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HomeMy WebLinkAbout0232.094, ' April 28, 1994 THE HONORABLE CITY COUNCIL Palo Alto, California Attention: Finance Co~ittee lL2Rossd water Rate Deor~ft9'- Members of the Council: BUDGff 9lt-95 This report reCOITIJ'I'lends Council adoption of the attached resolution authorizing a $2.37 million water rate decrease effectlva July 1, 1994. This rate proposal is based upon an anticipated San Francisco 'Wate'r' Department wholesale water rate incL'ease liJlJited to 10 percent or less. If the SFIW should propose a Whoh~!nal(J ('ate increase substantially in excess of 10 percent, staff may ret~lrn to Council during the budget process with a revised rata 11 rate proposal. Baokglound curiny the recent six-year drought, the Water Fund financial reserves had become" nearly depleted and the poor tinancia.l condition of the Fund was well publicized. Howevor, since the drought ended, water sales have been rising at a moderate rate. Furthermo~e, direct funding of the Rate Stabilization Roserve (RSR) from current rates is expected to account for approximately $1.8 million of an estimated $2~8 million increase to the resotve in 1993-94. Finally, projected cost savings in excess of $1.1 million in· the current oper.ating budget and approximately $1 mi 11 ion already achieved from 1992-93 will favorably impact the reserve balance. As a result of these factors, the financial health of tho water Fund has improved and the Utility is well-positioned to reduce rates. CHlU 232 I i:4 :', o o staff recomelids ad~ption of a': 15' percent rate decrease proposal, even though the San Francisco water Department (SFWO) may increase wholesale rates to "Palo Alto and other suburban cities. Traditionally, Palo Alto staff develops the-proposed budget and rate recomme'ndations before the SFWO announces a wholE!sale rate adjustment. That. is the case again this year. At the time of this report, however, preliminary information from the Bay Area Water Users Association indicates that the SFWD rnay increase wholesale rates in excess of 10 percent effective July 1, 1994. AccordinglYt this 15 percent retail rate decrease is based upon a presumed 10 percent SFWD wholesale rate increase. In the event the SFWO rate proposal substantially' differs from a 10 percent increase, staff lllay revise 'this retail rate proposal during the budg€t process. staff updates on the SFWD rate issue will be provided during the budget hearings. To illustrate the turnar-ound in the Water F\lnd, two graphs aro shown. The first graph (Figure 1) charts annual water sales in units for a ten-year period. The impact of the mandate to reduce consumption during the drought P98?-1992) is. evident from the graph. It also illustrates that since FV 1991-92, water consumption has been riSing steadily and is expected to reach 5.6 million units this fisc.al year. Figure 2, on the next page, graphs the upward trend in M~~_I'«" sales revenue during 8 this period, _. primarily due to rate increases tc- recover the lo,rholesale cost of water from SFWD. More i~portantly, the graph also ind.icate's the corresponding balance of thE! Rate • -"" Stabilization Reserve during the Water Sales period. The RSR 0 -----'------.1-------l"-"-:-'7:-::-:':' ___ < __ ~ b a 1 a nee was ,,·n ~, III1-U ea-Oi n·lo 'C·" n·n 111-" il"'~ I4-U extremely low until flloaJ ¥lou r-'-"',~_) 1992-93 when it Figure 1 began to rise. Due to the positive factors mentio"ned prOjected to reach an ending balance previously, the RSR is now for the current fiscal year in \ .. I i I ! i I o o)(~ess of $6.2 million. (BocaUSO-the RSR was not introduced until FY 1993-94 1 the 9raph depicts the sum ,of the Transfer Stabilization Reserve and system Improvement Reserve for the applicable years). Water Sato$ Revenue vs Reserves .. '-"-~-""-' ----------------~---.