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HomeMy WebLinkAbout2025-04-24 - Board of Directors Meeting Agenda Packet Yorba Linda Water District AGENDA YORBA LINDA WATER DISTRICT BOARD OF DIRECTORS REGULAR MEETING Thursday, April 24, 2025, 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/m/87903499218 Telephone: (669)444-9171 or(669) 900-6833 Meeting ID: 879 0349 9218 2. CALL TO ORDER 3. PLEDGE OF ALLEGIANCE 4. ROLL CALL 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. SPECIAL RECOGNITION 8.1. Recognition of Honorable Phillip D. Hawkins for his Service on the Board of Directors 9. DISCUSSION ITEMS This portion of the agenda is for matters that cannot reasonably be expected to be concluded by action 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 2025-26 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. Conference with Labor Negotiators Pursuant to Section 54957.6 of the California Government Code Agency Designated Representatives: Mark Toy, General Manager, and Lori Thompson, Human Resources and Risk Manager Page 1 of 24 Employee Organization: Yorba Linda Water District Employees Association 10.2. Conference with Labor Negotiators Pursuant to Section 54957.6 of the California Government Code Agency Designated Representatives: Mark Toy, General Manager, and Lori Thompson, Human Resources and Risk Manager Unrepresented Employees: All Unrepresented Classifications 11. REPORT FROM CLOSED SESSION 12. ADJOURNMENT 12.1. The next regular Board meeting is scheduled Thursday, May 8, 2025 at 8:30 AM. 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 24 ITEM NO. 9.1. Yorba Linda Water District AGENDA REPORT MEETING DATE: April 24, 2025 TO: Board of Directors FROM: Mark Toy, General Manager STAFF CONTACTS: Christine Mcllrevey, Finance Manager Sophia Phuong, Accounting Supervisor SUBJECT: Fiscal Year 2025-26 Budget Workshop #3 Staff will present and discuss the proposed Fiscal Year 2025-26 budgets for non-operating revenue and expenses, debt service, reserves, CIP and Capital Outlay, and other key updates. ATTACHMENTS: 1. 2025.04.24 - FY26 Budget Workshop 3_Presentation Page 3 of 24 W � rim FY2025 = 26 �r Budget Workshop 3 - - April 24, 2025 4/24/2025 Overview • Summary of FY2025-26 Budget • Non-operating Revenue and Expenses • Debt Service • Reserve Balances and Target Levels • 5-Year CIP (updated) & Capital Outlay • BOD Requests • Commodity Rate - Variable & Fixed Costs • Single Family Residential Customer Bill Impact • Projected MET and OCWD Rates • Dues and Memberships - Administration � k11,14, - f • BUDGET VVORKSHOP��\ Pa YL W ►La •�--Toil W-1.io, kF �! umma o YL w Page . . 4/24/2025 Financial Summary - Consolidated Revenue Prior Year Projections Budget FY 2023-24 FY 2024-25 FY 2025-26 Revenue (Operating) $ 48,331,727 $ 56,172,319 $ 60,601,786 Revenue (Non-Operating) 6,682,203 4,925,973 4,855,924 Total Revenue $ 55,013,930 $ 61,098,292 $ 65,457,710 Rate Study Assumptions $ 50,709,492 $ 55,272,771 $ 59,720,886 Variance % 8% 11% 10% Expenses Expenses (Operating): Variable Costs $ 16,900,164 $ 21,002,102 $ 21,321,363 Salary Related Expenses 13,352,318 14,841,830 16,620,917* Supplies & Services 8,769,143 9,722,737 10,796,582 Expenses (Non-Operating) 4,441,005 2,533,024 2,471,832 Total Expenses $ 43,462,625 $ 48,099,693 $ 51,210,694 Rate Study Assumptions $ 39,023,867 $ 40,911,252 $ 42,919,614 Variance 11% 18% 19% Net Revenues $ 11,551,305 $ 12,998,599 $ 14,393,502 (Before Capital Contributions & Depreciation) Capital Contributions $ 948,660 $ 1,450,286 $ - Depreciation 9,188,082 9,181,996 9,272,1 16 Total Change to Net Position $ 3,311,883 $ 5,266,889 $ 4,974,900 *Salary Related Expenses Budget for FY 2025-26 is a placeholder assuming the some percentage increase as prior year. This amount will be updated in a future budget workshop. New Item to be presented at April 24, 2025 Board Meeting Item was presented at Board Meeting on March 27, 2025 4/24/2025 Page 7 of 24 