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Table 31 shows the proposed water pro forma for the study period with the recommended revenue
<br />adjustments per year.
<br />Table 31. Proposed Financial Pro Forma for City of Santa Ana Water System, FY 2026 to FY 2031
<br />Rate Increase
<br />----------------------------------------------------------------------------------------------------------------------------------------------------------------------
<br />Rate Month Implemented
<br />----------------- -- -- -------------
<br />Cash Position Opening Balance
<br />�
<br />$
<br />9.0%
<br />1 _May
<br />-
<br />FY 2026
<br />4,000,000
<br />0.0%
<br />1-May
<br />------
<br />FY 2027
<br />$ 1,653,004
<br />9.0%
<br />1-Jul
<br />-
<br />FY 2028
<br />$ 434,777
<br />9.0%
<br />1-Jul
<br />FY 2029
<br />$ 1,268,530
<br />9.0%
<br />1-Jul
<br />FY 2030
<br />$ 4,803,384
<br />8.0%
<br />1-Jul
<br />- ------
<br />FY 2031
<br />$ 11,607,174
<br />Revenues
<br />Water Rate Revenue
<br />Adjusted Water Rate Revenue
<br />$
<br />$
<br />71,416,969
<br />1,071,255
<br />$ 71,585,915
<br />$ 6,442,732
<br />$ 71,695,879
<br />$ 13,485,995
<br />$ 71,866,862
<br />$ 21,202,808
<br />$ 72,044,666
<br />$ 29,652,259
<br />$ 72,153,118
<br />$ 37,844,897
<br />Other Operating Revenue
<br />--------------------------------- --------------------------------------------------------------------------------------------------------------------------
<br />Non -Operating Revenue
<br />-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
<br />--------------------------------------------------------------------------------------------------------------------------------------------------------------------------
<br />Total Revenues
<br />$
<br />$
<br />$
<br />3,874,380
<br />1,508,000
<br />77,870,604
<br />$ 3,874,380
<br />$ 1,508,000
<br />$ 83,411,028
<br />$ 3,874,380
<br />$ 12508,000
<br />$ 90,564,254
<br />$ 3,874,380
<br />$ 1,508,000
<br />$ 98,452,050
<br />$ 3,874,380
<br />$ 1,508,000
<br />$ 107,079,305
<br />$ 3,874,380
<br />$ 1,508,000
<br />$ 115,380,395
<br />Operating Expenses
<br />$
<br />73,493,080
<br />$ 76,476,623
<br />$ 79,581,992
<br />$ 82,770,189
<br />$ 86,099,883
<br />$ 89,367,767
<br />----------------------------------------------------------------------------------------------------------------------------------------------------------------------
<br />Net Operating Revenues
<br />Current Rate Funded Debt Service
<br />$
<br />$
<br />4,377,524
<br />3,176,056
<br />$ 6,934,405
<br />$ 4,152,633
<br />$ 10,982,261
<br />$ 4,148,508
<br />$ 15,681,861
<br />$ 4,147,008
<br />$ 20,979,422
<br />$ 4,175,633
<br />$ 26,012,628
<br />$ 4,175,133
<br />Debt Service
<br />$
<br />-
<br />$ -
<br />$ -
<br />$ -
<br />$ -
<br />$
<br />-New
<br />Total Debt Service
<br />-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
<br />DSCR
<br />$
<br />3,176,056
<br />1.38
<br />$ 4,152,633
<br />1.67
<br />$ 4,148,508
<br />2.65
<br />$ 4,147,008
<br />3.78
<br />$ 4,175,633
<br />5.02
<br />$ 4,175,133
<br />6.23
<br />_
<br />Total Operating and Debt Service
<br />$
<br />76,669,136
<br />$ 80,629,256
<br />$ 83,730,500
<br />$ 86,917,197
<br />$ 90,275,515
<br />$ 93,542,900
<br />Net Revenues
<br />$
<br />1,201,468
<br />$ 2,781,772
<br />$ 6,833,753
<br />$ 31,534,854
<br />$ 16,803,790
<br />$ 21,837,495
<br />Capital Expenditure
<br />$
<br />3,548,463
<br />$ 4,000,000
<br />$ 6,000,000
<br />$ 8,000,000
<br />$ 10,000,000
<br />$ 12,000,000
<br />Net Income
<br />Ending Balance
<br />$
<br />$
<br />(2,346,996)
<br />1,653,004
<br />$ (1,218,228)
<br />$ 434,777
<br />$ 833,753
<br />$ 1,268,530
<br />$ 3,534,854
<br />$ 4,803,384
<br />$ 6,803,790
<br />$ 11,607,174
<br />$ 9,837,495
<br />$ 21,444,669
<br />City of Santa Ana - 2026 Water and Sewer Rate Study 25
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