Central Davis Sewer District

BUDGET 2014
Final

December 12, 2013

Central Davis Sewer District - 2014 Budget

TREATMENT PLANT - 2013 - 2014 Prelim

OPERATING REVENUES
Service Charges
Property Taxes
Total Oper. Revenue
OPERATING EXPENSES
Salaries & Wages
Employee Benefits
Board of Trustee Fees
Office Supply/Expense
Repairs & Maintenance
Utilities
Chemicals
Chemical Analysis
Professional Services
Insurance & Bonds
Miscellaneous
Depreciation
Total Oper. Expense
OPERATING INCOME

Expended
2012

Budget
2013

To Date
Expended
2013

Forecast
To Go
2013

Forecast
Total
2013

Budget
2014

2,456,834
616,158
_______

2,497,000
616,000
_______

1,926,732
146,444
_______

570,268
483,556
_______

2,497,000
630,000
_______

2,527,000
630,000
_______

3,072,992

3,113,000

2,073,176

3,127,000

3,157,000

527,163
190,701
25,000
24,161
333,604
274,098
68,862
49,975
131,219
48,302
26,761
1,201,842
_______

603,000
283,000
25,000
23,000
410,000
283,000
88,000
52,000
170,000
56,000
23,000
1,240,000
_______

469,465
230,330
20,834
19,689
337,901
252,736
52,895
31,470
117,040
58,436
20,609
1,247,000
_______

110,535
45,670
4,166
5,311
72,099
27,264
20,105
9,530
21,960
1,564
5,391
0
_______

580,000
276,000
25,000
25,000
410,000
280,000
73,000
41,000
139,000
60,000
26,000
1,247,000
_______

617,000
290,000
25,000
26,000
408,000
291,000
86,000
45,000
161,000
64,000
28,000
1,310,000
_______

2,901,688

3,179,000

2,858,405

323,595

3,182,000

3,351,000

171,304

1,053,824

(66,000)

(785,229)

730,229

(55,000)

(194,000)

29,000
483,000
65,000
(10,000)

4,471
36,757
12,755
(10,000)
0
_______
43,983
_______

28,000
685,000
78,000
(10,000)
0
_______
781,000
_______

29,000
510,000
69,000
(9,000)

_______
567,000
_______

23,529
648,243
65,245
0
0
_______
737,017
_______

_______
599,000
_______

501,000

(48,212)

774,212

726,000

405,000

153,000
710,847
_______

154,000
845,000
_______

0
694,985
_______

154,000
45,015
_______

154,000
740,000
_______

155,000
490,000
_______

Total Other Expenditures

863,847

999,000

694,985

199,015

894,000

645,000

NET INCOME

390,623

(498,000)

(743,197)

575,197

(168,000)

(240,000)

1,201,842
_______

1,240,000
_______

1,247,000
_______

0
_______

1,247,000
_______

1,310,000
_______

1,592,465

742,000

503,803

575,197

1,079,000

1,070,000

NON-OPERATING INCOME (EXPENSE)

Interest Income
35,151
Impact Fees
984,970
Sundry Revenue
73,320
Interest on Bonds
(10,275)
Revenue Bond Proceeds
0
_______
Non-Oper Inc./Loss
1,083,166
_______
GROSS INCOME
OTHER EXPENDITURES
Bond Retirement
Capital Improvements

ADD DEPRECIATION
CASH INCR/DECR.

1,254,470

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Central Davis Sewer District - 2014 Budget

COLLECTIONS SYSTEM - 2013 - 2014 Prelim

OPERATING REVENUES
Service Charges
Property Taxes
Total Oper. Revenue
OPERATING EXPENSES
Salaries & Wages
Employee Benefits
Office Supply/Expense
General Maintenance
Collection Repairs/Claims
Professional Services
Insurance & Bonds
Miscellaneous
Depreciation
Total Oper. Expense
GROSS INCOME

