Utility System Scenarios 4/1994UTILITY SYSTEM SCENARIOS
A. Existing System
B. OBWA Separate from City
C. Combined System
(1) No Contribution from County
(2) $ 2 Million from County
(3) $ 3 Million from County
RATES ANALYSIS SCENARIOS
1. Rates required to generate existing revenues
2. Rates required to generate future <1995> revenue
requirements, including debt service for the 1992A Bonds
3. Rates required to generate future <1995> revenue
requirements, including debt service for the 1992A Bonds
plus a new $ 8.0 Million bond issue.
TABLE A -1
SUMMARY OF MONTHLY RESIDENTIAL WATER RATES
REQUIRED TO GENERATE 1993 REVENUES
WITH EXISTING SYSTEM
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
All Sizes
$ 8.50
85.00
170.00
255.00
510.00
850.00
1,700.00
$ 10.63
106.25
212.50
318.75
637.50
1,062.50
2,125.00
C. OKEECHOBE
-0-
(1) Includes $1.00 Franchise Fee.
9402 - 001 -02
April 1994
ry
A. CITY
$ 3.10
7.75
15.50
24.80
49.60
77.50
155.00
B. COUNTY
$ 3.88
9.70
19.40
31.04
62.08
97.00
194.00
BEACH WATER ASSOCIATIO
$9.001)
$1.70
1.70
1.70
1.70
1.70
1.70
1.70
$2.13
2.13
2.13
2.13
2.13
2.13
2.13
$3.00 per each 1,000
gallons over 3,000
gallons
SMITH AND GILLESPIE ENGINEERS, INC.
JACKSONVILLE, FLORIDA Page 23
TABLE A -3
SUMMARY OF MONTHLY RESIDENTIAL WATER RATES
REQUIRED TO GENERATE 1993 REVENUES
WITH COMBINED SYSTEM
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
Minimum
Debt Service Service Char
A. NO CONTRIBUTION BY COUNTY
$ 6.14 $ 3.10
61.40 7.75
122.80 15.50
184.20 24.80
368.40 49.60
614.00 77.50
1,228.00 155.00
B. $2 MILLION CONTRIBUTION BY
$ 5.13 $ 3.10
51.30 7.75
102.60 15.50
153.90 24.80
307.80 49.60
513.00 77.50
1,026.00 155.00
C. $3 MILLION CONTRIBUTION BY
$ 4.62 $ 3.10
46.20 7.75
92.40 15.50
138.60 24.80
277.20 49.60
462.00 77.50
924.00 155.00
COUNTY (1)
COUNTY ( 1 )
$2.21
2.21
2.21
2.21
2.21
2.21
2.21
$2.21
2.21
2.21
2.21
2.21
2.21
2.21
$2.21
2.21
2.21
2.21'
2.21
2.21
2.21
(1) Based on County's cash contribution being invested in a rate stabilization fund
at 7.0 percent annual interest and earnings only applied to debt service.
9402 - 001 -02
April 1994
SMITH AND GILLESPIE ENGINEERS, INC.
JACKSONVILLE, FLORIDA Page 25
TABLE A -5
MONTHLY RESIDENTIAL WATER BILL
REQUIRED TO GENERATE 1993 REVENUES
5/8" X 3/4" METER USING 5.000 GALLONS
City
County
OBWA
Existing
System
$20.10
$25.16
$15.00
With 'OBWA
Separate .
$22.18
$27.74
$24.25(1)
onibined System
No Money::
roe ` County
$20.29
$20.29
$20.29
2 Million`;
rom County
$19.28
$19.28
$19.28
Million
rom' County
$18.77
$18.77
$18.77
(1) Per rate schedule required by FmBA Letter of Conditions to OBWA, dated March 29,
1993.
(2) Based on County's cash contribution being invested in a rate stabilization fund at
7.0 percent annual interest and earnings only applied to debt service.
9402- 001 -02
April 1994
SMITH AND GILLESPIE ENGINEERS, INC.
JACKSONVILLE, FLORIDA
Page 27
TABLE B -1
SUMMARY OF MONTHLY RESIDENTIAL WATER RATES
REQUIRED TO GENERATE ESTIMATED
1995 REVENUE REQUIREMENTS ")
WITH EXISTING SYSTEM
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
All Sizes
$ 12.96
129.60
259.12
388.80
777.60
1,296.00
2,592.00
Mi linium
Servi !e Charge
A. CITY
$ 3.10
7.75
15.50
24.80
49.60
77.50
155.00
B. COUNTY
$ 16.20 $ 3.88
162.00 9.70
324.00 19.40
486.00 31.04
972.00 62.08
1,620.00 97.00
3,240.00 194.00
C. OKEECHOBEE BEACH WATER ASSOCIATION
-0-
$9.00(2)
(1) Includes $459,670 debt service for 1992 Revenue Bonds.
