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HomeMy WebLinkAbout1996-02-26 96-130 ORDERCOUNCIL ACTION bate: 2-26-96 Iters NO 96-130 Item/Subject: ORDER, Establishing Sewer Bates to go into Effect for Accounts Billai [Mich through June, 1996 Responsible DeparteanG City Council Commentary: Councilor Popper has requested that Ne attached Council Order be introduced in order to return s rates to the level i effect at the end of December, 1996. In January, a 2.5t rate increase was adopted with the rates to be phased in ever the first billing quarter of the year. The attached Order would freeze the rate currently in affect ($9.11 per 100 c. ft.) for a period of time and then phase the rate back to the original rate by the and of June. within this framework, all customers would feel the effect of a 1.751 rate increase although it would generally be split between two bills. This Order has been discussed by the Ad -Hoc Sewer Committee and the Municipal Operations Committee and is forwarded to the Council without Committee recommendation. Ruch of the discussion at both meetings focused on the effect of this change on future sewer rate increases. e Making this change will increase Ne level of rate increasesrequired in future years in return for somewhat lower rates for a period of time. Also attached please find the various rate increase scenarios prepared for the Municipal Operations Committee as well as historic sever utility cash flow information. Manager's Comments: Underlying this issue is the reality that the sewer fund will require continued, although smaller, rate in in the future. As important as the issue of current rates maybe, itsmust be decided within Me context of the futuretimingand size of rate increases and Me Council's level of comfort with them. We should not lose sight of Ne positive reality that future increases, regardless of this decision, will be smaller than those experienced in the past. Under all options, Ne Sewer Fund will have sufficient resources to continue to operate. As such, this is a policy issue. If reduced, rage residential ratepayer will realize savings of 92.20 per quarter for the period in which the lower rates will be in effect. /1 //,d Associated Information: Cider, Memo from City Manager, Utility Cashxm clow Information Legal Approval: C�Z/TY SOLICITOR Introdvcad For Passage _ First Feadi`y Page_of_ Referral 96-130 (AMENDMENT BY SUBSTITUTION) Assigned to Csunceor CITY OF BANGOR Establishing Bewez Us at Rates To Go Into Effect TITLE) qr3¢r, ............ ...... ...... _._ ........... For Accounts Billed March 25, 1996 through June 30, 1997 By the City CauawQ of W CUy a/Banger: ORDERED, THAT the following sewer user rates a adopted effective March 25, 1996 for the period ending June 30, 1997: Quarterly Monthly Rate Minimum Minimum $4.14/hcf* $49.68 $16.56 *hundred cubic feet The rates provided above shall be applied to all accounts billed on or after March 25, 1996. This Order supercedes all prior Council Orders establishing volume -based sewer rates. 