69 f9 O N CO CO CO N 00 h O co r m N 0 e3 09 O O) O C N O 7 N 0) h C) O (f) N h 7 CO e v3 ER (A 49 69 0 ro N 0 0 6 O O N N 69 O O N M Err 0) fa m N O U E co W N N CO N N 01 0) CO CO O EA M et CO (9 N f9 O N (D 0) O) 0 N CO h (D O CO N O n N N N fa e (A fA O N IN v CO 0) CO N N CO CO N O C) 6 O co in h 7 E9 e3 U3 (A e3 0 N N a CO 0) CO N N CO M N c0 0) 0) co co h 7 M 0 fA e3 f vs. N f9 O ".a. O O C N h 7 h 0) O O 7 h CO h h col N CO CO O M N O O N O M O (O N V' N N C C O N 7 0) C h 0) O CO h O N 3 O N 6 o 4 6 6 0 r V 4 M 6 O O to C) M 0 0 0 00 00 00 0 4 0 C 03 C O h (D 0) N e3 N N N to O N N O M C e3 e3 69 M 0 63 69 69 N M Y3 E9 co- oo di U3 (fl 64 69 E9 69 0) co 4 03 e3 E9 et- O— 0 O cD 0 0 00 W h as C C CO co h N co O JO O h O N N O CO N O O O) 0 h C f0 c0 co co CO h h co co co Do co m N N a O C' of 6 O tci Ci (0 O 6 m ai f+i N O of 6 V ei ri O O C M C co h 00 00 N H} N N N N O N N to N V 69 e3 d3 M M fA co 0 N CO f9 e; 43 E9 b3 09 Vt t9 f9 0 64 (9 Ea la e3 e3 v 3 M N a CD O h CO IN M (D (O CO CO CO CO h h CO N N O N h O O CO (O 7 N N C 0 0 0 N O 0 0 O) C 0 CO N N C CO N C h O h h h h M N N O 6 6 6 4 f0 Di o] O ic O 6 (D W h o 0) M M 01 O C f9 C 0 co C 0 0 N N 17) 17) N N C N N C 69 0 f9 N 7 0 (0 e3 fR N co f9 f9 f9 69 03 fa 69 69 fa e3 69 69 0 e3 e3 03 e N O M C C N CO C O t0 M M 0 c0 h CO h h O M N N m CO 0) N (O O N CO N CO N C O O C 7 04 00 04 00 N 0 0 N N N I- N O O N ON O N C' c0 O (O O t0 N O O of O r` O M (V M C) 6 C 0) C (0 O CO C (D (9 N N t0 t0 in N C 6 N C e3 49 0 N 69 f9 e3 CA N M f9 f9 f9 et E9 Y3 !9 (A 49 f9 69 0 e3 0 EA (A e3 o u O 0) C O h N O) h co a, V O) c0 0) co co co in (0 O 0 O t0 co C to O r O ti co M 0 7 V 0 0 N d' V co, O co N O O O— cV V h N O V V CO W cD N N V' h 0 C) C) of 0 0 C M C co O N M C e3 N N C' C N N C t0 N C E9 E9 ei N U3 (9 49 f9 N co Ea Ea (A e3 69 69 69 M fa ca (0 E9 fa 0 f9 egt; 0 M O) C h h CO CO CO CO 0 7 N 0 CO CO 0) N N O) O tO N O h N CO t0 C O 0) CO a (O 0 M M 0) CO L C i0 h V 6t t0 an V N O O O) O O rC O of O 6 C) r- h C C C M (O a M M h 0 0 M 49 0 00 04 co co C O e3 N N C C N N C i0 N CO e3 Ea ei N 7 69 eO e3 d3 N CO 0 fa EA 09 f9 e3 e3 e3 ei (9 0 63 M CO 0 0 69 e i0 O C N h O CO N N N N C C CO C h m to (0 O (D C O N C O O C C O CO N h C N N C C CO 7 CO 0 0 0 M M N 0) N N co O Oi Oi 6 6 N V t- O N C) (O O M 4 (0 6 Di M M (0 O O CO e3 CO (0 Cr a N M O 63 N N C C i0 N C N N M d3 e3 fa N f9 c9 e3 e3 69 N CO e3 et (A f9 f9 e3 e3 e3 el f9 e3 69 e3 f9 e3 69 u 0 O 10 h 0) 0 O) CO O (O O N N h h N h O co 0 co co M C 0) h O N N C M C r-- (0 C h h N (0 h CO CO N O N N N (O C O Ih O 6 6 6 6 0 r 00 O N N O6 M fA CO N 0 C 7 N O e3 N N C C i0 N C N N CO 69. 