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Page 6 of 10 <br /> <br />Figure 2: Projected Financial Plan (Maintain) <br /> <br /> <br />Scenario 2 - Prioritize <br />The Prioritize scenario reduces the City’s risk by more proactively investing in near-term <br />improvements. In this scenario, O&M improvements are the same as the Maintain scenario but <br />include implementing staffing recommendations in the near term (as opposed to deferring to <br />out years) to address the deficiencies identified in the 2025 SSMP. It also includes increasing <br />the budget by 20 percent to supplement contract services for inspection of piping and <br />maintenance holes to expedite documenting baseline conditions to approximately five years <br />(rather than seven). For capital improvements, this scenario includes the same near-term <br />projects as the Maintain scenario plus it increases the number of lift station rehabilitations by <br />four and increases pipe replacement to 1 to 2 miles per year. <br /> <br />Table 3 shows the current and additional sewer collection rate revenues, O&M expense <br />program, and proposed CIP funding for the Prioritize scenario. Total City O&M expenses over <br />five years are equal to $54.0 million. Total CIP costs over five years are $51.5 million, and <br />$37.0 million of those costs are projected to be funded through new debt issuances. <br /> <br />Table 3: Additional Revenues, O&M, and CIP Spending (Prioritize) <br /> <br /> <br />Page 102 of 144