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HomeMy WebLinkAbout2017-05-18 Finance Committee Agenda PacketFinance Committee 1 MATERIALS RELATED TO AN ITEM ON THIS AGENDA SUBMITTED TO THE CITY COUNCIL AFTER DISTRIBUTION OF THE AGENDA PACKET ARE AVAILABLE FOR PUBLIC INSPECTION IN THE CITY CLERK’S OFFICE AT PALO ALTO CITY HALL, 250 HAMILTON AVE. DURING NORMAL BUSINESS HOURS. May 18, 2017 Special Meeting Council Chambers 2:00 PM Agenda posted according to PAMC Section 2.04.070. Supporting materials are available in the Council Chambers on the Thursday 10 days preceding the meeting. PUBLIC COMMENT Members of the public may speak to agendized items. If you wish to address the Committee on any issue that is on this agenda, please complete a speaker request card located on the table at the entrance to the Council Chambers/Community Meeting Room, and deliver it to the Clerk prior to discussion of the item. You are not required to give your name on the speaker card in order to speak to the Committee, but it is very helpful. Call to Order Oral Communications Members of the public may speak to any item NOT on the agenda. Action Items 1.May 9th Budget Hearing Continuation 2:00-2:30PM 2.Fiscal Year 2018 Proposed Municipal Fee Schedule 2:30-3:30PM 3.General Fund Capital 3:30-5:30PM a)Buildings and Facilities, Capital Budget (pp. 73-141) b)Parks and Open Space, Capital Budget (pp. 147-225) c)Streets and Sidewalks, Capital Budget (pp. 227-249) d)Traffic and Transportation, Capital Budget (pp. 251-289) e)Cubberley Infrastructure, Capital Budget (pp. 295-316) 4.Utilities Department 5:30-6:30PM a)Electric Fund i. Operating Budget (pp. 411-425) ii. Capital Budget (pp. 343-427) b)Fiber Optics Fund i. Operating Budget (pp. 427-434) ii. Capital Budget (pp. 429-443) c)Gas Fund i. Operating Budget (pp. 435-447) ii. Capital Budget (pp. 445-479) d)Wastewater Collection Fund i. Operating Budget (pp.449-458) ii. Capital Budget (pp. 495-523) PROPOSED CAPITAL PROPOSED OPERATING MEMO A MEMO B 2 May 18, 2017 MATERIALS RELATED TO AN ITEM ON THIS AGENDA SUBMITTED TO THE CITY COUNCIL AFTER DISTRIBUTION OF THE AGENDA PACKET ARE AVAILABLE FOR PUBLIC INSPECTION IN THE CITY CLERK’S OFFICE AT PALO ALTO CITY HALL, 250 HAMILTON AVE. DURING NORMAL BUSINESS HOURS. e)Water Fund i. Operating Budget (pp. 459-472) ii. Capital Budget (pp. 553-596) 5.Utility Rate Review and Approval 6:30-7:30PM (Includes Agenda Item Numbers 6-8) 6.Utilities Advisory Commission Recommendation That the City Council Adopt 1) a Resolution Approving the Fiscal Year 2018 Electric Financial Plan, and 2) a Resolution Increasing Electric Rates by Amending the E-1, E-2, E-2-G, E-4, E-4-G, E-4 TOU, E-7, E-7-G, E-7 TOU and E-14 Rate Schedules 7.Utilities Advisory Commission Recommendation That the City Council Adopt a Resolution Approving the Fiscal Year 2018 Gas Utility Financial Plan with no Changes to Distribution Rates 8.Follow-up Information on Water Utility Rate Comparisons 9. Wrap-Up 7:30-9:30PM Future Meetings and Agendas Adjournment AMERICANS WITH DISABILITY ACT (ADA) Persons with disabilities who require auxiliary aids or services in using City facilities, services or programs or who would like information on the City’s compliance with the Americans with Disabilities Act (ADA) of 1990, may contact (650) 329-2550 (Voice) 24 hours in advance. Finance Committee Items Tentatively Scheduled Meeting Date Line No. Item Title Referral Date 6/6/2017 1 3rd Quarter Financial Status Report 2 Recommendations on Proposed Fiscal Year 2018 Community Development Block Grant Funding Allocations and the Draft Fiscal Year 2018 Annual Action Plan (Planning) 12/5/2017 3 Presentation of FY2017 CAFR MEMO MEMO City of Palo Alto  Council & Finance Committee Budget Hearings  Fiscal Year 2018 Budget Process  Meeting Agenda  Mon, 4/17  City Council   6:00PM,   Chambers  City Manager Comments reviewing the upcoming Proposed Operating and Capital Budgets  and Finance Committee schedule for review and discussion  Tues, 5/2  Finance  Committee  6:00 PM,  Chambers  1) FY 2018 Proposed Budget Overview 6:00‐7:00 2) Council Appointed Officials and Council 7:00‐7:30  a) City Attorney, Operating Budget, pp. 127‐135     b) City Auditor, Operating Budget, pp. 137‐146  c) City Clerk, Operating Budget, pp. 147‐156   d) City Council, Operating Budget, pp. 157‐159   e) City Manager, Operating Budget, pp. 161‐173   3) Office of Sustainability, Operating Budget, pp. 305‐313 7:30‐8:00  4) Human Resources Department, Operating Budget  8:00‐9:00  a) General Fund, pp. 248‐256  b) General Liability Fund, Operating Budget, pp. 257‐261  c) Employee Benefit Funds   i) General Benefits Fund, Operating Budget, pp. 481‐484   ii) Workers Compensation Fund, Operating Budget, pp. 262‐268  d) Retiree Benefit Fund, pp. 485‐486   5) Administrative Services Overview 9:00‐9:30  a) General Fund, pp. 180‐187  b) Printing & Mail Fund, 188‐192   6) Non‐Departmental, Operating Budget, pp. 473‐476 9:30‐10:00  Thurs, 5/4   Finance  Committee  Special  Meeting   7:00 PM,  Chambers  1) May 2nd Budget Hearing Continuation 7:00‐7:30 2) Information Technology 7:30‐8:00  a) Operating Budget, pp. 269‐283  b) Capital Budget, 601‐621  3) Library, pp. 285‐294  8:00‐8:30  4) Development Services, pp.213‐228 8:30‐9:00  5) Public Works 9:00‐10:00  a) General Fund, Operating Budget, pp. 348‐359  b) Refuse Fund  i) Operating Budget, pp. 368‐378  ii) Capital Budget, pp. 482‐483  c) Storm Drain Fund  i) Operating Budget, pp. 379‐387  ii) Capital Budget, pp. 486‐493      d) Wastewater Treatment Fund i) Operating Budget, pp. 395‐402  ii) Capital Budget, pp. 526‐551  e) Airport Fund  i) Operating Budget, pp. 360‐367  ii) Capital Budget, pp. 321‐341  f) Vehicle Replacement and Maintenance Fund   i) Operating Budget, pp. 388‐394  ii) Capital Budget, pp. 625‐647  Tues, 5/9  Finance  Committee  Special  Meeting,  6:00PM,  Chambers  1) May 4th Budget Hearing Continuation                                                                        6:00‐6:30 2) Police, Operating Budget, pp. 327‐342 6:30‐7:15  3) Office of Emergency Services, Operating Budget, pp. 295‐303 7:15‐7:30  4) Fire, Operating Budget, pp. 229‐242 7:30‐8:30  5) Community Services, pp. 193‐212 8:30‐9:30  6) Planning and Community Environment, Operating Budget, pp. 315‐326 9:30‐10:30  7) Special Revenue Funds, Operating Budget, pp. 97‐114                                                          10:30‐11:00  a) Parking District, Operating Budget  b) Stanford Development Agreement Fund, Operating Budget  c) Other Special Revenue Funds, Operating Budget  Thurs, 5/18  Finance  Committee  Special  Meeting,  2pm,  Chambers  1) May 9th Budget Hearing Continuation                                                                        2:00‐2:30 2) Municipal Fee Schedule (staff report ID #___) 2:30‐3:30  3) General Fund Capital  3:30‐5:30  a) Buildings and Facilities, Capital Budget, pp. 73‐141  b) Parks and Open Space, Capital Budget, pp. 147‐225  c) Streets and Sidewalks, Capital Budget, pp. 227‐249  d) Traffic and Transportation, Capital Budget, pp. 251‐289  e) Cubberley Infrastructure, Capital Budget, pp. 295‐316  4) Utilities Department  5:30‐6:30  a) Electric Fund  i) Operating Budget, pp. 411‐425  ii) Capital Budget, pp. 343‐427   b) Fiber Optics Fund  i) Operating Budget, pp. 427‐434  ii) Capital Budget, pp. 429‐443  c) Gas Fund  i) Operating Budget, pp. 435‐447  ii) Capital Budget, pp. 445‐479  d) Wastewater Collection Fund  i) Operating Budget, pp. 449‐458  ii) Capital Budget, pp. 495‐523    e) Water Fund  i) Operating Budget, pp. 459‐472  ii) Capital Budget, 553‐596  5) Utility Rate Review and Approval 6:30‐7:30  6) HOLD:  Wrap‐up 7:30‐9:30    Tues, 5/23  Finance  Committee  Special  Meeting, 6pm  Chambers   1) Continue Budget Wrap‐up 6:00pm  Mon, 6/19   City Council,  6:00PM,  Chambers  Public Hearing ‐ Budget Adoption                                                                             6:00pm  Please note that Agenda items may be advanced or delayed based on the number of budget proposals and/or  other discussion items.      5,6,7,8 CITY OF PALO ALTO TO: HONORABLE CITY COUNCIL FROM: ED SHIKADA, ASSISTANT CITY MANAGER/ UTILITIES GENERAL MANAGER DATE: SUBJECT: MAY 18, 2017 SUPPLEMENTAL INFORMATION FOR AGENDA ITEMS 5, 6, 7, AND 8: OVERVIEW OF DERIVATIVES POLICIES FOR THE ELECTRIC, GAS, AND WATER UTILITIES This is an informational addendum to assist with discussion of the May 18, 2017 Council Agenda Item 5, Utility Rate Review and Approval, which includes the following items: • Agenda Item 6 with Staff Report 7980 titled Utilities Advisory Commission Recommendation that the City Council Adopt 1) a Resolution Approving the Fiscal Year 2018 Electric Financial Plan, and 2) a Resolution Increasing Electric Rates by Amending the E-1, E-2, E-2-G, E-4, E-4-G, E-4 TOU, E·l, E-7-G, E-7 TOU and E-14 Rate Schedules. • Agenda Item 7 with Staff Report 7979 titled Utilities Advisory Commission Recommendation that the City Council Adopt a Resolution Approving the Fiscal Year 2018 Gas Utility Financial Plan with no Changes to Distribution Rates • Agenda Item 8 with Staff Report 8057 titled Follow-up Information on Water Utility Rate Comparisons This report is intended to assist with Council deliberations on these items. No additional actions are recommended in this addendum. It summarizes information related to derivatives1 used to mitigate rate changes. Discussion In response to a suggestion by Councilmember Tanaka at the March 21st Finance Committee meeting, staff is providing an overview of assessments of the potential for using derivatives as a hedging mechanism to moderate fluctuations in cost in the purchase of energy commodities. The 1 Derivatives are agreements between two parties to a financial and/or physical transaction at a future date, or an option for one of the parties to initiate a transaction. They are typically used by businesses for hedging or risk management purposes, but can be used by Investors for speculative purposes. Prices and quantities may be fixed or may be dependent on the condition of an underlying market or other objectively measurable condition, such as rainfall. Electricity or gas is a commonly traded physical product In the electric and gas Industries. Typical products Include futures (e.g. a contract for physical delivery of gas at a fixed price at a future date, or a contract for a cash settlement at a future date based on the difference between an agreed·upon price and the market price for gas on that date) or options (e.g. an option for one party to purchase gas from the other at a future date at a fixed price in exchange for an up-front payment). 6053954 City of Palo Alto established Energy Risk Management Policies in 2001-02, reflecting a philosophy of risk limitation and control, with financial health as a high priority. These policies established formal roles among the City Council, Utilities Advisory Commission, staff-level Risk Oversight Committee and departments, and within this structure derivatives have been used only in limited ways for hedging.2 If Council is interested in pursuing additional instruments, such as financial derivatives (like weather derivatives), staff would need to examine the expertise, potential legal and regulatory implications, and internal controls needed to ensure this is pursued in a prudent and sustainable manner. Staff has taken some time to summarize the City's past investigations into the use of derivatives to manage risk. Generally, the City of Palo Alto has been reticent to use certain types of derivatives to manage risk due to the potential for high cost and the market risk inherent in such products. Instead, the City's Council-approved Energy Risk Management Policy3 requires a variety of risk management tools, including reliance on reserves to "self-insure" against risk, active management of counterparty credit risk, rates management, and staff adherence to robust internal processes and procedures. The list of allowed derivatives products is limited. The City has evaluated a number of derivative products over the years and has each time come to the conclusion that the risk mitigation achieved by those products is outweighed by the cost. When establishing the City's hedging program (prior to the California Energy Crisis in 2000-2001) the City Council and staff preference, now codified in the City's Energy Risk Management Policy, was for physical as opposed to financial transactions, as reflected in its use of the NAESB (North American Energy Standards Board) and EEi (Edison Electric Institute) standard contracts and its decision not to use the ISOA {International Swaps and Derivatives Association) contract, which is used for purely financial transactions. Numerous cases of municipalities facing significant financial impacts from using financial derivatives products (generally interest rate swaps) also factored in to the decision to prohibit use of financial instruments and ISOAs in the City's Energy Risk Management Policy. Only products involving physical delivery of energy, capacity, or renewable energy/carbon-related products are allowed in the City's Energy Risk Management Policy. The most commonly used products at the City have been fixed price forward gas and electricity purchases and sales to hedge against market price changes and allow for short term stability in rates. These are still used by the electric utility, though the utility has only limited market exposure since entering into more long- term contracts for renewable energy. From 2001 to 2011 the gas utility used fixed price forward contracts and capped price contracts to hedge against market movements for the City's residential and small commercial customers. Large commercial customers had a choice of fixed forward rates or market-based rates, and with few exceptions eventually moved to market-based rates. The choice to end this program occurred in 2011, and more detail on that decision can be found in Staff Report 1992, September 20, 2011. 2 The use of derivatives used for speculation is prohibited by Section D( I) of the City's Energy Risk Management Policy. 3 http:lfwww.cityofpaloalto.org/civicax/lilebank/documents/44069 2 of3 The products permitted by the Energy Risk Management Policy that are most similar to the derivatives products Councilmember Tanaka referenced are physical call options, capped-price products, and collars (a combination of purchasing a call option for high prices and selling a put option for low prices, with the premiums for both products offsetting each other). These products generally protect against market movements rather than weather risk. Evaluation of these products has generally shown low benefit for the cost involved, when compared to using reserves to manage short term market shifts. Weather derivatives are not currently a permitted product in the City's Energy Risk Management Policy. However, Staff has evaluated these products in the past to manage risk to the electric utility of hydroelectric variability, with the most in-depth evaluation in 2005. In general the premiums have been very high, relative to the frequency and magnitude of the potential payout, so the City has continued its approved strategy of using reserves to manage hydroelectric risk. Staff is reviewing these strategies and plans to return to the UAC and Finance Committee this fall. Staff will include an assessment of the current state of the market for weather derivatives as part of this review. Councilmember Tanaka also asked about the use of weather derivatives for revenue protection due to load losses during a drought. The consumption changes resulting from droughts are generally long-term, meaning they do not lend themselves to the use of derivatives, and require long-term rate changes. In past droughts, consumption has generally not recovered to pre-drought levels. Water utilities generally rely on reservoirs to avoid having to require demand reductions during droughts. For example, the Sf PUC manages its water supply to require no more than a 20% reduction in water demand over an eight year serious drought, which was why Palo Alto did not need to reduce demand as early as some other California cities. Because water utilities use reservoirs, insurance or derivatives products to protect municipal utilities against revenue loss are not widely available. This means that buying these products will require working with a seller on a custom product, which increases risk. When demand reductions are required, staff tries to cushion the initial impact to the utility's financial position using reserves, but rate increases are eventually needed because sales tend not return to pre-drought levels. Staff has not investigated using generic weather derivative products as an alternative to drought rates. However, a one-time payout from a weather derivative would not eliminate the need to raise rates to account for the long term sales losses resulting from long term customer consumption changes due to a drought. ~ &dcld1u pi: Ed Shikada General Manager I Assistant City Manager Utilities Department 3 of3 City of Palo Alto (ID # 7980) Finance Committee Staff Report Report Type: Action Items Meeting Date: 5/18/2017 City of Palo Alto Page 1 Summary Title: FY 2018 Electric Utility Financial Plan and Rate Proposals Title: Utilities Advisory Commission Recommendation that the City Council Adopt 1) a Resolution Approving the Fiscal Year 2018 Electric Financial Plan, and 2) a Resolution Increasing Electric Rates by Amending the E-1, E-2, E-2-G, E-4, E-4-G, E-4 TOU, E-7, E-7-G, E-7 TOU and E-14 Rate Schedules From: City Manager Lead Department: Utilities Recommendation Staff and the Utilities Advisory Commission request that the Finance Committee recommend that Council: 1. Adopt a resolution (Attachment A) approving the fiscal year (FY) 2018 Electric Financial Plan (Attachment B); and 2. Adopt a resolution (Attachment C) amending Rate Schedules E-1 (Residential Electric Service), E-2 (Small Non-Residential Electric Service), E-2-G (Small Non-Residential Green Power Electric Service), E-4 (Medium Non-Residential Electric Service), E-4-G (Medium Non-Residential Green Power Electric Service), E-4 TOU (Medium Non- Residential Time of Use Electric Service), E-7 (Large Non-Residential Electric Service), E- 7-G (Large Non-Residential Green Power Electric Service), E-7 TOU (Large Non- Residential Time of Use Electric Service), and E-14 (Street Lights). Executive Summary The FY 2018 Electric Utility Financial Plan includes projections of the utility’s costs and revenues through FY 2027. Ongoing costs rose significantly from FY 2016 to FY 2017 and are projected to remain at or slightly above their FY 2017 levels in the future. Staff is increasing rates over three years to match revenues to costs, with the first increase taking place July 1, 2016.There are several reasons for these cost increases. First, costs for electric supply purchases are increasing as a result of new renewable energy projects coming online, which is responsible for 27% of the cost increase. Increases in transmission access charges are also projected, another 7% of the cost increase. Substantial additional capital investment in the electric distribution system is planned for FY 2018 through FY 2023 (, and operations and maintenance costs are increasing. City of Palo Alto Page 2 Lastly, sales volumes decreased 5% to 7% in 2016, which has a significant short term impact on revenue.1 Because of these rising costs and reduced sales, an increase in rates is required to cover expenses. A 10% to 14% rate increase (depending on customer class and usage) is proposed effective July 1, 2017 (a nearly 14% overall increase in revenue), and a 7% increase is projected effective July 1, 2018. However, even with these increases, residential electric rates remain 35% to 45% below PG&E rates and comparable to or lower than Santa Clara and Roseville, other publicly-owned utilities that maintain very low bills for customers. The Electric Utility transfer to the General Fund is estimated at $13.2 million in FY 2018 and using the Council-adopted methodology rises to $14.2 million in FY 2027. While staff would normally attempt to spread these rate increases across more than two years to reduce the single-year ratepayer impact, the electric utility reserves have reached minimum acceptable levels over the last few years. Due to higher power supply purchase costs as a result of the drought, operational and other reserves have decreased substantially in the past couple years, making it infeasible to spread rate increases over multiple years. However, staff proposes various reserves transfers for FY 2017 and FY 2018 that would limit the rate impact for most customers as much as is possible, while maintaining the fiscal health of the utility. While 14% is the overall increase in sales revenues, actual rate increases for each customer class will differ. Actual rate increases are calculated using the cost of service analysis (COSA) model created for the City by EES Consulting and first implemented on July 1, 2016. The Utilities Advisory Commission (UAC) reviewed the Electric Utility Financial Plan and Rate Proposals at its meeting on April 5, 2017 meeting, and approved them unanimously. Background Every year staff presents the Financial Plans for its Electric, Gas, Water, and Wastewater Collection Utilities and recommends any rate adjustments required to maintain their financial health. These Financial Plans include a comprehensive overview of the utility’s operations, both retrospective and prospective, and are intended to be a reference for UAC and Council members as they review the budget and staff’s rate recommendations. Each Financial Plan also contains a set of Reserves Management Practices describing the reserves for each utility and the management practices for those reserves. The Finance Committee reviewed preliminary financial forecasts at its March 21, 2017 meeting. Staff has not made any changes to the preliminary projections presented at that meeting. Discussion 1 Over the long term, decreased consumption allows staff to incorporate new loads, such as electric vehicles, without as much impact on existing supply and distribution assets. Over the long term this reduces bills for all consumers, but in the short term rates can increase. City of Palo Alto Page 3 Summary of Proposed Actions The two resolutions recommended for Council adoption will accomplish the following: 1. Increase overall electric rates by 14% effective July 1, 2017; 2. Approve various reserves transfers for FY 2017; 3. Approve the FY 2018 Electric Financial Plan. Proposed and Projected Sales Revenue Requirement, FY 2018 through FY 2022 Table 1 shows the sales revenue increases needed to recover costs of operation over the forecast period in the FY 2018 Electric Financial Plan. Table 1: Projected Electric Rate Adjustments, FY 2017 to FY 2023 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 14% 7% 0% 0% 1% 2% These sales revenue increases are for the utility as a whole, but the rate changes will differ for individual customer classes. Proposed rate increases for each customer class are discussed below. Changes from Prior Financial Forecasts This projection has changed since the FY 2017 Electric Utility Financial Plan presented last year. Table 2 compares current rate projections to those projected in the last two year’s Financial Plans. As shown, the FY 2018 revenue projections are higher than projected the last two years. Table 2: Projected Electric Rate Trajectory for FY 2018 to FY 2027 Projection FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Current (FY 2018 Financial Plan) 14% 7% 0% 0% 1% 2% 1% Last year (FY 2017 Financial Plan) 10% 2% 0% 1% 0% 0% 0% Two years ago (FY 2016 Financial Plan) 6% 1% 1% 0% 0% 2% 2% The rate increases are related to several factors: increasing transmission access charges and the cost of renewable projects coming online, substantial additional capital investment in the electric distribution system is planned through FY 2023, and operations cost increases. Transmission Access (TAC) charges are levied by the California Independent System Operator (CAISO) for use of the statewide transmission grid, under rates approved by the Federal Energy Regulatory Commission (FERC). These charges pay for the costs PG&E and other transmission owners incur in operating transmission lines. Annually, staff and partner agencies monitor PG&E’s rate change requests to FERC. This can be a contentious process, and rate increases are on ongoing issue of concern. City of Palo Alto Page 4 Even when large rate increases are needed, staff typically attempts to keep increases below 10% per year and increase rates over multiple years. However, due to the impact of the recent drought on hydroelectric energy generation output, the associated increased energy portfolio costs, and decreases in customer sales, reserves are lower than forecasted, and cannot be used for rate stabilization. However, precipitation in early 2017 is likely to lead to higher hydroelectric output, which may improve reserves and the future financial outlook. The Electric Utility transfer to the General Fund is calculated at $12.8 million in FY 2018 using the 2009 Council-adopted calculation methodology. This Financial Plan contains some measures to mitigate the impact on ratepayers. The July 1, 2017 rate increases would have to be substantially higher without proposed transfers from the Supply Rate Stabilization Reserve, Hydro Rate Stabilization, and Electric Special Projects Reserve (see below). In addition, this Financial Plan allows the Supply Operations Reserves to be up to $3.9 million below the minimum Supply Operations Reserve level for FY 2017 through FY 2020. To keep the Supply and Distribution Operations Reserves above the minimum guideline without transfers, rate increases over 20% would be required in FY 2018. Staff recommends allowing Supply Operations Reserves to temporarily go below minimums for two reasons: first, heavy rains and an above average snowpack indicate both an end to the drought and higher hydro production, which may result in higher reserves, and second, the presence of the $41 million Electric Special Projects Reserve means that a relatively small temporary shortfall in the Operations Reserves should not affect the Electric Utility’s bond ratings. In the event the drought resurfaces, staff will re-evaluate its projections for FY 2018 and may recommend additional rate increases or the adoption of a hydroelectric rate adjuster. Note that the Financial Plan’s Reserves Management Practices allow the Operations Reserve to fall below the minimum guideline level as long as the plan provides for replenishing the reserve over time. Staff also recognizes the importance of managing operating costs and maximizing efficiency in order to minimize rate increases. Staff will continue to regularly review opportunities for cost savings and efficiency improvements, and implement recommendations where practicable. Rate Changes by Customer Class Table 3 shows the rates that will be used to recover sale revenues for each customer class. The Street Lighting (E-14) class and the E-4 and E-7 Time of Use (TOU) rates are not shown in the table, but can be seen in the attached rate schedules (Attachment D). These schedules are omitted for various reasons: the E-14 rate schedule is not easy to summarize, the E-7 TOU rate is not easy to summarize and is only used by one customer, and the E-4 TOU rate schedule is both difficult to summarize and not utilized by any customers at this time. Table 3: Electric Rates (Current and Proposed) Current Rates Proposed Rates (7/1/17) Change $ % City of Palo Alto Page 5 E-1 (Residential) Tier 1 Energy ($/kWh) 0.11029 0.12159 0.01130 10% Tier 2 Energy ($/kWh) 0.16901 0.19001 0.02100 12% Minimum Bill ($/day) 0.3067 0.2938 (0.0129) -4% E-2 & E-2-G (Small Non-Residential) Summer Energy ($/kWh) 0.16845 0.18885 0.02040 12% Winter Energy ($/kWh) 0.11445 0.13267 0.01822 16% Minimum Bill ($/day) 0.7657 0.7328 (0.0329) -4% E-4 & E-4-G (Medium Non-Residential) Summer Energy ($/kWh) 0.10229 0.11673 0.01444 14% Winter Energy ($/kWh) 0.08049 0.08890 0.00841 10% Summer Demand ($/kW) 19.68 21.05 1.37 7% Winter Demand ($/kW) 14.04 15.36 1.32 9% Minimum Bill ($/day) 16.3216 14.8414 (1.4802) -9% E-7 & E-7-G (Large Non-Residential) Summer Energy ($/kWh) 0.08749 0.09802 0.01053 12% Winter Energy ($/kWh) 0.06242 0.07188 0.00946 15% Summer Demand ($/kW) 18.34 23.84 5.50 30% Winter Demand ($/kW) 15.65 15.59 (0.06) 0% Minimum Bill ($/day) 48.5054 42.3648 (6.1406) -13% Table 4 shows the impact of the proposed July 1, 2017 rate changes on the residential and non- residential bills for various consumption levels. The overall rate change for the residential class is roughly 12%. Table 4: Impact of Proposed Electric Rate Changes on Customer Bills Rate Schedule Usage (kwh/mo) Bill under Current Rates ($/mo) Bill Under Rates Proposed 7/1/17 ($/mo) Change $/mo % E-1 300 33.09 36.48 3.39 10% (Summer Median) 330 36.40 40.13 3.73 10% (Winter Median) 453 57.18 63.50 6.31 11% 650 90.48 100.93 10.45 12% 1200 183.43 205.44 22.00 12% E-2 1,000 141 161 19 14% E-4 160,000 21,366 23,734 2,368 11% E-7 500,000 54,473 62,186 7,713 14% E-7 2,000,000 200,895 229,031 28,136 14% City of Palo Alto Page 6 Cost of Service Analysis and Rate Study The rates discussed in the previous section are based on the cost of service methodology established in “City of Palo Alto Electric Cost of Service and Rate Study”2 drafted by EES Consulting, Inc. in 2015/16. Staff provided EES with updated sales and budget projections, including projected transmission and distribution costs, power supply costs and billing data, in order for EES to update individual cost of service model components and determine the proposed rates. Additional details are provided in the attached memo (Attachment C). Reserves Transfers, FY 2017 and FY 2018 The FY 2018 Electric Utility Financial Plan includes several proposed reserves transfers, shown in Table 5. These reserves transfers have a variety of purposes, but overall they enable the revenue trajectory projected in the Electric Utility Financial Plan. Without these transfers, additional rate increases would be required. Table 5: FY 2017 and FY 2018 Reserves Transfers Fiscal Year Transfer Amount Transfer From Transfer To Purpose FY 2017 Up to $10 million Special Projects Reserve Distribution Operations Reserve Ensures Distribution Operations Reserve is above minimum guidelines at the end of FY 2017. Up to $9 million Hydroelectric Stabilization Reserve Supply Operations Reserve Funds additional market energy purchases that may be needed if hydroelectric output associated with spring 2017 precipitation is insufficient to offset below- average summer and fall 2016 output. Up to $4.5 million Supply Rate Stabilization Reserve Distribution Operations Reserve Ensures Distribution Operations Reserve is above minimum guidelines at the end of FY 2017. Up to $911 thousand Supply Rate Stabilization Reserve Supply Operations Reserve Ensures Supply Operations Reserve is above Risk Assessment level. FY 2018 Up to $3.1 million Supply Rate Stabilization Reserve Supply Operations Reserve To bring Supply Operations Reserve to or above minimum guidelines at the end of FY 2018. Up to $2.4 million Hydroelectric Stabilization Reserve Supply Operations Reserve To bring Supply Operations Reserve to or above minimum guidelines at the end of FY 2018. $500 thousand Supply Rate Stabilization Reserve Distribution Operations Reserve To bring Distribution Operations Reserve to or above minimum guidelines at the end of FY 2018. 2 Staff Report 6857 http://www.cityofpaloalto.org/civicax/filebank/documents/52274 City of Palo Alto Page 7 Electric Bill Comparison with Surrounding Cities Table 6 compares electric bills under current rates as of March 1, 2017 for residential customers to those in surrounding communities. Under current rates, CPAU’s customer bills are far below PG&E’s and are lower than others for non-residential customers, but slightly higher than Santa Clara’s for higher using residential customers. Table 6: Average Electric Bill Comparison ($/month) As of March 1, 2017 Customers Usage (KWh/mo) Palo Alto (Current) Palo Alto (Proposed) PG&E Santa Clara Roseville Residential Customers 300 33.09 36.48 57.04 35.18 55.67 330 (Summer Median) 36.40 40.13 63.85 38.83 58.64 453 (Winter Median) 57.18 63.50 97.81 53.78 70.80 650 90.48 100.93 154.12 77.73 97.85 1200 183.43 205.44 374.41 144.59 179.96 Non- Residential Customers 1,000 142 161 240 181 146 160,000 21,366 23,734 29,108 20,562 21,009 500,000 54,473 62,186 87,015 62,956 55,955 2,000,000 200,895 229,031 333,041 243,390 214,705 Commission Review and Recommendation The UAC reviewed this proposal at its April 5, 2017 meeting. Staff noted that the increase proposal had changed from 12 to 14 percent overall, but that residential rates were projected to increase by 12 percent. Commissioner Schwartz noted that, with the recent billing error regarding gas, that staff may want to do more outreach to customers, especially those with larger current bills. The goal would be to have those residents understand that the increase was not another error. Staff agreed with the assessment. After the presentation, the UAC voted unanimously (5-0. Commissioners Forssell and Trumbull absent) to approve the proposed rate increase and financial plan. The draft excerpted minutes from the UAC’s April 5, 2017 meeting are provided as Attachment F. Timeline If the Finance Committee recommends approval of the FY 2018 Electric Financial Plan, Council will consider the recommendations with the FY 2018 budget. City of Palo Alto Page 8 Resource Impact The proposed July 1, 2018 rate changes are projected to increase sales revenues by $16.1 million per year over the forecast period. Policy Implications The proposed electric rate adjustments were developed using a cost of service study and methodology, and are consistent with the Council-adopted Reserves Management Practices that are part of the Financial Plan. Environmental Review The Finance Committee’s review and recommendation to Council on the FY 2018 Electric Financial Plans and rate adjustments does not meet the California Environmental Quality Act’s definition of a project, pursuant to Public Resources Code Section 21065, thus no environmental review is required. Attachments:  Attachment A: Resolution of the Council of the City of Palo Alto Approving the FY 2018 Electric Utility Financial Plan  Attachment B: Proposed FY 2018 Electric Utility Financial Plan  Attachment C: EES 2017 COSA Model and Rate Design Update Memo  Attachment D: Resolution of the Council of the City of Palo Alto Adopting an Electric Rate Increase and Amending Rate Schedules E-1, E-2, E-2-G, E-4, E-4-G, E-4 TOU, E-7, E- 7-G, E-7 TOU, and E-14  Attachment E: Proposed Amendments to Rate Schedules E-1, E-2, E-2-G, E-4, E-4-G, E-4 TOU, E-7, E-7-G, E-7 TOU, and E-14  Attachment F: Excerpted UAC Minutes of April 5, 2017 Attachment A Not Yet Approved 170329 jb 6053933 Resolution No. _____ Resolution of the Council of the City of Palo Alto Approving the FY 2018 Electric Utility Financial Plan R E C I T A L S A. Each year the City of Palo Alto (“City”) regularly assesses the financial position of its utilities with the goal of ensuring adequate revenue to fund operations. This includes making long-term projections of market conditions, the physical condition of the system, and other factors that could affect utility costs, and setting rates adequate to recover these costs. It does this with the goal of providing safe, reliable, and sustainable utility services at competitive rates. The City adopts Financial Plans to summarize these projections. B. The City uses reserves to protect against contingencies and to manage other aspects of its operations, and regularly assesses the adequacy of these reserves and the management practices governing their operation. The status of utility reserves and their management practices are included in Reserves Management Practices attached to and made part of the Financial Plans. The Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION 1. The Council hereby approves the FY 2018 Electric Utility Financial Plan. SECTION 2. The Council hereby approves the transfer of up to $911 thousand from the Supply Rate Stabilization Reserve to the Supply Operations Reserve in FY 2017, up to $9.0 million from the Hydroelectric Stabilization Reserve to the Supply Operations Reserve in FY 2017, and up to $4.5 million from the Supply Operations Reserve to the Distribution Operations Reserve in FY 2017, as described in the FY 2018 Electric Utility Financial Plan approved via this resolution. / / / / / / / / / / / / Attachment A Not Yet Approved 170329 jb 6053933 SECTION 3. The Council finds that the adoption of this resolution does not meet the California Environmental Quality Act’s (CEQA) definition of a project under Public Resources Code Section 21065, and therefore, no environmental assessment is required. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: ___________________________ ___________________________ City Clerk Mayor APPROVED AS TO FORM: APPROVED: ___________________________ ___________________________ Senior Deputy City Attorney City Manager ___________________________ Director of Utilities ___________________________ Director of Administrative Services FY 2018 ELECTRIC UTILITY FINANCIAL PLAN FY 2018 TO FY 2027 ATTACHMENT B 2 | Page FY 2017 ELECTRIC UTILITY FINANCIAL PLAN FY 2018 TO FY 2027 TABLE OF CONTENTS Section 1: Definitions and Abbreviations................................................................................ 4 Section 2: Executive Summary and Recommendations ........................................................... 5 Section 2A: Overview of Financial Position .................................................................................. 5 Section 2B: Summary of Proposed Actions .................................................................................. 6 Section 3: Detail of FY 2018 Rate and Reserves Proposals ....................................................... 7 Section 3A: Rate Design ............................................................................................................... 7 Section 3B: Current and Proposed Rates ..................................................................................... 7 Section 3C: Reserves Management Practices .............................................................................. 8 Section 3D: Proposed Reserve Transfers ..................................................................................... 8 Section 4: Utility Overview .................................................................................................. 10 Section 4A: Electric Utility History ............................................................................................. 11 Section 4B: Customer Base ........................................................................................................ 13 Section 4C: Distribution System ................................................................................................. 13 Section 4D: Cost Structure and Revenue Sources ...................................................................... 14 Section 4E: Reserves Structure ................................................................................................... 15 Section 4F: Competitiveness ...................................................................................................... 16 Section 5: Utility Financial Projections ................................................................................. 17 Section 5A: Load Forecast .......................................................................................................... 17 Section 5B: FY 2012 to FY 2016 Cost and Revenue Trends ........................................................ 19 Section 5C: FY 2016 Results ....................................................................................................... 20 Section 5D: FY 2017 Projections ................................................................................................ 20 Section 5E: FY 2018 – FY 2027 Projections ................................................................................ 21 3 | Page Section 5F: Risk Assessment and Reserves Adequacy ............................................................... 23 Section 5G: Long-Term Outlook ................................................................................................. 27 Section 6: Details and Assumptions ..................................................................................... 30 Section 6A: Electricity Purchases ............................................................................................... 30 Section 6B: Operations .............................................................................................................. 32 Section 6C: Capital Improvement Program (CIP) ....................................................................... 33 Section 6D: Debt Service ............................................................................................................ 33 Section 6E: Equity Transfer ........................................................................................................ 34 Section 6F: Wholesale Revenues and Other Revenues .............................................................. 34 Section 6G: Sales Revenues ....................................................................................................... 35 Section 7: Communications Plan .......................................................................................... 36 Appendices ......................................................................................................................... 38 Appendix A: Electric Utility Financial Forecast Detail ................................................................ 39 Appendix B: Electric Utility Reserves Management Practices ................................................... 43 Appendix C: Description of Electric utility Operational Activities .............................................. 48 Appendix D: Samples of Recent Electric Utility Outreach Communications .............................. 49 4 | Page SECTION 1: DEFINITIONS AND ABBREVIATIONS CAISO California Independent System Operator CARB California Air Resources Board CIP Capital Improvement Program CPAU City of Palo Alto Utilities Department CPUC California Public Utilities Commission CVP Central Valley Project GWh a gigawatt-hour, equal to 1,000 MWh or 1,000,000 kWh. Commonly used for discussing total monthly or annual electric load for the entire city, or the monthly or annual output of an electric generator. kWh a kilowatt-hour, the standard unit of measurement for electricity sales to customers. kW a kilowatt, a unit of measurement used in reference a customer’s peak demand (the highest 15 minute average consumption level in a month), which is used for billing large and mid-size commercial customers. kV a kilovolt, one thousand volts, a unit of measurement of the voltage at which a section of the distribution system operates. The transmission system operates at 115-500 kV, and this is lowered to 60 kV in the subtransmission section of the Electric Utility’s distribution section, then 12 kV or 4 kV in the rest of the distribution system, and finally 120, 240, or 480 volts at the electric outlet. MWh a megawatt-hour, equal to 1,000 kWh. Commonly used for measuring wholesale electricity purchases. MW a megawatt, equal to 1,000 kW. Commonly used when discussing maximum electricity demand for all customers in aggregate. PG&E Pacific Gas and Electric REC Renewable Energy Certificate RPS Renewable Portfolio Standard Sub-transmission System: The section of the Electric Utility’s distribution system that operates at 60 kV and which interfaces with PG&E’s transmission system. Transmission System: Sections of the electric grid that operate at high voltages, generally 115 kV or more. The voltage at the intersection of the Electric Utility’s distribution system and PG&E’s transmission system is 115 kV. The Electric Utility does not own or operate any transmission lines. UCC Utility Control Center SCADA Supervisory Control and Data Acquisition system, the system of sensors, communications, and monitoring stations that enables system operators to monitor and operate the system remotely. WAPA, or Western: Western Area Power Administration, the agency that markets power from CVP hydroelectric generators and other hydropower owned by the Bureau of Reclamation. 5 | Page SECTION 2: EXECUTIVE SUMMARY AND RECOMMENDATIONS This document presents a Financial Plan for the City’s Electric Utility for the next ten fiscal years. This Financial Plan describes how revenues will cover the costs of operating the utility safely over that time while adequately investing for the future. It also addresses the financial risks facing the utility over the short term and long term, and includes measures to mitigate and manage those risks. SECTION 2A: OVERVIEW OF FINANCIAL POSITION The Electric Utility’s costs will increase substantially over the next few years, as shown in Table 1. Most of the increases are related to electric supply costs, which are increasing due to increased transmission costs and the cost of new renewable energy projects coming online. There are also inflationary increases in Operations costs, and some additional capital investment costs. Table 1: Electric Utility Expenses for FY 2016 to FY 2027 Expenses ($000) FY 2016 (act.) FY 2017 (est.) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 Power Supply Purchases 79,115 84,371 87,987 89,066 90,841 90,728 92,221 91,758 92,925 93,904 95,224 96,465 Operations 35,443 54,152 56,307 56,795 58,409 59,238 60,089 61,931 62,507 59,519 60,550 61,610 Capital Projects 21,128 21,490 15,574 15,869 25,150 19,048 17,449 18,354 18,878 19,417 19,972 20,543 TOTAL 135,685 160,013 159,868 161,730 174,400 169,014 169,759 172,042 174,309 172,840 175,746 178,617 To cover these increases in costs, revenues (and therefore rates) need to increase over the next several years to balance costs and revenues, as shown in Table 2. The table also compares current rate projections to those projected in last year’s Financial Plan. The rate projections are higher this year than last year primarily due lower actual and projected sales and increases to transmission cost projections. In addition, the continued drought has had a greater impact than expected on hydroelectric supplies. This has affected reserves, making it difficult to phase in rate increases over multiple years. Table 2: Projected Electric Rates, FY 2017 to FY 2023 Projection FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 Current 14% 7% 0% 0% 1% 2% 1% 1% 1% 1% Last Year 10% 3% 0% 1% 0% 2% N/A N/A N/A N/A Table 3 shows the projected reserve transfers over the forecast period. The Supply Rate Stabilization Reserve is projected to be drawn down entirely by the end of FY 2018. Funds are projected to be transferred from the Electric Special Projects (ESP) Reserve to the Operations Reserve to fund smart grid projects included in the long term CIP budget, but it should be noted that the smart grid costs included in the forecast are placeholders, as are the transfers from the ESP Reserve. Any transfers from the ESP Reserve require Council approval. 6 | Page Staff will request a temporary loan from the ESP reserve of $10 million for the Distribution Operations reserve, as it is otherwise projected to be critically low. As the intent of the ESP reserve is to fund projects, not to stabilize rates, this will be a temporary transfer, to be reversed once distribution rates have increased and stabilized (FY 2020 and 2021) and funds can be returned to the ESP reserve. Staff is also requesting authority to withdraw funds from the Hydro Stabilization Reserve in FY 2017 and FY 2018 due to lower than average hydroelectric generation, though this projection is subject to change with weather conditions. Based on precipitation to-date, this projection is likely to change, and staff will not perform these transfers if they become unnecessary. Table 3: Reserves Transfers for FY 2017 to FY 2027 ($000) Reserve FY 2017 FY 2018 FY 2019 to FY 2027 Supply Reserves Electric Special Projects (10,173) 3,000 Hydro Stabilization* (9,000) (2,400) - Supply Rate Stabilization (5,411) (3,600) - Supply Operations 10,084 5,500 7,000 Distribution Reserves Capital Improvement Program Distribution Operations 14,500 500 (10,000) * A $9 million transfer from the Supply Rate Stabilization Reserve to the Supply Operations Reserve was approved by Council when it adopted the FY 2016 Electric Utility Financial Plan SECTION 2B: SUMMARY OF PROPOSED ACTIONS Staff proposes the following actions for the Electric Utility in FY 2017: 1. Complete the proposed FY 2017 reserves transfers described Section 3D: Proposed Reserve Transfers, as previously requested as part of the FY 2017 Electric Financial Plan 2. Request a new transfer of $10 million from the ESP reserve to the Distribution Operations Reserve, to be repaid within five years. Staff proposes the following actions for the Electric Utility in FY 2018: 1. Request the proposed FY 2018 reserves transfers described in Section 3D: Proposed Reserve Transfers. 2. Increase rates effective July 1, 2017 for a 14% increase in system average rates, and thereby increase sales revenues by 10% based upon current sales projections. Note that while the projected rate increases and reserves transfers in this FY 2018 Financial Plan are adequate to recover costs over the forecast period, the Supply Operations Reserves are projected to be at or below the minimum Supply Operations Reserve level for FY 2017 through FY 2019, and lower sales have dropped Distribution Operations reserves to very low levels requiring new transfer requests. While more aggressive increases could be requested, staff still recommends proceeding with this plan for two reasons: first, recent rains and 7 | Page favorable snowpack levels may result in favorable hydroelectric production, resulting in higher reserves, and second, the presence of the Electric Special Projects Reserve with a balance of $41 million means that a small temporary shortfall in the Operations Reserves should not affect the Electric Utility’s financial health and bond ratings. In the event drought resurfaces or hydro fails to materialize, staff will re-evaluate its projections at midyear of FY 2018 and may recommend additional rate increases or the adoption of a hydroelectric rate adjuster. SECTION 3: DETAIL OF FY 2018 RATE AND RESERVES PROPOSALS SECTION 3A: RATE DESIGN The rates discussed in the previous section are based on the cost of service methodology established in “City of Palo Alto Electric Cost of Service and Rate Study”1 drafted by EES Consulting, Inc. in 2015/16. Staff provided EES with updated sales and budget projections, including projected transmission and distribution costs, power supply costs and billing data, in order for EES to update individual cost of service model components and determine the proposed rates. The COSA is based on design guidelines adopted by Council on September 15, 2015 (Staff Report 6061). SECTION 3B: CURRENT AND PROPOSED RATES The current rates were adopted on July 1, 2016, when CPAU increased electric rates by 11%. Table 4, below, summarizes the current and proposed rates for the four largest customer classes. The Electric Utility also has specialty rates for smaller groups of customers. These include variations on its primary rates, such as time of use rates, the PaloAltoGreen rates, and solar net metering. Staff proposes a 14% overall increase in revenue, requiring 14% increase in system average rates. Different customer classes may see different percentage changes to their rates, based upon their usage of the system and cost to serve each group. 1 Staff Report 6857 http://www.cityofpaloalto.org/civicax/filebank/documents/52274 8 | Page Table 4: Current and Proposed Electric Rates Current Rates Proposed Rates (7/1/17) Change $ % E-1 (Residential) Tier 1 Energy ($/kWh) 0.11029 0.12159 0.01130 10% Tier 2 Energy ($/kWh) 0.16901 0.19001 0.02100 12% Minimum Bill ($/day) 0.3067 0.2938 (0.0129) -4% E-2 & E-2-G(Small Non-Residential) Summer Energy ($/kWh) 0.16845 0.18885 0.02040 12% Winter Energy ($/kWh) 0.11445 0.13267 0.01822 16% Minimum Bill ($/day) 0.7657 0.7328 (0.0329) -4% E-4 & E-4-G (Medium Non-Residential) Summer Energy ($/kWh) 0.10229 0.11673 0.01444 14% Winter Energy ($/kWh) 0.08049 0.08890 0.00841 10% Summer Demand ($/kW) 19.68 21.05 1.37 7% Winter Demand ($/kW) 14.04 15.36 1.32 9% Minimum Bill ($/day) 16.3216 14.8414 (1.4802) -9% E-7 & E-7-G (Large Non-Residential) Summer Energy ($/kWh) 0.08749 0.09802 0.01053 12% Winter Energy ($/kWh) 0.06242 0.07188 0.00946 15% Summer Demand ($/kW) 18.34 23.84 5.50 30% Winter Demand ($/kW) 15.65 15.59 (0.06) 0% Minimum Bill ($/day) 48.5054 42.3648 (6.1406) -13% These proposed rates were prepared in conformance with the “FY 2017 City of Palo Alto Electric Cost of Service and Rate Study,” performed by EES Consulting (2016). SECTION 3C: RESERVES MANAGEMENT PRACTICES No changes to the Electric Utility Reserves Management Practices (See Appendix B: Electric Utility Reserves Management Practices) are proposed at this time. SECTION 3D: PROPOSED RESERVE TRANSFERS In the FY 2017 Electric Financial Plan, Council approved several proposed transfers for FY 2017: •Transfer up to $1 million from the Supply Rate Stabilization Reserve to the Supply Operations Reserve. This transfer is to enable the City to spread necessary long term rate increases over multiple years to reduce the short-term impact on ratepayers. Current estimates are that the amount will be closer to $911,000. •Transfer up to $9.0 million from the Hydroelectric Stabilization Reserve to offset potential costs associated with low hydroelectric generation. Some or all of this transfer 9 | Page may be unnecessary if weather conditions change, but current estimates still indicate the full amount will be needed, since excess generation in the spring of 2017 may not fully offset below-average generation in the summer and fall of 2016. •Transfer up to $4.5 million from the Supply Operations Reserve to the Distribution Operations Reserve to ensure reserve adequacy in the Distribution Operations Reserve. Staff will also request the following for FY 2017: •Transfer up to $10 million from the ESP Reserve to the Distribution Operations Reserve. This transfer will be construed as a temporary transfer, to be repaid to the ESP Reserve within five years. Proposed transfers for FY 2018 will not be requested by resolution at this time, but will be requested as part of the FY 2019 Financial Plan, or at FY 2017 year-end should ending reserve balances require it. The impact of these transfers on reserves levels can be seen in Figure 8 (for Supply Fund Reserves) and Figure 9 (for Distribution Fund Reserves) in Section 5E: FY 2018 – FY 2027 Projections. Table 5 shows the projected balance of each of the Electric Utility reserves for the period covered by this Financial Plan. The projected balances are also provided in. Appendix A: Electric Utility Financial Forecast Detail Table 5: End of Fiscal Year Electric Utility Reserve Balances for FY 2016 to FY 2027 Ending Reserve Balance ($000) FY 2016 (Act.) FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 Reappropriations - - - - - - - - - - - - Commitments 3,777 3,777 3,777 3,777 3,777 3,777 3,777 3,777 3,777 3,777 3,777 3,777 Underground Loan 729 729 729 729 729 729 729 729 729 729 729 729 Public Benefits 1,839 1,331 739 280 95 - - - - - - - Special Projects 51,838 41,665 41,526 41,192 42,859 46,192 44,665 44,665 44,665 44,665 44,665 44,665 Hydro Stabilization 11,400 2,400 - - - - - - - - - - Capital - - - - - - - - - - - - Rate Stabilization 9,011 3,600 - - - - - - - - - - Operations 21,850 21,570 28,477 31,328 31,984 32,727 36,734 36,600 36,226 38,957 40,471 41,658 Unassigned - - - 916 - - - - - - - - TOTAL 100,444 75,072 75,248 78,222 79,444 83,425 85,906 85,771 85,397 88,128 89,642 90,830 10 | Page SECTION 4: UTILITY OVERVIEW This section provides an overview of the utility and its operations. It is intended as general background information to help readers better understand the forecasts in Section 5: Utility Financial Projections and 11 | Page Section 6: Details and Assumptions. SECTION 4A: ELECTRIC UTILITY HISTORY On January 16, 1900, Palo Alto began operating its own electric system. One of the earliest sources of Palo Alto's electricity was a steam engine, which was later replaced by a diesel engine in 1914 due to rising fuel oil costs. As the population and the demand for electricity continued to grow, CPAU connected to PG&E’s system in the early 1920s. Power from PG&E proved more economical than the diesel engines, and by the late 1920s CPAU was using its own diesel engines only during peak demand periods. At that time CPAU owned 45 miles of distribution lines and the City used 9.7 GWh annually, less than 1% of today’s annual consumption. The diesel engines remained in operation until 1948, when they were retired. From 1950 to 1970 electric consumption in Palo Alto grew dramatically, just as it did throughout the rest of the country. In 1970 total annual sales were 602 GWh, twenty times the sales in 1950 (30 GWh). Some of that growth was related to a development boom in Palo Alto, which doubled the number of customers. Some was related to the proliferation of electric appliances, as evidenced by the fact that residential customers were using three times more electricity in 1970 than they had been in 1950. But the most notable factor was the growth of industry in Palo Alto during that time. By 1970, commercial customers were using 20 times more electricity per customer than they had been in 1950. These decades also saw several other notable events, including: • 1964: CPAU entered into a favorably priced 40-year contract with the Federal Bureau of Reclamation to purchase power from the Central Valley Project (CVP), a contract which later was managed by the Western Area Power Administration (WAPA) an office of the Department of Energy created in the 1970s to market power from various hydroelectric projects operated by the Federal Government, including the CVP. • 1965: The City began a long-term program to underground its overhead utility lines (Ordinance 2231). • 1968: Palo Alto joined several other small municipal utilities to form the Northern California Power Agency (NCPA), a joint action agency intended to make the group less vulnerable to actions by private utilities and to enable investment in energy supply projects. Palo Alto’s first new power plant investment in over 50 years came in the mid-80s. Palo Alto joined other NCPA members to invest in the construction and operation of the Calaveras Hydroelectric Project on the Stanislaus River in the Sierra-Nevada Mountains. The project commenced operation in 1990. The 1980s also saw an increased focus on infrastructure maintenance. In 1987 the UCC was built to house the terminals for a new SCADA system, which enabled utility staff to monitor the distribution system in real time, improving response time to outages. CPAU also commenced a preventative maintenance and planned replacement program for its underground system in the early 1990s. 12 | Page In the early 1990s the CPUC issued a ruling to deregulate the electric industry in California, and in 1996 the State legislature passed Assembly Bill 1890, which, among other things, created the California Independent System Operator (CAISO) to operate the transmission system and the Power Exchange to facilitate wholesale energy transactions. This restructuring was anticipated to bring lower costs to consumers, and while CPAU was not required to participate in the industry restructuring, in 1997 the Council approved a Direct Access Program for the Electric Utility2 that enabled CPAU to sell electricity outside its service territory and allowed customers within CPAU’s service territory to choose other providers. The utility unbundled its electric rates, creating separate supply and distribution components, which would enable customers to receive only distribution service while purchasing the electricity itself from another provider. The energy crisis in 2000 to 2001 led to the suspension of direct access by the CPUC in September 2001 as wholesale energy prices skyrocketed. The Electric Utility was less impacted than other utilities by the 2000 to 2001 energy crisis thanks to the Calaveras project and its contract with WAPA for CVP hydropower. In 2001 CPAU began planning for the impacts associated with the new terms of its contract with WAPA, set to take effect in 2005. The previous contract had provided 90% of Palo Alto’s power supply at favorable rates, and PG&E, as a party to the contract, had provided supplemental power to balance the monthly and annual variability of CVP generation. The new contract would provide only a third of Palo Alto’s requirement, and the monthly and annual variability in CVP generation would be passed directly to Palo Alto. As a result, electric supply costs would increase and CPAU needed to more actively managine its supply portfolio. CPAU began purchasing power from marketers and also investigated building a power plant in Palo Alto or partnering in the development of a gas-fired power plant elsewhere. Climate change was also becoming more of a concern to the community, and gradually CPAU shifted its focus to the procurement of renewable energy. In 2002 CPAU adopted a goal of achieving 20% of its energy supply from renewables by 2015. Subsequently CPAU signed its first contract for renewable power, a contract for energy from a wind generator commencing deliveries in 2005. In 2011 the renewable energy goal was increased to at least 33% by 2015, and in 2013 the City adopted a plan to make its electric supply 100% carbon neutral, which it achieves through the combination of its carbon-free hydroelectric supplies, purchases of long-term renewable energy supplies, and short-term renewable energy purchases (RECs) to meet the balance of its needs. 