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HomeMy WebLinkAbout2024-04-25 - Board of Directors Meeting Agenda Packet AGENDA YORBA LINDA WATER DISTRICT BOARD OF DIRECTORS REGULAR MEETING Thursday, April 25, 2024, 8:30 AM 1717 E Miraloma Ave, Placentia CA 92870 1. PARTICIPATION INSTRUCTIONS This meeting will be held in person. For public convenience, the meeting can also be accessed via internet-based service or telephone as indicated below. For questions regarding participation, please call the Board Secretary at (714) 701-3020. Computer/Mobile Device: https://us06web.zoom.us/j/85968334390 Telephone: (669) 444-9171 or (669) 900-6833 Meeting ID: 859 6833 4390 2. CALL TO ORDER 3. PLEDGE OF ALLEGIANCE 4. ROLL CALL Trudi DesRoches, President Tom Lindsey, Vice President Brett R. Barbre, Director Phil Hawkins, Director Gene Hernandez, Director 5. ADDITIONS/DELETIONS TO THE AGENDA Items may be added to the agenda upon determination by a two-thirds vote of the Board, or a unanimous vote if only three Directors are present, that there is a need to take immediate action which came to the District's attention subsequent to the agenda being posted. (GC 54954.2(b)(2)) 6. AB 2449 TELECONFERENCE REQUESTS 7. PUBLIC COMMENTS Any individual wishing to address the Board (or Committee) is requested to identify themselves and state the matter on which they wish to comment. If the matter is on the agenda, the Chair 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 three minutes and must be related to matters of public interest within the jurisdiction of the Water District. (GC 54954.3) 8. CONSENT CALENDAR All items on the consent calendar are considered routine and may be approved by a single motion. There will be no discussion of these items unless a member of the Board, staff, or public requests separate consideration. 8.1. Award of Professional Services Agreement for a Comprehensive Classification and Compensation Study Recommendation: That the Board of Directors authorize the General Manager to execute a Professional Services Agreement with Gallagher Benefit Services, Inc. for the completion of a comprehensive Classification and Compensation Study for an amount not to exceed $111,400. 9. DISCUSSION ITEMS This portion of the agenda is for matters that cannot reasonably be expected to be concluded by action Page 1 of 40 of the Board (or Committee) at the meeting, such as technical presentations, drafts of proposed policies, or similar items for which staff is seeking advice and counsel. 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. 9.1. Fiscal Year 2024-25 Proposed Water & Sewer Customer and Developer Fees Update 9.2. Fiscal Year 2024-25 Budget Workshop #3 10. CLOSED SESSION The Board may hold a closed session on items related to personnel, labor relations and/or litigation. The public is excused during these discussions. 10.1. Public Employee Performance Evaluation Pursuant to Section 54957 of the CA Government Code Title: General Manager 11. ADJOURNMENT 11.1. The next regular Board meeting is scheduled Thursday, May 16, 2024 at 9:30 a.m. Items Distributed to the Board Less Than 72 Hours Prior to the Meeting Non-exempt materials related to open session agenda items that are distributed to a majority of the Board of Directors (or Committee Members) less than seventy-two (72) hours prior to the meeting will be available for public inspection in the lobby of the District’s Administrative building located at 1717 E Miraloma Ave, Placentia CA 92870 during regular business hours. When practical, these materials will also be posted on the District’s website at https://ylwd.com/. (GC 54957.5) Accommodations for the Disabled Requests for disability-related modifications or accommodations, including auxiliary aids or services, required for participation in the above-posted meeting should be directed to the Board Secretary at (714) 701-3020 at least 24 hours in advance. (GC 54954.2(a)) Page 2 of 40 ITEM NO. 8.1. AGENDA REPORT MEETING DATE: April 25, 2024 TO: Board of Directors FROM: Mark Toy, General Manager STAFF CONTACTS: Lori Thompson, Human Resources and Risk Manager SUBJECT: Award of Professional Services Agreement for a Comprehensive Classification and Compensation Study RECOMMENDATION: That the Board of Directors authorize the General Manager to execute a Professional