Loading...
HomeMy WebLinkAboutCouncil Workshop Minutes 12.17.2024MINUTES CITY OF LAUREL CITY COUNCIL WORKSHOTUESDAY, DECEMBER 17 20 A Council Workshop was held in Council Chambers and called to order by Council President Sparks at 6:49 p.m. on December 17, 2024. x_ Tom Canape _x Heidi Sparks Michelle Mize _x_ Jessica Banks _x_ Casey Wheeler _x_ Iry Wilke _x_ Richard Klose _x_ Jodi Mackay Brittney Harakal, Council Administrative Assistant Kurt Markegard, Planning Director/Interim CAO Kelly Gauslow, Accounts Payable Matt Wheeler, Public Works Director Kelly Strecker, Clerk/Treasurer Forrest Sanderson, LURA Consultant Public Input: There were none. General Items 1. Appointment of Daniel Klein to the Laurel Urban Renewal Agency for a four-year term ending December 31, 2028. There was no discussion. 2. Appointment of Cami Story to the Laurel Urban Renewal Agency for a four-year term ending December 31, 2028. There was no discussion. 3. Appointment of Dianne Lehm to the Laurel Urban Renewal Agency - Advisory for a four-year term ending December 31, 2028. It was questioned what the difference is between a voting member and an advisory member. It was clarified that voting members either live or work within the TIF District—those who live or work outside the district but have knowledge of things that would be beneficial. 4. Appointment of Richard Klose to Park Board for a four-year term ending December 31, 2028. There was no discussion. 5. Appointment of Tom Canape to the Park Board for a four-year terra ending December 31, 2028. There was no discussion. 6. Appointment of Phyllis Bromgard to the Park Board for a four-year term ending December 31.2028. There was no discussion. 7. Appointment of Casey Wheeler for a three-year term ending December 31, 2027. It was clarified that this appointment is for the Board of Health. There was no discussion. Appointment of Iry Wilke to the Police Commission for the remainder of a three-year term ending April 30, 2025. There was no discussion. 9. Appointment of Dan Gatley to the Police Commission for the remainder of a three-year term ending April 30, 2026. Mr. Gatlety introduced himself to the Council. He stated he has resided in Laurel for the past 12 years and has been a teacher at Laurel High School for the past 20 years. Executive Review 10. Resolution - A Resolution Of The City Council Authorizing The City Of Laurel And The Laurel Urban Renewal Agency (LURA) To Negotiate A Contract With Triple Tree Engineering To Act As The Engineer For The TIF District. Forrest Sanderson, LURA Consultant, briefly reviewed the RFP process. LURA received three qualified applicants: Triple Tree, KLJ, and Staley Engineering. Triple Tree has been recommended as they have worked with a TIF District before and have experience working with the railroad in a timely manner. It was a unanimous recommendation. They would like to enter into contract negotiations and bring a contract in the first part of January. 11. Resolution - Resolution Of The City Council To Approve The Proposed Increase In The Rates And Charges For The Users Of The Municipal Water And Sanitary Sewer Rates And Charges To Become Effective On January 10, 2025. It was questioned what projects are coming up. It was clarified that the largest project is a 2nd water reservoir. The other tank needs maintenance that cannot be done until a 2nd tank is available. Another project is to increase the capacity of the Water Plant. The Interim CAO asked the Council to review the attached memo. Council Issues It was questioned if the Council could reconsider the MOU with Beartooth RC&D. The Interim CAO read the attached email into the record. A Council Member noted that they felt the full Council should have the opportunity to vote on the matter. A Council Member participated in the Polar Plunge. The LVFD, LPD, and LMS had teams this year. Laurel was very well represented. This Council Member thanked all who participated. Council next week has been moved to Monday due to the holidays. Budget/Finance Committee has also been moved to Monday. Emergency Services Committee has been cancelled. Attendance at Upcoming Council Meeting All in attendance will be at next week's meeting. Announcements The council workshop adjourned at 7:06 p.m. Respectful ubmitted, E' Brittney Harakal Administrative Assistant NOTE: This meeting is open to the public. This meeting is for information and discussion of the Council for the listed workshop agenda items. R W. E" RAFTELIS CRATE: December 13, 2024 TO: Kelly Strecker City of Laurel FROM: Todd Cristiano, Vice President SUBJECT: Draft Water and Wastewater Rate Study Executive Summary Introduction The City of Laurel (City) retained Raftelis to complete a comprehensive financial plan, cost of service and rate design study for its water and wastewater utilities. Raftelis worked with City staff beginning in May 2024 to develop a plan for sustaining the water and wastewater utilities' financial health. Raftelis also worked closely with the engineering firm, Morrison-Maierle in reviewing capital projects, timing, and costs. Raftelis met weekly over this period to discuss project status and present interim results. These meetings included staff as well as the City's executive management team. The results presented in this executive summary are a culmination of these efforts between the City and Raftelis. This memo summarizes the results of the study and is a supplemental document to the presentation materials from the November 4, 2024 City Council meeting. The primary objectives of this study included- ® A 5 -year financial plan identifying the annual revenue adjustments needed to fund operation and maintenance expenses, debt service, and capital projects while satisfying reserve requirements and debt service coverage; ® A detailed water cost of service analysis to determine the cost to provide service to customer classes. The principle concept of this analysis is to assign costs in a proportionate manner to each customer class based on their demand and customer characteristics; ® A rate structure which meets the pricing objectives of the City and equitably recovers the cost to provide service to the City's customer classes; residential, commercial, irrigation, and industrial customers. This memo includes water and wastewater financial plan results for the 5 -year study period 2025 through 2029, water cost of service analysis, and rate design. 383 N Corona St, Denver, CO 801218 www.raftelis.com CITY OF LAUREL WATER MND WASTEVIVATIER RATE STUDY A primary consideration in developing an `optimal' financial plan is minimizing annual revenue increases through balancing the use of reserves, rate revenues at current rates, plant investment fees, and loans. This balance is subject to the constraints of meeting the City's target reserve policies and debt service coverage requirements on existing and proposed debt. This approach is an iterative process. For example, issuing debt to fund a capital project may keep revenue increases low; however, new debt payments may decrease the debt service WN coverage (DSC) ratio' below the target level. As a �. W result, a revenue increase may be needed to meet or maintain compliance with the target. The / additional revenue generated from the increase I now may meet debt service coverage and producMow IVIN e an ending balance more than the target reserve. = This excess can be used to partially cash -fund the capital project which, in turn, could reduce the proposed state loan amount. Assumptions This study is based on numerous assumptions. Changes in these assumptions could materially affect the study findings. Raftelis incorporated the following key assumptions into the study: The test year, or the year new rates will be in effect, is 2025. The study period forecast is for 2025 through 2029.2 The study utilized an annual growth rate of 0.1% per year. Usage per account is based on historical data. Residential water usage per account is approximately 5,200 gallons per month, and sewer volume is about 3,200 gallons per month. Residential customers represent the majority of the utilities' customers. Costs will change as follows: o Capital costs are projected to experience an annual increase of 4.5% due to inflation. o The expected inflation rates for operation and maintenance (O&M) expenses are: ® Personnel services (2025 —2026; 2027-2029). 