2 Implementation of Direct Access for Electric Utility Customers, CMR:460:97, December 1, 1997 13 | Page Figure 1: Customer Base (FY 2016) 16% 7% 35% 42% Residential Small Comm Med. Comm Large Comm SECTION 4B: CUSTOMER BASE The City of Palo Alto’s Electric Utility provides electric service to the residents, businesses, and other electric customers in Palo Alto. There are roughly 29,750 customers connected to the electric system, 25,700 (86%) of which are residential and 4,050 (14%) of which are non- residential. Residential customers consumed 148 gigawatt-hours (GWh) in FY 2016, approximately 16% of the electricity sold, while non-residential customers consumed 88% or 759 GWh. Residential customers use electricity primarily for lighting, refrigeration, electronics, and air conditioning.3 Non-residential customers use the majority of their electricity for cooling, ventilation, lighting, office equipment (offices), cooking (restaurants), and refrigeration (grocery stores).4 As shown in Figure 1 large customer loads represent a larger proportion of sales for the Electric Utility than they do for the City’s other utilities. The largest customers (the 72 customers on the E-7 rate schedule) account for over 40% of CPAU’s sales. The next largest customer group (the 835 non-residential customers on the E-4 rate schedule) represents another 35% of sales. In total, that means that about 3% of customers account for nearly three quarters of the electric load. SECTION 4C: DISTRIBUTION SYSTEM The Electric Utility receives electricity at a single connection point with PG&E’s transmission system. From there the electricity is delivered to customers through nearly 470 miles of distribution lines, of which 223 miles (48%) are overhead lines and 245 miles (52%) are underground. The Electric Utility also maintains six substations, roughly 2,000 overhead line transformers, 1,075 underground and substation transformers, and the associated electric services (which connect the distribution lines to the customers’ homes and businesses). These lines, substations, transformers, and services, along with their associated poles, meters, and 3 Source: Residential Appliance Saturation Survey, California Energy Commission, 2010 4 Source: Statewide Commercial End Use Study, California Energy Commission report, 2006. 14 | Page Figure 2: Cost Structure (FY 2016) 58% 34% 8% Commodity Supply Operations Capital Figure 3: Hydroelectric Variability (FY 2018) 0% 50% 100% 150% 200% Low Hydro Average High Hydro Surplus Hydro (sales) Market Power/RECs Hydro Renewables Load Figure 4: Revenue Structure (FY 2016) 87% 13% Sales of Electricity Other Revenue other associated electric equipment, represent the vast majority of the infrastructure used to deliver electricity in Palo Alto. SECTION 4D: COST STRUCTURE AND REVENUE SOURCES As shown in Figure 2, electric commodity purchases accounted for roughly 58% of the Electric Utility’s costs in FY 2016. Operational costs represented roughly 34%, and capital investment was responsible for the remaining 8%. CPAU’s non- hydro long-term commodity supply is heavily dependent on long-term contracts which have little variability in price. On average, costs for these long-term contracts are not predicted to increase as quickly as operations and CIP costs, and will steadily become a smaller proportion of the Electric Utility’s costs. Commodity supply costs are projected to be roughly 54% of total costs in FY 2027. While average year purchase costs for the electric utility are predictable due to its long-term contracts, variability in hydroelectric generation can result in increased or decreased costs. This is by far the largest source of variability the utility faces. Figure 3 shows the difference in costs under high, projected, and low hydroelectric generation scenarios for FY 2018. Additional costs associated with a very low generation scenario can range from $9-11 million per year. For the current hydroelectric risk assessment see Section 5F: Risk Assessment and Reserves Adequacy. As shown in Figure 4 the Electric Utility receives 87% of its revenue from sales of electricity and the remainder from connection fees, interest on reserves, cost recovery transfers from other funds for shared services provided by the electric utility, and other sources. Some 15 | Page revenue sources are primarily accounting entries that reflect things such as CPAU’s participation in a pre-funding program associated with its contract with WAPA, as well as accounting entries associated with occasional sales of surplus hydroelectric energy during wet years. Without these entries sales revenues represent roughly 91% of total revenues. Appendix A: Electric Utility Financial Forecast Detail shows more detail on the utility’s cost and revenue structures. As discussed in Section 4B: Customer Base, nearly three quarters of the utility’s electricity sales are to the 900 largest customers, which provide a similar share of the utility’s revenue stream. The utility’s retail rate schedules have no fixed charges, although about 24% of the utility’s revenue comes from peak demand charges on large non-residential customers. Due to moderate weather and the prevalence of natural gas heating, however, loads (and therefore revenues) are very stable for this utility, without the large seasonal air conditioning or winter heating loads seen at some other utilities. SECTION 4E: RESERVES STRUCTURE CPAU maintains several reserves for its Electric Utility to manage various types of contingencies. It also maintains two funds, the Supply Fund and the Distribution Fund, to manage costs associated with electricity supply and electricity distribution, respectively. This separation of supply and distribution costs was established as the City prepared to allow its customers a choice of electricity providers (referred to as “Direct Access”) back in the late 1990s and early 2000s. Though the 2000/2001 energy crisis halted these plans, CPAU continues to maintain separate funds to facilitate separation of supply and distribution costs in the rates. This could be important in case California ever decides to reintroduce Direct Access, and may also be useful for rate design as the nature of utility services evolves in response to higher penetrations of distributed generation. The various reserves are summarized below, but see Appendix B: Electric Utility Reserves Management Practices for more detailed definitions and guidelines for reserve management: • Reserves for Commitments: Reserves equal to the utility’s outstanding contract liabilities for the current fiscal year. Most City funds, including the General Fund, have a Commitments Reserve. • Reserves for Reappropriations: Reserves for funds dedicated to projects reappropriated by the City Council, nearly all of which are capital projects. Most City funds, including the General Fund, have a Reappropriations Reserve. This is currently an important reserve for all utility funds, but changes in budgeting practices will change that in future years, as described in Section 3C (Reserves Management Practices). • Electric Special Projects (ESP) Reserve: This reserve was formerly called the Calaveras Reserve, which was accumulated during deregulation of California’s electric system to fund the stranded costs associated primarily with the Calaveras hydroelectric resource and the California-Oregon Transmission Project. When that reserve was no longer 16 | Page needed for that purpose, the reserve was renamed and the purpose was changed to fund projects with significant impact that provide demonstrable value to electric ratepayers. • Hydroelectric Stabilization Reserve: This contingency reserve is used for managing additional costs due to below average hydroelectric generation, or to hold surpluses resulting from above average hydroelectric generation. • Underground Loan Reserve: This reserve is an accounting tool used to offset receivables associated with loans made through the underground loan program. It is adjusted according to principal payments made on those loans. • Public Benefits Reserve: CPAU’s electric rates include a separate charge called the “Public Benefits Charge” which generates revenue to be used for energy efficiency, demand-side renewable energy, research and development, and low-income energy efficiency services. Any funds not expended in the current year are added to the Public Benefits Reserve for use in future years. • Capital Improvement Program (CIP) Reserve: The CIP reserve is used to provide working capital and contingency funds for the CIP program, as well as to accumulate funds for major future one-time expenditures. This type of reserve is used in other utility funds (Electric, Gas, and Wastewater Collection) as well. • Supply and Distribution Rate Stabilization Reserves: These reserves are intended to be empty unless one or more large rate increases are anticipated in the forecast period. In that case, funds can be accumulated to spread the impact of those future rate increases across multiple years. This type of reserve is used in other utility funds (Gas, Wastewater Collection, and Water) as well. • Supply and Distribution Operations Reserves: These are the primary contingency reserves for the Electric Utility, and are used to manage yearly variances from budget for operational costs and electric supply costs (aside from variances related to hydroelectric generation). This type of reserve is used in other utility funds (Gas, Wastewater Collection, and Water) as well. • Unassigned Reserves (Supply/Distribution): As in the other utility funds, these reserves are for any financial resources not assigned to the other reserves and are normally empty. SECTION 4F: COMPETITIVENESS For the median consumption level the annual residential electric bill for calendar year 2016 was $551.65 under current CPAU rates, 38% lower than the annual bill for a PG&E customer with the same consumption and roughly the same as the annual bill for a City of Santa Clara customer. The bill calculations for PG&E customers are based on PG&E Climate Zone X, which includes most surrounding comparison communities. Table 6 presents sample median residential bills for Palo Alto, PG&E, and the City of Santa Clara (Silicon Valley Power) for several usage levels. Rates used to calculate the monthly bills shown 17 | Page below were in effect as of March 1, 2017. PG&E rates were recently increased, and their residential tiers moved from three to two. Over the next several years low usage customers in PG&E territory are expected to continue to see higher percentage rate increases than high usage customers as PG&E compresses its tiers from the highly exaggerated levels that have been in place since the energy crisis. This is likely to make the bill for the median Palo Alto consumer look even more favorable compared to most PG&E customers. Even with the compressed tiers, bills for high usage Palo Alto consumers are likely to remain substantially lower than the bills for high usage PG&E customers. The bill calculations show bills under the existing rates, not the proposed July 1, 2017 rates. However, even with the proposed rate increases, Palo Alto’s residential bills will remain substantially below PG&E’s current rates, but slightly above Santa Clara’s. Table 6: Residential Monthly Electric Bill Comparison (Effective 3/1/17, $/mo) Season Usage (kwh) Palo Alto PG&E Santa Clara Winter (March) 300 33.09 57.04 35.18 453 (Median) 57.18 97.81 53.78 650 90.48 154.38 77.73 1200 183.43 374.19 144.59 Summer (July) 300 33.09 57.04 35.25 (Median) 330 36.40 63.85 38.83 650 90.48 159.66 77.73 1200 183.43 380.43 144.59 Table 7 shows the average monthly electric bill for commercial customers for various usage levels. Even with the proposed rate increases, Palo Alto’s commercial bills will remain substantially below PG&E’s, and below Santa Clara’s for some commercial customers. Table 7: Commercial Monthly Electric Bill Comparison (3/1/17, $/mo) Usage (kwh/mo) Palo Alto PG&E Santa Clara 1,000 142 240 181 160,000 21,366 29,108 20,562 500,000 54,473 87,015 62,956 2,000,000 200,895 333,041 243,390 SECTION 5: UTILITY FINANCIAL PROJECTIONS SECTION 5A: LOAD FORECAST Figure 5 shows a 40-year history of Palo Alto electricity consumption. Average electricity consumption grew from 1986 to 1998, then returned to 1986 levels by 2002. Since then electricity consumption has declined slowly as a result of a continuing focus on energy 18 | Page efficiency, as well as the adoption of more stringent appliance efficiency standards and energy standards in building codes. Figure 5: Historical Electricity Consumption Figure 6 shows the forecast of electricity consumption through FY 2027. Sales after the July 2016 rate change decreased by 6% from projections. To be conservative, the forecast assumes that current trends continue and sales through the forecast period decline slightly. 800 850 900 950 1,000 1,050 1,100 1,150 19 8 9 19 9 0 19 9 1 19 9 2 19 9 3 19 9 4 19 9 5 19 9 6 19 9 7 19 9 8 19 9 9 20 0 0 20 0 1 20 0 2 20 0 3 20 0 4 20 0 5 20 0 6 20 0 7 20 0 8 20 0 9 20 1 0 20 1 1 20 1 2 20 1 3 20 1 4 20 1 5 20 1 6 Gw h 19 | Page Figure 6: Forecasted Electricity Consumption SECTION 5B: FY 2012 TO FY 2016 COST AND REVENUE TRENDS The annual expenses for the Electric Utility declined between FY 2009 and FY 2012, as shown in Figure 7 and the tables in Appendix A: Electric Utility Financial Forecast Detail. These decreases were partly related to declines in electricity market prices due to the impact of shale gas and partly due to above average output from hydroelectric resources. These factors are discussed in more detail in Section 6A: Electricity Purchases. Since FY 2012, total expenses for the utility have been increasing as renewable resources come online. In FY 2014 through FY 2015 costs were higher due to lower than average output from hydroelectric resources. Commodity costs are responsible for most of the changes in the utility’s expenses over the last six years. Operational costs and capital investment increased at less than 1% per year over that time. Actual Projection 20 | Page Figure 7: Electric Utility Expenses, Revenues, and Rate Changes: Actual Costs through FY 2016 and Projections through FY 2027 SECTION 5C: FY 2016 RESULTS California’s drought, with its corresponding lower hydroelectric energy output, continued to increase electricity costs in FY 2016. Offsetting this were lower operations and capital program spending. FY 2016 expenses were $9.2 million lower than in the FY 2017 Financial plan, with revenues being roughly equal. SECTION 5D: FY 2017 PROJECTIONS Last year, staff recommended (and Council approved) an 11% rate change for July 1, 2016, the start of FY 2017. Based on hydroelectric conditions at the time, staff forecasted a roughly $15.2 million deficit for FY 2017. This deficit was primarily related to low hydroelectric output, and was to be funded from the Rate Stabilization and Hydroelectric Stabilization reserves. Staff’s current forecast for FY 2017 is for a deficit of $25.4 million, $10.2 million more than forecast 21 | Page last year. This change is mainly due to sales decreasing by 6% after the last rate increase, cutting projected revenues by $11 million. The onset of wet weather and a forecast for a reversal in hydro conditions has brought down electric purchase cost projections, but the full impact of better hydro conditions likely won’t be felt until next fiscal year. With Operations reserves projected to be below minimum, several transfers, including a temporary loan from the Electric Special Projects Reserve, proposed. These transfers are discussed in Section 3D: Proposed Reserve Transfers. SECTION 5E: FY 2018 – FY 2027 PROJECTIONS As shown in Figure 7 above, costs for the Electric Utility are projected to increase at a fairly steady rate through the forecast period. Revenues will have to increase 10% in FY 2018 and another 7% in FY 2019 to bring revenues in line with expenses. The largest increases are primarily related to electricity purchase costs, which have been increasing since FY 2013 and will continue to increase through FY 2018 as new renewable projects come online to fulfill the City’s environmental goals and as transmission costs increase. Operations costs are expected to increase at or near the inflation rate (2-4 %/year) through the forecast period. Projected capital expenses for FY 2018 through FY 2023 are about $4.6 million lower than last year’s forecast as one large, customer driven project has been put on hold. The project would have been funded mostly through customer reimbursement. This forecast also assumes that smart grid costs are funded from the Electric Special Projects Reserves. Reserves trends based on these revenue projections are shown in Figure 8 (for Supply Fund reserves) and Figure 9 (for Distribution Fund reserves), below. The Supply Rate Stabilization Reserve will be empty by the end of FY 2017. The Distribution Operations reserve will require a short term transfer of $10 million from the Electric Special Projects reserve to remain adequate through the forecast period. The $10 million is projected to be transferred back between FY 2020 and FY 2021. The Supply Operations Reserve, however, is forecasted to be below minimum levels. This is discussed in more detail in Section 5F: Risk Assessment and Reserves Adequacy. The Hydro Stabilization reserve is projected to be depleted by the end of FY 2017. Staff will bring plans to Council in spring or summer for a Hydro rate adjustment mechanism to better utilize, and fund, this particular reserve. 22 | Page Figure 8: Electric Utility Reserves (Supply Fund): Actual Reserve Levels through FY 2016 and Projections through FY 2027 Figure 9: Electric Utility Reserves (Distribution Fund): Actual Reserve Levels through FY 2016 and Projections through FY 2027 23 | Page SECTION 5F: RISK ASSESSMENT AND RESERVES ADEQUACY The Electric Utility currently has two contingency reserves, the Supply Operations Reserve and the Distribution Operations Reserve. This Financial Plan maintains reserves in excess of the reserve minimum for the Distribution Operations Reserve throughout the forecast period. Reserve levels also exceed the short-term risk assessment level for the Distribution Fund. The Supply Operations Reserve, however, may end up below minimum levels and below the short- term risk assessment level. There are a variety of risks associated with the Supply Fund as are shown in Table 8. Because of the high range of uncertainty in energy price predictions more than three years in the future, this risk assessment is only performed for the first two fiscal years of the forecast period. It is important to note that the likelihood of all of these adverse scenarios occurring simultaneously and to the degree described in Table 8 is very low. Table 8: Electric Supply Fund Risk Assessment Categories of Electric Supply Cost Uncertainties Estimates of Adverse Outcomes (M$) Notes FY 2018 FY 2019 1.Load Net Revenue 0.9 1.0 Revenue loss from load decreases (net of reduction in energy purchases) 2.Production from Hydroelectric Resources: Western & Calaveras 9.3 13.7 Lower than forecasted hydro 3.Renewable Production: Landfill & Wind 0.5 2.0 Additional cost of renewable output that is higher than forecasted 4.Carbon Neutral Cost 0.0 0.0 Higher than forecasted market prices for RECs 5.Market Price (Energy)0.7 0.6 Higher than forecasted market prices for energy 6.Local Capacity 0.6 1.5 Higher than forecasted market prices for local capacity 7.Transmission/CAISO 3.2 3.3 High-end transmission forecast scenario 8.Plant Outage 1.0 1.0 Uninsured losses from Calaveras plant outage 9.Western Cost 2.4 3.5 Risk of rate adjustments from Western 10.Regulatory and Legal 0.0 0.0 Risks associated with legislative uncertainties 11.Supplier Default 0.2 0.2 Estimate of supplier default risks Electric Supply Fund Risks $18.8 million $26.8 million Projected Supply Operations + Hydro Stabilization Reserve Levels $16.0 million $17.5 million Of the risks faced by the Electric Utility’s Supply Fund in FY 2018, the risk of a dry year with very low hydroelectric output is normally the largest, accounting for nearly half the total cost of all adverse outcomes. Since the utility’s costs for its hydroelectric resources are almost entirely fixed, costs do not decline when the output of those resources are low, but the utility needs to buy power to replace the lost output. The converse happens when hydroelectric output is higher than average. 24 | Page Of the remaining risks for FY 2018, $3.2 million is related to the projected costs if transmission cost increases are higher than staff’s current forecast. Another $2.4 million is related to the possibility of drought-related changes to Western rates for CVP hydropower. As shown in Figure 10, the Supply Operations Reserve will drop below the minimum reserve guidelines by as much as $3.9 million over the course of the forecast period. In addition, as shown in Figure 11, the combined hydro stabilization and supply operations reserves will drop below the risk assessment level. It is acceptable under the Electric Utility Reserves Management Practices to drop below minimum reserve guidelines so long as Council approves the Financial Plan. Staff recommends proceeding with this plan for two reasons: first, due to larger than normal rains and snowpack to date, there is a chance of better hydro conditions will result in higher reserves, and second, the presence of the Electric Special Projects Reserve means that a small temporary shortfall in the Supply Operations Reserve should not affect the Electric Utility’s bond ratings. In the event drought re-emerges, staff will re-evaluate its projections for FY 2019 and may recommend additional rate increases or the adoption of a hydroelectric rate adjuster. Figure 10: Electric Supply Operations Reserve Adequacy 25 | Page Figure 11: Adequacy of Supply Operations and Hydro Stabilization Reserves, Combined Table 9 summarizes the risk assessment calculation for the Distribution Operations Reserve through FY 2022. As shown in Figure 12, the Distribution Operations Reserve will stay within the reserve guidelines over the course of the forecast period. The risk assessment includes the revenue shortfall that could accrue due to: 1.Lower than forecasted sales revenue; and 2.An increase of 10% of planned system improvement CIP expenditures for the budget year. 26 | Page Table 9: Electric Distribution Fund Risk Assessment ($000) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Total non-commodity revenue $46,877 $49,044 $48,931 $48,812 $49,612 Max. revenue variance, previous ten years 8% 8% 8% 8% 8% Risk of revenue loss $3,700 $3,871 $3,862 $3,852 $3,916 CIP Budget $15,574 $15,869 $25,150 $19,048 $17,449 CIP Contingency @10% $1,557 $1,587 $2,515 $1,905 $1,745 Total Risk Assessment value $5,257 $5,458 $6,377 $5,757 $5,661 Figure 12: Electric Distribution Operations Reserve Adequacy As shown in Figure 13, the CIP Reserve is projected to be at or above the proposed revised minimum and maximum guidelines over the forecast period. While the Reserve is above maximum levels in later years, CIP Commitments are nearly impossible to project that far out, and adjustments to the reserve can be made in future years. 27 | Page Figure 13: Electric CIP Reserve Adequacy SECTION 5G: LONG-TERM OUTLOOK This forecast covers the period from FY 2018 through FY 2027, but various long-term developments may create new costs for the utility over the next 5 to 35 years. While it is challenging to accurately forecast the impact these events will have on the utility’s costs, it is worth noting them as future milestones and keeping them in mind for long-term planning purposes. For the supply portfolio, the 2020s will see a number of notable events. The contract with Western for power from the CVP will expire in 2024. Determining the future relationship with Western after 2024 will be important in the years leading up to the contract expiration, especially because this resource represents nearly 40% of the electric portfolio, and is the utility’s largest source of carbon-free electricity. The utility’s three earliest and lowest cost renewable contracts will also begin expiring around that time, with the first contract expiring in 2021 and the last in 2028. These three contracts, plus one more expiring in 2030, currently 28 | Page provide 17% to 18% of the energy for the utility’s supply portfolio at prices under $65 per megawatt-hour (MWh). It is difficult to know what renewable energy prices will be when those contracts expire. Although recent prices have been in that range (or even lower), and costs may decrease in the future, current renewable projects also benefit from a wide range of tax and other incentives that may or may not be available in the 2020s and beyond. However, staff is in the process of procuring a replacement for the contract expiring in 2021 at a lower price than any of the City’s current renewable contracts. The costs of the Calaveras hydro project will also change in the 2020s, with debt service costs dropping by half in 2025 as some of the debt is paid off, and all debt retired by the end of 2032 (assuming no new debt is issued). The project will only be 40 years old at that time. Calaveras debt service represents roughly 70% of the annual costs of that project (and nearly 7% of the utility’s total costs), so when the debt is retired, the project could be a low-cost asset for the utility, providing carbon-free energy equal to 13% of the Electric Utility’s supply needs in an average year. Another factor that may affect the utility’s supply costs in the long run is carbon allowance revenue. Currently the Electric Utility receives $3 to 5 million per year in revenue from allocated carbon allowances under the State’s cap-and-trade program. It uses that revenue to pay for energy efficiency and to purchase renewable energy to support the utility’s Carbon Neutral Plan. That revenue source is expected to continue through 2020, but provisions for whether or not these allocations continue past 2020 are still being discussed. If the Electric Utility no longer received these allowances, it would have to fund these programs from sales revenues. Transmission costs are also continuing to rise. If the State continues to increase mandates or incentives for renewable energy development, integrating these new projects into the transmission grid will be an ever increasing challenge, some costs of which will be borne by Palo Alto. The planned expansion of the CAISO to a larger regional grid control area may result in additional transmission costs that could further increase CPAU’s transmission costs. In addition to the costs of new transmission lines that will need to be built, flexible resources will be required to balance rapid changes in wind or solar output throughout the day. Palo Alto will likely bear some of the costs of these new lines and resources. CPAU is also currently investigating installing a second transmission interconnection for Palo Alto, which could be funded by the Electric Special Projects reserve. Over the next several years the Electric Utility will continue to execute its usual monitoring, repair, and replacement routine for the distribution system, but will also begin the rollout of various smart grid technologies. The utility continues to monitor the growth of electric vehicle ownership and gas-to-electric fuel switching in Palo Alto. In the next 10 to 20 years, these factors may begin to create notable increases in electric consumption and have a variety of impacts on the distribution system. As housing stock is turned over, however, stricter building codes may help to counteract load growth, as may increasing numbers of rooftop solar installations. The utility has already started to take some of these factors into account in its 29 | Page long-term planning processes, but will need to continue to incorporate them into its planning methodologies. Over the long term, it is conceivable that electricity could replace natural gas and petroleum almost entirely. Many, if not most, vehicles would use electricity, though hydrogen is another potential fuel source under development and other technologies might be developed. Initial analysis of these types of scenarios is being undertaken in the context of the Sustainability and Climate Action Plan (S/CAP) development process. These types of scenarios require careful planning for the associated load growth to make sure the distribution system did not end up overloaded, or conversely, to avoid over investment, and the evaluation of changes to utility distribution system management to accommodate integration of the various technologies involved in electrification. 30 | Page SECTION 6: DETAILS AND ASSUMPTIONS SECTION 6A: ELECTRICITY PURCHASES As shown in Figure 14 the utility gets roughly 50% of its energy from hydroelectric projects in a normal year (FY 2014 and FY2015 were dry). Contracts with renewable sources made up just over 30% of the portfolio in FY 2016, and are projected to rise to roughly 50% starting in FY 2017. The remainder comes from unspecified market sources. Under the City’s Carbon Neutral Plan, CPAU purchases RECs corresponding to the amount of market energy it purchases. Figure 14: Electricity Supply by Source 31 | Page Figure 15 shows the historical and projected costs for the electric supply portfolio,5 as well as average and actual hydroelectric generation.6 Electric supply costs increased in FY 2013, FY 2014, and FY 2015 due to the drought, which reduced the amount of generation from hydroelectric resources. Costs decreased slightly in FY 2016 due to better than expected market purchase costs. Even if hydroelectric generation returns to normal levels, costs will increase in FY 2017 due to increases in renewable energy costs as various renewable projects come online to fulfill the City’s carbon neutral and RPS goals. Transmission charges are also projected to increase as new transmission lines are built throughout California to accommodate new renewable projects. In total, electric supply costs are projected to increase to $77.8 million by FY 2020, at which point all currently contracted renewable projects will be online. Supply costs are only projected to change slightly in subsequent years. Figure 15: Electric Supply Portfolio Costs, Historical and Projected 5 Costs are shown net of wholesale revenues, and cannot be directly compared with the electric supply purchase figures shown in Appendix A: Electric Utility Financial Forecast Detail 6 Average hydroelectric generation increased in January of 2015 due to an increase in the utility’s contractual share of the output of the CVP Federal hydropower project. 32 | Page SECTION 6B: OPERATIONS CPAU’s Electric Utility operations include the following activities: •Administration, including financial management of charges allocated to the Electric Utility for administrative services provided by the General Fund and for Utilities Department administration, as well as debt service and other transfers. Additional detail on Electric Utility debt service is provided in Section 6D (Debt Service) •Customer Service •Engineering work for maintenance activities (as opposed to capital activities) •Operations and Maintenance of the distribution system; and •Resource Management Appendix C: Description of Electric utility Operational Activities includes detailed descriptions of the work associated with each of these activities. From FY 2012 to FY 2015, Operations costs increased by less than 1% per year on average. In 2013 there was a one-time increase in expenses associated with an adjustment to the value of the City’s investment portfolio. Over the forecast horizon, excluding debt service and transfers, costs are projected to increase by roughly 2 to 4 % per year. Figure 16: Historical and Projected Electric Utility Operational Costs 33 | Page SECTION 6C: CAPITAL IMPROVEMENT PROGRAM (CIP) CIP spending for FY 2018 through FY 2023 is projected to decrease somewhat from last year’s forecast, primarily due to the removal of some major one-time projects, including service connection upgrades for a few major customers. Other projects still slated to continue are pole replacements related to the Fiber to the Home project, and Smart Grid upgrades. Ongoing capital investment in the electric distribution system is also increasing. This forecast assumes that smart grid projects are financed from the Electric Special Projects Reserve and with additional funding from the water and gas funds, but it would also be possible to use bond financing. Excluding the one-time projects listed above, the CIP plan for FY 2018 to FY 2022 is primarily funded by utility rates, but other sources of funds include connection fees (for Customer Connections), phone and cable companies (primarily for undergrounding), and other funds (for smart grid). The details of the CIP budget will be available in the Proposed FY 2018 Utilities Capital Budget. Figure 16 shows the adopted / proposed / projected capital budgets as well as actual and projected capitalized administrative overhead associated with the program. Figure 17: Electric Utility CIP Spending SECTION 6D: DEBT SERVICE The Electric Utility’s annual debt service is $100,000 per year. The Electric Utility currently makes payment on one bond issuance, the 2007 Electric Utility Clean Renewable Energy Tax Credit Bonds, Series A. This $1.5 million bond issuance was to fund a portion of the construction costs of solar demonstration projects at the Municipal Services Center, Baylands Interpretive Center, and Cubberley Community Center. The capacity of these projects totaled 250 kW. In exchange for funding part of the construction costs Electric Utility receives the RECs from these projects. The bonds were Clean Renewable Energy Bonds (CREBs), meaning they are interest free (the investors receive a tax credit from the federal government). This bond issuance is secured by the net revenues of the Electric Utility. Debt service for this bond continues through 2021, and for the financial forecast period is as follows: 34 | Page Table 10: Electric Utility Debt Service ($000) FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 2007 Clean Renewable Energy Bonds 100 100 100 100 100 - The 2007 bonds include a covenant stating that the Electric Utility will maintain a debt coverage ratio of 125% of debt service. The current Financial Plan maintains compliance with these covenants throughout the forecast period, as shown in Appendix C. The Electric Utility’s reserves and net revenue are also pledged as security for the bond issuances listed in Table 11, even though the Electric Utility is not responsible for the debt service payments. The Electric Utility’s reserves or net revenues would only be called upon if the responsible utilities are unable to make their debt service payments. Staff does not currently foresee this occurring. Table 11: Other Issuances Secured by Electric Utility’s Revenues or Reserves Bond Issuance Responsible Utilities Annual Debt Service ($000) Secured by Electric Utility’s: Net Revenues Reserves 1995 Utility Revenue Bonds, Series A Storm Drain $680 Yes No 1999 Utility Revenue Bonds, Series A Storm Drain Wastewater Collection Wastewater Treatment $1,207 No Yes 2009 Water Revenue Bonds (Build America Bonds) Water $1,977* No Yes 2011 Utility Revenue Refunding Bonds, Series A Gas Water $1,457 No Yes *Net of Federal interest subsidy SECTION 6E: EQUITY TRANSFER The City calculates the equity transfer from its Electric Utility based on a methodology adopted by Council in 2009, which has remained unchanged since then.7 Each year it is calculated according to the 2009 Council-adopted methodology, and does not require additional Council action. SECTION 6F: WHOLESALE REVENUES AND OTHER REVENUES The Electric Utility receives most of its revenues from sales of electricity, but about 13% comes from other sources. Of these other sources, about a third represent wholesale “revenues” that are included solely for accounting purposes. These revenues have offsetting electric supply 7 For more detail on the ordinance adopting the 2009 transfer methodology, see CMR 280:09, Budget Adoption Ordinance for Fiscal Years 2009 and 2010; and CMR 260:09, Finance Committee Report explaining proposed changes to equity transfer methodology. 35 | Page purchase costs, and do not normally affect the utility’s net position. Of the remaining revenues, the largest revenue sources are interest on reserves, connection fees for new or replacement electric services, and carbon allowance revenues associated with the State’s cap-and-trade program. In FY 2016 these sources represented roughly 50% of revenue from sources other than electricity sales. The remaining FY 2016 revenues consisted of a variety of one-time transfers. Revenues from connection fees have more than doubled since FY 2009. Revenue from these sources decreased slightly during the recession, but has increased substantially since then, peaking in FY 2014. Staff is forecasting slightly lower revenue from this source in subsequent years. Carbon allowance revenues are projected to stay stable through the forecast period, as is interest income. However, both of these revenue sources are subject to some uncertainty. The State’s cap-and-trade program regulations only describe the program through 2020. This forecast assumes the program will remain in place with similar program design following 2020, but that may not be the case. CARB is in the process of establishing post-2020 rules. The forecast for interest income assumes current interest rates continue and there are no major reserve reductions aside from what is anticipated in this Financial Plan. If interest rates rise, interest income could increase, and if reserves decreased (due to drought or a withdrawal from the ESP reserve for a major project), interest income would decrease. SECTION 6G: SALES REVENUES Sales revenue projections are based on the load forecast in Section 5A: Load Forecast and the projected rate changes shown in Figure 7. As discussed in Section 5A, sales revenues for this utility stay relatively stable due to the mild climate in Palo Alto, but decreased significantly in FY 2017. In addition, Palo Alto is a built out City, with incremental growth in population and relatively stable commercial customer loads. 36 | Page SECTION 7: COMMUNICATIONS PLAN CPAU communication methods include use of the Utilities website, utility bill inserts, messaging on bills and envelopes, email newsletters, print ads in local publications, videos and participation in community outreach events. The FY 2018 Electric Utility communications strategy covers these primary areas: rates, efficiency, renewables, operations, infrastructure, safety, and changes to utility economic conditions in the wake of the drought. In FY 2018, CPAU is proposing an 12% increase in electric utility rates. Prior to FY 2017, electric utility rates had not increased since 2009, as the City has been drawing down reserves from the Electric Fund. The rate increase was necessary last year and again in FY 2018, as these reserves are below the minimum reserve level. Communications will focus on the reasons why a rate increase is necessary, and how this percentage has been impacted due to the drought, renewable projects, capital improvement and other costs. Palo Alto purchases a significant portion of its electricity from hydroelectric resources. Severe drought conditions over the past few years reduced available hydroelectric supplies, requiring the City to purchase more costly replacement electric supplies. Since the State received a great deal of precipitation in the latter part of FY 2017, communications staff will now focus messaging on how increased hydroelectric supplies will impact and potentially change the forecast for electric rates moving forward, at least in the short-term. Reliability and safety are primary concerns for CPAU and City Council has placed increasing emphasis on capital improvement investments for utility infrastructure. In order to maintain system integrity, continued capital improvement costs are necessary. Deferring such costs to future years would not be prudent, as deferred investment in maintenance, operations and capital improvement upgrades could potentially jeopardize the safety and reliability of the electric utility system. Despite these costs and increasing rates, CPAU’s rates remain lower than the neighboring community average, including for municipal and investor-owned utilities (PG&E). Keeping costs low is one of the benefits CPAU offers its customers as a public utility provider. CPAU will continue to communicate about the City’s carbon neutral electric supply portfolio. Outreach includes apprising the public of major renewable energy purchase agreements, which contribute toward Palo Alto’s long-term energy security and commitment to sustainability. Recent power purchase agreements have allowed CPAU to procure long-term renewable electric supplies at low costs. While upfront capital costs to bring these renewable projects online may initially contribute towards some increase in CPAU’s electric rates, these higher costs are expected to taper off once the projects begin commercial operations. CPAU will highlight these environmental attributes and value in our communications. Throughout the year, communications staff promotes CPAU’s electric efficiency services, rebates and local renewable energy programs. From January 2015 to December 2016, CPAU encouragedcommunity participation in the Georgetown University Energy Prize competition, a friendly, national campaign for energy efficiency. This two-year campaign encouraged the 37 | Page community to reduce energy use and compete for a $5 million prize. Within the past one to two years, CPAU launched new programs thatallow customers to better understand and manage their energy use. These programs include the Home Efficiency Genie; a free utility bill analysis service with option for a subsidized in-depth home energy assessment; and an online utility portal for customers to view consumption history, learn about efficiency tips and CPAU programs they can take advantage of for home energy efficiency. 38 | Page APPENDICES Appendix A: Electric Utility Financial Forecast Detail Appendix B: Electric Utility Reserves Management Practices Appendix C: Description of Electric utility Operational Activities Appendix D: Samples of Recent Electric Utility Outreach Communications 6053706 APPENDIX A: ELECTRIC UTILITY FINANCIAL FORECAST DETAIL 6053706 (page intentionally left blank) 6053706 1 FISCAL YEAR FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 2 3 ELECTRIC LOAD 4 Purchases (MWh)969,519 976,319 980,894 979,005 977,292 945,703 960,601 940,860 938,688 936,402 934,369 934,369 934,369 934,369 934,369 934,369 5 Sales (MWh)942,562 946,841 950,784 936,773 937,157 906,562 908,459 907,858 905,762 903,556 901,594 901,594 901,594 901,594 901,594 901,594 6 7 BILL AND RATE CHANGES 8 System Average Rate ($/kWh)0.1156$ 0.1154$ 0.1164$ 0.1158$ 0.1156$ 0.1233$ 0.1407$ 0.1506$ 0.1506$ 0.1506$ 0.1516$ 0.1553$ 0.1568$ 0.1579$ 0.1589$ 0.1600$ 9 Change in System Average Rate -1%0%1%0%0%10%14%7%0%0%1%2%1%1%1%1% 10 Change in Average Residential Bill -1%-4%-1%-5%3%10%11%6%-1%-1%0%2%1%0%0%0% 11 12 STARTING RESERVES 13 Reappropriations (Non-CIP)343,000 1,886,000 305,000 - - - - - - - - - - - - - 14 Commitments (Non-CIP)1,593,000 2,737,000 3,528,000 3,164,000 3,102,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 15 Restricted for Debt Service - - - - - - - - - - - - - - - - 16 Emergency Plant Replacement 1,000,000 1,000,000 1,000,000 1,000,000 - - - - - - - - - - - - 17 Central Valley Project Reserve 305,000 314,000 313,000 329,000 - - - - - - - - - - - - 18 Underground Loan Reserve 736,000 742,000 738,000 734,000 730,000 729,000 729,000 729,000 729,000 729,000 729,000 729,000 729,000 729,000 729,000 729,000 19 Public Benefits Reserves 3,139,000 1,149,000 2,197,000 2,064,000 2,574,000 1,839,000 1,330,970 739,050 279,587 94,959 - - - - - - 20 Electric Special Projects Reserve 55,558,000 50,320,000 51,838,000 51,838,000 51,838,000 51,838,000 41,665,260 41,525,693 41,192,360 42,859,027 46,192,360 44,665,260 44,665,260 44,665,260 44,665,260 44,665,260 21 Hydro Stabilization Reserve - - - - 17,000,000 11,400,000 2,400,000 - - - - - - - - - 22 Capital Reserves - - - - - - - - - - - - - - - - 23 Rate Stabilization Reserves 66,331,000 74,609,000 69,029,000 70,049,000 14,411,000 9,011,000 3,600,000 - - - - - - - - - 24 Operations Reserves - - - - 22,498,000 21,850,000 21,570,031 28,477,295 31,328,331 31,984,129 32,727,128 36,734,340 36,600,128 36,226,077 38,957,005 40,470,904 25 Unassigned - - - - - - - - 915,938 (0) 0 0 - - - - 26 TOTAL STARTING RESERVES 129,005,000 132,757,000 128,948,000 129,178,000 112,153,000 100,444,000 75,072,262 75,248,039 78,222,216 79,444,115 83,425,489 85,905,601 85,771,388 85,397,337 88,128,265 89,642,164 27 28 REVENUES 29 Net Sales 109,309,318 109,974,337 110,246,264 108,873,377 108,312,917 111,743,300 127,804,839 136,731,078 136,415,457 136,083,191 136,693,648 139,980,910 141,364,099 142,326,185 143,276,966 144,246,140 30 Wholesale Revenues 7,189,218 6,635,790 6,010,409 6,267,000 5,534,000 11,422,865 16,360,219 13,481,291 15,723,490 16,405,058 17,841,074 17,242,448 17,467,779 17,643,588 17,905,633 19,002,541 31 Other Revenues and Transfers In 7,027,230 9,624,213 13,669,185 9,688,480 10,129,274 10,013,826 14,509,829 12,934,637 21,875,693 18,854,966 15,870,577 12,946,907 13,320,702 13,772,401 14,201,802 14,631,713 32 TOTAL REVENUES 123,525,766 126,234,340 129,925,858 124,828,858 123,976,191 133,179,991 158,674,887 163,147,006 174,014,640 171,343,215 170,405,299 170,170,265 172,152,580 173,742,173 175,384,402 177,880,394 33 34 EXPENSES 35 Electric Supply Purchases 58,724,136 61,313,637 68,785,977 80,022,010 79,114,644 84,371,202 87,986,828 89,065,816 90,840,796 90,727,608 92,220,793 91,758,113 92,924,517 93,903,644 95,224,116 96,464,584 36 Operating Expenses 37 Administration 38 Allocated Charges 3,416,423 4,399,674 4,139,837 4,511,222 5,148,470 3,376,852 3,461,365 3,547,989 3,636,783 3,727,743 3,820,946 3,916,481 4,014,404 4,114,776 4,217,658 4,323,112 39 Rent 3,839,201 3,875,836 4,051,044 4,147,742 4,997,101 5,121,102 5,274,735 5,432,977 5,595,966 5,763,845 5,936,761 6,114,864 6,298,310 6,487,259 6,681,877 6,882,333 40 Debt Service 8,902,751 9,265,736 9,020,651 9,037,000 8,985,994 8,889,090 8,868,768 8,471,091 8,480,048 8,444,315 8,453,684 9,299,046 8,893,834 4,898,677 4,896,047 4,894,784 41 Transfers and Other Adjustments 11,603,695 16,797,054 11,329,973 11,003,993 5,920,297 12,078,949 13,226,214 13,275,892 14,159,863 14,163,159 14,166,536 14,169,998 14,173,547 14,177,184 14,180,913 14,184,734 42 Subtotal, Administration 27,762,069 34,338,299 28,541,506 28,699,957 25,051,862 29,465,993 30,831,082 30,727,949 31,872,660 32,099,063 32,377,926 33,500,388 33,380,095 29,677,896 29,976,494 30,284,963 43 Resource Management 2,654,024 3,024,268 3,541,524 2,138,615 2,035,834 3,240,541 3,356,945 3,476,405 3,600,582 3,707,001 3,803,153 3,902,819 4,005,096 4,110,053 4,217,761 4,328,292 44 Demand Side Management 4,541,531 3,529,529 3,187,875 3,491,470 3,723,605 3,690,063 3,773,952 3,639,388 3,357,212 3,297,042 3,255,251 3,339,598 3,384,926 3,431,076 3,478,065 3,525,906 45 Operations and Mtc 9,288,490 9,601,481 9,488,627 10,716,881 11,514,846 13,702,158 14,158,618 14,626,674 15,111,694 15,541,894 15,941,538 16,354,711 16,778,592 17,213,460 17,659,598 18,117,300 46 Engineering (Operating)1,057,783 1,114,945 1,102,008 1,230,160 1,578,022 1,840,073 1,889,674 1,940,499 1,992,737 2,044,182 2,095,630 2,148,473 2,202,649 2,258,191 2,315,133 2,373,512 47 Customer Service 1,908,493 2,007,322 2,032,231 1,548,851 1,538,363 2,212,967 2,297,149 2,383,613 2,473,714 2,549,014 2,615,594 2,684,750 2,755,735 2,828,597 2,903,385 2,980,150 48 Allowance for Unspent Budget - - - - - (1,461,604) (1,508,656) (1,556,914) (1,606,879) (1,651,905) (1,694,232) (1,737,944) (1,782,784) (1,828,782) (1,875,967) (1,924,370) 49 Subtotal, Operating Expenses 47,212,389 53,615,844 47,893,770 47,825,933 45,442,532 52,690,192 54,798,765 55,237,614 56,801,721 57,586,290 58,394,860 60,192,796 60,724,308 57,690,491 58,674,470 59,685,754 50 Capital Program Contribution 13,837,241 15,113,859 13,016,111 14,005,915 11,128,015 21,490,335 15,573,950 15,869,398 25,150,225 19,047,944 17,449,100 18,353,570 18,877,806 19,417,110 19,971,917 20,542,674 51 TOTAL EXPENSES 119,773,766 130,043,340 129,695,858 141,853,858 135,685,191 158,551,729 158,359,542 160,172,828 172,792,742 167,361,841 168,064,753 170,304,478 172,526,631 171,011,245 173,870,503 176,693,012 52 22,058,000.0 26,659,398 15,868,470 16,320,285 16,784,774 53 ENDING RESERVES 54 Reappropriations (Non-CIP)1,886,000 305,000 - - - - - - - - - - - - - - 55 Commitments (Non-CIP)2,737,000 3,528,000 3,164,000 3,102,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 3,777,000 56 Restricted for Debt Service - - - - - - - - - - - - - - - - 57 Emergency Plant Replacement 1,000,000 1,000,000 1,000,000 - - - - - - - - - - - - - 58 Central Valley Project Reserve 314,000 313,000 329,000 - - - - - - - - - - - - - 59 Underground Loan Reserve 742,000 738,000 734,000 730,000 729,000 729,000 729,000 729,000 729,000 729,000 729,000 729,000 729,000 729,000 729,000 729,000 60 Public Benefits Reserves 1,149,000 2,197,000 2,064,000 2,574,000 1,839,000 1,330,970 739,050 279,587 94,959 - - - - - - - 61 Electric Special Projects Reserve 50,320,000 51,838,000 51,838,000 51,838,000 51,838,000 41,665,260 41,525,693 41,192,360 42,859,027 46,192,360 44,665,260 44,665,260 44,665,260 44,665,260 44,665,260 44,665,260 62 Hydro Stabilization Reserve - - - 17,000,000 11,400,000 2,400,000 - - - - - - - - - - 58 Capital Reserve - - - - - - - - - - - - - - - - 59 Rate Stabilization Reserve 74,609,000 69,029,000 70,049,000 14,411,000 9,011,000 3,600,000 - - - - - - - - - - 60 Operations Reserve - - - 22,498,000 21,850,000 21,570,031 28,477,295 31,328,331 31,984,129 32,727,128 36,734,340 36,600,128 36,226,077 38,957,005 40,470,904 41,658,286 61 Unassigned - - - - - - - 915,938 (0) 0 0 - - - - - 62 TOTAL ENDING RESERVES 132,757,000 128,948,000 129,178,000 112,153,000 100,444,000 75,072,262 75,248,039 78,222,216 79,444,115 83,425,489 85,905,601 85,771,388 85,397,337 88,128,265 89,642,164 90,829,546 63 64 OPERATIONS RESERVE 65 Min (60 days of non-capital expenses)23,548,140 23,951,699 25,106,757 25,973,915 26,332,908 26,857,109 27,090,134 27,593,969 27,942,086 28,353,037 28,150,419 28,667,754 29,179,891 66 Target (90 days of non-capital expenses)33,151,752 33,702,675 35,379,286 36,622,631 37,102,294 37,828,286 38,116,222 38,808,965 39,266,545 39,816,759 39,444,963 40,151,398 40,848,296 67 Max (120 days of non-capital expenses)42,755,364 43,453,651 45,651,816 47,271,347 47,871,681 48,799,463 49,142,310 50,023,961 50,591,003 51,280,480 50,739,507 51,635,042 52,516,702 68 Risk Assessment Value 4,645,297 4,373,014 5,295,861 5,257,153 5,457,746 6,376,895 5,757,260 5,660,508 6,010,401 6,256,453 6,469,660 6,600,181 6,733,749 69 70 DEBT SERVICE COVERAGE RATIO 71 Net Revenues (125% of Debt Service)1090% 1140% 1193% 1315%1286% 1442% 1510% 1603% 1641% 1656% 1682% 1534% 1628% 2995% 3043% 3090% 72 Available Reserves (5x Debt Service)*14.4 13.5 14.0 12.1 10.8 8.0 8.1 8.8 8.9 9.4 9.7 8.8 9.2 17.2 17.5 17.8 *For the purposes of debt covenants, the unrestricted reserves of other utilities may be counted toward the available reserves for meeting this measure. A ratio below 5x means that this utility is relying on the reserves of other utilities to meet its debt covenants. 6053706 1 FISCAL YEAR FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 2 3 REVENUES 4 Net Sales 88%87%85%87%87%84%81%84%78%79%80%82%82%82%82%81% 5 Other Revenues and Transfers In 12%13%15%13%13%16%19%16%22%21%20%18%18%18%18%19% 6 TOTAL REVENUES 100%100%100%100%100%100%100%100%100%100%100%100%100%100%100%100% 7 8 EXPENSES 9 Commodity Purchases 46%46%52%55%54%50%46%47%45%46%46%46%46%47%47%47% 10 Operating Expenses 11 Administration 12 Allocated Charges 3%3%3%3%4%2%2%2%2%2%2%2%2%2%2%2% 13 Rent 3%3%3%3%4%3%3%3%3%3%4%4%4%4%4%4% 14 Debt Service 7%7%7%6%7%6%6%5%5%5%5%5%5%3%3%3% 15 Transfers and Other Adjustments 10%13%9%8%4%8%8%8%8%8%8%8%8%8%8%8% 16 Subtotal, Administration 23%26%22%20%18%19%19%19%18%19%19%20%19%17%17%17% 17 Resource Management 2%2%3%2%2%2%2%2%2%2%2%2%2%2%2%2% 18 Operations and Mtc 8%7%7%8%8%9%9%9%9%9%9%10%10%10%10%10% 19 Engineering (Operating)1%1%1%1%1%1%1%1%1%1%1%1%1%1%1%1% 20 Customer Service 2%2%2%1%1%1%1%1%1%2%2%2%2%2%2%2% 21 Allowance for Unspent Budget 0%0%0%0%0%-1%-1%-1%-1%-1%-1%-1%-1%-1%-1%-1% 22 Subtotal, Operating Expenses 36%39%34%31%31%31%32%32%31%32%33%33%33%32%32%32% 23 Capital Program Contribution 12%12%10%10%8%14%10%10%15%11%10%11%11%11%11%12% 24 TOTAL EXPENSES 94%96%97%96%93%94%88%89%90%90%89%90%90%90%90%90% 25 26 RISK ASSESSMENT DETAIL (SUPPLY FUND) 27 FISCAL YEAR FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 28 1. Load Net Revenue 77,428 652,853 1,208,477 29 2. Hydro Production: Western & Calaveras 9,314,822 9,050,313 3,397,119 30 3. Renewable Production: Landfill & Wind & Solar 375,755 743,945 539,073 31 4. Carbon Neutral Cost 331,630 303,022 114,983 32 5. Market Price 909,196 775,584 1,138,589 33 6. Local Capacity 475,962 408,388 446,695 34 7. Transmission/CAISO 4,555,915 3,741,647 2,806,120 35 8. Plant Outage 1,000,000 1,000,000 1,000,000 36 9. Western Cost 3,130,000 2,704,738 2,973,619 37 10. Regulatory & Legal - - - 38 11. Supplier Default - - - 39 TOTAL 20,170,708 19,380,490 13,624,674 40 Supply Operations + Hydro Stabilization Reserves, % of Risk Assessment 196%172%176% 41 42 RISK ASSESSMENT DETAIL (DISTRIBUTION FUND) 43 FISCAL YEAR FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 44 Distribution Revenue Variance 3,244,706 3,260,213 3,146,827 3,699,758 3,870,807 3,861,873 3,852,466 3,915,598 4,175,044 4,368,672 4,527,949 4,602,989 4,679,481 45 10% CIP Program Contingency 1,400,592 1,112,802 2,149,034 1,557,395 1,586,940 2,515,022 1,904,794 1,744,910 1,835,357 1,887,781 1,941,711 1,997,192 2,054,267 46 Total Risk Asssessment Value 4,645,297 4,373,014 5,295,861 5,257,153 5,457,746 6,376,895 5,757,260 5,660,508 6,010,401 6,256,453 6,469,660 6,600,181 6,733,749 47 Projected Operations Reserve 22,498,000 21,850,000 21,570,031 28,477,295 28,507,266 31,984,129 32,727,129 36,734,340 36,600,128 36,226,077 38,957,005 40,470,904 41,658,286 48 Operations Reserve, % of Risk Value 484%500%407%542%522%502%568%649%609%579%602%613%619% 49 44 SUPPLY OPERATIONS RESERVE 45 Min (60 days of non-capital expenses)- - - 15,208,552 15,033,113 16,240,825 16,860,400 17,001,701 17,325,251 17,328,711 17,602,415 17,709,305 17,862,689 17,395,887 17,642,251 17,876,454 46 Target (90 days of non-capital expenses)- - - 22,812,829 22,549,669 24,361,237 25,290,599 25,502,552 25,987,877 25,993,067 26,403,622 26,563,958 26,794,033 26,093,831 26,463,376 26,814,681 47 Max (120 days of non-capital expenses)- - - 30,417,105 30,066,225 32,481,649 33,720,799 34,003,403 34,650,502 34,657,422 35,204,830 35,418,611 35,725,378 34,791,775 35,284,501 35,752,908 48 49 DISTRIBUTION OPERATIONS RESERVE 50 Min (60 days of non-capital expenses)- - - 8,339,587 8,918,586 8,865,932 9,113,516 9,331,206 9,531,858 9,761,423 9,991,554 10,232,781 10,490,348 10,754,532 11,025,503 11,303,437 51 Target (90 days of non-capital expenses)- - - 10,338,923 11,153,006 11,018,050 11,332,032 11,599,742 11,840,409 12,123,155 12,405,343 12,702,586 13,022,725 13,351,132 13,688,022 14,033,616 52 Max (120 days of non-capital expenses)- - - 12,338,259 13,387,426 13,170,167 13,550,548 13,868,279 14,148,960 14,484,888 14,819,131 15,172,392 15,555,102 15,947,732 16,350,541 16,763,794 53 Risk Assessment Value 4,645,297 4,373,014 5,295,861 5,257,153 5,457,746 6,376,895 5,757,260 5,660,508 6,010,401 6,256,453 6,469,660 6,600,181 6,733,749 54 55 DEBT SERVICE COVERAGE RATIO 56 Net Revenues (125% of Debt Service)1090%1140%1193%1315%1286%1442%1510%1603%1641%1656%1682%1534%1628%2995%3043%3090% 57 Available Reserves (5x Debt Service)*14.4 13.5 14.0 12.1 10.8 8.0 8.1 8.8 8.9 9.4 9.7 8.8 9.2 17.2 17.5 17.8 58 *For the purposes of debt covenants, the unrestricted reserves of other utilities may be counted toward the available reserves for meeting this measure. A ratio below 5x means that this utility is relying on the reserves of other utilities to meet its debt covenants. ELECTRIC UTILITY FINANCIAL PLAN June 16, 2014 43 | Page APPENDIX B: ELECTRIC UTILITY RESERVES MANAGEMENT PRACTICES (This section includes the proposed amendments to this section. This section will be finalized following Council adoption of the final amended version.) The following reserves management practices are used when developing the Electric Utility Financial Plan: Section 1. Definitions a)“Financial Planning Period” – The Financial Planning Period is the range of future fiscal years covered by the Financial Plan. For example, if the Financial Plan delivered in conjunction with the FY 2015 budget includes projections for FY 2015 to FY 2019, FY 2015 to FY 2019 would be the Financial Planning Period. b)“Fund Balance” – As used in these Reserves Management Practices, Fund Balance refers to the Utility’s Unrestricted Net Assets. c)“Net Assets” - The Government Accounting Standards Board defines a Utility’s Net Assets as the difference between its assets and liabilities. d)“Unrestricted Net Assets” - The portion of the Utility’s Net Assets not invested in capital assets (net of related debt) or restricted for debt service or other restricted purposes. Section 2. Supply Fund Reserves The Electric Supply Fund Balance is reserved for the following purposes: a)For existing contracts, as described in Section 4 (Reserve for Commitments) b)For operating budgets reappropriated from previous years, as described in Section 5 (Reserve for Reappropriations) c)For special projects for the benefit of the Electric Utility ratepayers, as described in Section 6 (Electric Special Projects Reserve) d)For year to year balancing of costs associated with the Electric Utility’s hydroelectric resources, as described in Section 7 (Hydroelectric Stabilization Reserve) e)For rate stabilization, as described in Section 1.d) (Rate Stabilization Reserves) f)For operating contingencies, as described in Section 12 (Operations Reserves) g)Any funds not included in the other reserves will be considered Unassigned Reserves and shall be returned to ratepayers or assigned a specific purpose as described in Section 13 (Unassigned Reserves). Section 3. Distribution Fund Reserves The Electric Distribution Fund Balance is reserved for the following purposes: a)For existing contracts, as described in Section 4 (Reserves for Commitments) b)For operating and capital budgets reappropriated from previous years, as described in Section 5 (Reserves for Reappropriations) c)As an offset to underground loan receivables, as described in Section 8 (Underground Loan Reserve) d)To hold Public Benefit Program funds collected but not yet spent, as described in Section 9 (Public Benefits Reserve) ELECTRIC UTILITY FINANCIAL PLAN June 16, 2014 44 | Page e) For cash flow management and contingencies related to the Electric Utility’s Capital Improvement Program (CIP), as described in Section 10 (CIP Reserve) f) For rate stabilization, as described in Section 1.d) (Rate Stabilization Reserves) g) For operating contingencies, as described in Section 12 (Operations Reserves) h) Any funds not included in the other reserves will be considered Unassigned Reserves and shall be returned to ratepayers or assigned a specific purpose as described in Section 14 (Unassigned Reserves). Section 4. Reserves for Commitments At the end of each fiscal year the Electric Supply Fund and Electric Distribution Fund Reserves for Commitments will be set to an amount equal to the total remaining spending authority for all contracts in force for the Electric Supply Fund and Electric Distribution Fund, respectively, at that time. Section 5. Reserves for Reappropriations At the end of each fiscal year the Electric Supply Fund and Electric Distribution Fund Reserves for Reappropriations will be set to an amount equal to the amount of all remaining capital and non-capital budgets that will be reappropriated to the following fiscal year for each Fund in accordance with Palo Alto Municipal Code Section 2.28.090. Section 6. Electric Special Projects Reserve The Electric Special Projects Reserve (ESP Reserve) will be managed in accordance with the policies and timelines set forth in Resolution 9206 (Resolution of the Council of the City of Palo Alto Approving Renaming the Calaveras Reserve to the Electric Special Project Reserve and Adoption of Electric Special Project Reserve Guidelines). These policies and timelines are included from Resolution 9206 as amended to refer to the reserves structure set forth in these Reserves Management Practices: a) The purpose of the ESP Reserve is to fund projects that benefit electric ratepayers; b) The ESP Reserve funds must be used for projects of significant impact; c) Projects proposed for funding must demonstrate a need and value to electric ratepayers. The projects must have verifiable value and must not be