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HomeMy WebLinkAboutUtilities 2014-11-03 Item 2B - Resolution - 2015 Public Works Fee Schedule (Water, Sewer and Surface Water Rates)City of Tukwila Jim Haggerton, Mayor INFORMATIONAL MEMORANDUM To: Mayor Haggerton Utilities Committee From: Bob Giberson, Public Works Directo By: Gail Labanara, Public Works Analyst Date: October 31, 2014 Subject: Water, Sewer, and Surface Water Rates for 2015 ISSUE Adopt 2015 water, sewer, and surface water rate increases. WATER Public Works has analyzed the needs of the water enterprise fund. Cascade Water Alliance's (CWA) wholesale water rates are projected to increase 2.75% each year in 2015 and 2016. A rate increase on the minimum water meter charge (see Table 1) is being proposed for residential and multi-family customers to maintain the current level of service and lessen the impact of future increases for purchased water. Increases are also proposed for consumption charges for multi-family and commercial/industrial rates and a nominal increase to the flat monthly fire line rate, which has not been increased since 2011. Exhibit A is a rate matrix of all of the proposed utility rate increases for residential customers. Exhibit C-1 shows a comparison of adjoining cities and their water rates. Exhibit D is the Resolution which updates the Public Works Fee Schedule. SEWER King County Ordinance No. 17825 has a 5.6% sewer rate increase for King County sewage disposal fees in 2015. The King County sewer rate will increase from $39.79 to $42.03 per residential customer equivalent per month. The King County sewage treatment capacity charge (for any new sewer connections) will increase from the current $55.35 to $57.00 per month for fifteen years for any sewer connection occurring between January 1, 2015 and December 31, 2015. Exhibit B is King County Ordinance No. 17825 for 2015 rates. Tukwila's sewer base rate is scheduled for an increase (see Table 2) in accordance with the rate model which analyzes the City's operational and capital needs. The City's sewer rate will increase from $26.50 to $29.00 per residential connection and from $46.50 to $51.00 for up to 750 cubic feet or fraction thereof for commercial/industrial customers. Exhibit C-2 shows a comparison of adjoining cities and their sewer rates. SURFACE WATER Tukwila's surface water base rate is scheduled for an increase in 2015. The City's surface water rate will increase from $118.00 to $142.00 per residential parcel, per year and will range from $170.68 to $1,426.32 per 4,356 square foot for all other parcels. Exhibit C-3 shows a comparison with other cities and their surface water rates. 15 INFORMATIONAL MEMO Page 2 TABLE 1 - WATER RATES PROPOSED FOR 2015 CATEGORY Current 2014 Charges Proposed for 2015 Single Family $15.00 $16.00 Multi-Family (each condo, apt, or dwelling unit) $15.00 $16.00 Multi-Family Consumption Charges per 1 CCF $3.06 & $4.28 $3.21 & $4.49 Commercial/Industrial Consumption per I CCF $4.18 & $5.72 $4.38 & $6.00 Commercial/Industrial Meter & Fire Line Charges $9.00 to $575.00 $9.50 to $600.00 TABLE 2 - SEWER RATES PROPOSED FOR 2015 CATEGORY Current 2014 Rates Proposed for 2015 Residential Sewer Service (single dwelling unit) Flat rate of $26.50 per month Flat rate of $29.00 per month Residential Sewer Service (multiple dwelling unit, permanent type) Flat rate of $26.50 per month for each dwelling unit Flat rate of $29.00 per month for each dwelling unit Commercial/Industrial Sewer Service Flat rate of $46.50 per month and, any usage over 750 cubic feet of water per month shall be at the rate of $46.50 per 750 cf Flat rate of $51.00 per month and, any usage over 750 cubic feet of water per month shall be at the rate of $51.00 per 750 cf The attached Public Works Fee Schedule Resolution only includes utility and transportation fees. In 2014, Public Works Permit fees for development were combined with the Department of Community Development fees under one Resolution for ease of use for permit users (Resolution No. 1803 in 2014). RECOMMENDATION The Council is being asked to adopt the City's 2015 water, sewer, and surface water proposed rate increases in accordance with the Public Works Fee Schedule Resolution and consider this item at the November 10, 2014 Committee of the Whole Meeting and subsequent November 17, 2014 Regular Meeting. Attachments: Exhibit A Rate Matrix Exhibit B King County Ordinance No. 17825 for 2015 Exhibit C-1 through C-3 Comparison of Rates with Adjoining Cities Exhibit D Public Works Fee Schedule Draft Resolution Attachment D — Water Attachment E — Sewer Attachment F — Surface Water 16 W:\PW Eng \OTHER \ Gail Labanara \Water & Sewer Documents \Info Memo Water Sewer & SWM 2015 Rates 10-31-14.docx City of Tukwila Proposed Utility Rate Increases Monthly Fees for Residential Customers With 10 % Utility Tax EXHIBIT A Utility 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Total