0 e) N ei 69 et et f9 N NN CO E9 f9 (9 e3 e3 e3 e3 E9 f9 e3 Ea H3 0 E 0 0 6 C3 0 y E N 0 6 U vv a v m `w v 0 CO N T O a c N O co C C h (O h N O O or N 00 CO t0 0) CO h h !D 10 CO N 0000(00) C M C N N co r r t0 N O h h N CO t0 N O C) 6 O h O c0 t C c0 O c0 O N N O r 6 6 6 O M (0 O'- O e3 c0 0 h N e3 N N CO t0 O N C N N C e3 e3 ei CO 7 E9 69 fA 7 i9 CV CO ',7, e3 d3 t9 E9 0 69 69 e3 fA e3 e3 f9 O O W t0 O O C C C C 00 CO CO N 4) h O O N 0) CO r- 0 C O C (D N h CO V (D fD 04 00 0 (0 0 00 u 0 0 0 00 O 6 4 h O d' V O a V of m r 6 (O 6 r M Ci O O f9 Q O O h CO O e3 N N C C t0 N C to N C e) (9 e3 N d3 e3 fA e3 04 f9 EA E9 e3 EA e3 e3 c9 e3 fA e3 e3 co N C 7 to c c N O OU a- O 6 O U To 0 0 E c U N O ro N j `o 0 a o p_ E a_ 0 S C O N R j 1 ^v_ O N E m c 0 `m a. a ctl C c U, E 3 O V 0 a. 3 Z 3 t c ro Q m 0 m o w m o N d N 0 0 0. c N c a d `m cc a 0 N m 0 a a C s O. a 0 C 0 0 0. a 0l C) N co C U !n `O m c 0 m o 0 N 9 m m O co d O co R 0 EE 0 c o r e(9 o a i¢ N E p �i J C O N OU N t6 O N N N N ('OJ .c U L N N 0) 0 >Q m 0 0 a 0W 1 x 1_ 0 cc 00 00 N co in 1—n Or 0 m o CO CO o ui ui t v fl N CO 0 69 69 40 o r 0 CO 0) 0) CO 0 CO 0 CO 0 m N o a of o co (6 v v r (n 0 N fa 69 E9 9 O O 00 c0 O 0 W O M O r 0 (D F9 V co N r F9 9 N EA N 0 E9 O r r 0) N co O o O co O O O O M N V O(0 EA 0 (n N O) EA E9 69 CO (9 0 CO V N CO V N 0 0 L 0 0 4 0 0 O N 0 O (0 V (9 v 0 (o N CO CO (3 N CO 64 (fl fA (0 0 0 LO 0 10 r 0) o 0 10 (d o ri E9 C 0 10 CO M 0 0- 49 0 69 0 0) O N (O 0) (n 0 in v in O] r co O O N V. r co EA V 0 0 CO V fR N C) Ea E9 69 M 0 0) 0) N 0) 0 r CO in CO 0) r Oi 0 0 n O CJ EA co O t o N V E9 r N CO (A 69 O N r O 0 0 O V 0n 0 N h O Oi of W N CJ V CO E9 CJ 0) N CO 69 E9 9 r N 00 E9 EH ce 0 0 0) (O 0) CO V O N V (O V N O O of m 0 of r ci EA CO 0) V N Efl 0 N CO fa E9 69 M V 0 d E O O O 0 a N N CO 0 00 N N 0 1 N t 0 0 0 CO 0 0 CO O V O N N (V O 0 N r m W 6 O a a N O N N m 6 a N a a N N a O 0 43 to N co o) an a a (9 O CO CO 0 IN CO 0 0 CO 10 43 43 43 r 43 ea fA Co t 9 0 40 62 M H 3 (A 09 69- H3 43 (R f9 fR 69 Vi <ft O O t V m 0 9' 0 O m ((0 CO N N CO 0 M 0 N O L0 t O CO r N O t0 A M M O O' O O O N a a N.: h d' a d' a N N C) 0 10 69 10 N N 0) O a V 63 O CO 0 (0 0- O t0 CO CO 10 CO- ER (9 03 43 43 43 f fl 43 69 43 43 43 69 43 03 43 49 O 43 43 43 O O 0 LO m N 0 0 O 0 00 O 9. IO r CO N N N O V 9 0 0 1 1 N O O 0 0 a r N 0 0 0 0 a O o o 6 O Ci O a a N a 6 O 0 4? i0 r N 0) 03 CO a 43 CO CO 0 CO 0 CO N N O 10 CO- 43 O 43 43 49 49 O EN9 a 43 43 43 03 43 O 43 43 M f9 l 9 43 o O O CO 0 0) r 10 (O 91 0 0 a t0 0) N CO N N LO a N CO O (O 0 0 1'6 0 a N N N 0 N N N CO r 0 LO O 0 0 CO CO CO 0 r co O m N c 4 m m 0 o m m Oi W 1C O a a N N V a O o 43 V r N 00 IN r CO 69 N 0 (0 0 (0 CO 10 0 CO a 43 43 69 (i3 43 E9 4) O 01 E O 43 43 4; U3 43 43 69 f9 43 43 19 43 N 0 0 r CO 1 N O 0) C 10 r r 0 V O N N N m 0) n N O r O r O o of r N O W 6 I` r 0 m O N r a a a N O 43 V r r r O O 19 N N N 10 0 N 10 0 CO V CO (9 43 03 43 43 43 r N C4 9 43 43 43 O 43 f9 43 43 43 CO 69 4) o O N O V m N V a N 1 t 00 V 00 CO (JD r N CO 00 CO 0) M N O N 6 6 6 6 6 6 6 O r 1'- 1a7 6 O O a 0 0 10 a s 0 N 0 43 0' 0-0 0) N E9 N N 0 0 CO N 0 0 O a 43 43 43 43 E9 H3 f9 fA 43 CV CO 43 E9 f9 69 43 fA fA 43 H3 43 fA 03 U3 co 0 00 0 0 a N 1 r 00 a r r N CO m 1 0 0 O 00 V 0 CO