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HomeMy WebLinkAboutStaff Report 169-08City of Palo Alto City Manager’s Report BUDGET ’08- ’09 TO:HONORABLE CITY COUNCIL FROM:CITY MANAGER DEPARTMENT: UTILITIES ATTENTION: FINANCE COMMITTEE DATE: SUB3ECT: MARCH 18, 2008 CMR: 169:08 UTILITIES ADVISORY COMMISSION RECOMMENDATION TO ADOPT A RESOLUTION ADOPTING A WATER RATE INCREASE AND AMENDING UTILITY RATE SCHEDULES W-l, W-2, W-4, AND W-7 RECOMMENDATION Staff and the Utilities Advisory Conm~ission (UAC) reconm~end that the City.- Council adopt the attached resolution to: (a) (b) Approve an 8 percent increase to retail water rates, for Fiscal Year (FY) 2008-09, effective July 1, 2008, which will increase armual revenues by $2.0 million; and, Approve the changes to the Water Utility Rate Schedules (W-l, W-2, W-4, and W-7), as attached. BACKGROUND During the two-year FY 2007-09 budget process, a 10 percent rate increase was proposed by the Utilities Department and approved by the City Comacil for FY 2007-08. In addition, a 10 percent rate increase was approved in-concept for FY 2008-09. On February 19, City Council approved mid-year changes to the FY 2007-08 budget primarily to reflect the unanticipated increased wholesale cost of water [CMR: 151:08]. The Water Fund’s revenue requirement consists of a number of components including: wholesale water cost, distribution system operations costs, Capital Improvement Program (CIP) projects, funding of the Water Rate Stabilization Reserve (W-RSR) and the Emergency Plant Replacement Reserve (EPRR), and debt service. Any change in one or more of these components, or a change in retail sales levels, can trigger the need for a rate adjustment. During the budget process, staff forecasts customer revenues and utilit3~ expenses in order to quantify the CMR: 169:08 Page 1 of 6 armual revenue requirement. Changes to forecasted revenues or expenses are reflected in adjustments during the midyear budget process. DISCUSSION Table 1 below shows the estimated FY 2008-09 revenues and expenses for the Water Fund as well as the actual revenues and expenses for FY 2006-07 and the adjusted budget revenues and expenses for FY 2007-08. 1 13 11 12 13 1-. 15 17 18 19 23 21 23 TABLE 1 - Water Fund Sources and Uses of Funds ($000) Year Actual .Adjusted In~oncept Fisca!Cc~-U7 07-08 % CHANGE IN RETAIL RATE F:R’L’3-.JECTED SYSTEM AVERAGE RATE (S.:CC=) PROJECTED COMMODITY COST ($,’CCF) SALES UNITS (THOUSAND CCFs) FROJECTED CHANGE 1"t RETAIL SALES REVENUE Utilities Retail Sales 7.0% 4.21 1.22 5,481 1,5’t0 $ $ Service connection charges & capacity fees C, ther revenues plus Transfers In Interest plus ~lain or los~ on inveetment LIP Bond Proceeds ,; Reserve Total Sources of Funds Purchases Supply Operating Budget Distr~buNon Operating Budget Debt Service payments (Pdn & Int} Other Transfers Out Capita] Improvement progr&ms Operating Encumbrances & reconciliation Total Uses of Funds Into/(Out of) Reserves 857 1,281 1,080 0 26,271 7~806 396 5,211 784 4,759 4,159 178 23,292 2,979 10.0% 4.59 $ 5:0u 1.36 5,38t 2.247 24,526 833 843 366 946 0 6. :~7 !64;’121¯ 427 8.119 776 5.140 11,1 12 0 ,_ o.o7b (6,904) 08-09 8.0% 4.96 1.47 5,381 I,977 26,5!4 843 244 946 35,000 63,548 8,701 428 8.095 776 5,213 13,945 0 37,158 26,390 At the end of FY 2006-07, $9.2 million was returned to the W-RSR for encmnbered CIP projects that were cancelled. These funds will be used for the City’s Emergency Water Supply and Storage Project. The total cost of the project is estimated to be $42 million, and Utilities staff is working with the Administrative Services Department to explore utility revenue bond financing for approximately $35 million of the project cost. At this time, the San Francisco Public Utilities Convnission (SFPUC) has yet to adopt the wholesale water cost for FY 2008-09 and it may substantially differ from projections. Water sales levels have stabilized lately and revenue forecasts for FY 2008-09 and beyond reflect this CMR: 169:08 Page 2 of 6 pattern. CIP expenses not funded by bond proceeds are projected to be in the $4 million per year range for the next several years. Reserves and Risk Assessment Table 2 below surmaaarizes the end of year balances for the W-RSR, the risk assessment level and the Reserve Guidelines. Staff presemed the annual risk assessment of the Water Fund to the UAC at its February 2008 meeting. Note that the risk assessment level is determined by assessing the short-term risks to the Water Fund. The Reserve Guidelines were established to manage risks over the longer term. TABLE 2: Water Reserve Balance, Guideline Levels and Risk Assessment Level ($M) Water Rate Stabilization Reserve FY 2006-07 FY 2007-08 FY 2008-09 End of Year Balance Risk Assessment Level Reserv’e Minimum Level Reserve Maximum Level (actual)(estimated)(%recast) 16.3 9.9 6.9 3.5 7.1 4.9 5.3 14.2 12.4 13.3 After the proposed eight percent rate increase, the W-RSR balance is forecast to be $6.9 million at the end of FY 2008-09/which is above the minimum guideline level as well as the risk assessment level. Due to cominued future expected rate increases by SFPUC, staff recormnends keeping a healthy reserve balance in the Water Fund. Allocation of the Proposed Revenue Increase In FY 2007-08, the fixed monthly customer charge was re-introduced to partially collect fixed costs for all customer classes. The balance of the costs is recovered in volumetric rates. The fixed component introduced an element of ’rate shock’ to some customers, especially residential customers with low water usage, g~q~ile incremental adjustments to the fixed monthly customer charge may be made over time, staff proposes that only the volumetric component of the rates be increased in FY 2008-09. Staff proposes that the increased water costs be allocated in FY 2008- 09 to higher tier usage, both to avoid additiona! rate shock to residential customers with lower water usage, as well as to promote resource conservation. Table 3 below shows the impact of the proposed rate increase on customer bills based on different consumption levels for the residential and non-residential classes. CMR: 169:08 Page 3 of 6 TABLE 3: Impact of Rate Increase on Customer Bills Customer Smal! Residential Average Residential Medium Residential Large Residential Medium Commercial Large Commercial or Industrial Large Commercial or Industrial (irrigation only) (W-7) (5/8" Meter) (5/8" Meter) (5/8" Meter) (5/8" Meter) (3" Meter) (6" Meter) (6" Meter) Usage (CCF) 71 141 201 35i 3001 12001 Proposed Monthly Bill ($) $32.64 68.79 99.78 177.24 1,486.75 5,896.83 Amount of Proposed Increase ($) $- 4.58 8.50 18.31 106.80 427.20 Percent Increase 0%o 7.1% 9.3% 11.5% 7.7% 7.8% 3000 14,351.43 1,068.00 8.0% Comparison of Palo Alto Water Rates and Surroundin~ Cities: For several years, Palo Alto’s retail water rates have generally been higher than surrounding areas, due to the funding of an aggressive capital program to rehabilitate or replace aging water distribution infrastructure. Table 4 below, which compares monthly water bills using municipal water rates as of January 1, 2008 for Mountain View, Redwood City, Los Altos and Menlo Park, indicates that the average residential customer in surrounding cities pays approximately 31 percent less than the average Palo Alto residential customer. There are indications that nearby cities that purchase their water supplies from the SFPUC may be raising rates in FY 2008-09. At this time, the certainty or magnitude of their rate increases is not known. TABLE 4 - Monthly Residential Water Bill Comparison (rates in effect as of Jan. 1, 2008) Small Average Large Delta for Average use Palo Alto 7 $~...64 14 $64.21 $158.9352 Mountain Vie~v $20.85 $41.43 $132.27 35.5% Redwood[ Los Menlo City Altos1 Park! $28.20 $42.80 $105.60 33.3% $26.45 $32.15 $42.22 $51.18 $89.55 34.2% Delta (%) I 17.5$26.91 % 30.8$44.41 % $108.3 31.5$108.930 % 20.3% 39.8% Proposition 218 Water Rate Increase Procedure: Proposition 218 amended the California Constitution and set forth procedural requirements public agencies must follow- in order to enact or increase a property-related fee. Since Proposition 218 applies to the water service rate increases described here, the City nmst provide written notice by mai! to water customers and property ow~ers subject to the proposed fees, followed by a public hearing held not less than 45 days after notice is mailed. The notice must include the amount of the fee, the basis upon which the fee was calculated, the reason for the fee, Served by the California Water Service Company CMR: 169:08 Page 4 of 6 and the date, time and location of the public hearing. If written protests against the proposed fees are not presented by a majorit)T of customers, the City may impose the fee. ALTERNATIVES Staff evaluated the impact of alternative rate proposals to the proposed $2.0 million revenue increase. Any smaller rate increase would require reducing some combination of the operating budget, CIP, or the W-RSR. Reducing the CIP would hinder water main replacement projects, where the infi’astructure has exceeded its system design life. Reducing the water operating budget will hinder the reliability and safety of the water system. Withdrawing more funds from the W-RSR would drive the reserve balance below the minimum guideline level, and could necessitate an emergency rate increase request to accommodate infrastructure failure, or an unexpected increase in water supply costs. UTILITIES ADVISORY COMMISSION REVIEW AND RECOMMENDATIONS On March 5, 2008, the UAC voted unanimously (4-0 with one Commissioner absent), to