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HomeMy WebLinkAboutCity Council Packet 01-25-2011 SpecialCITY OF PLYMOUTH AGENDA SPECIAL COUNCIL MEETING January 25, 2011, 5:30 p.m. MEDICINE LAKE CONFERENCE ROOM 1. CALL TO ORDER 2. TOPICS A. Discuss updated Utility Rate Study and Utility Trunk Fund analysis B. Set Future Study Sessions 3. ADJOURN Special Council Meeting 1 of 1 January 25, 2011 rp)City of Plymouth Agenda 2ANumber: Adding Quality to Life To: Laurie Ahrens, City Manager SPECIAL COUNCIL MEETING Prepared by: Cal Portner, Administrative Services Director January 25, 2011 Reviewed by: Item: Discuss Utility Rate Study and Trunk Fund Analysis 1. ACTION REQUESTED: Discuss the utility rate study and trunk fund analysis and provide feedback/direction to staff. 2. BACKGROUND: Over the past few years, at the City Council's direction along with strong financial management practices, staff has undertaken a thorough review of city funds and operations. Water & Sanitary Sewer Rate Study In 2008, the city contracted with Ehlers and Associates to complete a utility rate study. The study incorporated our latest Comprehensive Plan, Capital Improvement Plan and water/sanitary sewer usage data to ensure our water and sanitary sewer funds were properly funded to meet the long-term needs of the community. Upon completion of the study, Ehlers recommended a periodic review of the study to ensure the study assumptions were as accurate as possible. The updated Water & Sanitary Sewer Rate Study has adjusted a number of the base assumptions including inflation, interest income, and water consumption rates. As a result of the changed assumptions, the final report recommends no rate changes. Utility Trunk Fund The city completed an analysis of the Utility Trunk Fund in 2005. The analysis recommended rate increases to ensure that new construction would pay for new infrastructure. Staff recently completed an updated Utility Trunk Fund analysis showing new construction is covering the cost of new infrastructure. Like the utility rate study, the new trunk fund analysis updates a number of assumptions and increases are proposed. Area Charges and REC Fee increases are on this evening's Regular Council Meeting agenda for consideration and approval. Comprehensive Annual Financial Report(CAFR) For CAFR reporting, all of the utility funds, water/sewer/trunk, etc. are combined for a total cash balance of approximately $22 million. The cash balance is reflected in the following utility funds as of 2009: Water $7.5 million Sewer $2.8 million Utility Trunk (expansion) $2 million Utility Trunk (replacement) $10 million Included within the Utility Trunk Fund is a replacement component, likely to offset broad swings in expenditures during the early years of community growth. The analysis includes a $5.5 million transfer from the Utility Trunk (replacement) to the Utility Trunk (expansion) as proposed in the report. In an effort to keep the Utility Trunk Fund expansion) distinctly separate, staff further recommends closing the Utility Trunk replacement) fund and transferring the remaining balance to the Water and Sanitary Sewer funds where we currently maintain dedicated replacement reserves. The actual figures will be updated upon final year-end close. 3. BUDGET IMPACT: The current budget for Water and Sanitary Sewer was based on the Ehlers study which recommended 5.5% rate increase. The updated study does not recommend an increase and would eliminate the transfers -out expenditure to Utility Trunk Fund (replacement). 4. ATTACHMENTS: Water & Utility Rate Study, December 2010 Utility Trunk Fund Analysis, December 2010 City of Plymouth Adding Quality to Life Water & Sanitary Sewer Utility Rate Study December 2010 Prepared By: Finance Division This page intentionally left blank Introduction This utility rate study was completed to update the financial projections for the water and sanitary sewer utilities. The purpose of this rate study is to ensure the following: Rates are sufficient to pay for the ongoing operations, capital improvements and to maintain adequate cash balances. 2. The rate structure distributes the costs of these utilities to users consistent with the policy objectives of the Council. Background The City has maintained a comprehensive long-range capital improvement program for many years focusing upon replacement of existing infrastructure and expansion for new growth. This study incorporates this plan in analyzing the future demands of maintaining the utility systems. The City's planning has resulted in very little debt for the utility systems. Only one bond issue is outstanding, a $13,140,000 G.O. Water Revenue Bond originally issued in 2004, with a remaining balance of $8,360,000. This bond will be retired in 2019. Assumptions The following chart summarizes the significant assumptions in the rate study. 2010 connections over -projected per Comprehensive Plan. Shifted half of excess to 2011 and half to 2012. 