WATER +9% 0% +3% +10% +15% +11.7% +15% +10% +10% +10% +5% +5% +5% +2.5% +5% +2.5% +5% +2.5% +5% +2.5% +5% +2.5% CWA Purchased Water Pass - through 23.40 to 25.60 $2.98 to $3.07 $3.07 to $3.38 $3.38 to $3.77 27.95 to 31.90 $31.90 31.90 to 36.10 $36.10 36.10 to 39.79 $39.79 $3.90 to $3.99 $4.08 to $4.18 $4.28 to $4.38 $4.48 to $4.59 $4.70 to $4.82 46.47 to 47.36 (Average monthly rate with 10 cc$ (Monthly Flat Rate) $2.20 $0.90 $3.10 $3.90 $3.95 $1.16 $4.20 $0.75 $3.69 $0.91 $0.90 $1.00 $1.00 $1.10 $1.20 $13.10 $23.96 +15% +10% 3.3% +15% +15% +20% +20% +20% +15% +2.5% +2.5% +2.5% +2.5% +2.5%_ +4.3% City of Tukwila Water City of Tukwila Sewer $7 $7 to $8 $8 to $8.80 $3.77 to $3.90 10.12 to 11.64 11.64 to 13.39 13.39 to 16.06 16.06 to 1926 19.26 to 23.10 23.10 to 26.50 $3.99 to $4.08 $4.18 to $4.28 $4.38 to $4.48 $4.59 to $4.70 $4.82 to $4.94 $35 to $36.50 (Average monthly rate with 10 ccf) (Monthly Flat Rate) 0.00 $1.00 $0.80 $1.20 $1.52 $1.75 $2.67 $3.20 $3.84 $3.40 $0.90 $1.00 $1.00 $1.10 $1.20 $6.40 $29.50 Monthly Sewer Bill (Residential) $32.60 +20% $36.75 $38.07 Range 3 % -20% Range 3% -20% Range 3% -20% Range 3 % -20% Range 3%-7% Range 3 % -7% Range 3% -7% Range 3%-7% Range 3%-7% Range 3% -7% $81.47 $83.86 City of Tukwila Minimum Monthly $45 to $54 $6.00 to $8.00 $8.00 to $10.00 10.00 to 12.00 12.00 to 14.00 14.00 to 15.00 15.00 to 16.00 16.00 to 17.00 17.00 to 18.00 18.00 to 19.00 19.00 to 20.00 charge per meter /each dwelling unit $9.00 $2.00 $2.00 $2.00 $2.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $14.00 Fire Hoes only Fire lines, misc. Mr Fire Lines SEWER $34.05 $34.05 $42.00 $5,195.65 $46.25 $5,721.40 $47.64 $5,893.35 $49.07 $6,070.25 $50.45 $6,240.96 $51.95 $6,426.52 $53.50 $6,642.25 $55.35 $6,847.12 $57.00 $58.58 $60.00 $62.00 $64.00 $65.00 $102.38 Annual Charge (billed Jan & July) +9% 0% +9.17% 0% +14.13% 0% +13.17% 0% +10.22% 0% +5.6% 0% +6.5% +1.8% +2.0% +1.9% King County Sewer Treatment 23.40 to 25.60 $25.60 25.60 to 27.95 $27.95 27.95 to 31.90 $31.90 31.90 to 36.10 $36.10 36.10 to 39.79 $39.79 39.79 to 42.03 $42.03 42.03 to 44.75 44.75 to 45.57 45.57 to 46.47 46.47 to 47.36 (Monthly Flat Rate) $2.20 $0.84 $2.35 $0.00 $3.95 $1.16 $4.20 $0.75 $3.69 $0.91 $2.24 $1.75 $2.72 $0.82 $0.90 $0.89 $23.96 +15% +10% +15% +15% +15% +20% +20% +20% +15% +10% +5% +5% +5% +5% +4.3% City of Tukwila Sewer $7 $7 to $8 $8 to $8.80 $8.80 to $10.12 10.12 to 11.64 11.64 to 13.39 13.39 to 16.06 16.06 to 1926 19.26 to 23.10 23.10 to 26.50 $26.50 to $29 $29 to $30.50 $30.50 to $32 $32 to $33.50 $33.50 to $35 $35 to $36.50 (Monthly Flat Rate) 0.00 $1.00 $0.80 $1.32 $1.52 $1.75 $2.67 $3.20 $3.84 $3.40 $2.50 $1.50 $1.50 $1.50 $1.50 $1.50 $29.50 Monthly Sewer Bill (Residential) $32.60 $33.60 $36.75 $38.07 $43.54 $45.29 $52.16 $55.36 $62.89 $66.29 $71.03 $72.53 $76.75 $79.07 $81.47 $83.86 King County Metro Capacity Charge (information only) $34.05 $34.05 $42.00 $5,195.65 $46.25 $5,721.40 $47.64 $5,893.35 $49.07 $6,070.25 $50.45 $6,240.96 $51.95 $6,426.52 $53.50 $6,642.25 $55.35 $6,847.12 $57.00 $58.58 $60.00 $62.00 $64.00 $65.00 $102.38 SURFACE WATER City of Tukwila Surface Water $2.20 +20% $4.05 +15% $10.57 +20% +10% +10% +5% +10% *20% +15% +10% +10% +10% +10% $102.38 Annual Charge (billed Jan & July) $52 to $62 $62.00 $62 to $71 $71.00 $71 to $85 $85 to $93 $93 to $102 $102 to $107 $107 to $118 $118 to $142 $142 to $163 $163 to $179 $179 to $197 $197 to $216 $216 to $237 Annual Charge divided monthly $4.33 to $5.17 $5.17 to $5.92 $5.92 to $7.08 $7.08 to $7.75 $7.75 to $8.50 $8.50 to $8.92 $8.92 to $9.83 $9.83 to $11.83 11.83 to 13.58 13.58 to 14.92 14.92 to 16.41 $16.41 to $18 $18 to $19.75 Monthly Increase for chart $0.84 $0.75 $1.16 $0.67 $0.75 $0.42 $0.91 $2.00 $1.75 51.34 $1.49 $1.59 $1.75 $15.42 Total per Month $2.20 $1.84 $4.05 $5.17 $10.57 $4.91 $9.54 $5.95 $9.95 $5.31 $7.74 $6.05 $8.56 $6.81 $7.19 $6.54 $102.38 10/28/2014 q- gaii`,alp \rate matrix 18 ILAI King County Metropolitan King County Council Anne Noris, Clerk of the Council King County Courthouse 516 Third Avenue, Room E-1204 Seattle, WA 98104-3272 Tel: 206.477.1020 Fax: 206.205.8165 Email: anne.noris@kingcounty.gov TTY 296-1024 Web: www.kingcounty.gov/council/clerk June 16, 2014 Mr. Pat Brodin, Operat o s Manr City of Tukwila 6200 Southcenter Blvd. Tukwila, WA 98188 Dear Mr. Brodin, Monetary Requirements for 2015 EXHIBIT B ilimocivvo or( or- TUKWILA MINKLER SHOP The Metropolitan King County Council approved the sewer rate for 2015 and the sewage treatment capacity charge for 2015 with the adoption of Ordinance 17825 on June 2, 2014. A copy of Ordinance 17825 is enclosed for your information. If you have any questions, please call the Clerk of the Council's Office at our new number 206 477-1020. Sincerely, CYAAN-4--"3' Anne Noris Clerk of the Council Enclosure 19 King County KING COUNTY Signature Report June 2, 2014 Ordinance 17825 1200 King County Courthouse 516 Third Avenue Seattle, WA 98104 Proposed No. 2014-0168.1 Sponsors McDermott 1 AN ORDINANCE determining the monetary requirements 2 for the disposal of sewage for the fiscal year beginning 3 January 1, 2015, and ending December 31, 2015; setting 4 the sewer rate for the fiscal year beginning January 1, 2015, 5 and ending December 31, 2015, and approving the amount 6 of the sewage treatment capacity charge for 2015, in 7 accordance with RCW 35.58.570; and amending Ordinance 8 12353, Section 2, as amended, and K.C.C. 4A.670.100 and 9 Ordinance 11398, Section 1, as amended, and K.C.C. 10 28.84.055. 