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06-09-2020 - Budget WorkshopCity Council City of Edgewater Meeting Agenda 104 N. Riverside Drive Edgewater, FL 32132 Council Chambers4:00 PMTuesday, June 9, 2020 Budget Workshop - Utility Rate Review & Budget (Utility-Enterprise) We respectfully request that all electronic devices are set for no audible notification. 1. CALL TO ORDER and ROLL CALL 2. PRESENTATIONS Presentation by Raftelis on the Utility Rate Study Update and Reporta. Utility Rate Study Update 2020 Raftelis-Water-Wastewater-Solid Waste-Stormwater Utility Rate Study FY 2020 Update Attachments: Presentation by Bridgette Vaissiere, Finance Director on Enterprise Fundsb. Bridgette - Enterprise Funds Budget Presentation June 09 2020Attachments: Presentation by Brenda Dewees, Director of Environmental Services on Solid Waste Operations c. Brenda - Solid Waste OperationsAttachments: 3. ADJOURN Pursuant to Chapter 286, F.S., if an individual decides to appeal any decision made with respect to any matter considered at a meeting or hearing, that individual will need a record of the proceedings and will need to ensure that a verbatim record of the proceedings is made. The City does not prepare or provide such record. In accordance with the Americans with Disabilities Act, persons needing assistance to participate in any of these proceedings should contact City Clerk/Paralegal Robin L. Matusick, CMC, 104 N. Riverside Drive, Edgewater, Florida, telephone number 386-424-2400 x 1102, 5 days prior to the meeting date. If you are hearing or voice impaired, contact the relay operator at 1-800-955-8771. Page 1 City of Edgewater Printed on 6/3/2020 City of Edgewater Legislation Text 104 N. Riverside Drive Edgewater, FL 32132 File #:AR-2020-4800,Version:1 COUNCIL AGENDA ITEM SUBJECT: Presentation by Raftelis on the Utility Rate Study Update and Report DEPARTMENT: Finance Department City of Edgewater Printed on 6/3/2020Page 1 of 1 powered by Legistar™ CITY OF EDGEWATER Fiscal Year 2020 Utility Rate Study Update Presented on June 9th, 2020 Study Background •First Utility Rate Study Was in Fiscal Year 2015 ▫Initial Multi-Year Rate Adjustment Plan Was Adopted •Since Then Annual Updates to Keep Up With Changes ▫Revised Capital / Renewal & Replacement Needs ▫Unforeseen Contingency Events (Matthew and Irma) ▫Other Changes in Operating Costs (Insurance, etc.) ▫Changes in Capital Needs ▫Growth and Sales Projections ▫Financial Policies (Charter Reserve) etc. ▫Solid Waste System Operational Review •Sixth Update to Long Term Rate and Financial Plan 2 Study Objectives •Evaluate Sufficiency of Rate Revenues by Individual Utility System ▫Water, Wastewater, and Reclaimed Water ▫Stormwater ▫Solid Waste (Collection and Recycling) •Promote Long-Term Sustainability of Utility System (Ensure Adequate Funding of Renewals and Replacements) •Maintain Compliance with Regulatory and Loan Requirements 3 Study Considerations •Build Utility Operating Reserve to Adequate Levels ▫Minimum Balance of 45 Days of Rate Revenue ▫Target Balance Between 90 – 120+ Days of Rate Revenue •Fund Charter Reserve by Fiscal Year 2022 ▫Target Balance of 15% of Operating Expenses, Debt Service Costs, Ongoing Dept. Capital (Excluding Major Capital) 4 Study Considerations (Cont.) •Ensure Adequate Renewal and Replacement Fund Balance •Fulfill All Debt Service Coverage Requirements and Targets ▫Senior Lien Bonds – 100% ▫Subordinate Lien Bonds – 115% ▫All-In Target – 150% •Phase-In and Mitigate Bill Impacts to Ratepayers ▫Consider Rate Relief Where Possible 5 Study Tasks •Update Financial Forecast ▫Forecast Period - Fiscal Years 2020 to 2025 ▫Water, Wastewater and Reclaimed Water, Stormwater, and Solid Waste Systems •Update Projections of: ▫Customer Growth, Sales, and Revenues ▫Operating Expenses ▫Capital Improvement Program and Funding Plan ▫Debt Service Payments and Other Requirements ▫Adequacy of Revenues at Previously Adopted Rates ▫Rate Revenue Adjustments •Rate Design Alternatives for Water and Wastewater 6 Growth Assumptions – All Systems 7 •Modest Account Growth Projected During Fiscal Years 2020 through 2025 ▫75 Residential Accounts Per Year ▫5 Commercial Accounts Per Year •200 Water and Sewer Accounts Purchased from UCNSB •Average Annual Growth Rate of Approx. 0.8% •Potential for Higher Growth in Later Years ▫Potential Revenue Impact To Be Assessed in Future Updates Once It Starts to Materialize •Reflects Declines in Water and Wastewater Billed Flows Water, Wastewater, and Reclaimed Water Systems 8 Financial Forecast Results 9 Description Prior Financial Forecast Results Current Financial Forecast Results [*] Effective Year Water Wastewater Water Wastewater October 2020 (FY 2021) 9.00% 9.00% 9.00% 9.00% October 2021 (FY 2022) 3.00% 3.00% 3.00% 3.00% October 2022 (FY 2023) 3.00% 3.00% 3.00% 3.00% October 2023 (FY 2024) 3.00% 3.00% 3.00% 3.00% October 2024 (FY 2025) N/A N/A 3.00% 3.00% [*] Projected bill increases are based on average residential usage of 3,000 gallons per month (Existing Bill = $70.43). Amount only accounts for changes to water and wastewater rates as most customers do not have reclaimed service. Actual bill increases may vary depending on several factors including final project costs, economic conditions and any other rate structure modifications. Projected Bills – Current Forecast 10 Description Current Study Avg. Projected Bills Fiscal Year Water Wastewater Combined Proposed 2020 $26.38 $44.05 $70.43 Proposed 2021 $28.75 $48.03 $76.78 Proposed 2022 $29.62 $49.47 $79.09 Proposed 2023 $30.51 $50.96 $81.47 Proposed 2024 $31.42 $52.50 $83.92 Proposed 2025 $32.36 $54.06 $86.42 Note – Bills shown at estimated system average usage level of 3,000 gallons per month. Comparison of Water and Wastewater Rates 11 [*] Utilities shown: i) are involved in rate study; ii) are planning to conduct rate study; or iii) will implement rate revision or price index / pass-through adjustment within twelve months following the comparison preparation date . Projected Utility Revenue Requirements 12 •Based on Fiscal Year 2020 operating and capital budget as provided by the City. •Operating expenses are projected to increase at approximately 3.1% per year throughout the forecast period. •Contingency / bad debt expense at 0.25% of rate revenues ($32,000 per year). •Includes Funding Charter Reserve by Fiscal Year 2022 at approx. $343,000 per year. •Includes Issuance of Additional Debt to Fund Capital Improvement Program (1 Bank Loan / 2 SRF Loans). $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 2020 2021 2022 2023 2024 2025 Projected Combined Revenue Requirements Total Operating Expenses Total Debt Service Payment In Lieu of Franchise Fees Renewal and Replacement Fund Transfer Capital Funded from Rates / Reserves Transfer to Charter Reserve Fund Total Revenues at Existing Rates Total Revenues at Proposed Rates Capital Improvement Program 13 •Based on Fiscal Year 2020-2025 Capital Improvement Program Budget as provided by the City. •Total Capital Improvement Program - $28,062,749 over 6 years. •56% Funded from Rates and Internal Reserves (Operating Fund / R&R Fund / Impact Fees). •44% Funded from Additional Debt Issuances (1 Bank Loan / 2 SRF Loans). $3,028,000 $5,096,725 $5,464,363 $4,345,726 $7,085,466 $3,042,469 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 2020 2021 2022 2023 2024 2025 Capital Improvement Program Funding Plan Water & Wastewater Rates Renewal and Replacement Fund Operating Fund Grant Funding Proposed Debt Water and Wastewater Development Fees Projected Operating Fund Ending Cash Balance 14 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 2020 2021 2022 2023 2024 2025 Unrestricted Reserves Ending Cash Balances Fund 440 - Operating Fund 90 Days of Rate Revenue 45 Days of Rate Revenue 15 Projected R&R Fund Ending Cash Balance $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 2020 2021 2022 2023 2024 2025 Renewal & Replacement Fund Ending Balance Year End Cash Balance Deposits / Transfers In From Rates Transfer from Operating Fund R&R Fund Expenditures / Transfers Out 5% of System Fixed Assets (Per Bond Resolution) Projected Capital Funds & Charter Reserve Ending Balances 16 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 2020 2021 2022 2023 2024 2025 Capital Funds & Charter Reserve Ending Balances Charter Reserve R&R Fund Combined Connection Fee Funds Charter Reserve Fund Balance Target Projected Debt Service Coverage 17 [*] Decrease due to phasing in of additional debt service payments over time. 125% 131% 128% 130% 124% 123% 0% 20% 40% 60% 80% 100% 120% 140% 2020 2021 2022 2023 2024 2025 Senior Lien Debt Service Coverage Calculated Senior Lien Coverage Min. Required Coverage (100%) Projected Debt Service Coverage (Cont.) 18 [*] Decrease due to phasing in of additional debt service payments over time. 703% 865% 901% 691% 504% 404% 0% 100% 200% 300% 400% 500% 600% 700% 800% 900% 1000% 2020 2021 2022 2023 2024 2025 Subordinate Lien Debt Service Coverage Calculated Subordinate Lien Coverage Minimum Required Coverage (115%) Projected Debt Service Coverage (Cont.) 19 [*] Decrease due to phasing in of additional debt service payments over time. 201% 295% 320% 301% 236% 231% 0% 50% 100% 150% 200% 250% 300% 350% 2020 2021 2022 2023 2024 2025 All-In Debt Service Coverage All-In Debt Service Coverage Minimum Coverage Target (150%) Next Steps 20 •Review Water and Wastewater Rate Structure ▫Base and Usage Charges ▫Residential Wastewater Billing Cap Options ▫Usage Block Tiers ▫Other Options ? Description Block Ranges Water Wastewater Base ¾” ¾” Meter $13.92 $20.20 Tier 1 0 – 2,000 $2.34 $7.95 Tier 2 2,001 – 5,000 $7.78 $7.95 Tier 3 5,001 – 10,000 $9.74 $7.95 Tier 4 10,001+ $12.16 $7.95 Stormwater System 21 Financial Forecast Results 22 Description Prior Financial Forecast Results Current Financial Forecast Results Effective Year Base Fee Assessment Fee Base Fee Assessment Fee October 2020 (FY 2021) 8.33% 8.33% 0.00% 0.00% October 2021 (FY 2022) 7.69% 7.69% 8.33% 8.33% October 2022 (FY 2023) 7.14% 7.14% 7.69% 7.69% October 2023 (FY 2024) 6.67% 6.67% 7.14% 7.14% October 2024 (FY 2025) N/A N/A 1.67% 1.67% Financial Forecast Results 23 Effective Year Rate Increase Residential Bill Increases Residential Monthly Bill Existing Rates (FY 2020) N/A N/A $12.00 October 2020 (FY 2021) 0.00% $0.00 $12.00 October 2021 (FY 2022) 8.33% $1.00 $13.00 October 2022 (FY 2023) 7.69% $1.00 $14.00 October 2023 (FY 2024) 7.14% $1.00 $15.00 October 2024 (FY 2025) 1.67% $0.25 $15.25 Commercial / Non-Residential – FY 2021 Description Existing Rate Proposed Rate Charge with Site Mitigation $6.52 $6.52 Charge W/O Site Mitigation $12.00 $12.00 Comparison of Stormwater Rates 24 [*] Comparison shows the City’s existing and future rates compared to other cities current rates only. Other cities will be increasing monthly user rates for FY 2021 as well. $12.00 $12.00 $0.00 $2.00 $4.00 $6.00 $8.00 $10.00 $12.00 $14.00 $16.00 $18.00 Monthly Residential Stormwater Bill Monthly Bill Projected Utility Revenue Requirements 25 •Based on Fiscal Year 2020 operating and capital budget as provided by the City. •Operating expenses are projected to increase at approximately 4.1% per year throughout the forecast period. •Contingency at 5.00% of O&M and a bad debt expense at 0.25% of rate revenues ($73,000 per year). •Includes issuance of a capital lease to fund a new Menzi Tractor in the Capital Improvement Program. $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 2020 2021 2022 2023 2024 2025 Projected Stormwater Revenue Requirements Operating Expenses Total Debt Service PILOFF Capital Funded From Rates Other Revenue Requirements Revenues at Existing Rates Revenues at Proposed Rates Capital Improvement Program 26 $5,490,974 , 55% $4,102,127 , 41% $362,250 , 4% Capital Improvement Program Funding Plan Rate Revenues Grant Funding Proposed Debt Capital Improvement Program (cont.) 27 •Based on Fiscal Year 2020-2025 Capital Improvement Program Budget as provided by the City. •Total Capital Improvement Program - $9,955,351 over 6 years. •55% Funded from Rates and Internal Reserves. •4% Funded from Additional Debt Issuances (1 Capital Lease). •41% Funded from State Grants (50% - 93% Grant funding for Qualifying Projects). $357,000 $3,734,431 $1,205,886 $866,280 $2,205,654 $1,586,100 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 2020 2021 2022 2023 2024 2025 Capital Improvement Program Funding Plan Rate Revenues Grant Funding Proposed Debt Projected Operating Fund Ending Cash Balance 28 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 2020 2021 2022 2023 2024 2025 Operating Fund Ending Cash Balances Operating Fund Balance 90 Days of Rate Revenue 120 Days of Rate Revenue 29 Projected Charter Reserve Ending Cash Balance $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 2020 2021 2022 2023 2024 2025 Capital Fund and Charter Reserve Ending Fund Balance Charter Reserve Fund Charter Reserve Fund Balance Target Projected Debt Service Coverage 30 1466% 562% 706% 815% 986% 1502% 0% 200% 400% 600% 800% 1000% 1200% 1400% 1600% 2020 2021 2022 2023 2024 2025 All-In Debt Service Coverage All-In Debt Service Coverage Minimum Target - 150% Solid Waste System 31 Solid Waste Forecast 32 •Forecast Update Assumes Revised Capital Plan Based on Operational Review Recommendations ▫Removal of Transfer Station Project ▫Leasing of New and Larger Trucks •Forecast Update Assumes Operating Expenses Based on Current Operations ▫If Additional Operational Changes Are Implemented Then Projected Operating Costs and Proposed Rates May Be Adjusted to Reflect Relevant Possible Savings Financial Forecast Results 33 [*] Adjustments shown to be applied to collection only. Recycling rates are projected to not increase in 2021 and increases in subsequent years are projected to be inflationary (2.3% - 2.5%) based on the cost to the City from its provider as a direct passthrough. Description Prior Financial Forecast Results Current Financial Forecast Results Effective Year Residential Non- Residential Residential Non- Residential October 2020 (FY 2021) 6.00% 6.00% -14.50% -14.50% October 2021 (FY 2022) 6.00% 6.00% 0.00% 0.00% October 2022 (FY 2023) 3.00% 3.00% 1.50% 1.50% October 2023 (FY 2024) 3.00% 3.00% 2.00% 2.00% October 2025 (FY 2025) N/A N/A 2.00% 2.00% Financial Forecast Results 34 Description Collection Rates Effective Year Residential Non-Residential Existing Rate (FY 2020) $29.04 $32.95 October 2020 (FY 2021) $24.83 $27.84 October 2021 (FY 2022) $24.83 $27.84 October 2022 (FY 2023) $25.20 $28.25 October 2023 (FY 2024) $25.70 $28.82 October 2024 (FY 2025) $26.21 $29.40 [*] Residential bills shown reflect only the monthly collection portion of the bill. Financial Forecast Results 35 Description Recycling Rate Effective Year Residential Existing Rate (FY 2020) $4.31 October 2020 (FY 2021) $4.31 October 2021 (FY 2022) $4.42 October 2022 (FY 2023) $4.53 October 2023 (FY 2024) $4.64 October 2024 (FY 2025) $4.75 [*] Residential bills shown reflect only the monthly recycling portion of the bill. Projected Utility Revenue Requirements 36 •Based on Fiscal Year 2020 operating and capital budget as provided by the City. •Operating expenses are projected to increase at approximately 3.2% per year throughout the forecast period. •Contingency at 1.00% of O&M and a bad debt expense at 0.25% of rate revenues ($41,000 per year). •Includes funding Charter Reserve for approx. $180,000 in 2020 with no subsequent deposits being required. •Includes issuance of additional debt to fund Capital Improvement Program (3 Loans / Leases). $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 2020 2021 2022 2023 2024 2025 Solid Waste System Revenue Requirements Total Operating Expenses Total Debt Service Transfers to General Fund - PILOFF Transfer to Vehicle Replacement Fund Transfer to Charter Reserve Fund Other Capital Funded from Rates Total Revenues at Existing Rates Total Revenues at Proposed Rates Capital Improvement Program 37 •Based on Fiscal Year 2020-2025 Capital Improvement Program Budget as provided by the City. •Total Capital Improvement Program - $5,481,240 over 6 years. •59% Funded from Rates and Internal Reserves (Operating Fund / Rates). •41% Funded from Proposed Capital Loans / Leases. $1,213,385 $31,050 $31,050 $355,500 $1,758,100 $373,200 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 2020 2021 2022 2023 2024 2025 Capital Improvement Plan Funding by Source Rate Revenues Proposed Leases Projected Operating Fund Ending Cash Balance 38 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 2020 2021 2022 2023 2024 2025 Operating Reserves Ending Cash Balance Fund 447 - Operating Fund 120 Days of Rate Revenue 90 Days of Rate Revenue 39 Projected Charter Reserve Ending Cash Balance $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 2020 2021 2022 2023 2024 2025 Charter Reserve Fund Ending Cash Balances Charter Reserve Fund Charter Reserve Fund Balance Target Projected Debt Service Coverage 40 [*] Decrease due to phasing in of additional debt service payments and capital leases over time. 2991% 395% 358% 253% 251% 192% 0% 500% 1000% 1500% 2000% 2500% 3000% 3500% 2020 2021 2022 2023 2024 2025 All-In Debt Service Coverage All-In Debt Service Coverage Target Coverage 150% Recommendations and Conclusions •Adopt Proposed Water, Wastewater, Reclaimed Water, Stormwater and Solid Waste 2020 Rate Adjustments ▫On Plan for Water, Wastewater, and Reclaimed Water ▫Significant Rate Reduction for Solid Waste ▫No Rate Increase for Stormwater •City Should Continue to Update Financial Forecast to Ensure Rate Plan Addresses Changing Circumstances •All Coverage Requirements Fulfilled or Exceeded During the Forecast Period •Unrestricted Cash Reserves at Targeted Levels 41 Discussions & Questions 42 Water, Wastewater, Solid Waste,and Stormwater Utility Rate Study –Fiscal Year 2020 Update Draft 1 Report /June 1, 2020 CITY OFEDGEWATER DRAFT 1 June 1, 2020 Honorable Mayor and Members of the City Council City of Edgewater 104 N. Riverside Drive Edgewater, FL 32132 Subject:Water, Wastewater,Solid Waste,and Stormwater Utility Rate Study – Fiscal Year 2020 Update Ladies and Gentlemen: Raftelis Financial Consultants, Inc. ("Raftelis") has completed our Fiscal Year 2020 update to the Rate Study for the water, wastewater,solid waste,and stormwater rates for the City of Edgewater, Florida (the "City") and has summarized the results of our analyses, assumptions,recommendations, and conclusions in this report,which is submitted for your consideration.The analysis encompassed a financial evaluation for the six (6) fiscal year period of October 1, 2019 through September 30, 2025 (the "Forecast Period"). Based on the assumptions relied upon in the development of the projected utility system revenues and expenditure needs,Raftelis has identified the need for water, wastewater,solid waste,and stormwater rate adjustments shown below for Fiscal Years 2021 through 2025. Summary of Previously Adopted and Proposed Rate Adjustments Fiscal Year Ending September 30, Description 2020 2021 2022 2023 2024 2025 Previously Recommended Rate Adjustments: Water and Wastewater Systems 9.0%9.0%3.0%3.0%3.0%N/A Solid Waste System 6.0%6.0%6.0%3.0%3.0%N/A Stormwater System 9.1%8.3%7.7%7.1%6.7%N/A Proposed Rate Adjustments: Water and Wastewater Systems [1]N/A 9.0%3.0%3.0%3.0%3.0% Solid Waste System [2] Collection Service N/A -14.5%0.0%1.5%2.0%2.0% Recycling Service N/A 0.0%2.6%2.5%2.4%2.3% Stormwater System [3]N/A 0.0%8.3%7.7%7.1%1.7% [1]Rates were adjusted at the beginning of Fiscal Year 2020 by 9.0%for the water and wastewater systems. [2]Rates were adjusted in January of Fiscal Year 2020 by 6.0%. [3]Rates were adjusted at the beginning of Fiscal Year 2020 by 9.09%. Honorable Mayor and Members of the City Council DRAFT 1 City of Edgewater June 1, 2020 Page 2 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1) As can be seen above, the total proposed rate adjustments for the water, wastewater and solid waste systems are lower than those presented in the previous rate study.The proposed reduction in rate increases for the stormwater and solid waste systems are primarily due to changes in operating costs and the amount and timing of certain capital projects.In addition to reviewing the adequacy of rates for the utility systems Raftelis was also tasked with reviewing and developing alternatives to the water and wastewater system's existing rate structure.The proposed utility rates for all are designed to meet a number of goals and objectives.The main objective of our analysis was to develop proposed rates that will produce revenues sufficient to meet the projected expenditure requirements of each utility system. Other goals and objectives considered in the study include: The proposed rates should allow the utility to maintain a financial position that is both sustainable and consistent with performance criteria established by the City and based on utility industry standards; The proposed rates should comply with rate covenant requirements associated with existing debt or future borrowings; The proposed rates should be based on full cost recovery principles;and The proposed rates, to the extent practical, should be comparable with those of neighboring utility systems. The proposed rates and charges for water, wastewater,solid waste,and stormwater service are designed to meet the goals and objectives outlined above and should be sufficient to provide for the recovery of the total costs anticipated for each utility system. Following this letter, we have provided a summary report,which briefly summarizes the results of our study and outlines our recommendations and conclusions. We appreciate the opportunity to be of service to the City and would like to thank the City staff for their valuable assistance and cooperation during this study. Respectfully submitted, Raftelis Financial Consultants, Inc. Henry L. Thomas Shawn A. Ocasio Vice President Senior Consultant HLT/dlc Attachments DRAFT 1 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)-i- CITY OF EDGEWATER, FLORIDA WATER, WASTEWATER,SOLID WASTE, AND STORMWATER UTILITY RATE STUDY –FISCAL YEAR 2020 UPDATE TABLE OF CONTENTS Title Page No. Letter of Transmittal Table of Contents ......................................................................................................................i List of Tables and Appendices ....................................................................................................iii SECTION 1 –WATER AND WASTEWATER SYSTEMS ......................................................1 Customer Growth and Revenues .........................................................................................1 Operating and Maintenance Expenses .................................................................................1 Capital Improvement Plan ..................................................................................................2 Existing and Proposed Debt ................................................................................................2 Transfers ............................................................................................................................2 Cash Balances ....................................................................................................................2 Conclusions and Recommendations ....................................................................................3 Rate Comparison ...............................................................................................................3 Rate Design .......................................................................................................................4 SECTION 2 –SOLID WASTE SYSTEM .................................................................................1 Customer Growth and Revenues .........................................................................................1 Operating and Maintenance Expenses .................................................................................1 Capital Improvement Plan ..................................................................................................1 Existing and Proposed Debt ................................................................................................2 Transfers ............................................................................................................................2 Cash Balances ....................................................................................................................2 Conclusions and Recommendations ....................................................................................2 Rate Comparison ...............................................................................................................4 DRAFT 1 CITY OF EDGEWATER, FLORIDA WATER, WASTEWATER, SOLID WASTE, AND STORMWATER UTILITY RATE STUDY –FISCAL YEAR 2020 UPDATE TABLE OF CONTENTS (cont'd.) Title Page No. K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)-ii- SECTION 3 –STORMWATER SYSTEM................................................................................1 Customer Growth and Revenues .........................................................................................1 Operating and Maintenance Expenses .................................................................................1 Capital Improvement Plan ..................................................................................................1 Existing and Proposed Debt ................................................................................................2 Transfers ............................................................................................................................2 Cash Balances ....................................................................................................................2 Conclusions and Recommendations ....................................................................................2 DRAFT 1 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)-iii- CITY OF EDGEWATER, FLORIDA WATER, WASTEWATER,SOLID WASTE, AND STORMWATER UTILITY RATE STUDY –FISCAL YEAR 2020 UPDATE LIST OF TABLES AND APPENDICES Table No.Description SECTION 1 –WATER AND WASTEWATER SYSTEMS 1-1 Summary of Historical and Projected Water Accounts and Sales 1-2 Summary of Historical and Projected Wastewater Accounts and Billable Flows 1-3 Summary of Historical and Projected Reclaimed Water Accounts and Billable Flows 1-4 Summary of Projected Water Rate Revenues Under Existing Rates 1-5 Summary of Projected Wastewater Rate Revenues Under Existing Rates 1-6 Summary of Historical and Projected Reclaimed Water Rate Revenues 1-7 Allocation of Fiscal Year 2020 Operating Budget 1-8 Allocation References 1-9 Projection of Water System Operating Expenses 1-10 Projection of Wastewater System Operating Expenses 1-11 Projection of Combined Water and Wastewater System Operating Expenses 1-12 Summary of Projected Escalation Factors 1-13 Capital Improvement Program Funding Plan 1-14 Summary of Existing and Proposed Annual Debt Service Payments –Sinking Fund Basis 1-15 Projection of Renewal and Replacement Fund Transfers 1-16 Projection of Charter Reserve Fund Transfers 1-17 Projection of Operating and Other Transfers 1-18 Projection of Ending Cash Balances and Interest Income 1-19 Projection of Water System Revenue Requirements 1-20 Projection of Wastewater System Revenue Requirements 1-21 Projection of Combined Water and Wastewater System Revenue Requirements 1-22 Projection of Debt Service Coverage Compliance 1-23 Comparison of Typical Monthly Residential Bills for Water Service 1-24 Comparison of Typical Monthly Residential Bills for Wastewater Service 1-25 Comparison of Typical Monthly Residential Bills for Combined Water and Wastewater Service SECTION 2 –SOLID WASTE SYSTEM 2-1 Projected Collection Customers and Revenues Under Existing Rates 2-2 Projected Solid Waste System Revenue Under Existing Rates 2-3 Fiscal Year 2020 Operating Budget 2-4 Projection of Solid Waste Operating Expenses 2-5 Summary of Projected Escalation Factors 2-6 Capital Improvement Program Funding Plan 2-7 Summary of Debt Service Payments –Sinking Fund Basis DRAFT 1 CITY OF EDGEWATER, FLORIDA WATER, WASTEWATER, SOLID WASTE, AND STORMWATER UTILITY RATE STUDY –FISCAL YEAR 2020 UPDATE LIST OF TABLES AND APPENDICES (cont'd.) K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)-iv- Table No.Description SECTION 2 –SOLID WASTE SYSTEM (cont'd.) 2-8 Projection of Interfund Transfers 2-9 Projection of Ending Cash Balances and Interest Income 2-10 Projected Solid Waste System Revenue Requirements 2-11 Projection of Debt Service Coverage Compliance 2-12 Comparison of Monthly Residential Collection and Disposal Bills SECTION 3 –STORMWATER SYSTEM 3-1 Summary of Historical and Projected Stormwater Accounts 3-2 Summary of Projected Stormwater Rate Revenues Under Existing Rates 3-3 Projection of Other Operating Revenues 3-4 Fiscal Year 2020 Operating Budget 3-5 Projected Stormwater System Operating Expenses 3-6 Summary of Projected Escalation Factors 3-7 Capital Improvement Program Funding Plan 3-8 Summary of Debt Service Payments –Sinking Fund Basis 3-9 Projection of Operating and Other Transfers 3-10 Projection of Ending Cash Balances and Interest Income 3-11 Projected Stormwater System Revenue Requirements 3-12 Projection of Debt Service Coverage Compliance 3-13 Comparison of Monthly Residential Stormwater Rates Appendix No.Description 1 Water and Wastewater System Financial Dashboards and Performance Metrics 2 Solid Waste System Financial Dashboards and Performance Metrics 3 Stormwater System Financial Dashboards and Performance Metrics DRAFT 1 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)1-1 SECTION 1 –WATER AND WASTEWATER SYSTEMS Customer Growth and Revenues Projected revenues from rates for the water and wastewater system were based on the schedule of water, wastewater, and reclaimed water rates and charges effective October 1, 2019. In order to calculate projected revenues from existing rates for the Forecast Period, the existing fiscal year 2020 rates were applied to projected billing statistics. Based on discussions with City staff,the revised growth projections recognize 200 additional accounts in 2020 associated with the acquisition of a service area from the Utilities Commission of New Smyrna Beach and an average annual growth in customers of approximately 0.71%, or 80 accounts,per year throughout the Forecast Period. Based on year-to-date customer billing information provided by the City for Fiscal Year 2020 (which shows a decrease in billed flows for 2020) the forecast assumes future customer usage at these reduced levels, as shown in Tables 1-1 through 1-6. Based on these assumptions, system revenues at proposed rates are estimated to increase from approximately $11.3 million to $14.2 million per year over the Forecast Period.Other operating revenues such as tap-on fees, services charges, and penalties are projected, on average, to be approximately $683,000 per year and interest earnings on unrestricted fund balances are estimated to average approximately $11,100 per year, over the Forecast Period. Operating and Maintenance Expenses The Fiscal Year 2020 operating budget served as the basis for the operating expense projections for the remainder of the Forecast Period.Certain adjustments were made to the Fiscal Year 2020 operating budget to exclude depreciation, principal and interest payments on debt, capital expenditures, and additions to reserves, which were accounted for separately in our analysis; or in the case of depreciation,excluded as a non-cash expense.The adjusted amounts were then allocated between the water and wastewater systems, as shown in Tables 1-7 through 1-11. These adjustments resulted in the Fiscal Year 2020 operating budget of $13.4 million being adjusted down to approximately $8.0 million to identify cash operating expenses, as shown in Table 1-7.A bad debt allowance of 0.25% of rate revenues was recognized in each fiscal year. The allowance represents an average of approximately $32,300 annually.Operation and maintenance expenses are projected to increase over the Forecast Period by an annual average of approximately 3.1% per year above Fiscal Year 2020 operating budget levels.The overall increase in projected operating expenses was based upon assumptions corresponding to several cost escalation factors and the nature of the expense as shown on Table 1-12.A few of the major cost escalation factors are shown below: 1.Labor –4.0% in Fiscal Year 2021 and 3.0%in Fiscal Years 2022 through 2025 2.Health Insurance –10.0%increase per year 3.Consumer Price Index (CPI)–Average of 2.5% per year 4.Electricity and Fuel –5.0% per year DRAFT 1 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)1-2 Capital Improvement Plan The Capital Improvement Program ("CIP")relied upon in this analysis was based on the Fiscal Year 2020 -2025 CIP,as provided by City.The City's project cost estimates were based on current year dollars and therefore the projected amounts were escalated by the Engineering News-Record ("ENR") index, which has been approximately 3.0% per year,to account for estimated construction cost inflation over the Forecast Period. The CIP includes approximately $28.1 million in improvements, renewals and replacements, and regulatory related investments.The CIP also includes an acquisition of a service area from Utilities Commission of New Smyrna Beach.Based on discussions with the City this acquisition is intended to be self-funding.The City will be funding the initial acquisition and connection cost but will gain 200 new accounts.These new accounts will provide a benefit by contributing towards the costs of the system thereby paying for themselves over time.The financial forecast assumes that the anticipated CIP will be fully funded through a combination of rate revenues, cash reserves,assessments,and proposed debt as shown on Table 1-13. Existing and Proposed Debt Based on the debt service schedules for the outstanding bonds,SRF Loans,revenue notes,and proposed senior and subordinate lien debt,the annual debt service payments to be funded from rates is approximately $2.0 million per year, increasing to $2.4 million over the Forecast Period.Payments for the proposed senior lien debt, which represent a 50%allocation of the debt service proposed for the public works building project,are projected to begin in Fiscal Year 2024 and will be approximately $372,000 annually.Payments for the proposed subordinate lien debt s that will finance water and wastewater plant upgrades,reclaimed line extensions,and lift station rehabilitations are projected to begin in Fiscal Year 2023 and will be approximately $141,000,increasing to approximately $565,000 by 2025.Existing and proposed debt service payments are summarized on Table 1-14. Transfers In order to fund ongoing renewal and replacement capital needs anticipated by the City, an annual transfer to the renewal and replacement fund from rate revenues is recommended. The transfer starts at 12.8% of the prior year's revenues and increases gradually to 15.0%,by the end of the Forecast Period.The amounts funded each year start at $1.4 million in 2020 and increase to $2.2 million by 2025 and are shown in Table 1-15.Additionally, the City transfers 5.9% of the prior year's water and wastewater gross revenues to the General Fund in the form of a Payment in-Lieu-of Franchise Fee ("PILOFF").These amounts are funded each year of the Forecast Period and average approximately $772,000 annually (starting at $695,000 in 2020 and increasing to $848,000 by 2025), as shown in Table 1-17. Cash Balances In Fiscal Year 2011,the City adopted Resolution No.2011-R-20, which established a fund balance policy applying to all General Fund balances (the "Charter Reserve"). Subsequently in Fiscal Year 2016 the City adopted Resolution No.2016-R-40,which extended the Charter Reserve policy to all operating funds including the water, wastewater, stormwater and solid waste enterprise funds.The adopted fund balance policy establishes a reserve balance target equal to 15% of the current fiscal year operating expenditures , excluding general fund transfers, with a maximum of 25%. If the reserve balance amount falls below DRAFT 1 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)1-3 targeted levels the City must begin a plan to achieve the minimum balance of 15%within five (5) years. Currently the City is working towards fulfilling this requirement.A deposit of approximately $343,000 per year for three years is projected and funded in the rate plan to meet this reserve requirement by Fiscal Year 2022.Additionally, the City targets an operating fund ending cash balance between of 45 to 90 days of rate revenue.The Operating Fund is projected to remain near or above the 90-day level throughout the Forecast Period.Lastly,based on the City's loan agreements the City must target a balance of 5% of system fixed assets in the Renewal and Replacement Fund for unforeseen contingencies and capital needs.This target is generally maintained throughout the Forecast Period.All projected year end cash balances are summarized on Table 1-18 at the end of this section. Conclusions and Recommendations Based on the projected operating expenditure needs of the water and wastewater system and the projected funding plan for the CIP, it is estimated that the previously adopted and projected rate increases will be sufficient, as shown on Tables 1-19 through 1-22. The projected operating results set forth herein assume the continued implementation of the previously adopted and proposed rate adjustments.Below is a summary of the proposed rate adjustments, along with certain projected financial operating results. Summary of Projected Rate Adjustments and Key Operating Results Fiscal Year Ending September 30, Description 2020 2021 2022 2023 2024 2025 Adopted/Previously Recommended Rate Adjustments (Resolution No.2017-R-24)9.00%9.00%3.00%3.00%3.00%N/A Proposed Water and Wastewater Rate Adjustments N/A[1]9.00%3.00%3.00%3.00%3.00% System Revenue Surplus/(Deficiency) [2]($680,884)$231,491 $208,918 $420,719 ($125,019)($87,119) Operating Fund (Ending Balance) [3]$3,078,078 $3,448,160 $3,451,346 $3,762,792 $3,637,773 $3,335,570 Days of Cash (Target of 45-90 Days of Rate Revenue) [3]100 102 99 104 97 86 Renewal and Replacement Fund (Ending Balance) [3]$2,159,426 $1,819,190 $1,730,908 $2,197,321 $2,389,002 $2,082,206 Charter Reserve Fund (Ending Balance)$1,125,233 $1,468,580 $1,811,927 $1,811,927 $1,811,927 $1,811,927 Impact Fee Funds (Ending Balance)$1,377,646 $1,566,247 $1,755,036 $1,670,696 $1,859,590 $2,048,672 Senior Lien Debt Service Coverage (Test 1.00)1.25 1.31 1.28 1.30 1.24 1.23 Subordinate Lien Debt Service Coverage (Test 1.15)7.03 8.65 9.01 6.91 5.04 4.04 All-In Debt Service Coverage (Target 1.50)2.01 2.95 3.20 3.01 2.36 2.31 __________ [1]Rates were adjusted at the beginning of Fiscal Year 2020 by 9.0% for the water and wastewater systems. [2]As shown in Table 1-21. [3]As shown in Table 1-18. Rate Comparison As shown below for an average bill based on 3,000 gallons of water use and on Tables 1-23 through 1-25 for a range of usage levels, bills under the proposed Fiscal Year 2020 water and wastewater rates are above average when compared to the surveyed,neighboring utilities'average. DRAFT 1 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)1-4 Rate Design -To be added- (Remainder of page intentionally left blank) Page 1 of 1 Table 1-1 City of Edgewater, Florida Water and Wastwater Utility Rate Study Summary of Historical and Projected Water Accounts and Sales Line Historical Fiscal Year Ended September 30,Projected Fiscal Year Ending September 30, No.Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 INSIDE THE CITY Residential Single Family 1 Annual Account Growth N/A 295 56 11 (279)55 75 75 75 75 75 75 2 Average Accounts Served During Year 9,370 9,665 9,721 9,732 9,453 9,507 9,582 9,657 9,732 9,807 9,882 9,957 3 Equivalent Residential Connections (ERCs)9,375 9,668 9,726 9,738 9,459 9,514 9,589 9,664 9,739 9,814 9,889 9,964 4 Total Water Sales (000s Gallons)378,613 393,841 398,525 396,188 367,956 364,606 338,069 340,714 343,358 346,002 348,647 351,291 5 Average Monthly Usage (000s Gallons)3.4 3.4 3.4 3.4 3.2 3.2 2.9 2.9 2.9 2.9 2.9 2.9 Residential Multi Family 6 Annual Account Growth N/A 2 (1)0 (2)(2)0 0 0 0 0 0 7 Average Accounts Served During Year 50 52 51 51 50 48 48 48 48 48 48 48 8 Equivalent Residential Connections (ERCs)130 135 132 132 132 130 130 130 130 130 130 130 9 Total Water Sales (000s Gallons)18,785 20,366 18,205 18,316 19,258 18,430 16,956 16,956 16,956 16,956 16,956 16,956 10 Average Monthly Usage (000s Gallons)12.1 12.6 11.5 11.6 12.1 11.9 10.9 10.9 10.9 10.9 10.9 10.9 Commercial 11 Annual Account Growth N/A 2 7 28 (8)7 5 5 5 5 5 5 12 Average Accounts Served During Year 468 470 478 506 498 505 510 515 520 525 530 535 13 Equivalent Residential Connections (ERCs)986 980 1,006 1,042 1,034 1,074 1,079 1,084 1,089 1,094 1,099 1,104 14 Total Water Sales (000s Gallons)39,330 42,892 43,383 48,992 45,030 51,602 47,713 47,952 48,192 48,431 48,670 48,909 15 Average Monthly Usage (000s Gallons)3.3 3.6 3.6 3.9 3.6 4.0 3.7 3.7 3.7 3.7 3.7 3.7 Total Inside the City 16 Annual Account Growth N/A 299 62 40 (288)60 80 80 80 80 80 80 17 Average Accounts Served During Year 9,888 10,187 10,249 10,289 10,001 10,061 10,141 10,221 10,301 10,381 10,461 10,541 18 Equivalent Residential Connections (ERCs)10,491 10,782 10,864 10,912 10,625 10,717 10,797 10,877 10,957 11,037 11,117 11,197 19 Total Water Sales (000s Gallons)436,728 457,100 460,113 463,496 432,244 434,638 402,738 405,622 408,506 411,389 414,273 417,156 20 Average Monthly Usage (000s Gallons)18.8 19.7 18.5 18.9 19.0 19.0 17.5 17.5 17.5 17.5 17.5 17.5 OUTSIDE THE CITY Residential Single Family 21 Annual Account Growth N/A 15 (1)6 (14)(1)200 0 0 0 0 0 22 Average Accounts Served During Year 742 756 755 761 747 746 946 946 946 946 946 946 23 Equivalent Residential Connections (ERCs)755 764 756 763 749 749 949 949 949 949 949 949 24 Total Water Sales (000s Gallons)26,284 28,549 28,334 28,748 27,806 32,594 38,027 38,027 38,027 38,027 38,027 38,027 25 Average Monthly Usage (000s Gallons)2.9 3.1 3.1 3.1 3.1 3.6 3.3 3.3 3.3 3.3 3.3 3.3 Commercial 26 Annual Account Growth N/A 0 (0)(3)(1)1 0 0 0 0 0 0 27 Average Accounts Served During Year 8 8 8 5 4 6 6 6 6 6 6 6 28 Equivalent Residential Connections (ERCs)15 17 15 8 5 6 6 6 6 6 6 6 29 Total Water Sales (000s Gallons)1,128 355 496 421 286 359 331 331 331 331 331 331 30 Average Monthly Usage (000s Gallons)6.3 6.3 6.3 4.4 4.5 5.4 4.9 4.9 4.9 4.9 4.9 4.9 Volusia County 31 Annual Account Growth N/A 0 0 0 0 0 0 0 0 0 0 0 32 Average Accounts Served During Year 1 1 1 1 1 1 1 1 1 1 1 1 33 Equivalent Residential Connections (ERCs)80 80 80 80 80 80 80 80 80 80 80 80 34 Total Water Sales (000s Gallons)99,474 108,978 149,118 150,286 125,542 143,250 131,790 131,790 131,790 131,790 131,790 131,790 35 Average Monthly Usage (000s Gallons)103.6 113.5 155.3 156.5 130.8 149.2 137.3 137.3 137.3 137.3 137.3 137.3 Total Outside the City 36 Annual Account Growth N/A 15 (1)2 (15)1 200 0 0 0 0 0 37 Average Accounts Served During Year 751 766 764 767 752 753 953 953 953 953 953 953 38 Equivalent Residential Connections (ERCs)850 861 851 851 834 835 1,035 1,035 1,035 1,035 1,035 1,035 39 Total Water Sales (000s Gallons)126,885 137,882 177,948 179,455 153,634 176,203 170,148 170,148 170,148 170,148 170,148 170,148 40 Average Monthly Usage (000s Gallons)113 123 165 164 138 158 146 146 146 146 146 146 TOTAL RETAIL WATER SYSTEM 41 Annual Account Growth N/A 313 61 42 (303)61 280 80 80 80 80 80 42 Average Accounts Served During Year 10,640 10,953 11,014 11,056 10,753 10,814 11,094 11,174 11,254 11,334 11,414 11,494 43 Equivalent Residential Connections (ERCs)11,341 11,643 11,714 11,763 11,459 11,552 11,832 11,912 11,992 12,072 12,152 12,232 44 Total Water Sales (000s Gallons)563,614 594,982 638,061 642,951 585,878 610,842 572,886 575,770 578,653 581,537 584,420 587,304 45 Average Monthly Usage (000s Gallons)4.1 4.3 4.5 4.6 4.3 4.4 4.0 4.0 4.0 4.0 4.0 4.0 Page 1 of 1 Table 1-2 City of Edgewater, Florida Water and Wastwater Utility Rate Study Summary of Historical and Projected Wastewater Accounts and Billable Flows Line Historical Projected Fiscal Year Ending September 30, No.Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 INSIDE THE CITY Residential Single Family 1 Annual Account Growth N/A 47 56 10 (1)29 75 75 75 75 75 75 2 Average Accounts Served During Year 9,197 9,244 9,300 9,310 9,308 9,338 9,413 9,488 9,563 9,638 9,713 9,788 3 Equivalent Residential Connections (ERCs)9,200 9,244 9,300 9,310 9,310 9,339 9,414 9,489 9,564 9,639 9,714 9,789 4 Wastewater Revenue Gallons (000s Gallons)368,022 378,004 383,876 380,224 361,746 357,867 335,489 338,162 340,835 343,507 346,180 348,853 5 Average Monthly Usage (000s Gallons)3.3 3.4 3.4 3.4 3.2 3.2 3.0 3.0 3.0 3.0 3.0 3.0 Residential Multi Family 6 Annual Account Growth N/A 0 0 0 (1)(1)0 0 0 0 0 0 7 Average Accounts Served During Year 50 50 50 50 50 48 48 48 48 48 48 48 8 Equivalent Residential Connections (ERCs)130 131 131 50 132 130 130 130 130 130 130 130 9 Wastewater Revenue Gallons (000s Gallons)19,269 20,028 18,138 18,280 19,208 18,430 17,140 17,140 17,140 17,140 17,140 17,140 10 Average Monthly Usage (000s Gallons)12.4 12.7 11.5 30.3 12.1 11.8 11.0 11.0 11.0 11.0 11.0 11.0 Commercial 11 Annual Account Growth N/A (1)5 28 5 6 5 5 5 5 5 5 12 Average Accounts Served During Year 396 395 401 428 433 439 444 449 454 459 464 469 13 Equivalent Residential Connections (ERCs)831 822 836 435 878 889 894 899 904 909 914 919 14 Wastewater Revenue Gallons (000s Gallons)32,571 36,425 35,600 41,198 39,459 40,582 37,969 38,196 38,423 38,650 38,877 39,104 15 Average Monthly Usage (000s Gallons)3.3 3.7 3.5 7.9 3.7 3.8 3.5 3.5 3.5 3.5 3.5 3.5 Total Inside the City 16 Annual Account Growth N/A 46 61 38 3 34 80 80 80 80 80 80 17 Average Accounts Served During Year 9,643 9,689 9,750 9,788 9,791 9,825 9,905 9,985 10,065 10,145 10,225 10,305 18 Equivalent Residential Connections (ERCs)10,161 10,197 10,267 9,795 10,319 10,358 10,438 10,518 10,598 10,678 10,758 10,838 19 Wastewater Revenue Gallons (000s Gallons)419,862 434,457 437,614 439,702 420,413 416,879 390,598 393,498 396,398 399,298 402,197 405,097 20 Average Monthly Usage (000s Gallons)3.4 3.6 3.6 3.7 3.4 3.4 3.1 3.1 3.1 3.1 3.1 3.1 OUTSIDE THE CITY Residential Single Family 21 Annual Account Growth N/A 2 0 (1)(2)(1)0 0 0 0 0 0 22 Average Accounts Served During Year 302 304 304 303 301 300 300 300 300 300 300 300 23 Equivalent Residential Connections (ERCs)310 304 304 303 301 300 300 300 300 300 300 300 24 Wastewater Revenue Gallons (000s Gallons)7,312 8,369 8,108 8,321 8,031 7,983 7,424 7,424 7,424 7,424 7,424 7,424 25 Average Monthly Usage (000s Gallons)2.0 2.3 2.2 2.3 2.2 2.2 2.1 2.1 2.1 2.1 2.1 2.1 Residential Multi Family 26 Annual Account Growth N/A 0 0 (0)0 0 0 0 0 0 0 0 27 Average Accounts Served During Year 0 0 0 0 0 0 0 0 0 0 0 0 28 Equivalent Residential Connections (ERCs)0 0 0 0 0 0 0 0 0 0 0 0 29 Wastewater Revenue Gallons (000s Gallons)0 0 0 0 0 0 0 0 0 0 0 0 30 Average Monthly Usage (000s Gallons)0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial 31 Annual Account Growth N/A 0 (0)(1)(1)3 0 0 0 0 0 0 32 Average Accounts Served During Year 2 2 2 1 0 3 3 3 3 3 3 3 33 Equivalent Residential Connections (ERCs)4 5 4 1 0 3 3 3 3 3 3 3 34 Wastewater Revenue Gallons (000s Gallons)56 53 31 62 0 55 52 52 52 52 52 52 35 Average Monthly Usage (000s Gallons)1.3 0.9 0.6 5.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total Outside the City 36 Annual Account Growth N/A 2 (0)(2)(3)2 0 0 0 0 0 0 37 Average Accounts Served During Year 305 306 306 304 301 303 303 303 303 303 303 303 38 Equivalent Residential Connections (ERCs)314 309 308 304 301 303 303 303 303 303 303 303 39 Wastewater Revenue Gallons (000s Gallons)7,368 8,422 8,139 8,384 8,031 8,039 7,476 7,476 7,476 7,476 7,476 7,476 40 Average Monthly Usage (000s Gallons)2.0 2.3 2.2 2.3 2.2 2.2 2.1 2.1 2.1 2.1 2.1 2.1 TOTAL RETAIL WASTEWATER SYSTEM 41 Annual Account Growth N/A 47 61 36 (0)36 80 80 80 80 80 80 42 Average Accounts Served During Year 9,948 9,995 10,056 10,092 10,092 10,128 10,208 10,288 10,368 10,448 10,528 10,608 43 Equivalent Residential Connections (ERCs)10,475 10,506 10,575 10,099 10,621 10,661 10,741 10,821 10,901 10,981 11,061 11,141 44 Wastewater Revenue Gallons (000s Gallons)427,230 442,879 445,753 448,086 428,444 424,918 398,073 400,973 403,873 406,773 409,673 412,573 45 Average Monthly Usage (000s Gallons)3.4 3.5 3.5 3.7 3.4 3.3 3.1 3.1 3.1 3.1 3.1 3.1 TOTAL COMBINED SYSTEM 46 Wastewater Revenue Gallons (000s Gallons)427,230 442,879 445,753 448,086 428,444 424,918 398,073 400,973 403,873 406,773 409,673 412,573 47 Treated Wastewater Flows 519,642 562,556 566,207 569,170 544,221 539,742 543,792 547,842 551,892 555,942 559,992 564,042 48 Retail Service ERCs 10,475 10,506 10,575 10,099 10,621 10,661 10,741 10,821 10,901 10,981 11,061 11,141 49 Wastewater Treated Flow per ERC (Kgal)49.61 53.55 53.54 56.36 51.24 50.63 50.63 50.63 50.63 50.63 50.63 50.63 Page 1 of 1 Table 1-3 City of Edgewater, Florida Water and Wastwater Utility Rate Study Summary of Historical and Projected Reclaimed Water Accounts and Billable Flows Line Historical Projected Fiscal Year Ending September 30, No.Description 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 INSIDE THE CITY Residential Single Family 1 Annual Account Growth N/A 90 13 (33)27 5 5 5 5 5 5 2 Average Accounts Served During Year 2,933 3,023 3,036 3,003 3,030 3,035 3,040 3,045 3,050 3,055 3,060 3 Equivalent Residential Connections (ERCs)2,934 3,023 3,036 3,003 3,030 3,035 3,040 3,045 3,050 3,055 3,060 4 Reclaimed Water Revenue Gallons (000s Gallons)242,523 283,543 306,964 218,326 36,514 36,575 36,635 36,695 36,755 36,816 36,876 5 Average Monthly Usage (000s Gallons)6.9 7.8 8.4 6.1 1.0 1.0 1.0 1.0 1.0 1.0 1.0 Residential Multi Family 6 Annual Account Growth N/A 2 (1)(0)0 0 0 0 0 0 0 7 Average Accounts Served During Year 1 3 2 2 2 2 2 2 2 2 2 8 Equivalent Residential Connections (ERCs)1 3 2 2 2 2 2 2 2 2 2 9 Reclaimed Water Revenue Gallons (000s Gallons)427 268 83 5 24 24 24 24 24 24 24 10 Average Monthly Usage (000s Gallons)35.6 8.6 3.5 0.2 1.1 1.1 1.1 1.1 1.1 1.1 1.1 Commercial 11 Annual Account Growth N/A 2 7 2 8 0 0 0 0 0 0 12 Average Accounts Served During Year 34 36 43 45 53 53 53 53 53 53 53 13 Equivalent Residential Connections (ERCs)34 36 61 45 53 53 53 53 53 53 53 14 Reclaimed Water Revenue Gallons (000s Gallons)0 0 385 387 1,024 1,024 1,024 1,024 1,024 1,024 1,024 15 Additional Acreage (Above 1 in Base)0 0 217 358 358 358 358 358 358 358 358 16 Average Monthly Usage (000s Gallons)0.0 0.0 0.5 0.7 1.6 1.6 1.6 1.6 1.6 1.6 1.6 Total Inside the City 17 Annual Account Growth N/A 94 19 (31)35 5 5 5 5 5 5 18 Average Accounts Served During Year 2,968 3,062 3,081 3,050 3,085 3,090 3,095 3,100 3,105 3,110 3,115 19 Equivalent Residential Connections (ERCs)2,969 3,062 3,099 3,050 3,085 3,090 3,095 3,100 3,105 3,110 3,115 20 Reclaimed Water Revenue Gallons (000s Gallons)242,950 283,811 307,432 218,718 37,562 37,623 37,683 37,743 37,803 37,864 37,924 21 Average Monthly Usage (000s Gallons)6.8 7.7 8.3 6.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 OUTSIDE THE CITY Residential Single Family 22 Annual Account Growth N/A 0 1 (1)0 0 0 0 0 0 0 23 Average Accounts Served During Year 0 0 1 0 0 0 0 0 0 0 0 24 Equivalent Residential Connections (ERCs)0 0 1 0 0 0 0 0 0 0 0 25 Reclaimed Water Revenue Gallons (000s Gallons)0 0 0 0 0 0 0 0 0 0 0 26 Average Monthly Usage (000s Gallons)0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total Outside the City 27 Annual Account Growth N/A 0 1 (1)0 0 0 0 0 0 0 28 Average Accounts Served During Year 0 0 1 0 0 0 0 0 0 0 0 29 Equivalent Residential Connections (ERCs)0 0 1 0 0 0 0 0 0 0 0 30 Reclaimed Water Revenue Gallons (000s Gallons)0 0 0 0 0 0 0 0 0 0 0 31 Average Monthly Usage (000s Gallons)0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL RETAIL RECLAIMED WATER SYSTEM 32 Annual Account Growth N/A 94 20 (32)35 5 5 5 5 5 5 33 Average Accounts Served During Year 2,968 3,062 3,082 3,050 3,085 3,090 3,095 3,100 3,105 3,110 3,115 34 Equivalent Residential Connections (ERCs)2,969 3,062 3,100 3,050 3,085 3,090 3,095 3,100 3,105 3,110 3,115 35 Reclaimed Water Revenue Gallons (000s Gallons)242,950 283,811 307,432 218,718 37,563 37,623 37,683 37,743 37,803 37,864 37,924 36 Average Monthly Usage (000s Gallons)6.8 7.7 8.3 6.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 Page 1 of 1 Table 1-4 City of Edgewater, Florida Water and Wastwater Utility Rate Study Summary of Projected Water Rate Revenues Under Existing Rates Line Fiscal Year Ended September 30,Projected Fiscal Year Ending September 30, No.Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 INSIDE THE CITY Residential Single Family 1 Base Charge Revenue $1,050,769 $1,110,273 $1,183,425 $1,256,190 $1,330,321 $1,457,858 $1,601,673 $1,614,201 $1,626,729 $1,639,257 $1,651,785 $1,664,313 2 Usage Charge Revenue 1,419,631 1,474,426 1,581,633 1,712,696 1,670,382 1,800,980 1,819,108 1,833,338 1,847,567 1,861,797 1,876,027 1,890,256 3 Total Residential Single Family $2,470,400 $2,584,700 $2,765,058 $2,968,886 $3,000,704 $3,258,838 $3,420,781 $3,447,538 $3,474,296 $3,501,054 $3,527,812 $3,554,569 Residential Multi Family 4 Base Charge Revenue $50,136 $55,047 $58,026 $61,667 $64,701 $70,320 $70,320 $70,320 $70,320 $70,320 $70,320 $70,320 5 Usage Charge Revenue 60,476 64,857 64,312 38,210 42,976 45,153 45,220 45,220 45,220 45,220 45,220 45,220 6 Total Residential Multi Family $110,611 $119,903 $122,339 $99,876 $107,677 $115,473 $115,540 $115,540 $115,540 $115,540 $115,540 $115,540 Commercial 7 Base Charge Revenue $110,642 $112,645 $122,608 $134,662 $145,767 $165,257 $180,970 $181,805 $182,641 $183,476 $184,311 $185,146 8 Usage Charge Revenue 195,824 208,782 223,126 300,750 292,068 374,977 377,955 379,925 381,895 383,865 385,835 387,804 9 Total Commercial $306,466 $321,427 $345,734 $435,411 $437,836 $540,234 $558,925 $561,730 $564,535 $567,340 $570,146 $572,951 Total Inside the City Water Revenues 10 Base Charge Revenue $1,211,546 $1,277,965 $1,364,059 $1,452,518 $1,540,789 $1,693,434 $1,852,963 $1,866,326 $1,879,689 $1,893,053 $1,906,416 $1,919,779 11 Usage Charge Revenue 1,675,931 1,748,065 1,869,072 2,051,655 2,005,427 2,221,110 2,242,283 2,258,483 2,274,682 2,290,882 2,307,081 2,323,281 12 Total Inside the City Water Revenues $2,887,477 $3,026,030 $3,233,131 $3,504,173 $3,546,216 $3,914,544 $4,095,246 $4,124,809 $4,154,372 $4,183,935 $4,213,497 $4,243,060 OUTSIDE THE CITY Residential Single Family 13 Base Charge Revenue $105,878 $109,789 $115,105 $123,076 $131,630 $143,539 $198,265 $198,265 $198,265 $198,265 $198,265 $198,265 14 Usage Charge Revenue 126,871 135,561 142,695 169,073 171,404 249,865 317,836 317,836 317,836 317,836 317,836 317,836 15 Total Residential Single Family $232,749 $245,349 $257,800 $292,148 $303,034 $393,404 $516,101 $516,101 $516,101 $516,101 $516,101 $516,101 Commercial 16 Base Charge Revenue $2,102 $2,370 $2,227 $1,291 $932 $1,070 $1,166 $1,166 $1,166 $1,166 $1,166 $1,166 17 Usage Charge Revenue 5,814 1,518 2,233 3,418 2,478 3,370 3,380 3,380 3,380 3,380 3,380 3,380 18 Total Commercial $7,916 $3,888 $4,460 $4,709 $3,410 $4,440 $4,547 $4,547 $4,547 $4,547 $4,547 $4,547 Volusia County 19 Base Charge Revenue $333 $333 $333 $333 $333 $333 $333 $333 $333 $333 $333 $333 20 Usage Charge Revenue 370,042 410,575 612,875 649,236 569,961 683,303 660,268 660,268 660,268 660,268 660,268 660,268 21 Total Volusia County $370,375 $410,907 $613,208 $649,568 $570,294 $683,635 $660,601 $660,601 $660,601 $660,601 $660,601 $660,601 Total Outside the City Water Revenues 22 Base Charge Revenue $108,313 $112,491 $117,664 $124,699 $132,895 $144,942 $199,765 $199,765 $199,765 $199,765 $199,765 $199,765 23 Usage Charge Revenue 502,727 547,654 757,804 821,726 743,843 936,538 981,484 981,484 981,484 981,484 981,484 981,484 24 Total Outside the City Water Revenues $611,040 $660,145 $875,468 $946,425 $876,738 $1,081,480 $1,181,248 $1,181,248 $1,181,248 $1,181,248 $1,181,248 $1,181,248 Total Retail Water Revenues 25 Base Charge Revenue $1,319,859 $1,390,456 $1,481,723 $1,577,218 $1,673,684 $1,838,376 $2,052,728 $2,066,091 $2,079,454 $2,092,817 $2,106,180 $2,119,544 26 Usage Charge Revenue 2,178,658 2,295,718 2,626,875 2,873,381 2,749,270 3,157,648 3,223,767 3,239,967 3,256,166 3,272,366 3,288,565 3,304,765 27 Revenue Adjustment = -3.00%(26,239)(101,370)(164,344)(289,289)(132,689)(149,881)(158,295)(159,182)(160,069)(160,955)(161,842)(162,729) 28 Total Retail Water Revenues $3,472,278 $3,584,805 $3,944,255 $4,161,310 $4,290,266 $4,846,143 $5,118,200 $5,146,876 $5,175,552 $5,204,227 $5,232,903 $5,261,579 29 Total Rate Revenues $3,472,278 $3,584,805 $3,944,255 $4,161,310 $4,290,266 $4,846,143 $5,118,200 $5,146,876 $5,175,552 $5,204,227 $5,232,903 $5,261,579 Page 1 of 1 Table 1-5 City of Edgewater, Florida Water and Wastwater Utility Rate Study Summary of Projected Wastewater Rate Revenues Under Existing Rates Line Historical Projected Fiscal Year Ending September 30, No.Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 INSIDE THE CITY Residential Single Family 1 Base Charge Revenue $1,439,616 $1,540,790 $1,642,664 $1,742,795 $1,899,220 $2,076,676 $2,282,014 $2,300,194 $2,318,374 $2,336,554 $2,354,734 $2,372,914 2 Usage Charge Revenue 2,009,398 2,063,901 2,222,641 2,334,575 2,420,078 2,608,849 2,667,138 2,688,386 2,709,635 2,730,884 2,752,133 2,773,382 3 Total Residential Single Family $3,449,014 $3,604,691 $3,865,305 $4,077,370 $4,319,298 $4,685,525 $4,949,152 $4,988,581 $5,028,010 $5,067,438 $5,106,867 $5,146,296 Residential Multi Family 4 Base Charge Revenue $69,947 $78,400 $83,184 $83,903 $96,887 $105,619 $115,110 $115,110 $115,110 $115,110 $115,110 $115,110 5 Usage Charge Revenue 105,209 109,354 105,021 105,844 128,499 134,356 136,263 136,263 136,263 136,263 136,263 136,263 6 Total Residential Multi Family $175,155 $187,754 $188,205 $189,747 $225,386 $239,974 $251,373 $251,373 $251,373 $251,373 $251,373 $251,373 Commercial 7 Base Charge Revenue $130,217 $137,108 $147,840 $76,797 $179,289 $198,008 $217,048 $218,260 $219,472 $220,684 $221,896 $223,108 8 Usage Charge Revenue 177,838 198,881 206,122 238,537 263,984 295,844 301,850 303,656 305,462 307,268 309,074 310,880 9 Total Commercial $308,055 $335,988 $353,962 $315,334 $443,273 $493,852 $518,898 $521,916 $524,934 $527,952 $530,970 $533,988 Total Inside the City Wastewater Revenues 10 Base Charge Revenue $1,639,780 $1,756,298 $1,873,688 $1,903,494 $2,175,396 $2,380,302 $2,614,172 $2,633,564 $2,652,956 $2,672,348 $2,691,740 $2,711,132 11 Usage Charge Revenue 2,292,445 2,372,135 2,533,784 2,678,956 2,812,562 3,039,050 3,105,251 3,128,306 3,151,361 3,174,415 3,197,470 3,220,525 12 Total Inside the City Wastewater Revenues $3,932,225 $4,128,433 $4,407,472 $4,582,450 $4,987,957 $5,419,352 $5,719,423 $5,761,870 $5,804,317 $5,846,764 $5,889,210 $5,931,657 OUTSIDE THE CITY Residential Single Family 13 Base Charge Revenue $60,701 $63,329 $67,123 $70,949 $76,806 $83,469 $90,965 $90,965 $90,965 $90,965 $90,965 $90,965 14 Usage Charge Revenue 49,944 57,161 58,703 63,823 67,141 72,726 73,723 73,723 73,723 73,723 73,723 73,723 15 Total Residential Single Family $110,645 $120,490 $125,826 $134,772 $143,947 $156,195 $164,688 $164,688 $164,688 $164,688 $164,688 $164,688 Commercial 16 Base Charge Revenue $685 $1,042 $920 $221 $0 $834 $909 $909 $909 $909 $909 $909 17 Usage Charge Revenue 381 360 225 451 0 505 512 512 512 512 512 512 18 Total Commercial $1,065 $1,402 $1,145 $672 $0 $1,339 $1,421 $1,421 $1,421 $1,421 $1,421 $1,421 Total Outside the City Water Revenues 19 Base Charge Revenue $61,386 $64,371 $68,043 $71,170 $76,806 $84,302 $91,874 $91,874 $91,874 $91,874 $91,874 $91,874 20 Usage Charge Revenue 50,324 57,521 58,928 64,275 67,141 73,232 74,235 74,235 74,235 74,235 74,235 74,235 21 Total Total Outside the City Water Revenues $111,710 $121,892 $126,971 $135,444 $143,947 $157,534 $166,108 $166,108 $166,108 $166,108 $166,108 $166,108 Total Wastewater Revenues 22 Base Charge Revenue 1,701,166 1,820,668 1,941,731 1,974,664 2,252,202 2,464,605 2,706,046 2,725,438 2,744,830 2,764,222 2,783,614 2,803,006 23 Usage Charge Revenue 2,342,769 2,429,656 2,592,712 2,743,230 2,879,703 3,112,281 3,179,486 3,202,541 3,225,595 3,248,650 3,271,705 3,294,759 24 Revenue Adjustment - -1.50%0 (10,626)0 0 0 (83,653)(88,283)(88,920)(89,556)(90,193)(90,830)(91,466) 25 Total Wastewater Revenues $4,043,935 $4,239,699 $4,534,443 $4,717,895 $5,131,904 $5,493,233 $5,797,249 $5,839,059 $5,880,869 $5,922,679 $5,964,489 $6,006,299 26 Total Rate Revenues $4,043,935 $4,239,699 $4,534,443 $4,717,895 $5,131,904 $5,493,233 $5,797,249 $5,839,059 $5,880,869 $5,922,679 $5,964,489 $6,006,299 Page 1 of 1 Table 1-6 City of Edgewater, Florida Water and Wastwater Utility Rate Study Summary of Historical and Projected Reclaimed Water Rate Revenues Line Historical Projected Fiscal Year Ending September 30, No.Description 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 INSIDE THE CITY Residential Single Family 1 Base Charge Revenue $334,372 $344,603 $346,115 $342,319 $345,420 $345,990 $346,560 $347,130 $347,700 $348,270 $348,840 2 Usage Charge Revenue 17,269 20,163 24,784 14,237 0 0 0 0 0 0 0 3 Total Residential Single Family $351,641 $364,766 $370,900 $356,556 $345,420 $345,990 $346,560 $347,130 $347,700 $348,270 $348,840 Residential Multi Family 4 Base Charge Revenue $114 $295 $228 $217 $217 $217 $217 $217 $217 $217 $217 5 Usage Charge Revenue 38 24 2 0 0 0 0 0 0 0 0 6 Total Residential Multi Family $152 $318 $230 $217 $217 $217 $217 $217 $217 $217 $217 Commercial 7 Base Charge Revenue $3,876 $4,138 $4,902 $5,130 $6,042 $6,042 $6,042 $6,042 $6,042 $6,042 $6,042 8 Additional Acreage Charges 0 0 2,060 3,404 3,404 3,404 3,404 3,404 3,404 3,404 3,404 9 Total Commercial $3,876 $4,138 $6,962 $8,534 $9,446 $9,446 $9,446 $9,446 $9,446 $9,446 $9,446 Total Inside the City Reclaimed Water Revenues 10 Base Charge Revenue $338,362 $349,036 $351,245 $347,666 $351,679 $352,249 $352,819 $353,389 $353,959 $354,529 $355,099 11 Usage Charge Revenue 17,307 20,187 24,786 14,237 0 0 0 0 0 0 0 12 Additional Acreage Charges 0 0 2,060 3,404 3,404 3,404 3,404 3,404 3,404 3,404 3,404 13 Total Total Inside the City Reclaimed Water Revenues$355,669 $369,223 $378,092 $365,307 $355,083 $355,653 $356,223 $356,793 $357,363 $357,933 $358,503 OUTSIDE THE CITY Residential Single Family 14 Base Charge Revenue $0 $133 $114 $0 $0 $0 $0 $0 $0 $0 $0 15 Usage Charge Revenue 0 0 0 0 0 0 0 0 0 0 0 16 Total Residential Single Family $0 $133 $114 $0 $0 $0 $0 $0 $0 $0 $0 Total Outside the City Water Revenues 17 Base Charge Revenue $0 $133 $114 $0 $0 $0 $0 $0 $0 $0 $0 18 Usage Charge Revenue 0 0 0 0 0 0 0 0 0 0 0 19 Additional Acreage Charges 0 0 0 0 0 0 0 0 0 0 0 20 Total Total Outside the City Water Revenues $0 $133 $114 $0 $0 $0 $0 $0 $0 $0 $0 Total Reclaimed Water Revenues 21 Base Charge Revenue $338,362 $349,169 $351,359 $347,666 $351,679 $352,249 $352,819 $353,389 $353,959 $354,529 $355,099 22 Usage Charge Revenue 17,307 20,187 24,786 14,237 0 0 0 0 0 0 0 23 Additional Acreage Charges 0 0 2,060 3,404 3,404 3,404 3,404 3,404 3,404 3,404 3,404 24 Revenue Adjustment - 0.00%1,778 (7,387)(5,642)0 0 0 0 0 0 0 0 25 Total Total Reclaimed Water Revenues $357,447 $361,969 $372,564 $365,307 $355,083 $355,653 $356,223 $356,793 $357,363 $357,933 $358,503 26 Total Rate Revenues $357,447 $361,969 $372,564 $365,307 $355,083 $355,653 $356,223 $356,793 $357,363 $357,933 $358,503 Page 1 of 5 Table 1-7 City of Edgewater, Florida Water and Wastewater Utility Rate Study Allocation of Fiscal Year 2020 Operating Budget [1] Line Budget Adjusted Allocation Allocation Percentages Allocated Amounts No.Cost Center Code Description 2020 Adjustments 2020 Factor Water Wastewater Water Wastewater 440-4010-539 Administration Department 1 440-4010-539.12-10 Regular Salaries $350,147 $0 $350,147 Adm Salary 43.20%56.80%$151,254 $198,893 2 AddPerAdmin Additional Personnel 0 0 0 Input 0.00%0.00%0 0 3 440-4010-539.14-10 Overtime 7,509 0 7,509 Adm Salary 43.20%56.80%3,244 4,265 4 440-4010-539.15-30 Cell Phone 2,400 0 2,400 Adm Salary 43.20%56.80%1,037 1,363 5 440-4010-539.15-60 Boot Allowance 125 0 125 Adm Salary 43.20%56.80%54 71 6 440-4010-539.21-10 FICA Taxes 16,364 0 16,364 Adm Salary 43.20%56.80%7,069 9,295 7 440-4010-539.21-20 Medicare 3,827 0 3,827 Adm Salary 43.20%56.80%1,653 2,174 8 440-4010-539.22-10 Retirement Contributions 0 0 0 Adm Salary 43.20%56.80%0 0 9 440-4010-539.22-20 DCSE 31,629 0 31,629 Adm Salary 43.20%56.80%13,663 17,966 10 440-4010-539.23-10 Life Insurance 1,202 0 1,202 Adm Salary 43.20%56.80%519 683 11 440-4010-539.23-20 Group Medical Insurance 64,465 0 64,465 Adm Salary 43.20%56.80%27,847 36,618 12 440-4010-539.23-21 HSA Employer Contribution 1,500 0 1,500 Adm Salary 43.20%56.80%648 852 13 440-4010-539.23-22 HRA Employer Contribution 1,000 0 1,000 Adm Salary 43.20%56.80%432 568 14 440-4010-539.23-30 Dental Insurance 2,294 0 2,294 Adm Salary 43.20%56.80%991 1,303 15 440-4010-539.23-40 Long Term Disability 2,162 0 2,162 Adm Salary 43.20%56.80%934 1,228 16 440-4010-539.23-60 Broker & Admin. Fees 1,562 0 1,562 Adm Salary 43.20%56.80%675 887 17 440-4010-539.23-90 OPEB Expense 0 0 0 Adm Salary 43.20%56.80%0 0 18 440-4010-539.24-10 Worker's Compensation 431 0 431 Adm Salary 43.20%56.80%186 245 19 Subtotal Personnel Expenses $486,617 $0 $486,617 43.20%56.80%$210,205 $276,412 Operating Expenses 20 440-4010-539.34-10 Other Contractual Service $3,504 $0 $3,504 Adm Salary 43.20%56.80%$1,514 $1,990 21 440-4010-539.40-10 Travel & Per Diem 3,900 0 3,900 Adm Salary 43.20%56.80%1,685 2,215 22 440-4010-539.41-10 Telephone / Cellular 435 0 435 Adm Salary 43.20%56.80%188 247 23 440-4010-539.41-20 Internet / VOIP / Network 5,400 0 5,400 Adm Salary 43.20%56.80%2,333 3,067 24 440-4010-539.41-40 Postage 0 0 0 Adm Salary 43.20%56.80%0 0 25 440-4010-539.43-10 Electric 4,223 0 4,223 Adm Salary 43.20%56.80%1,824 2,399 26 440-4010-539.46-10 Repair & Maintenance 2,300 0 2,300 Adm Salary 43.20%56.80%994 1,306 27 440-4010-539.46-20 Fleet Charges 1,201 0 1,201 Adm Salary 43.20%56.80%519 682 28 440-4010-539.47-20 Copier 5,900 0 5,900 Adm Salary 43.20%56.80%2,549 3,351 29 440-4010-539.49-01 Cost Allocation [2]541,781 0 541,781 Adm Salary 43.20%56.80%234,034 307,747 30 440-4010-539.49-10 Other Charges/Obligations 200 0 200 Adm Salary 43.20%56.80%86 114 31 440-4010-539.49-40 PILOFF Water & Sewer [3]333,694 (333,694)0 Adm Salary 43.20%56.80%0 0 32 440-4010-539.51-10 Office Supplies 1,500 0 1,500 Adm Salary 43.20%56.80%648 852 33 440-4010-539.52-10 Operating Supplies 2,000 0 2,000 Adm Salary 43.20%56.80%864 1,136 34 440-4010-539.52-20 Unleaded & Diesel 1,628 0 1,628 Adm Salary 43.20%56.80%703 925 35 440-4010-539.52-30 Uniforms 1,025 0 1,025 Adm Salary 43.20%56.80%443 582 36 440-4010-539.54-10 Books, Pubs, Subs, & Mem 8,267 0 8,267 Adm Salary 43.20%56.80%3,571 4,696 37 440-4010-539.54-20 Educational Development 3,950 0 3,950 Adm Salary 43.20%56.80%1,706 2,244 38 Subtotal Operating Expenses $920,908 ($333,694)$587,214 43.20%56.80%$253,660 $333,554 39 Total Administration Department $1,407,525 ($333,694)$1,073,831 43.20%56.80%$463,864 $609,967 440-4030-533 Water Department 40 440-4030-533.12-10 Regular Salaries $488,675 $0 $488,675 Direct-W 100.00%0.00%$488,675 $0 41 AddPerWater Additional Personnel 0 0 0 Input 0.00%0.00%0 0 42 440-4030-533.12-20 DC ICMA 14,469 0 14,469 Direct-W 100.00%0.00%14,469 0 43 440-4030-533.14-10 Overtime / Other Salaries 31,346 0 31,346 Direct-W 100.00%0.00%31,346 0 44 440-4030-533.15-30 Cell Phone 900 0 900 Direct-W 100.00%0.00%900 0 45 440-4030-533.15-60 Boot Allowance 1,250 0 1,250 Direct-W 100.00%0.00%1,250 0 46 440-4030-533.21-10 FICA Taxes 27,160 0 27,160 Direct-W 100.00%0.00%27,160 0 47 440-4030-533.21-20 Medicare 6,352 0 6,352 Direct-W 100.00%0.00%6,352 0 48 440-4030-533.22-10 Retirement Contributions 0 0 0 Direct-W 100.00%0.00%0 0 49 440-4030-533.22-20 DCSE 40,842 0 40,842 Direct-W 100.00%0.00%40,842 0 50 440-4030-533.23-10 Life Insurance 2,102 0 2,102 Direct-W 100.00%0.00%2,102 0 51 440-4030-533.23-20 Group Medical Insurance 129,604 0 129,604 Direct-W 100.00%0.00%129,604 0 52 440-4030-533.23-21 HSA Employer Contribution 8,400 0 8,400 Direct-W 100.00%0.00%8,400 0 53 440-4030-533.23-22 HRA Employer Contribution 750 0 750 Direct-W 100.00%0.00%750 0 54 440-4030-533.23-30 Dental Insurance 3,078 0 3,078 Direct-W 100.00%0.00%3,078 0 55 440-4030-533.23-40 Long Term Disability 3,794 0 3,794 Direct-W 100.00%0.00%3,794 0 56 440-4030-533.23-60 Broker & Admin. Fees 3,163 0 3,163 Direct-W 100.00%0.00%3,163 0 57 440-4030-533.23-90 OPEB Expense 0 4,759 4,759 Direct-W 100.00%0.00%4,759 0 58 440-4030-533.24-10 Worker's Compensation 15,120 0 15,120 Direct-W 100.00%0.00%15,120 0 59 Subtotal Personnel Expenses $777,005 $4,759 $781,764 100.00%0.00%$781,764 $0 Operating Expenses 60 440-4030-533.31-10 Professional Services $56,950 $0 $56,950 Direct-W 100.00%0.00%$56,950 $0 61 440-4030-533.34-10 Other Contractual Service 117,865 0 117,865 Direct-W 100.00%0.00%117,865 0 62 440-4030-533.40-10 Travel & Per Diem 800 0 800 Direct-W 100.00%0.00%800 0 63 440-4030-533.41-10 Telephone 220 0 220 Direct-W 100.00%0.00%220 0 64 440-4030-533.41-11 Cell Phone 0 0 0 Direct-W 100.00%0.00%0 0 65 440-4030-533.41-15 Cellular 35 0 35 Direct-W 100.00%0.00%35 0 66 440-4030-533.41-20 Internet / VOIP / Network 2,100 0 2,100 Direct-W 100.00%0.00%2,100 0 67 440-4030-533.41-30 Legal Ads 0 0 0 Direct-W 100.00%0.00%0 0 68 440-4030-533.41-40 Postage 14,475 0 14,475 Direct-W 100.00%0.00%14,475 0 69 440-4030-533.43-10 Electric 157,796 0 157,796 Direct-W 100.00%0.00%157,796 0 70 440-4030-533.44-10 Rent 1,310 0 1,310 Direct-W 100.00%0.00%1,310 0 Page 2 of 5 Table 1-7 City of Edgewater, Florida Water and Wastewater Utility Rate Study Allocation of Fiscal Year 2020 Operating Budget [1] Line Budget Adjusted Allocation Allocation Percentages Allocated Amounts No.Cost Center Code Description 2020 Adjustments 2020 Factor Water Wastewater Water Wastewater 71 440-4030-533.46-10 Repair & Maintenance 71,357 0 71,357 Direct-W 100.00%0.00%71,357 0 72 440-4030-533.46-20 Fleet Charges 2,401 0 2,401 Direct-W 100.00%0.00%2,401 0 73 440-4030-533.47-10 Printing & Binding 1,833 0 1,833 Direct-W 100.00%0.00%1,833 0 74 440-4030-533.47-20 Copier 1,400 0 1,400 Direct-W 100.00%0.00%1,400 0 75 440-4030-533.48-10 Promotional Activities 5,175 0 5,175 Direct-W 100.00%0.00%5,175 0 76 440-4030-533.49-01 Cost Allocation [2]155,175 0 155,175 Direct-W 100.00%0.00%155,175 0 77 440-4030-533.49-10 Other Charges/Obligations 21,600 0 21,600 Direct-W 100.00%0.00%21,600 0 78 440-4030-533.49-40 PILOFF Water & Sewer [3]117,208 (117,208)0 Direct-W 100.00%0.00%0 0 79 440-4030-533.51-10 Office Supplies 650 0 650 Direct-W 100.00%0.00%650 0 80 440-4030-533.52-10 Operating Supplies 28,050 0 28,050 Direct-W 100.00%0.00%28,050 0 81 440-4030-533.52-20 Unleaded & Diesel 4,774 0 4,774 Direct-W 100.00%0.00%4,774 0 82 440-4030-533.52-25 Bulk Fuel 7,000 0 7,000 Direct-W 100.00%0.00%7,000 0 83 440-4030-533.52-30 Uniforms 2,075 0 2,075 Direct-W 100.00%0.00%2,075 0 84 440-4030-533.52-50 Chemical 436,282 0 436,282 Direct-W 100.00%0.00%436,282 0 85 440-4030-533.54-10 Books, Pubs, Subs, & Mem 1,120 0 1,120 Direct-W 100.00%0.00%1,120 0 86 440-4030-533.54-20 Educational Development 1,075 0 1,075 Direct-W 100.00%0.00%1,075 0 87 Subtotal Operating Expenses $1,208,726 ($117,208)$1,091,518 100.00%0.00%$1,091,518 $0 88 Total Water Department $1,985,731 ($112,449)$1,873,282 100.00%0.00%$1,873,282 $0 440-4040-535 Wastewater Department 89 440-4040-535.12-10 Regular Salaries $635,856 $0 $635,856 Direct-S 0.00%100.00%$0 $635,856 90 AddPerWastewater Additional Personnel 0 0 0 Input 0.00%0.00%0 0 91 440-4040-535.13-10 Other Salaries 0 0 0 Direct-S 0.00%100.00%0 0 92 440-4040-535.14-10 Overtime 61,568 0 61,568 Direct-S 0.00%100.00%0 61,568 93 440-4040-535.15-30 Cell Phone 1,692 0 1,692 Direct-S 0.00%100.00%0 1,692 94 440-4040-535.15-40 Insurance Payback 4,800 0 4,800 Direct-S 0.00%100.00%0 4,800 95 440-4040-535.15-60 Boot Allowance 1,500 0 1,500 Direct-S 0.00%100.00%0 1,500 96 440-4040-535.21-10 FICA Taxes 36,008 0 36,008 Direct-S 0.00%100.00%0 36,008 97 440-4040-535.21-20 Medicare 8,421 0 8,421 Direct-S 0.00%100.00%0 8,421 98 440-4040-535.22-10 Retirement Contributions 0 0 0 Direct-S 0.00%100.00%0 0 99 440-4040-535.22-20 DCSE 71,082 0 71,082 Direct-S 0.00%100.00%0 71,082 100 440-4040-535.23-10 Life Insurance 2,701 0 2,701 Direct-S 0.00%100.00%0 2,701 101 440-4040-535.23-20 Group Medical Insurance 131,391 0 131,391 Direct-S 0.00%100.00%0 131,391 102 440-4040-535.23-21 HSA Employer Contribution 1,300 0 1,300 Direct-S 0.00%100.00%0 1,300 103 440-4040-535.23-22 HRA Employer Contribution 2,000 0 2,000 Direct-S 0.00%100.00%0 2,000 104 440-4040-535.23-30 Dental Insurance 3,780 0 3,780 Direct-S 0.00%100.00%0 3,780 105 440-4040-535.23-40 Long Term Disability 4,880 0 4,880 Direct-S 0.00%100.00%0 4,880 106 440-4040-535.23-60 Broker & Admin. Fees 3,597 0 3,597 Direct-S 0.00%100.00%0 3,597 107 440-4040-535.23-90 OPEB 0 5,646 5,646 Direct-S 0.00%100.00%0 5,646 108 440-4040-535.24-10 Worker's Compensation 15,351 0 15,351 Direct-S 0.00%100.00%0 15,351 109 Subtotal Personnel Expenses $985,927 $5,646 $991,573 0.00%100.00%$0 $991,573 Operating Expenses 110 440-4040-535.31-10 Professional Services $45,000 $0 $45,000 Direct-S 0.00%100.00%$0 $45,000 111 440-4040-535.34-10 Other Contractual Service 243,101 0 243,101 Direct-S 0.00%100.00%0 243,101 112 440-4040-535.40-10 Travel & Per Diem 2,950 0 2,950 Direct-S 0.00%100.00%0 2,950 113 440-4040-535.41-10 Telephone 0 0 0 Direct-S 0.00%100.00%0 0 114 440-4040-535.41-15 Cellular 5 0 5 Direct-S 0.00%100.00%0 5 115 440-4040-535.41-20 Internet / VOIP / Network 2,750 0 2,750 Direct-S 0.00%100.00%0 2,750 116 440-4040-535.41-30 Legal Ads 0 0 0 Direct-S 0.00%100.00%0 0 117 440-4040-535.41-40 Postage 14,475 0 14,475 Direct-S 0.00%100.00%0 14,475 118 440-4040-535.43-10 Electric 187,460 0 187,460 Direct-S 0.00%100.00%0 187,460 119 440-4040-535.43-30 Water / Sewer / Trash 12,798 0 12,798 Direct-S 0.00%100.00%0 12,798 120 440-4040-535.44-10 Rent 6,000 0 6,000 Direct-S 0.00%100.00%0 6,000 121 440-4040-535.46-10 Repair & Maintenance 192,243 0 192,243 Direct-S 0.00%100.00%0 192,243 122 440-4040-535.46-20 Fleet Charges 4,102 0 4,102 Direct-S 0.00%100.00%0 4,102 123 440-4040-535.47-10 Printing & Binding 5,333 0 5,333 Direct-S 0.00%100.00%0 5,333 124 440-4040-535.47-20 Copier 1,400 0 1,400 Direct-S 0.00%100.00%0 1,400 125 440-4040-535.48-10 Promotional Activities 1,550 0 1,550 Direct-S 0.00%100.00%0 1,550 126 440-4040-535.49-01 Cost Allocation [2]146,552 0 146,552 Direct-S 0.00%100.00%0 146,552 127 440-4040-535.49-10 Other Charges/Obligations 6,400 0 6,400 Direct-S 0.00%100.00%0 6,400 128 440-4040-535.49-40 PILOFF Water & Sewer [3]121,555 (121,555)0 Direct-S 0.00%100.00%0 0 129 440-4040-535.51-10 Office Supplies 1,000 0 1,000 Direct-S 0.00%100.00%0 1,000 130 440-4040-535.52-10 Operating Supplies 48,060 0 48,060 Direct-S 0.00%100.00%0 48,060 131 440-4040-535.52-20 Unleaded & Diesel 2,553 0 2,553 Direct-S 0.00%100.00%0 2,553 132 440-4040-535.52-25 Bulk Fuel 3,500 0 3,500 Direct-S 0.00%100.00%0 3,500 133 440-4040-535.52-30 Uniforms 2,825 0 2,825 Direct-S 0.00%100.00%0 2,825 134 440-4040-535.52-50 Chemical 166,162 0 166,162 Direct-S 0.00%100.00%0 166,162 135 440-4040-535.54-10 Books, Pubs, Subs, & Mem 300 0 300 Direct-S 0.00%100.00%0 300 136 440-4040-535.54-20 Educational Development 4,400 0 4,400 Direct-S 0.00%100.00%0 4,400 137 Subtotal Operating Expenses $1,222,474 ($121,555)$1,100,919 0.00%100.00%$0 $1,100,919 138 Total Wastewater Department $2,208,401 ($115,910)$2,092,492 0.00%100.00%$0 $2,092,492 440-4050-539 Wastewater Collections 139 440-4050-539.12-10 Regular Salaries $188,864 $0 $188,864 Direct-S 0.00%100.00%$0 $188,864 140 AddPerCollections Additional Personnel 0 0 0 Input 0.00%0.00%0 0 Page 3 of 5 Table 1-7 City of Edgewater, Florida Water and Wastewater Utility Rate Study Allocation of Fiscal Year 2020 Operating Budget [1] Line Budget Adjusted Allocation Allocation Percentages Allocated Amounts No.Cost Center Code Description 2020 Adjustments 2020 Factor Water Wastewater Water Wastewater 141 440-4050-539.14-10 Overtime 16,078 0 16,078 Direct-S 0.00%100.00%0 16,078 142 440-4050-539.15-30 Cell Phone 423 0 423 Direct-S 0.00%100.00%0 423 143 440-4050-539.15-60 Boot Allowance 500 0 500 Direct-S 0.00%100.00%0 500 144 440-4050-539.21-10 FICA Taxes 11,285 0 11,285 Direct-S 0.00%100.00%0 11,285 145 440-4050-539.21-20 Medicare 2,640 0 2,640 Direct-S 0.00%100.00%0 2,640 146 440-4050-539.22-10 Retirement Contributions 0 0 0 Direct-S 0.00%100.00%0 0 147 440-4050-539.22-20 DCSE 22,164 0 22,164 Direct-S 0.00%100.00%0 22,164 148 440-4050-539.23-10 Life Insurance 842 0 842 Direct-S 0.00%100.00%0 842 149 440-4050-539.23-20 Group Medical Insurance 60,140 0 60,140 Direct-S 0.00%100.00%0 60,140 150 440-4050-539.23-21 HRA Employer Contribution 3,150 0 3,150 Direct-S 0.00%100.00%0 3,150 151 440-4050-539.23-22 HRA Employer Contribution 250 0 250 Direct-S 0.00%100.00%0 250 152 440-4050-539.23-30 Dental Insurance 1,486 0 1,486 Direct-S 0.00%100.00%0 1,486 153 440-4050-539.23-40 Long Term Disability 1,526 0 1,526 Direct-S 0.00%100.00%0 1,526 154 440-4050-539.23-60 Broker & Admin. Fees 653 0 653 Direct-S 0.00%100.00%0 653 155 440-4050-539.23-90 OPEB Expense 0 1,632 1,632 Direct-S 0.00%100.00%0 1,632 156 440-4050-539.24-10 Worker's Compensation 4,205 0 4,205 Direct-S 0.00%100.00%0 4,205 157 Subtotal Personnel Expenses $314,206 $1,632 $315,838 0.00%100.00%$0 $315,838 Operating Expenses 158 440-4050-539.34-10 Other Contractual Service $213 $0 $213 Direct-S 0.00%100.00%$0 $213 159 440-4050-539.40-10 Travel & Per Diem 1,400 0 1,400 Direct-S 0.00%100.00%0 1,400 160 440-4050-539.41-10 Telephone 220 0 220 Direct-S 0.00%100.00%0 220 161 440-4050-539.41-15 Cellular 440 0 440 Direct-S 0.00%100.00%0 440 162 440-4050-539.41-20 Internet / Postage / VOIP / Network 2,050 0 2,050 Direct-S 0.00%100.00%0 2,050 163 440-4050-539.43-10 Electric 66,950 0 66,950 Direct-S 0.00%100.00%0 66,950 164 440-4050-539.43-30 Water / Sewer / Trash 671 0 671 Direct-S 0.00%100.00%0 671 165 440-4050-539.44-10 Rent 1,000 0 1,000 Direct-S 0.00%100.00%0 1,000 166 440-4050-539.46-10 Repair & Maintenance 80,000 0 80,000 Direct-S 0.00%100.00%0 80,000 167 440-4050-539.46-20 Fleet Charges 20,291 0 20,291 Direct-S 0.00%100.00%0 20,291 168 440-4050-539.47-10 Printing & Binding 0 0 0 Direct-S 0.00%100.00%0 0 169 440-4050-539.47-20 Copier 2,200 0 2,200 Direct-S 0.00%100.00%0 2,200 170 440-4050-539.49-01 Cost Allocation [2]52,791 0 52,791 Direct-S 0.00%100.00%0 52,791 171 440-4050-539.49-10 Other Charges/Obligations 2,150 0 2,150 Direct-S 0.00%100.00%0 2,150 172 440-4050-539.49-40 PILOFF Water & Sewer [3]32,653 (32,653)0 Direct-S 0.00%100.00%0 0 173 440-4050-539.51-10 Office Supplies 500 0 500 Direct-S 0.00%100.00%0 500 174 440-4050-539.52-10 Operating Supplies 14,500 0 14,500 Direct-S 0.00%100.00%0 14,500 175 440-4050-539.52-20 Unleaded & Diesel 17,719 0 17,719 Direct-S 0.00%100.00%0 17,719 176 440-4050-539.52-30 Uniforms 1,080 0 1,080 Direct-S 0.00%100.00%0 1,080 177 440-4050-539.52-50 Chemical 25,000 (15,000)10,000 Direct-S 0.00%100.00%0 10,000 178 440-4050-539.54-10 Books, Pubs, Subs, & Mem 0 0 0 Direct-S 0.00%100.00%0 0 179 440-4050-539.54-20 Educational Development 650 0 650 Direct-S 0.00%100.00%0 650 180 Subtotal Operating Expenses $322,478 ($47,653)$274,825 0.00%100.00%$0 $274,825 181 Total Wastewater Collections $636,684 ($46,022)$590,663 0.00%100.00%$0 $590,663 440-4080-539 Field Operations 182 440-4080-539.12-10 Regular Salaries $489,570 $0 $489,570 Lines 59.27%40.73%$290,155 $199,415 183 AddPerFieldOps Additional Personnel 0 0 0 Input 0.00%0.00%0 0 184 440-4080-539.12-20 DC ICMA 14,202 0 14,202 Lines 59.27%40.73%8,417 5,785 185 440-4080-539.14-10 Overtime 33,571 0 33,571 Lines 59.27%40.73%19,897 13,674 186 440-4080-539.15-30 Cell Phone 900 0 900 Lines 59.27%40.73%533 367 187 440-4080-539.15-60 Boot Allowance 1,500 0 1,500 Lines 59.27%40.73%889 611 188 440-4080-539.21-10 FICA Taxes 26,663 0 26,663 Lines 59.27%40.73%15,802 10,861 189 440-4080-539.21-20 Medicare 6,236 0 6,236 Lines 59.27%40.73%3,696 2,540 190 440-4080-539.22-20 DCSE 40,884 0 40,884 Lines 59.27%40.73%24,231 16,653 191 440-4080-539.23-10 Life Insurance 1,920 0 1,920 Lines 59.27%40.73%1,138 782 192 440-4080-539.23-20 Group Medical Insurance 146,764 0 146,764 Lines 59.27%40.73%86,983 59,781 193 440-4080-539.23-21 HSA Employer Contribution 4,650 0 4,650 Lines 59.27%40.73%2,756 1,894 194 440-4080-539.23-22 HRA Employer Contribution 1,750 0 1,750 Lines 59.27%40.73%1,037 713 195 440-4080-539.23-30 Dental Insurance 3,226 0 3,226 Lines 59.27%40.73%1,912 1,314 196 440-4080-539.23-40 Long Term Disability 3,803 0 3,803 Lines 59.27%40.73%2,254 1,549 197 440-4080-539.23-60 Broker & Admin. Fees 4,023 0 4,023 Lines 59.27%40.73%2,384 1,639 198 440-4080-539.23-90 OPEB Expense 0 4,421 4,421 Lines 59.27%40.73%2,620 1,801 199 440-4080-539.24-10 Worker's Compensation 15,070 0 15,070 Lines 59.27%40.73%8,932 6,138 200 Subtotal Personnel Costs $794,732 $4,421 $799,153 59.27%40.73%$473,636 $325,517 Operating Expenses 201 440-4080-539.34-10 Other Contractual Service $131,205 $0 $131,205 Lines 59.27%40.73%$77,762 $53,443 202 440-4080-539.40-10 Travel & Per Diem 3,963 0 3,963 Lines 59.27%40.73%2,349 1,614 203 440-4080-539.41-10 Telephone 0 0 0 Lines 59.27%40.73%0 0 204 440-4080-539.41-15 Cellular 880 0 880 Lines 59.27%40.73%522 358 205 440-4080-539.41-20 Internet / VOIP / Network 829 0 829 Lines 59.27%40.73%491 338 206 440-4080-539.41-40 Postage 0 0 0 Lines 59.27%40.73%0 0 207 440-4080-539.44-10 Rent 1,000 0 1,000 Lines 59.27%40.73%593 407 208 440-4080-539.46-10 Repair & Maintenance 585,500 17,190 602,690 Accounts 51.64%48.36%311,213 291,477 209 440-4080-539.46-20 Fleet Charges 34,808 0 34,808 Lines 59.27%40.73%20,630 14,178 210 440-4080-539.49-01 Cost Allocation [2]125,918 0 125,918 Lines 59.27%40.73%74,628 51,290 211 440-4080-539.49-10 Other Charges/Obligations 4,750 0 4,750 Lines 59.27%40.73%2,815 1,935 212 440-4080-539.49-40 PILOFF Water & Sewer [3]89,695 (89,695)0 Lines 59.27%40.73%0 0 Page 4 of 5 Table 1-7 City of Edgewater, Florida Water and Wastewater Utility Rate Study Allocation of Fiscal Year 2020 Operating Budget [1] Line Budget Adjusted Allocation Allocation Percentages Allocated Amounts No.Cost Center Code Description 2020 Adjustments 2020 Factor Water Wastewater Water Wastewater 213 440-4080-539.51-10 Office Supplies 400 0 400 Lines 59.27%40.73%237 163 214 440-4080-539.52-10 Operating Supplies 52,900 0 52,900 Lines 59.27%40.73%31,352 21,548 215 440-4080-539.52-20 Unleaded & Diesel 33,382 0 33,382 Lines 59.27%40.73%19,785 13,597 216 440-4080-539.52-30 Uniforms 2,350 0 2,350 Lines 59.27%40.73%1,393 957 217 440-4080-539.54-10 Books, Pubs, Subs, & Mem 30 0 30 Lines 59.27%40.73%18 12 218 440-4080-539.54-20 Educational Development 3,060 0 3,060 Lines 59.27%40.73%1,814 1,246 219 Subtotal Operating Expenses $1,070,670 ($72,505)$998,165 54.66%45.34%$545,600 $452,565 220 Total Field Operations $1,865,402 ($68,084)$1,797,318 56.71%43.29%$1,019,235 $778,082 440-5555-580, 581, 589 Non-Departmental [4] 221 440-5555-580.22-10 Retirement Contributions $326,978 $0 $326,978 Equal 50.00%50.00%$163,489 $163,489 222 440-5555-580.23-80 PTO Expense 0 0 0 Eliminate 0.00%0.00%0 0 223 440-5555-580.31-10 Professional Services 23,426 0 23,426 Revenues 45.31%54.69%10,615 12,811 224 440-5555-580.32-10 Accounting & Auditing 0 0 0 Revenues 45.31%54.69%0 0 225 440-5555-580.34-10 Other Contractual Service 0 0 0 Equal 50.00%50.00%0 0 226 440-5555-580.45-10 General Liability 16,975 0 16,975 Assets 42.00%58.00%7,129 9,846 227 440-5555-580.45-15 Property 112,899 0 112,899 Assets 42.00%58.00%47,418 65,481 228 440-5555-580.45-20 Public Officials 13,679 0 13,679 Revenues 45.31%54.69%6,199 7,480 229 440-5555-580.45-25 Automobile 17,140 0 17,140 Assets 42.00%58.00%7,199 9,941 230 440-5555-580.45-35 Environmental Liability 3,436 0 3,436 Equal 50.00%50.00%1,718 1,718 231 440-5555-580.46-10 Repair & Maintenance 15,000 0 15,000 Equal 50.00%50.00%7,500 7,500 232 440-5555-580.49-10 Other Charges/Obligations 8,000 0 8,000 Equal 50.00%50.00%4,000 4,000 233 440-5555-580.49-20 Bank Charges 0 0 0 Eliminate 0.00%0.00%0 0 234 440-5555-580.49-50 Write Off 0 0 0 Eliminate 0.00%0.00%0 0 235 440-5555-580.49-60 Hurricane Charges 0 0 0 Equal 50.00%50.00%0 0 236 440-5555-580.52-10 Operating Supplies 0 0 0 Eliminate 0.00%0.00%0 0 237 440-5555-580.59-10 Depreciation 0 0 0 Eliminate 0.00%0.00%0 0 238 440-5555-580.62-10 Buildings 0 0 0 Assets 42.00%58.00%0 0 239 440-5555-580.63-10 Improvements O/T Building 0 0 0 Assets 42.00%58.00%0 0 240 440-5555-580.64-10 Machinery & Equipment 183,000 (183,000)0 Assets 42.00%58.00%0 0 241 440-5555-580.64-20 Motor Vehicles 65,000 (65,000)0 Assets 42.00%58.00%0 0 242 440-5555-580.71-15 JCI Meters 513,000 (513,000)0 Direct-W 100.00%0.00%0 0 243 440-5555-580.71-24 Refunding Bond Series 09 0 0 0 Assets 42.00%58.00%0 0 244 440-5555-580.71-26 BBT SRF Refinance 2012 0 0 0 Assets 42.00%58.00%0 0 245 440-5555-580.71-28 BBT Cap Imp Rev Note 2014 33,000 (33,000)0 Direct-S 0.00%100.00%0 0 246 440-5555-580.71-29 St Rev Fund-WWTP R&R 2013 293,526 (293,526)0 Direct-S 0.00%100.00%0 0 247 440-5555-580.71-38 BBT W&S Ref Rev Bnd 2016 896,000 (896,000)0 Direct-S 0.00%100.00%0 0 248 440-5555-580.72-13 BOA Obligation #265 0 0 0 Eliminate 0.00%0.00%0 0 249 440-5555-580.71-40 Veh Lse 2016 Amer Cap Svc 4,873 (4,873)0 Equal 50.00%50.00%0 0 250 440-5555-580.71-42 SRF 640530 Recl X Design 16,375 (16,375)0 Equal 50.00%50.00%0 0 251 440-5555-580.72-15 JCI Meters 9,154 (9,154)0 Direct-W 100.00%0.00%0 0 252 440-5555-580.72-20 State Revolving Fund 0 0 0 Eliminate 0.00%0.00%0 0 253 440-5555-580.72-24 Refunding Bond Series 09 0 0 0 Assets 42.00%58.00%0 0 254 440-5555-580.72-26 BBT SRF Refinance 2012 0 0 0 Assets 42.00%58.00%0 0 255 440-5555-580.72-28 BBT Cap Imp Rev Note 2014 3,766 (3,766)0 Direct-S 0.00%100.00%0 0 256 440-5555-580.72-29 St Rev Fund-WWTP R&R 2013 90,443 (90,443)0 Direct-S 0.00%100.00%0 0 257 440-5555-580.72-38 BBT W&S Ref Rev Bnd 2016 204,678 (204,678)0 Direct-S 0.00%100.00%0 0 258 440-5555-580.72-40 Veh Lse 2016 Amer Cap Svc 303 (303)0 Equal 50.00%50.00%0 0 259 440-5555-580.72-42 SRF 640530 Recl X Design 996 (996)0 Direct-S 0.00%100.00%0 0 260 440-5555-580.73-11 2013 SunTrust JCI 0 0 0 Eliminate 0.00%0.00%0 0 261 440-5555-580.73-21 Bond Issuance Cost - SRF 0 0 0 Eliminate 0.00%0.00%0 0 262 440-5555-580.73-41 BBT SRF Refinance 2012 0 0 0 Eliminate 0.00%0.00%0 0 263 440-5555-580.73-42 Cap Imp Rev Note Srs 2014 0 0 0 Eliminate 0.00%0.00%0 0 264 440-5555-581.03-31 Capital Fund 0 0 0 Eliminate 0.00%0.00%0 0 265 440-5555-581.04-44 Renewal And Replacement 1,409,544 (1,409,544)0 Eliminate 0.00%0.00%0 0 266 440-5555-581.04-45 Wtr/Swr Rate Stabilization 0 0 0 Revenues 45.31%54.69%0 0 267 440-5555-581.04-50 Public Works Complex 700,000 (700,000)0 Assets 42.00%58.00%0 0 268 440-5555-581.05-01 MIS 0 0 0 Assets 42.00%58.00%0 0 269 440-5555-589.50-50 Stabilization / Charter Reserve Estimated Savings 368,561 (368,561)0 Eliminate 0.00%0.00%0 0 270 440-5555-581.10-01 General Fund 0 0 0 Eliminate 0.00%0.00%0 0 271 440-5555-589.10-01 Current Year Unreserved 0 0 0 Revenues 45.31%54.69%0 0 272 Total Non-Departmental $5,329,752 ($4,792,219)$537,533 47.49%52.51%$255,267 $282,266 Other Adjustments 273 Contingency Contingency - 0.00% of O&M [5]$0 $0 $0 Calculation 50.00%50.00%$0 $0 274 BadDebt Bad Debt Expense - 0.25% of Rate Revs. [6]0 28,178 28,178 Calculation 45.41%54.59%12,795 15,382 275 Other Other Adjustments 0 0 0 Adm Salary 43.20%56.80%0 0 276 Total Other Adjustments $0 $28,178 $28,178 45.41%54.59%$12,795 $15,382 277 Grand Total Operating Budget $13,433,495 ($5,440,199)$7,993,296 45.34%54.66%$3,624,445 $4,368,851 Footnotes: [1]Budgeted amounts shown are based on the Fiscal Year 2020 Adopted Operating Budget as provided by the City. [2]Budgeted amounts for the "Cost Allocation" line are to reimburse the General Fund for services that benefit the Utility. [3]Budgeted amounts for the PILOFF are transferred to the General Fund and are therefore excluded from the Cost of Operation and Maintenance for coverage purposes. These items have been adjusted from the budget and are accounted for in the summary of Revenue Requirements later in the rate model. Page 5 of 5 Table 1-7 City of Edgewater, Florida Water and Wastewater Utility Rate Study Allocation of Fiscal Year 2020 Operating Budget [1] Line Budget Adjusted Allocation Allocation Percentages Allocated Amounts No.Cost Center Code Description 2020 Adjustments 2020 Factor Water Wastewater Water Wastewater [4]Amounts are adjusted from budget as shown herein since such capital outlay expenses and debt service payments are reflected in the Capital Improvements Plan or the Revenue Requirements part of the rate model. [5]A contingency of 0.00% of O&M was added to allow for unforeseen contingencies. [6]An allowance for bad debt expense of 0.25% of rate was recognized to account for uncollectible revenues. Page 1 of 1 Table 1-8 City of Edgewater, Florida Water and Wastewater Utility Rate Study Allocation References Line Allocation Allocation Percentages No.Description Basis Water Wastewater Total 1 Equal Water and Wastewater Equal 50.00%50.00%100.00% 2 Direct Water Direct-W 100.00%0.00%100.00% 3 Direct Wastewater Direct-S 0.00%100.00%100.00% 4 Eliminate Eliminate 0.00%0.00%0.00% 5 Customer Accounts Accounts 51.64%48.36%100.00% 6 Sales Revenues Revenues 45.31%54.69%100.00% 7 Treated Flows Flows 57.12%42.88%100.00% 8 Miles of Line Lines 59.27%40.73%100.00% 9 Operating Expenses Op Exp 45.34%54.66%100.00% 10 Administration Operations Salaries Adm Salary 43.20%56.80%100.00% 11 System Fixed Assets Assets 42.00%58.00%100.00% Page 1 of 5 Table 1-9 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Water System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 440-4010-539 Administration Department 1 440-4010-539.12-10 Regular Salaries $151,254 Labor $157,304 $162,023 $166,883 $171,890 $177,047 2 AddPerAdmin Additional Personnel 0 Input 42,333 43,603 44,911 46,259 47,646 3 440-4010-539.14-10 Overtime 3,244 Labor 3,373 3,475 3,579 3,686 3,797 4 440-4010-539.15-30 Cell Phone 1,037 Inflation 1,063 1,090 1,118 1,144 1,171 5 440-4010-539.15-60 Boot Allowance 54 Inflation 55 57 58 60 61 6 440-4010-539.21-10 FICA Taxes 7,069 Labor 7,352 7,572 7,799 8,033 8,274 7 440-4010-539.21-20 Medicare 1,653 Labor 1,719 1,771 1,824 1,879 1,935 8 440-4010-539.22-10 Retirement Contributions 0 Labor 0 0 0 0 0 9 440-4010-539.22-20 DCSE 13,663 Labor 14,209 14,636 15,075 15,527 15,993 10 440-4010-539.23-10 Life Insurance 519 General-Ins 545 572 601 631 663 11 440-4010-539.23-20 Group Medical Insurance 27,847 Health-Ins 30,632 33,695 37,064 40,771 44,848 12 440-4010-539.23-21 HSA Employer Contribution 648 Labor 674 694 715 736 758 13 440-4010-539.23-22 HRA Employer Contribution 432 Labor 449 463 477 491 506 14 440-4010-539.23-30 Dental Insurance 991 Health-Ins 1,090 1,199 1,319 1,451 1,596 15 440-4010-539.23-40 Long Term Disability 934 Health-Ins 1,027 1,130 1,243 1,367 1,504 16 440-4010-539.23-60 Broker & Admin. Fees 675 Health-Ins 742 816 898 988 1,087 17 440-4010-539.23-90 OPEB Expense 0 Marginal 0 0 0 0 0 18 440-4010-539.24-10 Worker's Compensation 186 Labor 194 199 205 212 218 19 Subtotal Personnel Expenses $210,205 $262,762 $272,995 $283,770 $295,125 $307,103 Operating Expenses 20 440-4010-539.34-10 Other Contractual Service $1,514 Contractual $1,574 $1,637 $1,703 $1,771 $1,842 21 440-4010-539.40-10 Travel & Per Diem 1,685 Inflation 1,727 1,772 1,816 1,860 1,902 22 440-4010-539.41-10 Telephone 188 Inflation 193 198 203 207 212 23 440-4010-539.41-20 Internet 2,333 Inflation 2,391 2,453 2,514 2,575 2,634 24 440-4010-539.41-40 Postage 0 Inflation 0 0 0 0 0 25 440-4010-539.43-10 Electric 1,824 Electricity 1,915 2,011 2,112 2,217 2,328 26 440-4010-539.46-10 Repair & Maintenance 994 Repair 1,023 1,054 1,086 1,118 1,152 27 440-4010-539.46-20 Fleet Charges 519 Repair 534 550 567 584 601 28 440-4010-539.47-20 Copier 2,549 Inflation 2,612 2,680 2,747 2,813 2,878 29 440-4010-539.49-01 Cost Allocation [2]234,034 Labor 243,395 250,697 258,218 265,965 273,944 30 440-4010-539.49-10 Other Charges/Obligations 86 Inflation 89 91 93 95 98 31 440-4010-539.