4.5%; 4.0% ® Professional and Contractual Services, Repairs and Maintenance, Operating Supplies and Equipment, Professional Development (2025 — 2026; 2027 — 2029): 4.0%,3.5% ® Water supply (2025-2029):5.0% ® General (2024 — 2029): 3.0% ® Depreciation (2024 — 2029): 3.0% a The City has set reserves for the water and wastewater utilities: 2 The cash flow tables include 2024 as the base year, or the year in which the model was developed, and is based on a combination of budgetary information and estimated values. The study forecast is for 2025 through 2029. bt2 Y OF € AUREL WA'rER AND WASTEWATER RATE s,rUDY o eater utility: Operating fund: 90 days annual O&M, capital reserve of 1 years depreciation expense, meter replacement reserve, water line reserve, and bond reserves o Wastewater utility: Operating reserve of 60 days O&M, system development fee reserve, bind reserves and a capital replacement reserve 0 Debt service o Coverage requirement is 1.20 x debt service based on the revenue bond issuance requirements o Bond terms: assumed State Loan, 2.5% interest rate, 20 -year term Tab% 1: Additional Assumptions The water utility financial plan is separated into two subfunds- the operating subfund and the capital subfund. The capital subfund tracks activities associated with capital projects and funding sources for the capital projects. The operating subfund tracks activities associated with the daily operations of the utility. The combined FY25 beginning fund balance is $4.6 million. Water revenues consist primarily of rate revenues and nominal miscellaneous revenues. Rate revenues at current rates average $3.3 million annually. Other rate revenue sources include water sales to CHS refinery. This includes potable water, raw water, and settled water. Rates for CHS are contractual. CHS rate revenue averages approximately $199,000 annually. Other non -rate revenue includes water line insurance which averages $33,000 annually, and the 5/8" bypass revenue which averages $28,600 annually. Other non -rate revenue includes sales of water supplies, fire line revenue, and other miscellaneous sources averaging in total approximately $10,000 annually. The City anticipates receiving a grant of $2,075,000 and a loan of $18.6 million to fund the new water tank and booster station in FY26 and FY27. A proposed loan of $3.6 million is also projected in FY28 to fund water treatment filter replacement. O&M expenses include costs to treat and deliver water to customers. O&M is projected to increase from $3.0 million to $3.5 million by FY29.Other expenditures include payments on existing and proposed debt service. Existing debt service averages $429,000 annually. Proposed debt service is projected at $1.2 million beginning in FY27. Transfers to the capital fund are $1.2 million to assist in funding the annual capital program. Capital projects total $31.2 million for the study period. Highlights of the capital program include: M'Y OF LAUREL VVATER AND WASTEWATER RATE s'ruoy M - A state revolving fund (SRF) loan of $18.6 million is anticipated in FY27 to fund the majority of the new water tank and booster station project. This is in conjunction with anticipated grants totaling $2.075 million. The total cost of the new water tank and booster station is $20.6 million, including an inflation allowance. - Another SRF loan of $3,608,247 is planned for FY28 to significantly fund the new filters project with an estimated cost of $5.7 million, which includes an inflation allowance. The City has a total reserve target of $3.9 million for FY25 and a debt service coverage requirement' of 1.20x as part of the loan covenants. Rate revenues should be sufficient to meet annual requirements, which includes O&M, debt, transfers to the capital fund, target reserves and debt service coverage. Revenues at current rates are insufficient to meet these requirements. Annual adjustments of 16% in FY25 through FY27 followed by 4% in FY28 and FY29 are needed. The initial 16% rate increase is required to meet the target debt service coverage. Future increases are required to the debt service coverage and the reserve targets. It is recommended the financial plan be reviewed annually to ensure that rate revenue is sufficient to meet projected revenue requirentents. Figure 1 illustrates revenue and expenditures for the operating fund, as well as ending fund balances, and target reserves. Figure 2 shows the projected FY25 increase of 16% effective from FY25-FY27, followed by a 4% increase in FY28 and FY29. Figure 3 illustrates the target and calculated debt service coverage between FY25-FY29. $100 S&O S6,0 SJ -0 52.0 $0,0 Figure]: Water Revenue and Expenditures FY25 FY -n fY27 FY28 FY29 �Revenues »Expenditures7--n, Ending Balance ---Target Reserve 3 Debt service coverage = [Revenues less expenses (excluding depreciation)] / annual debt service CITY OF LAUREL INA T R AND WASTEWATER 6 .TE STUDY Figure 2: Proposed Annual WaterRate Irurecases Figure 3: Debt Service Coverage 3.76 w FY 25 -Y26 FY 2.7 F'ti 28 ^Y 29 Ca c.,13.ed'D; tat Service Coverage --Tar e, lloeora ,c 1.20x Debt Service Raftelis completed this comprehensive cost -of -service analysis by standard methods supported by the American Water Works Association (AWWA) in its M1 manual, Principles of Water Rates, Fees, and Charges. This analysis determines the cost of providing water service to each customer class and guides the design of the proposed rates. The general steps of the cost -of -service analysis are: 1. Revenue requirement. Determine the level of revenue required from rates. The revenue requirement includes expenditures in the operating fund: O&M, debt service, capital projects, reserves, and changes in fund balance. 2. Costfunctionalization. Assigns the costs detailed in the revenue requirements (i.e. O&M, capital, revenue offsets) to functional areas in the system. Functional areas include water treatment, transmission and distribution, storage, source of supply, meters, and services, and billing and administrative costs. Costs are functionalized based on the facility that has the most influence on that expense. For example, chemical costs are most influenced by treatment processes so those costs would be allocated to the water treatment category. 3. Allocation ofFunctionalized Costs to System Demand Parameters. Functional costs can be allocated to demand parameters and customer characteristics. Demand parameters include average day demands and peak demands. Customer characteristics include the number of accounts by meter CITY OF LAUREL VJATER AND VVS-iEWATER RATE STLIDY 12 size and bills. Each facility is designed to meet specific design requirements in the system. For Z:� example, water treatment facilities are designed and operated to meet maximum day demands. As a result, a portion of water treatment costs would be allocated to the average day demand category and a portion to the peak demand category. These assignments are completed for all the revenue requirement line items 4. Units of service. The units of service capture the demand and customer characteristics for each customer class. These characteristics include average day demand, peak demand, number of accounts by meter size, and the number of bills. 5. Distribution of costs to customer classes. Because customer classes are defined by their demand parameters (average day and peak demands) and the account makeup (meters by meter sizes), the allocated costs can be proportionately distributed to each class based on their specific demand and customer characteristics. For example, if the residential customer class represents 50% of total peak day demands, they would be allocated 50% of the allocated peak day demand costs. Figure 4 illustrates the cost allocation process for a typical water utility. Figure 5 shows the change in the distribution of costs between the customer classes under existing rates and the cost of service analysis. -F'-' Revenue offsets • Misc. Revenue • Fees • Other Income Figure 4 The Standard Cost Allocation Process - -- Billing& Admin Customer costs • Meters & Services Equivalent Meters • Billing &Admin . Bills • Commercial CITY OF LAUREL VVATER AND WASTEWATER RATE STUDY Figure 5: Allocation of Water Utility Costs Under Current Rates Compared to the Allocated Cost of Service 100% 80% 60% 40% 20% 0% H Revenue at Existing Rates Cost of Service Rate Design A basic consideration in developing water rate schedules is to establish equitable charges to customers that are commensurate with the cost of providing service. Raftelis developed rates for each customer class based on the customer class cost developed in the cost -of -service analysis. Figure 6 compares the existing and FY25 proposed rates. Existing structure • Monthly minimum charge which varies by meter size • 1,000 gallons volume allowance • Capital charge which varies by meter size (per EDU) • Uniform volume rate same for all customer classes Proposed • Monthly base charge which varies by meter size • No volume allowance • Capital charge which varies by meter size • Residential volume rate: 4 -tiered rate structure • Commercial, industrial, and irrigation volume rate: uniform rate MY OF LAUREEL WATEF','AND WASTEWATER RATE STUDY Figure 6.Existing and proposed water utility base charges Wastewater Utility t Financial Pias. The FY25 beginning balance is projected at $2.5 million. Wastewater revenues consist primarily of rate revenues and nominal non -rate revenue. Rate revenues at current rates are estimated at $1.948 million. Other non -rate revenue includes interest income and other miscellaneous sources which in total averages $100,000 annually. The City is currently paying down balances on four SRF loans; no additional loans or grants are anticipated in the wastewater utility for the study period of FY25-FY29. Total debt service payments in FY25 equal $512,000; debt service payments in FY26- FY29 are $468,000 annually. Capital projects in the wastewater utility will be funded by exiting revenue streams. Capital costs in FY25 are estimated at $994,000 and future years average $474,000 annually. The 5 -year CIP during this same period totals $3.17 million. The City has a reserve target of $2.66 million for FY25 and a debt service coverage requirement' of 1.20xas part of the loan covenants. Rate revenues should be sufficient to meet annual requirements, including target reserves and debt service coverage. Revenues at current rates are insufficient to meet these requirements. Annual adjustments of 25% in the second half of FY25 followed by annual increases of 9% in FY26 through FY28, and 5% in FY29 are needed. The initial 25% rate increase is required to meet the target debt service coverage. Future increases are required to the debt service coverage and the reserve targets. The FY25 increase is anticipated to be effective for 6 months of the fiscal year. Figure 7 shows the cash flow for the operating fund, as well as ending fund balances, and target reserves. Figure 