fy 2018 utility revenue sufficiency analysis final report...2017/09/05 · stantec consulting...

City of Cape Coral, FL

FY 2018 Utility Revenue Sufficiency Analysis

Final Report

September 5, 2017

City Cape Coral, FL

FY 2018 Utility Revenue Sufficiency Analysis

Final Report

November 2, 2018

November 2, 2018 Mr. Jeffrey Pearson Utilities Director City of Cape Coral PO Box 150027 Cape Coral, FL 33915-0027 Re: FY 2018 Utility Revenue Sufficiency Analysis – Final Report

Dear Mr. Pearson: Stantec Consulting Services, Inc. is pleased to present this Final Report of the FY 2018 Utility Revenue Sufficiency Analysis that we have performed for the City’s Water, Sewer, and Irrigation Utility Systems. We appreciate the fine assistance provided by you and all the members of City staff who participated in the analysis. If you have any questions, please do not hesitate to call Jeff Dykstra (813) 204-3311. Sincerely,

Andrew J. Burnham Vice President

Jeff Dykstra Managing Consultant

777 S. Harbour Island Blvd., Suite 600 Tampa, Florida 33602 (813) 443-5138 [email protected] Enclosure

Table of Contents

City of Cape Coral | Revenue Sufficiency Analysis Stantec | 1

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TABLE OF CONTENTS 1.0 Introduction ................................................................................................ 2

Background & Objectives ............................................................................................... 2

2.0 Base Data & Assumptions ......................................................................... 3 Base Data ....................................................................................................................... 3 Assumptions ................................................................................................................... 4 2.2.1 Adjustments to Expenditures ................................................................................. 4 2.2.2 Cost Escalation & Spending Assumptions ............................................................. 4 2.2.3 Growth .................................................................................................................... 4 2.2.4 Base UEP Parameters ........................................................................................... 5 2.2.5 Interest Income ....................................................................................................... 5 2.2.6 Impact Fees ............................................................................................................ 5 2.2.7 Capital Improvement Program ............................................................................... 6 2.2.8 Pending Financings ................................................................................................ 6 2.2.9 Future Borrowing Assumptions .............................................................................. 6 2.2.10 Debt Service and Coverage .................................................................................. 7 2.2.11 Minimum Operating Reserve ................................................................................. 7

3.0 Results ........................................................................................................ 8

4.0 Conclusions & Recommendations ........................................................... 9 Conclusions .................................................................................................................... 9 Recommendations .......................................................................................................... 9

Appendix A: Supporting Schedules ............................................................... 10

1. Introduction


1.0 INTRODUCTION

The City of Cape Coral (the “City”) has retained Stantec Consulting Services, Inc., (Stantec1) to conduct a comprehensive Utility Revenue Sufficiency Analysis (RSA) for its Water, Sewer, and Irrigation Utility Systems (Utility). This report describes in detail the assumptions, procedures and results, as well as the conclusions and recommendations of the RSA.

BACKGROUND & OBJECTIVES The Utility historically has had Stantec perform an annual independent review of the sufficiency of the revenue provided by its current rates to meet all current and projected financial requirements over a multi-year projections period, including operating expenses, capital costs, and debt service requirements.

City staff has developed a three-year projection of its operating cost requirements as part of the FY 2019 budget development process and developed an updated multi-year capital improvement program (CIP). Additionally, in 2016 the City updated its UEP Master Plan which modified the parameters of the Base UEP and in 2018 further updated projected costs and timing of construction, initial service dates for certain areas, and financing terms for the transmission infrastructure in North Areas 1 & 2. As such, the City has again engaged Stantec to perform an updated RSA based upon current data and assumptions in order to evaluate the adequacy of the revenue provided by its current rates to meet its current and projected cost requirements.

1 Stantec acquired Burton & Associates and Hawksley Consulting in 2016.

2. Base Data & Assumptions


2.0 BASE DATA & ASSUMPTIONS

The RSA identified the level of annual water, sewer, and irrigation rate revenue (and, therefore, rate adjustments) required over a near-term planning period (FY 2019 – FY 2023) and long-term projection period (FY 2019 – FY 2028) to meet all of the Utility’s updated financial requirements, including current data, assumptions, and parameters of the Base UEP (i.e. water, sewer, and irrigation services in the Southwest Areas 6/7 and North Areas 1 & 2). This section of the Report describes the base data and assumptions utilized during development of the RSA.

BASE DATA The RSA was performed using both historical and projected information. Historical financial information for FY 2017 was provided by City staff to establish the beginning FY 2018 balances for each of the various funds for the Utility. It is important to note that funds reserved or encumbered for specific capital projects were included in the beginning fund balances and restricted for capital, while the associated capital project costs were included in the CIP.

The revenue utilized in the RSA consists of retail rate revenue, interest earnings, system development charges and betterment fee revenue, and other minor revenue from miscellaneous service charges. Future rate revenue is based upon forecasted FY 2018 results2 adjusted annually to reflect additional revenue from assumed rate increases and customer growth. All other future projections of non-rate revenues were based upon the amounts identified in the FY 2018 Approved Budget and FY 2019 thru FY 2021 Proposed Budgets, excluding water and sewer impact and betterment fee revenue3 and interest earnings4.

The operating expenditure requirements (inclusive of all operating and maintenance (O&M) expenses, debt service requirements, inter-fund transfers, and minor capital outlay requirements) for FY 2019 thru FY 2021 reflects the information provided by City staff prepared as part of the FY 2019 budget development process. Each year thereafter, operating expenditure requirements equal to prior year projections adjusted for assumed cost escalation factors. Annual debt service requirements are per the repayment amortization schedules of each outstanding debt issuance.

2 Reflects straight line extrapolation from 6 months of unaudited actual results plus the addition of new UEP ERU’s paying fixed charges and paying usage charges of approximately 4,000 gallons per month.

3 Calculated annually based upon the projected number of new connections and current fees.

4 Calculated annually based upon projected average fund balances and assumed interest rates.



The capital program utilized in the RSA was provided by City staff and is presented in project-level detail by year on Schedule 4 in the Appendix.

ASSUMPTIONS Key assumptions and parameters utilized in the RSA are as follows:

2.2.1 Adjustments to Expenditures

Two adjustments were made to the projections of future expenditures described in the preceding sub-section. All adjustments extend through the remainder of the projection period (unless otherwise noted) and are adjusted annually based upon assumed cost escalation factors. These adjustments include:

o Additional Equipment – A one-time increase to $766,389 in FY 2019 and excluded in future years of the projection period, and

o Incremental O&M for the purchase of 6 million gallons per day (MGD) of reclaimed water from the City of Fort Myers: $1,900,000 beginning in FY 2023

2.2.2 Cost Escalation & Spending Assumptions

Annual cost escalation factors for the various types of O&M expenses were discussed with City staff and applied in each year of the projection period beginning in FY 2022. These specific factors are presented on Schedule 2 included in the Appendix of this Report and are based upon City staff and management input, recent history, industry trends, and current known and measurable factors/circumstances.

Additionally, we analyzed historical O&M spending versus budget each year since FY 2010. Based upon this analysis, as well as discussions with City staff, the following spending execution rates were assumed in each year of the forecast:

o Personal Services: 91% of Budget/projections in FY 2018, 93% for the remainder of the forecast,

o Variable O&M: 75% of Budget/projections in FY 2018, 80% for the remainder of the forecast,

o Fixed O&M: 80% of Budget/projections in FY 2018, 85% for the remainder of the forecast, and

o Minor Capital Outlay: 100% of Budget/projections and throughout the remainder of the forecast

2.2.3 Growth

Forecasted new water, sewer, and irrigation connections were based upon a review of 10 years of historical data and discussions with City staff. This RSA reflects future annual growth rates in ERUs



(excluding UEP ERUs) of about 2.11% annually from FY 2019 – FY 2028. The specific annual growth assumed in the RSA is presented on Schedule 1 of Appendix A of this Report. The annual growth in the irrigation system is assumed to equal 80% of the growth in the water system, while City staff provided separate growth schedules for the additional connections resulting from the UEP in the North 1 and North 2 areas which are included in this analysis.

2.2.4 Base UEP Parameters

The parameters of the Base UEP, as well as potential future UEP areas, are reflected in the RSA as presented on Schedules 12 in the Appendix of this Report. The following summarizes the key assumptions:

o Water, sewer, and irrigation services will begin in FY 2020 for the North 2 area and in FY 2023 for the North 1 area.

o Capital Facility Expansion Charges (CFEC’s) will be imposed on all properties for costs associated with the construction and expansion of the City’s water and sewer facilities, as well as for the capacity reserved in such facilities.

o Property owners that pre-pay their CFEC will receive a 20% discount, and it is assumed that 13% of properties in the Base UEP will prepay their CFEC.

o For property owners that do not elect to pre-pay the CFEC, it will be collected over a term of 6 years at an annual interest rate of 3% (before 1% coverage factor).

o 5% non-collection is assumed for property owners who choose to finance their CFEC (based upon City staff review of the current utility special assessment collection rate in existing UEP areas)5.

2.2.5 Interest Income

Annual interest income was calculated based upon average projected fund balances and assumed earning rates on invested funds of 0.5% in FY 2018 and FY 2019, 0.75% in FY 2020, 1% in FY 2021 and each year thereafter.

2.2.6 Impact Fees

Impact fee revenues are calculated annually based upon the projection of equivalent residential units added to the water, sewer, and irrigation systems and the appropriate impact fee. It is assumed that 100% of projected new connections will pay impact fees.

5 The non-collection assumption was applied equally to the improved and unimproved properties in each Base UEP area, as no distinction of improved versus unimproved non-collection was required for the RSA.



As discussed with City Finance staff, impact fee revenues are first used to pay for eligible expansion related projects identified by staff in the CIP and then for expansion related annual debt service as available to maximize the use of available balances. The amount of expansion related annual debt service for existing debt eligible to be paid for by impact fees by the utility system in each year is provided in Schedules 15 and 16 of Appendix A.

2.2.7 Capital Improvement Program

The Utility’s multi-year CIP was provided by City staff through FY 2023, in project-level detail. For the remaining years of the projection period, unspecified future capital improvement cost allowances were included to provide a reasonable level of annual spending consistent with City staff’s expectations for future capital requirements. City staff also confirmed the capital cost estimates associated with the North 1 & 2 UEP areas. The UEP CIP and other UEP data provided by City staff is presented on Schedules 12 through 14 in the Appendix of this Report.

2.2.8 Pending Financings

This RSA includes a financing plan for the UEP that includes an interim financing bank loan for the transmission related expenses of the North 2 area of the UEP that will be paid off and refinanced with an SRF loan as such funds are available. Based upon the City’s discussions with the Florida Department of Environmental Protection, the annual availability of future SRF loans in the magnitude requested by the City for the North 1 UEP areas may not be available. As such, the RSA also includes a long-term loan or bond to provide funding for the transmission related expenses of the North 1 area of the UEP. SRF loans are the City’s preferred method of financing for the UEP and will be utilized to the extent that they are available.

The RSA reflects an estimated $89.3 million in SRF loan proceeds anticipated to provide the funding for the transmission related expenses of the North 2 Area of the Base UEP. It is assumed that all SRF loans will reflect a 20-year repayment term that begins upon completion of construction, currently estimated to be FY 2019. As such, the RSA reflects estimated annual SRF debt service of approximately $5.5 million for the North 2 Area starting in FY 2020.

It is estimated that the City will issue $33.3 million in new senior lien debt to fund the transmission related expenses in the North 1 Area of the Base UEP. It is assumed that the bond will be amortized over 30 years and includes issuance costs and one-year of debt service reserve. As such, the RSA reflects estimated annual debt service of approximately $2.4 million beginning in FY 2023.

2.2.9 Future Borrowing Assumptions

Beyond what has been described herein for the financing of the North 1 and North 2 UEP areas, no additional future borrowing requirements are assumed during projection period to fund the remainder of the Utility’s CIP.



2.2.10 Debt Service and Coverage

The debt service coverage tests required by the Utility’s outstanding bond/loan covenants are:

o Rate Covenant – Net income must be at least 1.00 times annual debt service AND net income plus impact fees must be at least 1.20 times annual debt service.

o SRF Coverage – Net income less senior lien debt service including coverage must be at least 1.15 times annual SRF debt service.

These coverage requirements are minimum requirements. To the extent that a utility is unable to meet these requirements (as the City did in FY 2008), it could be found in technical default and would potentially have its credit rating downgraded, which would affect the interest rates and terms of future financing initiatives. As a policy decision, utilities often measure revenue sufficiency and set rates based upon a higher coverage level to ensure compliance with these covenants in the event future projections of revenue and expenses do not occur as predicted. As such, the RSA reflects a minimum target senior lien debt service coverage ratio of 1.25 with a long-term goal of 1.50.

2.2.11 Minimum Operating Reserve

Utilities typically establish a target reserve balance for unrestricted reserves to provide the ability to withstand cash-flow fluctuations. There can be a significant length of time between when a system provides a service and when a customer may pay for that service. In addition to timing, cash flow for utilities can be substantially affected by weather and seasonal demand patterns.

The minimum target balance for unrestricted reserves is equal to 6 months of annual O&M expenses. Absent a detailed multi-year historical study of monthly cash flows and an analysis of the aging of accounts receivable, there are various industry guidelines and practices available to determine an appropriate target reserve. The 6 months target is consistent with our industry experience, in which water and sewer utilities generally target minimum reserves in the range of 2 to 6 months of O&M expenses, as well as published guidance from the municipal ratings agencies relative to reasonable reserves levels for municipal utility systems.

3. Results


3.0 RESULTS

This RSA identified the level of annual water, sewer, and irrigation rate revenue (and rate adjustments) required to meet all the Utility’s updated financial requirements and parameters of the Base UEP as presented herein. The FAMS-XL © Control Panel below presents a summary of the financial management plan for this RSA with the Base UEP, including key assumptions, debt service coverage levels, operating reserves, capital spending, and borrowing requirements as compared to the 2017 RSA. The Utility is still able to avoid the issuance of new senior lien debt except for funding the UEP and produce reserves above minimum levels without any near-term rate adjustments.

FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 20280.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%1.51 1.32 1.46 1.53 1.55 1.48 1.53 1.56 1.58 1.61 1.63 PS FY19 ► 93.0%1.24 1.25 1.37 1.42 1.34 1.37 1.39 1.40 1.41 1.41 0.00 OMV FY19 ► 80.0%10.38 5.55 1.55 2.09 2.05 2.17 2.44 2.66 2.82 2.94 3.05 OMF FY19 ► 85.0%4.37 2.54 1.53 1.62 1.60 1.77 1.81 2.00 2.05 2.09 0.00 SW 6/7 Y

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 North 1 Y80% 85% 90% 95% 95% 100% 100% 100% 100% 100% 100% North 2 Y80% 85% 90% 95% 95% 100% 100% 100% 100% 100% 100% North 3 N

6 6 6 6 6 6 6 6 6 6 6 North 4 N

Water $36.82 $36.82 36.82 36.82 36.82 36.82 36.82 36.82 36.82 36.82 36.82 36.82 North 5 NIrrigation $9.50 $9.50 9.50 9.50 9.50 9.50 9.50 9.50 9.50 9.50 9.50 9.50 North 6 N

Sewer $66.27 $66.27 66.27 66.27 66.27 66.27 66.27 66.27 66.27 66.27 66.27 66.27 North 7 NAverage Bill (5,000 gals.) $112.59 112.59 112.59 112.59 112.59 112.59 112.59 112.59 112.59 112.59 112.59 North 8 N

$112.59 112.59 112.59 112.59 112.59 112.59 112.59 112.59 112.59 112.59 0.00 Check -$ Last Plan

CIP Execution % (NON UEP ONLY)►

Last Plan

Operating Reserve Mo ►

Rate Covenant

SRF Coverage

CIP $ Redistribution ►

Net CIP Funding % ►

FINANCIAL ANALYSIS AND MANAGEMENT SYSTEM (FAMS) SUMMARY

Water Rate Increases

Last Plan

Cumulative Change

Last Plan

Last Plan

Sewer Rate Increases

0

50

100

150

18 19 20 21 22 23 24 25 26 27 28

Mill

ions

($)

Revenue Vs. Expenses Cash In Cash Out Cash Out Excl. CIP

020406080

100120

18 19 20 21 22 23 24 25 26 27 28

Mill

ions

($)

Capital Spending Current Plan Last Plan

0

20

40

60

80

18 19 20 21 22 23 24 25 26 27 28

Mill

ions

($)

Long Term Borrowing Current Plan Last Plan

SAVE CALC

0

20

40

60

80

18 19 20 21 22 23 24 25 26 27 28

Mill

ions

($)

CIP Funding Debt Operating Capital Funds Impact Fees

0

20

40

60

80

17 18 19 20 21 22 23 24 25 26 27 28

Mill

ions

($)

Operating Fund Current Plan Last Plan Target

ROLL

0

20

40

60

80

18 19 20 21 22 23 24 25 26 27 28

Mill

ions

($)

SRF Borrowing Last Plan Current Plan

Blue Bars = FY 2018 Study Results – With Base UEP Green Bars = FY 2017 Study Results – With Base UEP

4. Conclusions & Recommendations


4.0 CONCLUSIONS & RECOMMENDATIONS

Stantec’s final conclusions and recommendations upon completion of the FY 2018 RSA are as follows:

CONCLUSIONS Based upon the analysis presented herein and the results presented in the prior subsection, we have reached the following conclusions:

o The Utility can satisfy its projected expenditure requirements and achieve targeted reserve and debt service coverage levels in FY 2019 without rate revenue adjustments.

o The Base UEP as presented herein results in no rate adjustments during the 10-year projection period and provides funds that could be used to reduce or pay-down debt in the future.

o The rate adjustment conclusions presented herein are predicated upon the Base UEP and would need to be recalibrated if the Base UEP was discontinued or its parameters were substantially different from those presented herein and assumes the use of water, sewer, and irrigation CFECs (impact fees) first for eligible projects and secondly for expansion related debt service.

RECOMMENDATIONS Based upon the analysis presented herein and the conclusions presented in the prior subsection, we recommend the following:

o The City should maintain its existing water, sewer, and irrigation rates for FY 2019.

o The City should utilize available CFEC and CIAC balances on eligible projects and annual CFEC revenues to pay for expansion related debt service as available.

o The Utility should continue to perform annual revenue sufficiency updates so that additional or revised information regarding the timing and cost of significant capital projects, customer growth, water demands, revenue, and O&M expenses may be incorporated into the determination of rate increases that would be necessary to allow the Utility to meet its financial requirements. Advanced planning will play a prominent role in avoiding significant future rate impacts to the Utility’s customers resulting from these variables occurring differently than currently projected.

Appendix: Supporting Schedules


APPENDIX A: SUPPORTING SCHEDULES

Schedule 1 Assumptions

Schedule 2 Cost Escalation Factors

Schedule 3 Beginning Balances

Schedule 4 Capital Improvement Program

Schedule 5 Projected Cash Inflows FY 2017 – FY 2027

Schedule 6 Projected Cash Outflows FY 2017 – FY 2027

Schedule 7 FAMS-XL © Control Panel

Schedule 8 Pro Forma and Projected Operating Results

Schedule 9 Capital Projects Funding Summary

Schedule 10 Utility Long-Term Borrowing (Excluding UEP)

Schedule 11 Funding Summary by Fund

Schedule 12 UEP ERU Assumptions

Schedule 13 UEP Transmission Portion of Capital Costs

Schedule 14 UEP CFEC Revenue

Schedule 15 Allocation of Debt Service by System

Schedule 16 Summary of Debt Service Allocated to Expansion

Schedule 1: Assumptions Appendix A: Supporting Schedules


FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Annual Growth:

Water:Equivalent Residential Units (ERUs) 69,154 70,632 74,291 76,660 78,393 82,025 84,590 86,615 88,711 90,884 93,143Growth in ERUs 1,655 1,383 1,413 1,486 1,533 1,568 1,640 1,692 1,732 1,774 1,818New ERUs from UEP 0 95 2,246 883 200 2,064 926 333 364 399 441

Percent Increase in ERUs 2.45% 2.14% 5.18% 3.19% 2.26% 4.63% 3.13% 2.39% 2.42% 2.45% 2.49%Percent Increase in Water Use 2.45% 2.14% 5.18% 3.19% 2.26% 4.63% 3.13% 2.39% 2.42% 2.45% 2.49%

Irrigation:Equivalent Residential Units (ERUs) 50,485 51,686 55,361 57,533 58,959 62,524 64,844 66,531 68,281 70,099 71,994Growth in ERUs (80% of Water ERU Growth) 1,754 1,106 1,130 1,189 1,226 1,254 1,312 1,354 1,386 1,419 1,454New ERUs from UEP 0 95 2,545 983 200 2,311 1,008 333 364 399 441

Percent Increase in ERUs 3.60% 2.38% 7.11% 3.92% 2.48% 6.05% 3.71% 2.60% 2.63% 2.66% 2.70%Percent Increase in Irrigat ion Use 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Sewer:Equivalent Residential Units (ERUs) 68,464 69,942 73,860 76,316 78,049 81,917 84,562 86,587 88,683 90,856 93,115Growth in ERUs (100% of Water ERU Growth) 1,792 1,383 1,413 1,486 1,533 1,568 1,640 1,692 1,732 1,774 1,818New ERUs from UEP 0 95 2,506 970 200 2,301 1,005 333 364 399 441

Percent Increase in ERUs 2.69% 2.16% 5.60% 3.32% 2.27% 4.96% 3.23% 2.39% 2.42% 2.45% 2.49%Percent Increase in Sewer Use 2.69% 2.16% 5.60% 3.32% 2.27% 4.96% 3.23% 2.39% 2.42% 2.45% 2.49%

Capital Spending:Annual Capital Budget (Future Year Dollars) $95,575,946 $71,731,865 $40,410,226 $44,612,481 $45,671,713 $17,719,200 $28,275,000 $29,000,000 $29,725,000 $30,450,000 $31,225,000Annual Percent Executed 80% 85% 90% 95% 95% 100% 100% 100% 100% 100% 100%

Impact Fees:Water $1,320 $1,320 $1,320 $1,320 $1,320 $1,320 $1,320 $1,320 $1,320 $1,320 $1,320Sewer $3,112 $3,112 $3,112 $3,112 $3,112 $3,112 $3,112 $3,112 $3,112 $3,112 $3,112Irrigation Water $2,318 $2,318 $2,318 $2,318 $2,318 $2,318 $2,318 $2,318 $2,318 $2,318 $2,318

Average Annual Interest Earnings Rate:On Fund Balances: 0.50% 0.50% 0.75% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%

Operating Budget Reserve:Target (Number of Months of Reserve) 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0

Operating Budget Execution Percentage:Personal Services 91% 93% 93% 93% 93% 93% 93% 93% 93% 93% 93%Variable Operations and Maintenance 75% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80%Fixed Operations and Maintenance 80% 85% 85% 85% 85% 85% 85% 85% 85% 85% 85%Minor Capital Outlay 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

Schedule 2: Cost Escalation Factors Appendix A: Supporting Schedules


Operating Expense Category FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028

Accounting & Auditing 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Advertising 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Appraisal & Title Search 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Annual Tax Billed Interest 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Asmt Refund (Finance Only) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Assmt, Betterment, Impact 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Auto Allowance 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Bank Fees 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Bank investment income 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Books Pubs Subscrpt & Membrshp 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Building Improvement 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Building Maintenance 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Building Rental/Leases 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Buildings 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Capital Facility Expan Charge 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Capital Outlay Asset Donation 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Capital Outlay Contra Expense 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Chemicals 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Clearing Account 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Collection Costs 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Communication Serv ice 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Computer Equip/Accessory 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Computer Software Intangible 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Computer Software/License 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Construct/Debris Clean-Up 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Contra Operating 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Contra Personnel 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Contract Employees Salary/Wage 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Copy & Fax Machine Rent/Lease 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Credit Card Fees 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Depreciation 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Diesel Fuel 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Discounts Taken/Lost 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Dyed Diesel Fuel 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Electric 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Employee Health Clinic Charges 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Equip Repair/Maintenance 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Equipment 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Equipment Rental/Leases 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Facilities Charges 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Facilities Charges Overhead 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%FICA Taxes 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Fleet Charges 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Fleet Charges Overhead 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Food And Mileage (City) 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Foreclosure Costs 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%General Pension Exp - GASB 68 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Gain/Loss - Fixed Assets 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%General Retirement 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%ICMA (401A) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Improvements Other Than Bldgs 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%In-House Training 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Insur Damage Claims Misc Rev 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Insurance 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Interfund Serv ice Payment 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Interfund Svc Pymt General Fd 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Interfund Svc Pymt Prop/Liab 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Interfund SvcPymt Water/Sewer 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Inventory Adjustment 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Janitorial Supplies 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Lab Serv ices 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Land 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Leave Payout 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%Legal Serv ices 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Life,Health,Disability Insur 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%Longevity Salary -2.00% -2.00% -2.00% -2.00% -2.00% -2.00% -2.00%Lot Mow / Impact - City 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Lump Sum Award Spec Pay 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Medicare Taxes 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Schedule 2: Cost Escalation Factors Appendix A: Supporting Schedules


Operating Expense Category FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028

Meter Rental Fee 2.05% 2.05% 2.05% 2.05% 2.05% 2.05% 2.05%Office Supplies 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Oil & Grease 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Operating Supplies 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Opt Out Health Ins Subsidy 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Other Infrastructure 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Other Operating Mat & Supplies 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Other Professional Serv ices 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Other Refunds 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Other Rentals/Leases 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Other Repairs & Maint. 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Othr Post Employ Benefit(OPEB) 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Outside Serv ices 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%Overtime 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Overtime (BU Split JE) 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Parking Lot Maintenance 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Parts Repair/Maintenance 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Penalties/Late Charges 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Photo & Microfilm 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Postage & Shipping 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Printing 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Propane Fuel 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Property Taxes 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Public Relations 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Recruitment Travel 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Regular Salary 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Regular Salary (BU Split JE) 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Reimbursable Charges 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Relocation Costs Spec Pay 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Roads Curbs Maintenance 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Safety Equipment 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Security Serv ices 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Self-Insured Health Plan 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%Settlements 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Shift Differential Pay 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Sidewalk Maintenance 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Small Equipment 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Sod, Seed, Sand And Soil 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Special Pay/Add Pay 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Standby Pay 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Standby Pay (BU Split) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Stormwater 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Studies & Master Plans 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Tax Collector Collection Costs 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Tax Collector Discounts 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Telecommunication Serv ice 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Telephone Serv ice 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Tires 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Tool Allowance Spec Pay 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Tools 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Traffic Light Maintenance 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Training & Seminars 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Trash Removal 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Travel Costs 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Tuition Reimbursement Spec Pay 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%UAAL General Retirement 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%UCM Tax billed penalty 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Uncollectable Accts Expns 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Uncollectible Adjustment 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Unemployment 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Uniforms 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Uniforms/Linen/Mats Rent/Lease 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Unleaded Fuel 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Utility Relocation 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Utility System Maintenance 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Various Fees 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Vehicles 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Water & Sewer 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Workers Compensation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Default Inflation Factor 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

Schedule 3: FY 2017 Beginning Fund Balances Appendix A: Supporting Schedules


Stantec Grouping of Funds in Model

CURRENT UNRESTRICTED ASSETSCash and Cash Equivalents 20,833,623$ -$ -$ -$ -$ -$ -$ -$ -$ Investments - - - - - - - - - Interest Receivable 51,208 - - - - - - - - Accounts Receivable, net of allowance for uncollectibles 9,248,074 - - - - - - - - Due from other funds - - - - - - - - - Intergovernmental receivables - - - - - - - - - Inventories 1,706,719 - - - - - - - - Prepaid Items 4,058 - - - - - - - - Restricted Cash - - - - - - - - -

Interest receivable 219,134 - - - - - - - - Intergovernmental receivable 1,330,044 - - - - - - - - Assessment Receivable, Net - - - - - - - - - Intercompany Restricted 2,429,941 5,232,165 6,935,821 659,728 6,059,663 8,288,315 26,875,229 5,728,514 23,196,016

Restricted for R&R, Gravity Sewer & Membrane Reserves - - - - 5,990,833 - - - - TOTAL CURRENT ASSETS 35,822,800$ 5,232,165$ 6,935,821$ 659,728$ 12,050,496$ 8,288,315$ 26,875,229$ 5,728,514$ 23,196,016$

Less: Inventories at Cost (1,706,719) - - - - - - - - Less: Accounts Payable and other Accrued Liabilities (1,869,155) - - - - - (81,162) - (975,664) Less: Intergovernmental Payable (10,615) - - - - - - - (329,909) Less: Accrued Liabilities / retainage - - - - - - - - - Less: Overpayments, etc. - - - - - - - - - Less: Accrued Payroll (361,892) - - - - - - - - Less: Compensated Absences (280,742) - - - - - - - - Less: Interest Payable (19,409) - - - - - - - - Less: Loans From Other Funds - - - - - - - - - Less: Unearned Revenue (360) - - - - - (3,080,607) (940,986) - Less: Revenue Bonds - - - - - - - - - Less: Notes (41,506) - - - (137,911) - - - - Less: Special Assessment Debt - - - - - - - - - Less: Net Restricted Assets Available For CL - - - - - - - - - Less: R&R, Gravity & Membrance Reserve - - - - - - - - - Less: Customer Deposits (2,614,111) - - - - - - - -

NET UNRESTRICTED FUND BALANCE 28,918,291$ 5,232,165$ 6,935,821$ 659,728$ 11,912,586$ 8,288,315$ 23,713,460$ 4,787,528$ 21,890,443$ Plus/(Less): Cash Adjustment - - - - - - - - - Plus/(Less): Net Restricted Assets Available For Current Liabilities 1 (7,900,000) - - - - - - - -

NET UNRESTRICTED FUND BALANCE 21,018,291$ 5,232,165$ 6,935,821$ 659,728$ 11,912,586$ 8,288,315$ 23,713,460$ 4,787,528$ 21,890,443$

Fund SummaryWater Impact Fees 8,288,315$ Sewer Impact Fees 23,713,460$ Irrigation Impact Fees 4,787,528$ Water Betterment Fees 5,232,165$ Sewer Betterment Fees 6,935,821$ Irrigation Betterment Fees 659,728$ Capital Improvement Fund 21,890,443$ SRF Loan Proceeds -$ Revenue Fund 21,018,291$ Restricted Reserves 11,912,586$

Total Consolidated Fund Balance 104,438,336$

1) Reflects an adjustment to accounts receiveable for loan for assessment portion of N2 to be paid back at a future date and therefore removed from determination of unrestricted fund balance.

