|
Table 2-20: Proposed Financial Plan
<br />Line Financial Plan FY 2024 FY 2025 FY 2020
<br />1 Revenues
<br />2 Rate Revenues
<br />3 Water 26,918,811 $27,734,889 $28,578,405
<br />4 Recycled Water 3,255,500 $3,216,401 $3,256,700
<br />5 Revenue Adjustments 4,526,147 $13,309,054 $20,807,425
<br />6 Other Revenues-Water 2,720,041 $1,021,041 $1,047,000
<br />7 Other Revenues-Recycled Water 969,462 $987,962 $1,036,462
<br />8 Interest Income-Water 275,000 $84,406 $85,804
<br />9 Interest Income-Recycled Water 0 0 $20,118
<br />10 Total-Revenues 38,664,960 $46,353,753 $54,831,914
<br />11
<br />12 O&M Expenses
<br />13 Purchased Water Fixed-Water 9,314,331 $9,873,191 $10,465,582
<br />14 Purchased Water Variable-Water $12,795,669 $13,735,207 $12,747,969
<br />15 Purchased Water-Recycled Water $1,690,021 $1,809,337 $1,937,076
<br />16 O&M Expenses-Water 10,842,999 $11,358,431 $11,863,986
<br />17 O&M Expenses-Recycled Water 762,057 $796,631 $828,990
<br />18 Total-O&M Expenses 35,405,077 $37,572,796 $37,843,602
<br />19
<br />20 Debt and Capital
<br />21 Debt Service-Water 1,385,849 $1,385,849 $1,385,849
<br />22 Debt Service-Recycled Water 1,415,535 $1,415,535 $434,895
<br />23 Rate Funded CIP-Water 3,955,000 $4,468,750 $7,590,625
<br />24 Rate Funded CIP-Recycled Water 50,000 $56,250 $61,875
<br />25 Total-Debt and Capital 6,806,384 $7,326,384 $9,473,244
<br />26
<br />27 Net Cash Flow 3,546,501) $1,454,573 $7,515,068
<br />28 Net Revenue 3,259,883 $8,780,957 $16,988,312
<br />29
<br />30 Debt Coverage
<br />31 Calculated 2.30 6.20 39.06
<br />32 Required 1.25 1.25 1.25
<br />33
<br />34 Water Operating and Capital
<br />35 Beginning Balance 9,852,554 $9,510,379 $7,455,290
<br />36 Ending Balance 9,510,379 $7,455,290 $9,791,334
<br />37 Reserve Target 11,533,550 $12,238,390 $12,277,138
<br />38
<br />39 Recycled Water Operating
<br />40 Beginning Balance 1,873,039) ($1,077,365) $432,297
<br />41 Ending Balance 1,077,365) $432,297 $3,611,321
<br />42 Reserve Target 918,997 $962,858 $1,007,642
<br />43
<br />44 Combined Financial Plan
<br />45 Beginning Balances 7,979,515 $8,433,014 $7,887,587
<br />46 Ending Balances 8,433,014 $7,887,587 $13,402,655
<br />47 Reserve Target 12,452,547 $13,201,248 $13,284,780
<br />WATER AND RECYCLED WATER RATE STUDY REPORT 29
|