speculative, or high-risk in nature; d) Projects proposed for funding must be substantial in size, requiring funding of at least $1 million; e) The preferred projects to be funded by the ESP Reserve must be identified by end of FY 2015; f) Any uncommitted funds remaining at the end of FY 2020 will be transferred to the Electric Supply Operations Reserve and the ESP Reserve will be closed; and g) Funds may be used for analysis and pilot projects which would be the basis for planned large projects. Section 7. Hydroelectric Stabilization Reserve Supply cost savings and surplus energy sales revenue associated with higher than average generation from hydroelectric resources may be added to the Electric Supply Fund’s Hydroelectric Stabilization Reserve by action of the City Council and held to offset higher ELECTRIC UTILITY FINANCIAL PLAN June 16, 2014 45 | Page commodity supply costs during years of lower than average generation. Withdrawal of funds from the Hydroelectric Stabilization Reserve requires action by the City Council. Section 8. Underground Loan Reserve At the end of each fiscal year, the Underground Loan Reserve will be adjusted by the principal payments made against outstanding underground loans. Section 9. Public Benefits Reserve The Public Benefits Reserve will be increased by the amount of unspent Public Benefits Revenues remaining at the end of each fiscal year. Expenditure of these funds requires action by the City Council. Section 10. CIP Reserve The CIP Reserve is used to manage cash flow for capital projects and acts as a reserve for capital contingencies. Staff will manage the CIP Reserve according to the following practices: a)The following guideline levels are set forth for the CIP Reserve. These guideline levels are calculated for each fiscal year of the Financial Planning Period based on the levels of CIP expense budgeted for that year. Minimum Level 60 days of budgeted CIP expense Maximum Level 120 days of budgeted CIP expense b)Changes in Reserves: Staff is authorized to transfer funds between the CIP Reserve and the Reserve for Commitments when funds are added to or removed from the Reserve for Commitments as a result of a change in contractual commitments related to CIP projects. Any other additions to or withdrawals from the CIP reserve require Council action. c)Minimum Level: i)Funds held in the Reserve for Commitments may be counted as part of the CIP Reserve for the purpose of determining compliance with the CIP Reserve minimum guideline level. ii)If, at the end of any fiscal year, the minimum guideline is not met, staff shall present a plan to the City Council to replenish the reserve. The plan shall be delivered by the end of the following fiscal year, and shall, at a minimum, result in the reserve reaching its minimum level by the end of the next fiscal year. For example, if the CIP Reserve is below its minimum level at the end of FY 2017, staff must present a plan by June 30, 2018 to return the reserve to its minimum level by June 30, 2019. In addition, staff may present, and the Council may adopt, an alternative plan that takes longer than one year to replenish the reserve, or that does so in a shorter period of time. d)Maximum Level: If, at any time, the CIP Reserve reaches its maximum level, no funds may be added to this reserve. If there are funds in this reserve in excess of the maximum level staff must propose to transfer these funds to another reserve or return them to ratepayers in the next Financial Plan. Staff may also seek City Council to ELECTRIC UTILITY FINANCIAL PLAN June 16, 2014 46 | Page approve holding funds in this reserve in excess of the maximum level if they are held for a specific future purpose related to the CIP. Section 11. Rate Stabilization Reserves Funds may be added to the Electric Supply or Distribution Fund’s Rate Stabilization Reserves by action of the City Council and held to manage the trajectory of future year rate increases. Withdrawal of funds from either Rate Stabilization Reserve requires action by the City Council. If there are funds in either Rate Stabilization Reserve at the end of any fiscal year, any subsequent Electric Utility Financial Plan must result in the withdrawal of all funds from this Reserve by the end of the Financial Planning Period. Section 12. Operations Reserves The Electric Supply Fund and Electric Distribution Fund Operations Reserves are used to manage normal variations in the costs of providing electric service and as a reserve for contingencies. Any portion of the Electric Utility’s Fund Balance not included in the reserves described in Section 4 to d) above will be included in the appropriate Operations Reserve unless the reserve has reached its maximum level as set forth in Section 12 (e) below. Staff will manage the Operations Reserves according to the following practices: a) The following guideline levels are set forth for the Electric Supply Fund Operations Reserve. These guideline levels are calculated for each fiscal year of the Financial Planning Period based on the levels of Operations and Maintenance (O&M) and commodity expense forecasted for that year in the Financial Plan. Minimum Level 60 days of Supply Fund O&M and commodity expense Target Level 90 days of Supply Fund O&M and commodity expense Maximum Level 120 days of Supply Fund O&M and commodity expense b) The following guideline levels are set forth for the Electric Distribution Fund Operations Reserve. These guideline levels are calculated for each fiscal year of the Financial Planning Period based on the levels of O&M expense forecasted for that year in the Financial Plan. Minimum Level 60 days of Distribution Fund O&M expense Target Level 90 days of Distribution Fund O&M expense Maximum Level 120 days of Distribution Fund O&M expense c) Minimum Level: If, at the end of any fiscal year, the funds remaining in the Supply Fund or Distribution Fund’s Operations Reserve are lower than the minimum level set forth above, staff shall present a plan to the City Council to replenish the reserve. The plan shall be delivered within six months of the end of the fiscal year, and shall, at a minimum, result in the reserve reaching its minimum level by the end of the following fiscal year. For example, if the Operations Reserve is below its minimum level at the end of FY 2014, staff must present a plan by December 31, 2014 to return the reserve to its minimum level by June 30, 2015. In addition, staff may present an alternative plan that takes longer than one year to replenish the reserve. d) Target Level: If, at the end of any fiscal year, either Operations Reserve is higher or lower than the target level, any Financial Plan created for the Electric Utility shall be ELECTRIC UTILITY FINANCIAL PLAN June 16, 2014 47 | Page designed to return both Operations Reserves to their target levels by the end of the forecast period. e)Maximum Level: If, at any time, either Operations Reserve reaches its maximum level, no funds may be added to this Reserve. Any further increase in that fund’s Fund Balance shall be automatically included in the Unassigned Reserve described in Section 13, below. Section 13. Unassigned Reserves If the Operations Reserve in either the Electric Supply Fund or the Electric Distribution Fund reaches its maximum level, any further additions to that fund’s Fund Balance will be held in the Unassigned Reserve. If there are any funds in either Unassigned Reserve at the end of any fiscal year, the next Financial Plan presented to the City Council must include a plan to assign them to a specific purpose or return them to the Electric Utility ratepayers by the end of the first fiscal year of the next Financial Planning Period. For example, if there were funds in the Unassigned Reserves at the end of FY 2016, and the next Financial Planning Period is FY 2017 through FY 2021, the Financial Plan shall include a plan to return or assign the funds in the Unassigned Reserve by the end of FY 2017. Staff may present an alternative plan that retains these funds or returns them over a longer period of time. Section 14. Intra-Utility Transfers between Supply and Distribution Funds Transfers between Electric Distribution Fund Reserves and Electric Supply Fund Reserves are permitted if consistent with the purposes of the two reserves involved in the transfer. Such transfers require action by the City Council. ELECTRIC UTILITY FINANCIAL PLAN June 16, 2014 48 | Page APPENDIX C: DESCRIPTION OF ELECTRIC UTILITY OPERATIONAL ACTIVITIES This appendix describes the activities associated with the various cost categories referred to in this Financial Plan. Customer Service: This category includes the Electric Utility’s share of the call center, meter reading, collections, and billing support functions. Billing support encompasses staff time associated with bill investigations and quality control on certain aspects of the billing process. It does not include maintenance of the billing system itself, which is included in Administration. This category also includes CPAU’s key account representatives, who work with large commercial customers who have more complex requirements for their electric services. Resource Management: This category includes supply portfolio management, energy procurement, rate setting, and tracking of legislation and regulation related to the electric industry. Operations and Maintenance: This category includes the costs of a variety of distribution system maintenance activities, including: •monitoring the substations and performing routine maintenance; •performing preventative maintenance on the system; •monitoring the system’s status from the UCC using SCADA; •maintaining the SCADA system; •investigating outages and other customer complaints and performing emergency repairs; •clearing vegetation near overhead power lines; and •testing and replacing meters to ensure accurate sales metering. Administration: Accounting, purchasing, legal, and other administrative functions provided by the City’s General Fund staff, as well as shared communications services, Utilities Department administrative overhead and billing system maintenance costs. Demand Side Management: Includes the cost of administering energy efficiency programs and the direct cost of rebates paid. Includes solar rebates. Engineering (Operating): The Electric Utility’s engineers focus primarily on the CIP, but a small portion of their time is spent assisting with distribution system maintenance. APPENDIX D: SAMPLES OF RECENT ELECTRIC UTILITY OUTREACH COMMUNICATIONS 570 Kirkland Way, Suite 100 Kirkland, Washington 98033 Telephone: 425 889-700 Facsimile: 425 889-2725 A registered professional engineering corporation with offices in Kirkland, WA and Portland, OR March 29, 2017 TO: Jon Abendschein, City of Palo Alto Eric Keniston, City of Palo Alto FROM: Anne Falcon, EES Consulting SUBJECT: 2017 COSA Model and Rate Design Update Introduction The City’s COSA and Rate Design models consist of four components: a FERC Account Model that translates the City’s budget accounts, a Cost of Service (COS) model that allocates the budgeted costs to customer classes, a Lighting and Traffic Signal COS and Rate Model that allocates costs to lighting and traffic signal customers, and a Rate Design Model that generates the rates for all other customer classes. As part of the annual budget process, the FERC Account Model, Electric COS Model, Lighting and Traffic Signal Model, and Rate Design models were updated for the FY 2018 budget year. This update included updating financial and load data as well as reviewing other inputs that impact the City of Palo Alto’s cost of providing electric service. The underlying methodology of the COSA was not changed. rather EES assisted the City of Palo Alto with updating the inputs to the existing methodology to reflect FY 2018 sales and budget projections, and streamline one rate schedule to remove redundancies (e.g. removing rate schedule E-18). Summary of Updates As part of the update, the City staff provided updated budget and load forecasts for the years FY 2018 through FY 2020. After reviewing the budget data, the revenue requirement and load forecast in the FERC Account Model and COSA model were updated based on the projected FY 2018 budget. Projected revenues from current rates were forecast for each rate schedule based on the updated load data staff provided. Rate schedule 18 (Municipal Electric Service) was removed as customers historically in that rate schedule have been reclassified, as of July 2017to Rate Schedule E-4 (Medium Commercial Electric Service) and E-7 (Large Commercial Electric Service), to more accurately reflect the costs of serving municipal customers. ATTACHMENT C MEMORANDUM TO Jon Abendschein & Eric Keniston March 29, 2017 Page 2 The Lighting and Traffic Signal Model was updated with FY 2018 transmission and distribution Operation and Maintenance costs, power supply costs and total overhead costs. This model determines the total cost of service for the street lighting and traffic lighting rate classes based on individual bulb type and O&M requirements. This model was then used to determine the costs associated with providing service to the traffic light rate customers only. The share of costs associated with traffic lights service will collected as a transfer from the City’s General Fund to its Electric Utility and is reflected in the Electric COSA model under “Other Revenues”. The final model update was the rate design model. This model takes the updated COS Model cost allocation results by rate class and develops rates for each class that meet the allocated revenue requirement for each rate class. The updates included updated FY 2018 allocated costs, updated seasonal power cost splits, updated billing data (such as load in each residential rate tier, Non-Coincident Peaks and energy consumption) and Time of Use (TOU) marginal costs. Using the same methodology that was developed in 2016, the following rates were updated: • E-1: Tier 1 and Tier 2 Energy charges, minimum bill and PBC • E-1 TOU: TOU energy rates by period and season • E-2: Energy by season, minimum bill and PBC • E-4: Energy and demand by season, minimum bill and PBC • E-4 TOU: TOU energy and demand rates by period and season • E-7: Energy and demand rates by season, minimum bill and PBC • E-7 TOU: TOU energy and demand rates by period and season An updated rate comparison is provided below. Summary of Results The following provide the updated rates compared to current rates: Residential Energy Rates Existing ($/kWh) New ($/kWh) Percent Change Tier 1 $0.11029 $0.12159 10.2% Tier 2 $0.16901 $0.19001 12.4% MEMORANDUM TO Jon Abendschein & Eric Keniston March 29, 2017 Page 3 Please let me know if you have any questions. Commercial Existing Rates Demand ($/kW)Energy ($/kWh) Summer Winter Summer Winter E-2 $0.16845 $0.11445 E-4 $19.68 $14.04 $0.10229 $0.08049 E-7 $18.34 $15.65 $0.08749 $0.06242 Commercial New Rates Demand ($/kW)Energy ($/kWh) Summer Winter Summer Winter E-2 $0.18885 $0.13267 E-4 $21.05 $15.36 $0.11673 $0.08890 E-7 $23.84 $15.59 $0.09802 $0.07188 Difference (%) Demand Energy Summer Winter Summer Winter E-2 12.1%15.9% E-4 7.0%9.4%14.1%10.5% E-7 30.0%-0.4%12.0%15.1% Attachment D Not Yet Approved 170329 jb 6053934 1 Resolution No. ____ Resolution of the Council of the City of Palo Alto Adopting an Electric Rate Increase and Amending Rate Schedules E-1 (Residential Electric Service), E-2 (Small Commercial Electric Service), E-2-G (Small Commercial Green Power Electric Service), E-4 (Medium Commercial Electric Service), E-4-G (Medium Commercial Green Power Electric Service), E-4 TOU (Medium Commercial Time of Use Electric Service), E 7 (Large Commercial Electric Service), E-7-G (Large Commercial Green Power Electric Service), E-7 TOU (Large Commercial Time of Use Electric Service), and E-14 (Street Lights) R E C I T A L S A. Pursuant to Chapter 12.20.010 of the Palo Alto Municipal Code, the Council of the City of Palo Alto may by resolution adopt rules and regulations governing utility services, fees and charges. The Council of the City of Palo Alto hereby RESOLVES as follows: SECTION 1. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-1 (Residential Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-1, as amended, shall become effective July 1, 2017. SECTION 2. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-2 (Small Commercial Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-2, as amended, shall become effective July 1, 2017. SECTION 3. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-2-G (Small Commercial Green Power Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-2-G, as amended, shall become effective July 1, 2017. SECTION 4. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-4 (Medium Commercial Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-4, as amended, shall become effective July 1, 2017. SECTION 5. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-4-G (Medium Commercial Green Power Electric Service) is hereby amended to Attachment D Not Yet Approved 170329 jb 6053934 2 read as attached and incorporated. Utility Rate Schedule E-4-G, as amended, shall become effective July 1, 2017. SECTION 6. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-4 TOU (Medium Commercial Time of Use Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-4 TOU, as amended, shall become effective July 1, 2017. SECTION 7. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-7 (Large Commercial Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-7, as amended, shall become effective July 1, 2017. SECTION 8. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-7-G (Large Commercial Green Power Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-7-G, as amended, shall become effective July 1, 2017. SECTION 9. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-7 TOU (Large Commercial Time of Use Electric Service) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-7 TOU, as amended, shall become effective July 1, 2017. SECTION 10. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule E-14 (Street Lights) is hereby amended to read as attached and incorporated. Utility Rate Schedule E-14, as amended, shall become effective July 1, 2017. SECTION 11. The Council makes the following findings: a. The revenue derived from the adoption of this resolution shall be used only for the purpose set forth in Article VII, Section 2, of the Charter of the City of Palo Alto. b. The fees and charges adopted by this resolution are charges imposed for a specific government service or product provided directly to the payor that are not provided to those not charged, and do not exceed the reasonable costs to the City of providing the service or product. c. The adoption of this resolution changing electric rates to meet operating expenses, purchase supplies and materials, meet financial reserve needs and obtain funds for capital improvements necessary to maintain service is not subject to the California Attachment D Not Yet Approved 170329 jb 6053934 3 Environmental Quality Act (CEQA), pursuant to California Public Resources Code Sec. 21080(b)(8) and Title 14 of the California Code of Regulations Sec. 15273(a). After reviewing the staff report and all attachments presented to Council, the Council incorporates these documents herein and finds that sufficient evidence has been presented setting forth with specificity the basis for this claim of CEQA exemption. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: ___________________________ ___________________________ City Clerk Mayor APPROVED AS TO FORM: APPROVED: ___________________________ ___________________________ Senior Deputy City Attorney City Manager ___________________________ Director of Utilities ___________________________ Director of Administrative Services RESIDENTIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-1 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-1-1 dated 7-1-201609 Sheet No E-1-1 A. APPLICABILITY: This schedule applies to separately metered single-family residential dwellings receiving retail energy services from the City of Palo Alto Utilities. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides electric service. C. UNBUNDLED RATES: Per kilowatt-hour (kWh) Commodity Distribution Public Benefits Total Tier 1 usage $0.06605883 $0.05164795 $0.0039151 $0.1102912159 Tier 2 usage Any usage over Tier 1 0.1125309728 0.0682207358 0.0039151 0.169001 Minimum Bill ($/day) 0.30672938 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a customer’s billstatement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Calculation of Usage Tiers Tier 1 electricity usage shall be calculated and billed based upon a level of 11 kWh perday, prorated by meter reading days of service. As an example, for a 30-day bill, the Tier1 level would be 330 kWh. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. {End} ATTACHMENT E RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIALCOMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-2-1 dated 7-1-201609 Sheet No E-2-1 A. APPLICABILITY: This schedule applies to non-demand metered electric service for small non-residentialcommercial customers and master-metered multi-family facilities. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides electric service. C. UNBUNDLED RATES: Per kilowatt-hour (kWh) Commodity Distribution Public Benefits Total Summer Period $0.1059109094 $0.0740007903 $0.0039151 $0.1684518885 Winter Period 0.0641707520 0.0467705356 0.0039151 0.132671445 Minimum Bill ($/day) 0.7328657 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use in both the Summer and the Winter Periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIALCOMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-2-2 dated 7-1-201609 Sheet No E-2-2 3. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kWh for three consecutive months, a maximum demand meter will be installed as promptly as is practicable and thereafter continued in service until the monthly use of energy has fallen below 6,000 kWh for twelve consecutive months, whereupon, at the option of the City, it may be removed. The maximum demand in any month will be the maximum average power in kilowatts taken during any 15-minute interval in the month provided that if in case the Customer’s load is intermittent or subject to violent fluctuations, the City may use a 5-minute interval. A thermal-type demand meter which does not reset after a definite time interval may be used at the City's option. The billing demand to be used in computing charges under this schedule will be the actual maximum demand in kilowatts for the current month. An exception is that the billing demand for customers with Thermal Energy Storage (TES) will be based upon the actual maximum demand of such customers between the hours of noon and 6 pm on weekdays. {End} RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIALCOMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-2-1 dated 7-1-201609 Sheet No E-2-1 RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIALCOMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-2-G-1 dated 7-1-20164 Sheet No E-2-G-1 A. APPLICABILITY: This schedule applies to the following Customers receiving Electric Service from the City of Palo Alto Utilities under the Palo Alto Green Program: 1. Small non-residentialcommercial Customers receiving Non-Demand Metered electric service; and 2. Customers with accounts at Master-metered multi-family facilities. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: 1. 100% Renewable Option: Per kilowatt-hour (kWh) Commodity Distribution Public Benefits Palo Alto Green Charge Total Summer Period $0.10591090 94 $0.07903400 $0.003915 1 $0.0020 $0.170451 9085 Winter Period 0.075206417 0.053564677 0.0035191 0.0020 $0.116451 3467 Minimum Bill ($/day) 0.7328657 2. 1000 kWh Block Purchase Option: Per kilowatt-hour (kWh) Commodity Distribution Public Benefits Total Summer Period $0.09094105 91 $0.07903074 00 $0.003915 1 $0.168451 8885 Winter Period 0.0641707520 0.053564677 0.0039151 0.1144513467 RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIALCOMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-2-G-2 dated 7-1-20164 Sheet No E-2-G-2 Minimum Bill ($/day) 0.7328657 Palo Alto Green Charge (per 1000 kWh block) $2.00 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use in both the Summer and Winter Periods, usage will be prorated based upon the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Palo Alto Green Program Description and Participation Palo Alto Green provides for either the purchase of enough renewable energy credits (RECs) to match 100% of the energy usage at the facility every month, or for the purchase of 1000 kilowatt-hour (kWh) blocks. These REC purchases support the production of renewable energy, increase the financial value of power from renewable sources, and create a transparent and sustainable market that encourages new development of wind and solar power. Customers choosing to participate shall fill out a Palo Alto Green Power Program application provided by the Customer Service Center. Customers may request at any time, in writing, a change to the number of blocks they wish to purchase under the Palo Alto Green Program. RESIDENTIAL MASTER-METERED AND SMALL NON-RESIDENTIALCOMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-2-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-2-G-3 dated 7-1-20164 Sheet No E-2-G-3 4. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kWh for three consecutive months, a maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in service until the monthly use of energy has fallen below 6,000 kWh for twelve consecutive months, whereupon, at the option of the City, it may be removed. The maximum Demand in any month will be the maximum average power in kilowatts taken during any 15-minute interval in the month, provided that ifin case the Customer-s load is intermittent or subject to violent fluctuations, the City may use a 5-minute interval. A thermal-type Demand Meter which does not reset after a definite time interval may be used at the City's option. The billing Demand to be used in computing charges under this schedule will be the actual maximum Demand in kilowatts for the current month. An exception is that the billing Demand for Customers with Thermal Energy Storage (TES) will be based upon the actual maximum Demand of such Customers between the hours of noon and 6 pm on weekdays. {End} MEDIUM NON-RESIDENTIALCOMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-1 dated 27-51-20136 Sheet No E-4-1 A. APPLICABILITY: This schedule applies to Demand metered secondary Electric Service for customers with a Maximum Demand below 1,000 kilowatts. This schedule applies to three-phase Electric Service and may include Service to master-metered multi-family facilities or other facilities requiring Demand-metered services, as determined by the City. B. TERRITORY: This rate schedule applies anywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: Rates per kilowatt (kW) and kilowatt-hour (kWh): Commodity Distribution Public Benefits Total Summer Period Demand Charge (per kW) $2.533.38 $17.1467 $19.6821.05 Energy Charge (per kWh) 0.0821809526 0.0166101756 0.0035100391 0.1022911673 Winter Period Demand Charge (per kW) $1.9355 $12.4913.43 $14.0415.36 Energy Charge (per kWh) 0.0603706743 0.016610176 0.0035100391 0.0804908890 Minimum Bill ($/day) 16.321614.8414 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. MEDIUM NON-RESIDENTIALCOMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-2 dated 27-51-20136 Sheet No E-4-2 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use both in the Summer and the Winter Periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kWh for three consecutive months, a Maximum Demand meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has fallen below 6,000 kWh for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Maximum Demand in any month will be the maximum average power in kilowatts taken during any 15-minute interval in the month, provided that if in case the Customer-s load is intermittent or subject to violent fluctuations, the City may use a 5-minute interval. A thermal-type Demand meter which does not reset after a definite time interval may be used at the City's option. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts for the current month. An exception is that the Billing Demand for customers with Thermal Energy Storage (TES) will be based upon the actual Maximum Demand of such customers between the hours of noon and 6 pm on weekdays. 4. Power Factor For new or existing customers whose Demand is expected to exceed or has exceeded 300 kilowatts for three consecutive months, the City has the option of installing applicable metering to calculate a Power Factor. The City may remove such metering from the Service of a customer whose Demand has been below 200 kilowatts for four consecutive months. MEDIUM NON-RESIDENTIALCOMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-3 dated 27-51-20136 Sheet No E-4-3 When such metering is installed, the monthly Electric bill will include a “Power Factor Adjustment”, if applicable. The adjustment will be applied to a customer’s bill prior to the computation of any primary voltage discount. The Power Factor Adjustment is applied by increasing the total energy and Demand charges for any month by 0.25 percent (0.25%) for each one percent (1%) that the monthly Power Factor of the customer’s load was less than 95%. The monthly Power Factor is the average Power Factor based on the ratio of kilowatt hours to kilovolt-ampere hours consumed during the month. Where time-of-day metering is installed, the monthly Power Factor shall be the Power Factor coincident with the customer's Maximum Demand. 5. Changing Rate Schedules Customers may request a rate schedule change at any time to any City of Palo Alto full-service rate schedule as is applicable to their kilowatt-Demand and kilowatt-hour usage profile. 6. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2 1/2 percent for available line voltages above 2 kilovolts will be offered,allowed provided but the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the customer's electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any customer receiving a the discount in this sectionhereunder and affected by such change. The customer then has the option to change his system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 7. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(7)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue meter and that occasionally require backup power from the City due to non-operation of the non- MEDIUM NON-RESIDENTIALCOMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-4 dated 27-51-20136 Sheet No E-4-4 utility generation source. b. Standby Charges: Commodity Distribution Total Standby Charge (per kW of Reserved Capacity) Summer Period $0.69 $15.23 $15.92 Winter Period $0.63 $9.04 $9.67 c. Meters. A separate meter is required for each non-utility generation source. d. Calculation of Maximum Demand Credit. (1) In the event the Customer’s Maximum Demand (as defined in Section D.3) occurs when one or more of the non-utility generators on the Customer’s side of the City’s revenue meter are not operating, the Maximum Demand will be reduced by the sum of the Maximum Generation of those non-utility generators, but in no event shall the Customer’s Maximum Demand be reduced below zero. (2) If the non-utility generation source does not operate for an entire billing cycle, the standby charge does not apply and the Customer shall not receive the Maximum Demand credit described in this Section. e. Exemptions. (1) The standby charge shall not apply to backup generators designed to operate only in the event of an interruption in utility Service and which are not used to offset Customer electricity purchases. (2) The standby charge shall not apply if the Customer meets the definition of an “Eligible Customer-generator” as defined in California Public Utilities Code Section 2827(b)(4), as amended. (3) The applicability of these exemptions shall be determined at the discretion of the Utilities Director. MEDIUM NON-RESIDENTIALCOMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-5 dated 27-51-20136 Sheet No E-4-5 {End} MEDIUM NON-RESIDENTIALCOMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-G-1 dated 7-1-20164 Sheet No E-4-G-1 A. APPLICABILITY: This schedule applies to Demand Metered Secondary Electric Service for Customers with a Maximum Demand below 1,000 kilowatts (kW) who receive power under the Palo Alto Green Program. This schedule applies to three-phase Electric Service and may include Service to Master-metered multi-family facilities or other facilities requiring Demand-Metered Services, as determined by the City. B. TERRITORY: The rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: 1. 100% Renewable Option: Commodity Distribution Public Benefits Palo Alto Green Charge Total Summer Period Demand Charge (per kW) $2.533.38 $17.6714 $19.6821.05 Energy Charge (per kWh) 0.0821809526 0.01756661 0.0039151 0.0020 0.118730429 Winter Period Demand Charge (per kW) $1.5593 $12.4913.43 $15.3614.04 Energy Charge (per kWh) 0.0603706743 0.01756661 0.0039151 0.0020 0.090908249 Minimum Bill ($/day) 16.321614.8414 MEDIUM NON-RESIDENTIALCOMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-G-2 dated 7-1-20164 Sheet No E-4-G-2 2. 1000 kWh Block Purchase Option: Commodity Distribution Public Benefits Total Summer Period Demand Charge (per kW) $3.382.53 $17.6714 $21.0519.68 Energy Charge (per kWh) 0.095268218 0.01756661 0.0039151 0.116730229 Palo Alto Green Charge (per 1000 kWh block) $2.00 Winter Period Demand Charge (per kW) $1.9355 $12.4913.43 $15.3614.04 Energy Charge (per kWh) 0.06743037 0.01756661 0.0039151 0.08890049 Palo Alto Green Charge (per 1000 kWh block) $2.00 Minimum Bill ($/day) 14.841416.3216 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges, and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use both in the Summer and the Winter Periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three consecutive months, a Maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has dropped below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the MEDIUM NON-RESIDENTIALCOMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-G-3 dated 7-1-20164 Sheet No E-4-G-3 option of the City, it may be removed. The Maximum Demand in any month will be the maximum average power in kilowatts taken during any 15-minute interval in the month, provided that in case if the Customer’s load is intermittent or subject to violent fluctuations, the City may use a 5-minute interval. A thermal-type Demand Meter, which does not reset after a definite time interval, may be used at the City's option. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts for the current month. An exception is that the Billing Demand for Customers with Thermal Energy Storage (TES) will be based upon the actual Maximum Demand of such Customers between the hours of noon and 6 PM on weekdays. 4. Power Factor For new or existing Customers whose Demand is expected to exceed or has exceeded 300 kilowatts for three consecutive months, the City has the option of installing applicable Metering to calculate a Power Factor. The City may remove such Metering from the Service of a Customer whose Demand has dropped below 200 kilowatts for four consecutive months. When such Metering is installed, the monthly Electric bill will include a “Power Factor Adjustment”, if applicable. The adjustment will be applied to a Customer’s bill prior to the computation of any primary voltage discount. The Power Factor Adjustment is applied by increasing the total energy and Demand charges for any month by 0.25 percent or (1/4) for each one percent (1%) that the monthly Power Factor of the Customer’s load was less than 95%. The monthly Power Factor is the average Power Factor based on the ratio of kilowatt- hours to kilovolt-ampere hours consumed during the month. Where time-of-day Metering is installed, the monthly Power Factor shall be the Power Factor coincident with the Customer's Maximum Demand. 5. Changing Rate Schedules Customers may request a rate schedule change at any time to any applicable full-service rate schedule as is applicable to their kilowatt-Demand and kilowatt-hour usage profile. MEDIUM NON-RESIDENTIALCOMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-G-4 dated 7-1-20164 Sheet No E-4-G-4 6. Palo Alto Green Program Description and Participation Palo Alto Green provides for either the purchase of enough renewable energy credits (RECs) to match 100% of the energy usage at the facility every month, or for the purchase of 1000 kilowatt-hour (kWh) blocks. These REC purchases support the production of renewable energy, increase the financial value of power from renewal sources, and creates a transparent and sustainable market that encourages new development of wind and solar. Customers choosing to participate shall fill out a Palo Alto Green Power Program application provided by the Customer Service Center. Customers may request at any time, in writing, a change to the number of blocks they wish to purchase under the Palo Alto Green Program. 7. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2.5 percent for available line voltages above 2 kilovolts will be offered,allowed provided but the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving a the discount in this sectionhereunder and affected by such change. The Customer then has the option to change the system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 8. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(8)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue Meter and that occasionally require backup power from the City due to non-operation of the non-utility generation source. MEDIUM NON-RESIDENTIALCOMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-4-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-G-5 dated 7-1-20164 Sheet No E-4-G-5 b. Standby Charges: Commodity Distribution Total Standby Charge (per kW of Reserved Capacity) Summer Period $0.69 $15.23 $15.92 Winter Period $0.63 $9.04 $9.67 c. Meters: A separate Meter is required for each non-utility generation source. d. Calculation of Maximum Demand Credit: (1) In the event the Customer’s Maximum Demand (as defined in Section D.3) occurs when one or more of the non-utility generators on the Customer’s side of the City’s revenue Meter are not operating, the Maximum Demand will be reduced by the sum of the Maximum Generation of those non-utility generators, but in no event shall the Customer’s Maximum Demand be reduced below zero. (2) If the non-utility generation source does not operate for an entire billing cycle, the standby charge does not apply and the Customer shall not receive the Maximum Demand credit described in this Section. e. Exemptions: (1) The standby charge shall not apply to backup generators designed to operate only in the event of an interruption in utility Service and which are not used to offset Customer electricity purchases. (2) The standby charge shall not apply if the Customer meets the definition of an “Eligible Customer-generator” as defined in California Public Utilities Code Section 2827(b)(4), as amended. (3) The applicability of these exemptions shall be determined at the discretion of the Utilities Director. {End} MEDIUM NON-RESIDENTIALCOMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-TOU-1 dated 27-51-20136 Sheet No E-4-TOU-1 A. APPLICABILITY: This voluntary rate schedule applies to Demand metered secondary Electric Service for customers with Demand between 500 and 1,000 kilowatts per month and who have sustained this level of usage for at least three consecutive months during the most recent 12 month period. This schedule applies to three-phase Electric Service and may include Service to master-metered multi-family facilities or other facilities requiring Demand-metered services, as determined by the City. In addition, this rate schedule is applicable for customers who did not pay Power Factor Adjustments during the last 12 months. B. TERRITORY: This rate schedule applies anywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: Rates per kilowatt (kW) and kilowatt-hour (kWh): Commodity Distribution Public Benefits Total Summer Period Demand Charge (per kW) Peak $2.121.52 $6.095.91 $8.217.42 Mid-Peak 0.6654 6.095.91 6.7644 Off-Peak 0.6654 6.095.91 6.7644 Energy Charge (per kWh) Peak $0.1014408819 $0.01756661 $0.0039151 $0.122910830 Mid-Peak 0.098358367 0.01756661 0.0039151 0.119820378 Off-Peak 0.087487332 0.01756661 0.0039151 0.1089509344 Winter Period Demand Charge (per kW) Peak $1.070.87 $7.496.96 $8.567.83 Off-Peak 1.070.87 7.496.96 8.567.83 MEDIUM NON-RESIDENTIALCOMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-TOU-2 dated 27-51-20136 Sheet No E-4-TOU-2 Commodity Distribution Public Benefits Total Energy Charge (per kWh) Peak $0.081646566 $0.01756661 $0.0039151 $0.1031108577 Off-Peak 0.057386167 0.01756661 $0.0039151 0.078858178 Minimum Bill ($/day) 16.321614.8414 D. SPECIAL NOTES: 1. Calculation of Cost Components The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Definition of Time Periods SUMMER PERIOD (Service from May 1 to October 31): Peak: 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) Mid Peak: 8:00 a.m. to 12:00 noon Monday through Friday (except holidays) 6:00 p.m. to 9:00 p.m. Off-Peak: 9:00 p.m. to 8:00 a.m. Monday through Friday (except holidays) All day Saturday, Sunday, and holidays WINTER PERIOD (Service from November 1 to April 30): Peak: 8:00 a.m. to 9:00 p.m. Monday through Friday (except holidays) Off-Peak: 9:00 p.m. to 8:00 a.m. Monday through Friday (except holidays) All day Saturday, Sunday, and holidays HOLIDAYS: “Holidays” for the purposes of this rate schedule are New Years Day, President’s Day, Memorial Day, Independence Day, Labor Day, Veterans Day, Thanksgiving Day, and Christmas Day. The dates will be those on which the holidays are legally observed. MEDIUM NON-RESIDENTIALCOMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-TOU-3 dated 27-51-20136 Sheet No E-4-TOU-3 SEASONAL RATE CHANGES: When the billing period includes use in both the Summer and the Winter periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein.. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three consecutive months, a Demand meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has fallen below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts taken during any 15-minute interval in each of the designated Time periods as defined under Section D.2. 4. Power Factor Adjustment Time of Use customers must not have had a Power Factor Adjustment assessed on their Service for at least 12 months. Power factor is calculated based on the ratio of kilowatt hours to kilovolt-ampere hours consumed during the month, and must not have fallen below 95% to avoid the Power Factor Adjustment. Should the City of Palo Alto Utilities Department find that the Customer’s Service should be subject to Power Factor Adjustments, the Customer will be removed from the E-4- TOU rate schedule and placed on another applicable rate schedule as is suitable to their kilowatt Demand and kilowatt-hour usage. 5. Changing Rate Schedules Customers electing to be served under E-4 TOU must remain on said schedule for a minimum of 12 months. Should the Customer so wish, at the end of 12 months, the Customer may request a rate schedule change to any applicable City of Palo Alto full- service rate schedule as is suitable to their kilowatt Demand and kilowatt-hour usage. 6. Primary Voltage Discount MEDIUM NON-RESIDENTIALCOMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-TOU-4 dated 27-51-20136 Sheet No E-4-TOU-4 Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2 1/2 percent for available line voltages above 2 kilovolts will be offered,allowed provided but the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's electrical requirements, as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving a the discount in this sectionhereunder and affected by such change. The Customer then has the option to change his system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 7. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(7)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue meter and that occasionally require backup power from the City due to non-operation of the non- utility generation source. b. Standby Charges: Commodity Distribution Total Standby Charge (per kW of Reserved Capacity) Summer Period $0.69 $15.23 $15.92 Winter Period $0.63 $9.04 $9.67 c. Meters. A separate meter is required for each non-utility generation source. d. Calculation of Maximum Demand Credit. (1) In the event the Customer’s Maximum Demand occurs when one or more of the non-utility generators on the Customer’s side of the City’s revenue meter are not operating, the Maximum Demand will be reduced by the sum of the Maximum Generation of those non-utility generators, but in no event shall the Customer’s Maximum Demand be reduced below zero. (2) If the non-utility generation source does not operate for an entire billing MEDIUM NON-RESIDENTIALCOMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-4 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-4-TOU-5 dated 27-51-20136 Sheet No E-4-TOU-5 cycle, the standby charge does not apply and the Customer shall not receive the Maximum Demand credit described in this Section. e. Exemptions. (1) The standby charge shall not apply to backup generators designed to operate only in the event of an interruption in utility Service and which are not used to offset Customer electricity purchases. (2) The standby charge shall not apply if the Customer meets the definition of an “Eligible Customer-generator” as defined in California Public Utilities Code Section 2827(b)(4), as amended. (3) The applicability of these exemptions shall be determined at the discretion of the Utilities Director. {End} LARGE NON-RESIDENTIALCOMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-7-1 dated 27-51-20163 Sheet No E-7-1 A. APPLICABILITY: This schedule applies to Demand metered secondary Service for non-residentialcommercial Customers with a Maximum Demand of at least 1,000KW per month per site, who have sustained this Demand level at least 3 consecutive months during the last twelve months. B. TERRITORY: This rate schedule applies anywhere the City of Palo Alto provides Electric Service. C. RATES: Rates per kilowatt (kW) and kilowatt-hour (kWh): Commodity Distribution Public Benefits Total Summer Period Demand Charge (kW) $3.492.50 $20.3515.85 $23.8418.34 Energy Charge (kWh) 0.093538311 0.0005887 0.0039151 0.098028749 Winter Period Demand Charge (kW) $1.9053 $13.6914.11 $15.5965 Energy Charge (kWh) 0.067395804 0.0005887 0.0039151 0.071886242 Minimum Bill ($/day) 42.364848.5054 D. SPECIAL NOTES: 1. Calculation of Charges The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. LARGE NON-RESIDENTIALCOMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-7-2 dated 27-51-20163 Sheet No E-7-2 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use both in the summer and in the winter periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Request for Service Qualifying Customers may request Service under this schedule for more than one account or one meter if the accounts are on one site. A site shall be defined as one or more utility accounts serving contiguous parcels of land with no intervening public right-of-ways (e.g. streets) and have a common billing address. 4. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three consecutive months, a Maximum Demand meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has fallen below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Maximum Demand in any month will be the maximum average power in kilowatts taken during any 15-minute interval in the month provided that in case if the Customer’s load is intermittent or subject to violent fluctuations, the City may use a 5-minute interval. A thermal-type Demand meter which does not reset after a definite time interval may be used at the City's option. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts for the current month. An exception is that the Billing Demand for Customers with Thermal Energy Storage (TES) will be based upon the actual Maximum Demand of such Customers between the hours of noon and 6 pm on weekdays. LARGE NON-RESIDENTIALCOMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-7-3 dated 27-51-20163 Sheet No E-7-3 5. Power Factor For new or existing Customers whose Demand is expected to exceed or has exceeded 300 kilowatts for three consecutive months, the City has the option to install applicable metering to calculate a Power Factor. The City may remove such metering from the Service of a Customer whose Demand has been below 200 kilowatts for four consecutive months. When such metering is installed, the monthly Electric bill shall include a “Power Factor Adjustment”, if applicable. The adjustment shall be applied to a Customer’s bill prior to the computation of any primary voltage discount. The Power Factor Adjustment is applied by increasing the total energy and Demand charges for any month by 0.25 percent (0.25%) for each one percent (1%) that the monthly Power Factor of the Customer’s load was less than 95%. The monthly Power Factor is the average Power Factor based on the ratio of kilowatt hours to kilovolt-ampere hours consumed during the month. Where time-of-day metering is installed, the monthly Power Factor shall be the Power Factor coincident with the Customer's Maximum Demand. 6. Changing Rate Schedules Customers may request a rate schedule change at any time to any applicable full service rate schedule as is applicable to their kilowatt-Demand and kilowatt-hour usage profile. 7. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2 1/2 percent for available line voltages above 2 kilovolts will be offered,allowed provided but the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's electrical requirements , as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving a the discount in this section hereunder and affected by such change. The Customer then has the option to change his system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kVA size limitation. LARGE NON-RESIDENTIALCOMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-7-4 dated 27-51-20163 Sheet No E-7-4 8. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(8)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue meter and that occasionally require backup power from the City due to non-operation of the non- utility generation source. b. Standby Charges: Commodity Distribution Total Standby Charge (per kW of Reserved Capacity) Summer Period $0.84 $12.55 $13.39 Winter Period $0.72 $6.04 $6.76 c. Meters. A separate meter is required for each non-utility generation source. d. Calculation of Maximum Demand Credit. (1) In the event the Customer’s Maximum Demand (as defined in Section D.4) occurs when one or more of the non-utility generators on the Customer’s side of the City’s revenue meter are not operating, the Maximum Demand will be reduced by the sum of the Maximum Generation of those non-utility generators, but in no event shall the Customer’s Maximum Demand be reduced below zero. (2) If the non-utility generation source does not operate for an entire billing cycle, the standby charge does not apply and the Customer shall not receive the Maximum Demand credit described in this Section. e. Exemptions. (1) The standby charge shall not apply to backup generators designed to operate only in the event of an interruption in utility Service and which are not used to offset Customer electricity purchases. (2) The standby charge shall not apply if the Customer meets the definition of an “Eligible Customer-generator” as defined in California Public Utilities Code LARGE NON-RESIDENTIALCOMMERCIAL ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-7-5 dated 27-51-20163 Sheet No E-7-5 Section 2827(b)(4) , as amended. (3) The applicability of these exemptions shall be determined at the discretion of the Utilities Director. {End} LARGE NON-RESIDENTIALCOMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-7-G-1 dated 7-1-20164 Sheet No E-7-G-1 A. APPLICABILITY: This schedule applies to Demand Metered Service for large non-residentialcommercial Customers who choose Service under the Palo Alto Green Program. A Customer may qualify for this rate schedule if the Customer’s Maximum Demand is at least 1,000KW per month per site, who have sustained this Demand level at least 3 consecutive months during the last twelve months B. TERRITORY: The rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: 1. 100% Renewable Option: Commodity Distribution Public Benefits Palo Alto Green Charge Total Summer Period Demand Charge ( per kW) $3.492.50 $20.3515.85 $23.8418.34 Energy Charge (per kWh) 0.093538311 0.0005887 0.0039151 0.0020 0.1000208949 Winter Period Demand Charge (per kW) $1.9053 $13.6914.11 $15.5965 Energy Charge (per kWh) 0.067395804 0.0005887 0.0039151 0.0020 0.073886442 Minimum Bill ($/day) 42.364848.5054 LARGE NON-RESIDENTIALCOMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-7-G-2 dated 7-1-20164 Sheet No E-7-G-2 2. 1000 kWh Block Purchase Option: Commodity Distribution Public Benefits Total Summer Period Demand Charge (per kW) $3.492.50 $20.3515.85 $23.8418.34 Energy Charge (per kWh) 0.093538311 0.0005887 0.0039151 0.098028749 Palo Alto Green Charge (per 1000 kWh block) $2.00 Winter Period Demand Charge (per kW) $1.9053 $13.6914.11 $15.5965 Energy Charge (per kWh) 0.067395804 0.0005887 0.0039151 0.071886242 Palo Alto Green Charge (per 1000 kWh block) $2.00 Minimum Bill ($/day) 42.364848.5054 D. SPECIAL NOTES: 1. Calculation of Charges The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Seasonal Rate Changes The Summer Period is effective May 1 to October 31 and the Winter Period is effective from November 1 to April 30. When the billing period includes use both in the Summer and the Winter Periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. 3. Maximum Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three consecutive months, a Maximum Demand Meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has LARGE NON-RESIDENTIALCOMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-7-G-3 dated 7-1-20164 Sheet No E-7-G-3 dropped below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Maximum Demand in any month will be the maximum average power in kilowatts taken during any 15-minute interval in the month, provided that in case if the load is intermittent or subject to violent fluctuations, the City may use a 5-minute interval. A thermal-type Demand Meter which does not reset after a definite time interval may be used at the City's option. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts for the current month. An exception is that the Billing Demand for Customers with Thermal Energy Storage (TES) will be based upon the actual Maximum Demand of such Customers between the hours of noon and 6 PM on weekdays. 4. Request for Service Qualifying Customers may request Service under this schedule for more than one Account or one Meter if the Accounts are at one site. A site shall be defined as one or more utility Accounts serving contiguous parcels of land with no intervening public right- of-ways (e.g. streets) and have a common billing address. 5. Power Factor For new or existing Customers whose Demand is expected to exceed or has exceeded 300 kilowatts for three consecutive months, the City has the option of installing applicable Metering to calculate a Power Factor. The City may remove such Metering from the Service of a Customer whose Demand has dropped below 200 kilowatts for four consecutive months. When such Metering is installed, the monthly Electric bill shall include a “Power Factor Adjustment”, if applicable. The adjustment shall be applied to a Customer’s bill prior to the computation of any primary voltage discount. The Power Factor Adjustment is applied by increasing the total energy and Demand charges for any month by 0.25 percent or (1/4) for each one percent (1%) that the monthly Power Factor of the Customer’s load was less than 95%. The monthly Power Factor is the average Power Factor based on the ratio of kilowatt- hours to kilovolt-ampere hours consumed during the month. Where time-of-day LARGE NON-RESIDENTIALCOMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-7-G-4 dated 7-1-20164 Sheet No E-7-G-4 Metering is installed, the monthly Power Factor shall be the Power Factor coincident with the Customer's Maximum Demand. 6. Changing Rate Schedules Customers may request a rate schedule change at any time to any applicable full service rate schedule as is applicable to their kilowatt-Demand and kilowatt-hour usage profile 7. Palo Alto Green Program Description and Participation Palo Alto Green provides for either the purchase of enough renewable energy credits (RECs) to match 100% of the energy usage at the facility every month, or for the purchase of 1000 kilowatt-hour (kWh) blocks. These REC purchases support the production of renewable energy, increase the financial value of power from renewal sources, and creates a transparent and sustainable market that encourages new development of wind and solar. Customers choosing to participate shall fill out a Palo Alto Green Power Program application provided by the Customer Service Center. Customers may request at any time, in writing, a change to the number of blocks they wish to purchase under the Palo Alto Green Program. 8. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2 1/2 percent for available line voltages above 2 kilovolts will be offered, butallowed; provided, however, the City is not required to supply Service at a qualified line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's Electrical requirements , as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving a the discount in this section hereunder and affected by such change. The Customer then has the option to change the system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 9. Standby Charge LARGE NON-RESIDENTIALCOMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-7-G-5 dated 7-1-20164 Sheet No E-7-G-5 a. Applicability: The standby charge, subject to the exemptions in subsection D(9)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue Meter and that occasionally require backup power from the City due to non-operation of the non- utility generation source. b. Standby Charges: Commodity Distribution Total Standby Charge (per kW of Reserved Capacity) Summer Period $0.84 $12.55 $13.39 Winter Period $0.72 $6.04 $6.76 c. Meters: A separate Meter is required for each non-utility generation source. d. Calculation of Maximum Demand Credit: (1) In the event the Customer’s Maximum Demand (as defined in Section D.3) occurs when one or more of the non-utility generators on the Customer’s side of the City’s revenue Meter are not operating, the Maximum Demand will be reduced by the sum of the Maximum Generation of those non-utility generators, but in no event shall the Customer’s Maximum Demand be reduced below zero. (2) If the non-utility generation source does not operate for an entire billing cycle, the standby charge does not apply and the Customer shall not receive the Maximum Demand credit described in this Section. e. Exemptions: (1) The standby charge shall not apply to backup generators designed to operate only in the event of an interruption in utility Service and which are not used to offset Customer electricity purchases. (2) The standby charge shall not apply if the Customer meets the definition of an “Eligible Customer-generator” as defined in California Public Utilities Code Section 2827(b)(4), as amended. (3) The applicability of these exemptions shall be determined at the discretion of the Utilities Director. LARGE NON-RESIDENTIALCOMMERCIAL GREEN POWER ELECTRIC SERVICE UTILITY RATE SCHEDULE E-7-G CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No E-7-G-6 dated 7-1-20164 Sheet No E-7-G-6 {End} LARGE NON-RESIDENTIALCOMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167 Supersedes Sheet No E-7-TOU-1 dated 72-15-20163 Sheet No E-7-TOU-1 A. APPLICABILITY: This voluntary rate schedule applies to Demand metered secondary Service for non- residentialcommercial customers with a Maximum Demand of at least 1,000KW per month per site, who have sustained this Demand level at least 3 consecutive months during the last twelve months. In addition, this rate schedule is applicable for customers who did not pay Power Factor Adjustments during the last 12 months. B. TERRITORY: This rate schedule applies everywhere the City of Palo Alto provides Electric Service. C. UNBUNDLED RATES: Rates per kilowatt (kW) and kilowatt-hour (kWh): Commodity Distribution Public Benefits Total Summer Period Demand Charge (per kW) Peak $2.221.48 $6.845.33 $9.066.80 Mid-Peak 0.6451 6.845.33 7.485.84 Off-Peak 0.6451 6.845.33 7.485.84 Energy Charge (per kWh) Peak $0.1017709267 $0.0005887 $0.0039151 $0.1062609705 Mid-Peak 0.098688792 0.0005887 0.0039151 0.1031609230 Off-Peak 0.087777705 0.0005887 0.0039151 0.092268143 Winter Period Demand Charge (per kW) Peak $0.9678 $6.937.15 $7.892 Off-Peak 0.9678 6.937.15 7.892 Energy Charge (per kWh) Peak $0.080366009 $0.0005887 $0.0039151 $0.084846447 Off-Peak 0.056473 0.0005887 0.0039151 0.0609681 LARGE NON-RESIDENTIALCOMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167 Supersedes Sheet No E-7-TOU-2 dated 72-15-20163 Sheet No E-7-TOU-2 Minimum Bill ($/day) 42.364848.5054 D. SPECIAL NOTES: 1. Calculation of Charges The actual bill amount is calculated based on the applicable rates in Section C above and adjusted for any applicable discounts, surcharges and/or taxes. On a Customer’s bill statement, the bill amount may be broken down into appropriate components as calculated under Section C. 2. Definition of Time Periods SUMMER PERIOD (Service from May 1 to October 31): Peak: 12:00 noon to 6:00 p.m. Monday through Friday (except holidays) Mid Peak: 8:00 a.m. to 12:00 noon Monday through Friday (except holidays) 6:00 p.m. to 9:00 p.m. Off-Peak: 9:00 p.m. to 8:00 a.m. Monday through Friday All day Saturday, Sunday, and holidays WINTER PERIOD (Service from November 1 to April 30): Peak: 8:00 a.m. to 9:00 p.m. Monday through Friday (except holidays) Off-Peak: 9:00 p.m. to 8:00 a.m. Monday through Friday (except holidays) All day Saturday, Sunday, and holidays HOLIDAYS: “Holidays” for the purposes of this rate schedule are New Year’s Day, President’s Day, Memorial Day, Independence Day, Labor Day, Veterans Day, Thanksgiving Day, and Christmas Day. The dates will be those on which the holidays are legally observed. SEASONAL RATE CHANGES: When the billing period includes use in both the Summer and the Winter periods, the usage will be prorated based on the number of days in each seasonal period, and the charges based on the applicable rates therein. For further discussion of bill calculation and proration, refer to Rule and Regulation 11. LARGE NON-RESIDENTIALCOMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167 Supersedes Sheet No E-7-TOU-3 dated 72-15-20163 Sheet No E-7-TOU-3 3. Request for Service Qualifying customers may request Service under this schedule for more than one account or one meter if the accounts are on one site. A site shall be defined as one or more utility accounts serving contiguous parcels of land with no intervening public right-of-ways (e.g. streets) and have a common billing address. 