Expended
2012

Budget
2013

To Date
Expended
2013

Forecast
To Go
2013

Forecast
Total
2013

Budget
2014

844,366
0
_______

822,000
0
_______

662,750
0
_______

211,250
0
_______

874,000
0
_______

880,000
0
_______

844,366

822,000

662,750

211,250

874,000

880,000

531,325
192,044
11,043
58,680
114,634
10,072
36,670
11,209
428,058
_______

552,000
259,000
14,000
80,000
200,000
22,000
43,000
21,000
463,000
_______

442,428
217,065
7,865
56,398
176,356
12,474
43,500
14,390
448,000
_______

118,572
46,935
4,135
22,602
23,644
5,526
500
3,610
0
_______

561,000
264,000
12,000
79,000
200,000
18,000
44,000
18,000
448,000
_______

607,000
286,000
14,000
82,000
118,000
22,000
47,000
19,000
471,000
_______

1,393,735

1,568,000

1,418,476

225,524

1,644,000

1,666,000

(549,369)

(746,000)

(755,726)

(14,274)

(770,000)

(786,000)

1,200
519,583
_______
518,383

0
254,000
_______
254,000

200
154,333
_______
154,133

0
60,667
_______
60,667

200
215,000
_______
214,800

0
596,000
_______
596,000

NET INCOME

(1,067,752)

(1,000,000)

(909,859)

(74,941)

(984,800)

(1,382,000)

ADD DEPRECIATION

428,058
_______

463,000
_______

448,000
_______

0
_______

448,000
_______

471,000
_______

(639,694)

(537,000)

(461,859)

(74,941)

(536,800)

(911,000)

OTHER ITEMS
Sundry Revenue
Capital Improvements
Total Other Expenditures

CASH INCR/DECR.

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Central Davis Sewer District - 2014 Budget

TREATMENT PLANT AND COLLECTION SYSTEM - 2013 - 2014 - Prelim

OPERATING REVENUES
Service Charges
Property Taxes
Total Oper. Revenue
OPERATING EXPENSES
Salaries & Wages
Employee Benefits
Board of Trustee Fees
Office Supply/Expense
Repairs & Maintenance
Utilities
Trunk System Repairs
Chemicals
Chemical Analysis
Professional Services
Insurance & Bonds
Miscellaneous
Depreciation
Total Oper. Expense
OPERATING INCOME

Expended
2012

Budget
2013

To Date
Expended
2013

Forecast
To Go
2013

Forecast
Total
2013

Budget
2014

3,301,200
616,158
_______

3,319,000
616,000
_______

2,589,482
146,444
_______

781,518
483,556
_______

3,371,000
630,000
_______

3,407,000
630,000
_______

3,917,358

3,935,000

2,735,926

4,001,000

4,037,000

1,058,488
382,745
25,000
35,204
392,284
274,098
114,634
68,862
49,975
141,291
84,972
37,970
1,629,900
_______

1,155,000
542,000
25,000
37,000
490,000
283,000
200,000
88,000
52,000
192,000
99,000
44,000
1,703,000
_______

911,893
447,395
20,834
27,554
394,299
252,736
176,356
52,895
31,470
129,514
101,936
34,999
1,695,000
_______

229,107
92,605
4,166
9,446
94,701
27,264
23,644
20,105
9,530
27,486
2,064
9,001
0
_______

1,141,000
540,000
25,000
37,000
489,000
280,000
200,000
73,000
41,000
157,000
104,000
44,000
1,695,000
_______

1,224,000
576,000
25,000
40,000
490,000
291,000
118,000
86,000
45,000
183,000
111,000
47,000
1,781,000
_______

4,295,423

4,910,000

4,276,881

549,119

4,826,000

5,017,000

715,955

(825,000)

(980,000)

1,265,074

(378,065)

(975,000)

(1,540,955)

NON-OPERATING INCOME (EXPENSE)

Interest Income
35,151
Impact Fees
984,970
Sundry Revenue
74,520
Interest on Bonds
(10,275)
Revenue Bond Proceeds
0
_______
Non-Oper Inc./Loss
1,084,366
_______

