<br />60
<br />The following table is provided to give investors a forecast of the financial results
<br />of Pleasanton’s Sewer System over the next five fiscal years. However, it is important to
<br />note that the term Member Net Revenues under the Sewer Service Contract only includes
<br />revenue received by Pleasanton from the Regional Service Charge and the Regional
<br />Capacity Reserve Buy-in Fee, and, upon collection of Regional Capacity Reserve Fees,
<br />Pleasanton is only obligated to transfer them to DSRSD. See Table 12 for DSRSD’s
<br />estimated projected revenues from Regional Service Charges, Regional Capacity Reserve
<br />Buy-in Fees and Regional Capacity Reserve Fees.
<br />
<br />Table 16
<br />Pleasanton Sewer System (Local System Only)
<br />Summary of Projected Operating Results
<br />Fiscal Year Ended June 30
<br />
<br /> 2022 2023 2024 2025 2026
<br />Gross Revenues
<br />Local Charges for Service (1) $5,350,000 $5,400,000 $5,562,000 $5,729,000 $5,901,000
<br />Local Connection Fees (2) 77,256 159,277 40,000 41,200 42,436
<br />Interest Income (3) 140,000 150,000 94,000 87,000 87,000
<br />Miscellaneous Revenues (4) 37,500 37,500 37,500 37,500 37,500
<br />Total Gross Revenues 5,604,756 5,746,777 5,733,500 5,894,700 6,067,936
<br />
<br />Maintenance & Operation Costs (5) 4,242,425 4,378,350 4,510,000 4,645,000 4,784,000
<br />
<br />Net Revenues 1,362,331 1,368,427 1,223,500 1,249,700 1,283,936
<br />
<br />Pleasanton Obligations (6) - - - - -
<br />
<br />Transfers
<br />Annual Repair & Replacement Funding (7) 2,528,953 2,374,277 1,350,000 1,368,000 1,386,000
<br />Local Connection Fees to Expansion Fund 77,256 159,277 40,000 41,200 42,436
<br />
<br />Net Revenues Available after all Obligations and
<br />Transfers (8)
<br />($1,243,878) ($1,165,127) ($166,500) ($159,500) ($144,500)
<br />
<br />(1) Includes only local service charges collected in Pleasanton’s service area.
<br />(2) Includes only local connection fees collected in Pleasanton’s service area. Pleasanton sends Regional Capacity
<br />Reserve Fees received by Pleasanton to DSRSD.
<br />(3) Interest income projections were prepared by the City of Pleasanton staff based upon projected fund balances
<br />through fiscal year 2026.
<br />(4) Miscellaneous revenues are projected as an average of historical miscellaneous revenues from fiscal years
<br />2015-16 through 2020-21.
<br />(5) Maintenance & Operation Costs were projected based on fiscal year 2021-22 and 2022-23 budgets and a growth
<br />factor of 3% per annum. Rates would ultimately be set to cover actual needs.
<br />(6) Pleasanton’s Sewer Fund has no long-term debt.
<br />(7) Includes transfers out to the Sewer CIP Fund and Repair and Replacement allocations.
<br />(8) Negative balances are funded from reserves.
<br />Source: City of Pleasanton.
<br />
<br />Outstanding Long-Term Debt Obligations
<br />
<br />As of the date of this Official Statement, Pleasanton has no outstanding long-term debt
<br />obligations for its wastewater system.
<br />
<br />Capital Improvement Program
<br />
<br />Pleasanton adopted a capital improvement plan for its Sewer System through fiscal year
<br />2024-25 (the “Pleasanton CIP”). The Pleasanton CIP calls for a number of capital projects but
<br />Pleasanton has no plans to incur additional indebtedness to finance those projects.
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