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 32 440-4010-539.51-10 Office Supplies 648 Inflation 664 681 698 715 732 33 440-4010-539.52-10 Operating Supplies 864 Inflation 886 909 931 954 976 34 440-4010-539.52-20 Unleaded & Diesel 703 Fuel 738 775 814 855 898 35 440-4010-539.52-30 Uniforms 443 Inflation 454 466 477 489 500 36 440-4010-539.54-10 Books, Pubs, Subs, & Mem 3,571 Inflation 3,660 3,756 3,849 3,942 4,032 37 440-4010-539.54-20 Educational Development 1,706 Inflation 1,749 1,794 1,839 1,883 1,927 38 Subtotal Operating Expenses $253,660 $263,605 $271,524 $279,668 $288,043 $296,655 39 Total Administration Department $463,864 $526,367 $544,520 $563,438 $583,168 $603,758 440-4030-533 Water Department 40 440-4030-533.12-10 Regular Salaries $488,675 Labor $508,222 $523,469 $539,173 $555,348 $572,008 41 AddPerWater Additional Personnel 0 Input 0 0 0 0 0 42 440-4030-533.12-20 DC ICMA 14,469 Labor 15,048 15,499 15,964 16,443 16,936 43 440-4030-533.14-10 Overtime 31,346 Labor 32,600 33,578 34,585 35,623 36,691 44 440-4030-533.15-30 Cell Phone 900 Inflation 923 946 970 993 1,016 45 440-4030-533.15-60 Boot Allowance 1,250 Inflation 1,281 1,315 1,347 1,380 1,411 46 440-4030-533.21-10 FICA Taxes 27,160 Labor 28,246 29,094 29,967 30,866 31,792 47 440-4030-533.21-20 Medicare 6,352 Labor 6,606 6,804 7,008 7,219 7,435 48 440-4030-533.22-10 Retirement Contributions 0 Labor 0 0 0 0 0 49 440-4030-533.22-20 DCSE 40,842 Labor 42,476 43,750 45,062 46,414 47,807 50 440-4030-533.23-10 Life Insurance 2,102 General-Ins 2,207 2,317 2,433 2,555 2,683 51 440-4030-533.23-20 Group Medical Insurance 129,604 Health-Ins 142,564 156,821 172,503 189,753 208,729 52 440-4030-533.23-21 HSA Employer Contribution 8,400 Labor 8,736 8,998 9,268 9,546 9,832 53 440-4030-533.23-22 HRA Employer Contribution 750 Labor 780 803 828 852 878 54 440-4030-533.23-30 Dental Insurance 3,078 Health-Ins 3,386 3,724 4,097 4,506 4,957 55 440-4030-533.23-40 Long Term Disability 3,794 Health-Ins 4,173 4,591 5,050 5,555 6,110 56 440-4030-533.23-60 Broker & Admin. Fees 3,163 Health-Ins 3,479 3,827 4,210 4,631 5,094 57 440-4030-533.23-90 OPEB Expense 4,759 Marginal 4,807 4,855 4,904 4,953 5,002 58 440-4030-533.24-10 Worker's Compensation 15,120 Labor 15,725 16,197 16,682 17,183 17,698 59 Subtotal Personnel Expenses $781,764 $821,259 $856,588 $894,051 $933,820 $976,081 Operating Expenses 60 440-4030-533.31-10 Professional Services $56,950 Contractual $59,228 $61,597 $64,061 $66,623 $69,288 61 440-4030-533.34-10 Other Contractual Service 117,865 Contractual 122,580 127,483 132,582 137,885 143,401 Page 2 of 5 Table 1-9 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Water System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 62 440-4030-533.40-10 Travel & Per Diem 800 Inflation 820 841 862 883 903 63 440-4030-533.41-10 Telephone 220 Inflation 226 231 237 243 248 64 440-4030-533.41-11 Cell Phone 0 Inflation 0 0 0 0 0 65 440-4030-533.41-15 Cellular 35 Inflation 36 37 38 39 40 66 440-4030-533.41-20 Internet 2,100 Inflation 2,153 2,208 2,264 2,318 2,371 67 440-4030-533.41-30 Legal Ads 0 Inflation 0 0 0 0 0 68 440-4030-533.41-40 Postage 14,475 Inflation 14,837 15,223 15,603 15,978 16,345 69 440-4030-533.43-10 Electric 157,796 W-Elec 166,520 175,721 185,427 195,664 206,461 70 440-4030-533.44-10 Rent 1,310 Inflation 1,343 1,378 1,412 1,446 1,479 71 440-4030-533.46-10 Repair & Maintenance 71,357 Repair 73,498 75,703 77,974 80,313 82,722 72 440-4030-533.46-20 Fleet Charges 2,401 Repair 2,473 2,547 2,624 2,702 2,783 73 440-4030-533.47-10 Printing & Binding 1,833 Inflation 1,879 1,928 1,976 2,023 2,070 74 440-4030-533.47-20 Copier 1,400 Inflation 1,435 1,472 1,509 1,545 1,581 75 440-4030-533.48-10 Promotional Activities 5,175 Inflation 5,304 5,442 5,578 5,712 5,844 76 440-4030-533.49-01 Cost Allocation [2]155,175 Labor 161,382 166,223 171,210 176,346 181,637 77 440-4030-533.49-10 Other Charges/Obligations 21,600 Inflation 22,140 22,716 23,284 23,842 24,391 78 440-4030-533.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 79 440-4030-533.51-10 Office Supplies 650 Inflation 666 684 701 717 734 80 440-4030-533.52-10 Operating Supplies 28,050 Inflation 28,751 29,499 30,236 30,962 31,674 81 440-4030-533.52-20 Unleaded & Diesel 4,774 Fuel 5,013 5,263 5,527 5,803 6,093 82 440-4030-533.52-25 Bulk Fuel 7,000 Fuel 7,350 7,718 8,103 8,509 8,934 83 440-4030-533.52-30 Uniforms 2,075 Inflation 2,127 2,182 2,237 2,290 2,343 84 440-4030-533.52-50 Chemical 436,282 W-Chem 438,478 462,708 488,264 515,219 543,650 85 440-4030-533.54-10 Books, Pubs, Subs, & Mem 1,120 Inflation 1,148 1,178 1,207 1,236 1,265 86 440-4030-533.54-20 Educational Development 1,075 Inflation 1,102 1,131 1,159 1,187 1,214 87 Subtotal Operating Expenses $1,091,518 $1,120,487 $1,171,112 $1,224,074 $1,279,487 $1,337,471 88 Total Water Department $1,873,282 $1,941,746 $2,027,701 $2,118,126 $2,213,307 $2,313,552 440-4040-535 Wastewater Department 89 440-4040-535.12-10 Regular Salaries $0 Labor $0 $0 $0 $0 $0 90 AddPerWastewater Additional Personnel 0 Input 0 0 0 0 0 91 440-4040-535.13-10 Other Salaries 0 Labor 0 0 0 0 0 92 440-4040-535.14-10 Overtime 0 Labor 0 0 0 0 0 93 440-4040-535.15-30 Cell Phone 0 Inflation 0 0 0 0 0 94 440-4040-535.15-40 Insurance Payback 0 Health-Ins 0 0 0 0 0 95 440-4040-535.15-60 Boot Allowance 0 Inflation 0 0 0 0 0 96 440-4040-535.21-10 FICA Taxes 0 Labor 0 0 0 0 0 97 440-4040-535.21-20 Medicare 0 Labor 0 0 0 0 0 98 440-4040-535.22-10 Retirement Contributions 0 Labor 0 0 0 0 0 99 440-4040-535.22-20 DCSE 0 Inflation 0 0 0 0 0 100 440-4040-535.23-10 Life Insurance 0 General-Ins 0 0 0 0 0 101 440-4040-535.23-20 Group Medical Insurance 0 Health-Ins 0 0 0 0 0 102 440-4040-535.23-21 HSA Employer Contribution 0 Labor 0 0 0 0 0 103 440-4040-535.23-22 HRA Employer Contribution 0 Labor 0 0 0 0 0 104 440-4040-535.23-30 Dental Insurance 0 Health-Ins 0 0 0 0 0 105 440-4040-535.23-40 Long Term Disability 0 Health-Ins 0 0 0 0 0 106 440-4040-535.23-60 Broker & Admin. Fees 0 Health-Ins 0 0 0 0 0 107 440-4040-535.23-90 OPEB 0 Marginal 0 0 0 0 0 108 440-4040-535.24-10 Worker's Compensation 0 Labor 0 0 0 0 0 109 Subtotal Personnel Expenses $0 $0 $0 $0 $0 $0 Operating Expenses 110 440-4040-535.31-10 Professional Services $0 Contractual $0 $0 $0 $0 $0 111 440-4040-535.34-10 Other Contractual Service 0 Contractual 0 0 0 0 0 112 440-4040-535.40-10 Travel & Per Diem 0 Inflation 0 0 0 0 0 113 440-4040-535.41-10 Telephone 0 Inflation 0 0 0 0 0 114 440-4040-535.41-15 Cellular 0 Inflation 0 0 0 0 0 115 440-4040-535.41-20 Internet 0 Inflation 0 0 0 0 0 116 440-4040-535.41-30 Legal Ads 0 Inflation 0 0 0 0 0 117 440-4040-535.41-40 Postage 0 Inflation 0 0 0 0 0 118 440-4040-535.43-10 Electric 0 WW-Elec 0 0 0 0 0 119 440-4040-535.43-30 Water / Sewer / Trash 0 Inflation 0 0 0 0 0 120 440-4040-535.44-10 Rent 0 Inflation 0 0 0 0 0 121 440-4040-535.46-10 Repair & Maintenance 0 Repair 0 0 0 0 0 122 440-4040-535.46-20 Fleet Charges 0 Repair 0 0 0 0 0 123 440-4040-535.47-10 Printing & Binding 0 Inflation 0 0 0 0 0 124 440-4040-535.47-20 Copier 0 Inflation 0 0 0 0 0 125 440-4040-535.48-10 Promotional Activities 0 Inflation 0 0 0 0 0 126 440-4040-535.49-01 Cost Allocation [2]0 Labor 0 0 0 0 0 127 440-4040-535.49-10 Other Charges/Obligations 0 Inflation 0 0 0 0 0 Page 3 of 5 Table 1-9 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Water System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 128 440-4040-535.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 129 440-4040-535.51-10 Office Supplies 0 Inflation 0 0 0 0 0 130 440-4040-535.52-10 Operating Supplies 0 Inflation 0 0 0 0 0 131 440-4040-535.52-20 Unleaded & Diesel 0 Fuel 0 0 0 0 0 132 440-4040-535.52-25 Bulk Fuel 0 Fuel 0 0 0 0 0 133 440-4040-535.52-30 Uniforms 0 Inflation 0 0 0 0 0 134 440-4040-535.52-50 Chemical 0 WW-Chem 0 0 0 0 0 135 440-4040-535.54-10 Books, Pubs, Subs, & Mem 0 Inflation 0 0 0 0 0 136 440-4040-535.54-20 Educational Development 0 Inflation 0 0 0 0 0 137 Subtotal Operating Expenses $0 $0 $0 $0 $0 $0 138 Total Wastewater Department $0 $0 $0 $0 $0 $0 440-4050-539 Wastewater Collections 139 440-4050-539.12-10 Regular Salaries $0 Labor $0 $0 $0 $0 $0 140 AddPerCollections Additional Personnel 0 Input 0 0 0 0 0 141 440-4050-539.14-10 Overtime 0 Labor 0 0 0 0 0 142 440-4050-539.15-30 Cell Phone 0 Inflation 0 0 0 0 0 143 440-4050-539.15-60 Boot Allowance 0 Inflation 0 0 0 0 0 144 440-4050-539.21-10 FICA Taxes 0 Labor 0 0 0 0 0 145 440-4050-539.21-20 Medicare 0 Labor 0 0 0 0 0 146 440-4050-539.22-10 Retirement Contributions 0 Labor 0 0 0 0 0 147 440-4050-539.22-20 DCSE 0 Labor 0 0 0 0 0 148 440-4050-539.23-10 Life Insurance 0 General-Ins 0 0 0 0 0 149 440-4050-539.23-20 Group Medical Insurance 0 Health-Ins 0 0 0 0 0 150 440-4050-539.23-21 HRA Employer Contribution 0 Labor 0 0 0 0 0 151 440-4050-539.23-22 HRA Employer Contribution 0 Labor 0 0 0 0 0 152 440-4050-539.23-30 Dental Insurance 0 Health-Ins 0 0 0 0 0 153 440-4050-539.23-40 Long Term Disability 0 Health-Ins 0 0 0 0 0 154 440-4050-539.23-60 Broker & Admin. Fees 0 Health-Ins 0 0 0 0 0 155 440-4050-539.23-90 OPEB Expense 0 Marginal 0 0 0 0 0 156 440-4050-539.24-10 Worker's Compensation 0 Labor 0 0 0 0 0 157 Subtotal Personnel Expenses $0 $0 $0 $0 $0 $0 Operating Expenses 158 440-4050-539.34-10 Other Contractual Service $0 Contractual $0 $0 $0 $0 $0 159 440-4050-539.40-10 Travel & Per Diem 0 Inflation 0 0 0 0 0 160 440-4050-539.41-10 Telephone 0 Inflation 0 0 0 0 0 161 440-4050-539.41-15 Cellular 0 Inflation 0 0 0 0 0 162 440-4050-539.41-20 Internet 0 Inflation 0 0 0 0 0 163 440-4050-539.43-10 Electric 0 WW-Elec 0 0 0 0 0 164 440-4050-539.43-30 Water / Sewer / Trash 0 Inflation 0 0 0 0 0 165 440-4050-539.44-10 Rent 0 Inflation 0 0 0 0 0 166 440-4050-539.46-10 Repair & Maintenance 0 Repair 0 0 0 0 0 167 440-4050-539.46-20 Fleet Charges 0 Repair 0 0 0 0 0 168 440-4050-539.47-10 Printing & Binding 0 Inflation 0 0 0 0 0 169 440-4050-539.47-20 Copier 0 Inflation 0 0 0 0 0 170 440-4050-539.49-01 Cost Allocation [2]0 Labor 0 0 0 0 0 171 440-4050-539.49-10 Other Charges/Obligations 0 Inflation 0 0 0 0 0 172 440-4050-539.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 173 440-4050-539.51-10 Office Supplies 0 Inflation 0 0 0 0 0 174 440-4050-539.52-10 Operating Supplies 0 Inflation 0 0 0 0 0 175 440-4050-539.52-20 Unleaded & Diesel 0 Fuel 0 0 0 0 0 176 440-4050-539.52-30 Uniforms 0 Inflation 0 0 0 0 0 177 440-4050-539.52-50 Chemical 0 WW-Chem 0 0 0 0 0 178 440-4050-539.54-10 Books, Pubs, Subs, & Mem 0 Inflation 0 0 0 0 0 179 440-4050-539.54-20 Educational Development 0 Inflation 0 0 0 0 0 180 Subtotal Operating Expenses $0 $0 $0 $0 $0 $0 181 Total Wastewater Collections $0 $0 $0 $0 $0 $0 440-4080-539 Field Operations 182 440-4080-539.12-10 Regular Salaries $290,155 Labor $301,761 $310,814 $320,138 $329,742 $339,634 183 AddPerFieldOps Additional Personnel 0 Input 8,401 20,991 21,620 22,269 22,937 184 440-4080-539.12-20 DC ICMA 8,417 Labor 8,754 9,016 9,287 9,566 9,853 185 440-4080-539.14-10 Overtime 19,897 Labor 20,692 21,313 21,953 22,611 23,290 186 440-4080-539.15-30 Cell Phone 533 Inflation 547 561 575 589 602 187 440-4080-539.15-60 Boot Allowance 889 Inflation 911 935 958 981 1,004 188 440-4080-539.21-10 FICA Taxes 15,802 Labor 16,435 16,928 17,435 17,958 18,497 Page 4 of 5 Table 1-9 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Water System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 189 440-4080-539.21-20 Medicare 3,696 Labor 3,844 3,959 4,078 4,200 4,326 190 440-4080-539.22-20 DCSE 24,231 Labor 25,200 25,956 26,735 27,537 28,363 191 440-4080-539.23-10 Life Insurance 1,138 General-Ins 1,195 1,255 1,317 1,383 1,452 192 440-4080-539.23-20 Group Medical Insurance 86,983 Health-Ins 95,681 105,249 115,774 127,352 140,087 193 440-4080-539.23-21 HSA Employer Contribution 2,756 Labor 2,866 2,952 3,041 3,132 3,226 194 440-4080-539.23-22 HRA Employer Contribution 1,037 Labor 1,079 1,111 1,144 1,179 1,214 195 440-4080-539.23-30 Dental Insurance 1,912 Health-Ins 2,103 2,313 2,545 2,799 3,079 196 440-4080-539.23-40 Long Term Disability 2,254 Health-Ins 2,479 2,727 3,000 3,300 3,630 197 440-4080-539.23-60 Broker & Admin. Fees 2,384 Health-Ins 2,623 2,885 3,174 3,491 3,840 198 440-4080-539.23-90 OPEB Expense 2,620 Marginal 2,646 2,673 2,699 2,726 2,754 199 440-4080-539.24-10 Worker's Compensation 8,932 Labor 9,289 9,568 9,855 10,150 10,455 200 Subtotal Personnel Costs $473,636 $506,506 $541,206 $565,328 $590,966 $618,243 Operating Expenses 201 440-4080-539.34-10 Other Contractual Service $77,762 Contractual $80,872 $84,107 $87,471 $90,970 $94,609 202 440-4080-539.40-10 Travel & Per Diem 2,349 Inflation 2,407 2,470 2,532 2,593 2,652 203 440-4080-539.41-10 Telephone 0 Inflation 0 0 0 0 0 204 440-4080-539.41-15 Cellular 522 Inflation 535 548 562 576 589 205 440-4080-539.41-20 Internet 491 Inflation 504 517 530 542 555 206 440-4080-539.41-40 Postage 0 Inflation 0 0 0 0 0 207 440-4080-539.44-10 Rent 593 Inflation 607 623 639 654 669 208 440-4080-539.46-10 Repair & Maintenance 311,213 Calculated 291,828 292,755 293,710 294,693 94,828 209 440-4080-539.46-20 Fleet Charges 20,630 Repair 21,249 21,886 22,543 23,219 23,916 210 440-4080-539.49-01 Cost Allocation [2]74,628 Labor 77,613 79,942 82,340 84,810 87,354 211 440-4080-539.49-10 Other Charges/Obligations 2,815 Inflation 2,886 2,961 3,035 3,107 3,179 212 440-4080-539.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 213 440-4080-539.51-10 Office Supplies 237 Inflation 243 249 256 262 268 214 440-4080-539.52-10 Operating Supplies 31,352 Inflation 32,136 32,972 33,796 34,607 35,403 215 440-4080-539.52-20 Unleaded & Diesel 19,785 Fuel 20,774 21,813 22,903 24,048 25,251 216 440-4080-539.52-30 Uniforms 1,393 Inflation 1,428 1,465 1,501 1,537 1,573 217 440-4080-539.54-10 Books, Pubs, Subs, & Mem 18 Inflation 18 19 19 20 20 218 440-4080-539.54-20 Educational Development 1,814 Inflation 1,859 1,907 1,955 2,002 2,048 219 Subtotal Operating Expenses $545,600 $534,959 $544,233 $553,791 $563,640 $372,913 220 Total Field Operations $1,019,235 $1,041,465 $1,085,439 $1,119,119 $1,154,606 $991,156 440-5555-580, 581, 589 Non-Departmental [4] 221 440-5555-580.22-10 Retirement Contributions $163,489 Labor $170,029 $175,129 $180,383 $185,795 $191,369 222 440-5555-580.23-80 PTO Expense 0 Eliminate 0 0 0 0 0 223 440-5555-580.31-10 Professional Services 10,615 Contractual 11,040 11,482 11,941 12,418 12,915 224 440-5555-580.32-10 Accounting & Auditing 0 Eliminate 0 0 0 0 0 225 440-5555-580.34-10 Other Contractual Service 0 Contractual 0 0 0 0 0 226 440-5555-580.45-10 General Liability 7,129 General-Ins 7,486 7,860 8,253 8,666 9,099 227 440-5555-580.45-15 Property 47,418 General-Ins 49,788 52,278 54,892 57,636 60,518 228 440-5555-580.45-20 Public Officials 6,199 Labor 6,447 6,640 6,839 7,044 7,256 229 440-5555-580.45-25 Automobile 7,199 General-Ins 7,559 7,937 8,334 8,750 9,188 230 440-5555-580.45-35 Environmental Liability 1,718 Inflation 1,761 1,807 1,852 1,896 1,940 231 440-5555-580.46-10 Repair & Maintenance 7,500 Repair 7,725 7,957 8,195 8,441 8,695 232 440-5555-580.49-10 Other Charges/Obligations 4,000 Inflation 4,100 4,207 4,312 4,415 4,517 233 440-5555-580.49-20 Bank Charges 0 Eliminate 0 0 0 0 0 234 440-5555-580.49-50 Write Off 0 Eliminate 0 0 0 0 0 235 440-5555-580.49-60 Hurricane Charges 0 Eliminate 0 0 0 0 0 236 440-5555-580.52-10 Operating Supplies 0 Eliminate 0 0 0 0 0 237 440-5555-580.59-10 Depreciation 0 Eliminate 0 0 0 0 0 238 440-5555-580.62-10 Buildings 0 Eliminate 0 0 0 0 0 239 440-5555-580.63-10 Improvements O/T Building 0 Eliminate 0 0 0 0 0 240 440-5555-580.64-10 Machinery & Equipment 0 Eliminate 0 0 0 0 0 241 440-5555-580.64-20 Motor Vehicles 0 Eliminate 0 0 0 0 0 242 440-5555-580.71-15 JCI Meters 0 Eliminate 0 0 0 0 0 243 440-5555-580.71-24 Refunding Bond Series 09 0 Eliminate 0 0 0 0 0 244 440-5555-580.71-26 BBT SRF Refinance 2012 0 Eliminate 0 0 0 0 0 245 440-5555-580.71-28 BBT Cap Imp Rev Note 2014 0 Eliminate 0 0 0 0 0 246 440-5555-580.71-29 St Rev Fund-WWTP R&R 2013 0 Eliminate 0 0 0 0 0 247 440-5555-580.71-38 BBT W&S Ref Rev Bnd 2016 0 Eliminate 0 0 0 0 0 248 440-5555-580.72-13 BOA Obligation #265 0 Eliminate 0 0 0 0 0 249 440-5555-580.71-40 Veh Lse 2016 Amer Cap Svc 0 Eliminate 0 0 0 0 0 250 440-5555-580.71-42 SRF 640530 Recl X Design 0 Eliminate 0 0 0 0 0 251 440-5555-580.72-15 JCI Meters 0 Eliminate 0 0 0 0 0 252 440-5555-580.72-20 State Revolving Fund 0 Eliminate 0 0 0 0 0 253 440-5555-580.72-24 Refunding Bond Series 09 0 Eliminate 0 0 0 0 0 254 440-5555-580.72-26 BBT SRF Refinance 2012 0 Eliminate 0 0 0 0 0 Page 5 of 5 Table 1-9 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Water System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 255 440-5555-580.72-28 BBT Cap Imp Rev Note 2014 0 Eliminate 0 0 0 0 0 256 440-5555-580.72-29 St Rev Fund-WWTP R&R 2013 0 Eliminate 0 0 0 0 0 257 440-5555-580.72-38 BBT W&S Ref Rev Bnd 2016 0 Eliminate 0 0 0 0 0 258 440-5555-580.72-40 Veh Lse 2016 Amer Cap Svc 0 Eliminate 0 0 0 0 0 259 440-5555-580.72-42 SRF 640530 Recl X Design 0 Eliminate 0 0 0 0 0 260 440-5555-580.73-11 2013 SunTrust JCI 0 Eliminate 0 0 0 0 0 261 440-5555-580.73-21 Bond Issuance Cost - SRF 0 Eliminate 0 0 0 0 0 262 440-5555-580.73-41 BBT SRF Refinance 2012 0 Eliminate 0 0 0 0 0 263 440-5555-580.73-42 Cap Imp Rev Note Srs 2014 0 Eliminate 0 0 0 0 0 264 440-5555-581.03-31 Capital Fund 0 Eliminate 0 0 0 0 0 265 440-5555-581.04-44 Renewal And Replacement 0 Eliminate 0 0 0 0 0 266 440-5555-581.04-45 Wtr/Swr Rate Stabilization 0 Eliminate 0 0 0 0 0 267 440-5555-581.04-50 Public Works Complex - Debt Service 0 Eliminate 0 0 0 0 0 268 440-5555-581.05-01 MIS 0 Eliminate 0 0 0 0 0 269 440-5555-589.50-50 Stabilization - Estimated Savings 0 Eliminate 0 0 0 0 0 270 440-5555-581.10-01 General Fund 0 Eliminate 0 0 0 0 0 271 440-5555-589.10-01 Current Year Unreserved 0 Eliminate 0 0 0 0 0 272 Total Non-Departmental $255,267 $265,934 $275,296 $285,001 $295,063 $305,496 Other Adjustments 273 Contingency Contingency - 0.00% of O&M [5]$0 Input $0 $0 $0 $0 $0 274 BadDebt Bad Debt Expense - 0.25% of Rate Revs. [6]12,795 Input 13,959 14,562 15,082 15,620 16,177 275 Other Other Adjustments 0 W-Op 0 0 0 0 0 276 Total Other Adjustments $12,795 $13,959 $14,562 $15,082 $15,620 $16,177 277 Grand Total Operating Budget $3,624,445 $3,789,471 $3,947,518 $4,100,766 $4,261,763 $4,230,137 Footnotes: [1]Fiscal Year 2020 amounts shown based on Table 1-7. [2]Budgeted amounts for the "Cost Allocation" line are to reimburse the General Fund for services that benefit the Utility. [3]Budgeted amounts for the PILOFF are transferred to the General Fund and are therefore excluded from the Cost of Operation and Maintenance for coverage purposes. These items have been adjusted from the budget and are accounted for in the summary of Revenue Requirements later in the rate model. [4]Amounts are adjusted from budget as shown herein since such capital outlay expenses and debt service payments are reflected in the Capital Improvements Plan or the Revenue Requirements part of the rate model. [5]A contingency of 0.00% of O&M was added to allow for unforeseen contingencies. [6]An allowance for bad debt expense of 0.25% of rate was recognized to account for uncollectible revenues. Page 1 of 5 Table 1-10 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Wastewater System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 440-4010-539 Administration Department 1 440-4010-539.12-10 Regular Salaries $198,893 Labor $206,849 $213,055 $219,446 $226,030 $232,811 2 AddPerAdmin Additional Personnel 0 Input 55,667 57,337 59,057 60,829 62,653 2 440-4010-539.14-10 Overtime 4,265 Labor 4,436 4,569 4,706 4,847 4,993 3 440-4010-539.15-30 Cell Phone 1,363 Inflation 1,397 1,434 1,470 1,505 1,539 4 440-4010-539.15-60 Boot Allowance 71 Inflation 73 75 77 78 80 5 440-4010-539.21-10 FICA Taxes 9,295 Labor 9,667 9,957 10,256 10,563 10,880 6 440-4010-539.21-20 Medicare 2,174 Labor 2,261 2,329 2,398 2,470 2,545 7 440-4010-539.22-10 Retirement Contributions 0 Labor 0 0 0 0 0 8 440-4010-539.22-20 DCSE 17,966 Labor 18,685 19,245 19,823 20,417 21,030 9 440-4010-539.23-10 Life Insurance 683 General-Ins 717 753 790 830 871 10 440-4010-539.23-20 Group Medical Insurance 36,618 Health-Ins 40,280 44,308 48,738 53,612 58,974 11 440-4010-539.23-21 HSA Employer Contribution 852 Labor 886 913 940 968 997 12 440-4010-539.23-22 HRA Employer Contribution 568 Labor 591 608 627 646 665 13 440-4010-539.23-30 Dental Insurance 1,303 Health-Ins 1,433 1,577 1,734 1,908 2,099 14 440-4010-539.23-40 Long Term Disability 1,228 Health-Ins 1,351 1,486 1,635 1,798 1,978 15 440-4010-539.23-60 Broker & Admin. Fees 887 Health-Ins 976 1,074 1,181 1,299 1,429 16 440-4010-539.23-90 OPEB Expense 0 Marginal 0 0 0 0 0 17 440-4010-539.24-10 Worker's Compensation 245 Labor 255 262 270 278 287 18 Subtotal Personnel Expenses $276,412 $345,523 $358,980 $373,148 $388,079 $403,830 Operating Expenses 19 440-4010-539.34-10 Other Contractual Service 1,990 Contractual $2,070 2,153 2,239 2,328 2,422 20 440-4010-539.40-10 Travel & Per Diem 2,215 Inflation 2,271 2,330 2,388 2,445 2,502 21 440-4010-539.41-10 Telephone 247 Inflation 253 260 266 273 279 22 440-4010-539.41-20 Internet 3,067 Inflation 3,144 3,226 3,306 3,386 3,464 23 440-4010-539.41-40 Postage 0 Inflation 0 0 0 0 0 24 440-4010-539.43-10 Electric 2,399 Electricity 2,519 2,645 2,777 2,916 3,062 25 440-4010-539.46-10 Repair & Maintenance 1,306 Repair 1,346 1,386 1,428 1,470 1,515 26 440-4010-539.46-20 Fleet Charges 682 Repair 703 724 745 768 791 27 440-4010-539.47-20 Copier 3,351 Inflation 3,435 3,524 3,613 3,699 3,784 28 440-4010-539.49-01 Cost Allocation [2]307,747 Labor 320,057 329,659 339,548 349,735 360,227 29 440-4010-539.49-10 Other Charges/Obligations 114 Inflation 116 119 122 125 128 30 440-4010-539.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 31 440-4010-539.51-10 Office Supplies 852 Inflation 873 896 918 940 962 32 440-4010-539.52-10 Operating Supplies 1,136 Inflation 1,164 1,195 1,225 1,254 1,283 33 440-4010-539.52-20 Unleaded & Diesel 925 Fuel 971 1,020 1,071 1,124 1,180 34 440-4010-539.52-30 Uniforms 582 Inflation 597 612 628 643 657 35 440-4010-539.54-10 Books, Pubs, Subs, & Mem 4,696 Inflation 4,813 4,938 5,062 5,183 5,303 36 440-4010-539.54-20 Educational Development 2,244 Inflation 2,300 2,360 2,419 2,477 2,534 37 Subtotal Operating Expenses $333,554 $346,632 $357,046 $367,755 $378,767 $390,091 38 Total Administration Department $609,967 $692,155 $716,026 $740,903 $766,846 $793,921 440-4030-533 Water Department 39 440-4030-533.12-10 Regular Salaries $0 Labor $0 $0 $0 $0 $0 40 AddPerWater Additional Personnel 0 Input 0 0 0 0 0 41 440-4030-533.12-20 DC ICMA 0 Labor 0 0 0 0 0 42 440-4030-533.14-10 Overtime 0 Labor 0 0 0 0 0 43 440-4030-533.15-30 Cell Phone 0 Inflation 0 0 0 0 0 44 440-4030-533.15-60 Boot Allowance 0 Inflation 0 0 0 0 0 45 440-4030-533.21-10 FICA Taxes 0 Labor 0 0 0 0 0 46 440-4030-533.21-20 Medicare 0 Labor 0 0 0 0 0 47 440-4030-533.22-10 Retirement Contributions 0 Labor 0 0 0 0 0 48 440-4030-533.22-20 DCSE 0 Labor 0 0 0 0 0 49 440-4030-533.23-10 Life Insurance 0 General-Ins 0 0 0 0 0 50 440-4030-533.23-20 Group Medical Insurance 0 Health-Ins 0 0 0 0 0 51 440-4030-533.23-21 HSA Employer Contribution 0 Labor 0 0 0 0 0 52 440-4030-533.23-22 HRA Employer Contribution 0 Labor 0 0 0 0 0 53 440-4030-533.23-30 Dental Insurance 0 Health-Ins 0 0 0 0 0 54 440-4030-533.23-40 Long Term Disability 0 Health-Ins 0 0 0 0 0 55 440-4030-533.23-60 Broker & Admin. Fees 0 Health-Ins 0 0 0 0 0 56 440-4030-533.23-90 OPEB Expense 0 Marginal 0 0 0 0 0 57 440-4030-533.24-10 Worker's Compensation 0 Labor 0 0 0 0 0 58 Subtotal Personnel Expenses $0 $0 $0 $0 $0 $0 Operating Expenses 59 440-4030-533.31-10 Professional Services $0 Contractual $0 $0 $0 $0 $0 60 440-4030-533.34-10 Other Contractual Service 0 Contractual 0 0 0 0 0 Page 2 of 5 Table 1-10 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Wastewater System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 61 440-4030-533.40-10 Travel & Per Diem 0 Inflation 0 0 0 0 0 62 440-4030-533.41-10 Telephone 0 Inflation 0 0 0 0 0 63 440-4030-533.41-11 Cell Phone 0 Inflation 0 0 0 0 0 64 440-4030-533.41-15 Cellular 0 Inflation 0 0 0 0 0 65 440-4030-533.41-20 Internet 0 Inflation 0 0 0 0 0 66 440-4030-533.41-30 Legal Ads 0 Inflation 0 0 0 0 0 67 440-4030-533.41-40 Postage 0 Inflation 0 0 0 0 0 68 440-4030-533.43-10 Electric 0 W-Elec 0 0 0 0 0 69 440-4030-533.44-10 Rent 0 Inflation 0 0 0 0 0 70 440-4030-533.46-10 Repair & Maintenance 0 Repair 0 0 0 0 0 71 440-4030-533.46-20 Fleet Charges 0 Repair 0 0 0 0 0 72 440-4030-533.47-10 Printing & Binding 0 Inflation 0 0 0 0 0 73 440-4030-533.47-20 Copier 0 Inflation 0 0 0 0 0 74 440-4030-533.48-10 Promotional Activities 0 Inflation 0 0 0 0 0 75 440-4030-533.49-01 Cost Allocation [2]0 Labor 0 0 0 0 0 76 440-4030-533.49-10 Other Charges/Obligations 0 Inflation 0 0 0 0 0 77 440-4030-533.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 78 440-4030-533.51-10 Office Supplies 0 Inflation 0 0 0 0 0 79 440-4030-533.52-10 Operating Supplies 0 Inflation 0 0 0 0 0 80 440-4030-533.52-20 Unleaded & Diesel 0 Fuel 0 0 0 0 0 81 440-4030-533.52-25 Bulk Fuel 0 Fuel 0 0 0 0 0 82 440-4030-533.52-30 Uniforms 0 Inflation 0 0 0 0 0 83 440-4030-533.52-50 Chemical 0 W-Chem 0 0 0 0 0 84 440-4030-533.54-10 Books, Pubs, Subs, & Mem 0 Inflation 0 0 0 0 0 85 440-4030-533.54-20 Educational Development 0 Inflation 0 0 0 0 0 86 Subtotal Operating Expenses $0 $0 $0 $0 $0 $0 87 Total Water Department $0 $0 $0 $0 $0 $0 440-4040-535 Wastewater Department 88 440-4040-535.12-10 Regular Salaries $635,856 Labor $661,290 $681,129 $701,563 $722,610 $744,288 89 AddPerWastewater Additional Personnel 0 Input 0 0 0 0 0 90 440-4040-535.13-10 Other Salaries 0 Labor 0 0 0 0 0 91 440-4040-535.14-10 Overtime 61,568 Labor 64,031 65,952 67,930 69,968 72,067 92 440-4040-535.15-30 Cell Phone 1,692 Inflation 1,734 1,779 1,824 1,868 1,911 93 440-4040-535.15-40 Insurance Payback 4,800 Health-Ins 5,280 5,808 6,389 7,028 7,730 94 440-4040-535.15-60 Boot Allowance 1,500 Inflation 1,538 1,577 1,617 1,656 1,694 95 440-4040-535.21-10 FICA Taxes 36,008 Labor 37,448 38,572 39,729 40,921 42,148 96 440-4040-535.21-20 Medicare 8,421 Labor 8,758 9,021 9,291 9,570 9,857 97 440-4040-535.22-10 Retirement Contributions 0 Labor 0 0 0 0 0 98 440-4040-535.22-20 DCSE 71,082 Inflation 72,859 74,753 76,622 78,461 80,266 99 440-4040-535.23-10 Life Insurance 2,701 General-Ins 2,836 2,978 3,127 3,283 3,447 100 440-4040-535.23-20 Group Medical Insurance 131,391 Health-Ins 144,530 158,983 174,881 192,370 211,607 101 440-4040-535.23-21 HSA Employer Contribution 1,300 Labor 1,352 1,393 1,434 1,477 1,522 102 440-4040-535.23-22 HRA Employer Contribution 2,000 Labor 2,080 2,142 2,207 2,273 2,341 103 440-4040-535.23-30 Dental Insurance 3,780 Health-Ins 4,158 4,574 5,031 5,534 6,088 104 440-4040-535.23-40 Long Term Disability 4,880 Health-Ins 5,368 5,905 6,495 7,145 7,859 105 440-4040-535.23-60 Broker & Admin. Fees 3,597 Health-Ins 3,957 4,352 4,788 5,266 5,793 106 440-4040-535.23-90 OPEB 5,646 Marginal 5,702 5,759 5,817 5,875 5,933 107 440-4040-535.24-10 Worker's Compensation 15,351 Labor 15,965 16,444 16,937 17,445 17,969 108 Subtotal Personnel Expenses $991,573 $1,038,886 $1,081,121 $1,125,682 $1,172,749 $1,222,520 Operating Expenses 109 440-4040-535.31-10 Professional Services 45,000 Contractual $46,800 48,672 50,619 52,644 54,749 110 440-4040-535.34-10 Other Contractual Service 243,101 Contractual 252,825 262,938 273,456 284,394 295,770 111 440-4040-535.40-10 Travel & Per Diem 2,950 Inflation 3,024 3,102 3,180 3,256 3,331 112 440-4040-535.41-10 Telephone 0 Inflation 0 0 0 0 0 113 440-4040-535.41-15 Cellular 5 Inflation 5 5 5 6 6 114 440-4040-535.41-20 Internet 2,750 Inflation 2,819 2,892 2,964 3,035 3,105 115 440-4040-535.41-30 Legal Ads 0 Inflation 0 0 0 0 0 116 440-4040-535.41-40 Postage 14,475 Inflation 14,837 15,223 15,603 15,978 16,345 117 440-4040-535.43-10 Electric 187,460 WW-Elec 198,299 209,753 221,857 234,647 248,161 118 440-4040-535.43-30 Water / Sewer / Trash 12,798 Inflation 13,118 13,459 13,795 14,127 14,451 119 440-4040-535.44-10 Rent 6,000 Inflation 6,150 6,310 6,468 6,623 6,775 120 440-4040-535.46-10 Repair & Maintenance 192,243 Repair 148,010 152,451 157,024 161,735 166,587 121 440-4040-535.46-20 Fleet Charges 4,102 Repair 4,225 4,352 4,482 4,617 4,755 122 440-4040-535.47-10 Printing & Binding 5,333 Inflation 5,466 5,608 5,749 5,887 6,022 123 440-4040-535.47-20 Copier 1,400 Inflation 1,435 1,472 1,509 1,545 1,581 124 440-4040-535.48-10 Promotional Activities 1,550 Inflation 1,589 1,630 1,671 1,711 1,750 125 440-4040-535.49-01 Cost Allocation [2]146,552 Labor 152,414 156,987 161,696 166,547 171,543 126 440-4040-535.49-10 Other Charges/Obligations 6,400 Inflation 6,560 6,731 6,899 7,064 7,227 Page 3 of 5 Table 1-10 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Wastewater System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 127 440-4040-535.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 128 440-4040-535.51-10 Office Supplies 1,000 Inflation 1,025 1,052 1,078 1,104 1,129 129 440-4040-535.52-10 Operating Supplies 48,060 Inflation 49,262 50,542 51,806 53,049 54,269 130 440-4040-535.52-20 Unleaded & Diesel 2,553 Fuel 2,681 2,815 2,955 3,103 3,258 131 440-4040-535.52-25 Bulk Fuel 3,500 Fuel 3,675 3,859 4,052 4,254 4,467 132 440-4040-535.52-30 Uniforms 2,825 Inflation 2,896 2,971 3,045 3,118 3,190 133 440-4040-535.52-50 Chemical 166,162 WW-Chem 167,400 177,069 187,287 198,084 209,492 134 440-4040-535.54-10 Books, Pubs, Subs, & Mem 300 Inflation 308 315 323 331 339 135 440-4040-535.54-20 Educational Development 4,400 Inflation 4,510 4,627 4,743 4,857 4,968 136 Subtotal Operating Expenses $1,100,919 $1,089,331 $1,134,835 $1,182,267 $1,231,715 $1,283,273 137 Total Wastewater Department $2,092,492 $2,128,217 $2,215,956 $2,307,949 $2,404,464 $2,505,793 440-4050-539 Wastewater Collections 138 440-4050-539.12-10 Regular Salaries $188,864 Labor $196,419 $202,311 $208,380 $214,632 $221,071 139 AddPerCollections Additional Personnel 0 Input 0 0 0 0 0 140 440-4050-539.14-10 Overtime 16,078 Labor 16,721 17,223 17,739 18,272 18,820 141 440-4050-539.15-30 Cell Phone 423 Inflation 434 445 456 467 478 142 440-4050-539.15-60 Boot Allowance 500 Inflation 513 526 539 552 565 143 440-4050-539.21-10 FICA Taxes 11,285 Labor 11,736 12,088 12,451 12,825 13,209 144 440-4050-539.21-20 Medicare 2,640 Labor 2,746 2,828 2,913 3,000 3,090 145 440-4050-539.22-10 Retirement Contributions 0 Labor 0 0 0 0 0 146 440-4050-539.22-20 DCSE 22,164 Labor 23,051 23,742 24,454 25,188 25,944 147 440-4050-539.23-10 Life Insurance 842 General-Ins 884 928 975 1,023 1,075 148 440-4050-539.23-20 Group Medical Insurance 60,140 Health-Ins 66,154 72,769 80,046 88,051 96,856 149 440-4050-539.23-21 HRA Employer Contribution 3,150 Labor 3,276 3,374 3,476 3,580 3,687 150 440-4050-539.23-22 HRA Employer Contribution 250 Labor 260 268 276 284 293 151 440-4050-539.23-30 Dental Insurance 1,486 Health-Ins 1,635 1,798 1,978 2,176 2,393 152 440-4050-539.23-40 Long Term Disability 1,526 Health-Ins 1,679 1,846 2,031 2,234 2,458 153 440-4050-539.23-60 Broker & Admin. Fees 653 Health-Ins 718 790 869 956 1,052 154 440-4050-539.23-90 OPEB Expense 1,632 Marginal 1,648 1,664 1,681 1,698 1,715 155 440-4050-539.24-10 Worker's Compensation 4,205 Labor 4,373 4,504 4,640 4,779 4,922 156 Subtotal Personnel Expenses $315,838 $332,245 $347,106 $362,904 $379,716 $397,626 Operating Expenses 157 440-4050-539.34-10 Other Contractual Service 213 Contractual $222 230 240 249 259 158 440-4050-539.40-10 Travel & Per Diem 1,400 Inflation 1,435 1,472 1,509 1,545 1,581 159 440-4050-539.41-10 Telephone 220 Inflation 226 231 237 243 248 160 440-4050-539.41-15 Cellular 440 Inflation 451 463 474 486 497 161 440-4050-539.41-20 Internet 2,050 Inflation 2,101 2,156 2,210 2,263 2,315 162 440-4050-539.43-10 Electric 66,950 WW-Elec 70,821 74,912 79,235 83,802 88,629 163 440-4050-539.43-30 Water / Sewer / Trash 671 Inflation 688 706 723 741 758 164 440-4050-539.44-10 Rent 1,000 Inflation 1,025 1,052 1,078 1,104 1,129 165 440-4050-539.46-10 Repair & Maintenance 80,000 Repair 82,400 84,872 87,418 90,041 92,742 166 440-4050-539.46-20 Fleet Charges 20,291 Repair 20,900 21,527 22,173 22,838 23,523 167 440-4050-539.47-10 Printing & Binding 0 Inflation 0 0 0 0 0 168 440-4050-539.47-20 Copier 2,200 Inflation 2,255 2,314 2,371 2,428 2,484 169 440-4050-539.49-01 Cost Allocation [2]52,791 Labor 54,903 56,550 58,246 59,994 61,793 170 440-4050-539.49-10 Other Charges/Obligations 2,150 Inflation 2,204 2,261 2,318 2,373 2,428 171 440-4050-539.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 172 440-4050-539.51-10 Office Supplies 500 Inflation 513 526 539 552 565 173 440-4050-539.52-10 Operating Supplies 14,500 Inflation 14,863 15,249 15,630 16,005 16,373 174 440-4050-539.52-20 Unleaded & Diesel 17,719 Fuel 18,605 19,535 20,512 21,538 22,614 175 440-4050-539.52-30 Uniforms 1,080 Inflation 1,107 1,136 1,164 1,192 1,220 176 440-4050-539.52-50 Chemical 10,000 WW-Chem 10,074 10,656 11,271 11,921 12,608 177 440-4050-539.54-10 Books, Pubs, Subs, & Mem 0 Inflation 0 0 0 0 0 178 440-4050-539.54-20 Educational Development 650 Inflation 666 684 701 717 734 179 Subtotal Operating Expenses $274,825 $285,457 $296,531 $308,049 $320,032 $332,500 180 Total Wastewater Collections $590,663 $617,702 $643,637 $670,953 $699,748 $730,126 440-4080-539 Field Operations 181 440-4080-539.12-10 Regular Salaries $199,415 Labor $207,392 $213,614 $220,022 $226,623 $233,422 182 AddPerFieldOps Additional Personnel 0 Input 8,401 16,024 16,505 17,000 17,510 183 440-4080-539.12-20 DC ICMA 5,785 Labor 6,016 6,197 6,383 6,574 6,771 184 440-4080-539.14-10 Overtime 13,674 Labor 14,221 14,648 15,087 15,540 16,006 185 440-4080-539.15-30 Cell Phone 367 Inflation 376 386 395 405 414 186 440-4080-539.15-60 Boot Allowance 611 Inflation 626 643 659 674 690 187 440-4080-539.21-10 FICA Taxes 10,861 Labor 11,295 11,634 11,983 12,342 12,713 Page 4 of 5 Table 1-10 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Wastewater System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 188 440-4080-539.21-20 Medicare 2,540 Labor 2,642 2,721 2,803 2,887 2,973 189 440-4080-539.22-20 DCSE 16,653 Labor 17,319 17,839 18,374 18,925 19,493 190 440-4080-539.23-10 Life Insurance 782 General-Ins 821 862 905 951 998 191 440-4080-539.23-20 Group Medical Insurance 59,781 Health-Ins 65,759 72,335 79,569 87,525 96,278 192 440-4080-539.23-21 HSA Employer Contribution 1,894 Labor 1,970 2,029 2,090 2,152 2,217 193 440-4080-539.23-22 HRA Employer Contribution 713 Labor 741 764 786 810 834 194 440-4080-539.23-30 Dental Insurance 1,314 Health-Ins 1,445 1,590 1,749 1,924 2,116 195 440-4080-539.23-40 Long Term Disability 1,549 Health-Ins 1,704 1,874 2,062 2,268 2,495 196 440-4080-539.23-60 Broker & Admin. Fees 1,639 Health-Ins 1,803 1,983 2,181 2,399 2,639 197 440-4080-539.23-90 OPEB Expense 1,801 Marginal 1,819 1,837 1,855 1,874 1,893 198 440-4080-539.24-10 Worker's Compensation 6,138 Labor 6,384 6,575 6,773 6,976 7,185 199 Subtotal Personnel Costs $325,517 $350,735 $373,554 $390,181 $407,850 $426,648 Operating Expenses 200 440-4080-539.34-10 Other Contractual Service 53,443 Contractual $55,581 57,804 60,117 62,521 65,022 201 440-4080-539.40-10 Travel & Per Diem 1,614 Inflation 1,655 1,698 1,740 1,782 1,823 202 440-4080-539.41-10 Telephone 0 Inflation 0 0 0 0 0 203 440-4080-539.41-15 Cellular 358 Inflation 367 377 386 396 405 204 440-4080-539.41-20 Internet 338 Inflation 346 355 364 373 381 205 440-4080-539.41-40 Postage 0 Inflation 0 0 0 0 0 206 440-4080-539.46-10 Rent 407 Inflation 418 428 439 450 460 207 440-4080-539.46-10 Repair & Maintenance 291,477 Calculated 200,566 201,203 201,859 202,534 65,172 208 440-4080-539.46-20 Fleet Charges 14,178 Repair 14,604 15,042 15,493 15,958 16,436 209 440-4080-539.49-01 Cost Allocation [2]51,290 Labor 53,341 54,942 56,590 58,288 60,036 210 440-4080-539.49-10 Other Charges/Obligations 1,935 Inflation 1,983 2,035 2,086 2,136 2,185 211 440-4080-539.