29,000
483,000
65,000
(10,000)
0
_______
567,000
_______

23,529
648,243
65,445
0
0
_______
737,217
_______

4,471
36,757
12,755
(10,000)
0
_______
43,983
_______

28,000
685,000
78,200
(10,000)
0
_______
781,200
_______

29,000
510,000
69,000
(9,000)
0
_______
599,000
_______

706,301

(408,000)

(803,738)

759,938

(43,800)

(381,000)

153,000
1,230,430
_______

154,000
1,099,000
_______

0
849,318
_______

154,000
105,682
_______

154,000
955,000
_______

155,000
1,086,000
_______

1,383,430

1,253,000

849,318

259,682

1,109,000

1,241,000

GROSS INCOME
OTHER EXPENDITURES
Bond Retirement
Capital Improvements
Total Other Expenditures
NET INCOME

(677,129)

(1,661,000)

(1,653,056)

500,256

(1,152,800)

(1,622,000)

ADD DEPRECIATION

1,629,900
_______

1,703,000
_______

1,695,000
_______

0
_______

1,695,000
_______

1,781,000
_______

500,256

542,200

159,000

CASH INCR/DECR.

952,771

42,000

41,944

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CDSD Rates - $15 Million Project (Blue) or No Project (Red)

$45.00

$40.00

$35.00

$30.00

$25.00

$20.00

$15.00

$10.00

$5.00

$0.00

Central Davis Sewer District

RATE STUDY - NOVEMBER, 2013

For Budget Year 2014

GENERAL INFORMATION

ESTIMATED POPULATION
EST RESIDENTIAL CONN
PERSONS/CONNECTION
EST COMMERCIAL CONN
CONNECTION FEE

54,500 2012 Census Estimate

14,200
3.8
585
$1,700

RESIDENT RATE/MO.

$18.00

CURRENT TAX REVENUE

610,000

$23.00

$26.00

$27.00

$29.00

$30.00

$30.00

$30.00

$30.00

$32.00

$32.00

$32.00

ITEM
POPULATION/CONNECTIONS

Jan-14

Jan-15

Jan-16

Jan-17

Jan-18

Jan-19

Jan-20

Jan-21

Jan-22

Jan-23

Jan-24

Jan-25

PROJECTED POPULATION
NEW RESIDENTIAL CONN.
RESIDENTIAL CONNECT.
COMMERCIAL CONNECT.