CO ((0 O N 1f) a d a d o d ui c a o 6 (d a 6,- r 0 6 of a of co o ni d a 43 t 0 a (0 10 00 N 43 0 0 1n 0 0 N 9' 1t) N V 43 43 43 69 43 43 r r NN CO IN 43 03 Eft 43 (9 0 d3 N3 43 43 43 49 69 69 M O r CO CO m 00 V N S V C V 00 N O O V) CO CO CO b 0 a 0) 0 a N 0 0 1 0 1' O O N 0 O 1.6 N m 0 1` 10 0 6 (7 00 O a O a 6 a 0 O 0 a co a 4 3 N N 10 7) 10 N a 10 N a 43 43 43 r r 69 CO O CO 43 43 CI O O 43 (64, 43 E9 43 69-69-9> E9 43 V3 CO- o C0 0 r a LO r 00 V (9 O N N r N N N O C O O 0 CO 0 1)) 00 N m OD 0 0 0 o N C) 0 N o a a of 6 0 4 ui 0) r- 0 Eo 0) ai d o a 43 a 0 O 6 CO a a- E9 N N a a 10 N a 0 N a 43 E9 43 43 43 49 49 49 r CV CO O O 19 43 43 43 43 V3 43 43 43 43 V3 0 o 0 'Cr a 1 E) a CO V CO N N r CO N m CO N 0 0 C 1 LO 0 91 0 0 00 O M O O N C) O) O a a ai o o a 0 (d r 0 C) M o O O 6 a co O 1f) CO a 43 N N a V 1() N a t9 N a 69 43 N 43 43 E9 43 E9 r 009 N CO 43 43 l9 43 43 43 (9 43 43 43 H 3 u 0 C N a E O 0 O CC U '0 a a 0 o N o E E O C C 0. 7 0 0 m `m r E a co o 03 m m o o° E c c a. .O N O R N O O EI N 6 r, p a O. 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D c (1) tt$ i i on c (1) in x 75 i to c 0 0 C9 0 al e® e Nit i 2 as the cip KENM,ALASKA MEMO: "Village with a Past, Gity with a Future' 210 Fidalgo Avenue, Kenai, Alaska 99611 -7794 Telephone: 907- 283 -7535 FAX: 907- 283 -3014 iIIIII TO: City Council FROM: Rick Koch DATE: February 16, 2011 SUBJECT: Water Sewer Rate Study, Work Session The purpose of this correspondence is to respond to questions that were submitted by Councilor Molloy in advance of the work session. 1. Aside from fund balances, what grant funds, if any does the City currently have that could fund part of the future CIP for water (p. 5) and sewer (p. 6)? The Governor's FY 2012 Capital Budget includes 1,603,710 for a project to replace the 10" AC water main along the Spur Highway with HDPE piping, and to construct a 10" HDPE water main along Swires Road. This proposed appropriation represents 70% of the estimated project cost. The city does not presently have grants to fund future water and sewer capital improvement projects identified in the rate study. The City has been successful in the past at receiving matching grants from the state that have covered approx 70% of the funds needed for capital projects, and the study assumes the City will continue to receive grant funding in the amount of 70% of future project costs. 2. The rate study is based on a pay -as- you -go strategy without issuance of any debt, such as revenue bonds or low interest loans. What are the pros and cons of including issuance of some debt for part of the future CIP for water (p. 5) and sewer (p. 6)? The pay as you go strategy was assumed because it has been the existing policy of the City of Kenai In addition, issuing debt requires a public vote, which may be unlikely to pass. 1992 The disadvantages of issuing debt are that the community may be debt averse, paying interest, and the cost /time