94-07 v RESOLUTION NO. 94-7
A RESOLUTION OF THE CITY OF ATLANTIC BEACH
APPROVING FACILITIES FOR THE ATLANTIC BEACH
WASTEWATER TREATMENT PLANT PLAN FOR SUBMITTAL
TO THE FLORIDA DEPARTMENT OF ENVIRONMENTAL
PROTECTION FOR CONSIDERATION OF A LOAN TO BUILD
THE WASTEWATER TREATMENT PLANT;
NOW, THEREFORE, be it resolved by the City Commission of the City
of Atlantic Beach, as follows:
SECTION 1 . The City Commission, as the governing body of
Atlantic Beach, approves the Facilities Plan for the Wastewater
Treatment Plant.
SECTION 2 . Appoints the City Manager to act as its
representative with the Department of Environmental Protection for
matters concerning the loan process . However, final approval of
any contract for the loan must be approved by the Commission.
SECTION 3 . The Facilities Plan is found to be consistent with
the City' s Comprehensive Plan.
SECTION 4 . The attached Capital Financing Plan Worksheets are
to be considered as part of the Facilities Plan.
SECTION 5. This resolution shall take effect immediately upon
its final passage and adoption.
ADOPTED by the City Commission of Atlantic Beach, Florida this
22 day of February 1994.
L .AFACI
D zm. - . ^aters
•yor Pr•-tem/Presiding Officer
Appr •ved as o form and correctness :
/'an C. ;1e'sen, City Attorney
ATTEST:
Ifq4A 1$_241/ '.--C Maureen King, City Clerk
EXHIBIT FPS-06La
CAPITAL FINANCING PLAN WORKSHEETS
CITY OF ATLANTIC BEACH
Local Government Agency (SRF Project Sponsor)
ROBERT S . KOSOY, P. E . , PUBLIC WORKS DIRECTOR ANN B. MEUSE. CPA, FINANCE DIRECTOR
Authorized Representative and Title Capital Financing Plan Contact, Title, and Telephone Number (9014) 247-5800
1200 SANDPIPER LANE 800 SEMINOLE ROAD ALTERNATE CONTACT:
Street Address or Other Mailing Address Street Address or Other Mailing Address THOMAS C . HAWK, P. E .
ATLANTIC BEACH, FLORIDA 32233-4381 ATLANTIC BEACH, FLORIDA 32233-5445 PITMAN-HARTENSTEIN b ASSOC. , INC.
101 CENTURY 21 DRIVE SUITE 207
City, State, and Zip Code City, State, and Zip Code JACKSONVILLE, FL 32216
(904) 724-3546
The Department needs to know about the financial capabilities of potential State Revolving Fund (SRF) loan applicants. Therefore, a financial
capability demonstration (and certification) is required well before the evaluation of the actual loan application. Chapter 17-503 of the Florida
Administrative Code requires the submittal of this information to the Department no later than June 1 preceding the fiscal year during which a loan will
be requested.
It is expected that the revenues to be dedicated to repaying the loan will be generated either from water and sewer utility operations or from sewer
utility operations alone. If the source of revenues will not be from such enterprises, this set of worksheets alone will not satisfy the Department's
needs. (Please contact the Department for further guidance if dedicated revenues will be generated externally to such utilities.)
This form solicits information for the next five years. Ordinarily, the five-year time frame will cover the period of interest to the Department; but,
it will be necessary to provide additional yearly information until the reported data includes at least one full year of SRF project operation and one
annual SRF repayment to the Department. Accordingly, attachments may be made to these worksheets. Please use the format established herein when
preparing attachments. The worksheets have been developed to identify the minimum information needed. The completed worksheets should be used in
disclosing SRF project financing to the public during the required dedicated revenue hearing. The worksheets can serve to identify the impacts of the
SRF project on residential users and how the project fits into the local government's overall capital improvement program for the water and sewer
utility (or sewer utility, as appropriate). Supplemental capital financing documentation may be submitted with these worksheets and may be presented at
the required dedicated revenue hearing.
FEB ' 3 1994
A. Household median annual income, average size, number in the utility service area, and population to be served. (Population to be served is
determined by the number of households multiplied by the household size. This data is to be consistent with facilities planning projections.)
If the data vary by district or zone, report the data according to district or zone on an attachment.