recomrnend that the City Council: (a)Approve an 8 percent increase to retail water rates for Fiscal Year (FY) 2008-09, effective July 1, 2008, which will increase almual revenues by $2.0 million; and, (b) Approve the changes to the Water Utility Rate Schedules, as attached. The UAC discussed the fact that Palo Alto’s water rates are higher than neighboring cities and noted that this trend is won’isome. The UAC also asked staff to explain why the fixed charges were not proposed to increase as this is what staff had indicated last yea when proposing the reinstatemem of the fixed charge. Staff responded that the goal of encouraging water conservation has increased in importance since last year and that a greater difference in the rates for higher use tiers will serve to provide a stronger incentive to conselwe. RESOURCE IMPACT Approval of this rate proposal will increase the Water Fund retail sales revenues in FY 2008-09 by approximately $2.0 million. POLICY IMPLICATIONS This recommendation is consistent with current City,- policies. ENVIRONMENTAL REVIEW AZl increase in rates to meet operating expenses and financial reserve needs is not subject to the California 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)(1) and (3). CMR: 169:08 Page 5 of 6 ATTACHMENTS A. Resolution B. Water Rate Schedules: W-l, W-2, W-4, and W-7 C. Draft Minutes of the UAC meeting of March 5, 2008 PREPARED BY:Eric Keniston, Utilities Rate Analyst Ipek Com~olly, Senior Resource Plalmer REVIEWED BY: Jane Ratchye, Assistant Director of Utilities, Resource Management DEPARTMENT HEAD: CITY MANAGER APPROVAL: EMII~"H~SON Assistant City M~ager CMR: 169:08 Page 6 of 6 NOT YET APPROVED ATTACHMEN RESOLUTION NO. RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO ADOPTING A WATER RATE INCREASE AND AMENDING UTILITY RATE SCHEDULES W-I, W-2, W-4, AND W-7 WHEREAS, 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 and the fees and charges therefore; and WHEREAS, pursuant to Article XIIID Sec. 6 of the California Constitution, on June 9, 2008, the Council of the City of Palo Alto held a public hearing to consider all protests against the proposed water rate increases; and WHEREAS, .the total number of written protests presented by the close of the public hearing was less than fifty percent (50%) of the tota! number of customers and property owners subject tO the proposed water rate increases. NOW, THEREFORE, the Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION 1. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule W-1 (General Residential Water Service) is hereby amended to read in accordance with sheet W-l-l, attached hereto and incorporated herein. The foregoing Utility Rate Schedule, as amended, shall become effective July 1, 2008. SECTION 2. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule W-2 (Water Service from Fire Hydrants) is hereby amended to read in accordance with sheet W-2-1, attached hereto and incorporated herein. The foregoing Utility Rate Schedule, as amended, shall become effective July 1, 2008. SECTION 3. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule W-4 (General Non Residential Water Service) is hereby amended to read in accordance with sheet W-4-1, attached hereto and incorporated herein. The foregoing Utility Rate Schedule, as amended, shall become effective July 1, 2008. SECTION 4. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Utility Rate Schedule W-7 (Irrigation Water Service) is hereby amended to read in accordance with sheet W-7-1, attached hereto and incorporated herein. The foregoing Utility Rate Schedule, as amended, shall become effective July 1, 2008. 080311 syn 6050385 NOT YET APPROVED SECTION 5. The Council finds that the revenue derived from the authorized adoption enumerated herein shal! be used only for the purpose set forth in Article VII, Section 2, of the Charter of the City of Palo Alto. SECTION 6. The Council finds that an increase in rates to meet operating expenses and financial reserve needs is not subject to the California 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)(1) and (3). INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST: City Clerk APPROVED AS TO FORM: Mayor APPROVED: Deputy City Attorney City Manager Director of Utilities Director of Administrative Services 080311 syn 6050385 2 ATTACHMENT B GENERAL RESIDENTIAL WATER SERVICE UTILITY RATE SCHEDULE W- 1 APPLICABILITY: This schedule applies to all residential single family water se~Mce. TERRITORY: Inside and outside the incorporated limits of the City of Palo Alto and land owned or leased by the CitT. RATES: Montt~y Customer Charge: Per Meter Per Month For 5/8-inch meter For 3/4 inch meter For 1 inch meter For 1 1/2 inch meter For 2-inch meter For 3-inch meter For 4-inch meter For 6-inch meter For 8-inch meter For 10-inch meter ...........................................................................................................