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HomeMy WebLinkAbout2002-05-14 City Council (6)TO: FROM: City of Palo Alto City Manaoer’s Re_n_art 02-03 /HONORABLE CITY COUNCIL CITY MANAGER DEPARTMENT: UTILITIES. ATTENTION: DATE: S B CTi FINANCE COMMITTEE MAY 14, 2002 CMR:245:02 ADOPTION OF A RESOLUTION AMENDING VARIOUS. WATER RATE SCHEDULES TO EFFECT A WATER.RATE INCREASE . ¯ RECOMMENDATION ¯ Staff and the Utilities Advisory Commission (UAC) recommend that the City Council adopt the attached resolution to. amend various water rate schedules in order to increase water retail rates by approximately 20 percent system wide, effective July 1, 2002. DISCUSSION " Staff reviews the Water Fund revenues, reserves, and expenditures on a quarterly basis to ensure that the Fund is financially sound. In addition, staff reviews financial projections for the next ten-year period. A review of the financial projections indicates a major rise in the Water Fund Capital Improvement Program(CIP) in FY 2003-04. To fund this rising CIP, staff recommended and Council approved a two-prong financial strategy during the FY 2001-02 budget process. The strategy consists of a combination of one-time bond financing and two retail rate increases. Earlier this year, water revenue bonds ($11.7 million) were issued to partially finance the CIP. The proposed 20 percent retail rate increase would help fund the remaining portion of the CIP. Depending on actual and projected ending reserve balances for FY 2002-03 and FY 2003-04, a subsequent retail rate increase may be necessary in FY 2003’04. The proposed retail rate increase has been spread to all rate schedules based on a system average of 20 percent. In addition, staff recommends the creation of Rate Schedule W-7 for better tracldng of the water used specifically for landscape irrigation purposes. CMR:245:02 Page 1 of 3 Irrigation Water S~rvice Rate Schedule W-7 will apply to non-residential customers that are separately metered for irrigation. Finally, Utilities Rule and Regulation 13 currently addresses the Utilities’ actions in case of a shortage or interruption of energy supplies. Staff is proposing to amend Rule 13 to add a section addressing the City’s Water Shortage Emergency Response Plan. UTILITIES ADVISORY COMMISSION REVIEW AND RECOMMENDATIONS On May 1, 2002, the Utilities Advisory Commission (UAC) approved staff’s proposal to increase water rates by 20 percent effective July 1, 2002. ’ ALTERNATIVES Staff evaluated other rate alternatives, such as deferral of the rate increase until FY 2003- 04 or an increase, of rates by only I0 percent. However, a rate increase of less than 20 percent could result in a much.larger increase in FY 2003-04 to addressthe rapid rise in the CIP and to accommodate a projected increase in wholesale water costs. RESOURCE IMPACT Approval of this proposed rate increase will increase the Water Fund sales revenues by approximately $3.1 million for FY 2002-03. POLICY IMPLICATIONS This proposed rate increase would satisfy the Strategic Plan objective of providing the funds necessary to invest in utility infrastructure to deliver reliable service. These recommendations do not represent a change in current City. ENVIRONMENTAL REVIEW The adoption of the resolution does not constitute a project under the California Environmental Quality Act, therefore, no environmental assessment is required. CMR:245:02 Page 2 of 3 ¯ ATTACHMENTS A.Resolution B.Water Rate Schedules W-l, W-l-B, W-l-C, W-4, and W-7 C.Rule 13 D.UAC Report dated May 1, 2002 E.D: Minutes of the UAC meeting of May 1, 2002 PREPARED BY: Lucie Hirmina, Utilities Pricing ManagerJ/~ DEPARTMENT HEAD: CITY MANAGER APPROVAL: nA aUSON Assistant City Manager CMR:245:02 Page 3 of 3 RESOLUTION NO. RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING UTILITY RATE SCHEDULES W-l, W-l-B, W-l-C, W-4, AND W-7 OF THE CITY OF PALO ALTO UTILITIES RATES AND CHARGES PERTAINING TO WATER RATES AND APPROVING AND ADOPTING RULE AND REGULATION 13 GOVERNING SHORTAGE OF SUPPLY AND INTERRUPTION OF DELIVERY OF ENERGY,GAS,AND WATER The Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION i. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Schedules W-I (General Residential Water Service), W-I-B (Reclaimed Water Service & Hauling), W-I-C (Reclaimed Water Service & Hauling), W-4 (General Non- Residential Water Service), and W-7 -(Irrigation Water Service) of the Palo Alto Utilities Rates and Charges are hereby amended to read in accordance with Sheets W-l-l, W-l-B-l, W-l-C-l, W-4- i, and W-7-1 respectively, attached hereto and incorporated herein by reference. The foregoing Utility Rate Schedules, as amended, shall become effective on July I, 2002. SECTION 2. The Council finds that the revenue derived from the authorized adjustments, of several water service rates shall be used only for the purposes set forth in Article VII, Section 2, of the Charter of the City of PaloAlto. SECTION 3. Pursuant-to Section 12.20.010 of- the Palo Alto Municipal Code, Rule and Regulation 13 (Shortage of Supply and Interruption of Delivery of Energy, Gas, and Water) of the Utility Rules and Regulations is hereby amended to read in accordance with the sheets captioned "Shortage of Supply and Interruption of Delivery of Energy, Gas, and’ Water" and "Rule and Regulation 13," Sheet Nos. i through 5, inclusive, attached hereto and incorporated herein by this reference. The foregoing Rule and Regulation shall become effectiye on July i, 2002. // // // // 020507 lh 0072157 SECTION 4. The Council finds that- the adoption of this resolution does not constitute a project under the California Environmental Quality Act, California Public Resources Code section 21080, subdivision (b) (8). INTRODUCED AND PASSED: AYES: .NOES: ABSENT: ABSTENTIONS: ATTEST: City Clerk APPROVED AS TO FORM: Mayor APPROVED: Senior Asst. City Attorney City Manager Director of Utilities Director Of Administrative Services 020507 lh 0072157 2 Bo Co GENERAL RESIDENTIAL WATER SERVICE UTILITY RATE SCHEDULE W- 1 APPLICABILITY: This schedule applies to all residential single family water service. TERRITORY: Inside and outside the incorporated limits of the City of Palo Alto and land owned or leased by the City. RATE S: Service Charge: Per Meter Per Month For 5/8-inch meter For 3/4 inch meter For I 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 ............................................................................................................5.63 .................................................... ~ ......................................’. ................6.50 .............................................................................................................16.95 ............................................................................................................ 24.30 ............................................................................................................ 60.00 ............................................................................................................ 93.50 ............................................................................................................ 99.99 Commodity Rate: (To be added Service Charge and applicable to all pressure zones.) Per Meter Per Hundred Cubic Feet Per Month All Pressure Zones First 7 Ccf Over 7 Ccf .................. . ................................................’. ....................................................$2.35 ...................................................................... , .................................................3.00 Temporary unmetered.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 7-1-00 CITY OF PALO ALTO UTILITIES Effective 7-1-2002 Sheet No. W-l-1 RECLAIMED WATER SERVICE & HAULING UTILITY RATE SCHEDULE W-1-B A. APPLICABILITY: This schedule applies to all reclaimed water service including reclaimed water available for hauling for uses specified by Order No. 93-160 issued by the Califomia State Regional Water Quality Control Board on December 15, 1993. B. TERRITORY: The Reel .akned Water Service Charge applies inside the incorporated limits of the City of Palo Alto and land owned or leased by the City. Hauled water is available to any entity obtaining a reclaimed water permit and paying the indicated fee. C. RATES: Reclaimed Water Service Annual Permit Fee ............................................................................................................ $50.00 {Enal CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No.W-I-B-1 dated 7-1-90 Effective 7-1-2002 Sheet No. W-l-B-1 RECLAIMED WATER SERVICE & HAULING UTILITY RATE SCHEDULE W-1-C A. APPLICABILITY: This schedule applies to reclaimed water available for hauling for uses specified by Order No. 93-160 issued by the California State Regional Water Quality Control Board on December 15, 1993. B.TERRITORY: Available to water haulers operating within the Regional Water Quality Control Plant service area. C.RATES: Per 1,000 gallons ........................................................................................................ D. SPECIAL PROVISIONS: 1.Minimum monthly billing for water will be $25.00. Bills will not be rendered for months of inactivity. $1.00 All haulers of reclaimed water will be instructed on the allowable uses of reclaimed water and required special operating procedures. Haulers must be licensed by the City of Pato Alto before water will be provided. CITY OF PALO ALTO UTILITIES Issued by the City Council Supersedes Sheet No. W-l-C-1 dated 7-1-88 Effective 7-1-2002 Sheet No. W’I-C-1 GENERAL NON-RESIDENTIAL WATER SERVICE UTILITY RATE SCHEDULE W-4 APPLICABILITY: This schedule applies to non-residential water service in the City ofPalo Alto and its distribution area. This schedule is also applicable to multi-family residential customers served through a master meter. TERRITORY: Inside the incorporated lirnits of the City of Palo Alto, on land owned or l~ased by the City, and any other land serviced by the Palo Alto Water Utility. RATES: Per Meter Service Charge 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 ................................................................................................5.63 ................................................................................................16.95 ................................................................................................24.30 ...................................................... ~ .........................................60.00 ................................................................................................93.50 ................................................................................................99.99 Commodity Rates: (to be added to Service Charge) Per Meter Per Month Per Ccf Per Hundred Cubic Feet All Pressure Zones ......................................................................................................................... $3.09 CITY OF PALO ALTO.UTILITIES Issued by the City Council Supersedes Sheet No. W-4-1 dated 7-1-00 CITY OF PALO ALTO UTILITIES Effective 7-1-2002 Sheet No. W-4-1 Co IRRIGATION WATER SERVICE UTILITY RATE SCHEDULE W-7 APPLICABILITY: This schedule applies to .non-residential water service supplying dedicated irrigation 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: Service 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 ................................................................................................5.00 ...... ..... ............................ ............ ....... .................................. ....5.63 ................... ..........................................