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City of Pleasanton
<br />Sewer Rate Study Report
<br />
<br />Water Resources Economics
<br />39
<br />Table 2-19: Projected CIP Fund Balances (Proposed)
<br />Line Fund Balance (CIP) FY 2026 FY 2027 FY 2028 FY 2029 FY 2030
<br />1 Beginning Fund Balance $8,351,582 $2,860,345 $0 $0 $0
<br />2
<br />3 Sources of Funds
<br />4 Debt Proceeds $0 $0 $6,000,000 $16,000,000 $6,000,000
<br />5 Transfer from O&M Fund $0 $90,723 $393,600 $1,800,900 $1,873,300
<br />6 Total $0 $90,723 $6,393,600 $17,800,900 $7,873,300
<br />7
<br />8 Uses of Funds
<br />9 Interfund Expense $331,134 $341,068 $175,600 $180,900 $186,300
<br />10 Debt Funded CIP $0 $0 $6,000,000 $16,000,000 $6,000,000
<br />11 Rate Funded CIP $5,160,103 $2,610,000 $218,000 $1,620,000 $1,687,000
<br />12 Total $5,491,237 $2,951,068 $6,393,600 $17,800,900 $7,873,300
<br />13
<br />14 Ending Fund Balance $2,860,345 $0 $0 $0 $0
<br />
<br />PROPOSED FINANCIAL PERFORMANCE
<br />The City’s financial performance is evaluated based on the reserve targets and debt coverage
<br />requirements, as shown in Table 2-20. Under the proposed financial plan, the City will meet its
<br />reserve targets by the end of the study period in FY 2030 and debt coverage requirements for
<br />newly proposed debt starting in FY 2028.
<br />
<br />Table 2-20: Projected Financial Performance (Proposed)
<br />Line Financial Performance FY 2026 FY 2027 FY 2028 FY 2029 FY 2030
<br />1 Adopted Reserve Policy
<br />2 Operating Reserve Target $7,367,794 $7,599,432 $9,209,563 $9,224,797 $9,770,583
<br />3 Ending O&M and R&R Fund Balance $6,961,548 $8,219,967 $9,096,935 $9,608,514 $10,238,604
<br />4 Meets Target? No Yes No Yes Yes
<br />5
<br />6 Debt Coverage
<br />7 Required Debt Coverage 125% 125% 125% 125% 125%
<br />8 Calculated Debt Coverage No Debt No Debt 346% 231% 212%
<br />9 Meets Target? No Debt No Debt Yes Yes Yes
<br />
<br />Figure 2-2 shows the projected O&M and Replacement fund balances under the proposed
<br />scenario. In this scenario, the City will meet its operating reserve target by the end of the study
<br />period in FY 2030.
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<br />Page 191 of 923
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