Hist and Proj Operating Receipts FY 2011 2 17 2010 - DC Water
Hist and Proj Operating Receipts FY 2011 2 17 2010 - DC Water Hist and Proj Operating Receipts FY 2011 2 17 2010 - DC Water
the District of Columbia governmental sector carbon footprint inventory using 2006 as the base year. Additionally, DC WASA has completed its carbon footprint inventories for 2OO7 and 2008, respectively, in compliance with The Climate Registry's General Reporting Protocol. These inventories will serve as the baseline in establishing carbon footprint reduction goals, a specific Board strategic critical success factor. The Energy Steering Team provides input into the development of a ten-year energy management plan and will play a vital role in the conduct of DC WASA's comprehensive energy audit planned for completion in FY2O10. The energy audit will provide a technical energy savings analysis of DC WASA assets, development of a methodology for measurement and verification of savings projections and evaluation of cosVbenefit of implementation of recommendations. Additionally, the Authority will seek and analyze opportunities to engage in peak load curtailment and load shedding programs through PJM (Pennsylvania, Jersey and Maryland) to reduce cost and earn payment for such actions. The proposed FY 2011 budget totals $408.1 million, a 6.8 percent increase over the revised FY 2010 budget. This increase is primarily due to increasing debt service costs associated with DC WASA's capital improvement program. The FY 2011 operations and maintenance budget (net of debt service, PILOT/ROW fee) increases by 4.1 percent, due primarily to projected increases in water purchases (driven by additional costs to operate the new residuals processes), utilities (driven by electricity), and personnel services cost. Specific information regarding each department is included in Section Vll. Beginning in FY 2010, the ten-year financial plan reflects the following major assumptions: . One to three percent Increase over approved FY 2010 levels in most expense categories, reflecting implementation of the Blue Plains and other departmental internal improvement programs - Beginning in FY 2014, operating expenses are projected to decrease by two point six zero percent, reflecting completion of the digester facility. This facility is expected to provide operating and maintenance savings . . Three percent increase in water purchase costs, based on historical Washington Aqueduct budget trends ' Payment in lieu of taxes (PILOT) to the District of Columbia increases at the same rate as DC WASA retail rate increases, in accordance withr.the memorandum of understanding with the District . The net right of way payment to the District of Columbia stays level at $5.1 million through FY 2013 consistent with the memorandum of understanding with the District tv-28
Capital Financing Program, Cash Position, & Long-Term Debt The FY 2009 - 2018 financial plan anticipates capital disbursements of $3.8 billion. The financing of DC WASA's capital program comes from four primary sources, as more fully described below. The amount of EPA grant funding is defined by annual federal appropriations, while jurisdictional capital contributions are based on a fixed percentage of Blue Plains and other shared facilities. The remainder of the program is funded with DC WASA debt and PAYGO financing from operations. The amount of PAYGO financing is equal to the amount available after fully funding the operating reserve and meeting Board policies on the level and timing of rate increases and debt service coverage. During FY 1999, DC WASA developed a comprehensive financing plan with the dual goals of 1) securing the lowest cost of capital possible, and 2) maximizing administrative and operating flexibility. The plan includes the following components through evaluating financing options: - Resize interim financing program - ln FY 2010, DC WASA plans to use commercial paper to finance capital equipment and it's share of Washington Aqueduct improvements (see Section Vll for further discussion) ln early FY 2010 DC WASA began evaluating resizing the commercial paper program with the intent of increasing the amount to be more in line with the ClP. - lssue permanent financing every twelve to 18 months to take out interim financing proceeds. - Utilize pay-go financing Additional details on each financing source are described below. FY2OOg - 2OI8 PLAN TOTAL Percent of Total EPA Grants / CSO Appropriations Wholesale Capital Payments Revenue Bonds / Commercial Pape PAYGO Financing 292,249,207 1,032,522,147 2,364,7s3,668 107 ,957,166 7.7o/o 27.0o/o 61.9o/o 2.8Yo lnfcrcsf lncnmc nn Rnnd Prnneeds 21 .289.321 O.60/o rOTAL SOURCES $ 3.818.771.509 100.001 . EPA Grants - DC WASA currently receives 55 - 80 percent EPA grant funding for certain eligible projects under the Clean Water and Safe Drinking Water Acts. ln general, the District of Columbia projects carried out by DC WASA are supported by approximately one percent of the available annual funding through revolving fund programs associated with the Clean Water and Safe Drinking Water Acts. ln addition, DC WASA has received $122.0 million in . Congressional appropriations for the CSO LTCP. tv-29
- Page 83 and 84: FY 2010 Revised Budget ($ooo's¡ CA
- Page 85 and 86: Comoarative Exoenditures ($000's) F
- Page 87 and 88: ACCOUNTING AND BUDGET PROCESSES Bas
- Page 89 and 90: FY 2O1l Budget Galendar Month Event
- Page 91 and 92: WASA Key Flr,ltr,¡cnl PorlctEs DEB
- Page 93 and 94: Financing and Reserue Policies ln F
- Page 95 and 96: Gustomer Demand and Demographics -
- Page 97 and 98: DCCommercialWater Denund rr. Commer
- Page 99 and 100: and implementation of successful pr
- Page 101 and 102: - DC WASA changed banks on Septembe
- Page 103 and 104: Raúes. The proposed rate and fee a
- Page 105 and 106: The proposed monthly IAC charge for
- Page 107 and 108: under the program by DDOE and to mi
- Page 109 and 110: CSO LTCP Spending by Year 123.3 y4.