2Per the American City and County Magazine's published Construction Cost Index 21 Page Water Utility Sanitary Sewer Utility Growth New residential connections based on Table 3-3 of Comprehensive Plan: 2011-2012 - 215 per year' 2013-2015 -120 pe r yea r 2016-2020 -149 per year 2021-2025 - 122 per year Usage Usage per customer to remain steady. Operating Projections include increases of 3.8%2 annually to account for new demand and inflation. Expenses Capital Capital expenditures from 2010-2025 Capital expenditures from 2010-2025 Expenses estimated at $13.6M which is based on the estimated at $21.4M which is based on the City's Capital Improvement Program through City's Capital Improvement Program through 2015, and includes an inflation factor of 3.8% 2015, and includes an inflation factor of 3.8% for years beyond that. for years beyond that. Rates Projections in revenue are based on no Projections in revenue are based on no rate increase in 2011, 3.5% increase in 2012, 3.0% increase in 2011 and a 2% annual increase in 2013 and 2.5% in 2014. No projected thereafter through 2023. 3% increase in 2024 - increase thereafter. 2025. 2010 connections over -projected per Comprehensive Plan. Shifted half of excess to 2011 and half to 2012. 2Per the American City and County Magazine's published Construction Cost Index 21 Page Goals of a Utility Enterprise Rate Structure Water and sewer utility funds are reported in financial statements as enterprise funds, meaning that the charges for services are designed to cover the costs of operations. The Council should consider who should predominately pay for costs. While every community may weigh goals differently, the general goals of a utility rate structure are: Rates sufficient to cover capital and operating costs of the system Provide for adequate cash balances for cash-flow and contingencies Allocate costs appropriately to those that use the system Promote water conservation by charging higher rates for greater consumption Compliment the City's economic development goals Capital Needs The City has completed its Capital Improvement Plan (2011— 2015) which is incorporated into this rate study to ensure future capital needs are covered by the proposed rate structures. The CIP for the water and sewer utilities is provided in Appendix D, along with projected needs beyond the CIP timeframe. Water Utility Existing Water Fees The primary revenue sources of the water utility fund are usage fees, base, and demand charges. Usage Fees are based on the metered use of water and primarily used to cover the costs of maintenance and enhancements to the existing system. In 2009, usage and base fees accounted for 88.6% of the water fund's operating revenue, and demand charges accounted for 5.9%. The following charts illustrate the relationship between the total residential and commercial customers in comparison to the amount of revenue generated by each: Water Utility Customers Revenue Sources - 2010 Budget Count, Percent) $4,845,4001 40,498, 75% \ 97.66% Residential Commercial imo$1,648,971 970, 2.34% 25% Although the customer base is primarily residential, over 25% of the utility revenue comes from commercial billings. 31 Page Base Charges are fixed monthly fees based on the size of meter in the home or business, and were established to recover expenses incurred regardless of the amount of water consumed, such as utility staffing and the billing system. The base charge in 2010 for all customers is $3.37 per month. Demand Charges are billed to commercial users with meters 1 %" or greater. Residential With a three -tiered rate system, the typical resident will pay more for water used for irrigation than they will for water used in daily activities. Most metro area suburbs have adopted a tiered rate system for the following reasons: To promote conservation efforts. To allocate costs appropriately to those who are generating them. Cities construct water systems to meet the capacity of peak watering days in the heat of the summer. A tiered rate structure charges more per gallon for peak use, thereby allocating the cost of over -sizing the system for peak days to the peak users. The Minnesota Legislature requires a conservation rate structure for all metropolitan area public water suppliers, who serve more than 1,000 people. A public water supplier must also have a conservation rate structure in place before the State will grant approval for constructing an additional well or for a request to increase the authorized volume of appropriation. The Department of Natural Resources has provided further guidance that an increasing block rate means that there is a significant increase between the blocks to encourage conservation, or at least 25% cost increase between the first two tiers and at least 50% more between the last two. The current and recommended rate structures are in compliance with these guidelines, as there is a 25.4% increase between the first two tiers and a 71.9% increase between the last two. Usage fees account for nearly 83% of the residential billings, with the remaining 17% coming from the base charges. Residential usage fees total around $4 million per year, while base charges bring in over 800 thousand. CnmmPrrinl The average commercial consumption over the past three years (2008-2010) was 798,687,963 gallons. Commercial businesses, industrial, and institutional organizations are included in this category. They comprise 25% of the City's total water usage. The following table shows the top 10 commercial water users which account for 31% of the total commercial consumption and 8% of the overall total consumption. Honeywell Minntech Corp Boston Scientific5cimed Inc United Health Group