~ ..................................6.50 .................................................................................. ~ .............16.95 ................................................................................................24.30 ................................................................................................60.00 ................................................................... ~ ............................93.50 ................................................................................................99.99 Commodity Rates: (to be added to Service Charge) Per Meter Per Month Per Hundred Cubic Feet All Pressure Zones Per Ccf ........................................................................................................................ $3.09 {End] CITY OF PALO ALTO UTILITIES Issued by the City Council CITY OF PALO ALTO UTILITIES Effective 7-1-2002 Original Sheet No. W-7-1 SHORTAGE OF SUPPLY AND INTERRUPTION OF DELIVERY OF ENERGY, GAS, AND WATER RULE AND REGULATION 13 GENERAL: CPAU will make reasonable efforts to deliver continuous and sufficient utility service to its Customers, but CPAU does not guarantee the continuity or sufficiency of supply. CPAU will not be liable for service interruption, shortage or insufficiency of utility supply, or any loss or damage occasioned thereby. INTERRUPTION OF DELIVERY: When interruptions occur, CPAU will endeavor to reestablish service with the shortest possible delay consistent with the safety of its Customers and the general public. CPAU will have the right to suspend service temporarily for the purpose of malting repairs of improvements to the system. When CPAU finds it necessary to schedule an interruption to its service, it will, where feasible, notify all Customers to be affected of the approximate time and the anticipated duration of the interruption. CPAU will endeavor to schedule interruptions at hours that will be least inconvenient to the Customers and consistent with economical utility operations. SHORTAGE OF ENERGY SUPPLY: During times of threatened or actual shortage of supply, CPAU will apportion the available supply among its Customers in accordance with the Emergency Load Shedding Plans, incorporated herein by reference, on file with CPAU. With due regard for public health and safety, these plans will provide for shortages caused by insufficient supply or natural or manmade events which reduce the capacity of CPAU’s suppliers and CPAU is requested to limit the level of delivery to its Customers for some specified period of time of"until further notice". The Director of Utilities is authorized to adjust the Emergency Load Shedding plans to reflect changes in personnel, distribution systems, utility services, or other factors; when, in the opinion of the Director of Utilities such adjustments will lead to better protection of the public health and general welfare. OVERSUPPLY OR POWER SURGES ON THE DISTRIBUTION SYSTEM Power surges may occur due to conditions beyond the control of CPAU or its Customers. CPAU will make reasonable efforts to minimize power surges occumng on the CPAU distribution system, CITY OF PALO ALTO UTILITIES Issued by the City Council CITY OF PALO ALTO UTILITIES Effective 7-1-2002 Sheet No. 1 Eo SHORTAGE OF SUPPLY AND INTERRUPTION OF DELIVERY OF ENERGY, GAS, AND WATER RULE AND REGULATION 13 (Continued) but CPAU does not guarantee that power surges will not occur. CPAU recommends that Customers protect their connected loads and equipment fxom power surges. CPAU shall not be liable for any loss or damage occasioned by power surges. CAPACITY ALLOCATION; CONSTRAINT OR CURTAILMENT OF NATURAL GAS SERVICE CPAU may reduce, interrupt, or allocate natural Gas supply services for operational reasons in the event of projected or actual supply or capacity shortages. A Point of Receipt service restriction is a reduction of the nominations at the Point of Receipt to match the capacity available in the Distribution system. Gas Direct Access Customers and their Gas Service Providers are solely responsible for providing the necessary services upstream of the Point of Receipt. A Point of Delivery service restriction is a reduction of the daily quantity delivered to the Customer or temporary interruption of the Customer’s service. CPAU will exercise good faith efforts to furnish and deliver continuous service and a sufficient quantity of Gas to Customers, but CPAU does not guarantee continuity of service or sufficiency of quantity. CPAU shall not be liable for any interruption, shortage, or insufficient supply, or any loss or damage of any kind or character caused by such, if caused by an Uncontrollable Force or any other cause that is beyond CPAU’s reasonable control except that arising fxom its failure to exercise reasonable diligence. CPAU shall be the sole judge of whether it is operationally able to receive and/or deliver Gas on its Distribution System. CPAU shall not be liable to the Customer for damages, or otherwise, as the result of any interruption, reduction, or allocation of Gas transportation capacity or delivery service. CPAU may, in the exercise of reasonable judgment, reduce receipts or deliveries of natural Gas in order to test, alter, modify, enlarge, or repair any part of the Distribution System 0r any facility or property related to the operation of the Distribution Systeml In all such cases, CPAU shall give the Customers reasonable notice as circumstances will permit, and CPAU shall complete such repairs or improvements as soon as practicable and with minimal inconvenience to Customers. CPAU shall not be responsible for any Curtailment, confiscation, or inability to deliver natural Gas into the PG&E, or any other upstream pipeline, system. CPAU shall not be responsible for any Curtailmentor confiscation by PG&E causing an inability to deliver natural Gas into CPAU’s Pool. CITY OF PALO ALTO UTILITIES Issued by the City Council CITY OF PALO ALTO UTILITIES Effective 7-1-2002 Sheet No. 2 SHORTAGE OF SUPPLY AND INTERRUPTION OF DELIVERY OF ENERGY, GAS, AND WATER RULE AND REGULATION 13 .(Continued) Any shortfall in deliveries into the City’s Pool must be made up by obtaining third-party Gas supplies, reducing customer usage, or receiving supplies subject to the balancing provisions described in Utility Rule and Regulation 12, if available. 1.RECENT POINT CAPACITY ALLOCATION (A)Allocation Because of Non-conformance of Gas to CPAU’s Specifications 03) CPAU has the right and responsibility to maintain the quality standards of the gas in its system. CPAU may refuse to accept gas or to accept limited amounts of gas if the gas is not of the quality reqttired for service to CPAU Customers.. CPAU shall be the sole judge of the ability of its system to accept any such gas not conforming to its specifi6ationL (See Utility Rule and Regulation 12.) Allocation Due to Local Constraints CPAU may reduce the amount of gas CPAU receives on the Customer’s behalf due to operating conditions or regulatory requirements affecting all or a portion of CPAU’s system. CPAU will take whatever steps it determines are operationally appropriate in the event a constraint on CPAU’s Distribution System threatens service to Customers. (c)In the event CPAU reduces the receipt of Customer-owned gas for any reason cited above, the Customer must obtain third party gas, stop receiving service, or receive supplies subject to the imbalance provisions in Utility Rule and Regulation 12 if this service is available. 2.POINT OF DELIVERY SERVICE RESTRICTIONS Reasons for service restrictions (1)Operating Constraints CPAU may interrupt or reduce delivery of natural Gas in the event of projected or actual capacity constraints or projected or actual supply CITY OF PALO ALTO UTILITIES Issued by the City Council CITY OF PALO ALTO UTILITIES. Effective 7-1-2002 Sheet No. 3 SHORTAGE OF SUPPLY AND INTERRUPTION OF DELIVERY OF ENERGY, GAS, AND WATER RULE AND REGULATION 13 (Continued) shortages on the Distribution System, subject to the priorities set forth in Section 3. ’(2) Local Constraints In the event of localized constraints, Customers in unconstrained areas may continue to receive service; provided,, however that CPAU may take whatever steps it determines are operationally necessary in.the event a constraint on the Distribution System threatens service to Customers. This may include Curtailment of Noncore Customers. CURTAILMENT PRIORITIES In the event of a projected or actual supply Curtailment, Customers will be curtailed in the following order of precedence: 1.Noncore Accounts 2.Core Commercial Accounts 3.Residential Accounts Should the amounts to be curtailed be less than an entire category, CPAU will curtail accounts on a pro rata or rotating block basis. OPERATIONAL FLOW ORDERS, EMERGENCY FLOW ORDERS, AND DIVERSIONS If at anytime PG&E imposes an OFO, EFO, or diversion requirements upon CPAU, the Pool Manager, or the Balancing Agent, the Gas Service Provider and all Customers will comply with those restrictions in accordance with PG&E’s Rule 14. If the Gas Service Provider does not comply with the requirements established by PG&E during an OFO, EFO or Diversion, the Gas Service Provider or Customer.. will pay a noncompliance Charge. The noncompliance charge will be calculated in accordance with PG&E’s Rule 14 or replacement Rule. This applies to Gas Direct Access Customers and Noncore Full-Service Customers. CITY OF PALO ALTO UTILITIES Issued by the City Council C;ITY OF PALO ALTO UTILITIES Effective 7-1-2002 Sheet No. 4 SHORTAGE OF SUPPLY AND INTERRUPTION OF DELIVERY OF ENERGY, GAS, AND WATER WATER SHORTAGE EMERGENCY RESPONSE RULE AND REGULATION 13 (Continued) During times of threatened or actual shortage of supply, CPAU will activate the Water Shortage Contingency Plan, incorporated into the City ofPalo Alto’s Emergency Response Plan. These plans are consistent with .both county and state emergency planning procedures. During a short-term water shortage emergency, the City water shortage response team is activated. Members include water, fire, planning, health, emergency services, public affairs, parks and recreations, and the Mayor’s Office. This team has identified specific water-critical, customers such as hospitals, nursing facilities, and schools. An organizational structure is in place to deliver potable water to distribution sites, active water purification equipment, employ standby generators and auxiliary pumps and use emergency water conveyance and supply storage facilities. During long-term water shortages due to drought, the Utilities Department will implement a four- stage reduction strategy. Reduction targets will be set for all customer classes depending on the severity and duration of the shortage. These targets have been established to provide a minimum of 50% of normal supply during a severe or extended water shortage. (END) CITY OF PALO ALTO UTILITIES Issued by the City Council CITY OF PALO ALTO UTILITIES Effective 7-1-2002 Sheet No. 5 MEMORANDUM TO: FROM: DATE: SUBJECT: UTILITIES ADVISORY COMMISSION UTILITIES DEPARTMENT MAY 1, 2002 PROPOSED WATER RATE INCREASE RE(~OMMENDATION This repor~ requests that the Utilities Advisory Commission (UAC) recommend that the City Council approve a 20 percent water rate increase effective July 1, 2002. BACKGROUND The Water Utility’s revenue requirement consists of a number of components including the cost to purchase water, operate and maintain a reliable system, pay for the capital improvement program (C~), fund prudent reserve levels and provide a transfer to the General Fund. Any. change in one or more of these components as well as a change in sales level can trigger a need for a rate adjustment. Staff reviews the Water Fund revenues, reserves, and expenditures on a quarterly basis to insure that the Utility is financially sound. A review of the CIP indicates a major rise in FY 03-04. To fund a rapidly rising CIP as well as increased wholesale water costs, staff recommended aiad Council approved a two prong financial strategy during the budget process last spring. The balanced strategy consists of a combination of one-time bond fmancing and retail rate increases. Earlier this year, water revenue bonds ($10.8 .million) were issued to partially finance the CIP. This proposed 20 percent retail rate increase wouldhelp fund the remaining portion of the CIr. DISCUSSION A review of the CIP for FY01-02 through FY03-04 indicates a total expenditure of $22.8 ,million. During this period, the C[P is expected to jump from $4.9 million to $11.5 million. The CIP includes $3.9 million for the E1 Camino Park Reservoir and Pump Station as well as rehabilitation of well sites and water main r.eplacements. To help fund the