4. Demand Meter Whenever the monthly use of energy has exceeded 8,000 kilowatt-hours for three consecutive months, a Demand meter will be installed as promptly as is practicable and thereafter continued in Service until the monthly use of energy has fallen below 6,000 kilowatt-hours for twelve consecutive months, whereupon, at the option of the City, it may be removed. The Billing Demand to be used in computing charges under this schedule will be the actual Maximum Demand in kilowatts taken during any 15-minute interval in each of the designated Time periods as defined under Section D.2. 5. Power Factor Adjustment Time of Use customers must not have had a Power Factor Adjustment assessed on their Service for at least 12 months. Power factor is calculated based on the ratio of kilowatt hours to kilovolt- ampere hours consumed during the month, and must not have fallen below 95% to avoid the Power Factor Adjustment. Should the City of Palo Alto Utilities Department find that the Customer’s Service should be subject to Power Factor Adjustments, the Customer will be removed from the E-7-TOU rate schedule and placed on another applicable rate schedule as is suitable to their kilowatt Demand and kilowatt-hour usage. 6. Changing Rate Schedules Customers electing to be served under E-7 TOU must remain on said schedule for a minimum of 12 months. Should the Customer so wish, at the end of 12 months, the Customer may request a rate schedule change to any applicable City of Palo Alto full-service rate schedule as is suitable to their kilowatt Demand and kilowatt-hour usage. LARGE NON-RESIDENTIALCOMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167 Supersedes Sheet No E-7-TOU-4 dated 72-15-20163 Sheet No E-7-TOU-4 7. Primary Voltage Discount Where delivery is made at the same voltage as that of the line from which the Service is supplied, a discount of 2 1/2 percent for available line voltages above 2 kilovolts will be offered, butallowed provided the City is not required to supply Service at a particular line voltage where it has, or will install, ample facilities for supplying at another voltage equally or better suited to the Customer's electrical requirements , as determined in the City’s sole discretion. The City retains the right to change its line voltage at any time after providing reasonable advance notice to any Customer receiving a the discount in this section hereunder and affected by such change. The Customer then has the option to change his system so as to receive Service at the new line voltage or to accept Service (without voltage discount) through transformers to be supplied by the City subject to a maximum kilovolt-ampere size limitation. 8. Standby Charge a. Applicability: The standby charge, subject to the exemptions in subsection D(8)(e), applies to Customers that have a non-utility generation source interconnected on the Customer’s side of the City’s revenue meter and that occasionally require backup power from the City due to non-operation of the non-utility generation source. b. Standby Charges: Commodity Distribution Total Standby Charge (per kW of Reserved Capacity) Summer Period $0.84 $12.55 $13.39 Winter Period $0.72 $6.04 $6.76 c. Meters. A separate meter is required for each non-utility generation source. d. Calculation of Maximum Demand Credit. (1) In the event the Customer’s Maximum Demand occurs when one or more of the non-utility generators on the Customer’s side of the City’s revenue meter are not operating, the Maximum Demand will be reduced by the sum of the Maximum Generation of those non-utility generators, but in no event shall the Customer’s Maximum Demand be reduced below zero. LARGE NON-RESIDENTIALCOMMERCIAL ELECTRIC TIME OF USE SERVICE UTILITY RATE SCHEDULE E-7 TOU CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167 Supersedes Sheet No E-7-TOU-5 dated 72-15-20163 Sheet No E-7-TOU-5 (2) If the non-utility generation source does not operate for an entire billing cycle, the standby charge does not apply and the Customer shall not receive the Maximum Demand credit described in this Section. e. Exemptions. (1) The standby charge shall not apply to backup generators designed to operate only in the event of an interruption in utility Service and which are not used to offset Customer electricity purchases. (2) The standby charge shall not apply if the Customer meets the definition of an “Eligible Customer-generator” as defined in California Public Utilities Code Section 2827(b)(4) , as amended. (3) The applicability of these exemptions shall be determined at the discretion of the Utilities Director. {End} STREET LIGHTS UTILITY RATE SCHEDULE E-14 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167 Supersedes Sheet No. E-14-2 dated 7-1-200916 Sheet No. E-14-2 A. APPLICABILITY: This schedule applies to all street and highway lighting installations. B. TERRITORY: Within the incorporated limits of the City of Palo Alto and on land owned or leased by the City. C. RATES: Per Lamp Per Month Class A: Utility supplies energy and switching service only. Lamp Rating: High Pressure Sodium Vapor Lamps 100 watts 8.599.66 200 watts 15.8717.83 250 watts 19.5021.92 310 watts 24.1327.12 400 watts 31.0734.92 STREET LIGHTS UTILITY RATE SCHEDULE E-14 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20167 Supersedes Sheet No. E-14-2 dated 7-1-200916 Sheet No. E-14-2 Per Lamp Per Month – Class C: Utility supplies energy and switching service and maintains entire system, including lamps and glassware. Lamp Rating: Mercury-Vapor Lamps 400 watts 32.5834.94 High Pressure Sodium Vapor Lamps 70 watts 28.6130.48 100 watts 30.7932.93 150 watts 34.4337.02 250 watts 41.7045.19 Light Emitting Diode (LED) Lamps 70 watts-equivalent 23.7925.06 100 watts-equivalent 25.4426.91 150 watts-equivalent 26.9628.62 250 watts 31.1233.30 CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No. E-14-14 dated 7-1-200916 Sheet No. E-14-14 D. SPECIAL CONDITIONS: 1. Type of Service: This schedule is applicable to series circuit and multiple street lighting systems to which the Utility will deliver current at secondary voltage. Unless otherwise agreed, multiple current will be delivered at 120/240 volts, three-wire, single-phase. In certain localities the Utility may supply service from 120/208 volt star-connected poly-phase lines in place of 240-volt service. Single phase service from 480-volt sources will be available in certain areas at the option of the Utility when this type of service is practical from the Utility's engineering standpoint. All currents and voltages stated herein are nominal, reasonable variations being permitted. New lights will normally be supplied as multiple systems. 2. Point of Delivery: Delivery will be made to the customer's system at a point or at points mutually agreed upon. The Utility will furnish the service connection to one point for each group of lamps, provided the customer has arranged his system for the least practicable number of points of delivery. All underground connections will be made by the customer or at the customer's expense. 3. Switching: Switching will be performed by the Utility (on the Utility's side of points of delivery) and no charge will be made for switching provided there are at least 10 kilowatts of lamp load on each circuit separately switched, including all lamps on the circuit whether served under this schedule or not; otherwise, an extra charge of $2.50 per month will be made for each circuit separately switched unless such switching installation is made for the Utility's convenience or the customer furnishes the switching facilities and, if installed on the Utility's equipment, reimburses the Utility for installing and maintaining them. 4. Annual Burning Schedule: The above rates apply to lamps which will be turned on and off once each night in accordance with a regular burning schedule agreeable to the customer but not exceeding 4,100 hours per year. 5. Maintenance: The rates under Class C include all labor necessary for replacement of glassware and for inspection and cleaning of the same. Maintenance of glassware by the Utility is limited to standard glassware such as is commonly used and manufactured in reasonably large quantities. A suitable charge will be made for maintenance of glassware of a type entailing unusual expense. Under Class C, the rates include maintenance of circuits between lamp posts and of circuits and equipment in and on the posts, provided these are all of good standard construction; otherwise, the Utility may decline to grant Class C rates. CITY OF PALO ALTO UTILITIES Issued by the City Council Effective 7-1-20176 Supersedes Sheet No. E-14-24 dated 7-1-200916 Sheet No. E-14-24 Class C rates applied to any agency other than the City of Palo Alto also include painting of posts with one coat of good ordinary paint as required to maintain good appearance but do not include replacement of posts broken by traffic accidents or otherwise. 10. . System Owned In-Part by Utility : Where, at customer's request, the Utility installs, owns, and maintains any portion of the lighting fixtures, supports, and/or interconnecting circuits, an extra monthly charge of one and one-fourth percent of the Utility's estimate of additional investment shall be made. 11. Rates For Lamps Not on Schedule: In the event a customer installs a lamp which is not presently represented on this schedule, the Utility will prepare an interim rate reflecting the Utility's estimated costs associated with the specific lamp size. This interim rate will serve as the effective rate for billing purposes until the new lamp rating is added to Schedule E-14. {End} EXCERPTED DRAFT MINUTES OF THE APRIL 5, 2017 UTILITIES ADVISORY COMMISSION ITEM 4. ACTION: Staff Recommendation that the Utilities Advisory Commission Recommend that the City Council Adopt 1) a Resolution Approving the Fiscal Year 2018 Electric Financial Plan, and 2) a Resolution Increasing Electric Rates by Amending the E-1, E-2, E-2-G, E-4, E-4-G, E-4 TOU, E-7, E-7-G, E-7 TOU and E-14 Rate Schedules Senior Resource Planner Eric Keniston gave an overview of the proposed Financial Plan and rate changes. The preliminary forecast had changed. Staff was now proposing a 14% overall rate increase, but he noted the residential increase was only 12%. The proposal included various reserves transfers to mitigate the overall rate increase and prevent having to increase rates further this year. This included transfers from the hydro stabilization reserve and a loan from the Electric Special Projects reserve. These would be used to keep the Supply and Distribution Reserves within operating guidelines. The Electric Special Projects Reserve would normally not be used for operational reasons, since it was set aside for special projects, but this plan involved repaying the loan from that fund by 2020. He gave an overview of the reasons for the rate changes. Operations costs were increasing as a result of accumulated deferred maintenance related to difficulty filling positions, and additional capital investment was required due to aging infrastructure. In addition, new renewable projects were coming online and transmission costs were increasing. Even with the increases, however, Palo Alto’s electric rates would be substantially lower than PG&E’s. Commissioner Schwartz noted there may be increased customer sensitivity to changes on their bills due to the recent error in gas billing. It would be worthwhile to run a report to identify people who would see a substantial increase and reach out in advance to let them know that the bill changes were not due to a billing error. Posting on Nextdoor and other online information sources would be important. ACTION: Commissioner Ballantine made a motion to recommend Council approve the staff recommendation. Vice Chair Danaher seconded the motion. The motion passed unanimously (5-0, with Chair Cook, Vice Chair Danaher and Commissioners Ballantine, Johnston, and Schwartz voting yes and Commissioners Forssell and Trumbull absent.) ATTACHMENT F City of Palo Alto (ID # 7979) Finance Committee Staff Report Report Type: Action Items Meeting Date: 5/18/2017 City of Palo Alto Page 1 Summary Title: FY 2018 Gas Utility Financial Plan and Rate Proposals Title: Utilities Advisory Commission Recommendation that the City Council Adopt a Resolution Approving the Fiscal Year 2018 Gas Utility Financial Plan with no Changes to Distribution Rates From: City Manager Lead Department: Utilities Recommendation Staff and the Utilities Advisory Commission request that Finance Committee recommend that Council adopt a resolution (Attachment A) approving the fiscal year (FY) 2018 Gas Utility Financial Plan (Attachment B) Executive Summary The FY 2018 Gas Utility Financial Plan includes projections of the utility’s costs and revenues for FY 2018 through FY 2027. In FY 2017, gas rates were increased by 8% effective on July 1, 2016. In the FY 2017 Financial Plan, staff projected a tentative rate increase of 9% for FY 2018. However, better than expected ending Operations reserve levels in FY 2016, coupled with a delay in starting new gas main replacement projects due to staff capacity and to coordinate planning of downtown projects, as well as recovering post-drought sales, have improved the near-term financial outlook for the gas fund. Staff proposes utilization of reserves and a series of lesser rate increases over the next three years to minimize impacts to customers. The proposed FY 2018 Gas Utility Financial Plan includes no distribution-related gas rate increase effective on July 1, 2017, however, beginning July 1, 2017, customers may see an estimated impact of up to 4% on their bills as a result of the Carbon Neutral Gas Plan adopted by Council in December 2016. Future-year distribution-related rate increases are projected to be 4 to 6 percent over the next four years. In addition, the plan includes proposed transfers to the Operations Reserve of $1.2 million and $4.8 million from the Rate Stabilization Reserve in FY 2018 and FY 2019, respectively, to ensure that there are appropriate financial reserves for contingencies. The Rate Stabilization Reserve is projected to be zero balance by the end of FY 2020. Gas Utility expenses are projected to increase by roughly 3 to 4 percent annually from FY 2017 to FY 2027 due primarily to increased gas supply costs (monthly commodity purchases as well City of Palo Alto Page 2 as carbon neutral plan and cap and trade allowance purchase costs), as well as higher operations and maintenance expenses. In the near-term, some of these costs relate to the cross-bore inspection program and increased capital improvement program (CIP) costs from higher bids. While existing projects are completed and staffing issues are addressed, new main replacement projects are not planned until FY 2019. The annual Gas Utility equity transfer to the General Fund is estimated at $7.0 million in FY 2018 rising to 9.7 million in FY 2027 under the Council-adopted calculation methodology. Gas usage was trending downward over the last several years, most likely due to relatively warm winter heating seasons, as well as lower hot water usage during the drought, but a cooler winter and the end of drought restrictions has brought increased usage. Gas usage has started to recover somewhat, but as with water, it is difficult to determine if changes in behavior will persist, reducing gas usage long term. The Utilities Advisory Commission (UAC) reviewed the Gas Utility Financial Plan and Rate Proposals at its meeting on April 5, 2017 meeting, and unanimously recommended approval of the proposed financial plan. Background Every year staff presents the Financial Plans for its Electric, Water, Gas, and Wastewater Collection Utilities and recommends any rate adjustments required to maintain their financial health. These Financial Plans include a comprehensive overview of the utility’s operations, both retrospective and prospective, and are intended to be a reference for UAC and Council members as they review the budget and staff’s rate recommendations. Each Financial Plan also contains a set of Reserves Management Practices describing the reserves for each utility and the management practices for those reserves. The Finance Committee reviewed preliminary financial forecasts at its March 21, 2017 meeting. Staff has not made any changes to the preliminary projections for gas presented at that meeting. Discussion Staff’s annual assessment of the financial position of the City’s gas utility is completed to ensure adequate revenue to fund operations. This includes making long-term projections of market conditions, the physical condition of the system, and other factors that could affect utility costs, and setting rates adequate to recover these costs. Proposed Actions for FY 2017 The FY 2017 Gas Utility Financial Plan includes the following proposed action: 1. Reduce the $5.3 million transfer from the Rate Stabilization Reserve to the Operations Reserve proposed in the FY 2017 Gas Financial Plan to zero. Proposed Actions for FY 2018 City of Palo Alto Page 3 The FY 2018 Gas Utility Financial Plan also includes the following proposed action: 1. Transfer $1.2 million from the Rate Stabilization Reserve to the Operations Reserve. The reserve transfers will enable staff to maintain sufficient funds in the Gas Operations Reserve levels while spreading the required rate increases for the gas utility over several years. These proposed actions are described in more detail in the FY 2018 Gas Financial Plan (Attachment B). The annual Gas Utility equity transfer to the General Fund is estimated at $7.0 million in FY 2018, rising to 9.7 million in FY 2027. Each year it is calculated according to the 2009 Council-adopted methodology, and does not require additional Council action. Staff proposes no adjustments to gas rates in FY 2018 at this time. FY 2018 Financial Plan’s Projected Rate Adjustments for the Next Five Fiscal Years Table 1 shows the projected rate adjustments over the next five years and their impact on the annual median residential gas bill. Table 1: Projected Rate Adjustments, FY 2017 to FY 2021 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Gas Utility 0% 4% 6% 6% 5% Estimated Bill Impact ($/mo)* $- $1.79 $2.79 $2.96 $2.61 * estimated impact on median residential gas bill, which is currently $44.72 for CY 2016. This does not include the bill impacts in FY 2018 associated with the Carbon Neutral Gas Portfolio. Changes from Preliminary Financial Forecast After presenting the preliminary financial forecast to the UAC on February 1, 2017, additional budget information and changes to usage projections have been modified for outer years, but the FY 2018 proposal of no rate increase remains the same. Gas Bill Comparison with Surrounding Cities Table 2 presents winter and summer residential bills for Palo Alto and PG&E at several usage levels for commodity rates in effect as of May 2016 (to illustrate a summer month bill) and March 2017 (to illustrate a winter month bill). The annual gas bill for the median residential customer for calendar year 2016 was $426.72, about 20% lower than the annual bill for a PG&E customer with the same consumption. PG&E’s distribution rates for gas have increased substantially to collect for needed system improvements for pipeline safety and maintenance. The bill calculations for PG&E customers are based on PG&E Climate Zone X, an area which includes the surrounding communities: Table 2: Residential Monthly Gas Bill Comparison Season Usage (therms) Palo Alto PG&E Zone X % Difference Winter (March 30 34.88 41.57 -16% (Median) 54 54.53 74.82 -27% City of Palo Alto Page 4 2016) 80 85.50 120.77 -29% 150 180.51 255.05 -29% Summer (Jul 2015) 10 19.93 17.77 12% (Median) 18 21.94 21.46 2% 30 35.13 41.55 -15% 45 52.91 66.66 -21% Monthly gas bills for commercial customers for various usage levels for rates in effect as of March 1, 2016 are shown in Table 3. Bills for CPAU customers at the usage levels shown are around 10% to 33% higher for commercial customers than for PG&E customers. This is a substantial improvement over the calendar year 2013 bill comparison, when commercial gas bills for CPAU customers were 27% to 44% higher than for PG&E customers. This is primarily attributable to PG&E’s increased distribution rates as the commodity rates for CPAU and PG&E are very similar, both being based on spot market gas prices. Table 3: Commercial Monthly Average Gas Bill Comparison (for Rates in Effect Mar. 1, 2017) Usage (therms/mo) Gas Bill ($/month) % Difference Palo Alto PG&E 500 616 545 13% 5,000 5,459 4,957 10% 10,000 10,840 8,856 22% 50,000 53,788 40,453 33% Commission Review and Recommendation The UAC reviewed this proposal at its April 5, 2017 meeting. Staff noted that, while there was no distribution -related increase, an estimated 4 percent increase is projected when the cost of purchasing carbon neutral offsets is included as a separate rate component, effective July 1, 2017 when the Carbon Neutral Plan takes effect. After the presentation, with no discussion, the UAC voted to recommend that the Council adopt the resolution approving the FY 2018 Gas Utility Financial Plan. The vote was unanimous (5-0), with Commissioners Forssell and Trumbull absent. The draft excerpted minutes from the UAC’s April 5, 2017 meeting are provided as Attachment C. Timeline The City Council will consider adopting the Financial Plan as part of the FY 2018 budget review and adoption process. Resource Impact See the attached FY 2018 Gas Financial Plan for a more comprehensive overview of projected cost and revenue changes for the next ten years. City of Palo Alto Page 5 Policy Implications The proposed Gas Financial Plan is consistent with Council-adopted Reserve Management Practices. Environmental Review The Finance Committee’s review and recommendation to Council on the FY 2018 Gas Financial Plans does not meet the California Environmental Quality Act’s definition of a project, pursuant to Public Resources Code Section 21065, thus no environmental review is required. Attachments:  Attachment A: Resolution of the Council of the City of Palo Alto Approving the FY 2018 Gas Utility Financial Plan  Attachment B: Proposed FY 2018 Gas Utility Financial Plan  Attachment C: Excerpted UAC Meeting Minutes of April 5, 2017 Attachment A * NOT YET APPROVED * 170320 jb 6053929 Resolution No. _________ Resolution of the Council of the City of Palo Alto Approving the FY 2018 Gas Utility Financial Plan R E C I T A L S A. Each year the City of Palo Alto (“City”) regularly assesses the financial position of its utilities with the goal of ensuring adequate revenue to fund operations. This includes making long-term projections of market conditions, the physical condition of the system, and other factors that could affect utility costs, and setting rates adequate to recover these costs. It does this with the goal of providing safe, reliable, and sustainable utility services at competitive rates. The City adopts Financial Plans to summarize these projections. B. The City uses reserves to protect against contingencies and to manage other aspects of its operations, and regularly assesses the adequacy of these reserves and the management practices governing their operation. The status of utility reserves and their management practices are included in Reserves Management Practices attached to and made part of the Financial Plans. The Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION 1. The Council hereby adopts the FY 2018 Gas Utility Financial Plan. SECTION 2. The Council finds that the adoption of this resolution does not meet the California Environmental Quality Act’s (CEQA) definition of a project under Public Resources / / / / / / / / / / / / Attachment A * NOT YET APPROVED * 170320 jb 6053929 Code Section 21065, and therefore, no environmental assessment is required. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: ___________________________ ___________________________ City Clerk Mayor APPROVED AS TO FORM: APPROVED: ___________________________ ___________________________ Senior Deputy City Attorney City Manager ___________________________ Director of Utilities ___________________________ Director of Administrative Services FY 2018 GAS UTILITY FINANCIAL PLAN FY 2018 TO FY 2027 ATTACHMENT B GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 2 | Page GAS UTILITY FINANCIAL PLAN FY 2018 TO FY 2027 TABLE OF CONTENTS Section 1: Definitions and Abbreviations................................................................................ 4 Section 2: Executive Summary and Recommendations ........................................................... 5 Section 2A: Overview of Financial Position .................................................................................. 5 Section 2B: Summary of Proposed Actions .................................................................................. 6 Section 3: Detail of FY 2018 Rate and Reserve Proposals ........................................................ 6 Section 3A: Rate Design ............................................................................................................... 6 Section 3B: Current and Proposed Rates ..................................................................................... 6 Section 3D: Proposed Reserve Transfers ..................................................................................... 8 Section 4: Utility Overview .................................................................................................... 8 Section 4A: Gas Utility History ..................................................................................................... 8 Section 4B: Customer Base ........................................................................................................ 10 Section 4C: Distribution System ................................................................................................. 11 Section 4D: Cost Structure and Revenue Sources ...................................................................... 12 Section 4E: Reserves Structure ................................................................................................... 12 Section 4F: Competitiveness ...................................................................................................... 13 Section 4G: Gas Supply Rates .................................................................................................... 14 Section 5: Utility Financial Projections ................................................................................. 15 Section 5A: Load Forecast .......................................................................................................... 15 Section 5A: FY 2012 to FY 2016 Cost and Revenue Trends ........................................................ 16 Section 5B: FY 2016 Results ....................................................................................................... 17 Section 5C: FY 2017 Projections ................................................................................................. 18 Section 5D: FY 2018-FY 2027 Projections .................................................................................. 18 Section 5E: Risk Assessment and Reserves Adequacy ............................................................... 19 Section 5G: Long-Term Outlook ................................................................................................. 21 GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 3 | Page Section 6: Details and Assumptions ..................................................................................... 22 Section 6A: Gas Purchase Costs ................................................................................................. 22 Section 6B: Operations .............................................................................................................. 23 Section 6C: Capital Improvement Program (CIP) ....................................................................... 24 Section 6D: Debt Service ............................................................................................................ 26 Section 6E: Equity Transfer ........................................................................................................ 27 Section 6F: Revenues ................................................................................................................. 27 Section 6G: Communications Plan ............................................................................................. 28 Appendices ......................................................................................................................... 30 Appendix A: Gas Financial Forecast Detail ................................................................................ 31 Appendix B: Gas Utility Capital Improvement Program (CIP) Detail ......................................... 32 Appendix C: Gas Utility Reserves Management Practices ......................................................... 34 Appendix D: Description of Gas Utility Cost Categories ............................................................ 38 Appendix E: Gas Utility Communications Samples .................................................................... 39 GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 4 | Page SECTION 1: DEFINITIONS AND ABBREVIATIONS ABS: Acrylonitirile butydene styrene, a plastic gas main material CARB: California Air Resources Board CIP: Capital Improvement Program CNG: Compressed Natural Gas CPAU: City of Palo Alto Utilities Department CPUC: California Public Utilities Commission Cross-bore: A cross-bore exists when one utility line has been drilled or “bored” through a portion of another line. Gas cross-bores can occur in sewer lines as a result of “horizontal boring” construction practices. Distribution: transportation of gas to customers. GMR Program: Gas Main Replacement Program Local Transportation: transportation of gas to Palo Alto across PG&E’s distribution system from PG&E City Gate. Malin: a delivery hub referred to in gas purchase contracts and located in Malin, Oregon, where the northern end of PG&E’s Redwood Transmission Pipeline is located. MMBtu: Millions of British thermal units, a unit of gas measurement equal to ten therms. Commonly used for high volume gas measurement. Wholesale purchases of gas from suppliers are typically measured in MMBtu. O&M: Operations and Maintenance PE or HDPE: Polyethylene, a gas main material (more specifically, High-Density Polyethylene) PG&E: Pacific Gas and Electric PG&E Citygate, or Citygate: a delivery hub referred to in gas purchase contracts. Any gas delivered to PG&E’s distribution system (such as gas delivered at the southern end of PG&E’s Redwood Transmission Pipeline) is said to have been delivered at PG&E Citygate. PVC: Polyvinyl chloride, a plastic gas main material Summer: April 1 to October 31 Therms: The standard unit of measurement for natural gas sales to customers, equal to 100,000 British thermal units. Therms measure the heating value of the gas, rather than its volume. Transmission: transportation of gas between major gas delivery hubs via a gas transmission pipeline, such as PG&E’s Redwood pipeline. UAC: Utilities Advisory Commission, an appointed body that advises the City Council on CPAU issues. Winter: November 1 to March 31 GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 5 | Page SECTION 2: EXECUTIVE SUMMARY AND RECOMMENDATIONS This document presents a Financial Plan for the City’s Gas Utility for the next ten years. This Financial Plan provides revenues to cover the costs of operating the utility safely over that time while adequately investing for the future. It also addresses the financial risks facing the utility over the short term and long term, and includes measures to mitigate and manage those risks. SECTION 2A: OVERVIEW OF FINANCIAL POSITION From FY 2018 through FY 2027, non-commodity costs are projected to increase at 3% to 4% per year. In the short term, some of these costs are related to the cross-bore inspection program, as well as cap-and-trade and carbon neutral allowance purchase costs. Capital improvement program (CIP) costs have increased as the economy has improved, and while CPAU plans a new gas main replacement project every year, recent larger than expected bids have required resizing and redesign of some existing plan projects. Because of this, the next new main replacement project will take place in FY 2019. As a result, CIP costs for FY 2017 and 2018 will be lower than normal by around $3.7 million. The Gas Utility expenses over the period of this financial plan are shown in Table 1 below. Table 1: Gas Utility Expenses for FY 2016 to FY 2027 (Thousand $’s) Expenses ($000) FY 2016 (act.) FY 2017 (est.) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 Commodity costs 8,127 13,042 15,437 14,931 15,304 15,584 16,021 16,569 17,227 17,909 18,679 19,235 Operations 17,239 21,687 22,587 22,901 22,559 23,022 24,403 25,292 26,221 27,195 28,222 27,982 Capital Projects 5,017 2,214 2,074 5,725 5,960 6,145 6,335 6,525 6,721 6,923 7,130 7,344 TOTAL 30,384 36,943 40,098 43,557 43,823 44,751 46,759 48,386 50,169 52,027 54,032 54,561 To ensure that revenues cover projected rising costs, the financial plan includes the rate trajectory shown in Table 2. No increase is projected for FY 2018. Table 2: Projected Gas Rate Trajectory for FY 2018 to FY 2027 Projection FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 Current Financial Plan 0% 4% 6% 6% 5% 3% 3% 2% 1% 0% FY 2017 Financial Plan 9% 7% 4% 1% 1% 1% 1% 1% 1% N/A FY 2016 Financial Plan 4% 4% 4% 3% 3% N/A N/A N/A N/A N/A The Gas Rate Stabilization Reserve is used to smooth rate increases over several years. This Financial Plan projects that these reserves will be exhausted by the end of FY 2020. The Gas CIP Reserve can be used to offset one-time unanticipated capital costs. Table 3 shows the projected reserve transfers over the forecast period. GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 6 | Page Table 3: Transfers To/(From) Reserves for FY 2017 to FY 2027 ($000) Reserve FY 2017 FY 2018 FY 2019 to FY 2027 Rate Stabilization 0 (1,208) (4,810) Operations 0 1,208 4,810 SECTION 2B: SUMMARY OF PROPOSED ACTIONS Staff proposes the following actions for the Gas Utility in FY 2017: 1. Amend the proposed $5.3 million transfer from the Rate Stabilization Reserve to the Operations Reserve, as proposed in the FY 2017 Gas Financial Plan, to no transfer, based on projected ending Operations Reserve levels. Staff proposes the following actions for the Gas Utility in FY 2018: 2. No distribution rate increase for FY 2018. See Section 3B: Current and Proposed Rates for more details. 3. Transfer $1.2 million from the Rate Stabilization Reserve to the Operations Reserve. See Section 3C: Proposed Reserve Transfers for more details. SECTION 3: DETAIL OF FY 2018 RATE AND RESERVE PROPOSALS SECTION 3A: RATE DESIGN The Gas Utility’s rates are evaluated and implemented in compliance with cost of service requirements. The Gas Utility’s current rates are based on the methodology from the April 2012 Gas Utility Cost of Service Study completed by Utility Financial Solutions1. In preparation for an update to the study, staff discussed a proposed scope with the Utilities Advisory Commission in October 2016, and the Council in November 20162. The updated study is projected to be completed by the end of FY 2017, and will provide guidance for the next proposed rate action, currently slated for FY 2019. SECTION 3B: CURRENT AND PROPOSED RATES On July 1, 2012 CPAU restructured its rates so that the commodity component varied monthly to match changes in gas market prices.3 In addition, monthly service charges were increased to recover the cost of providing gas service to customers. In January 2015, the Council adopted a new rate component to collect the costs of purchasing allowances for the purpose of compliance with the State’s cap-and-trade program4. This component will change depending on the cost of allowances and gas demand. In October 2016, the Council adopted a resolution changing the Local Transportation rate (which had been collapsed into the Distribution rate in 1 Staff Report 2812, 5/17/ 2012 http://archive.cityofpaloalto.org/civica/filebank/blobdload.asp?BlobID=31395 2 Staff Report 7416 11/14/2016 http://www.cityofpaloalto.org/civicax/filebank/documents/54576 3 Staff Report 2812, 5/17/2012: http://archive.cityofpaloalto.org/civica/filebank/blobdload.asp?BlobID=31395 4 Staff Report 5397, 1/26/2015: https://www.cityofpaloalto.org/civicax/filebank/documents/45537 GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 7 | Page 2015 to streamline bill presentation), to be a pass-through of PG&E’s Gas Transportation Rate to Wholesale/Resale Customers (G-WSL) charge to Palo Alto.5 This went into effect November 1, 2016. In December 2016, Council approved a carbon neutral gas plan, with a goal of achieving a carbon neutral gas portfolio by FY 2018.6 The plan is for costs associated with the plan to be a passed through directly to customers as well, although the rate impact is not to exceed $0.10 per therm. CPAU has four rate schedules: one for separately metered residential customers (G-1), one for small commercial and master-metered multi-family residential customers (G-2), one for customers using over 250,000 therms per year (G-3) and a specific schedule for the Compressed Natural Gas station (G-10). All customers pay a monthly service charge, which represents meter reading, billing, and other customer service costs, as well as a portion of operations and maintenance cost. All customers are also charged for each therm of gas used. Separately metered residential customers are charged on a tiered basis, differentiated by season. During the winter months, the first 2 therms per day (60 therms for a 30 day billing period) are charged a base price per CCF, and all additional units charged a higher price per therm. During the summer months, the first tier level is 0.667 therms per day, or 20 therms for a 30 day billing period. Commercial customers pay a uniform price for each therm used. Table 4 shows the current monthly service charges for all rate schedules. Table 7 shows the consumption charges related to distribution charges. As mentioned earlier, commodity charges change monthly, and transportation charges are tied to the PG&E G-WSL rate schedule. Three years’ worth of volumetric rate history can be found on Palo Alto’s website.7 Some recent commodity price history is discussed in Section 6A: Gas Purchase Costs. Table 4: Current Monthly Service Charges Rate Schedule Monthly Service Charge ($/month) Current ( as of 7/1/16) G-1 (Residential) $10.32 G-2 (Small Commercial) $78.23 G-3 (Large Commercial) $377.43 G-10 (CNG) $52.93 5 Staff Report 7260 10/17/2016 http://www.cityofpaloalto.org/civicax/filebank/documents/54165 6 Staff Report 7533 12/05/2016 http://www.cityofpaloalto.org/civicax/filebank/documents/54882 7 Monthly Gas Commodity & Volumetric Rates http://www.cityofpaloalto.org/civicax/filebank/documents/30399 GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 8 | Page Table 5: Current Gas Distribution Charges Current ( as of 11/1/16) G-1 (Residential) Tier 1 Rates 0.3933 Tier 2 Rates 0.9319 G-2 (Residential Master-Metered and Small Commercial) Uniform Rate 0.5767 G-3 (Large Commercial) Uniform Rate 0.5687 G-10 (Compressed Natural Gas) Uniform Rate 0.0093 No changes to distribution rates are proposed for FY 2018. SECTION 3C: PROPOSED RESERVE TRANSFERS In the FY 2017 Financial Plan, $5.3 million was proposed to be transferred from the Rate Stabilization Reserve into the Operations Reserve. Lower actual expenses in FY 2016 as well as projected lower expenses in FY 2017 are expected to result in higher ending reserve balances than initially projected, so staff recommends not transferring funds at this time. A tentative transfer of $1.2 million in FY 2018, followed by $4.3 million in FY 2019, is included in the financial projections in this Financial Plan. These will enable CPAU to maintain adequate Operations Reserve levels while moderating the pace of increase in gas rates. The impact of these transfers on reserves levels can be seen in Appendix A: Gas Utility Financial Forecast Detail. SECTION 4: UTILITY OVERVIEW This section provides an overview of the utility and its operations. It is intended as general background information and to help readers better understand the forecasts in Section 5: Utility Financial Projections and Section 6: Details and Assumptions. SECTION 4A: GAS UTILITY HISTORY On September 22, 1917, the City of Palo Alto issued a bond to purchase the property of Palo Alto Gas Company and continue it as a municipal enterprise. At the time, the system comprised 21 miles of mains, 1,900 meters, and was valued at $65,500. PG&E supplied the gas, which was synthesized from coal at its Potrero facility. Almost immediately the City faced challenges. Losses were at nearly 25% according to PG&E’s master meter, and PG&E had filed with the Railroad Commission (the forerunner to today’s Public Utilities Commission) to increase rates GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 9 | Page by nearly 72.5%. Despite these initial hurdles, Palo Alto’s system grew tremendously, and by 1924 revenues had exceeded those of the electric utility. Sales were such that the annual reports of the time noted gas usage “appears to be greater than that of any other city in the state, showing that gas is a very popular form of fuel in Palo Alto.” Just prior to the acquisition of the neighboring town of Mayfield’s gas system (centered around today’s California Avenue) in 1929, the miles of main in service and customers connections had doubled. Notable changes to the gas supply itself came in 1930, when PG&E ceased supplying purely manufactured (or coal) gas from its Potrero Hill facility in San Francisco and instead switched to natural gas. In 1935, a supplementary butane injection system (later retired) was purchased from Standard Oil to mitigate large wintertime peaks. Gas sales were at 248,658 million cubic feet (MCF) with 4,849 active services. Early gas mains in Palo Alto were made of steel, but in the 1950s, like many other utilities, CPAU switched to ABS plastic. CPAU switched to PVC plastic in the early 1970s, but around 100 miles of ABS mains had already been installed. A 1990 evaluation of the system found a steadily increasing rate of gas leaks associated with those mains, something that other gas utilities had also been experiencing. To reduce leaks, CPAU accelerated its main replacement program from 7,000 feet (1.3 miles) of replacements per year to 20,000 feet (3.8 miles) per year. This would enable the utility to replace all of its ABS and its most vulnerable steel and PVC mains with polyethylene (PE) mains over the course of the following 36 years.8 As of 2015 the Gas Utility had replaced approximately 99 miles of ABS, as well as some sections of steel where cathodic protection was not effective. Current main replacement projects will target the last ~800 feet of remaining ABS main as well as tackling PVC replacement. A PVC risk analysis to determine the appropriate footage of annual PVC replacement for future CIP projects is currently being conducted. This is an example of how local control of its Gas Utility has provided Palo Alto residents with substantial benefits. During the 1990s and 2000s, while CPAU was increasing its main replacement rate to ensure a robust gas distribution system, PG&E was underspending on safety-related infrastructure, according to a past audit.9 In the 1990s, while grappling with the issues surrounding its distribution system, CPAU was also participating in major changes to the structure of the gas industry in California. Until 1988 CPAU had a formal policy of setting its rates equal to PG&E’s rates and successfully did so with the exception of one year in the mid-1970s. At times this led to inadequate revenue (1974 to 1981) as PG&E, the City’s only gas supplier, regularly filed requests with the CPUC to increase the wholesale gas supply rates charged to the Gas Utility. In the 1990s, as the CPUC began deregulating the natural gas industry in California, the Gas Utility began purchasing gas from suppliers other than PG&E. In 1997 the CPUC adopted the “Gas Accord,”10 which enabled the Gas Utility (along with other local transportation-only customers) to obtain transmission rights on PG&E’s Redwood transmission pipeline running from Malin, Oregon into California. 8 Staff Report CMR:183:90. Infrastructure Review and Update, March 1, 1990 9 Focused Financial Audit of The Pacific Gas & Electric Company’s Gas Distribution Operations, Overland Consulting, made available through a CPUC Administrative Law Judge’s ruling on A12-11-009/I13-03-007 on 5/31/2013 10 CPUC decision 97-08-055. Since then, the Gas Accord has been amended four times, with the most recent being Gas Accord V, application A.09-09-013 GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 10 | Page In 2000/2001 the California energy crisis occurred, causing major disruptions to the Gas Utility’s supply costs. Wholesale gas prices rose over 500% between January 2000 and January 2001. The Council approved drawing down reserves to provide ratepayer relief and, for two years following the crisis, CPAU rates were above PG&E’s as reserves were replenished. In April 2001 the Council approved a hedging practice of buying fixed price gas one to three years into the future. After reaching a low point in October 2001, prices continued to rise, and as a result the CPAU hedging strategy frequently resulted in a wholesale supply cost advantage compared to PG&E until prices began to decline steeply in mid-2008. At that point the Gas Utility’s wholesale supply costs became higher than market gas prices due to fixed price contracts entered into prior to 2008. As a result the Gas Utility’s wholesale supply costs were higher than PG&E’s for several years. In 2012 Council approved a plan to formally cease the hedging strategy and purchase all gas on the short-term (“spot”) markets. As of July 1, 2012, the commodity portion of the gas rates changes every month based on the spot market gas price. SECTION 4B: CUSTOMER BASE CPAU’s Gas Utility provides natural gas service to the residents, businesses, and other gas customers in Palo Alto. Close to 23,400 customers are connected to the natural gas system, approximately 21,700 (93%) of which are residential and 1,700 (7%) of which are non- residential. Residential customers consume about 10 to 12 million therms of gas per year, roughly 45% of the gas sold, while non-residential customers consume 55% (about 14 to 15 million therms). Residential customers use gas primarily for space heating (46% of gas consumed) and water heating (42%), with the remainder consumed for other purposes such as cooking, clothes drying, and heating pools and spas.11 Non-residential customers use gas for space and water heating (73% of gas consumed), cooking (20%), and industrial processes (6%).12 The Gas Utility receives gas at the four receiving stations within Palo Alto where CPAU’s distribution system connects with Pacific Gas and Electric’s (PG&E’s) system. These receiving stations are jointly operated by CPAU and PG&E. CPAU purchases gas from various natural gas marketers, with PG&E providing only local transportation service (transportation from the PG&E City Gate gas delivery hub to Palo Alto). CPAU also has transmission rights on PG&E’s transmission pipeline from Malin, Oregon to PG&E City Gate, allowing it to purchase lower priced gas at that location. CPAU does not produce or store any natural gas, and purchases gas in the monthly and daily spot markets. The cost of the purchased gas is passed through directly to customers through a rate adjuster that varies monthly with market prices. In a similar fashion, the cost for local transportation has now been tied to PG&E’s G-WSL rate schedule, and varies when and if PG&E changes their rate schedule. The cost of purchased gas and PG&E local transportation service usually account for roughly one third of the utility’s expenditures. 11 http://energyalmanac.ca.gov/naturalgas/overview.html 12 Source: Statewide Commercial End Use Study, California Energy Commission report, 2006. Statistics shown are for end users in PG&E Climate Zone 4 (the Peninsula) where Palo Alto is located. GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 11 | Page SECTION 4C: DISTRIBUTION SYSTEM To deliver gas from the receiving stations to its customers, the utility owns 210 miles of gas mains (which transport the gas to various parts of the city) and 23,400 gas services (which connect the gas mains to the customers’ gas lines). These mains and services, along with their associated valves, regulators, and meters, represent the vast majority of the infrastructure used to deliver gas in Palo Alto. CPAU has an ongoing CIP to repair and replace its infrastructure over time, the expense of which normally accounts for around 15 to 20% of the utility’s expenditures. Costs for main replacements have been going up in recent years. In addition to the CIP, the Gas Utility performs a variety of maintenance activities related to the system, such as monitoring the system for leaks, testing and replacing meters, monitoring the condition of steel pipe, and building and replacing gas services for buildings being built or redeveloped throughout the city. The utility also shares the costs of other system-wide operational activities (such as customer service, billing, meter reading, supply planning, energy efficiency, equipment maintenance, and street restoration) with the City’s other utilities. These maintenance and operations expenses, as well as associated administration, debt service, rent, and other costs, make up roughly half of the utility’s expenses. In addition to these ongoing activities, CPAU has conducted a program to find and replace cross-bores over the last several years. Currently, $1 million is budgeted per year for the cross-bore program through FY 2019. However, the ongoing cross-bore investigation may require additional funding, or extend for longer into the future, as the remaining sewer lines are more difficult to examine than the majority of the wastewater collection system that has been examined to date. GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 12 | Page Figure 2: Cost Structure (FY 2016) 57%27% 16% Operations Gas Purchases Capital Figure 1: Revenue Structure (FY 2016) 93% 7% Sales of Gas Other Revenue SECTION 4D: COST STRUCTURE AND REVENUE SOURCES As shown in Figure 1, the Gas Utility receives 93% of its revenue from sales of gas and the remainder from capacity and connection fees, interest on reserves, and other sources. Appendix A: Gas Utility Financial Forecast Detail shows more detail on the utility’s cost and revenue structures. As shown in Figure 2, in FY 2016, gas purchase costs accounted for roughly 27% of the Gas Utility’s costs. This percentage can vary widely from year to year, as this cost is based upon market purchases, but now also includes costs related to cap and trade. In FY 2016, Palo Alto received a large transportation rate settlement from PG&E, which lowered costs substantially. This stemmed from the CPUC’s findings related to the San Bruno pipeline explosion. Operational costs represented roughly 57%, and capital investment was responsible for the remaining 16%. CIP is normally about 20% of expenses, but this may be lower in times when projects are deferred, as will happen in FY 2017 and FY 2018. SECTION 4E: RESERVES STRUCTURE CPAU maintains six reserves for its Gas Utility to manage various types of contingencies. These are summarized below, but see Appendix C: Gas Utility Reserves Management Practices for more detailed definitions and guidelines for reserve management: • Reserve for Commitments: A reserve equal to the utility’s outstanding contract liabilities for the current fiscal year. Most City funds, including the General Fund, have a Commitments Reserve. • Reserve for Reappropriations: A reserve for funds dedicated to projects reappropriated by the City Council, nearly all of which are capital projects. Most City funds, including the General Fund, have a Reappropriations Reserve. GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 13 | Page • Capital Improvement Program (CIP) Reserve: The CIP reserve can be used to accumulate funds for future expenditure on CIP projects and is anticipated to be empty unless a major one-time CIP expenditure is expected in future years. This CIP can also act as a contingency reserve for the CIP. This type of reserve is used in other utility funds (Electric, Water, and Wastewater Collection) as well. • Rate Stabilization Reserve: This reserve is intended to be empty unless one or more large rate increases are anticipated in the forecast period. In that case, funds can be accumulated to spread the impact of those future rate increases across multiple years. This type of reserve is used in other utility funds (Electric, Water, and Wastewater Collection) as well. • Operations Reserve: This is the primary contingency reserve for the Gas Utility, and is used to manage yearly variances from budget for operational gas costs. This type of reserve is used in other utility funds (Electric, Water, and Wastewater Collection) as well. • Unassigned Reserve: This reserve is for any funds not assigned to the other reserves and is normally empty. SECTION 4F: COMPETITIVENESS Table 6 presents winter and summer residential bills for Palo Alto and PG&E at several usage levels for commodity rates in effect as of May 2016 (to illustrate a summer month bill) and March 2017 (to illustrate a winter month bill). The annual gas bill for the median residential customer for calendar year 2016 was $426.72, about 20% lower than the annual bill for a PG&E customer with the same consumption. PG&E’s distribution rates for gas have increased substantially to collect for needed system improvements for pipeline safety and maintenance. The bill calculations for PG&E customers are based on PG&E Climate Zone X, an area which includes the surrounding communities. Table 6: Residential Monthly Natural Gas Bill Comparison ($/month) Season Usage (therms) Palo Alto PG&E Zone X % Difference Winter (March 2017) 30 34.88 41.57 -16% (Median) 54 54.53 74.82 -27% 80 85.50 120.77 -29% 150 180.51 255.05 -29% Summer (May 2016) 10 19.93 17.77 12% (Median) 18 21.94 21.46 2% 30 35.13 41.55 -15% 45 52.91 66.66 -21% Table 7 shows the monthly gas bills for commercial customers for various usage levels for rates in effect as of March, 2017. Bills for CPAU customers at the usage levels shown are around 10% to 33% higher for commercial customers than for PG&E customers. This is a substantial improvement over the calendar year 2013 bill comparison, when commercial gas bills for CPAU GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 14 | Page customers were 27% to 44% higher than for PG&E customers. This is primarily attributable to PG&E’s increased distribution rates as the commodity rates for CPAU and PG&E are very similar, both being based on spot market gas prices. Table 7: Commercial Monthly Average Gas Bill Comparison (for Rates in Effect March, 2017) Usage (therms/mo) Gas Bill ($/month) % Difference Palo Alto PG&E 500 616 545 13% 5,000 5,459 4,957 10% 10,000 10,840 8,856 22% 50,000 53,788 40,453 33% SECTION 4G: GAS SUPPLY RATES Starting in July 2012, CPAU replaced a “laddering” hedging strategy for purchasing gas supplies with a strategy to buy gas on the short-term, or “spot” markets and pass the commodity cost to customers on a monthly basis. The actual commodity prices are shown in Figure 3. As shown, commodity prices have fluctuated by around $0.20 over the last two years, but have generally been lower than prices seen in 2013 and 2014. Figure 3: Gas Commodity Rates from July 2012 through March 2017 GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 15 | Page SECTION 5: UTILITY FINANCIAL PROJECTIONS SECTION 5A: LOAD FORECAST Gas usage in Palo Alto is volatile, varying with both economic and weather conditions. As shown in Figure 4, in the early 1970’s, gas purchases reached over 45 million therms per year. Usage dropped dramatically in the 1976/1977 drought when customers saved significant amounts of (hot) water by upgrading to efficient showerheads. During the 1980s and 90s average gas usage was around 36 million therms per year. Usage dropped again in the early 2000’s. In FY 2001, gas prices escalated during the California energy crisis and Palo Alto’s rates increased by nearly 200%. From 2003 to 2011, usage decreased by 2.3% mainly as a result of continued customer investments in energy efficiency. In 2014 and 2015, unusually warm winters, as well as ongoing drought, caused gas usage to tumble to historic lows. In FY 2017, as the drought has eased and a relatively normal winter has progressed, gas usage has started to increase again. Figure 4: Historic Gas Consumption Gas consumption, as denoted by the dotted line in Figure 5, is projected to recover somewhat and stay stable over the forecast period, although changes such as replacement of gas appliances with electric appliances or customer behavior may result in lower long run usage. As with prior drought/gas usage declines in the past, it is likely that consumption will not come GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 16 | Page back to pre-conservation levels. It is too early to tell, however, where the new ‘normal’ level of consumption will be. Figure 5: Forecast Gas Consumption SECTION 5A: FY 2012 TO FY 2016 COST AND REVENUE TRENDS Figure 6 and Appendix A: Gas Utility Financial Forecast Detail show how costs have changed during the last five years as well as how they are projected to change over the next decade. The annual expenses for the gas utility decreased substantially between 2012 and 2016 due to lower gas sales. Market prices for gas supplies are shown in Figure 3 above. FY 2014 and 2015 were notable due to the fact that no new funding was added for main replacement projects, to permit the completion of a backlog of projects which had previously been funded. This allowed for backlogged gas main replacement projects to be started, and used existing capital reserves. Starting in FY 2012, additional funding for gas cross-bore inspections increased Operations costs. Revenues have generally matched expenses in most years. As shown in Figure 6 below, revenues were below cost in FY 2011 and FY 2013 and nearly at cost in FY 2016. The absence of funding for main replacement projects in FY 2014 and FY 2015, as well as the availability of relatively large reserves, forestalled the need for rate increases until now. As shown in Figure 6, the last adjustment to gas distributionrates was in July 2016 when rates were increased by 8%. In FY 2012, commodity rates were changed to a market-based, monthly GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 17 | Page pass-through cost—and commodity rates (and usage) fell, so revenues actually declined in FY 2013 after the rate increase. Figure 6: Gas Utility Expenses, Revenues, and Rate Changes: Actual Costs through FY 2016 and Projections through FY 2027 SECTION 5B: FY 2016 RESULTS Sources of funds for FY 2016 were in line with projections, but expenses related to Purchases and Capital spending came in well below expected budget. Total FY 2016 expenses were $30.4 million compared to projections of $35.9 million in the FY 2017 Financial Plan. Table 8 summarizes the variances from forecast. Table 8: FY 2016, Actual Results vs. Financial Plan Forecast Net Cost/(Benefit) Type of change Purchase costs lower than forecast (1,132,000) Cost savings Operations cost savings and reclass (2,498,000) Cost savings Capital Improvement cost spending (1,872,000) Cost savings Operations cost savings (31,000) Cost savings Net Cost / (Benefit) of Variances $(5,465,000) GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 18 | Page SECTION 5C: FY 2017 PROJECTIONS Current projections indicate that sales revenues will be slightly higher than last year’s forecast. However, a main replacement projected budgeted for this year will not be started until FY 2019. Table 9 summarizes the current and projected variances from FY 2017 Financial Plan. Table 9: FY 2017 Projected Results vs. Financial Plan Forecast Net Cost/ (Benefit) Type of change Sales revenues higher than forecast (984,000) Revenue increase Other revenues and interest higher than forecast (742,000) Revenue increase Operations & maintenance, Customer service and purchase cost increases 617,000 Cost increase Main replacement projects delayed (4,091,000) Cost savings Net Cost / (Benefit) of Variances ($5,200,000) SECTION 5D: FY 2018-FY 2027 PROJECTIONS As can be seen in Figure 6 above, costs for the Gas Utility are projected to rise in FY 2017, then are projected to increase at around 3% per year through FY 2026. In Operations, this is due to an additional continuing $1 million for cross-bore inspections (this expense is projected to continue for at least three years), as well as general inflationary increases of around 2.6% per year. Salaries and benefits expenses are projected to rise at nearly 4% per year, per the City’s Long Range Financial Plan. New CIP main replacement programs are projected to be put on hold until FY 2019. At that point, CIP spending is projected to return to normal levels (around $6 million), then grow at around 2% per year thereafter. Gas commodity costs are the most variable component. At the time the budget was developed in December 2016, gas supply prices were projected to increase by around 3 to 4% per year. Since this is a pass-through cost to customers, the risk of these costs being higher or lower than expected has a minimal impact on reserves. As shown in Figure 7, the Rate Stabilization Reserves are projected to be depleted by FY 2020. GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 19 | Page Figure 7: Gas Utility Reserves Actual Reserve Levels for FY 2016 and Projections through FY 2027 SECTION 5E: RISK ASSESSMENT AND RESERVES ADEQUACY The Gas Utility’s primary contingency reserve, the Operations Reserve, is projected to be within guideline levels throughout the forecast period, barring either short-run budget savings and/or larger future increases. Figure 8 shows the Operations Reserve recovering to the target level by FY 2027 with the projected rate trajectory. Figure 8: Operations Reserve Adequacy GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 20 | Page Forecasted Operations Reserve levels also exceed the short-term risk assessment for the Utility. Table 10 summarizes the risk assessment calculation for the Gas Utility through FY 2022. The same methodology is used for FY 2023 through FY 2027 as well. The risk assessment includes the revenue shortfall that could accrue due to: 1. Lower than forecasted distribution sales revenue; and 2. An increase of 10% of planned system improvement CIP expenditures for the budget year. Table 10: Gas Risk Assessment ($000) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Total non-commodity revenue $20,465 $21,676 $23,503 $25,557 $27,559 Max. revenue variance, previous ten years 16% 16% 16% 16% 16% Risk of revenue loss $3,282 $3,476 $3,769 $4,098 $4,419 CIP Budget $809 $4,421 $4,617 $4,762 $4,911 CIP Contingency @10% $81 $442 $462 $476 $491 Total Risk Assessment value $3,363 $3,918 $4,231 $4,575 $4,910 Finally, the CIP Reserve was created at the end of FY 2015 to act as a contingency reserve for capital improvement projects. Current guidelines state that the balance of this reserve should fall between 12 and 24 months of budgeted CIP expense. At the end of FY 2016, the sum of the CIP Reserve and existing Commitments was a bit over $10 million, as shown in Figure 7. Based upon FY 2017’s adjusted CIP budget, this is well above the maximum reserve level of $1.97 million. However, the next two years are anomalous in that a main replacement project is not scheduled. As a normal year maximum would be between $9 to $11 million, staff does not recommend reducing the CIP reserve at this time, especially in GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 21 | Page light of the fact that CIP project costs have been increasing. Staff will continue to review this reserve and the appropriateness of the current minimum and maximum guideline levels. SECTION 5F: LONG-TERM OUTLOOK In the longer term (5 to 35 years out) it is very difficult to predict the Gas Utility’s commodity costs. A variety of long-term trends could affect commodity costs either positively or negatively. Continuing improvement in gas extraction technology, such as fracking, could continue to create generous supplies of gas, but these technologies are also under greater scrutiny with respect to their environmental impacts. On the demand side, a continued shift from coal to natural gas for electricity generation or an increase in manufacturing in the U.S. might drive up natural gas prices, but other factors, such as generally more mild winters, might drive gas demand lower. It is also difficult to predict the magnitude of the additional cost impacts associated with the State’s cap-and-trade program over the long term. In the face of this uncertainty, CPAU is able to protect the financial position of the Gas Utility by continuing its current strategy of passing these costs directly to its customers via month-varying rate adjustment mechanisms. The City has recently opted to pursue a policy of purchasing offsets to make gas usage in Palo Alto carbon neutral. The cost is not to exceed $0.10/therm. Future CIP investment needs for the Gas Utility may be lower than in the past, although costs per foot for main replacement have been increasing substantially. The Gas Utility has replaced nearly all of its ABS gas mains and its most problematic steel and PVC mains as well. The PE pipe being used now is expected to have at least a fifty-year lifetime, and there is growing evidence that it may last much longer than that. This would result in lower CIP investment over the long term. CPAU is considering performing a study in the near future to develop its future main replacements priorities and strategy. Long-term state or local climate goals could also have a major impact on the Gas Utility. The Global Warming Solutions Act, Assembly Bill 32 (AB32), set a goal of reducing greenhouse gas (GHG) emissions to 1990 levels by 2020. In its December 2007 Climate Protection Plan, the City set a goal of lowering emissions to 15% below 2005 levels by 2020. As a community Palo Alto achieved these goals in 2012 even with continued use of natural gas for heating, cooking, and industrial processes. However, to achieve the recently adopted Sustainability and Climate Action Plan (S/CAP) goal of an 80% reduction in carbon emissions by 2030, or the State’s adopted goal of an 80% reduction in emissions by 2050 some amount of electrification of gas- using appliances is likely to be necessary. If significant amounts of electrification occurred, stranded investment and higher rates could be required as the costs of the distribution system are recovered over a lower sales base. It is instructional that, in the recent discussion draft of its scoping plan update, CARB says, to meet those goals, natural gas use would have to be “mostly phased out.”13 Staff intends to begin evaluating how to manage potential impacts of these trends over the next few years.. 