Sewer Impact Irrigation Impact Fees

Capital Improvement

FundRevenue Fund

Water Betterment

Fees

Sewer Betterment

Fees

Irrigation Betterment

Fees

Restricted Reserves Water Impact

Schedule 4: Capital Improvement Program Appendix A: Supporting Schedules


Project Description FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028

ADM-36 Palm Tree Bl Phase 1 1,985,043$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ IRR-14 SW 6/7 Non Assd Util 334,272 - - - - - - - - - - UCD-1 Administration Building 755,394 2,000,000 5,000,000 500,000 - - - - - - - ADM-47 Forcemain I/C Veterans 100,000 100,000 - - - - - - - - - IRR-15 Weir#29 Construction 1,020,439 - - - - - - - - - - IRR-16 Weir# 16 & 17 Const 616,758 - - - - - - - - - - IRR-17 Reuse River Crossing 1,784,039 - - 4,000,000 9,000,000 - - - - - - IRR-18 Reuse Main Ext (FGUA) 9,500,000 - - - - - - - - - - WRC-8 Plant LS Rehabs FY13 48,105 - - - - - - - - - - WRE-4 Plant LS Rehab FY13 129,829 - - - - - - - - - - UCD-11 Meter Replacement Prog 500,000 500,000 500,000 500,000 500,000 500,000 - - - - - WRSW-4 Operations Building 6,229,676 - - - - - - - - - - SRO-5 Retrofit Well Field Com 37,571 - - - - - - - - - - SRO-6 Control System Upgrade 901,978 500,000 - - - - - - - - - SRO-7 Underground Well Feeds 170,876 - - - - - - - - - - SRO-8 Deep Injection Well# IW2 518,590 - - - - - - - - - - UCD-12 Road Resurfacing Adj - 707,875 500,000 500,000 500,000 500,000 - - - - - SRO-10 Lightning & Grounding 83,357 - - - - - - - - - - NRO-5 Deep Injection Well IW1 76,875 - 3,500,000 5,000,000 - - - - - - - NRO-6 Perimeter Wall 837,854 - 1,000,000 - - - - - - - - NRO-7 Landscaping 300,000 - - - - - - - - - - NRO-8 Aux Power Van Loon PS 207,497 - - - - - - - - - - NRO-9 Distribtn Sys Automate 370,000 390,000 250,000 250,000 250,000 - - - - - - NRO-10 Rehab/Rpl Raw Wtr Well 815,678 800,000 1,600,000 1,600,000 1,600,000 1,600,000 - - - - - WRC-11 Lift Station Rehab FY14 21,768 - - - - - - - - - - WRC-12 Lift Station Rehab FY16 1,318,000 - - - - - - - - - - WRC-13 Lift Station Rehab FY17 1,790,352 - - - - - - - - - - ADM-43 42" Forcemain Intercon 608,206 - - - - - - - - - - ADM-44 Unspecified Projects 86,691 - - - - - - - - - - ADM-46 Palm Tree Phase III 370,000 2,000,000 - - - - - - - - - SRO-3 Odor Control Mod 1,059,953 - - - - - - - - - - NRO-1 Bulk Diesel Storage Mod 246,389 - - - - - - - - - - ADM-24 Land Purchases 2,895,527 365,000 715,000 615,000 590,000 - - - - - - WRSW-1 Chlorine Chamber Coatg 107,283 - - - - - - - - - - IRR-1 Weir Improvements 1,087,225 500,000 1,500,000 - 1,500,000 - - - - - - WRC-1 Lift Station Rehab FY18 2,000,000 - - - - - - - - - - IRR-2 NE 10MG Stor Tank & Pump 556,971 500,000 5,450,000 4,950,000 - - - - - - - IRR-3 SW 5MG Stor Tank & Pump 2,212,773 5,669,167 3,869,167 - - - - - - - - WRC-5 LS Odor Control Rehab 289,000 75,000 75,000 75,000 - - - - - - - ADM-1 Smoke Testing I&I 77,702 100,000 100,000 100,000 100,000 100,000 - - - - - WRC-6 Maint Bldg-Gen Storage - 1,157,500 - - - - - - - - - ADM-5 Galvanized Pipe Rpl 2A 833,618 - - - - - - - - - - ADM-6 Galvanized Pipe Rpl 2B 1,350,000 - - - - - - - - - - WRC-2 Lift Station Rehab FY19 - 2,000,000 - - - - - - - - - WRC-3 Lift Station Rehab FY20 - - 2,000,000 - - - - - - - - WRC-4 Lift Station Rehab FY21 - - - 2,000,000 - - - - - - - ADM-7 Fire Sprinkler Conv FY15 316,707 - - - - - - - - - - ADM-8 Fire Sprinkler Conv FY16 500,000 - - - - - - - - - - ADM-10 Fire Sprnkler ConvFY18 500,000 - - - - - - - - - - ADM-11 Fire Sprnkler ConvFY19 - 1,000,000 - - - - - - - - - ADM-12 Potable Wtr Infr FY15 203 - - - - - - - - - - ADM-15 Potable Wtr Infr FY18 778,254 - - - - - - - - - - ADM-16 Potable Wtr Infr FY19 - 300,000 - - - - - - - - - ADM-17 Potable Wtr Infr FY20 - - 300,000 - - - - - - - - UCD-4 Manhole Rehab FY18 202,097 - - - - - - - - - - UCD-5 Manhole Rehab FY19 - 500,000 - - - - - - - - -

UCD-6 Manhole Rehab FY20 - - 500,000 - - - - - - - - ADM-54 Burnt St Widg-Casings 392,427 - - - - - - - - - - ADM-20 Infiltrn & Inflow FY17 162,582 - - - - - - - - - - ADM-21 Infiltrn & Inflow FY18 750,000 - - - - - - - - - - ADM-22 Infiltrn & Inflow FY19 - 850,000 - - - - - - - - - ADM-23 Infiltrn & Inflow FY20 - - 850,000 - - - - - - - -




ADM-36 Palm Tree Bl Phase 1 1,985,043$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ IRR-14 SW 6/7 Non Assd Util 334,272 - - - - - - - - - - UCD-1 Administration Building 755,394 2,000,000 5,000,000 500,000 - - - - - - - ADM-47 Forcemain I/C Veterans 100,000 100,000 - - - - - - - - - IRR-15 Weir#29 Construction 1,020,439 - - - - - - - - - - IRR-16 Weir# 16 & 17 Const 616,758 - - - - - - - - - - IRR-17 Reuse River Crossing 1,784,039 - - 4,000,000 9,000,000 - - - - - - IRR-18 Reuse Main Ext (FGUA) 9,500,000 - - - - - - - - - - WRC-8 Plant LS Rehabs FY13 48,105 - - - - - - - - - - WRE-4 Plant LS Rehab FY13 129,829 - - - - - - - - - - UCD-11 Meter Replacement Prog 500,000 500,000 500,000 500,000 500,000 500,000 - - - - - WRSW-4 Operations Building 6,229,676 - - - - - - - - - - SRO-5 Retrofit Well Field Com 37,571 - - - - - - - - - - SRO-6 Control System Upgrade 901,978 500,000 - - - - - - - - - SRO-7 Underground Well Feeds 170,876 - - - - - - - - - - SRO-8 Deep Injection Well# IW2 518,590 - - - - - - - - - - UCD-12 Road Resurfacing Adj - 707,875 500,000 500,000 500,000 500,000 - - - - - SRO-10 Lightning & Grounding 83,357 - - - - - - - - - - NRO-5 Deep Injection Well IW1 76,875 - 3,500,000 5,000,000 - - - - - - - NRO-6 Perimeter Wall 837,854 - 1,000,000 - - - - - - - - NRO-7 Landscaping 300,000 - - - - - - - - - - NRO-8 Aux Power Van Loon PS 207,497 - - - - - - - - - - NRO-9 Distribtn Sys Automate 370,000 390,000 250,000 250,000 250,000 - - - - - - NRO-10 Rehab/Rpl Raw Wtr Well 815,678 800,000 1,600,000 1,600,000 1,600,000 1,600,000 - - - - - WRC-11 Lift Station Rehab FY14 21,768 - - - - - - - - - - WRC-12 Lift Station Rehab FY16 1,318,000 - - - - - - - - - - WRC-13 Lift Station Rehab FY17 1,790,352 - - - - - - - - - - ADM-43 42" Forcemain Intercon 608,206 - - - - - - - - - - ADM-44 Unspecified Projects 86,691 - - - - - - - - - - ADM-46 Palm Tree Phase III 370,000 2,000,000 - - - - - - - - - SRO-3 Odor Control Mod 1,059,953 - - - - - - - - - - NRO-1 Bulk Diesel Storage Mod 246,389 - - - - - - - - - - ADM-24 Land Purchases 2,895,527 365,000 715,000 615,000 590,000 - - - - - - WRSW-1 Chlorine Chamber Coatg 107,283 - - - - - - - - - - IRR-1 Weir Improvements 1,087,225 500,000 1,500,000 - 1,500,000 - - - - - - WRC-1 Lift Station Rehab FY18 2,000,000 - - - - - - - - - - IRR-2 NE 10MG Stor Tank & Pump 556,971 500,000 5,450,000 4,950,000 - - - - - - - IRR-3 SW 5MG Stor Tank & Pump 2,212,773 5,669,167 3,869,167 - - - - - - - - WRC-5 LS Odor Control Rehab 289,000 75,000 75,000 75,000 - - - - - - - ADM-1 Smoke Testing I&I 77,702 100,000 100,000 100,000 100,000 100,000 - - - - - WRC-6 Maint Bldg-Gen Storage - 1,157,500 - - - - - - - - - ADM-5 Galvanized Pipe Rpl 2A 833,618 - - - - - - - - - - ADM-6 Galvanized Pipe Rpl 2B 1,350,000 - - - - - - - - - - WRC-2 Lift Station Rehab FY19 - 2,000,000 - - - - - - - - - WRC-3 Lift Station Rehab FY20 - - 2,000,000 - - - - - - - - WRC-4 Lift Station Rehab FY21 - - - 2,000,000 - - - - - - - ADM-7 Fire Sprinkler Conv FY15 316,707 - - - - - - - - - - ADM-8 Fire Sprinkler Conv FY16 500,000 - - - - - - - - - - ADM-10 Fire Sprnkler ConvFY18 500,000 - - - - - - - - - - ADM-11 Fire Sprnkler ConvFY19 - 1,000,000 - - - - - - - - -




SRO-2 Plt 2 Bldg Replacement - - 200,000 - 50,000 - - - - - - NRO-3 Reconst Van Loon PS Bldg - - - - - 750,000 - - - - - ADM-27 ASR/IRR Supply FY17 289,510 - - - - - - - - - - ADM-30 ASR/IRR Supply FY20 - - 100,000 - - - - - - - - ADM-31 Irr to PW (F/H) FY16 500,000 - - - - - - - - - - IRR-8 Reuse Sys Improve FY16 134,254 - - - - - - - - - - IRR-9 Reuse Sys Improve FY17 350,000 - - - - - - - - - - IRR-10 Reuse Sys Improve FY18 360,000 640,000 - - - - - - - - - IRR-11 Reuse Sys Improve FY19 - 350,000 - - - - - - - - - ADM-50 Palm Tree Imp Phse II - - - - 2,400,000 - - - - - - IRR-12 Reuse Sys Improve FY20 - - 350,000 - - - - - - - - WRC-7 Rehab Master LS 200 1,325,206 - - - - - - - - - - WRE/WRSW-2 Clarifier Ctng FY16 18,298 60,000 - - - - - - - - - ADM-56 NE Reservoir 2,264,027 - 2,000,000 2,000,000 - - - - - - - ADM-57 NC Reservoir 600,000 - - - - - - - - - - SRO-12 Containment Pits 300,000 - - - - - - - - - - NRO-2 Containment Pits 350,000 - - - - - - - - - - SRO-13 Pit 2 MCC Replacement 1,315,955 184,957 - - - - - - - - - WRE-7 Headworks & Structl Ctg 251,458 - - - - - - - - - - WRE-9 Bleach Containment Ctg 250,000 - - - - - - - - - - WRSW-6 Rpl Utility Mains MCC-1 - 150,000 - - - - - - - - - ADM-58 Burnt St-Casings Ph II 600,000 - - - - - - - - - - ADM-62 Fiber Optics 1,330,272 1,000,000 500,000 500,000 500,000 500,000 - - - - - ADM-63 WAS Line 1,387,356 500,000 - - - - - - - - - ADM-65 FM/MOV/MPS Sys & Comm 1,425,250 1,000,000 1,000,000 1,000,000 - - - - - - - IRR-21 Irrigation System Comm 500,000 - - - - - - - - - - ADM-71 North 2 Canal PS (1) - - - - 4,000,000 4,000,000 - - - - - WRE-10 MCC Blower Conduit Clar 351,970 - - - - - - - - - - WRE-13 VFD Replace-Deep Well 38,023 - - - - - - - - - - IRR-22 North 2 Non Assd Util (1,011,621) 1,000,000 - - - - - - - - - ADM-64 F/Main Replace Pelican - 200,000 550,000 - - - - - - - - ADM-59 Burnt St-Casings Ph III 750,000 - - - - - - - - - - WRSW-9 Reroute Clar Pipe-ABW - - 200,000 1,000,000 - - - - - - - SRO-14 Ground Storage Tank Ctg 500,000 - - - - - - - - - - UCD-9 Manhole Rehabs FY21 - - - 500,000 - - - - - - - WRSW-10 Refurb 3 Clarifiers 377,605 72,395 - - - - - - - - - NRO-11 GST Exterior CTG 150,000 - - - - - - - - - - SRO-15 Facility Refurbs 337,350 500,000 - - - - - - - - - WRE-12 Recoat Aeration Ext 7,767 - - - - - - - - - - WRSW-11 New Turblex Blower - - 425,000 - - - - - - - - WRSW-12 Bleach Cntmnt Coating 300,000 - - - - - - - - - - WRSW-13 Rpl 36" Reuse Valve 200,000 - - - - - - - - - - WRSW-16 CROM Tank Repair 300,000 - - - - - - - - - - ADM-76 Nchls/Cntry Club Repipe - 3,000,000 3,000,000 - - - - - - - - ADM-60 Infiltrn & Inflow FY22 - - - - 850,000 - - - - - - ADM-52 ASR/IRR Supply FY21 - - - 3,000,000 - - - - - - - ADM-55 ASR/IRR Supply FY22 - - - - 3,000,000 - - - - - - ADM-53 Irr to PW (F/H) FY21 - - - 1,500,000 - - - - - - - ADM-61 Irr to PW (F/H) FY22 - - - - 1,500,000 - - - - - - IRR-13 Reuse Sys Improve FY21 - - - 350,000 - - - - - - - IRR-20 Reuse Sys Improve FY22 - - - - 350,000 - - - - - - NSRO-3 Replace Membranes - - - - 2,000,000 600,000 - - - - -




WRE-8 Rehab Biosolids Bldg - - - - 1,100,000 - - - - - - WRC-14 Lift Station Rehab FY22 - - - - 2,000,000 - - - - - - UCD-10 Manhole Rehabs FY22 - - - - 500,000 - - - - - - SRO-12 Palm Tree CS Upgrades - 300,000 - - - - - - - - - SRO-16 Distribution Piping Imp - 150,000 - - - - - - - - - ADM-69 Potable Wtr Infr FY21 - - - 300,000 - - - - - - - ADM-70 Potable Wtr Infr FY22 - - - - 300,000 - - - - - - WRSW-14 RAS Roof Mod - - - - 200,000 - - - - - - WRSW-15 Conc & Liner Repair - - - - 200,000 - - - - - - WRE-14 Clarifier Launder Cvrs - 125,000 250,000 - - - - - - - - WRE-15 Reuse, Pump Pad, Valves - 400,000 - - - - - - - - - WRSW-17 Reuse Pump, Check Vlv - 325,000 - - - - - - - - - WRSW-18 Reroute Elctricl Cable - 750,000 - - - - - - - - - WRE-16 CPS Replace Breakers - 390,000 - - - - - - - - - NRO-13 Analyzer Bldg - 80,000 - - - - - - - - - SRO-17 New Guard House - 100,000 - - - - - - - - - SRO-18 Facility Paving - 600,000 - - - - - - - - - ADM-73 Infiltrn & Inflow FY23 - - - - - 850,000 - - - - - ADM-74 ASR/IRR Supply FY23 - - - - - 3,000,000 - - - - - ADM-75 Irr to PW (F/H) FY23 - - - - - 500,000 - - - - - IRR-20 Reuse Sys Improve FY23 - - - - - 350,000 - - - - - WRC-14 Lift Station Rehab FY23 - - - - - 2,000,000 - - - - - UCD-13 Manhole Rehabs FY23 - - - - - 500,000 - - - - - ADM-72 Potable Wtr Infr FY23 - - - - - 300,000 - - - - - Water Projects - - - - - - 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 Irrigation Projects - - - - - - 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 Sewer Projects - - - - - - 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 Southwest 6 & 7 Potable Water Transmission - - - - - - - - - - - North Area 1 Potable Water Transmission - - 215,137 447,117 369,554 - - - - - - North Area 1 Wastewater Transmission - - 3,727,398 7,746,618 6,402,794 - - - - - - North Area 1 Irrigation Transmission - - 2,995,547 6,225,618 5,145,646 - - - - - - North Area 2 Potable Water Transmission 6,956,459 6,956,459 - - - - - - - - - North Area 2 Wastewater Transmission 21,352,998 21,352,998 - - - - - - - - - North Area 2 Irrigation Transmission 16,314,298 16,314,298 - - - - - - - - -

Total Capital Improvement Program 108,313,994$ 76,515,649$ 43,222,249$ 44,659,353$ 44,907,994$ 16,050,000$ 25,000,000$ 25,000,000$ 25,000,000$ 25,000,000$ 25,000,000$

Cumulative Projected Cost Escalation 2 0.0% 0.0% 2.5% 5.1% 7.7% 10.4% 13.1% 16.0% 18.9% 21.8% 24.9%Resulting CIP Funding Level 108,313,994$ 76,515,649$ 44,129,353$ 46,201,593$ 47,448,224$ 17,719,200$ 28,275,000$ 29,000,000$ 29,725,000$ 30,450,000$ 31,225,000$

Annual CIP Execution Percentage 80% 85% 90% 95% 95% 100% 100% 100% 100% 100% 100%Final CIP Funding Level 95,575,946$ 71,731,865$ 40,410,226$ 44,612,481$ 45,671,713$ 17,719,200$ 28,275,000$ 29,000,000$ 29,725,000$ 30,450,000$ 31,225,000$

1 Project costs provided in future year Dollars. No escalation factor applied. 2 Based on Engineering News Record Construction Cost Index's 5 Year Average.

Note: FY 2018 CIP includes project balances as of 9/30/17 and FY 2018 amended budget. FY 2019 CIP includes projects identified by Utilities staff as of 10/3/18.

Schedule 5: Projection of Cash Inflows Appendix A: Supporting Schedules


FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028

Rate Revenue Growth Assumptions1 Growth in Water ERUs N/A 2.14% 5.18% 3.19% 2.26% 4.63% 3.13% 2.39% 2.42% 2.45% 2.49%2 Growth in Water Usage N/A 2.14% 5.18% 3.19% 2.26% 4.63% 3.13% 2.39% 2.42% 2.45% 2.49%

3 Growth in Irrigation ERUs N/A 2.38% 7.11% 3.92% 2.48% 6.05% 3.71% 2.60% 2.63% 2.66% 2.70%4 Growth in Irrigation Usage N/A 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

5 Growth in Sewer ERUs N/A 2.16% 5.60% 3.32% 2.27% 4.96% 3.23% 2.39% 2.42% 2.45% 2.49%6 Growth in Sewer Usage N/A 2.16% 5.60% 3.32% 2.27% 4.96% 3.23% 2.39% 2.42% 2.45% 2.49%

Assumed Rate Revenue Increases7 Assumed Water Rate Increase N/A 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%8 Assumed Irrigation/Reclaimed Water Rate Increases N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A9 Assumed Sewer Rate Increase N/A 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Water, Irrigation & Sewer Rate Revenue 1

10 Water Rate Revenue11 Base Facility Charges 14,225,551$ 14,529,586$ 15,282,268$ 15,769,588$ 16,126,078$ 16,873,103$ 17,400,845$ 17,817,401$ 18,248,563$ 18,695,565$ 19,160,257$ 12 Usage Charges 15,727,172 16,063,300 16,895,434 17,434,194 17,828,315 18,654,194 19,237,643 19,698,171 20,174,845 20,669,031 21,182,775 13 Irrigation Rate Revenue14 Base Facility Charges 5,262,945 5,388,147 5,771,205 5,997,579 6,146,236 6,517,879 6,759,734 6,935,599 7,118,033 7,307,555 7,505,105 15 Usage Charges 793,164 793,164 793,164 793,164 793,164 793,164 793,164 793,164 793,164 793,164 793,164 16 Sewer Rate Revenue17 Base Facility Charges 16,891,178 17,255,825 18,222,586 18,828,400 19,255,961 20,210,385 20,862,829 21,362,431 21,879,550 22,415,666 22,973,000 18 Usage Charges 29,256,437 29,888,026 31,562,508 32,611,811 33,352,369 35,005,485 36,135,552 37,000,890 37,896,568 38,825,150 39,790,483 19 Total Water, Reclaimed Water/Irrigation & Sewer Rate Revenue 82,156,446$ 83,918,048$ 88,527,165$ 91,434,735$ 93,502,122$ 98,054,211$ 101,189,766$ 103,607,656$ 106,110,723$ 108,706,131$ 111,404,783$

Other Non-Operating Revenues 2

20 General Fund Internal Serv Fee 143,499$ 156,757$ 161,099$ 165,508$ 170,177$ 180,250$ 185,563$ 191,124$ 196,950$ 203,060$ 209,474$ 21 Zoning Cases Gen Gov Charges - 114 118 121 124 129 134 137 140 143 147 22 Lot Mowing Internal Serv Fee 6,946 25,488 26,194 26,911 27,670 29,308 30,172 31,076 32,023 33,017 34,060 23 Seawall Ph 7A Intern Serv Fees - 1,148 1,180 1,212 1,246 1,320 1,359 1,400 1,442 1,487 1,534 24 Seawall Ph 7B Internal Ser Fee - 114 117 120 123 131 135 139 143 147 152 25 Green Water Internal Serv Fees - 92 95 98 101 107 110 113 117 120 124 26 Green Wstwtr Internal Serv Fee - 53,551 55,034 56,540 58,135 61,576 63,391 65,291 67,281 69,368 71,559 27 Striped Green WW ISF - 7,864 8,082 8,303 8,537 9,043 9,309 9,588 9,880 10,187 10,509 28 Orange Wstwtr Intern Serv Fee - 95,195 97,832 100,509 103,345 109,462 112,688 116,065 119,603 123,314 127,208 29 Orange Irr Internal Serv Fees - 72,085 74,082 76,109 78,256 82,888 85,331 87,889 90,568 93,377 96,327 30 PI Util Ext Internal Serv Fees 1,529 10,607 10,901 11,199 11,515 12,197 12,556 12,932 13,327 13,740 14,174 31 SW 1 Util Ext Intern Serv Fees 3,129 22,049 22,660 23,280 23,937 25,354 26,101 26,883 27,703 28,562 29,464 32 SW 3 Util Ext Intern Serv Fees 3,728 25,934 26,652 27,381 28,153 29,820 30,699 31,619 32,583 33,594 34,655 33 SW 2 Util Ext Intern Serv Fees 3,591 24,835 25,523 26,221 26,961 28,557 29,398 30,279 31,202 32,170 33,186 34 SE 1 Util Ext Intern Serv Fees 1,466 10,132 10,413 10,698 11,000 11,651 11,994 12,354 12,730 13,125 13,540 35 SW 4 Util Ext Intern Serv Fees 4,925 34,099 35,043 36,002 37,018 39,209 40,364 41,574 42,841 44,171 45,566 36 NC Loop Util Ext In Serv Fee 398 2,623 2,696 2,770 2,848 3,017 3,106 3,199 3,296 3,398 3,506 37 Surfside Util Ext Int Serv Fee 198 951 977 1,004 1,032 1,093 1,126 1,159 1,195 1,232 1,271 38 SW 5 Util Ext Intern Serv Fee 4,593 32,494 33,394 34,308 35,276 37,364 38,465 39,618 40,826 42,092 43,422 39 Stormwater Internal Serv Fees 9,675 95,596 95,596 95,596 95,596 95,596 95,596 95,596 95,596 95,596 95,596 40 Comm Site Plan Gen Gov Charges 7,720 - - - - - - - - - - 41 Reinspection Gen Gov Chg 4,394 4,112 4,248 4,363 4,462 4,668 4,814 4,930 5,049 5,173 5,301 42 Misc Permits Gen Gov Charge - 81 84 - - - - - - - - 43 Meter Installation Fees 507,198 201,745 208,398 214,060 218,899 229,039 236,203 241,857 247,710 253,778 260,086 44 Reconnect Charges 20,680 14,273 14,744 15,145 15,487 16,205 16,712 17,112 17,526 17,955 18,401 45 Meter Rental Fee 73,330 23,615 24,394 25,057 25,623 26,810 27,649 28,311 28,996 29,706 30,445 46 Service Pickup Charge 229,270 316,536 326,975 335,859 343,451 359,362 370,601 379,473 388,656 398,176 408,073 47 Returned Check Fees 22,247 15,316 15,316 15,316 15,316 15,316 15,316 15,316 15,316 15,316 15,316