Services Agreement with Gallagher Benefit Services, Inc. for the completion of a comprehensive Classification and Compensation Study for an amount not to exceed $111,400. BACKGROUND: On February 8, 2024, after receiving authorization from the Board of Directors, the District issued a Request for Proposal (RFP) for the completion of a comprehensive classification and compensation study. The RFP was posted on the California Special Districts Association RFP Clearinghouse, LinkedIn, and sent directly to four known qualified service providers. At the close of the RFP proposal window on March 14, 2024, two proposals were received. Staff reviewed the proposals, consulted with the RFP Review Group (Director Hawkins and Director Lindsey), and determined that only one proposal was submitted by a qualified service provider. The disqualified provider did not meet the minium qualifications for the scope of work, and lacked any experience with water and/or sanitation districts. The proposals received are listed below: Proposer Proposal Cost Qualified Service Provider (Y/N) Gallagher Benefit Services, Inc. $111,400 ($72,800 Classification; $38,600 Compensation) Y unCOMPlicate HR $44,850 ($21,600 Classification; $22,050 Compensation) N Staff recommends entering into a Professional Services Agreement with Gallagher Benefit Services, Inc. to complete a comprehensive classification and compensation study, for an amount not to exceed $111,400. FISCAL IMPACT: Budgeted: Yes (FY 2024-25; Pending Approval) Total Budget: $112,000 Page 3 of 40 Cost Estimate: Not to Exceed $111,400 PRIOR RELEVANT BOARD ACTION: The District completed a Compensation Study in March 2023. After completion of the Compensation Study, the Board of Directors requested a more in-depth review of the District's job descriptions and salaries as compared to other agencies. At the August 3, 2023 Board meeting, the Board of Directors provided direction that a comprehensive Classification and Compensation Study be completed by January 2025. STRATEGIC PLAN INITIATIVES: G5 1A - Retain a highly skilled and capable workforce. Page 4 of 40 ITEM NO. 9.1. AGENDA REPORT MEETING DATE: April 25, 2024 TO: Board of Directors FROM: Mark Toy, General Manager STAFF CONTACTS: Delia Lugo, Finance Manager Sophia Phuong, Accounting Supervisor Rosanne Weston, Engineering Manager SUBJECT: Fiscal Year 2024-25 Proposed Water & Sewer Customer and Developer Fees Update Staff will present and discuss the updates to the capacity fees and frontage charges for the proposed Fiscal Year 2024-25 Water & Sewer Customer and Developer Fees. ATTACHMENTS: 1. Slide Deck - FY25 Proposed Water & Sewer Development Fees 2. Raftelis Memorandum - Update of Capacity Fees and Frontage Charges Page 5 of 40 PROPOSED DEVELOPMENT FEES UPDATE Fiscal Year 2024-25 4/25/24 Board of Directors Workshop 1Page 6 of 40 Water Service Capacity Fees Adequate Water Mains Serve Property 4/25/2024 Board of Directors Workshop 2 Fee Increase or (Decrease) +12.9% FY24-25 Fee per Meter FY23-24 Fee per Meter Meter Size (Inches) $1,589$13,900$12,3111 $3,179$27,801$24,6221-1/2 $5,086$44,481$39,3952 $11,125$97,302$86,1773 $20,025$175,144$155,1194 $41,322$361,409$320,0876 Additional Capacity Fees may apply to larger developments that will utilize more facility capacity. Page 7 of 40 Water Service Capacity Fees Developer to Construct Water Mains To Serve Property 4/25/2024 Board of Directors Workshop 3 Fee Increase or (Decrease) +13.6% FY24-25 Fee per Meter FY23-24 Fee per Meter Meter Size (Inches) $1,205$10,045$8,8401 $2,412$20,091$17,6791-1/2 $3,859$32,146$28,2872 $8,440$70,318$61,8783 $15,193$126,573$111,3804 $31,350$261,182$229,8326 Additional Capacity Fees may apply to larger developments that will utilize more facility capacity. Page 8 of 40 Sewer Service Capacity Fees 4/25/2024 Board of Directors Workshop 4 Fee Increase or (Decrease) FY24-25 Capacity Fee Per Connection FY23-24 Capacity Fee Per Connection Property Class (Various Examples) $71$865$794Single Family Residence 8.9%$0.82 x Number of Units x $865 $0.82 x Number of Units x $794 Master Metered 8.9% Equivalent Dwelling Unit x Total SF/1,000SF x $865 Equivalent Dwelling Unit x Total SF/1,000SF x $794 Commercial Equivalent Dwelling Unit is based on one Single Family Residence. Page 9 of 40 Frontage Charge Adequate Sewer Mains Serve Property and Property is Not Subject to Developer Reimbursement Program 4/25/2024 Board of Directors Workshop 5 Fee Increase or (Decrease) FY24-25 Frontage Charge FY23-24 Frontage ChargeProperty Class $542$6,305$5,763Single Family Residence 9.4%Sewer Frontage (FT)/75FT x $6,305 Sewer Frontage (FT)/75FT x $5,763 Master Metered 9.4%Sewer Frontage (FT)/75FT x $6,305 Sewer Frontage (FT)/75FT x $5,763 Commercial 75 Feet is average frontage of a Single Family Residence. Page 10 of 40 445 S. Figueroa Street, Suite #1925 Los Angeles, CA 90071 Phone 626 . 