Hist and Proj Operating Receipts FY 2011 2 17 2010 - DC Water

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Muon Hrcuueurs E lssues bt Deer w FY 2009 - 2011 - 474,m Id2Ø Series 1998 - Senior Series2003- Subordinate Series 20074 - Subord¡nate Series 20084 - Subordinate Series 20094 - Sen¡or Subtotal of Columbia GO Bonds DEBT SERVICE FY 2009 -2011 (ln $000's) I Ibd Í20¡o 9,955 13,416 23,371 - 8,890 8,890 - 11,351 11,351 4,460 14,450 18,910 1,775 16,176 17,951 16,190 æ,282 80,472 1,245 87 1,332 --- 310 496 805 37 12 ¡18 346 507 853 1,930 1,930 - 6,097 6,097 rs103,att I 10,500 12,868 23,368 - 8,890 8,890 - 11,351 11,351 5,585 14,249 19,831 2,020 16,123 18,1¿13 18,105 63,¡t8l El,5E6 245 ¡tE 293 320 485 805 39948 359 494 85:Ì - 5,502 5.502 - 4,060 4,060 _-:_ 11.059 11,059 vil-5 DEBT SERVICE Debt service is the fastest growing area of the operating budget due to DC WASA's $3.8 billion CIP (cash disbursements basis). . FY 2010 revised debt service is $15.9 million higher than FY 2009 actual debt service due to full year debt service payments on Series 2009A. . Assumes increasing commercial paper program to a minimum of $200 million . FY 2011 approved debt service is $12.7 million higher than FY 2010 revised primarily due to planned issuance of new debt. CAPITAL FINANCING PLAN DC WASA's comprehensive capital financíng plan contains two key goals: 1) minimize DC WASA's cost of capital and 2) increase operational fl exibil ity through: . lnterim financing . Permanent bond financing ' Pay-go financing INTEREST RATE ASSUMPTIONS Future interest rate assumptions for ten year plan purposes are: . Variable rate - 3.25o/o (FY 2010) and 1.75o/o (FY 2011) plus fees . Fixed rate - 6.00/o (FY 2010 and FY 201 1) plus fees . For appropriations purposes, higher interest rates are assumed, as discussed in Section lV. BOND RATINGS . Moody's Aa3 Stable Outlook . Standard & Poor's AA Stable Outlook . Fitch Ratings AA- Positive Outlook
OursreuilNa Deer SEIIIOR DEBT Public Utility Revenue Bonds, Series 1998 Public l.Jt¡lity Rerenue Bonds, Series ãIÞA TOTAI. SEN¡OR DEET SUBORDINATE DEBT Public l.ltility Subordinated Lien Rerenue Bonds, Sedes 2üB DEBT OUTSTANDING AS OF SEPTEMBER 30,2OO9 Public tltility Subord¡neted L¡en Rerenue Bonds, Senes ãI]7A Public Utility Subord¡nated Uen Taxable Revenue Bonds, Series 2ffi4 Notes Payable to the Federal Govemment for Jenn¡ngs Rândolph Reservoit Noles Payable to \ÂISSC for Uttle Seneca Reseruoir D¡slricl ofColumbia General Obligat¡on Bonds Commercial Paper, Sedes Àl (taxable) TOTAT SUBORDIilATE DEBT TOTAL DEBT OUTSTANDI]IG II{TEREST FINÄL AflOUI{T RATES NATURITY OUTSTAIIDIIIG 5.50% - 6.00% Tâ 2ß/É 3.00% - 6.00% zIp 3m.m s.Oo/o-s.X% ZIB 4.75%-5.æ% n42 4.æ% - 5.m0/o ãrË 3.å% ru1 5.98% - 6.607o ZJ11 4.æ%-6.750/o zJ12 2.45oÁ - 12.ú!o fJ13 LEGAL DEBT LIMIT: DC WASA is not subject to any legal debt timitations. I 5t8.705 176ø 218715 m375 ß,m 179 5,1&l Bffi 735.101 f 1.283.806 PUBLIC UTILITY REVENUE BONDS (Senior Lien): Senior lien debt issued under DC WASA's master trust indenture; Series 1998 fixed rate debt, insured and rated Aaa/AAA/AAA. Series 20094 fixed rate debt issued without bond insurance and rated Aa3/AA-/AA. PUBLIC UTILIW REVENUE BONDS (Subordinated Lien): Subordinate lien debt issued under DC WASA's master trust indenture; Series 2003, Series 20074 and Series 20084. Each series is issued as fixed rate debt, insured and rated Aaa/A/fuA/AAA. REFUNDING (Subordinated Lien): DC WASA refunded two subordinate series to date: 1) Series 2004 originally issued as auction rate securities and refunded by issuing Series 20084, and 2) Series 20078 originally issued as taxable auction rate securities for improvements to the Washington Aqueduct was refunded by issuing Series A-1 taxable commercial paper in FY 2008. DC WASA will evaluate each new issuance to determine the most cost effective way to reduce the amount of taxable commercial paper. DISTRICT GENERAL OBLIGATION BONDS: This debt was assumed at DC WASAs creation and issued by the District of Columbia government (DC WASA's predecessor agency) for capital improvements. This debt is treated as subordinate under DC WASA's master indenture of trust. Under a 1998 MOU with the District, DC WASA prepays the next fiscal year's debt service each September, e.9., in September 2009, DC WASA prepaid FY 2010 debt service. NOTES FOR JENNINGS RANDOLPH RESERVOIR: Debt issued by the federal government for construction of the backup water supply facility; DC WASA's share of operating and capital cost is 30 percent. NOTES FOR LITTLE SENECA RESERVOIR: Debt issued by the Washington Suburban Sanitary Commission (WSSC) for construction of this backup water supply facility; DC WASA's share of operating and capitalcosts is 40 percent. COMMERCIAL PAPER: As described in Section lV, DC WASA developed this program in early FY 2OO2. All notes are issued on a subordinate basis. The commercial paper program is utilized for interim bond financing, including the Washington Aqueduct and capital equipment. DC WASA'S commercial paper program is issued in increments with maturities less than 270 days. Normal market conditions carries sígnificantly lower interest rates than long-term debt. DC WASA's commercial paper program is backed by a direct pay letter of credit issued by Westdeutsche Landesbank Girozentrale (WestLB). ln FY 2010, DC WASA's $100 million program is being evaluated to determine the appropriate size given the $3.8 billion CIP program. vil-6