(2) Includes $1.00 Franchise Fee.
9402 - 001 -02
April 1994
$1.70
1.70
1.70
1.70
1.70
1.70
1.70
$2.13
2.13
2.13
2.13
2.13
2.13
2.13
$3.00 per each 1,000
gallons over 3,000
gallons
SMITH AND GILLESPIE ENGINEERS, INC.
JACKSONVILLE, FLORIDA Page 29
TABLE B -3
SUMMARY OF MONTHLY RESIDENTIAL WATER RATES
REQUIRED TO GENERATE ESTIMATED
1995 REVENUE REQUIREMENTS ")
WITH COMBINED SYSTEM
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
[inimu
rvice Charge
lGlume Charge
CalLona'
A. NO CONTRIBUTION BY COUNTY
$ 9.27
92.70
185.40
278.10
556.20
927.00
1,854.00
B. $2 MILLION
$ 8.26
82.60
165.20
247.80
495.60
826.00
1,652.00
C. $3 MILLION
$ 7.75
77.50
155.00
232.50
465.00
775.00
1,550.00
$ 3.10
7.75
15.50
24.80
49.60
77.50
155.00
CONTRIBUTION BY
$ 3.10
7.75
15.50
24.80
49.60
77.50
155.00
CONTRIBUTION BY
$ 3.10
7.75
15.50
24.80
49.60
77.50
155.00
(1) Includes $459,670 debt service for 1992 Revenue Bonds.
COUNTY (2)
COUNTY(2)
$2.21
2.21
2.21
2.21
2.21
2.21
2.21
$2.21
2.21
2.21
2.21
2.21
2.21
2.21
$2.21
2.21
2.21
2.21
2.21
2.21
2.21
(2) Based on County's cash contribution being invested in a rate stabilization fund
at 7.0 percent annual interest and earnings only applied to debt service.
9402 - 001 -02
April 1994
SMITH AND GILLESPIE ENGINEERS, INC.
JACKSONVILLE, FLORIDA
Page 31
ea
TABLE B -5
MONTHLY RESIDENTIAL WATER BILL
REQUIRED TO GENERATE ESTIMATED
1995 REVENUE REQUIREMENTS(')
5/8" X 3/4" METER USING 5.000 GALLONS
ombined System!
ist0ng
ystem
:With ;OBWA
Separate;
City $24.56 $26.64
County $30.73 $33.32
OBWA $15.00 $24.25(2)
too Money:
rom Count
$23.42
$23.42
$23.42
)4I1 101
rom County
$22.41
$22.41
$22.41
(1) Includes $459,670 debt service for 1992 Revenue Bonds.
Million :!
rom County
(2) Per rate schedule required by FHA Letter of Conditions to OBWA, dated March 29,
1993.
$21.90
$21.90
$21.90
(3) Based on County's cash contribution being invested in a rate stabilisation fund at
7.0 percent annual interest and earnings only applied to debt service.
9402 - 001 -02
April 1994
SMITH AND GILLESPIE ENGINEERS, INC.
JACKSONVILLE, FLORIDA Page 33
•
•
■
•
•
N
•
■
■
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r
TABLE C -1
SUMMARY OF MONTHLY RESIDENTIAL WATER RATES
REQUIRED TO GENERATE ESTIMATED 1995
REVENUE REQUIREMENTS PLUS DEBT SERVICE
FOR NEW $8.0 MILLION REVENUE BOND ISSUE(1)
WITH EXISTING SYSTEM
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
All Sizes
$ 19.56
195.60
391.20
586.80
1,173.60
1,956.00
3,912.00
$ 24.45
244.50
489.00
773.50
1,467.00
2,445.00
4,890.00
A. CITY
$ 3.10
7.75
15.50
24.80
49.60
77.50
155.00
B. COUNTY
$ 3.88
9.70
19.40
31.04
62.08
97.00
194.00
C. OKEECHOBEE BEACH WATER ASSOCIATION
-0-
$9.00(2)
$1.70
1.70
1.70
1.70
1.70
1.70
1.70
$2.13
2.13
2.13
2.13
2.13
2.13
2.13
$3.00 per each 1,000
gallons over 3,000
gallons
(1) Includes $459,670 debt service for 1992 Revenue Bonds plus $680,000 debt service
for new $8.0 million bond issue.
