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Home My WebLink About2016-04-21 - Board of Directors Meeting Agenda Packet ora Linda Water District AGENDA YORBA LINDA WATER DISTRICT BOARD OF DIRECTORS WORKSHOP MEETING Thursday, April 21, 2016, 10:00 AM 1717 E Miraloma Ave, Placentia CA 92870 1. CALL TO ORDER 2. PLEDGE OF ALLEGIANCE Ric Collett, President Michael J. Beverage, Vice President Phil Hawkins Robert R. Kiley Gary T. Melton 3. INTRODUCTIONS AND PRESENTATIONS 3.1. Presentation from OmniEarth/Dropcountr Regarding Grant Opportunity for Water Consumption Analytics 4. PUBLIC COMMENTS Any individual wishing to address the Board is requested to identify themselves and state the matter on which they wish to comment. If the matter is on the agenda, the Board will recognize the individual for their comment when the item is considered. No action will be taken on matters not listed on the agenda. Comments are limited to matters of public interest and matters within the jurisdiction of the Water District. Comments are limited to three minutes. 5. DISCUSSION ITEMS This portion of the agenda is for matters that cannot reasonably be expected to be concluded by action of the Board of Directors at the meeting, such as technical presentations, drafts of proposed policies, or similar items for which staff is seeking the advice and counsel of the Board of Directors. Time permitting, it is generally in the District's interest to discuss these more complex matters at one meeting and consider formal action at another meeting. This portion of the agenda may also include items for information only. 5.1. Scheduling of Future Presentation from HomeServe Regarding Services Offered 5.2. Draft FY 2016/17 Operating Budget (Materials to be provided at the meeting.) 6. ADJOURNMENT 6.1. The next Regular Board of Directors Meeting will be held Thursday, April 28, 2016 at 8:30 a.m. Items Distributed to the Board Less Than 72 Hours Prior to the Meeting Pursuant to Government Code section 54957.5, non-exempt public records that relate to open session agenda items and are distributed to a majority of the Board less than seventy-two (72) hours prior to the meeting will be available for public inspection in the lobby of the District's business office located at 1717 E. Miraloma Avenue, Placentia, CA 92870, during regular business hours. When practical, these public records will also be made available on the District's internet website accessible at http://www.ylwd.com/. Accommodations for the Disabled Any person may make a request for a disability-related modification or accommodation needed for that person to be able to participate in the public meeting by telephoning the Executive Secretary at 714-701-3020, or writing to Yorba Linda Water District, P.O. Box 309, Yorba Linda, CA 92885-0309. Requests must specify the nature of the disability and the type of accommodation requested. A telephone number or other contact information should be included so the District staff may discuss appropriate arrangements. Persons requesting a disability-related accommodation should make the request with adequate time before the meeting for the District to provide the requested accommodation. ITEM NO. 5.1 AGENDA REPORT Meeting Date: April 21, 2016 