11 BE IT ORDAINED BY THE COUNCIL OF KING COUNTY: 12 SECTION 1. Ordinance 12353, Section 2, as amended, and K.C.C. 4A.670.100 13 are each hereby amended to read as follows: 14 A. Having determined the monetary requirements for the disposal of sewage, the 15 council hereby adopts a ((204-4)) 2015 sewer rate of ((thirty nine dollars and seventy 16 )) forty-two dollars and three cents per residential customer equivalent per month. 17 Once a sewer rate ordinance becomes effective, the clerk of the council is directed to 18 deliver a copy of that ordinance to each agency having an agreement for sewage disposal 19 with King County. 20 Ordinance 17825 20 B. The King County council approves the application of Statement of Financial 21 Accounting Standards No. 71 (FAS 71) to treat pollution remediation obligations and 22 RainWise Program expenditures as regulatory assets, and establish a rate stabilization 23 reserve for the purpose of leveling rates between years. 24 C. As required for FAS 71 application, amounts are to be placed in the rate 25 stabilization reserve from operating revenues and removed from the calculation of debt 26 service coverage. The reserve balance shall be an amount at least sufficient to maintain a 27 level sewer rate between ((2-0-14)) 2015 and ((20-1 -4)) 2016, and shall be used solely for 28 the purposes of: maintaining the level sewer rate in ((2-0-1-4)) 2016; and if additional 29 reserve balance is available, moderating future rate increases beyond ((29 -14)) 2016. The 30 estimated amount of the reserve, as shown in the financial forecast, Attachment A to 31 ((Ordinance 17606)) this ordinance, shall be revised in accordance with the ((20 -14)) 2015 32 adopted budget and financial plan. If the reserve needs to be reduced to meet debt 33 service coverage requirements for ((23)) 2014, the county executive shall notify the 34 council of the change by providing an updated financial forecast. 35 (( 36 Brightwater as outlined in K.C.C. 28.86.165.)) 37 SECTION 2. Monetary requirements for the disposal of sewage as defined by 38 contract with the component sewer agencies for the fiscal year beginning January 1, 39 2015, and ending December 31, 2015. The council hereby determines the monetary 40 requirements for the disposal of sewage as follows: 41 Administration, operating, maintenance repair and replace (net of other income): 42 $69,126,693. 2 21 Ordinance 17825 43 Establishment and maintenance of necessary working capital reserves: 44 ($12,615,608). 45 Requirements ofroveouoboodreso|uboox(no1ioo]uded in above items and net of 46 interest income): $307,400,794. 47 TOTAL: $363`411`880. 48 SECTION 3. Ordinance 11398, Section 1, as amended, and Kl.C.2X.84.O55are 49 each hereby amended as follows: 50 A. The amount of the metropoli an sewage facility capacity charge adopted by 51 K.C.C. 28.84.050.0. that is charged monthly for fifteen years per residential customer or 52 residential customer equivalent shall be: 53 1. Seven dollars for sewer connections occurring between and including January 54 1, 1994, and December 31, 1997; 55 2. Ten dollars and fifty cents for sewer connections occurring between and 56 including January 1, 1998, and December 31, 2001; 57 3. Seventeen dollars and twenty cents for sewer connections occurring between 58 and including January l,2O02, and December 3l,2002; 59 4. Seventeen dollars and sixty cents for sewer connections occurring between 60 and including January l,2OA3, and December 3l,2003; 61 5. Eighteen dollars for sewer connections occurring between and zocl diog 62 January 1, 2004, and December 31, 2004; 63 6. Thirty-four dollars and five cents for sewer connections occurring between 64 and including January 1, 2005, and December 31, 2006; 3 22 Ordinance 17825 65 7. dollars for sewer connections occurring between and including 66 January 1, 2007, and December 31, 2007; 67 8. Forty-six dollars and twenty-five cents for sewer cormections occurring 68 between and including January 1, 2008, and December 31, 2008; 69 Y. Forty-seven dollars and sixty-four cents for sewer connections occurring 70 between and including January 1, 2009, and December 31, 2009; 71 10. Forty-nine niucdo})uzaundoovcoceotofb/scvvercouuecti0000:cuori between �� vvcco 72 and including January 1, 2010, and December 31, 2010; 73 11. Fifty dollars and forty-five cents for sewer connections occurring between 74 and including January 1, 2011, and December 31, 2011; 75 12. Fifty-one dollars and ninety-five cents for sewer connections occurring 76 between and including January 1, 2012, and December 31, 2012; 77 13. Fifty-three dollars and fifty cents for sewer connections occurring between 78 and including January 1, 2013, and December 31, 2013; ((and)) 79 14. Fifty-five dollars and thirty-five cents for sewer connections occurring 80 between and including January 1, 2014, and December 31, 7014; and 81 15. Fifty-seven dollars for sewer connections occurring between and including 82 January l,20l5` and December 3l,20l5. 