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 212 440-4080-539.51-10 Office Supplies 163 Inflation 167 171 176 180 184 213 440-4080-539.52-10 Operating Supplies 21,548 Inflation 22,086 22,661 23,227 23,785 24,332 214 440-4080-539.52-20 Unleaded & Diesel 13,597 Fuel 14,277 14,991 15,741 16,528 17,354 215 440-4080-539.52-30 Uniforms 957 Inflation 981 1,007 1,032 1,057 1,081 216 440-4080-539.54-10 Books, Pubs, Subs, & Mem 12 Inflation 13 13 13 13 14 217 440-4080-539.54-20 Educational Development 1,246 Inflation 1,278 1,311 1,344 1,376 1,407 218 Subtotal Operating Expenses $452,565 $367,663 $374,037 $380,605 $387,374 $256,293 219 Total Field Operations $778,082 $718,398 $747,591 $770,786 $795,224 $682,940 440-5555-580, 581, 589 Non-Departmental [4] 220 440-5555-580.22-10 Retirement Contributions $163,489 Labor $170,029 $175,129 $180,383 $185,795 $191,369 221 440-5555-580.23-80 PTO Expense 0 Eliminate 0 0 0 0 0 222 440-5555-580.31-10 Professional Services 12,811 Contractual 13,323 13,856 14,410 14,987 15,586 223 440-5555-580.32-10 Accounting & Auditing 0 Eliminate 0 0 0 0 0 224 440-5555-580.34-10 Other Contractual Service 0 Contractual 0 0 0 0 0 225 440-5555-580.45-10 General Liability 9,846 General-Ins 10,338 10,855 11,397 11,967 12,566 226 440-5555-580.45-15 Property 65,481 General-Ins 68,756 72,193 75,803 79,593 83,573 227 440-5555-580.45-20 Public Officials 7,480 Labor 7,780 8,013 8,253 8,501 8,756 228 440-5555-580.45-25 Automobile 9,941 General-Ins 10,438 10,960 11,508 12,084 12,688 229 440-5555-580.45-35 Environmental Liability 1,718 Inflation 1,761 1,807 1,852 1,896 1,940 230 440-5555-580.46-10 Repair & Maintenance 7,500 Repair 7,725 7,957 8,195 8,441 8,695 231 440-5555-580.49-10 Other Charges/Obligations 4,000 Inflation 4,100 4,207 4,312 4,415 4,517 232 440-5555-580.49-20 Bank Charges 0 Eliminate 0 0 0 0 0 233 440-5555-580.49-50 Write Off 0 Eliminate 0 0 0 0 0 234 440-5555-580.49-60 Hurricane Charges 0 Eliminate 0 0 0 0 0 235 440-5555-580.52-10 Operating Supplies 0 Eliminate 0 0 0 0 0 236 440-5555-580.59-10 Depreciation 0 Eliminate 0 0 0 0 0 237 440-5555-580.62-10 Buildings 0 Eliminate 0 0 0 0 0 238 440-5555-580.63-10 Improvements O/T Building 0 Eliminate 0 0 0 0 0 239 440-5555-580.64-10 Machinery & Equipment 0 Eliminate 0 0 0 0 0 240 440-5555-580.64-20 Motor Vehicles 0 Eliminate 0 0 0 0 0 241 440-5555-580.71-15 JCI Meters 0 Eliminate 0 0 0 0 0 242 440-5555-580.71-24 Refunding Bond Series 09 0 Eliminate 0 0 0 0 0 243 440-5555-580.71-26 BBT SRF Refinance 2012 0 Eliminate 0 0 0 0 0 244 440-5555-580.71-28 BBT Cap Imp Rev Note 2014 0 Eliminate 0 0 0 0 0 245 440-5555-580.71-29 St Rev Fund-WWTP R&R 2013 0 Eliminate 0 0 0 0 0 246 440-5555-580.71-38 BBT W&S Ref Rev Bnd 2016 0 Eliminate 0 0 0 0 0 247 440-5555-580.72-13 BOA Obligation #265 0 Eliminate 0 0 0 0 0 248 440-5555-580.71-40 Veh Lse 2016 Amer Cap Svc 0 Eliminate 0 0 0 0 0 249 440-5555-580.71-42 SRF 640530 Recl X Design 0 Eliminate 0 0 0 0 0 250 440-5555-580.72-15 JCI Meters 0 Eliminate 0 0 0 0 0 251 440-5555-580.72-20 State Revolving Fund 0 Eliminate 0 0 0 0 0 252 440-5555-580.72-24 Refunding Bond Series 09 0 Eliminate 0 0 0 0 0 253 440-5555-580.72-26 BBT SRF Refinance 2012 0 Eliminate 0 0 0 0 0 Page 5 of 5 Table 1-10 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Wastewater System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 254 440-5555-580.72-28 BBT Cap Imp Rev Note 2014 0 Eliminate 0 0 0 0 0 255 440-5555-580.72-29 St Rev Fund-WWTP R&R 2013 0 Eliminate 0 0 0 0 0 256 440-5555-580.72-38 BBT W&S Ref Rev Bnd 2016 0 Eliminate 0 0 0 0 0 257 440-5555-580.72-40 Veh Lse 2016 Amer Cap Svc 0 Eliminate 0 0 0 0 0 258 440-5555-580.72-42 SRF 640530 Recl X Design 0 Eliminate 0 0 0 0 0 259 440-5555-580.73-11 2013 SunTrust JCI 0 Eliminate 0 0 0 0 0 260 440-5555-580.73-21 Bond Issuance Cost - SRF 0 Eliminate 0 0 0 0 0 261 440-5555-580.73-41 BBT SRF Refinance 2012 0 Eliminate 0 0 0 0 0 262 440-5555-580.73-42 Cap Imp Rev Note Srs 2014 0 Eliminate 0 0 0 0 0 263 440-5555-581.03-31 Capital Fund 0 Eliminate 0 0 0 0 0 264 440-5555-581.04-44 Renewal And Replacement 0 Eliminate 0 0 0 0 0 265 440-5555-581.04-45 Wtr/Swr Rate Stabilization 0 Eliminate 0 0 0 0 0 266 440-5555-581.04-50 Public Works Complex - Debt Service 0 Eliminate 0 0 0 0 0 267 440-5555-581.05-01 MIS 0 Eliminate 0 0 0 0 0 268 440-5555-589.50-50 Stabilization - Estimated Savings 0 Eliminate 0 0 0 0 0 269 440-5555-581.10-01 General Fund 0 Eliminate 0 0 0 0 0 270 440-5555-589.10-01 Current Year Unreserved 0 Eliminate 0 0 0 0 0 271 Total Non-Departmental $282,266 $294,249 $304,977 $316,115 $327,679 $339,688 Other Adjustments 272 Contingency Contingency - 0.00% of O&M [5]$0 Input $0 $0 $0 $0 $0 273 BadDebt Bad Debt Expense - 0.25% of Rate Revs. [6]15,382 Input 16,802 17,398 18,016 18,655 19,318 274 Other Other Adjustments 0 WW-Op 0 0 0 0 0 275 Total Other Adjustments $15,382 $16,802 $17,398 $18,016 $18,655 $19,318 276 Grand Total Operating Budget $4,368,851 $4,467,522 $4,645,584 $4,824,720 $5,012,617 $5,071,786 Footnotes: [1]Fiscal Year 2020 amounts shown based on Table 1-7. [2]Budgeted amounts for the "Cost Allocation" line are to reimburse the General Fund for services that benefit the Utility. [3]Budgeted amounts for the PILOFF are transferred to the General Fund and are therefore excluded from the Cost of Operation and Maintenance for coverage purposes. These items have been adjusted from the budget and are accounted for in the summary of Revenue Requirements later in the rate model. [4]Amounts are adjusted from budget as shown herein since such capital outlay expenses and debt service payments are reflected in the Capital Improvements Plan or the Revenue Requirements part of the rate model. [5]A contingency of 0.00% of O&M was added to allow for unforeseen contingencies. [6]An allowance for bad debt expense of 0.25% of rate was recognized to account for uncollectible revenues. Page 1 of 5 Table 1-11 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Combined Water and Wastewater System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 440-4010-539 Administration Department 1 440-4010-539.12-10 Regular Salaries $350,147 Labor $364,153 $375,077 $386,330 $397,920 $409,857 2 AddPerAdmin Additional Personnel 0 Input 98,000 100,940 103,968 107,087 110,300 3 440-4010-539.14-10 Overtime 7,509 Labor 7,809 8,044 8,285 8,533 8,790 4 440-4010-539.15-30 Cell Phone 2,400 Inflation 2,460 2,524 2,587 2,649 2,710 5 440-4010-539.15-60 Boot Allowance 125 Inflation 128 131 135 138 141 6 440-4010-539.21-10 FICA Taxes 16,364 Labor 17,019 17,529 18,055 18,597 19,155 7 440-4010-539.21-20 Medicare 3,827 Labor 3,980 4,099 4,222 4,349 4,480 8 440-4010-539.22-10 Retirement Contributions 0 Labor 0 0 0 0 0 9 440-4010-539.22-20 DCSE 31,629 Labor 32,894 33,881 34,897 35,944 37,023 10 440-4010-539.23-10 Life Insurance 1,202 General-Ins 1,262 1,325 1,391 1,461 1,534 11 440-4010-539.23-20 Group Medical Insurance 64,465 Health-Ins 70,912 78,003 85,803 94,383 103,822 12 440-4010-539.23-21 HSA Employer Contribution 1,500 Labor 1,560 1,607 1,655 1,705 1,756 13 440-4010-539.23-22 HRA Employer Contribution 1,000 Labor 1,040 1,071 1,103 1,136 1,171 14 440-4010-539.23-30 Dental Insurance 2,294 Health-Ins 2,523 2,776 3,053 3,359 3,695 15 440-4010-539.23-40 Long Term Disability 2,162 Health-Ins 2,378 2,616 2,878 3,165 3,482 16 440-4010-539.23-60 Broker & Admin. Fees 1,562 Health-Ins 1,718 1,890 2,079 2,287 2,516 17 440-4010-539.23-90 OPEB Expense 0 Marginal 0 0 0 0 0 18 440-4010-539.24-10 Worker's Compensation 431 Labor 448 462 476 490 504 19 Subtotal Personnel Expenses $486,617 $608,285 $631,975 $656,918 $683,204 $710,933 Operating Expenses 20 440-4010-539.34-10 Other Contractual Service $3,504 Contractual $3,644 $3,790 $3,942 $4,099 $4,263 21 440-4010-539.40-10 Travel & Per Diem 3,900 Inflation 3,998 4,101 4,204 4,305 4,404 22 440-4010-539.41-10 Telephone 435 Inflation 446 457 469 480 491 23 440-4010-539.41-20 Internet 5,400 Inflation 5,535 5,679 5,821 5,961 6,098 24 440-4010-539.41-40 Postage 0 Inflation 0 0 0 0 0 25 440-4010-539.43-10 Electric 4,223 Electricity 4,434 4,656 4,889 5,133 5,390 26 440-4010-539.46-10 Repair & Maintenance 2,300 Repair 2,369 2,440 2,513 2,589 2,666 27 440-4010-539.46-20 Fleet Charges 1,201 Repair 1,237 1,274 1,312 1,352 1,392 28 440-4010-539.47-20 Copier 5,900 Inflation 6,048 6,205 6,360 6,512 6,662 29 440-4010-539.49-01 Cost Allocation [2]541,781 Labor 563,452 580,356 597,766 615,699 634,170 30 440-4010-539.49-10 Other Charges/Obligations 200 Inflation 205 210 216 221 226 31 440-4010-539.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 32 440-4010-539.51-10 Office Supplies 1,500 Inflation 1,538 1,577 1,617 1,656 1,694 33 440-4010-539.52-10 Operating Supplies 2,000 Inflation 2,050 2,103 2,156 2,208 2,258 34 440-4010-539.52-20 Unleaded & Diesel 1,628 Fuel 1,709 1,795 1,885 1,979 2,078 35 440-4010-539.52-30 Uniforms 1,025 Inflation 1,051 1,078 1,105 1,131 1,157 36 440-4010-539.54-10 Books, Pubs, Subs, & Mem 8,267 Inflation 8,474 8,694 8,911 9,125 9,335 37 440-4010-539.54-20 Educational Development 3,950 Inflation 4,049 4,154 4,258 4,360 4,460 38 Subtotal Operating Expenses $587,214 $610,237 $628,570 $647,423 $666,810 $686,746 39 Total Administration Department $1,073,831 $1,218,522 $1,260,546 $1,304,341 $1,350,014 $1,397,679 440-4030-533 Water Department 40 440-4030-533.12-10 Regular Salaries $488,675 Labor $508,222 $523,469 $539,173 $555,348 $572,008 41 AddPerWater Additional Personnel 0 Input 0 0 0 0 0 42 440-4030-533.12-20 DC ICMA 14,469 Labor 15,048 15,499 15,964 16,443 16,936 43 440-4030-533.14-10 Overtime 31,346 Labor 32,600 33,578 34,585 35,623 36,691 44 440-4030-533.15-30 Cell Phone 900 Inflation 923 946 970 993 1,016 45 440-4030-533.15-60 Boot Allowance 1,250 Inflation 1,281 1,315 1,347 1,380 1,411 46 440-4030-533.21-10 FICA Taxes 27,160 Labor 28,246 29,094 29,967 30,866 31,792 47 440-4030-533.21-20 Medicare 6,352 Labor 6,606 6,804 7,008 7,219 7,435 48 440-4030-533.22-10 Retirement Contributions 0 Labor 0 0 0 0 0 49 440-4030-533.22-20 DCSE 40,842 Labor 42,476 43,750 45,062 46,414 47,807 50 440-4030-533.23-10 Life Insurance 2,102 General-Ins 2,207 2,317 2,433 2,555 2,683 51 440-4030-533.23-20 Group Medical Insurance 129,604 Health-Ins 142,564 156,821 172,503 189,753 208,729 52 440-4030-533.23-21 HSA Employer Contribution 8,400 Labor 8,736 8,998 9,268 9,546 9,832 53 440-4030-533.23-22 HRA Employer Contribution 750 Labor 780 803 828 852 878 54 440-4030-533.23-30 Dental Insurance 3,078 Health-Ins 3,386 3,724 4,097 4,506 4,957 55 440-4030-533.23-40 Long Term Disability 3,794 Health-Ins 4,173 4,591 5,050 5,555 6,110 56 440-4030-533.23-60 Broker & Admin. Fees 3,163 Health-Ins 3,479 3,827 4,210 4,631 5,094 57 440-4030-533.23-90 OPEB Expense 4,759 Marginal 4,807 4,855 4,904 4,953 5,002 58 440-4030-533.24-10 Worker's Compensation 15,120 Labor 15,725 16,197 16,682 17,183 17,698 59 Subtotal Personnel Expenses $781,764 $821,259 $856,588 $894,051 $933,820 $976,081 Operating Expenses 60 440-4030-533.31-10 Professional Services $56,950 Contractual $59,228 $61,597 $64,061 $66,623 $69,288 61 440-4030-533.34-10 Other Contractual Service 117,865 Contractual 122,580 127,483 132,582 137,885 143,401 62 440-4030-533.40-10 Travel & Per Diem 800 Inflation 820 841 862 883 903 63 440-4030-533.41-10 Telephone 220 Inflation 226 231 237 243 248 64 440-4030-533.41-11 Cell Phone 0 Inflation 0 0 0 0 0 65 440-4030-533.41-15 Cellular 35 Inflation 36 37 38 39 40 66 440-4030-533.41-20 Internet 2,100 Inflation 2,153 2,208 2,264 2,318 2,371 67 440-4030-533.41-30 Legal Ads 0 Inflation 0 0 0 0 0 Page 2 of 5 Table 1-11 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Combined Water and Wastewater System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 68 440-4030-533.41-40 Postage 14,475 Inflation 14,837 15,223 15,603 15,978 16,345 69 440-4030-533.43-10 Electric 157,796 W-Elec 166,520 175,721 185,427 195,664 206,461 70 440-4030-533.44-10 Rent 1,310 Inflation 1,343 1,378 1,412 1,446 1,479 71 440-4030-533.46-10 Repair & Maintenance 71,357 Repair 73,498 75,703 77,974 80,313 82,722 72 440-4030-533.46-20 Fleet Charges 2,401 Repair 2,473 2,547 2,624 2,702 2,783 73 440-4030-533.47-10 Printing & Binding 1,833 Inflation 1,879 1,928 1,976 2,023 2,070 74 440-4030-533.47-20 Copier 1,400 Inflation 1,435 1,472 1,509 1,545 1,581 75 440-4030-533.48-10 Promotional Activities 5,175 Inflation 5,304 5,442 5,578 5,712 5,844 76 440-4030-533.49-01 Cost Allocation [2]155,175 Labor 161,382 166,223 171,210 176,346 181,637 77 440-4030-533.49-10 Other Charges/Obligations 21,600 Inflation 22,140 22,716 23,284 23,842 24,391 78 440-4030-533.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 79 440-4030-533.51-10 Office Supplies 650 Inflation 666 684 701 717 734 80 440-4030-533.52-10 Operating Supplies 28,050 Inflation 28,751 29,499 30,236 30,962 31,674 81 440-4030-533.52-20 Unleaded & Diesel 4,774 Fuel 5,013 5,263 5,527 5,803 6,093 82 440-4030-533.52-25 Bulk Fuel 7,000 Fuel 7,350 7,718 8,103 8,509 8,934 83 440-4030-533.52-30 Uniforms 2,075 Inflation 2,127 2,182 2,237 2,290 2,343 84 440-4030-533.52-50 Chemical 436,282 W-Chem 438,478 462,708 488,264 515,219 543,650 85 440-4030-533.54-10 Books, Pubs, Subs, & Mem 1,120 Inflation 1,148 1,178 1,207 1,236 1,265 86 440-4030-533.54-20 Educational Development 1,075 Inflation 1,102 1,131 1,159 1,187 1,214 87 Subtotal Operating Expenses $1,091,518 $1,120,487 $1,171,112 $1,224,074 $1,279,487 $1,337,471 88 Total Water Department $1,873,282 $1,941,746 $2,027,701 $2,118,126 $2,213,307 $2,313,552 440-4040-535 Wastewater Department 89 440-4040-535.12-10 Regular Salaries $635,856 Labor $661,290 $681,129 $701,563 $722,610 $744,288 90 AddPerWastewater Additional Personnel 0 Input 0 0 0 0 0 91 440-4040-535.13-10 Other Salaries 0 Labor 0 0 0 0 0 92 440-4040-535.14-10 Overtime 61,568 Labor 64,031 65,952 67,930 69,968 72,067 93 440-4040-535.15-30 Cell Phone 1,692 Inflation 1,734 1,779 1,824 1,868 1,911 94 440-4040-535.15-40 Insurance Payback 4,800 Health-Ins 5,280 5,808 6,389 7,028 7,730 95 440-4040-535.15-60 Boot Allowance 1,500 Inflation 1,538 1,577 1,617 1,656 1,694 96 440-4040-535.21-10 FICA Taxes 36,008 Labor 37,448 38,572 39,729 40,921 42,148 97 440-4040-535.21-20 Medicare 8,421 Labor 8,758 9,021 9,291 9,570 9,857 98 440-4040-535.22-10 Retirement Contributions 0 Labor 0 0 0 0 0 99 440-4040-535.22-20 DCSE 71,082 Inflation 72,859 74,753 76,622 78,461 80,266 100 440-4040-535.23-10 Life Insurance 2,701 General-Ins 2,836 2,978 3,127 3,283 3,447 101 440-4040-535.23-20 Group Medical Insurance 131,391 Health-Ins 144,530 158,983 174,881 192,370 211,607 102 440-4040-535.23-21 HSA Employer Contribution 1,300 Labor 1,352 1,393 1,434 1,477 1,522 103 440-4040-535.23-22 HRA Employer Contribution 2,000 Labor 2,080 2,142 2,207 2,273 2,341 104 440-4040-535.23-30 Dental Insurance 3,780 Health-Ins 4,158 4,574 5,031 5,534 6,088 105 440-4040-535.23-40 Long Term Disability 4,880 Health-Ins 5,368 5,905 6,495 7,145 7,859 106 440-4040-535.23-60 Broker & Admin. Fees 3,597 Health-Ins 3,957 4,352 4,788 5,266 5,793 107 440-4040-535.23-90 OPEB 5,646 Marginal 5,702 5,759 5,817 5,875 5,933 108 440-4040-535.24-10 Worker's Compensation 15,351 Labor 15,965 16,444 16,937 17,445 17,969 109 Subtotal Personnel Expenses $991,573 $1,038,886 $1,081,121 $1,125,682 $1,172,749 $1,222,520 Operating Expenses 110 440-4040-535.31-10 Professional Services $45,000 Contractual $46,800 $48,672 $50,619 $52,644 $54,749 111 440-4040-535.34-10 Other Contractual Service 243,101 Contractual 252,825 262,938 273,456 284,394 295,770 112 440-4040-535.40-10 Travel & Per Diem 2,950 Inflation 3,024 3,102 3,180 3,256 3,331 113 440-4040-535.41-10 Telephone 0 Inflation 0 0 0 0 0 114 440-4040-535.41-15 Cellular 5 Inflation 5 5 5 6 6 115 440-4040-535.41-20 Internet 2,750 Inflation 2,819 2,892 2,964 3,035 3,105 116 440-4040-535.41-30 Legal Ads 0 Inflation 0 0 0 0 0 117 440-4040-535.41-40 Postage 14,475 Inflation 14,837 15,223 15,603 15,978 16,345 118 440-4040-535.43-10 Electric 187,460 WW-Elec 198,299 209,753 221,857 234,647 248,161 119 440-4040-535.43-30 Water / Sewer / Trash 12,798 Inflation 13,118 13,459 13,795 14,127 14,451 120 440-4040-535.44-10 Rent 6,000 Inflation 6,150 6,310 6,468 6,623 6,775 121 440-4040-535.46-10 Repair & Maintenance 192,243 Repair 148,010 152,451 157,024 161,735 166,587 122 440-4040-535.46-20 Fleet Charges 4,102 Repair 4,225 4,352 4,482 4,617 4,755 123 440-4040-535.47-10 Printing & Binding 5,333 Inflation 5,466 5,608 5,749 5,887 6,022 124 440-4040-535.47-20 Copier 1,400 Inflation 1,435 1,472 1,509 1,545 1,581 125 440-4040-535.48-10 Promotional Activities 1,550 Inflation 1,589 1,630 1,671 1,711 1,750 126 440-4040-535.49-01 Cost Allocation [2]146,552 Labor 152,414 156,987 161,696 166,547 171,543 127 440-4040-535.49-10 Other Charges/Obligations 6,400 Inflation 6,560 6,731 6,899 7,064 7,227 128 440-4040-535.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 129 440-4040-535.51-10 Office Supplies 1,000 Inflation 1,025 1,052 1,078 1,104 1,129 130 440-4040-535.52-10 Operating Supplies 48,060 Inflation 49,262 50,542 51,806 53,049 54,269 131 440-4040-535.52-20 Unleaded & Diesel 2,553 Fuel 2,681 2,815 2,955 3,103 3,258 132 440-4040-535.52-25 Bulk Fuel 3,500 Fuel 3,675 3,859 4,052 4,254 4,467 133 440-4040-535.52-30 Uniforms 2,825 Inflation 2,896 2,971 3,045 3,118 3,190 134 440-4040-535.52-50 Chemical 166,162 WW-Chem 167,400 177,069 187,287 198,084 209,492 135 440-4040-535.54-10 Books, Pubs, Subs, & Mem 300 Inflation 308 315 323 331 339 136 440-4040-535.54-20 Educational Development 4,400 Inflation 4,510 4,627 4,743 4,857 4,968 137 Subtotal Operating Expenses $1,100,919 $1,089,331 $1,134,835 $1,182,267 $1,231,715 $1,283,273 Page 3 of 5 Table 1-11 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Combined Water and Wastewater System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 138 Total Wastewater Department $2,092,492 $2,128,217 $2,215,956 $2,307,949 $2,404,464 $2,505,793 440-4050-539 Wastewater Collections 139 440-4050-539.12-10 Regular Salaries $188,864 Labor $196,419 $202,311 $208,380 $214,632 $221,071 140 AddPerCollections Additional Personnel 0 Input 0 0 0 0 0 141 440-4050-539.14-10 Overtime 16,078 Labor 16,721 17,223 17,739 18,272 18,820 142 440-4050-539.15-30 Cell Phone 423 Inflation 434 445 456 467 478 143 440-4050-539.15-60 Boot Allowance 500 Inflation 513 526 539 552 565 144 440-4050-539.21-10 FICA Taxes 11,285 Labor 11,736 12,088 12,451 12,825 13,209 145 440-4050-539.21-20 Medicare 2,640 Labor 2,746 2,828 2,913 3,000 3,090 146 440-4050-539.22-10 Retirement Contributions 0 Labor 0 0 0 0 0 147 440-4050-539.22-20 DCSE 22,164 Labor 23,051 23,742 24,454 25,188 25,944 148 440-4050-539.23-10 Life Insurance 842 General-Ins 884 928 975 1,023 1,075 149 440-4050-539.23-20 Group Medical Insurance 60,140 Health-Ins 66,154 72,769 80,046 88,051 96,856 150 440-4050-539.23-21 HRA Employer Contribution 3,150 Labor 3,276 3,374 3,476 3,580 3,687 151 440-4050-539.23-22 HRA Employer Contribution 250 Labor 260 268 276 284 293 152 440-4050-539.23-30 Dental Insurance 1,486 Health-Ins 1,635 1,798 1,978 2,176 2,393 153 440-4050-539.23-40 Long Term Disability 1,526 Health-Ins 1,679 1,846 2,031 2,234 2,458 154 440-4050-539.23-60 Broker & Admin. Fees 653 Health-Ins 718 790 869 956 1,052 155 440-4050-539.23-90 OPEB Expense 1,632 Marginal 1,648 1,664 1,681 1,698 1,715 156 440-4050-539.24-10 Worker's Compensation 4,205 Labor 4,373 4,504 4,640 4,779 4,922 157 Subtotal Personnel Expenses $315,838 $332,245 $347,106 $362,904 $379,716 $397,626 Operating Expenses 158 440-4050-539.34-10 Other Contractual Service $213 Contractual $222 $230 $240 $249 $259 159 440-4050-539.40-10 Travel & Per Diem 1,400 Inflation 1,435 1,472 1,509 1,545 1,581 160 440-4050-539.41-10 Telephone 220 Inflation 226 231 237 243 248 161 440-4050-539.41-15 Cellular 440 Inflation 451 463 474 486 497 162 440-4050-539.41-20 Internet 2,050 Inflation 2,101 2,156 2,210 2,263 2,315 163 440-4050-539.43-10 Electric 66,950 WW-Elec 70,821 74,912 79,235 83,802 88,629 164 440-4050-539.43-30 Water / Sewer / Trash 671 Inflation 688 706 723 741 758 165 440-4050-539.44-10 Rent 1,000 Inflation 1,025 1,052 1,078 1,104 1,129 166 440-4050-539.46-10 Repair & Maintenance 80,000 Repair 82,400 84,872 87,418 90,041 92,742 167 440-4050-539.46-20 Fleet Charges 20,291 Repair 20,900 21,527 22,173 22,838 23,523 168 440-4050-539.47-10 Printing & Binding 0 Inflation 0 0 0 0 0 169 440-4050-539.47-20 Copier 2,200 Inflation 2,255 2,314 2,371 2,428 2,484 170 440-4050-539.49-01 Cost Allocation [2]52,791 Labor 54,903 56,550 58,246 59,994 61,793 171 440-4050-539.49-10 Other Charges/Obligations 2,150 Inflation 2,204 2,261 2,318 2,373 2,428 172 440-4050-539.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 173 440-4050-539.51-10 Office Supplies 500 Inflation 513 526 539 552 565 174 440-4050-539.52-10 Operating Supplies 14,500 Inflation 14,863 15,249 15,630 16,005 16,373 175 440-4050-539.52-20 Unleaded & Diesel 17,719 Fuel 18,605 19,535 20,512 21,538 22,614 176 440-4050-539.52-30 Uniforms 1,080 Inflation 1,107 1,136 1,164 1,192 1,220 177 440-4050-539.52-50 Chemical 10,000 WW-Chem 10,074 10,656 11,271 11,921 12,608 178 440-4050-539.54-10 Books, Pubs, Subs, & Mem 0 Inflation 0 0 0 0 0 179 440-4050-539.54-20 Educational Development 650 Inflation 666 684 701 717 734 180 Subtotal Operating Expenses $274,825 $285,457 $296,531 $308,049 $320,032 $332,500 181 Total Wastewater Collections $590,663 $617,702 $643,637 $670,953 $699,748 $730,126 440-4080-539 Field Operations 182 440-4080-539.12-10 Regular Salaries $489,570 Labor $509,153 $524,427 $540,160 $556,365 $573,056 183 AddPerFieldOps Additional Personnel 0 Input 16,803 37,015 38,125 39,269 40,447 184 440-4080-539.12-20 DC ICMA 14,202 Labor 14,770 15,213 15,670 16,140 16,624 185 440-4080-539.14-10 Overtime 33,571 Labor 34,914 35,961 37,040 38,151 39,296 186 440-4080-539.15-30 Cell Phone 900 Inflation 923 946 970 993 1,016 187 440-4080-539.15-60 Boot Allowance 1,500 Inflation 1,538 1,577 1,617 1,656 1,694 188 440-4080-539.21-10 FICA Taxes 26,663 Labor 27,730 28,561 29,418 30,301 31,210 189 440-4080-539.21-20 Medicare 6,236 Labor 6,485 6,680 6,880 7,087 7,299 190 440-4080-539.22-20 DCSE 40,884 Labor 42,519 43,795 45,109 46,462 47,856 191 440-4080-539.23-10 Life Insurance 1,920 General-Ins 2,016 2,117 2,223 2,334 2,450 192 440-4080-539.23-20 Group Medical Insurance 146,764 Health-Ins 161,440 177,584 195,343 214,877 236,365 193 440-4080-539.23-21 HSA Employer Contribution 4,650 Labor 4,836 4,981 5,131 5,284 5,443 194 440-4080-539.23-22 HRA Employer Contribution 1,750 Labor 1,820 1,875 1,931 1,989 2,048 195 440-4080-539.23-30 Dental Insurance 3,226 Health-Ins 3,549 3,903 4,294 4,723 5,196 196 440-4080-539.23-40 Long Term Disability 3,803 Health-Ins 4,183 4,602 5,062 5,568 6,125 197 440-4080-539.23-60 Broker & Admin. Fees 4,023 Health-Ins 4,425 4,868 5,355 5,890 6,479 198 440-4080-539.23-90 OPEB Expense 4,421 Marginal 4,465 4,510 4,555 4,600 4,646 199 440-4080-539.24-10 Worker's Compensation 15,070 Labor 15,673 16,143 16,627 17,126 17,640 200 Subtotal Personnel Costs $799,153 $857,241 $914,760 $955,509 $998,816 $1,044,890 Operating Expenses 201 440-4080-539.34-10 Other Contractual Service $131,205 Contractual $136,453 $141,911 $147,588 $153,491 $159,631 202 440-4080-539.40-10 Travel & Per Diem 3,963 Inflation 4,062 4,168 4,272 4,374 4,475 Page 4 of 5 Table 1-11 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Combined Water and Wastewater System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 203 440-4080-539.41-10 Telephone 0 Inflation 0 0 0 0 0 204 440-4080-539.41-15 Cellular 880 Inflation 902 925 949 971 994 205 440-4080-539.41-20 Internet 829 Inflation 850 872 894 915 936 206 440-4080-539.41-40 Postage 0 Inflation 0 0 0 0 0 207 440-4080-539.44-10 Rent 1,000 Inflation 1,025 1,052 1,078 1,104 1,129 208 440-4080-539.46-10 Repair & Maintenance 602,690 Calculated 492,394 493,958 495,568 497,227 160,000 209 440-4080-539.46-20 Fleet Charges 34,808 Repair 35,852 36,928 38,036 39,177 40,352 210 440-4080-539.49-01 Cost Allocation [2]125,918 Labor 130,955 134,883 138,930 143,098 147,391 211 440-4080-539.49-10 Other Charges/Obligations 4,750 Inflation 4,869 4,995 5,120 5,243 5,364 212 440-4080-539.49-40 PILOFF Water & Sewer [3]0 Eliminate 0 0 0 0 0 213 440-4080-539.51-10 Office Supplies 400 Inflation 410 421 431 442 452 214 440-4080-539.52-10 Operating Supplies 52,900 Inflation 54,223 55,632 57,023 58,392 59,735 215 440-4080-539.52-20 Unleaded & Diesel 33,382 Fuel 35,051 36,804 38,644 40,576 42,605 216 440-4080-539.52-30 Uniforms 2,350 Inflation 2,409 2,471 2,533 2,594 2,654 217 440-4080-539.54-10 Books, Pubs, Subs, & Mem 30 Inflation 31 32 32 33 34 218 440-4080-539.54-20 Educational Development 3,060 Inflation 3,137 3,218 3,299 3,378 3,455 219 Subtotal Operating Expenses $998,165 $902,622 $918,270 $934,396 $951,015 $629,205 220 Total Field Operations $1,797,318 $1,759,863 $1,833,030 $1,889,905 $1,949,830 $1,674,096 440-5555-580, 581, 589 Non-Departmental [4] 221 440-5555-580.22-10 Retirement Contributions $326,978 Labor $340,057 $350,259 $360,767 $371,590 $382,737 222 440-5555-580.23-80 PTO Expense 0 Eliminate 0 0 0 0 0 223 440-5555-580.31-10 Professional Services 23,426 Contractual 24,363 25,338 26,351 27,405 28,501 224 440-5555-580.32-10 Accounting & Auditing 0 Eliminate 0 0 0 0 0 225 440-5555-580.34-10 Other Contractual Service 0 Contractual 0 0 0 0 0 226 440-5555-580.45-10 General Liability 16,975 General-Ins 17,824 18,715 19,651 20,633 21,665 227 440-5555-580.45-15 Property 112,899 General-Ins 118,544 124,471 130,695 137,229 144,091 228 440-5555-580.45-20 Public Officials 13,679 Labor 14,226 14,653 15,093 15,545 16,012 229 440-5555-580.45-25 Automobile 17,140 General-Ins 17,997 18,897 19,842 20,834 21,875 230 440-5555-580.45-35 Environmental Liability 3,436 Inflation 3,522 3,613 3,704 3,793 3,880 231 440-5555-580.46-10 Repair & Maintenance 15,000 Repair 15,450 15,914 16,391 16,883 17,389 232 440-5555-580.49-10 Other Charges/Obligations 8,000 Inflation 8,200 8,413 8,624 8,830 9,034 233 440-5555-580.49-20 Bank Charges 0 Eliminate 0 0 0 0 0 234 440-5555-580.49-50 Write Off 0 Eliminate 0 0 0 0 0 235 440-5555-580.49-60 Hurricane Charges 0 Eliminate 0 0 0 0 0 236 440-5555-580.52-10 Operating Supplies 0 Eliminate 0 0 0 0 0 237 440-5555-580.62-10 Depreciation 0 Eliminate 0 0 0 0 0 238 440-5555-580.63-10 Buildings 0 Eliminate 0 0 0 0 0 239 440-5555-580.64-10 Improvements O/T Building 0 Eliminate 0 0 0 0 0 240 440-5555-580.64-10 Machinery & Equipment 0 Eliminate 0 0 0 0 0 241 440-5555-580.64-20 Motor Vehicles 0 Eliminate 0 0 0 0 0 242 440-5555-580.71-15 JCI Meters 0 Eliminate 0 0 0 0 0 243 440-5555-580.71-24 Refunding Bond Series 09 0 Eliminate 0 0 0 0 0 244 440-5555-580.71-26 BBT SRF Refinance 2012 0 Eliminate 0 0 0 0 0 245 440-5555-580.71-28 BBT Cap Imp Rev Note 2014 0 Eliminate 0 0 0 0 0 246 440-5555-580.71-29 St Rev Fund-WWTP R&R 2013 0 Eliminate 0 0 0 0 0 247 440-5555-580.71-38 BBT W&S Ref Rev Bnd 2016 0 Eliminate 0 0 0 0 0 248 440-5555-580.72-13 BOA Obligation #265 0 Eliminate 0 0 0 0 0 249 440-5555-580.71-40 Veh Lse 2016 Amer Cap Svc 0 Eliminate 0 0 0 0 0 250 440-5555-580.71-42 SRF 640530 Recl X Design 0 Eliminate 0 0 0 0 0 251 440-5555-580.72-15 JCI Meters 0 Eliminate 0 0 0 0 0 252 440-5555-580.72-20 State Revolving Fund 0 Eliminate 0 0 0 0 0 253 440-5555-580.72-24 Refunding Bond Series 09 0 Eliminate 0 0 0 0 0 254 440-5555-580.72-26 BBT SRF Refinance 2012 0 Eliminate 0 0 0 0 0 255 440-5555-580.72-28 BBT Cap Imp Rev Note 2014 0 Eliminate 0 0 0 0 0 256 440-5555-580.72-29 St Rev Fund-WWTP R&R 2013 0 Eliminate 0 0 0 0 0 257 440-5555-580.72-38 BBT W&S Ref Rev Bnd 2016 0 Eliminate 0 0 0 0 0 258 440-5555-580.72-40 Veh Lse 2016 Amer Cap Svc 0 Eliminate 0 0 0 0 0 259 440-5555-580.72-42 SRF 640530 Recl X Design 0 Eliminate 0 0 0 0 0 260 440-5555-580.73-11 2013 SunTrust JCI 0 Eliminate 0 0 0 0 0 261 440-5555-580.73-21 Bond Issuance Cost - SRF 0 Eliminate 0 0 0 0 0 262 440-5555-580.73-41 BBT SRF Refinance 2012 0 Eliminate 0 0 0 0 0 263 440-5555-580.73-42 Cap Imp Rev Note Srs 2014 0 Eliminate 0 0 0 0 0 264 440-5555-581.03-31 Capital Fund 0 Eliminate 0 0 0 0 0 265 440-5555-581.04-44 Renewal And Replacement 0 Eliminate 0 0 0 0 0 266 440-5555-581.04-45 Wtr/Swr Rate Stabilization 0 Eliminate 0 0 0 0 0 267 440-5555-581.04-50 Public Works Complex - Debt Service 0 Eliminate 0 0 0 0 0 268 440-5555-581.05-01 MIS 0 Eliminate 0 0 0 0 0 269 440-5555-589.50-50 Stabilization - Estimated Savings 0 Eliminate 0 0 0 0 0 270 440-5555-581.10-01 General Fund 0 Eliminate 0 0 0 0 0 271 440-5555-589.10-01 Current Year Unreserved 0 Eliminate 0 0 0 0 0 272 Total Non-Departmental $537,533 $560,183 $580,272 $601,116 $622,742 $645,184 Page 5 of 5 Table 1-11 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Combined Water and Wastewater System Operating Expenses Escalator Control Test Line Adjusted [1]Escalation Projected Fiscal Year Ending September 30th, No.Cost Center Code Description 2020 Factor 2021 2022 2023 2024 2025 Other Adjustments 273 Contingency Contingency - 0.00% of O&M [5]$0 Input $0 $0 $0 $0 $0 274 BadDebt Bad Debt Expense - 0.25% of Rate Revs. [6]28,178 Input 30,761 31,961 33,098 34,275 35,494 275 Other Other Adjustments - Retirement Benefits 0 Op Expense 0 0 0 0 0 276 Total Other Adjustments $28,178 $30,761 $31,961 $33,098 $34,275 $35,494 277 Grand Total Operating Budget $7,993,296 $8,256,993 $8,593,102 $8,925,486 $9,274,380 $9,301,923 Footnotes: [1]Fiscal Year 2020 amounts shown based on Table 1-7. [2]Budgeted amounts for the "Cost Allocation" line are to reimburse the General Fund for services that benefit the Utility. [3]Budgeted amounts for the PILOFF are transferred to the General Fund and are therefore excluded from the Cost of Operation and Maintenance for coverage purposes. These items have been adjusted from the budget and are accounted for in the summary of Revenue Requirements later in the rate model. [4]Amounts are adjusted from budget as shown herein since such capital outlay expenses and debt service payments are reflected in the Capital Improvements Plan or the Revenue Requirements part of the rate model. [5]A contingency of 0.00% of O&M was added to allow for unforeseen contingencies. [6]An allowance for bad debt expense of 0.25% of rate was recognized to account for uncollectible revenues. Page 1 of 1 Table 1-12 City of Edgewater, Florida Water and Wastewater Utility Rate Study Summary of Projected Escalation Factors Line Escalation Fiscal Year Ending September 30th, No.Description Factor 2021 2022 2023 2024 2025 1 Constant Constant 1.0000 1.0000 1.0000 1.0000 1.0000 2 Eliminate Eliminate 0.0000 0.0000 0.0000 0.0000 0.0000 3 Marginal Marginal 1.0100 1.0100 1.0100 1.0100 1.0100 4 Inflation (CPI) [1]Inflation 1.0250 1.0260 1.0250 1.0240 1.0230 5 Labor Labor 1.0400 1.0300 1.0300 1.0300 1.0300 6 Benefits Benefits 1.0500 1.0500 1.0500 1.0500 1.0500 7 Health Insurance Health-Ins 1.1000 1.1000 1.1000 1.1000 1.1000 8 General Insurance General-Ins 1.0500 1.0500 1.0500 1.0500 1.0500 9 Contractual Contractual 1.0400 1.0400 1.0400 1.0400 1.0400 10 Repair (ENR Average)Repair 1.0300 1.0300 1.0300 1.0300 1.0300 11 Chemicals Chemicals 1.0000 1.0500 1.0500 1.0500 1.0500 12 Electricity Electricity 1.0500 1.0500 1.0500 1.0500 1.0500 13 Fuel & Oil Fuel 1.0500 1.0500 1.0500 1.0500 1.0500 14 Water Customer Accounts W-Accounts 1.0072 1.0072 1.0071 1.0071 1.0070 15 Wastewater Customer Accounts WW-Accounts 1.0078 1.0078 1.0077 1.0077 1.0076 16 Treated Water Flows W-Flows 1.0050 1.0050 1.0050 1.0050 1.0049 17 Treated Wastewater Flows WW-Flows 1.0074 1.0074 1.0073 1.0073 1.0072 18 Water Flows + Chemicals W-Chem 1.0050 1.0553 1.0552 1.0552 1.0552 19 Water Flows + Electricity W-Elec 1.0553 1.0553 1.0552 1.0552 1.0552 20 Wastewater Flows + Chemicals WW-Chem 1.0074 1.0578 1.0577 1.0576 1.0576 21 Wastewater Flows + Electricity WW-Elec 1.0578 1.0578 1.0577 1.0576 1.0576 22 Change in Water Customers W-Growth 0.2857 1.0000 1.0000 1.0000 1.0000 23 Change in Wastewater Customers WW-Growth 1.0000 1.0000 1.0000 1.0000 1.0000 24 Change in Reclaimed Customers RC-Growth 1.0000 1.0000 1.0000 1.0000 1.0000 25 Water Rate Revenues W-Rev 1.0064 1.0064 1.0064 1.0063 1.0063 26 Wastewater Rate Revenues WW-Rev 1.0069 1.0068 1.0068 1.0067 1.0067 27 Water Operational Expenses W-Op 1.0455 1.0417 1.0388 1.0393 0.9926 28 Wastewater Operational Expenses WW-Op 1.0226 1.0399 1.0386 1.0389 1.0118 Footnotes: [1]Inflation figures based on discussions with City staff and obtained from the "The Budget and Economic Outlook 2020 - 2030" published by the Congressional Budget Office in January 2020. Page 1 of 4 Table 1-13 City of Edgewater, Florida Water and Wastewater Utility Rate Study Capital Improvement Program Funding Plan Line Escalation Funding Fiscal Year Ending September 30,Total No.Description Reference Source 2020 2021 2022 2023 2024 2025 CIP CIP Escalation Factor Alternatives General Project Escalators 1 No Assumed Escalation (0.0% per Year)None 1.000 1.000 1.000 1.000 1.000 1.000 2 Capital Outlay (3.5% per Year)Outlay 1.000 1.030 1.061 1.093 1.126 1.159 3 ENR Index Average (3.0% per Year)ENR 1.000 1.030 1.061 1.093 1.126 1.159 4 Marginal Increase (1.0% per Year)Marginal 1.000 1.010 1.020 1.030 1.041 1.051 5 High Increase (5.0% per Year)High 1.000 1.050 1.103 1.158 1.216 1.276 Water System: 6 Acquire UCNSB Tatum Blvd Area Water Utilty ENR W-Op $130,000 $0 $0 $0 $0 $0 $130,000 7 Acquire UCNSB Tatum Blvd Area Water Utilty 12" Pipe ENR W-Op 500,000 0 0 0 0 0 500,000 8 Generator Replacement at ARTWTP ENR W-R&R 0 257,500 0 0 0 0 257,500 9 East Pine Bluff Water Improvements ENR W-Op 0 0 205,732 0 0 0 205,732 10 Evergreen Avenue Water Improvements ENR W-Op 0 0 0 0 0 215,084 215,084 11 New York Street Water Improvements ENR W-Op 0 25,750 0 0 0 0 25,750 12 Perdita, Palmetto, Live Oak Water Improvements ENR W-R&R 0 206,000 0 0 0 0 206,000 13 Plaza & Hubbell Water Improrvment ENR W-Op 100,000 0 0 109,273 0 0 209,273 14 Safe Room @ ARWTP & Hardening of Ops Bldg ENR Grant 0 309,000 0 0 0 0 309,000 15 THM Precursor Removal Process at ARTWTP ENR Junior2 0 2,124,375 1,856,575 0 0 0 3,980,950 16 Two Inch Water Line Replacements ENR W-R&R 100,000 206,000 212,180 218,545 225,102 231,855 1,193,682 17 Unspecified Water ENR W-R&R 250,000 309,000 318,270 327,818 337,653 347,782 1,890,523 18 Wildwood & Highland Water Main Replacement ENR W-R&R 0 0 220,667 0 0 0 220,667 19 Public Works Building (Allocation)ENR W-Op 350,000 0 0 0 0 0 350,000 20 Public Works Building (Allocation)ENR Senior1 0 0 0 0 2,166,604 0 2,166,604 21 Other Miscellaneous Adjustments ENR W-R&R $0 $0 $0 $0 $0 $0 $0 22 Budgetary Capital Outlay None W-Rates $104,160 $104,160 $104,160 $104,160 $104,160 $104,160 $624,960 23 Subtotal Water System $1,534,160 $3,541,785 $2,917,584 $759,796 $2,833,519 $898,881 $12,485,725 Page 2 of 4 Table 1-13 City of Edgewater, Florida Water and Wastewater Utility Rate Study Capital Improvement Program Funding Plan Line Escalation Funding Fiscal Year Ending September 30,Total No.Description Reference Source 2020 2021 2022 2023 2024 2025 CIP Wastewater System: 24 Safe Room @ WWTP & Hardening of Ops Bldg ENR Grant $0 $309,000 $0 $0 $0 $0 $309,000 25 Unspecified Sewer ENR S-R&R 250,000 309,000 318,270 327,818 337,653 347,782 1,890,523 26 Air Compressor at WWTP ENR S-Op 0 30,900 0 0 0 0 30,900 27 Lift Station #13 (Pelican Cove West) Refurbishment ENR S-Impact 0 0 0 273,182 0 0 273,182 28 WWTP Sludge Dewatering ENR Junior3 0 0 0 1,639,091 0 0 1,639,091 29 Evaluation of Clay Sewer Lines ENR S-R&R 0 0 185,658 0 0 0 185,658 30 Lift Station Refurbishments ENR S-R&R 0 0 0 0 309,515 318,800 628,315 31 LS # 3 Refurbishment & Antenna Relocation ENR S-R&R 0 309,000 0 0 0 0 309,000 32 LS # 6 Refurbishment ENR S-R&R 300,000 0 0 0 0 0 300,000 33 LS #4 Refurbishment ENR S-R&R 0 0 265,225 0 0 0 265,225 34 Manhole Lining ENR S-R&R 100,000 103,000 106,090 109,273 112,551 115,927 646,841 35 Riverside Dr Sewer Lateral Slip-Lining ENR S-R&R 100,000 103,000 106,090 218,545 281,377 289,819 1,098,831 36 Sewer Sliplining ENR S-R&R 100,000 103,000 106,090 109,273 112,551 115,927 646,841 37 Submersible Pump Replacements (LS)ENR S-Rates 100,000 103,000 106,090 109,273 112,551 115,927 646,841 38 Telemetry at Lift Stations ENR S-Rates 50,000 41,200 42,436 0 0 0 133,636 39 WW Lift Station Rehab: FL Shores ENR Junior3 0 0 636,540 550,734 567,256 0 1,754,531 40 WW Lift Station Rehab: FL Shores (Split Funding)ENR S-R&R 0 0 0 104,902 108,049 695,564 908,515 41 Meadowlake/Woodbridge Reclaimed Extension ENR Junior3 0 0 530,450 0 0 0 530,450 42 Public Works Building (Allocation)ENR S-Op 350,000 0 0 0 0 0 350,000 43 Public Works Building (Allocation) (Split Funding)ENR Senior1 0 0 0 0 2,166,604 0 2,166,604 44 Other Miscellaneous Adjustments ENR S-R&R $0 $0 $0 $0 $0 $0 $0 45 Budgetary Capital Outlay None S-Rates $143,840 $143,840 $143,840 $143,840 $143,840 $143,840 $863,040 46 Subtotal Wastewater System $1,493,840 $1,554,940 $2,546,779 $3,585,930 $4,251,947 $2,143,588 $15,577,024 47 Total Combined System CIP $3,028,000 $5,096,725 $5,464,363 $4,345,726 $7,085,466 $3,042,469 $28,062,749 Page 3 of 4 Table 1-13 City of Edgewater, Florida Water and Wastewater Utility Rate Study Capital Improvement Program Funding Plan Line Escalation Funding Fiscal Year Ending September 30,Total No.Description Reference Source 2020 2021 2022 2023 2024 2025 CIP Project Funding Sources Summary Water Funding Sources: 48 Water Rates W-Rates $104,160 $104,160 $104,160 $104,160 $104,160 $104,160 $624,960 49 Operating Fund W-Op 1,080,000 25,750 205,732 109,273 0 215,084 1,635,839 50 Renewal and Replacement Fund W-R&R 350,000 978,500 751,117 546,364 562,754 579,637 3,768,372 51 Water Development Fees W-Impact 0 0 0 0 0 0 0 52 Grants Grant 0 309,000 0 0 0 0 309,000 53 Existing Bond Proceeds ExistingBond 0 0 0 0 0 0 0 54 Additional Senior Lien Debt 1 Senior1 0 0 0 0 2,166,604 0 2,166,604 55 Additional Senior Lien Debt 2 Senior2 0 0 0 0 0 0 0 56 Additional Senior Lien Debt 3 Senior3 0 0 0 0 0 0 0 57 Additional Senior Lien Debt 4 Senior4 0 0 0 0 0 0 0 58 Additional Subordinate Lien Debt 1 Junior1 0 0 0 0 0 0 0 59 Additional Subordinate Lien Debt 2 Junior2 0 2,124,375 1,856,575 0 0 0 3,980,950 60 Additional Subordinate Lien Debt 3 Junior3 0 0 0 0 0 0 0 61 Additional Subordinate Lien Debt 4 Junior4 0 0 0 0 0 0 0 62 Subtotal Water Funding Sources $1,534,160 $3,541,785 $2,917,584 $759,796 $2,833,519 $898,881 $12,485,725 Wastewater Funding Sources: 63 Wastewater Rates S-Rates $293,840 $288,040 $292,366 $253,113 $256,391 $259,767 $1,643,517 64 Operating Fund S-Op 350,000 30,900 0 0 0 0 380,900 65 Renewal and Replacement Fund S-R&R 850,000 927,000 1,087,423 869,811 1,261,695 1,883,820 6,879,749 66 Wastewater Development Fees S-Impact 0 0 0 273,182 0 0 273,182 67 Grants Grant 0 309,000 0 0 0 0 309,000 68 Existing Bond Proceeds ExistingBond 0 0 0 0 0 0 0 69 Additional Senior Lien Debt 1 Senior1 0 0 0 0 2,166,604 0 2,166,604 70 Additional Senior Lien Debt 2 Senior2 0 0 0 0 0 0 0 71 Additional Senior Lien Debt 3 Senior3 0 0 0 0 0 0 0 72 Additional Senior Lien Debt 4 Senior4 0 0 0 0 0 0 0 73 Additional Subordinate Lien Debt 1 Junior1 0 0 0 0 0 0 0 74 Additional Subordinate Lien Debt 2 Junior2 0 0 0 0 0 0 0 75 Additional Subordinate Lien Debt 3 Junior3 0 0 1,166,990 2,189,825 567,256 0 3,924,071 76 Additional Subordinate Lien Debt 4 Junior4 0 0 0 0 0 0 0 77 Subtotal Wastewater Funding Sources $1,493,840 $1,554,940 $2,546,779 $3,585,930 $4,251,947 $2,143,588 $15,577,024 Page 4 of 4 Table 1-13 City of Edgewater, Florida Water and Wastewater Utility Rate Study Capital Improvement Program Funding Plan Line Escalation Funding Fiscal Year Ending September 30,Total No.Description Reference Source 2020 2021 2022 2023 2024 2025 CIP Total Funding Sources: 78 Water & Wastewater Rates Rates $398,000 $392,200 $396,526 $357,273 $360,551 $363,927 $2,268,477 79 Operating Fund Op 1,430,000 56,650 205,732 109,273 0 215,084 2,016,739 80 Renewal and Replacement Fund R&R 1,200,000 1,905,500 1,838,540 1,416,174 1,824,450 2,463,457 10,648,121 81 Water and Wastewater Development Fees Impact Fees 0 0 0 273,182 0 0 273,182 82 Grants Grant 0 618,000 0 0 0 0 618,000 83 Existing Bond Proceeds ExistingBond 0 0 0 0 0 0 0 84 Additional Senior Lien Debt 1 Senior1 0 0 0 0 4,333,209 0 4,333,209 85 Additional Senior Lien Debt 2 Senior2 0 0 0 0 0 0 0 86 Additional Senior Lien Debt 3 Senior3 0 0 0 0 0 0 0 87 Additional Senior Lien Debt 4 Senior4 0 0 0 0 0 0 0 88 Additional Subordinate Lien Debt 1 Junior1 0 0 0 0 0 0 0 89 Additional Subordinate Lien Debt 2 Junior2 0 2,124,375 1,856,575 0 0 0 3,980,950 90 Additional Subordinate Lien Debt 3 Junior3 0 0 1,166,990 2,189,825 567,256 0 3,924,071 91 Additional Subordinate Lien Debt 4 Junior4 0 0 0 0 0 0 0 92 Total Funding Sources $3,028,000 $5,096,725 $5,464,363 $4,345,726 $7,085,466 $3,042,469 $28,062,749 Page 1 of 2 Table 1-14 City of Edgewater, Florida Water and Wastewater Utility Rate Study Summary of Existing and Proposed Annual Debt Service Payments - Sinking Fund Basis Line Fiscal Year Ending September 30th, No.Description 2020 2021 2022 2023 2024 2025 Water System: Existing Debt Service: 1 Utility System Refunding Revenue Note, Series 2016 $451,132 $451,524 $451,283 $451,259 $451,442 $451,404 2 SRF Loan - #WW640520 0 0 0 0 0 0 3 SRF 2017 Loan - #WW640530 0 0 0 0 0 0 4 Lease Refunding Note, Series 2013 501,438 77,183 0 0 0 0 5 Capital Improvement Revenue Note, Series 2014 0 0 0 0 0 0 6 Vehicle Lease 2016 Amer Cap Svc.2,588 2,588 2,588 0 0 0 7 Total Existing Debt Service Payments $955,159 $531,295 $453,871 $451,259 $451,442 $451,404 Proposed Debt Service: Proposed Senior Lien Debt: 8 Additional Senior Lien Debt 1 $0 $0 $0 $0 $185,977 $185,977 9 Additional Senior Lien Debt 2 0 0 0 0 0 0 10 Additional Senior Lien Debt 3 0 0 0 0 0 0 11 Additional Senior Lien Debt 4 0 0 0 0 0 0 12 Total Proposed Senior Lien Debt Service Payments $0 $0 $0 $0 $185,977 $185,977 Proposed Subordinate Lien Debt: 13 Additional Subordinate Lien Debt 1 $0 $0 $0 $0 $0 $0 14 Additional Subordinate Lien Debt 2 0 0 0 140,817 281,634 281,634 15 Additional Subordinate Lien Debt 3 0 0 0 0 0 0 16 Additional Subordinate Lien Debt 4 0 0 0 0 0 0 17 Total Proposed Subordinate Lien Debt Service Payments $0 $0 $0 $140,817 $281,634 $281,634 18 Total Proposed Debt Service Payments $0 $0 $0 $140,817 $467,611 $467,611 19 Total Existing and Proposed Debt Service Payments $955,159 $531,295 $453,871 $592,076 $919,053 $919,015 Wastewater System Existing Debt Service: 20 Utility System Refunding Revenue Note, Series 2016 $622,993 $623,533 $623,200 $623,167 $623,421 $623,367 21 SRF Loan - #WW640520 383,969 383,969 383,969 383,969 383,969 383,969 22 SRF 2017 Loan - #WW640530 18,356 18,356 18,356 18,356 18,356 18,356 23 Lease Refunding Note, Series 2013 0 0 0 0 0 0 24 Capital Improvement Revenue Note, Series 2014 36,866 36,973 36,689 36,597 30,362 0 25 Vehicle Lease 2016 Amer Cap Svc.2,588 2,588 2,588 0 0 0 26 Total Existing Debt Service Payments $1,064,772 $1,065,420 $1,064,802 $1,062,089 $1,056,107 $1,025,692 Proposed Debt Service: Proposed Senior Lien Debt: 27 Additional Senior Lien Debt 1 $0 $0 $0 $0 $185,977 $185,977 28 Additional Senior Lien Debt 2 0 0 0 0 0 0 29 Additional Senior Lien Debt 3 0 0 0 0 0 0 30 Additional Senior Lien Debt 4 0 0 0 0 0 0 31 Total Proposed Senior Lien Debt Service Payments $0 $0 $0 $0 $185,977 $185,977 Proposed Subordinate Lien Debt: 32 Additional Subordinate Lien Debt 1 $0 $0 $0 $0 $0 $0 33 Additional Subordinate Lien Debt 2 0 0 0 0 0 0 34 Additional Subordinate Lien Debt 3 0 0 0 0 0 282,978 35 Additional Subordinate Lien Debt 4 0 0 0 0 0 0 36 Total Proposed Subordinate Lien Debt Service Payments $0 $0 $0 $0 $0 $282,978 37 Total Proposed Debt Service Payments $0 $0 $0 $0 $185,977 $468,955 38 Total Existing and Proposed Debt Service Payments $1,064,772 $1,065,420 $1,064,802 $1,062,089 $1,242,085 $1,494,648 Page 2 of 2 Table 1-14 City of Edgewater, Florida Water and Wastewater Utility Rate Study Summary of Existing and Proposed Annual Debt Service Payments - Sinking Fund Basis Line Fiscal Year Ending September 30th, No.Description 2020 2021 2022 2023 2024 2025 Combined System Existing Debt Service: 39 Utility System Refunding Revenue Note, Series 2016 1,074,125 1,075,057 1,074,483 1,074,426 1,074,863 1,074,771 40 SRF Loan - #WW640520 383,969 383,969 383,969 383,969 383,969 383,969 41 SRF 2017 Loan - #WW640530 18,356 18,356 18,356 18,356 18,356 18,356 42 Lease Refunding Note, Series 2013 501,438 77,183 0 0 0 0 43 Capital Improvement Revenue Note, Series 2014 36,866 36,973 36,689 36,597 30,362 0 44 Vehicle Lease 2016 Amer Cap Svc.5,176 5,176 5,176 0 0 0 45 Total Existing Debt Service Payments $2,019,931 $1,596,715 $1,518,673 $1,513,348 $1,507,550 $1,477,096 Proposed Debt Service: Proposed Senior Lien Debt: 46 Additional Senior Lien Debt 1 $0 $0 $0 $0 $371,955 $371,955 47 Additional Senior Lien Debt 2 0 0 0 0 0 0 48 Additional Senior Lien Debt 3 0 0 0 0 0 0 49 Additional Senior Lien Debt 4 0 0 0 0 0 0 50 Total Proposed Senior Lien Debt Service Payments $0 $0 $0 $0 $371,955 $371,955 Proposed Subordinate Lien Debt: 51 Additional Subordinate Lien Debt 1 $0 $0 $0 $0 $0 $0 52 Additional Subordinate Lien Debt 2 0 0 0 140,817 281,634 281,634 53 Additional Subordinate Lien Debt 3 0 0 0 0 0 282,978 54 Additional Subordinate Lien Debt 4 0 0 0 0 0 0 55 Total Proposed Subordinate Lien Debt Service Payments $0 $0 $0 $140,817 $281,634 $564,612 56 Total Proposed Debt Service Payments $0 $0 $0 $140,817 $653,588 $936,567 57 Total Existing and Proposed Debt Service Payments $2,019,931 $1,596,715 $1,518,673 $1,654,165 $2,161,138 $2,413,663 Page 1 of 1 Table 1-15 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Renewal and Replacement Fund Transfers Line Budget Fiscal Year Ending September 30th, No.Description 2020 2021 2022 2023 2024 2025 Renewal and Replacement Fund Transfer 1 Prior Fiscal Year 2019 2020 2021 2022 2023 2024 2 Prior Fiscal Year Rate Revenues $10,970,697 $12,040,493 $12,964,874 $13,447,051 $13,904,353 $14,377,737 3 Renewal and Replacement Minimum Fund Balance [1]$1,721,312 $1,848,252 $1,987,520 $2,065,079 $2,272,842 $2,272,814 4 Renewal and Replacement Fund Balance Ending Balance $2,159,426 $1,819,190 $1,730,908 $2,197,321 $2,389,002 $2,082,206 5 Minimum Required Transfer $0 $29,062 $256,612 $0 $0 $190,608 6 Renewal and