Subject: Scheduling of Future Presentation from HomeServe Regarding Services Offered ATTACHMENTS: Description: Type: Correspondence.pd Backup Material Backup Material From: Andrew Healy To: YLWD Board of Directors Subject: Schedule a short meeting Date: Tuesday,April 19,2016 5:25:28 PM Yorba Linda Water District Board Members, My name is Andy Healy and I am the Director of Business Development for HomeServe. I'm reaching out to schedule a short meeting to inform you how my company can help your customers. HomeServe offers water&sewer protection plans that cover the lines owned by your customers. As you probably know, these lines are rarely covered under homeowners insurance nor is the YLWD responsible for these lines. However, YLWD can offer low cost coverage for their customers that can also generate a significant ongoing revenue stream for YLWD (over$500k). With YLWD offering this service, you can control the messaging, maintain high customer service standards and recognize a significant new revenue stream. Most of the larger water districts &cities across the country are offering these plans, deciding it was in their best interest to offer the program rather than allow unauthorized solicitations to their customers. Currently in California, we have partnered with leading water&sewer service providers such as Cal Water, San Jose Water,Alameda County Water District and Contra Costa Water District, among others. These types of plans are endorsed by the National League of Cities &AARP and are at no cost to YLWD, as we administer the program and are responsible for all aspects of the program including marketing, billing, customer service, and performing all repairs to local code. We also contribute to local economic development by utilizing a select group of local contractors to service your customers. These contractors are held to extraordinarily high standards with drug testing, criminal background checks, and financial stability mandates. I am hoping to get 10-15 minutes of your time in early May to introduce myself and discuss how HomeServe may benefit YLWD. Please let me know what may work for you and I'll adjust my schedule accordingly. Most sincerely, Andrew M. Healy, M.B.A. Director of Business Development C: 503.597-9171 1 E: andrew.healy(aD_homeserveusa.com HomeServe USA I homeserveusa.com ITEM NO. 5.2 AGENDA REPORT Meeting Date: April 21, 2016 Subject: Draft FY 2016/17 Operating Budget (Materials to be provided at the meeting.) ATTACHMENTS: Description: Type: Backup Material Distributed Less Than 24 Hours Prior to Budget Presentation.pdf Backup Material the Meeting Backup Material Distributed Less Than 24 Hours Prior to the Meeting Yorba Linda Water District SOP, MP Budget Workshop #2 FY 2016/ 17 Presented By: Marc Marcantonio, General Manager Delia Lugo, Finance Manager Cindy Botts, Management Analyst Kelly McCann, Senior Accountant L Backup Material Distributed Less Than 24 Hours Prior to the Meeting What Will Change for FY 2016/ 17? • 65% GW Available - N9, a. p , .., 4-0 r g, • GWRS Phase 2/ Loss of Revenue/ Purchase of 55k AF of MWD water to Replenish Basin • MWDOC Rate Change- estimated (-$ 14K) for Retail Connection Charge • OCWD increase additional $ 1 -2 on RA above $402. • MWD- annual increase