$5.00 ~..... ......................................................................................................5.00 .:.2 .......................................................................................................12.27 ...........................................................................................................19.37 ...........................................................................................................77.65 ...........................................................................................................130.60 ...........................................................................................................260.43 ...........................................................................................................383.67 ...........................................................................................................383.67 CommodiW Rate: (To be added Customer Charge and applicable to all pressure zones.) Per Meter Per Month Per Hundred Cubic Feet All Pressure Zones First 7 Ccf Over 7 Ccf .......................................................................................................................$3.949 .......................................................................................................................5.164 Temporat7 umnetered service to residential subdivision developers, per connection .......................................................................$6.00 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No. W-1-1 dated 7-1-2007 CITY OF PALO ALTO UTILITIES Proposed Effective 7-1-2008 Sheet No. W-l-1 WATER SERVICE FROM FIRE HYDRANTS UTILITY RATE SCHEDULE W-2 A. APPLICABILITY: This schedule applies to all water taken from fire hydrants for construction, maintenance, and other uses in conformance with provisions of a Hydrant Meter Permit. B. TERRITORY: Within the water service area of the City of Palo Alto. RATES: 1. Monthly Customer Charge. METER SIZE 5/8 inch ..........................................................................................................................50.00 3 inch ...................,.:. ...................................................................................................125.00 2. Conmaoditv Rate: (.per hundred cubic feet) ..................................................................$4.697 D. SPECIAL NOTES: 1.Monthly charges shall include the applicable monthly customer charge in addition to usage billed at the commodity rate. Any applicant using a hydrant without obtaining a Hych’ant Meter Permit or an3, permittee using a hydraat without a Hydrant Meter Permit shall pay a fee of $50.00 for each day- of such use in addition to all other costs mad fees provided in this schedule. A hydrant permit may- be denied or revoked for failure to pay such fee. A meter deposit of $750.00 may be charged any applicam for a Hydrant Meter Permit as a prerequisite to the issuance of a permit and meter(s). A charge of $50.00 per day will be added for delinquent return of hydrant meters. A fee will be charged for any meter returned with missing or danaaged parts. Any person or company using a fire hydrant as described in D. 1 above or who draws water from a hydrant without a meter installed and properly recording usage shall, in addition to all other applicable charges be subject to criminal prosecution pursuant to the Palo Alto Municipal Code. CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No. W-2-1 dated 7-1-2007 Proposed Effective 7-1-2008 Sheet No. W-2-1 GENERAL NON-RESIDENTIAL WATER SERVICE APPLICABILITY: UTILITY tL4TE SCHEDULE W-4 This schedule applies to non-residential water service in the City of Palo Alto and its distribution area. This schedule is also applicable to multi-family residential customers served tln’ough a master meter. TERRITORY: Inside the incorporated limits of the City of Palo Alto, on land owned or leased by the City, and an5’ other land serviced by the Palo Alto Water Utility. Monthly Customer Charge Per Meter Per Month ...............................................................................................