13 Climate Change Scoping Plan, First fUpdate, Discussion Draft for Public Review and Comment, California Air Resources Board, October 2013, pg 88. GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 22 | Page SECTION 6: DETAILS AND ASSUMPTIONS SECTION 6A: GAS PURCHASE COSTS The Gas Utility purchases much of its gas for delivery at Malin, Oregon which is almost always cheaper than delivery at PG&E City Gate, even including the costs of transmission from Malin to City Gate. Gas is purchased on a month-ahead and day-ahead basis in the spot market. The last few years have seen gas prices in a relatively narrow but low band, but prices for the last year have risen somewhat. High levels of natural gas in storage, along with warmer than normal weather on the West coast has kept prices low, as shown in Figure 9. Figure 9: Gas Market Prices at PG&E Citygate Gas commodity costs are expected to increase steadily over the next several years. Figure 10 shows the projected gas prices used to generate this forecast. Projections for transmission costs associated with transporting gas over PG&E’s Redwood transmission pipeline (from Malin, Oregon to the PG&E Citygate) are based on rates adopted in the most recent update to the Gas Accord. Local transportation costs decreased on January 1, 2015 due to the expiration of a temporary adder to PG&E’s local transportation rate,14 but in December 2014 PG&E applied to the CPUC 14 California Public Utilities Commission Advice Letter 3430-G, effective January 1, 2014. Also see CPUC Decision 12-12-30 regarding the Pipeline Safety Enhancement Plan Adder. GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 23 | Page to more than double local transportation costs. The application was not settled until late 2016. As these charges are dictated by PG&E and are outside of Palo Alto’s control, staff proposed making these costs pass-through charge, similar to the commodity charge, and this became effective in November, 2016. Figure 10: Wholesale Gas Price Projections SECTION 6B: OPERATIONS Operations costs include the Customer Service, Demand Side Management, Operations and Maintenance (including Engineering), Resource Management, and Administration categories in Figure 11, below. Debt service, rent, and transfers are also included in Operations costs (excluding the General Fund equity transfer). Appendix D: Description of Gas Utility Cost Categories includes detailed descriptions of the activities associated with these cost categories. Operations costs are projected to increase by 2 to 4% per year. Salary and benefits, inflation, and other assumptions match those used in the City’s long-range financial forecast. Operations costs for FY 2017 to FY 2019 include funding for the cross-bore program. In the 1970s CPAU, like many other utilities, adopted horizontal drilling as an alternative to trenching when installing new gas services. This created the possibility of cross-bores, which can happen when a gas service is bored through a sewer lateral. Though cross-bores are very rare, they can create a dangerous situation when a contractor attempts to clear a blocked sewer line, because if the cross-bored gas service is damaged during the line clearing it can result in a gas leak. CPAU has been inspecting new gas services since 2001, and in 2011 began video inspections of the sewer laterals at the location of horizontally-drilled gas services installed before 2001. This inspection program has cost roughly $1 million per year since FY 2012. While a majority of sewer laterals have been inspected, staff has come across several services which are not able to be scoped, either due to infiltration by roots or broken/collapsed pipe segments. Staff has GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 24 | Page included $3 million in additional funding between FY 2017 and FY 2019 for this program, but the program will likely require additional funding in future years to complete. Figure 11: Historical and Projected Operational Costs SECTION 6C: CAPITAL IMPROVEMENT PROGRAM (CIP) The Gas Utility’s CIP program consists of the following programs and budgets: • The Gas Main Replacement Program, under which the Gas Utility replaces aging gas mains • Customer Connections, which covers the cost when the Gas Utility installs new services or upgrades existing services at a customer’s request in response to development or redevelopment. The Gas Utility charges a fee to these customers to cover the cost of these projects. • Ongoing Projects, which covers the cost of routine meter, regulator, and service replacement, minor projects to improve reliability or increase capacity, and other general improvements. • Tools and Equipment, which covers the cost of capitalized equipment, such as directional boring equipment. • One-time Projects, which represents occasional large projects that do not fall into any other category. GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 25 | Page Table 11 shows the current status of these project categories and future projected spending. Table 11: Budgeted Gas CIP Spending The Gas Main Replacement (GMR) Program is in the process of reaching a major milestone, the replacement of the last gas mains made from ABS plastic. The program to replace ABS and other low-performing materials in the system started in the 1990s (see Section 4A: Gas Utility History for more detail). CPAU temporarily slowed down its new CIP appropriations in this category in FY 2014 and 2015 in order to finish the last major ABS main replacement project and to catch up on a backlog of projects that has accumulated due to staffing issues. With the replacement of all ABS mains with PE plastic, the material most at risk for failure is removed leaving only PVC plastic, steel (wrapped, with cathodic protection), and PE mains. The next focus of the GMR program will be PVC mains. CPAU is considering updating the Gas System Master Plan to determine which areas of the system to prioritize. The plan will help CPAU determine whether the pace of main replacement (approximately three miles of main each year, or 1.5% of the system) needs to be increased, decreased, or whether it needs to remain the same. The current budgets for gas main replacement might not fully take into account the recent rise in costs for main replacement, which have increased from the levels seen during the recent recession. Several factors may be contributing to this. Economic recovery in the Bay Area, as well as a greater focus on infrastructure improvement by many municipal agencies and utilities could be creating high demand for contractors in these fields. Newer, more leak resistant pipe materials may have ongoing greater costs. CPAU has seen the replacement cost per linear foot increase by 25 to 50% over the last couple of years. Currently CPAU plans to complete as much main replacement as possible within its current budget, provided there are no safety concerns. However, if this trend of higher cost continues, the Gas Utility may require larger CIP budgets, and as a result, larger rate increases. These increases in cost are a partial reason for the two year delay in projects. The most recent project, when put out for bid, resulted in very few contractors competing, and project bids larger than budgeted. Staff will redesign this and future projects into smaller segments to keep budgets lower, while not compromising on overall system integrity. The other reason for delay is the University Avenue Business District project, and getting coordination amongst all departments is taking more time than expected. Finally, there has been an ongoing issue with keeping and maintaining qualified staff to design and work on projects. Project Category Current Budget* Spending, Curr. Yr Remain. Budget**Committed FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 One Time Projects 425 (2) 423 109 - - - - - Gas Main Replacement 4,878 (187) 4,691 - - 3,588 3,759 3,878 4,000 Tools And Equipment 146 - 146 20 - 640 - - - Ongoing Projects 254 (140) 114 88 809 833 858 884 911 Customer Connections 232 (660) (428) 159 1,265 1,303 1,342 1,383 1,424 TOTAL 5,935 (988) 4,946 375 2,074 6,365 5,960 6,145 6,335 *Includes unspent funds from previous years carried forward or reappropriated into the current fiscal year **Equal to CIP Reserves (Reserve for Reappropriations + Reserve for Commitments). GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 26 | Page Ongoing Projects, Tools and Equipment, and Customer Connections are projected to cost approximately $0.8 million in FY 2018 and increase by 3% per year through the end of the forecast period. In practice, these projects can fluctuate dramatically depending on system conditions and the pace of development and redevelopment in the city. It is worth noting that the Customer Connections program is paid for through fee revenue, so when costs go up, so does fee revenue. Aside from customer connections and some transfers from other funds, the CIP plan for FY 2018 to FY 2022 is funded by utility rates. The details of the plan are shown in Appendix B: Gas Utility Capital Improvement Program (CIP) Detail. SECTION 6D: DEBT SERVICE The Gas Utility currently makes debt service payments on one bond issuance, the 2011 Series A Utility Revenue Refunding Bonds. This bond issuance was to refinance the $18 million principal remaining on the Utility Revenue Bonds, 2002 Series A issued for the Gas and Water Utilities to finance various improvements to the distribution systems. $9.4 million of this issuance was secured by the net revenues of the Gas Utility. Debt service for this bond for the financial forecast period is shown in Table 12. Debt service on this bond will continue through 2026. Table 12: Gas Utility Debt Service FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 2011 Utility Revenue Refunding Bonds, Series A 803 802 800 800 802 804 805 803 800 803 The 2011 bonds include two covenants stating that 1) the Gas Utility will maintain a debt coverage ratio of 125% of debt service, and 2) that the City will maintain “Available Reserves”15 equal to five times the annual debt service. The current financial plan complies with these covenants throughout the forecast period, as shown in Table 13 and Table 14. Table 13: Debt Service Coverage Ratio ($000) FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 Revenues 36,643 38,225 39,175 41,695 44,306 46,879 49,025 50,992 52,835 54,530 Expenses (Excluding CIP and Debt Service) (33,926) (37,223) (37,033) (37,063) (37,804) (39,621) (41,057) (42,646) (44,305) (46,100) Net Revenues 2,717 1,002 2,142 4,632 6,502 7,258 7,968 8,346 8,530 8,430 Debt Service 803 802 800 800 802 804 805 803 800 803 Coverage Ratio 338% 125% 268% 579% 811% 903% 990% 1039% 1039% 1039% 15 Available Reserves as defined in the 2011 bonds include the reserves for the Water, Electric, and Gas Utilities GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 27 | Page Table 14: Debt Service Minimum Reserves ($000) FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 Gas Utilitya 19711 17838 13456 11328 10883 11003 11642 12465 13273 14588 Debt Serviceb 803 804 803 802 801 801 802 803 800 803 Reserves Ratioc 25x 22x 17x 14x 14x 14x 15x 16x 16x 16x a) CIP, Rate Stabilization, Operations, and Unassigned Reserves b) Gas Utility’s share of the debt service on the 2011 bonds. c) Calculated using only Gas Utility reserves. The actual reserves ratio for the 2011 bonds is calculated based on the combined Electric, Gas, and Water Utility reserves and debt service and is higher than shown here. The Gas Utility’s reserves and net revenue are also pledged as security for the bond issuances listed in Table 15, even though the Gas Utility is not responsible for the debt service payments. The Gas Utility’s reserves or net revenues would only be called upon if the responsible utilities are unable to make their debt service payments. Staff does not currently foresee this occurring. Table 15: Other Issuances Secured by Gas Utility’s Revenues or Reserves Bond Issuance Responsible Utilities Annual Debt Service ($000) Secured by Gas Utility’s: Net Revenues Reserves 1995 Series A Utility Revenue Bonds Storm Drain $680 Yes No 1999 Utility Revenue Bonds, Series A Wastewater Collection Wastewater Treatment Storm Drain $1,207 No Yes 2009 Water Revenue Bonds (Build America Bonds) Water $1,977* No Yes *Net of Federal interest subsidy SECTION 6E: EQUITY TRANSFER The City calculates the equity transfer from its Gas Utility based on a methodology adopted by Council in 2009 that has remained unchanged since16. Each year it is calculated according to the 2009 Council-adopted methodology, and does not require additional Council action. SECTION 6F: REVENUES The Gas Fund receives most of its revenues from sales of gas, but about 8% comes from other sources. The largest of these comes from service connection and capacity fees, followed closely by sales of allowances related to California’s cap-and-trade program. Another revenue item related to the cap-and-trade program is collected in customers’ bills. While the State provides CPAU with a certain number of free allowances each year, the Gas Utility is required to sell a portion of those in accordance with the regulations. In order to have enough allowances to 16 For more detail on the ordinance adopting the 2009 transfer methodology, see CMR 280:09, Budget Adoption Ordinance for Fiscal Years 2009 and 2010; and CMR 260:09, Finance Committee Report explaining proposed changes to equity transfer methodology. GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 28 | Page cover customers’ natural gas emissions, CPAU must buy allowances at market, and subsequently passes through the cost of those allowances to customers. The regulations do not allow the revenue derived from the sale of the free allowances to offset allowance purchases, thus the pass-through rate component. Sales revenue projections are based on the load forecast in Section 5A: Load Forecast. Except where stated otherwise, these load forecasts are based on normal weather. Weather can vary substantially, however, and this can affect revenues substantially. Also, changes in customer behavior, as well as changes to more efficient gas appliances, or switching to electric appliances, will modify these forecasts. Forecasts are continually evaluated to see when new trends emerge. SECTION 6G: COMMUNICATIONS PLAN The FY 2018 communications strategy covers four primary areas: operations, infrastructure, safety, efficiency, renewables and rates. Since moving to market pricing for commodity rates, changes to the commodity rates are posted monthly on the City’s website. Gas use efficiency incentives are promoted year-round, but most heavily during winter months to impact heating activities. Promotional methods include community outreach events, print ads in local publications, utility bill inserts, messaging on the bills and envelopes, website pages, email blasts, videos for the web and local Comcast channels, Home Energy Reports and the use of social media. To keep customers apprised of the status and accomplishments of capital improvement projects, a network of project web pages are maintained. Traffic is driven to the website via print and digital ads, social media and email blasts. Safety topics are emphasized year-round. CPAU is engaging in several campaigns and programs in FY 2018 to promote gas utility efficiency and renewable energy. The Georgetown University Energy Prize competition is a friendly, national campaign to encourage communities to reduce energy use. Energy savings from reduced gas and electric consumption qualify to help Palo Alto compete for a $5 million prize at the end of a two-year campaign. Since adoption of a carbon neutral electric supply portfolio, CPAU launched a new voluntary renewable natural gas carbon offsets program, PaloAltoGreen Gas. Much of our programmatic promotional activity will center around customer education and encouragement to sign up for participation in PaloAltoGreen Gas. Other new programs include home efficiency services and online tools to help customers manage their energy use. Stepping up efforts to promote gas safety education, staff is focusing outreach around youth, the importance of calling USA (811) before digging for anyone who may excavate in and around Palo Alto, such as plumbers and contractors, potential sewer and gas line cross-bores, keeping fats, oils and greases out of drains, and ensuring clear access to meters. For younger “customers-to-be,” CPAU created a Home Safety Detective campaign that includes special tool kits to help them identify home safety problems. Staff provides safety kits to youth and adults at school presentations, neighborhood safety and emergency preparedness fairs and other community outreach events. Meter access awareness is highlighted through use of materials GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 29 | Page featuring photos of some unusual ways people obstruct access to their meters, including using them as bike racks and building storage sheds around them. CPAU will continue to promote safety, infrastructure, operations, efficiency and rate adjustment messages through a variety of marketing and media channels. Every year, CPAU publishes an updated gas safety awareness brochure which is mailed to all customers in Palo Alto, as well as plumbers, contractors and excavators that may work in and around the area. Staff talks with business customers at special facilities meetings, attends neighborhood safety and emergency preparedness fairs and offers presentations to school and community groups. While print materials and website pages still feature prominently, CPAU is turning the outreach emphasis to direct mail, newspaper inserts, social media, online videos and cable TV. Copies of all outreach materials and logs of activities are saved in the Gas Safety Public Awareness Plan that is reviewed at least once per year by the Department of Transportation. GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 30 | Page APPENDICES Appendix A: Gas Financial Forecast Detail Appendix B: Gas Utility Capital Improvement Program (CIP) Detail Appendix C: Gas Utility Reserves Management Practices Appendix D: Description of Gas Utility Cost Categories Appendix E: Gas Utility Communications Samples GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 31 | Page APPENDIX A: GAS FINANCIAL FORECAST DETAIL ($'000) Actual Actual Actual Actual Actual 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 RATE CHANGE (%)*0%12%0%0%0%8%0%4%6%6%5%3%3%2%1%0% 2 SALES IN THOUSAND THERMS 30,447 28,901 28,117 28,881 26,719 27,829 27,434 27,463 27,623 27,546 27,482 27,432 27,394 27,450 27,510 27,541 3 4 Utilities Retail Sales 41,034 33,759 34,843 29,515 28,065 33,243 33,852 34,339 36,422 38,683 40,918 42,694 44,275 45,736 46,948 47,566 5 Service Connection & Capacity Fees 592 731 654 602 961 1,017 1,048 1,079 1,111 1,145 1,179 1,179 1,179 1,179 1,179 1,179 6 Other Revenues & Transfers In 103 830 313 415 873 1,857 2,965 3,395 3,906 4,251 4,573 4,916 5,266 5,623 6,081 6,043 7 Interest plus Gain or Loss on Investment 1,119 (239)706 450 730 526 361 362 256 227 209 237 272 297 322 338 8 Total Sources of Funds 42,847 35,081 36,517 30,982 30,629 36,643 38,225 39,175 41,695 44,306 46,879 49,025 50,992 52,835 54,530 55,126 9 10 Purchases of Utilities: 11 Supply Commodity 15,356 12,461 12,992 9,537 9,178 10,098 12,106 11,487 11,805 12,097 12,495 13,001 13,616 14,254 14,980 15,468 12 Supply Transportation 879 994 1,333 982 (1,051)2,944 3,331 3,444 3,499 3,487 3,526 3,568 3,611 3,655 3,699 3,767 13 Total Purchases 16,235 13,455 14,325 10,519 8,127 13,042 15,437 14,931 15,304 15,584 16,021 16,569 17,227 17,909 18,679 19,235 14 15 Administration (CIP + Operating)3,473 4,273 3,988 4,007 3,337 3,064 3,147 3,232 3,319 3,408 3,500 3,594 3,691 3,790 3,892 3,997 16 Customer Service 1,270 1,358 1,338 1,195 1,097 1,584 1,644 1,705 1,767 1,830 1,896 1,964 2,034 2,107 2,183 2,261 17 Demand Side Management 614 630 438 632 566 1,471 1,512 1,554 1,597 1,641 1,686 1,732 1,780 1,828 1,879 1,930 18 Engineering (Operating)333 340 352 369 426 529 547 565 584 604 623 644 665 687 710 733 19 Operations and Maintenance 5,032 4,940 4,119 4,403 4,153 5,980 6,189 6,398 5,613 5,807 6,007 6,215 6,429 6,652 6,882 7,120 20 Resource Management 729 506 516 556 472 724 748 772 798 823 850 877 905 934 965 996 21 Debt Service Payments 406 296 805 804 249 803 802 800 800 802 803 804 802 799 802 - 22 Rent 230 219 419 431 443 455 467 480 492 505 519 532 546 561 574 587 23 Transfers to General Fund 6,006 5,971 5,811 5,730 6,194 6,594 7,035 6,888 7,069 7,069 7,974 8,370 8,794 9,248 9,734 9,739 24 Other Transfers Out 170 207 606 151 303 484 496 508 520 533 546 560 573 587 602 617 25 Capital Improvement Programs 7,821 7,620 1,026 1,832 5,017 2,214 2,074 5,725 5,960 6,145 6,335 6,525 6,721 6,923 7,130 7,344 26 Total Uses of Funds 42,320 39,814 33,743 30,629 30,384 36,943 40,098 43,557 43,823 44,751 46,759 48,386 50,169 52,027 54,032 54,561 27 28 Into/ (Out of) Reserves 528 (4,733)2,773 353 245 (300)(1,874)(4,382)(2,127)(446)120 639 823 808 499 565 29 30 Reappropriations + Commitments 19,211 19,363 11,305 6,491 6,255 6,255 6,255 6,255 6,255 6,255 6,255 6,255 6,255 6,255 6,255 6,255 31 Plant Replacement 1,000 1,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32 CIP Reserve 0 0 0 1,591 3,820 3,820 3,820 3,820 3,820 3,820 3,820 3,820 3,820 3,820 3,820 3,820 33 Rate Stabilization 15,992 11,318 15,981 7,215 6,018 6,018 4,810 524 0 0 0 0 0 0 0 0 34 Operations Reserve 0 0 0 10,847 10,296 9,873 9,208 9,112 7,508 7,063 7,183 7,822 8,645 9,453 10,768 11,333 35 Unassigned 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 36 Total Reserves 36,203 31,681 27,286 26,144 26,389 25,966 24,093 19,711 17,583 17,138 17,258 17,897 18,720 19,528 20,843 21,409 37 (1,142)245 (423)(1,874)(4,382)(2,127)(446)120 639 823 808 1,315 566 38 Short Term Risk Assessment Value 1,226 3,753 3,560 3,363 3,918 4,231 4,575 4,910 5,144 5,340 5,510 5,635 5,659 39 40 Operations Reserve Guidelines 41 Min (60 Days Commodity + O&M) 5,620 5,000 5,821 6,139 6,074 6,039 6,136 6,412 6,622 6,856 7,100 7,357 7,425 42 Target (90 Days Commodity + O&M) 8,429 7,500 8,731 9,208 9,112 9,058 9,204 9,618 9,933 10,284 10,650 11,036 11,137 43 Max (120 Days Commodity + O&M) 11,239 10,000 11,641 12,277 12,149 12,077 12,272 12,824 13,244 13,712 14,201 14,715 14,849 44 City of Palo Alto Gas Utility Fiscal Year GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 32 | Page APPENDIX B: GAS UTILITY CAPITAL IMPROVEMENT PROGRAM (CIP) DETAIL Project #Project Name Reappropriated / Carried Forward from Previous Years Current Year Funding Budget Amendments Spending, Current Year Remaining in CIP Reserve Fund Commitments FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 ONE TIME PROJECTS GS-10000 Gas Station 3 Rebuild - - - - - - - - - - - GS-15001 Security at Receiving Stations 275,000 - 150,000 (1,563) 423,437 109,174 - - - - - Subtotal, One-time Projects 275,000 - 150,000 (1,563) 423,437 109,174 - - - - - GAS MAIN REPLACEMENT (GMR) PROGRAM GS-09002 GMR - Project 19 - - - - - - - - - - - GS-10001 GMR - Project 20 - - - - - - - - - - - GS-11000 GMR - Project 21 100,000 - (100,000) - - - - - - - - GS-12001 GMR - Project 22 3,571,560 - 3,000 (144,495) 3,430,065 - - - - - - GS-13001 GMR - Project 23 620,650 3,010,000 (2,967,500) (42,500) 620,650 - - 3,588,150 - - - GS-14003 GMR - Project 24 - 640,000 - - 640,000 - - - 3,100,000 - - GS-15000 GMR - Project 25 - - - - - - - - 659,000 3,200,000 - GS-16000 GMR - Project 26 - - - - - - - - - 678,200 3,300,000 GS-20000 GMR - Project 27 - - - - - - - - - - 700,000 GS-20001 GMR - Project 28 - - - - - - - - - - - Subtotal, Gas Main Replacement Program 4,292,210 3,650,000 (3,064,500) (186,995) 4,690,715 - - 3,588,150 3,759,000 3,878,200 4,000,000 TOOLS AND EQUIPMENT GS-13002 General Shop Equipment/Tools 70,106 100,000 (170,106) - - - - - - - - GS-01019 Global Positioning System - - - - - - - - - - - GS-03008 Polyethylene Fusion Equip.- - - - - - - - - - - GS-14004 Gas Distribution System Model 126,365 - 19,574 - 145,939 19,574 - 640,000 - - - Subtotal, Tools and Equipment 196,471 100,000 (150,532) - 145,939 19,574 - 640,000 - - - GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 33 | Page Gas Utility Capital Improvement Program (CIP) Detail (continued) Project #Project Name Reappropriated / Carried Forward from Previous Years Current Year Funding Budget Amendments Spending, Current Year Remaining in CIP Reserve Fund Commitments FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 ONGOING PROJECTS GS-11002 Gas System Improvements 202,373 231,913 (173,254) (77,393) 183,639 87,771 238,870 246,036 253,417 261,020 268,851 GS-03009 System Ext. - Unreimbursed 128,690 198,500 (334,679) (62,123) (69,612) - 204,455 210,590 216,908 223,415 230,117 GS-80019 Gas Meters and Regulators 304,927 355,030 (659,957) - - - 365,681 376,652 387,952 399,591 411,579 Subtotal, Ongoing Projects 635,990 785,443 (1,167,890) (139,516) 114,027 87,771 809,006 833,278 858,277 884,026 910,547 CUSTOMER CONNECTIONS (FEE FUNDED) GS-80017 Gas System Extensions 213,712 1,228,500 (1,209,764) (660,368) (427,920) 158,819 1,265,355 1,303,315 1,342,415 1,382,688 1,424,169 Subtotal, Customer Connections 213,712 1,228,500 (1,209,764) (660,368) (427,920) 158,819 1,265,355 1,303,315 1,342,415 1,382,688 1,424,169 GRAND TOTAL 5,613,383 5,763,943 (5,442,686) (988,442) 4,946,198 375,338 2,074,361 6,364,743 5,959,692 6,144,914 6,334,716 Funding Sources Connection Fees 1,017,000 (1,209,764) 1,047,510 1,078,935 1,111,303 1,144,642 1,178,981 Utility Rates 4,746,943 (4,232,922) 1,026,851 5,285,808 4,848,389 5,000,272 5,155,735 CIP-RELATED RESERVES DETAIL 6/30/2016 (Actual) 6/30/2017 (Unaudited) Reappropriations 5,345,914 4,570,860 Commitments 267,469 375,338 GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 34 | Page APPENDIX C: GAS UTILITY RESERVES MANAGEMENT PRACTICES The following reserves management practices shall be used when developing the Gas Utility Financial Plan: Section 1. Definitions a) “Financial Planning Period” – The Financial Planning Period is the range of future fiscal years covered by the Financial Plan. For example, if the Financial Plan delivered in conjunction with the FY 2015 budget includes projections for FY 2015 to FY 2019, FY 2015 to FY 2019 would be the Financial Planning Period. b) “Fund Balance” – As used in these Reserves Management Practices, Fund Balance refers to the Utility’s Unrestricted Net Assets. c) “Net Assets” - The Government Accounting Standards Board defines a Utility’s Net Assets as the difference between its assets and liabilities. d) “Unrestricted Net Assets” - The portion of the Utility’s Net Assets not invested in capital assets (net of related debt) or restricted for debt service or other restricted purposes. Section 2. Supply Fund Reserves The Gas Utility’s Supply Fund Balance is reserved for the following purposes: a) For existing contracts, as described in Section 4 (Reserve for Commitments) b) For operating and capital budgets re-appropriated from previous years, as described in Section 5 (Reserve for Re-appropriations) Section 3. Distribution Fund Reserves a) For existing contracts, as described in Section 4 (Reserve for Commitments) b) For operating and capital budgets re-appropriated from previous years, as described in Section 5 (Reserve for Re-appropriations) c) For cash flow management and contingencies related to the Gas Utility’s Capital Improvement Program (CIP), as described in Section 6 (CIP Reserve) d) For rate stabilization, as described in Section 7 (Rate Stabilization Reserve) e) For operating contingencies, as described in Section 8 (Operations Reserve) f) Any funds not included in the other reserves will be considered Unassigned Reserves and shall be returned to ratepayers or assigned a specific purpose as described in Section 9 (Unassigned Reserves) Section 4. Reserve for Commitments At the end of each fiscal year the Gas Supply Fund and Gas Distribution Fund Reserve for Commitments will be set to an amount equal to the total remaining spending authority for all contracts in force for the Wastewater Collection Utility at that time. Section 5. Reserve for Reappropriations At the end of each fiscal year the Gas Supply Fund and Gas Distribution Fund Reserve for Reappropriations will be set to an amount equal to the amount of all remaining capital and GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 35 | Page non-capital budgets, if any, that will be re-appropriated to the following fiscal year for each fund in accordance with Palo Alto Municipal Code Section 2.28.090. Section 6. CIP Reserve The CIP Reserve is used to manage cash flow for capital projects and acts as a reserve for capital contingencies. Staff will manage the CIP Reserve according to the following practices: a) The following guideline levels are set forth for the CIP Reserve. These guideline levels are calculated for each fiscal year of the Financial Planning Period based on the levels of CIP expense budgeted for that year. Minimum Level 12 months of budgeted CIP expense Maximum Level 24 months of budgeted CIP expense b) Changes in Reserves: Staff is authorized to transfer funds between the CIP Reserve and the Reserve for Commitments when funds are added to or removed from the Reserve for Commitments as a result of a change in contractual commitments related to CIP projects. Any other additions to or withdrawals from the CIP reserve require Council action. c) Minimum Level: i) Funds held in the Reserve for Commitments may be counted as part of the CIP Reserve for the purpose of determining compliance with the CIP Reserve minimum guideline level. ii) If, at the end of any fiscal year, the minimum guideline is not met, staff shall present a plan to the City Council to replenish the reserve. The plan shall be delivered by the end of the following fiscal year, and shall, at a minimum, result in the reserve reaching its minimum level by the end of the next fiscal year. For example, if the CIP Reserve is below its minimum level at the end of FY 2017, staff must present a plan by June 30, 2018 to return the reserve to its minimum level by June 30, 2019. In addition, staff may present, and the Council may adopt, an alternative plan that takes longer than one year to replenish the reserve, or that does so in a shorter period of time. d) Maximum Level: If, at any time, the CIP Reserve reaches its maximum level, no funds may be added to this reserve. If there are funds in this reserve in excess of the maximum level staff must propose to transfer these funds to another reserve or return them to ratepayers in the next Financial Plan. Staff may also seek Council approval to hold funds in this reserve in excess of the maximum level, if they are held for a specific future purpose related to the CIP. Section 7. Rate Stabilization Reserve Funds may be added to the Rate Stabilization Reserve by action of the City Council and held to manage the trajectory of future year rate increases. Withdrawal of funds from the Rate Stabilization Reserve requires Council action. If there are funds in the Rate Stabilization Reserve at the end of any fiscal year, any subsequent Gas Utility Financial Plan must result in the withdrawal of all funds from this Reserve by the end of the Financial Planning Period. GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 36 | Page Section 8. Operations Reserve The Operations Reserve is used to manage normal variations in costs and as a reserve for contingencies. Any portion of the Gas Utility’s Fund Balance not included in the reserves described in Section 4-Section 7 above will be included in the Operations Reserve unless this reserve has reached its maximum level as set forth in Section 8 d) below. Staff will manage the Operations Reserve according to the following practices: a) The following guideline levels are set forth for the Operations Reserve. These guideline levels are calculated for each fiscal year of the Financial Planning Period based on the levels of Operations and Maintenance (O&M) and commodity expense forecasted for that year in the Financial Plan. Minimum Level 60 days of O&M and commodity expense Target Level 90 days of O&M and commodity expense Maximum Level 120 days of O&M and commodity expense b) Minimum Level: If, at the end of any fiscal year, the funds remaining in the Operations Reserve are lower than the minimum level set forth above, staff shall present a plan to the City Council to replenish the reserve. The plan shall be delivered within six months of the end of the fiscal year, and shall, at a minimum, result in the reserve reaching its minimum level by the end of the following fiscal year. For example, if the Operations Reserve is below its minimum level at the end of FY 2014, staff must present a plan by December 31, 2014 to return the reserve to its minimum level by June 30, 2015. In addition, staff may present, and the Council may adopt, an alternative plan that takes longer than one year to replenish the reserve. c) Target Level: If, at the end of any fiscal year, the Operations Reserve is higher or lower than the target level, any Financial Plan created for the Gas Utility shall be designed to return the Operations Reserve to its target level by the end of the forecast period. d) Maximum Level: If, at any time, the Operations Reserve reaches its maximum level, no funds may be added to this reserve. Any further increase in the Gas Utility’s Fund Balance shall be automatically included in the Unassigned Reserve described in Section 9, below. Section 9. Unassigned Reserve If the Operations Reserve reaches its maximum level, any further additions to the Gas Utility’s Fund Balance will be held in the Unassigned Reserve. If there are any funds in the Unassigned Reserve at the end of any fiscal year, the next Financial Plan presented to the City Council must include a plan to assign them to a specific purpose or return them to the Gas Utility ratepayers by the end of the first fiscal year of the next Financial Planning Period. For example, if there were funds in the Unassigned Reserves at the end of FY 2015, and the next Financial Planning Period is FY 2016 through FY 2020, the Financial Plan shall include a plan to return or assign any funds in the Unassigned Reserve by the end of FY 2016. Staff may present an alternative plan that retains these funds or returns them over a longer period of time. GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 37 | Page Section 10. Intra-Utility Transfers Between Supply and Distribution Funds The Gas Utility records costs in two separate funds: the Gas Supply Fund and the Gas Distribution Fund. At the end of each fiscal year staff is authorized to transfer an amount equal to the difference between Gas Supply Fund costs and Gas Supply Fund Revenues from the Gas Distribution Fund Operations Reserve to the Gas Supply Fund, or vice versa. Such transfers shall be included in the ordinance closing the budget for the fiscal year. GAS UTILITY FINANCIAL PLAN April 1 2 , 2016 38 | Page APPENDIX D: DESCRIPTION OF GAS UTILITY COST CATEGORIES This appendix describes the activities associated with the various cost categories referred to in this Financial Plan. Customer Service: This category includes the Gas Utility’s share of the call center, meter reading, collections, and billing support functions. Billing support encompasses staff time associated with bill investigations and quality control on certain aspects of the billing process. It does not include maintenance of the billing system itself, which is included in Administration. This category also includes CPAU’s key account representatives, who work with large commercial customers who have more complex requirements for their gas services. Resource Management: This category includes gas procurement, contract management, rate setting, and tracking of legislation and regulation related to the gas industry. Operations and Maintenance: This category includes the costs of a variety of distribution system maintenance activities, including: • surveying the gas system (50% of the system each year) and repairing any leaks found; • investigating reports of damaged mains or services and perform emergency repairs; • building and replacing gas services for new or redeveloped buildings; and • testing and replacing meters to ensure accurate sales metering. This category also includes a variety of functions the utility shares with other City utilities, including: • the Field Services team (which does field research of various customer service issues); • the Cathodic Protection team (which monitors and maintains the systems that prevent corrosion in metal pipes and reservoirs); and • the General Services team (which manages and maintains equipment, paves and restores streets after gas, water, or sewer main replacements, and provides welding services, including certified gas line welding services) Administration: Accounting, purchasing, legal, and other administrative functions provided by the City’s General Fund staff, as well as shared communications services and Utilities Department administrative overhead and billing system maintenance costs. Demand Side Management: Includes the cost of administering gas efficiency programs and the direct cost of rebates paid. Engineering (Operating): The Gas Utility’s engineers focus primarily on the CIP, but a small portion of their time is spent assisting with distribution system maintenance. APPENDIX E: GAS UTILITY COMMUNICATIONS SAMPLES EXCERPTED DRAFT MINUTES OF THE APRIL 5, 2017 UTILITIES ADVISORY COMMISSION ITEM 3: ACTION: Staff Recommendation that the Utilities Advisory Commission Recommend that the City Council Adopt a Resolution Approving the Fiscal Year 2018 Gas Utility Financial Plan With no Changes to Gas Distribution Rates Senior Resource Planner Eric Keniston gave an overview of the Gas Utility financial forecast. No gas distribution rate change was proposed, but customers would see a bill increase as a result of the Carbon Neutral Gas Plan approved by Council in November 2016. A charge of up to ten cents per therm had been approved to buy offsets for all gas delivered within Palo Alto. Staff projected this would cost $1.3 million dollars in FY 2017, resulting in a projected 4% increase. This had not been highlighted in the projections presented at the March 2017 UAC meeting. However, aside from noting this impact, staff had no changes from the proposal presented at the March meeting. ACTION: Vice Chair Danaher made a motion to recommend Council approval of the staff recommendation. Commissioner Ballantine seconded the motion. The motion passed unanimously (5-0, with Chair Cook, Vice Chair Danaher and Commissioners Ballantine, Johnston, and Schwartz voting yes and Commissioners Forssell and Trumbull absent) ATTACHMENT C City of Palo Alto (ID # 8057) Finance Committee Staff Report Report Type: Action Items Meeting Date: 5/18/2017 City of Palo Alto Page 1 Summary Title: Follow-up Information on Water Utility Rate Comparisons Title: Follow-up Information on Water Utility Rate Comparisons From: City Manager Lead Department: Utilities Recommendation This is a discussion item and no action is required. Background At its April 4, 2017 meeting, the Finance Committee requested more information on why water bills for Palo Alto’s residential customers were higher than those of surrounding agencies. This report provides background on water utility benchmarking efforts undertaken since 2010. In addition, preliminary insights from a 2014 staff benchmarking effort are discussed. Discussion Staff has attached an April 15, 2014 Finance Committee staff report (Staff Report ID 4480, Discussion of Water Utility Benchmarking Studies and Future Work Plan) summarizing the results of past efforts in 2010 and 2013 (Attachment A). To supplement that report, Attachment B provides an informal 2014 staff analysis comparing CPAU water utility rates with several nearby agencies. The findings of the 2010, 2013 and 2014 benchmarking studies are largely consistent. Some of the key insights are: 1. As indicated by these analyses, it has long been recognized that water utility rates in Palo Alto are higher than some nearby agencies. It should be noted that CPAU’s relatively low electric and gas utility rates typically result in lower total utility bills for customers; however, water rates are relatively high and have been regularly reviewed over the past several years. 2. Comparison among agencies can be difficult due to varying system sizes, and benchmarking is complicated by factors unique to each agency such as geography, residential/commercial customer mix, and capital improvement practices. 3. Single family residential customer usage in Palo Alto is relatively high among the City of Palo Alto Page 2 comparison agencies, 25-35% above median, contributing to higher monthly bills. 4. Single family residential customers represent 41% of overall CPAU consumption, contrasting with 24% and 27% in Mountain View and Santa Clara, respectively. That means that a greater share of the water utility’s fixed costs are allocated to single-family customers than in other service territories since Palo Alto’s single-family customers use a greater share of system capacity than other agencies’ customers do. 5. Debt service currently constitutes roughly 7% of CPAU rates, primarily related to the El Camino Reservoir and related emergency storage projects. Many other systems have no debt service. 6. Operating costs are relatively high per square mile of urban service area. Salary and benefit costs are relatively high due to a greater number of employees than any comparison agencies. In part, the greater number of employees had to do with the greater number of miles of water main per customer, due to the less dense nature of Palo Alto’s urban core. Even with the Foothills areas omitted, Palo Alto has a lower population and customer density than other cities. Employee counts are much more comparable between Palo Alto and other cities when compared on the basis of number of employees per mile of water main. 7. Capital spending for distribution and water supply (excluding recycled water) was found to be substantially higher on an absolute (rather than normalized) dollar basis in Palo Alto, even though Palo Alto was the smallest of the five agencies in the study. That included both cash investments in capital spending and debt service costs (see Attachment B). Benchmarking is a complex exercise due to the different physical layouts of different systems, different consumption characteristics of the populations, and different methods of accounting, making it hard to discern clear, simple reasons for cost differences. Even choosing a basis for cost comparison can be challenging. For example, differences in consumption patterns can heavily skew comparison on a cost per CCF basis. Differences in the ratio of commercial to residential customers can skew a comparison on a cost per customer basis. A cost per mile of main comparison basis can be helpful for some types of costs, but hides differences in density of the service territories that affect customer bills, since customers in a less dense service territory require a greater length of water main to serve each customer, leading to higher bills for each customer in a less dense territory. These differences are addressed in the 2014 benchmarking study. Benchmarking is an ongoing effort, as is cost-effectiveness review and implementation of operational changes. Staff is continuing to review opportunities for improving efficiency and minimizing customer rates, and will report to the Committee and Council as this effort proceeds. Timeline Staff plans to schedule further discussions of this topic in the fall of 2017. Resource Impact City of Palo Alto Page 3 These discussions will be accomplished with existing staff. No additional resources are required. Policy Implications There are no policy implications associated with a discussion of water utility operating costs and rates. Environmental Review Discussion of water utility operating costs and rates does not meet the California Environmental Quality Act’s definition of a project, pursuant to Public Resources Code Section 21065, thus no environmental review is required. Attachments:  Attachment A: Staff Report ID 4480, Water Utilities Benchmarking Review and Future Work Plan  Attachment B: Comparison of Capital Spending by Water Utility  Attachment C: Final Excerpted Minutes of the April 15, 2014 Finance Committee Meeting City of Palo Alto (ID # 4480) Finance Committee Staff Report Report Type: Action Items Meeting Date: 4/15/2014 City of Palo Alto Page 1 Summary Title: Water Utility Benchmarking Review and Future Work Plan Title: Discussion of Water Utility Benchmarking Studies and Future Work Plan From: City Manager Lead Department: Utilities Recommendation This report presents two benchmarking studies previously done of the City’s Water Utility, and presents some possible future areas for analysis. No action is required, but staff requests input on its work plan regarding future benchmarking for the Water Utility. Executive Summary The Water Utility’s rates have been rising over the last several years, primarily due to seismic upgrades to the Hetch Hetchy system that are leading to steeply increasing wholesale water costs, a large investment in the utility’s emergency water supply and storage system, and the levels of investment required to maintain and replace Palo Alto’s aging distribution mains. The rising water rates have led to increased interest in the difference between Palo Alto’s rates and the rates of those neighboring agencies who also receive water from the Hetch Hetchy system. Two benchmarking studies of the Water Utility have been performed in the last several years. The first, completed in 2010 and based on Fiscal Year (FY) 2009, focused only on the Water Utility. The second was done as part of an organizational assessment done by SAIC for the City and delivered on March 18, 2014. The common theme in these studies is that Palo Alto has older water infrastructure than other agencies and has higher levels of capital investment and operations and maintenance expense as a result. Staff is planning to complete a deeper analysis of some of these questions in 2014, and has listed some topics for further investigation later in this report. Staff would like the Finance Committee’s comments on its work plan. ATTACHMENT A City of Palo Alto Page 2 Background This report is offered in response to a recommendation by the Finance Committee during the FY 2014 budget process in May of 2013. The Finance Committee asked staff to return at a later date for a review of the City’s water costs. This topic has been discussed in depth once before, in 2010, and a recent analysis by SAIC also addressed some of these issues. In addition, staff did some of its own preliminary analysis in late 2013 in an attempt to delve more deeply into some of the issues raised by these two studies. Staff presented some of this preliminary analysis to the Utilities Advisory Commission (UAC) at its January 8, 2014 meeting, and the UAC recommended completing more in-depth analysis before proceeding to the Finance Committee. Staff concurs, and is providing this report as background for the Finance Committee on the results of previous benchmarking efforts, and to provide an opportunity for the Committee to communicate any specific questions it would like to have addressed. Discussion The City has completed two benchmarking studies in the last several years related to the City’s Water Utility. 2010 Benchmarking Study In 2010 the City hired HF&H Consultants to perform a benchmarking study that focused solely on the Water Utility. This study sought to answer the following questions: 1. Why are the City of Palo Alto Utilities’ (CPAU’s) water rates higher than neighboring utilities? 2. How does the Water Utility budget compare with other neighboring utilities? 3. What qualitative and quantitative information explains the differences in major cost categories, such as water purchase costs, operations costs, staff costs, and capital costs? 4. How do the neighboring utilities compare with respect to the state of their respective utility infrastructures, emergency preparedness, and reliability? 5. What are CPAU customers getting for the extra money collected for water utility services? HF&H compared the Water Utility with Redwood City, Mountain View, Milpitas, Hayward, Santa Clara, and California Water Service Company’s Bear Gulch District. The consultant found that CPAU’s rates were higher than average for several reasons: City of Palo Alto Page 3 1. The Water Utility puts more staff resources and capital into maintaining and replacing its older facilities. 2. Economies of scale are greater for the comparison cities. 3. Palo Alto’s service area is more broadly spread, with more pumping zones, all of which makes it more expensive to serve. 4. Palo Alto experiences more seasonal variation in its demand, which requires a higher level of operating capability. 5. Palo Alto provides a higher quality of service, with a lower number of complaints received and a lower number of system outages. 6. Palo Alto’s cost of water supplies is higher than some of the agencies that purchase some water from Santa Clara Valley Water District and/or pump groundwater. HF&H’s Water Utility Benchmarking Study was presented to the Finance Committee on November 2, 2010 (CMR: 393:10). That report is provided as Attachment A. 2014 SAIC Organizational Assessment On March 18, 2014, the Finance Committee received a report from SAIC Energy, Environment & Infrastructure, LLC describing an organizational assessment of CPAU as a whole. The report found that CPAU was a “well-run, reliable, and innovative organization,” and that its water utility was “performing well,” though it should continue its efforts to manage O&M costs and water supply costs. To form these conclusions SAIC benchmarked the Water Utility against a number of other water utilities across California and in other parts of the country. The results are shown in the table below that was taken from the SAIC study. City of Palo Alto Page 4 Benchmarking Results from SAIC Study CPAU Results (CY 2011) Measure Better than Average At or Near Average Worse Than Average Water Revenue per Million Gallons Delivered (Fig. 3-17) √ Net Income per Revenue Dollar (Fig. 3-18) √ Retail Water Customers per FTE (Fig. 3-19) √ O&M Expense per Million Gallons (Fig. 3-20) √ O&M Expense per Water Retail Customer (Fig. 3-21) √ O&M Expense per Mile of Water Main (Fig. 3-22) √ A&G Expense per Retail Water Customer (Fig. 3-23) √ A&G Expense per Million Gallons Processed (Fig. 3-24) √ Million Gallons per Day Delivered per FTE (Fig. 3-25) √ Average Monthly Residential Water Bill (Fig. 3-26) √ SAIC noted that CPAU was worse than average on Operation and Maintenance (O&M) expense per mile of water main and in water delivered per Full-Time Equivalent (FTE). The consultant attributed higher O&M expense to the higher attention paid to its older water infrastructure, noting that CPAU, unlike most other utilities, is currently implementing an aggressive water distribution system infrastructure replacement program. The consultant also urged caution in interpreting the water delivery numbers, since Palo Alto appears to directly allocate administrative and customer service FTEs to its utility in contrast to other utilities that do an indirect allocation of overhead costs. This artificially deflates CPAU’s water delivery per FTE. Future Staff Work Plan Staff has done some preliminary analysis of the Water Utility’s typical comparison agencies, and has come to similar initial conclusions as HF&H and SAIC. Palo Alto was developed earlier than the comparison cities and has maintained lower growth rates than its neighbors, which is likely responsible for its substantially older infrastructure. This older infrastructure requires higher levels of Capital Improvement Program (CIP) and O&M investment. Palo Alto has been aware of this need for a long time. In 1990 an in-depth assessment of infrastructure costs was performed that found that CPAU’s aging water infrastructure required an increased level of investment to maintain the health of the system. As the accelerated main replacement program ramped up, CPAU’s rates went from being comparable to its neighboring agencies to City of Palo Alto Page 5 being above them. By 2000, CPAU’s average residential bill was as high relative to other agencies as it is today. This suggests that infrastructure, both for SFPUC’s regional water system and CPAU’s local distribution system, is the main driver of CPAU’s high water rates relative to other agencies. Staff has also found some other avenues that are worth investigating, including the following: 1. CPAU bills are not necessarily the highest for all customer classes and usage levels. This is because allocations of system costs between residential and non-residential customers appear to differ from utility to utility. Presumably these differences in allocations are due to different service territory characteristics, since most utilities use similar cost allocation methodologies. 2. Different agencies have different ratios of units of water delivered per mile of water main, which affects rates. The lower cost comparison agencies tended to deliver more water per mile of main, meaning that the maintenance costs for each mile of main were spread over more sales units, leading to lower rates. This is reflective of the fact that Palo Alto is more spread out than its neighboring cities, as noted in the 2010 Benchmarking Study, meaning that more mains are required to deliver water to the same number of customers. Staff plans to extend its preliminary analysis over the course of 2014 to answer a variety of other questions, if possible. Since the data required to answer these questions is not easily found in a comparable format in public documents, it will require the cooperation of other agencies. The extent to which staff can answer these questions depends on the extent to which these agencies are willing to take the time to extract the data and answer clarifying questions about it. Some of the questions staff will seek to answer are: 1. Taking into account the physical differences between service territories, how do CPAU’s O&M costs compare to those for other BAWSCA agencies? 