CIP, retail rates need to be ramped up over a two-year period beginning in FY02-03. Staff proposes a 20 percent rate increase in FY02-03 and possibly a 25 percent rate increase in FY03-04. The projected FY03-04 retail rate increase will also help offset a projected wholesale water rate increase from the San Francisco Public Utilities Commission (SFPUC). It can be noted that the SFPUC has provided a long-term forecast of wholesale rates that indicates annual rate increases in the 10 percent to 17 percent range between 2008 and 2013. These rate adjustments will allow the .SFPUC.to recover the debt service associated with their pending CIP to rehabilitate the Hetch Hetchy system. ¯ The proposed retail rate increase has been spread to all rate schedules based on a system average of 20 percent. Table 1 shows the impact of the proposed rates on customer bills based on different consumption levels for the residential and non-residential classes. TABLE 1 Impact of Rate Increase on Customer Bills Small Residential Average Residential Residential Large Residential Small Retail Commercial 5/8" Meter Medium Commercial 3" Meter Large Cormnercial or Industrial 6" Meter 7 14 20 35 9 100 1200 $21.45 42.45 60.45 105.45 32.81 325.95 3768.00 $3.08 6.93 10.23 18.48 4.86 54.00 648.00 17% 20% 20% 21% 17% 20% 21% Comparison of Palo Alto Water Rates and Su.rrounding Cities: In recent years, Palo Alto’s water rates have generally been higher than surrounding areas, primarily due to an aggressive infrastructure program. A recent bill comparison was performed between Palo Alto’s rates and the current water bills in Menlo Park, Redwood City, Mountain View, and Los Altos. Currently, a Palo Alto residential customer who uses approximately 14 units per montti on an annual basis is paying 8.6 percent more than customers of surrounding cities. Comparing the current rates of surrounding cities with the proposed rates for Palo Alto, the residential rate differential would rise to approximately 30 percent. However, California Water Service Company Currently has rate increases pending before the Public Utilities Commission for the Los Altos district and other nearby cities’ staff indicated that water rates may be increased .in July. Therefore, the projected 30 percent rate differential between Palo Alto and nearby cities is not expected to materialize and the differential should be much less. Rate for Metered Wa~er Irrigation In order to allow for better tracking and separation of water used specifically for landscape irrigation purposes, staff recommends the creation of Rate Schedule W-7 designated as irrigation Water Service. Rate Schedule W-7 will apply to non-residential customers that are separately metered for irrigation. This will help. both for reporting purposes as well as for forecasting future water usage patterns. This separation of outdoor and indoor usage will also .become particularly useful in designing water rationing programs during future droughts. The rate used for this schedule is the same as the rate cm-rently used for non-residential water usage. This recommendation recognizes that conservation and sustainability issues have become increasingly important issues. Water Shortage Emergency Response In times of threatened.or actual shortage of the City of Palo Alto’s water supply, the City is set to activate a Water Shortage Contingency Plan. This plan is part of the City’s Emergency Response Plan, and outlines the Cit),. ’s response to both long-term and short- tema crisis. The City of Palo Alto Utilities Rule and Regulatign 13 currently addresses the Utilities actions in case of a shortage or interruption of our energy supplies. The proposed amendment to Rule 13 adds a section to address the City’s Water Shortage Emergency Response Plan. Reclaimed Water Service & Hauling The charges for reclaimed water, permits have not changed in Palo Alto since 1990, and the price per gallon for hauling reclaimed water has not deviated since 1988. After consultation with staff at the Water Quality Control Plant, it has been found that these fees should be modified to meet current costs as well as Current Orders effected by the California State Regional Water Quality. Control Board. As such, permit fees are proposed to increase 43 percent, and the hauling charge per thousand, gallons of reclaimed water will increase from $0.30 to $1.00, a difference of 233 percent. RESOURCE IMPACT Approval of this rate proposal will increase the Water Fund metered retail sales revenues by approximately $3.1 million on a fiscal year basis/ The Rate Stabilization Reserve in the Water Utility is projected to be above the target level but below the maximum level according to the reserve guidelines approved by Council. The revenue from the reclaimed water fee increase is expected to be insignificant, less than $500 on an annual basis. ALTERNATIVES Staff evaluated other alternative rate increases such as to defer the rate increase until FY 03-04 or increase rates only by 10 percent instead of 20 percent. If the rate increase is deferred until FY 03-04, then the RSR will be drawn down an additional $3 million. However, to meet the increased CIP the following year, the RSR would be depleted unless a rate increase of 72 percent in FY 03-04 was enacted to bring the RSR balance close to the minimum reserve level. Under the 10 percent rate increase scenario, a 46 percent increase in FY 03-04 will be necessary to bring the reserve balance to the same level produced by the proposed ~ate increase. Therefore, staff recommends, that the council approve the proposed 20 percent rate increase. POLICY IMPLICATIONS / " ..~-~s r~e ~’~-’~s ~ meets flae following Utilities Strategic Plan objectives: to invest in utility infrastructure to de~iver reliable service and to provide superior financial service to the City and competitive rates to customers. Approval of the proposed water rate increase does not represent a change to existing policies. TIMELINE The effective dates of the proposed ~:water rates are July-1, 2002. ENVIRONMENTAL REVIEW The adoption of the resolution does not constitute a project under the California Environmental Quality Act; therefore, no environmental assessment is required. ATTACHMENTS: Ao Rule 13 " W-l, W-1-B~ Water Rate Schedules W-l-C, W-4, and .W-7 PREPARED BY: Lucie Hirmina., Pricing Manager REVIEWED BY:Randy Baldschun, Assistant Director of Utilities Adm. Services DEPARTMENT HEAD: EXCERPTOF UAC MEETING 5/!/02 FY 2002/03 OPERATING/CIP BUDGET AND RATE PROPOSALS Bechtel: And we’ll just move On to the next item with is item #2, thelFY 2002-2003 operating and CIP. budget and the rate proposals. Ulrich: This would be item #2. Bechtel: Item #2 on the agenda, Ulrich: Do you want to do them, we’ve got them listed as A through E or do you want to do them"that way or what would your preference be? Bechtel: I hav.e notes from looking it over. It looks like for example there is a summary report on the enterprise funds thatlists all of the funds including some of those that are not under our review..That’s the summary and it’s page 1. Then there are discussions of the reserves for each of the funds and then we move to individuals so I’m open to comments from the Commissioners as to how you would like to proceed with next year’s operating . budget and then at the same time we can look at the CIP. Comments on how you would like to handle this? Mr. Ferguson. : Fer~son: Just a que.stion at the top here. As I read item 2, what we have here is 4-5 requests for the UAC to approve, pToposed rate increases and there is no staff request here for the UAC to approve or discuss the budget items. So do we want to proceed directly to the rate discussions or should we have some global discussions about the implications of the budget? ¯ Ulrich: IfI can just make one point. The reason for putting ittogether this way is we .brought the major changes and major items in the budget to you before and we’ve had good discussion on that and our agreement was we .would hit the major changes because as you recall, this is an interim yearbudget. This is not startingall over.. You asked ¯ questions .and we went through that last time.. My commitment to you at that time was I would give you the latest draft of the budget. That way you will not be surprised when it moves on to the Finance Committee and it al! gets approved. But it’s not intended that we wo.uld go through each of the items unless you had questions and wanted to getintomore detail. Because we had at.tempted todo those kind of items early on. Ferguson: Good, I just wanted ~o clarify that, because my preference is to proceed ahead directly to the discussion of the various rate proposals. Bechtel: Mr. Rosenbaum.. Rosenbaum: I did have one question on the text associated with the Electric Fund. This is page 3, next to the last paragraph, it starts offin 2001-02, a 43% increase in rates was adopted and then it goes on to say at present there is uncertainty regarding a potentially UAC Minutes 5-:i-02 DRAFT Page i9 of 40 significant impact related to supply contract settlement provisions and other outstanding supply issues. What is that issue? Which one is that? Baldschun: This ,relates to the cancellation of our Enron contract. Rosenbaum: You’re suggesting there is Some uncertainty?. We’ve heard-otherwise we don’t think. Baldschun: Oh no. Our position is of course that there’s "not going to be any,. you can’t assume any liability here, but you never know so the prudent thing to do is don’t react too quickly. So we’re not going to be assuming anything. We’rejust going .to keep the reserves where they are and not propose to reduce rates. There’s some other factors too that are... [interrupted] Rosenbaum:. All right, but)you are suggesting .the concern about the eventual outcome of " the Enron contract had some effect on your decision with regards to rates? We haven’t heard that before. " Ulrich: You mention concern? Rosenbaum: Yes. Ulrich: I think it says uncertainty.and there is a level of uncertainty. I wouldn;traise it. I think we did exactly.the right thing and we’ve had significant.discussion he.re and communication about why we did what we did. And I feel very confident that what we:did was appropriate, but I think it is important that there’s always a level of uncertainty and with this significant amount of it in that contract; I think it’s important to list it here. I would not say in the sense of concern thatwe thinkwe.did something inappropriate and we’re vcaiting for something to happen. Rosenbaum: I Wouldn’t suggest that, but it seems to me at the meeting, either last meeting or 2 meetings ago, I did ask the question and I think the answer was we had not put aside anything and we were not contemplating putting aside anything~ Baldschun: That is correct. We have not specifically set ~side any funds for that. Rosenbaumi But this should be an argument for maintaining a healthy reserve. Baldschun: Like any other cost uncertainty, absolutely. We have, Bern mentioned, half a dozen that potentially that could impact US .so I think it is the prudent thing to do, and the reserves are not exactly that. healthy. If you 10ok at the electric fund rate stabilization reserve in the budget and given the fact we’ll be pulling out substantial amount of money in this proposed fiscal year, this whole discussion is in the context Of expla’ming why we are not going to reduce the electric rates. I think there have been some perceptions that we were automatically going to reduce our electric rates 43% in this year, which would not be a wise thing to do. Rosenbaum: All right, but if I look forward to .next year and some of these issues go away, we’ll have another discussion about electric rates-then. One other issue where I know there was some concerns. I guess Dexter and I both went to the NCPA strategic plann!ng UAC Minutes 5-1-02 DRAFT Page 20 of 40 session and in conversations with some of the other NCPA members, we got the idea that some of them were unhappy with what we had charged them during the height of the energy crisis and were .attempting to recovering some of those funds. Is this the $6 million that we talk about as the NCPA settlements 6r