8 shows the projected revenue increases for the study period and Figure 9 shows the calculated debt service for the study period. ' Debt service coverage = [Revenues less expenses (excluding depreciation)] / annual debt service Residential Combined Commercial and Irrigation I Industrial Monthly Monthly Monthly Meter Size Base Rate [S] Meter Size Base Rate [11 Meter Size Base Rate [11 Inches Inches inches 3/4" $32.61 3/4" $32.61 3/4" $32.61 1" $56.11 1" $56.11 1" $56.11 1.25" $85.57 1.25" $85.57 1.25" $85.57 1.5" $121.86 1.5" $121.86 1.5" $121.86 2" $215.28 2" $215.28 2" $215.28 3" $478.86 3" $478.86 3" $478.86 4" $852.82 4" $852.82 4" $852.82 6" $1,915.49 6" $1,915.49 6" $1,915.49 10" $5,291.82 10" $5,291.82 10" $5,291.82 Rate, $ per Rate, $ per Threshold % Vol Price Ratio Kgal Threshold % Vol Price Ratio Kgal Threshold % Vol Price Ratio Rate, $ per Kgal 5 57.3% 1.00 $2.17 All Usage 100.0% 1.00 3.27 All Usage 100.0% 1.00 4.02 10 17.6% 1.25 $2.71 20 15.0% 1.50 $3.26 > 20 10.0% 2.00 $4.34 [1] Base Rate includes the $8.00 per EDU charge Wastewater Utility t Financial Pias. The FY25 beginning balance is projected at $2.5 million. Wastewater revenues consist primarily of rate revenues and nominal non -rate revenue. Rate revenues at current rates are estimated at $1.948 million. Other non -rate revenue includes interest income and other miscellaneous sources which in total averages $100,000 annually. The City is currently paying down balances on four SRF loans; no additional loans or grants are anticipated in the wastewater utility for the study period of FY25-FY29. Total debt service payments in FY25 equal $512,000; debt service payments in FY26- FY29 are $468,000 annually. Capital projects in the wastewater utility will be funded by exiting revenue streams. Capital costs in FY25 are estimated at $994,000 and future years average $474,000 annually. The 5 -year CIP during this same period totals $3.17 million. The City has a reserve target of $2.66 million for FY25 and a debt service coverage requirement' of 1.20xas part of the loan covenants. Rate revenues should be sufficient to meet annual requirements, including target reserves and debt service coverage. Revenues at current rates are insufficient to meet these requirements. Annual adjustments of 25% in the second half of FY25 followed by annual increases of 9% in FY26 through FY28, and 5% in FY29 are needed. The initial 25% rate increase is required to meet the target debt service coverage. Future increases are required to the debt service coverage and the reserve targets. The FY25 increase is anticipated to be effective for 6 months of the fiscal year. Figure 7 shows the cash flow for the operating fund, as well as ending fund balances, and target reserves. Figure 8 shows the projected revenue increases for the study period and Figure 9 shows the calculated debt service for the study period. ' Debt service coverage = [Revenues less expenses (excluding depreciation)] / annual debt service C.'f Y OF LAUREL VVATER AND INASTEWATER RATE STUDY Figure 7: Wastewater Cash Prow Sununary , Y2=.Y Y.s Revof'.t,esf%s. dWuit'-� £ din s t. 1St �.-..,,..,.. taf^t li s*r•.:� Figure 8: Proposed Annual Water Rate Increases 5,0% 11 0 11 11 M FY2S d26 F'Y27 Ft28 FY'29 Figure 9.• Debt Service Coverage FY25 5Y26 FY27 FY28 FY29 OM Debt Serve e Cmeeace—Debt Sfrvire Coverage Target 11 Cost of Service If Raftelis completed a modified cost -of -service analysis based on standard methods supported by the Water Environment Federation Manual of Practice 27 (MOP27). This analysis determines the cost of providing wastewater service to each customer class and guides the design of the proposed rates. The rate structures developed for this study are based on normal strength contributions of biochemical oxygen CITY OF LAUREL 10 WATER AND WASTEWATER RATE STUDY demand (BOD) and total suspended solids (TSS). As a result, Raftelis did not complete a cost allocation analysis to determine high strength surcharges. The cost of service analysis focused on customer related costs and volume related costs only. Customer costs recover the cost of billing, general administrative costs, and a portion of capital related costs. The volume rate recovers the cost to collect and convey wastewater to the wastewater treatment plant. Figure 10 illustrates the minor shift in wastewater utility costs across customer classes with current rates compared to cost of service rates. Figure 10.: fillocation of Wastewater Utility Costs Under Current Rates Compwred to the Allocated Cost of Service 100% 80% 60% 20% 0% R Revenue at Existing Rates Cost of Service Rate Design A basic consideration in developing wastewater rate schedules is the establishment of fair charges to customers commensurate with the cost of providing their service. Based on review of the cost of service analysis, Raftelis proposes making some changes to the existing rate structure, as summarized below in Figure 11: Figure 11: Comparison ofExisting and Proposed FY25 Rates Monthly Minimum Charge/Base Charge, $ per Bill Meter Size Existing Proposed Inches 3/4" $29.24 $29.24 V. 52.34 52.34 1.25" 81.29 81.29 1.5" 116.96 116.96 2" 208.77 208.77 3" 467.84 467.84 4" 835.39 835.39 6" 1,879.84 1,879.84 101, 5,198.29 5,198.29 Volume Rate, $per 1,000 Gallons Existing Proposed All Usage $5.27 $8.45 Table A-1 City of Laurel Table A-1 Water Utility Operating Subfund Cash Flow Analysis 7 5/8" Bypass 28,600 For the Fiscal Year Ending June 30 28,600 Line 28,600 Budget System Development Fees Projected 0 0 No. Description 2025 2026 2027 2028 2029 2,000 2,000 CHS Revenue Sources of Funds 10 Raw Water -CHS 172,400 172,400 172,400 172,400 Water Sales Revenue 11 Settled Water -CHS 26,300 26,300 26,300 1 Total Revenue from Existing Water Rates RateRev_Projected 3,312,915 3,313,322 3,313,322 3,313,322 3,313,322 2 Additional Water Sales Revenue from Rate Increases Y 265,033 1,145,084 1,858,429 2,065,299 2,280,444 3 Total Water Rate Revenue 3,577,948 4,458,406 5,171,751 5,378,621 5,593,765 5,649,221 Other Operating Revenue Uses of Funds 4 Water Line Insurance ($1/month) 33,000 33,000 33,000 33,000 33,000 5 Sales of Water Supplies 2,000 2,000 2,000 2,000 2,000 6 Fire Line 6,300 6,300 6,300 6,300 6,300 7 5/8" Bypass 28,600 28,600 28,600 28,600 28,600 8 System Development Fees 0 0 0 0 0 9 Miscellaneous Water 2,000 2,000 2,000 2,000 2,000 CHS Revenue 10 Raw Water -CHS 172,400 172,400 172,400 172,400 172,400 11 Settled Water -CHS 26,300 26,300 26,300 26,300 26,300 12 Rate Increase (2027 and 2032 per Contract) 0 0 0 0 0 13 Total CHS Non -Potable Revenues _ 198,700 198,700 198,700 198,700 198,700 14 Total Sources 3,848,548 4,729,006 5,442,351 5,649,221 5,864,365 Uses of Funds 15 Operation and Maintenance Expense 2,997,500 3,127,420 3,262,541 3,387,503 3,517,285 Debt Service Existing Debt Service 16 WRF-19431 305,285 305,290 306,171 306,918 307,529 17 WRF-17371 121,125 121,021 120,973 121,668 121,406 18 Proposed State Loans 0 0 1,190,359 1,421,818 1,421,818 19 Proposed Revenue Bonds 0 0 0 0 0 20 Total Debt Service 426,410 426,311 1,617,503 1,850,403 1,850,753 21 Transfer to Capital Fund 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 22 Total Uses 4,623,910 4,753,731 6,080,043 6,437,906 6,568,038 23 Annual Surplus (Deficiency) (775,362) (24,725) (637,693) (788,686) (703,673) 24 Beginning Balance 4,566,901 3,791,539 3,766,814 3,129,121 2,340,436_ 25 Ending Balance 3,791,539 3,766,814 3,129,121 2,340,436 1,636,763 Target Reserves 26 90 Days 0&M 739,110 771,145 804,462 835,275 867,276 27 Meter Deposits 250,709 250,709 250,709 250,709 250,709 28 Total Target Reserves 989,819 1,021,854 1,055,171 1,085,984 1,117,985 29 Unrestricted Funds 2,801,721 2,744,961 2,073,950 1,254,452 518,778 30 Debt Service Coverage 2.00 3.76 1.35 1.22 1.27 31 Target 1.20 1.20 1.20 1.20 1.20 30 Annual Water Service Revenue Increase 16.0% 16.0% 16.0% 4.0% 4.0% 32 Cumulative Revenue Increase 16.0% 34.6% 56.1% 62.3% 68.8% 33 CHS Settled Water/Non-Potable Revenue Increase 0 0 ' 56.1% Draft -For Discussion Purposes Only Table A-2 City of Laurel Water Utility Capital Subfund Cash Flow Analysis Line No Description Budget 2025 For the Fiscal Year Ending lune 30 Projected 2026 2027 2028 Table A-2 2029 1 Transfer from OP 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 2 Proposed Revenue Bonds 0 0 0 0 0 3 Proposed State Loans (30 -Year, 2.5% Int) 0 0 18,556,701 3,608,247 0 4 Grants 0 207,500 1,867,500 0 0 5 Connection Fees 0 0 0 0 0 6 Interest Income 316,040 117,887 0 54,012 83,875 7 Total Sources 1,516,040 1,525,387 21,624,201 4,862,260 1,283,875 Uses of Funds 95,903 95,903 19 Cash - Bond Reserve DNRC IV 133,828 8 PAYGO Capital Projects 1,341,000 831,820 21,295,580 7,070,665 692,853 9 Total Uses 1,341,000 831,820 21,295,580 7,070,665 692,853 10 Annual Surplus/(Deficiency) 175,040 693,567 328,622 (2,208,406) 591,022 it Beg Balance (Restricted) 4,111,503 4,286,543 4,980,111 5,308,732 3,100,326 12 Ending Balance 4,286,543 4,980,111 5,308,732 3,100,326 3,691,348 Draft -For Discussion Purposes Only Target Reserves 13 Target Reserve (1 -Year RC Depreciation Expense) 1,500,000 1,545,000 1,591,350 1,639,091 1,688,263 14 Cash - Meter replacement 137 137 137 137 137 15 Cash - Restricted - Water Line 276,439 276,439 276,439 276,439 276,439 16 Cash - Refinanced Bonds 736,505 736,505 736,505 736,505 736,505 17 Cash - Bond Reserve SFR SED 169,546 169,546 169,546 169,546 169,546 18 Cash - Bond Reserve DNRC IV 95,903 95,903 95,903 95,903 95,903 19 Cash - Bond Reserve DNRC IV 133,828 133,828 133,828 133,828 133,828 20 Total Target Reserves 2,912,357 2,957,357 3,003,707 3,051,448 3,100,621 21 Unrestricted Cash 1,374,186 2,022,753 2,305,025 48,879 