583 . 1894 Fax 213.262.9303 www.raftelis.com Memorandum  To:  Rosanne Weston    From: Sudhir Pardiwala/Lindsay Roth    Date: April 5, 2024    Re: Update of Water and Wastewater Capacity Fees and Frontage Charges for FY 2025      Raftelis has updated the water, wastewater capacity fees, and frontage charges as you requested  based on the Raftelis report, Water and Wastewater Development Capacity Fee Study Report,  dated May 22, 2023.    Typically, utilities update the capacity fees annually based on the Engineering News‐Record  Construction Cost Index (CCI) to reflect the increases in asset values because of inflation. Raftelis  has updated the CCI data and used the CCI value of 13,358 for December 2023 to update the  depreciated asset values. In addition, since the water utility has a significant debt burden, that  credit was updated to reflect the debt principal to $54,655,000 as of Dec 31, 2023. Finally the  updated equivalent meters and dwelling units were updated to reflect the June 30, 2023 data.  The revised water capacity fees are shown below for the various meter sizes.    For properties with existing water mains in the streets the capacity fees are shown below.    Water Capacity Fees with Water Mains  Meter Size Ratio Proposed Fee  FY 2024‐25  1" & smaller 1.00 $13,900  1 1/2" 2.00 $27,801  2" 3.20 $44,481  3" 7.00 $97,302  4" 12.60 $175,144  6" 26.00 $361,409    For properties where the developer pays to connect the parcel to the water system, the capacity  fees are charged excluding the asset value of pipelines 8 inches and smaller. The revised water  capacity fees for these properties that do not have water mains fronting their properties the  capacity fees are shown below:     Page 11 of 40 Ms. Rosanne Weston Yorba Linda Water District Capacity Fee Update April 5, 2024 Page 2 Water Capacity Fees without Water Mains  Meter Size Ratio Proposed Fee  FY 2024‐25  1" & smaller 1.00 $10,045  1 1/2" 2.00 $20,091  2" 3.20 $32,146  3" 7.00 $70,318  4" 12.60 $126,573  6" 26.00 $261,182    The revised wastewater capacity fees:     Wastewater Capacity Fees   Connection Class Ratio Charge per Unit FY 2024‐25  Single Family 1.00 $865  Master metered per Unit 0.82 $709      Commercial EDU Ratio by  Customer Type  $865 x EDU x   Total SF/1000 SF    The multipliers applied to the capacity charges for Commercial customers remain unchanged, as  shown in our 2022 Report.    The frontage fee for development applies to properties where adequate sewer mains serve the  property and the property is not subject to the Developer Reimbursement Program.     Wastewater Frontage Fees with Sewer Mains  Connection Class Ratio Charge per Unit FY 2024‐25  Single Family 1.00 $6,305  Master Metered By Frontage (ft) Sewer Frontage (ft)/75ft * $6,305  Commercial By Frontage (ft) Sewer Frontage (ft)/75ft * $6,305    The application of frontage fees for apartments remains unchanged, as shown in the 2022  Report.       Page 12 of 40 Ms. Rosanne Weston Yorba Linda Water District Capacity Fee Update April 5, 2024 Page 3 ADU Wastewater Capacity Fee    The wastewater capacity fee for an Accessory Dwelling Unit (ADU) is calculated by multiplying  the capacity fee for a Single Family Residence (SFR) by the ratio of the actual ADU square footage  and the average square footage of a Single Family Residence (fixed at 2,883 square feet per the  2022 Report).     Example of a 900 Square Foot ADU Wastewater Capacity Fee Calculation:    $865 SFR capacity fee x 900 SF ADU/2,883 SF SFR = $270.03      ADU Water Capacity Fee    The Water Capacity Fee is applied differently under three scenarios. There may be some  situations that differ from the scenarios below and will be addressed on a case‐by‐case basis by  the District.    