is this still an outstanding issue? Ulrich: I think what you’re referring to is what happens in a pool. A pool has a certainset of agreements and it occasionally.and sometimes quite frequently goes through discussion about whether the pool agreements.a~e being followed and what are the changes to be made and that is a healthy thing that is done all the time, so that may be’the area you’re referring to. Yes, a signific.ant amount of discussions have been done on that and-some of those expectations on what we think the settlements will be are reflected in the bridget and in this document so that there is no shock or surprise if or when that occurs. And with the significant price increases last year, these numbers are much higher than they would be in a calm year, but we go through .the same process and the same settlement. That’s an experience that the pool does all the time. Rosenbaum: We’re still on good terms with everybody. Ulrich: Youbet. Rosenbaum: Good. Bechtel: All right then. Mr. Ferguson. Ferguson: I was just going to propose a motion on 2A if you’re ready to. Bechtel: First of all, for the interest of any viewers, or for the minutes, let me just talk about 2A. Item 2A is before us and it says staff requests the UAC recommend that the City Council approve amended Utility Connection Fee Rate Schedules and they are listed here to be effective July 1. And just a little bit of background, it says current fee schedules were last revised in 1998 and so it’s appropriate to raise the rates at this time. So that’s the background on the first rate schedule we’re looking at 2A. So Mr. Ferguson? Fer~,uson: I’d like tO move approval that the staff recommendation on item°2a. Bechtel: Mr. Ferguson recommends 2a that UAC recommend to the Council that the fee schedules be listed to be affected. Do I hear a second? Rosenbaum: Second. Bechtel: Second by Mr. Rosenbaum. Any discussion on the proposed increase to the Utility Service call and connection fees? Dawesl This looked pretty straightforward to me. Basically cost of service, updated hours and pay rates has my support. Bechtel" Any other questions of staff on their justification? If not, I’ll call for a vote. All in favor of the UAC recommending that.the City Council approve these rate schedules please say "aye". UAC Minutes 5-1-02 DRAFT Page 21 of 40 All Commissioners: Aye. Bechtel: All opposed. None opposed. Motion is approved unanimously. Moving next to item 2B. 2B, there are 2 items here and this report requests that the UAC recommend that the City Council approve a 1) revised electric rate schedule to update the publi~ benefit ~ charge and the unmetered electric service rate schedule, which would be effective July.l, 2002 and 2) to transfer $4 million from the supply rate stabilization-reserve to the distribution rates stabilization reserve. So there are 2 issues here on this recommendation from staff. Questions on this before a motion? Mr. Dawes. Dawes: I was a little confused as to how the arithmetic worked on the 2.85%. I had assumed that that’s what we were charging as an over-ride all the time,-but the last paragraph on that page starting 2B seemed to imply that we weren’t. Or maybe it’s just simply an issue of kilowatt-hours versus percentage of dollars billed, but if you could elucidate me Randy, I’d appreciate it. - - Baldschun: As yog. recall, AB 1890 was passed to require utilities to automatically charge ¯ a public benefit fee and implement programs.. The problem was you couldn’t implement effective programs in a very short period of time. It took us, I think, a year to roll out the, the Advantage Program. So for the first yearor two, we had a surplus in the public benefit reserve because we weren’t spending as much as we were collecting. So it didn’t make. ’ sense for u.s to raise the public benefit charge percentage to 2.85 when we had the 43% rate increase. Well after the energy crisis, we pretty much almost depleted the public benefits r.eserve and so now tliere’s a good use and need for that money, so we’re going to be collecting that. Dawes: So there was a gap where we were collecting less than 2.85%? Baldschun: That’s correct. Dawes: Where we increase the ratio?Okay.That answers my question. Baldschun: Actually this fiscal year, we’re collecting less than 2.85 %.. Bechtel: Other questions of staff at this time on 2B? Let me just take a sense of the Commission on separating these 2 issues, 1 and 2, separating the rate schedules from the transfer. I’m assuming unless there’s some other discussion that we’ll handle both of those items together in the same motion. Do I hear a motion? F~rguson: Move approval. Bechteli We have a motion from Mr. Ferguson that we recommend to the City. Council. that they approve a revision to the Electric Rate Schedule and that they approve a $4 million transfer between reserves. Do I hear a second? " Rosenbaum: Second. Bechtel: Second by Mr. Rosenbaum. Any other questi.ons? Discussion? Mr. Dawes. UAC Minutes 5-1-02 DRAFT Page 22 of 40 Dawes." Traffic lights. When we converted, we-paid a lot of money to convert over to " LADs which were going to reduce the amount of electricity that they used and here we’re . hitting up the City for a $32 thousand a year increase. I don’t get it. Baldschun: I think some of you on the UAC reviewed our enterprise transfer methodology. Well part of that transfer methodology recommendation was for the Utilities to charge the City for traffic signals capital cost. Up until that study was done, the policy was not to charge the City for capital cost in the traffic signal system. They recommended and Council approved that we do collect capital cost. Council approved I think a three year transition to what was presumed to be full cost capital recovery and it.was, I think, $32,500 a year. And so we’re just following that, but to get to the point, I believe you’re . not the first person who has brought this up because our energy usage in these traffic signals, we just saw an email, it’s gone down 2/3. Our cost of service, as it currently stands, we’re.not recovering our full cost and we can’t...[interrupted] Dawes.’.’ That’s including the C]P, which installed them. Baldschun: Right. Dawes." We don’t pay; we don’t get all the cost-of~he electrical service back. Baldschun: The energy costs are really insignificant in terms of the overall traffic signal operation. It’s really the capital cost that is the issue so we’re going to follOw what Council approved and in another year or two, we will look at the full co;st of service and we will make a recommendation if we feel we need to continue to increase those rates. But it’s a policy decision that the Council is really the only one who can make and so we’re just following what they’ve approved two or three years ago.. Dawes: Thank you. Bechtel:. Other questions on proposal 2B? Then I’ll call for a vote for the proposed revision to the electric rate .schedules and the $4 million transfer between reserves. All in favor, please indicate "aye". All Commissioners: Aye. Bechtel: Any opposed? Passes unanimously. Moving on to 2C. That’s the proposed gas rate decrease..This report requests that the UAC recommend to the City Council thiat they approve a $12 million retail gas revenue decrease effective.July 1, 2002. The proposed revenue decrease represents approximately 26.7% decrease system-wide. That’s the issue before us. Discussion fi-om Commission? Mr. Ferguson. Fer,~uson: Thank you Mr. Chairman. I’m a great believer in our reserve approach and using the reserve as shock absorbers in the over-all pattern of rate increasesand decreases. We had a. couple of opportunities in the last year to talk about increasing the size of the reserve maximums and minimums across programs and I think in the case of the electric fund, wedid accommodate the wild swings in electric energy prices and I recall Girish had a nice little table showing the new factors that justified changing the over-all range in the reserves. This year in the gas fund, what we have is a gas fund at least on the supply side that’s going to be $3 million above the max. Did I read that correctly? So we’re’on the UAC Minutes 5-1-02 DRAFT Page 23 of 40 usual,:reasonable assumption that we want to keep rates stable over a multi-year period. It might have.made sense to leave $3 million above the maximum in the till. But my guess is gas prices are going to be much more stable in the Coming year or two, especially if we do laddering, then the experience we had along with everything else with wild swings.where they took us by surprise, So I’m inclined to stick with the reserve guidelines that we. adopted and had kept in place for several years and rather than hold $3 million back above the maximum guideline, let’s just roll that into the over-all decrease and adopt a reduction of revenue of $15 million instead of $12 million. And if I’m just reading those numbers wrong, !’m happy to be corrected, but it looks like we’re keeping an extra $3 millionin the supply reserve above the maximum guideline. Baldschun: On which document are you looking at? Is it in the budget orin the ra~e . proposal? Ferguson: In the gas fund, page 4 or in the text at the bottom of page2 6n the gas fund. Baldschun: Let me direct your attention to page 2 of the Enterprise Fund Reserves in the budget. If you look at the projected reserve balance for the supply rate stabilization reserve, there were a number of changes that.occurred and have been occurring in the recen( weeks and that’s why I’m delaying my response because as I indicated to some of you earlier today, I’ve got some revised reserve balances and one of them is the supply rate stabilization reserve. But on page 2 of the enterprise fund reserves, you see-an ending ’ balance of $4,989,000. .FerRuson: Yes. apologies. I’m reading the extra $3 million in the distribution reserves so my Baldschun: So that one’s within the range. Yet the statement you pointed out says it’s above the maximum guideline and that’~ because there were some changes that have been occurring. If your point is are we going to change the guidelines or should we keep them, we changed the guideline formula, for electric and for gas last year.. The impact was that it didn’t change the actua! guideline amounts in the gas while it did in the electric. So where we are now is. we’ve got new guidelines as of last year, but it’s not resulting in any significant difference at all than the oldguideline. If you’d like, I’ll talk abrut that particular reserve because in the accounting in the budget process, there, was a double entry in the bond proceeds related to our soft engineering costs. Fer~uson: Let me jusi correct myself first. There is an extra. $3 million, in the distribution reserve, not the supply reserve, so there really is $3 million there above the guideline and that’s what I’d prefe~ to send back to the ratepayers, bu~. maybe there’s more to the story. Am¥Javelosa-Rio: Good evening. I’m Amy. I’m with the budget accounting arid I’m the one responding for preparing the budget documents. First of all, i would like.to point to your attention that there is a change in the reserve balance. We originally gave you a draft document on the fund reserves..ThiS has been amended, so. for. your discussion purposes, I would refer you to the .amended, which is a part of the document I think this evening. Bechtel: You’re referring to page 2 of the summary sheet enterprise fund reserves? Javelosa-Rio: That is correct sir. UAC Minutes 5-1-02 DRAFT : Page 24 of 40 Bechtel: And that has electric fund at the top, gas fund in the middle, wastewater... [interrupted] Javelosa-Rio: That is correct. We have an amended statement. Baldschun: While she’s putting that up, Fll talk. in terms of what the impact of what the changes are. Essentially, a change in the balance in the Gas distribution RSR resulted in a drop from $7.8 million down to $5.2 million. That’s about a $2.6 million decrease in the gas distribution RSR and it relates to an accounting oversight with certain C~ bond costs going into that reserve which is incorrect. The other change is in the water fund that is a change in the budget draftl It shows an RSR ending balance of $14.586 million and there were two changes that brought that down to a level of $10.2 million. So that’s a total of a $4.3 million drop in that projected reserve balance. Now what that essentially does is bring that reserve below the maximum guideline in the water fund. I apologize for... [interrupted] Bechtel: So let me understand. .Let me summarize what I have heard and that is that on the gas fund that the distribution RSR for the.projected ending balance ’02-’03, you’re saying is $5.2 million as opposed tO almost $7.8 million. Is that correct? So $5.2 million is about $1 million or maybe it’s $900,000 above the reserve guideline of $4.382? That’s what we interrupt. We’re still a million dollars above the maximum. Baldschun: Correct. Bechtel: Okay. Under the water fund, which we’ll talk about, that is the rejected ending b~ilance, I assume that the first column which is ’01-’02 is 10.2 down $4 million so that brings for next year, that brings that down to below 11.4 million. Baldschun: Correct. Bechtel: Okay. And so let me come back to Mr. Ferguson’s question was, where he was leading to is, that on-the gas fund, whywouldn’t we want to giveback a million? He was going to give back 4 million. Why not 1 million? I think that’ s where the discussion was around when we got onto this. Baldschun, The way we.sized the rate proposal was we Wanted to be prudent in terms of any cost contingencies and there’s one outstanding uncertainty that we wanted to plan for just in case and that’s approximately $7 million above our target level. What we did was we took that target level and we added $7 million. Lucie, you can correct me if I’m wrong here. That was what we want to end fiscal year ’02-’03 with. Hirmina: The plan.was to leave $7 million above the target level on the supply side. The distribution is only $785 thousand over the maximum at this point. We’re waiting to see where all the expenses are going to be with those issues. We’re waiting for them to settle. If they settle as we think they would, then next year we would have another decrease. Baldschun: I hate to do this because we have so many financial statements with different goals in terms of presentations. I mean the budget i~ based on certain assumptions. Then we have the 10-year financial forecast. The 10-year financial forecast is a document we UAC Minutes 5-1-02 DRAFT Page 25. of 40 use todevelop the rate proposal. As I mentioned earlier today, the difference between our 10-year financial forecast reserve balances and the reserve balances you see here, are significant in that the budget proposal Was developed Over a period of months, finally getting to the point where we put it in draft form. In the meantime, we have been updating on an ongoing basis, including the most recent being the quarterly report, what we project to be reserve balances. Maybe it might help if we turn to the supply rate stabilization reserve ending balance, let’s see what that looks like. The example in the quarterly report, the supply rate stabilization reserve for fiscal year ’01-’02 is.risirig from an adopted budget figure of $ t.9 million to $6.8 million. A lot of that increase is based on the staff’s internal assumptions about events that some of which are reflectedin the draft budget and some of which are not. In terms of the rate proposal we baseit on the most updated information. I think it would be imprudent notto use the most recent information we have.. This budget document, the way the City process goes, is you have a mid-year report in which adjustments are made and becomes the adjusted budget. When that happens, the process takes in November, December and then finally the Council approves it and it’s not until probably February or March where it’s released. Well lot of things happen between then, so we don’t just use the adjusted budget. We keep on updating that adjusted budget in terms of our projections for our rate requirements and that’s what we use the lo-year for. I apologize for dragging this out, but the 10-year financial forecast indicates from our best information that we can end fiscal year ’02-’03 with this 27% rated decrease where the supply reserve will end up at a balance somewhere around $7 million over target which was the defining factor. Next year, we’ll have a lot. better information on what’s going to happen with regards to that cost contingency and we’ll also have more information, on the cost for ’03-’04 which we’ve talked earlier about. We purchased up to have of that fiscal year. at this point. So next year, .there’s a very good possibility we’ll have a subsequent rate decrease if.the cost contingency is not required and purchase gas costs continue to fall below our ~urrent.level of gas costs, . Bechtel: Mr. Ferguson, follow up tothat since you’ve kicked this oneoff. Fer~uson: Yes, I’m trying to do the fight thing here and I shouldn’t have kidded myself that there would be $3 million lying on the table at the last minute before our budget approval. But let’s go back and focus on what’s really goixig on here. We do have reserve guidelines. The reserve guidelines are there because there are generally.external factors that bounce around supply prices or bounce around the distribution cost.experi.ence and we want to accommodate those things, without having annual rate. increases or decreases. Makes plenty of sense. I’ve always assumed that those brackets were created based on experience and mostly because of external factors; things beyond our control; things we can’t plan and manage for on an annual basis. Sounds like here, we’re talking about a couple million-dollar swing that’s entirely inside our accounting system. And I’m just wondering if maybe we ought to rethink our reasons for having max’s and rain’s here if part Of the max and min calculus is that it’s just mechanically impossible to close the books or get a good number here at budget time to the nearest 1 million or 3 million. Well so be it. Then let’s build that into our reserve guidelines, as well as our provision for external factors. Am I reading that co~ectly or is this a one-time event? Baldschun: I understand it’s a one-time event. Bechtel: Mr. Dawes. UAC Minutes 5-1-02 DRAFT Page 26 of 40 Dawes: I have the same line ofthinldng as Rick. Obviously these new figures are new data, but sort of going backwards, a year and half or so, Iwas certainly very strong on inserting an extra rate increase in our series of either 4 or 5 increases in one fiscal year when the gas was just running away fi-om us in our reserves headed toward and actually got to zero at that time. My message here is I think we have to do the same thing but only on the down side of the curve. As I read the quarterly reports on the gas reserves, it looks as though we’re considerably .ahead of where we thought we would have been on the enterprise fund reserve schedules arid Randy you’ve confirmed that. We’re doing better . than we had the opportunity to put in the enterprise fund budget cycle. So rather than trying to suggest that we do something different than the rate adjustment that’s on the table, I would like to re-emphasize the appropriateness of revisiting this in 6 months. It’s great to have things, stable for a year, but if it goes the way I sense it is going, andthe fact that you also said you’ve got our purchase prices locked up. for this coming year, this should be a fairly calculable thing. Other than the issue, the same issue in the gas fund as we have in the electric side vis-a-vis contract termination issues, which to me says we should have a little robust fund there, but again over time we’ll know more about that so let’s look at it again in 6 months. Baldschun:. I absolutely agree. I think we should look at it on a quarterly basis. The end of this fiscal year is going to be real critical and real important for us as every end of fiscal year is because that’s.where you find that there might be CIP projects deferred or there may be other costs or that’s When our sales revenues come in. That’s when our actuals are known and you really have a foundation of going forward to propose any rate changes. Now we can propose rate changes anytime. We don’t have to do it in July. If we get good contracts in ’03-’04 and we end this fiscal year as we’re hoping we are, then-there’s nothing preventing us from coming back with a rate change if the fmancials indicate that. Dawes: Yes, one item I did forget to mention is that°the rate of change of those reserves is very high. I mean, we got about to zero and we’ve restored them in virtuallym one year to where we are today and so it would seem to me and gas isn’t varied that much on the cost side so we should be adding very rapidly to that.and again goes the same, we should look at it quickly. Bechtel: Other discussion, more discussion on the gas rate decrease? Mr. Rosenbaum. Rosenbaum: Rick, I just wanted to coharnend you for looking So carefully at this. It would seem that if we are using the new number, the 5.2 million, and you add that to the supply rate stabilization number, the sum of those two is about equal to the maximum for the sum so we,re about in the ballpark using that number. So perhaps we should wait and we’ll remember staff indicated that it is indeed possible to have rate changes in the middle of the year. Bechtel: Other discussion? Lucie, while you’re here, could you update the last line of the enterprise fund reserves with the numbers that you have on the table here? i’m looking at page 3 and what I’m noting is if you take a look at all of.the enterprise funds,, all added of course together, our reserves are dropping $24 million according to the numbers We have in front of us and dropping to $154 million. Do you have what that number would be? Really what do you think our projecting currently what or how our reserves are going to drop or increase? UAC Minutes 5~1-02 DRAFT Page 27 of 40 Ulrich; Just say, Amy will -give you an answer to.that.. ¯ Javelosa-Rio: The $154 million that you saw here includes enterprise funds other than the utilities department and with the new numbers I have given, this Will definitely be updated. So the $154 million will decrease approximately by the difference of the numbers that I gave you previously and the new numbers and it’s approximately I believe $6 million. Bechtel: So $154 will drop to $6? JavelosarRio: That is correct. Bechtel: Okay, so there’s been no. At least from that point of view, the City is not ¯ deteriorating too rapidly even with decreasing the rates at this point. Any other discussion? I’ll entertain a motion on the proposed gas rate decrease. R0senbaum: I move approval of the proposed gas rate decrease. Dawes; Second. Bechtel: Moved by Mr. Rosenbaum. Seconded byMr. Dawes that werecommer~d to the City Council to approve a rate decrease effective July 1, 2002. All in favor please indicate "aye". All Commissioners: Aye. Bechtel: Opp9sed? None. Then motion passes unanimously. Moving on to item 2D proposed water rate increase. What the City taketh giveth, the City taketh away I guess. We are being asked to recommend to the City Council that they approve a 20% water rate increase effective July 1, 2002 and there’s a basically part of the reason for this is the revenue bonds and other issues associated with our long-term water cost. Discussions or questions of staff on this item? Mr. Rosenbaum. Rosenbaum: The water rate increase was in part predicated on the increase in the wholesale rate from San Francisco. We’re told that the.increase from San Francisco is not going tO occur. Are you going to propose reducing the rate increase request? Baldschun: No we won’t. Again, timing is everything. We got the proposed rates from San Francisco indicating a wholesale rate increase and went through the budget process as the staff does. We prepared the language that we’re expecting this and also indicate that as the reason for the rate increase because it’s a $400 thousand hit and. that adds to the rate increase. With Schedule B changes, we will revise this downward to reflect no increase in wholesale costs. But ifyoulook at the rate issue here, it’s certainly not SFPUC. Even in ’03-’04 when there is a planned SFPUC increase. It’s