- Page 111 and 112: 14. Projected decrease in IAC reven
- Page 113 and 114: Wholesale - DC WASA's wholesale cus
- Page 115 and 116: O p e rati n g Ex pen d itu res As
- Page 117 and 118: the District of Columbia government
- Page 119 and 120: . Wholesale Capital Payments - Appr
- Page 121 and 122: Indenture-Required Operating Reserv
- Page 123 and 124: Water and Sewer System Facility Pla
- Page 125 and 126: and a poss¡ble 2,215 customers wer
- Page 127 and 128: Revenues The proposed FY 2010 recei
- Page 129 and 130: consumption and rate increases, and
- Page 131 and 132: * DC WASA's share of the District's
- Page 133: FY 2009. The commercial paper progr
- Page 137 and 138: Cash Position & Reserwes Cash balan
- Page 139 and 140: Long-Term Operational and Financial
- Page 141 and 142: DISTRICT OF COLUMBIA WATER & SEWER
- Page 143 and 144: 450,000 Historical & Projected Cash
- Page 145 and 146: Hi$orical and Projected Billed Cons
- Page 147 and 148: RECENT & PROPOSED RATE & FEE CHANGE
- Page 149 and 150: $35.00 AVERAGE CAP CUSTOMER MONTHLY
- Page 151 and 152: Fy20,0 RArE-:::il:=: PR,P'SED RA'E
- Page 153 and 154: RECENT & PROPOSED RATE & FEE CHANGE
- Page 155 and 156: FY 2OO9 - FY 2018 FINANCIAL PLAN PR
- Page 157 and 158: FY 2O1O - FY 2018 FINANCIAL PLAN PR
- Page 159 and 160: POTENTIAL IMPACT OF CSO LONG.TERM C
- Page 161 and 162: WHY RATE INCREASES ARE NEEDED, cont
- Page 163 and 164: WHY RATE INCREASES ARE NEEDED, cont
- Page 165 and 166: WASA,S RETAIL RATES ARE COMPARABLE
- Page 167 and 168: DC WASA'S RETAIL RATES ARE COMPARAB
- Page 169 and 170: FY 2009 - FY 2018 Capital lmproveme
- Page 171 and 172: more w¡dely disposed of at reduced
- Page 173 and 174: During FY 2009, DC WASA completed a
- Page 175 and 176: WASHINGTON AQUEDUCT The Washington
- Page 177 and 178: CAPITAL AUTHORITY As part of DC WAS
- Page 179 and 180: These are projects that are underta
- Page 181 and 182: 450,000 Historical and Projected Ca
- Page 183 and 184: CAPITAL EQU I PIIII ENT DISBU RSEIT
the District of Columbia governmental sector carbon footprint inventory using 2006 as the base year. Additionally, <strong>DC</strong> WASA has<br />
completed its carbon footprint inventories for 2OO7 <strong>and</strong> 2008, respectively, in compliance with The Climate Registry's General<br />
Reporting Protocol. These inventories will serve as the baseline in establishing carbon footprint reduction goals, a specific Board<br />
strategic critical success factor. The Energy Steering Team provides input into the development of a ten-year energy management<br />
plan <strong>and</strong> will play a vital role in the conduct of <strong>DC</strong> WASA's comprehensive energy audit planned for completion in <strong>FY</strong>2O10. The<br />
energy audit will provide a technical energy savings analysis of <strong>DC</strong> WASA assets, development of a methodology for measurement<br />
<strong>and</strong> verification of savings projections <strong>and</strong> evaluation of cosVbenefit of implementation of recommendations. Additionally, the<br />
Authority will seek <strong>and</strong> analyze opportunities to engage in peak load curtailment <strong>and</strong> load shedding programs through PJM<br />
(Pennsylvania, Jersey <strong>and</strong> Maryl<strong>and</strong>) to reduce cost <strong>and</strong> earn payment for such actions.<br />
The proposed <strong>FY</strong> <strong>2011</strong> budget totals $408.1 million, a 6.8 percent increase over the revised <strong>FY</strong> <strong>2010</strong> budget. This increase is<br />
primarily due to increasing debt service costs associated with <strong>DC</strong> WASA's capital improvement program. The <strong>FY</strong> <strong>2011</strong> operations<br />
<strong>and</strong> maintenance budget (net of debt service, PILOT/ROW fee) increases by 4.1 percent, due primarily to projected increases in<br />
water purchases (driven by additional costs to operate the new residuals processes), utilities (driven by electricity), <strong>and</strong> personnel<br />
services cost. Specific information regarding each department is included in Section Vll.<br />
Beginning in <strong>FY</strong> <strong>2010</strong>, the ten-year financial plan reflects the following major assumptions:<br />
. One to three percent Increase over approved <strong>FY</strong> <strong>2010</strong> levels in most expense categories, reflecting implementation of the Blue<br />
Plains <strong>and</strong> other departmental internal improvement programs<br />
- Beginning in <strong>FY</strong> 2014, operating expenses are projected to decrease by two point six zero percent, reflecting completion of<br />
the digester facility. This facility is expected to provide operating <strong>and</strong> maintenance savings<br />
. . Three percent increase in water purchase costs, based on historical Washington Aqueduct budget trends<br />
' Payment in lieu of taxes (PILOT) to the District of Columbia increases at the same rate as <strong>DC</strong> WASA retail rate increases, in<br />
accordance withr.the memor<strong>and</strong>um of underst<strong>and</strong>ing with the District<br />
. The net right of way payment to the District of Columbia stays level at $5.1 million through <strong>FY</strong> 2013 consistent with the<br />
memor<strong>and</strong>um of underst<strong>and</strong>ing with the District<br />
tv-28