Assume the ADU is 900 SF:    1. Existing meter is adequate to serve both the SFR and the ADU.  2. A separate water service connection and meter is constructed for the ADU.  3. Existing meter is upsized to serve both the SFR and the ADU.    The calculations for Scenarios #1 and 2 are the same.    For Scenario # 1 assume the existing SFR water meter is 1‐inch, and for Scenario #2 assume the  proposed separate meter for the ADU is a 1‐inch.    The Water Capacity Fee is calculated by multiplying the capacity fee for a Single Family Residence  by the ratio of the actual ADU square footage and the average square footage of a Single Family  Residence (fixed at 2,883 square feet per the 2022 Report). Use the Water Capacity Fees for  “Adequate Water Main Fronts Property.”     $13,900 SFR capacity fee x 900 SF ADU/2,883 SF SFR = $4339.23      For Scenario #3:    The Water Capacity Fee is calculated based on the difference between the two capacity fees for  the existing meter size and the new meter size. Assume a 1‐inch meter is upsized to 1‐1/2 inches  and use the Water Capacity Fees for “Adequate Water Main Fronts Property.”     $27,801 – $13,900 = $13,901The summary of the capacity fees is shown below:  Page 13 of 40 Ms. Rosanne Weston Yorba Linda Water District Capacity Fee Update April 5, 2024 Page 4   Water Capacity Fee Adequate Water Main Fronts Property Meter Size Fee 1 Inch Meter $13,900 1-1 1/2 Inch Meter $27,801 2 Inch Meter $44,481 3 Inch Meter $97,302 4 Inch Meter $175,144 6 Inch Meter $361,409 Developer to Construct Water Main in Front of Property Meter Size Fees 1 Inch Meter $10,045 1-1 1/2 Inch Meter $20,091 2 Inch Meter $32,146 3 Inch Meter $70,318 4 Inch Meter $126,573 6 Inch Meter $261,182 Sewer Capacity Fee Property Type Fees Single Family Residence $865 Master Metered 0.82 x Number of Units x $865 = $709 Accessory Dwelling Unit Commercial Sq ft of ADU/2883 *865 Equivalent Dwelling Unit x Total SF/1,000SF x $865 Equivalent Dwelling Unit (EDU) is based on one Single Family Residence Frontage Charge Applies to Properties Where Adequate Sewer Main Fronts Property and Property is Not Subject to Developer Reimbursement Program Property Type Fees Single Family Residence $6,305 Master Metered Sewer Frontage (FT)/75 FT x $6,305 Commercial Sewer Frontage (FT)/75 FT x $6,305     Contact Engineering Department for Water and  Wastewater Accessory Dwelling Unit (ADU)  Capacity Fees.  Page 14 of 40 ITEM NO. 9.2. AGENDA REPORT MEETING DATE: April 25, 2024 TO: Board of Directors FROM: Mark Toy, General Manager STAFF CONTACTS: Delia Lugo, Finance Manager Sophia Phuong, Accounting Supervisor Paige Appel, Budget Analyst SUBJECT: Fiscal Year 2024-25 Budget Workshop #3 Staff will present and discuss the proposed Fiscal Year 2024-25 program budgets for Debt Service, Reserves & Other Key Updates. ATTACHMENTS: 1. Slide Deck - FY25 Budget Workshop #3 Page 15 of 40 FY2024-25 BudgetWorkshop 3 April 25, 2024 4/25/2024 1Page 16 of 40 Overview •BOD Requests •Commodity Rate – Variable & Fixed Costs •Pass-Through Analysis •Single Family Residential Customer Bill •10-Year Historic Consumption – Budget to Actual •3-YR & 5-YR Average on Demand/Production •Revenue with Various Scenarios •Debt Service •Reserve Balance, Staff Recommendations & Other Contributions •Summary of FY2024-25 Budget 4/25/2024 2Page 17 of 40 BOD Requests 4/25/2024 3Page 18 of 40 Commodity Rate – Variable & Fixed Costs 4/25/2024 4 What makes up the commodity rate in the 2021 Rate Study? The commodity rate is determined by three factors. Water supply, Power, and Delivery (annual costs for operating and additional expenses needed to function). “Delivery” is the essential costs to run the district such as O&M expenses, debt service obligations, rate funded CIP (Pay-Go), and funding reserves. Water Usage Rate Water Supply (Variable/Fixed) Power (Variable) Delivery (Fixed)Proposed Rate Uniform Rate $2.54 $0.24 $0.65 $3.43 Percentage Allocation 74%7%19%100% Conclusion: Total Fixed Costs are $0.90 or 26% of the Commodity Rate. Total Variable Costs are $2.53 or 74% of the Commodity Rate. Water Supply Rate % Allocation Fixed Costs 0.25$ 10% Variable Costs 2.29$ 90% Total Water Supply Cost 2.54$ 100% Water Supply Detail: Page 19 of 40 FY2024-25 Proposed Pass-Through 4/25/2024 5 Pass-Through Analysis for FY2024-25 2025 Budget FY25 Budget Consumption (ccf)7,558,749 R ate