-----~ since 1991-92, the correlation between rising sales revenue and a rising RSR balance is apparent in Figure 2. wi th a significant portion of the water rate earmarked to fund the RSR over tha past two years, the "'-'"'r" reserve is projecteci /' to end FY1993-9~ .. " -. / . ' '·--"'1 well above its /'_ minimum guideline :::-~i::::-;:;C"",_""'or'._7~--,*, __ "_-_ I --t~=-___ :::L _____ L __ ~ __ l-..-_..J !~r~lon. ~rtis m~!~: N-n Jot," IHI H-n 11"0 Ic.-", nit It'" u·tj II"" that major funding fllQ.ll v.., !""'I .. ~,",l c.......,.. .... ) of thp. RSR can be pigure 2 discontinued for 1994-95, triggering the 15 percent, rate reduction rocommendation. With a 15 percent, or $2.31 million "i'e.venue decrease, effective July 1, 1994, the RSR is still projocted to end 1994-95 above its target level but below its m8xi~uM guideline for that fiscal year. St6tt is also recommending that the 1994-95 Water Fund TranRfcr to the General Fund be based upon a full equity rate of return of 9.76 porcent, which is equivalent to the return granted the California Wat"" Service company. 1994-95 had been planned to be the fin.l year tor continuing to ramp up the water ~}nd Transfer based on a rate of return of 9.50 percent. The difference between these two rataa of tcturn represents approximately $47,000. However, qiven the i_proved financial condition of the Water Fundi the impact of $41,000 is not significant. On that basis, staff recommends that the Water FUnd transfer $1,741,000 to the General Fund for 1994-95 based upon a 9.76 rate of return on the,ratebase. HAter Rate ~!tl!:!PJ\tls.PJL.Hith surrounding cities ,The final two graphs compare Palo Alto's proposed rates with the current water rat,es of Menlo park, Redwood City, Mountain View, and Los Altos (which is served by California Water Service). Figures 3 and 4 depict a range of usage levels for residential and a madium~si2.e business. In Palo Alto, the cur.rent year-round average residential water usaqe is 12 units per month. At this lev6l, palo Alto water bills are approximately 10 percent above \ o RESIDENTIAL WATER IlILL COMPARISON Effem1v$ April 1994 1~' ~r& 1: /w>tijjj/mrtmfl~nt o ~-L ... J .•.. 7.., .. , ... _. __ L~ 1~ ro 100 l"'~ICCr.) l'i'IUr .. 3 III r. A. I1'l M. r. II Fl c. !i) M. V. III L. A. C.oMMERClAL WATER IlILL COMPARISON METER SIZE 3' 100 300 lkil!1CCf .) • Po II. 1111.1. Po • Fl C. mt.t v. a L. A. .. ,~ .~\.J . . , ," :..~";<~~~_._ :, ""'*"":~,';.",",,.,._ .• ~,:,,·_t~~_~:"''':;;-~~~~~~ o surrounding areas. At hi.gher. uSAge levels, Palo Alto "esidential lIInd cOJnmercial water bills ar(l approximately 14 percent to 21 })ercent higher than surrounding areas. It should be recognized that. Gorne of these cities may De developing rate proposals to raise rates to offset an anticipated SFWD Increase, ~t a time whon Palo Alto is lowering its rate,o;, If this occurs, Palo Altots w~ter rates will be more comp~titive than indicated by the charts sho· .... n here. Ii. review of pre.vious rate cornp~u:isons in 1991 and 1992 (CMRS:300:91 1 310:92) indicate. that significant gains have bacn made in closing the rate differential bstween Palo Alto and surrounding oities. For example, in July 1991, a Palo Alto resident using 35 units a month paid approximately $191 cO)'l'lpared to a resident in surrounding cities paying an averaqe of $69. With the current rate proposal, the comparison improves to approximately $80 in Palo Alto and approximately $66 in appro~imately 450 residonts, residflnts J consu~e J5 units of surround i ng areas. In the summer months, representing 3 percent of all water. . ," ~ Although Palo Alto continues to charg8 amQn9 the lowoot rAtes for residents who consume below average amounts ot water, PAlo Alto water rateR ~re approKimatel}' 20 percent hig"her {or Above average consumers than slmilar users in nearby ciths. 'This Is a reflection of, among other thin9s, Palo Alto's strong cODlllltn.