HomeMy WebLinkAbout13. Reevaluate 04-16-2020 decision on FY 2020-21 Sewer Service Charge (SSC) rate increase Page 1 of 6
Item 13.
,ek CENTRAL SAN
CENTRAL CONTRA COSTA SANITARY DISTRICT
May 7, 2020
TO: HONORABLE BOARD OF DIRECTORS
FROM: DANEA GEMMELL, PLANNING AND DEVELOPMENT SERVICES DIVISION
MANAGER
JEAN-MARC PETIT, DIRECTOR OF ENGINEERINGAND TECHNICAL
SERVICES
REVIEWED BY: PHIL LEIBER, DIRECTOR OF FINANCE AND ADMINISTRATION
KENTALM, DISTRICT COUNSEL
ROGER S. BAILEY, GENERAL MANAGER
SUBJECT: IN LIGHT OF THE CONTINUING IMPACT OF THE COVID-19 PANDEMIC, A
MAJORITY OF THE BOARD MEMBERS AGREED TO REEVALUATE THE
DECISION MADE AT THE APRIL 16, 2020 MEETING, AFTER
CONSIDERING CENTRAL SAN'S FINANCIAL CONDITION, TO LEAVE
UNCHANGED THE 5.25% SEWER SERVICE CHARGE (SSC) RATE
INCREASE PREVIOUSLYAPPROVED BYTHE BOARD FOR FISCAL YEAR
2020-21 AND SCHEDULED TO BE IMPLEMENTED ON JULY 1, 2020
Staff will review the attached presentation at the meeting.
Strategic Plan Tie-In
GOAL THREE: Be a Fiscally Sound and Effective Water Sector Utility
Strategy 1 - Conduct long-range financial planning, Strategy 2- Manage costs
ATTACHMENTS:
1. Presentation
May 7, 2020 Regular Board Meeting Agenda Packet- Page 117 of 166
FISCAL YEAR 2020 =21
SEWER SERVICE CHARGE
RE -EVALUATION
May 7, 2020
Board Meeting
r3 �
=F
May 7, 2020 rd Meeti
.. CENTRALSAN
SSC RATE SUMMARY
FY 2020=21
Approved SSC rate increase: 5.25%
Additional Revenue from rate increase $5, 105,400
Residential SSC Revenue $86, 100,000
Non-Residential SSC Revenue $20,530,000
Total SSC Revenue forecast: $ 106,630,000
Residential SSC billed as flat fee
Non-Residential SSC billed based on water use
i.'
CENTRr a a
A Z •
0 1 2 4 5 6
ME
9 10
escription FY 2019- FY 2020- FY 2021 - FY 2023- FY 2024- FY 2025- FY 2026-V2027- FY 2028- FY 2029- Cumulative
20 21 _ 3 24 25 26 27 28 29 30 Total
FY 2019-20 CAPITAL IMPROVEMENT PROGRAM REVENUE REQUIREMENT & FUNDING
PIPI I- Sewer Service Charge
$867.2 .
teIncrease
million i Bond
FY 2020-21 CAPITAL IMPROVEMENT PROGRAM REVENUE REQUIREMENT
IncreaseSewer Service Charge
Rate
PROPOSED FUNDING SCENARIO 1A .
Bond Issuance
Updated PROPOSED FUNDING SCENARIO 113
cash flow
Bond Issuance
CIP:
$907.5 11
million PROPOSED FUNDING SCENARIO 2A
Bond Issuance
PROPOSED .
Bond Issuance ($mil)
resentediit-- amh tun fin `-
CENTRAL SAN
FINANCIAL PLANNED SSC FOR NEXT FOUR YEARS
Approved Increase $31 $31 $30
$1,000 10.0%
$598 $629
$660 $690
5.25%
75%
$500 — — ------- 4. 5.0%
$0 0.0%
2019-20 2020-21 2021-22 2022-23
Single Family Rate Rate Increase
L 4
SSC SCHEDULE
Set Public Hearing for 4/16/20 3/19/20
Public Hearing to consider adoption of
proposed ordinance to amend rate 4/16/20
adjustment for FY 'It "0-21
Draft Budget Distribution 5/7/20
E&O Review and 5/12/20
Finance Committee Review of budgets 5/19/20
Budget Presentation 5/21/20
Deadline for Final Decision on Rates 5/21/20
so staff can recalculate SSC bills*
Budget Hearing and Adoption 6/4/20
Public Hearing to place FY 2020-21 SSC 7/23/20
on Tax Roll
Deadline to submit FY 2020-21 SSC on 8/10/20
Tax Roll
* Only if SSC rate are reevaluated ` 5
CENTRALSAN