54,500
275
14,475
591

55,300
208
14,683
597

56,100
208
14,892
603

56,900
208
15,100
609

57,700
208
15,309
615

58,500
208
15,517
621

59,300
208
15,726
627

60,100
208
15,934
633

60,600
130
16,064
640

61,100
130
16,195
646

61,600
130
16,325
653

62,100
130
16,455
659

467,500
5,100,000
773,200
20,000

354,349
5,160,700
1,681,243
25,804

354,349
5,822,095
1,045,762
29,110

354,349
5,851,316
1,146,952
29,257

354,349
5,981,873
1,338,521
29,909

354,349
6,304,652
1,429,995
31,523

354,349
6,520,520
1,309,325
32,603

354,349
6,616,796
1,178,413
33,084

221,468
6,582,641
1,035,055
32,913

221,468
6,972,077
1,223,920
34,860

221,468
6,852,326
1,029,847
34,262

221,468
6,537,902
823,172
32,690

CAPITAL PROJECT REVENUES

CONNECTION FEES
BALANCE PREVIOUS
FROM THIS YR O&M
INTEREST INCOME
BONDING REVENUES
AMOUNT USED THIS YR

1,200,000

1,400,000

1,400,000

1,400,000

1,400,000

1,600,000

1,600,000

1,600,000

1,600,000

1,600,000

1,600,000

1,600,000

5,160,700

5,822,095

5,851,316

5,981,873

6,304,652

6,520,520

6,616,796

6,582,641

6,272,077

6,852,326

6,537,902

6,015,231

3,067,200
295,000
74,000
60,000
630,000
4,126,200

3,995,100
380,714
95,067
60,600
634,502
5,165,983

4,581,233
434,676
107,467
61,206
639,005
5,823,587

4,824,969
455,908
111,600
61,818
643,507
6,097,803

5,254,912
494,576
119,867
62,436
648,009
6,579,800

5,511,154
516,747
124,000
63,061
652,512
6,867,473

5,586,193
521,914
124,000
63,691
657,014
6,952,812

5,661,231
527,133
124,000
64,328
661,516
7,038,209

5,736,270
532,405
124,000
64,971
664,330
7,121,976

6,168,713
573,577
132,267
65,621
667,144
7,607,322

6,218,739
579,313
132,267
66,277
669,958
7,666,554

6,268,765
585,106
132,267
66,940
672,772
7,725,850

3,189,000

3,320,740

3,485,527

3,658,553

3,948,981

4,145,180

4,351,189

4,567,499

4,794,623

5,091,105

5,344,410

5,610,380

NET REVENUE

937,200

1,845,243

2,338,060

2,439,249

2,630,819

2,722,293

2,601,623

2,470,710

2,327,352

2,516,218

2,322,144

2,115,469

All Outstanding Bonds

T/F Replacement Project Bond

164,000

164,000

164,000

164,000

164,000

164,000

164,000

164,000

164,000

164,000

164,000

164,000

1,128,298

1,128,298

1,128,298

1,128,298

1,128,298

1,128,298

1,128,298

1,128,298

1,128,298

1,128,298

BALANCE ON HAND - Yr End

OPERATING REVENUES

RESIDENTIAL RATES
COMMERCIAL RATES
LARGE COMMERCIAL
SUNDRY REVENUE
TAX REVENUE
TOTAL OPER. REVENUE
OPERATING EXPENDITURES

OPPERATIONS & MAINT.

TOTAL DEBT SERVICE

TOTAL EXPENSES
AVAIL. FOR PROJECT

164,000

164,000

1,292,298

1,292,298

1,292,298

1,292,298

1,292,298

1,292,298

1,292,298

1,292,298

1,292,298

1,292,298

3,353,000

3,484,740

4,777,825

4,950,851

5,241,279

5,437,478

5,643,487

5,859,796

6,086,921

6,383,402

6,636,707

6,902,678

773,200

1,681,243

1,045,762

1,146,952

1,338,521

1,429,995

1,309,325

1,178,413

1,035,055

1,223,920

1,029,847

823,172

Macintosh HD:Users:ljmyers:Desktop:2014 Budget:RATE STUDY-2013 Yr End - Prelim.xlsx Rate Study 1 - 2014

9/30/13 10:09 PM

Central Davis Sewer District

RATE STUDY - NOVEMBER, 2013

For Budget Year 2014

GENERAL INFORMATION

ESTIMATED POPULATION
EST RESIDENTIAL CONN
PERSONS/CONNECTION
EST COMMERCIAL CONN
CONNECTION FEE
RESIDENT RATE/MO.

$34.00

$34.00

$34.00

$36.00

$36.00

$38.00

$38.00

$40.00

CURRENT TAX REVENUE

ITEM
POPULATION/CONNECTIONS

Jan-26

Jan-27

Jan-28

Jan-29

Jan-30

Jan-31

Jan-32

Jan-33

PROJECTED POPULATION
NEW RESIDENTIAL CONN.
RESIDENTIAL CONNECT.
COMMERCIAL CONNECT.