of 4% for FYI 6/ 17 & FY 17/ 18., 4.5% annual increase for next 8 FYs _ .4 zz Backup Material Distributed Less Than 24 Hours Prior to the Meeting Key Budget Assumptions Total Volume of Water Purchased OCW D RA Blended Rate MW DOC Blended Rate Water Purchase Related Fixed Costs SW RCB Fines Estimated at $500/day-515 days Other Operating Revenue- Penalties Excluded 17,030 A F $434/A F $1 ,080/$1 ,; $1 .7M $257,500 r z Backup Material Distributed Less Than 24 Hours Prior to the Meeting Budget Summary (Water & Sewer) Revenue Total Operating Revenue Total Non-Operating Revenue Total Revenue Expenses Variable Water Costs Salary-Related Expenses Supplies & Services Total Operating Expenses Total Non- Operating Expenses Total Expenses Income Before Depreciation & Capital Contributh Depreciation Capital Contributions Income (Loss) lit Forzcast- dget v W 15/16) (FY 15/16) (FY 16/17) $30,445,658 $2,095,155 $32,540,813 $12,080,410 $8,964,218 $7,564,117 $31,912,345 $2,413,906 $34,326,251 $10,808,529 $8,250,027 $4,135,308 $32,758,718 $2,181,525 $34,940,243 $13,075,878 $9,138,228 $9,320,570 $28,608,745 $23,193,864 $31,534,675 $1,677,685 $1,719,203 $1,744,884 $30,286,430 $2,254,384 $7,350,000 $0 ($5,095,616) $24,913,067 $9,413,184 $7,567,631 $182,472 $2,028,025 $33,279,559 $1,660,684 $7,561,272 $0 ($5,900,588) Backup Material Distributed Less Than 24 Hours Prior to the Meeting Percent of Operating Budget 0 l A 33% Variable Costs Supplies & Services Backup Material Distributed Less Than 24 Hours Prior to the Meeting Variable Water Costs • FY 15/16 Budget to Actual: ($1 .27M) = 3% Less in Demand = 11 % Less in Costs • ($986K): Water Costs Only — Increased GW & CUP Pumped Later In Year FY 16/17: Assuming 3% Demand Above FY15/16 Budget 19 • Cost = 8% Above FY15/16 Budget Cost--OCWD/MWD Rate Increases/65% GW • Cost = 21 % Above FY15/16 Actual Cost— GW Savings not Guaranteed FY 15/16 ° - FY 15/16 (Actua 1136 B ° of. FY 16/17 Budget °°� ~r - r d' Thru Mar Apr- Fixed el ~k G " Fixed _ GW) mod' -- (Butt) J e /..� Costs (70% G=s. (65% _ _costs _ Tota I Demand (AF) 16,534 16,058 17,030 17,030 Water& Power($) $12,080,409.94 $ 10,808,529.30 $ 12,710,504.38 $13,075,877.58 Water Only $ 9,111,464.51 75% $ 8,125,028.58 75% $ 9,820,547.34 77°° $ 10,177,215.39 78% Fixed Costs $ 1,565,541.30 13% $ 1,565,541.30 14% $ 1,575,605.64 12% $ 1,698,511.13 13% Power $ 1,403,404.13 12% $ 1,117,959.42 10% $ 1,314,351.40 10% $ 1,200,151.06 9% Demand Comp to Budget -3% 3% 3% •Above Budget ($) -11% 5% 8% •Above Actual ($) 18% 21% • FY 15/16 Budget to Actual: ($1 .27M) = 3% Less in Demand = 11 % Less in Costs • ($986K): Water Costs Only — Increased GW & CUP Pumped Later In Year FY 16/17: Assuming 3% Demand Above FY15/16 Budget 19 • Cost = 8% Above FY15/16 Budget Cost--OCWD/MWD Rate Increases/65% GW • Cost = 21 % Above FY15/16 Actual Cost— GW Savings not Guaranteed Backup Material Distributed Less Than 24 Hours Prior to the Meeting Variable Water Costs- Potential Pass-through Costs Apk C ,5-a7 5 - Allows Pass-through of Increased Water Supply Costs Only - No Power Costs Allowed - Increases OR Decrec • Net Cash Flows for FY 2015/ 16 - Pays for Existing Capital Improvement Projects ( Fairmont BPS) - Increased Costs from OCWD/MWD with NO Pas through = Less $ for