Schedule 5: Projection of Cash Inflows Appendix A: Supporting Schedules



48 Penalties/Late Charges 602,777 758,258 758,258 758,258 758,258 758,258 758,258 758,258 758,258 758,258 758,258 49 Disposition of Fixed Assets - 164,644 164,644 164,444 164,444 164,444 164,444 164,444 164,444 164,444 164,444 50 Other Miscellaneous Revenue 129,931 171,208 176,854 181,659 185,766 194,371 200,450 205,249 210,216 215,365 220,718 51 Reimbursable Charges 21,946 26,732 26,732 26,732 26,732 26,732 26,732 26,732 26,732 26,732 26,732 52 Lien Fees Misc Rev 30,020 336 336 336 336 336 336 336 336 336 336 53 DelPrado Mall Pkg Int Serv Fee - 89 89 89 89 89 89 89 89 89 89 54 Change in Fair Value Invest 109,728 - - - - - - - - - - 55 Gain (Loss) on Investment Sale (19,295) - - - - - - - - - - 56 Surplus Materials/Scrap Sales 43,644 - - - - - - - - - - 57 Purchasing Card Rebate 5 - - - - - - - - - - 58 Credit Card Fees (358,388) (265,225) (273,972) (281,416) (287,778) (301,109) (310,527) (317,960) (325,655) (333,631) (341,924) 59 Total Non-Operating Revenues 1,608,884$ 2,103,448$ 2,134,788$ 2,163,792$ 2,192,137$ 2,252,591$ 2,288,674$ 2,322,180$ 2,357,119$ 2,393,598$ 2,431,747$

SRF Loan Proceeds 3

60 SRF Loan Proceeds - N1 -$ -$ 6,938,082$ 14,419,353$ 11,917,994$ -$ -$ -$ -$ -$ -$ 61 Revenue Bond Proceeds - N2 44,623,755 44,623,755 - - - - - - - - - 62 Total SRF Loan Proceeds 44,623,755$ 44,623,755$ 6,938,082$ 14,419,353$ 11,917,994$ -$ -$ -$ -$ -$ -$

Interest Earnings 4

63 Interest Earned on Unrestricted Funds 215,723$ 211,255$ 319,402$ 438,726$ 416,765$ 488,944$ 612,260$ 668,393$ 685,719$ 671,002$ 655,791$ 64 Interest Earned on Restricted Funds 59,563 59,563 89,344 119,126 119,126 119,126 119,126 119,126 119,126 119,126 119,126 65 Total Interest Earnings 275,286$ 270,818$ 408,746$ 557,852$ 535,891$ 608,069$ 731,386$ 787,519$ 804,845$ 790,128$ 774,917$

Transfers In66 Grant River Crossing 790,135$ 1,115,000$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 67 Total Interest Earnings 790,135$ 1,115,000$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Impact & Betterment Fee Revenue 5

68 Water Impact Fees 3,520,754$ 3,161,482$ 5,944,666$ 4,928,920$ 4,990,960$ 6,026,223$ 5,178,835$ 5,247,475$ 3,668,797$ 3,724,237$ 3,782,317$ 69 Irrigation Impact Fees 4,733,733 3,231,669 8,432,301 6,483,549 6,569,315 10,363,088 8,715,287 8,812,643 5,827,333 5,903,827 5,984,957 70 Sewer Impact Fees 9,519,618 8,248,216 15,187,446 12,639,664 12,785,928 14,839,063 12,676,223 12,838,047 8,891,614 9,022,318 9,159,246 71 Water Betterment Fees 264,828 221,280 226,080 237,760 245,280 250,880 262,400 270,720 277,120 283,840 290,880 72 Irrigation Betterment Fees 210,480 132,720 135,600 142,680 147,120 150,480 157,440 162,480 166,320 170,280 174,480 73 Sewer Betterment Fees 582,253 449,475 459,225 482,950 498,225 509,600 533,000 549,900 562,900 576,550 590,850 74 Total Impact & Betterment Fee Revenue 18,831,666$ 15,444,842$ 30,385,317$ 24,915,523$ 25,236,828$ 32,139,333$ 27,523,185$ 27,881,265$ 19,394,085$ 19,681,053$ 19,982,731$

75 Total Revenue 148,286,172$ 147,475,912$ 128,394,099$ 133,491,255$ 133,384,972$ 133,054,205$ 131,733,011$ 134,598,619$ 128,666,772$ 131,570,910$ 134,594,178$

1 Future rate revenue is based upon FY 2018 estimated results, forecasted utilizing the 2019 growth and rate related increases.

3 SRF and Revenue Bond proceeds are based on the projects' costs associates with North Areas 1 and 24 Interest earnings were calculated annually based upon projected average fund balances and assumed interest rates.5 Water and sewer impact (Capital Facility Expansion Charges) and betterment fee revenue were calculated annually based upon the projected number of new connections and current fees.

2 Future projections of non-rate revenues were based upon the amounts identified in the FY 2018 Approved Budget (including the projected amounts for FY 2019, FY 2020, and FY 2021 as identified in the FY 2019, FY 2020, and FY 2021 Proposed Budgets) and were escalated starting in FY 2022 by the weighted escalating costs of annual revenue requirements.

Schedule 6: Projection of Cash Outflows Appendix A: Supporting Schedules


FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Water & Sewer Personnel

1 401009 612001 Regular Salary 61,073$ 52,083$ 53,646$ 55,252$ 56,910$ 58,617$ 60,375$ 62,187$ 64,052$ 65,974$ 67,953$ 2 401009 621101 FICA Taxes 3,787 3,229 3,326 3,426 3,529 3,635 3,744 3,856 3,972 4,091 4,214 3 401009 621102 Medicare Taxes 886 755 778 801 825 850 875 902 929 956 985 4 401009 622101 General Retirement 5,296 4,516 4,651 4,790 4,934 5,082 5,234 5,391 5,553 5,720 5,891 5 401009 623101 Life,Health,Disability Insur 1,011 837 862 888 977 1,074 1,182 1,300 1,430 1,573 1,730 6 401009 623102 Self-Insured Health Plan 10,332 11,677 12,523 13,149 14,464 15,910 17,501 19,251 21,177 23,294 25,624 7 401009 624101 Workers Compensation 155 120 123 127 131 135 139 143 147 152 156 8 401009 652121 Computer Equip/Accessory - 3,000 - - - - - - - - - 9 TOTAL Water & Sewer Budget 82,540$ 73,217$ 75,909$ 78,433$ 81,769$ 85,302$ 89,050$ 93,030$ 97,259$ 101,760$ 106,553$

Accounting Personnel10 401010 612001 Regular Salary 318,965$ 274,653$ 282,893$ 291,383$ 300,124$ 309,128$ 318,402$ 327,954$ 337,793$ 347,927$ 358,364$ 11 401010 621101 FICA Taxes 19,777 17,029 17,539 18,066 18,608 19,166 19,741 20,333 20,943 21,572 22,219 12 401010 621102 Medicare Taxes 4,627 3,984 4,103 4,224 4,351 4,481 4,616 4,754 4,897 5,044 5,195 13 401010 622101 General Retirement 27,657 23,812 24,527 25,263 26,021 26,802 27,606 28,434 29,287 30,165 31,070 14 401010 623101 Life,Health,Disability Insur 5,284 4,415 4,550 4,684 5,152 5,668 6,234 6,858 7,544 8,298 9,128 15 401010 624101 Workers Compensation 807 632 650 670 690 711 732 754 777 800 824 16 401010 623102 Self-Insured Health Plan 55,706 55,615 59,645 62,627 68,890 75,779 83,357 91,692 100,861 110,948 122,042 17 401010 631312 Accounting & Auditing 26,488 29,887 28,308 29,016 29,596 30,188 30,792 31,408 32,036 32,677 33,330 18 401010 640105 Travel Costs 2,098 2,057 2,117 2,166 2,209 2,254 2,299 2,345 2,391 2,439 2,488 19 401010 652101 Office Supplies 673 3,445 700 2,665 2,718 2,773 2,828 2,885 2,942 3,001 3,061 20 401010 652116 Small Equipment 200 205 300 1,000 1,020 1,040 1,061 1,082 1,104 1,126 1,149 21 401010 652121 Computer Equip/Accessory 2,095 3,384 4,340 4,105 4,187 4,271 4,356 4,443 4,532 4,623 4,715 22 401010 654101 Books Pubs Subscrpt & Membrshp 440 451 955 727 742 756 771 787 803 819 835 23 401010 655101 Training & Seminars 1,105 830 1,890 4,840 4,937 5,036 5,136 5,239 5,344 5,451 5,560 24 TOTAL Accounting Department 465,922$ 420,399$ 432,517$ 451,436$ 469,246$ 488,052$ 507,932$ 528,968$ 551,254$ 574,888$ 599,981$

Customer Billing Svcs Personnel25 401011 612001 Regular Salary 540,089$ 569,384$ 586,469$ 604,060$ 622,182$ 640,847$ 660,073$ 679,875$ 700,271$ 721,279$ 742,918$ 26 401011 613102 Contract Employees Salary/Wage 21,060 - - - - - - - - - - 27 401011 614101 Overtime 690 690 690 690 711 732 754 777 800 824 849 28 401011 615103 Tuition Reimbursement Spec Pay 10,500 10,500 10,500 10,500 10,815 11,139 11,474 11,818 12,172 12,538 12,914 29 401011 621101 FICA Taxes 35,788 36,392 37,460 38,552 39,709 40,900 42,127 43,391 44,692 46,033 47,414 30 401011 621102 Medicare Taxes 8,371 8,512 8,762 9,018 9,289 9,567 9,854 10,150 10,454 10,768 11,091 31 401011 622101 General Retirement 48,008 50,659 52,154 53,680 55,290 56,949 58,658 60,417 62,230 64,097 66,020 32 401011 623101 Life,Health,Disability Insur 8,946 9,154 9,432 9,714 10,685 11,754 12,929 14,222 15,644 17,209 18,930 33 401011 624101 Workers Compensation 2,890 1,837 1,882 1,922 1,980 2,039 2,100 2,163 2,228 2,295 2,364 34 401011 624103 Leave Payout 4,875 6,377 6,569 6,569 6,799 7,037 7,283 7,538 7,802 8,075 8,358 35 401011 623102 Self-Insured Health Plan 118,596 130,429 139,881 146,875 161,563 177,719 195,491 215,040 236,544 260,198 286,218

Customer Billing Svcs Operating - - - - - - - - - - - 36 401011 634120 Outside Serv ices 53,074 54,136 55,219 57,980 60,299 62,711 65,220 67,828 70,542 73,363 76,298 37 401011 640105 Travel Costs 10 6 - - - - - - - - - 38 401011 641102 Telephone Serv ice 8,340 8,507 8,677 8,894 9,072 9,253 9,438 9,627 9,820 10,016 10,216 39 401011 643202 Electric 15,124 15,427 15,736 16,130 16,614 17,112 17,626 18,154 18,699 19,260 19,838 40 401011 643203 Water & Sewer 1,551 1,544 1,575 1,615 1,615 1,615 1,615 1,615 1,615 1,615 1,615 41 401011 644103 Copy & Fax Machine Rent/Lease 1,750 1,785 1,821 1,867 1,904 1,942 1,981 2,021 2,061 2,103 2,145 42 401011 646102 Equip Repair/Maintenance 500 510 521 535 546 557 568 579 591 602 615 43 401011 641104 Postage & Shipping 579 591 603 619 631 644 657 670 683 697 711 44 401011 646109 OVERHEAD Facilities Charges Overhead 3,152 3,215 3,280 3,362 3,429 3,498 3,568 3,639 3,712 3,786 3,862 45 401011 647101 Printing 630 643 656 673 686 700 714 728 743 758 773 46 401011 649103 Various Fees 190 194 198 203 203 203 203 203 203 203 203 47 401011 652101 Office Supplies 4,500 4,590 4,680 4,797 4,893 4,991 5,091 5,192 5,296 5,402 5,510 48 401011 652113 Uniforms 79 81 83 86 88 89 91 93 95 97 99 49 401011 652121 Computer Equip/Accessory 4,728 4,823 4,920 5,043 5,144 5,247 5,352 5,459 5,568 5,679 5,793 50 401011 652122 Computer Software/License 36,197 - - - - - - - - - - 51 401011 652199 Other Operating Mat & Supplies 783 799 815 836 853 870 887 905 923 941 960 52 401011 655101 Training & Seminars 526 537 548 562 573 585 596 608 620 633 646 53 TOTAL Customer Billing Department 931,526$ 921,322$ 953,131$ 984,782$ 1,025,572$ 1,068,701$ 1,114,349$ 1,162,713$ 1,214,009$ 1,268,472$ 1,326,357$



FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Utility Billing - Personnel

54 401012 612001 Regular Salary 372,006$ 390,493$ 402,211$ 414,276$ 426,704$ 439,505$ 452,691$ 466,271$ 480,259$ 494,667$ 509,507$ 55 401012 613102 Contract Employees Salary/Wage - 6,760 6,760 6,760 6,963 7,172 7,387 7,608 7,837 8,072 8,314 56 401012 614101 Overtime 603 603 603 603 621 640 659 679 699 720 742 57 401012 621101 FICA Taxes 23,171 24,803 25,534 26,281 27,069 27,882 28,718 29,579 30,467 31,381 32,322 58 401012 621102 Medicare Taxes 5,419 5,800 5,972 6,149 6,333 6,523 6,719 6,921 7,128 7,342 7,562 59 401012 622101 General Retirement 32,381 34,062 35,083 36,129 37,213 38,329 39,479 40,664 41,883 43,140 44,434 60 401012 623101 Life,Health,Disability Insur 6,162 6,279 6,466 6,662 7,328 8,061 8,867 9,754 10,729 11,802 12,982 61 401012 624101 Workers Compensation 994 1,000 1,028 1,052 1,084 1,116 1,150 1,184 1,220 1,256 1,294 62 401012 624103 Leave Payout 1,130 2,197 2,263 2,263 2,342 2,424 2,509 2,597 2,688 2,782 2,879 63 401012 623102 Self-Insured Health Plan 96,585 105,690 113,350 119,018 130,920 144,012 158,413 174,254 191,680 210,848 231,932

Utility Billing - Operating - - - - - - - - - - - 64 401012 634120 Outside Serv ices 770,583 785,995 805,645 845,928 879,765 914,956 951,554 989,616 1,029,201 1,070,369 1,113,184 65 401012 640105 Travel Costs 2,006 2,200 3,707 3,800 3,876 3,954 4,033 4,113 4,196 4,279 4,365 66 401012 641101 Communication Serv ice 138 141 144 148 151 154 157 160 163 167 170 67 401012 641104 Postage & Shipping 2,432 2,481 2,531 2,595 2,647 2,700 2,754 2,809 2,865 2,922 2,981 68 401012 644102 Equipment Rental/Leases 1,582 1,614 1,646 1,688 1,722 1,756 1,791 1,827 1,864 1,901 1,939 69 401012 644103 Copy & Fax Machine Rent/Lease 2,949 4,816 4,913 5,036 5,137 5,239 5,344 5,451 5,560 5,671 5,785 70 401012 646102 Equip Repair/Maintenance 18,695 19,069 19,450 19,937 20,336 20,742 21,157 21,580 22,012 22,452 22,901 71 401012 646109 Facilities Charges 1,845 3,011 3,072 3,149 3,212 3,276 3,342 3,409 3,477 3,546 3,617 72 401012 647101 Printing 1,350 2,663 2,717 2,785 2,841 2,898 2,955 3,015 3,075 3,136 3,199 73 401012 649102 Bank Fees 150,000 153,000 156,060 159,962 163,161 166,424 169,753 173,148 176,611 180,143 183,746 74 401012 649103 Various Fees 1,576 1,608 1,640 1,681 1,681 1,681 1,681 1,681 1,681 1,681 1,681 75 401012 652101 Office Supplies 2,500 5,758 5,952 6,101 6,223 6,347 6,474 6,604 6,736 6,871 7,008 76 401012 652113 Uniforms 79 128 131 135 138 140 143 146 149 152 155 77 401012 652116 Small Equipment 283 1,653 1,468 1,505 1,535 1,566 1,597 1,629 1,662 1,695 1,729 78 401012 652121 Computer Equip/Accessory 2,470 5,603 8,568 5,938 6,057 6,178 6,301 6,427 6,556 6,687 6,821 79 401012 652122 Computer Software/License 3,250 3,413 3,584 3,674 3,747 3,822 3,899 3,977 4,056 4,138 4,220 80 401012 652199 Other Operating Mat & Supplies 774 915 128 132 135 137 140 143 146 149 152 81 401012 654101 Books Pubs Subscrpt & Membrshp 288 1,151 874 896 914 932 951 970 989 1,009 1,029 82 401012 655101 Training & Seminars 585 1,185 1,228 1,259 1,284 1,310 1,336 1,363 1,390 1,418 1,446 83 TOTAL Utility Billing Department 1,501,836$ 1,574,091$ 1,622,728$ 1,685,542$ 1,751,139$ 1,819,878$ 1,891,955$ 1,967,579$ 2,046,978$ 2,130,396$ 2,218,098$

Assessment Billing84 401013 634120 Outside Serv ices 80,000$ 81,600$ 83,232$ 85,313$ 88,726$ 92,275$ 95,966$ 99,804$ 103,796$ 107,948$ 112,266$ 85 401013 652122 Computer Software/License 31,912 33,508 49,346 50,901 51,919 52,957 54,017 55,097 56,199 57,323 58,469 86 TOTAL Assessment Billing Department 111,912$ 115,108$ 132,578$ 136,214$ 140,645$ 145,232$ 149,982$ 154,901$ 159,995$ 165,271$ 170,735$

Public Works Administration Personnel Services87 401014 622111 UAAL General Retirement 4,662,354$ 4,802,225$ 4,946,292$ 5,069,949$ 5,120,648$ 5,171,855$ 5,223,574$ 5,275,809$ 5,328,567$ 5,381,853$ 5,435,672$

Public Works Administration Operating - - - - - - - - - - - 88 401014 634119 Employee Health Clinic Charges 3,395 3,480 3,567 3,656 3,729 3,804 3,880 3,957 4,037 4,117 4,200 89 401014 643204 Stormwater 125,228 125,228 125,228 128,359 130,926 133,545 136,216 138,940 141,719 144,553 147,444 90 401014 649110 10000 Interfund Svc Pymt General Fd 3,901,246 3,400,825 3,502,850 3,607,936 3,607,936 3,607,936 3,607,936 3,607,936 3,607,936 3,607,936 3,607,936 91 401014 649110 50020 Interfund Svc Pymt Prop/Liab 2,288,100 2,321,722 2,368,156 2,415,520 2,415,520 2,415,520 2,415,520 2,415,520 2,415,520 2,415,520 2,415,520 92 TOTAL Public Works Administration Department 10,980,323$ 10,653,480$ 10,946,093$ 11,225,420$ 11,278,760$ 11,332,659$ 11,387,125$ 11,442,163$ 11,497,779$ 11,553,979$ 11,610,771$

Utilities Admin - Personnel93 401015 612001 Regular Salary 1,077,707$ 1,212,193$ 1,248,555$ 1,286,015$ 1,324,595$ 1,364,333$ 1,405,263$ 1,447,421$ 1,490,844$ 1,535,569$ 1,581,636$ 94 401015 613102 Contract Employees Salary/Wage 61,256 61,256 61,256 61,256 63,094 64,986 66,936 68,944 71,012 73,143 75,337 95 401015 614101 Overtime 140,000 80,000 85,000 90,000 92,700 95,481 98,345 101,296 104,335 107,465 110,689 96 401015 615101 Special Pay/Add Pay 6,790 9,000 9,000 9,000 9,270 9,548 9,835 10,130 10,433 10,746 11,069 97 401015 615103 Tuition Reimbursement Spec Pay 17,500 14,000 14,000 14,000 14,420 14,853 15,298 15,757 16,230 16,717 17,218 98 401015 615104 Standby Pay 11,276 11,614 1,290 1,329 1,369 1,410 1,452 1,496 1,541 1,587 1,635 99 401015 612002 Longevity Salary - 333 333 333 326 320 313 307 301 295 289 100 401015 621101 FICA Taxes 82,606 88,317 90,995 93,747 96,559 99,456 102,440 105,513 108,678 111,939 115,297 101 401015 621102 Medicare Taxes 19,317 20,654 21,282 21,926 22,584 23,261 23,959 24,678 25,418 26,181 26,966 102 401015 622101 General Retirement 103,419 100,996 104,231 107,550 110,777 114,100 117,523 121,048 124,680 128,420 132,273 103 401015 623101 Life,Health,Disability Insur 18,147 19,646 20,236 20,841 22,925 25,218 27,739 30,513 33,565 36,921 40,613 104 401015 624101 Workers Compensation 16,123 12,860 26,596 27,429 28,252 29,099 29,972 30,872 31,798 32,752 33,734 105 401015 624103 Leave Payout 35,334 61,214 63,050 64,942 67,215 69,567 72,002 74,522 77,131 79,830 82,624 106 401015 623102 Self-Insured Health Plan 157,230 165,460 177,450 186,322 204,954 225,450 247,995 272,794 300,073 330,081 363,089



Utilities Admin - Operating - - - - - - - - - - - 107 401015 631304 Legal Serv ices 100,000 400,000 300,000 300,000 309,000 318,270 327,818 337,653 347,782 358,216 368,962 108 401015 631307 Studies & Master Plans 300,000 500,000 200,000 150,000 153,000 156,060 159,181 162,365 165,612 168,924 172,303 109 401015 631312 Accounting & Auditing 20,000 10,000 10,000 10,000 10,200 10,404 10,612 10,824 11,041 11,262 11,487 110 401015 631399 Other Professional Serv ices 250,000 300,000 325,000 350,000 360,500 371,315 382,454 393,928 405,746 417,918 430,456 111 401015 634120 Outside Serv ices 100 200,000 225,000 250,000 260,000 270,400 281,216 292,465 304,163 316,330 328,983 112 401015 640101 Food And Mileage (City) 300 300 300 300 306 312 318 325 331 338 345 113 401015 640105 Travel Costs 13,500 13,500 13,500 13,500 13,770 14,045 14,326 14,613 14,905 15,203 15,507 114 401015 641101 Communication Serv ice 6,500 6,500 6,500 6,500 6,630 6,763 6,898 7,036 7,177 7,320 7,466 115 401015 641102 Telephone Serv ice 1,000 700 700 700 714 728 743 758 773 788 804 116 401015 641104 Postage & Shipping 6,000 6,000 6,000 6,000 6,120 6,242 6,367 6,495 6,624 6,757 6,892 117 401015 643202 Electric 5,619 5,731 5,846 5,963 6,142 6,326 6,516 6,711 6,913 7,120 7,334 118 401015 643203 Water & Sewer 827 - - - - - - - - - - 119 401015 644103 Copy & Fax Machine Rent/Lease 4,500 3,500 3,500 3,500 3,570 3,641 3,714 3,789 3,864 3,942 4,020 120 401015 646102 Equip Repair/Maintenance 4,200 3,000 3,000 3,000 3,060 3,121 3,184 3,247 3,312 3,378 3,446 121 401015 646106 Unleaded Fuel 5,500 9,000 9,000 9,000 9,270 9,548 9,835 10,130 10,433 10,746 11,069 122 401015 646109 Facilities Charges 4,500 35,000 5,000 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 123 401015 646109 OVERHEAD Facilities Charges Overhead 4,605 35,000 5,000 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 124 401015 646110 OVERHEAD Fleet Charges Overhead 1,240 9,000 9,000 9,000 9,180 9,364 9,551 9,742 9,937 10,135 10,338 125 401015 646110 Fleet Charges 6,500 9,000 9,000 9,000 9,180 9,364 9,551 9,742 9,937 10,135 10,338 126 401015 647101 Printing 500 500 500 500 510 520 531 541 552 563 574 127 401015 648102 Public Relations 5,000 6,500 6,500 6,500 6,630 6,763 6,898 7,036 7,177 7,320 7,466 128 401015 649103 Various Fees 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 129 401015 649114 Lot Mow / Impact - City 65,000 70,000 70,000 70,000 71,400 72,828 74,285 75,770 77,286 78,831 80,408 130 401015 652101 Office Supplies 11,000 11,000 11,000 11,000 11,220 11,444 11,673 11,907 12,145 12,388 12,636 131 401015 652113 Uniforms 5,000 5,000 5,000 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 132 401015 652115 Tools 4,500 2,500 2,500 2,500 2,550 2,601 2,653 2,706 2,760 2,815 2,872 133 401015 652116 Small Equipment 15,500 25,000 10,000 10,000 10,200 10,404 10,612 10,824 11,041 11,262 11,487 134 401015 652121 Computer Equip/Accessory 15,400 5,000 5,000 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 135 401015 652122 Computer Software/License 37,000 20,000 20,000 20,000 20,400 20,808 21,224 21,649 22,082 22,523 22,974 136 401015 652124 Safety Equipment 4,000 4,000 4,000 4,000 4,080 4,162 4,245 4,330 4,416 4,505 4,595 137 401015 652199 Other Operating Mat & Supplies 6,000 10,000 10,000 10,000 10,200 10,404 10,612 10,824 11,041 11,262 11,487 138 401015 654101 Books Pubs Subscrpt & Membrshp 7,000 7,000 7,000 7,000 7,140 7,283 7,428 7,577 7,729 7,883 8,041 139 401015 655101 Training & Seminars 18,000 18,000 18,000 18,000 18,360 18,727 19,102 19,484 19,873 20,271 20,676 140 401015 655102 In-House Training 6,500 6,500 6,500 6,500 6,630 6,763 6,898 7,036 7,177 7,320 7,466 141 401015 664501 Computer Software Intangible 1,500,000 2,000,000 - - - - - - - - - 142 TOTAL Utilities Administration Department 4,188,996$ 5,601,774$ 3,242,620$ 3,304,153$ 3,416,402$ 3,533,501$ 3,655,743$ 3,783,445$ 3,916,949$ 4,056,626$ 4,202,876$

Utilities Customer Service - Personnel143 401016 612001 Regular Salary 611,538$ 647,838$ 667,275$ 687,293$ 707,912$ 729,149$ 751,024$ 773,554$ 796,761$ 820,664$ 845,284$ 144 401016 613102 Contract Employees Salary/Wage 27,040 27,040 27,040 27,040 27,851 28,687 29,547 30,434 31,347 32,287 33,256 145 401016 614101 Overtime 603 603 603 603 621 640 659 679 699 720 742 146 401016 615101 Special Pay/Add Pay 1,170 780 780 780 803 828 852 878 904 931 959 147 401016 621101 FICA Taxes 39,955 42,247 43,458 44,702 46,043 47,424 48,847 50,312 51,822 53,377 54,978 148 401016 621102 Medicare Taxes 9,343 9,882 10,163 10,454 10,768 11,091 11,423 11,766 12,119 12,483 12,857 149 401016 622101 General Retirement 53,469 56,658 58,355 60,090 61,893 63,749 65,662 67,632 69,661 71,751 73,903 150 401016 623101 Life,Health,Disability Insur 10,149 10,432 10,743 11,066 12,173 13,390 14,729 16,202 17,822 19,604 21,565 151 401016 624101 Workers Compensation 3,032 1,727 1,779 1,821 1,876 1,932 1,990 2,050 2,111 2,174 2,240 152 401016 652101 Office Supplies 3,072 - - - - - - - - - - 153 401016 652116 Small Equipment 360 - - - - - - - - - - 154 401016 623102 Self-Insured Health Plan 140,163 162,690 174,480 183,204 201,524 221,677 243,845 268,229 295,052 324,557 357,013 155 401016 624103 Leave Payout 4,113 5,133 5,287 5,287 5,472 5,664 5,862 6,067 6,279 6,499 6,727 156 401016 640105 Travel Costs 92 - - - - - - - - - - 157 401016 644103 Copy & Fax Machine Rent/Lease 1,773 - - - - - - - - - - 158 401016 646109 Facilities Charges 1,107 - - - - - - - - - - 159 401016 647101 Printing 1,261 - - - - - - - - - - 160 401016 652113 Uniforms 46 - - - - - - - - - - 161 401016 652121 Computer Equip/Accessory 2,950 - - - - - - - - - - 162 401016 652199 Other Operating Mat & Supplies 123 - - - - - - - - - - 163 401016 654101 Books Pubs Subscrpt & Membrshp 840 - - - - - - - - - - 164 401016 655101 Training & Seminars 560 - - - - - - - - - - 165 TOTAL Utilities Customer Service Department 912,759$ 965,030$ 999,963$ 1,032,340$ 1,076,936$ 1,124,230$ 1,174,440$ 1,227,802$ 1,284,577$ 1,345,047$ 1,409,522$