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District of Columbia Water and Sewe
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DC WASA's CRITICAL SUCCESS FACTORS
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ACKNOWLEDGEMENTS PR¡NCIPAL STAFF M
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( GOVER NMENT FINANC B OFFICERS ASS
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FY 2010 Oper. Expend. by Department
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DISTRICT OF COLUMBIA WATER AND SEWE
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. lncrease the rate of main replace
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R AND SEWER SOOO OVERLOOK AVENUE, S
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FY 2010 Budget Major Reductions (¡
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A Strong Track Record of Capital lm
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Budgeting for Performance - Ensurin
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DC WASA successfully completed anot
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High Use Notification Application (
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PCI Standards - DC WASA implemented
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Website Enhancements - Continuing t
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District. In FY 2009, we commenced
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• Water Quality Library, to be de
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services we provide. In FY 2010, we
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Boys Town of Washington, DC - Durin
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CI> E! $25.00 .s::. ••• U ~ $
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This Strategic Plan Critical Succes
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FY 2010 & FY 2011 Operating (In 000
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Overtime History Dollars and Hours
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In FY 2009, we completed a study of
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DC WASA's ten-year capital improvem
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• Local and Minority Business Rev
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target for replacement of non-stand
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DC WASA continues to invest in wate
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Anacostia and Rock Creek Park, and
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modification to the permit reducing
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ELECTRICITY PRICING (ALL-IN-COST) $
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carbon footprint legislation and re
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• Automated Fuel Tracking - to fa
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(AWWA) verifies that the growing re
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Total Rewards Statements - During F
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People Working Together to Make A D
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DC WASA's contractor lost workday c
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Regional Macro-Economics DC WASlt's
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KEY FACTS There appears to be a dir
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FY 2010 Revised Budget ($ooo's¡ CA
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Comoarative Exoenditures ($000's) F
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ACCOUNTING AND BUDGET PROCESSES Bas
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FY 2O1l Budget Galendar Month Event
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WASA Key Flr,ltr,¡cnl PorlctEs DEB
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Financing and Reserue Policies ln F
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Gustomer Demand and Demographics -
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DCCommercialWater Denund rr. Commer
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and implementation of successful pr
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- DC WASA changed banks on Septembe
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Raúes. The proposed rate and fee a
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The proposed monthly IAC charge for
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under the program by DDOE and to mi
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CSO LTCP Spending by Year 123.3 y4.
