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<br /> <br /> 3 3 <br /> <br /> <br />City Budget: <br /> <br />11. When the City budget was completed, what was the budgeted increase <br />(rate and dollars) and the effective date of the prospective increase? <br />At the time the budget was adopted, an estimated increase of 14.9% was <br />included for the full 2024 fiscal year, which equals about 19.9% for the portion of <br />the year the proposed rate increase includes. It is common for water and <br />recycled water rates to adjust during the fiscal year and as the budget is a <br />planning tool, the City will make any necessary refinements at the mid-year <br />budget check-in with the City Council. <br /> <br />12. Are there sufficient dollars for the new proposed rate increase in the <br />currently adopted budget given the City of Pleasanton, specifically the <br />Parks Division, is the largest water customer? <br />Water and recycled water costs for the Parks Division will increase; some costs, <br />such as the portion of insurance premiums related to the water system, are being <br />allocated to the enterprise fund, which will help to offset a portion of the <br />increased cost to the Parks Division. <br />In addition, the City is continuing water conservation, which helps with cost <br />savings. The City will not be turning on the splash pad at Val Vista Community <br />Park this summer and has recently completed a lawn conversion at the City’s <br />Civic Center. Additionally, the City is planning for less frequent watering of <br />landscaping and City parks to demonstrate its commitment to conservation. <br /> <br />13. How many FTEs are in the water enterprise? <br />There are currently 27.74 full-time employees plus 6.73 temporary staff for a total <br />of 34.47 FTEs (full-time equivalents). <br /> <br /> <br />Financing/loans: <br /> <br />14. Regarding the $6 million loan and related payment, how much of the <br />proposed rate increase is associated with this loan and its repayment? <br />The loan is intended to implement near-term water system improvement projects, <br />as well as advance the water supply alternative design and prepurchase of <br />equipment costs. The rate increases will generate an additional $38,642,626 in <br />revenues from FY24 to FY26. <br />The debt service associated with this loan from FY24 to FY26 is $4,157,546, <br />which is 11% of the proposed rate increase revenues. Without the proposed rate <br />increases, the total fund balance would be negative by FY25 due to purchased <br />water, operating, and capital costs.