Note: Indicate the actual fiscal years for Year 1 - Year 5 wherever they appear in the worksheets.
Year 1 Year 2 Year 3 Year 4 Year 5
-'INCLUDES ATLANTIC BEACH WWTP &
1. Fiscal Year 95-96 96-97 97-98 98-99 99-2000 BUCCANEER WWTP SERVICE AREAS.
2. Household income ($/year) 18,000 WATER & WASTEWATER REVENUES FROM
3. Household size (people/household) 2 .5 BOTH SYSTEMS TO BE USED FOR
4. Number of households 10,332 10,4$2 10,642 10,798 10 OPERATING, NON-OPERATING AND
::5. Serviced population (people) 25,805 26,205 26,605 26,995 27,348 DEBT SERVICE. BREAKDOWN OF
SYSTEM POPULATION ATTACHED.
B. The revenues being dedicated to repayment of the SRF loan are:
C. What projects (including the SRF project), are proposed that will be financed from the operation of the utility generating the revenues to be
dedicated to repaying the SRF loan? Total annualized cost is the sum of annualized capital costs plus the annual operation, maintenance, and
replacement (0/M & R) costs. Construction and related capital costs reported below must be annualized (and is to include the interest expenses
associated with debt service) before adding to yearly 0/M & R costs (excludes debt service) to report the total annualized cost required below.
Note that water facilities information is to be identified only if the dedicated revenues will be generated from operations of a water and sewer
utility. Annualized ,
::c
Facilities Description Construction Construction and Annual Cost to
Total Annualized :'::: SEE ATTACHMENT FOR
Start Dates Related Capital Operate, Maintain, costs ($) DETAILS
(Month/Year) Costs ($) and Replace ($)
0. Wastewater Treatment Plant 6/94 $348,800
1. Wastewater treatment plant 8/95 .$ 29,59 TOTAL WATER AND
2. Sites and easements - WASTEWATER OM&R FOR
3. Wastewater transmission system 5/93 $ 16,370 ATLANTIC BEACH & BUCCANE!
4. Wastewater collection system 11/93513,480 SYSTEMS . SEE ATTACHED
5. Wastewater reuse system N/A DISCOUNT RATE $%,
6. Stnrage Facility 4/94 S 5,200 ESCALATION RATE 5%
7. Water supply well 6/93 $ 6,750 PERIOD = 20 YEARS
8 Water treatment plant N/A STARTING 1995-1996
9. Sites and easements N/A 1995-1996 O&MR =
10. water distribution system 9/93 $ 43,900 $2,866,657
11. Water storage facilities 8/94 $ 59,200
12. Water Network Analysis 8/94 $ 4,900
Totals($) $573, 190 $4,401 ,690 $4,974,880 •
•
Identify which of the above wastewater facilities are to be financed with the SRF loan and combine (as appropriate) the associated costs:
Description ITEM 0 - WASTEWATER TREATMENT PLANT - ATLANTIC BEACH
$348 800 $1 Annualized Construction and Related
Capital Costs Annual Costs for 0/M & R 22bdU() /year; Total Annualized Costs $1 ,575,6 0 0
Related Capital Costs ,$5, 188,900
/year, Construction and
•
-BASIS OF CALCULATION : ATLANTIC BEACH WASTEWATER EXPENSES X 0.75 TO CORRECT FOR
WASTEWATER TREATMENT ONLY, ESCALATION @ 5%/YEAR. DISCOUNT RATE @ 8%.