Water Production S Plant - Personnel166 401022 612001 Regular Salary 1,180,506$ 1,222,113$ 1,258,776$ 1,296,538$ 1,335,434$ 1,375,497$ 1,416,762$ 1,459,265$ 1,503,043$ 1,548,134$ 1,594,578$ 167 401022 612002 Longevity Salary 1,591 1,591 1,591 1,591 1,559 1,528 1,497 1,467 1,438 1,409 1,381 168 401022 614101 Overtime 162,225 167,091 172,104 177,267 182,585 188,063 193,704 199,516 205,501 211,666 218,016 169 401022 615101 Special Pay/Add Pay 10,160 10,160 11,468 11,812 12,166 12,531 12,907 13,295 13,693 14,104 14,527 170 401022 615104 Standby Pay 49,791 51,285 52,824 25,328 26,088 26,870 27,677 28,507 29,362 30,243 31,150 171 401022 615106 Shift Differential Pay 9,100 8,985 8,985 8,985 8,985 8,985 8,985 8,985 8,985 8,985 8,985 172 401022 621101 FICA Taxes 90,344 91,160 93,855 96,638 99,537 102,523 105,599 108,767 112,030 115,391 118,853 173 401022 621102 Medicare Taxes 21,131 21,320 21,954 22,603 23,281 23,980 24,699 25,440 26,203 26,989 27,799 174 401022 622101 General Retirement 109,892 100,190 103,155 106,210 109,396 112,678 116,059 119,540 123,126 126,820 130,625 175 401022 623101 Life,Health,Disability Insur 20,769 20,340 20,943 21,561 23,717 26,089 28,698 31,567 34,724 38,197 42,016 176 401022 624101 Workers Compensation 50,355 46,046 60,893 62,691 64,572 66,509 68,504 70,559 72,676 74,856 77,102 177 401022 624103 Leave Payout 40,894 38,130 39,274 40,452 41,868 43,333 44,850 46,420 48,044 49,726 51,466 178 401022 623102 Self-Insured Health Plan 194,519 200,492 215,020 225,770 248,347 273,182 300,500 330,550 363,605 399,965 439,962 179 401022 623107 Opt Out Health Ins Subsidy 2,880 2,880 2,880 2,880 2,966 3,055 3,147 3,241 3,339 3,439 3,542

Water Production S Plant - Operating - - - - - - - - - - - 180 401022 631303 Lab Serv ices 40,750 38,000 45,000 38,950 39,729 40,524 41,334 42,161 43,004 43,864 44,741 181 401022 631399 Other Professional Serv ices 160,000 131,130 135,064 139,116 143,289 147,588 152,016 156,576 161,274 166,112 171,095 182 401022 634104 Security Serv ices 165,000 165,000 165,000 165,000 168,300 171,666 175,099 178,601 182,173 185,817 189,533 183 401022 634120 Outside Serv ices 49,700 51,761 53,831 55,984 58,223 60,552 62,974 65,493 68,113 70,838 73,671 184 401022 640101 Food And Mileage (City) 103 106 109 112 114 117 119 121 124 126 129 185 401022 640105 Travel Costs 17,363 19,868 20,365 20,365 20,772 21,188 21,612 22,044 22,485 22,934 23,393 186 401022 641101 Communication Serv ice 1,372 1,415 1,450 1,486 1,516 1,546 1,577 1,608 1,641 1,673 1,707 187 401022 641102 Telephone Serv ice 15,212 6,000 6,150 6,304 6,430 6,559 6,690 6,824 6,960 7,099 7,241 188 401022 641104 Postage & Shipping 1,000 400,000 300,000 300,000 306,000 312,120 318,362 324,730 331,224 337,849 344,606 189 401022 643202 Electric 1,022,000 500,000 200,000 150,000 154,500 159,135 163,909 168,826 173,891 179,108 184,481 190 401022 643205 Propane Fuel 210 215 220 226 231 235 240 245 250 255 260 191 401022 644102 Equipment Rental/Leases 4,203 300,000 325,000 350,000 357,000 364,140 371,423 378,851 386,428 394,157 402,040 192 401022 644103 Copy & Fax Machine Rent/Lease 4,116 200,000 225,000 250,000 255,000 260,100 265,302 270,608 276,020 281,541 287,171 193 401022 644104 Uniforms/Linen/Mats Rent/Lease 6,000 300 300 300 306 312 318 325 331 338 345 194 401022 646102 Equip Repair/Maintenance 262,656 13,500 13,500 13,500 13,770 14,045 14,326 14,613 14,905 15,203 15,507 195 401022 646103 Building Maintenance 84,000 6,500 6,500 6,500 6,630 6,763 6,898 7,036 7,177 7,320 7,466 196 401022 646104 Diesel Fuel 2,500 700 700 700 721 743 765 788 811 836 861 197 401022 646106 Unleaded Fuel 24,719 6,000 6,000 6,000 6,180 6,365 6,556 6,753 6,956 7,164 7,379 198 401022 646107 Oil & Grease 4,000 5,731 5,846 5,963 6,082 6,204 6,328 6,455 6,584 6,715 6,850 199 401022 646108 Other Repairs & Maint. 10,506 848 869 891 909 927 946 964 984 1,003 1,023 200 401022 646109 Facilities Charges 30,000 3,500 3,500 3,500 3,570 3,641 3,714 3,789 3,864 3,942 4,020 201 401022 646109 OVERHEAD Facilities Charges Overhead - 3,000 3,000 3,000 3,060 3,121 3,184 3,247 3,312 3,378 3,446 202 401022 646110 OVERHEAD Fleet Charges Overhead - 5,000 5,000 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 203 401022 646110 Fleet Charges 29,402 9,000 9,000 9,000 9,180 9,364 9,551 9,742 9,937 10,135 10,338 204 401022 646124 Dyed Diesel Fuel 25,249 5,000 5,000 5,000 5,150 5,305 5,464 5,628 5,796 5,970 6,149 205 401022 647101 Printing 1,000 9,000 9,000 9,000 9,180 9,364 9,551 9,742 9,937 10,135 10,338 206 401022 648102 Public Relations 1,615 1,655 1,696 1,738 1,773 1,808 1,844 1,881 1,919 1,957 1,996 207 401022 649103 Various Fees 11,557 12,846 13,167 13,496 13,496 13,496 13,496 13,496 13,496 13,496 13,496 208 401022 652101 Office Supplies 4,203 500 500 500 510 520 531 541 552 563 574 209 401022 652113 Uniforms 4,403 6,500 6,500 6,500 6,630 6,763 6,898 7,036 7,177 7,320 7,466 210 401022 652114 Chemicals 333,125 7,000 7,000 7,000 7,140 7,283 7,428 7,577 7,729 7,883 8,041 211 401022 652115 Tools 5,574 70,000 70,000 70,000 71,400 72,828 74,285 75,770 77,286 78,831 80,408 212 401022 652116 Small Equipment 151,731 11,000 11,000 11,000 11,220 11,444 11,673 11,907 12,145 12,388 12,636 213 401022 652117 Janitorial Supplies 3,789 5,000 5,000 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 214 401022 652121 Computer Equip/Accessory 10,715 2,500 2,500 2,500 2,550 2,601 2,653 2,706 2,760 2,815 2,872 215 401022 652122 Computer Software/License 17,994 20,000 10,000 10,000 10,200 10,404 10,612 10,824 11,041 11,262 11,487 216 401022 652124 Safety Equipment 10,000 5,000 5,000 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 217 401022 652199 Other Operating Mat & Supplies 40,000 41,000 88,305 90,513 92,323 94,170 96,053 97,974 99,934 101,932 103,971 218 401022 653105 Parking Lot Maintenance 100,000 10,000 10,000 10,000 10,200 10,404 10,612 10,824 11,041 11,262 11,487 219 401022 654101 Books Pubs Subscrpt & Membrshp 2,758 7,000 7,000 7,000 7,140 7,283 7,428 7,577 7,729 7,883 8,041 220 401022 655101 Training & Seminars 25,179 18,000 18,000 18,000 18,360 18,727 19,102 19,484 19,873 20,271 20,676 221 401022 655102 In-House Training 10,250 6,500 6,500 6,500 6,630 6,763 6,898 7,036 7,177 7,320 7,466 222 401022 634103 Trash Removal 5,000 3,000 3,075 3,075 3,137 3,199 3,263 3,328 3,395 3,463 3,532 223 401022 664101 Equipment 528,478 390,228 478,337 298,196 298,196 298,196 298,196 298,196 298,196 298,196 298,196 224 TOTAL Water Production S Plant Department 5,171,589$ 4,481,086$ 4,352,706$ 4,212,241$ 4,332,549$ 4,457,941$ 4,588,736$ 4,725,283$ 4,867,959$ 5,017,173$ 5,173,371$



FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Water Production N Plant - Personnel

225 401023 612001 Regular Salary 1,167,537$ 1,301,510$ 1,340,555$ 1,380,772$ 1,422,195$ 1,464,861$ 1,508,807$ 1,554,071$ 1,600,693$ 1,648,714$ 1,698,175$ 226 401023 612002 Longevity Salary 2,902 2,902 2,902 2,902 2,844 2,787 2,731 2,677 2,623 2,571 2,519 227 401023 614101 Overtime 162,225 167,091 172,104 177,267 182,585 188,063 193,704 199,516 205,501 211,666 218,016 228 401023 615101 Special Pay/Add Pay 12,110 12,110 12,473 12,847 13,232 13,629 14,038 14,459 14,893 15,340 15,800 229 401023 615104 Standby Pay 54,942 56,592 58,288 36,108 37,191 38,307 39,456 40,640 41,859 43,115 44,408 230 401023 615106 Shift Differential Pay 9,890 9,890 9,890 9,890 9,890 9,890 9,890 9,890 9,890 9,890 9,890 231 401023 621101 FICA Taxes 90,026 97,025 99,892 102,846 105,931 109,109 112,383 115,754 119,227 122,804 126,488 232 401023 621102 Medicare Taxes 21,057 22,690 23,363 24,054 24,776 25,519 26,284 27,073 27,885 28,722 29,583 233 401023 622101 General Retirement 121,095 117,188 120,649 124,213 127,939 131,778 135,731 139,803 143,997 148,317 152,766 234 401023 623101 Life,Health,Disability Insur 20,669 21,848 22,491 23,155 25,471 28,018 30,819 33,901 37,291 41,020 45,123 235 401023 624101 Workers Compensation 48,484 52,482 67,578 69,574 71,661 73,811 76,025 78,306 80,655 83,075 85,567 236 401023 624103 Leave Payout 41,786 39,110 40,283 41,492 42,944 44,447 46,003 47,613 49,279 51,004 52,789 237 401023 623102 Self-Insured Health Plan 191,825 219,691 235,611 247,391 272,130 299,343 329,277 362,205 398,426 438,268 482,095 238 401023 623107 Opt Out Health Ins Subsidy 960 2,880 2,880 2,880 2,966 3,055 3,147 3,241 3,339 3,439 3,542

Water Production N Plant - Operating - - - - - - - - - - - 239 401023 631303 Lab Serv ices 30,750 31,520 40,000 41,000 41,820 42,656 43,510 44,380 45,267 46,173 47,096 240 401023 631399 Other Professional Serv ices 127,308 131,127 135,061 139,113 143,286 147,585 152,013 156,573 161,270 166,108 171,091 241 401023 634104 Security Serv ices 165,000 165,000 165,000 165,000 168,300 171,666 175,099 178,601 182,173 185,817 189,533 242 401023 634120 Outside Serv ices 56,264 90,000 93,600 97,344 101,238 105,287 109,499 113,879 118,434 123,171 128,098 243 401023 640101 Food And Mileage (City) 700 700 718 739 754 769 784 800 816 832 849 244 401023 640105 Travel Costs 16,214 16,903 17,326 17,759 18,114 18,476 18,846 19,223 19,607 20,000 20,400 245 401023 641101 Communication Serv ice 1,500 1,550 1,589 1,629 1,662 1,695 1,729 1,763 1,799 1,835 1,871 246 401023 641102 Telephone Serv ice 21,562 21,782 22,327 22,885 23,343 23,810 24,286 24,771 25,267 25,772 26,288 247 401023 641104 Postage & Shipping 736 755 774 793 809 825 842 858 876 893 911 248 401023 643202 Electric 942,288 968,860 998,825 1,058,755 1,090,518 1,123,233 1,156,930 1,191,638 1,227,387 1,264,209 1,302,135 249 401023 643205 Propane Fuel 210 215 220 226 231 235 240 245 250 255 260 250 401023 644102 Equipment Rental/Leases 4,100 4,203 4,308 4,416 4,504 4,594 4,686 4,780 4,876 4,973 5,073 251 401023 644103 Copy & Fax Machine Rent/Lease 4,116 4,116 4,219 4,324 4,410 4,499 4,589 4,680 4,774 4,870 4,967 252 401023 644104 Uniforms/Linen/Mats Rent/Lease 5,778 5,000 5,125 5,253 5,358 5,465 5,575 5,686 5,800 5,916 6,034 253 401023 646102 Equip Repair/Maintenance 300,000 307,500 315,188 323,068 329,529 336,120 342,842 349,699 356,693 363,827 371,104 254 401023 646103 Building Maintenance 45,480 46,617 97,782 48,977 49,957 50,956 51,975 53,014 54,075 55,156 56,259 255 401023 646106 Unleaded Fuel 12,720 12,000 12,720 13,483 13,887 14,304 14,733 15,175 15,630 16,099 16,582 256 401023 646107 Oil & Grease 3,500 3,588 3,678 3,770 3,845 3,922 4,001 4,081 4,162 4,246 4,331 257 401023 646108 Other Repairs & Maint. 4,000 3,000 3,075 3,152 3,215 3,279 3,345 3,412 3,480 3,550 3,621 258 401023 646109 Facilities Charges 30,000 25,000 25,625 26,266 26,791 27,327 27,874 28,431 29,000 29,580 30,171 259 401023 646109 OVERHEAD Facilities Charges Overhead - 25,000 25,625 26,266 26,791 27,327 27,874 28,431 29,000 29,580 30,171 260 401023 646110 OVERHEAD Fleet Charges Overhead - 5,000 5,125 5,253 5,358 5,465 5,575 5,686 5,800 5,916 6,034 261 401023 646110 Fleet Charges 12,000 10,000 10,250 10,506 10,716 10,930 11,149 11,372 11,599 11,831 12,068 262 401023 646124 Dyed Diesel Fuel 28,090 27,000 28,620 30,337 31,247 32,185 33,150 34,145 35,169 36,224 37,311 263 401023 647101 Printing 106 110 113 116 118 121 123 126 128 131 133 264 401023 648102 Public Relations 1,615 1,655 1,655 1,696 1,730 1,765 1,800 1,836 1,873 1,910 1,948 265 401023 649103 Various Fees 8,200 9,405 9,640 9,881 9,881 9,881 9,881 9,881 9,881 9,881 9,881 266 401023 652101 Office Supplies 5,125 7,500 7,688 7,880 8,038 8,198 8,362 8,530 8,700 8,874 9,052 267 401023 652113 Uniforms 4,126 4,230 4,336 4,444 4,533 4,624 4,716 4,810 4,907 5,005 5,105 268 401023 652114 Chemicals 281,875 288,922 296,145 303,549 309,620 315,812 322,129 328,571 335,143 341,845 348,682 269 401023 652115 Tools 4,459 4,570 4,684 4,801 4,897 4,995 5,095 5,197 5,301 5,407 5,515 270 401023 652116 Small Equipment 102,875 75,000 76,875 78,797 80,373 81,980 83,620 85,292 86,998 88,738 90,513 271 401023 652117 Janitorial Supplies 3,345 3,000 3,075 3,152 3,215 3,279 3,345 3,412 3,480 3,550 3,621 272 401023 652121 Computer Equip/Accessory 10,715 10,983 51,258 11,539 11,770 12,005 12,245 12,490 12,740 12,995 13,255 273 401023 652122 Computer Software/License 21,396 11,258 21,931 11,827 12,064 12,305 12,551 12,802 13,058 13,319 13,586 274 401023 652124 Safety Equipment 8,405 8,500 8,713 8,930 9,109 9,291 9,477 9,666 9,859 10,057 10,258 275 401023 652199 Other Operating Mat & Supplies 50,000 51,250 52,531 53,845 54,922 56,020 57,141 58,284 59,449 60,638 61,851 276 401023 654101 Books Pubs Subscrpt & Membrshp 3,152 6,000 6,150 6,304 6,430 6,559 6,690 6,824 6,960 7,099 7,241 277 401023 655101 Training & Seminars 22,323 20,821 21,342 21,875 22,313 22,759 23,214 23,678 24,152 24,635 25,127 278 401023 655102 In-House Training 20,000 14,000 14,350 14,709 15,003 15,303 15,609 15,921 16,240 16,565 16,896 279 401023 634103 Trash Removal 5,000 2,000 2,050 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743

Water Production N Plant - Capital Outlay - - - - - - - - - - - 280 401023 664101 Equipment 355,951 209,532 274,770 567,232 567,232 567,232 567,232 567,232 567,232 567,232 567,232 281 TOTAL Water Production N Plant Department 4,666,492$ 4,758,181$ 5,083,045$ 5,421,282$ 5,573,787$ 5,732,560$ 5,897,975$ 6,070,437$ 6,250,383$ 6,438,286$ 6,634,659$



FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Collection/Distribution - Personnel

282 401024 612001 Regular Salary 4,301,880$ 4,635,330$ 4,774,262$ 4,917,331$ 5,064,851$ 5,216,796$ 5,373,300$ 5,534,499$ 5,700,534$ 5,871,550$ 6,047,697$ 283 401024 612002 Longevity Salary 1,747 1,747 1,747 1,747 1,712 1,678 1,644 1,611 1,579 1,548 1,517 284 401024 614101 Overtime 430,000 430,000 430,000 430,000 442,900 456,187 469,873 483,969 498,488 513,442 528,846 285 401024 615101 Special Pay/Add Pay 28,860 28,860 28,860 28,860 29,726 30,618 31,536 32,482 33,457 34,460 35,494 286 401024 615104 Standby Pay 68,466 60,000 60,000 60,000 61,800 63,654 65,564 67,531 69,556 71,643 73,792 287 401024 621101 FICA Taxes 303,994 324,116 332,968 342,070 352,332 362,902 373,789 385,003 396,553 408,449 420,703 288 401024 621102 Medicare Taxes 71,096 75,795 77,868 80,003 82,403 84,875 87,421 90,044 92,745 95,528 98,394 289 401024 622101 General Retirement 395,002 421,645 433,082 444,862 458,208 471,954 486,113 500,696 515,717 531,188 547,124 290 401024 623101 Life,Health,Disability Insur 72,745 75,715 77,965 80,290 88,319 97,151 106,866 117,553 129,308 142,239 156,462 291 401024 624101 Workers Compensation 396,800 477,058 524,526 539,320 555,500 572,165 589,330 607,009 625,220 643,976 663,296 292 401024 624103 Leave Payout 80,125 89,298 91,977 94,736 98,052 101,484 105,035 108,712 112,517 116,455 120,531 293 401024 623102 Self-Insured Health Plan 936,915 1,064,048 1,141,153 1,198,207 1,318,028 1,449,830 1,594,814 1,754,295 1,929,724 2,122,697 2,334,966 294 401024 623107 Opt Out Health Ins Subsidy 7,680 5,760 5,760 5,760 5,933 6,111 6,294 6,483 6,677 6,878 7,084

Collection/Distribution - Operating - - - - - - - - - - - 295 401024 631303 Lab Serv ices 23,622 21,000 21,525 22,063 22,504 22,954 23,413 23,882 24,359 24,847 25,343 296 401024 631399 Other Professional Serv ices 21,573 6,000 6,150 6,304 6,493 6,688 6,889 7,095 7,308 7,527 7,753 297 401024 634120 Outside Serv ices 109,080 50,000 51,250 52,531 54,632 56,818 59,090 61,454 63,912 66,468 69,127 298 401024 640101 Food And Mileage (City) 208 212 216 220 224 229 233 238 243 248 253 299 401024 640105 Travel Costs 2,547 2,646 2,646 2,646 2,699 2,753 2,808 2,864 2,921 2,980 3,039 300 401024 641101 Communication Serv ice 22,199 36,000 38,880 41,760 42,595 43,447 44,316 45,202 46,106 47,029 47,969 301 401024 641102 Telephone Serv ice 876 1,500 1,530 1,561 1,592 1,624 1,657 1,690 1,723 1,758 1,793 302 401024 641104 Postage & Shipping 209 213 217 221 225 230 235 239 244 249 254 303 401024 643202 Electric 17,500 17,833 18,189 18,553 19,110 19,683 20,273 20,882 21,508 22,153 22,818 304 401024 643205 Propane Fuel 1,000 1,000 1,000 1,000 1,020 1,040 1,061 1,082 1,104 1,126 1,149 305 401024 644102 Equipment Rental/Leases 30,000 32,000 32,000 32,000 32,640 33,293 33,959 34,638 35,331 36,037 36,758 306 401024 644103 Copy & Fax Machine Rent/Lease 5,190 5,289 5,395 5,503 5,613 5,725 5,840 5,957 6,076 6,197 6,321 307 401024 644104 Uniforms/Linen/Mats Rent/Lease 19,419 19,788 20,184 20,588 21,000 21,420 21,848 22,285 22,731 23,185 23,649 308 401024 646102 Equip Repair/Maintenance 29,561 31,058 31,834 32,471 33,120 33,783 34,458 35,148 35,851 36,568 37,299 309 401024 646103 Building Maintenance 4,255 4,336 4,423 4,515 4,605 4,697 4,791 4,887 4,985 5,085 5,186 310 401024 646104 Diesel Fuel 78,732 80,228 81,833 83,469 85,973 88,552 91,209 93,945 96,763 99,666 102,656 311 401024 646106 Unleaded Fuel 96,901 80,000 82,000 84,050 86,572 89,169 91,844 94,599 97,437 100,360 103,371 312 401024 646109 Facilities Charges 15,284 50,000 51,250 52,531 53,582 54,653 55,746 56,861 57,998 59,158 60,342 313 401024 646109 OVERHEAD Facilities Charges Overhead 14,791 50,000 51,250 52,531 53,582 54,653 55,746 56,861 57,998 59,158 60,342 314 401024 646110 OVERHEAD Fleet Charges Overhead 64,125 150,000 153,750 157,594 160,746 163,961 167,240 170,585 173,997 177,476 181,026 315 401024 646110 Fleet Charges 206,858 250,000 256,250 262,656 267,909 273,267 278,733 284,307 289,993 295,793 301,709 316 401024 647101 Printing 4,000 4,000 4,000 4,000 4,080 4,162 4,245 4,330 4,416 4,505 4,595 317 401024 649103 Various Fees 6,125 8,825 8,825 9,002 9,002 9,002 9,002 9,002 9,002 9,002 9,002 318 401024 652101 Office Supplies 6,986 7,119 7,261 7,406 7,554 7,705 7,859 8,016 8,177 8,340 8,507 319 401024 652113 Uniforms 16,923 17,131 18,296 18,662 19,035 19,416 19,804 20,200 20,604 21,016 21,437 320 401024 652114 Chemicals 3,501 5,000 5,125 5,253 5,358 5,465 5,575 5,686 5,800 5,916 6,034 321 401024 652115 Tools 41,188 41,971 42,810 43,666 44,539 45,430 46,339 47,265 48,211 49,175 50,159 322 401024 652116 Small Equipment 33,714 55,000 56,375 57,784 58,940 60,118 61,321 62,547 63,798 65,074 66,376 323 401024 652117 Janitorial Supplies 9,528 9,709 9,903 10,101 10,303 10,509 10,719 10,934 11,152 11,375 11,603 324 401024 652121 Computer Equip/Accessory 5,565 10,000 10,250 10,506 10,716 10,930 11,149 11,372 11,599 11,831 12,068 325 401024 652122 Computer Software/License 15,626 15,923 15,923 15,923 16,241 16,566 16,898 17,236 17,580 17,932 18,291 326 401024 652124 Safety Equipment 16,344 16,655 16,988 17,328 17,675 18,028 18,389 18,756 19,132 19,514 19,904 327 401024 652199 Other Operating Mat & Supplies 2,713,284 2,500,000 2,500,000 2,500,000 2,550,000 2,601,000 2,653,020 2,706,080 2,760,202 2,815,406 2,871,714 328 401024 653107 Utility System Maintenance 1,211,859 1,234,884 1,259,582 1,284,774 1,310,469 1,336,679 1,363,412 1,390,681 1,418,494 1,446,864 1,475,801 329 401024 654101 Books Pubs Subscrpt & Membrshp 2,533 2,533 10,250 10,506 10,716 10,930 11,149 11,372 11,599 11,831 12,068 330 401024 655101 Training & Seminars 4,100 6,000 6,150 6,304 6,430 6,559 6,690 6,824 6,960 7,099 7,241 331 401024 655102 In-House Training 49,280 40,000 41,000 42,025 42,866 43,723 44,597 45,489 46,399 47,327 48,274

Collection/Distribution - Capital Outlay - - - - - - - - - - - 332 401024 664101 Equipment - 451,393 85,657 - - - - - - - - 333 TOTAL Collection/Distribution Department 11,999,796$ 13,004,618$ 12,990,335$ 13,201,193$ 13,640,124$ 14,100,267$ 14,583,136$ 15,090,379$ 15,623,792$ 16,185,333$ 16,777,137$



FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Water Reclamation Col Sys - Personnel

334 401025 612001 Regular Salary 991,628$ 1,062,184$ 1,093,819$ 1,126,399$ 1,160,191$ 1,194,997$ 1,230,847$ 1,267,772$ 1,305,805$ 1,344,979$ 1,385,329$ 335 401025 612002 Longevity Salary 686 374 374 374 367 359 352 345 338 331 325 336 401025 614101 Overtime 40,000 42,600 43,985 45,414 46,776 48,180 49,625 51,114 52,647 54,227 55,853 337 401025 615101 Special Pay/Add Pay 12,870 13,520 13,520 13,520 13,926 14,343 14,774 15,217 15,673 16,144 16,628 338 401025 615104 Standby Pay 50,015 53,266 54,997 56,785 58,489 60,243 62,051 63,912 65,829 67,804 69,838 339 401025 615106 Shift Differential Pay 1,375 314 314 314 314 314 314 314 314 314 314 340 401025 621101 FICA Taxes 68,989 72,824 74,972 77,186 79,502 81,887 84,343 86,874 89,480 92,164 94,929 341 401025 621102 Medicare Taxes 16,135 17,031 17,535 18,053 18,595 19,152 19,727 20,319 20,928 21,556 22,203 342 401025 622101 General Retirement 89,511 95,760 98,585 101,496 104,541 107,677 110,907 114,235 117,662 121,192 124,827 343 401025 623101 Life,Health,Disability Insur 17,220 17,584 18,096 18,624 20,486 22,535 24,789 27,267 29,994 32,994 36,293 344 401025 624101 Workers Compensation 64,368 43,342 49,950 51,412 52,954 54,543 56,179 57,865 59,601 61,389 63,230 345 401025 624103 Leave Payout 32,735 38,777 39,940 41,139 42,579 44,069 45,612 47,208 48,860 50,570 52,340 346 401025 623102 Self-Insured Health Plan 199,905 203,261 217,989 228,887 251,776 276,953 304,649 335,113 368,625 405,487 446,036 347 401025 623107 Opt Out Health Ins Subsidy 1,920 1,920 1,920 1,920 1,978 2,037 2,098 2,161 2,226 2,293 2,361