83 B.1. In accordance with adopted policy FP-15.3.d. in the Regional Wastewater 84 Services Plan, K.C.C. 28.86.160.C., it is the council's intent to base the capacity charge 85 upon the costs, customer growth and related financial assumptions used in the Regional 86 Wastewater Services Plan. 4 23 Ordinance 17825 87 B.2. In accordance with adopted policy FP- 6 in the Regional Wastewater 88 Services Plan, K.C.C. 28.86.160.C, the council hereby approves the cash balance and 89 reserves as contained in the attached financial plan for ((20-14)) 2015. 90 B.3. In accordance with adopted policy FP- 15.3.c., King County shall pursue 91 changes in state legislation to enable the county to require payment of the capacity charge 5 24 Ordinance 17825 92 in a single payment, while preserving the option for new ratepayers to finance the 93 capacity charge. 94 10 days prior, official paper 95 Publish: Wednesday, May 21st 96 Public Hearing: Renton City Hall, 6/2/14 97 Ordinance 17825 was introduced on 5/5/2014 and passed by the Metropolitan King County Council on 6/2/2014, by the following vote: Yes: 8 - Mr. Phillips, Mr. von Reichbauer, Mr. Gossett, Ms. Hague, Ms. Lambert, Mr. McDermott, Mr. Dembowski and Mr. Upthegrove No: 0 Excused: 1 - Mr. Dunn ATTEST: Anne Noris, Clerk of the Council APPROVED this day of KING COUNTY COUNCIL KING COIJN WASHINGTe any Phillips, Ch Dow Constantine, County Executive 0") -tf (.1) •,--- Co r-- ; I I () , r---, r--.. -.. ,......) Attachments: A. Wastewater Treatment Division Financial Plan for the 2015 Proposed Sewer Rate 6 25 ATTACHMENT A: Wastewater Treatment Division Financial Plan fort #19 2015 Proposed Sewer Rate 17825 This revenue is accounted for as a regulatory asset to be deferred to future years in accordance with the Statement of Financial Accounting Standards No. 71 (FAS -I1). " This includes a Regulatory Asset for a $57.9M estimate of Environmental Remediation Liability in accordance with FAS -71 (amortized over a 30 -year average bond term). rn 2013 Unaudited 2014 Forecast 2015 Forecast 2016 Forecast 2017 Forecast 2018 Forecast 2019 Forecast 2020 Forecast CUSTOMER EQUIVALENTS (RCEs) 718.16 721.25 724.35 727.46 730.61 733.75 736.90 741.47 MONTHLY RATE $39.79 $39.79 $42.03 $42 03 $44.75 $45.57 $ . $47 36 Increase 10.2% 0.0% %� 5.6 %'° ` 0.0 °l� ' 5 / 1.8 °/ =2 0 °l0 x 1.9 BEGINNING OPERATING FUND 74,094 63,951 44,183 33,100 14,139 14,705 15,293 16,016 OPERATING REVENUE: Customer Charges 342,850 344,382 365,333 366,904 392,316 401,200 410,947 421,377 Investment Income 2,333 1,424 1,734 2,027 5,222 8,010 10,997 13,639 Capacity Charge 58,649 49,239 54,484 60,252 66,270 72,590 79,506 85,982 Rate Stabilization * 10,350 20,750 11,900 19,600 0 0 0 0 Other Income 9,608 11,048 11,387 11,711 11,945 12,304 12,673 13,053 TOTAL OPERATING REVENUES 423,790 426,842 444,837 460,493 475,753 494,103 514,123 534,051 OPERATING EXPENSE (117,011) (126,834) (134,997) (141,394) (147,050) (152,931) (160,164) (167,291) DEBT SERVICE REQUIREMENT PARITY DEBT (216,023) (219,294) (223,152) (228,048) (238,154) (247,833) (258,671) (270,395) SUBORDINATE DEBT SERVICE (14,601) (19,726) (22,176) (26,564) (29,061) (32,138) (35,136) (36,399) DEBT SERVICE COVERAGE RATIO PARITY DEBT ** 1.42 1.37 1.39 1.40 1.38 1.38 1.37 1.36 DEBT SERVICE COVERAGE RATIO TOTAL PAYMENTS 1.33 1.15 1.15 1.15 1.15 1.15 1.15 1.15 INTER -FUND LOAN REPAYMENTS (20,336) 0 0 0 0 0 0 0 LIQUIDITY RESERVE CONTRIBUTION (207) (982) (816) (640) (566) (588) (723) (713) TRANSFERS TO CAPITAL (55,612) (60,006) (63,696) (63,847) (60,922) (60,612) (59,429) (59,254) RATE STABILIZATION RESERVE * 52,250 31,500 19,600 0 0 0 0 0 OPERATING LIQUIDITY RESERVE BALANCE 11,701 12,683 13,500 14,139 14,705 15,293 16,016 16,729 OPERATING FUND ENDING BALANCE 63,951 44,183 33,100 14,139 14,705 15,293 16,016 16,729 CONSTRUCTION FUND BEGINNING FUND BALANCE 107,282 98,145 31,408 9,601 5,000 5,000 5,001 5,001 REVENUES: Parity Bonds 50,000 0 50,000 58,887 139,727 133,958 150,148 161,971 Variable Debt Bonds 0 0 15,000 0 0 20,198 10,842 11,727 Grants & Loans 19,857 22,918 20,000 47,500 0 0 0 0 Other 10,197 500 6,500 500 500 500 500 500 Transfers From Operating Fund 55,612 60,006 63,696 63,847 60,922 60,612 59,429 59,254 TOTAL REVENUES 135,666 83,423 155,196 