PERIOD = 20 YEARS
Attachment to Item C — Page 2 — Capital Financing Plan Worksheets
Annualized Construction
Funding Interest Finance & Construction
Item Description Project Cost Source Rate Period Related Costs Start Date
0 Wastewater Treatment Plant Atlantic Beach Wastewater
Treatment Plant Expansion
— Wet Process $4,326,700
— Engineering Design $376,000
— Inspection Services $80,000
— Engineering Construction Services $200,000
— Administration S36,000
— Loan Origination $170,200
Subtotal: $5,188,900 SRF 3% 20 Years $348,800 6/94
1 Wastewater Treatment Plant Buccaneer Wastewater Treatment Plant
Chlorine Facilities $300,000 Barnett Loan 5.35% 15 Years $29,590 8/93
2 Sites and Easements None -- _— -- ——
3 Wastewater Transmission System Wetwell Rehabilitation $166,000 Barnett Loan 5.35% 15 Years $16,370 5/93
4 Wastewater Collection System Oak Harbor $600,000 SRF* 3% 20 Years $40,330 7/94
Sewer Rehabilitation $16,970
(Ahern,9th,17th,18th) $172,000 $1,180 11/93
Sewer Line(Church St) $12,000 6/94
Subtotal: $784,000 Barnett Loan 5.35% 15 Years $58,480
5 Wastewater Reuse None —— __ —— __
6 Storage Facility P.W.Storage $53,000 Barnett Loan 5.35% 15 Years $5,200 4/94
7 Water Supply Well #3 Well at Assissi Lane Water
Treatment Plant $68,400 Barnett Loan 5.35% 15 Years $6,750 6/93
8 Water Treatment Plant None —— —— _— ——
9 Sites and Easements None —— _— —— _— —— ——
*Oak I'arbor Sewer Rehabilitation Project is applying fora separate SRF Lean.Oak I-larbor is not included in this application.
Attachment to Item C — Page 2 — Capital Financing Plan Worksheets
Annualized Construction
Funding Interest Finance & Construction
Item Description Project Cost Source Rate Period Related Costs Start Date
10 Water Distribution System Encoded Water Meters—Buccaneer $75,000 9/93
Encoded Water Meters—Atl.Bch. $80.000 9/93
Distribution 3rd&8th $130,000 9/93
Distribution Coquina $130,000 9/93
Distribution Church $30,000 1/94
Subtotal: $445,000 Barnett Loan 5.35% 15 Years $43,900
11 Water Storage Facilities No.3 Well Pant $600,000 Barnett Loan 5.35% 15 Years $59,200 8/94
12 Network Analysis Computer Hydraulic Analysis&Mapping $50,000 Barnett Loan 5.35% 15 Years $4,900 8/94
Totals: $7,655,300 $573,190
D. Ide a the SRF loan amount scheduled, or to be scheduled, on the project ority list; the interest rate established for the year preceding the
submittal of the CFP, after adjusting downward to reflect the SRF subsidy; annual debt service, and expected pledged revenue coverage. Note that
SRF repayments begin one year after construction completion. (It is recognized that the information to be provided arc best estimates only.)
Amount $5; 188,900 ; interest rate 3 7.; annual debt service $348,800 ; loan repayment reserve $
pledged revenue
coverage factor 120 7.; and annual repayments begin 1995 - 1996 (Date).
E. Identify other anticipated debt which will be repaid from operations of the utility providing the dedicated revenues.
Description Debt Amount($) Annual Revenue •
Interest Coverage Annual Debt Service (S)
Rate (%) Rate (V.) Year 1 Year 2 Year 3 Year 4 Year 5
Fiscal Year 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000
1. BARNETT BANK LOAN :; $5,548,580 5. 35 1 .20 $27°T877-- $631 ,952 $631 ,952 $631 ,952 $631 ,952
2.
3.
4.
Totals (S) 6,607, 181 $290,872 $631 ,952 $631 ,952 $631 ,952 $631 ,952
* MAXIMUM EXPECTED DEBT AMOUNT FOR ON-GOING CAPITAL IMPROVEMENT PROGRAM NON-_SRF FUNDED
• AS PRESENTED IN ITEM C . ALSO INCLUDES REFUNDING OF BUCCANEER SYSTEM
F. What is the existing debt for the utility providing the SRF dedicated revenues?
Description Current Annual Revenue
Debt Amount ($) Interest Coverage Annual Debt Service (S)
Rate (7.) Rate (7.) Year 1 Year 2 Year 3 Year 4 Year 5
,Fiscal Year 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000
1. GULF BREEZE BOND _ 106,594 107,616 105,714 106,491 107, 105
2. LIBERTY NATIONAL 68,447 -0- -0- -=-- -0-
3.
4.
5.
6.