CIP Backup Material Distributed Less Than 24 Hours Prior to the Meeting Variable Water Costs- Potential Pass-through Costs Water-Related Costs Fixed Costs Y 2015/16 Budget $ 911111465 $ 115651541 FAY 15/16 FY Forecast Budget $ 811251029 $ 1011771215 $ 115651541 $ 116981511 Power-Related Costs $ 114031404 $ 111171959 $ 112001151 TOTAL $ 12,080,410 $ 10,808,529 $ 13,075,878 Applicable Costs for Pass-thru $ 10,677,006 $ 9,690,570 $ 11 ,875,727 Annual Increase (Decrease) $ (986,436) $ 1 ,198,721 Increase (Decrease) Per Unit $ (0.13) $ 0.16 Previous Rate Per Unit $ 1 .70 $ 2.70 New Rate Per Unit $ 1 .57 $ 2.86 % Increase -8% 6% Backup Material Distributed Less Than 24 Hours Prior to the Meeting FY 2016/17 Import Water Costs �__. �`�r"i"_•i:� - _ - 'moo►.►�� •a�"`—-'^ � Import Water Total Costs % of Tota Water Purchases July-Dec 2016 $ 3,097,868.61 43.8% Water Purchases Jan-Jun 2017 $ 2,629,402.56 37. 2% CUP Water Purchases $ - 0.0% CUP Allocation Costs $ - 0.0% Readiness to Serve Charge $ 860,338.39 12. 2% Capacity Charge $ 234,682.34 3. 3% Retail Connection Charge $ 253,490.40 3. 6% TOTAL $ 7,075,782.30 Backup Material Distributed Less Than 24 Hours Prior to the Meeting FY 2016/17 Groundwater Costs ' r _-r !tom� — .✓ �- -'y=� Groundwater Total Costs Water Purchases July-Dec 2016 $ 21444,799.36 Water Purchases Jan-Jun 2017 $ 21005,144.87 OCWD Annexation Annual Fee $ 350,000.00 TOTAL $ 4,799,944.23 Backup Material Distributed Less Than 24 Hours Prior to the Meeting Personnel Costs FY 2015/2016 i FY.. 016/2017,- r; Increase/.. �A ucg Budge-t "'`''� ot _'-_'�'� Decrease -�� R e gu r 6,161,829 $ 6,379,218 $ 217,389 Enforcement $ 228,753 $ 97,500 $ (131,253) Overtime $ 185,514 $ 192,159 $ 6,645 Standby Day Pay $ 32,100 $ 32,100 $ - Mandatory Benefits CaIPERS/SS/Medicare $ 597,314 $ 634,329 $ 37,015 Unfunded Accrued Liability $ 206,619 $ 251,948 $ 45,329 Workers' Compensation $ 131,835 $ 122,508 $ (9,327) Fringe Benefits Medical, Dental &Vision $ 1,031,224 $ 1,066,414 $ 35,190 Cert./Class A Pay $ - $ 19,950 $ 19,950 Tuition Reimbursement $ 21,049 $ 5,982 $ (15,067) Other Insurances/Benefits $ 142,750 $ 142,638 $ (112) Retiree Benefits $ 150,590 $ 148,114 $ (2,476) OPEB Contributions $ 197,742 $ 211,867 $ 14,125 1959 Cal PERS Survivor Benefit $ - $ 3,000 $ 3,000 Replacement Benefit Plan $ 1,500 $ 1,800 $ 300 Unemployment Insurance $ 10,400 $ 11,700 $ 1,300 $9,099,219 $9,321,228 $ 222,009 Backup Material Distributed Less Than 24 Hours Prior to the Meeting FY 16/17 Supplies and Services Detail ( Budget-to - Budget) �_ _ '� '`=>° -- =:��,. •• ._ _ _�- �}�- -- Net = - - - � FY2015/16 FY 2015/1�',\B,,, FY 2016/1 - -I -Percent • '7 rease/ Decrea,Forecas - ange - - Comparison MIN Supplies & Services Communications Contractual Services Data Processing Dues & Memberships Fees & Permits Board Election Expenses Insurance Materials District Activities & Events Maintenance Non-Capital Equipment Office Expense Professional Services Professional Development Travel & Conferences Uncollectible Accounts Utilities Vehicle Expenses Supplies & Services Sub-Total $ 301,525 $ 226,094 $ 257,125 $ (44,400) -15% $ 586,155 $ 520,888 $ 568,535 $ (17,620) -3% $ 233,829 $ 238,601 $ 263,709 $ 29,880 13% $ 115,110 $ 101,996 $ 95,760 $ (19,350) -17% $ 