the C~. The CIP is going up so much in one year that we need to transition to’ that through a combination of the bond proceeds, using the reserves and two rate increases. Now I think what this means in terms of the impact on the customer from San Francisco not increasing their wholesale rate is it should reduce the size of our retail rate increase if we have to have a rate increase next year. Our projections are that we’re going to have another rate increase in ’03-’04 of 25%, but I don’t think that’s going to materialize given the fact that SFPUC is not going to have a wholesale rate increase this year, which tells me that we’re going to have at least $400 UAC Minutes 5-1-02 DRAFT Page 28 of 40 thousand, perhaps $800 thousand more in the reserves as a result ofthat action. So ~hat should have some favorable impact on our rate proposal for next year. Even taking out the San Francisco issue, you still are leftwith this very large CIP and we need to do the C~. Rosenbaum: I recognize that the CIP impact is there, but it seems to me and I guess I made the same comment last year, if we were the California PUC and you gentlemen were PG&E and you came to us and said we’ve got this rate increase based on certain estimated increases and costs and, oh by the way, one of these increases ain’t going to occur, but what the hell, we won’t take that into account. Themembers of the CPUC would kind of " look askance at that and suggest that you adjust the rate increase to reflect yourtrue increasein costs. Baldschun: Well the rate proposal is not based, on the requirements for this fiscal year. That’s obvious. If you look at the budget document for ’02-’03, you don’t even see the CIP going up much compared, but if you look at ’03-’04, that’s where you see it. So I don’t know how PG&E plans or how the PUC wants them to plan to have levelized rate adjustments, but that’s what this is all about. We’re trying to levelize the impact of this huge project that’s coming up, not in this fiscal year, not inthe proposed budget, but in the following year and Council’s approved the CtP. We’ve issued bonds for it. Everybody is on board to do it and this.is simply the plan to fund it without having more of an adverse impact on the ratepayers. Rosenbaum: Sure, but it wouldseem that your CIP would be in exactly the same shape if -the rate increase were reduced by $400 thousand. I don’t want to belabor it. At some . point, !’ll offer an amendment to reduce the rate increase by that amount. Baldschun: Okay. Ulrich: Your analogy, Mr. Rosenbaum, with CPUC and PG&E, the one difference is in maybe the CPUC would not approve the rate increase because they know that additional amount of money on rate .of return would then go to the shareholders of PG&E in the form of additional dividends or higher profits, whereas, the kind ot~money we’re talking about here whether it is a lower rate or it goes into reserves or we spend it on CIP is all the money of the customers in Palo Alto. It goes nowhere else. So ! think your point about whether there should be $400 thousand more in the reserve is a good point, but it is one thatis not going to go somewhere else and it won’t be diluted by dividends to somebody in Kalamazoo, Michigan. Bechtel: Other? Mr. Ferguson. Ferguson: I’d like to Connect this up to the legislative effort. I don’t have the answer right now, but let me just..pose the question. How does our, what’s the message that we convey vis-i~-vis the other suburbs in the San Francisco in the way we increase our rates this year or next year or levelize them? Is there a wisgr way, a more judicious way of incurring this increase inside Palo Alto for purposes of making our case stronger in the legislature? Is it better for us to take a big painful hit next year all at once? Do we look like we’ve had a kind of cushy time of it if we levelize it over two years where- the other suburbs are incurring a painful increase forced by San Francisco next year? I’m just wondering how the message works outside the city. UAC Minutes 5-1-02 DRAFT Page 29 of 40 Beecham: I’d say there may be some small political benefit if we say that we have or we are now in the process of recommending a rate increaseto fundour own CIP .that does take into account reliability for our own distribution system. Whether we say we have the rates this year or that we have approved the C~ for ’03-’04 is probably a small difference a.ctually. Ulrich: As you also recall when we had this discussion about the 10-year finanoial forecast, it showed in here, correct me if I’m wrong Randy or Lucie, but it-showed 20% this year, 25% next year and then several years of zero and then an actual reduction and one of the ideas is robe able to smooth out these rates so thatthe increases are not jumping all over the place. So I think this would fit in with the smoothing part rather than have the 25% next year, it may be less than that. So this is our judgrnent area on what the appropriate way to handle this lack.of an increase fi:om the City of San Francisco. Bechtel: Thank you John. I think you raised a good issue, tf you look at long-term, and actually~ we’re looking at another increase next year. Mr. Dawes. Dawes: Yes, I wanted to raise similar questions on water as we did.for an earlier fund. -I- noticed in the quarterly update that the water.fund, water RSR is projected at 10.5 at the end of this year and then if I fast forward to the water fund in the draft budget, it shows a 14.586 balance at the end of this ybar and wondered if looks like there’s been substantial slippage in that area. Same as we have so that this would be another reason for adhering to the rate increase, which absorbs.the San Francisco adjustment. _. Baldschun: Well, let me just say to clarify, the 14 million is now right around 10 million based on Amy’s comments which is consistent with the 10-year financial forecast and that’s below the maximum guideline of 11 or some millionl I don’t wantto focus too much on this SFPUC. Wetalk a lot about this huge project and the based on the projections we’ve gotten from San Francisco, they have proposed rate increases from now through the next 15 years, but they,re really not significant until 2008-2013 according to their schedule. So I think if we can just get the SFPUC wholesale rate increase out of our Consciousness for a while and focus on what’s really driving this and that’s our capital program. Dawes: I only mentioned it because Commissioner Rosenbaum indicated he was going to try to get it back a little bit later. One last question about the bond proceeds and again on ¯ the water fund summary, it shows that at the end of next fiscal year, which is at the time we will be starting to spend at our peak CIP rate for the big hole in the park and all that stuff. We only have $584 thousand left of our bond proceeds. Basically we’ve spent $13 million. I realized that soft cost got reimbursed out of it right at the outset, but to blow through $13 million in two years when before any of the big bucks start hitting seemed a bit of a problem. Baldsohun:. Well the timing and use 0fthose funds isnot so much trying to use thosein the very specific year in which th.a.t project’s going to hit. You really haveto look at it in terms of where did we start fi’om and where are we going to end up at? We started with no water ~-ate increase. This was last year. With a CIP e.scalating over a 3-year period up to $22 million, and we’ve got bond proceeds of$11 million. Now we can use those in the last year and all that’s going to do is make our reserve balances quite a bit lower in these early years. I mean at the end the 3-year period, we’re going to be exactly where we would UAC Minutes 5-1~02 DRAFT Page 30 of 40 be whether we used the money early on, over a 3-year period or we use it at the end. The reason we’re using it ~arly on is because we want to keep the reserves healthy. We also from our financial advisor’s standpoint, we want to have healthy reserves for our ratings, so there’s no reason for us to hold back on using those funds. If we did, we’d probably have to have a larger rate increase. I mean, essentially, those bonds are buffering the size Of these rate increases that we,re proposing. Dawes: Thank you. Bechtel: Any other questions ofstaffon this? Mr. Carlson. Carlson: I think this applies to all these reserve issues. It must b~ in the budget here somewhere, but our reserves are so large, the interest we’re earning on them has to be pretty significant item.. - ’ Baldschun: We do get interest income from all of our utility reserves. T.he yield varies. I think the yield these days, the weighted average let’s Say of the portfolio for the City, what is it Amy? Javelosa-Rio: The interest income is actually reflected in. the summary. We are showing an interest income here and how it’s computed is based actually on the average balance on the cash and not on the reserves. So while we may be showing a reserve balance here, the accounting is using the daily cash balance or the monthly cash balance to compute the interest income. .. Bechtel: Out of curiosity, what is the difference between our daily balance and our reserves? Are we talking about $50 million or $10 million? Javelosa-Rio: I think, sir, the difference is when we have the cash.balance, when we - compute on the balance sheet, there might be, this is not a question of the cash basis and accrual basis of accounting. So for example the rate stabilizationreserve is computed on a full accrual basis, which has some accounts payable, while we compute the interest base on the cash balances of a certain month. Theremay be some accounts payable sitting there so if we compare the cash and the reserve on two different reporting basis, they don’t match. And I think that is the difference. . Bechtel: I understand. Any other discussion on this? .If not, I entertain a motion to increase our water rates on an average of 20% effective July !. Do I hear a motion? Dawes: So moved. Bechtel: Moved by Mr. Dawes. Do I hear a second? Carlson: Bechtel: I’ll second. Seconded by Mr. Carlson. Any Other discussion? Mr. Rosenbaum. Rosenbaumi I would propose an amendment to reduce the rate increase by-the size of the reduction of the proposed increase of the San Francisco wholesale rate. UAC Minutes 5-1-02 DRAET Page 31 of 40 Bechtel: I have a motion, an amendment to reduce by approximately $z~00 thousand; I believe it was approximately that to be applied in some way across that. Do I hear a second? Carlson: .What percent is that? Bechtel: There is 3.1 million is the rate increase according to thereport. ¯Baldschun: It’s 2.6%. Bechtel: 2.6? Baldschun: $400 thousand and you’re taking it fi;om 20 down to 17.4. Bechtel: Not hearing a second on the motion to amend, we’ll move on to call to question. All in favor of the proposed- water, that we recommend to the City Council to approve the rate schedule, all in favor please say ."aye". Carl~on, Ferguson, Bechtel, Dawes: Aye. Bechtel: Opposed? Ros~nbaum: Nay. Bechtel: One, we have passes on a count of 4 to 1. Mr. Rosenbaum voting in the negative. I guess that completes the agenda. No I’m sorry. One more. We have wastewater collection 2E. This is a request for us to recommend to the City Council that we approve a 25% wastewater collection rate increase to be effective July 1, 2002. Questions of staff on this one? I entertain a motion to approve that we recommend to the City Council approve the 25% rate increase. Rosenbaum: So moved. Bechtel: Mr. Rosenbaum moved. Second by? Dawes: Dawes. Bechtel’ Mr. Dawes.All in favor please say "aye". ¯ All Commissioners: Aye. Bechtel: Any opposed? Being none, .motion passes unanimously. And I’ve reached the end of my report, end of my agenda, so that completes our new business item for tonight. Next regularly scheduled meeting is June 5th and which we will talk about the electric long-term resource plan. Randy, you have a question? Baldschun: I believe you need to take action on the operating budget and the CIP.. You’ve approved the. rate proposals, but unless I missed something,- I don’t think you’ve taken any action on the operating budget and the CIP. UAC Minutes 5-1-02 DRAFT Pag~ 32 of 40 Bechtel: I guess you’re right. I guess we need to. Ferguson?: Where’s the agendized item? Ul.rich: .It’s listed under 2. It says Fiscal Yea~ 2002-2003 Operating/CIP Budget and Rate Proposals and it’s shown as an action iteml Bechtel: Okay. I guess. Ferguson: That was my question at the top of the discussion whetherl I’m happy to take action. I just wantto make sure we’re not going through a useless motion here. Bechtel: So basically we’re looking at the draft budget. Ulrich: As 3)ou recall...