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Figure 2-3: Status Quo Debt Service Coverage <br />Debt Coverage <br />2.00 <br />0.00 0.89) <br />FY FY 2025 FY 2026 <br />2.00 3.26) <br />4.00 <br />6.00 <br />8.00 9.03) <br />10.00 <br />Debt Coverage Target Coverage <br />Figure 2-4 shows the projected combined fund balances under the status quo scenario for the Study period.The <br />green bars represent the ending balances and the solid line represents the reserve target amounts. The water fund <br />will be under target in every year of the rate Study and fall below zero in FY 2025 and beyond. <br />Figure 2-4: Status Quo Scenario Fund Balances <br />Fund Balances - Total Funds <br />20 <br />C $ <br />15 <br />10 <br />5 <br />3.9 <br />0 <br />5)FY 2024 FY 2025 FY 2026 <br />10) <br />15)10.0 <br />20) <br />25) <br />30) 25.4 <br />mmm Ending Balances -Reserve Target <br />2.11. Proposed Financial Plan <br />Table 2-19 shows the proposed revenue adjustments that allow the City to maintain financial sufficiency, fund <br />operating and capital expenses,and build up cash reserves to achieve target fund balances by the end of the Study <br />period.The proposed revenue adjustments represent the increase to total rate revenues required to recover the <br />WATER AND RECYCLED WATER RATE STUDY REPORT 27