21 ATTACHMENT 3 - Laserfiche WebLink

50 Projected Operating Results. DSRSD’s estimated projected Net Revenues for the fiscal years ending June 30, 2022, through June 30, 2026, are set forth below, reflecting certain significant assumptions concerning future events and circumstances. The financial forecast represents DSRSD’s estimate of projected financial results based upon its judgment of the probable occurrence of future events. Certain assumptions underlying the forecast are set forth in part in the footnotes to the chart set forth below; in addition, the projections assume (i) a 3% annual increase in sewer rates consistent with DSRSD’s adopted rate structure, (ii) average annual growth in the number of connections of 20.0%, (iii) investment earnings on fund balances of 3.0% per year, and (iv) annual expense increases of 3.0%. The increase in connections is based on the existing city master plans, as modified based on developer updates, and assumes the following new connections (in DUEs): 2022 2023 2024 2025 2026 DSRSD 479 615 431 229 540 Pleasanton 20 235 745 745 745 Total 499 850 1,176 974 1,285 The assumptions are material in the development of DSRSD’s financial projections, and variations in the assumptions may produce substantially different financial results. Actual operating results achieved during the projection period may vary from those presented in the forecast and such variations may be material.