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14. Projected decrease in IAC reven
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Wholesale - DC WASA's wholesale cus
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O p e rati n g Ex pen d itu res As
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the District of Columbia government
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. Wholesale Capital Payments - Appr
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Indenture-Required Operating Reserv
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Water and Sewer System Facility Pla
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and a poss¡ble 2,215 customers wer
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Revenues The proposed FY 2010 recei
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consumption and rate increases, and
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* DC WASA's share of the District's
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FY 2009. The commercial paper progr
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Capital Financing Program, Cash Pos
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Cash Position & Reserwes Cash balan
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Long-Term Operational and Financial
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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
Page 185 and 186: FY 2009 - FY 2018 Capital Equipment
Page 187 and 188: FY 2009 - FY 2018 Capital lmproveme
Page 189 and 190: Fiscal Year 2011 Capital Authority
Page 191 and 192: FY 2OO9 .2018 CAPITAL IMPROVEMENT P
Page 193: CASH RESERVES SUMMARY (ln $000's) F
Page 197 and 198: OUTSTANDING & PROPOSED DEBT SERVICE
Page 199 and 200: OUTSTANDING & PROPOSED DEBT SERVICE
Page 201 and 202: $6,000,000 TOTAL DEBT OUTSTANDING V
Page 203 and 204: District of Columbia Water and Sewe
Page 205 and 206: Operations & Maintenance Expenditur
Page 207 and 208: Comparative Operating Expenditures
Page 209 and 210: Comparative Operating Expenditures
Page 211 and 212: Filled vs. Vacant Positions FY 2007
Page 213 and 214: Overtime FY 2008 - FY 2011 ($000'5)
Page 216: D. C. Water & Sewer Authority Organ
Page 219 and 220: MISSION: To treat wastewater delive
Page 222 and 223: BLUE PLAINS WASTEWATER TREATMENT PL
Page 224: BLUE PLAINS WASTEWATER TREATMENT PL
Page 227 and 228: I WATER SERVICES I MISSION: To oper
Page 229 and 230: HISTORICAL WATER MAIN BREAKS FY 200
Page 232 and 233: ASSISTANT GENERAL MANAGER Consumer
Page 234 and 235: OVERVIEW FY 2010 Major Recommended
Page 236 and 237: ASST. GEN. MGR. Blue Plains POSITIO
Page 238: OVERVIEW FY 2010 Major Recommended
Page 241 and 242: FY2009 FY 2010 FY2010 FY 2011 Actua
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MISSION: To perform engineering pla
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~ ceu .c ;:: ~ ~ euc L{) v 0 +=i c
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MISSION: To develop, design. constr
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CHIEF ENGINEER Deputy General Manag
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OVERVIEW FY 2010 Major Recommended
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BUDGET OVERVIEW: The FY 2010 revise
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BOARD OF DIRECTORS POSITIONS CURREN
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BOARD OF DIRECTORS POSITIONS CURREN
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INTERNAL AUDIT MISSION: The mission
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FY 2011 Budget $7,631,000 CHIEF FIN
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CHIEF FINANCIAL OFFICER POSITIONS C
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BUDGET OVERVIEW: The revised FY 201
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GENERAL MANAGER CURRENT Average Yea
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MISSION: To ensure that the Authori
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• Assume additional operation sup
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POSITIONS GENERAL CURRENT Average Y
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MISSION: To deliver high quality, i
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During FY 2009, the Authority conti
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and regulations for using electroni
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To support employees' educational a
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FY 2011 Budget $6,517,000 Su ASSIST
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MISSION: To procure, on time and wi
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ASSISTANT GENERAL MANAGER Authorize
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BUDGET OVERVIEW: The FY 2010 revise
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BOARD OF DIRECTORS: DC WASA's gover
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FIXED ASSET: Long-lived property ow
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PAYMENT IN LIEU of TAXES (PILOT): A
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DETS: DEPARTMENT OF ENGINEERING AND
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MBE: MINORITY BUSINESS ENTERPRISE R
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WHEREAS, after extensive discussion
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WHEREAS, during the January 2010 me
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and Budget Committees Uointly refer
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Capital Improvement Plan Descriptio
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WHEREAS, on December 17, 2009, the
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FY 2009 - FY 2018 PROJECTED CAPITAL
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The Board of Directors hereby appro
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Presented and Adopted: February 4,
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Title 21 DCMR, Chapter 41 RETAIL WA
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Plan for WASA Board's Low Impact De
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Presented and Adopted: February 4,
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Presented and Adopted: February 4,2
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1. The Board finds that the Authori
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