Water Reclamation Col Sys - Operating348 401025 631303 Lab Serv ices 1,385 1,385 1,385 1,420 1,448 1,477 1,507 1,537 1,568 1,599 1,631 349 401025 631399 Other Professional Serv ices 5,567 5,000 5,000 5,125 5,279 5,437 5,600 5,768 5,941 6,120 6,303 350 401025 634120 Outside Serv ices 56,340 61,840 63,077 64,654 67,240 69,930 72,727 75,636 78,661 81,808 85,080 351 401025 640105 Travel Costs 12,454 10,659 8,119 10,926 11,145 11,367 11,595 11,827 12,063 12,304 12,551 352 401025 641101 Communication Serv ice 3,920 4,038 4,038 4,139 4,222 4,306 4,392 4,480 4,570 4,661 4,754 353 401025 641104 Postage & Shipping 1,000 1,020 1,020 1,046 1,067 1,088 1,110 1,132 1,155 1,178 1,202 354 401025 643202 Electric 700,000 765,000 805,000 805,000 829,150 854,025 879,645 906,035 933,216 961,212 990,048 355 401025 643203 Water & Sewer 109 - - - - - - - - - - 356 401025 644102 Equipment Rental/Leases 15,000 19,000 38,000 30,750 31,365 31,992 32,632 33,285 33,950 34,629 35,322 357 401025 644103 Copy & Fax Machine Rent/Lease 1,680 1,697 1,731 1,774 1,809 1,846 1,883 1,920 1,959 1,998 2,038 358 401025 644104 Uniforms/Linen/Mats Rent/Lease 4,984 5,133 5,236 5,367 5,474 5,584 5,696 5,809 5,926 6,044 6,165 359 401025 646102 Equip Repair/Maintenance 500,000 540,000 554,000 567,850 579,207 590,791 602,607 614,659 626,952 639,491 652,281 360 401025 646103 Building Maintenance 5,000 45,000 5,000 5,125 5,228 5,332 5,439 5,547 5,658 5,772 5,887 361 401025 646104 Diesel Fuel 27,850 28,685 29,259 29,990 30,890 31,816 32,771 33,754 34,767 35,810 36,884 362 401025 646106 Unleaded Fuel 40,541 35,000 35,875 36,772 37,875 39,011 40,182 41,387 42,629 43,908 45,225 363 401025 646107 Oil & Grease 504 519 519 532 543 553 565 576 587 599 611 364 401025 646108 Other Repairs & Maint. 8,235 8,482 8,482 8,694 8,868 9,045 9,226 9,411 9,599 9,791 9,987 365 401025 646109 Facilities Charges 4,650 4,766 4,861 4,983 5,083 5,184 5,288 5,394 5,502 5,612 5,724 366 401025 646109 OVERHEAD Facilities Charges Overhead 4,417 4,527 4,618 4,733 4,828 4,924 5,023 5,123 5,226 5,330 5,437 367 401025 646110 OVERHEAD Fleet Charges Overhead 18,594 19,058 19,439 19,925 20,324 20,730 21,145 21,567 21,999 22,439 22,888 368 401025 646110 Fleet Charges 59,981 61,480 62,710 64,278 65,564 66,875 68,212 69,577 70,968 72,387 73,835 369 401025 646124 Dyed Diesel Fuel 20,854 21,480 21,480 22,017 22,678 23,358 24,059 24,780 25,524 26,289 27,078 370 401025 647101 Printing 1,826 1,800 1,800 1,845 1,882 1,920 1,958 1,997 2,037 2,078 2,119 371 401025 649103 Various Fees 2,240 2,240 2,240 2,296 2,296 2,296 2,296 2,296 2,296 2,296 2,296 372 401025 652101 Office Supplies 1,680 1,730 1,765 1,809 1,845 1,882 1,920 1,958 1,997 2,037 2,078 373 401025 652113 Uniforms 3,150 3,300 3,300 3,383 3,451 3,520 3,590 3,662 3,735 3,810 3,886 374 401025 652114 Chemicals 61,321 63,160 64,423 66,034 67,355 68,702 70,076 71,477 72,907 74,365 75,852 375 401025 652115 Tools 8,122 8,366 8,533 8,746 8,921 9,099 9,281 9,467 9,656 9,849 10,046 376 401025 652116 Small Equipment 27,000 27,810 28,366 29,075 29,657 30,250 30,855 31,472 32,101 32,743 33,398 377 401025 652117 Janitorial Supplies 1,680 1,730 1,765 1,809 1,845 1,882 1,920 1,958 1,997 2,037 2,078 378 401025 652121 Computer Equip/Accessory 7,040 7,251 7,396 7,581 7,733 7,887 8,045 8,206 8,370 8,537 8,708 379 401025 652122 Computer Software/License 2,154 2,219 2,263 2,320 2,366 2,414 2,462 2,511 2,561 2,613 2,665 380 401025 652124 Safety Equipment 4,700 6,200 6,200 6,355 6,482 6,612 6,744 6,879 7,016 7,157 7,300 381 401025 652199 Other Operating Mat & Supplies 30,000 30,900 30,900 31,673 32,306 32,953 33,612 34,284 34,970 35,669 36,382 382 401025 654101 Books Pubs Subscrpt & Membrshp 597 597 1,200 1,230 1,255 1,280 1,305 1,331 1,358 1,385 1,413 383 401025 655101 Training & Seminars 6,805 5,805 5,305 5,950 6,069 6,190 6,314 6,440 6,569 6,701 6,835 384 401025 655102 In-House Training 12,375 12,375 12,375 12,686 12,940 13,199 13,462 13,732 14,006 14,286 14,572

Water Reclamation - Col Sys - Capital Outlay - - - - - - - - - - - 385 401025 664101 Equipment 485,000 485,000 415,000 430,000 430,000 430,000 430,000 430,000 430,000 430,000 430,000 386 TOTAL Reclamation - Col Sys Department 3,736,112$ 3,967,009$ 3,997,676$ 4,089,415$ 4,208,158$ 4,332,047$ 4,461,407$ 4,596,591$ 4,737,980$ 4,885,989$ 5,041,067$



FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Water Reclamation - Everest Plant - Personnel

387 401026 612001 Regular Salary 1,289,439$ 1,247,500$ 1,284,924$ 1,323,469$ 1,363,173$ 1,404,068$ 1,446,190$ 1,489,576$ 1,534,263$ 1,580,291$ 1,627,700$ 388 401026 612002 Longevity Salary 1,685 291 291 291 285 279 274 268 263 258 253 389 401026 614101 Overtime 180,000 191,700 197,930 204,363 210,494 216,809 223,313 230,012 236,913 244,020 251,341 390 401026 615101 Special Pay/Add Pay 7,980 7,980 7,980 7,980 8,219 8,466 8,720 8,982 9,251 9,529 9,814 391 401026 615104 Standby Pay 49,301 52,506 54,212 55,974 57,653 59,383 61,164 62,999 64,889 66,836 68,841 392 401026 615106 Shift Differential Pay 11,323 12,598 12,598 12,598 12,598 12,598 12,598 12,598 12,598 12,598 12,598 393 401026 621101 FICA Taxes 97,220 94,060 96,865 99,766 102,759 105,842 109,017 112,288 115,656 119,126 122,700 394 401026 621102 Medicare Taxes 22,736 21,997 22,654 23,334 24,034 24,755 25,498 26,263 27,051 27,862 28,698 395 401026 622101 General Retirement 103,793 116,318 119,799 123,386 127,088 130,900 134,827 138,872 143,038 147,329 151,749 396 401026 623101 Life,Health,Disability Insur 22,286 20,693 21,305 21,934 24,127 26,540 29,194 32,114 35,325 38,857 42,743 397 401026 624101 Workers Compensation 46,712 42,343 58,756 60,523 62,339 64,209 66,135 68,119 70,163 72,268 74,436 398 401026 624103 Leave Payout 42,153 38,586 39,744 40,936 42,369 43,852 45,386 46,975 48,619 50,321 52,082 399 401026 622104 ICMA (401A) 12,718 12,877 13,260 13,654 13,654 13,654 13,654 13,654 13,654 13,654 13,654 400 401026 623102 Self-Insured Health Plan 229,110 254,814 273,280 286,944 315,638 347,202 381,922 420,115 462,126 508,339 559,173

Water Reclamation - Everest Plant - Operating401 401026 631303 Lab Serv ices 90,955 93,684 95,558 97,947 99,906 101,904 103,942 106,021 108,141 110,304 112,510 402 401026 631399 Other Professional Serv ices 40,000 126,000 75,000 76,000 78,280 80,628 83,047 85,539 88,105 90,748 93,470 403 401026 634103 Trash Removal 1,600 1,600 1,600 1,600 1,632 1,665 1,698 1,732 1,767 1,802 1,838 404 401026 634120 Outside Serv ices 65,000 66,950 68,289 69,996 72,796 75,708 78,736 81,885 85,161 88,567 92,110 405 401026 640105 Travel Costs 7,112 8,482 7,082 8,694 8,868 9,045 9,226 9,411 9,599 9,791 9,987 406 401026 641101 Communication Serv ice 3,645 3,754 3,829 3,925 4,004 4,084 4,165 4,249 4,334 4,420 4,509 407 401026 641102 Telephone Serv ice 4,039 4,160 4,243 4,349 4,436 4,525 4,615 4,707 4,802 4,898 4,996 408 401026 641104 Postage & Shipping 2,884 2,971 3,030 3,106 3,168 3,231 3,296 3,362 3,429 3,498 3,568 409 401026 643202 Electric 600,000 681,000 695,000 712,375 733,746 755,759 778,431 801,784 825,838 850,613 876,131 410 401026 644102 Equipment Rental/Leases 3,461 3,565 3,636 3,727 3,802 3,878 3,955 4,034 4,115 4,197 4,281 411 401026 644103 Copy & Fax Machine Rent/Lease 1,574 1,621 1,621 1,662 1,695 1,729 1,764 1,799 1,835 1,872 1,909 412 401026 644104 Uniforms/Linen/Mats Rent/Lease 8,581 8,838 9,015 9,240 9,425 9,613 9,806 10,002 10,202 10,406 10,614 413 401026 646102 Equip Repair/Maintenance 246,000 243,080 247,942 254,141 259,224 264,408 269,696 275,090 280,592 286,204 291,928 414 401026 646103 Building Maintenance 109,000 46,107 47,029 48,205 49,169 50,152 51,156 52,179 53,222 54,287 55,372 415 401026 646104 Diesel Fuel 3,000 2,500 2,563 2,627 2,706 2,787 2,871 2,957 3,045 3,137 3,231 416 401026 646106 Unleaded Fuel 12,500 10,000 10,250 10,506 10,821 11,146 11,480 11,825 12,179 12,545 12,921 417 401026 646107 Oil & Grease 4,000 3,000 2,000 3,000 3,060 3,121 3,184 3,247 3,312 3,378 3,446 418 401026 646108 Other Repairs & Maint. 8,000 8,240 8,240 8,446 8,615 8,787 8,963 9,142 9,325 9,512 9,702 419 401026 646109 Facilities Charges 88,240 45,000 46,125 47,278 48,224 49,188 50,172 51,175 52,199 53,243 54,308 420 401026 646109 OVERHEAD Facilities Charges Overhead 88,242 45,000 46,125 47,278 48,224 49,188 50,172 51,175 52,199 53,243 54,308 421 401026 646110 OVERHEAD Fleet Charges Overhead 7,409 7,595 7,747 7,941 8,100 8,262 8,427 8,596 8,768 8,943 9,122 422 401026 646110 Fleet Charges 23,903 24,500 24,990 25,615 26,127 26,650 27,183 27,726 28,281 28,847 29,424 423 401026 646124 Dyed Diesel Fuel 42,937 44,225 45,110 46,238 47,625 49,054 50,526 52,041 53,603 55,211 56,867 424 401026 647101 Printing 60 62 62 64 65 67 68 69 71 72 74 425 401026 649103 Various Fees 12,338 12,585 12,837 13,158 13,158 13,158 13,158 13,158 13,158 13,158 13,158 426 401026 652101 Office Supplies 5,000 5,191 5,295 5,427 5,536 5,646 5,759 5,874 5,992 6,112 6,234 427 401026 652113 Uniforms 3,632 3,741 3,816 3,911 3,989 4,069 4,150 4,233 4,318 4,404 4,493 428 401026 652114 Chemicals 298,260 275,000 281,875 288,922 294,700 300,594 306,606 312,738 318,993 325,373 331,881 429 401026 652115 Tools 10,000 5,665 10,000 10,250 10,455 10,664 10,877 11,095 11,317 11,543 11,774 430 401026 652116 Small Equipment 40,000 41,200 42,024 43,075 43,937 44,815 45,712 46,626 47,558 48,509 49,480 431 401026 652117 Janitorial Supplies 5,079 5,231 5,336 5,469 5,578 5,690 5,804 5,920 6,038 6,159 6,282 432 401026 652121 Computer Equip/Accessory 5,000 6,000 6,120 6,273 6,398 6,526 6,657 6,790 6,926 7,064 7,206 433 401026 652122 Computer Software/License 2,817 7,500 7,688 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 434 401026 652124 Safety Equipment 5,191 5,347 5,454 5,590 5,702 5,816 5,932 6,051 6,172 6,295 6,421 435 401026 652199 Other Operating Mat & Supplies 51,914 75,000 76,875 78,797 80,373 81,980 83,620 85,292 86,998 88,738 90,513 436 401026 654101 Books Pubs Subscrpt & Membrshp 3,000 3,060 3,121 3,199 3,263 3,328 3,395 3,463 3,532 3,603 3,675 437 401026 655101 Training & Seminars 5,025 6,025 4,525 6,176 6,300 6,426 6,554 6,685 6,819 6,955 7,094 438 401026 655102 In-House Training 7,238 7,238 7,238 7,421 7,569 7,721 7,875 8,033 8,193 8,357 8,524

Water Reclamation - Everest Plant - Capital Outlay - - - - - - - - - - - 439 401026 664101 Equipment 538,000 301,500 343,000 470,000 470,000 470,000 470,000 470,000 470,000 470,000 470,000 440 401026 662601 Improvements Other Than Bldgs 550,000 - - - - - - - - - - 441 TOTAL Reclamation - Everest Plant Department 5,121,092$ 4,356,480$ 4,474,888$ 4,721,780$ 4,860,205$ 5,004,772$ 5,155,877$ 5,313,953$ 5,479,466$ 5,652,925$ 5,834,882$



FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Water Reclamation - SW Plant - Personnel

442 401027 612001 Regular Salary 980,426$ 991,536$ 1,021,120$ 1,051,591$ 1,083,139$ 1,115,633$ 1,149,102$ 1,183,575$ 1,219,082$ 1,255,655$ 1,293,324$ 443 401027 612002 Longevity Salary 2,309 853 853 853 836 819 803 787 771 756 741 444 401027 614101 Overtime 150,000 159,750 164,942 170,302 175,411 180,673 186,094 191,676 197,427 203,349 209,450 445 401027 615101 Special Pay/Add Pay 6,630 6,630 6,630 6,630 6,829 7,034 7,245 7,462 7,686 7,917 8,154 446 401027 615104 Standby Pay 45,297 48,241 49,809 51,428 52,971 54,560 56,197 57,883 59,619 61,408 63,250 447 401027 615106 Shift Differential Pay 9,051 10,121 10,121 10,121 10,121 10,121 10,121 10,121 10,121 10,121 10,121 448 401027 621101 FICA Taxes 77,499 75,940 78,201 80,530 82,946 85,434 87,997 90,637 93,356 96,157 99,042 449 401027 621102 Medicare Taxes 18,123 17,762 18,288 18,833 19,398 19,980 20,579 21,197 21,833 22,488 23,162 450 401027 622101 General Retirement 81,967 94,476 97,302 100,213 103,219 106,316 109,505 112,791 116,174 119,660 123,249 451 401027 623101 Life,Health,Disability Insur 17,284 16,477 16,967 17,460 19,206 21,127 23,239 25,563 28,120 30,931 34,025 452 401027 624101 Workers Compensation 41,695 36,590 50,824 52,352 53,923 55,540 57,206 58,923 60,690 62,511 64,386 453 401027 624103 Leave Payout 56,274 40,160 41,365 42,606 44,097 45,641 47,238 48,891 50,603 52,374 54,207 454 401027 623102 Self-Insured Health Plan 171,159 181,637 194,800 204,540 224,994 247,493 272,243 299,467 329,414 362,355 398,591

Water Reclamation - SW Plant - Operating - - - - - - - - - - - 455 401027 631303 Lab Serv ices 93,845 90,000 92,250 94,556 96,447 98,376 100,344 102,350 104,397 106,485 108,615 456 401027 631399 Other Professional Serv ices 40,000 35,000 35,700 67,343 69,363 71,444 73,588 75,795 78,069 80,411 82,823 457 401027 634103 Trash Removal 1,000 1,000 1,020 1,046 1,067 1,088 1,110 1,132 1,155 1,178 1,202 458 401027 634104 Security Serv ices 26,352 27,143 27,686 28,378 28,946 29,524 30,115 30,717 31,332 31,958 32,597 459 401027 634120 Outside Serv ices 53,030 45,000 46,125 47,278 49,169 51,136 53,181 55,309 57,521 59,822 62,215 460 401027 640105 Travel Costs 8,322 9,652 6,932 9,893 10,091 10,293 10,499 10,709 10,923 11,141 11,364 461 401027 641101 Communication Serv ice 2,881 2,967 3,026 3,102 3,164 3,227 3,292 3,358 3,425 3,493 3,563 462 401027 641104 Postage & Shipping 2,800 2,884 2,942 3,016 3,076 3,138 3,201 3,265 3,330 3,397 3,464 463 401027 643202 Electric 700,000 755,000 773,875 793,222 817,019 841,529 866,775 892,778 919,562 947,149 975,563 464 401027 644102 Equipment Rental/Leases 2,800 2,884 2,942 3,016 3,076 3,138 3,201 3,265 3,330 3,397 3,464 465 401027 644103 Copy & Fax Machine Rent/Lease 1,518 1,564 1,595 1,635 1,668 1,701 1,735 1,770 1,805 1,841 1,878 466 401027 644104 Uniforms/Linen/Mats Rent/Lease 7,961 8,200 8,364 8,573 8,744 8,919 9,098 9,280 9,465 9,655 9,848 467 401027 641102 Telephone Serv ice 2,652 2,652 2,705 2,773 2,828 2,885 2,943 3,002 3,062 3,123 3,185 468 401027 646102 Equip Repair/Maintenance 204,000 206,000 210,120 215,373 219,680 224,074 228,556 233,127 237,789 242,545 247,396 469 401027 646103 Building Maintenance 126,394 30,000 30,600 31,365 31,992 32,632 33,285 33,950 34,629 35,322 36,029 470 401027 646106 Unleaded Fuel 4,634 4,773 4,868 4,990 5,140 5,294 5,453 5,616 5,785 5,958 6,137 471 401027 646107 Oil & Grease 10,416 6,000 6,000 6,000 6,120 6,242 6,367 6,495 6,624 6,757 6,892 472 401027 646108 Other Repairs & Maint. 10,558 10,875 11,093 11,370 11,597 11,829 12,066 12,307 12,553 12,804 13,061 473 401027 646109 Facilities Charges 6,027 6,148 6,271 6,428 6,557 6,688 6,821 6,958 7,097 7,239 7,384 474 401027 646109 OVERHEAD Facilities Charges Overhead 6,026 6,147 6,270 6,427 6,556 6,687 6,820 6,957 7,096 7,238 7,383 475 401027 646110 OVERHEAD Fleet Charges Overhead 1,389 1,425 1,454 1,490 1,520 1,550 1,581 1,613 1,645 1,678 1,712 476 401027 646110 Fleet Charges 4,483 4,595 4,687 4,804 4,900 4,998 5,098 5,200 5,304 5,410 5,518 477 401027 646124 Dyed Diesel Fuel 61,338 50,000 51,250 52,531 54,107 55,730 57,402 59,124 60,898 62,725 64,607 478 401027 647101 Printing 106 106 108 111 113 115 118 120 123 125 128 479 401027 649103 Various Fees 11,448 9,000 9,100 9,328 9,328 9,328 9,328 9,328 9,328 9,328 9,328 480 401027 652101 Office Supplies 3,000 3,090 3,152 3,231 3,296 3,362 3,429 3,497 3,567 3,639 3,711 481 401027 652113 Uniforms 2,850 2,850 2,907 2,980 3,040 3,100 3,162 3,226 3,290 3,356 3,423 482 401027 652114 Chemicals 293,260 250,000 256,250 262,656 267,909 273,267 278,733 284,307 289,993 295,793 301,709 483 401027 652115 Tools 4,223 5,000 5,100 5,228 5,333 5,439 5,548 5,659 5,772 5,888 6,005 484 401027 652116 Small Equipment 40,000 41,200 42,024 43,075 43,937 44,815 45,712 46,626 47,558 48,509 49,480 485 401027 652117 Janitorial Supplies 3,882 4,000 4,080 4,182 4,266 4,351 4,438 4,527 4,617 4,710 4,804 486 401027 652121 Computer Equip/Accessory 8,000 5,000 5,100 5,228 5,333 5,439 5,548 5,659 5,772 5,888 6,005 487 401027 652122 Computer Software/License 2,744 2,826 2,883 2,955 3,014 3,074 3,136 3,199 3,263 3,328 3,394 488 401027 652124 Safety Equipment 4,481 5,000 5,100 5,228 5,333 5,439 5,548 5,659 5,772 5,888 6,005 489 401027 652199 Other Operating Mat & Supplies 58,902 60,669 61,882 63,429 64,698 65,992 67,311 68,658 70,031 71,431 72,860 490 401027 654101 Books Pubs Subscrpt & Membrshp 1,339 1,379 1,407 1,442 1,471 1,500 1,530 1,561 1,592 1,624 1,656 491 401027 655101 Training & Seminars 5,629 6,629 4,579 6,795 6,931 7,070 7,211 7,355 7,502 7,652 7,805 492 401027 655102 In-House Training 7,275 7,275 7,275 7,459 7,608 7,760 7,916 8,074 8,235 8,400 8,568

Water Reclamation - SW Plant - Capital Outlay - - - - - - - - - - - 493 401027 664101 Equipment 92,500 273,500 453,500 284,500 284,500 284,500 284,500 284,500 284,500 284,500 284,500 494 TOTAL Reclamation - SW Plant Department 3,575,779$ 3,667,606$ 3,953,444$ 3,919,895$ 4,036,024$ 4,157,048$ 4,283,265$ 4,415,002$ 4,552,608$ 4,696,464$ 4,846,983$



FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Water Reclamation - Biosolids - Personnel

495 401028 612001 Regular Salary 141,214$ 155,731$ 160,403$ 165,215$ 170,171$ 175,277$ 180,535$ 185,951$ 191,529$ 197,275$ 203,194$ 496 401028 614101 Overtime 13,000 13,845 14,295 14,760 15,203 15,659 16,129 16,613 17,111 17,624 18,153 497 401028 621101 FICA Taxes 9,808 10,873 11,201 11,537 11,883 12,240 12,607 12,985 13,375 13,776 14,189 498 401028 621102 Medicare Taxes 2,294 2,543 2,619 2,697 2,778 2,861 2,947 3,035 3,127 3,220 3,317 499 401028 622101 General Retirement 13,715 15,204 15,661 16,133 16,617 17,115 17,629 18,158 18,703 19,264 19,842 500 401028 623101 Life,Health,Disability Insur 2,359 2,516 2,592 2,671 2,938 3,232 3,555 3,911 4,302 4,732 5,205 501 401028 624101 Workers Compensation 5,869 5,789 7,198 7,417 7,640 7,869 8,105 8,348 8,598 8,856 9,122 502 401028 624103 Leave Payout 2,806 4,968 5,117 5,271 5,455 5,646 5,844 6,049 6,260 6,479 6,706 503 401028 615101 Special Pay/Add Pay 1,300 1,300 1,300 1,300 1,339 1,379 1,421 1,463 1,507 1,552 1,599 504 401028 623102 Self-Insured Health Plan 26,955 32,261 34,599 36,329 39,962 43,958 48,354 53,189 58,508 64,359 70,795

Water Reclamation - Biosolids - Operating - - - - - - - - - - - 505 401028 631303 Lab Serv ices 18,000 18,540 18,911 19,384 19,772 20,167 20,570 20,982 21,402 21,830 22,266 506 401028 631399 Other Professional Serv ices 10,000 5,000 5,000 17,000 17,510 18,035 18,576 19,134 19,708 20,299 20,908 507 401028 634104 Security Serv ices 9,409 9,691 9,885 10,132 10,335 10,541 10,752 10,967 11,187 11,410 11,638 508 401028 634120 Outside Serv ices 396,398 435,000 445,875 457,022 475,303 494,315 514,088 534,651 556,037 578,279 601,410 509 401028 640105 Travel Costs 2,253 2,253 2,253 2,309 2,355 2,402 2,450 2,499 2,549 2,600 2,652 510 401028 641101 Communication Serv ice 507 522 532 545 556 567 578 590 602 614 626 511 401028 641104 Postage & Shipping 1,000 1,000 1,000 1,025 1,046 1,066 1,088 1,109 1,132 1,154 1,177 512 401028 643202 Electric 63,707 63,600 63,600 63,600 65,508 67,473 69,497 71,582 73,730 75,942 78,220 513 401028 644102 Equipment Rental/Leases 1,236 1,273 1,273 1,305 1,331 1,358 1,385 1,413 1,441 1,470 1,499 514 401028 644104 Uniforms/Linen/Mats Rent/Lease 805 829 846 867 884 902 920 938 957 976 996 515 401028 646102 Equip Repair/Maintenance 50,000 62,000 62,000 63,550 64,821 66,117 67,440 68,789 70,164 71,568 72,999 516 401028 646103 Building Maintenance 15,241 5,398 5,500 5,638 5,751 5,866 5,983 6,103 6,225 6,349 6,476 517 401028 646104 Diesel Fuel 1,882 1,938 1,938 - - - - - - - - 518 401028 646106 Unleaded Fuel 2,816 2,900 2,958 3,032 3,123 3,217 3,313 3,413 3,515 3,620 3,729 519 401028 646107 Oil & Grease 1,121 1,155 1,178 1,207 1,231 1,256 1,281 1,306 1,333 1,359 1,386 520 401028 646108 Other Repairs & Maint. 500 500 500 - - - - - - - - 521 401028 646110 Fleet Charges 6,470 6,632 6,765 6,934 7,073 7,214 7,358 7,506 7,656 7,809 7,965 522 401028 646110 OVERHEAD Fleet Charges Overhead 2,005 2,056 2,097 2,149 2,192 2,236 2,281 2,326 2,373 2,420 2,469 523 401028 647101 Printing 112 - - - - - - - - - - 524 401028 652101 Office Supplies 450 464 473 485 495 505 515 525 535 546 557 525 401028 652113 Uniforms 500 750 750 769 784 800 816 832 849 866 883 526 401028 652114 Chemicals 93,540 150,000 153,750 157,594 160,746 163,961 167,240 170,585 173,997 177,476 181,026 527 401028 652115 Tools 1,200 1,200 1,200 1,230 1,255 1,280 1,305 1,331 1,358 1,385 1,413 528 401028 652116 Small Equipment 10,000 10,000 5,000 5,125 5,228 5,332 5,439 5,547 5,658 5,772 5,887 529 401028 652117 Janitorial Supplies 300 300 300 308 314 320 327 333 340 347 354 530 401028 652124 Safety Equipment 559 600 600 615 627 640 653 666 679 693 706 531 401028 652199 Other Operating Mat & Supplies 1,121 1,155 1,178 1,207 1,231 1,256 1,281 1,306 1,333 1,359 1,386 532 401028 654101 Books Pubs Subscrpt & Membrshp 203 203 203 208 212 216 221 225 230 234 239 533 401028 655101 Training & Seminars 2,135 2,135 2,135 2,188 2,232 2,276 2,322 2,368 2,416 2,464 2,513 534 401028 655102 In-House Training 250 250 250 253 258 263 268 274 279 285 291 535 401028 664101 Equipment 10,000 25,000 70,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 536 TOTAL Reclamation - Biosolids Department 923,040$ 1,057,374$ 1,122,935$ 1,139,011$ 1,176,158$ 1,214,818$ 1,255,072$ 1,297,003$ 1,340,702$ 1,386,264$ 1,433,794$