~nt to encourage conservation through its ratQ: s.tructures. Uotlathalo89 t for competitive re.asons l future rate ad;h.l,Gtllenta will l1ksly be proposed by staff to narro,", this rat6 differential Cor tho larger users. This is the princip.l r~te ... kl"9 objoctiv6 sou9ht in proposing this rate deoroase. The revenue decrease was spread unifondy bet.'iiOlln RQsidential. Rate Sohedule Wr-l and Non-residential Rate schedule W ... ~ 60 that the business sector and residential sector cOlltinue to h~v-e l"Ilte parity. In order to continuo the transit.ion {["on steeply inverted rates, this rate decre~se was applied to those c~stoners c~rr-ently payinq the highest rates. Thus, residents and busin03Sag, using more than the average af'Jount of ""'tter (or the appl icable rat£! schedule, may experience decr~~lses in excess of 1S percent. For exaraple., an estimated 750 residonts represonting approx1~ately 5 percent of all rCf;idents consu)'!',e in <'xcess of .)5 units In a summer month. The projected bill decrease at )5 units 1s 22.8 porcent. The averaqe residential usage In the SUOl"HJt" :months 1e approxinl'Jitely 11 units of W.atQL At this loval, residents will 3xp&rience a,pproximately a .\3.5 percent rech..>ctlon 1n their wAter bi 11 under this proposal. On the other hand. clIsto!::'!-Ora, \o!ho use relatively small amounts of water and are already payintJ tho lo'Wost rates on the system, will experience no change in thoir bill aft(] w.111 continue to be charged the lowest r~tes, Usage Monthly Irmount of Percent ~5tQme:t: ill£l llU 1l~~B~"'l1C ~f.ME Snql. ram. Residential 7 $ 13.S0 $ .00 0 Snql. Fam. Res. (av9') 12 24.65 -L90 -7.2 Sngl. Fam. Resident ia 1 H 28.99 -2.66 -8.4 5n91. Faro. Residential 20 43.45 -8.60 -16.5 Sn9'l. Fam. Residential 35 79.60 -23.45 -22.8 Sn9'l. Fam. Residential 50 115.75 -)8.30 -24.9 Non-Residential: Small (Rate \i-4A) 5/8" meter 9 n.oo .00 0 5/8 11 meter 18 40.00 -3.20 -7.4 5/8" meter 21 58.00 -11.00 -15.9 CKR113l19. , , ., \ , i 1 i. '. . ... - . Cllstom!iU: Non~ReBid.ntial: Medium (Rate W~4B) 3 u nato!" 3" meter 3" meter Large (Rate W~4C) 6" meter 6 11 meter 6 H meter ReCOmmendation Usage Monthly ~ Il.ill 100 $211. 30 300 638.30 600 1319.30 500 1030.00 1200 2595.00 3000 6681. 00 0 Amount of Percent PECRF;.I\SJ> pECReASE $.00 0 ~73.00 ~10.3 ~292.00 ~18.1 .00 0 ~25S.00 ~8.9 -1281.00 -16.1 Staff recommends Council approval of the attached R~solution by "'hich Water Rate Schedules W-l and W-4 are amended, therehy decreasing annual water t"evenue approximately $2.31 million effective July 1, 1994. ReGpectfully submitted, "t./. ?~ gl'~h-____ ,_ W. RANDY I{LDSCHUN Assistant Director of Utilities, Administrative Services /. II #£.._. / EDli;J;: ~-;;g:r 'rector of x ities Attachments: Resolution Rate Sphedules W-l, W-4 . "c.' RESOLUTION NO. RES01,UTION OF THE COUNCIL OF THIlCITY OF PALO ALTO AMENDING UTILITY RATE SCHEDULBS W·l AND 101·4 OF THE CITY OF PALO ALTO UTILITIES RATES AND CHARGES PERTAINING TO GENERAL WATER SERVICE The Coutlcil of the City of Palo Alto does hereby RBSOLV.B as follows: SHCTlON 1. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, Schedule w~ 1 (General Residential Hater Service) and Scnedule, W-4 (General Non·Residential Water Service) of the Palo Alto Utilities Rates and Charges are amended to read in accordance with Sheets W-l-.l. W-4-1 and \'1-4-2, attached hereto and incorporated herein by refel"ence. The foregoing Utility Rate Sched\,lles, as amended, shall become effective July I, 1994. fm.CTION 2. The Council finds that the revenue derived from the authorized adjustments of the general water service ratea shall be used only for the purposes set forth in Article VII, Section 2~ of the Charter of the City of Palo Alto. ~CTIO~. 'J1he Coun<:il finds that the adoption of this rcosalution does not constitute a project under the California Environmental Quality Act, California Public Resourc~s Code section 21080. aubdivision (b) (8) . INTRODUCED AND PASSED: AYES: NOES: MlSENT: ABSTBNTIONS: ATTEST: APPROVED: City Clerk Mayor APPROVED AS TO FORB: City ttfanager ------------ • ... . . . . , " ,; • ...;..:.....>.:-"'.~4·~\.'