Replacement Transfer Factor (% of Revenue)12.8%13.0%13.5%14.0%14.5%15.0% 7 Renewal and Replacement Fund Transfer Amount $1,409,544 $1,565,264 $1,750,258 $1,882,587 $2,016,131 $2,156,661 8 Additional Deposit to Meet Minimum Required Transfer 0 0 0 0 0 0 9 Renewal and Replacement Fund Transfer Amount $1,409,544 $1,565,264 $1,750,258 $1,882,587 $2,016,131 $2,156,661 10 Water Percentage 46.30%46.30%46.30%46.30%46.30%46.30% 11 Wastewater Percentage 53.70%53.70%53.70%53.70%53.70%53.70% 12 Water Allocation of Transfer - Subtotal $652,634 $724,734 $810,388 $871,658 $933,490 $998,557 13 Wastewater Allocation of Transfer - Subtotal 756,910 840,530 939,870 1,010,929 1,082,641 1,158,104 14 Annual Renewal and Replacement Transfer - Subtotal $1,409,544 $1,565,264 $1,750,258 $1,882,587 $2,016,131 $2,156,661 Additional Deposits: 15 Water $0 $0 $0 $0 $0 $0 16 Wastewater 0 0 0 0 0 0 17 Total Additional Deposits $0 $0 $0 $0 $0 $0 18 Water Allocation of Transfer $652,634 $724,734 $810,388 $871,658 $933,490 $998,557 19 Wastewater Allocation of Transfer 756,910 840,530 939,870 1,010,929 1,082,641 1,158,104 20 Annual Renewal and Replacement Transfer $1,409,544 $1,565,264 $1,750,258 $1,882,587 $2,016,131 $2,156,661 Footnotes: [1]Per the Bond Resolution, this amount is based on 5% of the value of the fixed assets of the System. Page 1 of 1 Table 1-16 City of Edgewater, Florida Stormwater Utility Rate Study Projection of Charter Reserve Fund Transfers Line Fiscal Year Ending September 30th, No.Description 2020 2021 2022 2023 2024 2025 Charter Reserve Transfer 1 Adjustment to Charter Reserve Deposit Transfer $343,347 $343,347 $343,347 $0 $0 $0 2 Allocation to Water System 45.41%45.38%45.56%45.57%45.57%45.58% 3 Allocation to Wastewater System 54.59%54.62%54.44%54.43%54.43%54.42% 4 Allocation to Water System $155,914 $155,808 $156,442 $0 $0 $0 5 Allocation to Wastewater System $187,433 $187,539 $186,905 $0 $0 $0 6 Total Charter Reserve Fund Deposit $343,347 $343,347 $343,347 $0 $0 $0 Page 1 of 1 Table 1-17 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Operating and Other Transfers Line Budget Fiscal Year Ending September 30th, No.Description 2020 2021 2022 2023 2024 2025 Payment In Lieu of Franchise Fees 1 Prior Year 2019 2020 2021 2022 2023 2024 2 Prior Year Revenues $10,970,697 $12,040,493 $12,964,874 $13,447,051 $13,904,353 $14,377,737 3 Payment In Lieu of Franchise Fees Factor (% of Revenue)6.3%5.9%5.9%5.9%5.9%5.9% 4 Payment In Lieu of Franchise Fees Amount $694,805 $710,389 $764,928 $793,376 $820,357 $848,286 5 Water Percentage 46.3%46.3%46.3%46.3%46.3%46.3% 6 Wastewater Percentage 53.7%53.7%53.7%53.7%53.7%53.7% 7 Water Allocation of Transfer $321,702 $328,918 $354,170 $367,342 $379,834 $392,766 8 Wastewater Allocation of Transfer 373,103 381,471 410,758 426,034 440,523 455,521 9 Annual Payment In Lieu of Franchise Fees $694,805 $710,389 $764,928 $793,376 $820,357 $848,286 Page 1 of 4 Table 1-18 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Ending Cash Balances and Interest Income Investment Reference Line Cash Interest Projected Fiscal Year Ending September 30, No.Description Balance Income 2020 2021 2022 2023 2024 2025 Year End Cash Balances Roll-Up: 1 Water and Wastewater Operating Fund (440)(U)(U)$3,078,078 $3,448,160 $3,451,346 $3,762,792 $3,637,773 $3,335,570 2 Charter Reserve Fund (U)(U)1,125,233 1,468,580 1,811,927 1,811,927 1,811,927 1,811,927 3 Customer Deposits (Sub 440A)(R)(R)783,017 783,800 784,584 785,368 786,154 786,940 4 Water Development Fee Fund (442)(R)(R)789,166 873,992 958,902 1,043,898 1,128,978 1,214,143 5 Wastewater Development Fee Fund (443)(R)(R)588,479 692,255 796,134 626,798 730,612 834,529 6 Renewal and Replacement Fund (444)(U)(U)2,159,426 1,819,190 1,730,908 2,197,321 2,389,002 2,082,206 7 Rate Stabilization Fund (445)(U)(U)0 0 0 0 0 0 8 Debt Service Reserve Fund (R)(U)1,455,909 1,455,909 1,455,909 1,455,909 1,455,909 1,455,909 9 Proposed Bonds Construction Fund (R)(R)0 0 0 0 0 0 10 Total Ending Cash Balances $9,979,308 $10,541,885 $10,989,710 $11,684,014 $11,940,356 $11,521,224 11 $1,377,646 $1,566,247 $1,755,036 $1,670,696 $1,859,590 $2,048,672 12 Unrestricted Reserves (Operating, Charter Reserve, and R&R)$6,362,736 $6,735,929 $6,994,181 $7,772,040 $7,838,703 $7,229,702 13 Days of Revenues 206 200 200 214 209 186 Water and Wastewater Operating Fund (440) 14 Beginning Balance $4,776,119 $3,078,078 $3,448,160 $3,451,346 $3,762,792 $3,637,773 15 Transfers In - Revenue Requirements 11,271,101 12,304,467 12,784,239 13,239,137 13,710,116 14,197,723 16 Transfers In - Rate Stabilization Fund (As Cash Transfer Not Revenue)1,949,882 0 0 0 0 0 17 Transfers In - R&R Fund 0 0 0 0 0 0 18 Transfers In - Charter Reserve Fund 0 0 0 0 0 0 19 Transfers In - Operating Transfer 0 0 0 0 0 0 20 Transfers In - Other / GF FEMA Loan Repayment 412,843 195,241 0 0 0 0 21 Transfers In - Debt Service Reserve 0 0 0 0 0 0 22 Transfers Out - Revenue Requirements 11,951,985 12,072,976 12,575,321 12,818,418 13,835,135 14,284,842 23 Transfers Out - Capital Improvements 1,430,000 56,650 205,732 109,273 0 215,084 24 Transfers Out - R&R Fund 1,949,882 0 0 0 0 0 25 Transfers Out - Operating Transfer 0 0 0 0 0 0 26 Interest Rate 0.10%0.10%0.10%0.10%0.10%0.10% 27 Interest Income (U)$3,927 $3,263 $3,450 $3,607 $3,700 $3,487 Recognition of Interest Income 28 in Revenue Requirements $3,927 $3,263 $3,450 $3,607 $3,700 $3,487 29 Ending Balance (U)$3,078,078 $3,448,160 $3,451,346 $3,762,792 $3,637,773 $3,335,570 30 Target Days of Available Cash: 45 Days of Revenue 1,389,588 1,516,989 1,576,139 1,632,222 1,690,288 1,750,404 31 Calculated Days of Available Cash (Revenue)100 102 99 104 97 86 32 Percent Allocable to Water System 45.41%45.38%45.56%45.57%45.57%45.58% 33 Percent Allocable to Wastewater System 54.59%54.62%54.44%54.43%54.43%54.42% 34 Amount Allocable to Water System $1,783 $1,481 $1,572 $1,644 $1,686 $1,589 35 Amount Allocable to Wastewater System 2,144 1,782 1,878 1,963 2,014 1,898 Customer Deposits (Sub 440A) 36 Beginning Balance $782,235 $783,017 $783,800 $784,584 $785,368 $786,154 37 Transfers In 0 0 0 0 0 0 38 Transfers Out 0 0 0 0 0 0 39 Interest Rate 0.10%0.10%0.10%0.10%0.10%0.10% 40 Interest Income (R)$782 $783 $784 $785 $785 $786 Recognition of Interest Income 41 in Revenue Requirements $0 $0 $0 $0 $0 $0 42 Ending Balance (R)$783,017 $783,800 $784,584 $785,368 $786,154 $786,940 43 Percent Allocable to Water System 51.64%51.64%51.64%51.64%51.64%51.64% 44 Percent Allocable to Wastewater System 48.36%48.36%48.36%48.36%48.36%48.36% 45 Amount Allocable to Water System $0 $0 $0 $0 $0 $0 46 Amount Allocable to Wastewater System 0 0 0 0 0 0 Water Development Fee Fund (442) 47 Beginning Balance $382,101 $789,166 $873,992 $958,902 $1,043,898 $1,128,978 48 Transfers In 451,480 128,994 128,994 128,994 128,994 128,994 49 Transfers Out - CIP 0 0 0 0 0 0 50 Transfers Out - R&R Fund 0 0 0 0 0 0 51 Transfers Out - Debt Payment 45,000 45,000 45,000 45,000 45,000 45,000 52 Interest Rate 0.10%0.10%0.10%0.10%0.10%0.10% 53 Interest Income (R)$585 $831 $916 $1,001 $1,086 $1,171 Recognition of Interest Income 54 in Revenue Requirements $0 $0 $0 $0 $0 $0 55 Ending Balance (R)$789,166 $873,992 $958,902 $1,043,898 $1,128,978 $1,214,143 Page 2 of 4 Table 1-18 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Ending Cash Balances and Interest Income Investment Reference Line Cash Interest Projected Fiscal Year Ending September 30, No.Description Balance Income 2020 2021 2022 2023 2024 2025 56 Percent Allocable to Water System 100.00%100.00%100.00%100.00%100.00%100.00% 57 Percent Allocable to Wastewater System 0.00%0.00%0.00%0.00%0.00%0.00% 58 Amount Allocable to Water System $0 $0 $0 $0 $0 $0 59 Amount Allocable to Wastewater System 0 0 0 0 0 0 Wastewater Development Fee Fund (443) 60 Beginning Balance $484,808 $588,479 $692,255 $796,134 $626,798 $730,612 61 Transfers In 178,135 178,135 178,135 178,135 178,135 178,135 62 Transfers Out - CIP 0 0 0 273,182 0 0 63 Transfers Out - R&R Fund 0 0 0 0 0 0 64 Transfers Out - Debt Payment 75,000 75,000 75,000 75,000 75,000 75,000 65 Interest Rate 0.10%0.10%0.10%0.10%0.10%0.10% 66 Interest Income (R)$536 $640 $744 $711 $678 $782 Recognition of Interest Income 67 in Revenue Requirements $0 $0 $0 $0 $0 $0 68 Ending Balance (R)$588,479 $692,255 $796,134 $626,798 $730,612 $834,529 69 Percent Allocable to Water System 0.00%0.00%0.00%0.00%0.00%0.00% 70 Percent Allocable to Wastewater System 100.00%100.00%100.00%100.00%100.00%100.00% 71 Amount Allocable to Water System $0 $0 $0 $0 $0 $0 72 Amount Allocable to Wastewater System 0 0 0 0 0 0 Renewal and Replacement Fund (444) 73 Beginning Balance $0 $2,159,426 $1,819,190 $1,730,908 $2,197,321 $2,389,002 74 Transfers In - Annual Operations 1,409,544 1,565,264 1,750,258 1,882,587 2,016,131 2,156,661 75 Transfers In - Impact Fee Funds 0 0 0 0 0 0 76 Transfers In - Fund 401 1,949,882 0 0 0 0 0 77 Transfers Out - CIP 1,200,000 1,905,500 1,838,540 1,416,174 1,824,450 2,463,457 78 Transfers Out - Fund 401 0 0 0 0 0 0 79 Interest Rate 0.10%0.10%0.10%0.10%0.10%0.10% 80 Interest Income (U)$1,080 $1,989 $1,775 $1,964 $2,293 $2,236 Recognition of Interest Income 81 in Revenue Requirements $1,080 $1,989 $1,775 $1,964 $2,293 $2,236 82 Ending Balance (U)$2,159,426 $1,819,190 $1,730,908 $2,197,321 $2,389,002 $2,082,206 83 Percent Allocable to Water System 46.30%46.30%46.30%46.30%46.30%46.30% 84 Percent Allocable to Wastewater System 53.70%53.70%53.70%53.70%53.70%53.70% 85 Amount Allocable to Water System $500 $921 $822 $909 $1,062 $1,035 86 Amount Allocable to Wastewater System 580 1,068 953 1,055 1,231 1,200 Rate Stabilization Fund (445) 87 Beginning Balance $1,949,882 $0 $0 $0 $0 $0 88 Transfers In 0 0 0 0 0 0 89 Transfers Out - As Cash 1,949,882 0 0 0 0 0 90 Transfers Out - As Revenue 0 0 0 0 0 0 91 Interest Rate 0.10%0.10%0.10%0.10%0.10%0.10% 92 Interest Income (U)$975 $0 $0 $0 $0 $0 Recognition of Interest Income 93 in Revenue Requirements $975 $0 $0 $0 $0 $0 94 Ending Balance (U)$0 $0 $0 $0 $0 $0 95 Percent Allocable to Water System 45.31%45.31%45.31%45.31%45.31%45.31% 96 Percent Allocable to Wastewater System 54.69%54.69%54.69%54.69%54.69%54.69% 97 Amount Allocable to Water System $442 $0 $0 $0 $0 $0 98 Amount Allocable to Wastewater System 533 0 0 0 0 0 Page 3 of 4 Table 1-18 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Ending Cash Balances and Interest Income Investment Reference Line Cash Interest Projected Fiscal Year Ending September 30, No.Description Balance Income 2020 2021 2022 2023 2024 2025 Charter Reserve Fund 99 Beginning Balance $781,886 $1,125,233 $1,468,580 $1,811,927 $1,811,927 $1,811,927 100 Transfers In 343,347 343,347 343,347 0 0 0 101 Transfers Out 0 0 0 0 0 0 102 Interest Rate 0.10%0.10%0.10%0.10%0.10%0.10% 103 Interest Income (U)$954 $1,297 $1,640 $1,812 $1,812 $1,812 Recognition of Interest Income 104 in Revenue Requirements $954 $1,297 $1,640 $1,812 $1,812 $1,812 105 Ending Balance (U)$1,125,233 $1,468,580 $1,811,927 $1,811,927 $1,811,927 $1,811,927 106 Percent Allocable to Water System 45.31%45.31%45.31%45.31%45.31%45.31% 107 Percent Allocable to Wastewater System 54.69%54.69%54.69%54.69%54.69%54.69% 108 Amount Allocable to Water System $432 $588 $743 $821 $821 $821 109 Amount Allocable to Wastewater System 521 709 897 991 991 991 Debt Service Reserve Fund 110 Beginning Balance $1,455,909 $1,455,909 $1,455,909 $1,455,909 $1,455,909 $1,455,909 111 Transfers In - Additional Senior Lien Debt 1 0 0 0 0 0 0 112 Transfers In - Additional Senior Lien Debt 2 0 0 0 0 0 0 113 Transfers In - Additional Senior Lien Debt 3 0 0 0 0 0 0 114 Transfers In - Additional Senior Lien Debt 4 0 0 0 0 0 0 115 Transfers Out - Other $0 $0 $0 $0 $0 $0 116 Transfers Out - Other 0 0 0 0 0 0 117 Transfers Out - Additional Senior Lien Debt 1 0 0 0 0 0 0 118 Transfers Out - Additional Senior Lien Debt 2 0 0 0 0 0 0 119 Transfers Out - Additional Senior Lien Debt 3 0 0 0 0 0 0 120 Transfers Out - Additional Senior Lien Debt 4 0 0 0 0 0 0 121 Interest Rate 0.10%0.10%0.10%0.10%0.10%0.10% 122 Interest Income (U)$1,456 $1,456 $1,456 $1,456 $1,456 $1,456 Recognition of Interest Income 123 in Revenue Requirements $1,456 $1,456 $1,456 $1,456 $1,456 $1,456 124 Ending Balance (R)$1,455,909 $1,455,909 $1,455,909 $1,455,909 $1,455,909 $1,455,909 125 Percent Allocable to Water System 50.00%50.00%50.00%50.00%50.00%50.00% 126 Percent Allocable to Wastewater System 50.00%50.00%50.00%50.00%50.00%50.00% 127 Amount Allocable to Water System $728 $728 $728 $728 $728 $728 128 Amount Allocable to Wastewater System 728 728 728 728 728 728 Proposed Bonds Construction Fund 129 Beginning Balance $0 $0 $0 $0 $0 $0 130 Transfers In 0 0 0 0 4,333,209 0 131 Transfers Out - CIP 0 0 0 0 4,333,209 0 132 Interest Rate 0.00%0.00%0.00%0.00%0.00%0.00% 133 Interest Income (R)$0 $0 $0 $0 $0 $0 Recognition of Interest Income 134 in Revenue Requirements $0 $0 $0 $0 $0 $0 135 Ending Balance (R)$0 $0 $0 $0 $0 $0 136 Percent Allocable to Water System 50.00%50.00%50.00%50.00%50.00%50.00% 137 Percent Allocable to Wastewater System 50.00%50.00%50.00%50.00%50.00%50.00% 138 Amount Allocable to Water System $0 $0 $0 $0 $0 $0 139 Amount Allocable to Wastewater System 0 0 0 0 0 0 Debt Service Sinking Fund 140 Annual Debt Service Payment $2,019,931 $1,596,715 $1,518,673 $1,654,165 $2,161,138 $2,413,663 141 Average Balance (R)504,983 399,179 379,668 413,541 540,285 603,416 142 Interest Rate 0.10%0.10%0.10%0.10%0.10%0.10% 143 Interest Income (U)$505 $399 $380 $414 $540 $603 Recognition of Interest Income 144 in Revenue Requirements $505 $399 $380 $414 $540 $603 145 Percent Allocable to Water System 47.29%33.27%29.89%35.79%42.53%38.08% 146 Percent Allocable to Wastewater System 52.71%66.73%70.11%64.21%57.47%61.92% 147 Amount Allocable to Water System $239 $133 $113 $148 $230 $230 148 Amount Allocable to Wastewater System 266 266 266 266 311 374 Page 4 of 4 Table 1-18 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Ending Cash Balances and Interest Income Investment Reference Line Cash Interest Projected Fiscal Year Ending September 30, No.Description Balance Income 2020 2021 2022 2023 2024 2025 Interest Income: 149 Unrestricted Interest Income - Water (Includes GF Payback Interest)$8,494 $5,411 $3,978 $4,250 $4,527 $4,403 150 Unrestricted Interest Income - Wastewater (Includes GF Payback Interest)9,051 6,114 4,722 5,002 5,275 5,191 151 Total Unrestricted Interest Income $17,545 $11,525 $8,701 $9,253 $9,802 $9,594 152 Restricted Interest Income $1,904 $2,254 $2,444 $2,497 $2,550 $2,739 153 Total Interest Income $19,449 $13,779 $11,144 $11,749 $12,351 $12,333 Page 1 of 2 Table 1-19 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Water System Revenue Requirements Line Fiscal Year Ending September 30th, No.Description 2020 2021 2022 2023 2024 2025 Operating Expenses: [1] 1 Administration Department $463,864 $526,367 $544,520 $563,438 $583,168 $603,758 2 Water Department 1,873,282 1,941,746 2,027,701 2,118,126 2,213,307 2,313,552 3 Field Operations Department 1,019,235 1,041,465 1,085,439 1,119,119 1,154,606 991,156 4 Non-Departmental 255,267 265,934 275,296 285,001 295,063 305,496 5 Contingency - 0.00% of O&M 0 0 0 0 0 0 6 Bad Debt Expense - 0.25% of Rate Revenues 12,795 13,959 14,562 15,082 15,620 16,177 7 Other Adjustments - Retirement Benefits 0 0 0 0 0 0 8 Total Operating Expenses $3,624,445 $3,789,471 $3,947,518 $4,100,766 $4,261,763 $4,230,137 Debt Service Payments: Existing Debt Service: [2] 9 Utility System Refunding Revenue Note, Series 2016 $451,132 $451,524 $451,283 $451,259 $451,442 $451,404 10 SRF Loan - #WW640520 0 0 0 0 0 0 11 SRF 2017 Loan - #WW640530 0 0 0 0 0 0 12 Lease Refunding Note, Series 2013 501,438 77,183 0 0 0 0 13 Capital Improvement Revenue Note, Series 2014 0 0 0 0 0 0 14 Vehicle Lease 2016 Amer Cap Svc.2,588 2,588 2,588 0 0 0 15 Total Existing Debt Service Payments $955,159 $531,295 $453,871 $451,259 $451,442 $451,404 Proposed Debt Service: [3] 16 Additional Senior Lien Debt 1 $0 $0 $0 $0 $185,977 $185,977 17 Additional Senior Lien Debt 2 0 0 0 0 0 0 18 Additional Senior Lien Debt 3 0 0 0 0 0 0 19 Additional Senior Lien Debt 4 0 0 0 0 0 0 20 Additional Subordinate Lien Debt 1 $0 $0 $0 $0 $0 $0 21 Additional Subordinate Lien Debt 2 0 0 0 140,817 281,634 281,634 22 Additional Subordinate Lien Debt 3 0 0 0 0 0 0 23 Additional Subordinate Lien Debt 4 0 0 0 0 0 0 24 Total Proposed Debt Service Payments $0 $0 $0 $140,817 $467,611 $467,611 25 Total Annual Debt Service Payments $955,159 $531,295 $453,871 $592,076 $919,053 $919,015 Other Revenue Requirements: 26 General Fund Cost Allocation Transfer $0 $0 $0 $0 $0 $0 27 Payment In Lieu of Franchise Fees [4]$321,702 $328,918 $354,170 $367,342 $379,834 $392,766 28 Renewal and Replacement Fund Transfer [5]652,634 724,734 810,388 871,658 933,490 998,557 29 Capital Funded From Rates [6]104,160 104,160 104,160 104,160 104,160 104,160 30 Transfer to Capital Fund (General)0 0 0 0 0 0 31 Transfer to Operating Reserves 0 0 0 0 0 0 31 Transfer to Charter Reserve Fund 155,914 155,808 156,442 0 0 0 32 Transfer to Rate Stabilization Fund 0 0 0 0 0 0 33 Total Other Revenue Requirements $1,234,410 $1,313,620 $1,425,160 $1,343,159 $1,417,484 $1,495,483 34 Gross Revenue Requirements $5,814,013 $5,634,386 $5,826,549 $6,036,001 $6,598,301 $6,644,635 Other Revenues and Financial Resources: 35 Other Operating Revenues $426,228 $316,030 $317,222 $318,413 $319,605 $320,797 36 Unrestricted Interest Income [7]8,494 5,411 3,978 4,250 4,527 4,403 37 Development Fees Used for Debt Service Payments 45,000 45,000 45,000 45,000 45,000 45,000 38 Transfers from Operating Reserves 0 0 0 0 0 0 39 Transfer from Rate Stabilization 0 0 0 0 0 0 40 Total Other Revenues and Financial Resources $479,722 $366,441 $366,200 $367,664 $369,132 $370,200 41 Net Revenue Requirements $5,334,291 $5,267,945 $5,460,349 $5,668,338 $6,229,169 $6,274,435 Revenue From Existing Water Rates: 42 Existing Rate Revenue $4,457,599 $4,486,275 $4,514,951 $4,543,627 $4,572,302 $4,600,978 43 Prior Year Rate Adjustments 0 0 406,350 557,500 715,020 879,120 44 Total Rate Revenue Before Current Year Adjustment $4,457,599 $4,486,275 $4,921,301 $5,101,127 $5,287,322 $5,480,098 Revenue From Existing Wholesale Water Rates: 45 Existing Rate Revenue $660,601 $660,601 $660,601 $660,601 $660,601 $660,601 46 Prior Year Rate Adjustments 0 0 59,450 81,060 103,310 126,220 47 Total Rate Revenue Before Current Year Adjustment $660,601 $660,601 $720,051 $741,661 $763,911 $786,821 Current Year Rate Adjustment - Water 48 Current Year Water Rate Adjustment 0.00%9.00%3.00%3.00%3.00%3.00% Page 2 of 2 Table 1-19 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Water System Revenue Requirements Line Fiscal Year Ending September 30th, No.Description 2020 2021 2022 2023 2024 2025 Effective Month Aug.Oct.Oct.Oct.Oct.Oct. 49 Percent of Current Year Effective 17%100%100%100%100%100% 50 Total Revenue From Current Year Adjustments $0 $403,765 $147,639 $153,034 $158,620 $164,403 Current Year Rate Adjustment - Wholesale Water 51 Current Year Water Rate Adjustment 0.00%5.00%5.00%5.00%5.00%5.00% Effective Month Aug.Oct.Oct.Oct.Oct.Oct. 52 Percent of Current Year Effective 17%100%100%100%100%100% 53 Total Revenue From Current Year Adjustments $0 $33,030 $36,003 $37,083 $38,196 $39,341 54 Total Revenue From Rates $5,118,200 $5,583,670 $5,824,993 $6,032,904 $6,248,048 $6,470,663 55 Revenue Surplus / (Deficiency) [8]($216,092)$315,725 $364,645 $364,567 $18,879 $196,228 Footnotes: [1]Amounts derived from the City's Fiscal Year 2020 Budget and are escalated as shown on Table 1-9. [2]Payment amounts shown were based on debt service schedules provided by City Staff. [3]The proposed debt is based upon the funding of the capital improvement program. Initial payments shown may indicate a partial year's payment of debt service due to the timing of the instrument. The following indicated the estimated terms and conditions of the proposed debt. Additional Senior Lien Debt 1 Principal (Includes Project Costs and Costs of Issuance)$4,445,000 (50.00% Allocated to the Water System) Issue Date 10/1/2023 Interest Rate 5.50% Term (Years)20 Annual Average Debt Service $371,955 Additional Subordinate Lien Debt 1 Principal (Includes Project Costs and Costs of Issuance)$0 (0.00% Allocated to the Water System) Issue Date 10/1/2025 Interest Rate 3.00% Term (Years)20 Annual Average Debt Service $0 Additional Subordinate Lien Debt 2 Principal (Includes Project Costs and Costs of Issuance)$4,190,000 (100.00% Allocated to the Water System) Issue Date 4/1/2023 Interest Rate 3.00% Term (Years)20 Annual Average Debt Service $281,634 Additional Subordinate Lien Debt 3 Principal (Includes Project Costs and Costs of Issuance)$4,210,000 (0.00% Allocated to the Water System) Issue Date 10/1/2024 Interest Rate 3.00% Term (Years)20 Annual Average Debt Service $282,978 [4]Amount shown is a transfer to the City's General Fund and is based on 5.9% of the previous Fiscal Year's revenues. [5]Amounts are transfers to a Renewal and Replacement (R&R) Fund and are to be used for R&R related capital projects. [6]Amounts based on the proposed capital funding plan as shown in Table 1-13. [7]Interest income is estimated on earnings on projected fund balances from unrestricted reserves allocated to the water system. [8]The forecast assumes that any deficiencies will be funded from available operating reserves. Page 1 of 2 Table 1-20 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Wastewater System Revenue Requirements Line Fiscal Year Ending September 30th, No.Description 2020 2021 2022 2023 2024 2025 Operating Expenses: [1] 1 Administration Department $609,967 $692,155 $716,026 $740,903 $766,846 $793,921 2 Wastewater Department 2,092,492 2,128,217 2,215,956 2,307,949 2,404,464 2,505,793 3 Wastewater Collection Department 590,663 617,702 643,637 670,953 699,748 730,126 4 Field Operations Department 778,082 718,398 747,591 770,786 795,224 682,940 5 Non-Departmental 282,266 294,249 304,977 316,115 327,679 339,688 6 Contingency - 0.00% of O&M 0 0 0 0 0 0 7 Bad Debt Expense - 0.25% of Rate Revenues 15,382 16,802 17,398 18,016 18,655 19,318 8 Other Adjustments - Retirement Benefits 0 0 0 0 0 0 9 Total Operating Expenses $4,368,851 $4,467,522 $4,645,584 $4,824,720 $5,012,617 $5,071,786 Debt Service Payments: Existing Debt Service: [2] 10 Utility System Refunding Revenue Note, Series 2016 $622,993 $623,533 $623,200 $623,167 $623,421 $623,367 11 SRF Loan - #WW640520 383,969 383,969 383,969 383,969 383,969 383,969 12 SRF 2017 Loan - #WW640530 18,356 18,356 18,356 18,356 18,356 18,356 13 Lease Refunding Note, Series 2013 0 0 0 0 0 0 14 Capital Improvement Revenue Note, Series 2014 36,866 36,973 36,689 36,597 30,362 0 15 Vehicle Lease 2016 Amer Cap Svc.2,588 2,588 2,588 0 0 0 16 Total Existing Debt Service Payments $1,064,772 $1,065,420 $1,064,802 $1,062,089 $1,056,107 $1,025,692 Proposed Debt Service: [3] 17 Additional Senior Lien Debt 1 $0 $0 $0 $0 $185,977 $185,977 18 Additional Senior Lien Debt 2 0 0 0 0 0 0 19 Additional Senior Lien Debt 3 0 0 0 0 0 0 20 Additional Senior Lien Debt 4 0 0 0 0 0 0 21 Additional Subordinate Lien Debt 1 $0 $0 $0 $0 $0 $0 22 Additional Subordinate Lien Debt 2 0 0 0 0 0 0 23 Additional Subordinate Lien Debt 3 0 0 0 0 0 282,978 24 Additional Subordinate Lien Debt 4 0 0 0 0 0 0 25 Total Proposed Debt Service Payments $0 $0 $0 $0 $185,977 $468,955 26 Total Annual Debt Service Payments $1,064,772 $1,065,420 $1,064,802 $1,062,089 $1,242,085 $1,494,648 Other Revenue Requirements: 27 General Fund Cost Allocation Transfer $0 $0 $0 $0 $0 $0 28 Payment In Lieu of Franchise Fees [4]$373,103 $381,471 $410,758 $426,034 $440,523 $455,521 29 Renewal and Replacement Fund Transfer [5]756,910 840,530 939,870 1,010,929 1,082,641 1,158,104 30 Capital Funded From Rates [6]293,840 288,040 292,366 253,113 256,391 259,767 31 Transfer to Capital Fund (General)0 0 0 0 0 0 32 Transfer to Operating Reserves 0 0 0 0 0 0 32 Transfer to Charter Reserve Fund 187,433 187,539 186,905 0 0 0 33 Transfer to Rate Stabilization Fund 0 0 0 0 0 0 34 Total Other Revenue Requirements $1,611,286 $1,697,580 $1,829,899 $1,690,076 $1,779,555 $1,873,392 35 Gross Revenue Requirements $7,044,909 $7,230,522 $7,540,284 $7,576,886 $8,034,256 $8,439,826 Other Revenues and Financial Resources: 36 Other Operating Revenues $343,164 $344,377 $345,590 $346,803 $348,016 $349,228 37 Unrestricted Interest Income [7]9,051 6,114 4,722 5,002 5,275 5,191 38 Development Fees Used for Debt Service Payments 75,000 75,000 75,000 75,000 75,000 75,000 39 Transfers from Operating Reserves 0 0 0 0 0 0 40 Transfer from Rate Stabilization 0 0 0 0 0 0 41 Total Other Revenues and Financial Resources $427,215 $425,492 $425,312 $426,805 $428,290 $429,419 42 Net Revenue Requirements $6,617,694 $6,805,031 $7,114,972 $7,150,080 $7,605,966 $8,010,407 Revenue From Existing Wastewater Rates: 43 Existing Wastewater Rate Revenue $5,797,249 $5,839,059 $5,880,869 $5,922,679 $5,964,489 $6,006,299 44 Prior Year Rate Adjustments 0 0 529,280 726,710 932,730 1,147,640 45 Total Rate Revenue Before Current Year Adjustment $5,797,249 $5,839,059 $6,410,149 $6,649,389 $6,897,219 $7,153,939 Current Year Rate Adjustment 46 Current Year Wastewater Rate Adjustment 0.00%9.00%3.00%3.00%3.00%3.00% Effective Month Aug.Oct.Oct.Oct.Oct.Oct. 47 Percent of Current Year Effective 17%100%100%100%100%100% 48 Total Revenue From Current Year Adjustments $0 $525,515 $192,304 $199,482 $206,917 $214,618 Page 2 of 2 Table 1-20 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Wastewater System Revenue Requirements Line Fiscal Year Ending September 30th, No.Description 2020 2021 2022 2023 2024 2025 Revenue From Existing Reclaimed Rates: 49 Existing Reclaimed Rate Revenue $355,653 $356,223 $356,793 $357,363 $357,933 $358,503 50 Prior Year Rate Adjustments 0 0 0 0 0 0 51 Total Rate Revenue Before Current Year Adjustment $355,653 $356,223 $356,793 $357,363 $357,933 $358,503 Current Year Rate Adjustment 52 Current Year Reclaimed Rate Adjustment 0.00%0.00%0.00%0.00%0.00%0.00% Effective Month Aug.Oct.Oct.Oct.Oct.Oct. 53 Percent of Current Year Effective 17%100%100%100%100%100% 54 Total Revenue From Current Year Adjustments $0 $0 $0 $0 $0 $0 55 Total Revenue From Rates $6,152,901 $6,720,797 $6,959,246 $7,206,233 $7,462,068 $7,727,059 56 Revenue Surplus / (Deficiency) [8]($464,793)($84,234)($155,726)$56,153 ($143,898)($283,347) Footnotes: [1]Amounts derived from the City's Fiscal Year 2020 Budget and are escalated as shown on Table 1-10. [2]Payment amounts shown were based on debt service schedules provided by City Staff. [3]The proposed debt is based upon the funding of the capital improvement program. Initial payments shown may indicate a partial year's payment of debt service due to the timing of the instrument. The following indicated the estimated terms and conditions of the proposed debt. Additional Senior Lien Debt 1 Principal (Includes Project Costs and Costs of Issuance)$4,445,000 (50.00% Allocated to the Wastewater System) Issue Date 10/1/2023 Interest Rate 5.50% Term (Years)20 Annual Average Debt Service $371,955 Additional Subordinate Lien Debt 1 Principal (Includes Project Costs and Costs of Issuance)$0 (0.00% Allocated to the Wastewater System) Issue Date 10/1/2025 Interest Rate 3.00% Term (Years)20 Annual Average Debt Service $0 Additional Subordinate Lien Debt 2 Principal (Includes Project Costs and Costs of Issuance)$4,190,000 (0.00% Allocated to the Wastewater System) Issue Date 4/1/2023 Interest Rate 3.00% Term (Years)20 Annual Average Debt Service $281,634 Additional Subordinate Lien Debt 3 Principal (Includes Project Costs and Costs of Issuance)$4,210,000 (100.00% Allocated to the Wastewater System) Issue Date 10/1/2024 Interest Rate 3.00% Term (Years)20 Annual Average Debt Service $282,978 [4]Amount shown is a transfer to the City's General Fund and is based on 5.9% of the previous Fiscal Year's revenues. [5]Amounts are transfers to a Renewal and Replacement (R&R) Fund and are to be used for R&R related capital projects. [6]Amounts based on the proposed capital funding plan as shown in Table 1-13. [7]Interest income is estimated on earnings on projected fund balances from unrestricted reserves allocated to the wastewater system. [8]The forecast assumes that any deficiencies will be funded from available operating reserves. Page 1 of 2 Table 1-21 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Combined Water and Wastewater System Revenue Requirements Line Fiscal Year Ending September 30th, No.Description 2020 2021 2022 2023 2024 2025 Operating Expenses: [1] 1 Administration Department $1,073,831 $1,218,522 $1,260,546 $1,304,341 $1,350,014 $1,397,679 2 Water Department 1,873,282 1,941,746 2,027,701 2,118,126 2,213,307 2,313,552 3 Wastewater Department 2,092,492 2,128,217 2,215,956 2,307,949 2,404,464 2,505,793 4 Wastewater Collection Department 590,663 617,702 643,637 670,953 699,748 730,126 5 Field Operations Department 1,797,318 1,759,863 1,833,030 1,889,905 1,949,830 1,674,096 6 Non-Departmental 537,533 560,183 580,272 601,116 622,742 645,184 7 Contingency - 0.00% of O&M 0 0 0 0 0 0 8 Bad Debt Expense - 0.25% of Rate Revenues 28,178 30,761 31,961 33,098 34,275 35,494 9 Other Adjustments -0 0 0 0 0 0 10 Total Operating Expenses $7,993,296 $8,256,993 $8,593,102 $8,925,486 $9,274,380 $9,301,923 Debt Service Payments: Existing Debt Service: [2] 11 Utility System Refunding Revenue Note, Series 2016 $1,074,125 $1,075,057 $1,074,483 $1,074,426 $1,074,863 $1,074,771 12 SRF Loan - #WW640520 383,969 383,969 383,969 383,969 383,969 383,969 13 SRF 2017 Loan - #WW640530 18,356 18,356 18,356 18,356 18,356 18,356 14 Lease Refunding Note, Series 2013 501,438 77,183 0 0 0 0 15 Capital Improvement Revenue Note, Series 2014 36,866 36,973 36,689 36,597 30,362 0 16 Vehicle Lease 2016 Amer Cap Svc.5,176 5,176 5,176 0 0 0 17 Total Existing Debt Service Payments $2,019,931 $1,596,715 $1,518,673 $1,513,348 $1,507,550 $1,477,096 Proposed Debt Service: [3] 18 Additional Senior Lien Debt 1 $0 $0 $0 $0 $371,955 $371,955 19 Additional Senior Lien Debt 2 0 0 0 0 0 0 20 Additional Senior Lien Debt 3 0 0 0 0 0 0 21 Additional Senior Lien Debt 4 0 0 0 0 0 0 22 Additional Subordinate Lien Debt 1 0 0 0 0 0 0 23 Additional Subordinate Lien Debt 2 0 0 0 140,817 281,634 281,634 24 Additional Subordinate Lien Debt 3 0 0 0 0 0 282,978 25 Additional Subordinate Lien Debt 4 0 0 0 0 0 0 26 Total Proposed Debt Service Payments $0 $0 $0 $140,817 $653,588 $936,567 27 Total Annual Debt Service Payments $2,019,931 $1,596,715 $1,518,673 $1,654,165 $2,161,138 $2,413,663 Other Revenue Requirements: 28 Payment In Lieu of Franchise Fees [4]$694,805 $710,389 $764,928 $793,376 $820,357 $848,286 29 Renewal and Replacement Fund Transfer [5]1,409,544 1,565,264 1,750,258 1,882,587 2,016,131 2,156,661 30 Capital Funded From Rates [6]398,000 392,200 396,526 357,273 360,551 363,927 31 Transfer to Capital Fund (General)0 0 0 0 0 0 32 Transfer to Operating Reserves 0 0 0 0 0 0 33 Transfer to Charter Reserve Fund 343,347 343,347 343,347 0 0 0 34 Transfer to Rate Stabilization Fund 0 0 0 0 0 0 35 Total Other Revenue Requirements $2,845,696 $3,011,200 $3,255,059 $3,033,236 $3,197,039 $3,368,874 36 Gross Revenue Requirements $12,858,922 $12,864,908 $13,366,833 $13,612,887 $14,632,557 $15,084,460 Other Revenues and Financial Resources: 37 Other Operating Revenues $769,392 $660,407 $662,812 $665,216 $667,621 $670,025 38 Unrestricted Interest Income [7]17,545 11,525 8,701 9,253 9,802 9,594 39 Development Fees Used for Debt Service Payments 120,000 120,000 120,000 120,000 120,000 120,000 40 Transfers from Operating Reserves 0 0 0 0 0 0 41 Transfer from Rate Stabilization 0 0 0 0 0 0 42 Total Other Revenues and Financial Resources $906,937 $791,932 $791,512 $794,469 $797,422 $799,619 43 Net Revenue Requirements $11,951,985 $12,072,976 $12,575,321 $12,818,418 $13,835,135 $14,284,842 Revenue From Combined Rates: 44 Existing Rate Revenue $11,271,101 $11,342,157 $11,413,213 $11,484,269 $11,555,325 $11,626,380 45 Revenue From Current Year Adjustments 0 962,310 375,946 389,598 403,732 418,362 46 Revenue From Prior Year Rate Adjustments 0 0 995,080 1,365,270 1,751,060 2,152,980 47 Total Revenue From Rates $11,271,101 $12,304,467 $12,784,239 $13,239,137 $13,710,116 $14,197,723 48 Revenue Surplus / (Deficiency) [8]($680,884)$231,491 $208,918 $420,719 ($125,019)($87,119) 49 Percentage Surplus / (Deficiency)-6.04%1.88%1.63%3.18%-0.91%-0.61% Footnotes located on following page. Page 2 of 2 Table 1-21 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Combined Water and Wastewater System Revenue Requirements Footnotes: [1]Amounts derived from the City's Fiscal Year 2020 Budget and are escalated as shown on Table 1-11. [2]Payment amounts shown were based on debt service schedules provided by City Staff. [3]The proposed debt is based upon the funding of the capital improvement program. Initial payments shown may indicate a partial year's payment of debt service due to the timing of the instrument. The following indicated the estimated terms and conditions of the proposed debt. Additional Senior Lien Debt 1 Principal (Includes Project Costs and Costs of Issuance)$4,445,000 Issue Date 10/1/2023 Interest Rate 5.50% Term (Years)20 Annual Average Debt Service $371,955 Additional Subordinate Lien Debt 2 Principal (Includes Project Costs and Costs of Issuance)$4,190,000 Issue Date 4/1/2023 Interest Rate 3.00% Term (Years)20 Annual Average Debt Service $281,634 Additional Subordinate Lien Debt 3 Principal (Includes Project Costs and Costs of Issuance)$4,210,000 Issue Date 10/1/2024 Interest Rate 3.00% Term (Years)20 Annual Average Debt Service $282,978 [4]Amount shown is a transfer to the City's General Fund and is based on 5.9% of the previous Fiscal Year's revenues. [5]Amounts are transfers to a Renewal and Replacement (R&R) Fund and are to be used for R&R related capital projects. [6]Amounts based on the proposed capital funding plan as shown in Table 1-13. [7]Interest income is estimated on earnings on projected fund balances from unrestricted reserves allocated to the wastewater system. [8]The forecast assumes that any deficiencies will be funded from available operating reserves. Page 1 of 3 Table 1-22 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Debt Service Coverage Compliance Line Fiscal Year Ending September 30th, No.Description 2020 2021 2022 2023 2024 2025 Gross Revenues: Rate Revenues 1 Revenues at Existing Rates [1]$11,271,101 $11,342,157 $11,413,213 $11,484,269 $11,555,325 $11,626,380 2 Revenues From Rate Adjustments [2]0 962,310 1,371,026 1,754,868 2,154,792 2,571,342 3 Use of Rate Stabilization Fund / (Deposit to Fund)0 0 0 0 0 0 4 Subtotal Rate Revenues $11,271,101 $12,304,467 $12,784,239 $13,239,137 $13,710,116 $14,197,723 Revenues From Other Sources: 5 Other Operating Revenues $769,392 $660,407 $662,812 $665,216 $667,621 $670,025 6 Unrestricted Interest Income [3]16,465 9,536 6,926 7,288 7,508 7,358 7 Subtotal Revenues from Other Sources $785,857 $669,943 $669,737 $672,505 $675,129 $677,383 8 Total Gross Revenues $12,056,958 $12,974,410 $13,453,976 $13,911,642 $14,385,245 $14,875,106 Cost of Operation and Maintenance: 9 Water System Cost of Operation and Maintenance $3,624,445 $3,789,471 $3,947,518 $4,100,766 $4,261,763 $4,230,137 10 Wastewater System Cost of Operation and Maintenance 4,368,851 4,467,522 4,645,584 4,824,720 5,012,617 5,071,786 11 Total Costs of Operation and Maintenance $7,993,296 $8,256,993 $8,593,102 $8,925,486 $9,274,380 $9,301,923 12 Net Revenues $4,063,663 $4,717,417 $4,860,874 $4,986,155 $5,110,865 $5,573,182 Annual Debt Service Requirements: Senior Lien Bond Service Requirements 13 Utility System Refunding Revenue Note, Series 2016 $1,074,125 $1,075,057 $1,074,483 $1,074,426 $1,074,863 $1,074,771 14 Additional Senior Lien Debt 1 0 0 0 0 371,955 371,955 15 Additional Senior Lien Debt 2 0 0 0 0 0 0 16 Additional Senior Lien Debt 3 0 0 0 0 0 0 17 Additional Senior Lien Debt 4 0 0 0 0 0 0 18 Total Senior Lien Bond Service Requirements $1,074,125 $1,075,057 $1,074,483 $1,074,426 $1,446,818 $1,446,726 Subordinate Lien Debt Service Requirements 19 SRF Loan - #WW640520 $383,969 $383,969 $383,969 $383,969 $383,969 $383,969 20 SRF 2017 Loan - #WW640530 18,356 18,356 18,356 18,356 18,356 18,356 21 Additional Subordinate Lien Debt 1 0 0 0 0 0 0 22 Additional Subordinate Lien Debt 2 0 0 0 140,817 281,634 281,634 23 Additional Subordinate Lien Debt 3 0 0 0 0 0 282,978 24 Additional Subordinate Lien Debt 4 0 0 0 0 0 0 25 Total Subordinate Lien Bond Service Requirements $402,325 $402,325 $402,325 $543,142 $683,959 $966,937 Secondary Subordinate Lien Debt Service Requirements 26 Lease Refunding Note, Series 2013 $501,438 $77,183 $0 $0 $0 $0 27 Capital Improvement Revenue Note, Series 2014 [4]36,866 36,973 36,689 36,597 30,362 0 28 Vehicle Lease 2016 Amer Cap Svc.5,176 5,176 5,176 0 0 0 29 Total Secondary Subordinate Lien Bond Service Requirements $543,480 $119,333 $41,865 $36,597 $30,362 $0 30 Total Annual Debt Service Requirements $2,019,931 $1,596,715 $1,518,673 $1,654,165 $2,161,138 $2,413,663 31 Minimum Required Renewal and Replacement Transfer $0 $29,062 $256,612 $0 $0 $190,608 All-In-Debt Service Coverage: 32 Net Revenues $4,063,663 $4,717,417 $4,860,874 $4,986,155 $5,110,865 $5,573,182 33 Total Debt Service Payments 2,019,931 1,596,715 1,518,673 1,654,165 2,161,138 2,413,663 34 Calculated Ratio 201.18%295.45%320.07%301.43%236.49%230.90% 35 Target Coverage Ratio - 150.00%150.00%150.00%150.00%150.00%150.00%150.00% Senior Lien Test: 36 Gross Revenues $12,056,958 $12,974,410 $13,453,976 $13,911,642 $14,385,245 $14,875,106 37 100% of Cost of Operation and Maintenance $7,993,296 $8,256,993 $8,593,102 $8,925,486 $9,274,380 $9,301,923 38 100% of Debt Service Reserve Account Requirement 0 0 0 0 0 0 39 100% of Minimum Required Renewal and Replacement Transfer 0 29,062 256,612 0 0 190,608 40 100% of Subordinate Lien Bond Service Requirements 402,325 402,325 402,325 543,142 683,959 966,937 41 115% of Senior Lien Bond Service Requirements 1,235,244 1,236,316 1,235,655 1,235,590 1,663,840 1,663,734 42 Total Requirements $9,630,865 $9,924,696 $10,487,694 $10,704,218 $11,622,180 $12,123,203 43 Calculated Ratio 125.19%130.73%128.28%129.96%123.77%122.70% 44 Minimum Required Coverage Ratio - 100.00%100.00%100.00%100.00%100.00%100.00%100.00% Page 2 of 3 Table 1-22 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Debt Service Coverage Compliance Line Fiscal Year Ending September 30th, No.Description 2020 2021 2022 2023 2024 2025 Subordinate Lien Debt Service Coverage: 45 Net Revenues After Senior Lien Debt Payment $2,828,419 $3,481,101 $3,625,219 $3,750,565 $3,447,025 $3,909,448 46 Subordinate Lien Debt Service Requirements 402,325 402,325 402,325 543,142 683,959 966,937 47 Calculated Ratio 703.02%865.25%901.07%690.53%503.98%404.31% 48 Minimum Required Coverage Ratio - 115.00%115.00%115.00%115.00%115.00%115.00%115.00% Senior Lien Test: (CAFR Presentation Method) 49 Net Revenues $4,063,663 $4,717,417 $4,860,874 $4,986,155 $5,110,865 $5,573,182 50 Total Senior Lien Bond Service Requirements $1,074,125 $1,075,057 $1,074,483 $1,074,426 $1,446,818 $1,446,726 51 Calculated Ratio 378.32%438.81%452.39%464.08%353.25%385.23% 52 Minimum Target Coverage Ratio - 115.00%115.00%115.00%115.00%115.00%115.00%115.00% 53 Net Revenues After Payment of Debt Service $2,043,732 $3,120,702 $3,342,202 $3,331,991 $2,949,727 $3,159,520 54 Use of Impact Fees for Debt Service Payments 120,000 120,000 120,000 120,000 120,000 120,000 55 Subtotal $2,163,732 $3,240,702 $3,462,202 $3,451,991 $3,069,727 $3,279,520 Less Other Payments and Transfers from Rates: 56 Payment In Lieu of Franchise Fees [5]$694,805 $710,389 $764,928 $793,376 $820,357 $848,286 57 General Fund Cost Allocation Transfer 0 0 0 0 0 0 58 Renewal and Replacement Fund Transfer 1,409,544 1,565,264 1,750,258 1,882,587 2,016,131 2,156,661 59 Capital Funded From Rates 398,000 392,200 396,526 357,273 360,551 363,927 60 Transfer to Charter Reserve Fund 343,347 343,347 343,347 0 0 0 61 Transfer to Capital Fund (General)0 0 0 0 0 0 62 Net Transfer to/ (from) Operating Reserves 0 0 0 0 0 0 63 Plus Restricted Interest Income (Not Includable Above)1,080 1,989 1,775 1,964 2,293 2,236 64 Net Amount Available for Other Utility System Purposes ($680,884)$231,491 $208,918 $420,719 ($125,019)($87,119) Footnotes located on following page. Page 3 of 3 Table 1-22 City of Edgewater, Florida Water and Wastewater Utility Rate Study Projection of Debt Service Coverage Compliance Footnotes: [1]Projected revenue from rates reflects existing rates effective October 1, 2018. [2]Revenue from water and wastewater rate adjustments reflect the following projected rate increases effective October 1st of each year. Fiscal Year 2020 2021 2022 2023 2024 2025 Rate Adjustment 0.00%9.00%3.00%3.00%3.00%3.00% [3]Amounts shown only reflect earnings from funds and accounts established by the City that are considered unrestricted (earnings not required to be retained in such funds and accounts and are available as a component of Net Revenues) [4]Amounts shown represent a transfer to the City's General fund for the Utility System's allocation (25.00%) of the Capital Improvement Revenue Note, Series 2014. [5]Amounts shown represent a transfer to the City's General fund for Payment in Lieu of Franchise Fees (PILOFF), which is a transfer made based on 5.90% of the previous year's rate revenue. Page 1 of 1 Table 1-23 City of Edgewater, Florida Water System Water and Wastewater Utility Rate Study Monthly Residential Bills for Water Service Comparison of Typical Monthly Residential Bills for Water Service [1] Residential Service for a 5/8" or 3/4" Meter Residential Service for a 5/8" or 3/4" Meter Line 0 2,000 3,000 4,000 6,000 8,000 10,000 15,000 No.Description Gallons Gallons Gallons [2]Gallons Gallons Gallons Gallons Gallons City of Edgewater, Florida 1 Existing Rates $13.92 $18.60 $26.38 $34.16 $51.68 $71.16 $90.64 $151.44 2 Proposed Rates - Fiscal Year 2021 15.17 20.27 28.75 37.23 56.33 77.57 98.81 165.06 Other Florida Utilities: 3 City of Daytona Beach [3]$17.48 $23.23 $28.98 $34.73 $46.23 $57.73 $69.23 $97.98 4 City of DeLand [4]12.28 16.50 18.61 20.72 26.31 33.27 40.23 67.68 5 City of Deltona 14.72 18.82 20.87 22.92 29.09 37.33 45.57 81.67 6 City of Port Orange 9.90 12.86 16.74 20.62 28.38 36.14 43.90 71.76 7 City of Eustis [3]11.09 15.73 18.05 20.37 25.01 29.65 35.43 49.88 8 City of Holly Hill [5]11.37 19.33 27.28 35.23 52.33 70.63 88.93 138.63 9 New Smyrna Beach Utilities Commission 11.65 13.51 14.44 15.68 18.16 22.08 26.00 35.80 10 City of Orange City 12.08 20.36 24.50 28.64 36.92 47.26 59.66 96.87 11 City of Ormond Beach 15.58 15.58 18.76 21.94 28.30 35.84 43.38 62.23 12 Town of Ponce Inlet 20.00 20.00 27.00 34.00 48.00 62.00 76.00 111.00 13 City of Sanford [3]12.02 12.02 14.36 16.70 21.38 27.52 33.66 51.71 14 Seminole County [3]14.30 16.72 17.93 19.14 21.56 23.98 26.40 36.40 15 City of South Daytona 3.39 8.82 14.25 19.68 30.54 45.47 64.47 111.97 16 Volusia County - Softened 14.84 23.24 27.44 31.64 41.00 51.32 61.64 88.34 17 Other Utilities' Average $12.91 $16.91 $20.66 $24.43 $32.37 $41.44 $51.04 $78.71 18 Minimum 3.39 8.82 14.25 15.68 18.16 22.08 26.00 35.80 19 Maximum 20.00 23.24 28.98 35.23 52.33 70.63 88.93 138.63 Footnotes: [1]Unless otherwise noted, amounts shown reflect residential rates in effect May 2020 and are exclusive of taxes or franchise fees, if any, and reflect rates charged for inside the city service. All rates are as reported by the respective utility. This comparison is intended to show comparable charges for similar service for comparison purposes only and is not intended to be a complete listing of all rates and charges offered by each listed utility. [2]Reflects average