170,735 201,149 215,268 220,919 233,452 CAPITAL EXPENDITURES (163,482) (148,309) (170,183) (177,447) (187,100) (201,576) (206,074) (218,250) DEBT ISSUANCE COSTS (322) 0 (1,075) (1,178) (2,795) (2,780) (3,057) (3,298) BOND RESERVE TRANSACTIONS (2,991) (0) (3,632) 6,022 (10,151) (9,732) (10,908) (11,767) ADJUSTMENTS 21,992 (1,851) (2,113) (2,733) (1,104) (1,179) (879) (137) ENDING FUND BALANCE 98,145 31,408 9,601 5,000 5,000 5,001 5,001 5,001 CONSTRUCTION FUND RESERVES Bond & Loan Reserves 183,822 185,673 191,417 188,129 199,384 210,295 222,082 233,986 Policy Reserves 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 TOTAL FUND RESERVES 198,822 200,673 206,417 203,129 214,384 225,295 237,082 248,986 CONSTRUCTION FUND BALANCE 296,967 232,081 216,019 208,129 219,384 230,295 242,083 253,987 This revenue is accounted for as a regulatory asset to be deferred to future years in accordance with the Statement of Financial Accounting Standards No. 71 (FAS -I1). " This includes a Regulatory Asset for a $57.9M estimate of Environmental Remediation Liability in accordance with FAS -71 (amortized over a 30 -year average bond term). rn Exhibit C-1 Residential Water Rate Comparison as of September 2014 2014 Ranking 2013 Ranking CITY 2013 RATE Summer City Base Rates Consumption Rate Per CCF Assume 10 CCF 2014 TOTAL Difference 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 2 SEATTLE 1 WATER DISTRICT 119 (Duvall) 4 WOODINVILLE 3 DUVALL 6 KENT I TUKWILA 2015 9 SKYWAY (CWA) 10 COVINGTON 7 [TUKWILA 2014 13 COAL CREEK 11 BELLEVUE 8 HIGHLINE WATER DISTRICT 5 KIRKLAND $ 65.70 $ 13.75 5.13/6.34 $ 57.35 66.50 39.00 3.02 30.20 62.78 19.50 5.81 46.48 64.76 24.30 3.62/6.72 41.36 55.92 13.10 4.11/5.24 44.49 [ 16.00 3.90 1 39.00 16.45 3.65/4.62 38.44 52.03 52.03 24.35 2.80/3.95 30.30 [ , 53.00 1 15.00 3.90 1 39.00 49.01 20.69 3.30 33.00 49.81 17.87 3.57 35.70 52.10 14.40 3.55/4.20 38.75 58.92 18.16 4.36 34.88 12 CEDAR RIVER WATER DIST 49.31 18.70 2.47/4.30 31.38 15 EDMONDS 45.15 24.14 2.51 25.10 16 RENTON 45.06 17.60 2.54/3.41 29.75 14 KING COUNTY WD #125 45.50 12.50 3.30 33.00 21 AUBURN 41.04 14.54 2.88/3.53 30.75 17 NORTHSHORE 43.50 13.50 3.00 30.00 [ 18 ISSAQUAH 42.96 12.78 1.65/3.93 30.18 19 SAMMAMISH PLATEAU 41.08 24.42 1.68/2.05 18.28 23 NE SAMMAMISH 38.80 17.60 2.45 24.50 20 KING COUNTY WD #20 41.05 20.50 2.14 21.40 24 SOOS CREEK 38.75 13.80 1.75/3.55 26.50 25 REDMOND (CWA) 38.70 13.40 1.65/3.30 26.40 27 MERCER ISLAND 36.53 11.70 2.78 27.80 30 LYNNWOOD 25.39 17.86 2.05 20.50 28 TACOMA 33.36 18.85 1.53/1.92 17.30 26 BOTHELL 36.57 11.20 2.21 22.10 29 LAKEHAVEN (FEDERAL WAY) 29.54 16.64 1.47 14.70 22 ALDERWOOD (removed summer rates) 40.93 14.95 2.40 14.40 71.10 69.20 65.98 65.66 57.59 55.00 54.89 54.65 54.00 53.69 53.57 53.15 53.04 50.08 49.24 47.35 45,50 45.29 43.50 42.96 42.70 42.10 41.90 40.30 39.80 39.50 38.36 36.15 33.30 31.34 29.35 5.40 2.70 3.20 0.90 1.67 1.00 2.86 2.62 1.00 4.68 3.76 1.05 (5.88) 0.77 4.09 2.29 4.25 1.62 3.30 0.85 1.55 1.10 2.97 12.97 2.79 (3.27) 1.80 (11.58) AVERAGE $ 46.53 $ 48.17 27 W:\PW Eng \OTHER \Gail Labanara Water & Sewer Documents1Utility Rate Surveys Water, Sewer & SSWM2.xlsx Exhibit C-2 Residential Sewer Rate Comparison as of September 2014 2014 Ranking 2013 Ranking CITY County Sewer Treatment? 2013 2014 City King County 2014 Charge Sewer Total 2015 1 1 SEATTLE 2 2 MERCER ISLAND 3 3 BELLEVUE 4 5 SAMMAMISH PLATEAU 5 4 VASHON SEWER KC KC KC KC KC 6 21 KIRKLAND KC 7 6 SKYWAY KC TUKWILA 2015 jKC 8 7 RENTON KC 9 9 WOODINVILLE KC 10 10 BOTHELL KC 11 8 DUVALL 12 11 TUKWILA 2014 13 13 ISSAQUAH 14 12 NE SAMMAMISH 15 14 AUBURN 16 15 CEDAR RIVER W & S 17 17 L COAL CREEK 18 16 BLACK DIAMOND 19 TACOMA 20 19 KENT 21 20 SOOS CREEK 22 22 LAKE FOREST PARK 23 18 LAKEHAVEN 24 23 ALDERWOOD 25 24 j REDMOND 26 25 VALLEY VIEW SEWER 27 26 LLNORTHSHORE KC KC KC KC KC KC KC KC KC KC * & KC KC KC KC KC 28 27 LALGONA KC 29 28 SOUTHWEST Suburban Sewer '* 30 29 MIDWAY SEWER DISTRICT $ 116.50 88.39 70.09 68.99 69.97 56.87 67.39 67.28 65.77 64.84 66.09 62.89 63.22 61.68 60.81 59.86 58.79 58.95 57.06 56.99 55.44 52.47 55.15 52.89 51.30 51.10 48.91 27.50 24.00 $ 77.70 $ 39.79 $ 117.49 36.81 39.79 76.60 33.70 39.79 73.49 30.95 39 79 70.74 30.14 39.79 69.93 29.89 39.79 69.68 29.39 39.79 69.18 29.00 39.79 1 27.65 40.95 68.60 27.25 39.79 67.04 27.25 39.79 67.04 67.02 0.00 67.02 26.50 399L 66.29 23.43 39.79 63.22 22.55 39.79 62.34 23.12 39.79 62.91 20.57 39.79 60.36 19.66 39.79 59.45 19.52 39.79 59.31 38.20 20.28 58.48 17.96 39.79 57.75 17.35 39.79 57.14 16.59 39.79 56.38 15.29 39.79 55.08 14.21 39.79 54.00 13.60 39.79 53.39 12.01 39.79 51.80 11.31 39.79 51.10 9.12 39.79 48.91 29.50 0.00 29.50 24.00 0.00 24.00 $ 68.79 AVERAGE $ 60.73 $ 61.61 WAPW Eng \ OTHER \ Gail LabanaraMater & Sewer Documents \ Utility Rate Surveys Water, Sewer & SSWM2,xlsx 28 CITY SINGLE FAMILY SURFACE WATER RATES as of September 2014 Monthly Rate (2014) 2013 Yearly Rate 2014 Yearly Rate Exhibit C-3 2015 Yearly Rate Seattle (High 10,000 SF) 33.64 $ 365.97 $ 403.70 Auburn 18.78 $ 208.92 $ 225.36 Lynnwood 18.71 94.32 $ 224.52 Sammamish 17.00 $ 177.00 204.00 Redmond (range, minimum shown) 16.56 198.72 $ 198.72 Duvall 16.36 215.16 $ 196.32 Mercer Island 15.32 $ 181.68 $ 183.84 Seattle (Low 3,000 SF) 15.08 $ 164.05 $ 180.96 King County 14.29 $ 151.00 $ 171.50 Issaquah 14.08 $ 168.96 $ 168.96 Newcastle 13.28 $ 159.36 $ 159.36 Renton 12.69 $ 145.08 $ 152.28 Shoreline 12.51 $ 137.00 $ 150.09 Tukwila 2015 +20% 11.83 . 