2,926,665 $ 176,764 $ 496,450 $ (2,430,215) -83% $ - $ - $ 246,000 $ 246,000 N/A $ 296,340 $ 255,348 $ 286,340 $ (10,000) -3% $ 795,950 $ 800,672 $ 799,200 $ 3,250 0% $ 29,110 $ 10,188 $ 29,050 $ (60) 0% $ 747,345 $ 382,364 $ 554,830 $ (192,515) -26% $ 167,750 $ 148,115 $ 193,050 $ 25,300 15% $ 42,850 $ 40,107 $ 43,040 $ 190 0% $ 644,710 $ 606,135 $ 548,000 $ (96,710) -15% $ 75,015 $ 25,156 $ 78,085 $ 3,070 4% $ 98,480 $ 51,842 $ 125,465 $ 26,985 27% $ 40,000 $ 86,443 $ 35,000 $ (5,000) -13% $ 90,850 $ 119,728 $ 125,800 $ 34,950 38% $ 372,433 $ 344,867 $ 365,700 $ (6,733) -2% $ 7,564,117 $ 4,135,308 $ 5,111,139 $ (2,452,978) k- .d- Backup Material Distributed Less Than 24 Hours Prior to the Meeting 2016A Revenue Refunding Bonds • D is tri CTs din ati , is w - d 0. favor June 13, 2016 - Proceed with approval of paperwork - If no appeal : Adopt Resolution August 2; - Refunding Completed mid-October 201 Backup Material Distributed Less Than 24 Hours Prior to the Meeting Extension of LOC See Handout Backup Material Distributed Less Than 24 Hours Prior to the Meeting Wells Fargo Line of Credit ROO Interest Expense Analysis Scenario 1-Pay off the LOC September 2017& Pay-As-Go for CIP (Principal balance of$7 million fully drawn for all quarters) FY 2016-17 FY2017-18 Total 1st Qtr. $22,898 $24,150 $47,048 2nd Qtr. $23,077 $0 $23,077 3rd Qtr. $22,750 $0 $22,750 4th Qtr. $23,445 $0 $23,445 $92,170 $24,150 $116,320 Scenario 2- Pay off the LOC September 2017& Pay-As-Go for CIP with$200K Monthly Principal Payments(starting October 2016) (Principal balance$7 million 1st Qtr.2016-17 but$4.8 million by the end 1st Qtr.2017-18) FY 2016-17 FY2017-18 Total 1st Qtr. $22,898 $16,560 $39,458 2nd Qtr. $21,099 $0 $21,099 3rd Qtr. $18,850 $0 $18,850 4th Qtr. $17,416 $0 $17,416 $80,263 $16,560 $96,823 Scenario 3-Pay$3.45M on LOC(in Sept 2016)with Refundins 2008 COP& Pay-As-Go for CIP*(In Financial Forecast] (Principal balance drawn of$3.55 million and$3.45 million available for draw starting 2nd Qtr.2017-18 FY 2016-17 FY2017-18 Total 1st Qtr. $22,898 $15,333 $38,231 2nd Qtr. $14,789 $0 $14,789 3rd Qtr. $14,556 $0 $14,556 4th Qtr. $14,942 $0 $14,942 $67,185 $15,333 $82,519 Scenario 4-Pay$3.45M on LOC(in Sept 2016)with Refundins?2008 COP&extend LOC until September 2017 (Principal bal.drawn of$3.55 million starting 2nd Qtr.2016-17 but$7 million by the end of 4th Qtr.2016-17 FY 2016-17 FY2017-18 Total 1st Qtr. $22,898 $24,150 $47,048 2nd Qtr. $19,111 $0 $19,111 3rd Qtr. $21,414 $0 $21,414 4th Qtr. $23,445 $0 $23,445 $86,867 $24,150 $111,017 Scenario 5-Pay$3.45M on LOC(in Sept 20161 with Refundins 2008 COP& Pay-As-Go CIP with$200K Monthly Principal Payments(starting Oct. '16) (Principal balance drawn of$3.55 million starting 2nd Qtr.2016-17 but$1.35 million by end 1st Qtr.2027-18) FY 2016-17 FY2017-18 Total 1st Qtr. $22,898 $9,656 $32,554 2nd Qtr. $13,348 $0 $13,348 3rd Qtr. $11,706 $0 $11,706 4th Qtr. $10,506 $0 $10,506 $58,458 $9,656 $68,114 Scenario 6-Pay$3.45M on LOC(in Sept 2016)with Refunding:2008 COP& with$200K Monthly Principal Payments(starting Oct. '16) (Principal balance drawn of$3.55 million starting 2nd Qtr.2016-17 but$6.6 million by end 1st Qtr.2017-18) FY 2016-17 FY2017-18 Total 1st Qtr. $22,898 $23,061 $45,959 2nd