Totals ($) 17b,041 107,616 105,714 106,491 107, 105
3
G. Identify the projected cornual expenses (costs) fur the utility pruvidiny SNI dedicated revenues. (SEE ATTACHED EXPENSE PROJECTIONS)
1. Existing facilities
•
Expense Category Year• 1 Year 2 Year 3 Year 4 Year S
Fiscal Year 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000
Operating ($) $2,866,657 $3,009,900 $3, 160,500 $3,318,500 $3,484,439
Non-operating (5)
Other-- describe (5) -0- -0- -0- -0- -0-
Totals (5) $2,866,657 $3,009,900 $3,160,500 $3,318,500 $3,484,439
2. SRF project (incremental expenses) ( INCREMENT FOR SLUDGE PROCESSING)
Expense Category Year 1 Year 2 Year 3 Year 4 Year 5
Fiscal Year 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000
Operating (5) —0— —0— —0— —0— —0—
Non-operating (5) -0- -0- -0- -0- -0-
.
Other-- describe (5) -0- -0- -0- -0- -0-
Totals (5) -0- -0- -0- -0- -0-
3. Non-SRF projects (if any)
Expense Category Year 1 Year 2 Year 3 Year 4 Year 5
Fiscal Year 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000
Operating (5) -0- -0- -0- -0- -0-
Non-operating ($) -0- -0- -0- -0- -0-
• Other-- describe (S) -0- -0- -0- -0- -0-
Totals (S) -0- -0- -0- -0- -0-
4. All existing and planned facilities (existing facilities plus the SRF project plus other non-SRF projects)
Expense Category Year 1 Year 2 Year 3 - Year 4 Year 5
Fiscal Year 1995-1995 1996-1997 1997-1998 1998-1999 1999-2000
Operating (5) $2,866,657 $3,009,900 $3, 160,500 $3,318,500 $3,484,439
Non-operating (5) -0- -0- -0- -O -0-
Other-- describe (5) -0- -0- -0- -0- -U-
Totals (T) $2,866,657 $3,009,900 $3, 160,500 $3,318,500 $3,474,439
4
H. For the utility providing the SRF dedicated revenues, identify the projected annual utility revenues assuming all the planned projects are
constructed according to the schedule reported in Item C, above. Compare revenues to expenses identified in Subitern G.4, above, and explain (on an
attachment) how any net toss is covered to keep the utility financially self-sufficient in each deficit year. (SEE ATTACHED REVENUE PROJECTIONS)
Revenue Category Year 1 Year 2 Year 3 Year 4 Year 5
Fiscal Year 1995-1996 1996-1_997 1997-1998 1998-1
Operating 999 1 •99-2nn0
perating ($)
4,467,800 4,707,600 4,804,000 4,862,600 4 ,924,800
Non-operating ($) 425,800 425,800 419,400
Other-- describe (S) ___114,�oo
394,000
—0— —0— —0— —0— —0—
Totals ($) 4,893,600 5. 133,400 5,223,400 5,526,600 5.318,800
I. Identify the projected annual expenses (costs) for the sewer (wastewater management) system, assuming all planned wastewater facilities will be
constructed. These entries may be skipped if a sewer utility alone is providing the SRF dedicated revenues since the information already will have
been presented in Subitern G.4, above.
N/A Expense Category Year 1 Year 2 Year 3 Year 4 Year 5
Fiscal Year
Operating ($)
Non-operating ($)
Other-- describe ($)
Totals ($)
J. Identify the projected annual revenues for the sewer (wastewater management) system, assuming all planned wastewater facilities will be
constructed. Compare revenues to expenses identified in Item I, above, and explain (on an attachment) how any net loss is covered to keep the
sewer system financially self•sufficient in each deficit year. These entries may be skipped if a sewer utility alone is providing the SRF
dedicated revenues since the Information already will have been presented in Item 11, above.
N/A
Revenue Category Year 1 Year 2 Year 3 Year 4 Year 5
Fiscal Year
Operating ($)
Non-operating ($)
Other-- describe ($)
Totals ($)
5
K. Identify the average sewer system charge, fees, and assessments. If the utility service area encompasses districts or zones which will be subject
to different service charges, fees, etc. attributable to the SRF project, it will be necessary to provide the data below for the district(s) or
zone(s) responsible for SRF project expenses. Differential charges, fees, etc. should be explained on the attachment used to present the district
or zone data.