YL W on - era in x enses n w Page : . - 4/24/2025 Non-Operating Revenue - Rate Study Comparison Historic & Future Prior Year Projected Budget FY 2023-24 FY 2024-25 FY 2025-26 Property Taxes $ 2,423,322 $ 2,564,511 $ 2,602,978 Investment Income $ 3,302,499 $ 1,710,000 $ 1,590,000 Other Revenue $ 956,382 $ 651,462 $ 662,946 $ 6,682,203 $ 4,925,973 $ 4,855,924 2021 Rate Study Assumptions FY 2023-24 FY 2024-25 FY 2025-26 Property Taxes $ 1,950,000 $ 1,950,000 $ 1,950,000 Investment Income 357,060 424,257 480,250 Other Revenue 639,658 646,055 652,515 $ 2,946,718 $ 3,020,312 $ 3,082,765 Variance from Assumptions Rate Study Variance $ $ 3,735,485 $ 1,905,661 $ 1,773,159 Rate Study Variance % 127% 63% 58% Page 9 of 24 Non-Operating Expenses - Rate Study Comparison Historic & Future Prior Year Projected Budget FY 2023-24 FY 2024-25 FY 2025-26 Interest Expense $ 2,218,001 $ 2,513,494 $ 2,451,619 Other Expense $ 2,223,004 $ 19,530 $ 20,213 $ 4,441,005 $ 2,533,024 $ 2,471,832 2021 Rate Study Assumptions FY 2023-24 FY 2024-25 FY 2025-26 Interest Expense $ 1,306,331 $ 1,233,581 $ 1,157,332 Other Expense 160,124 163,327 166,594 $ 1,466,455 $ 1,396,908 $ 1,323,926 Variance from Assumptions Rate Study Variance $ $ 2,974,550 $ 1,136,1 16 $ 1,147,906 Rate Study Variance % 203% 81% 87% 4/24/2025 Pe Page 10 of 24 YL W r . 4/24/2025 Page 11 of 24 Annual Debt Service Ratio For Water Fund FY24 FY25 FY26 Actual Projections Budget Debt Service $ 4,134,219 $ 4,133,494 $ 4,126,619 Ratio 3.47 3.27 3.47 Per Policy 2.25 2.25 2.25 Debt Service Ratio Equation: Total Revenue - Total Expenses (excluding interest expense) Total Debt Service 774 . a 4/24/2025 EL YL W ► - Reserve Balances and - - 3 X = . Target Levels 4/24/2025 Reserve Types and Purpose Operating Reserve - Over the course of the fiscal year, this reserve provides coverage for temporary cash flow deficiencies that may occur due to timing differences and unexpected expenditures occurring as a result of doing business. Emergency Reserve - In the event of a disaster, this can be used to quickly repair critical local infrastructure and bring core services back online. Capital Replacement Reserve - Provides funding for capital projects and capital repair and replacement of aging infrastructure. Rate Stabilization Reserve - Can be used to smooth out water rate increase adjustments during a year when revenues are not sufficient to meet the required Debt Service Ratio. Employee Liability Reserve (Restricted) - Provides funding of the liability associated with employees' accrued vacation and other compensatory time if operating funds do not meet these obligations in a year. Conservation Reserve (Restricted) - Provides funding for District-wide conservation efforts. Funds were established as a net result of administrative penalties assessed and will be drawn down until zero, at which time this reserve will be removed. 4/24/2025 Page 14 of 24 Reserve Balances & Target Levels Description: The following reflects the projected reserve target levels for FY 2025-26 utilizing the current reserve policy to determine target levels. The FY 2024-25 Year End projected reserve balances are also shown below. FY26 Projected FY25 Year End Reserve Fund Categories Target Levels* Projections Over/(Under) Operating Reserve $ 30,714,289 $ 30,208,680 $ (505,609) Emergency Reserve 7,907,652 8,276,738 369,086 Capital Replacement Reserve 52,419,855 20,479,625 (31,940,230) Rate Stabilization Reserve 5,358,139 4,610,217 (747,922) Employee Liability Reserve (Restricted) 594,418 732,242 137,824 Conservation Reserve (Restricted) - 49,566 49,566 Total $ 96,994,353 $ 64,357,068 $ (32,637,285) * FY 2025-26 projected target levels are calculated based on the District's adopted reserve policy. Page 15 of 24 Reserve Balances & Target Levels Graph FY26 Projected Target ❑FY25 Year End Projection $30,714,289 Operating $30,208,680 $7,907,652 Emergency $8,276,738 $52,419,855 Capital Replacement $20,479,625 $5,358,139 Rate Stabilization PP � $4,610,217 $594,418 Employee Liability (Restricted) $732,242 �>u Conservation (Restricted) $49,566 $0 $10 $20 $30 $40 $50 $60 Millions Page 16 of 24 YL W l: NOW v �x_ CIP u p ate 4 IIs Cap*Ital 4/24/2025 14 5-Year CIP and Capital Outlay E; FUNDING "• TOTAL P Booster Pump Station Rehab $ 400,000 $ 2,100,000 $ 3,900,000 e Projects(See list below for breakdown) $ 1,130,000 $ 800,000 $ 870,000 $ 980,000 $ 1,140,000 ��� abilitation(Wells No.1 and 10) $ 420,000 $ 300,000 ��� of its da Booster Pump Station Rehab.and Natural Gas Emergency Back Up Generator $ 150,000 $ 650,000 $ 500,000 of M w Booster Pump Station Rehab.and Natural Gas Emergency Back Up Generator $ 150,000 $ 500,000 f i t s rilling&Equipping $ 599,409 $ 2,880,344 $ 1,521,984 $ 5,769,668 Reservoir Rehabilitation $ 390,000 $ 650,000 Avenue Waterline $ 310,000 Sewer Buena Vista Sewer Main Improvements $ 340,000 $ 1,380,000 $ 1,720,000 Kellogg Dr Sewer Main Upsize $ 700,000 $ 2,300,000 $ 3,000,000 Pay-Go Green Crest Sewer Lift Station $ 400,000 $ 400,000 $ 800,000 FY26-27 Sewer Cl PP Rehabilitation Project $ 400,000 $ 400,000 FY28-29 Sewer Cl PP Rehabilitation Project $ 400,000 $ 400,000 Sewer CIP Totall $ 1,100,000 1 $ 3,100,000 1 $ 740,000 1 $ 1,380,000 1 $ 6,320,000 Grant USEPA Community Grant Funding for Green Crest Sewer Lift Station($300,000,20%Match of$75,000) $ (150,000) $ (150,000) $ (300,000) Sewer Pay-Go Total Excluding Grant Fundingil $ 950,000 1 $ 2,950,000 1 $ - $ 740,000 $ 1,380,000 $ 6,020,000 Capital Outlay Total Vehicle Replacements $ 866,453 $ 890,000 $ 1,150,000 $ 635,000 $ 495,000 $ 4,036,453 Cl2 Generator for Lakeview $ 150,000 $ - $ - $ - $ - $ 150,000 Install Carpet in Building 4 $ 150,000 $ $ $ $ $ 150,000 Vehicle Lift for Mechanic Shop $ 65,000 $ $ $ $ $ 65,000 Replace Highland Reservoir PLC $ 35,000 $ $ $ $ $ 35,000 Replace Check Valve at Valley View $ 20,000 $ $ $ $ $ 20,000 Electric Gate for Lakeview $ 10,000 $ $ $ $ $ 10,000 Pay-Go Enterprise Resource Planning(ERP)System $ 250,000 $ 1,000,000 $ $ $ $ 1,250,000 Host Replacements(Miraloma&Las Vegas) $ - $ - $ 250,000 $ 150,000 $ $ 400,000 Switch Replacement Program $ 110,000 $ 110,000 $ - $ - $ $ 220,000 Server Room-UPS Replacement $ 140,000 $ - $ $ $ $ 140,000 Cisco Server Replacement $ - $ 80,000 $ $ $ $ 80,000 Firewall Replacements(6) $ - $ - $ $ $ 60,000 $ 60,000 Network Attached Storage(NAS)Replacement $ 35,000 $ $ $ $ - $ 35,000 Plotter Replacement I $ - $ $ $ 20,000 $ - $ 20,000 Capital Outlay Total 1 $ 1,831,453 $ 2,080,000 $ 1,400,000 $ 805,000 $ 555,000 $ 6,671,453 GRAND TOTAL-CAPITAL IMPROVEMENT&CAPITAL OUTLAYI $ 5,581,305 1 $ 9,750,086 1 $ 7,200,496 1 $ 4,617,417 1 $ 3,575,000 1 $ 30,724,304 Page 18 of 24 YL W eques s 3 4/24/2025 Commodity Rate - Variable & Fixed Costs 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 Power Delivery Proposed Rate (Variable/Fixed) . • • Uniform Rate $2.77 $0.26 $0.71 $3.74 Percentage Allocation 74% 7% 19% 100% Water Supply Detail: SupplyWater Y Allocation Fixed Costs $ 0.28 10% Variable Costs $ 2.49 90% Total Water Supply Cost $ 2.77 100% Conclusion: Total Fixed Costs are $ 0.99 or 26% of the Commodity Rate. Total Variable Costs are $2.72 or 74% of the Commodity Rate. 4/24/2025 Page 20 of 24 Effect on Customer Bill Current Assumptions qqw/9%Wtr& 15% Swr Adj w/9%Wtr&9.3% Swr Adj 2025-26 (Pass-Through $0.34) (Pass-Through $0.37) Monthly Water Related Charges $119.97 $130.48 Monthly Sewer Related Charges $13.77 $15.05 (ExcludesAvg Monthly Bill(17 units) Alm, . . •- Average monthly bill increase of $11 .79/month Percentage increase of 8.8% *Capital Finance Charge (CFC) $12.27 monthly $13.38 monthly (billed annually on property taxes) ($147.24 annually) ($160.56 annually) Total Avg All-in Cost Per Month (Includes Capital Finance Charge) Total average cost increase of $12.90/month Percentage increase of 8.8% The CFC is an annual fee that is reflected on the property tax bill of the