142.00 Kent 11.64 $ 133.08 $ 139.68 Burien 11.42 $ 135.16 $ 137.01 Tukwila 2014 +10% 8.92 . 107.00 118.00 Seatac 8.30 $ 82.80 $ 99.63 Federal Way 7.10 $ 85.15 $ 85.15 $450.00 $400.00 $350.00 $300.00 $250.00 $200.00 $150.00 $100.00 $50.00 $- a) LIt Sammamish Redmond (range,. Co 0 Mercer Island C U C IiiiSeries1 _c co co Tukwila 2015 +20% WIPW Eng \ OTHER \ Gail Labanara \Water & Sewer Documents \Utility Rate Surveys Water, Sewer & SSWM2.xlsx 29 EXHIBIT D A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, ADOPTING A NEW PUBLIC WORKS FEE SCHEDULE; AND REPEALING RESOLUTION NO. 1802. WHEREAS, each year the City analyzes the rate model for the three utility enterprise funds, which are water, sewer and surface water, to ensure revenues keep pace with expenses, to update the traffic model, and to analyze the transportation network to ensure continued compliance with the Growth Management Act and the City's adopted Comprehensive Plan; and WHEREAS, the City is authorized to impose fees to recoup the costs of services rendered; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: Section 1. Public Works fees will be charged according to the following schedule, which shall supersede any previously adopted Public Works Fee Schedule and take effect as of January 1, 2015: PUBLIC WORKS FEE SCHEDULE WATER RATES FEE Water Meter Installation .75 inch $ 600.00 1 inch $ 1,100.00 1.5 inch $ 2,400.00 2 inch $ 2,800.00 3 inch $ 4,400.00 4 inch $ 7,800.00 6 inch $12,500.00 Water Meter Deduct $25.00 WAINord Processing ResolutionskIDW fee sched-utility and transportation fees 10-23-14 GL:bjs Page 1 of 5 30 WATER RATES FEE Water Base Charge (Monthly) Single Family (one dwelling unit) Multi - Family (more than one dwelling unit) Commercial /Industrial Customers: In addition to the monthly water base charge, each 100 cubic feet of water used will be charged as shown in "Water Rates (Monthly)." Current 2014 Proposed 2015 $ 15.00 $16.00 $ 15.00* $16.00* *each dwelling unit 3/4 inch Service $ 40.00 $ 45.00 1 inch Service $ 50.00 $ 55.00 1 -1/2 inch Service $ 75.00 $ 80.00 2 inch Service $100.00 $105.00 3 inch Service $145.00 $150.00 4 inch Service $195.00 $200.00 6 inch Service $290.00 $300.00 8 inch Service $385.00 $400.00 10 inch Service $480.00 $500.00 12 inch Service $575.00 $600.00 Water Rates (Monthly) In addition to the monthly water base charge listed above, each 100 cubic feet of water will be charged at the following rates: Current 2014 Proposed 2015 Single Family Residence (Oct -May) $2.80 $2.80 Single Family Residence (Jun -Sept) $3.90 $3.90 Multi - Family (Oct -May) $3.06 $3.21 Multi - Family (Jun -Sept) $4.28 $4.49 Commercial /Industrial (Oct -May) $4.18 $4.38 Commercial /Industrial (Jun -Sept) $5.72 $6.00 Fire Protection Service Charges (Monthly) Per month based on size of service. Current 2014 Proposed 2015 2 inch Service $ 9.00 $ 9.50 3 inch Service $ 20.00 . $ 21.00 4 inch Service $ 35.00 $ 37.00 6 inch Service $ 80.00 $ 84.00 8 inch Service $120.00 $126.00 10 inch Service $200.00 $210.00 12 inch Service $260.00 $273.00 WATER SERVICES FEE Water Turn On $ 50.00 After -Hour Water Turn On - additional fee for customer requested after -hours water turn on $100.00 Unauthorized Water Usage - after shut -off for non - payment $100.00 Special Meter Read - customer requested meter read outside normal read schedule $ 30.00 Shut -off notice $ 30.00 Change in owner, tenant, and /or third party paying agent $ 20.00 Emergency Conservation Sanction $100.00 W:\Word Processing\Resolutions\PW fee sched - utility and transportation fees 10 -23 -14 GL:bjs Page 2 of 5 31 WATER SERVICES FEE Temporary Water Meter Deposit .75" and 1" water meter 2.5" water meter Temporary Water Meter Rental per minimum 60 days expiration .75" and 1" water meter 2.5'' water meter $ 300.80 $1.500.00 $ 75.00 $ 150.00 WATER INTEREST CHARGE RATE On all water accounts 30 days in arrears from the date of delinquency until paid 8% per annum computed on a monthly basis SEWER RATES FEES Residential Sewer Service (single dwelling unit) Flat $26,50 $29'00 month rate of per Residential Sewer Service (multiple dwelling unit, permanent type) Flat rate of $26,50 $29'00 per month for each dwelling unit /-WCY4`Yfl030(2V} Commercial and Industrial Sewage Service Flat $46,50 $51.00 month and, in rate of per addition, any usage over 750 cubic feet of water per boat the $51.00 750 month shall rate of$46,50 per cubic feet ITMCY4.YO'D30(4)] SEWER INTEREST CHARGE RATE On all sewer accounts 30 days in arrears from the date of delinquency until paid 8% per annum computed on a monthly basis SURFACE WATER RATES FEE PER YEAR Surface Water Utility RohyoPer Year Category: Service Charge Per Acre Current 2014 Proposed 2015 1. Natural 2. 