Hutchinson Technology Plymouth Business Center Regency Plymouth Ventures Providence Academy Lifetime Fitness Inc Hennepin County cuuy usage in canons 61, 288,147 51, 562, 288 25, 584, 671 20, 214, 600 16, 541, 300 16, 434,100 16, 335, 644 13,477,400 12,143, 000 11, 520, 000 In addition to the usage fees, commercial users also have the same base charge as residential and a demand charge based on meter size. Commercial base and demand charges generate approximately 450,000 per year. Approximately 72% of commercial revenue is from usage fees, 26% from demand charges, and the remaining 2% from base charges. This is an area of opportunity for further conservation efforts. Changing the commercial usage rate structure to a tiered system could help support the City's goals of conservation. The following chart breaks down commercial usage by size and type of meter. 2010 Billing Total Count' Usage Minimum Maximum Average Median 11/2" meter 295 117,442,534 130 933,320 34,675 15,000 2" meter 135 90,105,554 1,000 1,383,500 57,465 27,000 3" meter 51 94,730,444 100 2,328,000 167,665 64,000 4" meter 20 90, 730, 716 100 2,898,000 403,248 191,700 6" meter 3 16,488,000 10,000 1,404, 000 515,250 425,700 Regular meter 261 47,225,376 10 743,000 17,043 4,600 Irrigation 379 270,278,550 10 2,180,300 123,415 76,000 727, 001,174 11,350 11, 870,120 1,318,761 804,000 Total billing count is not the some as individual accounts, as many businesses have more than one meter. 2 Irrigation rate added in 2010. Usage based on 2010April-November billings. Considering the primary purpose of a tiered rate structure is to promote conservation, it is difficult to identify a natural break in usage to determine where waste may be occurring due to the varying sizes employee count) of the businesses. In addition, tracking of irrigation usage just started in 2010, prior to which it was flowing through as overall usage. The lack of irrigation history makes any kind of trend analysis difficult, as 2010 was a wetter year than the couple of years prior. Irrigation accounted for 37% of total commercial usage last year. Based on this, in addition to calls received from residents, it may be worth looking at the rate structure for commercial irrigation. Residential irrigation is currently on a two- tiered rate structure, yet commercial only has one rate, regardless of gallons. The concern expressed from residents is that the rate is substantially lower than what residents pay for usage over 35,000 and they see businesses using sprinklers when it is raining. To encourage conservation by the commercial customers, the council should consider either tiering or raising the commercial irrigation rates. The average commercial irrigation usage in 2010 was 123,415 gallons and the median was 76,000. A second tier over the median value would help reconcile the variance between commercial and residential charges. A third tier could be considered for extraordinarily high usage, such as those over 500,000. 51 Page Current Water Rates The current billing structure is tiered based on consumption for residential and type of usage for commercial, with rates per 1,000 gallons as follows: Rate / 1,000aaI. Reaular Meter Irrigation-onlvMeter Residential 1.22 up to12,500gallons N/A 1.30 1.53 12,501 to 35,000 gallons up to 35,000 gallons 1.53 2.63 35,000 gallons 35,000 gallons Commercial 1.45 All regular usage N/A 2.63 1.81 N/A All irrigation usage Proposed Water Rates Based on the projections in Appendix C-1, increases would be needed in years 2012-2014 to maintain desired reserves in the water utility. The proposed rates are illustrated in the chart below. per 1, 000 gallons Proposed Residential Increases 0.00% 3.50% 3.00% 2.50% 0.00% in aallons 2010 2011 2012 2013 2014 2015 0 to 12,500 1.22 1.22 1.26 1.30 1.33 1.33 12,501 to 35,000 1.53 1.53 1.53 1.53 1.53 1.53 35,000 2.63 2.63 2.63 2.63 2.63 2.63 permonth Base Charge $3.37 $3.37 $3.49 $3.59 $3.68 $3.68 The affect of these rate increases on customers, by various consumption level are as follows: Projected Charges Gallons per Consumption Billing Level Period per customer, per month 2010 2011 2012 2013 2014 2015 Light 10,000 15.57 15.57 16.11 16.60 17.01 17.01 Average 25,000 37.75 37.75 38.40 38.97 39.47 39.47 Above Avg 50,000 93.26 93.26 93.91 94.49 94.99 94.99 Heavy 90,000 198.46 198.46 199.11 199.69 200.19 200.19 Note: Projections are based on proposed increases to base charges and usage rates. 61 Page permonth Proposed Commercial Increases 0.00% 3.50% 3.00% 2.50% 0.00% 2010 2011 2012 2013 2014 2015 Usage Fees $1.45 $1.45 $1.50 $1.55 $1.58 $1.58 Demand Charges 11/2" meter 41.91 41.91 43.38 44.68 45.80 45.80 2" meter 62.87 62.87 65.07 67.02 68.70 68.70 3" meter 130.98 130.98 135.56 139.63 143.12 143.12 4" meter 209.58 209.58 216.92 223.42 229.01 229.01 6" meter 419.16 419.16 433.83 446.85 458.02 458.02 The water fund had a cash balance of $7,600,594 as of 12/31/09. One of the goals of completing a utility study is to identify appropriate cash balances. An operating reserve is used to accommodate fluctuations in revenue and expenses due to weather or unforeseen events. A capital reserve should be maintained to provide funding for the CIP and for unexpected repairs that will not be funded by growth. This type of reserve helps minimize the reliance on debt and allows for a steadier