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06-29-2020 - Budget WorkshopCity Council City of Edgewater Meeting Agenda 104 N. Riverside Drive Edgewater, FL 32132 Council Chambers4:00 PMMonday, June 29, 2020 Workshop - Budget - Utilities (Water & Sewer) We respectfully request that all electronic devices are set for no audible notification. 1. CALL TO ORDER and ROLL CALL 2. PRESENTATIONS Presentation by Henry Thomas and Shawn Ocasio of Raftelis on the Utility Rate Study - Water & Sewer a. Utility Rate Design Presentation - June 29th Workshop - 2020Attachments: 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 6/18/2020 City of Edgewater Legislation Text 104 N. Riverside Drive Edgewater, FL 32132 File #:AR-2020-4822,Version:1 COUNCIL AGENDA ITEM SUBJECT: Presentation by Henry Thomas and Shawn Ocasio of Raftelis on the Utility Rate Study - Water & Sewer DEPARTMENT: City Clerk/Paralegal City of Edgewater Printed on 6/18/2020Page 1 of 1 powered by Legistar™ CITY OF EDGEWATER Fiscal Year 2020 Utility Rate Study Update -Water and Wastewater Rate Design Analysis- Presented on June 29th, 2020 Background •June 9th Workshop to Review Rate Study Update ▫Customer, Sales, and Revenue Projections ▫Operating Expenses, Debt Payments, Transfers, Capital Improvement Program Funding Plan, and Compliance ▫Identified Rate Adjustment Needs •Scope of Services Included a Task to Review Alternative Water and Wastewater Rate Structures •Council Discussion on Rate Design Issues ▫Potable Water – Changes to Pricing Tiers ▫Wastewater – Billing Cap or Tiered Rate 2 Revisions to Financial Forecast •Charter Reserve Deposit for 2020 to Be Delayed One Year to Allow Phase in of Rate Increases •Rate Increases Presented on June 9th Were Revised to Phase the Customer Bill Impacts Over Time 3 Description June 9th Financial Forecast Results Revised Financial Forecast Results Effective Year Water Wastewater Water Wastewater October 2020 (FY 2021) 9.00% 9.00% 6.00% 6.00% October 2021 (FY 2022) 3.00% 3.00% 6.00% 6.00% October 2022 (FY 2023) 3.00% 3.00% 4.00% 4.00% October 2023 (FY 2024) 3.00% 3.00% 3.00% 3.00% October 2024 (FY 2025) 3.00% 3.00% 3.00% 3.00% Revised Financial Forecast Results 4 $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 Revised Financial Forecast Results 5 $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 Revised Financial Forecast Results 6 $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 Revised Financial Forecast Results 7 201% 276% 319% 309% 243% 237% 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%) Rate Design Tasks •Step 1 – Detailed Review of Water and Wastewater Customer Billing Statistics by Customer Class ▫Bill Frequency Analysis – Count of Bills Rendered by Usage Level ▫Usage Distribution Analysis – Total Usage Billed per 1,000 Gallon Increments •Step 2 – Develop Revenue Neutral Rate Alternatives ▫Rate Design Alternatives Based on 2020 Rate Levels •Step 3 – Increases Revenue Neutral Rates by 6% to Reflect the Rate Phasing Plan •Step 4 – Prepare Bill