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HomeMy WebLinkAbout5.F.7. 2011 Sewer and Storm Utility Budgets and RatesCITY OF SHAKOPEE Memorandum TO: Mayor and Council Mark McNeill, City Administrator FROM: Gregg Voxland, Finance Director SUBJ: 2011 Sewer and Storm Utility Budgets and Rates DATE: October 22, 2010 Proposed for inclusion in the 2011 Fee Schedule are rate changes for the Sewer Fund and the Surface Water Fund. Council has reviewed the operational budget for the two funds which is similar to this year with increasing costs to maintain the storm drainage system. The capital expenditures for the funds were reviewed with the Capital Improvement Plan. Financial position (cash and investments) of the utility funds are measured against the accumulated depreciation of the assets in those funds. This excludes the trunk account portion of monies in the funds. Council was advised by former auditors Delloitte and Touche to have at least as much cash saved as accumulated depreciation to pay for at least part of the replacement cost of depreciating assets. Sewer Fund It is proposed that the base fee of $7.00 per billing cycle be decreased to $5.00. This would be a decrease in revenue of about $210,000. Decreasing this part of the rate structure has a greater relative benefit to small users (residential accounts) than larger users. This supports conservation efforts by relying more on the flow fee. The Sewer Fund has a healthy cash balance. It is recommended to increase the flow charge for sewer. The 2010 flow charge is $1.98 per thousand gallons and it is recommended to increase it to match the charge the city pays to treat the sewage, which is $2.03 per thousand gallons. Metropolitan Council (MCES) is raising the treatment charge from $1.98 per thousand gallons to $2.03 per thousand gallons for an increase of 2.5 %. The treatment cost for 2011 is budgeted at $2,478,713 compared to $2,318,450 for 2010. With the proposed flat rate decrease, an average residential user's bill would go from $20.86 per month to $19.21 total for both flat fee and flow fee based on 7,000 gallons per month (8% decrease). The rate for Whispering Oaks subdivision is higher because it flows to the City of Savage collection system and pays City of Savage rates. Metro SAC credits for Rahr coming off line are shown in the budget. An estimated $500,000 is shown. The city will be /has been receiving this money ($3,000,000) over a number of years as SAC charges are collected with building permits but because of the credit, the city keeps the money instead of sending it to the Met Council. The money is included in the Sewer Fund. By statute, the money needs to be used for sewer purposes. j Sewer Fund Alternatives 1. Maintain same base rate as 2010. 2. Decrease base rate $2.00. 3. Maintain same flow rate as 2010. 4. Charge same flow rate as MCES ($2.03). 5. Adopt different rates. Surface Water (Storm) Fund A decrease in the rate is recommended at this time. The current rate per month is $2.69 for a residence. A 15% decrease from $2.69 to $2.29 is recommended based on the cash position of the fund at this time. A single family house is one third of an REF (residential equivalence factor). This fund also has a healthy cash balance . Surface Water (Storm) Alternatives 1. Maintain rates the same as 2010. 