rate structure over time. Due to several larger projects over the next couple of years, the cash balances would fall below the recommended reserve in 2013 and 2014 by $421,000 and $235,000 respectively. A temporary transfer of $500 thousand from the Water Sewer Replacement fund in 2013 could be made to maintain the desired reserve. This transfer could be paid back in 2015. The Water Sewer Replacement fund has a projected balance of $5.7 million, which is in addition to the reserves shown in Appendix C, for unforeseen shortages in either the water or sewer fund. Because of this excess reserve, we do not believe the transfer is necessary, but the option is available if unforeseen circumstances caused the cash balances to be even lower than projections. With or without the transfer, increases of 2.5-3.5% are needed in 2012-2014 to maintain the desired long-term cash reserves in the water utility. This includes increases to usage, base and demand charges. We acknowledge that future trends may vary from assumptions made in this study and therefore recommend regular updates and adjustments if necessary. The calculations used to determine recommended reserve balances (shown in Appendix C-1) are described below. The differences in the cash balances with and without the $500,000 transfer are also shown in Appendix C-1, lines 76-97. Water Fund Recommendations 1) We recommend that the Council adopt the rates as presented in this study. We would also recommend that the Council update the study from time to time to make certain that rates are keeping pace with inflation and capital needs. 2) We recommend that the City Council discuss changes to the commercial irrigation rate. 3) Target Operating and Capital Reserves a. Operating Reserve We recommend the City maintain an operating reserve of an amount equal to three months of operating expenses, including depreciation, 100% of the following year's debt service and 50% of the following year's capital costs. b. Capital Reserve We recommend the capital reserve be maintained at 10% of accumulated depreciation. 71 Page The following graph shows the trend for the estimated cash balance in comparison to the recommended target reserves (see Appendix C-1): 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 Water Fund Reserves tiQ titi tiV ti ti ti ti ti^ ti ti tiQ) Lti br tiM ti0 ,ti0 ,ti0 ,ti0 ,ti0 ,ti0 ,ti0 ,LO ,ti0 ,ti0 ,ti0 ,ti0 ,ti0 ,ti0 ,ti0 ,ti0 Estimated Actual Reserve (Target Reserves 81 Page Sanitary Sewer Utility The City of Plymouth participates in the Metropolitan Council Environmental Services (MCES) sanitary sewer system. The City is responsible for the sewer collection system within the city limits and then pays MCES disposal fees for treatment. With an increase of 3.8% in 2010 and a budgeted increase of 3.2% for 2011, we projected future increases at 3.8% per year. These fees comprise approximately 67% of the sewer utility's operating expenses. Depreciation accounts for 11%, leaving only 22% of operating expenses within the City's control. Existing Sewer Fees The primary source of funding for the sewer utility fund is usage fees. Sewer usage fees are set at a single -rate structure, which includes a base fee of $4.94 per month plus a usage fee of $2.90 per 1,000 gallons for commercial and residential. The base fee helps cover the costs of expenses incurred regardless of usage, such as utility billing software and staff, while the usage fees are primarily to cover the costs of maintenance and enhancements to the existing system. Proposed Sewer Rates Based on the projections in Appendix C-2, it appears increases would be needed to maintain adequate reserves in the sewer utility. With conservation already encouraged with a tiered residential water rate structure, we do not believe it is necessary to change sewer rates to a tiered system. The proposed rates are illustrated in the chart below. Proposed Increases 0.00% 2.00% 2.00% 2.00% 2.00% 2010 2011 2012 2013 2014 2015 base fee 1 $4.94 4.94 5.04 5.14 5.24 $5.35 per 1,000 gallons 1 2.90 2.90 2.96 3.02 3.08 3.14 The impact of the increases is summarized by various usage levels in the following chart. Projected Charges Consumption Level Gallons per Month 2010 customer, 2011 2012 2013 month 2014 2015 Light 10,000 33.94 33.94 34.62 35.31 36.02 36.74 Average 25,000 77.44 77.44 78.99 80.57 82.18 83.82 Above Avg 50,000 149.94 149.94 152.94 156.00 159.12 162.30 Heavy 90,000 265.94 265.94 271.26 276.68 282.22 287.86 Note: Projections are based on proposed increases to base charges and usage rates. 