Qtr. $17,669 $0 $17,669 3rd Qtr. $18,564 $0 $18,564 4th Qtr. $20,109 $0 $20,109 $79,240 $23,061 $102,301 Backup Material Distributed Less Than 24 Hours Prior to the Meeting 5 Year Financial Plan, 1 of 2 Net Revenue Debt Service CIP Requirements Admin Penalty Requirements Net Cash Balance Beginning CIP Resery Bal Ending CIP Resery Balance Debt Service Ratio Only Pass-thru Increase Total Revenue Total Expenses $ 10,115,629 $ 9,669,832 $ 8,995,736 $ 7,253,413 $ 4,757,200 $ 2,721,559 $ 2,716,884 $ 6,214,309 $ 2,718,509 $ 2,710,909 $ 1,692,002 $ 5,061,820 $ 6,818,000 $ 3,648,100 $ 180,000 $ 1,280,000 $ - $ - $ - $ - $ 4,422,068 $ 1,891,128 $ (4,036,573) $ 886,804 $ 1,866,291 $ 19,210,612 $ 23,632,680 $ 25,523,808 $ 21,487,235 $ 22,374,039 $ 23,632,680 $ 25,523,808 $ 21,487,235 $ 22,374,039 $ 24,240,330 24,010,391 372% 18,451,285 356% 17,806,439 145% Debt Service Ratio 267% 372% 175% $ 32,322,878 $ 34,146,087 $ 33,705,103 $ 34,233,340 $ 34,324,556 $ 22,207,249 $ 25,989,672 $ 26,231,901 $ 28,511,577 $ 31,108,123 Net Revenue $ 10,115,629 $ 8,156,415 $ 7,473,202 $ 5,721,763 $ 3,216,433 Debt Service $ 2,721,559 $ 2,716,884 $ 6,214,309 $ 2,718,509 $ 2,710,909 CIP Requirements F$ 1,692,002 $ 5,061,820 $ 6,818,000 $ 3,648,100 $ 180,000 Admin Penalty Requirements $ 1,280,000 $ - $ - $ - $ - Net Cash Balance $ 4,422,068 $ 377,711 $ (5,559,107) $ (644,846) $ 325,524 Beginning CIP Resery Bal $ 19,210,612 $ 23,632,680 $ 24,010,391 $ 18,451,285 $ 17,806,439 Ending CIP Resery Balance $ 23,632,680 $ 24,010,391 $ 18,451,285 $ 17,806,439 $ 18,131,963 Debt Service Ratio 372% 300% 120% 210% 119% Backup Material Distributed Less Than 24 Hours Prior to the Meeting -V0. Only Pass-thru In Total Expenses 5 Year Financial Plan, 2 of 2 $ 32,3 , 7��34,146,087 $ 33,705J0 ; _ __: ,: $ 22,207,249 $ 25,989,672 $ 26,231,901 $ 28,511,577 $ 31,108,123 Net Revenue $ Debt Service $ CIP Requirements F$ Admin Penalty Requirements $ Net Cash Balance $ Beginning CIP Resery Bal $ Ending CIP Resery Balance $ Debt Service Ratio No Rate Incr OR Pass-thru Total Revenue Total Expenses Net Revenue Debt Service CIP Requirements Admin Penalty Requirements Net Cash Balance Beginning CIP Resery BaI Ending CIP Resery Balance Debt Service Ratio 10,115,629 $ 8,156,415 $ 7,473,202 $ 5,721,763 $ 3,216,433 2,721,559 $ 2,716,884 $ 6,214,309 $ 2,718,509 $ 2,710,909 1,692,002 $ 5,061,820 $ 6,818,000 $ 3,648,100 $ 180,000 1,280,000 $ - $ - $ - $ - 4,422,068 $ 377,711 $ (5,559,107) $ (644,846) $ 325,524 19,210,612 $ 23,632,680 $ 24,010,391 $ 18,451,285 $ 17,806,439 23,632,680 $ 24,010,391 $ 18,451,285 $ 17,806,439 $ 18,131,963 372% 300% 120% 210% 119% �$ 32,322,878 $ 32,954,678 $ 33,232,772 $ 33,445,250 $ 33,676,054 $ 22,207,249 $ 25,989,672 $ 26,231,901 $ 28,511,577 $ 31,108,123 $ 10,115,629 $ 6,965,006 $ 7,000,872 $ 4,933,672 $ 2,567,931 $ 2,721,559 $ 2,716,884 $ 6,214,309 $ 2,718,509 $ 2,710,909 $ 1,692,002 $ 5,061,820 $ 6,818,000 $ 3,648,100 $ 180,000 $ 1,280,000 $ - $ - $ - $ - $ 4,422,068 $ (813,698) $ (6,031,437) $ (1,432,937) $ (322,978) $ 19,210,612 $ 23,632,680 $ 22,818,982 $ 16,787,545 $ 15,354,608 $ 23,632,680 $ 22,818,982 $ 16,787,545 $ 15,354,608 $ 15,031,630 372% 256% 113% 181% 95% Backup Material Distributed Less Than 24 Hours Prior to the Meeting Reserves ning