2. Decrease Storm rates 15 %. 3. Adopt different rates. Recommendations 1. Reduce the flat rate for sewer by $2.00 and increase the flow rate $0.05. 2. Reduce storm rate by 15 %. Action requested Move to accept the Sewer and Surface Water Funds budgets and direct staff to include in the 2011 Fee Schedule the rates of: $5.00 for the Sewer base rate. Sewer flow fee of $2.03 per 1,000 gallons of water use /flow and $3.63 for those accounts served by City of Savage sewer system. A flat fee for unmetered residential accounts of $19.21. $6.87 per residential equivalent factor per acre per billing cycle for the Surface Water Fund. J rf gg Voxland Finance Director TRUNK: Cash Balance January 1 Revenue - City SAC Revenue - Trunk Charges Expenditures per List - SEWER -T Excess (Deficiency) Balance Available 12131 BASE: Cash Balance January 1 Revenue - Monthly Flat Fee Revenue - Flow charges Metro SAC Credits Revenue - Interest Operation Expenses Treatment Costs Capital Equipment Transfer to General Fund Expenditures per List - SEWER -B Excess (Deficiency) Balance Available 12131 Total Balance 12/31 Sanitary Sewer Fund Projected Cash Levels 2011 -2015 Capital Improvement Program City of Shakopee, Minnesota 2011 2012 2013 $ 1,014,200 $ 100,000 20,000 120,000 1,134,200 13,541,400 598,000 1,928,000 500,000 363,890 (669,090) (2,478,710) (55,000) (50,000) (980,000) (842,910) 12,698,490 $ 13,832,690 $ 1,134,200 $ 80,000 20,000 (180,000) (80,000) 1,054,200 12,698,490 598,000 1,985,840 500,000 345,820 (679,340) (2,553,000) (250, 000) (50,000) (390,000) (492,680) 12,205,810 13,260,010 $ 1,054,200 $ 80,000 20,000 (170,000) (70,000) 984,200 12,205,810 598,000 2,045,415 300,000 331,500 (713,307) (2,629,590) (50,000) (240, 000) (357,982) 11,847,828 12,832,028 $ Accumulated Depreciation $ 9,912,418 $ 10,662,418 $ 11,412,418 2014 984,200 $ 80,000 20,000 (200,000) (100,000) 884,200 11,847,828 598,000 2,106,778 320,800 (748,972) (2,708,478) (50,000) (20, 000) (501,872) 11,345,956 12,230,156 $ 2015 884,200 80,000 20,000 100,000 984,200 11,345,956 598,000 2,169,981 305,750 (786,421) (2,789,732) (50,000) (275,000) (827,422) 10,518,534 11,502,734 R5509BUD SHOO1PV CITY OF SHAKOPEE By Company (pb), Object (2 Yr Bdgt) - Portrait Budget Report Fiscal Period: 9 / 10 Level Of Rollup 5 2008 2009 9/30/2010 2010 2011 2012 Actual Actual YTD Final Proposed Proposed Object Code / Description Amount Amount Actual Budget Budget Budget 07100 SEWER FUND 4000 REVENUES AND EXPENDITURES 4001 REVENUES 4100 SPECIAL ASSESSMENT 22,579- 19,358- 25,330- 15,000- 10,000- 8,000- 4500 CHARGES FOR SERVICE 2,556,259- 3,466,524- 2,181,087- 2,716,000- 3,146,000- 3,183,840- 4830 MISCELLANEOUS 777,230- 544,252- 187,365 600,000- 353,890- 339,920- 4970 CAPITAL CONTRIBUTIONS 603,716- 176,647- 4001 REVENUES 3,959,785- 4.206.781 2,019,053- 3,331,000- 3,509,890- 3,531,760- 6000 EXPENDITURES 6001 WAGES & BENEFITS 232,208 259,670 200,484 272,730 274,410 292,550 6200 SUPPLIES AND SERVICES 2,365,161 2,415,223 1,987,667 2,669,870 2,873,390 2,939,790 6500 DEPRECIATION 707,395 718,027 750,000 750,000 750,000 6600 