2. How do CPAU’s administration, allocated overhead, and customer service costs compare to other BAWSCA agencies? 3. How do CPAU’s salaries and benefits compare to other BAWSCA agencies? 4. How are costs allocated between residential and non-residential customer classes for comparable BAWSCA agencies, and what drives those allocations? 5. How would costs need to change for rates to become competitive? Staff welcomes comments on these questions and suggestions for additional avenues of inquiry to be incorporated into the study. City of Palo Alto Page 6 Timeline Staff plans to complete its review by December 2014 and will return to the UAC and Finance Committee with its conclusions. Resource Impact Staff estimates it will require approximately 0.1 FTE in 2014 to complete this analysis. This will be absorbed with existing staff. Environmental Review The Finance Committee’s discussion of these benchmarking studies does not meet the definition of a project, pursuant to Section 21065 of the California Environmental Quality Act, thus no environmental review is required. Attachments:  Attachment A: CMR 393:10 Water Utility Benchmark Study (PDF) TO: HONORABLE CITY COUNCIL FROM: CITY MANAGER DEPARTMENT: UTILITIES ATTENTION: FINANCE COMMITTEE DATE: NOVEMBER 2, 2010 CMR: 393:10 SUBJECT: Water Utility Benchmark Study This report is informational only and no action is required. EXECUTIVE SUMMARY Staff has received comments in various forums that the City’s water rates have been among the highest in the region. The water utility benchmarking study was conducted by an outside consultant to obtain an independent assessment of the factors that could explain this difference. This study compared the City’s water utility with six nearby water suppliers. The study revealed that the City does have higher water purchase cost than average as it gets all of its water supplies from San Francisco, which is more expensive than groundwater or other supplies from the Santa Clara Valley Water District. In addition, due to its size, Palo Alto does not benefit from the economies of scale available to larger agencies. Palo Alto’s water system is more expensive than average to operate since the City is spread out and includes sparser development in hillier terrain. Palo Alto’s main distribution pipelines are also the oldest within the group, and older infrastructure is more expensive to maintain and replace. Another objective of the benchmarking study was to identify benefits that Palo Alto rate payers may receive from the higher rates they pay. The study indicates that Palo Alto provides a higher quality of service based on the lower number of complaints received and fewer system outages. BACKGROUND During its review of the Utilities long-term financial projections and the review of the Fiscal Year (FY) 2011 budget in the Spring of 2010, the Utilities Advisory Commission (UAC) and the Finance Committee recommended that a benchmark study for the Water Utility be prepared. Staff engaged a consultant (HF&H Consultants, LLC) to complete the benchmarking study. This report summarizes the findings of the study, which staff presented to the UAC at its October 6, 2010 meeting. CMR: 393:10 Page 1 of 6 Current Rates and Bills For further background information the following two figures compare monthly bills using current water rates. Several cities implemented water rate increases in FY 2011 while Palo Alto has not increased water rates since July 1, 2009. These later water rate increases were not incorporated in the bill comparisons provided in the consultant report. The figure below represents monthly bills for single-family residential customers using current water rates. Hayward is shown twice in the following two figures, outer city rates (Hayward-O) and inner city rates (I). Palo Alto  Redwood City  Mountain View  Milpitas  Hayward ‐I Hayward ‐O Santa Clara  Bear Gulch ‐MP  $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 Mo n t h l y  Bi l l  ($ ) Usage Per Monthly Bill (CCF) Single Family Residential Monthly Bills Benchmark City Comparisons    5/8" meter  Water bills for non-residential customers are shown in the chart below for different usage levels. Note that although bills in Palo Alto are higher than average, they are not the highest in the group of comparator cities. CMR: 393:10 Page 2 of 6 Palo Alto Redwood City  Mountain View  Milpitas  Hayward ‐I Hayward ‐O Santa Clara  Bear Gulch ‐MP  $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 0 250 500 750 1000 1250 1500 1750 2000 Mo n t h l y  Bi l l  ($ ) Usage Per Monthly Bill (CCF) Commercial Monthly Bills Benchmark City Comparisons   5/8" meter  DISCUSSION Study Objectives and Approach Given the concerns expressed by the UAC and the Council Finance Committee about Palo Alto’s water rates, staff initiated a benchmark study for the Water Utility in May 2010. The objective of the study was to develop benchmarks to provide insight into key questions such as: o Why are Palo Alto water rates higher than neighboring cities? o How does Palo Alto’s water utility budget compare with others? o What qualitative and quantitative factors explain the differences? o How does Palo Alto’s infrastructure, emergency preparedness and reliability compare with its neighbors? o What benefits do Palo Alto rate payers receive from higher rates? Six neighboring cities with comparable size and location were selected for the benchmark comparisons. The scope of the study was defined to capture information from readily available documents on the benchmarks identified in the first phase and then, as a potential second phase, to conduct further evaluation of the most informative benchmarks. HF&H Consultants, LLC completed the first phase of the study and then staff followed up with further surveying and CMR: 393:10 Page 3 of 6 compiling additional information from the benchmark cities. The Water Utility Benchmark Study is provided as Attachment A. The study focused on areas such as: o Rate structures and related charges o Service area and customer characteristics o Operating and capital budgets o Infrastructure condition o Staffing and operational requirements o Quality of service Study Conclusions 1. Service Area and Infrastructure Benchmarks The benchmark cities selected have the overall characteristics shown in the following table: City Population Service Area (square miles) Water Deliveries (million gallons per day) Palo Alto 63,400 26.0 12.3 Hayward 150,878 62.5 18.6 Milpitas 70,817 13.6 11.2 Mountain View 74,762 12.0 11.4 Redwood City 83,895 35.0 10.4 Santa Clara 117,242 19.3 22.2 California Water Company’s Bear Gulch District (serves parts of Menlo Park, Atherton and Woodside) 57,108 45.3 13.1 The study concluded that Palo Alto’s population is smaller than average and, therefore, does not benefit from economies of scale, suggesting higher costs to serve its customers. In addition, Palo Alto is less densely populated which may imply higher cost per capita for service. Palo Alto has larger single family home lot sizes suggesting higher water use for irrigation. This results in a higher ratio of peak to average usage translating to costlier service requirements. 2. Water Use Benchmarks Palo Alto’s overall average water usage per account is about the same as the average for the group. Comparing single family water use per account with the average for the group yields a similar result. However, Palo Alto’s single-family residential customers water use per account is actually the second highest after Bear Gulch, which has very different characteristics (much larger average lot size). This provides one reason for higher average residential water bills. Palo Alto’s fraction of “lost and unaccounted for” water (total sales volumes divided by total purchase volumes) is in line with the industry average of 8-9%. Santa Clara’s fraction of lost and unaccounted for water was extremely low and could partly explain their low water rates. Staff examined Santa Clara’s policy regarding minimizing their water losses. Staff will further investigate whether similar emphasis on reducing water losses could have a significant impact on Palo Alto’s costs. CMR: 393:10 Page 4 of 6 3. Operations and Maintenance (O&M) Benchmarks O&M benchmarks can be used to determine how efficient water distribution operations are. The study found that Palo Alto mains are the oldest average age in the benchmark cities. This suggests that the City’s infrastructure is more expensive to maintain. In addition, Palo Alto has a higher variation between peak and minimum month flows, which would suggest the need for greater infrastructure needs (and cost) to meet peak flow requirements, and greater operational cost to serve a wider range of flows. Palo Alto has a greater number of employees per gallon delivered and per account. However, other cities use staff from other departments for services such as meter reading and billing and pay for these services in the form of an allocation, rather than directly in employee costs. In addition, Palo Alto does its own engineering design in-house while other entities contract out for these services. Overall, Palo Alto’s operations costs are somewhat higher than average, which is consistent with the higher level of service provided and Palo Alto’s lower economy of scale. 4. Quality of Service Benchmarks Palo Alto receives below average complaints for taste, odor, turbidity, and high or low pressure problems. These factors indicate that customer satisfaction is higher than average in Palo Alto. In addition, Palo Alto has fewer outages per gallon of water delivered and per mile of main suggesting better system maintenance and operations. 5. Utility Infrastructures, Emergency Preparedness, and Reliability Palo Alto plans to replace its water utility infrastructure within the average service lives of the facilities, which is a more aggressive replacement plan than other utilities. Palo Alto’s incidence of main breaks, leaks, and outages is below average, which is further evidence of higher/better reliability. Although Palo Alto has less storage capacity than average, and, therefore, could be viewed as less reliable, the City is in the process of constructing additional storage. 6. Other Conclusions Water purchase costs Palo Alto currently pays more for water than the average benchmark comparator since some of the agencies use less expensive groundwater or treated water from the Santa Clara Valley Water District. In addition, other agencies supplement their supplies with recycled water, the full cost of which may not be included in their water utility budgets. Palo Alto is currently entirely reliant on the San Francisco Public Utilities Commission (SFPUC) for its drinking water supply. The cost of SFPUC’s water will increase steeply in the next few years before leveling off. In anticipation of these cost increases, Palo Alto has set its rates to generate reserves to smooth out the increased cost. Capital costs (past, present and projected) Since Palo Alto’s main distribution lines are the oldest within the group, Palo Alto has aggressively invested in facilities to improve system reliability and in programs to improve its water use efficiency. Palo Alto’s Capital Improvement Plan (CIP) expenditure levels are CMR: 393:10 Page 5 of 6 generally higher than other benchmark cities. Some of the benchmark cities also receive significant revenues from connection fees that are used to fund capital improvements. Rent Palo Alto's Water Utility pays rent to the City's General Fund for its use of land. Palo Alto's costs in this category are generally higher than other cities. ATTACHMENTS A. Water Utility Benchmark Study B. Draft minutes from the UAC October 6,2010 meeting PREPARED BY: REVIEWED BY: DEPARTMENT APPROVAL: CITY MANAGER APPROVAL: CMR: 393:10 IPEKCONNOLLY -'C- Senior Resource Planner 1':11 SHIV A SWAMINATHAN "'(;ib Senior Resource Planner DEBBIE LLOYD J) L Acting Assistant Director, Resource Management ~Pclt-~ JAMES KEENE City Manager Page 6 of6 HF&H CONSULTANTS, LLC Managing Tomorrow’s Resources Today 201 North Civic Drive, Suite 230 Robert D. Hilton, CMC Walnut Creek, California 94596 John W. Farnkopf, PE Tel: (925) 977-6950 Laith B. Ezzet, CMC Fax: (925) 977-6955 Richard J. Simonson, CMC hfh-consultants.com Marva M. Sheehan, CPA TECHNICAL MEMORANDUM To: Ipek Connolly, City of Palo Alto Jane Ratchye, City of Palo Alto From: John Farnkopf, HF&H Consultants, LLC Sima Mostafaei, HF&H Consultants, LLC Greg Trueblood, HF&H Consultants, LLC Date: September 21, 2010 Subject: Water Utility Benchmarking Study This technical memorandum summarizes the results of our benchmarking study performed for the City of Palo Alto Utilities (CPAU) to assist in its rate-setting process and potentially other purposes such as operational performance evaluation. This study evaluated benchmarks at a reconnaissance level based on readily available data within the project schedule and contract budget. This technical memorandum contains the following sections: I. Introduction II. Service Area Benchmarks III. Water Use Benchmarks IV. O&M Benchmarks V. Quality of Service Benchmarks VI. Expense and Revenue Benchmarks VII. Rate Benchmarks VIII. Customer Bill Benchmarks IX. Findings X. Concluding Remarks and Possible Next Steps Additional detail is included in the appendix. I. Introduction As part of its process of continuous self-assessment, the CPAU compares its utility rates with similar neighboring cities. It has been observed and reported that the City’s water rates have been among the highest in the region. The need for a benchmarking study stemmed from the desire by the CPAU to obtain an independent assessment of the City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 2 factors that explain this difference. The purpose of the study is to provide answers to the following questions: 1) Why are CPAU water rates higher than other neighboring utilities? 2) How does the CPAU water utility budget compare with other neighboring utilities? 3) What qualitative and quantitative information explains the differences in major cost categories (e.g., water purchase costs, operations costs, staff costs, capital costs (past, present, and projected), transfers out). 4) How do the neighboring utilities compare with respect to the state of their respective utility infrastructures, emergency preparedness and reliability? 5) What are CPAU customers getting for the extra money collected for water utility services? In this study, the City of Palo Alto’ water utility was compared with six other water suppliers: the Cities of Redwood City, Mountain View, Milpitas, Hayward, and Santa Clara and California Water Service Company’s Bear Gulch District.1 Within this group, there is considerable variation in size, as shown below. As can be seen, there are some disproportionate relationships. For example, Palo Alto’s and Cal Water’s surface areas are large given their populations; Santa Clara’s surface area for its population is comparatively small. Such examples illustrate the difficulty in making statistical comparisons with a sample size of seven in which there may be outliers that can skew the statistics and when data were not always available for all seven agencies. In the text of this report, Palo Alto is compared against the mean for the group and the highest and lowest individual values. This comparison is intended to simplify understanding each benchmark. Readers are urged, however, to also review the appendix, which shows the values for each agency. In this way, the affects of disproportionate relationships, outlier values, and missing data can aid in drawing conclusions. Documents from readily available sources were used in preparing this study. For most but not all of the seven agencies, the following documents were reviewed: • Budgets • Comprehensive Annual Financial Reports 1 Cal Water is unusual among the agencies studied. It is the only member of the group that is a regulated water company; all the others are cities. It serves a disproportionately high single-family residential population in affluent portions of Menlo Park, Atherton, and Woodside whose customers have large lots. City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 3 • Capital improvement programs • Urban Water Management Plans • Drinking Water Reports • Master fee schedules • Official statements • General Plans • Service Efforts and Accomplishments Report and other reports specific to Palo Alto only • Written responses provided by cities to the survey conducted by CPAU staff Over 60 published source documents exceeding 5,000 pages were relied upon. In a few cases, telephonic interviews were also conducted. In addition to HF&H’s research, CPAU staff conducted additional targeted surveys and interviews to supplement in areas of the greatest interest such as the condition of infrastructure, past and projected capital improvement programs, funding sources, areas of staff deployment, and capital improvement plan implementation. In view of the large volume of data and limited resources available for research and analysis, this study should be regarded as a reconnaissance level study, as was intended within the scope of services for this project. The data extracted from these documents represents a recent timeframe, but not the same timeframe for each benchmark or for each agency. As such, the report represents conditions typically ranging from the last few years up to the current year, depending on the benchmark. Whereas benchmarks concerning historical trends can extend into prior decades, benchmarks concerning rates reflect rates that are either currently in effect or adopted but not yet effective. II. Service Area and Infrastructure Benchmarks Service area benchmarks compare general differences in the service areas that could lead to differences in providing service. Infrastructure benchmarks combined with service area benchmarks allow for additional definition of the physical differences among the agencies. Figure 1 summarizes the key benchmarks that were evaluated. Palo Alto’s population ranks it smaller in the sample and, as a result, Palo Alto does not benefit from the economies of scale available to larger agencies. Palo Alto also appears to be less densely developed compared to the mean for the group based on the number of residents and accounts per square mile and the miles of main per square mile. In effect, Palo Alto’s water utility infrastructure may be spread over a larger area. It is likely that Palo Alto may have significant undeveloped open space compared to the other agencies.2 2 This could be verified by reviewing land use data. City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 4 Figure 1. Service Area and Infrastructure Benchmarks Benchmark Palo Alto Mean Palo Alto vs. Mean High Low Significance of Benchmark Service area characteristics Population 63,400 88,300 -28%150,878 57,108 Size affects economies of scale. Population growth over last ten years 8.6%8.2%4%17.9%-1.7%Growth affects need to expand. Accounts 19,443 21,777 -11%32,382 16,463 Size affects economies of scale. Surface area (square miles) 26.0 30.5 -15%62.5 12.0 Size affects economies of scale. Residents per square mile 2,438 3,717 -34%6,230 1,261 Population density; larger is denser. Accounts per square mile 748 900 -17%1,436 405 Development density; larger is denser. Average Temperature (deg F)58.0 57.0 2%59.2 48.6 Irrigation needs; lower is cooler. Average annual precipitation (in) 15.37 16.35 -6%19.81 14.03 Irrigation needs; lower is drier. Infrastructure Miles of distribution mains 219 262 -16%350 175 Accounts per mile of main 89 84 5%98 57 Infrastructure density; larger is denser. Miles of main per square mile 8.42 10.51 -20%15.28 5.60 Infrastructure density; larger is denser. Average age of distribution mains (years)61 45 34%61 33 Age affects need for O&M and R&R Capital Assets (net book value) Capital assets per account $3,288 $3,085 7%$5,087 $1,541 Investment Capital assets per hcf $10.65 $10.14 5%$19.73 $5.51 Capital assets per square mile $2,458,500 $2,553,050 -4%$3,528,231 $798,273 Infrastructure concentration Palo Alto’s average temperature is slightly above average and its precipitation is slightly below average, the combined effect of which is a slightly higher irrigation requirement for similar landscapes. Land use is also a significant influence in irrigation water use.3 Larger lots in hotter, drier climates can lead to higher irrigation water use. The values reported by the agencies indicated that Palo Alto’s distribution mains are the oldest within the group. Older infrastructure is more expensive to maintain and replace. The value of Palo Alto’s capital assets per account and per unit of water delivered is slightly higher than the mean. Because of Palo Alto’s sparser development, the value of its capital assets per square mile is slightly less than the mean. III. Water Use Benchmarks Water use benchmarks can indicate relative water use efficiency. More efficient water use is presumed to be less expensive to supply per account. Palo Alto’s single-family residential water use is near average for the group. Palo Alto’s multi-family use is much less than average because it has fewer, smaller multi-family accounts. Palo Alto’s commercial, institutional, and industrial (CII) use is somewhat above average. Overall, for all its classes, Palo Alto’s average use per account is near the average. 3 A review of land use data could indicate differences in average lot size, which would assist in understanding differences in irrigation among the agencies. City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 5 Figure 2. Water Use Benchmarks Losses are an indicator of a number of broad conditions. Systems with low losses can have better maintained distribution mains with pressures held within recommended limits so that leaks and breaks are minimized. Systems with low losses can also indicate better controlled reservoirs with fewer spills and more accurate and better maintained meters. Based on published sources,4 Palo Alto’s water losses are below average.5 City staff partially attributes the low losses to inaccurate SFPUC master meters, which under- record deliveries to the City; other factors are also pending further review. Other agencies in the group reported low losses due to under-recording SFPUC meters. As a result of the lack of accurate data on losses, it is not possible to make meaningful comparisons about losses. However, based on Palo Alto’s internal water loss reports, Palo Alto’s losses are within industry norms. IV. O&M Benchmarks Operations and Maintenance (O&M) benchmarks indicate how service area and water use characteristics affect O&M. Palo Alto’s O&M benchmarks suggest areas that could lead to higher operating costs. For example, the employee data indicate that Palo Alto uses more employees per millions of gallons delivered than the average for the group and has fewer accounts per employee. Benchmarks relying on the number of employees are problematic because of the differences among the agencies in how they account for staff. For example, the CPAU includes its meter reading staff as part of its water utility; other cities provide these staff from other departments, which may result in undercounting their water utility staff. In other cases, attributions of public works or other non-water utility staff to an agency’s water utility may use approximate formulae rather than direct attribution from time 4 Bay Area Water Supply and Conservation Agency Annual Survey, FY 2008-09. 5 Palo Alto has subsequently verified that the water losses are in the 8% to 9% range, in line with industry average. City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 6 sheets. Palo Alto also provides its own design staff, whereas some of the other agencies contract design work to consultants. Figure 3. O&M Benchmarks Benchmark Palo Alto Mean Palo Alto vs. Mean High Low Significance of Benchmark Operations and maintenance Mgd per employee 0.28 0.36 -22%0.49 0.28 Efficiency; larger is more efficient. Accounts per employee 445 576 -23%745 445 Efficiency; larger is more efficient. Miles of main per O&M employee 8.4 12.7 -34%17.7 8.4 Efficiency; larger is more efficient. Mgd per O&M employee 0.47 0.72 -35%1.07 0.47 Efficiency; larger is more efficient. O&M employees as a percent of total employees 59%52%15%64%40% Load factors Peak month to average monthly demand 1.50 1.45 4%1.70 1.25 Design conditions; smaller is better. Peak month to minimum monthly demand 3.21 2.52 28%4.26 1.57 Operational extremes; smaller is better. Mgd per booster pump station 2.05 1.64 25%2.65 0.22 Pumping cost; larger is more expensive. Square miles per pressure zone 3.25 4.28 -24%10.42 1.22 Pumping cost; smaller is more expensive. Square miles per booster pump 4.33 4.05 7%8.93 0.77 Pumping cost; smaller is more expensive. Days of Storage 0.85 1.35 -37%2.04 0.84 Emergency preparedness; larger is better. Gallons of potable storage per account 540 854 -37%1,071 540 Emergency preparedness; larger is better. Load factors indicate a higher variation of flow between peak and minimum month flows. Higher load factors can require greater operational skill, instrumentation, etc. in serving a wider range of flows. Higher load factors will also lead to designing larger, more expensive facilities to meet peak flows. In Palo Alto’s case, its hillier and more extended service area calls for higher pumping rates with the associated increase in power cost. Palo Alto’s distribution system storage is below average compared with the group. Further evaluation of this metric is needed to confirm that the data are comparable (some of the other agencies in the sample have raw water storage that may have been included with their treated water storage). We note that the City is currently constructing additional storage that is not included in this report. V. Quality of Service Benchmarks O&M practices are ultimately reflected in the quality of service, which reflects customer complaints and outages. Based on recent Drinking Water Reports submitted to the Department of Public Health, Palo Alto’s complaints are overall below average, specifically in taste and odor, turbidity, and high or low pressure. Palo Alto also has fewer outages per million gallons per day (mgd) and per mile of main. City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 7 Figure 4. Quality of Service Benchmarks VI. Expense and Revenue Benchmarks Palo Alto’s service area characteristics (specifically population size and distribution and infrastructure age) contribute toward more costly operations. In meeting its operational challenges, Palo Alto provides a comparatively high level of service. This level of service comes at a cost, however, as indicated by the financial benchmarks in Figure 5. Figure 5. Financial Benchmarks Benchmark Palo Alto Mean Palo Alto vs. Mean High Low Significance of Benchmark Expenses Total expenses (excl non-oper revenue)$25,903,000 $21,548,215 20%$27,088,382 $17,006,605 Magnitude of expenditures Budgeted expenses per account $1,332 $1,013 32%$1,332 $837 Cost of providing service; lower is cheaper. Operations O&M cost per account $338 $288 17%$444 $150 Cost of operations. Salary and benefits per employee $123,822 $119,191 4%$143,833 $96,667 Salary cost. Average cost of purchased water ($/hcf)$0.17 $0.15 12%$0.17 $0.12 Supply cost. Cost of purchased water as % of total budget 40%49%-18%58%34%Cost of supply (SFPUC and SCVWD).Recent Annual CIP (within last 10 years)$4,100,000 $2,925,000 40%$4,400,000 $750,000 Magnitude of expenditures Current Annual Capital Improvements Annual CIP expense $6,298,750 $4,432,725 42%$6,298,750 $2,125,000 Magnitude of expenditures Annual CIP expense per account $324 $218 48%$370 $66 Annual CIP expense per hcf $1.05 $0.69 52%$1.11 $0.23 Annual CIP expense per employee $144,136 $101,568 42%$144,136 $41,262 Annual CIP expense per mile of main $28,761 $19,160 50%$29,975 $6,071 Annual CIP expense compared to depreciation 538%337%60%558%108%Funding depreciation Debt service as a percent of total budget 14%7%100%14%3%Indebtedness. Debt service, per account $184 $83 122%$184 $28 Indebtedness. Rent as a percent of expenses 7%3%148%8%0%Revenues Total annual revenue per account $1,489 $1,108 34%$1,489 $859 Customer cost; larger is more expensive. Connection fee revenue as a percent of rate rev 2.4%2%42%8%0%Cost recovery from growthConnection fees per 3/4" connection $3,600 $3,825 -6%$5,726 $1,787 Contributes toward funding capital projects. Palo Alto’s overall budgeted operating and capital expenses per account are 32% higher than the mean. Although O&M costs per account are 17% higher, salary costs are close to average per employee. Palo Alto’s cost of water is slightly above average because its sole source of supply is the SFPUC and less expensive alternatives such as groundwater are not currently being used. Palo Alto’s cost of purchased water as a percent of the total budget is not as high because Palo Alto has other expenses (e.g., debt service, rent paid on land for water infrastructure) that are not present to such a degree in the other agencies’ budgets. City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 8 Palo Alto’s annual capital expenditures are higher for all of the benchmarks. The amount by which Palo Alto’s average annual CIP currently exceeds depreciation indicates that Palo Alto’s CIP more than keeps up with depreciation and is much higher than the average for the group. Palo Alto’ Water Fund pays rent to the General Fund. Other agencies have a similar charge (although they may not characterize it as rent). Palo Alto’s charge is higher than the mean. Palo Alto’s annual revenues per account need to cover its higher expenses. We note that Palo Alto’s connection fees, which produce revenue from growth to offset capital expenses, are near average; the associated revenue is dependent on growth rates that vary among the agencies. Revenue from connection fees can fund significant portions of capital improvement programs, thereby taking some of the pressure off rates. VII. Rate Benchmarks Rate benchmarks aid in understanding the impact of costs on rates and the question of whether rates are commensurate with costs and the level of service. For this benchmark, there are two components: quantity charges and service charges, the sum of which comprises the bill. A customer’s quantity charge will depend on its water use, and the service charge depends on the size of the service. The combined structure of these two rate components must be designed to meet the agency’s rate-making objectives, among which are typically revenue sufficiency and water conservation. Figure 6 graphically compares the current adopted residential quantity charges for each of the members of the group, some of which rates have not increased recently (e.g., Palo Alto) and some of which have increased significantly. All of the members have tiered rates.6 Palo Alto’ rates are initially higher than the other agencies in the group but not for demand beyond 25 hcf, at which point Mountain View’s and Redwood City’s rates are higher. Hence, claims that “Palo Alto’s rates are the highest” are over simplify the case. Figure 7 provides benchmarks related to rate design, which are useful in understanding the relationship between each member’s costs and the rate structure designed to generate revenue to recover its costs. Palo Alto’s residential quantity charges have fewer tiers than the average. Palo Alto’s residential tiers step up quickly, which provides a strong price signal but the ratio of the top tier to lowest tier is not as great as the average. Palo Alto’s quantity charges are generally higher, but that is consistent with also having lower service charges for the majority of its customers. For an average residential 6 Santa Clara’s minimum charge structure effectively provides the first 3 hcf at no cost; hence, the quantity charge for its first tier is $0.00/hcf. City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 9 customer, only 6% of the bill comes from the service charge, which is well within the California Urban Water Conservation Council’s guidelines. Figure 7 also shows benchmarks for the service charges, which are graduated in proportion to the size of the service. Palo Alto’s service charges are all much lower than average (i.e., again, Palo Alto’s rates are not always the highest). Lower service charges provide stronger price signals to encourage water use efficiency because more of the revenue must be recovered from the quantity charge. The California Urban Water Conservation Council guidelines call for generating at least 70% of rate revenue from quantity charges. At 94%, Palo Alto is the highest in the group, which evidences a very potent conservation orientation. Figure 6. Comparison of Residential Quantity Charges $0 $1 $2 $3 $4 $5 $6 $7 $8 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 Qu a n t i t y C h a r g e ( $ / H C F ) HCF Per Monthly Bill Mountain View Palo Alto CWS Bear Gulch Milpitas Hayward Santa Clara Redwood City City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 10 Figure 7. Rate Benchmarks Benchmark Palo Alto Mean Palo Alto vs. Mean High Low Significance of BenchmarkRates Structures - - Quantity charge price signal - residential - - Number of tiers 2.00 2.71 -26%4.00 1.00 Component of variable price signal. Slope of tiers from lowest to highest ($/hcf)$0.239 $0.098 143%$0.239 $0.000 Higher slope produces stronger price signal Ratio of top tier to lowest tier 1.42 2.06 -31%4.09 1.00 Higher ratio produces stronger price signal. Quantity charge price signal - non-residential Number of tiers 1.00 1.57 -36%3.00 1.00 Component of price signal. Slope of tiers from lowest to highest ($/hcf)$0.000 $0.021 -100%$0.129 $0.000 Higher slope produces stronger price signal Ratio of top tier to lowest tier 1.00 1.22 -18%1.99 0.90 Higher ratio produces stronger price signal. Service charges For 5/8 inch meter $5.00 $11.55 -57%$22.41 $5.00 For 3/4 inch meter $5.00 $14.39 -65%$27.03 $5.00 For 1 inch meter $6.50 $21.81 -70%$45.05 $6.50 For 1 1/2 inch meter $12.27 $37.68 -67%$90.10 $12.27 For 2 inch meter $19.37 $58.96 -67%$144.15 $19.37 For 3 inch meter $77.65 $135.56 -43%$270.29 $58.70 For 4 inch meter $130.60 $222.53 -41%$450.49 $92.25 For 6 inch meter $260.43 $411.49 -37%$900.97 $184.70 For 8 inch meter $383.67 $604.00 -36%$996.05 $294.05 Average monthly bills Single-family residential - average Monthly consumption (hcf)14 13 4%26 9 Average water use per residence. Monthly quantity charge $72.64 $46.29 57%$105.96 $21.24 Customer cost for water. Service: 3/4"$5.00 $14.39 -65%$27.03 $5.00 Lower charge recovers less fixed cost. Total $77.64 $60.69 28%$124.65 $34.41 Lower is less expensive. Quantity charge portion 94%73%28%94%47%Conservation signal; CUWCC prefers > 70% Annual SFR bills as percent of MHI 0.74%0.67%10%0.83%0.47%Affordability; EPA threshold = 2%. VIII. Customer Bill Benchmarks The combination of the quantity and service charge structures yields bills for customers that depend on their monthly water use and service connection size. Figures 8 and 9 graph bills for ranges of consumption for residential customers (assuming a 3/4” service and monthly consumption up to 70 hcf per month7 ) and non-residential customers (assuming a 3” service and monthly consumption up to 1,000 hcf per month). Palo Alto’s residential bills are not the highest for use below 12 hcf per month; at some point to the right of Figure 9, Mountain View’s and Redwood City’s rates will produce higher bills than Palo Alto’s rates. 7 In calculating residential bills, the average monthly flow per single-family residence was used for each agency. Hence, the bills reflect both the differences in rate structure as well as the differences in average use per account. City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 11 Figure 8. Residential Customer Bills $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 Mo n t h l y B i l l ( $ ) Usage Per Monthly Bill (HCF) Palo Alto CW Bear Gulch Milpitas Hayward Santa Clara Redwood City M Mountain View Figure 9 shows that Palo Alto’s non-residential bills are never the highest in large part because Palo Alto’s service charges for larger services are well below average. However, Palo Alto’s non-residential bills are higher than the mean. Figure 10 presents a comparison of average single-family residential water bills in relation to the population of the agency’s service area. This graph also shows a trend line for the group. By plotting bills versus population, it is possible to see how the size of the agency affects its costs. As the smallest agencies in the group, Cal Water and Palo Alto will not benefit from the economies of scale that the larger agencies receive. Palo Alto is not the only member of the group above the trend line. The agencies below the trend line may also benefit from other advantages, such as later development with correspondingly younger infrastructure, which would not require as much capital investment to maintain. It is also possible that regardless of the age of their infrastructure, the agencies below the trend line are simply not making the investment that is being made by those above the trend line. City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 12 Figure 9. Non-Residential Customer Bills $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 Mo n t h l y B i l l ( $ ) Usage on Monthly BIll (HCF) Mountain View Palo Alto Redwood City Hayward MilpitasCW Bear Gulch Santa Clara Figure 10. Population versus Average Single-Family Residential Water Bill Palo Alto Redwood City Mountain View Milpitas HaywardSanta Clara CWS -Bear Gulch $- $20 $40 $60 $80 $100 $120 $140 50,000 70,000 90,000 110,000 130,000 150,000 Mo n t h l y B i l l Population City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 13 IX. Findings The purpose of this benchmarking study was to provide answers to the following questions: Why are CPAU water rates higher than other neighboring utilities? As a precursor to answering this question, it is important to distinguish between the components of the rates, some of which are not higher in Palo Alto when compared to the members in the group. Palo Alto’s highest residential and non-residential volume charges are lower than Mountain View’s and Redwood City’s. Moreover, all of Palo Alto’s service charges are lower than the average. It is also important to distinguish between rates and bills. The City’s residential volume rates are generally higher; however, based on assumptions about the size of the connection and average monthly water consumption at each agency, customer bills vary. Water bills for low-use residential customers compared to the average are only slightly higher. Water bills for high-use residential customers are lower in Palo Alto than in Mountain View and Redwood City, but higher than the other agencies. For the average residential customer, it is true that Palo Alto’s bills are higher than the average for the group. Part of the reason is due to Palo Alto’s rates and part is due to Palo Alto’s average water use. The following benchmarks help explain why Palo Alto’s rates are generally higher than average: 1) Palo Alto puts more staff resources and capital into maintaining and replacing its older facilities. 2) Palo Alto’s population and water sales are below average. Economies of scale are greater for other members of the group. 3) Palo Alto’s service area is more broadly spread with more pumping zones. Sparser development in hillier terrain is more expensive to serve because of the cost of constructing the infrastructure and the cost of O&M, particularly pumping. 4) Palo Alto experiences more seasonal variation in its demand, which requires a higher level of operating capability, particularly in operating pumping, storage, SCADA, and water quality monitoring equipment. 5) Palo Alto provides a higher quality of service based on the lower number of complaints received and system outages. 6) Palo Alto’s cost of water supplies is higher compared to some of the agencies that purchase water from SCVWD, pump groundwater, and use recycled water. 7) Palo Alto’s utility pays rent for land occupied by water facilities. Some other cities have similar, lower charges. How does the CPAU water utility budget compare with other neighboring utilities? The CPAU budget for FY 2009 is 20% above average in total dollars and 32% above average when measured in terms of dollars per account. O&M and debt service are a City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 14 greater percentage of Palo Alto’s budget than average but its cost of purchased water is smaller portion of the budget than average. What qualitative and quantitative information explains the differences in major cost categories (e.g., water purchase costs, operations costs, staff costs, capital costs (past, present, and projected), transfers out)? This question raises a number of specific points: 1) Water purchase costs – Palo Alto is currently almost entirely reliant on the SFPUC for its water supply, with no less expensive options used at present (e.g., local wells or treated water from the SCVWD). The SFPUC’s cost of water will increase steeply in the next few years before leveling off. Palo Alto has set its rates to generate reserves in anticipation of increases in the cost of water among other cost increases. Palo Alto also does not use significant amounts of groundwater, which is significantly cheaper than SFPUC water. In addition, agencies, including Palo Alto, supplement their supplies with recycled water, the full cost of which may not be included in their water utility budgets. 8 2) Operating costs – Palo Alto’s operating costs are somewhat higher than average, which is consistent with the higher level of service that appears to be provided and the Palo Alto’s lower economy of scale. 3) Staff costs – Our reconnaissance level analysis indicates that while salary costs are comparable to other members of the group, Palo Alto attributes a larger number of staff to its water utility. As a result, Palo Alto may have higher salary costs, although a careful review of direct and allocated staff should be conducted to confirm this9 4) Capital costs (past, present, and projected) – Palo Alto has invested in facilities and programs to improve its water use efficiency and reliability. By doing so, Palo Alto has a greater margin of safety during supply shortages. It is possible in the future that Palo Alto will be able to offset some of this investment with revenue from the lease of its unused SFPUC entitlement to other BAWSCA members. . 5) Transfers out – Very little information was available about transfers out (or in) to the general fund, reserves, or other enterprises. Further analysis should look at transfers to determine (1) the types of transfers that are made within each water utility (e.g., to operating and capital reserves, (2) the minimum and target balance for each reserve within each water utility, and (3) the types of transfers made outside each water utility. 8 More expensive recycled water is used on the golf course and Greer Park. 9 Subsequent inquiries have revealed CPAU has larger number of directly assigned staff. Other utilities tend to have staff residing in the general fund and then the cost is allocated to the water utility. City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 15 Summarizing the key points from the benchmark categories in this report adds to the answer: Benchmark Category Key Findings Service Area and Infrastructure • Hillier topography, sparser development, and drier, hotter climate. • Capital investment is above average. • Smaller size has lower economies of scale. Water Use • Single-family use is near average • CII use is above average. • Overall use is average. Operations and Maintenance • Fully staffed for meter reading, customer service, design. • Higher peak flows. • Less storage and more pumping. Quality of Service • Fewer taste, odor, and pressure complaints. • Fewer service interruptions. Financial • Higher current O&M expenses. • Higher historic and projected capital expenses. • Rents charged for land occupied by water utility These findings indicate reasons for why Palo Alto’s costs are higher and its quality of service is superior. How do the neighboring utilities compare with respect to the state of their respective utility infrastructures, emergency preparedness, and reliability? Palo Alto plans to replace its water utility infrastructure within the average service lives of the facilities. Palo Alto has the oldest infrastructure of those agencies for which data were available, with younger/recent growth cities having relatively new infrastructure. All agencies are focused on replacing old infrastructure, with Palo Alto having one of the more aggressive capital improvement programs. In some cases, agencies are or will be converting their customer meters to automated reading technology. The overall effect is an increased level of capital improvements that will be funded from a combination of debt and cash. All of the members of the group provide emergency contacts at all times. All agencies have on-call crews that allow for quick responses to leaks. Another measure of emergency preparedness is evidenced by the amount of daily storage that is available; Palo Alto’s is below average but is constructing more. Palo Alto’s incidence of main breaks, leaks, and outages is below average, which is further evidence of reliability. What are CPAU customers getting for the extra money collected for water utility services? The average residential customer is paying $16.95 or 28% more per month in Palo Alto compared with other members of the group. Part of the reason is due to the higher use by Palo Alto’s average customer: Palo Alto residents pay more for more water. In addition to providing an above-average quantity of water, there are indications that Palo Alto provides an above-average quality of service based on below- average complaints and that Palo Alto’s facilities are in above-average repair. City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 16 Determining whether the above-average cost is commensurate with an above-average level of service can be approached in various ways. For example, contingent valuation techniques could be used to poll customers to find out if they would be willing to pay a specified amount less for a specified lower level of service. Customers could also be surveyed to determine their satisfaction level, as has been done by the City for the past seven years. The most recent Service Efforts and Achievements Report notes: Operating expense for the water utility totaled $19.4 million, including $8.4 million in water purchases (26% more than five years ago). The average residential water bill has increased 27% over the five-year period. Average residential water usage per capita is down 9% from five years ago. 81% of surveyed residents rate water quality as good or excellent.10 At a point when costs are climbing and demand is declining, Palo Alto’s rate payers express a commendable level of satisfaction. X. Concluding Remarks and Possible Next Steps The City is one of a few California cities that provides a broad range of utility services. In actively seeking to improve its services, the City continuously compares itself with other municipalities. The present benchmarking study is the latest of such efforts. This study focused on the City’s water utility, which the City’s previous studies identified as having comparatively high rates. Comments received on the draft report noted areas where additional work may be required to completely answer certain questions, to provide greater detail, and to further support conclusions. The following are some examples of these comments: • Water losses – The low water losses reported in this study came from the most recent published sources. City staff is aware that meter inaccuracy in the SFPUC’s master meters is the primary cause for the low losses. Additional work is needed to resolve this discrepancy. In addition to reviewing the underlying meter data, meter calibration and replacement programs could also be compared among the survey group. • Reserves – Rates generate revenue not only for current cash flow but also to fund operating, capital, and other reserves. Palo Alto has set its rates in anticipation of increases in the SFPUC’s cost of water and other cost increases that may exceed what has been done by other members in the group. Additional work is needed to compare information on the types of reserves, fund balances, target balances, and annual contributions to reserves. • Non-rate revenue - This report notes that revenue from other non-rate sources such as connection fees may provide funding for other agencies that helps hold their rates down. Additional work is needed to determine how differences in non-rate revenue among the survey group accounts for differences in rates. 10 Service Efforts and Accomplishments Report. City of Palo Alto. December 14, 2009. Page v. City of Palo Alto Water Utility Benchmarking Study HF&H Consultants, LLC September 21, 2010 17 • Confirmation - This report relies on our interpretation of information that should be confirmed by each member in the survey group. All of the data in the appendix could be submitted to each member for review and confirmation. • Timeframe – It should be recognized that the analysis is sensitive to the timeframe for which data were available. Using data for another timeframe could lead to different findings. A more detailed investigation would use data from multiple years, rather than for a snapshot of the most recent year (which varied by benchmark and by agency), in order to spot any trends and to take short-term anomalies out of the evaluation. The conclusions reached in the current study could change if additional information were available or time were available to confirm that our interpretation of data is correct. Moreover, it should be recognized that the analysis is sensitive to the timeframe for which data were available. Using data for another timeframe could lead to different findings. HFH Consultants, LLC 9/22/2010 1 Benchmark Matrix 7Sep10 v4 City of Palo Alto - Water Utility Benchmark Study 1. BENCHMARKS Benchmark Palo Alto Redwood City Mountain View Milpitas Hayward Santa Clara CWS Bear Gulch Mean Palo Alto vs. Mean High Low Population 63,400 83,895 74,762 70,817 150,878 117,242 57,108 88,300 -28%150,878 57,108 Surface area (square miles) 26.0 35.0 12.0 13.6 62.5 19.3 45.3 31 -15%63 12 Water deliveries (million gallons per day) 12.3 10.4 11.4 11.2 18.6 22.2 13.1 Service area characteristics Population 63,400 83,895 74,762 70,817 150,878 117,242 57,108 88,300 -28%150,878 57,108 Population growth over last ten years 8.6%1.1%-1.7%8.9%17.9%14.4%8.2%4%17.9%-1.7% Accounts 19,443 23,110 17,229 16,463 32,382 25,481 18,329 21,777 -11%32,382 16,463 Surface area (square miles) 26.0 35.0 12.0 13.6 62.5 19.3 45.3 30.5 -15%62.5 12.0 Residents per square mile 2,438 2,397 6,230 5,207 2,414 6,075 1,261 3,717 -34%6,230 1,261 Accounts per square mile 748 660 1,436 1,211 518 1,320 405 900 -17%1,436 405 Average Temperature (deg F)58.0 59.2 58.0 48.6 58.9 59.0 57.0 2%59.2 48.6 Average annual precipitation (in) 15.37 19.81 15.80 15.04 18.03 14.03 16.35 -6%19.81 14.03 Infrastructure Miles of distribution mains 219 265 175 203 350 295 324 262 -16%350 175 Accounts per mile of main 89 87 98 81 93 86 57 84 5%98 57 Miles of main per square mile 8.42 7.57 14.58 14.93 5.60 15.28 7.15 10.51 -20%15.28 5.60 Average age of distribution mains (years)61 33 45 43 45 34%61 33 Capital Assets (net book value) Capital assets per account $3,288 $4,345 $2,279 $2,385 $1,541 $2,672 $5,087 $3,085 7%$5,087 $1,541 Capital assets per hcf $10.65 $19.73 $7.08 $7.18 $5.51 $6.27 $14.54 $10.14 5%$19.73 $5.51 Capital assets per square mile $2,458,500 $2,869,170 $3,271,835 $2,886,913 $798,273 $3,528,231 $2,058,424 $2,553,050 -4%$3,528,231 $798,273 Water use characteristics Total water supply in mgd (incl losses)12.30 10.43 11.37 11.21 18.57 22.24 13.14 14.18 -13%22.24 10.43 Applied water over service area (feet)0.83 0.52 1.66 1.44 0.52 2.02 0.51 1.07 -23%2.02 0.51 Average flow per account (gpd) Single-family residential 345 260 241 276 234 323 645 332 4%645 234 Multi-family residential 748 1,183 1,249 673 2,521 935 2,963 1,467 -49%2,963 673 Commercial/Institutional/Industrial 2,061 1,125 1,450 2,136 1,474 3,210 1,039 1,785 15%3,210 1,039 Average 603 433 606 590 483 847 688 607 -1%847 433 Flow distribution by class Single-family residential 41.5%46.3%24.6%30.1%34.0%24.7%82.1%40.5%3%82.1%24.6% Multi-family residential 13.6%22.3%27.2%11.0%18.0%20.5%1.7%16.3%-17%27.2%1.7% Commercial/Institutional/Industrial 40.2%27.2%39.9%45.6%32.2%51.8%12.1%35.6%13%51.8%12.1% Subtotal 95.3%95.9%91.8%86.7%84.2%97.1%95.9%92.4%3%97.1%84.2% Losses 4.7%4.1%8.2%13.3%15.8%2.9%4.1%7.6%-38%15.8%2.9% Total 100.0%100.0%100.0%100.0%100.0%100.0%100.0% HFH Consultants, LLC 9/22/2010 2 Benchmark Matrix 7Sep10 v4 City of Palo Alto - Water Utility Benchmark Study 1. BENCHMARKS Benchmark Palo Alto Redwood City Mountain View Milpitas Hayward Santa Clara CWS Bear Gulch Mean Palo Alto vs. Mean High Low Operations and maintenance Mgd per employee 0.28 0.34 0.32 0.36 0.49 0.36 -22%0.49 0.28 Accounts per employee 445 745 492 629 566 576 -23%745 445 Miles of main per O&M employee 8.4 17.7 12.5 10.6 14.2 12.7 -34%17.7 8.4 Mgd per O&M employee 0.47 0.70 0.81 0.56 1.07 0.72 -35%1.07 0.47 O&M employees as a percent of total employees 59%48%40%64%46%52%15%64%40% Load factors Peak month to average monthly demand 1.50 1.49 1.53 1.38 1.28 1.25 1.70 1.45 4%1.70 1.25 Peak month to minimum monthly demand 3.21 2.43 2.36 1.88 1.89 1.57 4.26 2.52 28%4.26 1.57 Mgd per booster pump station 2.05 1.04 2.24 2.65 0.22 1.64 25%2.65 0.22 Square miles per pressure zone 0.00 0.00 0.00 0.00 0.00 0.00 #DIV/0!- - Square miles per booster pump 0.00 0.00 0.00 0.00 0.00 0.00 #DIV/0!