96-130 Aeei�ed b(:d Popper February 26, 1996 CITY OF BANGOR Establishing Seiner User Rates to go into (TITLE'1 -..- ---_.- RE Wd6anfs BillerlMarch throug6.Nne, 1996 By Me 6Yty CsyneH Af W IX6y OfBaayue: ORDERED, THAT THAT the fallowing sewer user rates shall become effective on accounts billed an or afters I Quarterly Date Rate MinimMonthly us Minlu 03-03-96 4.11 - - - 49.32 16.44 - 05-05-96 - 4.10 - 49.20 16.40 05-12-96 4.09 49.08 16.36 05-19-96 4.09 - 49.08 16.36 _ 05-26-96 - -4.08 48.96 16.32 - - 06-02-96 4.07 48.84 16.28 06-09-96 4.06 48.72 16.24 06-16-96 4.06 48.72 16.24. 06-23-96 4.05 48.60 - 16.20 06-30-96 4.04 48.48 16.16 IN CITY COUNCIL February 26, 1996 Motion to Amend. by - 96-130 ,:gubstii tdoh O R D E R Motion Passed - Vote:9 yes - - -fonpcilo in Voting. yes: _ - Baldacci, B1anthette, Prankei, f PIUS, Establishing Sewer User Rates to Leen, Popper, Soucy, Sullivan, < go Into Effect for Accounts Billed March Tyler & Woodcock ' through June, 1996 Motion to refer to Committee "" ..... ....................... .. (Ad Hoc Sawer)&.Municipal - Operations) - ............................. ...../ Motion Failed vote:no, 4 rya, Councilors voting no: Balaac (TJa�//Wi1'1_/1Ky l~<r�✓,','/]N� Frankel, Leen, Popper, & Sullivan Aepgandt Councilors voting yes: Blanchette, Soucy, 'Tyler & Woodcock �....cR...P ......... 5 m3wcersrecess called by' Co ncilman COuacilor Blanchette ' Motion to Reconsider Referral to Committee Notion Passed Vote: ) yes, 2 n Councilors voting yes: Baldaccf Blanchette,. Frankel, Leen, Soucy, 'Tyler 6 Woodcock Councilors voting no: Popper & Sullivan Mopidnalo Refer to Committee Motion Passed Referred t0 As HOC Sewer Committee & Hunicipgl rations Committee CITY ULCER IN CITY COUNCIL March 13, 1996 Charlie Belfen, 16th Street Resident, asked if there would be any rate change anticipated in Judy of 1996. He also questioned why surplus monies is needed in sewer account. He feels interest made on these accounts would off -set rates increases. Motion to refer back to Committee Motion failed Vote: 5rno.3 yes, 1 absent r. Councilors voting O ag n Baldacci, Frankel, Leen, Copps[ 6 Councilorss Sullivan. voting yea: B1ancM1ecte. Tyler 6Woodcock Councilor Absent Soucy Motion for Passage as Previously Amended by Substitution Vote: 5 yes, 3 no, 1 absent Councilors voting yes: Baldaccf, Frankel, Leen, Popper A Sullivan. Councilors voting no: Blanchette, Tyler 6 Woodcock Councilor ant: gouty d b EohsC3CYCion ITV\� MLMoJL1" March 1, 19% TO: Members of the City Council FR: James D.Ring,CityEngineer Ki Sewer Rate Background Material �� The M Hoc Sewer Committee has recommended that the frill Council receive these materials as background for sewer rate discussions. The attached charm were taken from the Sewer Rate and Stormwater Feasibility Analysis Phase I Report prepared by CH2M- FUL and submitted in January, 1994. The charts show the projected rates, revenues, and expenses, based on 1992.doll