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projected revenue and expenses projected for calendar year 2015. A summary of these projections is as follows: SUMMARY OF 2015 PGS PROJECTED REVENUE AND EXPENSES Category CY 2014 CY 2015 Projected % Difference Revenue Service Billing $22,522,544 $24,532,616 8.9% Other Revenue $308,645 $358,460 16% Total $22,831,189 $24,891,076 9.0% Expenditures Operational Expenses (1) $18,657,769 $19,327,156 3.6% Non-Discretionary (2) $5,938,122 $6,364,855 7.2% Total Expenses $24,595,891 $25,692,011 4.5% 1. Includes items such as labor, dumping, hauling, profit, administrative costs, taxes, licenses, etc. 2. Includes items such as previous deficit payments, City franchise fee, transfer station compliance, regulatory costs, etc. 3. Summary detail included on page 17 of Crowe Horwath report Based on the above the gap and required revenue is as follows: SUMMARY OF RATE ADJUSTMENT CALCULATION Data Amount Total Projected Revenue $24,891,076 Total Projected Expenditures $25,692,011 Revenue Projected Shortfall $800,935 Percentage Increase Required 3.26% (1) 1. Percentage calculated based on Service Billing only e.g. $24,532,616 3.26% = $800,935 (includes rounding). If applied across the board, the 3.26% increase would have the following impact on the major rate categories: Recommended Monthly Service Rates Effective January 1, 2015 Service Type Current Rate Rate Increase New Rate 35-Gallon Service $32.98 $1.08 $34.06 35-Gallon Senior Rate $28.03 $0.91 $28.94 96-Gallon Service $39.13 $1.28 $40.41 _ Cubic Yard - Commercial $29.27 $0.95 $30.22 A complete listing of the collection rates are detailed in the rate schedule that is attached to the recommended rate resolution included as Attachment 1. Alternative Variable Cart Rate Adjustment As part of its review of the Crowe Horwath report, the Subcommittee directed staff to provide a rate adjustment option that relieves 35-gallon can customers of some of the rate adjustment burden by transferring that burden to the 96-gallon cart customers. This Page 3 of 6