MISCELLANEOUS 5,200 2,500 6700 CAPITAL OUTLAY 184,952 55,000 55,000 250,000 6000 EXPENDITURES 3,304,764 3,398,120 2,375,603 3,747,600 3,952,800 4,232,340 8005 TOTAL TRANSFERS IN 8050 TOTAL TRANSFERS OUT 8052 TRANSFERS OUT 8050 TOTAL TRANSFERS OUT 8100 GAIN /LOSS ON DISPOSAL OF ASSET 8101 PROCEEDS FROM SALE (GAIN /LOSS) 8100 GAIN /LOSS ON DISPOSAL OF ASSET 4000 REVENUES AND EXPENDITURES 07100 SEWER FUND 39,819 204,782 39,819 204,782 4,000 4,000 50,000 50,000 11/4/2010 9:22:35 Page - 1 50,000 50,000 50,000 50,000 611,202- 603,878- 356,550 466,600 492,910 750,580 611,202- 603,878- 356,550 466,600 492,910 750,580 TRUNK: Cash Balance January 1 Revenue - Trunk Charges Expenditures per List - Storm -T Excess (Deficiency) Balance 12/31 BASE: Cash Balance January 1 Revenue - User Fees Revenue - Grant Revenue - Interest Operation Expenses Capital Equipment MDOT Payment Transfer to General Fund Expenditures per List Expenditures per List - Grant Excess (Deficiency) Balance 12/31 Total Balance 12/31 Accumulated Depreciation Surface Water Fund Projected Cash Levels 2011 -2015 Capital Improvement Program City of Shakopee, Minnesota 2011 $ 5,143,510 20,000 20,000 5,163,510 12,211,420 1,091,000 433,870 (759,900) (120,000) (50,000) (525,000) 69,970 12,281,390 $ 17,444,900 $ $ 10,121, 760 $ 2012 $ 5,163,510 $ 20,000 (410,000) (390,000) 4,773,510 12,281,390 981,900 436,120 (780,610) (50,000) 587,410 12,868,800 17,642,310 10,801,760 2013 4,773,510 $ 20,000 20,000 4,793,510 12,868,800 981,900 441,060 (819,641) (275,000) (50, 000) (50,000) 228,320 13,097,120 $ 17,890,630 $ $ 11,481,760 2014 2015 4,793,510 $ 4,813,510 20,000 20,000 20,000 20,000 4,813,510 4,833,510 13,097,120 12,485, 667 981,900 981,900 500,000 447,270 432,480 (860,623) (903,654) (50,000) (50,000) (1,630,000) (310,000) (611,453) 150,726 12,485,667 12,636,393 17,299,177 $ 17,469,903 R55098UD SH001PV CITY OF SHAKOPEE By Company (pb), Object (2 Yr Bdgt) - Portrait Budget Report Fiscal Period: 9 / 10 Level Of Rollup 5 8005 TOTAL TRANSFERS IN 8050 TOTAL TRANSFERS OUT 8052 TRANSFERS OUT 72,333 149,340 8050 TOTAL TRANSFERS OUT 72,333 149,340 50,000 50,000 11/4/2010 10:46:55 Page - 1 2008 2009 9/30/2010 2010 2011 2012 Actual Actual YTD Final Proposed Proposed Object Code / Description Amount Amount Actual Budget Budget Budget 07300 SURFACE WATER FUND 4000 REVENUES AND EXPENDITURES 4001 REVENUES 4500 CHARGES FOR SERVICE 1,379,821- 1,405,560- 797,765- 1,239,000- 1,111,000- 1,111,000- 4830 MISCELLANEOUS 820,293- 537,239- 218,439 600,000- 386,000 380,000- 4970 CAPITAL CONTRIBUTIONS 13,800- 144,420- 4001 REVENUES 2,213,915- 2,087,220- 579,326- 1,839,000- 1,497,000- 1,491,000- 6000 EXPENDITURES 6001 WAGES & BENEFITS 308,800 363,122 232,665 342.850 336,520 363,920 6200 SUPPLIES AND SERVICES 478,939 248,099 374.944 361,220 423,380 416,690 6500 DEPRECIATION 647,637 653,041 680,000 680,000 680,000 6600 MISCELLANEOUS 80 6700 CAPITAL OUTLAY 250,000 6000 EXPENDITURES 1,435,376 1,264,263 607,689 1,384,070 1,689,900 1,460,610 50,000 50,000 50,000 50,000 8100 GAIN /LOSS ON DISPOSAL OF ASSET 4000 REVENUES AND EXPENDITURES 706,205- 673,617- 28,363 404,930- 242,900 19,610 07300 SURFACE WATER FUND 706,205- 673,617- 28,363 404,930- 242,900 19,610