0 - 20% Developed Surface 3. 21 - 50% Developed Surface 4. 51 - 70% Developed Surface S. 71-85Y6 Developed Surface G. 8G-10Uf6 Developed Surface 7. Single-Family Residential Parcels $ 142.24 $ 170'68 $ 300.26 $ 371.10 $ 566.82 $ 680'18 $ 845.78 $1,014.94 $1.018.94 $1,222'72 $1.188.60 $1,426.32 $ 118.00 per parcel $ 142.00 per parcel SURFACE WATER INTEREST CHARGE RATE On all surface water accounts 30 days in arrears hnmthedohaofde|inquoncyunb|p�id 896 per annum computed onannonth|ybasis W:\Word Processing Viesdutions\PVV fee sched-utility and transportation fees 10-23-14 GL:bjs Page 3 of 5 32 TRANSPORTATION CONCURRENCY TEST FEE SCHEDULE Fees for Residential Use UNIT ALL TYPES OF RESIDENTIAL1 Between 1 and 3 $ 300.00 Between 4 and 5 $ 600.00 Between 6 and 10 $ 1.200.00 Between 11 and 15 $ 2.000.00 Between 16 and 20 $ 3.500.00 Between 21 and 25 $ 5.000.00 Between 26 and 30 $ 6'500.00 Between 31 and 40 $ 8.000.00 Between 41 and 60 $10.000.00 Greater than 60 $12`000.00 1 All residential uses defined by the ITE Trip Generation Manual Land Use Codes 200-299, including single family, multi-family, mobile home parks, and shared housing Fees for Non-Residential Use GROSS FLOOR AREA 1wouoTmA/2 OFFICE3 RETAIL4 EATERY5 lmaT|TU- TIONAL & Po=T^ ALL OTHER Usso Less than 5,000 $1.000 $1.800 $2.700 $5.400 $500 $1.500 Between 5,001 and 10,000 $1.500 $2.700 $4,050 $8'100 $1.000 $2.000 Between 10,001 and 20,000 $2.000 $3.600 $5,400 $10.800 $1.500 $2.500 Between 20,001 and 30,000 $3`000 $5.400 $8.100 $10.800 $2.000 $2,500 Between 30,001 and 40,000 $4.000 $7.200 $10.800 $10.800 $2.500 $2.500 Between 40,001 and 50,000 $5.000 $9.000 $13.500 $10.800 $3,000 $2.500 Between 50.001 and 70,000 $6,000 $10,800 $16'200 $10.800 $4.000 $2'500 Between 70,001 and 90,000 $7.000 $12'600 $18.800 $10.800 $5.000 $2`500 Between 90,001 and 150,000 $8.000 $14'400 $21.600 $10.800 $6.000 $2,500 Between 150,001 and 200,000 $9,000 $18.200 $24.300 $10.800 $7'000 $2.500 Greater than 200,000 $10,000 $18.000 $24.300 $10,800 $8.000 $2.500 2 All industrial/agricultural uses defined by the ITE Trip Generation Manual Land Use Codes 100-199. including light and heavy industrial, manufacturing, and warehousing 3 All office, medical, and service related uses defined by the ITE Trip Generation Manual Land Use Codes 600-699, 700-799, and 900-999, including general office, medical facilities, and banks 4 All retail and recreation uses defined by the ITE Trip Generation Manual Land Use Codes 400-499, 800-830 and 837-899, including retail sales, rental sales, athletic clubs, and theaters 5 All food service uses defined by the ITE Trip Generation Manual Land Use Codes 831-836. excluding accessory (stand-alone) drive-through espresso stands (or similar) under 250 sq. ft., which are assessed $300 6 All institutional and transportation uses defined by the ITE Trip Generation Manual Land Use Codes 000-099 and 500-599, including schools, places of worship, day care, terminals, and transit W:\Word fee sched-utility and transportation fees 10-23-14 GL:bjs Page 4 of 5 33 Section 2. Repealer. Resolution No. 1802 is hereby repealed. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of 2014. ATTEST/AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk De' Sean Quinn, Council President APPROVED AS TO FORM BY: Filed with the City Clerk: Passed by the City Council: Resolution Number: Rachel Turpin, City Attorney W:\Word Processing \Resolutions\PW fee sched-utility and transportation fees 10-23-14 GL:bjs Page 5 of 5 34 ATTACHMENT D City of Tukwila WATER ENTERPRISE FUND 2015 - 2020 Analysis in 000's REVENUES 2012 Actual 2013 Actual 2014 Budget Estimate 2015 2016 2017 2018 2019 2020 Totals '... Monthly Water Charges P) Base Base +5% +5% +5% +5% +5% +5% +5% Cascade Water Alliance (CWA) 2,198 2,331 2,310 2,310 2,375 2,400 2,472 2,546 2,622 2,700 15,115 Regular City Water 2,955 3,257 3,207 3,207 3,394 3,633 3,712 3,898 4,093 4,100 22,830 Subtotal Water 5,153 5,588 5,517 5,517 5,769 6,033 6,184 6,444 6,715 6,800 37,945 Other Miscellaneous Revenue 193 151 130 40 35 35 50 70 100 120 410 Interlocal Ags \PWTF \Grants 4 127 0 0 0 0 0 0 0 0 0 Water Connection Fees (2( 4 84 50 18 25 25 25 25 10 10 120 Total Revenues 5,354 5,950 5,697 5,575 5,829 6,093 6,259 6,539 6,825 6,930 38,475 EXPENDITURES CWA Purchased Water (}) 2,198 2,331 2,310 2,310 2,375 2,400 2,472 2,546 2,622 2,700 15,115 Water Operations & Maintenance 1,689 1,846 1,827 1,827 2,112 2,101 2,121 2,143 2,183 2,200 12,860 Debt Service t'' 555 536 555 555 550 162 162 161 162 161 1,358 Interfund Utility Tax (') 10% 518 562 565 556 579 605 623 651 682 692 