91 Page Cash Balances The sewer fund had a cash balance of $2,827,452 as of 12/31/09. One of the goals of completing a utility study is to identify appropriate cash balances. As with the water fund, an operating reserve should be maintained to accommodate fluctuations in revenue and expenses due to weather or unforeseen events. A capital reserve should be maintained to provide funding for the CIP and for unexpected repairs that will not be funded by growth. The calculations used to determine recommended reserve balances (shown in Appendix C-2) are described below. Sewer Fund Recommendations 1) Target Operating and Capital Reserves a. Operating Reserve We recommend the City maintain an operating reserve of an amount equal to thee months of operating expenses, including depreciation, 100% of the following year's debt service and 50% of the following year's capital costs. b. Capital Reserve We recommend the capital reserve be maintained at 5% of accumulated depreciation. The following graph shows the trend for the estimated cash balance in comparison to the recommended target reserve (see Appendix C-2): 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 Sewer Fund Reserves tiQ titi til ti11) ti1 1 tih ti0 Cb ti tiQ titi ti ti ti tih LO ,LO ,LO ,LO ,LO ,LO ,LO ,LO ,LO ,LO ,y0 ,y0 ,LO ,y0 ,y0 ,y0 Estimated Actual Reserve (Target Reserve 101 Page Summary The City of Plymouth has managed its utility funds well, and as a result has been able to pay for almost all improvements on a cash basis. The rate study indicates that future increases are necessary to maintain cash balances and pay for capital improvements as well as debt. However, due to the current economy and goals of the Council, we are recommending no increase to either water or sewer rates for 2011, with increases in 2012-2014 for water and, annual increases of 2% to sewer rates in 2012 and beyond. See Appendix A for comparison of the Plymouth's rates to other neighboring cities. The results of this analysis conclude that the recommended rate increases should eliminate the need to issue debt. The utility fund balances should be reviewed regularly to determine whether the available cash is sufficient to cover upcoming capital and operational expenses to identify potential shortages early and reevaluate the option to issue new debt. Appendix A Comparisons to Other Cities' Rates Appendix B Historical Usage Trends Appendix C Water and Sewer Utility Projections Appendix D Capital Improvement Plans for Water and Sewer 11'ae Appendix A Comparisons to Other Cities' Rates The graphs below compare monthly water sewer charges based on 2010 rates and 20,000 gallons per month. Water Sewer Base Usage Base Usage Total Plymouth 3.37 31.41 4.94 58.00 97.72 Bloomington' 5.85 52.30 12.82 0.00 70.97 Brooklyn Park 1.10 39.00 1.10 50.00 91.20 Eden Prairie 2.08 35.00 2.08 44.00 83.17 Maple Grove 5.12 18.00 5.50 27.00 55.62 Minnetonka 0.00 41.38 0.00 59.00 100.38 Sewer charged at flat rate through 2010. Changing to $2.64/1,000 gallons in 2011, which would increase the usage fees to $52.80 for 20,000 gallons used. 2Minimum usage for water and sewer of 4,000 gallons/mo. Plymouth Bloomington Brooklyn Park Eden Prairie Maple Grove Minnetonka Water Rate Comparison 0.00 10.00 20.00 30.00 40.00 50.00 Plymouth Bloomington Brooklyn Park Eden Prairie Maple Grove Minnetonka continued...) Sewer Rate Comparison 0.00 10.00 20.00 30.00 40.00 50.00 60.00 Base Usage Base Usage Appendix A continued from previous page) Plymouth Bloomington Brooklyn Park Eden Prairie Maple Grove Minnetonka Total Bill Comparison 0.00 20.00 40.00 60.00 80.00 100.00 Appendix A 80000 70000 60000 50000 40000 30000 20000 10000 0 80000 70100 61000 50000 40000 30000 20000 10000 D Appendix B Historical Usage Trends Annual Per Capita Water Demand (mg) vti a a nct 0 0 0 0 n f rr .q ,-q ra ra to r"a ra -J -a r, PIJ M Per Capita Dcmamd FOPUlation Linear IPe( Ca{aita L7ernand) Linear IPopulation) Annual Per Capita Sewer Flows (mg) Sewer Flows Linear (Sower FlowsM Linear (PopulationI Appendix B Daily Per Capita Water Usage and Sewer Flows 180«0 160. 60.E 40.00 PROD o«O m r-@ M o m , e k 2 / \ / &J L d k Demand Rainfall {,a J SEWEPbw5 LinrS mm¢ near (Aa nfaOnR LI near {5cwuFlows I Appendix 1 Revenue growth assumption -non-usage 2 Investment income yield 3 Expense growth - personnel 4 Expense growth - all other 5 6 7 Beginning net assets 8 7 Operating Revenues 9 Water Utility Charges - Residential 10 Water Utility Charges - Commercial 11 Demand Charges 12 Penalties' 13 Fire Hydrant Inspection 14 Permits 15 Antennae Charges 16 Water Meter Sales 17 Other 18 Additional Revenue - new growth 19 20 Total Operating Revenues 21 22 Operating Expenses 23 Personal Services 24 Additional person for WTP (2015) 25 Materials & Supplies 26 Employee Development & Meetings 27 Dues & Subscriptions 28 Contractual Services 29 Equipment 30 Other Expenses 31 Depreciation 32 Allocations 33 34 Total Operating Expenses 35 36 Net Operations 37 38 Non operatino revenues (expenses) 39 Interest on Investments 40 Interest on Special Assessments 41 Capital contributions 42 Debt Service - Interest 43 Transfers In (Out) 44 Water Sewer Construction 45 Utility Trunk Replacement 46 Public Facilities 47 Central Equipment 48 General 49 Improvement Project Construction 50 Information Technology 51 Risk Management 52 Employee Benefits 53 54 Total non operating revenue (expense 55 56 Net increase (decrease)in resources 57 58 Ending net assets City of Plymouth Water Fund Performance Actual Budget' Projections 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2.0091 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 1.50% 1.50% 1.50% 1.50% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00-A 3.00% 3.00% 3.00% 2.00% 2.00% 2.00% 2.