62,600
130
16,585
666

63,100
130
16,716
672

63,600
130
16,846
679

64,100
130
16,976
686

64,600
130
17,107
693

65,100
130
17,237
700

65,600
130
17,367
707

66,100
130
17,497
714

221,468
6,015,231
1,043,389
30,076

221,468
5,710,164
753,077
28,551

221,468
5,313,260
669,174
26,566

221,468
4,930,468
783,921
24,652

221,468
4,860,510
504,175
24,303

221,468
4,410,455
664,827
22,052

221,468
3,818,802
353,243
19,094

221,468
3,212,607
487,321
16,063

CAPITAL PROJECT REVENUES

CONNECTION FEES
BALANCE PREVIOUS
FROM THIS YR O&M
INTEREST INCOME
BONDING REVENUES
AMOUNT USED THIS YR

1,600,000

1,400,000

1,300,000

1,100,000

1,200,000

1,500,000

1,200,000

1,200,000

5,710,164

5,313,260

4,930,468

4,860,510

4,410,455

3,818,802

3,212,607

2,737,458

6,713,715
627,892
140,533
67,610
675,586
8,225,336

6,766,867
634,171
140,533
68,286
678,400
8,288,257

6,820,019
640,513
140,533
68,968
681,214
8,351,248

7,277,476
684,972
148,800
69,658
684,028
8,864,934

7,333,755
691,821
148,800
70,355
686,842
8,931,573

7,800,591
737,558
157,067
71,058
689,656
9,455,930

7,859,997
744,934
157,067
71,769
692,470
9,526,236

8,336,213
791,983
165,333
72,487
695,284
10,061,299

OPPERATIONS & MAINT.

5,889,649

6,242,882

6,553,776

6,952,715

7,299,100

7,662,805

8,044,696

8,445,681

NET REVENUE

2,335,686

2,045,375

1,797,472

1,912,219

1,632,472

1,793,125

1,481,540

1,615,618

164,000

164,000

1,128,298

1,128,298

1,128,298

1,128,298

1,128,298

1,128,298

1,128,298

1,128,298

TOTAL DEBT SERVICE

1,292,298

1,292,298

1,128,298

1,128,298

1,128,298

1,128,298

1,128,298

1,128,298

TOTAL EXPENSES

7,181,947

7,535,179

7,682,073

8,081,012

8,427,398

8,791,103

9,172,993

9,573,978

AVAIL. FOR PROJECT

1,043,389

753,077

669,174

783,921

504,175

664,827

353,243

487,321

BALANCE ON HAND - Yr End

OPERATING REVENUES

RESIDENTIAL RATES
COMMERCIAL RATES
LARGE COMMERCIAL
SUNDRY REVENUE
TAX REVENUE
TOTAL OPER. REVENUE
OPERATING EXPENDITURES

All Outstanding Bonds

T/F Replacement Project Bond

ASSUMPTIONS
1. Growth in commercial connections estimated at 1% per year.
2. Residential revenue equals yearly rate times previous years units.
3. Commercial revenue basis: 2013 revenue factored by rate changes
4. Tax revenue assumed to remain at a constant tax rate.
5. Interest Income assumed to be 0.5%.

Macintosh HD:Users:ljmyers:Desktop:2014 Budget:RATE STUDY-2013 Yr End - Prelim.xlsx Rate Study 1 - 2014

9/30/13 10:09 PM

Central Davis Sewer District

RATE STUDY - DECEMBER, 2013

For Budget Year 2014
RESERVE FUND
ITEM

Cash Reserves

Cash Reserves

Cash Reserves

Cash Reserves

Jan-14

$5,160,700

Jan-15

$5,822,095

Jan-16

$5,851,316

Jan-17

$5,981,873

Jan-18

$6,304,652

Jan-19

Jan-20

Jan-21

Jan-22

Jan-23

$6,520,520

$6,616,796

$6,582,641

$6,272,077

$6,852,326

Jan-24

Jan-25

Jan-26

Jan-27

Jan-28

$6,537,902

$6,015,231

$5,710,164

$5,313,260

$4,930,468

Jan-29

Jan-30

Jan-31

Jan-32

Jan-33

$4,860,510

$4,410,455

$3,818,802

$3,212,607

$2,737,458

Macintosh HD:Users:ljmyers:Desktop:2014 Budget:RATE STUDY-2013 Yr End - Prelim.xlsx