exists to-e s re an agency has sufficient funds to meet current an( future needs be setting reserve target levels of funding. • Reserve Fund Types: - General Operating - Funds that accumulate from day-to-day operations that have not otherwise been designated or restricted. - Designated Reserves - Established by action of the Board and designated for specific purposes. These funds are utilized to fur future such things as capital facilities, repair and replacement existing assets, economic uncertainties, local disasters and oth, financial hardships in the local or state economy. - Restricted Reserves - Restrictions on the use of the funds are imposed by an outside source such as creditors, grantors, laws regulations governing use. Backup Material Distributed Less Than 24 Hours Prior to the Meeting %r., Water Capital Replacement Water Operating Fund Water Emergency Fund Rate Stabilization 2008 COP Bond Debt Service Reserve Maintenance Reserve Employee Liabilities Administrative Penalty Sewer Capital Replacement Sewer Operating Fund Sewer Emergency Fund Sewer Employee Liabilities TOTAL: YLWD Reserve Types Planned CIPs * Based on approximately $845M in infrastructure to be maintained. $21 .9M $11 .2M Above Committed CIP Day-to-Day Payments $4.1 M $6.9M Catastrophes $1 .0M $10.0M Future Rate Mitigation $0 $782,000 Regulated $2.1 M $2.1 M Regulated $2.7M $2.7M Unanticipated R&R $200,000 $200,000 Retiree Payout $372,000 $372,000 SWRCB-Mandates $1 .28M rianned CIPs �2.,Jm $5.7M Above C CIP Day-to-Day Paymts $812,000 $1 .3M Catastrophes $1 .0M $3.OM Retiree Payout $21 ,000 $21 ,000 $38.OM $44.3P Backup Material Distributed Less Than 24 Hours Prior to the Meeting Administrative Penalty Reserve Statement as of March 31 , 2016 Expenses: Salary Related Expenses: Salary Related Expenses Supplies&Services Expenses: Communication Contractual Services Data Processing Due Memberships & Subscriptions Fees and Permits Materials Maintenance Non-Capital Equipment Office Expense Professional Services Training Travel & Conferences Vehicle Expenses Fuel Supplies & Services Expenses Total: Total Expenses Net Financial Position 228,753 246,225 5,452 107.64% 23,810 (23,810) - 2,524 - Q.A - 7,110 (7,110) - 2,000 Origin Cummulalive nder(Over) � gr eu ::: %of Budget - 10,836 (10,836) - 4,472 (4,472) - 7,053 J. + - 6,552 i �Budget Adm i n De pf=�r4u rc nt{2025) #Oinistra (18,687) - 40 (40) As i\_ePen" ties e Issued Credits $3,028,753 $1,0 425 (25,462) Total Assessed Administrative Penalties Net Credits $3,028,753 $1,710,425 Expenses: Salary Related Expenses: Salary Related Expenses Supplies&Services Expenses: Communication Contractual Services Data Processing Due Memberships & Subscriptions Fees and Permits Materials Maintenance Non-Capital Equipment Office Expense Professional Services Training Travel & Conferences Vehicle Expenses Fuel Supplies & Services Expenses Total: Total Expenses Net Financial Position 228,753 246,225 5,452 107.64% 23,810 (23,810) - 2,524 (2,524) - 7,110 (7,110) - 2,000 (2,000) 2,700,000 - 2,700,000 - 10,836 (10,836) - 4,472 (4,472) - 7,053 (7,053) - 6,552 (6,552) - 18,687 (18,687) - 40 (40) - 449 (449) - 25,462 (25,462) 2,700,000 108,995 2,591,005 $2,928,753 $355,220 $2,596,457 12.13% $100,000 $1,355,205 ($2,596,457)