$5.00 ...............................................................................................12.27 ...............................................................................................19.37 ...............................................................................................77.65 ...............................................................................................1~0.60 ...............................................................................................260.43 ...............................................................................................383.67 ...............................................................................................383.67 For 5/8-inch meter For 3!4-inch meter For 1-inch meter For 1 1/2 inch meter For 2-inch meter For 3-inch meter For 4-inch meter For 6-inch meter For 8-inch meter For 10-inch meter ConmaodiW Rates: (to be added to Customer Charge) Per Meter Per Month Per Hundred Cubic Feet All Pressure Zones Per Ccf ....................................................................................................................... $4.697 CITY OF PALO ALTO UTILITIES Issued by the Ci5~ Council Supersedes Sheet No. W-4-1 dated 7-1-2007 CITY OF PALO ALTO UTILITIES Proposed Effective 7-1-2008 Sheet No. W-4-1 IRRIGATION WATER SERVICE UTILITY P~a~TE SCHEDULE W-7 Co .APPLICABILITY: This schedule applies to non-residential water service supplying dedicated in-igation meters in the City of Palo Alto and its distribution area. TERRITORY: Inside the incorporated limits of the City of Palo Alto, on land owned or leased by the City, and any other land serviced by the Palo Alto Water Utility. RATES: Monthly Customer Charge For 5/8-inch meter-: For 3/4-inch meter For 1-inch meter For 1 1/2 inch meter For 2-inch meter For 3-inch meter For 4-inch meter For 6-inch meter For 8-inch meter For 10-inch meter Per Meter Per Month ...............................................................................................$5.00 ...............................................................................................12.27 ...............................................................................................19.37 ...............................................................................................77.65 ...............................................................................................130.60 260 43 ................................................................................................~8~.67 ................................................................................................~8.~.67 Commodity Rates: (to be added to Customer Charge) Per Meter Per Month Per Hundred Cubic Feet All Pressure Zones Per Ccf ....................................................................................................................... $4.697 CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No. W-7-1 dated 7-1-2007 CITY OF PALO ALTO UTILITIES Proposed Effective 7-1-2008 Sheet No. W-7-1 ATTACHMENT C DRAFT UTILITIES ADVISORY COIVIMISSION MINUTES OF MARCH 5, 2008 CALL TO ORDER Chairman Rosenbaum called to order at 7:00 P.M. the scheduled meeting of the Utilities Advisory Commission (UAC). Present: Commissioners George Bechtel, Dexter Dawes, John Melton, Dick Rosenbaum, and Council Liaison Yiaway Yeh Absent: Commissioner MarilynKe]ler ORAL COMMUNICATIONS NONE APPROVAL OF THE MINUTES Commissioner Bechtel expressed his approval as to the quality of the minutes for February. The minutes from the February 6, 2008, were unanimously approved. AGENDA REVIEW No changes to the agenda were requested. REPORT FROM COMMISSION MEETINGS/EVENTS There were no reports. Utilities Advisory Commission Minutes Approved on:Page 1 of 7 UTILITIES DIRECTOR REPORT Utilities Director Valerie Fong gave the following updates: Hydro Conditions: Northern Sierra precipitation is at 90% of average to date and reservoir levels are about 80% of average. As a result, hydro electric generation is expected to be below average if precipitation resumes median levels for the rest of the season. Local Cogen: The project proponent, a key customer, has retained an energy consultant to assist with project feasibility and development, however, neither firm is interested in owning the project and ownership interest was proposed to the City. The preliminary project design is for a 20 MW plant, with an initial capital cost of approximately $47M. COTP Transmission Asset Lay-off: Staff wilt be sending a formal offer letter to other owners of COTP transmission ex.pressing the City’s interest to lay-off all 50 MW of City’s ownership share for 20 years at cost. Continuing updates will be provided to the UAC, and the offer and final contract will be subject to final Council approval. Western Geo Power: On 2/19 Council approved participation in an NCPA 3rd phase agreement to purchase up to 5 Average MW of a new Geysers area geothermal powerplant being developed by Western GeoPower. The City’s share of output will range from 2 to 4% of the City’s electric load depending on plant output and other member participation levels. Power flow is expected starting in 2010 and running through 2030. ClP: In response to Vice Chair Dawes question at last month’s UAC meeting, an update on the gas main