m, for the period FY1992 through FY1999. If you have my questions, or if you wish a copy of the fdl CHoar-F L report, please let me know. SD.R. J qb M R�Rm 4mI Fop Plab Flromld PYn alWb! FlUmapp 0W 11,d "INA 1N0 PMIxNS F Igor Pml>Ri0 WINS qb M R�Rm 4mI Fop Plab Flromld PYn alWb! FlUmapp 0W 11,d "INA 1N0 PMIxNS F Igor Pml>Ri0 WINS NoOOSS MOST PnIxIM "INS NgSSSN "INS Rk,""A BOA® AlNAM NA $I Or 971 SIMM tmoIN i i i91w vr.Rmxs.mx Pn CB0FeA 18W fYIPlS N&5 5199519 EINRN CS0Fae 1985 FV E1959N Ceo Fae 1886%1 N6BR 11YSW cso P.11Ni Frew SIMSW w Rew ms's w1w 7 ww CmFa>u less EST SIMS" BR w wiN csg Pao lNi Fv1 wB iN RFaEmmMmol Fx BTaW "JI0 WAIN Hax N E616Po 10N *Is= VIMRN CurzmXmnu FUM>SC RM w N edlWwrvaP aN N AM 5 NTSR Nnnb Rauanuu m RazvuNveM MNtllwmac 1 1 $41 IN ie 91R E191N Y ft E101 A NO N505 %SI RBservwlba5 iq tI1SA E589Ni wB %wnun tT56 B t15Tl 0 11 BI 75, N678M7 $84P7,09 9�5935 ni MnuLPorcmlyegayelnPW IIwMNpla y Muunn O pemaO ennuL Soly 47 4% O W 90In [pnllry em"ses C)Han dWµvla Y No me] m Nmy m>M1ng YMM wMn Ro yearlm ,.i p wlnlw r.. q MNOUNP61:10 nrem"hl in Inm WIMN """,0 1,,,,Nnlmomml NISSAN nm a IN ISS; WMlen x IN N,,, ISur 4xn k Yeum lm .. q pmN Nx¢N w IS wu nNl IN nm>NMnn. ' CIMPIOV.ryp, Pl.nn.J Cepiul lmproollarssand FunNnB I1892 Dollxa Im wtt FY 1954 FY 1995 W1W8 try IN] FY 1988 FY 1999 C80 FWitter Plan PM1H"I PAFE on a $'xoom GM.nVAIG ON ng In R mem 08Ns &mk Gnnecti %e ammum 3001 F' HOmmo Bbeel Gnmotin RO a mem - 132 ooa WISCOD KP& N' b29 KBnamM ¢Wul 6 Imerm IMa3fiutlon 6o Mo M '$Unpn Btv WBIOIMW'?cetlore $9 Wp 6+hb1sI PAHae1 EWOOm $100. 010 S191W0 g9100o $1614WO $280000 !0 C50 Fadlilb¢%.n Pit 011 wS OL Arclic Brcak6e 5135000 g2o0m0 1MA VBtl90wx S. e6on 5]98 No E500000 cwM s.was rBSon $uNMYC$O PM1a¢011 $933 Wo ]x000 WOOD $em 00 854700) 513TOM $2 OOo tOCrOOO $a0]0oo SI.Mo0o Ogs,ow CN.OW E6670W 1507.0W C60 Fadtlie¢ %Hn PAeBe III I(emuake E.NSI« a Subloml C80 PAa¢elll EO 80 flea 000 $1194 OW $105 or E1 016 Wo Total C60 F8clhlrs Man (c) 1433000 11,M000 E1768000 $I71200o $1.40,000 $1 2Mo OIMrC .I Pra qa MCWanbmokBwnrG ration $ad6010 ESm 000 1811411, Aw ,R "n A Om6e motion $39x0 oom 1500,000 5500001 Ead9mmWm Smm IGuri $101013 On 'n NP ai 100000 Td81 qAx C0' IPm m Y592013 $6000M $100000 We 0 100000 EWOWO 108801 $800000 $100 MO 100000 TWIG IP ech im20MHn 025000 #343000 InflalbnF NO. TWIG' IP acla ROollar¢ 028001 $ 60259 OW IewBnm fMi120$ E2 WWo 112.88% 6 'M$ 04 E2 0 M0 11593% B90 d2 6IN 019000 11941%18299% 2410792 Et CICNo 0150 % I6 OlL Wm: 0) Gymtleetlmale be¢.ionugelea inlxmeuan C50Mm plotmet wlimabwu $1.162poo. b) Chy mN astimtle h only bl IM par0on d iM1e project RM remai ne to IN m,atwea a) sdvcule for 1mCq8.omIwenTBRy mpkof COO O Memipo¢b.,ntbM1a0 InnCOO faulty Am. a) Projector]wabt norm. negSINpe mnflawtlrg llfly. able3 - CITY e ProIxmG Rhes, Rea Revenues enu and Reserves AUEi1eif "1932 EstimamE FY198a Bua sad FY 1894 Projected FY 1995 Nc)eamU FY1898 Prc)emed FY an Pmlemetl FY199a Pro)ecle0 FY ton Rmnuefl ulamehis Fmm Rete, 3]5 58 