[interrupted] Bechtel: Beginningwith item #~ yes, it’slisted as agenda item #2 and all the waY through up to we reach the point of the rate increases. . Ulrich: As .you recall, this has been an ongoing process.. This is not an attempt to-show you this at the last minute of course, In years past, we’ve had very limited discussion because the way .the city budget moves by the time you get around to discussing these items, it’s being printed and put intothe manual. So we started a number of months ago, as you-recall, talking the individual CIPareas and focusing on the ones that ~re a ch.ange from previous years, if you have any questions on it or issues, we are glad to answer them. Bechtel: Mr. Ferguson. Ferguson: Mr. Chairman, I really don’t want to belabor the details of the budget or the project list so ! appreciate that, but,I did ask the question at the beginning of our agenda because I did have a couple of questions and they aye things we visited a couple of times before and maybe there’s a new wrinkle in the story. But it crops up, I think, in most of the fund budgets, so let meask the question generically. There’s a one’time facility rent charge that crops up, I think, for all the funds, for example on tile electric fund on page 6, the,ongoing facility rent is $255. There’s a one-time charge of $561k. Why is the.one- time charge so much larger than the ongoing charge and is this part of the process where the City charges us market i’ate, top dollar rates for the use of the City office buildings? What does that number mean? Ulrich: I believe it’s.what you just described. It’s the rent that we pay to the City for the use of City’s facilities. Utility in most cases does not own facilities. We pay rent to the owner, which is the City and there is a market evaluation done. There was also an attempt to mitigatethose costs because of the economic situation in the market and the fact that rents didn’t change much. So we did not have the same amount of rate increase in the - rents in past years. It’s now catching up and it will be an increase in the budget in July that .will ]7effect that change up to. market. " Fer.~uson: Can you explain why there’s an ongoing charge and then there is a one-time charge that’s so much biggel~? UAC Minutes 5-1-02 DRAFT Page 33 of 40 Ulrich: As you recall, this is a two-year budget so they deferred last year and we’re now going to pay it this year. ’ Ferguson: Okay, My second question that again applies to almost all the funds is the allocated charges. There’s a note 11 indicating that there is something perhaps related to software and computer systems that’s allocated, I assume, at some City central staff computer charge. And there my question is, is that being applied "rateably"? .Is it applied across City Departments based on their base budgets or how is it allocated? Ulrich: That’s correct. It is allocated, actually, in the case of the new program that we’re working on that will have a si.grBfieant cost to the City is the ERP which is the replacement for the current accounting .system and it will also include a job management system. So we’re paying in Utilities, we are paying a fair share.of that based on the expected.use .of the system. So in the case of like the job management system, we would be paying a fairly percentage proportion of that because of the amount of CIP ,work we do and how Jrwill be used. Baldschun: Let me just elaborate on this because it’s a very irnportant application. I know Bern is well aware of it. I don’t knoW that this has come to the attention of the UAC, but the City’s financial accounting system is called IFAS. That was installed a number of years ago and it’s going to be replaced. They went out to bid. There are. Still two vendors that they’re looking at to replace it, or what they call ERP, or Enterprise Resource Plan, I . thinkit is. But as John said; it’s the general ledger, it’s all the financials, it’s the payroll, it’s fixed asse~s, inventory, purchasing and it’s a huge application and it’s expensive, but it’s one that will benefit the Utilities immensely as well as other City departments so that’s what you’re seeingwith these increased allocated charges: Bechtel: Question in general on the budget preparation process. Have you taken a look at this with regard? You .certainly, the Utilities have their own revenue, but with respect to overall, just looking at this from the top down or bottom’s up view, that we’re doing the best we can in managing the expenses and overhead and that these are tough times for most companies. ~The City, of course, benefits. The Utilities benefits from what we see having gone through the revenues, but I can see a lot of other things where the City can benefit from just reduced expendituies here and there. What sort of guidelines did you uge for yourself in looking at all the discretionary spending? Ulrich: Well we attempt to follow the same guidelines ’as the general fund in looking at ways of deferring some work. Most 0fthe. savings you’ll see in there are.from not filling ~ positions. We are by far the largest organization or the largest number of vacant positions so we’re looking at each one. Our goal this year, was not.to add positions unless we were able to find a way to either pay entirely for that additionai position or additional revenue to offset those costs. As you can see, it went very well in that area. At the same time, we’re increasing the amount of work we’re actually accomplishing. So we’re looking at everythin.g. We’~e also candidly looking.at ways we can help the. general fund and the rest of the City get work done. We’reall part of the City and we are finding the synergies around how to do things for the general fund that will also help our utility customers. Bechtel: On a procedural issue, should we, we have before us an operating budget for next year. We also have a long-range CIP. As part of our process, our recommendation tonight UAC Minutes 5-1-02 DRAFT .Page.34 of 40 to the City Council, do we include the long-range CIP as. a recommendation or are we just looking at next year’s operating budget? .Ulrich: Well the budget approval is just for this year, but in order to give you an idea of why we’re spending the money, you have to look at the Capital Improvement Program for much longer periods. For example,the water, you have a good understanding of how much it’s costing for the water CIP and it’s not just a commi’tment to fund it for next year. Next year fits in with the entire plan, but technically you’re only approving the actual expenditures for the forthcoming .year. Bechtel: I’ll entertain a motion then that UAC recommends to the City Council they approve the Utilities Operating and CIP Budget for fiscal year ’02-’03. Do I hear a motion? Ferguson: So moved. Bechtel: Mr. Ferguson moved that we recommend to the City Council. Do I hear a second? Rosenbaum: I’ll second and make a comment. Bechtel: Second by Mr. Rosenbaum. Further comments? Rosenbaum: I.guess UAC has been looking at this information and making recommendations to the Council since the UAC started. This is perhaps a cursory a look as we’ve given. George, are you going to.the Finance Committee to represent the UAC? Bechtel: Yes. Rosenbaum: Yes, the Finance Committee doesn’t know that we looked at that as cursory as did and I don?t know that you want to tell them. I’m not quite sure how to proceed. Is it any different this year than it has been in past years? Clearly it was hard to get a second, because I suspect none of us areterribly comfortable with making that recommendation. Ulrich: Let me make a comment. I guess I would say I’m very disappointed in that perspective is that I thought exactly what we did is we actually spent more time on it, because we went back and started much earlier in the process and brought forward all the workwe did last year and that this is the second part of it so this long-term plan you did see last year and portionfi of it the year before and on specific major areas, for example, the water area, we went through a 10t of study sessions and discussions on it. So I thought we had spent tiine on this and we devoted the last meeting as I recall, no the meeting before that, tO the highlights tothe changes. The other reason I think we spent time on it was we put a lot oftimeand effort into the Strategic Plan, which Called for ’in this matrix, the things that were important to do and we tried to relate all the work that we’re doifig.to those Strategic Plan initiatives so that we’re not off trying to sell you, doing something that doesn’t fit in with reducing, keeping rates low or improving service reliability. So if we’re not doing a good job in communicating either on specific projects or where we’re spending the money, then we ought to get back together and discuss how to do a better job of that. Because we do not want you to go into the Finance Committee if you’re not comfortable ¯ with what we’re doing. UAC Minutes5-1-02 DRAFT Page 35 of 40 Rosenbaum: .I think you make a good point, John, andindeed two months ago, we discussed significant changes I guess from year to year in the budget and I think that-was helpful. I think what you’re saying from a macro level, we’ve looked at the budget and compared it to the Strategic Plan. and surely didn’t find anything out of place so I would think George when you speak to the Finance Committee, that y6u emphasize that from the macro level, we’ve looked at it and it seems fine without suggesting that we’ve gone through the details of the line items in the budget. Bechteli Dick, I agree with you. I certainly can give you the floor. The process by which we.went through this is perhaps Rick and I.were talking earlier in the meeting about having gone through this in the previous yearstine item by line item and that is certainly a process by whichI’d be prepared to do so: That’s why I encouraged everyone to do their homework prior to this meeting and I felt that everyone had done their homework and had looked at this thing. There seemed to be very little motivation for going through the details at this ti.me, so perhaps someofit is a cursory, look. ! certainly did not spend a small amount of time at looking at this prior to the meeting. Mr. Dawes. Dawes: I’d like to put in a plug for the process. In years past, when we have gone through a book much thicker than. this it seemed, CIP by C~, frankly the input that the Commissioners can make on that kind of a thing is I think minimal. I think to characterize our process as cursory is wrong. I rely not only on what we have seen tonight, but what we have seen and been through in previous meetings. Frankly, I think, and I’ve said this before, and I’ll say it again, the. 10-year forecast, which Randy had at hand, and which the staff has done an incredibly ~oodjob in putting together, I think it’s the most valuable piece we have and we started with this 6 months ago. I’ll note that the.rate increases, which are really one of the bottom, bottom lines of what we do is fly-specking those, are totally consistent with the 10-year forecast that we went through..I think it’s been an excellent way of going through policy issues, which face the Utility and have gotten deliberately away from the detail, so I would commend this process myself. ’ Bechtel: Mr. Carlson. Carlson: I missed the last meeting because of a funeral, so I don’t know if you went over this. I’m very uncomfortable with approving this kind of budget with this level of discussion because there’s Some resource management operations gQes.up by 150% in 2 years. I mean that’s a pretty big item. I don’t remember ever discussing anything like that and there’s some similar increases in the operations side and then there’s the rent item, which Rick properly called out, which rents are not going up, they’re going down. They’re collapsing right now. This is obviously a general fund bail out. Maybe that’s not a bad thing, but that’s where it is. I just feel very nervous. In my understanding of the agenda was that we were just starting [o look at the budget and what was being approved, the way I read the agenda, was the rate increases, which is why we jumped to that and boy I sure would like to discuss this a littlebit more, but here we are at 9:35 so I don’t knowwhat to do. Bechtel: Mr. Ferguson. Fer.