replacement CIP was provided. The gas main replacement projects are an on-going expense of running the gas utility. Over the last 15 years or so the gas mains have been replaced at an accelerated rate due to the deterioration of ABS main pipelines. The replacement of the ABS mains is expected to be completed in 2012-13 timeframe. Once this is completed the ABS services will be replaced along with the on-going replacement of steel mains. Expenditures for pipeline replacement are expected to begin decreasing after the all ABS mains are replaced and then level out at a level that sustains the condition of the infrastructure. Utilities Advisory Commission Minutes Approved on:Page 2 of 7 The following upcoming meetings were noted: March 10, 2008 - Council Meeting (to establish UUD 45 and to approve the PPA with Ameresco for the Keller Canyon landfill gas to energy) March 17, 2008 - Council Joint Meeting with Senator Simitian March 18, 2008 - Finance Committee - Water, Gas and Electric Rate Increase o April 2, 2008- Next UAC Meeting UNFINISHED BUSINESS NONE NEW BUSINESS ITEM 1: ACTION ITEM: PropOsed Water Rate Increase Effective July 1, 2008 Valerie Fong, Utilities Director, stated that no presentation was prepared, but that staff was available to answer questions on the report. As a prefatory comment, for residential customers, the 8 percent proposed increase was geared more towards higher tier water users, primarily as a conservation signal. Commissioner Melton questioned why the customer charge was not increasing at this time, and if it was staff’s intention to bring this charge up to cost-of-service study levels for residential customers gradually. Fong stated that all increases were on volumetric charges only this time for conservation reasons. Jane Ratchye, Assistant Director for Resource Management, clarified that, with conservation goals growing in importance, widening the price gap between residential tiers was a staff’s recommendation this year. This emphasis will be re- evaluated on an ongoing basis. Commissioner Dawes questioned the capital expenditures in Fiscal Year 2007-08 and the return of previously encumbered Capital Improvement Program (CIP) funds to the Rate Stabilization Reserve (RSR), and specifically whether the Emergency Water Supply and Storage project would be worked on this fiscal year. Utilities Advisory Commission Minutes Approved on:Page 3 of 7 Fong clarified that it would be, and that well rehabilitation and pump station upgrades could go forward independent of reservoir siting issues. Commissioner Dawes asked if the FY 07-08 CIP figures were for funds spent or funds committed, and Fong clarified they were committed funds. Commissioner Rosenbaum questioned the first sentence on page four, which appears to give reasons as to why water rates have been higher than surrounding areas. Commissioner Rosenbaum stated that the reasons given imply that Palo Alto has higher relative costs than others cities, and questioned whether that has been studied. Ratchye agreed that the sentence related more to cost drivers rather than cost comparisons with other cities. Commissioner Rosenbaum asked specifically about the level of allocated charges and general fund transfers in other cities. Ratchye posited that allocated charges were unknown, and transfers were probably very low. Commissioner Rosenbaum posited whether rate-payers would enjoy paying for such transfers, along with rents to the City, as they account for roughly $0.80 per one hundred cubic feet of water, and were "significant." Commissioner Rosenbaum suggested the charges may be too high, and perhaps a comparison study should be done to surrounding cities. Commissioner Dawes stated that the Auditors report shows Pato Alto’s water department costs have increased rapidly over the last few years and are now higher than the next highest city utility, which was "worrisome." Asked whether charges by the city to the water utility could be reduced, Fong commented these were not within her scope to modify or make recommendations on, and if the UAC wanted to not increase rates due to these costs, staff’s only recourse would be to drop CIP projects. Commissioner Dawes commented that perhaps the chair or vice-chair of the UAC should present to Council the problems they see with costs. Utilities Advisory Commission Minutes Approved on:Page 4 of 7 Commissioner Rosenbaum asked for a motion. Commissioner Dawes moved and Commissioner Bechtel seconded the water rate proposal. No further discussions were presented. Commissioner Rosenbaum asked for those in favor, and the motion passed unanimously. ITEM 2: ACTIOI’,I ITEM: Proposed Natural Gas Rate Increase Effective Jut,~ 1. 