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 54,652,063 54,208,836 53,765,612 53,114,261 52,490,112 52,270,154 52,141,780 52,072,832 51,864,026 51,723,448 51,513,459 51,231,610 50,875,362 50,419,321 49,867,166 49,213,039 48,450,600 47,572,994 88.56% 3,476,892 3,831,995 4,000,000 3,980,000 5,014,989 5,165,439 5,294,575 5,294,575 5,294,575 5,294,575 5,294,575 5,294,575 5,294,575 5,294,575 5,294,575 5,294,575 5,294,575 5,294,575 1,493,706 1,591,356 1,750,000 1,853,750 1,302,655 1,341,735 1,375,278 1,375,278 1,375,278 1,375,278 1,375,278 1,375,278 1,375,278 1,375,278 1,375,278 1,375,278 1,375,278 1,375,278 401,176 415,468 425,000 416,625 441,365 454,606 465,971 465,971 465,971 465,971 465,971 465,971 465,971 465,971 465,971 465,971 465,971 465,971 47,228 53,686 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000. 40,000. 40,000 40,000 40,000 54,635 60,000 60,000 61,200 62,424 63,672 64,946 66,245 67,570 68,921 70,300 71,706 73,140 74,602 76,095 77,616 79,169 7,031 4,386 7,000 7,031 7,172 7,315 7,461 7,611 7,763 7,918 8,076 8,238 8,403 8,571 8,742 8,917 9,095 9,277 88,405 105,795 93,000 93,000 94,860 96,757 98,692 100,666 102,680 104,733 106,828 108,964 111,144 113,366 115,634 117,946 120,305 122,712 19,191 40,736 20,000 20,000 20,400 20,808 21,224 21,649 22,082 22,523 22,974 23,433 23,902 24,380 24,867 25,365 25,872 26,390 75,657 26,030 58,946 95,652 133,772 178,163 227,871 285,658 350,022 420,965 498,485 582,584 670,679 764,173 863,067 967,360 1,077,052 5,609,286 6,124,087 6,395,000 6,529,352 7,078,293 7,322,856 7,545,037 7,598,567 7,660,251 7,728,591 7,803,588 7,885,244 7,973,561 8,065,959 8,163,843 8,267,213 8,376,073 8,490,423 1,770,178 1,802,125 1,587,549 1,609,987 1,642,187 1,675,030 1,708,531 1,742,702 1,794,983 1,848,832 1,904,297 1,961,426 2,020,269 2,080,877 2,143,303 2,207,602 2,273,830 2,342,045 65,000 660,194 721,502 642,600 708,900 723,078 737,540 752,290 767,336 790,356 814,067 838,489 863,644 889,553 916,240 943,727 972,038 1,001,200 1,031,236 4,952 5,291 12,600 12,600 12,852 13,109 13,371 13,639 14,048 14,469 14,903 15,350 15,811 16,285 16,774 17,277 17,795 18,329 3,285 3,437 4,700 4,700 4,888 5,084 5,287 5,498 5,718 5,947 6,185 6,432 6,690 6,957 7,235 7,525 7,826 8,139 1,441,025 1,344,977 1,723,138 1,783,338 1,854,672 1,928,858 2,006,013 2,086,253 2,169,703 2,256,491 2,346,751 2,440,621 2,538,246 2,639,776 2,745,367 2,855,182 2,969,389 3,088,164 5,775 9,279 10,050 8,550 8,892 9,248 9,618 10,002 10,402 10,818 11,251 11,701 12,169 12,656 13,162 13,689 14,236 14,806 4,684 4,782 5,000 5,000 5,200 5,408 5,624 5,849 6,083 6,327 6,580 6,843 7,117 7,401 7,697 8,005 8,325 8,658 2,543,610 2,499,455 2,500,000 2,500,000 2,514,000 2,568,667 2,622,667 2,634,333 2,649,480 2,665,203 2,681,523 2,698,463 2,716,047 2,734,300 2,753,245 2,772,911 2,793,324 2,814,513 463,290 508,457 446,972 428,527 445,668 463,495 482,035 501,316 521,369 542,223 563,912 586,469 609,928 634,325 659,698 686,086 713,529 742,070 6,896,993 6,899,305 6,932,609 7,061,602 7,211,436 7,406,438 7,605,435 7,831,929 7,962,143 8,164,378 8,373,892 8,590,950 8,815,829 9,048,816 9,290,209 9,540,315 9,799,455 10,067,961 1,287,707) 775,218) 537,609) 532,250) 133,143) 83,582) 60,398) 233,362) 301,892) 435,788) 570,304) 705,706) 842,268) 982,857) 1,126,366) 1,273,101) 1,423,382) 1,577,537) 324,069 67,248 100,000 100,000 76,471 88,382 91,236 88,142 187,400 212,885 235,041 253,943 269,213 313,688 355,225 393,648 428,763 460,363 17,274 10,964 15,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 237,427 867,459 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 375,175) 352,412) 335,756) 308,913) 280,300) 250,188) 216,800) 180,600) 143,100) 104,100) 63,600) 21,500) 730,443) 84,556) 28,952 4,771) 75,000) 79,567) 82,567) 82,567) 82,567) 82,567) 82,567) 82,567) 82,567) 82,567) 82,567) 82,567) 82,567) 82,567) 82,567) 82,567) 82,567) 82,567) 938,127) 60,904) 10,000) 10,000) 10,000) 10,000) 10,000) 10,000) 10,000) 10,000) 10,000) 10,000) 10,000) 10,000) 10,000) 10,000) 10,000) 10,000) 10,000) 10,000) 48,950) 50,419) 50,419) 50,419) 50,419) 50,419) 50,419) 50,419) 50,419) 50,419) 50,419) 50,419) 50,419) 50,419) 50,419) 50,419) 50,419) 50,419) 18,775) 1,617,700) 331,994 113,742) 91,899) 85,815) 44,792) 8,550) 24,556 161,314 225,799 288,455 349,457 386,227 430,702 472,239 510,662 545,777 577,377 2,905,407) 443,224) 651,351) 624,149) 219,958) 128,374) 68,948) 208,806) 140,578) 209,989) 281,849) 356,248) 456,040) 552,155) 654,127) 762,440) 877,605) 1,000,161) 51,746,656 53,765,612 53,114,261 52,490,112 52,270,154 52,141,780 52,072,832 51,864,026 51,723,448 51,513,459 51,231,610 50,875,362 50,419,321 49,867,166 49,213,039 48,450,600 47,572,994 46,572,834 New anticipated growth added to budgeted numbers for 2011. 2 Penalties estimated to remain stable. Not usually addressed in fee increases. 7 N 59 CIP Funding 60 Current year Capital 61 Additional Capital Equipment for WTP (2015) 62 Bond Proceeds 63 Bond Principal -20048 Issue 64 Total Capital & Related Debt 65 66 Accumulated Depreciation 67 Beginning Accumulated Depreciation 68 Expensed 69 Ending Accumulated Depreciation 70 71 Cash 72 Beginning Cash 73 Add net increase (decrease)in resources( 74 Add back depreciation (31) 75 Less capital contributions (41) 76 Less capital and related debt principal(64) 77 Net other 78 Ending Cash 79 2013 -Temporary Transfer from Replaceme 80 81 Target Operating Reserve 82 Target Capital Reserve 83 Total Target Reserves 84 Excess/(Shortfall) City of Plymouth Water Fund Performance Actual Budget' Projections 2008 2009 1 2010 2011 1 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1,668,570) nt 145,460) 2,887,000) 1,250,000) 420,000) 1,640,000) 1,620,000) 