332]]n 904800 58]809] 649] 85 ] 45935 ]820891 8229282 Anile ted Percents a Rate Increases Jul 181 Janus 1st 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 7.50% ]50% ].50% ].60 ].50% 5.00% 5.00% 250% 2.50% 2.50% Sewer Rates Jul list - Daamber 319 Janus 1 -June 301M1 .03 .23 ffiAS .68 2.95 $3.25 A9 .76 .04 .94 5] $4.90 .14 5.2] $5.40 $5.54 Pmeclecf Billable Sewer Rime a 155459200 193.0n,100 161440309 158033826 158235468 1568 133 155 6601 1534M.73 Pro WO Ram Revenues Ju s ISt.Jmber01s1 Janne ate Revenues Tss: Rate Revenues Legs: U Rate aillianbliAllowance M ustatl Ram Revenues 1500955 1]19 18 308 1]1 0 3001]1 188]0]5 2 95]0] $4162 ]a2 $4182782 2301383 823535 094890 100090 904800 $289100 a )6 $5]939]8 115 80 559009] 19839 433]10 $365] 1 902 51965]26 2 145 5 252940 663008] 132 01 4 495852 0]2 5a 398405 $167468 UnstIcs) $149,917 STM.9M 1 1445 $7,910,812 Revenue SlprOall/Sur Ius In Pm em¢a Cash Bianca Fmwamc 32 13 1804658 M5.00 $2.MI.6n 1068938 $0 105)398 1802 to9921 W9.361 559 2 1155 13043) T as Charter q¢gpemi 81825 HC Ju 1 t-Decemasr918t M.75 $8125 ]3.]5 $87.25 101.00 118.75 129.50 135.00 Ho1s8: a)ASWmes intrust reduction In tillable sorer asega of l Percent b) Revenue suryluesM1amall is netts any plane l tlmwEorwm of system reserves (see fable 1). rmOrvear balance aus rovonm.urmue ma.e<e..ae............_ I. COMPARISON OF RATE INCREASE EFFECTS ON AN "AVERAGE" BANGOR RATEPAYER (3IW CUBIC FEET PER QUARTER USAGE) Undiscounted Case Ending Compound Rate Immense Total Cash Flow C $4.87 17.63% $3;136.28 $$33,,1136288 $2840.52 D 55.42 30.92% $3163.88 U$3179eIR248 E $5.52 .33.33% $3173.08 $31]3.08 $2,85].49 B $5.55 34.06% $3,185.04 $3,185.04 1 $2863.52 A $6.03 45.65% $3191.48 $3,191.481 $2865.30 Discounted at 3.0 Case Endm9 Rate Compound Increase Toml as Net Peeamt Flow Value C C 1].9631/ $$33,,1136288 $2840.52 D $5.551 34.06% 302%63.8 $2852.91 E $5.52 33.33% $31]3.08 $2,85].49 B $5.551 34.06% $3,185.04 1 $2863.52 A $6.031 45.65%1 $3,191.481 $2865.30 Discounted at 5.0% Case Ending Rate I Compound Increase Flow I ToWCuhM$2673 A C 14.87 17.63% $3136.28 $5.551 34.06% D $5.42 30.92% $3163.88 $3,1]3.08 E $5.521 33.33% 53,1]3.08A $2,502.13 C $6.03 45.65% $3191.49B $2,349.90 C $5.551 34.06% $3185.04 $2360.22 Discounted at 7.0% Case Ending Compound Rate Increase Total Cash now Net Present Value A $6.031 45.65% 13,191.48 2498.69 B $5.551 34.06% $3185.04 $2501.37 E $5.52 33.33% $3,1]3.08 $2,501.70 D 55.42 30.92% $3,163.88 $2,502.13 C $4.87 17.63% $3 136.28 $2 505.86 Discounted at 9.0% Cue Ending Bate Compound Increase as Cub Flow Net Present Value A 56.03 45.65% $3,19(.48 $2,340.11 B $5.55 34.06% $3,185.04 $2344.43 E $5.52 33.33% $3173.08 $2,347.38 D $5.42 30.92% $3163.88 $2,349.90 C $4.87 17.63% $3136.28 $2360.22 9lr(� PROFORMA SEWER UTILITY CASH PROJECTIONS CASE A: INCREASES WHEN AND AS NEEDED TO AVOID NEGATIVE CASH BALANCES Cuhfbwfram opemrlone _ 1996 199] 19981999 E4,I4 $4,14 moo SSA] SA7 825% 1001 303 I CHANCE% _ CnvBm for Service luso Rn) 33,632,441 5569;8% $5,591. 