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HomeMy WebLinkAboutLate Communication Item No. 9.pdf La1-e Qv���cked@ fah ��- Communi�n- Q.�in colmM , Orange County Sanitation District Consolidated Cash Flow Projections Preliminary Preliminary Preliminary Preliminary Preliminary 10-Year g Description 211 23-24 24-25 25-26 26-27 Total Revenues: 1 General User Fees 327,701,000 336,263,000 343,929,000 352,585,000 361,289,000 3,248,375,000 2 Permitted User Fees 14,253,000 14,565,000 14,839,000 15,162,000 15,464,000 141,475,000 3 IRWDAssessments 19,145,500 16,922,510 17,672,880 18,463,090 17,402,580 166,806,640 4 SAWPA Assessments 3,971,000 4,130,000 4,295,000 4,467,000 4,645,000 39,184,000 5 Property Taxes 119,543,000 125,520,000 131,796,000 138,386,000 145,305,000 1,178,110,000 6 Nev,COP Issues - — - - - - 7 Interest Revenues 15,609,000 16,014,000 15,007,000 14,738,000 15,010,000 146,163,000 8 Capital Facilities Capacity Charges 11,008,000 11,551,000 8,651,000 9,078,000 9,523,000 98,832,000 9 Other Revenues 24,632,000 13.433,000 5,687,000 4,844000 4905000 128612900 10 Revenues 636,762.600 537,398,510 641876880 557713090 573,543580 5,147558540 Requirements: I Oper S Mica Fxp(4.0%yr) 184,834,000 192,227,000 199,916,000 207,913,000 216,230,000 1.11M.965,390 12 Capital Improvement Program(CIP) 336,477,000 258,761,000 241,072,000 257.586,000 222,589,000 2,458,231,000 13 Less:CIP Savings B Deferrals (10,1OD 00(3) (7,800,000) (4,800,00(3) (5,200,000) (5,500,000) (132,015,OOD) 14 Rei Rehab 8 Refurb 5,460,000 11,794,000 39,010,000 36,200,000 33.491.000 132,418,OOD 15 COP Service 72,466,000 72,470,000 72,460,000 72,467,000 68.667,000 749,474,OO11 16 Other Requirements 2,375,000 2375000 2375,000 2375,000 2375000 24990000 17 Requirement 591,512,000 529,827,000 550 033 000 571,341,000 637,83ZODO 5,057,063,380 18 Revenues-Requirement (55,749,500) 7,571,510 (8,156,120) (13,627,910) 35,711,680 90,496,160 Accumulated Funds: 19 Beginning of Year 660,020,150 604,270,650 611,842,160 603,686,040 590,058.130 535,274.5W 20 End of Year 604,270,650 611,842,160 603,686,040 591 625,769,710 625,769,710 21 Consolidated Reserve Policy 517,495,000 519,498,000 521,533,000 523,662,000 522,411,001 522,411,001 22 Over(Under)Reserve Policy 86,776,650 92,344,160 82,153,040 66,396,130 103,358,]09 103,30.709 Sewer Service User Fees: 23 Avg SFR Annual User Fee $365,00 $373,00 $380.00 $388.00 $396.00 24 Percentage Change 1,96% 2,19% 1.88% 2.11% 2.06% 25 Equivalent Dwelling Units 938,908 941,725 94g550 947,384 950,226 25 SFR Connection Fee $4,826 $5,048 $5,280 $5,523 $5.7T7 27 Oussndlnn COPS $813,576,000 $774,625,000 $734,093,000 $692,165,000 $652,304,000 E; kY 28 50%Next Year Operating 92,417,000 96,114,000 99,958,000 103,957,000 108,115,000 29 10%Next Year Operating 18,483,000 19,223,000 19,992,000 20,791,000 21,623,000 30 100%Next Year AUG COP Svc. 72,466,000 72,470.000 72,460,000 72,467,000 68,667,000 31 50%average ten-year CIP Bel. 122,932,000 122,932,000 122,932,000 122,932,000 122,932,000 32 OSR @ 10%Outstanding COPS 81,358,000 77,463,000 73,409,000 69,217,000 65,230,000 33 SFI @$57mm 57,000,000 57,000,000 57,000,000 57,000,000 57,000,001 34 Repl B Refurb @ 2%lyr 72,839,000 74,295.000 75,782,000 77,298,000 78,944,000 35 Total 517,495,000 519,498.000 521,533,000 523,662,000 522,411,001 COP Ratios 36 Sr Lien Coverge,Min 1.25 4.59 4.60 4.60 4.70 5.06 1 2/1 312 01 7 Orange County Sanitation District Consolidated Cash Flow Projections Preliminary Preliminary Preliminary Preliminary Preliminary fW Descrletion 17-18 18-19 14-20 20-21 21=22 Revenues: 1 General User Fees 291,158,000 297,643, 00 305,095,000 312,588,000 320,124,000 2 Permitted User Fees 12,925,000 13,159,000 13,433,000 13,706,000 13,979,000 3 IRWD Assessments 15.807,800 15,095,800 13,305,290 15,063,790 17,927,400 4 SAWPA Assessments 3,263,000 3,394,000 3,530,000 3,671,000 3,818,000 5 Property Taxes 93,666,000 98,349,000 103,266,000 108,429,000 113,850,000 6 New COP Issues - - - - 7 Intend Revenues 8,398,000 12,231,000 16,369,000 17,038,000 16,749,000 8 Capital Facililies Capacity Charges 9,900,000 9,089,000 9,534,000 10,004,000 10,494,000 9 Other Revenues 8,088,900 10,489,000 15,739,000 16,132,000 24,763,000 10 Revenues 443,206,700 459,449,800 480,271,290 496.631.790 621.704.400 Requirements: 11 Oper&Mice Exp(4.0%yr) 151,919.380 157.996,000 164,316,000 170,889,000 177,725,000 12 Capital Improvement Program(CIP) 166,976,000 187,785,000 213,753,000 253,476,000 319,777,000 13 Less:CIP Savings S referrals (18,915,000) (18,wo,000) (21,400,000) (20,300,000) (19,200,000) 14 Repl,Rehab B Refurb - - 311,000 956.000 5,196,000 15 COP Service 82,033,D00 80,4 1,000 79,956,000 76,019,000 72,472,000 16 Other Requirements 3,615,D00 2,375,000 2,375,OD0 2,375,000 2,375,000 17 Requirements 385,628,380 409,820,000 439,311,000 483,414,000 558,345,000 18 Revenues-Requirements 57,578,320 49,629,800 40,960,290 13,217,790 (36,640,600) Accumulated Funds: 19 Beginning of Year 535,274,550 592,852,870 642,482,670 683,442,960 696,660,750 20 End of Year 592,852,670 642,482,670 683,442,960 696,660,750 660,020,150 21 Consolidated Reserve Policy 519,558.000 519,040,000 519,642,000 517,217,000 515,564,000 22 Over(Under)Reserve Policy- 73,294,870 123,442,670 163,800,960 179,443,750 144,456,150 Sewer Service User Fees: 23 Avg SFR Annual User Fee $331.00 $337,00 $344,00 $351.00 $358.00 24 Percentage Change 122% 1.81% 2,08% 2,03% 1.99% 25 Equivalent Dwelling Units 924,950 927,725 930,508 933,300 936.100 26 SFR Connection Fee 83,1111115 $4,032 $4,217 $4,411 54.614 27 Outstand no COPS $1,004,694,000 $965,540,000 $925,258,000 $887,211,000 $851,126.000 Reamva Pori 28 50%Next Year Operating 75,960,000 78,998.000 82,158,000 85,445.000 88,863,000 29 10%Next Year Operating 15,192,OD0 15,800,000 16,432,000 17,089,000 17,773,000 30 100%Nexl Year AUG COP Svc. 82,033,000 80,464,000 79,956,000 76,019,000 72,472,000 31 50%average ten-year CIP Bal, 122,932,000 122,932,000 122,932,000 122,932,000 122,9U 000 32 MR@10%Outstanding COP$ 100,468,000 96,554,000 92,526,000 88,721,000 85,113,000 33 SFI @$57mm 57,000,000 57,000.000 57,000,000 57 000,000 57,000,000 34 Rapt B Refurb@2%tyr 65,973,OD0 67,292,000 68,638,000 70,011,000 71,411,000 35 Total 519,558,000 519,040,000 519,642,000 517,217,000 515,564,000 COP Ratios 36 Sr Lien CcveMe,Min 1.25 3.43 3.63 3 63 4.15 4.60 12/13/2017