- - Days of Storage 0.85 2.04 1.50 1.45 1.51 1.23 0.84 1.35 -37%2.04 0.84 Gallons of potable storage per account 540 919 987 990 868 1,071 600 854 -37%1,071 540 Quality of service Complaints per total mgd Taste and Odor 0.49 1.32 0.45 0.05 0.94 0.81 -40%1.32 0.05 Color 1.22 1.14 0.80 0.48 0.40 1.01 20%1.22 0.40 Turbidity 0.33 1.50 0.54 0.00 0.04 0.60 -46%1.50 - Worms and other 0.16 0.00 0.00 0.00 0.00 0.04 300%0.16 - Pressure (High or Low)0.00 0.18 3.21 0.00 0.00 0.85 -100%3.21 - Other 0.00 2.99 0.00 1.83 0.09 1.23 -100%2.99 - Total 2.20 7.12 4.99 2.37 1.48 4.54 -52%7.12 1.48 Breaks, leaks, outages per mile of main Per mgd 3.66 1.41 11.33 6.09 4.00 6.62 -45%11.33 1.41 Per mile of main 0.21 0.09 0.63 0.32 0.30 0.39 -47%0.63 0.09 Expenses Total expenses (excl non-oper revenue)$25,903,000 $22,171,090 $17,762,098 $17,006,605 $27,088,382 $21,945,000 $18,961,329 $21,548,215 20%$27,088,382 $17,006,605 Budgeted expenses per account $1,332 $959 $1,031 $1,033 $837 $861 $1,034 $1,013 32%$1,332 $837 Operations O&M cost per account $338 $444 $381 $247 $150 $192 $267 $288 17%$444 $150 Salary and benefits per employee $123,822 $143,833 $112,442 $96,667 $119,191 4%$143,833 $96,667 Average cost of purchased water ($/hcf)$0.17 $0.15 $0.16 $0.16 $0.16 $0.12 $0.15 $0.15 12%$0.17 $0.12 Cost of purchased water as % of total budget 40%34%51%51%55%58%51%49%-18%58%34% Recent Annual CIP (within last 10 years)$4,100,000 $2,000,000 $4,400,000 $750,000 $4,000,000 $2,300,000 $2,925,000 40%$4,400,000 $750,000 Current Annual Capital Improvements Annual CIP expense $6,298,750 $3,200,000 $3,420,000 $6,085,000 $2,125,000 $5,467,600 $4,432,725 42%$6,298,750 $2,125,000 Annual CIP expense per account $324 $138 $199 $370 $66 $215 $218 48%$370 $66 Annual CIP expense per hcf $1.05 $0.63 $0.62 $1.11 $0.23 $0.50 $0.69 52%$1.11 $0.23 Annual CIP expense per employee $144,136 $103,226 $97,714 $41,262 $121,502 $101,568 42%$144,136 $41,262 Annual CIP expense per mile of main $28,761 $12,075 $19,543 $29,975 $6,071 $18,534 $19,160 50%$29,975 $6,071 Annual CIP expense compared to depreciation 538%168%207%442%108%558%337%60%558%108% Debt service as a percent of total budget 14%4%3%7%100%14%3% Debt service, per account $184 $37 $28 $83 122%$184 $28 Rent as a percent of expenses 7%0%0%0%8%5%0%3%148%8%0% HFH Consultants, LLC 9/22/2010 3 Benchmark Matrix 7Sep10 v4 City of Palo Alto - Water Utility Benchmark Study 1. BENCHMARKS Benchmark Palo Alto Redwood City Mountain View Milpitas Hayward Santa Clara CWS Bear Gulch Mean Palo Alto vs. Mean High Low Revenues Total annual revenue per account $1,489 $1,140 $1,069 $961 $859 $892 $1,348 $1,108 34%$1,489 $859 Connection fee revenue as a percent of rate rev 2.4%0.5%0.1%0.0%8.3%0.5%0.0%2%42%8%0% Connection fees per 3/4" connection $3,600 $1,787 $4,620 $1,910 $5,726 $5,305 $3,825 -6%$5,726 $1,787 Rates Structures - - Quantity charge price signal - residential - - Number of tiers 2.00 4 3 2 4 1 3 2.71 -26%4.00 1.00 Slope of tiers from lowest to highest ($/hcf)$0.239 $0.093 $0.205 $0.098 $0.029 $0.000 $0.026 $0.098 143%$0.239 $0.000 Ratio of top tier to lowest tier 1.42 2.93 4.09 2.10 1.60 1.00 1.26 2.06 -31%4.09 1.00 Quantity charge price signal - non-residential Number of tiers 1.00 2 3 1 2 1 1 1.57 -36%3.00 1.00 Slope of tiers from lowest to highest ($/hcf)$0.000 $0.129 $0.017 $0.000 $0.003 $0.000 $0.000 $0.021 -100%$0.129 $0.000 Ratio of top tier to lowest tier 1.00 1.63 1.99 1.00 0.90 1.00 1.00 1.22 -18%1.99 0.90 Service charge structure Service charge multipliers For 5/8 inch meter $5.00 $18.02 $5.60 $22.41 $9.00 $8.40 $12.45 $11.55 -57%$22.41 $5.00 For 3/4 inch meter $5.00 $27.03 $5.60 $23.82 $12.20 $8.40 $18.69 $14.39 -65%$27.03 $5.00 For 1 inch meter $6.50 $45.05 $11.20 $33.83 $18.50 $13.40 $24.20 $21.81 -70%$45.05 $6.50 For 1 1/2 inch meter $12.27 $90.10 $18.20 $42.67 $40.60 $24.20 $35.74 $37.68 -67%$90.10 $12.27 For 2 inch meter $19.37 $144.15 $33.90 $55.69 $71.40 $34.10 $54.13 $58.96 -67%$144.15 $19.37 For 3 inch meter $77.65 $270.29 $58.70 $149.09 $180.20 $96.60 $116.42 $135.56 -43%$270.29 $58.70 For 4 inch meter $130.60 $450.49 $92.25 $188.93 $357.00 $134.20 $204.26 $222.53 -41%$450.49 $92.25 For 6 inch meter $260.43 $900.97 $184.70 $288.32 $629.80 $263.90 $352.33 $411.49 -37%$900.97 $184.70 For 8 inch meter $383.67 $900.97 $294.05 $377.74 $871.80 $403.70 $996.05 $604.00 -36%$996.05 $294.05 HFH Consultants, LLC 9/22/2010 4 Benchmark Matrix 7Sep10 v4 City of Palo Alto - Water Utility Benchmark Study 1. BENCHMARKS Benchmark Palo Alto Redwood City Mountain View Milpitas Hayward Santa Clara CWS Bear Gulch Mean Palo Alto vs. Mean High Low Average monthly bills Single-family residential - average Monthly consumption (hcf)14 10 10 11 9 13 26 13 4%26 9 Monthly quantity charge $72.64 $27.05 $28.81 $21.24 $30.00 $38.36 $105.96 $46.29 57%$105.96 $21.24 Service: 3/4"$5.00 $27.03 $5.60 $23.82 $12.20 $8.40 $18.69 $14.39 -65%$27.03 $5.00 Total $77.64 $54.08 $34.41 $45.06 $42.20 $46.76 $124.65 $60.69 28%$124.65 $34.41 Quantity charge portion 94%50%84%47%71%82%85%73%28%94%47% Annual SFR bills as percent of MHI 0.74%0.74%0.47%0.58%0.83%0.66%0.67%10%0.83%0.47% Single-family residential - half of average Monthly consumption (hcf)7 5 5 6 5 7 13 7 4%13 5 Monthly quantity charge $33.27 $14.40 $11.78 $21.24 $34.00 $19.18 $51.90 $26.54 25%$51.90 $11.78 Service: 3/4"$5.00 $27.03 $5.60 $23.82 $12.20 $8.40 $18.69 $14.39 -65%$27.03 $5.00 Total $38.27 $41.43 $17.38 $45.06 $46.20 $27.58 $70.59 $40.93 -7%$70.59 $17.38 Quantity charge portion 87%35%68%47%74%70%74%65%34%87%35% Single-family residential - two times average Monthly consumption (hcf)28 21 19 22 19 26 52 27 4%52 19 Monthly quantity charge $157.00 $60.60 $66.29 $50.28 $67.40 $73.98 $228.44 $100.57 56%$228.44 $50.28 Service: 3/4"$5.00 $27.03 $5.60 $23.82 $12.20 $8.40 $18.69 $14.39 -65%$27.03 $5.00 Total $162.00 $87.63 $71.89 $74.10 $79.60 $82.38 $247.13 $114.96 41%$247.13 $71.89 Quantity charge portion 97%69%92%68%85%90%92%85%14%97%68% - - Multi-family residential (1 1/2" meter)- - Monthly consumption (hcf)30 48 51 27 102 38 120 59 -49%119.81 27.21 Monthly quantity charge $104.73 -$14.67 $34.07 $21.24 $33.50 $38.36 $107.48 $46.39 126%107.48 (14.67) Service: 1 1/2"$12.27 $90.10 $18.20 $42.67 $40.60 $24.20 $35.74 $37.68 -67%90.10 12.27 Total $117.00 $75.43 $52.27 $63.91 $74.10 $62.56 $143.22 $84.07 39%143.22 52.27 Quantity charge portion 90%-19%65%33%45%61%75%50%79%0.90 (0.19) Commercial/Institutional/Industrial Monthly consumption (hcf)83 45 59 86 60 130 42 72 15%130 42 Monthly quantity charge $334.62 $290.50 $341.57 $349.00 $217.63 $132.54 $164.87 $261.53 28%$349.00 $132.54 Service: 3"$77.65 $270.29 $58.70 $157.45 $180.20 $96.60 $116.42 $136.76 -43%$270.29 $58.70 Total $412.27 $560.79 $400.27 $506.45 $397.83 $229.14 $281.29 $398.29 4%$560.79 $229.14 Quantity charge portion 81%52%85%69%55%58%59%65%24%85%52% HF Consultants, LLC 9/22/2010 1 Benchmark Matrix 7Sep10 v4 City of Palo Alto - Water Utility Benchmark Study 2. RATE STRUCTURES AND BILLS Monthly Service Charge Resi Non-Resi For 5/8 inch meter $5.00 $18.02 $5.60 $22.41 $23.64 $9.00 $8.40 $12.45 For 3/4 inch meter $5.00 $27.03 $5.60 $23.82 $25.14 $12.20 $8.40 $18.69 For 1 inch meter $6.50 $45.05 $11.20 $33.83 $35.77 $18.50 $13.40 $24.20 For 1 1/2 inch meter $12.27 $90.10 $18.20 $42.67 $45.10 $40.60 $24.20 $35.74 For 2 inch meter $19.37 $144.15 $33.90 $55.69 $58.82 $71.40 $34.10 $54.13 For 3 inch meter $77.65 $270.29 $58.70 $149.09 $157.45 $180.20 $96.60 $116.42 For 4 inch meter $130.60 $450.49 $92.25 $188.93 $199.48 $357.00 $134.20 $204.26 For 6 inch meter $260.43 $900.97 $184.70 $288.32 $304.49 $629.80 $263.90 $352.33 For 8 inch meter $383.67 $900.97 $294.05 $377.74 $398.94 $871.80 $403.70 $996.05 For 10 inch meter $383.67 $900.97 $429.15 $546.80 $577.47 $1,050.40 $498.30 $1,431.82 For 12 inch meter $640.20 $2,054.36 For 14 inch meter $2,801.39 Residential Flow Charges, Per HCF, Per month Tier 1 0-7 $3.95 0-10 $2.40 0-3 $1.65 0-20 $1.77 0-8 $2.90 All Units $2.74 0-10 $3.65 Tier 2 7+$5.62 11-25 $3.05 4-25 $3.41 20+$3.72 9-25 $3.40 11-36 $3.86 Tier 3 26-50 $4.98 25+ $6.77 26-60 $4.25 36+$4.58 Tier 4 50+ $7.03 60+$4.65 Commercial Flow Charges, Per HCF, Per month Tier 1 All Units $4.95 0-15 $3.05 0-20 $3.41 All Units $4.04 0-200 $3.65 All Units $2.74 All Units $3.92 Tier 2 15+$4.98 21-200 $3.67 200+$4.20 Tier 3 200+$6.77 Tier 4 Bear GulchPalo Alto Redwood City Mountain View Milpitas Hayward Santa Clara HF Consultants, LLC 9/22/2010 1 Benchmark Matrix 7Sep10 v4 City of Palo Alto - Water Utility Benchmark Study 3. SERVICE AREA CHARACTERISTICS Palo Alto Redwood City Mountain View Milpitas Hayward Santa Clara CWS Bear Gulch Service Area Characteristics Population [5]63,400 83,895 74,762 70,817 150,878 117,242 57,108 # of Households [4]28,291 29,301 33,680 19,376 48,561 44,729 Occupancy Per Household [4]2.33 2.65 2.29 3.54 3.13 2.63 Population, 1999 [5]58,400 83,000 76,025 65,000 128,000 102,500 65,830 10-year Population Increase 9%1%-2%9%18%14%-13% Median Household Income [1]126,741$ 88,163$ 88,637$ 93,531$ 60,689$ 85,571$ Average Temperature [3]58.0 59.2 58.0 48.6 58.9 59.0 Average annual precipitation (in) [3]15.37 19.81 15.80 15.04 18.03 14.03 Number of SFPUC Connections [5]5 13 6 4 4 2 8 Area size (square miles) [5]26.00 35.00 12.00 13.60 62.50 19.30 45.30 Number of Accounts [5] Single-family residential 14,804 18,616 11,620 12,232 27,001 17,005 16,723 Multi-family residential 2,243 1,969 2,476 1,839 1,327 4,883 76 Commercial/Institutional/Industrial 2,396 2,525 3,133 2,392 4,054 3,593 1,530 Total accounts 19,443 23,110 17,229 16,463 32,382 25,481 18,329 [1] American Community Survey, 2008 [3] 2005 Urban Water Management Plan (For each respective jurisdiction) [4] California Department of Finance, City/County Population and Housing Estimates, 1/1/2009 (Table 2, E-5) [5] BAWSCA 08-09 survey HF Consultants, LLC 9/22/2010 1 Benchmark Matrix 7Sep10 v4 City of Palo Alto - Water Utility Benchmark Study 4. FACILITIES Palo Alto Redwood City Mountain View Milpitas Hayward Santa Clara CWS Bear Gulch Miles of Mains [5]219 265 175 203 350 295 324 Average age, years 61.00 33.00 44.70 43.10 Number of Booster Pump Stations [5]6 10 5 7 59 Number of Treatment Plants --1 Number of pressure zones [5]8 14 3 6 37 Age distribution of mains 0-10 years 8%4% 11-20 years 9%9% 21-30 years 5%10% 31-40 years 13%30% 41-50 years 38%25% 50-60 years 25%20%45% >70 years 2%2% 100%100% Storage Reservoirs Number reservoirs [5]6 12 2 5 6 7 35 Local Storage (mg) [5]10.5 21.24 17 16.3 28.1 27.3 11 Wells Number of wells 3 7 1 5 27 Capacity (gpm)3575 [5] BAWSCA 08-09 survey HF Consultants, LLC 9/22/2010 1 Benchmark Matrix 7Sep10 v4 City of Palo Alto - Water Utility Benchmark Study 5. OPERATIONS Palo Alto Redwood City Mountain View Milpitas Hayward Santa Clara CWS Bear Gulch Employees Efficiency/Supply 3.00 3.00 3.00 1.00 Administrative 2.00 4.00 3.70 Engineering 7.00 2.00 4.50 Customer Service/Meter Reading 5.70 7.00 7.00 13.50 Other 2.00 14.00 15.00 O&M 26.00 15.00 14.00 33.00 20.80 Total (FTE)43.70 31.00 35.00 0.00 51.50 45.00 Sources of Supply [5] SFPUC 100%100%86%65%100%12%89% SCVWD 11%35%0%17%0% Local 3%0%0%71%11% Consumption by class (hcf) [5] Single-family residential 2,491,120 2,358,295 1,365,679 1,645,525 3,083,003 2,682,139 5,264,948 Multi-family residential 818,496 1,136,209 1,509,045 603,880 1,632,319 2,227,045 109,867 Commercial/Institutional/Industrial 2,409,832 1,385,607 2,216,207 2,493,279 2,916,640 5,627,166 775,960 Subtotal 5,719,448 4,880,111 5,090,931 4,742,684 7,631,962 10,536,350 6,150,775 Losses 281,893 210,903 457,025 728,091 1,428,455 316,566 262,269 Total 6,001,341 5,091,014 5,547,956 5,470,775 9,060,417 10,852,916 6,413,044 Losses as a percent of total supplies 4.7%4.1%8.2%13.3%15.8%2.9%4.1% Consumption by class (mgd) [5] Single-family residential 5.11 4.83 2.80 3.37 6.32 5.50 10.79 Multi-family residential 1.68 2.33 3.09 1.24 3.35 4.56 0.23 Commercial/Institutional/Industrial 4.94 2.84 4.54 5.11 5.98 11.53 1.59 Subtotal 11.72 10.00 10.43 9.72 15.64 21.59 12.61 Losses 0.58 0.43 0.94 1.49 2.93 0.65 0.54 Average Daily Demand (mgd) [5]12.30 10.43 11.37 11.21 18.57 22.24 13.14 [5] BAWSCA 08-09 survey, Table 4A HF Consultants, LLC 9/22/2010 1 Benchmark Matrix 7Sep10 v4 City of Palo Alto - Water Utility Benchmark Study 6. FINANCIAL Palo Alto Redwood City Mountain View Milpitas Hayward Santa Clara CWS Bear Gulch Revenue from rates Quantity charge revenue 28,948,000$ 17,675,000$ 18,423,146$ 15,828,000$ 24,900,000$ 22,737,489$ 24,716,456$ Service charge revenue -$ 8,661,000$ -$ -$ 2,900,000$ -$ -$ Total rate revenue 28,948,000$ 26,336,000$ 18,423,146$ 15,828,000$ 27,800,000$ 22,737,489$ 24,716,456$ Non-Operating Revenue Non-Operating Revenue $334,000 $295,000 $417,000 $500,000 $264,387 Connection fee revenue $682,000 $120,000 $10,000 $2,300,000 $113,000 Interest Income $1,265,000 $744,887 PILOT (franchise fees, rent)$1,900,000 $0 $0 $2,180,000 $1,167,000 Total non-operating revenue $4,181,000 $1,159,887 $10,000 $417,000 $4,980,000 $1,280,000 $264,387 Expenses Salaries & Benefits $5,411,000 $4,458,810 $2,364,447 $5,790,743 $4,350,000 Operating & Maintenance Costs $6,563,000 $10,271,562 $6,561,190 $4,072,073 $4,846,550 $4,895,000 $4,886,474 Water Purchased $10,354,000 $7,440,718 $9,093,359 $8,722,000 $14,800,000 $12,700,000 $9,717,855 Administrative Expenses $1,474,449 $3,859,955 Transfers to the General Fund $0 $1,848,085 $741,518 Property and other taxes $497,045 Debt Service $3,575,000 $633,100 $0 $909,571 Total expenses $25,903,000 $22,171,090 $17,762,098 $17,006,605 $27,088,382 $21,945,000 $18,961,329 Net Revenue $7,226,000 $5,324,797 $671,048 ($761,605)$5,691,618 $2,072,489 $6,019,514 HF Consultants, LLC 9/22/2010 1 Benchmark Matrix 7Sep10 v4 City of Palo Alto - Water Utility Benchmark Study 7. CAPITAL IMPROVEMENTS Palo Alto Redwood City Mountain View Milpitas Hayward Santa Clara CW Bear Gulch Main replacement Annual historical main replacement (feet)8,000 Annual projected main replacement (feet)15,840 Capital Assets [1]12,075,000$ 20,582,045$ 4,915,623$ 4,915,623$ 4,446,473$ 2,859,744$ 4,003,286$ Land And Construction in Progress 51,846,000$ 79,838,908$ 34,346,397$ 34,346,397$ 45,445,587$ 65,235,120$ 89,243,321$ Depreciable Assets 63,921,000$ 100,420,953$ 39,262,020$ 39,262,020$ 49,892,060$ 68,094,864$ 93,246,607$ Total capital assets (net book value)1,171,000$ 1,908,781$ 1,653,293$ 1,376,544$ 1,976,578$ 979,338$ 2,177,634$ Depreciation Expense [1]2.3%2.4%4.8%4.0%4.3%1.5%2.4% Depreciation as a percent of depreciable assets 44.3 41.8 20.8 25.0 23.0 66.6 41.0 Replacement cycle (years)$2,458,500 $2,869,170 $3,271,835 $2,886,913 $798,273 $3,528,231 $2,058,424 Capital assets (net book value) per square mile $10.65 $19.73 $7.08 $7.18 $5.51 $6.27 $14.54 Capital assets (net book value) per hcf $3,288 $4,345 $2,279 $2,385 $1,541 $2,672 $5,087 Capital Improvements $27,414,000 $3,200,000 $3,420,000 $5,300,000 $2,155,000 $2,513,000 Budgeted Capital Improvements $3,500,000 FY 04-05 $2,900,000 FY 05-06 FY 06-07 FY 07-08 $6,085,000 $2,000,000 FY 08-09 $27,414,000 $3,420,000 $2,000,000 FY 09-10 $8,173,000 $2,000,000 FY 10-11 $5,067,000 $2,000,000 $5,834,000 FY 11-12 $6,338,000 $2,000,000 $5,958,000 FY 12-13 $5,617,000 $2,000,000 $5,927,000 FY 13-14 $2,500,000 $6,463,000 FY 14-15 $2,500,000 $3,156,000 FY 15-16 $6,298,750 $3,200,000 $3,420,000 $6,085,000 $2,125,000 $5,467,600 [1] FY 2009 CAFR for each Jurisdiction, respectively HF Consultants, LLC 9/22/2010 1 Benchmark Matrix 7Sep10 v4 City of Palo Alto - Water Utility Benchmark Study 8. SERVICE QUALITY Palo Alto Redwood City Mountain View Milpitas Hayward Santa Clara CWS Bear Gulch Complaints Reported (1) Taste and Odor 6 15 5 1 21 Color 15 13 9 9 9 Turbidity 4 17 6 0 1 Worms and other 2 0 0 0 0 Pressure (High or Low)0 2 36 0 0 Illnesses (Waterborne)0 0 0 0 0 Other (Specify) (2)34 0 34 2 Total 27 0 81 56 44 33 0 System Problems (1) Service Connection Breaks/ Leaks 32 4 86 - Main Breaks/Leaks 13 12 27 89 Water Outages --2 0 - Boil Water Orders ---0 - Total 45 0 16 127 113 89 0 (1) From Report to the Drinking Water Program, 2008 (2) Santa Clara: hardness and entrained air. (2) Mountain View: fluoride, NHCL2, filtrations, particle, gasket degradation and testing. (2) Hayward: Air in Water and Solids 125 ATTACHMENT B EXCERPTED DRAFT MINUTES OF UTILITIES ADVISORY COMMISSION Meeting of October 6, 2010 ITEM 4: DISCUSSION: Water Benchmarking Study Senior Resource Planner Shiva Swaminathan presented the Water Benchmarking Study results to the UAC. Commissioner Keller asked about the City’s water losses and the relation to inaccurate master meter data. Staff explained that Palo Alto has both internal and external master meters and has requested that SFPUC calibrate its meter. Staff also explained that while the City’s losses were at an industry standard level, further study will be done to see if we can learn from Santa Clara which has low lost and unaccounted for levels. The Commissioners and staff discussed the anticipated water increases over the next few years (7-8% per year) and how these anticipated increases are communicated to the Council annually. Commissioner Melton also stated that every opportunity be taken to educate the Council about increasing water rates. Commissioner Cook asked if staff had looked at groundwater as an alternative source. Staff replied that this had been evaluated and ruled out because the sustainable yield from the groundwater, according to a consultant report, is only 500 acre-feet per year, or less than 5% of the City’s total usage. It can, however, use groundwater for emergencies and during a drought. 1 Comparison Agencies ATTACHMENT B 2 Statistical Information 2013 Consumption (in CCF) Population Single Family Per Account Multifamily Per Unit Nonresidential Palo Alto 66,368 2,442,016 160 741,684 69 1,913,692 Mountain View 77,839 1,338,585 111 1,376,460 80 2,250,719 Redwood City 80,875 2,252,558 119 825,507 75 1,500,632 Santa Clara 120,250 2,603,029 152 2,106,663 98 5,736,888 Hayward 151,582 2,913,392 105 1,300,217 75 2,964,826 3 Comparison Bases Per Square Mile basis Per CCF basis Per Customer Account basis Per Mile of Main basis Pros: Allows cost comparisons without being skewed by usage patterns or characteristics of the customer base. Helps highlight differences in system characteristics, such as higher density of development. Pros: Provides lowest common denominator for the costs underlying the volumetric rates. Pros: Shows financial impact on each customer account, allowing comparison between cities whose customers use different amounts of water on average. Pros: Allows comparison between differently sized cities based on system characteristics. Cons: Must account for large uninhabited areas within agency boundaries. (Excluded in this report, due to the help of Claire Lin, Summer Intern with the City of Palo Alto) Cons: Higher water consumption can result in lower rates with no change in costs, which can hide the underlying cost disparities. Cons: Difficult to compare multi- family and commercial customer classes on this basis, since multi-family and commercial accounts vary greatly in size and water use. Cons: Not all costs are related to pipeline maintenance. Differences in pipeline density can obscure underlying differences in operational costs. •All metrics are presented on per square mile of urban area basis to enable better comparisons between cities Comparison bases considered for this report 4 Water Consumption and Revenues Collected by Customer Class 49% 26% 48% 29% 40% 15% 29% 19% 23% 22% 36% 45% 33% 48% 38% 48% 27% 49% 25% 41% 15% 28% 18% 20% 18% 38% 45% 33% 55% 41% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% PA MTV RC SC HW Single Family Revenues Multifamily Revenues Nonresidential Revenues Single Family Water Consumption Multifamily Water Consumption Nonresidential Water Consumption 5 Single Family Residential Customers Annual Bill $253 $61 $117 $82 $68 $260 $130 $231 $86 $126 $182 $90 $114 $77 $71 $45 $22 $40 $19 $22 $417 $234 $244 $212 $245 $1,157 $537 $747 $476 $532 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 PA MTV RC SC HW Distribution Capital Investment Distribution Operations (Non-Salary)Distribution Operations (Salary) Non-revenue Water Water 6 Multifamily Residential Customers Annual Bill $105 $45 $79 $55 $63 $108 $96 $156 $57 $111 $75 $67 $77 $51 $65 $45 $22 $40 $19 $22 $146 $168 $152 $134 $224 $480 $398 $505 $316 $486 $0 $100 $200 $300 $400 $500 $600 PA MTV RC SC HW Distribution Capital Investment Distribution Operations (Non-Salary)Distribution Operations (Salary) Non-revenue Water Water 7 Nonresidential Customers Annual Bill $1,070 $414 $753 $656 $337 $1,097 $885 $1,485 $684 $599 $767 $612 $735 $618 $352 $45 $22 $40 $19 $22 $1,905 $1,722 $1,789 $1,827 $1,303 $4,884 $3,655 $4,803 $3,804 $2,613 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 PA MTV RC SC HW Distribution Capital Investment Distribution Operations (Non-Salary)Distribution Operations (Salary) Non-revenue Water Water 8 Total Costs per Square Mile $728,723 $264,140 $493,984 $280,730 $211,016 $747,057 $565,444 $973,829 $293,061 $390,789 $522,762 $390,872 $481,866 $264,549 $220,705 $112,384 $60,925 $125,367 $43,272 $43,320 $1,328,659 $1,113,810 $1,199,339 $790,393 $830,317 $3,439,586 $2,395,192 $3,274,386 $1,672,005 $1,696,147 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 PA MTV RC SC HW Distribution Capital Investment Distribution Operations (Non-Salary)Distribution Operations (Salary) Non-revenue Water Water 9 Budgeted Capital Spending (FY 2009-2013) * Estimated based on total budgeted in CIP budgets $1,410,170 $634,930 $685,437 $254,740 $449,585 $1,634,686 $1,772,123 $226,214 $257,381 $362,308 $1,036,416 $287,849 $253,398 $445,472 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 Palo Alto Mountain View Redwood City* Santa Clara Hayward* Distribution Supply Recycled Water Other 10 Total Cost per CCF $1.52 $0.62 $1.01 $0.47 $0.71 $1.56 $1.34 $1.98 $0.49 $1.32 $1.09 $0.92 $0.98 $0.44 $0.75 $3.00 $2.78 $2.70 $1.39 $2.95 $7.17 $5.67 $6.67 $2.79 $5.73 $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 Palo Alto Mountain View Redwood City Santa Clara Hayward Distribution Capital Investment Distribution Operations (Non-Salary)Distribution Operations (Salary)Water* 11 Total Cost per Mile of Main $36,039 $18,415 $19,273 $15,428 $16,834 $36,945 $39,420 $37,994 $16,105 $31,175 $25,853 $27,250 $18,800 $14,538 $17,607 $5,558 $4,247 $4,891 $2,378 $3,456 $65,708 $77,650 $46,792 $43,436 $66,239 $170,103 $166,983 $127,751 $91,885 $135,310 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 $200,000 Palo Alto Mountain View Redwood City Santa Clara Hayward Distribution Capital Investment Distribution Operations (Non-Salary)Distribution Operations (Salary) Non-revenue Water Water 12 Total Cost per Connection $419 $184 $229 $207 $170 $429 $394 $452 $216 $315 $301 $272 $224 $195 $178 $65 $42 $58 $32 $35 $764 $776 $557 $582 $669 $1,977 $1,668 $1,521 $1,230 $1,367 $0 $500 $1,000 $1,500 $2,000 $2,500 Palo Alto Mountain View Redwood City Santa Clara Hayward Distribution Capital Investment Distribution Operations (Non-Salary)Distribution Operations (Salary) Non-revenue Water Water FINAL MINUTES Finance Committee Special Meeting Minutes 4/15/2014 FINANCE COMMITTEE FINAL EXCERPT Special Meeting Tuesday, April 15, 2014 5.Discussion of Water Utility Benchmarking Studies and Future Work Plan. Valerie Fong, Utilities Director noted the Agenda Item was for discussion only. Staff wished to inform the Finance Committee (Committee) regarding their plans to conduct additional studies. Committee input regarding topics to review would be appreciated. Lalo Perez, Director of Administrative Services and Chief Financial Officer added that the Committee requested Staff return with more information. Jon Abendschein, Senior Resource Manager reported that Staff provided summaries of two benchmarking studies conducted over the last few years. The first was a 2010 study that concluded in 2010. The study reviewed six comparison agencies and publicly available information and conducted interviews with staff at those utilities. The City had a higher replacement cost for facilities and higher Operations and Maintenance (O&M) costs because Palo Alto's facilities were substantially older than neighboring agencies' facilities. The consultant discussed the characteristics of the City's service territory and said Palo Alto was geographically spread out, it had more hilly terrain and was more seasonally varied. Those characteristics required a higher level of operating capability and higher expenses. The consultant noted a higher quality of service, for example, a lower number of outages and fewer complaints. The second survey was an organizational assessment focused on all Palo Alto utilities, which included a benchmarking study of Palo Alto Utilities against utilities nationwide. The second study also found higher O&M expenses. Palo Alto also had more Full Time Employees (FTE) per unit of water delivered than other utilities. The study cautioned that this measure was affected by the fact that the City directly allocated administrative FTEs to the Water Fund; whereas, other utilities utilized an indirect allocation. Staff also reviewed the Fiscal Year (FY) 2012 Bay Area Water Supply and Conservation Agency (BAWSCA) annual survey and FY 2012 financial statements for comparison cities. Palo Alto residents did have higher water use per capita than other BAWSCA agencies. Climate and property characteristics explained the higher usage. The City's older system ATTACHMENT C FINAL MINUTES Finance Committee Special Meeting Minutes 4/15/2014 resulted in higher O&M and Capital Improvement Program (CIP) expenses. Staff presented their preliminary analysis to the Utilities Advisory Commission (UAC), which recommended that Staff complete a more in- depth analysis. Over the summer Staff planned on performing an in-depth review of data from neighboring cities. The City's rates were higher than many comparison agencies because of the higher cost of Hetch Hetchy water. However, some comparison agencies also utilized Hetch Hetchy water. The question was why the City's costs were higher than the costs of comparison agencies who used Hetch Hetchy water. One explanation was that the City was delivering a higher level of service to its customers. Ideally Staff determined methods to modify costs such that rates were competitive with comparison agencies' rates. As much of the needed information was not public record, Staff had to rely on cooperation from neighboring agencies to obtain data. Garth Hall, Utilities Advisory Commissioner indicated the UAC agreed with the next steps that Staff identified and agreed that Staff was halfway through an important exercise. Palo Alto was known as having higher water rates. Substantive comparisons of these topics produced much needed information. Council Member Holman noted each comparison city was larger than Palo Alto in terms of population. It appeared as though the City was not comparing its utility with a comparable population. Mr. Abendschein explained that each utility was different, and the ones listed were the closest comparators to Palo Alto. Council Member Holman felt the City was making an argument that suited its purpose. Mr. Abendschein reported economy of scale was not the only factor in any of the benchmarking studies. There were many other factors discussed in the comparison of Palo Alto to other utilities. Council Member Holman requested clarification of the statement that Palo Alto experienced more seasonal variation in demand, which required a higher level of operating capability. Mr. Abendschein indicated Palo Alto lot sizes tended to be larger than in other cities, resulting in more seasonal irrigation. Council Member Holman interpreted seasonal variation as different weather. Seasonal variation did not seem logical when reviewing the comparison cities. Mr. Abendschein stated there was a great deal of hidden information in the FINAL MINUTES Finance Committee Special Meeting Minutes 4/15/2014 words seasonal variation. Seasonal variation included the peakier loads associated with larger lot sizes and slightly warmer and dryer microclimate for Palo Alto Council Member Holman requested Staff compare Palo Alto to entities that purchased water from Santa Clara Valley Water District. Palo Alto did have more FTEs per unit of water; however, Palo Alto provided very good utility services. She suggested Staff determine whether service would suffer if there were fewer FTEs. She was interested in a comparison of salary and benefit costs to other BAWSCA agencies. The next steps needed to include analysis of the allocation of costs between residential and non-residential customer classes. The presentation mentioned a cost comparison of BAWSCA agencies; however, she did not find a comparison related to allocation. Ms. Fong remarked that the presentation was an attempt to provide a broad overview. The Staff report indicated that Staff would ask that question. Council Member Burt inquired whether Staff intended to determine the degree to which direct allocation of administrative services affected the cost per unit delivered. Mr. Abendschein advised that was the ideal next step. Staff intended on performing that analysis to the extent that the information was available. Council Member Burt noted in the 2010 report that Palo Alto's percentage of lost and unaccounted for water aligned with the industry average of eight to nine percent; however, Santa Clara County's rate was extremely low. The 2010 benchmark study indicated that factor could be a significant cause for Santa Clara County's lower water rate. Mr. Abendschein agreed it could make some difference; however, there were many factors to consider. Council Member Burt did not believe a single factor would explain the entire rate difference. He asked if the purchase of water accounted for half of the City's costs. Mr. Abendschein indicated by 2020, water purchases would total approximately half of costs. Council Member Burt stated three to four percent of total cost was not insignificant but it could be 10 percent of the difference in cost. Mr. Abendschein recommended the Committee use caution regarding outliers and measurement quality. Ms. Fong reported Staff had some of the same questions as the Committee. FINAL MINUTES Finance Committee Special Meeting Minutes 4/15/2014 That was one question Staff wanted to investigate. Council Member Burt assumed the economics of recycling wastewater for irrigation had improved drastically and would become even more economical by 2020. He asked if Staff would analyze that as a factor in the City's higher water rates and whether use of recycled wastewater helped close the gap in rates. Ms. Fong was not sure a recycled water project was financially viable on its own. A recycled water project relied on grants. However, Staff said they would review use of recycled water as a factor. Council Member Burt recalled that the Santa Clara Valley Water District volunteered to participate in the City's recycled water project. The economics were going to be very different in 2020. He requested Staff include that as a topic for analysis. He wanted a clear explanation of the respective cost impacts of having storage for emergency water supply and serving the customers in the foothills area. Staff indicated costs were higher because the City had to store water. The report needed to state costs were higher because the City stored water for emergencies and other cities did not. That comparison was not provided either. He preferred Staff not utilize the table in the recent benchmarking study because the casual reader might misread the benchmark on net revenue and think it was a bragging point. With respect to the accelerated main replacement program, he asked if the rate of spending would need to continue or would it end once replacement was complete. Mr. Abendschein advised that the study of the distribution system would address the rate of replacement. Council Member Burt requested an explanation as to why Menlo Park or San Carlos were not utilized as comparators. Mr. Abendschein reported the 2010 benchmark study did include Menlo Park. Council Member Burt asked if Menlo Park would be included in the next evaluation and how the City compared in 2010. Mr. Abendschein would need to review the study to answer that question. Council Member Burt generally recollected that Palo Alto had higher rates than Menlo Park; yet, Palo Alto had a better economy of scale. Mr. Hall remarked that Palo Alto was more advanced than many other utilities in terms of pipe replacement programs. There was a general consensus among water utility professionals that cities had neglected replacement programs. When Staff began benchmarking, it would be helpful to have some type of assessment of where other cities were in terms of FINAL MINUTES Finance Committee Special Meeting Minutes 4/15/2014 replacement. Many utilities utilized bond financing for capital programs, while the City utilized cash. Council Member Burt believed the City needed to convey the value of line replacement to the community. Chair Berman inquired whether the Hayward designations of outer versus inner meant a more concentrated population in a smaller geographic area. Mr. Abendschein explained that a different set of rules applied to water utilities selling water outside their boundaries. Hayward essentially acted as a private water seller to people outside their service territory, and the utility charged those customers higher rates. Vice Mayor Kniss left the meeting at 9:23 P.M. CITY COUNCIL MEETING    __05/18/2017__  [X] Placed Before Meeting  [  ] Received at Meeting  Item #_9_ City of Palo Alto  M E M O R A N D U M  TO:  Finance Committee  DATE:  May 17, 2017  SUBJECT: FY 2018 Budget Wrap‐up Memorandum  Executive Summary  This memorandum includes additional information pertaining to the Fiscal Year 2018 Proposed Budget,  summarizes changes to the City Manager’s Fiscal Year 2018 Proposed Budget, brings forth  recommended actions to revise the Fiscal Year 2018 Proposed Budget, and responds to questions raised  by the Finance Committee during previous budget hearings. Please refer to the table of contents below  for specific items.  Contents 1)ADDITIONAL INFORMATION PERTAINING TO THE FISCAL YEAR 2018 PROPOSED BUDGET ................ 2 2)CHANGES TENTATIVELY APPROVED BY THE FINANCE COMMITTEE ..................................................... 8 3)WRAP‐UP DISCUSSION OF OUTSTANDING ISSUES FROM PRIOR BUDGET HEARING MEETINGS & ADDITIONAL CHANGES RECOMMENDED ................................................................................................... 10  Staff Recommended Changes to Operating Budget .............................................................................. 10  Budget Process Parking Lot Summary ................................................................................................... 11  Additional Information Pertaining to Parking Lot Issues .................................................................... 12  Changes to the FY 2018‐2022 Capital Budget Publication ..................................................................... 14  Staff Recommended Chages to the Capital Improvement Budget ..................................................... 15  FY 2018 Municipal Fee Schedule ........................................................................................................... 16  FY 2018 Citywide Summary of Revenues and Expenses ........................................................................ 16  4)SUMMARY OF MAY 2017 FINANCE COMMITTEE MEETINGS REGARDING FY 2018 BUDGET ............. 17 Finance Committee Tentative Motions ................................................................................................. 17  Related Memos Distributed At Places ................................................................................................... 18  Future Follow‐up Items .......................................................................................................................... 18  5)LIST OF ATTACHMENTS ....................................................................................................................... 19 1 2  5/17/2017  1) ADDITIONAL INFORMATION PERTAINING TO THE FISCAL YEAR 2018 PROPOSED BUDGET  During the Finance Committee hearings, requests for additional information were made by the  Committee members.  This section provides the additional information requested by the Finance  Committee and/or provided at staff’s behest in regards to the Fiscal Year 2018 Proposed Budget.    City Attorney’s Office Outside Counsel versus In House Counsel (Requested 5/2/2017 by CM Tanaka)  On May 2nd, the Finance Committee requested staff to use no more than half a day’s work to prepare  information describing the workload and budget allocations of in‐house versus outside counsel,  including comparisons with other cities. Attachment A presents background information on the use of  in‐house attorneys vs outside counsel, including a breakdown of the usual types of duties and functions  assigned to each. In general, in‐house staff is used for the regular ongoing legal work, due to both cost  considerations and a need for responsive service. Outside counsel is often used for litigation matters,  affording the ability to rapidly staff up and down in response to litigation developments.     Benchmark City of Palo Alto with Menlo Park and Mountain View (Requested 5/2/2017 by CM Tanaka)  Displayed below are total revenue and total expenditure benchmarks per capita with both the City of  Menlo Park and the City of Mountain View.  Expense and Revenue data was obtained from the most  current published budget available for all three cities, the Fiscal Year 2017 Adopted Budgets. Population  data was obtained from the  US Census Bureau, which  provided the most current  population as of July 1st  2015. Daytime population  was obtained from  www.city‐data.com.    Population Type Menlo Park  Mountain  View Palo Alto  Population (US Census Jul 1, 2015)33,449 80,435 66,853  Daytime Population (Daytime www.city‐data.com)52,028 122,465 129,975    There are significant differences between cities in the services delivered to the public, the  means/methods of delivery, and community priorities. These unique characteristics result in major  differences between the categories and methods used to aggregate data. In the attempt to strike a  balance between normalizing the data for proper comparison and maintain proper representation, the  General Fund was focused on as it contained the most overlapping characteristics.  These figures reflect  decisions that have been made by the respective City Councils to achieve the priorities and desired  service levels to their communities.     2 3  5/17/2017  FY 2017 Adopted Budget: General Fund per Capita        Menlo Park  Mountain  View Palo Alto  Expenses $51,417,563 $108,433,000 $194,165,979  Expenses per Capita $1,537.19 $1,348.08 $2,904.37   Revenues $51,596,888 $118,718,250 $195,078,254  Revenues per Capita $1,542.55 $1,475.95 $2,918.02       FY 2017 Adopted Budget: General Fund per Daytime Population      Menlo Park Mountain  View  Palo Alto  Expenses $51,417,563 $108,433,000 $194,165,979  Expenses per Capita $988.27 $885.42 $1,493.87   Revenues $51,596,888 $118,718,250 $195,078,254  Revenues per Capita $991.71 $969.41 $1,500.89     Citywide Vacancies (Requested 5/2/2017 by CM Holman)  Throughout the City, there are currently approximately 102 positions vacant, the plurality of which can  be found in the Utilities Department.  Attachment B outlines the current vacancies in the City by  department and by budgeted funding source.  In specific areas, “backfill” is being used to cover the  duties and is noted by an italicized job title.  Backfilled could mean using higher class pay per the terms  of the appropriate Memorandum of Understanding (MOU), an overstrength position, additional  overtime, or the use of contractual dollars or temporary help to accomplish the workload associated  with the vacant position.     3 4  5/17/2017  Print & Mail Fund Contractual Services Increase (Requested 5/2/2017 by CM Tanaka)  In FY 2017 the Adopted Budget Contract Services expense for the Print and Mailing Services Fund was  $114,711 and is recommended to be increased by $134,931 in FY 2018 to $269,642.    The $134,931 increase is for the ARC copier contract, a newly awarded contract, which replaces the  previous contract for copiers with Toshiba; the Toshiba contract was up for renewal.  City Council  approved the ARC copier contract in November 2016 for five years (Report ID # 7046).  Upon review of a  procurement analysis of cooperative purchasing agency opportunities for copier contracts from major  providers, all compared contracts would have resulted in an increase to the Toshiba contract costs.   After review, City Staff found that ARC offered the best value for the cost, feature set, and ability to  meet the City’s paperless goals.  In comparison to other copier contracts that ranged from $23,297 to  $31,191 per month, ARC was selected at $28,693 per month.    Unlike other providers that charge a fixed lease cost based on limits to print volume, ARC has a service  model that allows the City to reduce costs by reducing print activity. In addition, features such as paper  or toner replacement, which then costs the City staff time to manage and maintain are not included in  low cost contracts. For example, compared to the Toshiba contract, which did not provide paper, the  ARC copier contract includes costs for maintenance and paper. As a result, Supplies and Material costs  were reduced in department budgets by a total of $100,000 to partially offset this increase in the central  contract costs. Other features such as energy efficiency, hole‐punching, color copying, and free color  scanning will support and encourage electronic document production. Over time, the new ARC copiers  will help reduce paper consumption along with costs while also helping the City meet its green goals of  reduced paper consumption. With centralized ARC copiers, the City can also better consolidate and  reduce usage of single purpose laser jet office printers, which have a higher cost‐per‐page‐printed  compared to ARC. Staff will be monitoring the costs of the ARC copier contract and if the costs are more  than anticipated staff can end the contract at any time with advanced notice as allowed by the contract  terms.    The Finance Committee also asked about the volatility of the costs in prior years in the Contract Services  expense category as outlined in the table below.      Printing and Mailing Fund   Dollars by Expense Category  FY 2016  Adopted  Budget  FY 2016  Actuals  FY 2017  Adopted  Budget  FY 2018  Proposed  Budget  Contract Services $165,511 $34,411 $114,711  $249,642    Contract services in this fund are very dependent on the printing activity needs of the City.  In addition  to the on‐site print shop services, previously the print shop would coordinate the use of outside printing  vendors for jobs they were unable to complete either due to capacity or not having the necessary  equipment to complete it. The coordination of the use of outside printing vendors was decentralized in  FY 2016, resulting in these cost no longer appearing in this fund but directly in Department’s operating  budget expenses. As a result, significantly lower than budget expenses occurred in FY 2016.  The FY 2017  Adopted Budget was reduced by approximately $50,000 to reflect the experiences of FY 2016 and the  decentralization of this activity.       4 5  5/17/2017  Internal Services Funds and how they work (Requested 5/2/2017 by CM Fine)  The diagram below provides a visual representation of the funding mechanics of internal service funds  (ISF). This example reflects the primary funding mechanism for the Vehicle Replacement & Maintenance  Fund (“Vehicle Fund”) and illustrates the flow of funds from various other City funds and City  departments to the ISF. The departments and funds contributing to the Vehicle Fund are detailed in blue  on the far left. These expenses are reported in the expense by category summary table as an “Allocated  Charge.”  Moving to the right, those charges for example in the Fire Department General Fund of $1.7  million are accounted for as revenue in the Vehicle Fund (this can be found in green in the center under  “REVENUE”).  The revenues in the Vehicle Fund are programed as vehicle expense activities in orange on  the far left under “EXPENSES.”  This diagram is intended for illustrative purposes only and reflects the  primary source of funds for the Vehicle Fund.        City Manager’s Office Economic Development Recruitment (Requested 5/2/2017 by CM Holman)  A copy of the recruitment brochure for the Economic Development Director position from 2010 was  requested.  The City’s retention schedule for recruitment files is 3 years; therefore the brochure and  recruitment details are no longer on file.  However, please find Attachment C, a job description which  was updated for the 2010 recruitment and was used as a basis for the brochure.  Note that the position  was classified as a Manager (rather than a Director) and reported to a Deputy City Manager.  For  reference, the Economic Development Manager did not supervise staff and was paid at approximately  the same salary range as the Budget Manager and the Chief Planning Official, or approximately $167,000  at the top of range.     ASD General Fund  $0.06 M (0.71%) CSD General Fund  $0.6 M (6.75%) DSD General Fund  $0.29 M (3.28%)Allocated Charges $1.18 M Fire General Fund  $1.69 M (19.04%)Contract Services $0.51 M Library General Fund  $0.01 M (0.07%)General Expense $0.07 M PCE General Fund  $0.01 M (0.07%)Rents & Leases $0.19 M PD General Fund  $1.37 M (15.37%)Salary & Benefits $2.29 M PW General Fund $1.00 M (11.27%)Supplies & Material $1.17 M Vehicle Replacements $3.48 M IT Internal Service Fund  $0.02 M (0.27%) PW Enterprise Funds $0.99 M (11.15%) UTL Enterprise Funds  $2.85 M (32.03%) $8.89 M $8.89 M EXPENSES Allocated Charges to  Departments for Vehicle   Replacement & Maintenance REVENUE Allocated Charges to Departments for  Vehicle Replacement & Maintenance Vehicle Replacement & Maintenance Fund Subtotal Enterprise  and Other Funds  $3.86 M (43.47%) Subtotal General Fund $5.03 M (56.53%) 5 6  5/17/2017  Human Resources Grievances and Hotline Complaints Metrics (Requested 5/2/2017 by CM Holman)  Please see the charts below that provide an overview of the Employee Relations caseload for FY 2016  and FY 2017.  Note that  Employee Relations is one  division in Human Resources  and the chart does not reflect  other significant HR activities,  such as: 285 recruitments, 80  active workers comp cases,  4,800 Personnel Action Forms  processed, 294 health open  enrollment changes, and 31  retirements handled in the fiscal year.      The City Auditor, who oversees the City’s Fraud, Waste and Abuse Hotline, provided a presentation of  the Hotline to the Policy and Services Committee on March 28, 2017.  Attachment D is a copy of the City  Auditor’s power point presentation, along with a link to the most recent  report:  http://www.cityofpaloalto.org/civicax/filebank/documents/57007  The City Auditor’s report provides the following summary by year:      City Employees to Human Resources Staffing Ratios  (Requested 5/2/2017 by CM Tanaka)  Staff was asked to comment on the ratio of HR to City employees in Palo Alto as compared to Mountain  View.  Upon further research, it was noted that the City of Mountain View’s HR count did not include 2.0  FTE’s budgeted in Finance for Risk Management and Workers’ Compensation. A more accurate  comparison is included below, along with comparisons to other local agencies. According to the Society  of Human Resources Management (SHRM), the typical staffing ratio in the private sector is 75‐100  employees to 1 HR staff.  In general, public sector requires more staffing in HR, based on factors such as  a unionized environment, management of a Merit Rules system, oversight of complex benefits  regulations and pension plan, and specialized support required for Public Safety personnel. The staffing  analysis indicates that Palo Alto’s ratio compares favorably to other public agencies in the area.     FY2016 –New Cases FY2017 –New Cases  Grievances/Arbitrations 9 Grievances/Arbitrations 9 Meet and Confer 8 Meet and Confer 12 Outside Charges  (DFEH/PERB/EEOC)  4 Outside Charges  (DFEH/PERB/EEOC)  5 Formal Investigations 11 Formal Investigations 6 Employee Relations Cases 13 Employee Relations Cases 11 Total 45 Total 43 6 7  5/17/2017             Local Agencies ‐ City FTE to HR Ratio     Source:  FTE's from latest Adopted or Proposed Budget as published on the Agency website  Agency City FTE HR FTE HR Ratio Notes  City of Santa Clara 1,071.0 15.00 71:1    City of Redwood City 565.9 8.00 71:1 Does not include Assistant Director who oversees HR  City of Mountain View 603.4 9.50 64:1 Includes 2.0 positions in Finance for Risk Management;   does not include Assistant Director who oversees HR  City of Palo Alto 1,058.0 17.25 61:1    City of Milpitas 340.0 6.00 57:1    City of Fremont 901.3 16.25 55:1 Includes 2.0 positions in City Attorney's Office for Risk Mgmt  and Workers Comp  City of Sunnyvale 901.0 20.00 45:1 City FTE includes combined Police and Fire (Dept of Public  Safety)  City of Alameda 512.0 11.70 44:1 Includes 1.0 Senior HR staff funded in Utilities and 2.7 positions  in the City Attorney's Office for Risk Mgmt and Workers Comp  Note: Excludes Councilmembers and Seasonal/Hourly Employees    Contingent Accounts: historical budget and usage (Requested 5/2/2017 by CM Tanaka)  The annual adopted budget includes six contingent accounts totaling $725,000 annually. These accounts  are typically used for unanticipated events and initiatives throughout a given year.  In addition to  contingent accounts, the City typically approves establishing various reserves for specific purposes such  as a salary reserve for labor negotiations or a Sustainability Reserve for the implementation of  sustainability initiatives.  Attachment E outlines the last three years of both contingent accounts and  reserves that have been budgeted in the Non‐Departmental section of the annual operating budget.   There are two distinguishing factors of reserves and contingent accounts: 1) contingent accounts are  appropriated annually whereas reserves are typically one‐time in nature, and 2) contingent accounts can  be used with written authorization of the City Manager as outline in Municipal Code Section 2.28.060  whereas reserves require a budget amendment ordinance and thus City Council approval.    Citywide Code enforcement Estimates Revenue implications (Requested 5/9/2017 by CM Holman)  Staff does not believe that a greater use of fines and penalties is warranted given the type of code  enforcement cases being handled and the ability to achieve compliance through other means.  If the  Council is interested in increasing the cost recovery of the code enforcement function, staff would  recommend undertaking a nexus study to justify an increase in application fees to cover code  enforcement.      The City could also pursue revenues from vacation rentals with an updated vacation rental ordinance as  other jurisdictions have done.  These jurisdictions have allowed a certain number of short term rentals  (i.e. days per year) by owner‐occupants as long as the owners register their properties and pay a  fee.  Owners are also required to pay Transient Occupancy Tax (TOT) and violations are aggressively  enforced with fines and penalties for unauthorized rentals.  Some jurisdictions have found it useful to  supplement staff with contract enforcement when focusing on this issue, so the increased revenues are  accompanied by some increased costs.       7 8  5/17/2017  Development In‐Lieu and Impact Fees (Requested 5/9/2017 by CM Holman)  Annually the City reports out on the City’s various development impact fees.  Although in the budget  document these funds are aggregated for reporting simplicity, however, in order to comply with State  law AB 1600, for accounting purposes, these funds are segregated from other funds of the City with  interest on each development fee fund or account credited to that fund or account and used only for  the purposes for which the fees were collected.  Per State law (Government Code Section 66006) each  local agency that imposes development impact fees must prepare an annual report providing specific  information about those fees.  Typically this report is provided in January or February of the year  following the fiscal year end close, therefore the most recent report for Fiscal Year 2016 was approved  by City Council on February 2, 2017, City Manager Report #7386 Annual Development Impact Fees FY16  which can be found here:  http://www.cityofpaloalto.org/civicax/filebank/documents/55646.    SUMC Fund: Past Present & Future (Requested 5/9/2017 by CM Holman)  On an annual basis, Staff brings forward to City Council a report that outlines activities that have  occurred during the time period in regards to the Stanford University Medical Center Fund, including  construction activities and other actions taken to fulfill the obligations of the agreement, discussion of  current and future commitments, and an accounting of funds.  The most recent report, City Manager  Report #6358 Stanford University Medical Center Annual Report and Compliance with the Development  Agreement, discusses the SUMC Parties activities during FY 2015, the fourth year of the Agreement.  Staff anticipates that the FY 2016 report will be brought forward for Council review in the late June,  early August timeframe. To date, the SUMC parties have contributed $32.5 million in public benefit  funds and are anticipated to pay an additional $11.7 million upon issuance of the first hospital  occupancy permit, projected to be issued in October/November of 2017.  This next phase of funds is  already allocated to the infrastructure plan. The most recent report can be found here:  http://www.cityofpaloalto.org/civicax/filebank/documents/51645.     How many spaces does valet in University Avenue free up? (Requested 5/9/2017 by CM Fine)  The current valet program parks about 50‐60 cars per day, mostly at the High Street Garage. Staff  anticipates that maximizing valet parking at the High Street, Bryant/Lytton, and Cowper/Webster  garages could theoretically increase capacity by a total of about 150 cars per day. Further, staff  anticipates that additional capacity could be added in other lots and garages (including California  Avenue) however, this expansion of the program would require the appropriation of additional funding.   Staff will evaluate the cost effectiveness of this program.    2) CHANGES TENTATIVELY APPROVED BY THE FINANCE COMMITTEE    Throughout the Finance Committee Hearings, the Committee has tentatively approved a number of  components of the City Manager Proposed FY 2018 Operating and Capital Budgets.  This section  describes Finance Committee recommended changes made to the budget.     GENERAL FUND    City Auditor’s Office:  On May 2, 2017, the Finance Committee tentatively approved the addition of  $20,000 to the City Auditor’s Office budget to conduct a citizen survey of resident opinions on the  quality of code enforcement. This funding will be used to augment the information received through the  Code Enforcement Audit and to help inform the audit recommendations to improve the quality of the  8 9  5/17/2017  Code Enforcement Program. In addition, funding will provide capacity for some customized questions in  the City’s annual National Citizen Survey.     OTHER FUNDS    On May 4, 2017, the Finance Committee tentatively approved changes to the Storm Drainage Fund and  the Wastewater Treatment Fund in recognition of the recent approval of the Storm Water Management  fee in April 2017.  A majority of property owners, via a ballot‐by‐mail process, established a base rate of  $13.65 per Equivalent Residential Unit (ERU) per month along with a provision that the City Council  could increase the rate on an annual basis by the local inflation rate (as measured by the Consumer  Price Index) or 6 percent, whichever is less.     Below are the recommended changes to the FY 2018 Proposed Budget, which are detailed in the At  Places Memorandum that can be found here:   http://www.cityofpaloalto.org/civicax/filebank/documents/57694.     Wastewater Treatment Fund    Staffing Realignment:  Shift 2.21 FTE to the Storm Drainage Fund, reduction of $346,648 ongoing.    Storm Drainage Fund    Operating Budget Proposals:  ‐ Shift 2.21 FTE from the Wastewater Treatment (WWT) Fund, addition of $346,648 ongoing.    ‐ Add 1.0 FTE Associate Engineer position and $40,000 for regulatory requirement consulting  services, addition of $188,189 total ongoing.  ‐ Provide funding for a Green Infrastructure Plan related to Storm Water Management, addition  of $341,000 ongoing.    Capital Budget Proposals:  SD‐13003 Matadero Creek Storm Water Pump Station and Trunk Line Improvements   FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 5 Year Total Proposed FY 2018‐ 2022 CIP (4/24/17)   $259,632 $0 $0 $0 $0 $259,632 Recommended $259,632 $2,226,000 $0 $0 $0 $2,485,632   SD‐06101 Storm Drain System Replacement and Rehabilitation  FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 5 Year Total $450,000 $465,000 $480,180 $496,551 $513,124 $2,404,855   SD‐20000 Storm Drain Pump Station to Adobe Creek  FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 5 Year Total $0 $0 $500,000 $2,000,000 $0 $2,500,000   SD‐22000 East Bayshore Road and East Meadow Drive Storm Drain System Upgrades  FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 5 Year Total $0 $0 $0 $0 $1,340,000 $1,340,000 9 10  5/17/2017  3) WRAP‐UP DISCUSSION OF OUTSTANDING ISSUES FROM PRIOR BUDGET HEARING MEETINGS &  ADDITIONAL CHANGES RECOMMENDED  This section outlines those items recommended by the Finance Committee to be placed in the “Parking  Lot” for further discussion and additional staff‐recommended changes to the proposed budget.      Staff Recommended Changes to Operating Budget    GENERAL FUND    A summary of the revised FY 2018 General Fund Budgets by Department can be found in Attachment F.   This chart reflects the tentatively approved adjustments thus far and adjustments recommended within  this memorandum; it does not reflect changes to items placed in the “Parking Lot”.    Reallocation of $150k from CMO to Non‐Departmental  This action reallocates the recommended $150,000 in one‐time funding from the City Manager’s Office  to the Non‐Departmental section of the FY 2018 Proposed Operating Budget.  These funds are  recommended for an outside study that will help inform the path forward for the City's parking and  transportation efforts, contribute to the integration of a strategic vision across each of those efforts, and  review what organizational structure would best manage these new initiatives. Therefore, given the  citywide nature of this evaluation, funding is more appropriately aligned with citywide initiatives in the  Non‐Departmental section.    AIRPORT FUND    Tie Down Lease and Property Rental Revenues  This action increases the estimate for tie down lease and property rental revenues at the Airport that  were inadvertently cited as $1,011,509 in the FY 2018 Proposed Operating Budget by $500,000.  These  revenues are associated with the anticipated sunset of the Fix Based Operator (FBO) leases in April 2017  and were anticipated in the development of the Airport Fund and were included in the 5 year financial  forecast previously provided.    RESIDENTIAL HOUSING IN‐LIEU FUND    Below Market Rate Housing Contract  This action appropriates $137,000 for contract services of Palo Alto Housing Corporation (PAHC) in the  Residential Housing In‐Lieu fund.  Funds will be used for oversight of the City's Below Market Rate (BMR)  housing program including administering the sale and re‐sale of new and existing BMR owner units,  maintaining the home purchase waiting list, monitoring occupancy of BMR rental units, providing advice  and consultation to the City regarding negotiations of BMR agreements with developers, and addressing  special issues related to the program as a whole.  This program is subject to City Council approval of the  contract, scheduled to be considered on June 5, 2017. This request was excluded from Fiscal Year 2018  proposals due to uncertainty of amounts, which were confirmed upon completion of an RFP in late April.   (Ongoing Costs: $137,000)     10 11  5/17/2017  UTILITY FUNDS    In the printing of the FY 2018 Proposed Operating  Budget, the “Capital Improvement” expense category  was inadvertently overstated due to the double  counting of salaries and benefits associated with  capital improvement projects.  Therefore, in order to  reflect the lower level of expenses anticipated in FY  2018, it is recommended that the appropriated  expenses in the following funds be adjusted  downward to accurately align with the anticipated  staffing and construction costs. There is no impact to  rates or the financial forecasting in these funds, this was simply a display issue in the Proposed Budget  documents.      Budget Process Parking Lot Summary    During the budget hearings, the Finance Committee moved to make various changes to the proposed  budget primarily by moving items to the “Parking Lot” for further discussion at a future meeting.  This  section outlines those items. This table is organized to include the date the action was taken, a short  description of the action that was tentatively approved, and the dollar value (if applicable).  Following  the table is additional information for a few select items from the list as denoted by a “*” in the chart.   These items provide additional information requested by the Finance Committee and/or provided at  staff’s behest in regards to the items in the parking lot. Staff hopes that this additional information will  facilitate the Committee’s review, discussion, and approval of these items.    Date Dept Description GF Rev. All  Funds  Rev. GF Exp. All Fund  Exp Requirements/Legal Implications: 5/2 CMO City Manager's Office Staffing  Reorganization (approved by City Council  fall 2016) and the role of economic  development 5/2 Non‐Dept Non‐Departmental Section 0 0 37,814 37,814 5/4 PW Tree Trimming Cycle Time*0 0 338 338 5/4 PW Urban Forest Master Plan* 5/4 PW Vehicle Maintenance and Replacement  Fund* 0 6,863 0 5,035 5/9 PCE YCS Funding (three year matching grants) 0 0 50 50 5/9 PCE University Avenue Parking Fund and  Transportation Management Association  (TMA)* 0 2,514 0 2,876 $0 $9,377 $38,202 $46,113 * These items have additional information provided in the following chart. Summary of "Parking Lot" Items ($'s in thousands) Total Parking Lot Items TBD N/A   Fund  Recommended  Adjustment  Electric Fund ($5,856,030)  Fiber Fund ($166,370)  Gas Fund ($2,666,977)  Wastewater Collection Fund ($2,155,768)  Water Fund ($1,395,292)  TOTAL ($12,240,437)  11 12  5/17/2017  Additional Information Pertaining to Parking Lot Issues    GENERAL FUND    Tree Trimming Cycle Time (Requested 5/4/2017 by CM Holman)  The Committee inquired about why staff proposed to cut tree maintenance and the cost of shortening  the proposed 10‐year cycle to either a 9‐year cycle or an 8‐year cycle. With requests for budget  reductions in FY2018, staff analyzed the three areas in General Fund in which cuts could be made  (Janitorial, Streets and Trees) and determined extending the tree trimming cycle for the next two years  of the contract would be the least impactful on the City. The proposed budget reduction ($338,220) to  extend the cycle to 10 years equates to $1.22 million for Year 2 of the contract. A 9‐year cycle would  cost $1.29 million ($262,887 reduction), an 8‐year cycle would cost $1.37 million ($177,887 reduction)  and a 7‐year cycle would cost $1.55 million in FY2018.    To reiterate impact information submitted during the FY2017 budget hearings regarding tree health, the  10‐year cycle requires removal of 12.5% of the live canopy, whereas the 7‐year cycle removes 8.75% of  the live canopy. That said, the American National Standards Institute (ANSI) A300 pruning standard  allows for up to 25% of the live canopy to be pruned in any one year, although staff recommends less.  Tree maintenance operations will be conducted in accordance with ANSI A300, ANSI Z133, and industry  best practices. In addition, city tree trimming operations are led by an International Society of  Arboriculture (ISA) Certified Tree Worker and supervised by an ISA Certified Arborist to ensure tree  health.     Urban Forest Plan: 3rd Year Initiatives & Elevation of the Office Status (Requested 5/4/2017 by CM  Holman)  The Committee inquired about the programs included in Year 3 of the Urban Forest Master Plan and  what staff can and cannot implement with existing funding and how much the margin would cost. Year 3  programs are items numbered 39‐57 listed on pages 167 ‐173 of the March 2015 publication  (Attachment G). For the purposes of this exercise, programs have been grouped into four main  categories: Community Relations/Public Input (39‐40), Development (41‐49), Solar (50‐51), and Wildlife  (52‐57). Staff anticipates being able to initiate the Community Relations/Public Input programs,  implement the Solar programs, and partially implement a couple of the Development programs with  existing FY2018 budget. The remaining Development programs and all of the Wildlife programs would  require new funding of $90,000 and $25,000, respectively, and were recommended to be deferred to  the Fiscal Year 2019 budget process pending funding availability.    In addition, the Committee inquired about elevating (or increasing the influence of) the Urban Forest  Section of the Public Works Department Public Services Division. The Urban Forester reports directly to  an assistant director within the Public Works Department reflecting a high level within the Department.   This allows the urban forestry group to have a high level of representation within the Department and  ensures that maintaining the urban forest remains a high priority to the Department and its executive  leadership, and that this message is communicated to the Council.       12 13  5/17/2017  OTHER FUNDS     University Avenue Parking District Fund    Transportation Management Association (TMA) funding and options for revenue offsets: (Requested  5/9/2017 by CM Fine)  The TMA has provided a high level summary of how it would use additional funding of up to $450,000  annually.  The TMA anticipated that the funding would be dedicated to transit passes for low income  workers, carpool subsidies, and first/last mile solutions (e.g. parking at transit stops), and estimate they  could shift 750 people to alternate modes, thereby achieving a 14% reduction in SOV rates from the  original estimate in 2015. (See summary table below.)     TMA Proposal for FY 2018  (Goal = 14% SOV Reduction)  Mode  #  People/Passes  Cost Basis   (based on current $$) Annual Expense  Transit 200 $1,320/year per person  (average)  $264,000 Carpooling 500 (based on current costs) $150,000 First Mile/Other 50   $50,000 Total Program Costs $464,000 TMA Admin/Business Expense $160,000 Total for 2018 $624,000   In regards to funding opportunities for this additional allocation, the primary sources could be further  increasing Parking lot/garage permit fees or pursuing Measure B local street and roads funds that would  potentially start flowing to the City in Q3 of 2017.  Parking lot/garage permit fees are proposed to  increase by 20% (Downtown) and 88% (Cal Ave) in the proposed budget, with the increased revenues  mostly going towards needed capital improvements.  If fees were increased more, for example by 50%  (Downtown) and 100% (Cal Ave.), staff estimates that this could raise an additional $400K to $500K.      Vehicle Maintenance & Replacement Fund    Cost per vehicle (Requested 5/4/2017 by CM Holman)  The FY 2018 Proposed Capital Budget included a replacement schedule of $3.2 million citywide for  various vehicles.  Attachment H displays the list of vehicles scheduled to be replaced along with their  budgeted replacement values.    Breakdown of 57 SUV and sedans (Requested 5/4/2017 by CM Tanaka)  The 57 vehicles included in the infrastructure inventory listed on page 626 of the Fiscal Year  2018 Proposed Capital Budget document are comprised of Sedans and SUVs with 20 used as  pool vehicles and 37 used as special purpose vehicles that are assigned to a department and  used in the service of a particular position’s job responsibilities. These 57 vehicles are parked  throughout the city, with 31 at City Hall, 4 at various fire stations, 2 at the plant, 4 at Elwell  13 14  5/17/2017  Court, 1 at Cubberley, 1 at Lucie Stern Community Center and 14 at the MSC. Below is a  detailed list by fuel source:    28 Unleaded (18 Sedans and 10 SUVs)  ‐ Sedans   13 Police special purpose   2 Planning & Community Environment   3 Utilities (1 pool vehicle)   ‐ SUVs   3 Police special purpose   4 Fire   2 Planning & Community Environment   1 Public Works (pool vehicle)  22 CNG (22 Sedans)   ‐ Sedans   2 Police special purpose   2 Community Services (2 pool vehicles)   3 Fire   6 Utilities (4 pool vehicles)   7 Public Works (6 pool vehicles)   2 Planning & Community Environment (1 pool vehicle)  5 Hybrid (4 Sedans and 1 SUVs)  ‐ Sedans   2 PWD (2 pool vehicles)   2 UTL (2 pool vehicles)  ‐ SUV   1 PWD pool vehicle  2 Electric (All Sedans)  ‐ Sedans   1 PWD   1 UTL      Changes to the FY 2018‐2022 Capital Budget Publication    Throughout the Finance Committee meetings, various sections of the FY 2018‐2022 Capital  Improvement Plan have been tentatively approved with both the General Capital Improvement Fund  and the Utilities funds still to be reviewed on May 18, 2017.  