associated with the issuance. The utility may also be required to meet certain debt coverage requirement that could have additional impacts on rates. The advantage of revenue bonds is that the utility can avoid large, one -time rate increases that would be necessary if the financing of the capital projects was expected to come from rate revenue only. That is not the case in this rate study as the initial larger rate increases are driven by operational costs. Utilizing debt also spreads the cost of the project over time so the people who use the facilities will pay for them over time. If a revenue bond approach to capital projects was considered the schedule for capital improvement projects would probably be much more aggressive. 3. What are the pros and cons of moving to a metered system for water? Pros: Installing water meters has shown to decrease water consumption for the utility, which may reduce the need for future water supply projects; metered customers only pay for the water they actually use, which gives them the opportunity to better control their consumption; provides the city with leak detection data; provides better data for developing rates. Cons: Installation and O &M costs; the city would need to install meters, residential meters cost $125 -$150 each; a meter reading system would need to be established, if manually read it might require a new full -time position in both the water department and in finance, if remotely read it would require a remote -read system (Palmer's cost approximately $200,000), and may require additional staffing; retrofitting meters into residences are often difficult and problematic, the cost of installation could easily be several hundred dollars each; the city may have to install a new billing system if the current system cannot accomodate a modified rate structure; maintaining meters; revenue variability revenue stream for unmetered customers is more stable; may require a cost of service study to establish new rate structure 4. At p. 16, the study states that "alternative rate strategies could be explored to smooth increases over the entire planning period, or to achieve other objectives." What are the recommendations for alternative rate strategies? Smoothing of increases can be achieved through issuing debt, though if the proposed capital projects schedule is maintained it would have minimal effect. Finding other sources of funds (i.e. 100% grants) and delaying capital projects, would also limit rate increases. Delaying the CIPs presented in the study would limit rate increases, although administration has timed the projects so that there wouldn't be multiple large projects occurring at the same time. 0 ra z w o z 0 0 z 2 ct. 2 ral 424 0 0 0 0 0 Cl) 0 0 0 tzl 2 nai: Rate Update L 4PVX1 ir aftn and sewer rate 1f 2005: t 12.54 to $13.78) 3 to $40.35) provements over egulatory h, and upgrade the buted to customers in m use; achieved through to develop