~uson: The process unfoldedpretty much as I expected it would unfold. I think there were a couple of procedural missed cues here. I don’t think tonight’s missed cue was fatal UAC Minutes 5-1-02 DRAFT Page 36 of 40 although it’s a little bit of a stretch to say the budget was an action item proposed tonight. I guess we can float a Supreme Court opinion on that somewhere, but I thinkMr. Carlson did miss the Strategic Planning discussion where we did talk about some signifi(ant changes and items in the categories you indicated. It wasn’t in the context.of the budget dollar layout in this chart of accounts, but we hit the high points in those earlier discussions. So I agree the p~ocess is an improved process. The.other missed cue here is .that it wasn’t clear when any of the Commissioners who wanted to talk about a couple of specific projects, it wasn’t clear when the invitation was extended. I would have come up with the a few more comments and I think Mr. Rosenbaum wanted to make a few more comments and so maybe there’s a better way to lay out theagenda given the major improved changes that wemade in the process. Maybe there’s a better way to define these things in locked, steps so that there are no missed cues the next time around. I’m happy with where we are, all things considered. Bechtel: Thank you Mr. Ferguson. Other comments? Well I think that in proceeding with this, we.could have tried a systematic going through page-by-page, which I think might have been instructed. We did have in front of us, in proper order anyway, the details of the budget and then the back up being the rate proposals that we’re too basically fund next year’s budget. I think every year, we seem.to learn a little. At least, Fve learned from my mistakes having gone through. 3 of these,sessions. This year, perhaps, I think looking at the long-term plan as we did several months ago and then strategic plan certainly gave me plenty of background. Certainly the material as presented here, there was plentyof detail and so we have our email system. I encourage all of us to use that system to bring up points you didn’t understand so I guess I’m perhaps a little unhappy that some of the Commissioners felt that there needed to be more discussion on specific items. You’re certainly welcome to come forth with those. At this point, I sense at least some level of comfort with:the budget the Staffhas put together. There may be some specific questions on some of those items. We certainly have time to talk about them. Then certainly next year, we can come back and address them again. Any other comments before we vote on this recommendation for next year’s operating budget? Carlson: Can I just ask the one question? Bechtel: Yes. Carlson: Why does resource management operations go up by 150% in 2 years? Ulri_’ch: Some of that maybe Girish wants to answer that, but I think you’ll notice that the legal fees are some of the significant... [interrupted] Carlson: So that’s legal fees? I mean I just want to know what’s going on. It goes from $2 million back in 2000-2001 to $5 million. Ulrich: I can go through the details, but that as you. recall we’i,e had discussions about.the additional legal charges. Carlson: So that;s where it is? Balachandran: That’s one major part.. The other is NCPA cost. up significantly and the previous budget, that was not as high. UAC’Minutes 5-1-02 DRAFT NCPA cost has also gone Page 37 of 40 Carlson: Our payments for membership as opposed to power purchases? Balachandran: Oh yes, power purchases are just pass through. It’s the services like power pooling and legal expenses and everything else. So those were, froma resource management perspective, legal expenses are a large chunk 0fnew cost and NCPA cost if you look at just the NCPA staffcost that gets passed on to us, not the power cost. That .has taken a pretty large increase too. Carlson: Well, after we get through this craziness, I would assume that item ought to go back down? Balachandran: Yes, I was just reviewing. I’m not sure when that craziness is going to get over like Commissioner Bechtel talked about a little while ago. Nothing’s been. fixed. Ulrich: .Maybe I’ll wait until after you have your vote, then I would like to comment a little more discussion on this budget area. Bechtel: Okay. Any other specific items or questions.? Then all in favo’r of recommending tothe City Council they approve the utilities operating C]:P budget for next year, please say "aye". All Commissioners: aye. Bechtel: Opposed? No? Motionpasses unanimously. I guess we’re close to wrap up, John? ¯ - Ulrich: Sure, just a couple things on the budget.. One, my sense is and I.think I articulated it a few minutes ago is that we followed the budget process and in fact made.significant improvements over prior years. Even though this is an interim budget year where we’re not basically zero-based budgeting. It’s an attempt to have a 2-year budget cycle in the City, so there should not be any major surprises. Last meeting; we did not discuss the budget. That was the strategic plan meeting. It was the meeting before that where we brought all ofthe items that were significant changes including the legal and others and that’s where we had, I thought, a pretty detailed discussion. I guess what I’d like to have some discussion or future meeting is the process for next.year. The last thing I want to do and I am, I guess, conveying some disappointment in not meeting the needs that I thought you all wanted to have and the confidence that you have in the budget process that we followed. So if we can have some more discussion on that, because we have protracted this out over a much longer period of time rather than hitting it all at one meeting and going.through it item by item: We took the high level and moved it through that way. So I appreciate your support on ihat, but on how we did it, but I’d also want to meet the needs in the sense that some of you were disappointed in something that we didn"t do in this process. Bechtel: Well I think we can certainly do some homework and let you know perhaps what we.can do for next year’s process to do this sort of thing. I think that’s my guess is that " this is a process that can change as we can change rates in midstream, we can certainly change the process. Randy? UAC Minutes 5-1-02 DRAFT Page 38 of 40 Baldschun: Having gone through this.a number of times, every year, it is.a crunch.. And the truth is is that you have this Palo Alto process where we go to the.UAC, Finance and the Council. So you really have to back up fi’om the Council date and that’s June 17 this year. Then you’ve gotthe Finande meeting. Finance needs to have enough time to have a meeting between them and the Council so the Council can digest the minutes. And every year, we end up with this problem withthe UAC meeting and perhaps more so this year. What is different this year I think is that, and by the way, I think it’s better this year, is don’t have the detail. You don’t have the functional detail and we don’t have the functional detail. Some printer has it right now and he’s printing up hundreds of copies. Finance will have it next week. It will have the same information you have plus some functional detail. What you have is the big picture and in my opinion, I think that’s appropriate for you. Now the detail usually you don’t really get into that much frankly. But what we’ve tried to do fi:om the very beginning here and we’ve really bent over backwards, particularly John pushing us, is to get you the information early. We had to do our rate proposals back in March, all 5 of them. We’re normally doing them in April and so the idea was to give you an early heads-up on what’s coming. You had a chance to digest the rate proposals. You had a chance to look at the 10-year. You had a chance to look at the operating budget, which was reflected in the 10-year for ’02-’03. I don’t know how we could have done it otherwise given the fact that you’ve got a May 1 st meeting, they’ve got a Finance meeting and yourve got a schedule that’s got.to flow all the way to the Council. Bechtel: Mr. Dawes. Dawes: One area that would be exceedingly helpful and thishas come up in the past is much more standardization in the format of the financial reports. One of the things that we have spun wheels on both email and here in session is not being able tb bridge.frrm one report to the other and drawing misconclusions about it. If there was one format, it would be vastly easier for the staff to deal with too because if you’re dealing with one format for quarterly reports, for budgeting, for all purposes, it would be you’re operating offthe same database. You make-one forecast based on actuals, year to date, forecast of balanced year and that serves for every purpose. I think that confusing for instance sales revenues are different in one report versus the other and so I wouldput in a very big plug for standardization of financial formatting both as a way to save staff time, but to increase depth of understanding on the part of Commissioners, Finance Committee and Council. Bechtel: Mr. Rosenbaum.. Rosenbaum: Let me try to amplify a little on my concern. I actually agree with Dexter. I think these 10-year reports or 10-year forecasts are by far the most interesting thing we go through and we ask a lot of questions. I personally had difficulty understanding certain aspects of it when I’m going to be trying to meet with staff to better my understanding. I found that all.helpful and that’s high level. But the Council Members and the Finance Committee, they’re going to have this printed budget and that’s a hell of a lot of work to go through and it’s very tempting for a Finance Committee member to say well the UAC has already.gone through this and that in a sense relieves me of some of the burden just as the. full Council might well feel that way after the Finance Committee has reviewed it. There’s only a certain amount of time.in a day and my discomfort is that we clearly haven’t done that. The things, we’ve done are perhaps more important than attempting to go through line-by-line so my point is that if you can somehow convey to the..Finance Committee that UAC Minutes 5-1-02 DRAFT Page 39 of 40 we’ve done very useful things but we have not done a line-by-line review and whether we should or shouldn’t is .hard to determine, but I don’t want to suggest that staffhasn’t been very helpful in presenting us with the important issues and we’ve had a chance to debate those. Ulrich: Would you like me to just mention next meeting for the record? Bechtel: For the record~ Ulrich: The next meeting for Jun~ is Wednesday, June 5 at 7 o’clock in this room and the item that’s on the agenda now, subject to additions that you’d like to make is the electric long-term resource plan. And this would be the t~ext stage of the discussion that we had 3 " months ago on various alternatives for the 10ng-term resource plan so we’re getting closer to our recommendation and it’s time to have that discussion with you all. Bechtel:.. All right. Any suggestion? .Any other items for next June’s meeting? Ulrich: I guess just probably a reminder, Mr. Bechtel, that the Finance Committee meeting for the Enterprise Funds, which will include us will be May 14 here at City Hall. ADJOURNMENT Bechtel: Yes, I think you alerted me sometime ago. No other items. I entertain a motion to adjourn. Rosenbaum’ So moved, Bechtel: Moved by Mr. Rosenbaum. Second by Mr. Carlson. All in favor please say "aye:’. All Commissioners: Aye. Bechtel: Opposed? None. UAC Minutes 5-1-02 DRAFT Page 40 of 40