usage of a typical single family residential customer with both water and wastewater service within the service area of the City of Edgewater utility system. [3]Utility is currently involved in a rate study, is planning to conduct a rate study, or plans to implement a rate revision or price index / pass-through adjustment within the next twelve months following the comparison preparation date. [4]Utility bills a separate charge, applied on a "per bill basis," regardless of type of service. Such charge has been included in the rates for water service since this is the predominant service received by utility customers. [5]Includes a $3.00 renewal and replacement fee. Page 1 of 1 Table 1-24 City of Edgewater, Florida City of Edgewater, Florida Water and Wastewater Utility Rate Study Comparison of Typical Comparison of Typical Monthly Residential Bills for Wastewater Service [1]Monthly Residential Bills for Wastewater Service Residential Service for a 5/8" or 3/4" Meter Residential Service for a 5/8" or 3/4" Meter Line 0 2,000 3,000 4,000 6,000 8,000 10,000 15,000 No.Description Gallons Gallons Gallons [2]Gallons Gallons Gallons Gallons Gallons City of Edgewater, Florida 1 Existing Rates $20.20 $36.10 $44.05 $52.00 $67.90 $83.80 $99.70 $139.45 2 Proposed Rates - Fiscal Year 2021 22.02 39.36 48.03 56.70 74.04 91.38 108.72 152.07 Other Florida Utilities: 7 City of Daytona Beach [3]$14.50 $24.40 $34.30 $44.20 $64.00 $83.80 $103.60 $153.10 8 City of DeLand [4]24.41 34.07 38.90 43.73 53.39 63.05 72.71 72.71 9 City of Deltona 20.67 55.27 72.57 89.87 129.67 174.67 219.67 219.67 10 City of Port Orange [3]11.70 20.40 24.75 29.10 37.80 46.50 55.20 63.90 11 City of Eustis [3]26.10 32.62 35.88 39.14 45.66 52.18 58.70 58.70 12 City of Holly Hill [5]15.01 21.19 30.54 39.89 58.59 77.29 95.99 142.74 13 New Smyrna Beach Utilities Commission 18.61 26.75 30.82 34.89 43.03 51.17 59.31 79.66 14 City of Orange City 23.53 39.75 47.86 55.97 72.19 88.41 96.52 96.52 15 City of Ormond Beach 19.29 19.29 23.72 28.15 37.01 45.87 54.73 76.88 16 Town of Ponce Inlet 14.63 25.51 30.95 36.39 47.27 58.15 69.03 79.91 17 City of Sanford [3]22.11 22.11 28.14 34.17 46.23 58.29 70.35 82.41 18 Seminole County [3]22.72 33.06 38.23 43.40 53.74 64.08 74.42 100.27 19 City of South Daytona [3]6.16 16.01 25.86 35.71 55.41 75.11 94.81 144.06 20 Volusia County - Softened [3]22.81 32.45 37.27 42.09 51.73 61.37 71.01 90.29 21 Other Utilities' Average $18.73 $28.78 $35.70 $42.62 $56.84 $71.42 $85.43 $104.34 22 Minimum 6.16 16.01 23.72 28.15 37.01 45.87 54.73 58.70 23 Maximum 26.10 55.27 72.57 89.87 129.67 174.67 219.67 219.67 Footnotes: [1]Unless otherwise noted, amounts shown reflect residential rates in effect May 2020 and are exclusive of taxes or franchise fees, if any, and reflect rates charged for inside the city service. All rates are as reported by the respective utility. This comparison is intended to show comparable charges for similar service for comparison purposes only and is not intended to be a complete listing of all rates and charges offered by each listed utility. [2]Reflects average usage of a typical single family residential customer with both water and wastewater service within the service area of the City of Edgewater utility system. [3]Utility is currently involved in a rate study, is planning to conduct a rate study, or plans to implement a rate revision or price index / pass-through adjustment within the next twelve months following the comparison preparation date. [4]Utility bills a separate charge, applied on a "per bill basis," regardless of type of service. Such charge has been included in the rates for water service since this is the predominant service received by utility customers. [5]Includes a $3.00 renewal and replacement fee. Page 1 of 1 Table 1-25 City of Edgewater, Florida Water and Wastewater Utility Rate Study Comparison of Typical Monthly Residential Bills for Combined Water and Wastewater Service [1] Residential Service for a 5/8" or 3/4" Meter Line 0 2,000 3,000 4,000 6,000 8,000 10,000 15,000 No.Description Gallons Gallons Gallons [2]Gallons Gallons Gallons Gallons Gallons City of Edgewater, Florida 1 Existing Rates $34.12 $54.70 $70.43 $86.16 $119.58 $154.96 $190.34 $290.89 2 Proposed Rates - Fiscal Year 2021 37.19 59.63 76.78 93.93 130.37 168.95 207.53 317.13 Other Florida Utilities: 3 City of Daytona Beach [3]$31.98 $47.63 $63.28 $78.93 $110.23 $141.53 $172.83 $251.08 4 City of DeLand [4]36.69 50.57 57.51 64.45 79.70 96.32 112.94 140.39 5 City of Deltona 35.39 74.09 93.44 112.79 158.76 212.00 265.24 301.34 6 City of Port Orange [3]21.60 33.26 41.49 49.72 66.18 82.64 99.10 135.66 7 City of Eustis [3]37.19 48.35 53.93 59.51 70.67 81.83 94.13 108.58 8 City of Holly Hill [5]26.38 40.52 57.82 75.12 110.92 147.92 184.92 281.37 9 New Smyrna Beach Utilities Commission 30.26 40.26 45.26 50.57 61.19 73.25 85.31 115.46 10 City of Orange City 35.61 60.11 72.36 84.61 109.11 135.67 156.18 193.39 11 City of Ormond Beach 34.87 34.87 42.48 50.09 65.31 81.71 98.11 139.11 12 Town of Ponce Inlet 34.63 45.51 57.95 70.39 95.27 120.15 145.03 190.91 13 City of Sanford [3]34.13 34.13 42.50 50.87 67.61 85.81 104.01 134.12 14 Seminole County [3]37.02 49.78 56.16 62.54 75.30 88.06 100.82 136.67 15 City of South Daytona [3]9.55 24.83 40.11 55.39 85.95 120.58 159.28 256.03 16 Volusia County - Softened [3]37.65 55.69 64.71 73.73 92.73 112.69 132.65 178.63 17 Other Utilities' Average $31.64 $45.69 $56.36 $67.05 $89.21 $112.87 $136.47 $183.05 18 Minimum 9.55 24.83 40.11 49.72 61.19 73.25 85.31 108.58 19 Maximum 37.65 74.09 93.44 112.79 158.76 212.00 265.24 301.34 Footnotes: [1]Unless otherwise noted, amounts shown reflect residential rates in effect January 2020 and are exclusive of taxes or franchise fees, if any, and reflect rates charged for inside the city service. All rates are as reported by the respective utility. This comparison is intended to show comparable charges for similar service for comparison purposes only and is not intended to be a complete listing of all rates and charges offered by each listed utility. [2]Reflects average usage of a typical single family residential customer with both water and wastewater service within the service area of the City of Edgewater utility system. [3]Utility is currently involved in a rate study, is planning to conduct a rate study, or plans to implement a rate revision or price index / pass-through adjustment within the next twelve months following the comparison preparation date. [4]Utility bills a separate charge, applied on a "per bill basis," regardless of type of service. Such charge has been included in the rates for water service since this is the predominant service received by utility customers. [5]Includes a $3.00 renewal and replacement fee. DRAFT 1 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)2-1 SECTION 2 –SOLID WASTE SYSTEM Customer Growth and Revenues Projected revenues from rates for the solid waste system were based on the schedule of solid waste and recycling rates and charges effective October 1, 2019. In order to calculate projected revenues from rates for the Forecast Period, the existing fiscal year 2020 rates were applied to the projected billing statistics. Based on discussions with City Staff, the growth projections included in thi s analysis recognize an average growth in customers of approximately 0.81%, or 80 accounts, per year throughout the Forecast Period,as shown in Table 2-1.Based on these assumptions, system revenues at existing rates are estimated to increase from approximately $3.9 million to $4.2 million per year over the Forecast Period. Other miscellaneous operating revenues are projected, on average, to be approximately $1,000 per year and interest earnings on unrestricted fund balances are estimated to average approximately $2,300 per year as shown on Tables 2-1 and 2-2. Operating and Maintenance Expenses The Fiscal Year 2020 operating budget served as the basis for the operating expense projections for the remainder of the Forecast Period.Certain adjustments were made to the Fiscal Year 2020 operating budget to exclude depreciation, principal and interest payments on debt,capital expenditures, and additions to reserves, which were accounted for separately in our analysis; or in the case of depreciation, excluded as a non-cash expense. These adjustments resulted in the Fiscal Year 2020 operating budget of $6.4 million being adjusted down to approximately $2.9 million in cash operating expenses, as shown in Table 2-3. A contingency allowance of one percent (1.0%) of operation and maintenance expenses was recognized for unanticipated expenditures in each fiscal year.This factor was included in the analysis understanding that certain operational changes will be implemented in the future for this system.Additionally, a bad debt allowance of 0.25% of rate revenues was recognized in each fiscal year. The aforementioned allowances represent averages of approximately $30,800 and $10,300 annually, respectively.Operation and maintenance expenses are projected to increase by an annual average of approximately 3.2% per year from Fiscal Year 2020 operating budget levels, as shown on Table 2-4. The overall increase over the Forecast Period in projected operating expenses was based upon assumptions corresponding to several escalation factors and the nature of the expense as shown on Table 2-5.A few of the major factors are shown below: 1.Labor –4.0% in Fiscal Year 2021 and 3.0% in Fiscal Years 2022 through 2025 2.Health Insurance –10.0% per year 3.Consumer Price Index (CPI)–Average of 2.5% per year 4.Electricity and Fuel –5.0% per Year Capital Improvement Plan The CIP utilized in this analysis was based on the Fiscal Year 2020 –2025 CIP, as provided by City.The City's project cost estimates were based on current year dollars and therefore these amounts were escalated to account for cost inflation over the Forecast Period. The CIP includes approximately $3.8 million to fund new larger collection vehicles (changing from 18 cubic yard trucks to 25 cubic yard trucks), other support vehicles,an allocation of the debt service associated with the new public works building, and other ongoing DRAFT 1 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)2-2 capital outlay.The System's share of the Public Works Facility is anticipated to be funded from existing reserves and the financial forecast assumes that the other solid waste projects in the CIP will be fully funded through a combination of rate revenues, reserves, proposed debt, and capital leases as shown on Table 2-6. Existing and Proposed Debt Based on the payment schedules for the proposed capital leases, the annual lease payments to be funded from rates fully begin at approximately $158,000 in 2021, increasing to $277,000 by Fiscal Year 2025. Payments for the proposed leases include amounts for the new larger vehicles associated with collection process changes the City will be implementing. Proposed debt service payments are summarized on Table 2-7 found at the end of this report. Transfers The City transfers 5.9% of the prior year's solid waste gross revenues to the General Fund in the form of a PILOFF.This amount is funded each year of the Forecast Period and averages approximately $218,000 annually, as shown in Table 2-8. Cash Balances As previously mentioned in Section 1 of this report,in Fiscal Year 2011 the City adopted Resolution No.2011-R-20, which established a fund balance policy applying to all General Fund balances (the "Charter Reserve"). Subsequently in Fiscal Year 2016 the City adopted Resolution No.2016-R-40,which extended the fund balance policy to all operating funds including the water, wastewater, stormwater and solid waste enterprise funds.Part of the adopted fund balance policy establishes a reserve balance target equal to 15% of the current fiscal year operating expenditures, with a maximum of 25%. If the reserve balance amount falls below targeted levels the City must begin a plan to achieve the minimum balance of 15%within five (5) years.The solid waste system is anticipated to transfer approximately $180,000 in Fiscal Year 2020 to achieve this target.No additional transfers are assumed beyond Fiscal Year 2020. Additionally, the City also targets an operating fund cash balance of between 90 to 120 days of rate revenue for the solid waste system. By the end of the Forecast Period,the City is projected to have $1.2 million in the operating fund,as shown in Table 2-9,which meets all internal City policy requirements and targets. Conclusions and Recommendations Based on the projected operating expenditure needs of the solid waste system and the projected funding plan for the CIP, it is estimated that the previously adopted rate increases will be sufficient to meet the needs of the system, as shown in Tables 2-10 through 2-12.The projected operating results set forth herein assume the adoption of proposed rate adjustments that differ significantly from the previously adopted and proposed rate adjustments.Based on the revised financial projections developed in collaboration with the City during this update the revenue requirements are materially lower than previously projected.These revised projections allow for some beneficial rate relief for the City's solid waste customers as the proposed rate adjustment for 2021 is a decrease of 14.5% percent.Subsequent annual adjustments are also projected to be delayed and lower than previously projected.Below is a summary of the proposed rate adjustments, along with certain projected financial operating results. DRAFT 1 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)2-3 Summary of Projected Rate Adjustments and Key Operating Results Fiscal Year Ending September 30, Description 2020 2021 2022 2023 2024 2025 Previously Recommended Rate Adjustments 6.0%6.0%6.0%3.0%3.0%N/A Proposed Solid Waste Rate Adjustments Collection Service N/A [*]-14.5%0.0%1.5%2.0%2.0% Recycling Service N/A [*]0.0%2.6%2.5%2.4%2.3% System Revenue Surplus/(Deficiency)$352,287 $223,728 $161,718 $79,514 ($1,657,667)($10,114) Operating Fund (Ending Balance)$2,377,942 $2,601,670 $2,763,388 $2,842,902 $1,185,235 $1,175,120 Days of Cash (Target of 90-120 Days of Rate Revenue)217 266 279 280 113 109 Charter Reserve Fund (Ending Balance)$555,233 $555,788 $556,344 $556,900 $557,457 $558,014 Senior Lien Debt Service Coverage (Test 1.00)N/A N/A N/A N/A N/A N/A Subordinate Lien Debt Service Coverage (Test 1.15)29.91 3.95 3.58 2.53 2.51 1.92 All-In Debt Service Coverage (Target 1.50)29.91 3.95 3.58 2.53 2.51 1.92 __________ [*]Rates were adjusted in January of Fiscal Year 2020 by 6.0%. It should be noted that this report is based on a base case analysis under the solid waste utility system's existing configuration without any major operational changes (changes in routes, number of pickups per week, etc.).The City is currently contemplating operational adjustments to save on costs moving forward. If the City begins to implement any major operational changes then the results shown above and in the supporting analytical tables of this report would need to be reevaluated and revised accordingly. (Remainder of page intentionally left blank) DRAFT 1 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)2-4 Rate Comparison As shown below and on Table 2-12,even after the recommended rate decrease of 14.5% the bills under the proposed Fiscal Year 2021 solid waste rates are still above average when compared to the surveyed, neighboring utilities'average.It should be noted that many of the comparable entities below may also be implementing rate adjustments in 2021. (Remainder of page intentionally left blank) Page 1 of 2 Table 2-1 City of Edgewater, Florida Solid Waste Utility Rate Study Projected Collection Customers and Revenues Under Existing Rates Line Historical Fiscal Year Ending September 30, No.Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 COLLECTION Residential: 1 Customer Growth N/A 40 1 84 8 19 75 75 75 75 75 75 2 Number of Bills 110,284 110,759 110,768 111,773 111,869 112,101 113,001 113,901 114,801 115,701 116,601 117,501 3 Average Number of Customers 9,190 9,230 9,231 9,314 9,322 9,342 9,417 9,492 9,567 9,642 9,717 9,792 4 Monthly Collection Fee $20.15 $20.15 $21.96 $23.94 $26.09 $27.66 $28.70 $29.04 $29.04 $29.04 $29.04 $29.04 5 Total Residential Collection Revenue $2,222,223 $2,231,794 $2,432,465 $2,657,403 $2,898,619 $3,086,047 $3,242,564 $3,307,685 $3,333,821 $3,359,957 $3,386,093 $3,412,229 Multi-Family: 6 Customer Growth N/A 10 (0)(1)(1)(1)0 0 0 0 0 0 7 Number of Bills 320 436 433 427 418 411 411 411 411 411 411 411 8 Average Number of Customers 27 36 36 36 35 34 34 34 34 34 34 34 9 Number of Units 2,002 4,640 4,534 4,505 4,410 4,518 4,518 4,518 4,518 4,518 4,518 4,518 10 Monthly Collection Fee $20.15 $20.15 $21.96 $23.94 $26.09 $27.66 $28.70 $29.04 $29.04 $29.04 $29.04 $29.04 11 Total Multi-Family Collection Revenue $40,340 $93,496 $99,567 $107,106 $114,268 $124,377 $129,644 $131,203 $131,203 $131,203 $131,203 $131,203 Commercial: 12 Customer Growth N/A 1 3 21 (1)2 5 5 5 5 5 5 13 Number of Bills 3,025 3,041 3,075 3,324 3,312 3,333 3,393 3,453 3,513 3,573 3,633 3,693 14 Average Number of Customers 252 253 256 277 276 278 283 288 293 298 303 308 15 Number of Units 5,587 4,052 4,079 4,326 4,310 4,040 4,113 4,185 4,258 4,331 4,404 4,476 16 Monthly Collection Fee $22.65 $22.65 $24.92 $27.16 $29.60 $31.38 $32.56 $32.95 $32.95 $32.95 $32.95 $32.95 17 Total Commercial Collection Revenue $126,546 $91,778 $101,649 $116,687 $126,711 $126,176 $133,900 $137,911 $140,307 $142,703 $145,100 $147,496 18 Revenue Adjustment $6,928 $9,830 $12,043 $11,546 $32,149 $18,974 $19,938 $20,340 $20,502 $20,664 $20,826 $20,989 18 Total Collection Revenue $2,396,037 $2,417,068 $2,633,681 $2,881,196 $3,139,598 $3,336,600 $3,506,108 $3,576,798 $3,605,331 $3,633,863 $3,662,396 $3,690,928 Page 2 of 2 Table 2-1 City of Edgewater, Florida Solid Waste Utility Rate Study Projected Collection Customers and Revenues Under Existing Rates Line Historical Fiscal Year Ending September 30, No.Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 RECYCLING Residential: 19 Customer Growth N/A 56 117 40 (14)(8)75 75 75 75 75 75 20 Number of Bills 110,387 111,059 112,464 112,946 112,780 112,688 113,588 114,488 115,388 116,288 117,188 118,088 21 Number of Units N/A N/A 9,664 9,627 9,613 9,864 9,939 10,014 10,089 10,164 10,239 10,314 22 Average Number of Customers 9,199 9,255 9,372 9,412 9,398 9,391 9,466 9,541 9,616 9,691 9,766 9,841 23 Monthly Recycling Fee $2.60 $2.60 $2.65 $3.06 $3.34 $3.54 $4.12 $4.31 $4.31 $4.31 $4.31 $4.31 24 Subtotal Recycling Revenue $287,006 $288,753 $307,315 $353,503 $385,283 $417,050 $491,086 $517,924 $521,803 $525,682 $529,561 $533,440 25 Total Recycling Revenue $287,006 $288,753 $307,315 $353,503 $385,283 $417,050 $491,086 $517,924 $521,803 $525,682 $529,561 $533,440 EXTRA CANS (>3 CANS) 26 Extra Can Growth N/A 0 7 0 0 0 0 0 0 0 0 0 27 Number of Bills 12 12 19 19 19 19 19 19 19 19 19 19 28 Average Monthly Number of Extra Cans 2 2 9 9 9 9 9 9 9 9 9 9 29 Monthly Extra Can Fee $3.00 $3.00 $3.00 $3.00 $3.00 $3.00 $3.00 $3.00 $3.00 $3.00 $3.00 $3.00 30 Total Extra Cans Revenue $72 $72 $324 $324 $324 $324 $324 $324 $324 $324 $324 $324 31 Total Rate Revenues $2,683,115 $2,705,893 $2,941,320 $3,235,024 $3,525,205 $3,753,974 $3,997,518 $4,095,047 $4,127,458 $4,159,869 $4,192,281 $4,224,692 Page 1 of 1 Table 2-2 City of Edgewater, Florida Solid Waste Utility Rate Study Projected Solid Waste System Revenue Under Existing Rates [1] Line Cost Center Budgeted Adjusted Escalation Fiscal Year Ending September 30, No.ID Code Description 2020 Adjustments 2020 Reference 2021 2022 2023 2024 2025 SYSTEM REVENUES 1 447-0000-343.41-10 Refuse Collection - Residential / Non-Residential $3,190,206 $316,226 $3,506,432 Input $3,577,122 $3,605,655 $3,634,187 $3,662,720 $3,691,252 2 447-0000-343.42-10 Recycling 390,898 100,188 491,086 Input 517,924 521,803 525,682 529,561 533,440 3 447-0000-361.10-10 Interest 5,000 (5,000)0 Eliminate 0 0 0 0 0 4 447-0000-364.42-10 Insurance Proceeds 0 0 0 Eliminate 0 0 0 0 0 5 447-0000-365.10-00 Sale of Surplus 5,000 (5,000)0 Eliminate 0 0 0 0 0 6 447-0000-369.90-00 Other Miscellaneous Revenue 0 0 0 Inflation 0 0 0 0 0 7 447-0000-369.90-10 Miscellaneous Revenue 1,000 0 1,000 Constant 1,000 1,000 1,000 1,000 1,000 8 447-0000-369.90-20 Retirement Forfeitures 0 0 0 Eliminate 0 0 0 0 0 9 447-0000-384.01-00 Proceeds from Long-Term Debt 2,590,000 (2,590,000)0 Eliminate 0 0 0 0 0 10 447-0000-384.17-01 Capital Improvement Note 2017 0 0 0 Eliminate 0 0 0 0 0 11 447-0000-389.90-12 Unreserved Proprietary 247,744 (247,744)0 Eliminate 0 0 0 0 0 12 TOTAL SYSTEM REVENUES $6,429,848 ($2,431,330)$3,998,518 $4,096,047 $4,128,458 $4,160,869 $4,193,281 $4,225,692 Footnotes: [1]Budgeted amounts shown are based on the Fiscal Year 2020 Adopted Operating Budget. Page 1 of 3 Table 2-3 City of Edgewater, Florida Solid Waste Utility Rate Study Fiscal Year 2020 Adopted Budget [1] Line Cost Center Budget Adjusted No.ID Code Description 2020 Adjustments 2020 Solid Waste Utility Operating Expenses Environmental Services Refuse Department - 4060 Personnel Services: 1 447-4060-534.12-10 Regular Salaries and Wages $736,337 ($125,000)$611,337 2 AddPer Additional Personnel 0 0 0 3 447-4060-534.12-20 DC ICMA 0 0 0 4 447-4060-534.14-10 Overtime 38,126 0 38,126 5 447-4060-534.15-30 Cell Phone 0 0 0 6 447-4060-534.15-60 Boot Allowance 3,250 0 3,250 7 447-4060-534.21-10 FICA 42,614 0 42,614 8 447-4060-534.21-20 Medicare 9,966 0 9,966 9 447-4060-534.22-10 Retirement Contributions 0 0 0 10 447-4060-534.22-20 DCSE 80,201 0 80,201 11 447-4060-534.23-10 Life Insurance 3,048 0 3,048 12 447-4060-534.23-20 Group Medical Insurance 272,183 ($89,249)182,934 13 447-4060-534.23-21 HSA Employer Contribution 16,550 0 16,550 14 447-4060-534.23-22 HRA Employer Contribution 2,500 0 2,500 15 447-4060-534.2330 Dental Insurance 5,390 0 5,390 16 447-4060-534.23-40 Long-Term Disability 5,565 0 5,565 17 447-4060-534.23-60 Broker & Admin Fees 5,485 0 5,485 18 447-4060-534.23-90 Other Post Employment Benefits (OPEB)0 0 0 19 447-4060-534.24-10 Worker's Compensation 35,563 0 35,563 20 Total Personnel Services $1,256,778 ($214,249)$1,042,529 Operating Expenses: 21 447-4060-534.31-10 Professional Services $10,000 $35,000 $45,000 22 447-4060-534.34-10 Other Contractual Services 540,153 (520,000)20,153 23 447-4060-534.34-10 Volusia County Landfill 0 420,000 420,000 24 447-4060-534.34-10 Cloer & Sons / Green Waste Disposal 0 100,000 100,000 25 447-4060-534.40-10 Travel and Per Diem 0 0 0 26 447-4060-534.41-10 Telephone 0 0 0 27 447-4060-534.41-30 Legal Ads 0 0 0 28 447-4060-534.41-40 Postage 12,000 0 12,000 29 447-4060-534.43-10 Electric 1,957 0 1,957 30 447-4060-534.43.30 Water / Sewer / Trash 4,695 0 4,695 31 447-4060-534.44-10 Rent 100 0 100 32 447-4060-534.46-10 Repair & Maintenance 2,000 0 2,000 33 447-4060-534.46-20 Fleet Charges 171,016 0 171,016 34 447-4060-534.47-10 Printing & Binding 2,000 0 2,000 35 447-4060-534.48-10 Promotional Activities 6,050 0 6,050 36 447-4060-534.49-01 Cost Allocation 241,789 0 241,789 37 447-4060-534.49-10 Other Charges / Obligations 2,400 0 2,400 38 447-4060-534.49-20 Bank Charges 0 0 0 39 447-4060-534.49-47 Payment-in-Lieu of Franchise Fees (PILOFF) [2]202,607 (202,607)0 40 447-4060-534.52-10 Operating Supplies 20,000 0 20,000 41 447-4060-534.52-20 Fuel (Unleaded & Diesel)125,000 0 125,000 42 447-4060-534.52-30 Uniforms 6,900 0 6,900 43 447-4060-534.54-10 Books, Publications, Subscriptions, & Memberships 0 0 0 44 447-4060-534.54-20 Educational Development 5,500 0 5,500 45 Total Operating Expenses $1,354,167 ($167,607)$1,186,560 46 Total Refuse Department - 4060 $2,610,945 ($381,856)$2,229,089 Page 2 of 3 Table 2-3 City of Edgewater, Florida Solid Waste Utility Rate Study Fiscal Year 2020 Adopted Budget [1] Line Cost Center Budget Adjusted No.ID Code Description 2020 Adjustments 2020 Recycling Department - 4065 Operating Expenses: 47 447-4065-534.34-10 Other Contractual Services $370,000 $121,086 $491,086 48 447-4065-534.47-10 Printing & Binding 0 0 0 49 447-4065-534.48-10 Promotional Activities 0 0 0 50 447-4065-534.49-01 Cost Allocation 8,602 0 8,602 51 447-4065-534.49-47 Payment-in-Lieu of Franchise Fees (PILOFF) [2]8,684 (8,684)0 52 Total Operating Expenses $387,286 $112,402 $499,688 53 Total Recycling Department - 4065 $387,286 $112,402 $499,688 54 Total Environmental Services $2,998,231 ($269,454)$2,728,777 Non-Departmental - 5555 Operating Expenses: 55 447-5555-580.22-10 Retirement Contributions $114,683 $0 $114,683 56 447-5555-580.23-80 PTO Expense 0 0 0 57 447-5555-580.31-10 Professional Services 7,089 0 7,089 58 447-5555-580.45-10 General Liability 5,500 0 5,500 59 447-5555-580.45-15 Property [3]11,065 (11,065)0 60 447-5555-580.45-20 Public Officials 4,432 0 4,432 61 447-5555-580.45-25 Automobile [3]5,554 (5,554)0 62 447-5555-580.49-50 Write Off 0 0 0 63 447-5555-580.49-60 Hurricane Charges 0 0 0 64 447-5555-580.59-10 Depreciation 0 0 0 65 447-5555-580.61-10 Land [3]0 0 0 66 447-5555-580.64-10 Machinery & Equipment [3]1,100,000 (1,100,000)0 67 447-5555-580.64-20 Motor Vehicles [3]1,490,000 (1,490,000)0 68 447-5555-581.04-40 Water Sewer 0 0 0 69 447-5555-581.04-50 Public Works Complex - Capital [3]280,000 (280,000)0 70 447-5555-581.10-01 MIS [3]0 0 0 71 447-5555-581.10-01 General Fund 0 0 0 72 447-5555-589.10-01 Current Year Unreserved 0 0 0 73 447-5555-589.50-50 Charter Reserve/Stabilization 413,294 (413,294)0 74 Total Operating Expenses $3,431,617 ($3,299,913)$131,704 75 Total Non-Departmental - 5555 $3,431,617 ($3,299,913)$131,704 Page 3 of 3 Table 2-3 City of Edgewater, Florida Solid Waste Utility Rate Study Fiscal Year 2020 Adopted Budget [1] Line Cost Center Budget Adjusted No.ID Code Description 2020 Adjustments 2020 Miscellaneous Adjustments 76 Contingency Contingency - 1.00% of O&M [4]$0 $28,605 $28,605 77 BadDebt Bad Debt Expense - 0.25% of Rate Revs. [5]0 9,994 9,994 Budgetary Adjustment - Actual to Budget 0 0 0 78 Assessment Tax Collector Expense (Assessment Billing)0 0 0 79 TOTAL OPERATING EXPENSES $6,429,848 ($3,530,769)$2,899,079 Footnotes: [1]Budgeted amounts shown are based on the Fiscal Year 2020 Adopted Operating Budget with certain adjustments as provided by the City. [2]Budgeted amounts for the PILOFF are transferred to the General Fund and are therefore excluded from the Cost of Operation and Maintenance for coverage purposes. These items have been adjusted from the budget and are accounted for in the summary of Revenue Requirements later in the rate model. [3]Amounts are adjusted from budget as shown herein since such capital outlay expenses and debt service payments are reflected in the Capital Improvements Plan or the Revenue Requirements part of the rate model. [4]A contingency of 1.00% of O&M was added to allow for unforeseen contingencies. [5]An allowance for bad debt expense of 0.25% of rate was recognized to account for uncollectible accounts. Page 1 of 2 Table 2-4 City of Edgewater, Florida Solid Waste Utility Rate Study Projection of Solid Waste Operating Expenses Line Cost Center Adjusted Escalation Fiscal Year Ending September 30, No.ID Code Description 2020 Reference 2021 2022 2023 2024 2025 Solid Waste Utility Operating Expenses Environmental Services Refuse Department - 4060 Personnel Services: 1 447-4060-534.12-10 Regular Salaries and Wages $611,337 Labor $635,790 $654,864 $674,510 $694,745 $715,588 2 AddPer Additional Personnel 0 Input 36,750 37,853 38,988 40,158 41,362 3 447-4060-534.12-20 DC ICMA 0 Labor 0 0 0 0 0 4 447-4060-534.14-10 Overtime 38,126 Labor 19,826 20,420 21,033 21,664 22,314 5 447-4060-534.15-30 Cell Phone 0 Inflation 0 0 0 0 0 6 447-4060-534.15-60 Boot Allowance 3,250 Inflation 3,331 3,418 3,503 3,587 3,670 7 447-4060-534.21-10 FICA 42,614 Labor 35,678 36,749 37,851 38,987 40,156 8 447-4060-534.21-20 Medicare 9,966 Health-Ins 8,343 9,178 10,096 11,105 12,216 9 447-4060-534.22-10 Retirement Contributions 0 Labor 0 0 0 0 0 10 447-4060-534.22-20 DCSE 80,201 Labor 69,053 71,125 73,259 75,457 77,720 11 447-4060-534.23-10 Life Insurance 3,048 General-Ins 2,574 2,703 2,838 2,980 3,129 12 447-4060-534.23-20 Group Medical Insurance 182,934 Health-Ins 196,341 215,975 237,573 261,330 287,463 13 447-4060-534.23-21 HSA Employer Contribution 16,550 Labor 17,212 17,728 18,260 18,808 19,372 14 447-4060-534.23-22 HRA Employer Contribution 2,500 Labor 2,600 2,678 2,758 2,841 2,926 15 447-4060-534.23-23 Dental Insurance 5,390 Health-Ins 5,929 6,522 7,174 7,891 8,681 16 447-4060-534.23-24 Long-Term Disability 5,565 Marginal 4,606 4,652 4,699 4,746 4,793 17 447-4060-534.23-25 Broker & Admin Fees 5,485 Health-Ins 6,034 6,637 7,301 8,031 8,834 18 447-4060-534.23-90 Other Post Employment Benefits (OPEB)0 Labor 0 0 0 0 0 19 447-4060-534.24-10 Worker's Compensation 35,563 Labor 34,676 35,717 36,788 37,892 39,029 20 Total Personnel Services $1,042,529 $1,078,745 $1,126,218 $1,176,630 $1,230,221 $1,287,252 Operating Expenses: 21 447-4060-534.31-10 Professional Services $45,000 Contractual $11,800 $12,272 $12,763 $13,273 $13,804 22 447-4060-534.34-10 Other Contractual Services 20,153 Contractual 20,959 21,797 22,669 23,576 24,519 23 447-4060-534.34-10 Volusia County Landfill 420,000 Cust-Growth 423,345 426,690 430,035 433,380 436,726 24 447-4060-534.34-10 Cloer & Sons / Green Waste Disposal 100,000 Growth+Infl 103,316 106,840 110,370 113,898 117,417 25 447-4060-534.40-10 Travel and Per Diem 0 Inflation 0 0 0 0 0 26 447-4060-534.41-10 Telephone 0 Inflation 0 0 0 0 0 27 447-4060-534.41-30 Legal Ads 0 Inflation 0 0 0 0 0 28 447-4060-534.41-40 Postage 12,000 Inflation 12,300 12,620 12,935 13,246 13,550 29 447-4060-534.43-10 Electric 1,957 Electricity 2,055 2,158 2,265 2,379 2,498 30 447-4060-534.43.30 Water / Sewer / Trash 4,695 Inflation 4,812 4,937 5,061 5,182 5,302 31 447-4060-534.44-10 Rent 100 Inflation 103 105 108 110 113 32 447-4060-534.46-10 Repair & Maintenance 2,000 Repair 2,060 2,122 2,185 2,251 2,319 33 447-4060-534.46-20 Fleet Charges 171,016 Repair 176,146 181,431 186,874 192,480 198,254 34 447-4060-534.47-10 Printing & Binding 2,000 Inflation 2,050 2,103 2,156 2,208 2,258 35 447-4060-534.48-10 Promotional Activities 6,050 Inflation 6,201 6,362 6,522 6,678 6,832 36 447-4060-534.49-01 Cost Allocation 241,789 Labor 251,461 259,004 266,775 274,778 283,021 37 447-4060-534.49-10 Other Charges / Obligations 2,400 Inflation 2,460 2,524 2,587 2,649 2,710 38 447-4060-534.49-20 Bank Charges 0 Inflation 0 0 0 0 0 39 447-4060-534.49-47 Payment-in-Lieu of Franchise Fees (PILOFF) [2]0 Eliminate 0 0 0 0 0 40 447-4060-534.52-10 Operating Supplies 20,000 Inflation 20,500 21,033 21,559 22,076 22,584 41 447-4060-534.52-20 Fuel (Unleaded & Diesel)125,000 Fuel 131,250 137,813 144,703 151,938 159,535 42 447-4060-534.52-30 Uniforms 6,900 Inflation 7,073 7,256 7,438 7,616 7,791 43 447-4060-534.54-10 Books, Publications, Subscriptions, & Memberships 0 Inflation 0 0 0 0 0 44 447-4060-534.54-20 Educational Development 5,500 Inflation 5,638 5,784 5,929 6,071 6,211 45 Total Operating Expenses $1,186,560 $1,183,529 $1,212,853 $1,242,933 $1,273,790 $1,305,444 46 Total Refuse Department - 4060 $2,229,089 $2,262,273 $2,339,071 $2,419,564 $2,504,012 $2,592,696 Recycling Department - 4065 Operating Expenses: 47 447-4065-534.34-10 Other Contractual Services $491,086 Rec-Growth $507,372 $524,677 $542,010 $559,336 $576,617 48 447-4065-534.47-10 Printing & Binding 0 Inflation 0 0 0 0 0 49 447-4065-534.48-10 Promotional Activities 0 Inflation 0 0 0 0 0 50 447-4065-534.49-01 Cost Allocation 8,602 Labor 8,946 9,214 9,491 9,776 10,069 51 447-4065-534.49-47 Payment-in-Lieu of Franchise Fees (PILOFF) [2]0 Eliminate 0 0 0 0 0 52 Total Operating Expenses $499,688 $516,318 $533,892 $551,501 $569,111 $586,686 53 Total Recycling Department - 4065 $499,688 $516,318 $533,892 $551,501 $569,111 $586,686 54 Total Environmental Services $2,728,777 $2,778,591 $2,872,962 $2,971,065 $3,073,123 $3,179,382 Non-Departmental - 5555 Operating Expenses: 55 447-5555-580.22-10 Retirement Contributions $114,683 Benefits $120,417 $126,438 $132,760 $139,398 $146,368 56 447-5555-580.23-80 PTO Expense 0 Labor 0 0 0 0 0 57 447-5555-580.31-10 Professional Services 7,089 Labor 7,373 7,594 7,822 8,056 8,298 58 447-5555-580.45-10 General Liability 5,500 General-Ins 5,775 6,064 6,367 6,685 7,020 Page 2 of 2 Table 2-4 City of Edgewater, Florida Solid Waste Utility Rate Study Projection of Solid Waste Operating Expenses Line Cost Center Adjusted Escalation Fiscal Year Ending September 30, No.ID Code Description 2020 Reference 2021 2022 2023 2024 2025 59 447-5555-580.45-15 Property 0 Eliminate 0 0 0 0 0 60 447-5555-580.45-20 Public Officials 4,432 Labor 4,609 4,748 4,890 5,037 5,188 61 447-5555-580.45-25 Automobile 0 Eliminate 0 0 0 0 0 62 447-5555-580.49-50 Write Off 0 Eliminate 0 0 0 0 0 63 447-5555-580.49-50 Hurricane Charges 0 Eliminate 0 0 0 0 0 64 447-5555-580.59-10 Depreciation 0 Eliminate 0 0 0 0 0 65 447-5555-580.61-10 Land 0 Eliminate 0 0 0 0 0 66 447-5555-580.64-20 Motor Vehicles 0 Eliminate 0 0 0 0 0 67 447-5555-581.04-40 Water Sewer 0 Eliminate 0 0 0 0 0 68 447-5555-581.04-50 Public Works Complex 0 Eliminate 0 0 0 0 0 69 447-5555-581.05-01 MIS 0 Eliminate 0 0 0 0 0 70 447-5555-581.10-01 General Fund 0 Eliminate 0 0 0 0 0 71 447-5555-589.10-01 Current Year Unreserved 0 Eliminate 0 0 0 0 0 72 447-5555-589.50-50 Charter Reserve/Stabalization 0 Eliminate 0 0 0 0 0 73 Total Operating Expenses $131,704 $138,174 $144,843 $151,838 $159,176 $166,873 74 Total Non-Departmental - 5555 $131,704 $138,174 $144,843 $151,838 $159,176 $166,873 Miscellaneous Adjustments 75 Contingency Contingency - 1.00% of O&M [4]$28,605 Input $29,168 $30,178 $31,229 $32,323 $33,463 76 BadDebt Bad Debt Expense - 0.25% of Rate Revs. [5]9,994 Input 10,238 10,319 10,400 10,481 10,562 77 Other Other Adjustment 0 Input 0 0 0 0 0 78 TOTAL OPERATING EXPENSES $2,899,079 $2,956,171 $3,058,302 $3,164,532 $3,275,103 $3,390,279 Footnotes: [1]Budgeted amounts shown are based on the Fiscal Year 2020 Adopted Operating Budget as provided by the City. [2]Budgeted amounts for the PILOFF are transferred to the General Fund and are therefore excluded from the Cost of Operation and Maintenance for coverage purposes. This items has been adjusted from the budget and are accounted for in the summary of Revenue Requirements later in the rate model. [3]Amounts are adjusted from budget as shown herein since such capital outlay expenses and debt service payments are reflected in the Capital Improvements Plan or the Revenue Requirements part of the rate model. [4]A contingency of 1.00% of O&M was added to allow for unforeseen contingencies. [5]An allowance for bad debt expense of 0.25% of rate was recognized to account for uncollectible accounts. Page 1 of 1 Table 2-5 City of Edgewater, Florida Solid Waste Utility Rate Study Summary of Projected Escalation Factors Line Escalation Fiscal Year Ending September 30, No.Description Reference 2021 2022 2023 2024 2025 1 General Inflation (CPI) [1][2]Inflation 1.0250 1.0260 1.0250 1.0240 1.0230 2 Labor [2]Labor 1.0400 1.0300 1.0300 1.0300 1.0300 3 Benefits [2]Benefits 1.0500 1.0500 1.0500 1.0500 1.0500 4 Health Insurance [2]Health-Ins 1.1000 1.1000 1.1000 1.1000 1.1000 5 Contractual Services Contractual 1.0400 1.0400 1.0400 1.0400 1.0400 6 Professional Services Professional 1.0400 1.0400 1.0400 1.0400 1.0400 7 Electricity Electricity 1.0500 1.0500 1.0500 1.0500 1.0500 8 General Insurance [2]General-Ins 1.0500 1.0500 1.0500 1.0500 1.0500 9 Repair and Maintenance Repair 1.0300 1.0300 1.0300 1.0300 1.0300 10 Fuel Fuel 1.0500 1.0500 1.0500 1.0500 1.0500 11 Constant Constant 1.0000 1.0000 1.0000 1.0000 1.0000 12 Eliminate Eliminate 0.0000 0.0000 0.0000 0.0000 0.0000 13 Marginal Marginal 1.0100 1.0100 1.0100 1.0100 1.0100 14 Decline Decline 0.9500 0.9500 0.9500 0.9500 0.9500 15 Customer Growth Cust-Growth 1.0080 1.0079 1.0078 1.0078 1.0077 16 Customer Growth + Inflation Growth+Infl 1.0332 1.0341 1.0330 1.0320 1.0309 17 Workers' Compensation WorkComp 1.0300 1.0300 1.0300 1.0300 1.0300 18 Recycling Rate Recycling 1.0250 1.0260 1.0250 1.0240 1.0230 19 Recycling Rate + Growth Rec-Growth 1.0332 1.0341 1.0330 1.0320 1.0309 Footnotes: [1]Estimated based on projections from "Budget and Economic Outlook: 2020 to 2030", published by the Congressional Budget Office in January 2020. [2]Based on discussions with City staff. Page 1 of 1 Table 2-6 City of Edgewater, Florida Solid Waste Utility Rate Study Capital Improvement Program Funding Plan Line Escalation Funding Adjusted Fiscal Year Ending September 30,6-Year No.Description Reference Source 2020 2021 2022 2023 2024 2025 Total CIP Escalation Factor Alternatives General Project Escalators 1 Inflation (CPI)Inflation 1.000 1.025 1.052 1.078 1.104 1.129 2 No Assumed Escalation (0.0% per Year)None 1.000 1.000 1.000 1.000 1.000 1.000 3 Capital Outlay (3.5% per Year)Outlay 1.000 1.035 1.070 1.110 1.150 1.190 4 ENR Index Average (3.0% per Year)ENR 1.000 1.030 1.060 1.090 1.120 1.150 5 Marginal Increase (1.0% per Year)Marginal 1.000 1.010 1.020 1.030 1.040 1.050 6 High Increase (5.0% per Year)High 1.000 1.050 1.100 1.160 1.220 1.280 CAPITAL IMPROVEMENT PLAN 7 Vehicles (Garbage Trucks)Inflation Sub.1 $891,766 $0 $0 $0 $0 $0 $891,766 8 Vehicles (Garbage Trucks) (Split Funding)Inflation Sub.2 0 0 0 323,400 0 0 323,400 9 Vehicles (Garbage Trucks) (Split Funding)Inflation Sub.3 0 0 0 0 0 338,700 338,700 10 Long Bed Pick-up Truck Outlay Rates 25,000 0 0 0 0 0 25,000 11 Public Works Building ENR Rates 280,000 0 0 0 1,724,800 0 2,004,800 12 Subtotal Capital Improvement Plan $1,196,766 $0 $0 $323,400 $1,724,800 $338,700 $3,583,666 13 Capital Outlay Outlay Rates $16,619 $31,050 $31,050 $32,100 $33,300 $34,500 $178,619 14 TOTAL CAPITAL IMPROVEMENT PLAN $1,213,385 $31,050 $31,050 $355,500 $1,758,100 $373,200 $3,762,285 FUNDING SOURCES 15 Rate Revenue Rates $321,619 $31,050 $31,050 $32,100 $1,758,100 $34,500 $2,208,419 16 Additional Subordinate Lien Debt 1 Sub.1 891,766 0 0 0 0 0 891,766 17 Additional Subordinate Lien Debt 2 Sub.2 0 0 0 323,400 0 0 323,400 18 Additional Subordinate Lien Debt 3 Sub.3 0 0 0 0 0 338,700 338,700 19 Additional Subordinate Lien Debt 4 Sub.4 0 0 0 0 0 0 0 20 Other Other 0 0 0 0 0 0 0 21 TOTAL FUNDING SOURCES $1,213,385 $31,050 $31,050 $355,500 $1,758,100 $373,200 $3,762,285 Footnotes: [1]Original amounts as provided by staff and adjusted for inflation. Page 1 of 1 Table 2-7 City of Edgewater, Florida Solid Waste Utility Rate Study Summary of Debt Service Payments - Sinking Fund Basis Line Fiscal Year Ending September 30th, No.Description 2020 2021 2022 2023 2024 2025 Solid Waste System Proposed Junior Lien Debt: 1 Additional Subordinate Lien Debt 1 $36,826 $158,002 $157,446 $157,854 $157,208 $157,526 2 Additional Subordinate Lien Debt 2 0 0 0 57,895 57,895 57,895 3 Additional Subordinate Lien Debt 3 0 0 0 0 0 61,351 4 Additional Subordinate Lien Debt 4 0 0 0 0 0 0 5 Total Proposed Junior Lien Debt Service Payments $36,826 $158,002 $157,446 $215,749 $215,103 $276,772 6 Total Solid Waste Debt Service Payments $36,826 $158,002 $157,446 $215,749 $215,103 $276,772 Page 1 of 1 Table 2-8 City of Edgewater, Florida Solid Waste Utility Rate Study Projection of Interfund Transfers Line Fiscal Year Ending September 30, No.Description 2020 2021 2022 2023 2024 2025 Payment in Lieu of Franchise Fees (PILOFF) [1] 1 Current Year Collection Revenue $3,506,108 $3,058,163 $3,082,558 $3,153,557 $3,241,885 $3,332,484 2 Current Year Recycling Revenue 491,086 517,924 535,370 552,834 570,279 587,669 3 Total Rate Revenue $3,997,194 $3,576,087 $3,617,928 $3,706,391 $3,812,164 $3,920,153 4 Payment In Lieu of Franchise Fees Factor (% of Revenue)5.29%5.90%5.90%5.90%5.90%5.90% 5 Payment in Lieu of Franchise Fee Amount $211,291 $210,989 $213,458 $218,677 $224,918 $231,289 6 Collection Allocation 95.89%95.89%95.89%95.89%95.89%95.89% 7 Recycling Allocation 4.11%4.11%4.11%4.11%4.11%4.11% 8 Solid Waste Payment in Lieu of Franchise Fees (PILOFF) Transfer $202,607 $202,317 $204,685 $209,689 $215,674 $221,783 9 Recycling Payment in Lieu of Franchise Fees (PILOFF) Transfer 8,684 8,672 8,773 8,988 9,244 9,506 10 Annual Payment in Lieu of Franchise Fees (PILOFF) Transfers $211,291 $210,989 $213,458 $218,677 $224,918 $231,289 Charter Reserve Transfer 11 Total Charter Reserve Transfer $179,623 $0 $0 $0 $0 $0 12 Total Interfund Transfers $390,914 $210,989 $213,458 $218,677 $224,918 $231,289 Footnotes: [1]Amounts reflect Fund Transfers budgeted in the Fiscal Year 2020 Operating Budget. Page 1 of 1 Table 2-9 City of Edgewater, Florida Solid Waste Utility Rate Study Projection of Ending Cash Balances and Interest Income Investment Reference Line Cash Interest Projected Fiscal Year Ending September 30, No.Description Balance Income 2020 2021 2022 2023 2024 2025 Year End Cash Balances Roll-Up: 1 Solid Waste Operating Fund (447)(U)(U)$2,377,942 $2,601,670 $2,763,388 $2,842,902 $1,185,235 $1,175,120 2 Charter Reserve Fund (U)(U)555,233 555,788 556,344 556,900 557,457 558,014 3 Total Ending Cash Balances $2,933,175 $3,157,458 $3,319,732 $3,399,802 $1,742,692 $1,733,135 Solid Waste Operating Fund (447) 4 Beginning Balance $2,020,654 $2,377,942 $2,601,670 $2,763,388 $2,842,902 $1,185,235 5 Transfers In - Revenue Requirements 3,997,194 3,576,087 3,617,928 3,706,391 3,812,164 3,920,153 6 Transfers In - Debt Proceeds 0 0 0 0 0 0 7 Transfers In - Sale of Surplus 5,000 0 0 0 0 0 8 Transfers In - Public Works and Transfer Stations 0 0 0 0 0 0 9 Transfers In - Operating Transfer 0 0 0 0 0 0 10 Transfers In - Debt Service Reserve 0 0 0 0 0 0 11 Transfers Out - Revenue Requirements 3,644,906 3,352,358 3,456,210 3,626,877 5,469,831 3,930,267 12 Transfers Out - Capital Improvements 0 0 0 0 0 0 13 Transfers Out - R&R Fund 0 0 0 0 0 0 14 Transfers Out - Public Works and Transfer Stations 0 0 0 0 0 0 15 Transfers Out - Operating Transfer 0 0 0 0 0 0 16 Interest Rate 0.10%0.10%0.10%0.10%0.10%0.10% 17 Interest Income (U)$2,199 $2,490 $2,683 $2,803 $2,014 $1,180 Recognition of Interest Income 18 in Revenue Requirements $2,199 $2,490 $2,683 $2,803 $2,014 $1,180 19 Ending Balance (U)$2,377,942 $2,601,670 $2,763,388 $2,842,902 $1,185,235 $1,175,120 20 Target Days of Available Cash: 60 Days of Rate Revenue 657,073 587,850 594,728 609,270 626,657 644,409 21 Calculated Days of Available Cash (Revenue)217 266 279 280 113 109 Charter Reserve Fund 22 Beginning Balance $375,609 $555,233 $555,788 $556,344 $556,900 $557,457 23 Transfers In - Annual Operations 179,623 0 0 0 0 0 24 Transfers Out - CIP 0 0 0 0 0 0 25 Transfers Out 0 0 0 0 0 0 26 Interest Rate 0.00%0.10%0.10%0.10%0.10%0.10% 27 Interest Income (R)$0 $555 $556 $556 $557 $557 Recognition of Interest Income 28 in Revenue Requirements $0 $0 $0 $0 $0 $0 29 Ending Balance (R)$555,233 $555,788 $556,344 $556,900 $557,457 $558,014 Debt Service Sinking Fund 30 Annual Debt Service Payment $36,826 $158,002 $157,446 $215,749 $215,103 $276,772 31 Average Balance (R)9,207 39,501 39,362 53,937 53,776 69,193 32 Interest Rate 0.10%0.10%0.10%0.10%0.10%0.10% 33 Interest Income (U)$9 $40 $39 $54 $54 $69 Recognition of Interest Income 34 in Revenue Requirements $9 $40 $39 $54 $54 $69 Interest Income: 35 Unrestricted Interest Income (U)$2,209 $2,529 $2,722 $2,857 $2,068 $1,249 36 Restricted Interest Income (R)0 555 556 556 557 557 37 Total Interest Income $2,209 $3,085 $3,278 $3,413 $2,625 $1,807 Page 1 of 2 Table 2-10 City of Edgewater, Florida Solid Waste Utility Rate Study Projected Solid Waste System Revenue Requirements Line Projected Fiscal Year Ending September 30, No.Description 2020 2021 2022 2023 2024 2025 Operating Expenses [1] 1 Total Operating Expenses $2,899,079 $2,956,171 $3,058,302 $3,164,532 $3,275,103 $3,390,279 Debt Service Payments: [2] 2 Additional Junior Lien Debt 1 $36,826 $158,002 $157,446 $157,854 $157,208 $157,526 3 Additional Junior Lien Debt 2 0 0 0 57,895 57,895 57,895 4 Additional Junior Lien Debt 3 0 0 0 0 0 61,351 5 Additional Junior Lien Debt 4 0 0 0 0 0 0 6 Total Proposed Debt Service Payments $36,826 $158,002 $157,446 $215,749 $215,103 $276,772 7 Total Debt Service Payments $36,826 $158,002 $157,446 $215,749 $215,103 $276,772 Other Revenue Requirements: 8 Transfers to General Fund - PILOFF [4]$211,291 $210,989 $213,458 $218,677 $224,918 $231,289 9 Transfer to Charter Reserve Fund [5]179,623 0 0 0 0 0 10 Other Capital Funded from Rates [6]321,619 31,050 31,050 32,100 1,758,100 34,500 11 Transfer to Operating Reserves 0 0 0 0 0 0 12 Total Other Revenue Requirements $712,533 $242,039 $244,508 $250,777 $1,983,018 $265,789 13 Gross Revenue Requirements $3,648,439 $3,356,212 $3,460,256 $3,631,058 $5,473,223 $3,932,840 Less Income and Funds from Other Sources: 14 Other Operating Revenue $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 15 Extra Can Revenue 324 324 324 324 324 324 16 Interest Income [7]2,209 2,529 2,722 2,857 2,068 1,249 17 Transfer from Operating Reserves 0 0 0 0 0 0 18 Total Other Revenues $3,533 $3,853 $4,046 $4,181 $3,392 $2,573 19 Net Revenue Requirements $3,644,906 $3,352,358 $3,456,210 $3,626,877 $5,469,831 $3,930,267 Revenue from Solid Waste Rates: 20 Collection Revenue $3,506,108 $3,576,798 $3,605,331 $3,633,863 $3,662,396 $3,690,928 21 Prior Year Rate Adjustments 0 0 (522,773)(526,910)(484,077)(423,787) 22 Collection Revenue Before Current Year Adjustments $3,506,108 $3,576,798 $3,082,558 $3,106,953 $3,178,318 $3,267,141 23 Recycling Revenue $491,086 $517,924 $521,803 $525,682 $529,561 $533,440 24 Prior Year Rate Adjustments 0 0 0 13,668 27,352 41,016 25 Recycling Revenue Before Current Year Adjustments $491,086 $517,924 $521,803 $539,350 $556,913 $574,456 26 Total Rate Revenue Before Current Year Adjustment $3,997,194 $4,094,723 $3,604,361 $3,646,303 $3,735,231 $3,841,597 27 Revenue Surplus / (Deficiency)352,287 742,364 148,151 19,426 (1,734,600)(88,670) 28 Percent of Current Year Rate Revenue 8.81%18.13%4.11%0.53%-46.44%-2.31% Page 2 of 2 Table 2-10 City of Edgewater, Florida Solid Waste Utility Rate Study Projected Solid Waste System Revenue Requirements Line Projected Fiscal Year Ending September 30, No.Description 2020 2021 2022 2023 2024 2025 Current Year Rate Adjustments - Collection 29 Current Year Rate Adjustment 0.00%-14.50%0.00%1.50%2.00%2.00% 30 Effective Month Oct.Oct.Oct.Oct.Oct.Oct. 31 % of Current Year Effective 100.00%100.00%100.00%100.00%100.00%100.00% 32 Total Revenue from Current Year Adjustments $0 ($518,636)$0 $46,604 $63,566 $65,343 Current Year Rate Adjustments - Recycling 33 Current Year Rate Adjustment 0.00%0.00%2.60%2.50%2.40%2.30% 34 Effective Month Oct.Oct.Oct.Oct.Oct.Oct. 35 % of Current Year Effective 100.00%100.00%100.00%100.00%100.00%100.00% 36 Total Revenue from Current Year Adjustments $0 $0 $13,567 $13,484 $13,366 $13,212 37 Collection Revenue After Rate Adjustments $3,506,108 $3,058,163 $3,082,558 $3,153,557 $3,241,885 $3,332,484 38 Recycling Revenue After Rate Adjustments 491,086 517,924 535,370 552,834 570,279 587,669 39 Total Revenue After Rate Adjustments $3,997,194 $3,576,087 $3,617,928 $3,706,391 $3,812,164 $3,920,153 40 Revenue Surplus/(Deficiency) [8]$352,287 $223,728 $161,718 $79,514 ($1,657,667)($10,114) 41 Percent of Rate Revenues 8.81%6.26%4.49%2.15%-43.64%-0.26% Footnotes: [1]Amounts derived from the City's Fiscal Year 2020 Budget and are escalated as shown on Table 2-4. [2]Payment amounts shown were based on debt service schedules provided by City Staff. [3]The proposed debt is based upon the funding of the capital improvement program. Initial payments shown may indicate a partial year's payment of debt service due to the timing of the instrument. The following indicated the estimated terms and conditions of the proposed debt. Additional Subordinate Lien Debt 1 Principal (Includes Project Costs and Costs of Issuance)$922,000 Issue Date 7/1/2020 Interest Rate 1.80% Term (Years)6 Annual Average Debt Service $163,492 Additional Subordinate Lien Debt 2 Principal (Includes Project Costs and Costs of Issuance)$335,000 Issue Date $44,835 Interest Rate 5.00% Term (Years)7 Annual Average Debt Service $57,895 Additional Subordinate Lien Debt 3 Principal (Includes Project Costs and Costs of Issuance)$355,000 Issue Date 10/1/2024 Interest Rate 5.00% Term (Years)7 Annual Average Debt Service $61,351 [4]Amount shown is a transfer to the City's General Fund and is based on 5.9% of the previous Fiscal Year's revenues. [5]Amounts are transfers to a Charter Reserve Fund and are targeted to be 15% of gross revenue requirements after a 5-year build up period which started in 2018. [6]Amounts based on the proposed capital funding plan as shown in Table 2-6. [7]Interest income is estimated on earnings on projected fund balances from unrestricted reserves. [8]The forecast assumes that any deficiencies will be funded from available operating reserves. Page 1 of 3 Table 2-11 City of Edgewater, Florida Solid Waste Utility Rate Study Projection of Debt Service Coverage Compliance Line Fiscal Year Ending September 30, No.Description 2020 2021 2022 2023 2024 2025 Gross Revenues: Rate Revenues: 1 Revenues from Existing Rates [1]$3,997,194 $4,094,723 $4,127,134 $4,159,545 $4,191,957 $4,224,368 2 Revenue from Rate Adjustments [2]0 (518,636)(509,206)(453,154)(379,793)(304,216) 3 Total Rate Revenue $3,997,194 $3,576,087 $3,617,928 $3,706,391 $3,812,164 $3,920,153 Revenues from Other Sources 4 Other Operating Revenue $1,324 $1,324 $1,324 $1,324 $1,324 $1,324 5 Interest Income [3]2,209 2,529 2,722 2,857 2,068 1,249 6 Total Revenues from Other Sources $3,533 $3,853 $4,046 $4,181 $3,392 $2,573 7 Total Gross Revenues $4,000,726 $3,579,940 $3,621,974 $3,710,572 $3,815,555 $3,922,726 Operating Expenses: 8 Total Operating Expenses $2,899,079 $2,956,171 $3,058,302 $3,164,532 $3,275,103 $3,390,279 9 Net Revenues $1,101,647 $623,769 $563,672 $546,040 $540,453 $532,446 Annual Debt Service Requirements Senior Lien Bond Service Requirements 10 Additional Senior Lien Debt 1 $0 $0 $0 $0 $0 $0 11 Additional Senior Lien Debt 2 0 0 0 0 0 0 12 Additional Senior Lien Debt 3 0 0 0 0 0 0 13 Additional Senior Lien Debt 4 0 0 0 0 0 0 14 Total Senior Lien Debt Service Requirements $0 $0 $0 $0 $0 $0 Subordinate Lien Debt Service Requirement 15 Additional Junior Lien Debt 1 $36,826 $158,002 $157,446 $157,854 $157,208 $157,526 16 Additional Junior Lien Debt 2 0 0 0 57,895 57,895 57,895 17 Additional Junior Lien Debt 3 0 0 0 0 0 61,351 18 Additional Junior Lien Debt 4 0 0 0 0 0 0 19 Total Subordinate Lien Debt Service Requirement $36,826 $158,002 $157,446 $215,749 $215,103 $276,772 Secondary Subordinate Lien Debt Service Requirement 20 Capital Improvement Revenue Note, Series 2015 [4]$0 $0 $0 $0 $0 $0 21 Total Secondary Subordinate Lien Debt Service Requirement $0 $0 $0 $0 $0 $0 22 Total Annual Debt Service Requirements $36,826 $158,002 $157,446 $215,749 $215,103 $276,772 All-In Debt Service Coverage Test: 23 Net Revenues $1,101,647 $623,769 $563,672 $546,040 $540,453 $532,446 24 Total Debt Service Payments $36,826 $158,002 $157,446 $215,749 $215,103 $276,772 25 Calculated Coverage Ratio 2,991.47%394.79%358.01%253.09%251.25%192.38% 26 Target Coverage Ratio 150.00%150.00%150.00%150.00%150.00%150.00% Senior Lien Test 27 Net Revenues $1,101,647 $623,769 $563,672 $546,040 $540,453 $532,446 28 Total Senior Lien Debt Service Payments $0 $0 $0 $0 $0 $0 29 Calculated Ratio 0.00%0.00%0.00%0.00%0.00%0.00% 30 Minimum Required Coverage Ratio 115.00%115.00%115.00%115.00%115.00%115.00% Page 2 of 3 Table 2-11 City of Edgewater, Florida Solid Waste Utility Rate Study Projection of Debt Service Coverage Compliance Line Fiscal Year Ending September 30, No.Description 2020 2021 2022 2023 2024 2025 Subordinate Lien Test 31 Net Revenues $1,101,647 $623,769 $563,672 $546,040 $540,453 $532,446 32 Total Subordinate Lien Debt Service Payments $36,826 $158,002 $157,446 $215,749 $215,103 $276,772 33 Calculated Ratio 2991.47%394.79%358.01%253.09%251.25%192.38% 34 Minimum Required Coverage Ratio 115.00%115.00%115.00%115.00%115.00%115.00% Less Other Required and Recognized Transfers: 35 Capital Funded from Rates $321,619 $31,050 $31,050 $32,100 $1,758,100 $34,500 36 Charter Reserve Fund Transfer 179,623 0 0 0 0 0 37 Transfers to General Fund - PILOFF [4]211,291 210,989 213,458 218,677 224,918 231,289 38 Transfer to Public Works and Transfer Stations 0 0 0 0 0 0 39 Net Transfer to Operating Reserves 0 0 0 0 0 0 40 Total Other Required and Recognized Transfers $712,533 $242,039 $244,508 $250,777 $1,983,018 $265,789 41 Net Amount Available for Other Utility System Purposes $352,287 $223,728 $161,718 $79,514 ($1,657,667)($10,114) Footnotes begin on following page. Page 3 of 3 Table 2-11 City of Edgewater, Florida Solid Waste Utility Rate Study Projection of Debt Service Coverage Compliance Footnotes: [1]Projected revenue from rates reflects existing rates effective October 1, 2019. [2]Revenue from solid waster rate adjustments reflect the following projected rate increases effective October 1st of each year. Fiscal Year 2020 2021 2022 2023 2024 2025 Rate Adjustment 0.00%-14.50%0.00%1.50%2.00%2.00% [3]Amounts shown only reflect earnings from funds and accounts established by the City that are considered unrestricted (earnings not required to be retained in such funds and accounts and are available as a component of Net Revenues) [4]Amounts shown represent a transfer to the City's General fund for Payment in Lieu of Franchise Fees (PILOFF), which is a transfer made based on 5.90% of the previous year's rate revenue. The PILOFF transfer is allocated to the Collection department and the Recycling departments with allocation percentages of 95.89% and 4.11 % respectively. Page 1 of 1 Table 2-12 City of Edgewater, Florida Solid Waste Utility Rate Study Comparison of Monthly Residential Solid Waste Bills [1] Residential Collection & Disposal Line Annual Monthly Garbage Recycling Yard Waste Non-Ad Valorem No.Description Charges Charges Collection Collection Collection Assessment City of Edgewater: 1 Current Rates $400.20 $33.35 2 x week 1 x week 1 x week No 2 Proposed Rates 349.68 29.14 2 x week 1 x week 1 x week No Other Solid Waste Systems: 3 City of Daytona Beach $288.72 $24.06 2 x week 1 x week 1 x week No 4 City of DeLand 146.76 12.23 1 x week 1 x week 1 x week No 5 City of Deltona 202.80 16.90 1 x week 0 x week 1 x week Yes 6 City of Eustis 188.76 15.73 1 x week 1 x week 1 x week No 7 City of Holly Hill 276.12 23.01 2 x week 1 x week 1 x week No 8 City of Orange City 167.52 13.96 2 x week 1 x week 1 x week Yes 9 City of Ormond Beach 241.68 20.14 2 x week 1 x week 1 x week No 10 Town of Ponce Inlet 360.00 30.00 2 x week 1 x week 1 x week No 11 City of Port Orange 224.04 18.67 2 x week 1 x week 1 x week No 12 City of Sanford 230.40 19.20 2 x week 1 x week 1 x week No 13 Seminole County [2]235.00 19.58 2 x week 1 x week 1 x week Yes 14 City of South Daytona 225.72 18.81 2 x week 1 x week 1 x week No 15 Volusia County 255.00 21.25 2 x week 1 x week 1 x week Yes 16 Other Utilities' Average $234.04 $19.50 Footnotes: [1]Unless otherwise noted, amounts shown reflect rates in effect May 2020 and are exclusive of taxes or franchise fees, if any. All rates are as reported by the respective utility. This comparison is intended to show comparable charges for similar service for comparison purposes only and is not intended to be a complete listing of all rates and charges offered by each listed utility. [2]Residential property owners are offered a choice of collection options with different frequencies of collection and rates. The rate shown is based on a collection frequency of two times per week for garbage and one time per week for recycling and yard waste. DRAFT 1 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)3-1 SECTION 3 –STORMWATER SYSTEM Customer Growth and Revenues Projected revenues from rates for the stormwater system were based on the existing rate effective October 1, 2019. In order to calculate projected revenues from rates for the Forecast Period, the existing fiscal year 2020 rates were applied to the projected billing statistics. Based on discussions with City Staff, the growth projections included in this analysis recognize an average growth in customers of approximately 0.78%, or 80 accounts, per year throughout the Forecast Period as shown in Table 3-1.Based on these assumptions, system revenues at existing rates are estimated to increase from approximately $2.1 million to $2.2 million per year over the Forecast Period. Other miscellaneous operating revenues, located on Tables 3-2 and 3-3, are projected, on average, to be approximately $8,400 per year and interest earnings on unrestricted fund balances are estimated to average approximately $1,900 per year. Operating and Maintenance Expenses The Fiscal Year 2020 operating budget served as the basis for the operating expense projections for the remainder of the Forecast Period. Adjustments were made to the Fiscal Year 2020 operating budgets to exclude depreciation, principal and interest payments on debt, capital expenditures, and additions to reserves, which were accounted for separately in our analysis; or in the case of depreciation, excluded as a non-cash expense. These adjustments resulted in the Fiscal Year 2020 operating budget of $2.2 million being adjusted down to approximately $1.3 million in operating expenses, as shown in Table 3-4. A contingency allowance of five percent (5.0%) of operation and maintenance expenses was recognized for unanticipated expenditures in each fiscal year. Additionally, a bad debt allowance of 0.25% of rate revenues was recognized in each fiscal year. The aforementioned allowances represent averages of approximately $69,700 and $5,400 annually, respectively.Operation and maintenance expenses are projected to increase by an annual average of approximately 4.12% per year from Fiscal Year 2020 operating budget levels and are shown in detail on Table 3-5. The overall increase over the Forecast Period in projected operating expenses was based upon assumptions corresponding to several escalation factors and the nature of the expense as shown on Table 3-6.A few of the major factors are shown below: 1.Labor –4.0% in Fiscal Year 2021 and 3.0% in Fiscal Years 2022 through 2025 2.Health Insurance –10.0% per year 3.Consumer Price Index (CPI)–Average of 2.5% per year 4.Electricity, Benefits and General Insurance –5.0% per year Capital Improvement Plan The CIP utilized in this analysis was based on the Fiscal Year 2020 –2025 CIP, as provided by City.The City's project cost estimates were based on current year dollars and therefore these amounts were escalated to account for cost inflation over the Forecast Period.The current plan is projected to fund $10.0 million capital projects.The System's share of the Public Works Facility is anticipated to be funded from existing reserves and the financial forecast assumes that the other stormwater projects in the CIP will be fully funded through a combination of rate revenues, proposed debt, and grant funding as shown on Table 3-7. DRAFT 1 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)3-2 Existing and Proposed Debt Based on the debt service schedules for the outstanding revenue notes and proposed capital leases the annual debt service payments to be funded from rates is approximately $58,000 per year, increasing to $137,000 in 2021 and then decreasing to $78,000 the last year of the Forecast Period.Capital lease payments for the Menzi Tractor are projected to begin in Fiscal Year 2021 and will be approximately $78,000 per year.Existing and proposed debt service payments are summarized on Table 3-8 found at the end of this report. Transfers The City transfers 5.9% of the prior year's stormwater gross revenues to the General Fund in the form of a PILOFF.This amount is funded each year of the Forecast Period and averages approximately $1 40,000 annually, as shown in Table 3-9. Cash Balances As previously mentioned in Section 1 of this report, in Fiscal Year 2011 the City adopted Resolution No.2011-R-20, which established a fund balance policy applying to all General Fund balances (the "Charter Reserve"). Subsequently in Fiscal Year 2016 the City adopted Resolution No.2016-R-40,which extended the fund balance policy to all operating funds including the water, wastewater, stormwater and solid waste enterprise funds.Part of the adopted fund balance policy establishes a reserve balance target equal to 15% of the current fiscal year operating expenditures, with a maximum of 25%. If the reserve balance amount falls below targeted levels the City must begin a plan to achieve the minimum balance of 15%within five (5) years.The City currently has enough available cash on hand in the fund to fully fund the required Charter Reserve so no major deposits are included during the Forecast Period (as shown on Table 3-9).Additionally, the City targets an Operating Fund cash balance between 90 to 120 days of rate revenue for the stormwater system. By the end of the Forecast Period the Cit y is projected to have $0.7 million in the operating fund,as shown in Table 3-10,which meets the City's internal policy requirement. (Remainder of page intentionally left blank) DRAFT 1 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)3-3 Conclusions and Recommendations Based on the updated projected operating expenditure needs of the stormwater system and the revised projected funding plan for the CIP, it is estimated that previously adopted rate increases will over recover and can be delayed and reduced.The previously adopted 9.09%rate increase for 2021 can be eliminated and remaining increases can be delayed, as shown in Tables 3-11 through 3-13. The projected operating results set forth herein assume the adoption of the newly proposed rate adjustments.Below is a summary of the proposed rate adjustments, along with certain projected financial operating results. Summary of Projected Rate Adjustments and Key Operating Results Fiscal Year Ending September 30, Description 2020 2021 2022 2023 2024 2025 Previously Recommended Rate Adjustments 9.09%8.33%7.69%7.14%6.67%N/A Proposed Stormwater Rate Adjustments N/A [*]0.00%8.33%7.69%7.14%1.67% System Revenue Surplus/(Deficiency)$324,475 ($152,633)($142,366)$60,682 ($1,130,900)($13,585) Operating Fund (Ending Balance)$2,069,227 $1,916,594 $1,774,228 $1,834,910 $704,010 $690,425 Days of Cash (Target of 90-120 Days of Rate Revenue)360 331 281 268 95 91 Charter Reserve Fund (Ending Balance)$277,506 $277,798 $278,091 $278,384 $278,677 $278,970 Senior Lien Debt Service Coverage (Test 1.00)N/A N/A N/A N/A N/A N/A Subordinate Lien Debt Service Coverage (Test 1.15)14.66 5.62 7.06 8.15 9.86 15.02 All-In Debt Service Coverage (Target 1.50)14.66 5.62 7.06 8.15 9.86 15.02 __________ [*]Rates were adjusted at the beginning of Fiscal Year 2020 by 9.09%. (Remainder of page intentionally left blank) DRAFT 1 K:\DC\1088-06\Rpt\Draft 1\Util Rate Study Rpt (Draft 1)3-4 As shown below and on Table 3-13, bills under the proposed Fiscal Year 2021 stormwater rates are above average when compared to the surveyed, neighboring utilities'average. (Remainder of page intentionally left blank) Page 1 of 1 Table 3-1 City of Edgewater, Florida Stormwater Utility Rate Study Summary of Historical and Projected Stormwater Accounts Line Historical [1]Fiscal Year Ending September 30 No Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Residential Class 1 Account Growth N/A 0 64 (6)(6)45 75 75 75 75 75 75 2 Average Monthly Accounts 9,426 9,426 9,490 9,484 9,478 9,523 9,598 9,673 9,748 9,823 9,898 9,973 3 Average Equivalent Dwelling Units 9,426 9,426 9,490 9,484 9,478 9,523 9,598 9,673 9,748 9,823 9,898 9,973 4 Equivalent Dwelling Units (EDUs) Per Account 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Commercial and Non-Residential Residential Multi-Family 5 Account Growth N/A 0 0 0 1 0 0 0 0 0 0 0 6 Average Monthly Accounts 50 50 50 50 51 51 51 51 51 51 51 51 7 Average Equivalent Dwelling Units 606 606 606 611 1,372 1,427 1,427 1,427 1,427 1,427 1,427 1,427 8 Equivalent Dwelling Units (EDUs) Per Account 12.12 12.12 12.12 12.22 26.90 27.98 27.98 27.98 27.98 27.98 27.98 27.98 Commercial (Without Site Mitigation) 9 Account Growth N/A 0 1 14 (1)5 5 5 5 5 5 5 10 Average Monthly Accounts 249 249 250 265 264 269 274 279 284 289 294 299 11 Average Equivalent Dwelling Units 1,576 1,576 1,583 1,674 1,670 1,691 1,722 1,754 1,785 1,817 1,848 1,880 12 Equivalent Dwelling Units (EDUs) Per Account 6.33 6.33 6.33 6.33 6.33 6.29 6.29 6.29 6.29 6.29 6.29 6.29 Commercial (With Site Mitigation) 13 Account Growth N/A 0 1 11 (0)5 0 0 0 0 0 0 14 Average Monthly Accounts 185 185 186 196 196 201 201 201 201 201 201 201 15 Average Equivalent Dwelling Units 3,660 3,660 3,677 3,887 3,879 3,967 3,967 3,967 3,967 3,967 3,967 3,967 16 Equivalent Dwelling Units (EDUs) Per Account 19.79 19.79 19.79 19.79 19.79 19.74 19.74 19.74 19.74 19.74 19.74 19.74 17 Total Multi Family and Commercial EDUs 5,841 5,841 5,865 6,172 6,921 7,085 7,116 7,148 7,179 7,211 7,242 7,274 Summary: 18 Account Growth N/A 0 66 19 (6)55 80 80 80 80 80 80 19 Total Accounts 9,910 9,910 9,976 9,995 9,989 10,044 10,124 10,204 10,284 10,364 10,444 10,524 20 Total Equivalent Dwelling Units 15,267 15,267 15,355 15,656 16,399 16,608 16,714 16,821 16,927 17,034 17,140 17,247 21 Equivalent Dwelling Units (EDUs) Per Account 1.54 1.54 1.54 1.57 1.64 1.65 1.65 1.65 1.65 1.64 1.64 1.64 Footnotes [1]Based on customer statistics provided by staff. Page 1 of 1 Table 3-2 City of Edgewater, Florida Stormwater Utility Rate Study Summary of Projected Stormwater Rate Revenues Under Existing Rates Historical Fiscal Year Ending September 30 2019 2020 2021 2022 2023 2024 2025 Line No.Description Rate Total Annual Determinants Calculated Revenue Rate Total Annual Determinants Calculated Revenue Rate Total Annual Determinants Calculated Revenue Rate Total Annual Determinants Calculated Revenue Rate Total Annual Determinants Calculated Revenue Rate Total Annual Determinants Calculated Revenue Rate Total Annual Determinants Calculated Revenue Residential Stormwater Service 1 Base Fee $5.98 114,276 $683,370 $6.52 115,176 $750,948 $6.52 116,076 $756,816 $6.52 116,976 $762,684 $6.52 117,876 $768,552 $6.52 118,776 $774,420 $6.52 119,676 $780,288 2 Total Base Fee Revenue $683,370 $750,948 $756,816 $762,684 $768,552 $774,420 $780,288 3 Assessment Fee $5.02 114,276 $573,666 $5.48 115,176 $631,164 $5.48 116,076 $636,096 $5.48 116,976 $641,028 $5.48 117,876 $645,960 $5.48 118,776 $650,892 $5.48 119,676 $655,824 4 Total Assessment Fee Revenue $573,666 $631,164 $636,096 $641,028 $645,960 $650,892 $655,824 5 Total Residential Revenue $1,257,036 $1,382,112 $1,392,912 $1,403,712 $1,414,512 $1,425,312 $1,436,112 Residential Multi-Family Stormwater Service 6 Base Fee $5.98 17,124 $102,402 $6.52 17,124 $111,648 $6.52 17,124 $111,648 $6.52 17,124 $111,648 $6.52 17,124 $111,648 $6.52 17,124 $111,648 $6.52 17,124 $111,648 7 Total Base Fee Revenue $102,402 $111,648 $111,648 $111,648 $111,648 $111,648 $111,648 8 Assessment Fee $5.02 17,124 $85,962 $5.48 17,124 $93,840 $5.48 17,124 $93,840 $5.48 17,124 $93,840 $5.48 17,124 $93,840 $5.48 17,124 $93,840 $5.48 17,124 $93,840 9 Total Assessment Fee Revenue $85,962 $93,840 $93,840 $93,840 $93,840 $93,840 $93,840 10 Total Residential Multi Family Revenue $188,364 $205,488 $205,488 $205,488 $205,488 $205,488 $205,488 Commercial Stormwater Service 11 Base Fee $11.00 20,292 $223,212 $12.00 20,669 $248,030 $12.00 21,046 $252,556 $12.00 21,424 $257,082 $12.00 21,801 $261,608 $12.00 22,178 $266,134 $12.00 22,555 $270,661 12 Total Base Fee Revenue $223,212 $248,030 $252,556 $257,082 $261,608 $266,134 $270,661 Non-Residential Stormwater Service 13 Base Fee $5.02 47,604 $238,972 $5.48 47,604 $260,870 $5.48 47,604 $260,870 $5.48 47,604 $260,870 $5.48 47,604 $260,870 $5.48 47,604 $260,870 $5.48 47,604 $260,870 14 Total Base Fee Revenue $238,972 $260,870 $260,870 $260,870 $260,870 $260,870 $260,870 15 Total Commercial / Non-Residential Service $462,184 $508,900 $513,426 $517,952 $522,478 $527,004 $531,530 16 Subtotal Stormwater Rate Revenue $1,907,584 $2,096,500 $2,111,826 $2,127,152 $2,142,478 $2,157,804 $2,173,130 17 Revenue Adjustments = 0.00%$0 $0 $0 $0 $0 $0 $0 18 Total Stormwater Rate Revenue $1,907,584 $2,096,500 $2,111,826 $2,127,152 $2,142,478 $2,157,804 $2,173,130 19 Stormwater Base Fee $1,247,956 $1,371,496 $1,381,890 $1,392,284 $1,402,678 $1,413,072 $1,423,466 20 Stormwater Assessment Fee 659,628 725,004 729,936 734,868 739,800 744,732 749,664 21 Total $1,907,584 $2,096,500 $2,111,826 $2,127,152 $2,142,478 $2,157,804 $2,173,130 Page 1 of 1 Table 3-3 City of Edgewater, Florida Stormwater Utility Rate Study Projection of Other Operating Revenues Line Fiscal Year Ended September 30th,Budgeted Adjusted Escalation Projected Fiscal Year Ending September 30th, No.Code Description 2015 2016 2017 2018 2019 FY 2020 Adjustments 2020 Reference 2021 2022 2023 2024 2025 Stormwater System 1 448-0000-322.50-10 Culvert - Driveway $10,650 $7,950 $7,175 $7,575 $5,075 $8,000 $0 $8,000 Constant $8,000 $8,000 $8,000 $8,000 $8,000 2 448-0000-331.50-00 FEMA Reimbursement 0 0 0 0 0 0 0 0 Eliminate 0 0 0 0 0 3 448-0000-331.50-02 Hurricane Irma 2017 0 0 0 0 1,317 0 0 0 Eliminate 0 0 0 0 0 4 448-0000-334.50-02 Hurricane Irma 2017 0 0 0 0 73 0 0 0 Eliminate 0 0 0 0 0 5 448-0000-343.66-10 Stormwater 1,302,571 1,458,545 1,472,552 1,713,050 1,892,110 1,865,138 (1,865,138)0 Eliminate 0 0 0 0 0 6 448-0000-361.10-10 Interest 426 590 1,205 1,632 8,995 7,000 (7,000)0 Eliminate 0 0 0 0 0 7 448-0000-361.10-12 Internal Loan 0 0 0 5,138 0 0 0 0 Eliminate 0 0 0 0 0 8 448-0000-365.10-00 Sales / Surplus 2,538 3,938 40,460 0 0 3,000 (3,000)0 Eliminate 0 0 0 0 0 9 448-0000-369.90-10 Miscellaneous Revenue 1,982 (169)0 245 205 400 0 400 Constant 400 400 400 400 400 10 448-0000-369.90-20 Retirement Forfeitures (7)0 10,681 5,904 2,799 0 0 0 Constant 0 0 0 0 0 11 448-0000-389.90-12 Unreserved Proprietary 0 0 0 0 0 276,244 (276,244)0 Eliminate 0 0 0 0 0 12 Total Other Operating Revenue $1,318,160 $1,470,854 $1,532,073 $1,733,544 $1,910,574 $2,159,782 ($2,151,382)$8,400 $8,400 $8,400 $8,400 $8,400 $8,400 Page 1 of 2 Table 3-4 City of Edgewater, Florida Stormwater Utility Rate Study Fiscal Year 2020 Operating Budget [1] Line Budget Adjusted No.Cost ID Code Description 2020 Adjustments 2020 Operations Environmental Services 1 448-4070-538.12-10 Regular Salaries and Wages $465,795 $0 $465,795 2 AddPer Additional Personnel 0 0 0 3 448-4070-538.14-10 Overtime 9,339 0 9,339 4 448-4070-538.15-30 Cell Phone 890 0 890 5 448-4070-538.15-60 Boot Allowance 1,500 0 1,500 6 448-4070-538.21-10 FICA Taxes 26,884 0 26,884 7 448-4070-538.21-20 Medicare 6,288 0 6,288 8 448-4070-538.22-10 Retirement Contributions 0 0 0 9 448-4070-538.22-20 DCSE 54,473 0 54,473 10 448-4070-538.23-10 Life Insurance 2,070 0 2,070 11 448-4070-538.23-20 Group Medical Insurance 154,090 0 154,090 12 448-4070-538.23-21 HSA Employer Contribution 2,600 0 2,600 13 448-4070-538.23-22 HRA Employer Contribution 2,000 0 2,000 14 448-4070-538.23-30 Dental Insurance 3,474 0 3,474 15 448-4070-538.23-40 Long Term Disability 3,744 0 3,744 16 448-4070-538.23-60 Broker & Admin. Fees 3,435 0 3,435 17 448-4070-538.23-90 OPEB 0 13,919 13,919 18 448-4070-538.24-10 Worker's Compensation 14,805 0 14,805 19 448-4070-538.34-10 Other Contractual Services 10,600 0 10,600 20 448-4070-538.40-10 Travel & Per Diem 805 0 805 21 448-4070-538.41-10 Legal Ads 0 0 0 22 448-4070-538.41-40 Postage 12,000 0 12,000 23 448-4070-538.43-10 Electric 1,751 0 1,751 24 448-4070-538.44-10 Rent 1,100 0 1,100 25 448-4070-538.46-10 Repair and Maintenance 46,500 0 46,500 26 448-4070-538.46-20 Fleet Charges 121,460 0 121,460 27 448-4070-538.47-10 Printing and Binding 100 0 100 28 448-4070-538.48-10 Promotional Activities 13,125 0 13,125 29 448-4070-538.49-01 Cost Allocation 109,223 0 109,223 30 448-4070-538.49-10 Other Charges/Obligations 10,800 0 10,800 31 448-4070-538.49-20 Bank Charges 0 0 0 32 448-4070-538.49-48 PILOFF - Stormwater [2]110,043 (110,043)0 33 448-4070-538.51-10 Office Supplies 500 0 500 34 448-4070-538.52-10 Operating Supplies 10,250 0 10,250 35 448-4070-538.52-20 Unleaded & Diesel 38,000 0 38,000 36 448-4070-538.52-30 Uniforms 2,800 0 2,800 37 448-4070-538.54-10 Books, Pubs, Subs, and Mem 0 0 0 38 448-4070-538.54-20 Educational Development 2,055 0 2,055 39 Total Environmental Services $1,242,499 ($96,124)$1,146,375 Non-Departmental Services 40 448-5555-580.22-10 Retirement Contributions $30,640 $0 $30,640 41 448-5555-580.23-80 PTO Expense 0 0 0 42 448-5555-580.31-10 Professional Services 3,253 0 3,253 43 448-5555-580.45-10 General Liability 2,583 0 2,583 44 448-5555-580.45-15 Property 5,196 0 5,196 45 448-5555-580.45-20 Public Officials 2,081 0 2,081 46 448-5555-580.45-25 Automobile 2,608 0 2,608 44 448-5555-580.71-40 Veh Lse 2016 Amer Cap Svc [3]7,569 (7,569)0 47 448-5555-580.49-50 Write Off 0 0 0 48 448-5555-580.49-60 Hurricane Expense 0 0 0 49 448-5555-580.59-10 Depreciation 0 0 0 50 448-5555-580.61-10 Land [3]0 0 0 51 448-5555-580.64-10 Machinery and Equipment [3]105,000 (105,000)0 Page 2 of 2 Table 3-4 City of Edgewater, Florida Stormwater Utility Rate Study Fiscal Year 2020 Operating Budget [1] Line Budget Adjusted No.Cost ID Code Description 2020 Adjustments 2020 52 448-5555-580.64-20 Motor Vehicles [3]42,000 (42,000)0 53 448-5555-580.71-28 BBT Cap Imp Rev Note 2014 [3]44,677 (44,677)0 54 448-5555-580.71-36 Menzi Lease 2015 [3]0 0 0 53 448-5555-580.72-40 Veh Lse 2016 Amer Cap Svc [3]471 (471)0 55 448-5555-580.72-28 BBT Cap Imp Rev Note 2014 [3]5,098 (5,098)0 56 448-5555-580.72-36 Menzi Lease 2015 [3]0 0 0 57 448-5555-580.73-42 BBT Cap Imp Rev Note SRS 2014 [3]0 0 0 58 Total Non-Departmental Services $251,176 ($204,815)$46,361 Other Adjustments 59 448-5555-581.04-44 Renewal & Replacement [3]$450,000 ($450,000)$0 60 448-5555-581.04-49 Stormwater Capital [3]0 0 0 61 448-5555-581.05-01 Public Works Complex - Capital Spending [3]210,000 (210,000)0 62 448-5555-581.04-50 MIS 0 0 0 63 448-5555-581.10-01 General Fund 0 0 0 64 448-5555-589.10-01 Current Year Unreserved [3]0 0 0 64 448-5555-589.50-50 Charter Reserve/Stabalization 6,107 (6,107)0 65 BadDebt Bad Debt Expense - 0.25% of Rate Revs. [4]0 5,241 5,241 66 Contingency Operating Contingency - 5.00% of O&M [5]0 59,637 59,637 67 Other Other Adjustment 0 0 0 68 Total Other Adjustments $666,107 ($601,229)$64,878 69 Total Stormwater Expenses $2,159,782 ($902,168)$1,257,614 Footnotes: [1]Budgeted amounts are based on Fiscal Year 2020 Adopted Operating Budget as provided by the City. [2]Budgeted amounts for the PILOFF are transferred to the General Fund and are therefore excluded from the Cost of Operation and Maintenance for coverage purposes. These items have been adjusted from budget and are accounted for in the summary of Revenue Requirements. [3]Amounts are adjusted from budget as shown herein since such capital outlay expenses and debt service payments are reflected in the Capital Improvements Plan or the Revenue Requirements part of the rate model. [4]An allowance for bad debt expense of 0.25% of rate was recognized to account for uncollectible revenues. [5]A contingency of 5.00% of O&M was added to allow for unforeseen contingencies. Page 1 of 1 Table 3-5 City of Edgewater, Florida Stormwater Utility Rate Study Projected Stormwater System Operating Expenses [1] Escalator Control Test Line Adjusted Adjusted Fiscal Year Ending September 30, No.Cost ID Code Description 2020 Escalation 2021 2022 2023 2024 2025 Operations Environmental Services Personnel Expenses 1 448-4070-538.12-10 Regular Salaries and Wages $465,795 Labor $484,427 $498,960 $513,928 $529,346 $545,227 2 AddPer Additional Personnel 0 Input 36,750 37,853 38,988 40,158 41,362 3 448-4070-538.14-10 Overtime 9,339 Labor 9,713 10,004 10,304 10,613 10,932 4 448-4070-538.15-30 Cell Phone 890 Inflation 912 936 959 982 1,005 5 448-4070-538.15-60 Boot Allowance 1,500 Inflation 1,538 1,577 1,617 1,656 1,694 6 448-4070-538.21-10 FICA Taxes 26,884 Labor 27,959 28,798 29,662 30,552 31,469 7 448-4070-538.21-20 Medicare 6,288 Labor 6,540 6,736 6,938 7,146 7,360 8 448-4070-538.22-10 Retirement Contributions 0 Labor 0 0 0 0 0 9 448-4070-538.22-20 DCSE 54,473 Labor 56,652 58,351 60,102 61,905 63,762 10 448-4070-538.23-10 Life Insurance 2,070 General-Ins 2,174 2,282 2,396 2,516 2,642 11 448-4070-538.23-20 Group Medical Insurance 154,090 Ins-Health 169,499 186,449 205,094 225,603 248,163 12 448-4070-538.23-21 HSA Employer Contribution 2,600 Ins-Health 2,860 3,146 3,461 3,807 4,187 13 448-4070-538.23-22 HRA Employer Contribution 2,000 Ins-Health 2,200 2,420 2,662 2,928 3,221 14 448-4070-538.23-30 Dental Insurance 3,474 Ins-Health 3,821 4,204 4,624 5,086 5,595 15 448-4070-538.23-40 Long Term Disability 3,744 Labor 3,894 4,011 4,131 4,255 4,382 16 448-4070-538.23-60 Broker & Admin. Fees 3,435 Labor 3,572 3,680 3,790 3,904 4,021 17 448-4070-538.23-90 OPEB 13,919 Labor 14,475 14,910 15,357 15,818 16,292 18 448-4070-538.24-10 Worker's Compensation 14,805 Labor 15,397 15,859 16,335 16,825 17,330 19 448-4070-538.34-10 Other Contractual Services 10,600 Contractual 11,024 11,465 11,924 12,401 12,897 20 448-4070-538.40-10 Travel & Per Diem 805 Inflation 825 847 868 889 909 21 448-4070-538.41-10 Legal Ads 0 Inflation 0 0 0 0 0 22 448-4070-538.41-40 Postage 12,000 Inflation 12,300 12,620 12,935 13,246 13,550 23 448-4070-538.43-10 Electric 1,751 Electricity 1,839 1,930 2,027 2,128 2,235 24 448-4070-538.44-10 Rent 1,100 Inflation 1,128 1,157 1,186 1,214 1,242 25 448-4070-538.46-10 Repair and Maintenance 46,500 Repair 47,895 49,332 50,812 52,336 53,906 26 448-4070-538.46-20 Fleet Charges 121,460 Repair 125,104 128,857 132,723 136,704 140,805 27 448-4070-538.47-10 Printing and Binding 100 Inflation 103 105 108 110 113 28 448-4070-538.48-10 Promotional Activities 13,125 Inflation 13,453 13,803 14,148 14,488 14,821 29 448-4070-538.49-01 Cost Allocation 109,223 Labor 113,592 117,000 120,510 124,125 127,849 30 448-4070-538.49-10 Other Charges/Obligations 10,800 Inflation 11,070 11,358 11,642 11,921 12,195 31 448-4070-538.49-20 Bank Charges 0 Inflation 0 0 0 0 0 32 448-4070-538.49-48 PILOFF - Stormwater [2]0 Eliminate 0 0 0 0 0 33 448-4070-538.51-10 Office Supplies 500 Inflation 513 526 539 552 565 34 448-4070-538.52-10 Operating Supplies 10,250 Inflation 10,506 10,779 11,049 11,314 11,574 35 448-4070-538.52-20 Unleaded & Diesel 38,000 Fuel 39,900 41,895 43,990 46,189 48,499 36 448-4070-538.52-30 Uniforms 2,800 Inflation 2,870 2,945 3,018 3,091 3,162 37 448-4070-538.54-10 Books, Pubs, Subs, and Mem 0 Inflation 0 0 0 0 0 38 448-4070-538.54-20 Educational Development 2,055 Inflation 2,106 2,161 2,215 2,268 2,321 39 Total Environmental Services $1,146,375 $1,236,609 $1,286,953 $1,340,040 $1,396,076 $1,455,286 Non-Departmental Services 40 448-5555-580.22-10 Retirement Contributions $30,640 Labor $31,866 $32,822 $33,806 $34,820 $35,865 41 448-5555-580.23-80 PTO Expense 0 Labor 0 0 0 0 0 42 448-5555-580.31-10 Professional Services 3,253 Contractual 3,383 3,518 3,659 3,806 3,958 43 448-5555-580.45-10 General Liability 2,583 General-Ins 2,712 2,848 2,990 3,140 3,297 44 448-5555-580.45-15 Property 5,196 General-Ins 5,456 5,729 6,015 6,316 6,632 45 448-5555-580.45-20 Public Officials 2,081 Inflation 2,133 2,188 2,243 2,297 2,350 46 448-5555-580.45-25 Automobile 2,608 General-Ins 2,738 2,875 3,019 3,170 3,329 44 448-5555-580.72-40 Veh Lse 2016 Amer Cap Svc 0 Eliminate 0 0 0 0 0 47 448-5555-580.49-50 Write Off 0 Inflation 0 0 0 0 0 48 448-5555-580.49-60 Hurricane Expense 0 Eliminate 0 0 0 0 0 49 448-5555-580.59-10 Depreciation 0 Eliminate 0 0 0 0 0 50 448-5555-580.61-10 Land [3]0 Eliminate 0 0 0 0 0 51 448-5555-580.64-10 Machinery and Equipment [3]0 Eliminate 0 0 0 0 0 52 448-5555-580.64-20 Motor Vehicles [3]0 Eliminate 0 0 0 0 0 53 448-5555-580.71-28 BBT Cap Imp Rev Note 2014 [3]0 Eliminate 0 0 0 0 0 51 448-5555-580.71-40 Veh Lse 2016 Amer Cap Svc 0 Eliminate 0 0 0 0 0 54 448-5555-580.72-28 BBT Cap Imp Rev Note 2014 [3]0 Eliminate 0 0 0 0 0 55 448-5555-580.73-42 BBT Cap Imp Rev Note SRS 2014 [3]0 Eliminate 0 0 0 0 0 56 Total Non-Departmental Services $46,361 $48,288 $49,980 $51,733 $53,548 $55,429 Other Adjustments 57 448-5555-581.04-44 Renewal & Replacement [3]$0 Eliminate $0 $0 $0 $0 $0 58 448-5555-581.04-49 Stormwater Capital [3]0 Eliminate 0 0 0 0 0 59 448-5555-581.05-01 Public Works Complex - Debt Service Payment [3]0 Eliminate 0 0 0 0 0 60 448-5555-581.04-50 MIS 0 Inflation 0 0 0 0 0 61 448-5555-581.10-01 General Fund 0 Eliminate 0 0 0 0 0 62 448-5555-589.10-01 Current Year Unreserved [3]0 Eliminate 0 0 0 0 0 448-5555-589.50-50 Charter Reserve/Stabalization 0 Eliminate 0 0 0 0 0 63 BadDebt Bad Debt Expense - 0.25% of Rate Revs. [4]5,241 Input 5,280 5,318 5,356 5,395 5,433 64 Contingency Operating Contingency - 5.00% of O&M [5]59,637 Input 64,245 66,847 69,589 72,481 75,536 65 Other Other Adjustment 0 Input 0 0 0 0 0 66 Total Other Adjustments $64,878 $69,524 $72,165 $74,945 $77,876 $80,969 67 Total Stormwater Expenses $1,257,614 $1,354,422 $1,409,098 $1,466,718 $1,527,500 $1,591,684 Footnotes [1]Amounts shown based on Table 3-4. [2]Budgeted amounts for the PILOFF are transferred to the General Fund and are therefore excluded from the Cost of Operation and Maintenance for coverage purposes. This item has been adjusted from budget and is accounted for in the summary of Revenue Requirements. [3]Amounts are adjusted from budget as shown herein since such capital outlay expenses and debt service payments are reflected in the Capital Improvements Plan or the Revenue Requirements part of the rate model. [4]A allowance for bad debt expense of 0.25% of rate was recognized to account for uncollectible revenues. [5]A contingency of 5.00% of O&M was added to allow for unforeseen contingencies. Page 1 of 1 Table 3-6 City of Edgewater, Florida Stormwater Utility Rate Study Summary of Projected Escalation Factors Line Fiscal Year Ending September 30, No.Description Escalation 2021 2022 2023 2024 2025 1 General Inflation (CPI) [1][2]Inflation 1.0250 1.0260 1.0250 1.0240 1.0230 2 Labor [2]Labor 1.0400 1.0300 1.0300 1.0300 1.0300 3 Benefits [2]Benefits 1.0500 1.0500 1.0500 1.0500 1.0500 4 Health Insurance [2]Ins-Health 1.1000 1.1000 1.1000 1.1000 1.1000 5 Contractual Services Contractual 1.0400 1.0400 1.0400 1.0400 1.0400 6 Professional Services Professional 1.0400 1.0400 1.0400 1.0400 1.0400 7 Utility Utility 1.0500 1.0500 1.0500 1.0500 1.0500 8 General Insurance [2]General-Ins 1.0500 1.0500 1.0500 1.0500 1.0500 9 Repair & Maintenance Repair 1.0300 1.0300 1.0300 1.0300 1.0300 10 Electricity Electricity 1.0500 1.0500 1.0500 1.0500 1.0500 11 Fuel Fuel 1.0500 1.0500 1.0500 1.0500 1.0500 12 Constant Constant 1.0000 1.0000 1.0000 1.0000 1.0000 13 Eliminate Eliminate 0.0000 0.0000 0.0000 0.0000 0.0000 14 Marginal Marginal 1.0100 1.0100 1.0100 1.0100 1.0100 15 Decline Decline 0.9500 0.9500 0.9500 0.9500 0.9500 16 Workers' Compensation WorkComp 1.0300 1.0300 1.0300 1.0300 1.0300 Footnotes: [1]Projected inflation figures are based on the "The Budget and Economic Outlook 2020 - 2030" published by the Congressional Budget Office in January 2020. [2]Based on discussions with City Staff. Page 1 of 1 Table 3-7 City of Edgewater, Florida Stormwater Utility Rate Study Capital Improvement Program Funding Plan Line Escalation Fiscal Year Ending September 30,6-Year No.Description Factor Funding 2020 2021 2022 2023 2024 2025 Total CIP Escalation Factor Alternatives 1 No Assumed Escalation (0.0% per Year)None 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 2 Capital Outlay (3.5% per Year)Outlay 1.0000 1.0350 1.0700 1.1100 1.1500 1.1900 3 ENR Index Average (3.0% per Year)ENR 1.0000 1.0300 1.0600 1.0900 1.1200 1.1500 4 Marginal Increase (1.0% per Year)Marginal 1.0000 1.0100 1.0200 1.0300 1.0400 1.0500 5 High Increase (5.0% per Year)High 1.0000 1.0500 1.1000 1.1600 1.2200 1.2800 Stormwater System Capital Expenditures: 6 East Palm Way Stormwater Improvements ENR Rates $0 $0 $0 $0 $0 $105,570 $105,570 7 East Palm Way Stormwater Improvements II ENR G 0 0 0 0 0 246,330 246,330 8 East Pine Bluff Storm Improvements ENR Rates 0 0 125,193 0 0 0 125,193 9 East Pine Bluff Storm Improvements II ENR G 0 0 125,193 0 0 0 125,193 10 Evergreen Avenue Stormwater Improvements ENR Rates 0 0 0 0 0 92,460 92,460 11 Evergreen Avenue Stormwater Improvements II ENR G 0 0 0 0 0 215,740 215,740 12 Excavator (Rubber Tire)ENR Rates 105,000 0 0 0 0 0 105,000 13 Hart Avenue Stormwater Improvements ENR Rates 0 143,784 0 0 0 0 143,784 14 Hart Avenue Stormwater Improvements II ENR G 0 1,910,277 0 0 0 0 1,910,277 15 Hotel Dr Stormwater Improvements ENR Rates 0 0 0 0 173,777 0 173,777 16 Hotel Dr Stormwater Improvements II ENR G 0 0 0 0 173,777 0 173,777 17 IRB East & Virginia St Improvements Stormwater ENR Rates 0 0 0 0 0 172,500 172,500 18 IRB East & Virginia St Improvements Stormwater II ENR G 0 0 0 0 0 172,500 172,500 19 New Hampshire/New York/Fernald Stormwater Improvements II ENR G 0 802,370 0 0 0 0 802,370 20 Plaza & Hubbell Storm Improvement ENR Rates 0 0 0 159,140 0 0 159,140 21 Plaza & Hubbell Storm Improvement II ENR G 0 0 0 159,140 0 0 159,140 22 Stormwater Canal Rehabilitation: FL Shores (Phase 1)ENR Rates 0 309,000 318,000 327,000 336,000 345,000 1,635,000 23 Turgot/Fernald Stormwater Improvements ENR Rates 0 0 127,200 0 0 0 127,200 24 Turgot/Fernald Stormwater Improvements II ENR G 0 0 296,800 0 0 0 296,800 25 Unspecified Capital Outlay-Stormwater ENR Rates 0 51,500 53,000 54,500 56,000 57,500 272,500 26 Public Works Building ENR Rates 210,000 0 0 0 1,293,600 0 1,503,600 27 Capital Outlay Outlay Rates $42,000 $155,250 $160,500 $166,500 $172,500 $178,500 $875,250 28 Menzi Tractor Outlay JD2 0 362,250 0 0 0 0 362,250 29 Total Stormwater System Capital Expenditures $357,000 $3,734,431 $1,205,886 $866,280 $2,205,654 $1,586,100 $9,955,351 Funding Source Summary 30 Stormwater Rate Revenue Rates $357,000 $659,534 $783,893 $707,140 $2,031,877 $951,530 $5,490,974 31 Grant Funding G 0 2,712,647 421,993 159,140 173,777 634,570 4,102,127 32 New Subordinate Lien Debt 1 JD1 0 0 0 0 0 0 0 33 New Subordinate Lien Debt 2 JD2 0 362,250 0 0 0 0 362,250 34 New Subordinate Lien Debt 3 JD3 0 0 0 0 0 0 0 35 New Subordinate Lien Debt 4 JD4 0 0 0 0 0 0 0 36 Other Funding Sources (Gen. Fund etc.)Other 0 0 0 0 0 0 0 37 Total Funding Sources $357,000 $3,734,431 $1,205,886 $866,280 $2,205,654 $1,586,100 $9,955,351 Footnotes: [1]Amounts as provided by City Staff. Page 1 of 1 Table 3-8 City of Edgewater, Florida Stormwater Utility Rate Study Summary of Debt Service Payments - Sinking Fund Basis Line Fiscal Year Ending September 30th, No.Description 2020 2021 2022 2023 2024 2025 STORMWATER SYSTEM Existing Debt: 1 Capital Improvement Revenue Note, Series 2014 $49,911 $50,056 $49,671 $49,546 $41,105 $0 2 Capital Improvement Revenue Note, Series 2015 0 0 0 0 0 0 3 Vehicle Lease 2016 Amer Cap Svc 8,040 8,040 201 0 0 0 4 Total Existing Debt Payments $57,951 $58,096 $49,872 $49,546 $41,105 $0 Proposed Junior Lien Debt: 5 New Subordinate Lien Debt 1 $0 $0 $0 $0 $0 $0 6 New Subordinate Lien Debt 2 $0 $78,499 $78,499 $78,499 $78,499 $78,499 7 New Subordinate Lien Debt 3 0 0 0 0 0 0 8 New Subordinate Lien Debt 4 0 0 0 0 0 0 9 Total Proposed Junior Lien Debt Service Payments $0 $78,499 $78,499 $78,499 $78,499 $78,499 10 Total Stormwater Debt Service Payments $57,951 $136,595 $128,370 $128,045 $119,603 $78,499 Page 1 of 1 Table 3-9 City of Edgewater, Florida