590,728 Draft -For Discussion Purposes Only City of laurel Table A-3 Water Utility Annual Operation and Maintenance Expense For the Fiscal Year Ending June 30 Line Budget Projected No. Fund Fund Description Account Description 2025 2026 2027 2028 2029 5210-430566 WATER - PURIFICATION AND TREATMENT 1 392 ADMINISTRATIVE SERVICES 121,000 126,445 132,135 137,420 142,917 5210-430540 WATER-PURIFICATION AND TREATMENT 2 500 Water Plant 110 SALARIES AND WAGES 570,000 595,650 622,454 647,352 673,247 3 500 Water Plant 111 OVERTIME 15,800 16,511 17,254 17,944 18,662 4 500 Water Plant 138 VISION INSURANCE 600 627 655 681 709 5 500 Water Plant 139 DENTAL INSURANCE 4,500 4,703 4,914 5,111 5,315 6 500 Water Plant 141 UNEMPLOYMENT INSURANCE 1,800 1,881 1,966 2,044 2,126 7 500 Water Plant 142 WORKERS' COMPENSATION 18,000 18,810 19,656 20,443 21,260 8 500 Water Plant 143 HEALTH INSUANCE 97,000 101,365 105,926 110,163 114,570 9 500 Water Plant 144 LIFE INSURANCE 1,200 1,254 1,310 1,363 1,417 10 500 Water Plant 145 FICA 42,000 43,890 45,865 47,700 49,608 11 500 Water Plant 146 PERS 47,000 49,115 51,325 53,378 55,513 12 500 Water Plant 149 ST/LT DISABILITY 4,500 4,703 4,914 5,111 5,315 13 500 Water Plant 194 FLEX MEDICAL 6,500 6,793 7,098 7,382 7,677 14 500 Water Plant 220 OPERATING SUPPLIES 25,000 26,000 27,040 27,986 28,966 15 500 Water Plant 221 CHEMICALS 165,000 171,600 178,464 184,710 191,175 16 500 Water Plant 222 LABORATORY & MEDICAL SUPP 8,000 8,320 8,653 8,956 9,269 17 500 Water Plant 226 CLOTHING AND UNIFORMS 1,200 1,254 1,310 1,363 1,417 18 500 Water Plant 231 GAS, OIL, DIESEL FUEL, GR 7,000 7,315 7,644 7,950 8,268 19 500 Water Plant 232 MOTOR VEHICLE PARTS 2,000 2,080 2,163 2,239 2,317 20 500 Water Plant 233 MACHINERY & EQUIPMENT PAR 16,000 16,640 17,306 17,911 18,538 21 500 Water Plant 241 CONSUMABLETOOLS 1,000 1,040 1,082 1,119 1,159 22 500 Water Plant 263 SAFETY SUPPLIES 2,000 2,080 2,163 2,239 2,317 23 500 Water Plant 312 NETWORKING FEES 5,000 5,200 5,408 5,597 5,793 24 500 Water Plant 335 MEMBERSHIPS & DUES 1,500 1,560 1,622 1,679 1,738 25 500 Water Plant 337 ADVERTISING 2,500 2,600 2,704 2,799 2,897 26 500 Water Plant 339 CERTIFICATION RENEWAL 2,000 2,080 2,163 2,239 2,317 27 500 Water Plant 341 ELECTRIC UTILITY SERVICES 200,000 208,000 216,320 223,891 231,727 28 500 Water Plant 343 CELLULAR TELEPHONE 1,200 1,254 1,310 1,363 1,417 29 500 Water Plant 344 GAS UTILITY SERVICE 35,000 36,400 37,856 39,181 40,552 30 500 Water Plant 345 TELEPHONE 1,100 1,150 1,201 1,249 1,299 31 500 Water Plant 349 QUALITYTESTING 10,000 10,400 10,816 11,195 11,586 32 500 Water Plant 350 PROFESSIONAL SERVICES 15,000 15,600 16,224 16,792 17,380 33 500 Water Plant 351 MEDICAL, DENTAL, VETERINARY 1,000 1,045 1,092 1,136 1,181 34 500 Water Plant 355 DATA PROCESSING SERVICES - - - - 35 500 Water Plant 360 REPAIR & MAINTENANCE SERVICES 3,000 3,120 3,245 3,358 3,476 36 500 Water Plant 364 WATER / SEWER STRUCTURE & EQUIP 250,000 260,000 270,400 279,864 289,659 37 500 Water Plant 366 BUILDING MAINTENANCE 50,000 52,000 54,080 55,973 57,932 38 500 Water Plant 370 TRAVEL 4,000 4,160 4,326 4,478 4,635 39 500 Water Plant 380 TRAINING SERVICES 3,000 3,120 3,245 3,358 3,476 40 500 Water Plant 397 CONTRACTED SERVICES 16,000 16,640 17,306 17,911 18,538 41 500 Water Plant 511 INSURANCE ON BLDGS/IMPRVM 9,500 9,880 10,275 10,635 11,007 42 500 Water Plant 513 LIABILITY 22,155 23,041 23,963 24,802 25,670 43 500 Water Plant 514 VEHICLE/EQUIPMENT INSURANCE - - - - 44 500 Water Plant 519 POLLUTION INSURANCE - - - - - 45 500 Water Plant 533 MACHINERY & EQUIPMENT RENTAL 20,000 20,800 21,632 22,389 23,173 46 500 Water Plant 544 DISCHARGE PERMIT FEE 3,000 3,120 3,245 3,358 3,476 47 900 Water Plant 900 CAPITAL OUTLAY - - - - - 48 900 Water Plant 920 BUILDINGS 49 900 Water Plant 930 IMPROVEMENTS OTHER THAN B 50 900 Water Plant 940 MACHINERY & EQUIPMENT 51 Water Plant 943 NEW VEHICLE 52 900 Water Plant 946 COMPUTER EQ/SOFTWARE - - - - - 5210.430550WATER-TRANSMISSION AND DISTRIBUTION 53 540 Water System 110.00 SALARIES AND WAGES 335,000 350,075 365,828 380,462 395,680 54 540 Water System 111.00 OVERTIME 3,500 3,658 3,822 3,975 4,134 55 540 Water System 138.00 VISION INSURANCE 325 340 355 369 384 56 540 Water System 139.00 DENTAL INSURANCE 2,100 2,195 2,293 2,385 2,480 57 540 Water System 141.00 UNEMPLOYMENT INSURANCE 1,000 1,045 1,092 1,136 1,181 58 540 Water System 142.00 WORKERS' COMPENSATION 9,200 9,614 10,047 10,448 10,866 59 540 Water System 143.00 HEALTH INSUANCE 42,500 44,413 46,411 48,268 50,198 60 540 Water System 144.00 LIFE INSURANCE 500 523 546 568 591 61 540 Water System 145.00 FICA 18,000 18,810 19,656 20,443 21,260 62 540 Water System 146.00 PERS 21,000 21,945 22,933 23,850 24,804 Draft -For Discussion Purposes Only City of Laurel Table A-3 Water Utility Annual Operation and Maintenance Expense For the Fiscal Year Ending June 30 Line Budget Projected No. Fund Fund Description Account Description 2025 2026 2027 2028 2029 63 540 Water System 149.00 ST/LT DISABILITY 2,500 2,613 2,730 2,839 2,953 64 540 Water System 194.00 FLEX MEDICAL 2,800 2,926 3,058 3,180 3,307 65 540 Water System 220.00 OPERATING SUPPLIES 26,000 27,170 28,393 29,528 30,709 66 540 Water System 221.00 CLOTHING AND UNIFORMS 1,800 1,881 1,966 2,044 2,126 67 540 Water System 226.00 REPAIR & MAINTENANCE SUPP 15,000 15,600 16,224 16,792 17,380 68 540 Water System 231.00 GAS, OIL, DIESEL FUEL, GR 16,000 16,640 17,306 17,911 18,538 69 540 Water System 232.00 MOTOR VEHICLE PARTS 5,000 5,200 5,408 5,597 5,793 70 540 Water System 233.00 MACHINERY & EQUIPMENT PAR 30,000 31,200 32,448 33,584 34,759 71 S40 Water System 239.00 TIRES/TUBES/CHAINS 3,000 3,120 3,245 3,358 3,476 72 540 Water System 241.00 CONSUMABLETOOLS - - - - - 73 540 Water System 263.00 SAFETY SUPPLIES 1,500 1,560 1,622 1,679 1,738 74 540 Water System 311.00 POSTAGE 6,400 6,656 6,922 7,165 7,415 75 540 Water System 312.00 NETWORKING FEES 11000 1,040 1,082 1,119 1,159 76 540 Water System 337.00 ADVERTISING 1,000 1,045 1,092 1,136 1,181 77 540 Water System 339.00 CERTIFICATION RENEWAL 1,200 1,254 1,310 1,363 1,417 78 540 Water System 341.00 ELECTRIC UTILITY SERVICES 15,600 16,302 17,036 17,717 18,426 79 540 Water System 343.00 CELLULAR TELEPHONE 3,000 3,135 3,276 3,407 3,543 80 540 Water System 350.00 PROFESSIONAL SERVICES 50,000 52,250 54,601 56,785 59,057 81 540 Water System 351.00 MEDICAL, DENTAL, VETERINARY 1,000 1,045 1,092 1,136 1,181 82 540 Water System 355.00 DATA PROCESSING SERVICES 2,500 2,613 2,730 2,839 2,953 83 540 Water System 360.00 REPAIR& MAINTENANCE SERV 20,000 20,900 21,841 22,714 23,623 84 540 Water System 362.00 OFFICE MACHINERY & EQUIP 25,000 26,125 27,301 28,393 29,528 85 540 Water System 367.00 WATER/SEWER LINES REPAIR 200,000 209,000 218,405 227,141 236,227 86 540 Water System 368.00 CURB BOX REPAIR/REPLACE 25,000 26,125 27,301 28,393 29,528 87 540 Water System 370.00 TRAVEL 3,000 3,135 3,276 3,407 3,543 88 540 Water System 380.00 TRAINING SERVICES 5,000 5,225 5,460 5,679 5,906 89 540 Water System 397.00 CONTRACTED SERVICES 16,000 16,720 17,472 18,171 18,898 90 540 Water System 452.00 GRAVEL AND SAND - - - - 91 540 Water System 511.00 INSURANCE ON BLDGS/IMPRVM 8,365 8,741 9,135 9,500 9,880 92 540 Water System 513.00 LIABILITY 8,989 9,394 9,816 10,209 10,617 93 540 Water System 514.00 VEHICLE/EQUIPMENTINSURAN 3,566 3,726 3,894 4,050 4,212 94 540 Water System 530.00 RENT 182,000 190,190 198,749 206,698 214,966 95 540 Water System 532.00 LAND RANTAL/EASEMENTS 11,800 12,331 12,886 13,401 13,937 96 540 Water System 533.00 MACHINERY & EQIPMENT RENT - - - - - 97 540 Water System 540.00 SPECIAL ASSESSMENTS - - - - - 98 540 Water System 543.00 SERVICE CONNECTION FEE 6,100 6,375 6,661 6,928 7,205 99 540 Water System 811.00 LIABILITY DEDUCTIBLES - - - - - 100 900 Water System 901 MISC CAPITAL PROJECTS 101 900 Water System 938 REPLACE WATER/SEWER LINE 102 900 Water System 949 VEHICLE(S) 103 901 Water System 950 MINI EXCAVATOR - - - - - 5210-430551 MURRAY HEIGHTS SUBDIVISION - BOOSTERSTATION 104 540.00 Water System 220.00 Operating Supplies 500 523 543 565 588 105 540.00 Water System 231.00 Gas, Oil, Diesel Fuel, Gr - - - - - 106 540.00 Water System 241.00 Consumable Tools - - - - - 107 540.00 Water System 341.00 Electric Utility Services 15,000 15,675 16,302 16,954 17,632 108 540.00 Water System 344.00 Gas Utility Services 800 836 869 904 940 109 540.00 Water System 360.00 Repair & Maintenance Sery 5,000 5,225 5,434 5,651 5,877 110 540.00 Water System 366.00 Building Maintenance 5,000 5,225 5,225 5,225 5,225 5210-430552 WATER RESERVOIR 111 540 Water System 220.00 Operating Supplies 300 314 326 339 353 112 540 Water System 341.00 Electric Utility Services 1,500 1,568 1,630 1,695 1,763 113 540 Water System 350.00 Professional Services 7,500 7,838 8,151 8,477 8,816 114 540 Water System 364.00 Water/Sewer Struct. & Equ - - - - - 115 540 Water System 452.00 Gravel and Sand 116 900 Water System 920.00 Buildings - - - - - 5210-430553: ELENA BOOSTER STATION 117 540 Water System 220 Operating Supplies 100 105 109 113 118 118 540 Water System 231 Gas, Oil, Diesel Fuel, Gr 500 523 543 565 588 119 540 Water System 233 Machinery & Equipment Par 1,500 1,568 1,630 1,695 1,763 120 540 Water System 341 Electric Utility Services 7,500 7,838 8,151 8,477 8,816 121 540 Water System 350 Professional Services 500 523 543 565 588 122 540 Water System 360 Repair & Maintenance Sery 1,000 1,045 1,087 1,130 1,175 123 540 Water System 366 Building Maintenance 500 523 543 565 588 Draft -For Discussion Purposes Only City of laurel Table A-3 Water Utility Annual Operation and Maintenance Expense For the Fiscal Year Ending lune 30 Line Budget Projected No. Fund Fund