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water utility's costs and not the expected impact to each customer class. Revenue adjustments in subsequent years <br /> are applied across all charges,classes,and tiers proportional to the base year rates developed for FY 2024.The <br /> revenue adjustments are effective on January 1 of every year. <br /> Tah+- 2 19: Prop:�sed Revenue Adjustrr—t—, <br /> Revenue AdIFY2026 <br /> Effective Month January January January <br /> Percent Adjustment 30% 20% 12% <br /> Table 2-20 shows the projected financial plan with the proposed revenue adjustments in Table 2-19 applied to the <br /> water rate revenues. Revenues from interest income(Lines 8 and 9)are greater than those shown in the status quo <br /> scenario(Table 2-18, Lines 8 and 9)due to additional cash from the proposed adjustments. O&M expenses(Line <br /> 18),debt service(Lines 21 and 22),and cash funded CIP(Lines 23 and 24)are the same as the status quo scenario. <br /> Net cash flow(Line 27)is positive in FY 2025 and beyond which means that the city will be funding its reserves in <br /> those years.Net cash flow is negative in FY 2024,which means that the City will be drawing down its water fund <br /> to pay for capital costs. The combined ending balance(Line 46)will not meet the reserve target(Line 47)in FY <br /> 2024 and FY 2025. The City recovers its reserves and meets the reserve target by FY 2026. Calculated debt service <br /> coverage(Line 31)exceeds target debt service coverage(Line 32)in all years through FY 2026. <br /> 28 CITY OF PLEASANTON <br />