Impact Analysis 8 Bill Frequency Analysis 9 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% 100.00% 0 5,000 10,000 15,000 20,000 25,000 30,000 Bill Frequency Analysis - Residential Single Family Bills Rendered Cumulative Bills •6% of Bills Rendered at 0 Gallons per Month •30% of Bills Rendered Between 1,000 -2,000 Gallons per Month •47% of Bills Rendered Between 2,001 – 5,000 Gallons per Month •15% of Bills Rendered Between 5,001 – 10,000 Gallons per Month •2% of Bills Rendered Above 10,000 Gallons per Month Average Residential Monthly Usage of Approximately 3,200 Gallons per Month Usage Distribution Analysis 10 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% 100.00% 0 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 120,000,000 Usage Distribution Analysis - Residential Single Family Billed Flow Cumulative Flow •51% of Billed Flow at 2,000 Gallons per Month or Less •35% of Billed Flow at 2,001 - 5,000 Gallons per Month •10% of Billed Flow at 5,001 – 10,000 Gallons per Month •4% of Billed Flow Above 10,000 Gallons per Month Existing Rate Structure 11 Residential Single Family Description Block Ranges Water Tier Price Multiplier Wastewater Base ¾” Meter $13.92 N/A $20.20 Tier 1 0 – 2,000 $2.34 1.00x $7.95 Tier 2 2,001 – 5,000 $7.78 3.32x $7.95 Tier 3 5,001 – 10,000 $9.74 4.16x $7.95 Tier 4 10,001+ $12.16 5.20x $7.95 Existing Rate Structure 12 Residential Multi-Family Description Block Ranges Water Tier Price Multiplier Wastewater Base Per Unit $10.46 N/A $15.16 Tier 1 0 – 2,000 $2.34 1.00x $7.95 Tier 2 2,001 – 5,000 $7.78 3.32x $7.95 Tier 3 5,001 – 10,000 $9.74 4.16x $7.95 Tier 4 10,001+ $12.16 5.20x $7.95 Note - 95% of Billed Multi-Family Usage Falls Within the First Two Blocks Existing Rate Structure (Cont.) 13 Commercial Base Charges Description Water Wastewater ¾” Meter $13.92 $20.20 1” Meter $34.83 $50.52 1 ¼” Meter $48.76 $70.82 1 ½ ” Meter $69.65 $101.04 2” Meter $111.45 $161.68 3” Meter $222.88 $323.32 4” Meter $348.26 $505.19 6” Meter $696.85 $1,010.39 8” Meter $1,114.43 $1,616.62 Existing Rate Structure (Cont.) 14 Commercial Usage Charges Description Block Ranges [*] Water Wastewater 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 [*] Block ranges for meter sizes larger than ¾” increase based on meter equivalency factors. The most common larger meter sizes are shown below. Description Tier 1 Tier 2 Tier 3 Tier 4 1” Meter 0–5,000 5,001–13,000 13,001–25,000 25,000+ 1.5” Meter 0–10,000 10,001–25,000 25,001–50,000 50,000+ 2” Meter 0–16,000 16,000–40,000 40,001–80,000 80,000+ 3” Meter 0–32,000 32,001–80,000 80,001–160,000 160,000+ 4” Meter 0–50,000 50,000–125,000 125,001–250,000 250,000+ Rate Design Alternatives 15 •Water Rate Alternative ▫Keep Existing Base Charges ▫Combine Tier 1 and Tier 2 Blocks Into One Block and Blend Usage Rates to an Average Rate ▫Keep Tier 3 and Tier 4 at Current Levels •Wastewater Rate Alternative 1 ▫Keep Existing Base Charges ▫Cap Residential Billed Flows at 12,000 Gallons per Month •Wastewater Rate Alternative 2 ▫Keep