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City of Fernley, Nevada

City of Fernley, Nevada. Water and Sewer Utility Rates & Connection Charges. . . S E W E R. W A T E R. Final Rate Study Findings. June 6, 2007. . 8201 – 164 th Ave. NE, Suite 300, Redmond, WA 98052  425-867-1802. Presentation Outline.

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City of Fernley, Nevada

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  1. City of Fernley, Nevada Water and Sewer Utility Rates & Connection Charges   S E W E R W A T E R Final Rate Study Findings June 6, 2007 . 8201 – 164th Ave. NE, Suite 300, Redmond, WA 98052  425-867-1802

  2. Presentation Outline • Summary of Changes Since April 18 Presentation • Sewer Results • Water Results

  3. Summary of Changes • Sewer Utility • Eliminated $26 million EWWTP Phase 2 expansion project; minor other changes • Significantly reduced proposed sewer connection charge • No change to proposed sewer user charges • Water Results • Minor increase in total CIP; shift in allocation of treatment plant costs from growth to existing customers • Reduced proposed water connection charge • Larger increase needed in near-term water user rates

  4. SEWER UTILITY

  5. SewerGrowth Projections

  6. Sewer Connection Charge

  7. SewerCapital Financing Plan • $32.0 million (inflated) in planned capital projects 2007 - 2012 • Developer-funded: $0.1 million (0.3%) • Total debt proceeds: $15.4 million (48.1%) • Total cash funding: $16.5 million (51.6%)

  8. SewerRevenue Requirements

  9. SewerRate Comparison

  10. WATER UTILITY

  11. WaterGrowth Projections

  12. Water Connection Charge

  13. Water Connection Charge Meter Size Schedule

  14. WaterCapital Financing Plan • $101.7 million (inflated) in planned capital projects FYE 2007 - 2011 • Developer-funded: $0.1 million (0.1%) • Total debt proceeds: $83.8 million (82.4%) • Total cash funding: $17.8 million (17.5%) $50 million bond proceeds received year prior to need; reflected in 2007 fund balance

  15. WaterRevenue Requirements • Major cost drivers • Additional treatment O&M costs • System reinvestment funding • Debt service not funded with connection charges

  16. Water Costs by Customer Class

  17. Water RatesResidential - Individually Metered Existing rate structure recovers 65% / 35% between base / volume charges Cost of service rate structure recovers about 30% / 70% from base / volume charges Block 1 set equal to average winter use (53% of customer bills) Block 2 set equal to about 2 x average annual use (36% of customer bills) Block 3 targets high water users (11% of customer bills)

  18. Water RatesResidential – Master Metered Existing rate structure recovers 90% / 10% base / volume compared to 25% / 75% in the cost of service rate structure

  19. Water RatesCommercial Existing rate structure (25% / 75% base / volume) recovers less more costs from the volume charge compared to the cost of service rate structure (20% / 80% base / volume)

  20. Sample Water Bills Customer with average usageof 14 kgalwill see just under a $12 increase in their monthly bill under COS 2008 rates Customers over 30,000 gallons will experience increasingly higher bills under 2008 COS

  21. Sample Water Bills

  22. Sample Water Bills

  23. Sample Water Bills

  24. Sample Water Bills

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