1] 55,535,503 $6,676.891 P,169,6n Ill $].74],294 3795% tirrelinB Wpms¢ _ $31]90, W1 32,042641 -Sy879JW S2,7 0,496 _ P3.@3.475 U.561.942 _ $3,1]4.649 8.160.754 __$3,113381 OJ43$10 13.500.050 9J6�75053 4.850.82 38]1% _ _ AFFroaimareoperorlllflmr _ Dol Al 3483,489 3661% Iner niM1 NHon'e 53.69281 53.]86.189 9.951,471 ReliIle[mmmlal Rcl/L1051 $194,299 r Revmun E3W,ON E300,0.tl $3115.70 530,000 SIMOW $3WSW $300.0m $31 Mall Fi*ire mqp ur Hermon SoXlvnml 31,950,00 EI,0O,W3 ohl Ammal Revmml/L 630 $5,747.593 $5,763,139 S5,705.81 9,648.470 INe2tllnmme S10.OW $75AM $134032 S9&958 $42,580 $3l Sl $3Q2]9 $114969 ToUl othacarh ml S1,]]0l 31,915,428 $434,42 $398,958 3342.790 $330119 $M17 3330,179 $5535503 nerca:homno.e 67.164,694 $7,418.58 $7.742,294 xpense inflation Slow 515% 50% 5.0% 50% Due la GF 5Pb 5%6 50% MA87 3W,487 $0,487 260,487 $ 0,487 .L 6% FmiNnBD, Serviu 9,940.501 53,389,622 $3,296,90 $3,20,945 S3,0133,601 5$.24.750 SZV7,442 $2,846.615 tl 4I 523 Ner CeMBwim 13381,438 S187.1261 Sol $63.948 370,446 595907 51,133,964 $1,113,96] cool oOvcash Sol 33$ 501 33.7]1,70 9,10,4,4 9.89,H0 13,934.534 31.94,415 54,0]1,493 $9,80.569 19.21% Net carh 11k,SIAIi1,141 $11172A% 0701A001 (SIJ27$ 8) 1324,4941 487 32,053 MA01 Ill carh Ill $1,108.%3 9)0.639 $11579.159 5151 j91 $203.146 $]O>,SI4 5205,587 En Jin nrh SI.WA 0 $3 0 9 $1 79159 3451591 5203146 $iN 3d $]OS ] 519 '186 Rnk 111 per 0 b' f w. ROC I/I per 100 ouw fm wmu 0emiwnunlm&uvreez nni-wlunlrNn unease 1/1 (9.110 WIN 750% 850%___ H.14 81.14 $4,14 H.14 E4,I4 $4,14 S5.05 ¢OS n.0M SSA] SA7 825% $5,72 1572 A50% 34.07 $6,03 5.50% 15.65% • naaliu6 poreenla8e iumase _ _ IO.I9% ___ _ _ 8.00% __ _ 825% 4.50% 550% 45609 ` OmnW Bax Rer l/1-12/31 8.613,58 53,801.70 $2.852,169 $2,94.036 8.79592 53346,465 $3,00.709 13.]48,32] Pzl Rue Rer 1/1430 $2SIQ380 9.881.30 $2.852.764 $2$4,86 Ill 53.69281 53.]86.189 9.951,471 ReliIle[mmmlal Rcl/L1051 $194,299 $606$89 877.164 8163329 320.703 ENimNe61nuunenul Rev M WO Al ohl Ammal Revmml/L 630 $5,747.593 $5,763,139 S5,705.81 9,648.470 %,813.155 8310,912 87.570)6 8.90300 Itis 2%bittWvulkMbla $114,952 $115,23 $114.111 $114969 $136>3 $146,218 $151,405 $158,006 IS Atmal All 00 55.02,691 $5,641,8% 85591.417 $5535503 66.061891 67.164,694 $7,418.58 $7.742,294 xpense inflation Slow 515% 50% 5.0% 50% 50% 5Pb 5%6 50% 47.75% wh0aval -La% -Lau .lox .L 6% -LO% -10% -LO% -LOYo a.u% R54mmeb biNblc Mw 110 1 868 13930 )l9 9]0196]0 tl 4I 523 1330]210 13381,438 1323424 13100302 'ReOepi percmrege imraw fiom nrrtnt batt nle of5,4.19/al'. Numbve tliR tlueb mun6ing of mllu wounY. PROFORMA SEWER UTILITY CASH PROJECTIONS LASE B:34.00%INCREASE JULY 1, 1999, NONE THEREAFTER xM1 now from o9enelone 19% $5,632,641 199]1998 $5 W],8% $5,591,417 1999 $5535,503 _ 2000 $7,334,443 3001 $7,231109 2002 2003 CRANGHA wins fimBmew (me lee) S7,200,378 V,12M74 26.5594 _$1_]90,0) $3,843,441 $2,SN__,SW_ 53.169,396 53,033,415 52,567,00E ID174N9 53,160,859 55D3,181 54,001.