Existing Base Charges ▫Develop Tiered Wastewater Rate Structure with Declining Rate Starting After 12,000 Gallons per Month Water Rate Design Alternative 16 Residential Single Family Description Block Ranges Existing Proposed Base ¾” Meter $13.92 $13.92 Tier 1 0 – 2,000 $2.34 $4.04 Tier 2 2,001 – 5,000 $7.78 $4.04 Tier 3 5,001 – 10,000 $9.74 $9.74 Tier 3 10,001+ $12.16 $12.16 Residential Multi-Family Description Block Ranges Existing Proposed Base Per Unit $10.46 $10.46 Tier 1 0 – 2,000 $2.34 $4.04 Tier 2 2,001 – 5,000 $7.78 $4.04 Tier 3 5,001 – 10,000 $9.74 $9.74 Tier 3 10,001+ $12.16 $12.16 Water Rate Design Alternative (Cont.) 17 Commercial Description Block Ranges Existing Proposed Base ¾” Meter $13.92 $13.92 Tier 1 [*] 0 – 2,000 $2.34 $4.04 Tier 2 [*] 2,001 – 5,000 $7.78 $4.04 Tier 3 [*] 5,001 – 10,000 $9.74 $9.74 Tier 3 [*] 10,001+ $12.16 $12.16 [*] Block ranges for meter sizes larger than ¾” increase based on existing meter equivalency factors. Wastewater Rate Design Alternative 1 18 Residential Single Family / Multi-Family Description Block Ranges Water Base ¾” Meter / Per Unit $20.20 /$15.16 Tier 1 0 – 12,000 / 0 – 9,000 $8.17 Tier 2 12,001+ / 9,000+ $0.00 Commercial Description Block Ranges Water Base ¾” Meter $20.20 Usage All Flow $8.17 Wastewater Rate Design Alternative 2 19 Residential Single Family / Multi-Family Description Block Ranges Water Base ¾” Meter / Per Unit $20.20 /$15.16 Tier 1 0 – 12,000 / 0 – 9,000 $8.00 Tier 2 12,001+ / 9,000+ $6.00 Commercial Description Block Ranges Water Base ¾” Meter $20.20 Usage All Flow $8.00 Bill Impact Analysis - Water 20 Residential Monthly Bill Comparison Usage Existing Alternative $ Change % Change % of Bills [*] 0 $13.92 $13.92 $0.00 0.0% 5.95% 1,000 $16.26 $17.96 $1.70 10.5% 12.59% 2,000 $18.60 $22.00 $3.40 18.3% 17.68% 3,000 $26.38 $26.04 ($0.34) (1.3%) 19.53% 4,000 $34.16 $30.08 ($4.08) (11.9%) 15.93% 5,000 $41.94 $34.12 ($7.82) (18.6%) 11.09% 6,000 $51.68 $43.86 ($7.82) (15.1%) 6.64% 7,000 $61.42 $53.60 ($7.82) (12.7%) 3.91% 8,000 $71.16 $63.34 ($7.82) (11.0%) 2.34% 9,000 $80.90 $73.08 ($7.82) (9.7%) 1.41% 10,000 $90.64 $82.82 ($7.82) (8.6%) 0.87% [*] Usage Levels Shown Represent 98% of Residential Bills Rendered Bill Impact Analysis – Wastewater Alt. 1 21 Residential Monthly Bill Comparison with 12,000 Gallon Billing Cap Usage Existing Alternative $ Change % Change % of Bills [*] 0 $20.20 $20.20 $0.00 0.0% 5.95% 1,000 $28.15 $28.37 $0.22 0.8% 12.59% 2,000 $36.10 $36.54 $0.44 1.2% 17.68% 3,000 $44.05 $44.71 $0.66 1.5% 19.53% 4,000 $52.00 $52.88 $0.88 1.7% 15.93% 5,000 $59.95 $61.05 $1.10 1.8% 11.09% 6,000 $67.90 $69.22 $1.32 1.9% 6.64% 7,000 $75.85 $77.39 $1.54 2.0% 3.91% 8,000 $83.80 $85.56 $1.76 2.1% 2.34% 9,000 $91.75 $93.73 $1.98 2.2% 1.41% 10,000 $99.70 $101.90 $2.20 2.2% 0.87% 11,000 $107.65 $110.07 $2.42 2.2% 0.54% 12,000 $115.60 $118.24 $2.64 2.3% 0.37% 14,000 $131.50 $118.24 ($13.26) (10.1%) 0.18% 16,000 $147.40 $118.24 ($29.16) (19.8%) 0.09% [*] Usage Levels Shown Represent 99% of Residential Bills Rendered