Description Account Description 2025 2026 2027 2028 2029 5210-521000" INTERFUND OPERATING TRANSFERS OUT 124 540 Water 820 Transfers to Other Funds 5,000 5,000 5,000 5,000 5,000 125 Total Operating Budget Total Operation and Maintenance Expense 2,997,500 3,127,420 3,262,541 3,387,503 3,517,285 Total Operation and Maintenance Expenses 2,997,500 3,127,420 3,262,541 3,387,503 3,517,285 900.00 Capital Expenditures 0 0 0 0 0 Total Operating Budget 2,997,500 3,127,420 3,262,541 3,387,503 3,517,285 Draft -For Discussion Purposes Only City of Laurel Water Utility Water Capital Improvement Plan Excluding Inflation Table A-4 For the Fiscal Year Ending lune 30 Line Budget Projected 2025-2029 No. Title 2025 2026 2027 2028 2029 Total 1 Bulk Water Sales Station - On Hold 2 West 7th St Wtr Replacement - Combined w/1st Ave 3 Riverside Park Water + Irrigation System 4 Water Treatment Plant Stormwater Improvements 5 New Wtr Tank, Booster Station & Piping Redun 6 1st Ave. Water Valve Installation w/ W 7th 7 City Wide Valve & Hydrant Replacement Project 8 Replacement of Water Lines ($900 ft @ 450 If) 9 Water Tank Painting 10 Filters 11 949 -Mini Excavator 12 920 -Buildings -Reserve 13 Miscellaneous Undesignated Projects 14 Total Capital Improvement Ex. Inflation Draft -For Discussion Purposes Only 4,601,000 796,000 19,501,000 6,196,000 581,000 400,000 650,000 360,000 125,000 18,885,000 340,000 580,000 405,000 1,000,000 5,000,000 150,000 20,000 500,000 31,675,000 400,000 650,000 0 360,000 125,000 210,000 18,675,000 170,000 170,000 145,000 145,000 145,000 145,000 81,000 81,000 81,000 81,000 81,000 200,000 800,000 5,000,000 150,000 20,000 500,000 4,601,000 796,000 19,501,000 6,196,000 581,000 400,000 650,000 360,000 125,000 18,885,000 340,000 580,000 405,000 1,000,000 5,000,000 150,000 20,000 500,000 31,675,000 City of laurel Table A-5 Water Utility Water Capital Improvement Plan (Inflated) Annual Inflation 0.0% 4.5% 4.5% 4.5% 4.5% Cumulative Inflation 0.0% 4.5% 9.2% 14.1% 19.3% For the Fiscal Year Ending June 30 Line Budget Projected 2025-2029 No. Title 2025 2026 2027 2028 2029 Total 1 Bulk Water Sales Station - On Hold - - 436,810 - - 436,810 2 West 7th St Wtr Replacement - Combined wJ1st Ave 650,000 - - - 650,000 3 Riverside Park Water + Irrigation System - 376,200 - - 376,200 4 Water Treatment Plant Stormwater Improvements 125,000 - - - 125,000 5 New Wtr Tank, Booster Station & Piping Redun - 219,450 20,393,567 - - 20,613,017 6 1st Ave. Water Valve Installation wJ W 7th 170,000 - - 193,998 - 363,998 7 City Wide Valve & Hydrant Replacement Project 145,000 151,525 158,344 165,469 - 620,338 8 Replacement of Water Lines ($900 ft @ 450 If) 81,000 84,645 88,454 92,434 96,594 443,127 9 Water Tank Painting - - 218,405 912,933 - 1,131,338 10 Filters - - - 5,705,831 - 5,705,831 11 Settling Pond (2011 Great Westen MP) - - - - - - 12 920 -Buildings -Reserve 20,000 - - - 20,000 13 Miscellaneous Undesignated Projects - - - 596,259 596,259 14 Total Capital Improvement Program Including Inflation 1,341,000 831,820 _- 21,295,580 7,070,665 692,853 31,231,918 Draft -For Discussion Purposes Only City of Laurel 'fable A-6 Water !Utility Test Year 2025 Revenue Requirement Line Operating No• Description Expense Capital Expense Total Draft -For Discussion Purposes Only Revenue Requirement 1 Operation and Maintenance Expense 2,997,500 2,997,500 2 Repair and Replacement Capital 1,200,000 1,200,000 3 Debt Service 426,410 426,410 4 Total Revenue Requirements 2,997,500 1,626,410 4,623,910 Less Revenue Offsets 5 Water Line Insurance ($1/month) (33,000) (33,000) 6 Sales of Water Supplies (2,000) (2,000) 7 Fire Line (6,300) (6,300) 8 5J8" Bypass (28,600) (28,600) 9 System Development Fees 0 0 10 Miscellaneous Water (2,000) (2,000) 0 CHS Revenue 0 11 Raw Water -CHS (172,400) (172,400) 12 Settled Water -CHS (26,300) (26,300) 13 Rate Increase (2027 and 2032 per Contract) 0 0 14 Change in Fund Balance (330,826) (179,502) (510,328) 15 Subtotal Revenue Offsets (601,426) (179,502) (780,928) 16 Net Revenue Requirement 2,396,074 1,446,908 3,842,982 Draft -For Discussion Purposes Only City of Laurel Water Utility Allocation of Water System Assets and Annual Capital Costs Table A-7 Volume I Customer Related Line Maximum Day Maximum Hour Meters S, General & No. Description O&M Costs Base Demand Demand Services Billing indirect Admin Total Water System Assets 1 Source of Supply 2 Treatment 3 Transmission &Distribution 4 Customer/Billing 5 Meters & Services 6 Public Fire 7 Not Used 8 Not Used 9 General & Admin 10 Pump Station 11 Treated Storage 12 land 13 Total Draft -For Discussion Purposes Only 100.01/ 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% City of Laurel 2,841,754 0 Table A-8 Water Utility 0 0 0 Allocation of Water System Assets and Annual Capital Costs 39,991,420 22,217,456 17,773,965 0 Volume Customer Related 0 Line Replacement maximum Day Maximum Hour Meters. General& No. Description Cost Base Demand Demand Services Billing Indirect Admin Total 0 0 33,042,881 0 Water System Assets 1 Source of Supply 2 Treatment 3 Transmission &Distribution 4 Customer/Billing 5 Meters & Services 6 Public Fire 7 Not Used 8 Not Used 9 General & Admin 10 Pump Station 11 Treated Storage 12 Land 13 0 14 Total Water System Assets 15 General & Admin, % 16 General & Admin Allocation, $ 17 Total Reallocated Assets 18 PercentofTotal 19 Annual Capital Costs (with Rev Req Adjustments) Draft -For Discussion Purposes Only 2,841,754 2,841,754 0 0 0 0 0 0 2,841,754 39,991,420 22,217,456 17,773,965 0 0 0 0 0 39,991,420 33,042,881 5,507,147 4,405,717 6,608,576 16,521,440 0 0 0 33,042,881 0 0 0 0 0 0 0 0 0 2,544,987 0 0 0 2,544,987 0 0 0 2,544,987 184,685 0 0 0 184,685 0 0 0 184,685 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18,474 0 0 0 0 0 0 18,474 18,474 53,810 29,895 23,916 0 0 0 0 0 53,810 969,401 323,134 258,507 387,761 0 0 0 0 969,401 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 79,647,413 30,919,385 22,462,105 6,996,337 19,251,113 0 0 1%474 79,647,413 TRUE 38.8% 28.2% 8.8% 24.25% 18,474 7,173 5,211 1,623 4,466 30,926,558 22,467,316 6,997,960 19,255,579 38.8°% 28.2% 8.8% 24.2% 1,446,908 561,825 408,150 127,128 349,805 City of Laurel Water Utility Operation and Maintenance Expense Functional Category Allocations Table A-9 1 2 3 4 5 Line Test Year Source of Trans/ Customer/ Meters& No. 2025 Supply Treatment Dist Billing Services Total 5210-430504 :WATER- PURIFICATION AND TREATMENT $ 1 500 392 ADMINISTRATIVE SERVICES 2 500 110 SALARIES AND WAGES 1 i.+ 570000 3 500 ill OVERTIME E 15;86D 4 500 138 VISION INSURANCE ^Y 600:: 5 500 139 DENTALINSURANCE W» 4,566 6 500 141 UNEMPLOYMENT INSURANCE h�� 1,8061 7 500 142 WORKERS' COMPENSATION sM �18,6OiY. 8 500 143 HEALTH INSUANCE }� 97,006 9 500 144 LIFE INSURANCEM..,1,206 149 10 500 145 FICA FLEX MEDICAL 11 500 146 PERS ': 47,000 (,.w,...�. �.... 12 500 149 ST/LT DISABILITY j 41500' 13 500 194 FLEX MEDICAL6,500 _ N� 14 SOO 220 OPERATING SUPPLIES 250i)0� 15 500 221 CHEMICALS 165,000_ -- 16 500 222 LABORATORY & MEDICAL SUPP 8000 17 500 226 CLOTHING AND UNIFORMS fi 4N _1;200 18 500 231 GAS, OIL, DIESEL FUEL, GR _ 19 500 232 MOTOR VEHICLE PARTS _7 2000 , ,000: 20 500 233 MACHINERY & EQUIPMENT PAR [ 167000 341 ELECTRIC UTILITY SERVICES 21 500 241 CONSUMABLE TOOLS 1,000 22 500 263 SAFETY SUPPLIES 2,000 23 500 312 NETWORKING FEES ..51000 24 500 335 MEMBERSHIPS & DUES 4 1,500 25 500 337 ADVERTISING~_ 2,500 26 500 339 CERTIFICATION RENEWAL 2;004 27 SOO 341 ELECTRIC UTILITY SERVICES 200000 28 500 343 CELLULAR TELEPHONE „._- 1200 29 500 344 GAS UTILITY SERVICEmN. 35;000_ 30 500 345 TELEPHONE I � 1 100 31 500 349 QUAUTY TESTING 10,000 32 500 350 PROFESSIONAL SERVICES 15000' 33 500 351 MEDICAL, DENTAL, VETERINARY 34 500 355 DATA PROCESSING SERVICES 35 500 360 REPAIR & MAINTENANCE SERVICES 31000 36 500 364 WATER/SEWER STRUCTURE & EQUIP 250,000 37 500 366 BUILDING MAINTENANCE 50,000 38 500 370 TRAVEL 4,000. 39 500 380 TRAINING SERVICES 31000 40 500 397 CONTRACTED SERVICES '; 16,000'. 41 500 511 INSURANCE ON BLDGS/IMPRVM 9,500' 42 500 513 LIABILITY22,155 43 500 514 VEHICLE/ EQUIPMENT INSURANCE 44 500 519 POLLUTION INSURANCE 45 500 533 MACHINERY& EQUIPMENT RENTAL 20,006 46 500 544 DISCHARGE PERMIT FEE 3,000 47 500 900 CAPITAL OUTLAY 48 500 920 BUILDINGS 49 500 930 IMPROVEMENTS OTHER THAN B SO SOO 940 MACHINERY & EQUIPMENT SI 501 52 500 943 946 NEW VEHICLE COMPUTER EQJSOFTWARE 5210.430550 WATER -TRANSMISSION AND DISTRIBUTION 53 540 110 SALARIES AND WAGES 54 540 111 OVERTIME 55 540 138 VISION INSURANCE 56 540 139 DENTAL INSURANCE 57 540 141 UNEMPLOYMENT INSURANCE 58 540 142 WORKERS' COMPENSATION 59 540 143 HEALTH INSUANCE 60 540 144 LIFE INSURANCE 61 540 145 FICA 62 540 146 PERS 63 540 149 ST/LT DISABILITY 64 540 194 FLEX MEDICAL 65 540 220 OPERATING SUPPLIES 66 540 221 CLOTHING AND UNIFORMS 67 540 226 REPAIR & MAINTENANCE SUPP 68 540 231 GAS, OIL, DIESEL FUEL, GR 69 540 232 MOTOR VEHICLE PARTS 70 540 233 MACHINERY & EQUIPMENT PAR 71 540 239 TIRES/TUBES/CHAINS 72 540 241 CONSUMABLETOOLS 73 540 263 SAFETY SUPPLIES 74 540 311 POSTAGE 75 540 312 NETWORKING FEES 75 540 337 ADVERTISING 77 540 339 CERTIFICATION RENEWAL 78 540 341 ELECTRIC UTILITY SERVICES Draft -For Discussion Purposes Only 335,000.4 3,500. 100% ; # 100% 100% 100% 325: 100% 100% 2,100.: �_- 100%( ��— 100% 1,000 100% 100% 9,200 100% 100% 42,500. 100%, 100% 500 '. _ 100%j 100% ' 18,600 �� 1 100% 100% 21,600'. _ 2,500 100%, 100% 2,860 26,000: 1,800 15,000 : : 15,006 : 100% — 100% 100% 100% 100% i. 100% 100% 100% 100% 100% 5,000 : 100% 100% 30,600 100% 100% 000. 3,000 100% 100% 100% _ 100% 1,500:'. 