%3 _ $3,500,050 $3,]]1,059 __$3,6]5053 $1.858,805 3831% OO,onmvl n(mg<nh non 51.535x35 E3.169$69 1503% m ..... b mBnw. mal)Hva Rev l/1.6130 �IMOW 8324,380 52,884580 8,85;764 8,824,236 33,248.252 $3.210,770 0,69,662 he.Rerenue $3),0) 1300,000 $300,000 $300,000 $3)000 VOODOO, 3300.000 $380,)0 obit NpeluxuHemp6m Harmon Bwlemml $1,450,00 $1,600,000 $69,392 I'MeW lnmme AQO) 3]5428 $)34030 $98,958 $42,580 MIS $70,119 $61)96 S),34]324 aYl other rash lnOnwe 51.]70,000 51.9]5428 11434,032 3398,958 043,530 3361035 5370,119 5361.396 5144006 Ib ..... h numnw. Net Mnual Revenax 600 55,632641 0,647.896 15.591,417 0.535503 17,334,W S2373J09 $2000378 Our w OF pmwinnalion laelor 50% $0,487 $).48] %0487 SK487 550.407 50% Evivi000ebt 5er,= $3,540,501 $3,384,622 13,296.969 0,200.945 53.083.601 $2.974,2.50 $3,877.442 0,846.615 -10%4.0% ow Debt Seemice -].]3% $I B], Vb $40Q485 $625948 5390.446 7059.677 $1, 133.9M $1,313,463 1323842N IN other ensb OWIMI 6 5334,501 0}]1,]48 0.703054 AAB]j$B 53,934$54 $3994414 N0]1J93 0,]2,569 19.t1`h Net rash Mw S1OR, tl1 S1,177,076 (5701480 ($412]368) 34"Jel SI41fA (SI ]6049 ISSNpM BoBlnninS Free 570022 S1J),563 52,28,659 51,579,159 3 IMI 5%0,6% 110023]8 5835,939 [Nogg oM 1/108563 52 80 39 1109159 051 9l SB) 98 SI 03 ]8 5825 Sll6 36 Ram 7/I pee IN Do We wwr kl/I per IN ,bi, lxl wale, i.xwai=NAZ1,s 7/1 8xniannuil xle inuw¢1/1 5404 $4.14 ]50% 350% $4.14 $4.14 $414 $414 54.14 H.I4 $5.55 $5.55 34)% $5.55 55.55 55.55 0.55 5555 $5.55 34.06%` AnnualixLpxeenM1ge invenm 10.19% 1400% 3400% ` ire"Sae Rev]/1-1231 $1645522 $2,881,580 $2,852,]64 0,824,236 8.295,9% 53,710,770 0,6]3,662 53,63k926 mal)Hva Rev l/1.6130 �IMOW 8324,380 52,884580 8,85;764 8,824,236 33,248.252 $3.210,770 0,69,662 53,636,970 Mo mental OF, 7/14231 51%,299 5939839 B.Iimaed lmnmmul 0ev 1/1-1130 $69,392 Mnl A....IR,,, ... 711-6130 $5,247,593 $5.763,159 $5,205,527 $5,W8,472 $7.484,126 $7,421,540 S),34]324 $7X23,551 use 2%lomlunmllemeblm $114,952 $115,263 5114111 5111%9 $149,683 $148,431 5144006 $145472 Net Mnual Revenax 600 55,632641 0,647.896 15.591,417 0.535503 17,334,W S2373J09 $2000378 8.1283]4 pmwinnalion laelor 50% 50% 50% 5.0% 5.0% 50% 50% 5.0% 4775% Plow 6enmion Actor ipA �1 y.6 -10% -2704 1%b -I0% -10%4.0% -].]3% Hgimmetl blllWle Oow 14065;2868 0 0699 132814_,672 136436525 1350] 160 133_721438 1323842N IF We 382 ^ReRCIV OeWlIMeinmemimm 11,,11 bme mle of S4 141,d, Number DOOM cue 10 rounding ordollxam mr, PROFORMA SEWER UTILITY CASH PROJECTIONS CASED 17.75% INCREASE JULY 1, 1996, NONE THEREAFTER CnM1 Mw hom onenl ons 1996 $5,632,441 199] $8637,308 _ _19% $6,5]]343 _1999 Ill 1,570 2100 $6,446,459 - 2001 $6,381989 2003 2003 CHANGE% @urges to,S vix (um fm) 3,310,169 56$54,988 1105% OtsuLA E[Ocnaa_ _ AN maimne aMnlingcnM1 How :.710.000 8.843,641 12,879,50) 1,]5),803 $3,023,475 $1£9,868 33.114.649 0,136,921 $3,333,181 1,I 11,1711 1 $3500.050 31,881.939 1_,03,053 $131$60 38.31% 1.643,I17 __53.858,805 1,196.1 Bi -15.71% OlM1eeeash inMwe MA46}54 W81, 50% SW $We 5.0% 5.0% 50% -I %6 Olhv Revenues $300,000 100,000 