Stormwater Utility Rate Study Projection of Operating and Other Transfers Line Fiscal Year Ending September 30, No.Description 2020 2021 2022 2023 2024 2025 PILOFF - Stormwater 1 Current Year Rate Revenues $2,096,500 $2,111,826 $2,304,415 $2,499,558 $2,697,256 $2,761,687 2 PILOFF Percentage 5.25%5.90%5.90%5.90%5.90%5.90% 3 PILOFF - Stormwater [1]$110,043 $124,598 $135,960 $147,474 $159,138 $162,940 4 Total PILOFF $110,043 $124,598 $135,960 $147,474 $159,138 $162,940 Charter Reserve Transfer 5 Charter Reserve Transfer $15 $15 $15 $15 $15 $15 6 Total Transfers $110,058 $124,612 $135,975 $147,489 $159,153 $162,954 Footnotes: [1]Amounts reflect fund transfers budgeted in the Fiscal Year 2020 Operating Budget. Page 1 of 1 Table 3-10 City of Edgewater, Florida Stormwater Utility Rate Study Projection of Ending Cash Balances and Interest Income Line Fiscal Year Ending September 30, No.Description 2020 2021 2022 2023 2024 2025 Year End Cash Balances Roll-Up 1 Operating Fund (448)$2,069,227 $1,916,594 $1,774,228 $1,834,910 $704,010 $690,425 2 Charter Reserve Fund 277,506 277,798 278,091 278,384 278,677 278,970 3 Total Ending Cash Balance $2,346,733 $2,194,393 $2,052,319 $2,113,293 $982,687 $969,395 Operating/General Revenue Account 4 Beginning Balance $1,741,752 $2,069,227 $1,916,594 $1,774,228 $1,834,910 $704,010 5 Transfer In - Stormwater Revenue 2,096,500 2,111,826 2,304,415 2,499,558 2,697,256 2,761,687 6 Transfer In - R&R Fund 0 0 0 0 0 0 7 Transfer In - Stormwater Capital Fund 0 0 0 0 0 0 8 Transfer In - Existing Construction Fund 0 0 0 0 0 0 9 Transfer In - Debt Service Reserve 0 0 0 0 0 0 10 Transfers In - Grant Reimbursements / Sale of Surplus 3,000 0 0 0 0 0 11 Transfers Out - Revenue Requirements 1,772,025 2,264,459 2,446,781 2,438,876 3,828,155 2,775,272 12 Transfers Out - Capital Improvements 0 0 0 0 0 0 13 Transfers Out - R&R Fund 0 0 0 0 0 0 14 Transfers Out - Stormwater Capital Fund 0 0 0 0 0 0 15 Transfers Out - Existing Construction Fund 0 0 0 0 0 0 16 Transfers In (Out)0 0 0 0 0 0 17 Interest Rate 0.10%0.10%0.10%0.10%0.10%0.10% 18 Interest Income 1,905 1,993 1,845 1,805 1,269 697 Recognition of Interest Earnings 19 in Revenue Requirements 1,905 1,993 1,845 1,805 1,269 697 20 Ending Balance 2,069,227 1,916,594 1,774,228 1,834,910 704,010 690,425 21 Target Days of Available Cash: 60 Days of Revenue 344,630 347,149 378,808 410,886 443,384 453,976 22 360 331 281 268 95 91 Charter Reserve Fund 23 Beginning Balance [1]$277,214 $277,506 $277,798 $278,091 $278,384 $278,677 24 Transfers In - Operating Reserves 0 0 0 0 0 0 25 Transfers In - Charter Reserve Deposit 15 15 15 15 15 15 26 Transfers In - Stormwater Capital Fund 0 0 0 0 0 0 27 Transfers Out - Operating Reserves 0 0 0 0 0 0 28 Transfers Out - Stormwater Capital Fund 0 0 0 0 0 0 29 Transfers Out - Capital Improvements 0 0 0 0 0 0 30 Interest Rate 0.10%0.10%0.10%0.10%0.10%0.10% 31 Interest Income 277 278 278 278 278 279 Recognition of Interest Earnings 32 in Revenue Requirements 0 0 0 0 0 0 33 Ending Balance 277,506 277,798 278,091 278,384 278,677 278,970 Debt Service Sinking Fund Annual Sinking Fund Deposit 34 Total Debt Service $57,951 $136,595 $128,370 $128,045 $119,603 $78,499 35 Average Balance (25% of annual debt service)14,500 34,100 32,100 32,000 29,900 19,600 36 Interest Rate 0.10%0.10%0.10%0.10%0.10%0.10% 37 Interest Income 15 34 32 32 30 20 Recognition of Interest Earnings 38 in Revenue Requirements 15 34 32 32 30 20 39 Ending Balance 43,451 102,495 96,270 96,045 89,703 58,899 40 Total Unrestricted Interest Income $2,197 $2,305 $2,155 $2,115 $1,578 $996 Calculated Days of Available Cash (Revenue) Page 1 of 2 Table 3-11 City of Edgewater, Florida Stormwater Utility Rate Study Projected Stormwater System Revenue Requirements Line Fiscal Year Ending September 30, No.Description 2020 2021 2022 2023 2024 2025 1 Operating Expenses [1]$1,257,614 $1,354,422 $1,409,098 $1,466,718 $1,527,500 $1,591,684 Existing Debt Service [2] 2 Capital Improvement Revenue Note, Series 2014 $49,911 $50,056 $49,671 $49,546 $41,105 $0 3 Capital Improvement Revenue Note, Series 2015 0 0 0 0 0 0 4 Vehicle Lease 2016 Amer Cap Svc 8,040 8,040 201 0 0 0 5 Total Existing Debt $57,951 $58,096 $49,872 $49,546 $41,105 $0 Proposed Debt Service [3] 6 New Subordinate Lien Debt 1 0 0 0 0 0 0 7 New Subordinate Lien Debt 2 0 78,499 78,499 78,499 78,499 78,499 8 New Subordinate Lien Debt 3 0 0 0 0 0 0 9 New Subordinate Lien Debt 4 0 0 0 0 0 0 10 Total Proposed Debt $0 $78,499 $78,499 $78,499 $78,499 $78,499 11 Total Debt Service $57,951 $136,595 $128,370 $128,045 $119,603 $78,499 Other Revenue Requirements 12 Transfer to Operating Reserves $0 $0 $0 $0 $0 $0 13 Cost Allocation 0 0 0 0 0 0 14 Payment In Lieu of Franchise Fee [4]110,043 124,598 135,960 147,474 159,138 162,940 15 Transfer to Charter Reserve Fund 15 15 15 15 15 15 16 Capital Funded from Rates [5]357,000 659,534 783,893 707,140 2,031,877 951,530 17 Total Other Revenue Requirements $467,058 $784,147 $919,868 $854,629 $2,191,030 $1,114,484 18 Gross Revenue Requirements $1,782,622 $2,275,163 $2,457,337 $2,449,391 $3,838,133 $2,784,667 Less Income and Funds from Other Sources 19 Other Operating Revenue [6]$8,400 $8,400 $8,400 $8,400 $8,400 $8,400 20 Uses of Reserves 0 0 0 0 0 0 21 Unrestricted Interest Income [7]2,197 2,305 2,155 2,115 1,578 996 22 Transfer from General Fund 0 0 0 0 0 0 23 Net Revenue Requirements $1,772,025 $2,264,459 $2,446,781 $2,438,876 $3,828,155 $2,775,272 Revenue from Rates Stormwater Base Fee 24 Stormwater Rate Revenue - Existing Rates $1,371,496 $1,381,890 $1,392,284 $1,402,678 $1,413,072 $1,423,466 25 Prior Year Rate Adjustments 0 0 0 116,890 235,512 355,867 26 Total Rate Revenue Before Current Year Adjustment $1,371,496 $1,381,890 $1,392,284 $1,519,568 $1,648,584 $1,779,333 Current Year Rate Adjustments - Base Fee 27 Current Year Rate Adjustments 0.0%0.0%8.3%7.7%7.1%1.7% 28 Effective Month October October October October October October 29 % of Current Year Effective 100.0%100.0%100.0%100.0%100.0%100.0% 30 Revenue From Current Year Rate Adjustments $0 $0 $116,024 $116,890 $117,756 $29,656 31 Total Revenue from Rates - Base Fee $1,371,496 $1,381,890 $1,508,308 $1,636,458 $1,766,341 $1,808,989 Stormwater Assessment Fee 32 Stormwater Rate Revenue - Existing Rates $725,004 $729,936 $734,868 $739,800 $744,732 $749,664 33 Prior Year Rate Adjustments 0 0 0 61,650 124,122 187,416 34 Total Rate Revenue Before Current Year Adjustment $725,004 $729,936 $734,868 $801,450 $868,854 $937,080 Page 2 of 2 Table 3-11 City of Edgewater, Florida Stormwater Utility Rate Study Projected Stormwater System Revenue Requirements Line Fiscal Year Ending September 30, No.Description 2020 2021 2022 2023 2024 2025 Current Year Rate Adjustments - Assessment Fee 35 Current Year Rate Adjustments 0.0%0.0%8.3%7.7%7.1%1.7% 36 Effective Month October October October October October October 37 % of Current Year Effective 100.0%100.0%100.0%100.0%100.0%100.0% 38 Revenue From Current Year Rate Adjustments $0 $0 $61,239 $61,650 $62,061 $15,618 39 Total Revenue from Rates - Assessment Fee $725,004 $729,936 $796,107 $863,100 $930,915 $952,698 Combined Revenue from Rates 40 Stormwater Rate Revenue - Existing Rates $2,096,500 $2,111,826 $2,127,152 $2,142,478 $2,157,804 $2,173,130 41 Prior Year Rate Adjustments 0 0 0 178,540 359,634 543,283 42 Total Rate Revenue Before Current Year Adjustment $2,096,500 $2,111,826 $2,127,152 $2,321,018 $2,517,438 $2,716,413 Current Year Rate Adjustments 43 Current Year Rate Adjustments 0.0%0.0%8.3%7.7%7.1%1.7% 44 Effective Month October October October October October October 45 % of Current Year Effective 100.0%100.0%100.0%100.0%100.0%100.0% 46 Revenue From Current Year Rate Adjustments $0 $0 $177,263 $178,540 $179,817 $45,274 47 Total Revenue from Rates $2,096,500 $2,111,826 $2,304,415 $2,499,558 $2,697,256 $2,761,687 48 Revenue Surplus/(Deficiency) [8]$324,475 ($152,633)($142,366)$60,682 ($1,130,900)($13,585) 49 Percentage Revenue Surplus/(Deficiency)15.5%-7.2%-6.2%2.4%-41.9%-0.5% Footnotes: [1]Amounts shown based on Table 3-5. [2]Payment amounts shown were based on debt service schedules provided by City Staff. [3]Amounts shown represent payments on proposed capital leases utilized in the funding of the CIP. [4]Amount shown is a transfer to the City's General Fund and is based on 5.9% of the previous Fiscal Year's revenues. [5]Amounts based on the proposed capital funding plan. [6]Amounts based on projection of other operating revenues as shown on Table 3-2. [7]Interest income is estimated on earnings on projected fund balances from unrestricted reserves. [8]The forecast assumes that any deficiencies will be funded from available operating reserves. Page 1 of 2 Table 3-12 City of Edgewater, Florida Stormwater Utility Rate Study Projection of Debt Service Coverage Compliance Line Fiscal Year Ending September 30 No.Description 2020 2021 2022 2023 2024 2025 Gross Revenues Stormwater Revenues 1 Revenues from Existing Rates [1]$2,096,500 $2,111,826 $2,127,152 $2,142,478 $2,157,804 $2,173,130 2 Revenues from Proposed Rate Adjustments [2]0 0 177,263 357,080 539,451 588,556 3 Total Rate Revenues $2,096,500 $2,111,826 $2,304,415 $2,499,558 $2,697,256 $2,761,687 4 Other Operating Revenue 8,400 8,400 8,400 8,400 8,400 8,400 5 Unrestricted Interest Income [3]2,197 2,305 2,155 2,115 1,578 996 6 Total System Gross Revenues $2,107,097 $2,122,531 $2,314,970 $2,510,073 $2,707,233 $2,771,082 7 Operation and Maintenance Expenses $1,257,614 $1,354,422 $1,409,098 $1,466,718 $1,527,500 $1,591,684 8 Net Revenues $849,484 $768,109 $905,872 $1,043,355 $1,179,733 $1,179,398 Senior Lien Coverage 9 Additional Senior Lien Debt 1 $0 $0 $0 $0 $0 $0 10 Additional Bonds 2 0 0 0 0 0 0 11 Additional Bonds 3 0 0 0 0 0 0 12 Additional Bonds 4 0 0 0 0 0 0 13 Annual Debt Service - Senior Lien Debt $0 $0 $0 $0 $0 $0 Coverage Ratio - Calculated N/A N/A N/A N/A N/A N/A 14 Coverage Ratio - Required 1.15 1.15 1.15 1.15 1.15 1.15 Subordinate Lien Coverage 15 Net Revenues $849,484 $768,109 $905,872 $1,043,355 $1,179,733 $1,179,398 16 Less Senior Lien Debt Service (Inc. Coverage)0 0 0 0 0 0 17 Net Revenues less Senior Lien Debt Service $849,484 $768,109 $905,872 $1,043,355 $1,179,733 $1,179,398 Subordinate Debt Service: Existing Debt Service 18 Capital Improvement Revenue Note, Series 2014 [4]$49,911 $50,056 $49,671 $49,546 $41,105 $0 19 Capital Improvement Revenue Note, Series 2015 [5]0 0 0 0 0 0 20 Vehicle Lease 2016 Amer Cap Svc 8,040 8,040 201 0 0 0 Proposed Debt Service 21 Additional Subordinate Lien Debt 1 [5]$0 $0 $0 $0 $0 $0 22 Additional Subordinate Lien Debt 2 0 78,499 78,499 78,499 78,499 78,499 23 Additional Subordinate Lien Debt 3 0 0 0 0 0 0 24 Additional Subordinate Lien Debt 4 0 0 0 0 0 0 25 Annual Debt Service - Subordinate Lien Debt $57,951 $136,595 $128,370 $128,045 $119,603 $78,499 26 Coverage Ratio - Calculated 14.66 5.62 7.06 8.15 9.86 15.02 27 Coverage Ratio - Required 1.15 1.15 1.15 1.15 1.15 1.15 28 Net Revenues less Senior & Junior Lien Debt Service $791,533 $631,514 $777,502 $915,310 $1,060,130 $1,100,899 All-In Debt Service Coverage 29 Combined All-In Debt Service Payments $57,951 $136,595 $128,370 $128,045 $119,603 $78,499 30 Coverage Ratio - Calculated 14.66 5.62 7.06 8.15 9.86 15.02 31 Coverage Ratio - Target 1.50 1.50 1.50 1.50 1.50 1.50 Other Uses / (Sources) of Funds 32 Payment In Lieu of Franchise Fee [6]$110,043 $124,598 $135,960 $147,474 $159,138 $162,940 33 Transfer to Charter Reserve Fund 15 15 15 15 15 15 34 Capital Funded from Rates 357,000 659,534 783,893 707,140 2,031,877 951,530 35 Transfer From General Fund 0 0 0 0 0 0 36 Net transfer from / (to) Reserves 0 0 0 0 0 0 37 Net Transfer to (from) Reserves $324,475 ($152,633)($142,366)$60,682 ($1,130,900)($13,585) Page 2 of 2 Table 3-12 City of Edgewater, Florida Stormwater Utility Rate Study Projection of Debt Service Coverage Compliance Footnotes: [1]Projected revenue from rates reflects existing rates effective October 1, 2019. [2]Revenue from rate adjustments reflect the following projected rate increases effective October 1st of each year. Fiscal Year 2020 2021 2022 2023 2024 2025 Rate Adjustment 0.00%0.00%8.33%7.69%7.14%1.67% [3]Amounts shown only reflect earnings from funds and accounts established by the City that are considered unrestricted (earnings not required to be retained in such funds and accounts and are available as a component of Net Revenues) [4]Amounts shown represent a transfer to the City's General fund for the Utility System's allocation (33.85%) of the Capital Improvement Revenue Note, Series 2014. [5]Amounts shown represent a transfer to the City's General fund for the Utility System's allocation (9.00%) of the Capital Improvement Revenue Note, Series 2015. Loan was recently paid off in 2017. [6]Amounts shown represent a transfer to the City's General fund for Payment in Lieu of Franchise Fees (PILOFF), which is a transfer made based on 5.90% of the previous year's rate revenue. Page 1 of 1Table 3-13 City of Edgewater, Florida Stormwater Utility Rate Study Comparison of Monthly Residential Stormwater Rates [1] Monthly Impervious Line Stormwater Rate Surface No.Description per ERU per ERU City of Edgewater 1 Existing Rates $12.00 2,027 2 Proposed Rates - Fiscal Year 2021 12.00 2,027 Other Florida Utilities 3 City of Daytona Beach $10.76 1,661 4 City of DeLand 8.99 3,100 5 City of Deltona 10.67 3,484 6 City of Eustis 6.00 2,187 7 City of Holly Hill 8.00 2,050 8 New Smyrna Beach Utilities Commission 7.33 1,818 9 City of Ormond Beach 8.00 3,000 10 City of Palm Coast 15.55 3,682 11 City of Port Orange 8.25 3,050 12 City of Sanford 9.27 2,126 13 City of South Daytona 9.00 2,000 14 Volusia County 6.00 2,775 15 Other Utilities' Average $8.98 2,578 16 Minimum 6.00 1,661 17 Maximum 15.55 3,682 Footnotes: [1]Unless otherwise noted, amounts shown reflect rates in effect May 2020 and are exclusive of taxes or franchise fees, if any. All rates are as reported by the respective local government. Page 1 of 4 Appendix 1 City of Edgewater, Florida Water and Wastewater Utility Rate Study Water and Wastewater System Financial Dashboards and Performance Metrics Fiscal Year Ending September 30th,Fiscal Year Ending September 30th, Description 2020 2021 2022 2023 2024 2025 Description 2020 2021 2022 2023 2024 2025 Recognized Revenue Adjustments:System Surplus / (Deficiency): Water Revenue Adjustment 0.00%9.00%3.00%3.00%3.00%3.00%Water Revenue Surplus / (Deficiency)($216,092)$315,725 $364,645 $364,567 $18,879 $196,228 Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct.Wastewater Revenue Surplus / (Deficiency)(464,793)(84,234)(155,726)56,153 (143,898)(283,347) Combined Revenue Surplus / (Deficiency)($680,884)$231,491 $208,918 $420,719 ($125,019)($87,119) Wholesale Water Revenue Adjustment 0.00%5.00%5.00%5.00%5.00%5.00%Percent of Rate Revenues -6.04%1.88%1.63%3.18%-0.91%-0.61% Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct. Average Residential Bill: Wastewater Revenue Adj.0.00%9.00%3.00%3.00%3.00%3.00%Average Water Bill @ 3,000 gal $26.38 $28.75 $29.61 $30.50 $31.42 $32.36 Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct.Average Wastewater Bill @ 3,000 gal 44.05 48.03 49.47 50.96 52.50 54.06 Average Combined Bill @ 3,000 gal $70.43 $76.78 $79.08 $81.46 $83.92 $86.42 Reclaimed Revenue Adj.0.00%0.00%0.00%0.00%0.00%0.00% Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct.Monthly Increase - Total N/A $6.35 $2.30 $2.38 $2.46 $2.50 Combined Adjustment N/A 8.48%3.03%3.03%3.03%3.04%Monthly Increase - Cost Per Gallon N/A $0.0016 $0.0006 $0.0006 $0.0006 $0.0006 Cumulative Adjustment N/A 8.48%11.77%15.16%18.65%22.26% $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 2020 2021 2022 2023 2024 2025 1-A) Projected Water Revenue Requirements Total Operating Expenses Total Debt Service Payment In Lieu of Franchise Fees Renewal and Replacement Fund Transfer Capital Funded from Rates / Reserves Transfer to Charter Reserve Fund Total Revenues at Existing Rates Total Revenues at Proposed Rates $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 2020 2021 2022 2023 2024 2025 1-B) Projected Wastewater Revenue Requirements Total Operating Expenses Total Debt Service Payment In Lieu of Franchise Fees Renewal and Replacement Fund Transfer Capital Funded from Rates / Reserves Transfer to Charter Reserve Fund Total Revenues at Existing Rates Total Revenues at Proposed Rates $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 2020 2021 2022 2023 2024 2025 1) Projected Combined Revenue Requirements Total Operating Expenses Total Debt Service Payment In Lieu of Franchise Fees Renewal and Replacement Fund Transfer Capital Funded from Rates / Reserves Transfer to Charter Reserve Fund Total Revenues at Existing Rates Total Revenues at Proposed Rates 34%36%36%36%36%37% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 2020 2021 2022 2023 2024 2025 2) Net Revenue Margin Net Revenue Margin Minimum Target (40%) Page 2 of 4 Appendix 1 City of Edgewater, Florida Water and Wastewater Utility Rate Study Water and Wastewater System Financial Dashboards and Performance Metrics Fiscal Year Ending September 30th,Fiscal Year Ending September 30th, Description 2020 2021 2022 2023 2024 2025 Description 2020 2021 2022 2023 2024 2025 Recognized Revenue Adjustments:System Surplus / (Deficiency): Water Revenue Adjustment 0.00%9.00%3.00%3.00%3.00%3.00%Water Revenue Surplus / (Deficiency)($216,092)$315,725 $364,645 $364,567 $18,879 $196,228 Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct.Wastewater Revenue Surplus / (Deficiency)(464,793)(84,234)(155,726)56,153 (143,898)(283,347) Combined Revenue Surplus / (Deficiency)($680,884)$231,491 $208,918 $420,719 ($125,019)($87,119) Wholesale Water Revenue Adjustment 0.00%5.00%5.00%5.00%5.00%5.00%Percent of Rate Revenues -6.04%1.88%1.63%3.18%-0.91%-0.61% Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct. Average Residential Bill: Wastewater Revenue Adj.0.00%9.00%3.00%3.00%3.00%3.00%Average Water Bill @ 3,000 gal $26.38 $28.75 $29.61 $30.50 $31.42 $32.36 Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct.Average Wastewater Bill @ 3,000 gal 44.05 48.03 49.47 50.96 52.50 54.06 Average Combined Bill @ 3,000 gal $70.43 $76.78 $79.08 $81.46 $83.92 $86.42 Reclaimed Revenue Adj.0.00%0.00%0.00%0.00%0.00%0.00% Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct.Monthly Increase - Total N/A $6.35 $2.30 $2.38 $2.46 $2.50 Combined Adjustment N/A 8.48%3.03%3.03%3.03%3.04%Monthly Increase - Cost Per Gallon N/A $0.0016 $0.0006 $0.0006 $0.0006 $0.0006 Cumulative Adjustment N/A 8.48%11.77%15.16%18.65%22.26% $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 2020 2021 2022 2023 2024 2025 3) Unrestricted Reserves Ending Cash Balances Fund 440 - Operating Fund 90 Days of Rate Revenue 45 Days of Rate Revenue $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 2020 2021 2022 2023 2024 2025 4) Capital Funds & Charter Reserve Ending Balances Charter Reserve R&R Fund Combined Connection Fee Funds Charter Reserve Fund Balance Target $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 2020 2021 2022 2023 2024 2025 5) Renewal & Replacement Fund Ending Balance Year End Cash Balance Deposits / Transfers In From Rates Transfer from Operating Fund R&R Fund Expenditures / Transfers Out 5% of System Fixed Assets (Per Bond Resolution) $3,028,000 $5,096,725 $5,464,363 $4,345,726 $7,085,466 $3,042,469 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 2020 2021 2022 2023 2024 2025 6) Capital Improvement Program Funding Plan Water & Wastewater Rates Renewal and Replacement Fund Operating Fund Grant Funding Proposed Debt Water and Wastewater Development Fees Page 3 of 4 Appendix 1 City of Edgewater, Florida Water and Wastewater Utility Rate Study Water and Wastewater System Financial Dashboards and Performance Metrics Fiscal Year Ending September 30th,Fiscal Year Ending September 30th, Description 2020 2021 2022 2023 2024 2025 Description 2020 2021 2022 2023 2024 2025 Recognized Revenue Adjustments:System Surplus / (Deficiency): Water Revenue Adjustment 0.00%9.00%3.00%3.00%3.00%3.00%Water Revenue Surplus / (Deficiency)($216,092)$315,725 $364,645 $364,567 $18,879 $196,228 Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct.Wastewater Revenue Surplus / (Deficiency)(464,793)(84,234)(155,726)56,153 (143,898)(283,347) Combined Revenue Surplus / (Deficiency)($680,884)$231,491 $208,918 $420,719 ($125,019)($87,119) Wholesale Water Revenue Adjustment 0.00%5.00%5.00%5.00%5.00%5.00%Percent of Rate Revenues -6.04%1.88%1.63%3.18%-0.91%-0.61% Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct. Average Residential Bill: Wastewater Revenue Adj.0.00%9.00%3.00%3.00%3.00%3.00%Average Water Bill @ 3,000 gal $26.38 $28.75 $29.61 $30.50 $31.42 $32.36 Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct.Average Wastewater Bill @ 3,000 gal 44.05 48.03 49.47 50.96 52.50 54.06 Average Combined Bill @ 3,000 gal $70.43 $76.78 $79.08 $81.46 $83.92 $86.42 Reclaimed Revenue Adj.0.00%0.00%0.00%0.00%0.00%0.00% Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct.Monthly Increase - Total N/A $6.35 $2.30 $2.38 $2.46 $2.50 Combined Adjustment N/A 8.48%3.03%3.03%3.03%3.04%Monthly Increase - Cost Per Gallon N/A $0.0016 $0.0006 $0.0006 $0.0006 $0.0006 Cumulative Adjustment N/A 8.48%11.77%15.16%18.65%22.26% 28%22%18%24%28%33% 0% 10% 20% 30% 40% 50% 60% 2020 2021 2022 2023 2024 2025 7) Debt to Net Plant Investment Debt to Net Plant Investment Maximum Target (50%) 201% 295%320%301% 236%231% 0% 50% 100% 150% 200% 250% 300% 350% 2020 2021 2022 2023 2024 2025 8) All-In Debt Service Coverage All-In Debt Service Coverage Minimum Coverage Target (150%) 125%131%128%130%124%123% 0% 20% 40% 60% 80% 100% 120% 140% 2020 2021 2022 2023 2024 2025 9) Senior Lien Debt Service Coverage Calculated Senior Lien Coverage Min. Required Coverage (100%) 703% 865%901% 691% 504%404% 0% 100% 200% 300% 400% 500% 600% 700% 800% 900% 1000% 2020 2021 2022 2023 2024 2025 10) Subordinate Lien Debt Service Coverage Calculated Subordinate Lien Coverage Minimum Required Coverage (115%) Page 4 of 4 Appendix 1 City of Edgewater, Florida Water and Wastewater Utility Rate Study Water and Wastewater System Financial Dashboards and Performance Metrics Fiscal Year Ending September 30th,Fiscal Year Ending September 30th, Description 2020 2021 2022 2023 2024 2025 Description 2020 2021 2022 2023 2024 2025 Recognized Revenue Adjustments:System Surplus / (Deficiency): Water Revenue Adjustment 0.00%9.00%3.00%3.00%3.00%3.00%Water Revenue Surplus / (Deficiency)($216,092)$315,725 $364,645 $364,567 $18,879 $196,228 Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct.Wastewater Revenue Surplus / (Deficiency)(464,793)(84,234)(155,726)56,153 (143,898)(283,347) Combined Revenue Surplus / (Deficiency)($680,884)$231,491 $208,918 $420,719 ($125,019)($87,119) Wholesale Water Revenue Adjustment 0.00%5.00%5.00%5.00%5.00%5.00%Percent of Rate Revenues -6.04%1.88%1.63%3.18%-0.91%-0.61% Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct. Average Residential Bill: Wastewater Revenue Adj.0.00%9.00%3.00%3.00%3.00%3.00%Average Water Bill @ 3,000 gal $26.38 $28.75 $29.61 $30.50 $31.42 $32.36 Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct.Average Wastewater Bill @ 3,000 gal 44.05 48.03 49.47 50.96 52.50 54.06 Average Combined Bill @ 3,000 gal $70.43 $76.78 $79.08 $81.46 $83.92 $86.42 Reclaimed Revenue Adj.0.00%0.00%0.00%0.00%0.00%0.00% Effective Month of Increase Aug.Oct.Oct.Oct.Oct.Oct.Monthly Increase - Total N/A $6.35 $2.30 $2.38 $2.46 $2.50 Combined Adjustment N/A 8.48%3.03%3.03%3.03%3.04%Monthly Increase - Cost Per Gallon N/A $0.0016 $0.0006 $0.0006 $0.0006 $0.0006 Cumulative Adjustment N/A 8.48%11.77%15.16%18.65%22.26% $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 11) Ending Principal Balance Outstanding Total Existing Debt Service Balance Outstanding Total Proposed Debt Service Balance Outstanding $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 12) Total Annual Debt Service Payments Total Existing Debt Payments Total Proposed Debt Payments 11,094 11,174 11,254 11,334 11,414 11,494 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 2020 2021 2022 2023 2024 2025 Billed Flows (000's Gallons)Accounts13) Projected Water Customers & Sales Water Accounts Water Revenue Gallons 10,208 10,288 10,368 10,448 10,528 10,608 0 100,000 200,000 300,000 400,000 500,000 600,000 0 2,000 4,000 6,000 8,000 10,000 12,000 2020 2021 2022 2023 2024 2025 Billed Flows (000's Gallons)Accounts14) Projected Wastewater Customers & Sales Wastewater Accounts Wastewater Revenue Gallons Page 1 of 3 Appendix 2 City of Edgewater, Florida Solid Waste Utility Rate Study Solid Waste System Financial Dashboards and Performance Metrics Fiscal Year Ending September 30,Fiscal Year Ending September 30, Description 2020 2021 2022 2023 2024 2025 Description 2020 Base 2020 2021 2022 2023 2024 2025 Recognized Revenue Adjustments:System Surplus / (Deficiency)$352,287 $223,728 $161,718 $79,514 ($1,657,667)($10,114) Solid Waste Collection Revenue Adjustment 0.00%-14.50%0.00%1.50%2.00%2.00%Percent of Rate Revenues 8.81%6.26%4.47%2.15%-43.48%-0.26% Effective Month of Increase Oct.Oct.Oct.Oct.Oct.Oct. Average Residential Bill: Recycling Revenue Adjustment 0.00%0.00%2.60%2.50%2.40%2.30%Solid Waste Collection $29.04 $29.04 $24.83 $24.83 $25.20 $25.70 $26.21 Effective Month of Increase Oct.Oct.Oct.Oct.Oct.Oct.Recycling 4.31 4.31 4.31 4.42 4.53 4.64 4.75 Total Solid Waste Bill $33.35 $33.35 $29.14 $29.25 $29.73 $30.34 $30.96 Combined Adjustment N/A -12.67%0.38%1.65%2.06%2.04%Annual Increase - Total N/A $0.00 ($4.21)$0.11 $0.48 $0.61 $0.62 Cumulative Adjustment N/A -12.67%-12.34%-10.89%-9.06%-7.20% $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 2020 2021 2022 2023 2024 2025 1) Solid Waste System Revenue Requirements Total Operating Expenses Total Debt Service Transfers to General Fund - PILOFF Transfer to Vehicle Replacement Fund Transfer to Charter Reserve Fund Other Capital Funded from Rates Total Revenues at Existing Rates Total Revenues at Proposed Rates 28% 17% 16%15%14%14% 0% 5% 10% 15% 20% 25% 30% 2020 2021 2022 2023 2024 2025 2) Net Revenue Margin Net Revenue Margin $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 2020 2021 2022 2023 2024 2025 3) Operating Reserves Ending Cash Balance Fund 447 - Operating Fund 120 Days of Rate Revenue 90 Days of Rate Revenue $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 2020 2021 2022 2023 2024 2025 4) Vehicle Replacement and Charter Reserve Fund Ending Cash Balances Charter Reserve Fund Vehicle Replacement Fund Charter Reserve Fund Balance Target Page 2 of 3 Appendix 2 City of Edgewater, Florida Solid Waste Utility Rate Study Solid Waste System Financial Dashboards and Performance Metrics Fiscal Year Ending September 30,Fiscal Year Ending September 30, Description 2020 2021 2022 2023 2024 2025 Description 2020 Base 2020 2021 2022 2023 2024 2025 Recognized Revenue Adjustments:System Surplus / (Deficiency)$352,287 $223,728 $161,718 $79,514 ($1,657,667)($10,114) Solid Waste Collection Revenue Adjustment 0.00%-14.50%0.00%1.50%2.00%2.00%Percent of Rate Revenues 8.81%6.26%4.47%2.15%-43.48%-0.26% Effective Month of Increase Oct.Oct.Oct.Oct.Oct.Oct. Average Residential Bill: Recycling Revenue Adjustment 0.00%0.00%2.60%2.50%2.40%2.30%Solid Waste Collection $29.04 $29.04 $24.83 $24.83 $25.20 $25.70 $26.21 Effective Month of Increase Oct.Oct.Oct.Oct.Oct.Oct.Recycling 4.31 4.31 4.31 4.42 4.53 4.64 4.75 Total Solid Waste Bill $33.35 $33.35 $29.14 $29.25 $29.73 $30.34 $30.96 Combined Adjustment N/A -12.67%0.38%1.65%2.06%2.04%Annual Increase - Total N/A $0.00 ($4.21)$0.11 $0.48 $0.61 $0.62 Cumulative Adjustment N/A -12.67%-12.34%-10.89%-9.06%-7.20% $1,213,385 $31,050 $31,050 $355,500 $1,758,100 $373,200 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 2020 2021 2022 2023 2024 2025 5) Capital Improvement Plan Funding by Source Rate Revenues Operating Fund / R&R Proposed Debt - Garbage Carts Proposed Debt - Public Works Facility Allocation Proposed Leases 2991% 395%358%253%251%192% 0% 500% 1000% 1500% 2000% 2500% 3000% 3500% 2020 2021 2022 2023 2024 2025 7) All-In Debt Service Coverage All-In Debt Service Coverage Target Coverage 150% 36%32%28%32% 14%17% 0% 10% 20% 30% 40% 50% 60% 2020 2021 2022 2023 2024 2025 6) Debt to Net Plant Investment Debt to Net Plant Investment Maximum Target 50% 0%0%0%0%0%0%0% 20% 40% 60% 80% 100% 120% 140% 2020 2021 2022 2023 2024 2025 8) Senior Lien Debt Service Coverage Senior Lien Debt Service Coverage Required Coverage 115% Page 3 of 3 Appendix 2 City of Edgewater, Florida Solid Waste Utility Rate Study Solid Waste System Financial Dashboards and Performance Metrics Fiscal Year Ending September 30,Fiscal Year Ending September 30, Description 2020 2021 2022 2023 2024 2025 Description 2020 Base 2020 2021 2022 2023 2024 2025 Recognized Revenue Adjustments:System Surplus / (Deficiency)$352,287 $223,728 $161,718 $79,514 ($1,657,667)($10,114) Solid Waste Collection Revenue Adjustment 0.00%-14.50%0.00%1.50%2.00%2.00%Percent of Rate Revenues 8.81%6.26%4.47%2.15%-43.48%-0.26% Effective Month of Increase Oct.Oct.Oct.Oct.Oct.Oct. Average Residential Bill: Recycling Revenue Adjustment 0.00%0.00%2.60%2.50%2.40%2.30%Solid Waste Collection $29.04 $29.04 $24.83 $24.83 $25.20 $25.70 $26.21 Effective Month of Increase Oct.Oct.Oct.Oct.Oct.Oct.Recycling 4.31 4.31 4.31 4.42 4.53 4.64 4.75 Total Solid Waste Bill $33.35 $33.35 $29.14 $29.25 $29.73 $30.34 $30.96 Combined Adjustment N/A -12.67%0.38%1.65%2.06%2.04%Annual Increase - Total N/A $0.00 ($4.21)$0.11 $0.48 $0.61 $0.62 Cumulative Adjustment N/A -12.67%-12.34%-10.89%-9.06%-7.20% $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 9) Existing and Proposed Debt -Ending Principal Outstanding Existing Debt Services Balances Proposed Debt Service Balances $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 10) Existing and Proposed Debt Service Payments Existing Debt Service Payments Proposed Debt Service Payments 9,417 9,492 9,567 9,642 9,717 9,792 34 34 34 34 34 34 283 288 293 298 303 308 8,000 8,500 9,000 9,500 10,000 10,500 2020 2021 2022 2023 2024 2025Accounts11) Projection of Collection Customers by Class Residential Multi-Family Commercial $33.35 $29.14 $29.25 $29.73 $30.34 $30.96 $0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 $40.00 2020 2021 2022 2023 2024 2025Accounts12) Average Monthly Residential Bill Total Average Residential Bill Page 1 of 3 Appendix 3 City of Edgewater, Florida Stormwater Utility Rate Study Stormwater System Financial Dashboards and Performance Metrics Description 2020 2021 2022 2023 2024 2025 Description 2020 Base 2020 2021 2022 2023 2024 2025 Recognized Revenue Adjustments:System Surplus / (Deficiency)$324,475 ($152,633)($142,366)$60,682 ($1,130,900)($13,585) Stormwater Base Fee 0.00%0.00%8.33%7.69%7.14%1.67%Percent of Rate Revenues 15.48%-7.23%-6.18%2.43%-41.93%-0.49% Effective Month of Increase October October October October October October Stormwater Assessment Fee 0.00%0.00%8.33%7.69%7.14%1.67%Average Residential Bill: Effective Month of Increase October October October October October October Stormwater Base Fee $6.52 $6.52 $6.52 $7.06 $7.60 $8.14 $8.28 Stormwater Assessment Fee 5.48 5.48 5.48 5.94 6.40 6.86 6.97 Combined Adjustment N/A 0.00%8.33%7.69%7.14%1.67%Total Stormwater Bill $12.00 $12.00 $12.00 $13.00 $14.00 $15.00 $15.25 Cumulative Adjustment N/A 0.00%8.33%16.67%25.00%27.08%Monthly Increase - Total N/A $0.00 $0.00 $1.00 $1.00 $1.00 $0.25 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 2020 2021 2022 2023 2024 2025 1) Projected Stormwater Revenue Requirements Operating Expenses Total Debt Service PILOFF Capital Funded From Rates Other Revenue Requirements Revenues at Existing Rates Revenues at Proposed Rates 40% 36% 39% 42%44%43% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 2020 2021 2022 2023 2024 2025 2) Net Revenue Margin Net Operating Margin Target Percentage 35% $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 2020 2021 2022 2023 2024 2025 3) Operating Fund Ending Cash Balances Operating Fund Balance 90 Days of Rate Revenue 120 Days of Rate Revenue $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 2020 2021 2022 2023 2024 2025 4) Capital Fund and Charter Reserve Ending Fund Balance Charter Reserve Fund Capital Reserve Fund Charter Reserve Fund Balance Target Page 2 of 3 Appendix 3 City of Edgewater, Florida Stormwater Utility Rate Study Stormwater System Financial Dashboards and Performance Metrics Description 2020 2021 2022 2023 2024 2025 Description 2020 Base 2020 2021 2022 2023 2024 2025 Recognized Revenue Adjustments:System Surplus / (Deficiency)$324,475 ($152,633)($142,366)$60,682 ($1,130,900)($13,585) Stormwater Base Fee 0.00%0.00%8.33%7.69%7.14%1.67%Percent of Rate Revenues 15.48%-7.23%-6.18%2.43%-41.93%-0.49% Effective Month of Increase October October October October October October Stormwater Assessment Fee 0.00%0.00%8.33%7.69%7.14%1.67%Average Residential Bill: Effective Month of Increase October October October October October October Stormwater Base Fee $6.52 $6.52 $6.52 $7.06 $7.60 $8.14 $8.28 Stormwater Assessment Fee 5.48 5.48 5.48 5.94 6.40 6.86 6.97 Combined Adjustment N/A 0.00%8.33%7.69%7.14%1.67%Total Stormwater Bill $12.00 $12.00 $12.00 $13.00 $14.00 $15.00 $15.25 Cumulative Adjustment N/A 0.00%8.33%16.67%25.00%27.08%Monthly Increase - Total N/A $0.00 $0.00 $1.00 $1.00 $1.00 $0.25 $357,000 $3,734,431 $1,205,886 $866,280 $2,205,654 $1,586,100 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 2020 2021 2022 2023 2024 2025 5) Capital Improvement Program Funding Plan Rate Revenues Grant Funding Proposed Debt $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 7) Ending Principal Balance Outstanding Total Existing Principal Outstanding Total Proposed Principal Outstanding $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 8) Total Annual Debt Service Payments Total Existing Debt Service Payment Total Proposed Debt Service Payment 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 2020 2021 2022 2023 2024 2025 6) Debt to Net Plant Investment Debt to Net Plant Investment Maximum Target 50% Page 3 of 3 Appendix 3 City of Edgewater, Florida Stormwater Utility Rate Study Stormwater System Financial Dashboards and Performance Metrics Description 2020 2021 2022 2023 2024 2025 Description 2020 Base 2020 2021 2022 2023 2024 2025 Recognized Revenue Adjustments:System Surplus / (Deficiency)$324,475 ($152,633)($142,366)$60,682 ($1,130,900)($13,585) Stormwater Base Fee 0.00%0.00%8.33%7.69%7.14%1.67%Percent of Rate Revenues 15.48%-7.23%-6.18%2.43%-41.93%-0.49% Effective Month of Increase October October October October October October Stormwater Assessment Fee 0.00%0.00%8.33%7.69%7.14%1.67%Average Residential Bill: Effective Month of Increase October October October October October October Stormwater Base Fee $6.52 $6.52 $6.52 $7.06 $7.60 $8.14 $8.28 Stormwater Assessment Fee 5.48 5.48 5.48 5.94 6.40 6.86 6.97 Combined Adjustment N/A 0.00%8.33%7.69%7.14%1.67%Total Stormwater Bill $12.00 $12.00 $12.00 $13.00 $14.00 $15.00 $15.25 Cumulative Adjustment N/A 0.00%8.33%16.67%25.00%27.08%Monthly Increase - Total N/A $0.00 $0.00 $1.00 $1.00 $1.00 $0.25 9,523 9,598 9,673 9,748 9,823 9,898 9,973 1,427 1,427 1,427 1,427 1,427 1,427 1,427 1,691 1,722 1,754 1,785 1,817 1,848 1,880 3,967 3,967 3,967 3,967 3,967 3,967 3,967 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 2019 2020 2021 2022 2023 2024 2025 11) Stormwater EDUs by Class Residential Residential Multi-Family Commercial Non-Residential 1466% 562%706%815% 986% 1502% 0% 200% 400% 600% 800% 1000% 1200% 1400% 1600% 2020 2021 2022 2023 2024 2025 9) All-In Debt Service Coverage All-In Debt Service Coverage Minimum Target - 150% 0%0%0%0%0%0%0% 20% 40% 60% 80% 100% 120% 140% 2020 2021 2022 2023 2024 2025 10) Senior Lien Debt Service Coverage Senior Lien Debt Service Coverage Minimum Required - 115% $12.00 $12.00 $13.00 $14.00 $15.00 $15.25 $0.00 $2.00 $4.00 $6.00 $8.00 $10.00 $12.00 $14.00 $16.00 $18.00 2020 2021 2022 2023 2024 2025 12) Average Monthly Residential bill Total Average Residential Bill City of Edgewater Legislation Text 104 N. Riverside Drive Edgewater, FL 32132 File #:AR-2020-4802,Version:1 COUNCIL AGENDA ITEM SUBJECT: Presentation by Bridgette Vaissiere, Finance Director on Enterprise Funds DEPARTMENT: Finance Department City of Edgewater Printed on 6/3/2020Page 1 of 1 powered by Legistar™ Budget Workshop – Enterprise Funds June 09, 2020 4:00 p.m. Today’s Objective Review proposed Enterprise Fund budget Proposed Utility Rates Current staff addition Capital outlay Capital projects 2 FY2021 Budget Overview Enterprise Funds Water & Sewer 9.0% Increase Solid Waste -14.5% Decrease refuse No change for Recycling from $4.31 (dependent on contract costs) Stormwater No change from $12.00 monthly 3 FY2021 Budget Overview Enterprise Funds – Major Assumptions Rates based on including requested positions and wage increase. These costs are not shown within the salaries and wages line items with the budget at this time until further budget planning is conducted. The cost is being held in a contingent line item until further review. Includes 10% increase in health insurance. 4 Current to Proposed Utility Bill Rate Comparison 5 FY20 FY21 FY20 FY21 FY20 FY21 Storm Water 12.00 12.00 12.00 12.00 12.00 12.00 Refuse "Trash"29.04 24.83 29.04 24.83 29.04 24.83 Recycling 4.31 4.31 4.31 4.31 4.31 4.31 Water Base Rate 13.92 15.17 13.92 15.17 13.92 15.17 Sewer Base Rate 20.20 22.02 20.20 22.02 20.20 22.02 Utility Tax (10% of WA)1.39 1.52 1.39 1.52 1.39 1.52 Total Base Rates 80.86$ 79.85$ 80.86$ 79.85$ 80.86$ 79.85$ Usage Gallons 1,000 1,000 3,000 3,000 6,000 6,000 Water Usage (Consumption) 2.34 2.55 12.46 13.58 37.78 41.18 Sewer Usage (Consumption) 7.95 8.67 23.85 26.00 47.68 51.97 Utility Tax (10% of WA)0.23 0.26 1.25 1.36 3.78 4.12 Total Usage 10.52 11.48 37.56 40.94 89.24 97.27 Total Bill 91.38$ 91.33$ 118.42$ 120.79$ 170.10$ 177.12$ Net percentage Increase / (Decrease)-0.05%2.00%4.13% Net amount Increase / (Decrease)(0.05)$ 2.37$ 7.02$ 1,000 Gallons 3,000 Gallons 6,000 Gallons Water & Sewer Revenues Rate Change Raftelis – Rates recommended Current Rate Study Update Water & Sewer 9.0% Increase Breakdown Charges for Services Increased $ 283,831 Miscellaneous Revenues Decreased ($ 7,501) Mostly related to interest income 6 Water & Sewer Expenses Increases Operating Expenses (Drivers) Transfers to Public works complex fund decreased ($700,000) Charter Reserve set-aside $347,128 Majority of operating expenses had modest increases that were offset by decreases in other costs Wage increases and Position requests TBD if any Total Outstanding Debt $16,698,939 SRF WWTP 2012 SunTrust JCI 2013 BB&T Capital Improvement Note 2014 Utilities System Refunding Rev. Note Series 2016 Vehicle Lease 2017 SRF Reclaim Extension 7 Water & Sewer Requested Positions – on hold to confirm revenue projections Utilities Division Chief $ 98,095 Distribution System Operator x 2 112,206 Total Request: $210,301 8 Water & Sewer Capital Outlay Generators for Lift Stations (3) $250,000 Air Compressor WWTP 30,000 Service Truck FOPS 40,000 SUV 35,000 Backhoe 121,800 Total Request: $476,800 9 Water & Sewer R&R Renewal & Replacement Projects THM Precursor Removal Process at ARTWTP $ 3,500,000 Capital Projects to maintain infrastructure 2,257,394 Safe Room & Hardening @ WTP Bldg 300,000 Safe Room & Hardening @ WWTP Ops Bldg 300,000 Generator replacement WTP 250,000 CDBG Funded Sewer lining project 69,527 Total Projects: $ 6,676,921 Renewal & Replacement Funding SRF (State Revolving Loan Fund) $3,500,000 Water & Sewer Operating Fund Transfer 1,200,000 Water & Sewer Rate Stabilization Transfer 1,307,394 Grant Funded Projects 669,527 Total Funding: $ 6,676,921 10 Solid Waste Revenues Rate Change - PRMG Rate recommendation Refuse Decrease -14.5% Recycling No Increase Breakdown Charges for Service Decreased ($ 404,290) 11 Solid Waste Expenses Decreases Operating Expenses Salaries & Benefits ($260,943) Cost Allocation ($ 48,785) Payment in Lieu of Franchise Fees ($ 24,243) Transfer to Public Works Complex Fund ($280,000) Charter Reserve requirement met FY20 ($154,706) Expenses Increases Debt Service $158,002 Total Outstanding Debt $922,000 Truist Bank Vehicle Financing 2020 12 Solid Waste 13 Requested Positions – on hold to confirm revenue projections Public Works Division Chief $ 98,095 Would be partially funded as follows: Stormwater 40% Refuse 40% Public Works 10% Fleet 10% Stormwater Revenues Rate Change Raftelis– Rate recommendation Hold at $12 per month Breakdown Prior Year Fund Balance $386,031 reserved for Capital projects and capital outlay 14 Stormwater Expenses Increases Operating Expenses Repairs & Maintenance $23,000 Fleet charges $15,168 Total Outstanding Debt $204,802 BB&T Capital Improvement Note 2014 2016 Vehicle Lease 15 Stormwater 16 Requested Positions – on hold to confirm revenue projections Public Works Division Chief $ 98,095 Would be partially funded as follows: Stormwater 40% Refuse 40% Public Works 10% Fleet 10% Stormwater Capital Outlay Menzi-M220 $338,000 F350 Pickup 4x4 32,000 F350 Dump Truck 65,000 UTV 13,000 Total Request - $ 448,000 Capital Projects to Improve and Protect Hart Ave. Stormwater Improvements (Grant $1.8mil) $1,994,234 New Hampshire / New York / Fernald (Grant 100%) $ 779,000 Stormwater Canal Rehab.: FL Shores (phase 1) $ 300,000 Additional projects to maintain infrastructure $ 50,000 Total Request - $3,123,234 17 Summary Enterprise Funds Proposed Budget $ 30,214,450 Water & Sewer $ 12,655,632 W&S Impact Fees $ 368,325 Renewal & Replacement (Capital) $ 6,676,921 Rate Stabilization for R&R $ 1,307,394 Refuse $ 3,577,087 Stormwater $ 2,505,857 Stormwater Capital Projects $ 3,123,234 Budget Workshops and Public Hearing Date Budget Workshop Governmental Funds July 20th at 4 p.m. Tentative Budget Workshop August 24th at 4 p.m. 1st Public Hearing September 14th at 6 p.m. 2nd Public Hearing September 28th at 6 p.m. 18 19 Questions? City of Edgewater Legislation Text 104 N. Riverside Drive Edgewater, FL 32132 File #:AR-2020-4801,Version:1 COUNCIL AGENDA ITEM SUBJECT: Presentation by Brenda Dewees, Director of Environmental Services on Solid Waste Operations DEPARTMENT: Environmental Services City of Edgewater Printed on 6/3/2020Page 1 of 1 powered by Legistar™ Solid Waste Operations Budget Workshop – Enterprise Funds June 4, 2020 Current Operations 1x Week Collection EXISTING EMPLOYEES Team Leader 1 Heavy Equipment Operator 2 Equipment Operator 7 Maintenance Worker 7 TOTAL Employees 17 TRUCKS Garbage 1 25 cy 3 18 cy Yard Waste 2 18 cy Clam Trucks 1 2 Current Operations 1x Week Collection Customers Stops per Truck Monday 2,435 609 Tuesday 2,717 679 Thursday 2,676 669 Friday 2,263 566 Total Stops/Customers 10,091 3 Alternate Operations 2x Week Collection PROPOSED EMPLOYEES Team Leader 1 Heavy Equipment Operator 2 Equipment Operator 9 Maintenance Worker 9 TOTAL Employees 21 TRUCKS Garbage 1 25 cy 6 18 cy Yard Waste 2 18 cy Clam Trucks 1 4 Alternate Operations 2x Week Collection Customers Stops per Truck Monday/Thursday 5,111 730 Tuesday/Friday 4,980 711 Total Stops/Customers 10,091 5 Summary Once Week Pickup Twice Week Pickup TEAM LEADER 1 1 HEAVY EQUIPMENT OPERATOR 2 2 EQUIPMENT OPERATOR 7 9 MAINTENANCE WORKER 7 9 TOTAL Employees 17 21 Garbage Trucks 4 7 Yard Waste Trucks 2 2 Clam Trucks 2 2 Total Stops/Customers Total Stops Stops per Truck Total Stops Stops per Truck Monday 2,435 609 5,111 730 Tuesday 2,717 679 4,980 711 Thursday 2,676 669 5,111 730 Friday 2,263 566 4,980 711 6 Summary •Need to Hire Four Equipment Operators •Current Operations Work 9-10 hours •Alternate Operations Require 100+ Add’l Stops •566-679 to 711-730 •Alternate Operations will Require Overtime 7