(2) Includes $1.00 Franchise Fee.
9402- 001 -02
April 1994
SMITH AND GILLESPIE ENGINEERS, INC.
JACKSONVILLE, FLORIDA Page 35
TABLE C -3
SUMMARY OF MONTHLY RESIDENTIAL WATER RATES
REQUIRED TO GENERATE ESTIMATED 1995
REVENUE REQUIREMENTS PLUS DEBT SERVICE
FOR NEW $8.0 MILLION REVENUE BOND ISSUE")
WITH COMBINED SYSTEM
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
5/8" X 3/4"
1"
1 -1/2"
2"
3"
4"
6"
Minimum
Service Charge
A. NO CONTRIBUTION BY COUNTY
$ 13.91 $ 3.10
139.10 7.75
278.20 15.50
417.30 24.80
834.60 49.60
1,391.00 77.50
2,782.00 155.00
B. $2 MILLION CONTRIBUTION BY
$ 12.90 $ 3.10
129.00 7.75
258.00 15.50
387.00 24.80
774.00 49.60
1,290.00 77.50
2,580.00 155.00
C. $3 MILLION CONTRIBUTION BY
$ 12.39 $ 3.10
123.90 7.75
247.80 15.50
371.70 24.80
743.40 49.60
1,239.00 77.50
2,478.00 155.00
COUNTY( )
COUNTY( )
Volume Charge
er 1 000 Gallons
$2.21
2.21
2.21
2.21
2.21
2.21
2.21
$2.21
2.21
2.21
2.21
2.21
2.21
2.21
$2.21
2.21
2.21
2.21
2.21
2.21
2.21
(1) Includes $459,670 debt service for 1992 Revenue Bonds plus $680,000 debt service
for new $8.0 million bond issue.
(2) Based on County's cash contribution being invested in a rate stabilization fund
at 7.0 percent annual interest and earnings only applied to debt service.
9402 - 001 -02
April 1994
SMITH AND GILLESPIE ENGINEERS, INC.
JACKSONVILLE, FLORIDA Page 37
Existing
Area System
City $31.16
County $38.98
OBWA $15.00
(1)
(2)
(3)
9402 - 001 -02
April 1994
TABLE C -5
MONTHLY RESIDENTIAL WATER BILL
REQUIRED TO GENERATE ESTIMATED 1995
REVENUE REQUIREMENTS PLUS DEBT SERVICE
FOR NEW $8.0 MILLION REVENUE BOND ISSUE
5/8" X 3/4" METER USING 5.000 GALLONS
With OBWA
Separate
$33.24
$41.57
$24.25(2)
No "Money
From i'County
$28.06
$28.06
$28.06
2'..Million
tom,
$27.05
$27.05
$27.05
Million
rom :County (3)
$26.54
$26.54
$26.54
Includes $459,670 debt service for 1992 Revenue Bonds plus $680,000 debt service for
new $8.0 million bond issue.
Per rate schedule required by FmMA Letter of Conditions to OBWA, dated March 29,
1993.
Based on County's cash contribution being invested in a rate stabilization fund at
7.0 percent annual interest and earnings only applied to debt service.
SMITH AND GILLESPIE ENGINEERS, INC.
JACKSONVILLE, FLORIDA Page 39
MONTHLY BILL TO RAISE EXISTING (1993) REVENUES
CUSTOMER EXISTING OBWA
& AREA SYSTEM SEPARATE
COMBINED
$3M FROM CO.
Residential City $ 20.10 $ 22.18 $ 18.77
5/8 "x3/4" County $ 25.16 $ 27.74 $ 18.77
5,000 gal. OBWA $ 15.00 $ 24.25 $ 18.77
Commercial City $ 1,069.60 $ 1,194.40 $ 989.80
3" County $ 1,338.58 $ 1,493.68 $ 989.80
300,000 gal. OBWA $ 917.00 $ 1,231.25 $ 989.80
MONTHLY BILL WITH RATES INCREASED FOR 1992A DEBT SERVICE
CUSTOMER EXISTING OBWA
& AREA SYSTEM SEPARATE
COMBINED
$3M from CO.
Residential City $ 24.56 $ 26.64 $ 21.90
5/8 "x3/4" County $ 30.73 $ 33.32 $ 21.90
5,000 gal OBWA $ 15.00 $ 24.25 $ 21.90
Commercial City $ 1,337.20 $ 1,462.00 $1,177.60
3" County $ 1,673.08 $ 1,828.48 $1,177.60
300,000 gal OBWA $ 917.00 $ 1,231.25 $1,177.60