Water Reclamation-Reuse - Personnel537 401029 612001 Regular Salary 338,584$ 360,994$ 371,824$ 382,978$ 394,467$ 406,301$ 418,490$ 431,045$ 443,976$ 457,296$ 471,015$ 538 401029 614101 Overtime 11,000 11,715 12,096 12,489 12,864 13,250 13,647 14,056 14,478 14,913 15,360 539 401029 615101 Special Pay/Add Pay 4,550 4,550 4,550 4,550 4,687 4,827 4,972 5,121 5,275 5,433 5,596 540 401029 615104 Standby Pay 15,750 16,774 17,319 17,882 18,418 18,971 19,540 20,126 20,730 21,352 21,993 541 401029 621101 FICA Taxes 23,910 24,920 25,660 26,424 27,217 28,033 28,874 29,740 30,633 31,552 32,498 542 401029 621102 Medicare Taxes 5,591 5,828 6,001 6,179 6,364 6,555 6,752 6,955 7,163 7,378 7,599 543 401029 622101 General Retirement 27,975 28,953 29,814 30,701 31,622 32,571 33,548 34,554 35,591 36,659 37,758 544 401029 623101 Life,Health,Disability Insur 5,971 6,017 6,193 6,378 7,016 7,717 8,489 9,338 10,272 11,299 12,429 545 401029 624101 Workers Compensation 17,002 16,523 18,847 19,407 19,989 20,589 21,207 21,843 22,498 23,173 23,868 546 401029 624103 Leave Payout 14,077 16,179 16,664 17,164 17,765 18,387 19,030 19,696 20,385 21,099 21,837 547 401029 623102 Self-Insured Health Plan 64,242 73,429 78,751 82,689 90,958 100,054 110,059 121,065 133,171 146,489 161,137



FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Water Reclamation-Reuse - Operating - - - - - - - - - - -

548 401029 631303 Lab Serv ices 10,000 10,000 10,250 10,506 10,716 10,930 11,149 11,372 11,599 11,831 12,068 549 401029 631399 Other Professional Serv ices 20,000 10,000 10,000 10,000 10,300 10,609 10,927 11,255 11,593 11,941 12,299 550 401029 634120 Outside Serv ices 2 13,751 13,800 14,076 14,428 15,005 1,915,605 1,992,230 2,071,919 2,154,795 2,240,987 2,330,627 551 401029 640105 Travel Costs 8,576 5,236 7,246 5,367 5,474 5,584 5,696 5,809 5,926 6,044 6,165 552 401029 641101 Communication Serv ice 3,840 3,955 4,034 4,135 4,218 4,302 4,388 4,476 4,565 4,657 4,750 553 401029 641104 Postage & Shipping 1,121 500 500 513 523 534 544 555 566 578 589 554 401029 643202 Electric 700,000 700,000 717,500 735,438 757,501 780,226 803,633 827,742 852,574 878,151 904,496 555 401029 644102 Equipment Rental/Leases 1,000 1,000 1,000 1,025 1,046 1,066 1,088 1,109 1,132 1,154 1,177 556 401029 644104 Uniforms/Linen/Mats Rent/Lease 1,433 1,476 1,506 1,544 1,575 1,606 1,639 1,671 1,705 1,739 1,774 557 401029 646102 Equip Repair/Maintenance 105,000 110,000 112,200 115,005 117,305 119,651 122,044 124,485 126,975 129,514 132,105 558 401029 646103 Building Maintenance 40,000 19,694 20,000 20,500 20,910 21,328 21,755 22,190 22,634 23,086 23,548 559 401029 646106 Unleaded Fuel 11,216 11,552 11,552 11,841 12,196 12,562 12,939 13,327 13,727 14,139 14,563 560 401029 646124 Dyed Diesel Fuel 8,000 8,240 8,405 8,615 8,873 9,140 9,414 9,696 9,987 10,287 10,595 561 401029 646107 Oil & Grease 2,000 2,060 2,060 2,112 2,154 2,197 2,241 2,286 2,332 2,378 2,426 562 401029 646108 Other Repairs & Maint. 6,500 6,695 6,695 6,862 6,999 7,139 7,282 7,428 7,576 7,728 7,882 563 401029 646110 Fleet Charges 11,145 11,424 11,652 11,943 12,182 12,425 12,674 12,927 13,186 13,450 13,719 564 401029 646110 OVERHEAD Fleet Charges Overhead 3,456 3,541 3,612 3,702 3,776 3,852 3,929 4,007 4,087 4,169 4,252 565 401029 647101 Printing 112 - - - - - - - - - - 566 401029 649103 Various Fees - 75 - 75 75 75 75 75 75 75 75 567 401029 652101 Office Supplies 448 560 560 574 585 597 609 621 634 646 659 568 401029 652113 Uniforms 900 900 900 923 941 960 979 999 1,019 1,039 1,060 569 401029 652114 Chemicals 250,000 210,000 215,250 220,631 225,044 229,544 234,135 238,818 243,594 248,466 253,436 570 401029 652115 Tools 3,000 4,000 4,000 4,100 4,182 4,266 4,351 4,438 4,527 4,617 4,710 571 401029 652116 Small Equipment 26,894 27,701 28,255 28,961 29,540 30,131 30,734 31,348 31,975 32,615 33,267 572 401029 652117 Janitorial Supplies 1,000 1,030 1,050 1,076 1,098 1,119 1,142 1,165 1,188 1,212 1,236 573 401029 652121 Computer Equip/Accessory 3,000 3,090 3,152 3,231 3,296 3,362 3,429 3,497 3,567 3,639 3,711 574 401029 652122 Computer Software/License 4,481 1,500 1,500 1,500 1,530 1,561 1,592 1,624 1,656 1,689 1,723 575 401029 652124 Safety Equipment 2,800 2,884 2,942 3,016 3,076 3,138 3,201 3,265 3,330 3,397 3,464 576 401029 652199 Other Operating Mat & Supplies 9,000 9,000 9,180 9,410 9,598 9,790 9,986 10,186 10,389 10,597 10,809 577 401029 654101 Books Pubs Subscrpt & Membrshp 3,500 3,500 3,570 3,659 3,732 3,807 3,883 3,961 4,040 4,121 4,203 578 401029 655101 Training & Seminars 4,155 2,300 3,155 2,357 2,404 2,452 2,501 2,551 2,602 2,654 2,707 579 401029 655102 In-House Training 2,000 2,550 2,000 2,612 2,664 2,718 2,772 2,827 2,884 2,942 3,000

Water Reclamation-Reuse - Capital Outlay - - - - - - - - - - - 580 401029 664101 Equipment 95,000 90,500 166,500 224,000 224,000 224,000 224,000 224,000 224,000 224,000 224,000 581 TOTAL Reclamation - Reuse Department 1,881,980$ 1,844,645$ 1,972,021$ 2,076,502$ 2,133,887$ 4,093,533$ 4,231,568$ 4,375,171$ 4,524,614$ 4,680,184$ 4,842,188$

Utility Field Services - Personnel582 401031 612001 Regular Salary 419,702$ 453,333$ 466,932$ 480,941$ 495,369$ 510,230$ 525,537$ 541,303$ 557,542$ 574,269$ 591,497$ 583 401031 614101 Overtime 633 633 633 633 652 672 692 712 734 756 779 584 401031 621101 FICA Taxes 26,740 28,981 29,841 30,712 31,633 32,582 33,560 34,567 35,604 36,672 37,772 585 401031 621102 Medicare Taxes 6,252 6,780 6,977 7,184 7,400 7,622 7,850 8,086 8,328 8,578 8,835 586 401031 622101 General Retirement 37,288 40,394 41,594 42,809 44,093 45,416 46,779 48,182 49,627 51,116 52,650 587 401031 623101 Life,Health,Disability Insur 7,017 7,351 7,570 7,795 8,575 9,432 10,375 11,413 12,554 13,809 15,190 588 401031 624101 Workers Compensation 18,831 20,154 20,754 21,363 22,004 22,664 23,344 24,044 24,766 25,509 26,274 589 401031 624103 Leave Payout 7,062 9,646 9,936 9,936 10,284 10,644 11,016 11,402 11,801 12,214 12,641 590 401031 623107 Opt Out Health Ins Subsidy 3,840 3,840 3,840 3,840 3,955 4,074 4,196 4,322 4,452 4,585 4,723 591 401031 623102 Self-Insured Health Plan 77,268 87,876 94,244 98,956 108,852 119,737 131,710 144,881 159,370 175,307 192,837

Utility Field Services - Operating - - - - - - - - - - - 592 401031 641101 Communication Serv ice 5,355 5,462 5,571 5,711 5,825 5,942 6,061 6,182 6,305 6,432 6,560 593 401031 643202 Electric 540 - 562 577 594 612 631 649 669 689 710 594 401031 643203 Water & Sewer 79 - 83 86 86 86 86 86 86 86 86 595 401031 644104 Uniforms/Linen/Mats Rent/Lease 1,792 1,828 1,864 1,911 1,949 1,988 2,028 2,069 2,110 2,152 2,195 596 401031 646106 Unleaded Fuel 49,038 50,019 51,019 54,081 55,703 57,375 59,096 60,869 62,695 64,576 66,513 597 401031 646110 Fleet Charges 24,152 24,635 25,128 25,757 26,272 26,798 27,334 27,880 28,438 29,007 29,587 598 401031 652113 Uniforms 1,289 1,315 1,341 1,375 1,403 1,431 1,459 1,488 1,518 1,548 1,579 599 401031 652115 Tools 3,212 3,277 3,343 3,427 3,496 3,565 3,637 3,709 3,784 3,859 3,937 600 401031 652116 Small Equipment 1,203 1,228 1,253 1,285 1,311 1,337 1,364 1,391 1,419 1,447 1,476 601 401031 652121 Computer Equip/Accessory 2,900 2,346 2,393 2,453 2,502 2,552 2,603 2,655 2,708 2,762 2,818 602 401031 652199 Other Operating Mat & Supplies - - - 238 243 248 253 258 263 268 273

Utility Field Services - Capital - - - - - - - - - - - 603 401031 664102 Vehicles 22,055 - - - - - - - - - - 604 TOTAL Utility Field Services Department 716,248$ 749,098$ 774,878$ 801,070$ 832,200$ 865,005$ 899,609$ 936,148$ 974,771$ 1,015,640$ 1,058,931$



FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028UEP Administration - Personnel

605 401032 612001 Regular Salary 706,286$ 727,476$ 749,298$ 771,777$ 794,930$ 818,778$ 843,342$ 868,642$ 894,701$ 921,542$ 949,188$ 606 401032 612002 Longevity Salary 1,643 1,643 1,643 1,692 1,658 1,625 1,592 1,561 1,529 1,499 1,469 607 401032 614101 Overtime 215,000 160,000 160,000 160,000 164,800 169,744 174,836 180,081 185,484 191,048 196,780 608 401032 615101 Special Pay/Add Pay 2,270 2,270 2,270 2,270 2,338 2,408 2,480 2,555 2,632 2,710 2,792 609 401032 621101 FICA Taxes 44,033 45,346 46,698 48,099 49,542 51,028 52,559 54,136 55,760 57,433 59,156 610 401032 621102 Medicare Taxes 10,297 10,604 10,921 11,249 11,586 11,934 12,292 12,661 13,041 13,432 13,835 611 401032 622101 General Retirement 54,993 56,636 58,328 60,078 61,880 63,737 65,649 67,618 69,647 71,736 73,888 612 401032 623101 Life,Health,Disability Insur 11,763 12,114 12,474 12,848 14,133 15,546 17,101 18,811 20,692 22,761 25,037 613 401032 624101 Workers Compensation 49,537 51,010 52,528 54,104 55,727 57,399 59,121 60,895 62,721 64,603 66,541 614 401032 624103 Leave Payout 26,619 27,418 28,240 29,087 30,105 31,159 32,249 33,378 34,546 35,755 37,007 615 401032 623102 Self-Insured Health Plan 91,641 97,691 97,691 100,622 110,684 121,753 133,928 147,321 162,053 178,258 196,084

UEP Administration - Operating - - - - - - - - - - - 616 401032 631304 Legal Serv ices 30,000 50,000 100,000 100,000 103,000 106,090 109,273 112,551 115,927 119,405 122,987 617 401032 631312 Accounting & Auditing 50,000 30,000 50,000 50,000 51,000 52,020 53,060 54,122 55,204 56,308 57,434 618 401032 631399 Other Professional Serv ices 50,000 50,000 50,000 50,000 51,500 53,045 54,636 56,275 57,964 59,703 61,494 619 401032 634104 Security Serv ices 25,000 25,000 25,000 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 620 401032 640101 Food And Mileage (City) 1,000 1,500 1,500 1,500 1,530 1,561 1,592 1,624 1,656 1,689 1,723 621 401032 640105 Travel Costs 2,000 2,000 2,000 2,000 2,040 2,081 2,122 2,165 2,208 2,252 2,297 622 401032 640104 Recruitment Travel 1,500 1,000 - - - - - - - - - 623 401032 641101 Communication Serv ice 2,650 2,650 2,650 2,650 2,703 2,757 2,812 2,868 2,926 2,984 3,044 624 401032 641102 Telephone Serv ice 1,000 1,000 1,000 1,000 1,020 1,040 1,061 1,082 1,104 1,126 1,149 625 401032 641104 Postage & Shipping 6,000 24,000 6,000 12,000 12,240 12,485 12,734 12,989 13,249 13,514 13,784 626 401032 643202 Electric 5,557 5,668 5,781 5,897 6,074 6,256 6,444 6,637 6,836 7,041 7,253 627 401032 643203 Water & Sewer 818 818 859 881 881 881 881 881 881 881 881 628 401032 644103 Copy & Fax Machine Rent/Lease 1,800 1,800 1,800 1,800 1,836 1,873 1,910 1,948 1,987 2,027 2,068 629 401032 646102 Equip Repair/Maintenance 500 500 500 500 510 520 531 541 552 563 574 630 401032 646106 Unleaded Fuel 25,000 25,000 25,000 25,000 25,750 26,523 27,318 28,138 28,982 29,851 30,747 631 401032 646109 Facilities Charges 1,700 1,734 1,786 1,840 1,877 1,914 1,953 1,992 2,032 2,072 2,114 632 401032 646109 OVERHEAD Facilities Charges Overhead 1,788 1,824 1,879 1,935 1,974 2,013 2,053 2,095 2,136 2,179 2,223 633 401032 646110 OVERHEAD Fleet Charges Overhead 2,078 2,597 2,597 2,800 2,856 2,913 2,971 3,031 3,091 3,153 3,216 634 401032 646110 Fleet Charges 7,000 5,280 6,920 5,280 5,386 5,493 5,603 5,715 5,830 5,946 6,065 635 401032 647101 Printing 6,000 24,000 6,000 12,000 12,240 12,485 12,734 12,989 13,249 13,514 13,784 636 401032 648101 Advertising 1,000 1,000 10,000 1,000 1,020 1,040 1,061 1,082 1,104 1,126 1,149 637 401032 652124 Safety Equipment 5,000 5,000 5,000 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 638 401032 649103 Various Fees 8,000 7,000 20,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 639 401032 652101 Office Supplies 6,000 6,000 6,000 6,000 6,120 6,242 6,367 6,495 6,624 6,757 6,892 640 401032 652113 Uniforms 4,350 4,350 4,350 4,350 4,437 4,526 4,616 4,709 4,803 4,899 4,997 641 401032 652115 Tools 3,000 5,000 5,000 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 642 401032 652116 Small Equipment 10,000 8,000 8,000 8,000 8,160 8,323 8,490 8,659 8,833 9,009 9,189 643 401032 652121 Computer Equip/Accessory 10,000 10,000 10,000 10,000 10,200 10,404 10,612 10,824 11,041 11,262 11,487 644 401032 652122 Computer Software/License 13,050 13,050 10,000 10,000 10,200 10,404 10,612 10,824 11,041 11,262 11,487 645 401032 652199 Other Operating Mat & Supplies 15,000 15,000 15,000 15,000 15,300 15,606 15,918 16,236 16,561 16,892 17,230 646 401032 654101 Books Pubs Subscrpt & Membrshp 2,000 2,000 2,000 2,000 2,040 2,081 2,122 2,165 2,208 2,252 2,297 647 401032 655101 Training & Seminars 5,000 5,000 5,000 5,000 5,100 5,202 5,306 5,412 5,520 5,631 5,743 648 401032 655102 In-House Training 2,000 2,000 2,000 2,000 2,040 2,081 2,122 2,165 2,208 2,252 2,297 649 TOTAL UEP Administration Department 1,519,873$ 1,531,979$ 1,613,713$ 1,614,259$ 1,668,718$ 1,725,576$ 1,784,986$ 1,847,110$ 1,912,125$ 1,980,223$ 2,051,613$

WSCP Procurment - Personnel650 401033 612001 Regular Salary 90,854$ 107,206$ 110,422$ 113,734$ 117,146$ 120,660$ 124,280$ 128,009$ 131,849$ 135,804$ 139,878$ 651 401033 621101 FICA Taxes 5,632 6,647 6,846 7,051 7,263 7,480 7,705 7,936 8,174 8,419 8,672 652 401033 621102 Medicare Taxes 1,318 1,555 1,601 1,649 1,698 1,749 1,802 1,856 1,912 1,969 2,028 653 401033 622101 General Retirement 7,878 9,295 9,574 9,861 10,157 10,462 10,775 11,099 11,432 11,775 12,128 654 401033 623101 Life,Health,Disability Insur 1,506 1,723 1,776 1,828 2,011 2,212 2,433 2,676 2,944 3,238 3,562 655 401033 624101 Workers Compensation 230 246 254 262 270 278 286 295 304 313 322 656 401033 623102 Self-Insured Health Plan 20,664 21,969 23,561 24,739 27,213 29,934 32,928 36,220 39,842 43,827 48,209 657 TOTAL UEP Administration Department 128,082$ 148,641$ 154,034$ 159,124$ 165,757$ 172,776$ 180,209$ 188,091$ 196,456$ 205,345$ 214,800$



FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Water&Sewer Fleet Replacement

658 401750 664101 ADD Equipment - Additional 10,000$ 766,389$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 659 401750 664101 RPL Equipment - Replacement 152,000 39,000 43,500 - - - - - - - - 660 401750 664102 ADD Vehicles - Additional 115,000 - - - - - - - - - - 661 401750 664102 RPL Vehicles - Replacement 183,165 243,000 426,000 652,000 668,300 685,008 702,133 719,686 737,678 756,120 775,023 662 TOTAL Water & Sewer Fleet Replacement Department 460,165$ 1,048,389$ 469,500$ 652,000$ 668,300$ 685,008$ 702,133$ 719,686$ 737,678$ 756,120$ 775,023$

Debt Service Expenses Revenue Bonds

663 Water and Sewer Revenue Bonds, Series 2011 2,522,500$ 2,526,750$ 2,530,000$ 2,525,250$ -$ -$ -$ -$ -$ -$ -$ 664 Water and Sewer Revenue Bonds, Series 2011A 1,961,200 1,960,400 1,957,000 1,958,250 - - - - - - - 665 Water and Sewer Revenue Bonds, Series 2013 2,174,816 - - - - - - - - - - 666 Water and Sewer Revenue Bonds, Series 2015 3,393,900 3,393,900 3,393,900 3,393,900 3,393,900 3,393,900 3,393,900 3,393,900 3,393,900 3,393,900 3,393,900 667 Water and Sewer Revenue Bonds, Series 2015A 6,571,134 8,969,916 8,967,923 8,972,450 8,968,440 8,966,088 8,969,951 8,966,950 8,964,950 8,965,900 8,969,163 668 Water and Sewer Revenue Bonds, Series 2017 8,426,860 11,071,788 11,071,788 11,071,788 15,606,788 15,605,038 15,602,038 15,597,288 15,605,288 15,604,788 15,600,538 669 N2 - Interest Costs on Interim Financing (Line of Credit) - 400,000 1,600,000 - - - - - - - - 670 N1 - Interest Costs on Interim Financing (Line of Credit) - - - 400,000 800,000 - - - - - -

SRF Debt671 SRF 67516P 170,410 170,410 170,410 170,410 170,411 170,410 170,409 - - - - 672 SRF - 67516L-01 49,061 49,061 49,061 49,060 49,061 49,060 - - - - - 673 SRF 67516L-02 196,209 196,209 196,209 196,209 196,208 196,209 196,209 98,104 - - - 674 SW 67 SRF Loan Agreement - DW360103 21,110 21,110 21,110 21,110 21,110 21,110 21,110 21,110 21,110 21,110 21,110 675 SW 67 SRF Loan Agreement - WW360100 781,961 781,961 781,961 781,961 781,961 781,961 781,961 781,961 781,961 781,961 781,961 676 N2 SRF Loan - - 5,458,201 5,458,201 5,458,201 5,458,201 5,458,201 5,458,201 5,458,201 5,458,201 5,458,201 677 N1 Revenue Bonds - - - - - 2,381,076 2,381,076 2,381,076 2,381,076 2,381,076 2,381,076 678 TOTAL - Debt Service Outflows 26,269,161$ 29,541,504$ 36,197,562$ 34,998,588$ 35,446,079$ 37,023,052$ 36,974,854$ 36,698,589$ 36,606,485$ 36,606,935$ 36,605,948$

679 Summary of Expenditures by Type680 Total Personnel Services Expense Projection 28,203,491$ 29,536,749$ 30,619,942$ 31,496,142$ 32,599,681$ 33,761,401$ 34,985,640$ 36,277,127$ 37,641,016$ 39,082,935$ 40,609,022$ 681 Execution Percentage 91% 93% 93% 93% 93% 93% 93% 93% 93% 93% 93%682 Net Personnel Services Expense Forecast 25,665,177$ 27,469,177$ 28,476,546$ 29,291,412$ 30,317,703$ 31,398,103$ 32,536,645$ 33,737,728$ 35,006,145$ 36,347,129$ 37,766,391$

683 Total Variable O&M Expense Projection 6,387,217$ 5,727,201$ 5,579,732$ 5,677,149$ 5,834,347$ 5,995,999$ 6,162,232$ 6,333,180$ 6,508,978$ 6,689,766$ 6,875,688$ 684 Execution Percentage 75% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80%685 Net Variable O&M Expense Forecast 4,790,413$ 4,581,761$ 4,463,786$ 4,541,719$ 4,667,478$ 4,796,799$ 4,929,786$ 5,066,544$ 5,207,182$ 5,351,813$ 5,500,550$

686 Total Fixed O&M Expense Projection 19,848,205$ 20,400,535$ 20,408,776$ 20,756,873$ 21,110,079$ 23,372,570$ 23,820,616$ 24,281,535$ 24,755,735$ 25,243,637$ 25,745,680$ 687 Execution Percentage 80% 85% 85% 85% 85% 85% 85% 85% 85% 85% 85%688 Net Fixed O&M Expense Forecast 15,878,564$ 17,340,455$ 17,347,460$ 17,643,342$ 17,943,567$ 19,866,684$ 20,247,524$ 20,639,305$ 21,042,374$ 21,457,092$ 21,883,828$

689 Total Minor Capital Outlay Expense Projection 4,637,149$ 5,278,042$ 2,756,264$ 2,975,928$ 2,992,228$ 3,008,936$ 3,026,061$ 3,043,614$ 3,061,606$ 3,080,048$ 3,098,951$ 690 Execution Percentage 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%691 Net Minor Capital Outlay Expense Forecast 4,637,149$ 5,278,042$ 2,756,264$ 2,975,928$ 2,992,228$ 3,008,936$ 3,026,061$ 3,043,614$ 3,061,606$ 3,080,048$ 3,098,951$

692 Annual Debt Service 26,269,161$ 29,541,504$ 36,197,562$ 34,998,588$ 35,446,079$ 37,023,052$ 36,974,854$ 36,698,589$ 36,606,485$ 36,606,935$ 36,605,948$

693 TOTAL CASH OUTFLOWS 77,240,464$ 84,210,938$ 89,241,618$ 89,450,990$ 91,367,055$ 96,093,574$ 97,714,870$ 99,185,780$ 100,923,793$ 102,843,017$ 104,855,668$

1 Future projections of cost requirements were based upon the amounts identified in the FY 2018 Approved Budget (including the projected amounts for FY 2019, FY 2020 and FY 2021 as identified in the respective Proposed Budgets) and were escalated starting in FY 2022 by cost escalation factors as shown on Schedule 2. 2 $1,900,000 increase in FY 2022 represents incremental operating and maintenance costs for the purchase of reclaimed water from the City of Fort Myers

Schedule 7: FAMS-XL Control Panel Appendix A: Supporting Schedules


Blue bars reflect the results from FY 2018 Revenue Sufficiency Analysis (RSA) while green bars reflect results from FY 2017 RSA.

FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 20280.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%1.51 1.32 1.46 1.53 1.55 1.48 1.53 1.56 1.58 1.61 1.63 PS FY19 ► 93.0%1.24 1.25 1.37 1.42 1.34 1.37 1.39 1.40 1.41 1.41 0.00 OMV FY19 ► 80.0%10.38 5.55 1.55 2.09 2.05 2.17 2.44 2.66 2.82 2.94 3.05 OMF FY19 ► 85.0%4.37 2.54 1.53 1.62 1.60 1.77 1.81 2.00 2.05 2.09 0.00 SW 6/7 Y

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 North 1 Y80% 85% 90% 95% 95% 100% 100% 100% 100% 100% 100% North 2 Y80% 85% 90% 95% 95% 100% 100% 100% 100% 100% 100% North 3 N

6 6 6 6 6 6 6 6 6 6 6 North 4 N

Water $36.82 $36.82 36.82 36.82 36.82 36.82 36.82 36.82 36.82 36.82 36.82 36.82 North 5 NIrrigation $9.50 $9.50 9.50 9.50 9.50 9.50 9.50 9.50 9.50 9.50 9.50 9.50 North 6 N

Sewer $66.27 $66.27 66.27 66.27 66.27 66.27 66.27 66.27 66.27 66.27 66.27 66.27 North 7 NAverage Bill (5,000 gals.) $112.59 112.59 112.59 112.59 112.59 112.59 112.59 112.59 112.59 112.59 112.59 North 8 N

$112.59 112.59 112.59 112.59 112.59 112.59 112.59 112.59 112.59 112.59 0.00 Check -$ Last Plan

CIP Execution % (NON UEP ONLY)►

Last Plan

Operating Reserve Mo ►

Rate Covenant

SRF Coverage

CIP $ Redistribution ►

Net CIP Funding % ►

FINANCIAL ANALYSIS AND MANAGEMENT SYSTEM (FAMS) SUMMARY

Water Rate Increases

Last Plan

Cumulative Change

Last Plan

Last Plan

Sewer Rate Increases

0

50

100

150

18 19 20 21 22 23 24 25 26 27 28

Mill

ions

($)

Revenue Vs. Expenses Cash In Cash Out Cash Out Excl. CIP

020406080

100120

18 19 20 21 22 23 24 25 26 27 28

Mill

ions

($)

Capital Spending Current Plan Last Plan

0

20

40

60

80

18 19 20 21 22 23 24 25 26 27 28

Mill

ions

($)

Long Term Borrowing Current Plan Last Plan

SAVE CALC

0

20

40

60

80

18 19 20 21 22 23 24 25 26 27 28

Mill

ions

($)

CIP Funding Debt Operating Capital Funds Impact Fees

0

20

40

60

80

17 18 19 20 21 22 23 24 25 26 27 28

Mill

ions

($)

Operating Fund Current Plan Last Plan Target

ROLL

0

20

40

60

80

18 19 20 21 22 23 24 25 26 27 28

Mill

ions

($)

SRF Borrowing Last Plan Current Plan

Schedule 8: Pro Forma Appendix A: Supporting Schedules



1 Water Rate Revenue2 Revenue Generated From Admin/Customer Charges3 Base Rate Revenue 14,225,551$ 14,225,551$ 14,529,586$ 15,282,268$ 15,769,588$ 16,126,078$ 16,873,103$ 17,400,845$ 17,817,401$ 18,248,563$ 18,695,565$ 4 Additional Rate Revenue From Partial PY Rate Increase - - - - - - - - - - - 5 Additional Rate Revenue From Growth - 304,035 752,682 487,320 356,490 747,025 527,741 416,557 431,162 447,001 464,692 6 Subtotal: Base Revenue With Growth 14,225,551 14,529,586 15,282,268 15,769,588 16,126,078 16,873,103 17,400,845 17,817,401 18,248,563 18,695,565 19,160,257 7 Proposed Water Rate Increase - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%8 Additional Rate Revenue From Rate Increase - - - - - - - - - - - 9 Total Revenue Generated from Admin/Customer Charge 14,225,551$ 14,529,586$ 15,282,268$ 15,769,588$ 16,126,078$ 16,873,103$ 17,400,845$ 17,817,401$ 18,248,563$ 18,695,565$ 19,160,257$

10 Revenue Generated From Usage Rates11 Base Rate Revenue 15,727,172 15,727,172 16,063,300 16,895,434 17,434,194 17,828,315 18,654,194 19,237,643 19,698,171 20,174,845 20,669,031 12 Additional Rate Revenue From Partial PY Rate Increase - - - - - - - - - - - 13 Additional Rate Revenue From Growth - 336,128 832,134 538,760 394,121 825,880 583,449 460,528 476,675 494,186 513,744 14 Weather Normalization And Other Adjustments - - - - - - - - - - - 15 Subtotal: Base Revenue With Growth 15,727,172 16,063,300 16,895,434 17,434,194 17,828,315 18,654,194 19,237,643 19,698,171 20,174,845 20,669,031 21,182,775 16 Proposed Water Rate Increase - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%17 Additional Rate Revenue From Rate Increase - - - - - - - - - - - 18 Price Elasticity Adjustment - - - - - - - - - - - 19 Total Water Usage Rate Revenue 15,727,172$ 16,063,300$ 16,895,434$ 17,434,194$ 17,828,315$ 18,654,194$ 19,237,643$ 19,698,171$ 20,174,845$ 20,669,031$ 21,182,775$

20 Irrigation Rate Revenue21 Revenue Generated From Admin/Customer Charges22 Base Rate Revenue 5,262,945 5,262,945 5,388,147 5,771,205 5,997,579 6,146,236 6,517,879 6,759,734 6,935,599 7,118,033 7,307,555 23 Additional Rate Revenue From Partial PY Rate Increase - - - - - - - - - - - 24 Additional Rate Revenue From Growth - 125,201 383,058 226,374 148,657 371,643 241,855 175,866 182,433 189,522 197,549 25 Subtotal: Base Revenue With Growth 5,262,945 5,388,147 5,771,205 5,997,579 6,146,236 6,517,879 6,759,734 6,935,599 7,118,033 7,307,555 7,505,105 26 Proposed I rrigation Rate Increase - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%27 Additional Rate Revenue From Rate Increase - - - - - - - - - - - 28 Total Revenue Generated From Admin/Customer Charge 5,262,945$ 5,388,147$ 5,771,205$ 5,997,579$ 6,146,236$ 6,517,879$ 6,759,734$ 6,935,599$ 7,118,033$ 7,307,555$ 7,505,105$

29 Revenue Generated From Usage Rates30 Base Rate Revenue 793,164 793,164 793,164 793,164 793,164 793,164 793,164 793,164 793,164 793,164 793,164 31 Additional Rate Revenue From Partial PY Rate Increase - - - - - - - - - - - 32 Additional Rate Revenue From Growth - - - - - - - - - - - 33 Weather Normalization And Other Adjustments - - - - - - - - - - - 34 Subtotal: Base Revenue With Growth 793,164 793,164 793,164 793,164 793,164 793,164 793,164 793,164 793,164 793,164 793,164 35 Proposed I rrigation Rate Increase - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%36 Additional Rate Revenue From Rate Increase - - - - - - - - - - - 37 Price Elasticity Adjustment - - - - - - - - - - - 38 Total Irrigation Usage Rate Revenue 793,164$ 793,164$ 793,164$ 793,164$ 793,164$ 793,164$ 793,164$ 793,164$ 793,164$ 793,164$ 793,164$

39 Sewer Rate Revenue40 Revenue Generated From Admin/Customer Charges41 Base Rate Revenue 16,891,178 16,891,178 17,255,825 18,222,586 18,828,400 19,255,961 20,210,385 20,862,829 21,362,431 21,879,550 22,415,666 42 Additional Rate Revenue From Partial PY Rate Increase - - - - - - - - - - - 43 Additional Rate Revenue From Growth - 364,648 966,761 605,814 427,561 954,425 652,443 499,602 517,119 536,116 557,334 44 Other Revenue Adjustments - - - - - - - - - - - 45 Subtotal: Base Revenue With Growth 16,891,178 17,255,825 18,222,586 18,828,400 19,255,961 20,210,385 20,862,829 21,362,431 21,879,550 22,415,666 22,973,000 46 Proposed Sewer Rate Increase - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%47 Additional Rate Revenue From Rate Increase - - - - - - - - - - - 48 Total Revenue Generated from Admin/Customer Charge 16,891,178$ 17,255,825$ 18,222,586$ 18,828,400$ 19,255,961$ 20,210,385$ 20,862,829$ 21,362,431$ 21,879,550$ 22,415,666$ 22,973,000$

49 Revenue Generated From Usage Rates50 Base Rate Revenue 29,256,437 29,256,437 29,888,026 31,562,508 32,611,811 33,352,369 35,005,485 36,135,552 37,000,890 37,896,568 38,825,150 51 Additional Rate Revenue From Partial PY Rate Increase - - - - - - - - - - - 52 Additional Rate Revenue From Growth - 631,590 1,674,482 1,049,302 740,558 1,653,116 1,130,067 865,338 895,678 928,582 965,332 53 Weather Normalization And Other Adjustments - - - - - - - - - - - 54 Subtotal: Base Revenue With Growth 29,256,437 29,888,026 31,562,508 32,611,811 33,352,369 35,005,485 36,135,552 37,000,890 37,896,568 38,825,150 39,790,483 55 Proposed Sewer Rate Increase - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%56 Additional Rate Revenue From Rate Increase - - - - - - - - - - - 57 Price Elasticity Adjustment - - - - - - - - - - - 58 Total Sewer Usage Rate Revenue 29,256,437$ 29,888,026$ 31,562,508$ 32,611,811$ 33,352,369$ 35,005,485$ 36,135,552$ 37,000,890$ 37,896,568$ 38,825,150$ 39,790,483$

Schedule 8: Pro Forma Appendix A: Supporting Schedules


FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 202859 Water, Irrigation & Sewer Rate Revenue60 Base Rate Revenue 82,156,446$ 82,156,446$ 83,918,048$ 88,527,165$ 91,434,735$ 93,502,122$ 98,054,211$ 101,189,766$ 103,607,656$ 106,110,723$ 108,706,131$ 61 Additional Rate Revenue From Partial PY Rate Increase - - - - - - - - - - - 62 Additional Rate Revenue From Growth - 1,761,602 4,609,117 2,907,570 2,067,387 4,552,088 3,135,555 2,417,890 2,503,067 2,595,408 2,698,652 63 Weather Normalization And Other Adjustments - - - - - - - - - - - 64 Subtotal: Base Revenue With Growth 82,156,446 83,918,048 88,527,165 91,434,735 93,502,122 98,054,211 101,189,766 103,607,656 106,110,723 108,706,131 111,404,783 65 Weighted Average Rate Increase - 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%66 Additional Rate Revenue From Rate Increase - - - - - - - - - - - 67 Price Elasticity Adjustment - - - - - - - - - - - 68 Total Rate Revenue 82,156,446$ 83,918,048$ 88,527,165$ 91,434,735$ 93,502,122$ 98,054,211$ 101,189,766$ 103,607,656$ 106,110,723$ 108,706,131$ 111,404,783$ 69 Plus: Other Operating Revenue - - - - - - - - - - - 70 Equals: Total Operating Revenue 82,156,446$ 83,918,048$ 88,527,165$ 91,434,735$ 93,502,122$ 98,054,211$ 101,189,766$ 103,607,656$ 106,110,723$ 108,706,131$ 111,404,783$

71 Less: Operating Expenses72 Personnel Services (25,665,177) (27,469,177) (28,476,546) (29,291,412) (30,317,703) (31,398,103) (32,536,645) (33,737,728) (35,006,145) (36,347,129) (37,766,391) 73 Variable O&M (4,790,413) (4,581,761) (4,463,786) (4,541,719) (4,667,478) (4,796,799) (4,929,786) (5,066,544) (5,207,182) (5,351,813) (5,500,550) 74 Fixed O&M (15,878,564) (17,340,455) (17,347,460) (17,643,342) (17,943,567) (19,866,684) (20,247,524) (20,639,305) (21,042,374) (21,457,092) (21,883,828) 75 Equals: Net Operating Income 35,822,292$ 34,526,656$ 38,239,374$ 39,958,262$ 40,573,375$ 41,992,624$ 43,475,811$ 44,164,079$ 44,855,021$ 45,550,097$ 46,254,014$

76 Plus: Non-Operating Income/(Expense)77 Non-Operating Revenue 1,608,884 2,103,448 2,134,788 2,163,792 2,192,137 2,252,591 2,288,674 2,322,180 2,357,119 2,393,598 2,431,747 78 Interest 275,286 270,818 408,746 557,852 535,891 608,069 731,386 787,519 804,845 790,128 774,917 79 Water Impact Fees 3,520,754 3,161,482 5,944,666 4,928,920 4,990,960 6,026,223 5,178,835 5,247,475 3,668,797 3,724,237 3,782,317 80 Sewer Impact Fees 9,519,618 8,248,216 15,187,446 12,639,664 12,785,928 14,839,063 12,676,223 12,838,047 8,891,614 9,022,318 9,159,246 81 Irrigation Impact Fees 4,733,733 3,231,669 8,432,301 6,483,549 6,569,315 10,363,088 8,715,287 8,812,643 5,827,333 5,903,827 5,984,957 82 Water Betterment Fees 264,828 221,280 226,080 237,760 245,280 250,880 262,400 270,720 277,120 283,840 290,880 83 Sewer Betterment Fees 582,253 449,475 459,225 482,950 498,225 509,600 533,000 549,900 562,900 576,550 590,850 84 Irrigation Betterment Fees 210,480 132,720 135,600 142,680 147,120 150,480 157,440 162,480 166,320 170,280 174,480 85 SRF Loan Proceeds - - - - - - - - - - - 86 Transfers In (Grant River Crossing) 790,135 1,115,000 - - - - - - - - - 87 Equals: Net Income 57,328,264$ 53,460,765$ 71,168,226$ 67,595,429$ 68,538,231$ 76,992,618$ 74,019,056$ 75,155,043$ 67,411,070$ 68,414,876$ 69,443,409$

88 Less: Revenues Excluded From Coverage Test89 System Development Fees (17,774,105) (14,641,367) (29,564,412) (24,052,133) (24,346,203) (31,228,373) (26,570,345) (26,898,165) (18,387,745) (18,650,383) (18,926,521) 90 Betterment Fees (1,057,561) (803,475) (820,905) (863,390) (890,625) (910,960) (952,840) (983,100) (1,006,340) (1,030,670) (1,056,210) 91 Transfers In (Grant River Crossing) (790,135) (1,115,000) - - - - - - - - - 92 Equals: Net Income Available For Debt Service 37,706,462$ 36,900,922$ 40,782,908$ 42,679,905$ 43,301,402$ 44,853,285$ 46,495,871$ 47,273,778$ 48,016,985$ 48,733,823$ 49,460,678$

93 Debt Service Coverage Test94 Existing Debt Service 25,050,410 27,922,754 27,920,611 27,921,638 27,969,128 27,965,026 27,965,889 27,958,138 27,964,138 27,964,588 27,963,601 95 Cumulative New Debt Service - 0 0 0 0 2,381,076 2,381,076 2,381,076 2,381,076 2,381,076 2,381,076 96 Total Conventional Debt Service Target / Req. 25,050,410 27,922,754 27,920,611 27,921,638 27,969,128 30,346,101 30,346,964 30,339,213 30,345,213 30,345,663 30,344,676 97 Calculated Debt Service Coverage 1.5/1.25 2 1.32 1.46 1.53 1.55 1.48 1.53 1.56 1.58 1.61 1.6398 Calculated Debt Service Coverage (Test II - w/ Imp 1.5/1.25 2 1.85 2.52 2.39 2.42 2.51 2.41 2.44 2.19 2.22 2.2599 Net Income Available For Debt Service 37,706,462 36,900,922 40,782,908 42,679,905 43,301,402 44,853,285 46,495,871 47,273,778 48,016,985 48,733,823 49,460,678

100 Less: Total Senior Lien Debt Service & Req. Coverage (25,050,410) (27,922,754) (27,920,611) (27,921,638) (27,969,128) (30,346,101) (30,346,964) (30,339,213) (30,345,213) (30,345,663) (30,344,676) 101 Equals: Net Income Available For SRF Debt Service 12,656,052 8,978,169 12,862,298 14,758,268 15,332,275 14,507,184 16,148,907 16,934,565 17,671,772 18,388,160 19,116,002 102 SRF Debt Service 1,218,751 1,618,751 8,276,952 7,076,951 7,476,952 6,676,951 6,627,890 6,359,376 6,261,272 6,261,272 6,261,272 103 Calculated SRF Debt Coverage 1.5/1.15 10 5.55 1.55 2.09 2.05 2.17 2.44 2.66 2.82 2.94 3.05104 Cash Flow Test105 Net Income Available For Debt Service 37,706,462 36,900,922 40,782,908 42,679,905 43,301,402 44,853,285 46,495,871 47,273,778 48,016,985 48,733,823 49,460,678 106 Net Interfund Transfers (In - Out) 790,135 1,115,000 - - - - - - - - - 107 Net Debt Service (Debt Service - Impact Fee Payment) (13,613,178) (21,293,288) (21,142,322) (24,456,035) (21,495,772) (14,902,679) (16,068,641) (17,448,607) (24,227,947) (24,193,314) (24,608,114) 108 Capital Outlay (4,637,149) (5,278,042) (2,756,264) (2,975,928) (2,992,228) (3,008,936) (3,026,061) (3,043,614) (3,061,606) (3,080,048) (3,098,951) 109 Net Cash Flow 20,246,270$ 11,444,592$ 16,884,322$ 15,247,943$ 18,813,402$ 26,941,671$ 27,401,169$ 26,781,557$ 20,727,432$ 21,460,461$ 21,753,613$ 110 Unrestricted Working Capital Reserve Fund111 Balance At Beginning Of Fiscal Year 21,018,291 41,264,561 41,121,722 44,052,169 43,692,962 39,660,117 58,128,588 64,323,507 69,355,063 67,788,745 66,411,707 112 Cash Flow Surplus/(Deficit) 20,246,270 11,444,592 16,884,322 15,247,943 18,813,402 26,941,671 27,401,169 26,781,557 20,727,432 21,460,461 21,753,613 113 Reserve Fund Balance Used For Cash Flow Deficit - - - - - - - - - - - 114 Projects Designated To Be Paid With Cash - - - - - - - - - - - 115 Projects Paid with Reserve Funds (Non Specified Funds) - (11,587,431) (13,953,874) (15,607,150) (22,846,248) (8,473,200) (21,206,250) (21,750,000) (22,293,750) (22,837,500) (23,418,750) 116 Balance At End Of Fiscal Year 41,264,561 41,121,722 44,052,169 43,692,962 39,660,117 58,128,588 64,323,507 69,355,063 67,788,745 66,411,707 64,746,570 117 Minimum Working Capital Reserve Target 6 Mo. O&M 23,167,077 24,695,696 25,143,896 25,738,237 26,464,374 28,030,793 28,856,977 29,721,788 30,627,851 31,578,017 32,575,384 118 Excess/(Deficiency) of Fund Balance, Net Of Cash Flow Deficit 18,097,484$ 16,426,026$ 18,908,274$ 17,954,726$ 13,195,743$ 30,097,794$ 35,466,529$ 39,633,275$ 37,160,894$ 34,833,690$ 32,171,186$

Schedule 9: Capital Project Funding Summary Appendix A: Supporting Schedules


FINAL CAPITAL PROJECTS FUNDING SOURCES FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Water Impact Fees 8,672,705$ 3,182,203$ 5,944,718$ 4,928,921$ 3,826,581$ 828,000$ 2,827,500$ 2,900,000$ 2,972,500$ 3,045,000$ 3,122,500$ Sewer Impact Fees 9,725,545 3,929,125 4,401,120 3,173,501 511,575 552,000 2,827,500 2,900,000 2,972,500 3,045,000 3,122,500 Irrigation Impact Fees 8,711,964 4,054,958 8,434,359 6,483,557 6,569,315 7,728,000 1,413,750 1,450,000 1,486,250 1,522,500 1,561,250 Water Betterment Fees 3,667,334 2,068,594 230,698 - - 138,000 - - - - - Sewer Betterment Fees - 170,000 507,375 - - - - - - - - Irrigation Betterment Fees 400,000 - - - - - - - - - - Capital Improvement Fund 19,774,644 2,115,799 - - - - - - - - - SRF Loans and other UEP Debt Proceeds 44,623,755 44,623,755 6,938,082 14,419,353 11,917,994 - - - - - - Revenue Fund - 11,587,431 13,953,874 15,607,150 22,846,248 8,473,200 21,206,250 21,750,000 22,293,750 22,837,500 23,418,750 Debt Proceeds - - - - - - - - - - - TOTAL PROJECTS PAID 95,575,946$ 71,731,865$ 40,410,226$ 44,612,481$ 45,671,713$ 17,719,200$ 28,275,000$ 29,000,000$ 29,725,000$ 30,450,000$ 31,225,000$

Schedule 10: Utility Long-Term Borrowing (Excludes UEP) Appendix A: Supporting Schedules


FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Term (Years) 30 30 30 30 30 30 30 30 30 30 30Interest Rate 4.00% 4.25% 4.50% 4.75% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%

Sources of FundsPar Amount $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Uses of FundsProceeds $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Cost of I ssuance 2.00% of Par $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Underwriter's Discount $0.00 per $1,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Bond Insurance 0 times total Debt Serv ic $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Capitalized Interest 0 Years Interest $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Debt Serv ice Surety 0.00% of Debt Serv ice $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Debt Serv ice Reserve 1 Year(s) of Debt Serv ice $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Other CostsTotal Uses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

1 Year Interest $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Annual Debt Serv ice $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Total Debt Serv ice $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Cumulative New Annual Senior Lien Debt Service $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Schedule 11: Funding Summary by Fund Appendix A: Supporting Schedules


FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 20281 WATER IMPACT FEES2 Balance At Beginning of Fiscal Year 8,288,315$ 20,721$ 52$ 0$ 0$ 0$ 0$ 0$ 0$ 0$ 0$ 3 Additional Annual Revenues 3,520,754 3,161,482 5,944,666 4,928,920 4,990,960 6,026,223 5,178,835 5,247,475 3,668,797 3,724,237 3,782,317 4 Less: Payment of Debt Service (3,136,364) - - - (1,164,379) (5,198,223) (2,351,335) (2,347,475) (696,297) (679,237) (659,817) 5 Subtotal 8,672,705 3,182,203 5,944,718 4,928,921 3,826,581 828,000 2,827,500 2,900,000 2,972,500 3,045,000 3,122,500 6 Less: Restricted Funds - - - - - - - - - - - 7 Total Amount Available for Projects 8,672,705 3,182,203 5,944,718 4,928,921 3,826,581 828,000 2,827,500 2,900,000 2,972,500 3,045,000 3,122,500 8 Amount Paid for Projects (8,672,705) (3,182,203) (5,944,718) (4,928,921) (3,826,581) (828,000) (2,827,500) (2,900,000) (2,972,500) (3,045,000) (3,122,500) 9 Subtotal - - - - - - - - - - -

10 Add Back Restricted Funds - - - - - - - - - - - 11 Plus Interest Earnings 20,721 52 0 0 0 0 0 0 0 0 0 12 Less: Interest Allocated To Cash Flow - - - - - - - - - - - 13 Balance At End of Fiscal Year 20,721$ 52$ 0$ 0$ 0$ 0$ 0$ 0$ 0$ 0$ 0$

14 SEWER IMPACT FEES15 Balance At Beginning of Fiscal Year 23,713,460 14,082,169 10,213,632 6,005,311 4,983,592 4,519,295 4,009,728 1,208,188 6,041 30 0 16 Additional Annual Revenues 9,519,618 8,248,216 15,187,446 12,639,664 12,785,928 14,839,063 12,676,223 12,838,047 8,891,614 9,022,318 9,159,246 17 Less: Payment of Debt Service (9,519,618) (8,248,216) (15,055,240) (10,542,554) (12,785,928) (14,839,063) (12,676,223) (11,146,234) (5,925,155) (5,977,348) (6,036,746) 18 Subtotal 23,713,460 14,082,169 10,345,838 8,102,422 4,983,592 4,519,295 4,009,728 2,900,000 2,972,500 3,045,000 3,122,500 19 Less: Restricted Funds - - - - - - - - - - - 20 Total Amount Available for Projects 23,713,460 14,082,169 10,345,838 8,102,422 4,983,592 4,519,295 4,009,728 2,900,000 2,972,500 3,045,000 3,122,500 21 Amount Paid for Projects (9,725,545) (3,929,125) (4,401,120) (3,173,501) (511,575) (552,000) (2,827,500) (2,900,000) (2,972,500) (3,045,000) (3,122,500) 22 Subtotal 13,987,915 10,153,044 5,944,718 4,928,921 4,472,017 3,967,295 1,182,228 - - - - 23 Add Back Restricted Funds - - - - - - - - - - - 24 Plus Interest Earnings 94,253 60,588 60,594 54,671 47,278 42,433 25,960 6,041 30 0 0 25 Less: Interest Allocated To Cash Flow - - - - - - - - - - - 26 Balance At End of Fiscal Year 14,082,168$ 10,213,632$ 6,005,312$ 4,983,592$ 4,519,295$ 4,009,728$ 1,208,188$ 6,041$ 30$ 0$ 0$

27 IRRIGATION IMPACT FEES28 Balance At Beginning of Fiscal Year 4,787,528 823,289 2,058 8 0 - 554,760 1,990,304 3,624,609 2,237,773 877,563 29 Additional Annual Revenues 4,733,733 3,231,669 8,432,301 6,483,549 6,569,315 10,363,088 8,715,287 8,812,643 5,827,333 5,903,827 5,984,957 30 Less: Payment of Debt Service - - - - - (2,083,088) (5,878,655) (5,756,272) (5,757,086) (5,757,036) (5,301,271) 31 Subtotal 9,521,261 4,054,958 8,434,359 6,483,557 6,569,315 8,280,000 3,391,392 5,046,674 3,694,856 2,384,564 1,561,250 32 Less: Restricted Funds - - - - - - - - - - - 33 Total Amount Available for Projects 9,521,261 4,054,958 8,434,359 6,483,557 6,569,315 8,280,000 3,391,392 5,046,674 3,694,856 2,384,564 1,561,250 34 Amount Paid for Projects (8,711,964) (4,054,958) (8,434,359) (6,483,557) (6,569,315) (7,728,000) (1,413,750) (1,450,000) (1,486,250) (1,522,500) (1,561,250) 35 Subtotal 809,297 - - - - 552,000 1,977,642 3,596,674 2,208,606 862,064 - 36 Add Back Restricted Funds - - - - - - - - - - - 37 Plus Interest Earnings 13,992 2,058 8 0 0 2,760 12,662 27,935 29,166 15,499 4,388 38 Less: Interest Allocated To Cash Flow - - - - - - - - - - - 39 Balance At End of Fiscal Year 823,289$ 2,058$ 8$ 0$ 0$ 554,760$ 1,990,304$ 3,624,609$ 2,237,772$ 877,563$ 4,388$

40 WATER BETTERMENT FEES41 Balance At Beginning of Fiscal Year 5,232,165 1,847,314 4,618 17 238,966 487,862 606,185 875,959 1,156,792 1,446,866 1,746,594 42 Additional Annual Revenues 264,828 221,280 226,080 237,760 245,280 250,880 262,400 270,720 277,120 283,840 290,880 43 Less: Payment of Debt Service - - - - - - - - - - - 44 Subtotal 5,496,993 2,068,594 230,698 237,777 484,246 738,742 868,585 1,146,679 1,433,912 1,730,706 2,037,474 45 Less: Restricted Funds - - - - - - - - - - - 46 Total Amount Available for Projects 5,496,993 2,068,594 230,698 237,777 484,246 738,742 868,585 1,146,679 1,433,912 1,730,706 2,037,474 47 Amount Paid for Projects (3,667,334) (2,068,594) (230,698) - - (138,000) - - - - - 48 Subtotal 1,829,659 - - 237,777 484,246 600,742 868,585 1,146,679 1,433,912 1,730,706 2,037,474 49 Add Back Restricted Funds - - - - - - - - - - - 50 Plus Interest Earnings 17,655 4,618 17 1,189 3,616 5,443 7,374 10,113 12,954 15,888 18,920 51 Less: Interest Allocated To Cash Flow - - - - - - - - - - - 52 Balance At End of Fiscal Year 1,847,314$ 4,618$ 17$ 238,966$ 487,862$ 606,185$ 875,959$ 1,156,792$ 1,446,866$ 1,746,594$ 2,056,394$



FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 202853 SEWER BETTERMENT FEES54 Balance At Beginning of Fiscal Year 6,935,821$ 7,554,209$ 7,872,154$ 7,882,864$ 8,447,058$ 9,032,245$ 9,634,715$ 10,266,727$ 10,922,044$ 11,596,979$ 12,292,381$ 55 Additional Annual Revenues 582,253 449,475 459,225 482,950 498,225 509,600 533,000 549,900 562,900 576,550 590,850 56 Less: Payment of Debt Service - - - - - - - - - - - 57 Subtotal 7,518,074 8,003,684 8,331,379 8,365,814 8,945,283 9,541,845 10,167,715 10,816,627 11,484,944 12,173,529 12,883,231 58 Less: Restricted Funds - - - - - - - - - - - 59 Total Amount Available for Projects 7,518,074 8,003,684 8,331,379 8,365,814 8,945,283 9,541,845 10,167,715 10,816,627 11,484,944 12,173,529 12,883,231 60 Amount Paid for Projects - (170,000) (507,375) - - - - - - - - 61 Subtotal 7,518,074 7,833,684 7,824,004 8,365,814 8,945,283 9,541,845 10,167,715 10,816,627 11,484,944 12,173,529 12,883,231 62 Add Back Restricted Funds - - - - - - - - - - - 63 Plus Interest Earnings 36,135 38,470 58,861 81,243 86,962 92,870 99,012 105,417 112,035 118,853 125,878 64 Less: Interest Allocated To Cash Flow - - - - - - - - - - - 65 Balance At End of Fiscal Year 7,554,209$ 7,872,154$ 7,882,864$ 8,447,058$ 9,032,245$ 9,634,715$ 10,266,727$ 10,922,044$ 11,596,979$ 12,292,381$ 13,009,109$

66 IRRIGATION BETTERMENT FEES67 Balance At Beginning of Fiscal Year 659,728 473,033 608,450 749,122 900,006 1,056,862 1,218,663 1,389,077 1,566,260 1,749,074 1,937,696 68 Additional Annual Revenues 210,480 132,720 135,600 142,680 147,120 150,480 157,440 162,480 166,320 170,280 174,480 69 Less: Payment of Debt Service - - - - - - - - - - - 70 Subtotal 870,208 605,753 744,050 891,802 1,047,126 1,207,342 1,376,103 1,551,557 1,732,580 1,919,354 2,112,176 71 Less: Restricted Funds - - - - - - - - - - - 72 Total Amount Available for Projects 870,208 605,753 744,050 891,802 1,047,126 1,207,342 1,376,103 1,551,557 1,732,580 1,919,354 2,112,176 73 Amount Paid for Projects (400,000) - - - - - - - - - - 74 Subtotal 470,208 605,753 744,050 891,802 1,047,126 1,207,342 1,376,103 1,551,557 1,732,580 1,919,354 2,112,176 75 Add Back Restricted Funds - - - - - - - - - - - 76 Plus Interest Earnings 2,825 2,697 5,072 8,205 9,736 11,321 12,974 14,703 16,494 18,342 20,249 77 Less: Interest Allocated To Cash Flow - - - - - - - - - - - 78 Balance At End of Fiscal Year 473,033$ 608,450$ 749,122$ 900,006$ 1,056,862$ 1,218,663$ 1,389,077$ 1,566,260$ 1,749,074$ 1,937,696$ 2,132,426$

79 CAPITAL IMPROVEMENT FUND80 Balance At Beginning of Fiscal Year 21,890,443 2,115,799 - - - - - - - - - 81 Additional Annual Revenues - - - - - - - - - - - 82 Less: Payment of Debt Service - - - - - - - - - - - 83 Subtotal 21,890,443 2,115,799 - - - - - - - - - 84 Less: Restricted Funds - - - - - - - - - - - 85 Total Amount Available for Projects 21,890,443 2,115,799 - - - - - - - - - 86 Amount Paid for Projects (19,774,644) (2,115,799) - - - - - - - - - 87 Subtotal 2,115,799 - - - - - - - - - - 88 Add Back Restricted Funds - - - - - - - - - - - 89 Plus Interest Earnings 60,016 5,289 - - - - - - - - - 90 Less: Interest Allocated To Cash Flow (60,016) (5,289) - - - - - - - - - 91 Balance At End of Fiscal Year 2,115,799$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

92 SRF and Other UEP Debt Proceeds93 Balance At Beginning of Fiscal Year - - - - - - - - - - - 94 Additional Annual Revenues 44,623,755 44,623,755 6,938,082 14,419,353 11,917,994 - - - - - - 95 Less: Payment of Debt Service - - - - - - - - - - - 96 Subtotal 44,623,755 44,623,755 6,938,082 14,419,353 11,917,994 - - - - - - 97 Less: Restricted Funds - - - - - - - - - - - 98 Total Amount Available for Projects 44,623,755 44,623,755 6,938,082 14,419,353 11,917,994 - - - - - - 99 Amount Paid for Projects (44,623,755) (44,623,755) (6,938,082) (14,419,353) (11,917,994) - - - - - -

100 Subtotal - - - - - - - - - - - 101 Add Back Restricted Funds - - - - - - - - - - - 102 Plus Interest Earnings - - - - - - - - - - - 103 Less: Interest Allocated To Cash Flow - - - - - - - - - - - 104 Balance At End of Fiscal Year -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$



FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028105 REVENUE FUND106 Balance At Beginning of Fiscal Year 21,018,291$ 41,264,561$ 41,121,722$ 44,052,169$ 43,692,962$ 39,660,117$ 58,128,588$ 64,323,507$ 69,355,063$ 67,788,745$ 66,411,707$ 107 Additional Annual Revenues 20,246,270 11,444,592 16,884,322 15,247,943 18,813,402 26,941,671 27,401,169 26,781,557 20,727,432 21,460,461 21,753,613 108 Less: Cash-Funded Capital Projects - - - - - - - - - - - 109 Less: Payment Of Debt Service - - - - - - - - - - - 110 Subtotal 41,264,561 52,709,153 58,006,044 59,300,112 62,506,365 66,601,788 85,529,757 91,105,063 90,082,495 89,249,207 88,165,320 111 Less: Restricted Funds (23,167,077) (24,695,696) (25,143,896) (25,738,237) (26,464,374) (28,030,793) (28,856,977) (29,721,788) (30,627,851) (31,578,017) (32,575,384) 112 Total Amount Available for Projects 18,097,484 28,013,457 32,862,148 33,561,875 36,041,991 38,570,994 56,672,779 61,383,275 59,454,644 57,671,190 55,589,936 113 Amount Paid for Projects - (11,587,431) (13,953,874) (15,607,150) (22,846,248) (8,473,200) (21,206,250) (21,750,000) (22,293,750) (22,837,500) (23,418,750) 114 Subtotal 18,097,484 16,426,026 18,908,274 17,954,726 13,195,743 30,097,794 35,466,529 39,633,275 37,160,894 34,833,690 32,171,186 115 Add Back Restricted Funds 23,167,077 24,695,696 25,143,896 25,738,237 26,464,374 28,030,793 28,856,977 29,721,788 30,627,851 31,578,017 32,575,384 116 Plus Interest Earnings 155,707 205,966 319,402 438,726 416,765 488,944 612,260 668,393 685,719 671,002 655,791 117 Less: Interest Allocated To Cash Flow (155,707) (205,966) (319,402) (438,726) (416,765) (488,944) (612,260) (668,393) (685,719) (671,002) (655,791) 118 Balance At End of Fiscal Year 41,264,561$ 41,121,722$ 44,052,169$ 43,692,962$ 39,660,117$ 58,128,588$ 64,323,507$ 69,355,063$ 67,788,745$ 66,411,707$ 64,746,570$

119 RESTRICTED RESERVES120 Balance At Beginning of Fiscal Year 11,912,586 11,912,586 11,912,586 11,912,586 11,912,586 11,912,586 11,912,586 11,912,586 11,912,586 11,912,586 11,912,586 121 Additional Funds: - - - - - - - - - - - 122 Debt Service Reserve on New Debt - 0 - 0 0 - - - - 0 0 123 Other Additional Funds - - - - - - - - - - - 124 Subtotal 11,912,586 11,912,586 11,912,586 11,912,586 11,912,586 11,912,586 11,912,586 11,912,586 11,912,586 11,912,586 11,912,586 125 Plus: Interest Earnings 59,563 59,563 89,344 119,126 119,126 119,126 119,126 119,126 119,126 119,126 119,126 126 Less: Interest Allocated to Cash Flow (59,563) (59,563) (89,344) (119,126) (119,126) (119,126) (119,126) (119,126) (119,126) (119,126) (119,126) 127 Balance at End of Fiscal Year 11,912,586$ 11,912,586$ 11,912,586$ 11,912,586$ 11,912,586$ 11,912,586$ 11,912,586$ 11,912,586$ 11,912,586$ 11,912,586$ 11,912,586$

Schedule 12: UEP ERU Assumptions Appendix A: Supporting Schedules


Name of UEP Area ERUs % Improved Base ERUsBegin

ConstructionEnd

Construction1st Yr of Service Water Sewer Irrigation

Include in Model

SW Areas 6 & 7 6,128 50% 3,064 2014 2015 FY 2016 Y Y Y YNorth Area 1 8,044 2020 2022 FY 2023 Y Y Y YNorth Area 2 2,334 2017 2019 FY 2020 Y Y Y Y

FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028SW Areas 6 & 7Initial Connection of Improved ERUs

Water - - - - - - - - - - Sewer - - - - - - - - - - I rrigation - - - - - - - - - -

Infill ERUsWater 95 98 103 112 124 140 161 186 216 253 Sewer 95 98 103 112 124 140 161 186 216 253 I rrigation 95 98 103 112 124 140 161 186 216 253

Total 95 193 296 408 532 672 833 1,019 1,235 1,488

North Area 1Initial Connection of Improved ERUs

Water - - - - 1,850 617 - - - - Sewer - - - - 2,087 696 - - - - I rrigation - - - - 2,097 699 - - - -

Infill ERUsWater - - - - - 76 76 79 81 83 Sewer - - - - - 76 76 79 81 83 I rrigation - - - - - 76 76 79 81 83

Total - - - - 1,850 2,542 2,618 2,697 2,778 2,861

North Area 2Initial Connection of Improved ERUs

Water - 2,148 716 - - - - - - - Sewer - 2,408 803 - - - - - - - I rrigation - 2,447 816 - - - - - - -

Infill ERUsWater - - 64 88 90 93 96 99 102 105 Sewer - - 64 88 90 93 96 99 102 105 I rrigation - - 64 88 90 93 96 99 102 105

Total - 2,148 2,928 3,016 3,106 3,199 3,295 3,394 3,496 3,601

Annual ERU SummaryWater 95 2,246 883 200 2,064 926 333 364 399 441 Sewer 95 2,506 970 200 2,301 1,005 333 364 399 441 I rrigation 95 2,545 983 200 2,311 1,008 333 364 399 441

Total 285 7,296 2,835 600 6,675 2,938 999 1,092 1,197 1,323

Cumulative ERU GrowthWater 95 2,341 3,224 3,424 5,488 6,413 6,746 7,110 7,509 7,950 Sewer 95 2,601 3,570 3,770 6,071 7,075 7,408 7,772 8,171 8,612 I rrigation 95 2,640 3,622 3,822 6,133 7,141 7,474 7,838 8,237 8,678

Schedule 13: UEP Transmission Portion of Capital Costs Appendix A: Supporting Schedules


Name of UEP Area ERUs % Improved Base ERUsBegin

Construction

End Constructio

n1st Yr of Service Water Sewer Irrigation

Include in Model

SW Areas 6 & 7 6,128 50% 3,064 2014 2015 FY 2016 Y Y Y YNorth Area 1 7,211 35% - 2020 2022 FY 2023 Y Y Y YNorth Area 2 9,522 37% - 2017 2019 FY 2020 Y Y Y Y

FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 TotalSW Areas 6 & 7

Potable Water Transmission -$ - - - - - - - - - - Sewer Transmission - - - - - - - - - - - I rrigation Transmission - - - - - - - - - - -

Total - - - - - - - - - - -

North Area 1Potable Water Transmission - - 447,117 369,554 - - - - - - 816,671 Sewer Transmission - - 7,746,618 6,402,794 - - - - - - 14,149,412 I rrigation Transmission - - 6,225,618 5,145,646 - - - - - - 11,371,264

Total -$ - 14,419,353 11,917,994 - - - - - - 26,337,347

North Area 2Potable Water Transmission 6,956,459 - - - - - - - - - 6,956,459 Sewer Transmission 21,352,998 - - - - - - - - - 21,352,998 I rrigation Transmission 16,314,298 - - - - - - - - - 16,314,298

Total 44,623,755$ - - - - - - - - - 44,623,755

Schedule 14 – UEP CFEC Revenue Appendix A: Supporting Schedules


Name of UEP Area

Water Capacity Charge

Sewer Capacity Charge

Irrigation Capacity Charge

Water Capacity Charge

Assessment

Sewer Capacity Charge

Assessment

Irrigation Capacity Charge

AssessmentPre Pay

AssumptionPre Pay

Discount %Non

Collection %Term of

PaymentSW Areas 6 & 7 1,516$ 4,476$ 758$ 280$ 826$ 140$ 18% 20% 5% 6North Area 1 1,320 3,112 2,318 244 574 428 13% 20% 5% 6North Area 2 1,320 3,112 2,318 244 574 428 13% 20% 5% 6

FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028SW Areas 6 & 7Prepaid Capacity Charges

Water -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Sewer - - - - - - - - - - I rrigation - - - - - - - - - -

Capacity Charges from AssessmentsWater 1,335,922 1,335,922 1,335,922 1,335,922 - - - - - - Sewer 3,944,320 3,944,320 3,944,320 3,944,320 - - - - - - I rrigation 667,961 667,961 667,961 667,961 - - - - - -

Total 5,948,203$ 5,948,203 5,948,203 5,948,203 - - - - - -

North Area 1Prepaid Capacity Charges

Water - - - - 942,427 - - - - - Sewer - - - - 2,386,904 - - - - - I rrigation - - - - 1,782,245 - - - - -

Capacity Charges from AssessmentsWater - - - - 1,382,557 1,382,557 1,382,557 1,382,557 1,382,557 1,382,557 Sewer - - - - 3,501,630 3,501,630 3,501,630 3,501,630 3,501,630 3,501,630 I rrigation - - - - 2,614,585 2,614,585 2,614,585 2,614,585 2,614,585 2,614,585

Total -$ - - - 12,610,349 7,498,773 7,498,773 7,498,773 7,498,773 7,498,773

North Area 2Prepaid Capacity Charges

Water - 1,112,105 - - - - - - - - Sewer - 2,774,958 - - - - - - - - I rrigation - 2,085,514 - - - - - - - -

Capacity Charges from AssessmentsWater - 1,631,478 1,631,478 1,631,478 1,631,478 1,631,478 1,631,478 - - - Sewer - 4,070,912 4,070,912 4,070,912 4,070,912 4,070,912 4,070,912 - - - I rrigation - 3,059,486 3,059,486 3,059,486 3,059,486 3,059,486 3,059,486 - - -

Total -$ 14,734,453 8,761,876 8,761,876 8,761,876 8,761,876 8,761,876 - - -

Revenue SummaryWater 1,335,922 4,079,506 2,967,400 2,967,400 3,956,463 3,014,035 3,014,035 1,382,557 1,382,557 1,382,557 Sewer 3,944,320 10,790,190 8,015,232 8,015,232 9,959,447 7,572,543 7,572,543 3,501,630 3,501,630 3,501,630 I rrigation 667,961 5,812,961 3,727,447 3,727,447 7,456,316 5,674,071 5,674,071 2,614,585 2,614,585 2,614,585

Total 5,948,203$ 20,682,656 14,710,079 14,710,079 21,372,225 16,260,649 16,260,649 7,498,773 7,498,773 7,498,773

Schedule 15 – Allocation of Debt by System and Expansion %

Appendix A: Supporting Schedules


Note: Series 2015 Bonds refunded Series 2006. Series 2017 Bonds refunded portions of Series 2011 and Series 2011A and reflects the weighted average of principal refunded.

FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 ExpansionWater and Sewer Revenue Bonds, Series 2011Water 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 100.00%Irrigation 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 100.00%Sewer 80.00% 80.00% 80.00% 80.00% 80.00% 80.00% 80.00% 80.00% 80.00% 80.00% 80.00% 100.00%Water and Sewer Revenue Bonds, Series 2011AWater 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 100.00%Irrigation 10.50% 10.50% 10.50% 10.50% 10.50% 10.50% 10.50% 10.50% 10.50% 10.50% 10.50% 100.00%Sewer 38.50% 38.50% 38.50% 38.50% 38.50% 38.50% 38.50% 38.50% 38.50% 38.50% 38.50% 100.00%Water and Sewer Revenue Bonds, Series 2015Water 53.51% 53.51% 53.51% 53.51% 53.51% 53.51% 53.51% 53.51% 53.51% 53.51% 53.51% 100.00%Irrigation 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 100.00%Sewer 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 100.00%Water and Sewer Revenue Bonds, Series 2015AWater 53.51% 53.51% 53.51% 53.51% 53.51% 53.51% 53.51% 53.51% 53.51% 53.51% 53.51% 100.00%Irrigation 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 100.00%Sewer 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 46.42% 100.00%Water and Sewer Revenue Bonds, Series 2017Water 25.30% 25.30% 25.30% 25.30% 25.30% 25.30% 25.30% 25.30% 25.30% 25.30% 25.30% 100.00%Irrigation 10.19% 10.19% 10.19% 10.19% 10.19% 10.19% 10.19% 10.19% 10.19% 10.19% 10.19% 100.00%Sewer 64.52% 64.52% 64.52% 64.52% 64.52% 64.52% 64.52% 64.52% 64.52% 64.52% 64.52% 100.00%

SRF 67516PWater 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%Irrigation 71.53% 71.53% 71.53% 71.53% 71.53% 71.53% 71.53% 71.53% 71.53% 71.53% 71.53% 100.00%Sewer 28.47% 28.47% 28.47% 28.47% 28.47% 28.47% 28.47% 28.47% 28.47% 28.47% 28.47% 100.00%SRF - 67516L-01Water 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 0.00%Irrigation 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Sewer 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%SRF 67516L-02Water 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 0.00%Irrigation 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Sewer 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%SW 67 SRF Loan Agreement - DW360103Water 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%Irrigation 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%Sewer 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%SW 67 SRF Loan Agreement - WW360100Water 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%Irrigation 34.27% 34.27% 34.27% 34.27% 34.27% 34.27% 34.27% 34.27% 34.27% 34.27% 34.27% 100.00%Sewer 65.73% 65.73% 65.73% 65.73% 65.73% 65.73% 65.73% 65.73% 65.73% 65.73% 65.73% 100.00%N2Water 15.59% 15.59% 15.59% 15.59% 15.59% 15.59% 15.59% 15.59% 15.59% 15.59% 15.59% 100.00%Irrigation 47.85% 47.85% 47.85% 47.85% 47.85% 47.85% 47.85% 47.85% 47.85% 47.85% 47.85% 100.00%Sewer 36.56% 36.56% 36.56% 36.56% 36.56% 36.56% 36.56% 36.56% 36.56% 36.56% 36.56% 100.00%

N1Water 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 100.00%Irrigation 53.72% 53.72% 53.72% 53.72% 53.72% 53.72% 53.72% 53.72% 53.72% 53.72% 53.72% 100.00%Sewer 43.18% 43.18% 43.18% 43.18% 43.18% 43.18% 43.18% 43.18% 43.18% 43.18% 43.18% 100.00%N1 - Interest Costs on Interim Financing (Line of Credit)Water 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 3.10% 100.00%Irrigation 53.72% 53.72% 53.72% 53.72% 53.72% 53.72% 53.72% 53.72% 53.72% 53.72% 53.72% 100.00%Sewer 43.18% 43.18% 43.18% 43.18% 43.18% 43.18% 43.18% 43.18% 43.18% 43.18% 43.18% 100.00%

N2 - Interest Costs on Interim Financing (Line of Credit)Water 15.59% 15.59% 15.59% 15.59% 15.59% 15.59% 15.59% 15.59% 15.59% 15.59% 15.59% 100.00%Irrigation 47.85% 47.85% 47.85% 47.85% 47.85% 47.85% 47.85% 47.85% 47.85% 47.85% 47.85% 100.00%Sewer 36.56% 36.56% 36.56% 36.56% 36.56% 36.56% 36.56% 36.56% 36.56% 36.56% 36.56% 100.00%

Schedule 16 – Summary of Expansion Related Debt Appendix A: Supporting Schedules


FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Water and Sewer Revenue Bonds, Series 2011Water 252,250 252,675 253,000 252,525 - - - - - - - Irrigation 252,250 252,675 253,000 252,525 - - - - - - - Sewer 2,018,000 2,021,400 2,024,000 2,020,200 - - - - - - - Water and Sewer Revenue Bonds, Series 2011AWater 1,000,212 999,804 998,070 998,708 - - - - - - - Irrigation 205,926 205,842 205,485 205,616 - - - - - - - Sewer 755,062 754,754 753,445 753,926 - - - - - - - Water and Sewer Revenue Bonds, Series 2013Water - - - - - - - - - - - Irrigation - - - - - - - - - - - Sewer - - - - - - - - - - - 2014 Capital Improvement Revenue BondsWater - - - - - - - - - - - Irrigation - - - - - - - - - - - Sewer - - - - - - - - - - - Water and Sewer Revenue Bonds, Series 2015Water 1,815,967 1,815,967 1,815,967 1,815,967 1,815,967 1,815,967 1,815,967 1,815,967 1,815,967 1,815,967 1,815,967 Irrigation 2,321 2,321 2,321 2,321 2,321 2,321 2,321 2,321 2,321 2,321 2,321 Sewer 1,575,612 1,575,612 1,575,612 1,575,612 1,575,612 1,575,612 1,575,612 1,575,612 1,575,612 1,575,612 1,575,612 Water and Sewer Revenue Bonds, Series 2015AWater 3,516,003 4,799,515 4,798,448 4,800,871 4,798,725 4,797,466 4,799,533 4,797,928 4,796,858 4,797,366 4,799,112 Irrigation 4,494 6,134 6,133 6,136 6,133 6,132 6,134 6,132 6,131 6,131 6,134 Sewer 3,050,637 4,164,267 4,163,342 4,165,443 4,163,582 4,162,490 4,164,283 4,162,890 4,161,962 4,162,403 4,163,918 Water and Sewer Revenue Bonds, Series 2017Water 2,131,629 2,800,681 2,800,681 2,800,681 3,947,838 3,947,396 3,946,637 3,945,435 3,947,459 3,947,332 3,946,257 Irrigation 858,405 1,127,831 1,127,831 1,127,831 1,589,790 1,589,612 1,589,307 1,588,823 1,589,638 1,589,587 1,589,154 Sewer 5,436,826 7,143,276 7,143,276 7,143,276 10,069,159 10,068,030 10,066,094 10,063,029 10,068,191 10,067,868 10,065,126 Total Revenue Bond Expansion Debt Service 22,875,594 27,922,754 27,920,611 27,921,638 27,969,128 27,965,026 27,965,889 27,958,138 27,964,138 27,964,588 27,963,601 SRF 67516PWater - - - - - - - - - - - Irrigation 121,898 121,898 121,898 121,898 121,898 121,898 121,897 - - - - Sewer 48,512 48,512 48,512 48,512 48,513 48,512 48,512 - - - - SRF - 67516L-01Water - - - - - - - - - - - Irrigation - - - - - - - - - - - Sewer - - - - - - - - - - - SRF 67516L-02Water - - - - - - - - - - - Irrigation - - - - - - - - - - - Sewer - - - - - - - - - - - SW 67 SRF Loan Agreement - DW360103Water 21,110 21,110 21,110 21,110 21,110 21,110 21,110 21,110 21,110 21,110 21,110 Irrigation - - - - - - - - - - - Sewer - - - - - - - - - - - SW 67 SRF Loan Agreement - WW360100Water - - - - - - - - - - - Irrigation 267,979 267,979 267,979 267,979 267,979 267,979 267,979 267,979 267,979 267,979 267,979 Sewer 513,982 513,982 513,982 513,982 513,982 513,982 513,982 513,982 513,982 513,982 513,982 N2Water - - 850,887 850,887 850,887 850,887 850,887 850,887 850,887 850,887 850,887 Irrigation - - 2,611,814 2,611,814 2,611,814 2,611,814 2,611,814 2,611,814 2,611,814 2,611,814 2,611,814 Sewer - - 1,995,500 1,995,500 1,995,500 1,995,500 1,995,500 1,995,500 1,995,500 1,995,500 1,995,500

N1Water - - - - - 73,833 73,833 73,833 73,833 73,833 73,833 Irrigation - - - - - 1,279,203 1,279,203 1,279,203 1,279,203 1,279,203 1,279,203 Sewer - - - - - 1,028,040 1,028,040 1,028,040 1,028,040 1,028,040 1,028,040 N1 - Interest Costs on Interim Financing (Line of Credit)Water - - - 12,403 24,806 - - - - - - Irrigation - - - 214,895 429,790 - - - - - - Sewer - - - 172,702 345,403 - - - - - -

N2 - Interest Costs on Interim Financing (Line of Credit)Water - 62,357 249,426 - - - - - - - - Irrigation - 191,405 765,619 - - - - - - - - Sewer - 146,239 584,955 - - - - - - - -

Total SRF & UEP Expansion Debt Service 973,481 1,373,481 8,031,682 6,831,682 7,231,683 8,812,758 8,812,757 8,642,348 8,642,348 8,642,348 8,642,348

Total Annual Expansion Debt Service 23,849,075$ 29,296,234$ 35,952,292$ 34,753,319$ 35,200,810$ 36,777,783$ 36,778,645$ 36,600,485$ 36,606,485$ 36,606,935$ 36,605,948$

Total Annual Debt Service 26,269,161$ 29,541,504$ 36,197,562$ 34,998,588$ 35,446,079$ 37,023,052$ 36,974,854$ 36,698,589$ 36,606,485$ 36,606,935$ 36,605,948$

Expansion Related Debt Service

Schedule 16 – Summary of Expansion Related Debt Appendix A: Supporting Schedules


FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Expansion Debt By Service TypeWater 8,737,171 10,752,108 11,787,589 11,553,150 11,459,333 11,506,658 11,507,966 11,505,159 11,506,113 11,506,495 11,507,165 Irrigation 1,713,272 2,176,085 5,362,080 4,811,015 5,029,726 5,878,959 5,878,655 5,756,272 5,757,086 5,757,036 5,756,605 Sewer 13,398,632 16,368,042 18,802,624 18,389,154 18,711,751 19,392,166 19,392,024 19,339,054 19,343,287 19,343,405 19,342,178 Total 23,849,075$ 29,296,234$ 35,952,292$ 34,753,319$ 35,200,810$ 36,777,783$ 36,778,645$ 36,600,485$ 36,606,485$ 36,606,935$ 36,605,948$ % of Debt ExpansionWater 86.6% 97.8% 98.0% 97.9% 97.9% 97.9% 98.3% 99.2% 100.0% 100.0% 100.0%Irrigation 88.2% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%Sewer 94.1% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

DISCLAIMER

This document was produced by Stantec Consulting Services, Inc. (“Stantec”) for the City of Cape Coral (“City”) and is based on a specific scope agreed upon by both parties. Stantec’s scope of work and services do not include serving as a “municipal advisor” for purposes of the registration requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) or the municipal advisor registration rules issued by the Securities and Exchange Commission. Stantec is not advising the City, or any municipal entity or other person or entity, regarding municipal financial products or the issuance of municipal securities, including advice with respect to the structure, terms, or other similar matters concerning such products or issuances.

In preparing this report, Stantec utilized information and data obtained from the City or public and/or industry sources. Stantec has relied on the information and data without independent verification, except only to the extent such verification is expressly described in this document. Any projections of future conditions presented in the document are not intended as predictions, as there may be differences between forecasted and actual results, and those differences may be material.

Additionally, the purpose of this document is to summarize Stantec’s analysis and findings related to this project, and it is not intended to address all aspects that may surround the subject area. Therefore, this document may have limitations, assumptions, or reliances on data that are not readily apparent on the face of it. Moreover, the reader should understand that Stantec was called on to provide judgments on a variety of critical factors which are incapable of precise measurement. As such, the use of this document and its findings by the City should only occur after consultation with Stantec, and any use of this document and findings by any other person is done so entirely at their own risk.

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