Description Year 1 Year 2 Year 3 Year 4 Year 5
Fiscal Year 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000
1. Wastewater Management data
a. Total estimated annual wastewater management costs S1 ,852,432 $1 ,445,000 $2,043,300 $2, 144,400 $2,251 ,600 *
b. Non-residential share of total annual wastewater
management costs 0% 0% 0% 0% 0%
c. Residential share of total annual wastewater
management costs 100% 100% 100% 100 100%
d. Number of households 10.332 10,482 10,642 10 ,7q8 10,938 **
e. Average residential user charge /per month/customer 22 .91 23. 39 23,39 23 .38 23.37 *-'
2. Average connection fee per residential unit 500.00 500.00 500.00 500.00 500.00 *---
3. Average impact fee per residential unit $1 ,250,00 $1 .250.00 Si ,250.00 Si ,250.00 51 ,250.00
4. Average Special assessment per residential unit
•
(identify basis below) N/A N/A N/A N/A N/A
5. Average capacity charge per residential unit
(identify basis below) N/A N/A N/A N/A N/A
6. Other (describe) AVERAGE WATER CONNECTION FEE 525.00 525.00 525.00 525 .0n 525 nn
7. Other (describe) AVERAGE WATER IMPACT FEE 325.00 325.00 325.00_ 325.00 325 00
Describe basis for special assessments, such as cost per lot length NOT APPLICABLE
Describe basis for capacity charge, such as cost per volume per day NOT APPLICABLE
., ATLANTIC BEACH, BUCCANEER & OAK HARBOR SYSTEM EXPENSES INCLUDE TREATMENT CULLECIION AND AUMINFSI}ATION
** FROM A.4 - INCREASE ATLANTIC BEACH & BUCCANEER SERVICE AREAS
1. Assuming all the planned wastewater facilities are constructed according to the schedule reported in Item C, above, identify the total annual
residential (per household) user charge for sewer (wastewater management) service as a percent of median annual household income. Use the income
data reported in Item A, above. The annual user charge will be the monthly amount reported pursuant to Item K.1.e, above, multiplied by twelve.
Also report the construction and related capital costs for the SRF project (refer to Item C, above) on a per household basis. Note that the number
of households reported in Item A, above, can be used directly (for either the user charge or the capital cost computation) only if the SRF project
related costs will be borne by the utility service area as a whole. If capital cost sharing will vary by district or zone, report appropriate data
according to district or zone on an attachment.
Year 1 Year 2 Year 3 Year 4 Year 5
Fiscal Year 1995-1996 1996-1997 1997-1998 1998-1999 1999-2Q00
1. Annual user charge divided by household income (7.)
2. SRF project capital cost (not annualized data)
per household ($) _637 .26 662. 57 657. 54 648,04 639,74
***SUBTOTAL OF WASTEWATER OPERATING REVENUES FOR ATLANTIC BEACH, BUCCANEER & OAK HARBOR (ATTACHED) DIVIDED BY
1 .(1 X 12 MONTHS
****ES 4TED AVERAGE RESIDENTIAL CONNECTION FEE - VARIES TH ACTUAL CONSTRUCTION COST
•
M. If the proposed SRF wastewater facilities include collection sewers for any part of the utility service area, provide the following additional
information for the affected households. Indicate whether these costs wilt be recovered over time (financed and billed to the customer by the
local government).
1. Other costs per household associated with
wastewater collection sewers Year 1 Year 2 Year 3 Year 4 Year 5
N/A
Fiscal Year
a. Service line (located on private property)
b. Septic tank abandonment
d. Other (describe)
•
Total Additional Cost per Household ($) •
2. Will these costs be financed by the local government and prorated billing used? YES NO
N. Which, if any, of the following activities must be undertaken to implement the SRF project?
1. Acquire privately held land? YES _ NO XX
2. Acquire land held by another government entity? YES _ NO XX
3. Enter into interlocal or intergovernmental agreements? YES _ NO XX
4. Hold an election or public referendum? YES NO XX
5 Comply with special assessment or similar procedural requirements? YES _ NO XX
0. Attach a certification by the local government's chief financial officer or by an official authorized to comnit to the SRF funding that the local
government has the financial capability to ensure adequate construction, operation, and maintenance of the sewer system.