Study Consumption (ccf)7,380,219 RATE STUDY Total Power & Supply Costs in Rate Study ($)16,245,856$ Water Sales (ccf)7,380,219 Unit Rate ($/ccf)2.20$ FY25 BUDGET Total Power & Supply Costs ($)20,448,201$ Water Sales (ccf)7,558,749 Unit Rate ($/ccf)2.71$ PASS-THROUGH RATES Calculated Pass-Through (Difference between Budget & Rate Study by Unit) Unit Rate ($/ccf)0.51$ Allowable Pass-Through - 10% Limitation on Proposed Commodity Rate $3.43 Unit Rate ($/ccf)0.34$ Page 20 of 40 4/25/2024 6 Billing on 1” Meter (Water & Sewer) FY2023-24 w/ 9% Wtr & 15% Swr Adj With Pass-Through $0.31 FY2024-25 w/ 9% Wtr & 15% Swr Adj FY2024-25 w/ 9% Wtr & 15% Swr Adj With Pass-Through $0.34 Monthly Water Related Charges $109.91 $114.19 $119.97 Monthly Sewer Related Charges $11.97 $13.77 $13.77 Capital Finance Charge $11.25 $12.27 $12.27 Avg Monthly Bill w/ CFC (17 units)$133.13 $140.23 $146.01 Percentage increase of 9.67% Cost increase of $12.88 Effect on Single Family Residential Customer Bill (Water & Sewer) Current Assumptions Note: The calculated Pass-Through is $0.51 representing water supply and power costs per unit. However, the Pass-Through is limited (per the Prop218 notice) to $0.34, shown above as proposed. Page 21 of 40 4/25/2024 7 - 5,000 10,000 15,000 20,000 25,000 FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 20/21 FY 21/22 FY 22/23 AC R E -FE E T 10-YR HISTORICAL CONSUMPTION IN AF BUDGET TO ACTUAL Budget AF Actual AF Explanation: This graph shows within 10-years Budgeted consumption has been very close to the Actual consumption. The 10-year consolidated variance is -1%. (Based on 5-YR Average) Page 22 of 40 3 Year & 5 Year Average on Demand/Production 4/25/2024 8 Explanation: This table is to show the calculation of a 3-yr and 5-yr average in demand/production by month. The total annual demand correlates directly with the estimated yearly consumption used to project consumption revenue. The variance between the 3-yr and 5-yr average is minimal with a total of 261.1 AF difference or 1.4%. The current FY25 Budget is based on the 5-yr average totaling 18,678.5 AF for the year. JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN TOTAL FY19 2,277.1 2,283.8 2,010.2 1,782.8 1,555.4 980.2 979.5 602.8 873.1 1,531.7 1,436.1 1,712.8 18,025.5 FY20 2,041.6 2,151.2 1,988.3 1,919.2 1,524.6 876.3 1,184.0 1,609.3 1,145.4 1,125.1 1,842.0 1,914.1 19,321.0 FY21 2,165.0 2,174.7 2,057.5 1,956.7 1,552.6 1,524.9 1,231.4 1,113.1 1,275.9 1,646.8 1,819.3 1,952.1 20,469.8 FY22 2,100.2 2,108.1 1,974.9 1,686.1 1,592.6 1,139.9 1,235.1 1,340.8 1,527.9 1,623.8 1,784.7 1,831.2 19,945.3 FY23 2,033.5 2,050.0 1,877.8 1,611.8 1,254.0 1,033.0 722.6 1,033.6 706.5 1,239.6 1,465.1 1,529.3 16,556.8 FY24 2,086.5 1,846.4 1,687.7 1,678.6 1,446.0 1,259.7 938.0 10,942.9 5 YR AVG.2,085.4 2,066.1 1,917.2 1,770.5 1,474.0 1,166.8 1,062.2 1,139.9 1,105.7 1,433.4 1,669.4 1,787.9 18,678.5 3 YR AVG.2,073.4 2,001.5 1,846.8 1,658.8 1,430.9 1,144.2 965.2 1,162.5 1,170.1 1,503.4 1,689.7 1,770.9 18,417.4 DEMAND/PRODUCTION Page 23 of 40 Water Revenue with Various Scenarios 4/25/2024 9 Water Related Revenue & Variable Costs Proposed Budget 18.7K @ 85% 5 YR AVG Scenario 2 18.4k @ 85% 3 YR AVG BPP 85%85% Demand 18,678.5 18,417.4 Water Revenues Operating Revenue: Water Sales (9% Adjustment on Rates)26,072,749$ 25,733,561$ Water Sales (Pass-Through)2,326,458 2,292,836 Service & Capital Finance Charges 21,436,960 21,436,960 Other Operating Revenue 1,892,435 1,892,435 Total Water Operating Revenue 51,728,602$ 51,355,792$ Change from Proposed Budget -(372,810) Variable Costs Groundwater Purchases 10,916,565$ 10,768,094$ OCWD Annexation Fee 745,951 745,951 Power Costs 3,503,835 3,457,617 Import Water Purchases 3,616,898 3,544,674 MWDOC Fixed Costs 1,664,952 1,664,952 Total Variable Costs 20,448,201$ 20,181,288$ Change from Proposed Budget -(266,913) Net Position 31,280,401$ 31,174,504$ Change from Proposed Budget -(105,897) Page 24 of 40 Debt Service 4/25/2024 10Page 25 of 40 Annual Debt Service Ratio For Water Fund FY23 Actual FY24 Projections FY25 Budget Debt Service $ 3,165,564 $ 4,134,219 $ 4,133,494 Ratio 3.46 2.50 3.39 Per Policy 2.25 2.25 2.25 114/25/2024 Annual Debt Service Ratio Equation: Total Eligible Revenue – Total Eligible Expenses (excluding interest expense) Total Annual Debt Service Page 26 of 40 Reserve Balance, Staff