2008 Fong again stated that no presentation was prepared, but that staff was available to answer questions on the report. She noted that there were no proposed increases to the customer charge for gas. Commissioner Dawes questioned whether, based on projections of stable gas supply costs over the next few years, whether the proposed increase should be spread over multiple years. Commissioner Melton countered that a lower increase would tak~ the RSR below the risk assessment level. Commissioner Rosenbaum asked if staff had comment, and Fong expressed staff’s agreement with Commissioner Melton, and added that there were no additional reserves to "back-up" the gas funds, unlike the electric fund (Calaveras). Commissioner Bechtel expressed concern for future projections showing no increases, and questioned whether staff would look at debt financing more projects to spread costs over time and keep rates down, perhaps having annual inflationary increases instead of large changes. Fong confirmed that staff was serious about pursuing debt financing for large projects, and may finance gas projects along with larger projects should the need arise. Commissioner Rosenbaum stated that normal maintenance operations should be funded through rates, and that larger maintenance programs or CIP spending explains why Palo Alto’s distribution costs were higher than Pacific Gas & Electric. Utilities Advisory Commission Minutes Approved on:Page 5 ot:7 Commissioner Rosenbaum asked for a motion. Commissioner Dawes moved and Commissioner Melton seconded the gas rate proposal. No further discussions were presented. Commissioner Rosenbaum asked for those in favor, and the motion passed unanimously. ITEM 3: ACTION ITEM: Proposed Electric Rate increase Effective July 1,2008 Fong again stated that no presentation was prepared, but that staff was available to answer questions on the report. Commenting that, as the February UAC meeting regarding electric scenarios indicated that the "middle of the road" option was what seemed to resonate with the UAC, this was what staff was proposing. Ratchye added that, in order to ensure that reserves will end at the risk assessment value for FY 08-09, additional funds are planned to be drawn from the Calaveras Reserve, but that the Cataveras Reserve fund balance would still be within Council approved guideline levels. Commissioner Dawes sought clarification as to whether staff could make such a transfer, and Commissioner Melton confirmed that, within a particular fund, staff can move money between RSR’s. Commissioner Melton commented that the discussion on this increase was really done last month, and the current proposal was exactly what the UAC asked for the last time. Commissioner Melton moved and Commissioner Bechtel seconded the electric rate proposal. Commissioner Rosenbaum asked why the higher residential tiers would see larger increases than the lower tiers, and what fraction of residential usage was in tier 3. Staff commented that it was quite a bit less than half, but the exact figures were not immediately in front of them. Commissioner Rosenbaum commented that a two tier pricing system may be more appropriate, and requested staff to look into that in the future. Fong commented that, as shown on Table 3, the impact to larger users was not that dramatic. Utilities Advisory Commission Minutes Approved on:Page 6 of 7 Commissioner Bechtel asked if there were any instances of a neighborhood needing a service change on the distribution side due to household consumption levels increasing, or whether there has been a significant increase in residential usage in general. Fong stated that she would have to ask the engineering department for confirmation, but generally that the system is sized to take growth into account. Ratchye stated that average usage has not increased dramatically over the last few years. Commissioner Rosenbaum, seeing no requests for further discussion, asked for those in favor, and the motion passed unanimously. Resident Lois Nisbet, at the conclusion of New Business, asked to address a question to the UAC: "is there any ethical consideration for the fact that you charge for utilities when in fact you spend it on something else?" Commissioner Dawes asked if this was in regard to transfers, and Ms. Nisbet stated, "1 guess so." Commissioner Dawes stated that question should be brought before the City Council regarding this issue, as they set the policy regarding transfers. Commissioner Rosenbaum clarified that the transfer has been going on since the inception of the utility, although it was capped at a growth rate of 3 percent several years ago. The next schedule meeting is April 2, with everyone present. The May 7 meeting is set for a day meeting. Meeting adjourned at 8:00 P.M. Respectfully submitted, Marites Ward City of Palo Alto Utilities Utilities Advisory Commission Minutes Approved on:Page 7 of 7