~·_~,,~_.,~.f, . o GENERAL RESIDENTIAL WATER SERVICE J.lllI.lIY.BATE SCHEDULE W·l A. APPLICABII.ITY: Thls sdlOOulo applies to all residential single family waler service. B. TERRITORY: Inslde Md O\!1si<le th<i> Incorporaled ~mns 01 the City of Palo Mo and land owned or leased by the City. C. RATES: Per Meter fiLM2o!h For 5/8-!n-;:l, meier. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $ 4.00 F<x 3/4 irdl metor . . . . . . . . . . . . . . . . . .................. 4.00 For 1 ir\Cll meter ....................................... 4.50 For 1 1/2 inch nwter ..................................... 5.20 For 2·1nch melor ....................................... 6.80 for a·lochmeler ...................................... 11.30 For 4-trict1 meier ...•.................................. 16.20 For 6·lr\CIl meter ..•.•................................. 30.00 For a·1nch melor ...................................... 46.75 For 1 D-lIlcIl metor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58.00 .QQm1llQdi1Y Rals' (To be added Service Charge and applicable 10 all pressure zones.) Per Meter ~lllel.i!( Per Hundred Cubic Feel Allpresswe~ Flfst 7 Ccf . . . . . .. . . . . . . . .. . . . . . . . .. . ............. $1.40 Noxt 7Cc1 •............•............................ 2 .17 Over 14 CcI ......................................... 2.41 Temporary unmete red service to r&sidential subdMslon developers, per COI1nection ....................... $4.00 "-'-"'-•.... _---- CITY OF PALO ALTO UTILITIES Issued l')I tM City Council SUp6ISed(j!J Sheel No. W·1·1 daled 7·1·93 Effective 7·1·94 Sheet No. W·l·1 GENERAL NON·RESIDENTIAl WATER SERVICE UTILITY MIE S.QllEDUlE..'&1 A. APPUCABILlTY: This schedule appIias 10 non·resldential WllW servk;o in the City of Palo Alto and ~s distribution area. This scl!edule is also appiicabi~ to mu~i·famjly rosldenua! cuslomers served through a maslsr metsr. 8. TERRITORV: InsIOO the iooorp<lra!ed lim~s of the City 01 PalO Mo. on lond owne<l or laased by the City. and MY other IlIDd serv'.ced by tho Palo Mo Wale< Utility. C. RATES: Service Cherge POI Moter £Mj,!Qlllll For SIS· inch matur . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4.00 For 3/4.1nc/l mater ...........•........................... 4.00 for l·lnch mstor .. , ......................... , .......... 4.50 For 1 1/2lnctl meier ... ' •....•............................. 5.20 For 2 II1ch mater ................•...•................•. 6.8() For 3·lnch meier ........ "" " ........ " .... " . " " ." 11.30 For 4·looh mele< .... "" .. " .. " ........ " .......... " 16.20 For 6-Jnch meier •••. , .....•.........•................. 30.00 For a·lnch mate< ....••••........•......•......•.•..... 46.75 For j()·Jnch meter ••...•...•••. ; •......•..•.•.....•.••.. 58.00 CommQdity Rl!W;,..(IQ be added 10 SetyiCe Char~!!l Based 0/1 Meier Sizes Rate SttuclUre W4 A For Meter Sizes SiS· Inch. 3/4 Inch. 1 Inch. 1·1/2 ioch Per Metor ~MllllltJ Per Hundred Cubic Feet ll!Lf!!lssuro ZQ~ First 30 ('.cf ... , .............•• , . , . . . . . . . • . . . . . . . . . .• $2.00 Over 30 Cd . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.27 CITY OF PALO ALTO UTILITIES Issued by the City Council SUpelSedas Sheet No. W+1 deled 7-1·93 Effective 7·1-94 Original Sh~el No. W-4·1 lJ 8asad on Metsr Sizes Ba!!! S!nJC!um W-4 8 For Meter Sizes 2 Inch, 3 Inch. 4 Inch Per Maler E.eLMMlh GENERAL NON·RESIDENTIAl WATER SERVICE J..tID.J.IX..B!lli..SCHE PULE W=i ((CooliQo()(l) Per Hulld<e<l Cubic Feat All Prossu(ll.ll1oos First 200 Cd ......... . . . . . . . . . . . . . . . .. . . . . . . . . . . . . .. $2.00 Over 200 Ccf ..........................•.............. 2.21 For All Metars Greater th~n 4 Inch Per Meier Per Month Per Ilundr(!(! Cubic Foot MPLe.~~ Firsl "100 Ccf ........ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •. $2.00 Over 700 Gcf ........ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2.27 CITY OF PALO ALTO UTIUTIES Issued by the City Council Supercedas Shear No. W-4·1 dated 7·1-93 -,,-.. --_._._ ...• -.•. _-- EffecHve 7·1·94 Original Sheel No. W+2 I ,. I ..... . :, , ... i I I