Recommendations & Other Contributions 4/25/2024 12Page 27 of 40 134/25/2024 Reserve Balances & Target Levels Description: The following reflects the reserve target levels for FY25 utilizing the current policy to determine the min and max levels. FY24 Year End Projections reserve balance is shown below. Staff recommends adjustments to the reserve policy for Capital Replacement and MWD Contingency reserve to determine min and max. Page 28 of 40 144/25/2024 Staff Recommendation for Capital Reserves Capital Replacement Reserve: Provides funding for capital projects as well as funding for capital repair and replacement of aging infrastructure nearing the end of it's listed useful life. Calculated either as a percent of annual depreciation or from the 5-Year CI Program (to be the minmum of 100% of the current FY CI Plan and a maximum of the next two FY's CI Plan). Target Levels Water Sewer Min $7,510,000 $700,000 Max $11,059,500 $1,922,000 Staff Recommendation: Minimum target levels increased to 1.5 years of CIP & Outlay (Pay-Go) plus current fiscal year depreciation, $13,632,431. Maximum target levels increased to 3 years of CIP & Outlay (Pay- Go) plus 3 times the current fiscal year’s depreciation, $37,559,743. Below is a summary of the current CIP and Outlay based on project funding. PROJECT FUNDING FY2024-25 FY2025-26 FY2026-27 FY2027-28 FY2028-29 TOTALWATER PAY-GO 768,000 2,299,500 2,272,700 3,227,800 8,003,000 16,571,000 Debt Funded 6,742,000 1,250,000 850,000 - - 8,842,000 TOTAL WATER 7,510,000 3,549,500 3,122,700 3,227,800 8,003,000 25,413,000 SEWER PAY-GO 700,000 1,222,000 2,874,000 1,960,500 1,130,500 7,887,000 Debt Funded - - - - - - TOTAL SEWER 700,000 1,222,000 2,874,000 1,960,500 1,130,500 7,887,000 CIP TOTAL 8,210,000$ 4,771,500$ 5,996,700$ 5,188,300$ 9,133,500$ 33,300,000$ CAPITAL OUTLAY 752,500$ 1,020,000$ 415,000$ 1,225,000$ 1,215,000$ 4,627,500$ PAY-GO 2,220,500 4,541,500 5,561,700 6,413,300 10,348,500 24,458,000 Debt Funded 6,742,000 1,250,000 850,000 - - 8,842,000 COMBINED TOTAL CIP & OUTLAY 8,962,500$ 5,791,500$ 6,411,700$ 6,413,300$ 10,348,500$ 37,927,500$ WATER MASTER PLAN CIP TOTAL 16,657,000$ 16,837,500$ 15,077,500$ 15,341,000$ 15,732,000$ 79,645,000$ Current Policy: Page 29 of 40 154/25/2024 Staff Recommendation for Reserve Policy Employee Liability Reserve: Covers employees' vacation and other compensatory time and to ensure the complete funding associated with the liability incurred for employees whom have met the requirements necessary for district paid health benefits at retirement based on employee accrued compensatory time (OPEB liability). Water Sewer Annual Contributions $641,635 $44,446 Conservation Reserve: Provide funding for District-wide conservation efforts (Restricted Reserve) Calculated as net result of administrative penalties assessed less allowed expenditures of each fiscal year Target Levels Water Min $0 Max $73,801 Staff Recommendation: Current balance will be drawn down until there is a zero balance and remove the reserve category from the Reserve Policy. Current Policy: Staff Recommendation: Target levels are at required amounts. The reserve description should read as “Covers employees' vacation and other compensatory time and to ensure the complete funding associated with the liability.” Current Policy: Current Policy: MWD Contingency Reserve: Provides funding if the District is forced to rely 100% on MWD import water at significant and unbudgeted additional expense. Calculated from a projection of imported cost of 10 years approximately $20,000,000. Water Max Target Levels $6,000,000 20,000,000 Staff Recommendation: Remove the reserve category from the Reserve Policy. Page 30 of 40 164/25/2024 Reserve Balances & Target Levels Graph $73,801 $324,894 $0 $4,496,672 $9,326,688 $9,828,124 $27,859,868 $0 $5 $10 $15 $20 $25 $30 $35 $40 Conservation (Restricted) Employee Liability (Restricted) MWD Contingency Rate Stabilization Capital Replacement Emergency Operating Millions Min Target Per Current Policy Max Target Per Current Policy Projected Balance at Year End FY2023-24 Min Per Staff Recommendation Max Per Staff Recommendation Staff Recommends to increase Capital Replacement. Staff Recommends to no longer contribute to MWD Contingency. Page 31 of 40 174/25/2024 OPEB & Pension Contribution Pension/OPEB Funded Ratio As of