3,832 Engineering Labor(') 62 64 76 75 78 80 83 85 87 89 502 Subtotal 5,022 5,339 5,333 5,323 5,694 5,348 5,461 5,586 5,736 5,842 33,667 Water Capital - CIP Program 191 125 1,455 1,159 1,738 2,918 1,083 915 497 1,768 8,919 Total Expenditures 5,213 5,464 6,788 6,482 7,432 8,266 6,544 6,501 6,233 7,610 42,586 FUND BALANCE Change in Fund Balance"' 141 486 (1,091) (907) (1,603) (2,173) (285) 38 593 (680) (4,111) Beginning Balance 6,043 6,078 6,786 6,542 5,635 4,032 1,859 1,574 1,612 2,204 5,635 Ending Balance 6,184 6,564 5,695 5,635 4,032 1,859 1,574 1,612 2,204 1,524 1,524 Fund Balance: Reserved (6120% of revenue Unreserved 1,070 1,078 1,165 5,494 4,617 4,471 Ending Balance 6,184 6,564 5,695 5,635 i 1,115 1,166 1,219 1,252 1,308 1,365 1,365 2,917 694 355 360 896 159 159 4,032 1,859 1,574 1,612 2,204 1,524 1,524 (a) Revenues in excess of (less than) expenditures (b) Annual reserve balance requirement equals 20% of the prior year operating revenues. 35 2015 - 2020 Financial Planning Model XXXIII ATTACHMENT E City of Tukwila SEWER ENTERPRISE FUND 2015 - 2020 Analysis in 000's REVENUES Actual Actual zois Actual Budget Budget zima Estimate 2015 2016 2017 2018 2019 2020 Totals +20% Monthly Sewer Charges +20% +15% +15% +10% +5% +5% +5% +5% +4.3% 1,740 King County Metro Sewer (1) 3,611 3,447 3,749 4,000 4,022 4,191 4,254 4,322 4,381 4,513 '', 25,683 Regular City Sewer (2) 2,693 3,759 2,896 3,452 3,500 3,553 3,695 3,843 3,997 4,137 22,724 Subtotal Sewer Revenue 6,304 7,206 6,645 7,452 7,522 7,744 7,949 8,165 8,378 8,650 48,407 Other Misc. Revenue 200 143 150 130 165 165 200 210 220 230 1,190 Grant /Bonds /PWTF 2 45 705 250 455 290 0 0 0 2,133 2,878 Sewer Connection Fees (3) 104 249 120 150 120 125 125 100 100 100 670 Total Revenues 6,610 7,643 7,620 7,982 8,262 8,324 8,274 8,475 8,698 11,113 53,145 EXPENDITURES Sewer Operations & Maintenance King County Metro Sewer (4) 3,611 3,447 3,749 4,000 4,022 4,191 4,254 4,322 4,381 4,513 25,683 Regular City Sewer (') 1,106 1,081 1,012 1,112 1,188 1,035 1,250 1,275 1,301 1,327 7,376 Debt Service (6) 356 353 394 394 396 395 389 390 387 388 2,345 Interfund Utility Tax (7) 10% 647 737 680 758 769 791 815 837 860 888 4,960 Engineering Labor (9) 85 118 77 77 77 78 80 83 85 87 490 Subtotal 5,805 5,736 5,912 6,341 6,452 6,490 6,788 6,907 7,014 7,203 40,854 Sewer Capital - CIP Program 484 473 1,700 764 2,180 3,307 1,340 1,240 1,823 3,603 13,493 Total Expenditures 6,289 6,209 7,612 7,105 8,632 9,797 8,128 8,147 8,837 10,806 54,347 FUND BALANCE Change in Fund Balance RRJ 321 1,434 9 877 (370) (1,473) 146 327 (139) 307 (1,202) Beginning Balance 1,890 2,199 2,259 3,595 4,472 4,102 2,629 2,775 3,103 2,964 4,472 Ending Balance 2,211 3,633 2,268 4,472 4,102 2,629 2,775 3,103 2,964 3,270 3,270 Fund Balance: Reserved -20% of prior year's revenue 1,322 1,104 1,520 1,520 1,561 1,607 1,655 1,695 1,740 1,740 Unreserved 2,311 1,163 2,952 2,583 1,068 1,169 1,448 1,269 1,531 1,531 Ending Balance 2,211 3,633 2,268 4,472 4,102 2,629 2,775 3,103 2,964 3,270 3,270 '' Revenues in excess of (less than) expenditures 2014 - 2019 Financial Planning Model )00(V 36 ATTACHMENT F City of Tukwila SURFACE WATER ENTERPRISE FUND 2015 - 2020 Analysis in 000's REVENUES zolz Actual Actual ztu 2014 Budget 2014 estimate 2015 2016 2017 2018 2019 2020 Total Reserved 1120 % of revenue +10% +5% +10% +10% +20% +13% +10% +10% +10'% +10% I, 1,566 Annual Billings (Current)'' 3,669 3,845 4,217 4,222 5,066 5,825 6,408 7,049 7,754 8,529 ', 40,631 Other Revenues 55 47 20 50 30 38 50 60 75 80 333 Grants/Bond Proceeds '2) 131 27 335 355 6,183 1,123 7,161 3,513 63 113 18,156 Total Revenues 3,855 3,919 4,572 4,627 11,279 6,986 13,619 10,622 7,892 8,722 59,120 EXPENDITURES Operations & Maintenance 1,445 1,556 1,752 1,752 2,009 1,940 2,061 2,143 2,332 2,426 '' 12,911. Debt Service t'1 308 315 314 315 313 312 311 310 308 307 1,861 Blterfund Utility Tax 14) 10% 369 388 424 427 510 586 646 711 783 861 4,096 Engineering Labor ") 301 393 285 300 514 531 600 624 700 728 3,697 Subtotal 2,423 2,652 2,775 2,794 3,346 3,369 3,618 3,788 4,123 4,322 22,565 SS 41'M Capital - CIP Program 1,170 1,046 3,565 3,243 7,945 4,156 8,925 5,505 2,015 1,020 29,566 Total Expenditures 3,593 3,698 6,340 6,037 11,291 7,525 12,543 9,293 6,138 5,342 52,131 FUND BALANCE Change in Fund Balance l "1 262 221 (1,768) (1,410) (12) (539) 1,076 1,329 1,754 3,380 6,989 Beginning Balance 2,151. 2,329 2,085 2,193 783 771 232 1,308 2,637 4,391 783 Ending Balance 2,413 2,550 317 783 771 232 1,308 2,637 4,391 7,771 7,771 Fund Balance: Reserved 1120 % of revenue 745 770 778 847 1,019 1,173 1,292 1,422 1,566 1,566 Unreserved 1,805 (453) 4 (76) (787) 136 1,346 2,970 6,206 6,206 Ending Balance 2,413 2,550 317 783 771 232 1,308 2,637 4,391 7,771 7,771 (a) Revenues in excess of (less than) expenditures (b) Annual reserve balance requirement equals 20% of the prior year operating revenues. 2015 - 2020 Financial Planning Model II 37