customer. Page 21 of 24 Projected OCWD and MET Rates OCWD 5-Year Replenishment Assessment Projection 85% BPP :0 711 $620 MET Overall Rate Increase 14.0% 12.0% 11.5% 11.5% 10.0% 8.5% 8.5% U) 8.0% 6.0% 5.0% 5.0% 4.0% 2.0% 0.0% 10 MET Approved Rates: 2025 2026 2027 2028 2029 2030 Effective January 1st 2025 % Incr 2026 % Incr Calendar Year Treated ($/AF) $ 1,395 1 1% $ 1,528 10% Untreated ($/AF) $ 912 1% $ 984 8% RTS Charge ($M) $ 181 8% $ 188 4% Capacity Charge ($/cfs) $ 13,000 16% $ 14,500 12% Page 22 of 24 Dues and Memberships - Administration (slide 1 of 2) Estimated 11W Cost Services Provided Regulatory alerts and advisories;discounted access to AWWA standards and employee technical training;includes six(6)employee American Water Works Association(AWWA) $ 4,950 memberships and agency regional membership with CA-NV AWWA. BOD posted on website;established in 1881;develops and publishes indistry standards;strategic plan posted on website.Thousands of members. Association of California Cities-Orange County Partner with key leaders in public and private sectors;develop public policy goals and improve delivery of public services;opportunity (ACC-OC) $ 5,000 to sponsor and speaker at event;discounted registration for events.Established 2011;BOD posted on website. Membership disclosed on website including 26 OC cities and 13 special districts. Legislative and regulatory representation on state and federal levels;access to benefits and insurance programs through ACWA-JPIA; educational resources and employee training;discounted registration for events Incorporated 1970;largest statewide coalition of public Association of California Water Agencies(ACWA) $ 27,800 water agencies in the country,approximately 470 public agency members=90%of the water delivered in California;BOD disclosed on website California Association of Sanitation Agencies $ 6,900 Legislative advocacy on local,state,and federal levels;information on regulatory issues;discounted registration for events. Established (CASA) 1953;Bylaws/BOD posted on website; 130+ member agencies California Chamber of Commerce(CalChamber) Resources for labor law compliance and legislative advocacy.Used by YLWD as an HR resource;forms available at less cost than $ 500 through other sources. Legislative advocacy on state level;educational resources and employee training;discounted registration for events.Established 1969; California Special Districts Association(CSDA) $ 10,000 over 1,300 member agencies;Transparency section on website includes BOD/Policies/staffing. Legislative advocacy on local and state levels;facilitate operational and education resources to ensure effective operation and Community Water Systems Alliance(CWSA) $ 5,000 governance of mutual water companies and small water systems in CA. 17 members listed on website.YLWD not currently a member according to the website. BOD/bylaws etc not disclosed on website. Orange County Local Area Formation Commission Mandatory recovery fee for oversight,studies,and engagement associated with the delivery of effective and efficient public services (OC LAFCO) $ 36,500 such as water,sewer,and public safety,etc.;County of Orange,all 34 cities,and all special districts in OC are required to pay these fees. BOD/strategic plan disclosed on website. National coalition dedicated to improving the Endangered Species Act;legislative advocacy for proposals being considered by National Endangered Species Act Reform Coalition $ 1,000 Congress and federal agencies.Established 1991;Washington DC law/lobby firm"all of NESARC's management and administrative (NESARC) services,legal and legislative drafting services,strategic counsel,and lobbying expertise"per website.YLWD not cureentlky listed as a member. Staff recommends further Board discussion,input and direction on the highlighted items. Non-highlighted items are longstanding memberships where there is frequent participation, education, engagement, and/or conference