June 2022 Total Additional Funding Revised 1 Entry Age Accrued Liability 50,913,589 50,913,589 2 Market Value of Assets 37,069,265 37,069,265 3 Funded Ratio (2/1)72.8%72.8% PARS as of 3/31/24 978,420$ 700,000$ 1,678,420$ Pension Funded Ratio with PARS 74.7%76.1% As of June 2022 1 Total OPEB Liability 4,107,722$ 4,107,722$ 2 Accumulated assets in the CERBT 2,878,686 2,878,686 F unded Ratio (2/1)70.1%70.1% PARS as of 3/31/24 360,419$ 300,000$ 660,419$ OPEB Funded Ratio with PARS 78.9%86.2% Pension: OPEB: Staff Recommendation: Contribute $700K to Pension PARS and $300K to OPEB PARS. Page 32 of 40 Summary of FY2024-25 Budget 4/25/2024 18Page 33 of 40 Details of Financial Changes 19 Consolidated Financials (Water & Sewer) Budget Presented on 3/28/24 18.7K @ 85% Proposed Budget 18.7K @ 85% Revenue Water Revenue 28,399,207$ 28,399,207$ Service & Capital Finance Charges 21,436,960 21,436,960 Sewer Revenue 4,721,438 4,721,438 Other Operating Revenue 1,565,133 1,995,249 Non-Operating Revenue 5,138,973 5,138,973 Total Revenue 61,261,711$ 61,691,827$ Change from Proposed Budget 430,116 Variable Costs Groundwater Purchases 10,922,275$ 10,916,565$ OCWD Annexation Fee 745,951 745,951 Power Costs 3,505,425 3,503,835 Import Water Purchases 3,685,419 3,616,898 MWDOC Fixed Costs 1,799,472 1,664,952 Total Variable Costs 20,658,542$ 20,448,201$ Change from Proposed Budget (210,341) Explanation: Capacity and Frontage charges were increased. Explanation: Updated the rates provided by MWDOC and MET. The majority of the change was on the Readiness to Serve charge and Capacity fees. 4/25/2024 Page 34 of 40 Details of Financial Changes 20 Consolidated Financials (Water & Sewer) Budget Presented on 3/28/24 18.7K @ 85% Proposed Budget 18.7K @ 85% Salary Related Expenses 15,201,996$ 15,201,996$ Supplies & Services Board Election 120,000$ 120,000$ Communications 279,940 279,940 Contractual Services 839,489 878,414 Software Licenses 523,946 523,946 District Activities, Emp Recognition 69,895 69,895 Dues & Memberships 125,960 125,960 Fees & Permits 551,650 469,464 Insurance 525,000 525,000 Maintenance 1,973,300 2,023,300 Materials 2,070,150 2,070,150 Non-Capital Equipment 323,300 323,300 Office Expense 49,250 49,250 Professional Services 2,019,146 2,097,146 Training 59,375 74,375 Travel & Conferences 131,170 131,170 Uncollectible Accounts 15,000 15,000 Utilities 236,000 236,000 Vehicle Expenses 712,850 712,850 Total Supplies & Services 10,625,421$ 10,725,160$ Change from Proposed Budget 99,739 Explanation: Contractual Services -Increase in Class & Comp Study; Fees & Permits -Decrease in Bank Fees; Maintenance -Increase in Water Maintenance Projects; Professional Services - Increase in Consulting Services; Training -Increase in Professional Development 4/25/2024 Page 35 of 40 Financial Summary - Consolidated 21 Prior Year FY2022-23 Projections FY2023-24 FY25 Budget Presented on 3/28/24 Revised FY25 Budget Revenue (Operating)41,607,539$ 48,249,536$ 56,122,738$ 56,552,854$ Revenue (Non-Operating)4,575,966 4,862,667 5,138,973 5,138,973 Total Revenue 46,183,505$ 53,112,203$ 61,261,711$ 61,691,827$ Rate Study Assumptions 46,560,875$ 50,720,658$ 55,284,050$ 55,284,050$ Variance %-1%5%11%12% Expenses Expenses (Operating): Variable Costs 15,308,429$ 18,225,975$ 20,658,542$ 20,448,201$ Salary Related Expenses 10,348,225 13,737,956 15,746,996 15,746,996 (Less Capitalized Labor)- - (545,000) (545,000) Supplies & Services 8,100,671 9,911,735 10,625,421 10,725,160 Expenses (Non-Operating)2,797,959 2,709,534 2,533,024 2,533,024 Total Expenses 36,555,284$ 44,585,200$ 49,018,983$ 48,908,381$ Rate Study Assumptions 38,222,320$ 40,330,198$ 42,144,833$ 42,144,833$ Variance %-4%11%16%16% Net Position Before Capital Contributions & Depreciation $ 9,628,221 $ 8,527,003 $ 12,242,728 $ 12,783,446 Capital Contributions 26,022,951 445,291 - - Depreciation 9,094,787 9,103,071 9,141,181 9,141,181 Total Net Position (Loss) $ 26,556,385 $ (130,777) $ 3,101,547 $ 3,642,265 4/25/2024 Page 36 of 40 Financial Summary - Water 22 Prior Year FY2022-23 Projections FY2023-24 FY25 Budget Presented on 3/28/24 Revised FY25 Budget Revenue (Operating)38,102,054$ 44,218,117$ 51,236,420$ 51,728,602$ Revenue (Non-Operating)4,334,643 4,557,127 4,835,869 4,835,869 Total Revenue 42,436,697$ 48,775,244$ 56,072,289$ 56,564,471$ Rate Study Assumptions 