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using cash from rate revenues and reserves. PFAS capital expenditures will be funded almost entirely through bond
<br /> proceeds except for some design costs.
<br /> Table 2-17: Projected CIP
<br /> 1--hic Capital Improvement Plan FY 2024 FY 20211
<br /> 1 Water Replacement
<br /> 2 Emergency Power Improvements $0 $0 $0
<br /> 3 Water Capacity Evaluation $50,000 $56,250 $61,875
<br /> 4 Water System Management Plan $0 $0 $0
<br /> 5 Annual Water Distribution System Improvements $1,000,000 $1,125,000 $1,237,500
<br /> 6 Design of PFAS Treatment and Wells Rehabilitation Project $0 $0 $0
<br /> 7 SCADA and Controls Master Plan $0 $0 $0
<br /> 8 Santa Rita&Hopyard Piping Impv $0 $0 $0
<br /> 9 West Las Positas Boulevard Multimodal Reconstruction $205,000 $0 $0
<br /> 10 Foothill and Sycamore RCS $0 $0 $0
<br /> 11 Lemoine Bypass Pipeline $0 $0 $0
<br /> 12 Infrastructure Improvements $2,000,000 $2,250,000 $4,950,000
<br /> 13 Water Supply Alternatives Design Phase $2,000,000 $2,250,000 $2,475,000
<br /> 14 Total-Water Replacement $5,255,000 $5,681,250 $8,724,375
<br /> 15
<br /> 16 Water R&R
<br /> 17 Machinery And Equipment $0 $0 $0
<br /> 18 Buildings&Structures $0 $0 $0
<br /> 19 Vehicles $700,000 $787,500 $866,250
<br /> 20 Total-Water R&R $700,000 $787,500 $866,250
<br /> 21
<br /> 22 Recycled Water
<br /> 23 Annual Recycled Water System Repairs and Improvements $50,000 $56,250 $61,875
<br /> 24 Recycled Water System Management Plan $0 $0 $0
<br /> 25 Regional Fill Station $0 $0 $0
<br /> 26 Total-Recycled Water $50,000 $56,250 $61,875
<br /> 27
<br /> 28 Total-Capital Projects $6,005,000 $6,525,000 $9,652,500
<br /> 2.10. Status Quo Financial Plan
<br /> Table 2-18 shows the projected financial plan based on revenues at existing rates with no adjustments, or the
<br /> "status quo" scenario. Revenues(Line 10) are derived from Table 2-12. Note that the revenues from interest
<br /> income in the status quo scenario is lower due to a decrease in fund balances. O&M expenses(Line 19) are derived
<br /> from Table 2-15. Existing debt service (Lines 22 and 23) and cash funded CIP (Lines 24 and 25) are derived from
<br /> Table 2-16 and Table 2-17, respectively.
<br /> Net revenue is equal to total revenues(Line 10) less O&M expenses(Line 18). Net cash flow(Line 27) is equal to
<br /> net revenue less debt service and cash funded CIP(Line 25). Debt coverage(Line 31) is calculated by dividing net
<br /> revenue by debt service. The water utility will default on debt coverage starting in FY 2024 with the start of the
<br /> PFAS bond repayment. City staff provided projected beginning fund balances for FY 2024(Column B, Lines 35
<br /> and 40).Ending balances(Lines 36, 41, and 46) are calculated by adding beginning balances to net cash flow. The
<br /> 24 CITY OF PLEASANTON
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