•
7
Atlantic Beach Revenues
•
Audit Proforma
Projected
1991-1992 1992-1993 1993-1994 1994-1995 1995-1996 1996-1997
Operating Revenues - Water1997-1998 1998-1999 1999-2000
Minimum Water 5172,900 5261,100
Excess Water 5304,398 5329,408 5354,738 5380,433 5390,422
5312,400 5361,600 5404,397 5444,390 5550,291 $555.974
Set-vice Charges 54,300 57,700 5485,836 5529,115 5545,004 5550,291
57,500 Y7,500 57,500 $557,500
Cut
-I Fees Charges 520,000 595,200 57,500 57,500 57,500 57,500
Cutinq
Delinquent
530,000 530,000 530,000 530,000 530,000
515,600 513,500 514,000 514,000 514,000534,000 530,00014
Water Capital Improvement SO 522,000 514,000 514,000 514,000 510650
' SubTotal 5525,200 542,588 525,298 518,200 518,200 517,290
5761,100 5802,883 5850,596 5910,274 009,650 513,6501
5979,247 51,004,217 51,009,650 51.018,717
Operating Revenues - Wastewater
Base Sewer 5499,300 5505,500
Sewer Volume 5581,111 5635,300 5689,720 5710,664 5719,476
5541,700 5566,100 5637,656 5702,388 $810,637 5733,4291
SubTotal 51,041,000 51,071,600 5768,257 5793,016 5802,849 5810,637
51,218,767 51,337,687 51,457,977 51,503,680 51,522,325 51,537,092 $15.551,848
Non Operating Revenues - Water
Connection Charges 578,200 554,400 568,796
ntest540,866 $29,400
546,000 534,200 529,400 527,930 �
530,000 530,000 $30,000 530,000
IntSul>'I'otal 5124,200 530,000 530,000
588,600 598,796 $70,866 $59,400 530,000 $52,050 $52,050
559,400 557,930 552,050 552.050
Non Operating Revenues Wastewater
Connection Charges 5101,000 593,000
ntest - Unrestricted 565,520 538,920 528,000 $28,000 $26,600
593,400 563,000 590,000 590,000 $90,000 $90,000
Capital Facilities $109,000 $114,100 590,000 590,000 590,000 $90,000 $52,000
Special Assessments 5163,800 597,300 570,000 570,000 566,500
550,000 550,000 550,000 $50,500 $50,000
SubTotal 5303,400 5270,100 238,000 233, 00 213,500 213,500
5369,320 5276,220 5238,000 5238,000 $233,100 5213,500 5213.500
Population Estimate 14159 14627
Population Increase 14905 15105 15305 15495 15645
System Growth 468 278 200 200 15795
0.0331 190 150 150
Connection Increase 0.0190 0.0134 0.0132 0.0124 0.0097
Minimum Water 131.04 77.84 56 56 0.0096
0.0622 53.2
Excess Water 41.33% 0.0613 0.0628 0.0571 0.0000 42 42
8.00% 0.0833 0.0769 0.0000 0.0000
Base Wastewater0.0794 0.0735 0.0000 0.0000 0.0000
23.85% 0.0789 0.0710 0.0714 0.0000
Volume Sewer 9.33%85 0.0000 0.0000 0.0000
0.0894 0.0784 0.0796 0.0000 0.0000 0.0000
0.0000
•
Buccaneer & Oak Harbor Revenues
Audit Proforma
Projected
1991-1992 1992-1993 1993-1994 1994-1995 199$-1996
O 1996-1997 1997-1998 1998-1999 1999-2000
Operating - Water
Minimum Water $135,700 5138,000
Water 5165,574 5185,027 8203,172 5221,944 5229,699
5215,900 5304,700 5348,558 5396,899 8233.696 5237,692
Service Charges
S4,900 54,000 2443,963 5494,257 5513,817 5522.757
S Delinquent Charges
Charges 57,500 $7,500 $7,500 57,500 5531,500
Cut-In Pecs 510,000 56,300 830,000 330,000 57,500 57,500 57,500
54,300 557,300 530,000 530,000 530,000 530,000
Water Capital Improvement 514,000 514,000 514,000 514,000 570,000
SO $1,425 S35,035 535,490 518.200 814,000 518,000
SubTotal 5370,800 $511,425 518,200 518,200 518,200 518,200
5600,667 $668,916 5716,836 5785,901 8 S18,200
5813,216 5826,153 5339.038
Operating Revenues - Wastewater
, Base Sewer 5462,000 5423,200
Base Volume 8500,501 5566,347 5628,143 5652,830 5664,385
5349,000 5511,000 5590,304 5674,149 5813,742 3,742 5827,657
SubTotal827,657