42,892,602$ 46,516,980$ 50,456,170$ 50,456,170$ Variance %-1%5%11%12% Expenses Expenses (Operating): Variable Costs 15,308,429$ 18,225,975$ 20,658,542$ 20,448,201$ Salary Related Expenses 8,782,887 11,622,593 13,214,585 13,214,585 (Less Capitalized Labor)- - (445,000) (445,000) Supplies & Services 7,007,737 8,569,678 9,211,978 9,301,917 Expenses (Non-Operating)2,782,215 2,703,562 2,526,899 2,526,899 Total Expenses 33,881,268$ 41,121,808$ 45,167,004$ 45,046,602$ Rate Study Assumptions 34,994,157$ 36,918,084$ 38,535,306$ 38,535,306$ Variance %-3%11%17%17% Net Position Before Capital Contributions & Depreciation $ 8,555,429 $ 7,653,436 $ 10,905,285 $ 11,517,869 Capital Contributions 25,606,815 210,235 - - Depreciation 7,566,538 7,597,179 7,602,536 7,602,536 Total Net Position (Loss) $ 26,595,706 $ 266,492 $ 3,302,749 $ 3,915,333 Debt Service 3,165,564$ 4,134,219$ 4,133,494$ 4,133,494$ Ratio 3.46 2.50 3.25 3.39 Per Policy 2.25 2.25 2.25 2.25 4/25/2024 Page 37 of 40 Financial Summary - Sewer 23 Prior Year FY2022-23 Projections FY2023-24 FY25 Budget Presented on 3/28/24 Revised FY25 Budget Revenue (Operating)3,505,485$ 4,031,419$ 4,886,318$ 4,824,252$ Revenue (Non-Operating)241,323 305,540 303,104 303,104 Total Revenue 3,746,808$ 4,336,959$ 5,189,422$ 5,127,356$ Rate Study Assumptions 3,668,273$ 4,203,678$ 4,827,880$ 4,827,880$ Variance %2%3%7%6% Expenses Expenses (Operating): Salary Related Expenses 1,565,338$ 2,115,363$ 2,532,411$ 2,532,411$ (Less Capitalized Labor)- - (100,000) (100,000) Supplies & Services 1,092,934 1,342,057 1,413,443 1,423,243 Expenses (Non-Operating)15,744 5,972 6,125 6,125 Total Expenses 2,674,016$ 3,463,392$ 3,851,979$ 3,861,779$ Rate Study Assumptions 3,228,163$ 3,412,114$ 3,609,527$ 3,609,527$ Variance %-17%2%7%7% Net Position Before Capital Contributions & Depreciation $ 1,072,792 $ 873,567 $ 1,337,443 $ 1,265,577 Capital Contributions 416,136 235,056 - - Depreciation 1,528,249 1,505,892 1,538,645 1,538,645 Total Net Position (Loss) $ (39,321) $ (397,269) $ (201,202) $ (273,068) 4/25/2024 Page 38 of 40 5-Year CIP 244/25/2024 Page 39 of 40 25 5-Yr CIP FY25 Budget 4/25/2024 PROJECT NAME FY25 FY26 FY27 FY28 FY29 TOTAL Pressure Regulating Station Projects PRS Replacement Program $1,150,000 $-$-$-$-$1,150,000 Waterline Projects 4,600,000 250,000 750,000 300,000 300,000 6,200,000 Golden Avenue Waterline 308,000 - - - - 308,000 Reservoir Projects - - - - - - Fairmont Reservoir Rehab 390,000 650,000 - - - 1,040,000 Little Canyon Reservoir Valve -225,000 - - - 225,000 Booster Pump Station Projects --- - - - Timber Ridge BPS 372,000 - - - - 372,000 Lakeview BPS Rehab & Generator - - - 150,000 500,000 650,000 Box Canyon BPS Improvements - - - - - - Yorba Linda BPS Rehab & Generator - - 150,000 650,000 500,000 1,300,000 Santiago BPS Rehab & Generator 200,000 1,000,000 800,000 - - 2,000,000 Well Projects - - - - - - Well Rehabilitation (No. 1, 18)420,000 - - - - 420,000 Well Rehabilitation (No. 10, 21 & 12)-420,000 200,000 - - 620,000 Well 23 Drilling & Equipping -424,500 897,700 2,127,800 6,703,000 10,153,000 Well VFD Upgrades 70,000 580,000 325,000 - - 975,000 Total Water CIP $7,510,000 $3,549,500 $3,122,700 $3,227,800 $8,003,000 $25,413,000 Sewer Main Projects Buena Vista Sewer Main Improvements $-$-$-$1,130,500 $1,130,500 $2,261,000 Kellogg Dr Sewer Main Upsize -822,000 2,874,000 330,000 -4,026,000 Sewer System Rehabilitation & Replacement Projects --- - -- FY25-26 Sewer CIPP Rehab Project -400,000 - - - 400,000 FY27-28 Sewer CIPP Rehab Project - - - 500,000 -500,000 Lift Station Projects - - - - -- Green Crest Sewer Lift Station ($300k Grant)700,000 - - - - 700,000 Total Sewer CIP $700,000 $1,222,000 $2,874,000 $1,960,500 $1,130,500 $7,887,000 CIP Total $8,210,000 $4,771,500 $5,996,700 $5,188,300 $9,133,500 $33,300,000 CAPITAL OUTLAY FY25 FY26 FY27 FY28 FY29 TOTAL Building 2 Upgrades - Locker Rooms $150,000 $-$-$-$-$150,000 Network Switches 36,000 -- -- 36,000 Replace Car Wash 74,500 -- -- 74,500 Replace Light Tower 35,000 -- -- 35,000 Plotter 7,000 -- -- 7,000 Vehicle Replacements 450,000 1,020,000 415,000 1,225,000 1,215,000 4,325,000 CAPITAL OUTLAY TOTAL $752,500 $1,020,000 $415,000 $1,225,000 $1,215,000 $4,627,500 GRAND TOTAL - CAPITAL IMPROVEMENT & CAPITAL OUTLAY $8,962,500 $5,791,500 $6,411,700 $6,413,300 $10,348,500 $37,927,500 Page 40 of 40