100% 100% 6,400 100% 100% 1,000, 100% 100% 1,000:: 100% i 100% 1,200 '.I 100% 15,600': 100% 100% City of Laurel Table A-9 Water Utility Operation and Maintenance Expense Functional Category Allocations 1 2 3 4 5 Line Test Year Source of Trans ( customer/ Meters & No. 2025 Supply Treatment Dist Billing Services Total 79 540 343 CELLULAR TELEPHONE 3000 a 100% 1001A 80 540 350 PROFESSIONAL SERVICES 50000 # S00%��6i 3 i _ 100% 81 540 351 MEDICAL, DENTAL, VETERINARY 1,000 _ 100% 82 540 355 DATA PROCESSING SERVICES 2, SO_0 100% 83 540 360 REPAIR & MAINTENANCE SERV 20,00000 { E 100%1 a 100% 84 540 362 OFFICE MACHINERY&EQUIP i 25,0_00 R 10496c ) ; 100% k,.z......w...,....,.___-__.,.,:a,...,�..�.... 85 540 367 WATER/SEWER LINES REPAIR �^ 20U 600 ' 100% 100% 86 540 368 CURB BOX REPAIR/REPLACE 25,000 100% ) _ �� _ 100% 87 540 370 TRAVEL 3,000 88 540 380 TRAINING SERVICES f(_....�. ... 5000 1 ^,1mµ 104%-#i� -. �_- 100% 89 540 397 CONTRACTED SERVICES i 16044 # 100%( 100% 90 540 452 GRAVEL AND SAND _ > 100% 100% .5,..:: 91 540 511 INSURANCE ON BLDGSJIMPRVM i 8,365x 104% # 100% 92 540 513 LIABILITY w. 8 9$9 r :N 100% ___.. 3-^_ 100% 93 540 514 VEHICLE/EQUIPMENT INSURAN i -3,5-6-6-, ° 104%2 94 540 530 RENT s 182,000 --a-a 100%) ?- 100% 95 540 532 LAND RANTAL/EASEMENTS i 11,800 i 100%i i 100% 46 540 533 MACHINERY & EQIPMENT RENT 100% _ m 100% 97 540 540 SPECIAL ASSESSMENTS ' t 100%;.2 100% 98 540 543 SERVICE CONNECTION FEE t 6 i40 1 100% M M# 100% 99 540 811 LIABILITY DEDUCTIBLES LL s s 100%1 T 100% 100 540 901 MISC CAPITAL PROJECTS Lf _.�.� 304% # 100% 101 540 938 REPLACE WATER/SEWER LINE i ': 102 540 943 VEHICLE(S) i- = 1�% # i 100% m_(._.�._ 100% 103 540 949 MINI EXCAVATOR.'100% q ') 100% s..-._�.__.w�_....._._..... _...__........_.__ ,._.z.....-.._......_ __.___-__._.�,. ..�._..._._.._ __._.-.._..a.....e .__ 5210-+430551 MURRAY HEIGHTS SUBDIVISION - BOOSTER STATION 104 540 220 Operating Supplies+ 500- 100%y 105 540 231 Gas, Oil, Diesel Fuel, Gr 140% 100% 106 540 241 Consumable Tools 100% 107 540 341 Electric Utility Services -X15,000 p 100%1 M, £ �. 100% 108 540 344 Gas Utility Services :800 100% 109 540 360 Repair & Maintenance Sew 5,000 w 100% E _ 100% 110 540 366 Building Maintenance 5,000 ; i 100%I 100% 5210.430552 WATER RESERVOIR 111 540 220 Operating Supplies 300 :100%y ! s, 100% 112 540 231 Electric Utility Services 1,500_ _100%13 100% 113 540 241 Professional Services _ 7,500 I� IOQ% ' I 104% 114 540 341 Water/Sewer Strutt.&Equ ���� i 100% - i � 100% 115 540 344 Gravel and Sand ��; d00%� 100% 116 S40 360 Buildings100%! �i 100% 5210.430553 ELENA BOOSTER STATION 117 540 220 Operating Supplies100��� 100%! ,�..Y. W._.__....� -_.a.._.......�____-_._..,. 118 540 231 Gas, Oil, Diesel Fuel, Gr _ .500 i _ _ 100_%E ) ? 100% 119 540 233 Machinery & Equipment Par v :1,500 120 540 341 Electric Utility Services _ :7,500 _ 100% 121 540 350 Professional Services .- =500 100%f _�_..__ -; 100% 122 540 360 Repair & Maintenance Sew 1,000 I i .100% ' _`. 100% 123 540 366 Building Maintenance INTERFUND TING 124 540 521 820 000 Transfers to Other Funds OUT 5,400.. -- _ � �. � Do%, 125 Total ..:2,997,540:: 9,300 1,691,055 1,168,645 68,000 60,500 2,997,500 Source: City of Laurel - Expenditure Budget by Org Report- MultiYear Actuals 0.3% 56.4% 39.0% 2.3% 2.0% 100.0% 0.3% 56.4% 39.0% 2.3% 2.0% 0 0 0 0 0 0 Town of Laurel 9,300 1,691,055 1,168,645 68,000 60,500 Water Utility Summary Operation and Maintenance Expense Functional Category Allocations Test Year 2025 Line No Description Lookup Column-> 1 Source of Supply 2 0 Treatment 3 Trans/ Dist 4 Customer] Billing 5 Meters& Services Total 1 Total Allocation 9,300 1,691,055 1,168,645 68,000 60,500 2,997,500 126 All Other Infrastructure Reallocation 0.3% 56.4% 39.0% 2.3% 2.0% 127 Total All Other Infrastructure - - - - - 0 128 All Other General Reallocation 0.3% 56.4% 39.0% 2.3% 2.0% 129 Total Reallocated All Other General - - - - - 0 130 Total After Reallocation 9,300 1,691,055 1,168,645 68,000 60,500 2,997,500 131 % 0.3% 56.4% 39.0% 2.3% 2.0% 100.0% Draft -For Discussion Purposes Only City of Laurel Water Utility Allocation of Functionalized O&M Line No, Description Volume Customer Related Maxrmum Day Maximum Hour Meters & General & Total Base Demand Demand Services silting Indirect Admin Functions I Source of Supply 9,300 2 Treatment 1,691,055 3 Transmission & Distribution 1,168,645 4 Customer/Billing 68,000 5 Meters & Services 60,500 6 Public Fire 0 7 Common to Irrigation 0 8 All Other Infrastructure 0 9 General & Admin 0 10 Pump Station 0 11 Treated Storage 0 12 13 14 Total 2,997,500 Draft -For Discussion Purposes Only Table A-10 Total 100.0% 100.0% 100.0% 100.0% 100.0% 100,0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% City of Laurel Water Utility Allocation of Functionalized O&M Expenses to Cost Components Una No. Description Total Base Volume Maximum Day Max mum Hour Demand Demand Customer Related Meters & Services Billing Indirect General & Admin Table A-11 Total $ $ $ $ $ $ $ $ $ Functions 0 0 16 General & Admin Allocation, $ 0 0 0 0 0 0 1 Source of Supply 9,300 9,300 0 0 0 0 0 0 9,300 2 Treatment 1,691,055 939,475 751,580 0 0 0 0 0 11691,055 3 Transmission & Distribution 1,168,645 194,774 155,819 233,729 584,323 0 0 0 1,168,645 4 Customer Billing 68,000 0 0 0 0 68,000 0 0 63,000 5 Meters & Services 60,500 0 0 0 60,500 0 0 0 60,500 6 Public Fire 0 0 0 0 0 0 0 0 0 7 Common to Irrigation 0 0 0 0 0 0 0 0 0 8 All Other infrastructure 0 0 0 0 0 0 0 0 0 9 Indirect 0 0 0 0 0 0 0 0 0 10 Pump Station 0 0 0 0 0 0 0 0 0 11 Treated Storage 0 0 0 0 0 0 0 0 0 12 Total Allocated O&M 2,997,500 1,143,549 907,399 233,729 644,823 68,000 0 0 2,997,500 13 Percent of Total 38.2% 30.3% 7.8% 21.5% 2.3% 0.0% 0.0% 14 Indirect& G&A Allocation,% 38.2% 30.31% 78% 21.5% 2.35% Settling Water and Raw Water Allocation 55.6% 44.4% 15 Indirect Allocation, $ 0 0 0 0 0 0 16 General & Admin Allocation, $ 0 0 0 0 0 0 17 Subtotal Reallocated O&M -% 2,997,500 1,143,549 907,399 233,729 644,823 68,000 IS Subtotal Reallocated O&M -% 38.2;% 30.3% 7.8% 2L5% 2.3% 19 Miscellaneous Revenue Offsets (71,900) (27,430) (21,765) (5,606) (15,467) (1,631) 20 Allocation of Change in Fund Balance (330,826) (126,210) (100,147) (25,796) (71,167) (7,505) 21 Settling and Raw Water Revenue (198,700) (110,389) (88,311) 0 0 0 22 Total Revenue Offsets (601,426) (264,029) (210,224) (31,402) (86,634) (9,136) 19 Annual O&M Expenses with Reallocations (with Rev Req Adjustme 2,396,074 879,520 697,176 202,327 558,188 58,864 Draft -For Discussion Purposes Only City of Laurel Water Utility Units of Service Table A-12 Draft -For Discussion Purposes Only 3/4" Equivalent Water Use Maximum Day DemandMaximum Hour Demand Meter No. Customer Class Annual Average Day Deman Factor Total Demand Extra Capacity Deman Factor Total bemina Extra Capacity Bills Capacity Ratio 1,006 gal 1,600 gal 1 Residential 162,482 445 3.81 1,694 1,249 6.34 2,823 1,129 31,114 31,234 2 Comme2ia1 88,935 244 2.35 573 330 3.92 955 382 2,802 9,115 3 Irrigation 10,391 28 7.65 218 189 12.75 363 145 185 438 4 Industrial 434,162 1,189 2.51 2,984 1,795 4.18 4,974 1,990 72 3,326 5 Total 695,969 1,907 5,476 3,563 9,116 3,646 34,173 44,112 Draft -For Discussion Purposes Only City of Laurel Water Utility Unit Costs of Service Table A-13 Draft -For Discussion Purposes Only Volume Customer Related Line Maximum Day Maximum Hour Meters & NO. Description Total Annual Demand Demand Services Billing Cost of Service 1 Operation and Maintenance Expense $2,997,500 $1,143,549 $907,399 $233,729 $644,823 $68,000 2 Capital Cost 1,446,908 561,825 408,150 127,128 349,805 0 3 Total Cost of Service $4,444,408 $1,705,374 $1,315,550 $360,857 $994,627 $68,000 4 Miscellaneous Revenue Offsets ($71,900) ($27,430) ($21,765) ($5,606) ($15,467) ($1,631) 5 Allocation of Change in Fund Balance (330,826) (126,210) (100,147) (25,796) (71,167) (7,505) 6 Settling and Raw Water Revenue (198,700) (110,389) (88,311) 0 0 0 7 Net Allocated Revenue Requirement $3,842,982 $1,441,344 $1,105,326 $329,454 $907,993 $58,864 8 Percent of Total 100% 38% 30% 8% 22% 2% Units of Service Equivalent Meter Units of Service 1,000 gal god gpdd Ca aci # Bills 9 Common to All Customers (Table A-14, Line 5) 695,969 3,563 3,646 44,112 34,173 10 Common to Retail Customers (Table A-14, Lines 1-4) 261,808 1,768 1,657 40,786 34,101 Units of Service 11 Common to All Customers (Lines 3 - 6 / Line 9) $2.23 $335.03 $90.35 $20.58 $1.72 12 Common to Retail Customers (Line 6 / Line 10) ($0.42) ($49.96) $0.00 $0.00 $0.00 Draft -For Discussion Purposes Only City of Laurel Water Utility Distribution of Costs to Customer Classes Line No. Description 1 Unit Costs of Service - $/unit Common to All Customers (Lines 3 - 6 / Line 9) Common to Retail Customers (Line 6 / Line 10) Customer Class Residential 2 Units 3 Cost of Service - $ Commercial 4 Units 5 Cost of Service - $ Irrigation 6 Units 7 Cost of Service - $ Industrial 8 Units 9 Cost of Service - $ 10 Total Cost of Service Draft -For Discussion Purposes Only Table A-14 Volume I Customer Related Maximum Day Maximum Hour Meters & Total Average Day Demand Demand Services Billing $2.23 $335.03 $90.35 $20.58 $1.72 $1.81 $285.07 $90.35 $20.58 $1.72 162,482 1,249 1,129 31,234 31,114 $1,448,292 $293,761 $355,995 $102,033 $642,907 $53,595 88,935 330 382 9,115 2,802 $481,741 $160,790 $93,971 $34,532 $187,622 $4,826 10,391 189 145 438 185 $95,209 $18,786 $53,975 $13,119 $9,010 $319 434,162 1,795 1,990 3,326 72 $1,817,739 $968,007 $601,385 $179,770 $68,454 $124 3,842,982 1,441,344 1,105,326 329,454 907,993 58,864 City ofLaurel Water Utility Comparison of Cost of Service With Revenues Under Existing Rates Line 2025 Reve ueat No Customer Class Cost of Service Existing Rates Change '$ Change - % COS Rev I Residential $1,448292 $1,405,545 $42,747 3.0% Z Commercial 481,741 523,708 (41,959) '8.0% 3 Irrigation 95,209 42,824 52,385 122.3% 4 Industrial $1,817,739 1,340,846 476,893 35.6Y6 5 Total System $3,842,982 16.0% 3,312,915 530,066 Draft -For Discussion PurpnaesOn|y City of Laurel Water Utility Adjusted Cost of Service Table A-16 Line 2025 Revenue at No Customer Class Cost of Service Existing Rates Change - $ Adjustment Adjusted COS Change - % I Residential $1,448,292 $1,405,545 $0 $0 $1,448,292 3.0% 2 Commercial 481,741 523,700 41,959 $0 523,700 0.0% 3 Irrigation 95,209 42,824 - (2,088) 93,121 117.5% 4 Industrial 1,817,739 1,340,846 - (39,871) 1,777,869 32.6% 5 Total $3,842,982 $3,312,915 $41,959 ($41,959) $3,842,982 16.0% Draft -For Discussion Purposes Only CRY of t-4 Waterumty 0-.W, ent of Cost of Servke Rates Res4derttai Cost of Servke Me4ev S;ea 8'VAs S.L. Rc+enue irtdsseriel 51,727,859 Meter Slve 634s 314' 31430 $32.6i $1,011,986 Meter Slz. ER'S I" 60 $55.11 $3,372 /nUlts 1.25° 0 586.57 $0 lr.