5300,000 110,000 100,000 5300,000 3300A00 5300,000 Mobil Pipeline"mnOam Hatelan Sellbnml 51,450,010 $1,W3,OPo mallnmme 320400 b5,428 518390] 110,198 5191,685 $181,4" $149,948 $101,006 Total Was, Bash inOowa 31,770400 31,%5428 541,503 5500.198 3497,685 5481 p9] 309,948 XOI006 Omer am omnoa Due O OF $60.487 $60,487 160,48/ W,487 $0,487 ging Oeal Servi¢ $3,540,501 $3,354,622 1496,969 1$10.945 1.083.601 1974,250 52.872442 32,8",615 ew Debt Servie 318),126 5406485 SM,948 5290446 W59,67 51,133,964 11313,46] Orel olM1n caaM1 ouNlam 33,340.501 31.5')1,]N 537413,454 1R5],H0 1934$14 53,994.414 X.7]1,593 54,230,569 1921% on enM1 Row $I,OT2,141 SI,161,458 53)3,91] 1950.]61 (5333.]]6 ($6.30$]81 (3998 {31.423,3.70 Beginning ash 136.722 $I.IN 50 53,290,051 1,603,96] 1331.90] 1,539,930 52,598,952 S1b30,IN instanteash 5110851 Sl 90051 S 96] 1553]0] 1329930 15 953 516101].7 5196 ]H /ll N,1 W obis net an 1/I ger 100 ruble Rut wwr annual ra inaeue]II ,annual m, mel/1 alixe0 sensuale8e leen... NOW Bme Rev 9/1.12131 into Bax Rev 1/1.6130 Ime6 Dimensional Rev]/1-1213 nued anemal Rev 111.6130 Annual Revenue]/1.6130 2%losta mahsablm .. mtioon0at0eebear ie hRan rwo, I194,299$504499 15,382.641 P I2k94E 969,392 K,25I,988 5.0.13 50% 4].]5% S5,747,5939,772.]63 1$]145)5 54,644,459 $6.5]8,0145,513, $114,95 913].455 5134$31 3132.689 $131$60 1130 $5,632,691 56,1],308 16,37/.143 IS.SI I,flO MA46}54 W81, 50% SW $We 5.0% 5.0% 50% -I %6 .40% -I Ub .L We -I.MS -ID% •Reneam Peram.ge mel..x rmm <nnenl box ale orttlaraE NamhaalRa. sun m,nnmmg oreollm almnnH 1]p% • 54,44],112 15,382.641 P I2k94E %,31&169 K,25I,988 5.0.13 50% 4].]5% PROFORMA SEWER UTILITY CASH. PROJECTIONS 40 CASE D: LIM INCREASE JULY 1, 1996, DECLINING TO 2.60% JULY 1, 2002 ash Mw team noenfwna 19% 19" 1998 1999_ Ma 20011 M01 6003 CHANGE% -__ hargm fm5wiw (mv I=) .$5,632,641 $5.932.521 $6,143,400 _ %,334098 %,514$41 �E6694,969 $6,861,545 %,960318 US)% OgR&IngEryuurs _ _ _ _ S2,790,M S2,879,5W 53,021,85 $3,174.649 131333381 53,500,050 Eg6]5,053 $3,858,805 3831% S3,1"A92 S3,10$13 9.11% APPwa Leoleo Pnnl,vg,,,h flow $1,801,641 33,853,821 33.119.925 53,161,849 ",190,860 53,194,919 Dm<e ,,h'flow. X,or Rcxnun UNION $3W,M $3001000 $360.000 5360.000 $300.600 E3W,OW $360,060 Mobil Pipeliv mpdm He nBMlenrenl E1,450,400 $1,603,814 Inkrtvtlr¢mne $30,060 $75,418 SM"d $141500 S127278 $111,459 $91,057 %7314 mal ether mh iolbws $1]]0,000 SIy7$438 $441163 H41,500 H2]y/8 GIlp59 %91,05] $36]3" No" lob alma,, Duo 10 GF $60.487 SW.48) "60,4) %O.dB] SWAB] Psisling DeO[ Swire $3.540,501 S3,384.6n 33,2K%sl $3,20%"5 53,083,01 $ZW42" E;81),d42 8,84,615 ew Debt B iw $ISi.126 $4Qd85 %25911 $)14.796 $959,6]] $1.133.961 SI J13A6] ialal amv mh amEowa 53.54%5% $3,59.]48 %,903,850 SM8]380 ,8.934$14 $3.9"A14 H,W1,893 V=,%9 19.11% NtlmB now 51,09,141 SIp56.]al (3115}65 (SN4pl1 (531 Q395 ""AIC (5491 IS751,6 - Aeginningwe8 336pii SI,IaB$6J II,565.M4 S1p29.999 51.145$68 S1,829.1]3 $1 J37 5"i,M Endingcash 511 SW RS 361 R 39999 E 14 S $1 29 V3 $1 113) 594]793 