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Table 81 shows the proposed sewer pro forma for the study period with the recommended revenue
<br />adjustments per year. All revenue adjustments will occur in January of the Fiscal Year.
<br />Table 81. Proposed Financial Pro Forma for City of Santa Ana Sewer System, FY 2026 to FY 2031
<br />Rate Increase
<br />----------------------------------
<br />Rate Month Implemented
<br />------------------ -
<br />--------------------------------------------
<br />Cash Position Opening Balance
<br />13.5%
<br />---------------------------------------
<br />1-May
<br />-----FY---2026----------------------------------------------------------------
<br />$ 18,318,613
<br />0.0%
<br />1_Jul
<br />FY 2027
<br />$ 15,347,265
<br />13.5%
<br />------------------------------------------------------------
<br />1-Jul
<br />FY 2028
<br />$ 12,137,291
<br />10.0%
<br />1-Jul
<br />-
<br />FY 2029 ----------
<br />$ 9,927,253
<br />10.0%
<br />1-Jul
<br />FY 2030 -------------------
<br />$ 8,518,164
<br />10.0%
<br />1-Jul -
<br />FY-203-1 -----
<br />$ 8,014,814
<br />Revenues
<br />Sewer Rate Revenue
<br />$
<br />8,922,314
<br />$ 8,939,774
<br />$ 8,951,412
<br />$ 8,969,036
<br />$ 8,986,813
<br />$ 8,999,084
<br />Adjusted Sewer Rate Revenue
<br />$
<br />200,752
<br />$ 1,206,869
<br />$ 2,580,021
<br />$ 3,740,514
<br />$ 5,021,402
<br />$ 6,430,993
<br />Other Operating Revenue
<br />$
<br />450,000
<br />$ 450,000
<br />$ 450,000
<br />$ 450,000
<br />$ 450,000
<br />$ 450,000
<br />Non -Operating Revenue
<br />$
<br />400,000
<br />$ 400,000
<br />$ 400,000
<br />$ 400,000
<br />$ 400,000
<br />$ 400,000
<br />Investment Revenue
<br />Property Tax Revenue
<br />$
<br />-
<br />$ -
<br />$ -
<br />$ -
<br />$ -
<br />$ -
<br />Total Revenues
<br />$
<br />9,973,066
<br />$ 10,996,643
<br />$ 12,381,432
<br />$ 13,559,550
<br />$ 14,858,215
<br />$ 16,280,077
<br />Operating Expenses
<br />$
<br />8,759,440
<br />$ 9,132,875
<br />$ 9,517,728
<br />$ 9,894,897
<br />$ 10,287,824
<br />$ 10,671,969
<br />Net Operating Revenue
<br />$
<br />1,213,626
<br />$ 1,863,768
<br />$ 2,863,705
<br />$ 3,664,653
<br />$ 4,570,392
<br />$ 5,608,108
<br />Current Debt Service
<br />$
<br />73,742
<br />$ 73,742
<br />$ 73,742
<br />$ 73,742
<br />$ 73,742
<br />$ 73,742
<br />Proposed Debt Service
<br />$
<br />-
<br />$ -
<br />$ -
<br />$ -
<br />$ -
<br />$ -
<br />Total Operating and Debt Service
<br />------------------------------------
<br />Net Revenues Before CIP
<br />$
<br />$
<br />8,833,182
<br />1,139,884
<br />$ 9,206,618
<br />-------------------------
<br />$ 1,790,026
<br />$ 9,591,470
<br />$ 2,789,962
<br />$ 9,968,639
<br />------------------------------------
<br />$ 3,590,911
<br />$ 10,361,566
<br />$ 4,496,649
<br />$ 10,745,711
<br />---------
<br />$ 5,534,366
<br />Capital Expenditure
<br />$
<br />4,111,232
<br />-------------------------------------------------------------------------------
<br />$ 5,000,000
<br />$ 5,000,000
<br />$ 5,000,000
<br />$ 5,000,000
<br />$ 5,000,000
<br />--------------------------------------------
<br />Net Income
<br />--------------------------------------------
<br />Ending Balance
<br />-------------------------------------------------
<br />$ (2,971,348)
<br />-------------------------------------------------------------------------------------------------------------------
<br />$ 15,347,265
<br />$ (3,209,974)
<br />$ 12,137,291
<br />$ (2,210,038)
<br />$ 9,927,253
<br />---------------------------
<br />$ (1,409,089)
<br />$ 8,518,164
<br />$ (503,351)
<br />$ 8,014,814
<br />-------
<br />$ 534,366
<br />$ 8,549,180
<br />-------------------------------------------
<br />Reserve Target
<br />-------------------------------------------------------------------------------------------------------------------
<br />$8,649,461
<br />$8,742,820
<br />$8,839,033
<br />$8,933,326
<br />$9,031,557
<br />$9,127,594
<br />City of Santa Ana - 2026 Water and Sewer Rate Study 53
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