5811,000 5934,200 57$4,.55.2 5785,914 5799,82,5
51,090.805 51,240,496 •.81,382,695 51,438,744 51,464,210 51,489,687 51,515,161
Non Operating Revenues - Water
Connection Charges
Interest $57,120 $57,855 $29,925 $29,925 529,925
Included in Atlantic Beach 529,925 529,925
SubTotal 557,120
557,855 529,925 S29,925 529,925 S29,925
529,925
Non Operating Revenues Wastewater
Connection Charges
Interest - Unrestricted $54,400 $55,100 $28„500 $28,500 528,500 528,500 528,500
Included in Atlantic Beach
Capital Facilities 565,600 $66,500
Capital asessments5134,750 5136,500 570,000 570,000 570,000
Included in Atlantic Beach 570,000 570,000
Sub'Potal 565,600 56 6,500
5189,150 5191,600 598,500
598,500 598,500 598,500
598,500
•
Population Estimate
10125
Population Estimate
10510 10900 11100 11300 11500
385 390 200 11700 11900
System Growth Increase 200 200 200 200
Connection Increase •
0.0380 0.0371 0.0183 0.0180 0.0177
107.8 109.2 56 0.0174 0.01716
Minimum Water Rate Increase 51.66% 56 56 56 56
Excess Water Rate Increase 0.0766 0.0778 0.0785 0.0714 0.0000
10.00% 0.1041 0.0961 0.0992 0.0000 0.0000
Base Wastewater Rate Increase 29 81% 0.0919 0.0000 0.0000 0.0000
Volume Sewer er Ratecrc 0.0988 0.0888 0.0893 0.0000 0.0000
11.66% 0.1118 0.0980 0.0995 0.0000 0.0000 0.0000
0.0000 0.0000 0.0000
•Connection Increase Calculated on Population Increase,2.5 per capita per connection,70%new connections
OperatingT±Epenses
Audit Proforma Projected
1991-1992 1992-1993 1993-1994 1994-1995 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000
Water Expenses
Atlantic Beach Transfer to General Fund $63,407 $123,126 $129,282 $135,746 $142,534 $149,660 $157,143 $165,001 $173,251
Atlantic Beach Water $336,500 $390,400 $409,920 $430,416 $451,937 $474,534 $498,260 $523,173 $549,332
Buccaneer Transfer to General Fund $138,100 $119,000 $124,950 $131,198 $137,757 $144,645 $151,878 $159,471 $167,445
Buccaneer Water $216,700 $239,000 $250,950 $263,498 $276,672 $290,506 $305,031 $320,283 $336,297
Oak Harbor Transfer to General Fund $1,700 $2,400 $2,520 $2,646 $2,778 $2,917 $3,063 $3,216 $3,377
Oak Harbor Water $1,000 $2,200 $2,310 $2,426 $2,547 $2,674 $2,808 $2,948 $3,096
Subtotal Water Expenses: $757,407 $876,126 $919,932 $965,929 $1,014,225 $1,064,937 $1,118,183 $1,174,093 $1,232,797
Wastewater Expenses
Atlantic Beach Transfer to General Fund $191,900 $246,800 $259,140 $272,097 $285,702 $299,987 $314,986 $330,736 $347,272
Atlantic Beach Wastewater $641,800 $673,500 $707,175 $742,534 $779,660 $818,643 $859,576 $902,554 $947,682
Buccaneer Transfer to General Fund $278,300 $309,300 $324,765 $341,003 $358,053 $375,956 $394,754 $414,492 $435,216
Buccaneer Wastewater $312,300 $349,300 $366,765 $385,103 $404,358 $424,576 $445,805 5468,095 $491,500
Oak I'arbor Transfer to General Fund $11,800 $13,300 $13,965 $14,663 $15,396 $16,166 $16,975 $17,823 $18,714
Oak Harbor Wastewater $107,800 $8,000 $8,400 $8,820 $9,261 $9,724 $10,210 $10,721 $11,257
Subtotal Wastewater Expense: $1,543,900 $1,600,200 $1,680,210 $1,764,221 $1,852,432 $1,945,053 $2,042,306 $2,144,421 $2,251,642
Total Utility Expense: $2,301,307 $2,476,326 $2,600,142 $2,730,149 $2,866,657 $3,009,990 $3,160,489 $3,318,514 $3,484,439
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Summary
Audit Proforma Projected
1991-1992 - 1992-1993 1993-1994 1994-1995 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000
Total Operating Revenue
