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HomeMy WebLinkAbout08.c. Select preferred rate scenario for Sewer Service Charge for purposes of Proposition 218 Notice=CD limmommo Central Contra Costa Sanitary District February 2, 2017 TO: HONORABLE BOARD OF DIRECTORS FROM: ROGER S. BAILEY, GENERAL MANAGER SUBJECT: SEWER SERVICE CHARGE RATE FOR PROPOSITION 218 NOTICE At the January 26, 2017 Board Workshop, staff produced an array of rate scenarios to meet Central San's financial needs over the next ten-year period. Attached is a schedule of the scenarios discussed at the Workshop. Information on several additional scenarios will be provided per Board Member request prior to the meeting. RB:dma Attached Supporting Document: 1. Rate Scenarios Provided at January 26, 2017 Board Workshop ATTACHMENT 1 Scenario ID Description Additional Pension 10 Year CIP Liability Pmts (millions) (millions) 1 2017-18 2 2018-19 3 2019-20 4 2020-21 Annual Rate Increases 5 6 2021-22 2022-23 7 2023-24 8 2024-25 9 2025-26 10 2026-27 10 -Year Ending Rate and Total % increase Prior Year 2015-16 Scenario used Cost of Service for Rate Setting (June 2015) $28 $28 $28 $21 $21 $22 $23 $24 $24 $25 $747 $413 Percentage Increase 5.57% 5.35% 4.97% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 48.5% Updated January Data Including Updated Wages, Retirement & Medical Baseline Rates $28 $29 $28 $21 $21 $22 $23 $24 $24 $25 $748 $413 Percentage Increase 5.60% 5.40% 5.00% 3.5% 3.5% 3.5% 3,5% 3.5% 3.5% 3.5% 48.7% Updated data, $873 CWMP, add . 1 0 pension payments $95 $113 $134 $160 $35 $36 $38 $39 $40 $42 $1,236 $873 $2.5 Percentage Increase 18.9% 18.9% 18.9% 18.9% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 145.7% Updated data, 873 CWMP, add pension payments Partial Debt Funding from 2.0 November workshop (3 bonds) $38 $41 $44 $48 $40 $43 $45 $48 $51 $54 $956 $873 $2,5 Percentage Increase 7.6% 7.6% 7.6% 7.6% 6.0% 6.0% 6.0% 6.0% 6.0% 6.0% 90.1% Debt Issue (millions) $110 $178 $194 $482 Updated data, $873 CWMP, add pension payments, reduce O&M spending 2.1 Partial Debt Funding (4 bonds) $35 $38 $40 $43 $40 $42 $44 $47 $50 $53 $935 $873 $2.5 Percentage Increase 7.0% 7.0% 7.0% 7.0% 6.0% 6.0% 6.0% 6.0% 6.0% 6.0% 85.9% Debt Issue (millions) $60 $100 $125 $228 $513 Updated data, $873 CWMP, add pension payments BLUE BACKUP Partial Debt Funding from 4 bonds November workshop $34 $36 $38 $41 $39 $41 $44 $47 $49 $52 $925 No $2.5 mil $873 Percentage Increase 6.7% 6.7% 6.7% 6.7% 6.0% 6.0% 6.0% 6.0% 6.0% 6.0% 83.9% Debt Issue (millions) $60 $100 $125 $228 $513