�set 1.5" 24 5121.86 52,929 3f4' 1,324 2" 0 $215.28 $0 314" 12 3" 0 $47'.86 $0 1" 931 4' 0 $852.82 5D 1" 12 6" 0$1,915.44 $0 1.25' 12 $'x5.57 0 $5,291.82 50 1.25" 0 TotalServkc Charge Revenue I.S. $1,018,187 W.., Race Revenue Re ired 1.5" $430,104 ThreshoW %Vol R.1b Volume Rata Revenue_ SG00 00 57.395 1.00 93,125 2.1] 202,133 100 17.6% 1.25 2H,667 2.]I 7],780 20000 150% 1.50 11171 3.26 III 49499 10C%2.60 16,319 4.34 70,341 Total $10,244 162,4&2 2.65 430,104 $852.82 $0 Rounded 24 $1,915.49 $46,GiS 93,125 2.17 202,081 $1,915.49 $23,(49 28,667 2.71 77,689 $5,291.82 $0 24,371 3.26 79,451 $5,291.82 $63,555 16,319 4,34 70,823 162,481 2.65 430,043 Ovc AMd ,R -t7 1611 DWt-F,r 0l -Wn Purpose4 Only T.W.A-17 -Wrn .ed Commercial and COS 5616,921 irtdsseriel 51,727,859 Meter Slve 634s S.C. Revenue Meter Slz. ER'S S.C. Revenue /nUlts lr.�set 3f4' 1,324 $32.61 5.3,185 314" 12 $32.61 5392 1" 931 $55.11 $52,234 1" 12 $56.11 $624 1.25' 12 $'x5.57 $1,028 1.25" 0 585.57 $0 I.S. 322$121.86 539,278 1.5" 0 $131.86 So 2" 274 $215.22 $59,046 2" 0 $215.22 $0 3" 11$47986 54I,702 3" 24 5479.86 $11$04 4' 12 $852.32 $10,244 4" 0 $852.82 $0 6" 24 $1,915.49 $46,GiS 6" 12 $1,915.49 $23,(49 10" 0 $5,291.82 $0 'o"12 $5,291.82 $63,555 Total Servke Ch.Mg Revenue $242,737 Total Servke Charge Revenue $35,579 Volume Rate Rev -Required $324,085 Volume Rate Revenue Rlgllmd $1,742,290 Thn�hoW %Vol Ratio Votum. R.I. Revenue Threshold %Val Ratl. Volume Rave Revenue htl Usage 100.0'.5 lOp 99,325 $3.26 32C,0F,5 Att Usa6. 100.OX LW 43E,162 4.02 1112,190 0.0% 0.0°ro 100 0 3.26 - O.O 1.00 0 4.01 - 0.0% Im 0 3.26 0.0% 1.00 9 4.01 Tau] 100.0% 1.00 99,325 326 324,085 Total 100.0% 1.w 434,162 4.01 1,742,250 Rounded Rounded 99,325 3.27 324,794 434,1622 4.02 1,745,329 0 3.27 - 0 4.02 - 0 0 4.02 - 0 3.2] 0 4.02 99,325 3.27 324,794 434,162 4.02 1,745,329 OveMde]Remvery 710 Ovdr(Urtder Feariery 3,039 City of Laurel Table A-18 Water Utility Cost of Service Rate Summary Residential Combined Commercial and Irrigation Industrial Monthly Monthly Monthly Meter Size Base Rate [1) Meter Size Base Rate [1] Meter Size Base Rate [1] Inches Inches Inches 3/4" $32.61 3/4" $32.61 3/4" $32.61 ill $56.11 ill $56.11 ill $56.11 1.25" $85.57 1.25" $85.57 1.25" $85.57 1.5" $121.86 1.5" $121.86 1.5" $121.86 2" $215.28 2" $215.28 2" $215.28 3" $478.86 3" $478.86 3" $478.86 4" $852.82 4" $852.82 4" $852.82 61, $1,915.49 6.1 $1,915.49 6" $1,915.49 101, $5,291.82 10.1 $5,291.82 101, $5,291.82 Rate, $ Rate, $ per Rate, $ per Threshold % Vol Price Ratio perKgal Threshold % Vol Price Ratio Kgal Threshold % Vol Price Ratio Kgal 5 57.3% 1.00 $2.17 All Usage 100.0% 1.00 3.27 All Usage 100.0% 1.00 4.02 10 17.6% 1.25 $2.71 20 15.0% 1.50 $3.26 > 20 10.0% 2.00 $4.34 Draft -For Discussion Purposes Only Table B-2 City of Laurel Wastewater Utility Operating Subfund Cash Flow Analysis Table B-1 Line No. Description Budget 2025 For the Fiscal Year Ending June 30 Projected 2026 2027 2028 2029 Sources of Funds Service Charge Revenue 1 Revenue at Existing Rates 1,948,093 1,948,512 1,948,512 1,948,512 1,948,512 2 Additional Sewer Service Revenue Required 243,512 706,335 945,272 _ 1,205,712 1,363,423 3 Total Sewer Rate Revenue 2,191,605 2,654,847 2,893,783 3,154,224 3,311,935 Other Operating Revenue 4 Interest Income 61,149 47,115 50,123 60,602 75,090 5 Non -Rate Revenue 51,000 51,000 51,000 51,000 51,000 6 Total Sources 2,303,754 2,752,962 2,994,906 3,265,826 3,438,025 Uses of Funds 7 Operations and Maintenance Expense 1,676,539 1,747,235 1,812,221 1,879,642 1,949,588 Debt Service Existing Debt 8 SRF -15360 121,096 167,951 212,459 211,949 212,329 9 SRF -14330 250,405 249,946 250,364 250,606 250,676 10 SRF -11265 51,425 50,215 50,991 51,713 51,393 11 SRF -06143 89,320 - - - - 12 Proposed State Loans 0 0 0 0 0 13 Total Debt Service 512,246 468,113 513,814 514,267 514,398 PAYGO Capital Projects 994,100 594,100 411,835 430,367 449,734 14 Total Uses 3,182,885 2,809,448 2,737,869 2,824,275 2,913,720 15 Annual Surplus (Deficiency) (879,131) (56,486) 257,037 441,550 524,305 16 Beginning Balance (Restricted) 2,503,370 1,624,238 1,567,752 1,824,789 2,266,340 17 Ending Balance 1,624,238 1,567,752 1,824,789 2,266,340 2,790,645 Target Reserves 18 Operating (60 Days O&M) 275,595 287,217 297,899 308,982 320,480 19 Cash - System Development Fees 603,518 603,518 603,518 603,518 603,518 20 Cash - Revenue Bond Sinking 323,560 323,560 323,560 323,560 323,560 21 Cash - Bond Reserve DNRC 435,209 435,209 435,209 435,209 435,209 22 Cash - Bond Reserve DNRC 11 55,399 55,399 55,399 55,399 55,399 23 Cash - Replacement 969,728 969,728 969,728 969,728 969,728 24 Total Target Reserves 2,663,009 2,674,630 2,685,313 2,696,396 2,707,894 25 Unrestricted Funds (1,038,771) (1,106,878) (860,524) (430,056) 82,751 Months Rate Increase Effective 6 12 12 12 12 26 Annual Sewer Service Revenue Increase 25.0% 9.0% 9.0% 9.0•% 5.0% 27 Cumulative Revenue Increase 25.0°A 36.3% 48.5% 61.9% 70.0% 28 Debt Service Coverage 1.22 2.15 2.30 2.70 2.89 29 Target Debt Service Coverage (1.2) 1.20 1.20 1.20 1.20 1.20 __.__.___---_._.___.___.-------------------------------------------------- Minimum Reserves 30 Operating (60 Days O&M) 275,595 287,217 297,899 308,982 320,480 31 Cash - Revenue Bond Sinking 323,560 323,560 323,560 323,560 323,560 32 Cash - Bond Reserve DNRC 435,209 435,209 435,209 435,209 435,209 33 Cash - Bond Reserve DNRC II 55,399 55,399 55,399 55,399 55,399 34 Total Minimum Reserves 1,089,763 1,101,385 1,112,067 1,123,150 1,134,648 35 Unrestricted Funds with Minimum Reserves 534,475 466,368 712,722 1,143,190 1,655,997 36 Debt Service Coverage 1.22 2.15 2.30 2.70 2.89 969,728 969,728 969,728 969,728 969,728 Draft -For Discussion Purposes Only City of Laurel Wastewater Utility Historical & Projected Operation and Maintenance Expense Line No. Fund Fund Description Account Description inflation Coding Budget 2025 For the Fiscal Year Ending lune 30 Projected 2026 2027 2028 Tabis B-2 2029 600 Sewer 5310.430600 D Sewer Utilities 1 600 Sewer 392 0 ADMINISTRATIVE SERVICES 1 76,494 79,936 83,134 86,459 89,917 630 Sewer 5310-430630 0 Collection and Transmission; 2 630 Sewer 110 0 SALARIES AND WAGES 1 120,000 125,400 130,416 135,633 141,058 3 630 Sewer ill 0 OVERTIME 1 2,500 2,613 2,717 2,826 2,939 4 630 Sewer 138 0 VISION INSURANCE 1 120 125 130 136 141 5 630 Sewer 139 0 DENTAL INSURANCE 1 890 930 967 1,006 1,046 6 630 Sewer 141 0 UNEMPLOYMENT INSURANCE 1 435 455 473 492 511 7 630 Sewer 142 0 WORKERS'COMPENSATION 1 4,800 5,016 5,217 5,425 5,642 8 630 Sewer 143 0 HEALTH INSURANCE 1 20,000 20,900 21,736 22,605 23,510 9 630 Sewer 144 0 LIFE INSURANCE 1 200 209 217 226 235 10 630 Sewer 145 0 FICA 1 9,500 9,928 10,325 10,738 11,167 11 630 Sewer 146 0 PERS 1 11,020 11,516 11,977 12,456 12,954 12 630 Sewer 149 0 ST/LT DISABILITY 1 1,235 1,291 1,342 1,396 1,452 13 630 Sewer 194 0 FLEX MEDICAL 1 1,330 1,390 1,445 1,503 1,563 14 630 Sewer 220 0 OPERATING SUPPLIES 4 5,000 5,200 5,382 5,570 5,765 15 630 Sewer 221 0 CHEMICALS 4 - 16 630 Sewer 226 0 CLOTHING AND UNIFORMS 1 250 261 272 283 294 17 630 Sewer 230 0 REPAIR & MAINTENATNCESUPP. 3 - 18 630 Sewer 231 0 GAS, OIL, DIESEL FUEL, GR 4 7,000 7,280 7,535 7,799 8,071 19 630 Sewer 232 0 MOTOR VEHICLE PARTS 3 - 20 630 Sewer 233 0 MACHINERY & EQUIPMENT PAR 3 7,000 7,280 7,535 7,799 8,071 21 630 Sewer 239 0 TIRES/TUBES/CHAINS 3 - - - - - 22 630 Sewer 241 0 CONSUMABLE TOOLS 4 - - - - 23 630 Sewer 263 0 SAFETY SUPPLIES 4 - - - - - 24 630 Sewer 311 0 POSTAGE 1 5,700 5,957 6,195 6,443 6,700 25 630 Sewer 337 0 ADVERTISING 5 1,000 1,040 1,076 1,114 1,153 26 630 Sewer 339 0 CERTIFICATION RENEWAL 5 1,200 1,248 1,292 1,337 1,384 27 630 Sewer 343 0 CELLULAR TELEPHONE 1 1,D00 1,045 1,087 1,130 1,175 28 630 Sewer 350 0 PROFESSIONAL SERVICES 2 50,000 52,000 53,820 55,704 57,653 29 630 Sewer 351 0 MEDICAL, DENTAL, VETERINA 1 200 209 217 226 235 30 630 Sewer 355 0 DATA PROCESSING SERVICES 2 - - - - - 31 630 Sewer 364 0 WATER/SEWER STRUCT. & EQU 8 75,000 78,000 80,730 83,556 86,480 32 630 Sewer 367 0 WATER/SEWER LINES REPAIR 3 100,000 104,000 107,640 111,407 115,307 33 630 Sewer 370 0 TRAVEL 5 3,000 3,120 3,229 3,342 3,459 34 630 Sewer - 380 0 TRAINING SERVICES 5 500 520 538 557 577 35 630 Sewer 397 0 CONTRACTED SERVICES 2 1,800 1,872 1,938 2,005 2,076 36 630 Sewer 511 0 INSURANCE ON BLDGS/IMPRVM 8 - - - - - 37 630 Sewer 513 0 LIABILITY 8 3,866 4,021 4,161 4,307 4,458 38 630 Sewer 514 0 VEHICLE/EQUIPMENTINSURAN 8 2,456 2,554 2,644 2,736 2,832 39 630 Sewer 530 0 RENT 8 180,000 187,200 193,752 200,533 207,552 40 630 Sewer 532 0 LAND RENTAL/EASEMENTS 8 700 728 753 780 807 41 630 Sewer 533 0 MACHINERY & EQUIPMENT RENT 4 500 520 538 557 577 42 630 Sewer 811 0 LIABILITY DEDUCTIBLES 8 - - - - - 43 630 Sewer 938 0 