Water $896,000 $1,272,525 $1,403,550 $1,519,512 $1,627,110 $1,765,148 $1,817,433 $1,835,803 $1,857,805
Wastewater $1,852,000 $2,005,800 $2,309,572 $2,578,183 $2,840,672 $2,942,424 $2,986,535 $3,026,779 $3,067,009
Tota I: $2,748,000 $3,278,325 $3,713,122 $4,097,695 $4,467,782 $4,707,572 $4,803,968 $4,862,582 $4,924,814
'ictal Non Operating Revenue
Water $124,200 $88,600 $155,916 $128,721 $89,325 $89,325 $87,855 $81,975 $81,975
Wastewater $369,000 $336,600 $558,470 $467,820 $336,500 $336,500 $331,600 $312,000 $312,000
Tota I: $493,200 $425,200 $714,386 $596,541 $425,825 $425,825 $419,455 $393,975 $393,975
Total Revenue $3,241,200 $3,703,525 $4,427,508 $4,694,236 $4,893,607 $5,133,397 $5,223,423 $5,256,557 $5,318,789
Total Operating Expenses
Water $757,407 $876,126 $919,932 $965,929 $1,014,225 $1,064,937 $1,118,183 $1,174,093 $1,232,797
Wastewater $1,543,900 $1,600,200 $1,680,210 $1,764,221 $1,852,432 $1,945,053 $2,042,306 $2,144,421 $2,251,642
Total: $2,301,307 $2,476,326 $2,600,142 $2,730,150 $2,866,657 $3,009,990 $3,160,489 $3,318,514 $3,484,439
Net Revenue $939,893 $1,227,199 $1,827,366 $1,964,086 $2,026,950 $2,123,407 $2,062,934 $1,938,043 $1,834,350
Debt Service
Liberty National $0 $69,446 $69,447 $0 $0 $0 SO
Gulf Breeze $0 $108,231 $106,594 $107,616 $105,714 $106,491 $107,105
Barnett Bank $0 $227,045 $290,872 $631,952 $631,952 $631,952 $631,952
SRF- Oak Harbor(Not Included in this Request) $0 SO $40,330 $40,330 $40,330 $40,330 $40,330
SRP-Atlantic Beach WWTP Expansion $0 SO $348,800 $348,800 $348,800 $348,800 $348,800
Total Debt Service $0 $404,722 $856,043 $1,128,698 $1,126,796 $1,127,573 $1,128,187
Debt Service Coverage4.85 2.37 1.88 1.83 1.72 1.63
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General Notes
1. Projection of water and wastewater base charges and volume charges for revenue and
expenses based upon fiscal year 1993-1994 preliminary audit (proforma).
2. Water and wastewater revenues and expenses include production, treatment, distribution,
collection and support services.
3. Water and wastewater revenues increased by estimated annual system growth and existing
rate structure increases.
4. Water and wastewater revenue rate increases are effective January of each fiscal year.
Projections are adjusted to fiscal calendar year October 1 through September 30.
5. Buccaneer Water and Wastewater base charges and volume charges increase at 1.25 times
the in-City rate increase.
6. Customer connections estimated at 2.5 persons/connection.
7. New construction connections estimated at 70 percent of customer connection increases.
• $. Water Capital Improvement Revenues estimated at$325 per new construction connection. -410
P P
9. Water Connection Charges Revenues estimated at$525 per new construction connection.
10. Wastewater Connection Charges Revenues estimated at$500 per new construction
connection.
11. Wastewater Capital Facilities Revenuew estimated at$1,250 per new construction
connection.
12. System expenses increased at 5 percent per annum. Expenses do not include debt service
or depreciation.
13. With the exception of additional sludge processing operation expense, capital
improvements are not expected to significantly increase or decrease the basic operating
expenses.
14. Transfer of General Fund covers prorated administrative expenses of Public Works,
Finance, and City Manager offices.
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