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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 />FY 2026
<br />4,000,000
<br />0.0%
<br />1-May
<br />FY 2027
<br />$ 1,653,080
<br />9.0%
<br />1-Jul
<br />FY 2028
<br />$ 743,932
<br />9.0%
<br />1-Jul
<br />FY 2029
<br />$ 1,885,640
<br />9.0%
<br />FY 2030
<br />$ 5,727,198
<br />8.0%
<br />1-Jul
<br />FY 2031
<br />$ 12,864,067
<br />Revenues_____
<br />Water Rate Revenue
<br />Adjusted Water Rate Revenue
<br />Other Operating Revenue
<br />$
<br />$
<br />$
<br />71,416,969
<br />1,071,255
<br />3,874,380
<br />$ 71,585,915
<br />$ 6,442,732
<br />$ 3,874,380
<br />$ 71,695,879�$
<br />$ 13,485,995
<br />$ 3,874,380
<br />71,866,862
<br />$ 21,202,808
<br />$ 3,874,380
<br />$ 72,044,666�
<br />$ 29,652,259
<br />$ 3,874,380
<br />$ 72,153,118
<br />$ 37,844,897
<br />$ 3,874,380
<br />Non -Operating Revenue
<br />$
<br />1,508,000
<br />$ 1,508,000
<br />$ 1,508,000
<br />$ 1,508,000
<br />$ 1,508,000
<br />$ 1,508,000
<br />Total Revenues
<br />--------------------------------------------------------------------------------------------------------------------------------------------------------------------------
<br />Operating Expenses
<br />$
<br />$
<br />77,870,604
<br />73,493,080
<br />$ 83,411,028
<br />$ 76,476,623
<br />$ 90,564,254
<br />$ 79,581,992
<br />$ 98,452,050
<br />$ 82,770,189
<br />$ 107,079,305
<br />$ 86,099,883
<br />$ 115,380,395
<br />$ 89,367,767
<br />Net Operating Revenues
<br />$
<br />4,377,524
<br />$ 6,934,405
<br />$ 10,982,261
<br />$ 15,681,861
<br />$ 20,979,422
<br />$ 26,012,628
<br />Current Rate Funded Debt Service
<br />$
<br />3,272,735
<br />$ 3,843,554
<br />$ 3,840,554
<br />$ 3,840,304
<br />$ 3,842,554
<br />$ 3,842,054
<br />New Debt Service
<br />$
<br />-
<br />$ -
<br />$ -
<br />$ -
<br />$ -
<br />$ -
<br />Total Debt Service
<br />$
<br />3,272,735
<br />$ 3,843,554
<br />$ 3,840,554
<br />$ 3,840,304
<br />$ 3,842,554
<br />$ 3,842,054
<br />DSCR
<br />1.34
<br />1.80
<br />2.86
<br />4.08
<br />5.46
<br />6.77
<br />Total Operating and Debt Service
<br />$
<br />76,765,815
<br />$ 80,320,176
<br />$ 83,422,546
<br />$ 86,610,492
<br />$ 89,942,436
<br />$ 93,209,820
<br />Net Revenues
<br />$
<br />1,104,788
<br />$ 3,090,852
<br />$ 7,141,708
<br />$ 11,841,558
<br />$ 17,136,869
<br />$ 22,170,574
<br />Capital Expenditure
<br />$
<br />3,451,708
<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 />(2,346,920)
<br />1,653,080
<br />$ (909,148)
<br />$ 743,932
<br />$ 1,141,708
<br />$ 1,885,640
<br />$ 3,841,558
<br />$ 5,727,198
<br />$ 7,136,869
<br />$ 12,864,067
<br />$ 10,170,574
<br />$ 23,034,641
<br />City of Santa Ana - 2026 Water and Sewer Rate Study 24
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