5196 M UI lonper 100 lIlIm fer4 aoler I $4.114 $4.351 I4.55 14.74 $4.911 $5.111 5539 '35.4211 1/I pc lW whit fm aaee p S414 3415 H55 14)4 Pd.93 $5.11 "5.29 P5.42 3091X• Bix Rev Pl-1141 IBeae Rer 1/1 .1430 IInm.Benhl Rvv7/LIY31 111.1=1.1 Rn Ill-wo .flat Revemu)/1-630 IwttL1x,l1Wahles inflabbon r 5 % -0 al'on fio:w I% Lm -1% % 1% % -1.0-Im Y ]3% ePMe[IiperxnYge ina<va 0m [mrcnl 6asenkvf50.14/aC Numbe[¢tl111G6ueb [auMingaftlollar en,oame. PROFORMA SEWER UTILITY CASH PROJECTIONS CASE E: 7.50% INCREASE JULY 1, 1997, DECLINING TO 2.00% JULY 1, 2002 @,, n"from onen0ou I_996 199) 19% _1999= 2000 M01 WOi UO3 CHANGE% O,,N 5erviu(vairf) - _ _ 551635.31 ES.U).896 $6.00)13)6 $6,335.229 M.616.299 E6,851.7W 313017,229 5)1385.924 2f 65% pynmme RcxFmv __ $2]90,000 $2A79,500 $3.@3,4)5 $3,IA,649 53.333,381 $3,500,050 $3.67505] 53$38 3831% _58805 $69392 n00rorimate OpWr in9 tas0 Dox S2Ji 52,)60% 529&3,901 51,100,580 13.282,918 $3)51,)49 53.242,176 $3,230,119 IMW, Othu,mh )slam 56,129,976 56.461.519 $6]51325 X,991632 $7,10,438 $7,233,596 �aa✓unmlkamhla 5114,95E Inff Revmuv $300,M ONION S]WOW Moscow MIN 5300,000 $3WOm 5300,000 15,632.601 Mobil Pipeliw/HamPAn Hmnon SeXkmw EIAMINI0 SI.W0,000 56,616,299 %,851,799 1).017,229 $7.088,924 ,Omiun(aN 3m vul lnmme 520.000 135428 5134.012 $119,756 $]MAN 592.043 5)9512 362,002 -1.0% Total olM1er cash iolbws $1,))0,000 $IX5,4m 504,833 5419,7% WWAW 5392.210 UM,512 5]62,002 Othee cash oolRows IAam GF 560,487 $10.48) $60,487 %0,48) $60,487 Evening Ced Serviw 53,548401 $3414,622 53.296.969 S3,200,n5 53,683,601 52.9)4250 5120)),412 32.&6.615 ew CeM Service 518)126 5406435 $625,948 $)00.446 $959677 51133,964 51,31346) aul 011ie r cash ovlMwa $3$18¢1 33$)1,748 5],)031354 E3A7j30 1093.534 $3,994,414 541371.393 14220469 19.21% l ea.M1 lbn $1.012.1 dI $I,IY2.076 (5)89,530 IE]0)JN4 (5347$13 (S350.621 (5350}051 (5623.448 0ginnlugcuM1 106.433 EI.I OB.HJ $2.780.639 S1995J 19 SI.HBfV15 $1,440A62 51,198448 3840056 En6in rnM1 $110 3 ES 9 EI 9119 41 8 5 Sl 5//90240 S040,036 $211487[ 211 87 cubic ful WWI 11 14141 X.141 54.451 X.741 libm1 $5231 55.411 $552 n.33%- Rsse Rev 7/1-12131 52.643,522 52,881480 12,85;764 0.035.713 13,201,110 $3.343,036 $3.461X7 $3,545,183" Rae Rev 1/1 -SM 55.840,380 12.881.580 0000))6 $3)33.X6 0,376$04 $3,496,516 0.580.993 .2,611257 Iajocio lRm )11-12131 S194,291) $210.836 $195.261 S173311 $151.781 E11739) $71146 Ioommlel Rev l/1 -61M $69392 saiRarwe 711.630 $5,)4),593 55,763,159 56,129,976 56.461.519 $6]51325 X,991632 $7,10,438 $7,233,596 �aa✓unmlkamhla 5114,95E 5115263 EIII.6400 $129,294) $135,027 $139,833 8143,209 $144,672 I Rev nnue[6IM 15,632.601 $537,896 56.00)4)6 %,335,229 56,616,299 %,851,799 1).017,229 $7.088,924 ,Omiun(aN 3m 50% 50% 5.094, 5m 50% S.m 50% 47.75% um Onp -1.0% -Lo% -10% -Id% -1.0% .lox -La96 -lo% -za% '1200x10 RRmbge mc,aace fmmmrtent bme,aeof3414kf. Numbm6iffludm aroun61X ofdollvemowla. ism ism IND iml IM im im, Ism 0 owrema.� u,�w®ane.,,.0 v rn.uw u.x iw....0 M) m o w+mre� n.os.�nm m...ou'