REPLACE WATER/SEWER LINE 3 350,000 631 Sewer 5310-430631 0 Elm LijiStation 44 631 Sewer 220 0 OPERATING SUPPLIES 4 100 104 108 111 115 45 631 Sewer 221 0 CHEMICALS 4 500 520 538 557 577 46 631 Sewer 231 0 GAS, OIL, DIESEL FUEL, FR 4 1,000 1,040 1,076 1,114 1,153 47 631 Sewer 233 0 MACHINERY & EQUIPMENT PAR 4 1,000 1,040 1,076 1,114 1,153 48 631 Sewer 341 0 ELECTRIC UTILITY SERVICES 8 5,500 5,720 5,920 6,127 6,342 49 631 Sewer 345 0 TELEPHONE 1 825 862 897 932 970 50 631 Sewer 350 0 PROFESSIONAL SERVICES 2 - - - - - 51 631 Sewer 360 0 REPAIR & MAINTENANCE SERV 3 1,500 1,560 1,615 1,671 1,730 52 631 Sewer 364 0 WATER/SEWER STRUCT. & EQU 3 5,000 5,200 5,382 5,570 5,765 632 Sewer 3310.430632' 0 Village Lift Station 53 632 Sewer 220 0 OPERATING SUPPLIES 4 - - - 54 632 Sewer 221 0 CHEMICALS 4 - - - - - 55 632 Sewer 231 0 GAS, OIL, DIESEL FUEL, FR 4 700 728 753 780 807 56 632 Sewer 233 0 MACHINERY&EQUIPMENT PAR 4 2,500 2,600 2,691 2,785 2,883 57 632 Sewer 341 0 ELECTRIC UTILITY SERVICES 8 5,500 5,720 5,920 6,127 6,342 58 632 Sewer 344 0 GAS UTILITY SERVICE 8 - - - - - 59 632 Sewer 345 0 TELEPHONE 1 850 888 924 961 999 60 632 Sewer 360 0 REPAIR & MAINTENANCE SERV 3 1,000 1,040 1,076 1,114 1,153 61 632 Sewer 364 0 WATER/SEWER STRUCT. & EQU 4 - - - - - 62 632 Sewer 930 0 IMPROVEMENTS OTHER THAN B 3 15,000 633 Sewer 5310-430533 0 Walmart Lift station 63 633 Sewer 220 0 OPERATING SUPPLIES 4 - - - - 64 633 Sewer 221 0 CHEMICALS 4 - - - - - 65 633 Sewer 231 0 GAS, OIL, DIESEL FUEL, FR 4 - - - - - 66 633 Sewer 233 0 MACHINERY & EQUIPMENT PAR 4 1,000 1,040 1,076 1,114 1,153 67 633 Sewer 341 0 ELECTRIC UTILITY SERVICES 8 1,700 1,768 1,830 1,894 1,960 Draft -For Discussion Purposes Only City of Laurel Wastewater Utility Historical & Projected Line No. Fund Operation and Maintenance Expense Fund Description Account Description Inflationj Coding Budget I 2025 For the Fiscal Year Ending lune 30 Projected 2026 2027 2028 Tabls B-2 2029 S S S 5 5 68 633 Sewer 360 0 REPAIR & MAINTENANCE SERV 3 6,000 6,240 6,458 6,684 6,918 69 633 Sewer 364 0 WATER/SEWER STRUCf. & EQU 4 Soo 520 538 557 577 640 Sewer 5310-430640 0 Treatment and Disposal 70 640 Sewer Plant 110 SALARIES AND WAGES 1 350,000 365,750 380,380 395,595 411,419 71 640 Sewer Fund ill OVERTIME 1 10,000 10,450 10,868 11,303 11,755 72 640 Sewer Fund 138 VISION INSURANCE 1 275 287 299 311 323 73 640 Sewer Fund 139 DENTAL INSURANCE 1 2,500 2,613 2,717 2,826 2,939 74 640 Sewer Fund 141 UNEMPLOYMENT INSURANCE 1 1,300 1,359 1,413 1,469 1,528 75 640 Sewer Fund 142 WORKERS' COMPENSATION 1 11,000 11,495 11,955 12,433 12,930 76 640 Sewer Fund 143 HEALTH INSUANCE 1 64,000 66,880 69,555 72,337 75,231 77 640 Sewer Fund 144 LIFE INSURANCE 1 650 679 706 735 764 78 640 Sewer fund 145 FICA 1 28,000 29,260 30,430 31,648 32,914 79 640 Sewer Fund 146 PERS 1 31,000 32,395 33,691 35,038 36,440 80 640 Sewer Fund 149 ST/LT DISABILITY 1 2,800 2,926 3,043 3,165 3,291 81 640 Sewer Fund 194 FLEX MEDICAL 1 3,600 3,762 3,912 4,069 4,232 82 640 Sewer Fund 220 OPERATING SUPPLIES 4 15,000 15,600 16,146 16,711 17,296 83 640 Sewer Fund 221 CHEMICALS 4 47,000 48,880 50,591 52,361 54,194 84 640 Sewer Fund 222 LABORATORY & MEDICAL SUPP 4 15,000 15,600 16,146 16,711 17,296 85 640 Sewer Fund 226 CLOTHING AND UNIFORMS 1 200 209 217 226 235 86 640 Sewer Fund 231 GAS, OIL, DIESEL FUEL, GR 3 9,000 9,360 9,688 10,027 10,378 87 640 Sewer Fund 232 MOTOR VEHICLE PARTS 3 500 520 538 557 577 88 640 Sewer Fund 233 MACHINERY & EQUIPMENT PAR 3 45,000 46,800 48,438 50,133 51,888 89 640 Sewer Fund 241 CONSUMABLETOOLS 4 - - - - - 90 640 Sewer Fund 263 SAFETY SUPPLIES 4 - - - - - 91 640 Sewer Fund 300 PURCHASED SERVICES 2 - - - - - 92 640 Sewer Fund 312 NETWORKING FEES 5 5,000 5,200 5,382 5,570 5,765 93 640 Sewer Fund 337 ADVERTISING 5 - - - - - 94 640 Sewer Fund 339 CERTIFICATION RENEWAL 5 1,500 1,560 1,615 1,671 1,730 95 640 Sewer Fund 341 ELECTRIC UTILITY SERVICES 8 100,000 104,000 107,640 111,407 115,307 96 640 Sewer Fund 343 CELLULAR TELEPHONE 1 300 314 326 339 353 97 640 Sewer Fund 344 GAS UTILITY SERVICE 8 30,000 31,200 32,292 33,422 34,592 98 640 Sewer Fund 345 TELEPHONE 1 3,500 3,658 3,804 3,956 4,114 99 640 Sewer Fund 349 QUALITYTESTING 4 20,000 20,800 21,528 22,281 23,061 100 640 Sewer Fund 350 PROFESSIONAL SERVICES 2 12,000 12,480 12,917 13,369 13,837 101 640 Sewer Fund 351 MEDICAL, DENTAL, VETERINARY 1 500 523 543 565 588 102 640 Sewer fund 355 DATA PROCESSING SERVICES 8 - - - - - 103 640 Sewer Fund 360 REPAIR & MAINTENANCE SERVICES 3 5,000 5,200 5,382 5,570 5,765 104 640 Sewer Fund 364 WATER / SEWER STRUCTURE & EQUIP 4 - - - - - 105 640 Sewer Fund 366 BUILDING MAINTENANCE 3 40,000 41,600 43,056 44,563 46,123 106 640 Sewer Fund 370 TRAVEL 5 2,500 2,600 2,691 2,785 2,883 107 640 Sewer Fund 380 TRAINING SERVICES 5 2,500 2,600 2,691 2,785 2,883 108 640 Sewer Fund 391 DUMPING FEES 8 30,000 31,200 32,292 33,422 34,592 109 640 Sewer Fund 397 CONTRACTED SERVICES 2 5,000 5,200 5,382 5,570 5,765 110 640 Sewer Fund 511 INSURANCE ON BLDGS/IMPRVM 8 25,626 26,651 27,584 28,549 29,548 ill 640 Sewer Fund 513 LIABILITY 8 13,417 13,954 14,442 14,948 15,471 112 640 Sewer Fund 514 VEHICLE/EQUIPMENT INSURANCE 8 - - - - - 113 640 Sewer Fund 544 DISCHARGE PERMIT FEE 8 8,000 8,320 8,611 8,913 9,225 114 640 Sewer Fund 901 MISC CAPITAL PROJECTS 1 250,000 261,250 271,700 282,568 293,871 115 640 Sewer Fund 946 COMPUTER EQ/SOFTWARE 4 350,000 364,000 376,740 389,926 403,573 600 Sewer 5210.521000 INTERFUND OPERATING TRANSFERS OUT 118 820 Sewer 820 Transfers to Other f Transfers to Other Funds N 5,000 5,000 5,000 5,000 5,000 119 Total Operation and Maintenance Expense 2,641,539 2,372,485 2,460,661 2,552,135 2,647,033 120 Less: Budgeted capital Projects 965,000 625,250 648,440 672,494 697,444 121 Net O&M Expense 1,676,539 1,747,235 1,812,221 1,879,642 1,949,588 Draft -For Discussion Purposes Only Table B-5 City of Laurel Table B-3 Wastewater Utility Sewer Capital Improvement Plan Excluding Inflation For the Fiscal Year Ending June 30 Line Budget Projected 2025-2029 No. Title 2025 2026 2027 2028 2029 Total 1 Primary Clarifier Recoating 200,000 200,000 2 Sewer Line Replacement b/n Main St/1st and 5th/7th - Partial Grant Funding - 3 Wastewater Plant Boilers 600,000 600,000 4 Manhole Lining Project $3,500/MH * 563 MH 394,100 394,100 394,100 394,100 394,100 1,970,500 5 Undesignated Collection System Repair and Replacement - 6 Total Capital Improvement Program Excluding Inflation 994,100 594,100 394,100 394,100 394,100 2,770,500 Source: CIP for Eaton Review with Faith's edits.xlsx City of Laurel Table B-4 Water Utility Sewer Capital Improvement Plan Including Inflation Annual Inflation 0.0% 0.0% 4.5% 4.5% 4.5% Cumulative Inflation 0.0% 0.0% 4.5% 9.2% 24.1% For the Fiscal Year Ending June 30 Line Budget Projected 2025-2029 No. Title 2025 2026 2027 2028 2029 Total 1 Primary Clarifier Recoating 200,000 200,000 2 Sewer Line Replacement b/n Main St/1st and 5th/7th - Partial Grant Funding - - 3 Wastewater Plant Boilers 600,000 - 600,000 4 Manhole Lining Project $3,500/MH * 563 MH 394,100 394,100 411,835 430,367 449,734 2,080,135 5 Undesignated Collection System Repair and Replacement - - - - - - 6 Total Capital Improvement Program Including Inflation 994,100 594,100 411,835 430,367 449,734 2,880,135 Draft -For Discussion Purposes Only Town of Laurel Wastewater Utility Total Cost of Service $ 2,435,116 Meter Size Residential Commercial 3/4" 30,588 O $29.24 $894699 l" 84 854 52.34 49,094 1.25" 12 O 81.29 977 1.5" 24 286 116.95 36,296 3" 12 192 20877 42,534 3" D 108 467.84 50,577 4" U IZ 835.39 10,035 6" O 12 1,879.84 22,581 multi O 1,141 29.24 33,367 Total 30,731 2,606 1,140,259 Volume Rate | $ 1,294,857 Usage 153,289 Draft -For Discussion Purposes Only From: Civil Attorney Sent: Tuesday, December 17, 2024 5:39 PM To: Kurt Markegard Cc: Kelly Strecker; Brittney Harakal; City Mayor Subject: RE: Beartooth RC&D Vote failed Thanks, Kurt. The only way to get this approved is that Klose has to make a Motion for Reconsideration next week, and that Motion has to be passed by super -majority. Then, if passed, CC can vote on the Resolution again. If that does not occur, we cannot put the same Resolution in front of CC. We'd have to modify the MOU. I don't know what Klose's objections are to the MOU, so its kind of hard to know what to address. Has he expressed what his concerns were in voting this down? Best Regards, Michele L. Braukmann Civil City Attorney City of Laurel Cell Phone: 406.671.3963 CONFIDENTIALITY NOTICE: This transmission may contain information which is privileged, confidential, and protected by the attorney-client or attorney work product privileges. If you are not the addressee, or you are not authorized to disclose the contents herein, please note that any disclosure, copying, distribution, or use of the contents of this message is prohibited. If you have received this transmission in error, please destroy it and notify me immediately. From: Kurt Markegard <kmarkegard@laurel.mt.gov> Sent: Tuesday, December 17, 2024 11:01 AM To: Civil Attorney <civilattorney@laurel.mt.gov> Subject: Beartooth RC&D Vote failed Michele, I am not sure anyone told you, but the Beartooth RC&D MOU failed in a 4-1 vote last week. Council Member Sparks sits on their board, and I think she wants it to be reconsidered. I asked Brittney if she told you and she said she hadn't mentioned it. It will be brought up tonight during the workshop I expect. I think Councilmember Klose will have to make a motion to reconsider the vote seeing his "no" vote killed the action. Or the MOU would have to change in some way to consider a different resolution and MOU. Anyway, I am trying to keep you in the loop. Kurt 1