9/30/13 10:07 PM

Central Davis Sewer District

RATE STUDY - NOVEMBER, 2013

For Budget Year 2014

ITEM

Jan-14

Jan-15

Jan-16

Jan-17

Jan-18

Jan-19

Jan-20

Jan-21

Jan-22

Jan-23

Jan-24

13.00

13.00

13.00

13.00

15.00

15.00

15.00

15.00

15.00

17.00

17.00

5.00

7.00

7.00

7.00

7.00

7.00

7.00

9.00

9.00

9.00

9.00

ITEM
RESIDENT RATE/MO.
COLLECTION RATE

TOTAL MONTHLY RATE

$18.00

TOTAL OPER. REVENUE

OPERATING EXPENDITURE

$20.00

$20.00

$20.00

$22.00

$22.00

$22.00

$24.00

$24.00

$26.00

$26.00

4,126,200
3,189,000

5,165,983
3,320,740

5,823,587
3,485,527

6,097,803
3,658,553

6,579,800
3,948,981

6,867,473
4,145,180

6,952,812
4,351,189

7,038,209
4,567,499

7,121,976
4,794,623

7,607,322
5,091,105

7,666,554
5,344,410

937,200

1,845,243

2,338,060

2,439,249

2,630,819

2,722,293

2,601,623

2,470,710

2,327,352

2,516,218

2,322,144

All Outstanding Bonds

164,000

164,000

164,000

164,000

164,000

164,000

164,000

164,000

164,000

164,000

164,000

TOTAL DEBT SERVICE

164,000

164,000

1,292,298

1,292,298

1,292,298

1,292,298

1,292,298

1,292,298

1,292,298

1,292,298

1,292,298

AVAIL. FOR PROJECT

CONNECTION FEES

773,200
467,500

1,681,243
354,349

1,045,762
354,349

1,146,952
354,349

1,338,521
354,349

1,429,995
354,349

1,309,325
354,349

1,178,413
354,349

1,035,055
221,468

1,223,920
221,468

1,029,847
221,468

TOTAL REVENUE AVAILABLE

1,240,700

2,035,591

1,400,111

1,501,300

1,692,870

1,784,344

1,663,674

1,532,761

1,256,523

1,445,388

1,251,315

NET REVENUE TO ADS

757%

1241%

108%

116%

131%

138%

129%

119%

97%

112%

97%

NET REVENUE

Macintosh HD:Users:ljmyers:Desktop:2014 Budget:RATE STUDY-2013 Yr End - Prelim.xlsx Rate Study 1 - 2014

9/30/13 10:11 PM

Central Davis Sewer District

RATE STUDY - NOVEMBER, 2013

For Budget Year 2014

ITEM

Jan-25

Jan-26

Jan-27

Jan-28

Jan-29

Jan-30

Jan-31

Jan-32

Jan-33

17.00

18.00

18.00

18.00

18.00

20.00

20.00

21.00

21.00

9.00

10.00

10.00

10.00

10.00

11.00

11.00

11.00

12.00

ITEM
RESIDENT RATE/MO.
COLLECTION RATE

TOTAL MONTHLY RATE

$26.00

TOTAL OPER. REVENUE

OPERATING EXPENDITURE

$28.00

$28.00

$28.00

$28.00

$31.00

$31.00

$32.00

$33.00

7,725,850
5,610,380

8,225,336
5,889,649

8,288,257
6,242,882

8,351,248
6,553,776

8,864,934
6,952,715

8,931,573
7,299,100

9,455,930
7,662,805

9,526,236
8,044,696

10,061,299
8,445,681

2,115,469

2,335,686

2,045,375

1,797,472

1,912,219

1,632,472

1,793,125

1,481,540

1,615,618

164,000

164,000

164,000

1,292,298

1,292,298

1,292,298

1,128,298

1,128,298

1,128,298

1,128,298

1,128,298

1,128,298

823,172
221,468

1,043,389
221,468

753,077
221,468

669,174
221,468

783,921
221,468

504,175
221,468

664,827
221,468

353,243
221,468

487,321
221,468

TOTAL REVENUE AVAILABLE

1,044,640

1,264,857

974,545

890,642

1,005,389

725,643

886,295

574,710

708,789

NET REVENUE TO ADS

81%

98%

75%

N/A

N/A

NET REVENUE

0
All Outstanding Bonds

TOTAL DEBT SERVICE

AVAIL. FOR PROJECT

CONNECTION FEES

Macintosh HD:Users:ljmyers:Desktop:2014 Budget:RATE STUDY-2013 Yr End - Prelim.xlsx Rate Study 1 - 2014

9/30/13 10:11 PM

N/A

N/A

N/A

N/A