attendance by Board and YLWD staff. Dues and Memberships - Administration (slide 2 of 2) Cost Partner with key leaders in business,local government,and non-profit sectors;promote economic development and quality of life. Orange County Business Council(OCBC) $ 5,000 Established in 1995 when several simialr pre-existing groups datingback to 1893 merged.BOD/Mission disclosed on website;YLWD has been a member in the past but is not currently a member. Orange County Water Association(OCWA) $ 250 Unlimited Director/employee membership for flat price;discounted registration for in-person events.Numerous educational opportunities/events/seminars for board and staff. Established 1960; BOD/bylaws disclosed on website. Establish and maintain positive relationships with local businesses,residents,and government agencies to encourage community Placentia Chamber of Commerce $ 950 involvement and economic growth;discounted registration for events.YLWD is alongstanding member and is represented on the Board of Directors by Joanna Gonzalez;Established 1924;membership and BOD disclosed on website. Represents regional water interests and stakeholders in public and private sectors;promotes public education on critical water issues. Southern California Water Coalition(SCWC) $ 1,000 Established 1984;membership/BOD disclosed on website. Promote public education on water economics,water policy,and water resource management;discounted registration for events. Urban Water Institute(UWI) $ 5,000 Conferneces for Board and staff with relevant current events and education.Established 1993 by Orange Countian Wayne Clark; Membership and BOD disclosed on website. Address wildfire risk and related issues by raising awareness and advocating for federal government solutions.Established January 2025; Wildfire Alliance*NEW $ 5,000 no lisitng of members/blows/BOD;hosted by Washington lobbyist/lawfirm. Per Executive Director,just 6 members nationwide,and is a FOR PROFIT limited liability company that is"wholly owned by Nick Crockett and Ryan Leavitt"who are Washington DC lobbyists. Establish and maintain positive relationships with local businesses,residents,and government agencies;encourage economic,civic, Yorba Linda Chamber of Commerce $ 850 and industrial success of local community,discounted registration for events.YLWD is a longtime member;represented on BOD by Mark Toy,Establised 1923;BOD and membership disclosed on website. Miscellaneous $ 1,000 TOTAL $116,700 Staff recommends further Board discussion,input and direction on the highlighted items. Non-highlighted items are longstanding memberships where there is frequent participation, education, engagement, and/or conference attendance by Board and YLWD staff. REVISED - ITEM NO. 9.1 Reserve Balances & Target Levels Description: The following reflects the projected reserve target levels for FY 2025-26 utilizing the current reserve policy to determine target levels. The FY 2024-25 Year End projected reserve balances are also shown below. FY26 Projected FY25 Year End Reserve Fund Categories Target Levels* ' Projections Over/(Under) Operating Reserve $ 30,714,289 $ 30,208,680 $ (505,609) Emergency Reserve 7,907,652 8,276,738 369,086 Capital Replacement Reserve 33,875,623 20,479,625 (13,395,998) Rate Stabilization Reserve 5,358,139 4,610,217 (747,922) Employee Liability Reserve (Restricted) 594,418 732,242 137,824 Conservation Reserve (Restricted) - 49,566 49,566 Total $ 78,450,121 $ 64,357,068 $ (14,093,053) * FY 2025-26 projected target levels are calculated based on the District's adopted reserve policy. REVISED - ITEM NO. 9.1 Reserve Balances & Target Levels Graph IFY26 Projected Target ❑FY25 Year End Projection Operating $30,208,680 57,907,652 Emergency $8,276,738 533,875,6)3 Capital Replacement I $20,479,625 I 358,1 39 Rate Stabilization I $4,610,217 Employee Liability (Restricted) $732,242 So Conservation (Restricted) 1 $49,566 $0 $5 $10 $15 $20 $25 $30 $35 $40 Millions