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18b
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2023
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062023
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6/14/2023 4:17:40 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
6/20/2023
DESTRUCT DATE
15Y
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— �� Managing Tomorrow's Resources Today <br /> Becky Hopkins <br /> April 13, 2023 <br /> Page 2 of 3 <br /> Findings <br /> A. PGS informed the City that it currently holds$671,730 in an account as the result of the 35-gallon <br /> residential rate being set higher than staff had recommended in 2018. This amount has accrued <br /> from 7/1/2018 to 6/30/2022 and continues to accrue at roughly $175,000 per year. The liability <br /> amount generated from the rate set, as opposed to what staff had been recommended in Rate <br /> Period 1, and the actual 35-gallon cart rate over time is reflected in the table below. <br /> 35 Gallon 35 Gallon <br /> Rate Effective Liability Cart Rate <br /> 7/1/2018 to 6/30/19 $ 1.16 $ 26.06 <br /> 7/1/2019 to 6/30/20 $ 1.20 $ 26.87 <br /> 7/1/2020 to 6/30/21 $ 1.22 $ 27.33 <br /> 7/1/2021 to 6/30/22 $ 1.23 $ 27.58 <br /> 7/1/2022 to 6/30/23 $ 1.30 $ 29.18 <br /> HF&H reviewed customer data provided by PGS for each quarter starting 7/1/2018 and confirmed <br /> that the$671,730 is accurate based on the number of 35-gallon customers in a given quarter, <br /> multiplied by the liability amount. <br /> B. PGS also provided the City and HF&H with customer counts for 96-gallon container residential <br /> customers for each quarter,starting with Quarter 1 of Rate Period 1.These amounts were compared <br /> to the customer census data used in the initial rate model to set rates. The baseline 96-gallon <br /> customer count used in the rate model was 9,142.This amount was compared to the number of 96- <br /> gallon residential customers for each quarter to determine the quarterly migration and resulting <br /> revenue loss, a total of$52,602.The results of this analysis can be seen in the table below. <br /> Quarter Ended 96Gallon PGS Customer Migration Migration <br /> Baseline Count Count Loss Quarterly <br /> September30,2018 9,142 9,042 100 $ 6,174 <br /> De ce m b e r 31,2018 9,142 8,972 170 $ 10,496 <br /> March 31,2019 9,142 8,889 253 $ 15,620 <br /> June 30,2019 9,142 8,813 329 $ 20,312 <br /> Total Rate Period 1 Migration 329 $ 52,602 <br /> C. In its transmittal of support data to City staff, PGS requested that the majority of the $671,730 in <br /> the liability account be released to PGS to be reclassified as revenue. While subscription levels for <br /> the 96-gallon residential customers have continued to decline over time, the overall residential <br /> customer base has increased by 540. This increase in overall customers represents nearly as much <br /> as the 96-gallon customers have decreased from the baseline (683) as seen in the table below. <br />
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