While the Finance Committee has not  placed any capital improvement items in the “parking lot,” staff recommend additional changes as a  result of new information and updates to the status of select projects.  Below outlines the additional  staff recommended changes including updates to the reappropriation of funds.  In addition, it transmits  the letter from the Planning and Transportation Committee (PTC).        14 15  5/17/2017  Planning and Transportation Committee Review    On May 10, 2017, the Planning and Transportation Committee reviewed and approved the FY 2018‐2022  Capital Improvement Plan for compliance with the City’s current Comprehensive Plan.  Attachment I is  the letter and additional information the PTC wished to transmit to the Finance Committee.  The  transcribed minutes from the meeting are not yet availabe and will be referenced in the City Manager  Report to transmit the final budget adoption for FY 2018 in June 2017.    Staff Recommended Chages to the Capital Improvement Budget    GENERAL CAPITAL IMPROVEMENT FUND: Junior Museum and Zoo capital project  This action establishes a Junior Museum and Zoo Renovation (AC‐18001) capital improvement project  and recommends an initial approriation of funding in the amount of $706,000 offset by a reduction in  funding to the Rinconada Park Improvements Project (PE‐08001) funding in FY 2019.  The Community  Services Department (CSD) is planning to move its current Junior Museum and Zoo (JMZ) exhibits and  operation to the Cubberley Community Center during Fiscal Year 2018 to vacate the current site ahead  of the JMZ Rebuild project that is expected to commence in spring 2018.  Costs consists of $30,000 in  design costs for renovations at Cubberley; $376,000 in construction & contingency costs (also include  moving costs); and $300,000 in permit and inspection fee costs for the temporary reconfiguration and  operation of JMZ at Cubberley.  It is anticipated that during the first six months of FY 2018, funding will  be necessary for this activity and will be needed in advance of staff bringing forward the full contruction  project for the JMZ in coordination with the Friends of the JMZ.      VARIOUS CAPITAL IMPROVEMENT FUNDS:  Reappropriations  As described in the Proposed Capital Budget document and discussed during the Finance Committee  Budget Hearings, the City Council approved change in the method for accounting for capital budget  reappropriations is included in the 2018‐2022 Proposed Capital Budget Improvement Program (CIP).   Previously, any unspent capital funds carried forward from one fiscal year to the next automatically, as  long as the project was active.  As a result of the October 2014 change to the Municipal Code, City  Council authorization is now required for reappropriations.  The FY 2018 budget process continues this  process with the current FY 2018 Proposed Capital Budget including approximately $46.1 million in  reappropriated funds, across all funds.    In the time since the Proposed Budget figures were developed (early spring of 2017), departments have  re‐reviewed current year estimates and the reappropriation amounts built into the proposed CIP.   Additional reappropriation adjustments are recommended as part of this wrap‐up memorandum in  order to update the FY 2018 Capital Budget with current, more refined estimated activity levels in Fiscal  Year 2017.    Cumulatively, this re‐review of projects has resulted in staff’s recommendation to increase the Fiscal  Year 2018 Proposed Capital Budget by a net total of $14.8 million, from $157.2 million to $172 million,  and are recommended in the following funds:     15 16  5/17/2017    Fund  Recommended Fiscal Year 2018  Funding Adjustment  Airport Fund $45,000  Capital Improvement Fund $1,280,713  Electric Fund $950,865  Gas Fund $3,495,960  Vehicle Replacement Fund $400,000  Wastewater Collection Fund $448,740  Wastewater Treatment Fund (R) $7,000,000  Water Fund $1,140,717  Total All Funds $14,761,995  (R) Denotes a reappropriation of revenues as well.    These adjustments, as outlined by project in Attachment J, combined with those outlined in the  Proposed Capital Budget will ensure that funds are available at the onset of Fiscal Year 2018 for projects  that have experienced delays in the current year and will reduce the Fiscal Year 2018 Proposed budget  for projects that experienced higher than anticipated expenditure levels within Fiscal Year 2017.  In  total, reappropriations of an estimated $60.9 million remain below those assumed in the FY 2017  Adopted Capital Budget of $79.8 million.    FY 2018 Municipal Fee Schedule    While the Municipal Fee Schedule for Fiscal Year 2018 will be discussed by the Finance Committee on  the 18th of May, staff wished to proactively provide additional information pertaining to the City  Manager Report #8020 FY 2018 Proposed Municipal Fee Schedule.  Two At Places Memorandum are  anticipated to be distributed on the following topics and can be found referenced on the City’s Budget  website.  ‐ Electric Vehicle (EV) Chargers:  This memorandum recommends a new EV Charging fee be  established in order to charge for the charging of electric vehicles on City owned property such  as the Civic Center garage.  ‐ Parking Permit Fees:  This memorandum outlines three corrections to the Municipal fee CMR  and provides additional clarification and justification surrounding the changes in various parking  fees.    FY 2018 Citywide Summary of Revenues and Expenses    After accounting for the various tentatively approved motions and staff recommendations, this section  provides a high level summary of the status of the City’s FY 2018 proposed citywide revenues and  expenses.  It should be noted, that this section does not contemplate and items in the “parking lot” at  this time.    16 17  5/17/2017  Additionally, subsequent to the release of the FY 2018 City Manager’s Proposed budget on April 25,  2017, staff found an error in the Citywide revenues and expenses summary tables as reported in the  proposed budget document.  It was identified that within these summary tables, a non‐budgeted fund  was included resulting in an overstatement of both revenues and expenses. Revenues were overstated  by $10.07 million, and expenses were overstated by $9.97 million.  The chart below restates the FY 2018  Proposed citywide revenues and expenses as they would have been had this non‐budgeted fund been  excluded in the “Revised Citywide Proposed Budget (restated for Correction)” row.  Once adjusting for  this, tentatively approved motions by the Finance Committee, current recommendations by staff, the  Citywide budget stands as follows:    Summary of Changes to the FY 2018 Proposed Budget Citywide  ($’s in thousands)  Revenues Expenses  Citywide Proposed Budget, released April 25, 2017 $591,651  $661,774  Revised Citywide Proposed Budget  (Restated for Correction)$581,582  $651,801     Finance Committee Hearing Amendments  Tentatively Approved:   Auditor's Office Code Enforcement Survey $0  $20   Storm Drainage Fund Ballot Measure Implementation $0  $979      Staff Recommended:   Airport Tiedown Revenue Correction $500  $0   Below Market Rate Program Oversight Contract $0  $137   Utilities Capital Improvement Program Corrections $0  ($12,240)  Various Capital Reappropriations $7,000  $17,762  Citywide Proposed Revenue and Expenses (as of May 18th Wrap‐Up)$589,082 $658,459   The FY 2017 Citywide Adopted Revenues and Expenses were $546.3 million and $641.8 million  respectively. The Citywide Proposed Revenues and Expenses as of May 18th reflect year over year  growth of 7.8% in revenues ($42.8 million) and 2.6% in expenses ($16.7 million).     4) SUMMARY OF MAY 2017 FINANCE COMMITTEE MEETINGS REGARDING FY 2018 BUDGET     Finance Committee Tentative Motions  Action Minutes to the Finance Committee Hearings to date can be found on the City’s webpage here:   http://www.cityofpaloalto.org/gov/agendas/finance/default.asp.  Specific meetings are linked below.    May 2, 2017 Action Minutes: http://www.cityofpaloalto.org/civicax/filebank/documents/57763     May 4, 2017 Action Minutes: http://www.cityofpaloalto.org/civicax/filebank/documents/57762     May 9, 2017 Action Minutes: http://www.cityofpaloalto.org/civicax/filebank/documents/57862      17 18  5/17/2017  Related Memos Distributed At Places  Throughout the Finance Committee Budget Hearings, various memorandums were distributed “At  Places” in order to respond to inquiries made by the Committee or provide additional pertinent  information at staffs behest. In addition, summary presentations were given at each hearing providing  high level overviews of each item.  Those presentations as well as the memos listed above can be  referenced on the City of Palo Alto’s Budget Office website under “FY 2018 Budget Hearings” at:  http://www.cityofpaloalto.org/gov/depts/asd/budget.asp     Below is a sumary of the topics included in the “At Places” memorandums.      May 2, 2017: http://www.cityofpaloalto.org/civicax/filebank/documents/57694   ‐ Storm Water Management Fee ballot measure implications    May 4, 2017:   ‐ Human Resources Allocation Process Staff Report:   http://www.cityofpaloalto.org/civicax/filebank/documents/57746   ‐ Airport Fund Loan Repayment to the General Fund:   http://www.cityofpaloalto.org/civicax/filebank/documents/57742     May 9, 2017: http://www.cityofpaloalto.org/civicax/filebank/documents/57780   ‐ General Fund Overtime and Salary Comparison (Citywide)  ‐ Comparison of Neighboring Airport Tie down Rates and Federal Aviation Administration (FAA)  Grant Assurances    Future Follow‐up Items    During the Finance Committee hearings, the Committee voted to place topics and items in a “Longer  term parking lot” to be considered for further staff follow‐up at a later date.  Below is a list of these  items through the May 2, 4, and 9th committee meetings.  This list is reflective of referral items from the  Finance Committee to the City Council for direction to Staff to complete and return to the Finance  Committee at a later date.    1. Review of citywide overtime usage   2. Review of the financial reporting display of the unfunded pension liability   3. Report to City Council on the plan and implications for power redundancy  4. Review of charges for services for advanced life support and medical services calls   5. Review of daytime population cost recovery options    In addition, various items have arisen during the budget hearings that are not included in the FY 2018  Proposed Budget.  These items were not included as insufficient information is available to provide a  recommended budget action at this time, however, staff does anticipate these could be brought  forward for consideration in the near term.  These types of projects include but are not limited to:    ‐ Cool Blocks Grant (3 year program)  ‐ Consolidated parking permit and citation software management platform  ‐ Automated Parking Guidance System  ‐ Junior Museum and Zoo   ‐ CalTrain means restriction (west side fencing)  18 170517 th 0140181 Memorandum       Office of the City Attorney       City of Palo Alto  Date: May 16, 2017  THE HONORABLE CITY COUNCIL  Palo Alto, California    Attn: Finance Committee  RE: Follow‐up information regarding in‐house and outside legal counsel  Dear Members of the Council: On May 2nd, the Finance Committee requested staff to use no more than a half day’s work to  prepare information describing the workload and budget allocations of in‐house versus outside  counsel, including comparables with other cities.  Background and Comparisons  Most charter cities of Palo Alto’s size maintain an in‐house legal department and retain outside  counsel for litigation and, in some cases, other services. Comparative local jurisdictions have  legal departments containing four to eight in‐house attorneys, with an organizational ratio of  one in‐house attorney for somewhere between 100 and 200 total employees. Palo Alto has  eight in‐house attorneys, with approximately one attorney per 132 total City employees.  The City Attorney assigns work to in‐house and outside counsel based on cost and type of  assignment. In‐house counsel are significantly less costly than outside counsel. The cost of Palo  Alto’s in‐house legal department (including salaries, benefits, staff and overhead) equates to  approximately $172 per attorney hour. This compares with private attorney rates that currently  range from $195 (tort defense counsel) to $570 (highly‐specialized transactional services),  averaging approximately $330 per hour.  In‐house attorneys have greater familiarity with the City’s programs, services and priority  projects, and often superior knowledge and experience in legal sub‐fields regularly needed by  the jurisdiction. Most cities, including Palo Alto, favor in‐house counsel for regular ongoing legal  work, due both to cost considerations and responsive quality service.  Outside counsel are usually the best choice for litigation matters, which require familiarity with  court rules and practices, and ability to rapidly staff up and down in response to litigation  ATTACHMENT A 20 170517 th 0140181 developments. Most cities, including Palo Alto, assign most or all litigation to outside counsel. In  addition, despite higher hourly rates, outside counsel often provide high‐quality and cost‐ effective service for discrete transactional and advice projects requiring knowledge or  experience in sub‐fields outside of customary in‐house practice areas.     FY 2017‐2018 Palo Alto City Attorney Budget, by Functional Area    Consultation and Advisory. The majority of the City’s transactional and advice work is handled  by in‐house staff. This includes the following types of weekly tasks:    drafting and negotiating most professional services and construction contracts   drafting ordinances, resolutions and policies implementing city council and  departmental initiatives   legal guidance and documentation preparation in the land use and development arenas   legal review of all Council materials, and various reports and correspondence   intergovernmental agreements   legal compliance regarding fee and rate‐setting    legal risk management and mitigation    training and regulatory compliance    labor and employment counseling   audit support   governmental ethics, public records and public meeting laws    Projects in certain specialized areas are either assigned to outside counsel or, where in‐house  counsel are primarily responsible, outside counsel are consulted on an as‐needed basis (in  recent years, this work has constituted 15‐20% of outside counsel expenditures):    bond financing   real property acquisition   federal airport regulatory law   tax compliance advice   affordable housing regulation   federal telecommunications regulation   complex infrastructure procurement     Litigation/Claims/Dispute Resolution. Almost all litigation matters are assigned to outside  counsel. This includes suits filed in federal and state courts, as well as disputes adjudicated in  administrative agencies. 80‐85% of outside counsel expenditures are in this area.     In‐house staff attorneys supervise outside counsel, set strategy for all litigation, approve  settlements, oversee claims investigation, and prosecute code enforcement and municipal code  violations.     21 City of Palo Alto Full Time Position Vacancies  (as of May 2017) GENERAL  FUND  ENTERPRISE  FUNDS   OTHER  FUNDS  GRAND  TOTAL  Administrative Services Account Specialist 1.00              ‐               ‐                1.00              Account Specialist‐Lead 1.00             ‐               ‐                1.00              Administrative Associate III 1.00              ‐               ‐                1.00              Assistant Director Administrative Services 0.75             0.25             ‐                1.00              Manager Accounting 1.00              ‐               ‐                1.00              Senior Business Analyst ‐               ‐               1.00              1.00              Senior Management Analyst 1.60              ‐               ‐                1.60              Storekeeper 0.20             0.80              ‐                1.00              City Auditor's Office Performance Auditor I 1.00             ‐               ‐                1.00              City Attorney's Office Senior Assistant City Attorney 1.00             ‐               ‐                1.00              Senior Legal Secretary 1.00             ‐               ‐                1.00              City Manager's Office Assistant to the City Manager 2.00             ‐               ‐                2.00              Deputy City Manager 2.00             ‐               ‐                2.00              Community Services Coordinator Recreation Programs 1.00             ‐               ‐                1.00              Producer Arts/Science Programs 1.75             ‐               ‐                1.75              Development Services Administrative Associate II 1.00             ‐               ‐                1.00              Building/Planning Technician 0.90             ‐               ‐                0.90              Senior Management Analyst 1.00              ‐               ‐                1.00              Fire Fire Apparatus Operator 7.00              ‐               ‐                7.00              Fire Captain 2.00              ‐               ‐                2.00              Fire Fighter 5.00              ‐               ‐                5.00              Human Resources Administrative Assistant 1.00             ‐               ‐                1.00              Human Resources Technician 1.00             ‐               ‐                1.00              Senior Human Resources Administrator 1.00              ‐               ‐                1.00              Information Technology Manager Information Technology ‐               ‐               1.00              1.00              Senior Technologist ‐               ‐               1.00              1.00              Library Coordinator Library Programs 1.00             ‐               ‐                1.00              Librarian 2.00             ‐               ‐                2.00              Manager Library Services 1.00             ‐               ‐                1.00              Planning & Community Environment Administrative Associate III 1.00             ‐               ‐                1.00              Building/Planning Technician 0.10             ‐               ‐                0.10              Manager Planning 1.00             ‐               ‐                1.00              Planner 1.00             ‐               ‐                1.00              DEPARTMENT/JOB TITLE ATTACHMENT B:  Citywide Vacancies by Department by Funding Source ATTACHMENT B 22 City of Palo Alto Full Time Position Vacancies  (as of May 2017) GENERAL  FUND  ENTERPRISE  FUNDS   OTHER  FUNDS  GRAND  TOTAL DEPARTMENT/JOB TITLE Police Business Analyst 1.00             ‐               ‐                1.00              Community Service Officer 1.00             ‐               ‐                1.00              Police Chief 1.00              ‐               ‐                1.00              Police Officer 6.00              ‐               ‐                6.00              Public Safety Communications Manager 1.00             ‐               ‐                1.00              Public Safety Dispatcher 2.00              ‐               ‐                2.00              Superintendent Animal Services 1.00             ‐               ‐                1.00              Veterinarian Technician 1.00             ‐               ‐                1.00              Public Works Administrative Associate III 0.01             0.10             0.89              1.00              Engineer 0.10             0.90              1.00              Fleet Services Coordinator ‐               ‐               1.00              1.00              Motor Equipment Mechanic II ‐               ‐               1.00              1.00              Program Assistant I ‐               1.00             ‐                1.00              Senior Industrial Waste Investigator 0.01             0.99             ‐                1.00              Utilities Administrative Associate II ‐               1.00             ‐                1.00              Assistant Director Utilities Engineering ‐               1.00              ‐                1.00              Business Analyst ‐               3.00              ‐                3.00              Customer Service Representative ‐               1.00             ‐                1.00              Electrician Assistant I ‐               1.00             ‐                1.00              Engineering Manager ‐ WGW ‐               1.00              ‐                1.00              Engineering Technician III ‐               3.00              ‐                3.00              Heavy Equipment Operator ‐               1.00              ‐                1.00              Lineperson/Cable Specialist ‐               3.00             ‐                3.00              Metering Technician‐Lead ‐               1.00             ‐                1.00              Power Engineer ‐               2.00             ‐                2.00              Program Assistant I ‐               1.00             ‐                1.00              Senior Resource Planner ‐               1.75             ‐                1.75              Substation Electrician ‐               1.00             ‐                1.00              Utilities Compliance Technician ‐               1.00             ‐                1.00              Utilities Engineer Estimator ‐               1.00             ‐                1.00              Utilities Field Services Representative ‐               1.00             ‐                1.00              Utilities Install Repair‐Welding Certified ‐               2.00             ‐                2.00              Utilities Locator ‐               2.00             ‐                2.00              Utilities Supervisor ‐               3.00             ‐                3.00              Utilities System Operator ‐               2.00             ‐                2.00              Water System Operator I ‐               1.00             ‐                1.00              Grand Total 57.42 37.89 6.79              102.10         ATTACHMENT B:  Citywide Vacancies by Department by Funding Source 23 City of Palo Alto Classification Specification Title: MANAGER, ECONOMIC DEVELOPMENT FLSA: EXEMPT Revision Date: 03/22/10 Reports To: Deputy City Manager Special Projects Supervises: Yes Purpose of Classification The Manager, Economic Development provides overall direction of the City’s Economic Resources Planning (ERP) program. Under general direction of the Deputy City Manager, plans, organizes and directs the implementation activities of the ERP Program. The ERP Manager is responsible for formulating policy recommendations, developing goals and objectives, preparing and monitoring budgets, supervising staff and directing day-to-day operations. Distinguishing Characteristics The incumbent plans and assesses operational goals and objectives related to the ERP program functions. This position is distinguished from Division Head positions in that the duties relate to programs rather than a division of a department. Essential Duties and Responsibilities - Essential and other important responsibilities and duties may include, but are not limited to, the following: Exercises independence in conformance of policies, principles, and procedures pertaining to the City’s Economic Resources Planning program and general direction of the Deputy City Manager for Citywide economic initiatives and programs. Provides leadership and general direction for the Economic Resources Planning program. Makes presentations to the City Council as requested. Represents the Department and makes oral presentations at community meetings, inter-agency meetings, conferences, and other events. Reviews, prepares and presents reports on Economic Resources Planning programs and activities. Coordinates efforts with other City departments to develop solutions to economic problems facing the City, including project planning and scheduling. Coordinates with other agencies and organizations on regional economic development activities. Recommends, implements, and monitors an annual program budget to achieve program objectives. Manages, administers, and monitors consultant contracts pertaining to program implementation; evaluates services performed and costs for services performed by external consultants, vendors, and contractors. Keeps the Deputy City Manager informed of program's performance and issues vital to the City and ERP. Advises the Deputy City Manager on economic development activities, including business assistance, employment generation and retention, commercial project development and neighborhood commercial revitalization. May supervise administrative or intern positions. Actively involved in review of existing City procedures impacting the business community. Coordinates project activities with other City departments to provide policy support on economic development, and business attraction, retention and expansion issues. Acts as City liaison with representatives of professional and employer groups, the financial community, community organizations and individuals, on issues concerning economic development and conveys suggestions and recommendations to the Deputy City Manager. Provides public information on the importance of business to the maintenance of the community and City services. Assesses economic and fiscal impact of business projects to the City and of City projects on the business community. ATTACHMENT C Attachment C: Economic Development Manager Classification Specification 24 MANAGER, ECONOMIC DEVELOPMENT EXEMPT 03/22/10 Responsible for trouble shooting and problem solving of specific issues related to business retention and new business recruitment. Expedites business projects through City discretionary review and permitting processes. Re-writes stress coordination with community business, real estate organizations, business associations, improvement districts and others. Conducts an on-going process of evaluation and review of program goals, objectives, strategies and plans to ensure the long-term ability of the program to accommodate appropriate responses to new or changing issues and opportunities. Manages and coordinates dissemination of information and provides business assistance and targeted outreach to businesses in order to enhance the City’s business vitality, positively impact the quality of life, and sustain and increase City revenues. Performs related duties and responsibilities as required. Minimum Qualifications Sufficient education, training and/or work experience to demonstrate possession of the following knowledge and skills, which would typically be acquired through: Bachelor's degree in Planning, Economics or a related field and preferably an advanced degree in Public or Business Administration, and least three to five years of extensive, progressively responsible administrative and supervisory experience in positions providing exposures to economic development and planning activities. Licensing Requirements: None Knowledge, Skills and Abilities Qualification to enter this position requires knowledge of the following: Knowledge of principles, practices, trends and issues in the areas of economic development and public administration; Techniques of management and problem solving methods; Programs and resources for economic development, public/private sector approaches and techniques to stimulate and promote economic development activity; Ability to interact effectively with the public, representatives of business, industry, other governmental agencies and diverse community groups as well as staff, public officials and advisory boards; Ability to communicate effectively orally and in writing; Demonstrated ability to handle complex human and political problems; Ability to make sound decisions in a manner consistent with the essential job functions; Clear/thorough understanding of what business needs to be successful in the community and how City government can help meet those needs; Knowledge of applicable Federal, State and local laws, rules and regulations; Supervisory principles and practices; Familiarity with computer programs dealing with economic development data. Qualification to enter this position requires skill in: Skill in analyzing problems and proposing solutions; eliciting the cooperation of others; interpersonal communication and relations. Management skills, including ability to organize, prioritize, and evaluate work, as well as the ability to supervise and direct staff. Communication and interpersonal relations as applied to interaction with coworkers, supervisor, the general public, and others. Attachment C: Economic Development Manager Classification Specification 25 MANAGER, ECONOMIC DEVELOPMENT EXEMPT 03/22/10 Working Conditions / Physical Requirements Work in an office environment; sustained posture in a seated position for prolonged periods of time. Positions in this class typically require: reaching, standing, walking, lifting, fingering, grasping, talking, hearing, seeing and repetitive motions. Light Work: Exerting up to 20 pounds of force occasionally, and/or up to 10 pounds of force frequently, and/or negligible amount of force constantly to move objects. If the use of arm and/or leg controls requires exertion of forces greater than that for Sedentary Work and the worker sits most of the time, the job is rated for Light Work. JD063 The City of Palo Alto is an Equal Opportunity Employer. In compliance with the Americans with Disabilities Act, the City will provide reasonable accommodation to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer. Attachment C: Economic Development Manager Classification Specification 26 POLICY AND SERVICES COMMITTEE MARCH 28, 2017 DISCUSSION OF THE FRAUD,  WASTE, AND ABUSE HOTLINE Office of the City Auditor Harriet Richardson, City Auditor  BACKGROUND •Council adopted current hotline administration policy in May 2013, after a 10‐month pilot period •Third‐party vendor administers the hotline; available to employees only, 24/7/365 •Callers can remain anonymous or provide their name •Hotline Review Committee triages all calls; makes decision about whether to investigate •34 calls received since hotline’s inception 2 ATTACHMENT D 27 3/28/2017 PRIMARY REASONS FOR PROPOSED CHANGES •Lack of clarity among employees regarding purpose of hotline ◦Most calls do not relate to fraud, waste, or abuse ◦Several calls were various versions of two separate issues; 11 for one issue; 2 for another •14 calls investigated; only 2 substantiated •Previously allowed investigating department access to case management system; narrative not clear if sufficient investigative work done to close case 3 PRACTICES OF OTHER  JURISDICTIONS •Provide hotline information at new employee orientations •Hang information posters at key points in facilities; update at least annually •Create and distribute brochures/wallet cards •Provide information on employee pay stubs 2x/year •Conduct mandatory annual training/presentations •Provide information in all‐employee e‐mails 4 ATTACHMENT D: City Auditor's Fraus Waste, and Abuse Hotline Presentation 28 3/28/2017 ATTACHMENT D: City Auditor's Fraus Waste, and Abuse Hotline Presentation PRACTICES OF OTHER  JURISDICTIONS •Dedicated internet/intranet pages ◦“Frequently Asked Questions” section with clear definitions ◦Tips for filing a complaint ◦Reports on number of cases received, investigated, outcomes ◦Descriptions of substantiated cases •Articles in employee newsletters •If external reporting is allowed –notices on utility bills, booths at community events, and T.V. advertisements 5 PROPOSED CHANGES •Clarifies: ◦Employees should report fraud, waste, or abuse that directly relates to City activities (e.g., employee or contractor) ◦The hotline is not only for anonymous reporting ◦Language regarding the investigative process; including use of external investigator as needed ◦Reports to Council are done through Auditor’s Office quarterly reports, not as an information report 6 29 3/28/2017 PROPOSED CHANGES •Updates list of Hotline Review Committee alternate members •Limits access to case management system •Added language: ◦Office of the City Auditor and Human Resources should coordinate regarding cases appropriate for hotline vs. Human Resources review ◦Corrective action may be taken when a case is substantiated ◦Advertising the hotline 7 OPPORTUNITIES TO IMPROVE THE HOTLINE •Coordinate with Human Resources regarding employee advice line: ◦Advice line currently in beta testing ◦Advertising materials and training/presentations can distinguish between hotline‐appropriate cases and personnel matters/ management decision ◦Hotline Review Committee can refer callers to advice line when appropriate 8 ATTACHMENT D: City Auditor's Fraus Waste, and Abuse Hotline Presentation 30 3/28/2017 CONCLUSIONS •Education is key to successful hotlines •Hotlines may not generate a lot of calls, but the ones they receive should be appropriate for the hotline’s purpose •Hotlines should be viewed as “insurance” in the line of defense against fraud, waste, and abuse 9 FINAL SLIDE 10 Council Direction: Provide direction to the City Auditor  regarding methods for advertising the hotline Motion: Recommend that the City Council accept the  proposed changes to the City Employee Fraud, Waste, and  Abuse Hotline Administration Policy ATTACHMENT D: City Auditor's Fraus Waste, and Abuse Hotline Presentation 31 Contingent Accounts FY 2015  Budget FY 2015  Actuals FY 2016  Budget FY 2016  Actuals FY 2017  Adopted FY 2018  Proposed City Manager* 250,000        43,540          250,000         161,125        250,000        250,000         City Council 250,000        250,000         105,000        250,000        225,000         City Attorney 250,000        205,000        100,000         100,000        100,000        100,000         Human Resources 50,000          50,000           50,000          50,000          50,000           HSRAP ‐ Emerging Needs ‐                 ‐                 ‐                 ‐                 50,000          50,000           Innovations & Special Events 50,000          33,633          50,000           43,041          50,000          50,000           Sub‐Total Contingent Accounts:850,000$      282,173$      700,000$       459,166$      750,000$      725,000$       Reserve Accounts FY 2015  Budget FY 2015  Actuals FY 2016  Budget FY 2016  Actuals FY 2017  Adopted FY 2018  Proposed Shuttle Service Reserve 1,000,000     Cubberley Covenant Not to Develop Reserve 1,917,356     TMA Reserve 150,000        150,000        ‐                 ‐                 ‐                 ‐                  Planning and Transportation Reserve ‐                 ‐                 500,000         500,000        500,000        ‐                  Sustainability Reserve ‐                 ‐                 ‐                 ‐                 250,000        ‐                  Budget Uncertainty Reserve ‐                 ‐                 ‐                 ‐                 2,000,000    ‐                  FY 2018 Operations Reserve ‐                 ‐                 ‐                 ‐                 ‐                 500,000         Salary Reserve 2,737,960    ‐                 1,647,599     1,520,392    400,000         Sub‐Total Reserves: 5,805,316$   150,000$      2,147,599$    2,020,392$   2,750,000$   900,000$       *As part of the FY 2015 Mid‐Year Budget report, $112,356 was used from the BSR to offset previously incurred expenses from the City Manager's Contingency, including $25,000 for the "Know Your Neighbors" program, and $87,356 for Ada's Café. If these costs had not been offset, the total use of the  contingency would have been $155,896. Non‐Departmental Contingent Accounts and Reserves ATTACHMENT E 32 Department FY 2015  Actuals FY 2016  Actuals FY 2017  Adopted FY 2018  Proposed FY 2018  Change $ FY 2018  Change  Administrative Services 7,133         7,497        7,798        8,033         235             3.0% City Attorney 2,586         2,796        3,179        3,356         177             5.6% City Auditor 1,100         1,112        1,221        1,301         80               6.6% City Clerk 1,079         1,001        1,370        1,374         4 0.3% City Council 361             430            501            500             (1)                 ‐0.2% City Manager 2,365         3,097        2,882        3,158         276             9.6% Community Services 23,042       24,272      25,390      27,454      2,064          8.1% Development Services 9,893         10,665      12,169      12,540      371             3.0% Fire 26,191       27,553      28,947      31,774      2,827          9.8% Human Resources 3,263         3,559        3,357        3,757         400             11.9% Library 7,980         7,960        8,992        9,446         454             5.0% Non‐Departmental 13,722       6,235        10,139      8,435         (1,704)          ‐16.8% Office of Emergency Services 1,169         1,044        971            1,039         68               7.0% Office of Sustainability 496             495            499            524             25               5.0% Planning and Community Environment 7,434         8,880        8,768        8,452         (316)             ‐3.6% Police 34,559       35,666      38,137      42,333      4,196          11.0% Public Works 13,274       14,326      16,224      17,013      789             4.9% Sub‐total Departments: 155,647$  156,588$  170,544$  180,489$  9,945$        5.8% Transfer to Infrastructure 21,610       29,366      18,486      24,677      6,191          33.5% Operating Transfers‐Out 2,606         5,095        5,136        4,885         (251)            ‐4.9% Grand Total: 179,863$  191,049$  194,166$  210,051$  15,885$     8.2% General Fund Expenses By Department (Revised as of May 18, 2017) ATTACHMENT F 33 # Description may be abbreviated; for complete language, see "Goals, Policies, & Programs."Ch a n g e s t o Po l i c i e s o r Pr o c e d u r e s De p a r t m e n t a l Co l l a b o r a t i o n Ch a n g e s t o Mu n i C o d e St a k e h o l d e r Pa r t i c i p a t i o n St a f f Ed u a t i o n Co m m u n i t y Ou t r e a c h / Mo n i t o r i n g Cr i t e r i a Ye a r 1 Ye a r 2 Ye a r 3 Ye a r 4 Ye a r 5 Ye a r 6 Ye a r 7 Ye a r 8 Ye a r 9 Ye a r 1 0 Source / Notes Program Orgazational & Logistical Needs Fiscal Needs & Benefits Pe r s o n n e l ($ 1 , 5 8 0 ) General Fund: Estimated portion of one-time cost for temporary personnel to underfill for regular staff completing Master Plan programs. 39 Ot h e r Pe r s o n n e l ($ 1 5 , 8 0 0 ) General Fund: Estimated portion of one-time cost for temporary personnel to underfill for regular staff completing Master Plan programs. 40 Ot h e r Pe r s o n n e l ($ 7 9 0 ) General Fund: Estimated portion of one-time cost for temporary personnel to underfill for regular staff completing Master Plan programs. 41 Ot h e r Ye a r 3 Year 3 programs 39 and 40 focus on public participation in urban forest policy. 2. A . i i i . ye s Al l Ne e d s Be n e f i t s ye s ye s an a l y s i s , ne x t s t e p s ye s an a l y s i s , ne x t s t e p s …establish a recurring forum that provides the community an opportunity to communicate with staff and members of the decision making bodies about tree concerns and ideas. es t a b l i s h e d o v e r s i g h t g r o u p ye s an a l y s i s , n e x t s t e p s ye s 3. A . i i i . re p o r t i n g ye s ye s Ne e d s 4. H . i v . st a n d a r d c o n d i t i o n s , AR B , I R , b u i l d i n g p e r m i t s Consider development requirements such as no net loss of canopy or minimum tree plantings (related to Policy 1.G and related programs.) Work with the Sustainability Plan team to evaluate the establishment of an oversight group (elected or appointed by the City Council), to investigate and comment on the impact of projects on the urban forest and overall ecosystem. PW D , P & C E , D S , U t i l i t i e s , C S O ma y b e ye s Ne e d s Be n e f i t s Be n e f i t s ye s Al l Year 3 programs 41 through 48 focus on design standards relative to canopy density and composition. City of Palo Alto Urban Forest Master Plan Implementation Plan ATTACHMENT G 34 # Description may be abbreviated; for complete language, see "Goals, Policies, & Programs."Ch a n g e s t o Po l i c i e s o r Pr o c e d u r e s De p a r t m e n t a l Co l l a b o r a t i o n Ch a n g e s t o Mu n i C o d e St a k e h o l d e r Pa r t i c i p a t i o n St a f f Ed u a t i o n Co m m u n i t y Ou t r e a c h / Mo n i t o r i n g Cr i t e r i a Ye a r 1 Ye a r 2 Ye a r 3 Ye a r 4 Ye a r 5 Ye a r 6 Ye a r 7 Ye a r 8 Ye a r 9 Ye a r 1 0 Source / Notes Program Orgazational & Logistical Needs Fiscal Needs & Benefits Pe r s o n n e l ($ 3 , 1 6 0 ) Development Services 42 Ot h e r ($ 5 0 , 0 0 0 ) Development Services Pe r s o n n e l ($ 1 , 5 8 0 ) General Fund: Estimated portion of one-time cost for temporary personnel to underfill for regular staff completing Master Plan programs. 43 Ot h e r Pe r s o n n e l ($ 1 , 5 8 0 ) General Fund: Estimated portion of one-time cost for temporary personnel to underfill for regular staff completing Master Plan programs. 44 Ot h e r Ye a r 3 ye s ye s Ne e d s Be n e f i t s Ne e d s Be n e f i t s 1. G . i . Develop canopy thresholds— possibly based on zoning and land use goals of the Comprehensive Plan… ye s ye s an a l y s i s , n e x t s t e p s ye s an a l y s i s , ne x t s t e p s PW D , P & C E , D S ye s 1. G . i i . Explore the possibility of mandates for certain projects to meet minimum canopy thresholds and possible incentives such as increased density. ye s ye s Ne e d s Be n e f i t s st a n d a r d c o n d i t i o n s , A R B , I R , bu i l d i n g p e r m i t s PW D , P & C E , D S Establish a baseline for existing ratios of native species...and formalize goals for increasing those ratios… Pl a n t i n g s p e c i e s s e l e c t i o n f o r st r e e t s a n d p a r k s st a n d a r d c o n d i t i o n s , A R B , I R , Bl d g . p e r m i t s ye s 1. C . v . RT R P , b l o c k s i t e l i s t , ma n a g e m e n t p l a n s ye s ye s an a l y s i s , n e x t s t e p s City of Palo Alto Urban Forest Master Plan Implementation Plan ATTACHMENT G 35 # Description may be abbreviated; for complete language, see "Goals, Policies, & Programs."Ch a n g e s t o Po l i c i e s o r Pr o c e d u r e s De p a r t m e n t a l Co l l a b o r a t i o n Ch a n g e s t o Mu n i C o d e St a k e h o l d e r Pa r t i c i p a t i o n St a f f Ed u a t i o n Co m m u n i t y Ou t r e a c h / Mo n i t o r i n g Cr i t e r i a Ye a r 1 Ye a r 2 Ye a r 3 Ye a r 4 Ye a r 5 Ye a r 6 Ye a r 7 Ye a r 8 Ye a r 9 Ye a r 1 0 Source / Notes Program Orgazational & Logistical Needs Fiscal Needs & Benefits Pe r s o n n e l 45 Ot h e r Pe r s o n n e l ($ 3 , 1 6 0 ) Grants, Revenue 46 Ot h e r $2 0 , 0 0 0 Cap and trade (one time--likely year 2) Pe r s o n n e l ($ 7 9 0 ) General Fund: Estimated portion of one-time cost for temporary personnel to underfill for regular staff completing Master Plan programs. 47 Ot h e r Ye a r 3 an a l y s i s , n e x t s t e p s Ne e d s Be n e f i t s ye s im p l e m e n t a t i o n ye s y e s ye s Ne e d s Be n e f i t s ye s ye s ye s Be n e f i t s Ne e d s 4. I . v i . Coordinate between departments and with partners re: • Appropriate mixes of trees, shrubs, and grasses • Natural cycles of disturbance such as fire • Response to use and impacts. • Appreciation by the community.Co m m u n i c a t i o n p r o c e d u r e s , B o a r d s & C o m m i s s i o n s Al l an a l y s i s , n e x t s t e p s 2. A . i i . re v e n u e , g r a n t s , c o n t r a c t s PW D , U t i l i t i e s , C S O ma y b e ye s 4. E . i . Consider incentives to plant additional trees, either through additional points via LEED certification , Build It Green (BIG) Green Points, or similar certification systems such as those defined by the Sustainable Sites Initiative.Tr e e T e c h n i c a l M a n u a l , st a n d a r d c o m m e n t s PW D , P & C E , D S , U t i l i t i e s Work with the Sustainability Plan team to evaluate future participation in carbon credit programs. ye s ye s City of Palo Alto Urban Forest Master Plan Implementation Plan ATTACHMENT G 36 # Description may be abbreviated; for complete language, see "Goals, Policies, & Programs."Ch a n g e s t o Po l i c i e s o r Pr o c e d u r e s De p a r t m e n t a l Co l l a b o r a t i o n Ch a n g e s t o Mu n i C o d e St a k e h o l d e r Pa r t i c i p a t i o n St a f f Ed u a t i o n Co m m u n i t y Ou t r e a c h / Mo n i t o r i n g Cr i t e r i a Ye a r 1 Ye a r 2 Ye a r 3 Ye a r 4 Ye a r 5 Ye a r 6 Ye a r 7 Ye a r 8 Ye a r 9 Ye a r 1 0 Source / Notes Program Orgazational & Logistical Needs Fiscal Needs & Benefits Pe r s o n n e l ($ 3 , 1 6 0 ) Development Services 48 Ot h e r $6 5 , 0 0 0 $6 5 , 0 0 0 $6 5 , 0 0 0 $6 5 , 0 0 0 $6 5 , 0 0 0 $6 5 , 0 0 0 $6 5 , 0 0 0 $6 5 , 0 0 0 Fee/Permit (no change in development activity- likely begin year 5) Pe r s o n n e l ($ 3 , 1 6 0 ) Development Services 49 Ot h e r ($ 4 5 , 2 2 5 ) Development Services Pe r s o n n e l ($ 1 , 5 8 0 ) Utilities, grants 50 Ot h e r ($ 2 0 , 0 0 0 ) Utilities, grants $1 0 , 0 0 0 Grant (One time--likely in year 3) Ye a r 3 st a n d a r d c o n d i t i o n s , A R B , I R , Bl d g . p e r m i t s PW D , P & C E , D S , U t i l i t i e s ye s ye s 2. A . i v . Work with the Utilities Department to publish tools and priorities for citing of solar collection devices. Be n e f i t s ye s an a l y s i s , ne x t s t e p s Ne e d s Be n e f i t s 1. E . i i i . Evaluate effectiveness of requirement for 50% shading for parking lots (public and private). Identify reasons for success and failure. Give special consideration to the impact of substituting solar panels for trees to meet this requirement. st a n d a r d c o n d i t i o n s , A R B , I R , bu i l d i n g p e r m i t s PW D , P & C E , D S ye s an a l y s i s , n e x t s t e p s Ne e d s ye s ye s ye s ye s ye s an a l y s i s , n e x t s t e p s Ne e d s Be n e f i t s 1. E . i v . Consider requiring new commercial, multi-family, and single-family housing projects to provide street trees and related irrigation systems. Note: The requirement for public art may be a useful model. st a n d a r d c o n d i t i o n s , A R B , I R , bu i l d i n g p e r m i t s PW D , P & C E , D S ye s ye s Year 3 programs 49 through 51 focus on design standards relative to solar program concerns. City of Palo Alto Urban Forest Master Plan Implementation Plan ATTACHMENT G 37 # Description may be abbreviated; for complete language, see "Goals, Policies, & Programs."Ch a n g e s t o Po l i c i e s o r Pr o c e d u r e s De p a r t m e n t a l Co l l a b o r a t i o n Ch a n g e s t o Mu n i C o d e St a k e h o l d e r Pa r t i c i p a t i o n St a f f Ed u a t i o n Co m m u n i t y Ou t r e a c h / Mo n i t o r i n g Cr i t e r i a Ye a r 1 Ye a r 2 Ye a r 3 Ye a r 4 Ye a r 5 Ye a r 6 Ye a r 7 Ye a r 8 Ye a r 9 Ye a r 1 0 Source / Notes Program Orgazational & Logistical Needs Fiscal Needs & Benefits Pe r s o n n e l ($ 7 , 9 0 0 ) Utilities 51 Ot h e r ($ 2 0 , 0 0 0 ) Utilities Pe r s o n n e l ($ 7 9 0 ) General Fund: Estimated portion of one-time cost for temporary personnel to underfill for regular staff completing Master Plan programs. 52 Ot h e r ($ 1 0 , 0 0 0 ) General Fund/ Development Services Pe r s o n n e l ($ 1 9 , 7 5 0 ) General Fund: Estimated portion of one-time cost for temporary personnel to underfill for regular staff completing Master Plan programs. 53 Ot h e r ($ 1 0 , 0 0 0 ) CSD Ye a r 3 Ne e d s Be n e f i t s PW D , C S D ye s ye s ye s ye s an a l y s i s , ne x t s t e p s Ne e d s Be n e f i t s im p l e m e n t a t i o n ye s ye s ye s ye s 4. K . i v . 3. A . i x . Be n e f i t s 2. A . v . Work with the Sustainability Team and/or the Utilities Department and Canopy to create a guidance document—how to successfully incorporate solar collection and trees into site design—for those considering solar.st a n d a r d c o n d i t i o n s , A R B , I R , Bl d g . p e r m i t s ...develop programs to familiarize residents with Palo Alto’s Urban Forest birds and butterflies practices. PW D , U t i l i t i e s P & C E , D S ma y b e ye s Educate the development community about minimizing project effects on local wildlife. Tr e e T e c h n i c a l M a n u a l , st a n d a r d c o m m e n t s , & d r a w i n g s PW D , P & C E , D S , U t i l i t i e s , C S O Year 3 programs 52 through 57 focus on design standards relative to wildlife concerns. im p l e m e n t a t i o n Ne e d s City of Palo Alto Urban Forest Master Plan Implementation Plan ATTACHMENT G 38 # Description may be abbreviated; for complete language, see "Goals, Policies, & Programs."Ch a n g e s t o Po l i c i e s o r Pr o c e d u r e s De p a r t m e n t a l Co l l a b o r a t i o n Ch a n g e s t o Mu n i C o d e St a k e h o l d e r Pa r t i c i p a t i o n St a f f Ed u a t i o n Co m m u n i t y Ou t r e a c h / Mo n i t o r i n g Cr i t e r i a Ye a r 1 Ye a r 2 Ye a r 3 Ye a r 4 Ye a r 5 Ye a r 6 Ye a r 7 Ye a r 8 Ye a r 9 Ye a r 1 0 Source / Notes Program Orgazational & Logistical Needs Fiscal Needs & Benefits Pe r s o n n e l ($ 3 , 1 6 0 ) General Fund: Estimated portion of one-time cost for temporary personnel to underfill for regular staff completing Master Plan programs. 54 Ot h e r Pe r s o n n e l ($ 7 , 9 0 0 ) General Fund: Estimated portion of one-time cost for temporary personnel to underfill for regular staff completing Master Plan programs. 55 Ot h e r ($ 5 , 0 0 0 ) General Fund Pe r s o n n e l ($ 1 , 5 8 0 ) General Fund: Estimated portion of one-time cost for temporary personnel to underfill for regular staff completing Master Plan programs. 56 Ot h e r Ye a r 3 Be n e f i t s PW D , C S D ye s ye s ye s Ne e d s Be n e f i t s Ne e d s Tr e e T e c h n i c a l M a n u a l PW D , C S D ...educate citizens about correct pruning at the best time to protect bird habitat and nesting. Tr e e T e c h n i c a l M a n u a l im p l e m e n t a t i o n Ne e d s Be n e f i t s PW D , C S D ye s im p l e m e n t a t i o n ye s ye s ye s ye s ye s im p l e m e n t a t i o n 4. A . i i i . Provide education to staff and ensure that tree maintenance practices continue to consider bird nesting seasons. 3. A . v i i i . Partner with Santa Clara Valley Audubon Society for the Palo Alto Christmas Bird Count, Spring Bird Count, and the Backyard Bird Count. 3. A . x . City of Palo Alto Urban Forest Master Plan Implementation Plan ATTACHMENT G 39 # Description may be abbreviated; for complete language, see "Goals, Policies, & Programs."Ch a n g e s t o Po l i c i e s o r Pr o c e d u r e s De p a r t m e n t a l Co l l a b o r a t i o n Ch a n g e s t o Mu n i C o d e St a k e h o l d e r Pa r t i c i p a t i o n St a f f Ed u a t i o n Co m m u n i t y Ou t r e a c h / Mo n i t o r i n g Cr i t e r i a Ye a r 1 Ye a r 2 Ye a r 3 Ye a r 4 Ye a r 5 Ye a r 6 Ye a r 7 Ye a r 8 Ye a r 9 Ye a r 1 0 Source / Notes Program Orgazational & Logistical Needs Fiscal Needs & Benefits Pe r s o n n e l ($ 7 , 9 0 0 ) General Fund Utilities 57 Ot h e r Ye a r 3 ($160,225) ($85,320) $95,000 $406,681 $256,136 Personnel i.e., temporary personnel underfilling for regular staff who are working on Year 3 programs. Costs such as materials and contracts fort Year 3 programs. Benefits of Year 3 programs. Benefits from programs implemented in Years 1- 2 that recur in Year 3. Year 3 net PW D , U t i l i t i e s ye s ye s Y e a r 3 S u m m a r y 4. H . i i i . Evaluate adequacy of contract cycle pruning policy and ensure that pruning continues to consider bird nesting... Tr e e r e m o v a l p o l i c y ye s an a l y s i s , n e x t s t e p s Ne e d s Be n e f i t s City of Palo Alto Urban Forest Master Plan Implementation Plan ATTACHMENT G 40 Department Unit Year Mileage Model Replc Est. Cost FY 2018 Vehicle Replacenet Schedule by Fund ASD 1243 2005 Electric Forklift 50,000 CSD 2110 1999 27688 Ford Van 45,000 CSD 2350 1999 73000 Ford F-150 32,000 CSD 2740 2004 6420 Tractor/Mower 135,000 CSD 2765 2000 72,120 F-350 Wildland 135,000 CSD 2767 2003 74,034 F-350 Wildland 135,000 CSD 2791 1999 1793HR John Deere tractor 112,000 CSD 5002 2006 125,904 Honda Accord Sedan 35,000 PWD 3520 2001 53,576 Ford F-550 w/ chipper body 83,000 POLICE 5141 2011 87,713 Crown Vic Patrol Car 60,000 POLICE 5144 2011 90,851 Crown Vic Patrol Car 60,000 POLICE 5248 2010 80,440 Crown Vic Patrol Car 60,000 POLICE 5251 2010 94,255 Crown Vic Patrol Car 60,000 POLICE 5252 2010 45,094 Crown Vic Patrol Car 60,000 POLICE 5254 2010 123,580 Crown Vic Patrol Car 60,000 POLICE 5255 2009 86,252 Crown Vic Patrol Car 60,000 POLICE 5258 2009 100,547 Crown Vic Patrol Car 60,000 POLICE 5402 2006 104,004 Toyota Sienna van 45,000 POLICE 5453 2006 81,233 Ford Explorer 60,000 POLICE 5464 2005 94,700 Toyota Sienna van 45,000 FIRE 6034 2003 47,682 Ford Ranger command 50,000 FIRE 6178 2008 5,724 Ford F-550 Wildland Unit 210,000 FIRE 6215 2001 52,200 Chevy Suburban command 125,000 Total-General Fund 1,777,000 REFUSE 4381 2003 71,646 Ford Ranger PU 38,000 Total-Refuse Fund 38,000 STORM DRAIN 4701 1998 GMC Jimmy SUV 32,000 Total-Storm Drain Fund 32,000 UTIL-ELECT 7403 2002 88,702 Freightliner 210,000 UTIL-ELECT 7590 2001 82,949 Step Van 90,000 Total - Electric Fund 300,000 UTIL-GAS 8277 2008 4404HR Cat Backhoe 155,000 UTIL-GAS 8280 1997 67,000 Ford Truck - HD 186,000 UTIL-GAS 8348 2008 4439HR Cat Backhoe 155,000 Total - Gas Fund 496,000 UTIL-WATER 7174 2003 82,697 Ford F-250 70,000 UTIL-WATER 7176 2005 99,266 Ford F-350 4x4 120,000 UTIL-WATER 7284 2008 4063HR Cat Backhoe 155,000 UTIL-WATER 7361 2002 74,442 Astro Van 45,000 UTIL-WATER 7362 2002 84,020 Astro Van 45,000 Total-Water Fund 435,000 UTIL-SEWER 8738 2008 3925HR Cat Backhoe 155,000 Total-Wastewater Fund 155,000 GRAND TOTAL 3,233,000 ATTACHMENT H 41 May 12, 2017 Honorable City Council C/O City of Palo Alto 250 Hamilton Avenue Palo Alto, CA 94301 RE: Review of 2018-2022 Proposed Capital Improvement Program (CIP) The Planning and Transportation Commission (PTC) reviewed the 2018-2022 Capital Improvement Plan (CIP) on Wednesday, May 10, 2017 and determined that all of the new Capital Improvement Projects included in the 2018-2022 Capital Budget are consistent with the adopted 1998-2010 Comprehensive Plan and recommended forwarding this finding to the City Council Finance Committee and the City Council. The motion was made by Vice Chair Asher Waldfogel and seconded by Commissioner Ed Lauing. The motion was approved by a vote of 5-0-2 (Commissioners Doria Suma and Eric Rosenblum, absent). Attached to this letter are recommendations from individual commissioners for consideration in next year’s Capital Budget. Respectfully submitted Michael Alcheck, Chair Planning and Transportation Commission ATTACHMENT I 42 Attachment Recommendations for Inclusion in Next Year’s Capital Budget •Include a CIP item for the 2018 capital budget to assess the feasibility of improving bicycle and pedestrian access from East Bayshore Road to West Bayshore Road with improvements such as signage, curb ramps, pedestrian crossing and landscape maintenance. •Include a CIP item to assess the feasibility of making safety improvements at University Avenue and El Camino Real looking at collision history for bikes and pedestrian for FY 2019 to 2023 Capital Budget. ATTACHMENT I: Letter from Planning and Transportation Committee ATTACHMENT I 43 Project ID Project Title FY 2018 Funding: Proposed Capital Budget Document FY 2018 Funding Adjustment FY 2018 Revised Funding: Proposed Capital Budget Document Airport Fund AP-16000 Airport Apron Reconstruction $ 5,600,490 $ 30,000 $ 5,630,490 AP-16002 Wildlife Hazard Plan $ 8,415 $ 15,000 $ 23,415 Total Airport Fund $ 5,608,905 $ 45,000 $ 5,653,905 Capital Improvement Fund AC-14001 Baylands Nature Interpretive Center Exhibit Improvements $ - $ 56,000 $ 56,000 AC-17000 Performing Arts Visual Venues Soft Goods Replacement $ - $ 55,000 $ 55,000 AC-86017 Art In Public Spaces $537,807 $ (2,500) $535,307 OS-00001 Open Space Trails and Amenities $175,000 $ 18,652 $193,652 OS-00002 Open Space Lakes And Pond Maintenance $ 72,791 $(27,791) $ 45,000 OS-09001 Off-Road Pathway Resurfacing And Repair $215,522 $ 20,587 $236,109 PE-11000 Rinconada Library New Construction and Improvements $995,706 $(15,389) $980,317 PE-13012 Structural Assessment of City Bridges $ - $ 25,000 $ 25,000 PE-14018 Baylands Boardwalk Improvements $ 22,199 $(22,199) $ - PE-15003 Fire Station 3 Replacement $ 5,845,584 $ 55,000 $ 5,900,584 PE-17000 Mitchell Park Adobe Creek Bridge Replacement $250,000 $ (2,994) $247,006 PE-17008 City Hall Floor 4 Remodel $467,100 $ (9,573) $457,527 PE-17009 City Hall Floor 5 Remodel $518,000 $ (7,019) $510,981 PE-18000 New California Avenue Area Parking Garage $ 9,479,713 $(38,264) $ 9,441,449 PF -01003 Building Systems Improvements $238,599 $100,000 $338,599 PF-02022 Facility Interior Finishes Replacement $363,451 $ 40,000 $403,451 PF-93009 Americans With Disabilities Act Compliance $440,367 $ (1,163) $439,204 PG-06001 Tennis and Basketball Court Resurfacing $469,391 $ 89,039 $558,430 PG-06003 Benches, Signage, Walkways, Perimeter Landscaping $274,255 $ 1,172 $275,427 PG-13001 Stanford/Palo Alto Playing Fields Soccer Turf Replacement $ - $502,139 $502,139 PG-13003 Golf Reconfiguration & Baylands Athletic Center Improvements $ - $ 53,991 $ 53,991 PG-15000 Buckeye Creek Hydrology Study $ 44,801 $ (2,095) $ 42,706 PL-14001 Midtown Connector $ - $ 53,120 $ 53,120 PL-15003 Residential Preferential Parking $192,400 $ 40,000 $232,400 PL-15004 Downtown Parking Wayfinding $ 95,421 $300,000 $395,421 Total Capital Improvement Fund $ 20,698,107 $ 1,280,713 $ 21,978,820 Electric Fund EL-02010 SCADA System Upgrades $ 60,000 $ 59,196 $119,196 EL-02011 Electric Utility Geographic Information System $228,663 $(63,663) $165,000 EL-04012 Utility Site Security Improvements $ 70,960 $ 15,613 $ 86,573 EL-06001 230 Kv Electric Intertie $113,119 $ 14,255 $127,374 EL-10006 Rebuild Underground District 24 $643,113 $277,087 $920,200 EL-11003 Rebuild Underground District 15 $114,181 $ 30,000 $144,181 EL-11010 Underground District 47-Middlefield, Homer, Webster, Addison $ 1,397,480 $476,976 $ 1,874,456 EL-11014 Smart Grid Technology Installation $ 1,521,766 $(521,766) $ 1,000,000 CAPITAL BUDGET REAPPROPRIATIONS ATTACHMENT J 44 Project ID Project Title FY 2018 Funding: Proposed Capital Budget Document FY 2018 Funding Adjustment FY 2018 Revised Funding: Proposed Capital Budget Document CAPITAL BUDGET REAPPROPRIATIONS EL-12001 Underground District 46 - Charleston/El Camino Real $ 1,397,480 $(497,480) $900,000 EL-13007 Underground Distribution System Security $300,000 $290,534 $590,534 EL-15000 Colorado/Hopkins System Improvement $ 1,525,000 $ 50,000 $ 1,575,000 EL-16002 Capacitor Bank Installation $ - $350,000 $350,000 EL-17001 East Meadows Circles 4/12Kv Conversion $ - $ 50,000 $ 50,000 EL-17005 HCB Pilot Wire Relay Replacement $167,000 $107,559 $274,559 EL-17007 Facility Relocation for Caltrain Modernization Project $ 1,550,000 $150,000 $ 1,700,000 EL-89031 Communications System Improvements $359,821 $(137,446) $222,375 EL-89038 Substation Protection Improvements $400,000 $200,000 $600,000 EL-89044 Substation Facility Improvements $195,000 $100,000 $295,000 Total Electric Fund $ 10,160,003 $950,865 $ 11,110,868 Gas Fund GS-11002 Gas Distribution System Improvements $238,870 $241,178 $480,048 GS-12001 Gas Main Replacement - Project 22 $ - $ 3,254,782 $ 3,254,782 Total Gas Fund $238,870 $ 3,495,960 $ 3,734,830 Vehicle Replacement Fund VR-15000 Scheduled Vehicle and Equipment Replacement - Fiscal Year 2015 $990,736 $ 50,000 $ 1,040,736 VR-16000 Scheduled Vehicle and Equipment Replacement - Fiscal Year 2016 $953,985 $150,000 $ 1,103,985 VR-17000 Scheduled Vehicle and Equipment Replacement - Fiscal Year 2017 $ 2,118,057 $200,000 $ 2,318,057 Total Vehicle Replacement Fund $ 4,062,778 $400,000 $ 4,462,778 Wastewater Collection Fund WC-14001 Wastewater Collection System Rehabilitation/Augmentation Project 27 $ - $ 97,440 $ 97,440 WC-15001 Wastewater Collection System Rehabilitation/Augmentation Project 28 $351,300 $351,300 $702,600 Total Wastewater Collection Fund $351,300 $448,740 $800,040 Wastewater Treatment Fund WQ-14001 New Dewatering and Loadout Facility $ 15,167,666 $ 7,000,000 $ 22,167,666 Total Wastewater Treatment Fund $ 15,167,666 $ 7,000,000 $ 22,167,666 Water Fund WS-09000 Seismic Water System Upgrades $ 1,130,877 $ (2,283) $ 1,128,594 WS-12001 Water Main Replacement - Project 26 $ - $ 1,143,000 $ 1,143,000 Total Water Fund $ 1,130,877 $ 1,140,717 $ 2,271,594 GRAND TOTAL $ 57,418,506 $ 14,761,995 $ 72,180,501 ATTACHMENT J 45