Bill Impact Analysis – Wastewater Alt. 2 22 Residential Monthly Bill Comparison with Declining Tiered Rate at 12,000 Gallons Usage Existing Alternative $ Change % Change % of Bills [*] 0 $20.20 $20.20 $0.00 0.0% 5.95% 1,000 $28.15 $28.20 $0.05 0.2% 12.59% 2,000 $36.10 $36.20 $0.10 0.3% 17.68% 3,000 $44.05 $44.20 $0.15 0.3% 19.53% 4,000 $52.00 $52.20 $0.20 0.4% 15.93% 5,000 $59.95 $60.20 $0.25 0.4% 11.09% 6,000 $67.90 $68.20 $0.30 0.4% 6.64% 7,000 $75.85 $76.20 $0.35 0.5% 3.91% 8,000 $83.80 $84.20 $0.40 0.5% 2.34% 9,000 $91.75 $92.20 $0.45 0.5% 1.41% 10,000 $99.70 $100.20 $0.50 0.5% 0.87% 11,000 $107.65 $108.20 $0.55 0.5% 0.54% 12,000 $115.60 $116.20 $0.60 0.5% 0.37% 14,000 $131.50 $128.20 ($3.30) (2.5%) 0.18% 16,000 $147.40 $140.20 ($7.20) (4.9%) 0.09% [*] Usage Levels Shown Represent 99.5% of Residential Bills Rendered Bill Impact Analysis – Water and Wastewater Alternative 1 23 Bill Impact Analysis – Water and Wastewater Alternative 2 24 Observations and Conclusions •Low Average Monthly Usage ▫3,200 Gallons per Month for Single Family Residential ▫3,600 Gallons per Month System Average (Excluding Wholesale) •Low Number of Commercial Accounts to Total Accounts ▫– 516 Accounts or Approx. 4.7% of Total System •Low Average Usage Per Account and Low Number of Commercial Accounts Limits Flexibility to Make Structure Changes and Increases Sensitivity to Structure Changes 25 Observations and Conclusions (Cont.) •Water Bills Terminating in 1,000 – 2,000 Will Experience Bill Increases From Water Rate Structure Changes ▫Water Bill Increases of 10.5% - 18.3% Per Month ▫Approximately 30% of Residential Water Bills Rendered •Water Bills Terminating in Remaining Blocks Will Experience Bill Decreases or No Change from Water Rate Structure Changes ▫6% of Bills Rendered Experience No Change in Bill ▫64% of Bills Rendered Experience a Decrease in Bill Decreases of Up to 18.6% 26 Observations and Conclusions (Cont.) •Wastewater Bills Terminating in 1,000 – 12,000 Will Experience Bill Increases From Cap Implementation ▫Wastewater Bill Increases of 0.8% - 2.3% Per Month ▫Approximately 93% of Residential Wastewater Bills Rendered Fall Within This Usage Level •Wastewater Bills Terminating at 0 Gallons or Above 12,000 Gallons Per Month Will Experience Either No Change or Bill Decreases From Cap Implementation ▫6% of Bills Rendered Experience No Change in Bill ▫1% of Bills Rendered Experience a Decrease in Bill 27 Observations and Conclusions (Cont.) •Wastewater Bills Terminating in 1,000 – 12,000 Will Experience Bill Increases From Declining Tier Rate Implementation ▫Wastewater Bill Increases of 0.2% - 0.5% Per Month ▫Approximately 93% of Residential Wastewater Bills Rendered Fall Within This Usage Level •Wastewater Bills Terminating at 0 Gallons or Above 12,000 Gallons Per Month Will Experience Either No Change or Bill Decreases From Declining Tier Rate Implementation ▫6% of Bills Rendered Experience No Change in Bill ▫1% of Bills Rendered Experience a Decrease in Bill 28 Discussions & Questions 29