DEPARTMENT:
Finance
DEPARTMENT HEAD:
Troy Elliot
COUNCIL DISTRICTS IMPACTED:
City Wide
SUBJECT:
San Antonio Water System (SAWS) Proposed Water, Water Supply, Recycled Water and Wastewater Rate Adjustments
SUMMARY:
The proposed Ordinance authorizes approval of adjustments to SAWS Water, Water Supply, Recycled Water and Wastewater rates.
BACKGROUND INFORMATION:
SAWS has proposed to increase water, water supply and wastewater rates effective January 1, 2014. The City hosted two City Council work sessions (October 2nd and October 17rd) to allow SAWS to present its rate case and to provide an opportunity for the public to provide input on the proposed request. The rates were presented for review at the October 1, 2013 meeting of the SAWS Board of Trustees and final consideration was given by the Board of Trustees on November 12, 2013.
The Public Utilities Staff ("Staff") of the Finance Department has been working with SAWS staff to conduct a comprehensive review of the proposed water, water supply and wastewater rate adjustments since August 2013. The review included areas such as:
* Economic/Rate Model
> Flow of Funds
* Key Financial Targets
> Debt Service Coverage
> Debt/Equity Ratio
> Days Cash on Hand
> Reserve Balances
> Additional Repair and Replacement Funds
* Revenue Requirements
* Proposed Capital Plan
* Operations and Maintenance Budget
* Financing Plan
* Affordability Programs
* EPA Consent Decree
* Water Supply Acquisition & Diversity
The proposed rate adjustments will equate to an increase of 5.1% on the average monthly residential SAWS bill. This assumes monthly water usage of 7,788 gallons and wastewater usage of 6,178 gallons. The table below shows the current and projected average monthly residential bill.
2013 Current
2014 Proposed
2015 Proposed
Water Supply
$9.29
$10.51
$11.16
Water Delivery
$15.29
$15.66
$16.09
Waste Water
$25.75
$26.74
$28.46
Total SAWS
$50.33
$52.91
$55.71
Increase $
$...
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