rates are ;lusty standard practices 2 3. Develop Funding Plan (Revenue from existing rates and additional revenue from increases) 1. IdentIf System Needs Forecast (O &M Capital) 2. Identify Funding Sources (rates, debt, other) inancia ed with City staff t velop ptions ;fir planning period jected based on existing rate AY debt funding :Oro grant from state for all capital 3 erating irements Capital Regulatory requirements s Growth needs c Rehabilitation and Mated replacement ents enue eq nts d Maintenance Expenses go Capital Projects ce equirements e Revenue serves quirements from Rates 4 Plan A tions tions: I growth assumptions 0. 35% for residential customers 0.35% for commercial customers O &M escalation range of 2 5% to 4.0% per year Contingency: 30 days of O &M expenses .Targeted Combined Ending Fund Balance of approximately $1 million per year (adjusted for inflation) Capital Improvement r ter= 10.2 million million ment Pla stem ong Beaver ong Swires i low St. Waterma at= in replacem at ck: 7.„ umed City would 4»proxirnately $4.8 m analysis period Most projects constru' Funding Sources.. rate and state rants tension r multiple years. j•eserves, a I 5 11 F Ian Re 4 s: Water Rev xisting rates FY 2010/11= $464,000 O &M costs in FY 2010/11 %621,000 Current revenues from rates not sufficient to cover operating expenses) O &M costs increase from $621,000 in FY 201 to approximately $1.2 m over the 20 year analysis period (3,$% annually) Rate incre needed immediately Ya 1 te'r 6 Ca men Tr: pgrad fection ,ge improve Pha ent control l_ Phase 'ump house, of Phase 5: Aerobic Digester: WWTP Dum: truck Sewer Truck k: North Willow St.jewer main Assumed city would cover 30 million over the 20 year anal Most projects constructed over, Funding Source mite increa trol building, other ents s apprb$ d years rves, and state grants Ian xisting :luding millio ease fr sis pe ncreas Sewer 11= $1.3 ility treatment) m to $2.1m over annually) d immediately r0 00 40 00 $30.00 20 00 $10 .00 $0 00 R becau custo Putur time Com mparison ed to other imes difficult equirements, decisions known at this omer, Palmer, va 8 Com Kena Kodi- fnch ;;:dune Cord Sold Palmer Seward Homer tia Mo Sew omparison, mers ombined Difference nthiy Bill from Kenai $54.13 NA $92.13 70% $69.30 28% $79.07 46% $68.53 27% $48.05 -11% $47.63 -12% $126.38 133% $149.25 176 °1a 'monthly water lions) s d rate y to ensure actual e tracking with the lysis e years to meet s. 9 10 ci /kr el KENKI ALASK0 PUBLIC NOTICE The City of Kenai City Council will hold a work session on Wednesday, February 16, 2011 to discuss its Utility Rate Study. The work session will be held in the Kenai Council Chambers, located at 210 Fidalgo Avenue, Kenai, AK and begin at 5:30 p.m. The work session is open to the public. Contact the Kenai City Clerk's office at 210 Fidalgo Avenue, Kenai, 283 -7535, extension 231 with questions. Carol L. Freas, City Clerk D/ Publish: February 11, 2011