350,000) 454,412) 471,679) 489,603) 508,208) 527,520) 547,566) 568,373) 589,971) 612,390) 635,661) 86 Capital Outlay Coverage 835.84% 206.99% 268.97% 407.85% 235.69% 222.41% 450.28% 35,000) 483.83% 515.58% 534.66% 1701.13% 1909.59% 2083.29% 2224.11% 2333.82% 2414.09% 2560.19% 745,000) 760,000) 785,000) 805,000) 830,000) 860,000) 890,000) 920,000) 955,000) 995,000) 1,030,000) 1,075,000) 2,413,570) 905,460) 3,672,000) 2,055,000) 1,250,000) 2,500,000) 2,510,000) 1,305,000) 1,409,412) 1,466,679) 1,519,603) 1,583,208) 527,520) 547,566) 568,373) 589,971) 612,390) 635,661) 9,031,593 7,568,212 7,600,594 29,555,779 32,055,779 34,555,779 37,069,779 39,638,446 42,261,112 44,895,446 47,544,926 50,210,129 52,891,652 55,590,116 58,306,163 61,040,463 63,793,708 66,566,619 69,359,943 651,351) 2,500,000 2,500,000 2,514,000 2,568,667 2,622,667 2,634,333 2,649,480 2,665,203 2,681,523 2,698,463 2,716,047 2,734,300 2,753,245 2,772,911 2,793,324 2,814,513 27,056,323 29,555,779 32,055,779 34,555,779 37,069,779 39,638,446 42,261,112 44,895,446 47,544,926 50,210,129 52,891,652 55,590,116 58,306,163 61,040,463 63,793,708 66,566,619 69,359,943 72,174,456 9,031,593 7,568,212 7,600,594 5,527,243 5,098,094 5,892,136 6,082,429 5,876,147 6,246,675 7,096,165 7,834,700 8,464,771 8,973,778 10,456,265 11,840,844 13,121,589 14,292,089 15,345,418 56) 3,672,000) 651,351) 624,149) 219,958) 128,374) 68,948) 208,806) 140,578) 209,989) 281,849) 356,248) 456,040) 552,155) 654,127) 762,440) 877,605) 1,000,161) 7,568,212 7,600,594 5,527,243 2,500,000 2,500,000 2,514,000 2,568,667 2,622,667 2,634,333 2,649,480 2,665,203 2,681,523 2,698,463 2,716,047 2,734,300 2,753,245 2,772,911 2,793,324 2,814,513 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 1,389,968 2,727,408 1,894,314 3,672,000) 2,055,000) 1,250,000) 2,500,000) 2,510,000) 1,305,000) 1,409,412) 1,466,679) 1,519,603) 1,583,208) 527,520) 547,566) 568,373) 589,971) 612,390) 635,661) 7,568,212 7,600,594 5,527,243 5,098,094 5,892,136 5,582,429 5,876,147 6,746,675 7,096,165 7,834,700 8,464,771 8,973,778 10,456,265 11,840,844 13,121,589 14,292,089 15,345,418 16,274,109 Fund 1 5,099,891 4,918,737 5,768,775 6,002,003 500,000 5,895,386 500,000) 6,392,887 6,637,507 8,026,729 8,366,603 8,710,785 9,059,435 9,412,721 9,770,815 10,052,266 99 Excess/(Shortfall) 1,389,968 2,727,408 1,894,314 1,463,159 2,061,798 2,038,159 1,393,582 1,405,842 1,386,034 1,371,875 1,348,342 2,467,717 2,535,987 2,606,739 2,680,064 2,756,059 2,834,821 2,834,821 2,705,632 2,955,578 3,205,578 3,455,578 3,706,978 3,963,845 4,226,111 4,489,545 4,754,493 5,021,013 5,289,165 5,559,012 5,830,616 6,104,046 6,379,371 6,656,662 6,935,994 7,217,446 4,095,601 5,682,986 5,099,891 4,918,737 5,768,775 6,002,003 5,619,693 5,895,386 6,140,527 6,392,887 6,637,507 8,026,729 8,366,603 8,710,785 9,059,435 9,412,721 9,770,815 10,052,266 3,472,611 1,917,608 427,352 179,357 123,361 80,425 256,454 351,288 955,638 1,441,812 1,827,264 947,049 2,089,662 3,130,059 4,062,154 4,879,368 5,574,602 6,221,842 85 86 Capital Outlay Coverage 835.84% 206.99% 268.97% 407.85% 235.69% 222.41% 450.28% 478.69% 483.83% 515.58% 534.66% 1701.13% 1909.59% 2083.29% 2224.11% 2333.82% 2414.09% 2560.19% 87 88 2013 - Without Temporary Transfer from Replacement Fund 89 Beginning Cash 9,031,593 7,568,212 7,600,594 5,527,243 5,098,094 5,892,136 5,582,429 5,368,647 6,266,675 7,116,165 7,854,700 8,484,771 8,993,778 10,476,265 11,860,844 13,141,589 14,312,089 15,365,418 90 Add net increase (decrease)in resources (56) 651,351) 624,149) 219,958) 128,374) 76,448) 216,306) 140,578) 209,989) 281,849) 356,248) 456,040) 552,155) 654,127) 762,440) 877,605) 1,000,161) 91 Add back depreciation (31) 2,500,000 2,500,000 2,514,000 2,568,667 2,622,667 2,634,333 2,649,480 2,665,203 2,681,523 2,698,463 2,716,047 2,734,300 2,753,245 2,772,911 2,793,324 2,814,513 92 Less capital contributions (41) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 93 Less capital and related debt principal(64) 3,672,000) 2,055,000) 1,250,000) 2,500,000) 2,510,000) 1,270,000) 1,409,412) 1,466,679) 1,519,603) 1,583,208) 527,520) 547,566) 568,373) 589,971) 612,390) 635,661) 94 Ending Cash 7,568,212 7,600,594 5,527,243 5,098,094 5,892,136 5,582,429 5;368,647 6,266,675 7,116,165 7,854,700 8,484,771 8,993,778 10,476,265 11,860,844 13,141,589 14;312,089 15;365,418 16,294,109 95 96 Target Operating Reserve 1,389,968 2,727,408 1,894,314 1,463,159 2,061,798 2,038,159 1,393,582 1,405,842 1,386,034 1,371,875 1,348,342 2,467,717 2,535,987 2,606,739 2,680,064 2,756,059 2,834,821 2,834,821 97 Target Capital Reserve 2,705,632 2,955,578 3,205,578 3,455,578 3,706,978 3,963,845 4,226,111 4,489,545 4,754,493 5,021,013 5,289,165 5,559,012 5,830,616 6,104,046 6,379,371 6,656,662 6,935,994 7,217,446 98 Total Target Reserves 4,095,601 5,682,986 1 5,099,891 4,918,737 5,768,775 6,002,003 5,619,693 5,895,386 6,140,527 6,392,887 6,637,507 8,026,729 8,366,603 8,710,785 9,059,435 9,412,721 9,770,815 10,052,266 99 Excess/(Shortfall) 3,472,611 1,917,608 1 427,352 179,357 123,361 419,575) 251,046) 371,288 975,638 1,461,812 1,847,264 967,049 2,109,662 3,150,059 4,082,154 4,899,368 5,594,602 6,241,842 100 101 102 Statistical 103 As a %of Operating Revenue 104 Usage fees 88.61% 88.56% 89.91% 89.35% 89.25% 88.86% 88.40% 87.78% 87.07% 86.30% 85.47% 84.59% 83.65% 82.69% 81.70% 80.68% 79.63% 78.56% 105 Base & Demand Charges 6.48% 5.85% 6.29% 6.05% 5.95% 5.93% 5.90% 5.86% 5.75% 5.68% 5.62% 5.55% 5.48% 5.39% 5.31% 5.22% 5.14% 5.06% 106 107 108 Alternate - Elimination afReplacement Reserve Fund 109 Beginning Cash 7,600,594 5,527,243 7,663,094 8,457,136 8,147,429 7,941,147 8,811,675 9,661,165 10,399,700 11,029,771 11,538,778 13,021,265 14,405,844 15,686,589 16,857,089 17,910,418 110 45% Replacement Reserve Cash 2,565,000 111 Add net increase (decrease)in resources (56) 651,351) 624,149) 219,958) 128,374) 68,948) 208,806) 140,578) 209,989) 281,849) 356,248) 456,040) 552,155) 654,127) 762,440) 877,605) 1,000,161) 112 Add back depreciation (31) 2,500,000 2,500,000 2,514,000 2,568,667 2,622,667 2,634,333 2,649,480 2,665,203 2,681,523 2,698,463 2,716,047 2,734,300 2,753,245 2,772,911 2,793,324 2,814,513 113 Less capital contributions (41) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 250,000) 114 Less capital and related debt principal(64) 3,672,000) 2,055,000) 1,250,000) 2,500,000) 2,510,000) 1,305,000) 3,409,412) 1,466,679) 1,519,603) 1,583,208) 527,520) 547,566) 568,373) 589,971) 612,390) 635,661) 115 Ending Cash 7,569,212 7,600,594 5,527,243 7,663,094 8,457,136 8,147,429 7,941,147 8,811,675 9,661,165 10,399,700 11,029,771 11,538,778 13,021,265 14,405,844 15,686,589 16,857,089 17,910,418 18,839,109 116 117 Target Operating Reserve 1,894,314 1,463,159 2,061,798 2,038,159 1,393,582 1,405,842 1,386,034 1,371,875 1,348,342 2,467,717 2,535,987 2,606,739 2,680,064 2,756,059 2,834,821 2,834,821 118 Target Capital Reserve 3,205,578 3,455,578 3,706,978 3,963,845 4,226,111 4,489,545 4,754,493 5,021,013 5,289,165 5,559,012 5,830,616 6,104,046 6,379,371 6,656,662 6,935,994 7,217,446 119 Total Target Reserves 5,099,891 4,918,737 5,76$775 6,002,003 5,619,693 5,895,386 6,140,527 6,392,887 6,637,507 8,026,729 8,366,603 8,710,785 9,059,435 9,412,721 9,770,815 10,052,266 120 Excess /(Shortfall) 427,352 2,744,357 2,688,361 2,145,425 2,321,454 2,916,288 3,520,638 4,006,812 4,392,264 3,512,049 4,654,662 5,695,059 6,627,154 7,444,368 8,139,602 8,786,842 X n N 1 Revenue growth assumption - non -usage 2 Investment income yield 3 Expense growth - personnel 4 Expense growth - all other 5 6 7 Beginning net assets 8 9 Operating Revenues 10 Sewer Utility Charges - Residential 11 Sewer Utility Charges - Commercial 12 Penaltie52 13 Permits 14 Other 15 Additional Revenue - new growth 16 17 Total Operating Revenues 18 19 Operating Expenses 20 Personal Services 21 Materials & Supplies 22 Employee Development & Meetings 23 Contractual Services 24 Equipment 25 Other Expenses 26 Depreciation 27 Allocations 28 29 Total Operating Expenses 30 31 Net Operations 32 33 Non operating revenues (expenses) 34 Interest an Investments 35 Capital contributions 36 Transfers In (Out) 37 Water Sewer Construction 38 Utility Trunk Replacement 39 Public Facilities 40 Central Equipment 41 General 42 Improvement Project Construction 43 Resource Planning 44 Risk Management 45 Employee Benefits 46 47 Total non operating revenue (expenses) 48 49 Net increase (decrease)in resources 50 51 Ending net assets City of Plymouth Sewer Fund Performance Actual Budget' Projections 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 1.50% 1.50% 1.50% 1.50% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 2.00% 2.00% 2.00% 2.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.80% 3.80% 3.80% 3.80% 3.80% 3.80% 3.80% 3.80% 3.80% 3.80% 3.80% 3.80% 3.80% 3.80% 32,864,456 32,337,688 31,764,921 31,987,915 33,004,462 34,096,811 35,139,756 36,093,259 36,956,456 37,808,365 38,552,821 39,182,745 39,677,433 40,029,096 40,256,159 40,338,341 40,261,673 40,114,159 4,311,271 4,532,942 4,600,000 5,100,000 6,370,690 6,498,104 6,628,066 6,760,627 6,895,840 7,033,756 7,174,432 7,317,920 7,464,279 7,613,564 7,765,835 7,921,152 8,158,787 8,403,550 2,354,504 2,340,850 2;800,000 3,000,000 1,871,156 1,908,579 1,946,750 1,985,685 2,025,399 2,065,907 2,107,225 2,149,370 2,192,357 2,236,204 2,280,928 2,326,547 2,396,343 2,468,234 69,952 67,369 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 6,831 4,226 7,000 7,000 7,140 7,283 7,428 7,577 7,729 7,883 8,041 8,202 8,366 8,533 8,704 8,878 9,055 9,236 9,114 16,613 10,000 10,000 85,844 135,477 186,102 214,959 244,393 274,416 312,297 350,936 390,347 430,547 471,550 505,881 540,898 576,965 614,115 6,751,672 6,962,000 7,477,000 8,262,844 8,444,463 8,660,067 8,857,204 9,058,283 9,263,384 9,479,844 9,700,633 9,925,839 10,155,548 10,389,852 10,621,348 10,857,475 11,201,151 11,555,135 929,775 935,882 816,494 826,263 842,788 859,644 876,837 894,374 921,205 948,841 977,306 1,006,625 1,036,824 1,067,929 1,099,967 1,132,966 1,166,955 1,201,963 101,439 100,396 143,600 144,700 147,594 150,546 153,557 156,628 161,327 166,167 171,152 176,286 181,575 187,022 192,633 198,412 204,364 210,495 5,152 2,795 6,000 6,000 6,120 6,242 6,367 6,495 6,689 6,890 7,097 7,310 7,529 7,755 7,988 8,227 8,474 8,728 4,715,126 5,075,696 5,133,738 5,147,513 5,343,118 5,546,157 5,756,911 5,975,674 6,202,749 6,438,454 6,683,115 6,937,073 7,200,682 7,474,308 7,758,332 8,053,148 8,359,168 8,676,816 1,147 3,505 5,050 5,050 5,242 5,441 5,648 5,862 6,085 6,316 6,557 6,806 7,064 7,333 7,611 7,901 8,201 8,512 4,494 4,744 5,000 5,000 5,190 5,387 5,592 5,804 6,025 6,254 6,492 6,738 6,994 7,260 7,536 7,822 8,120 8,428 831,739 833,887 835,000 835,000 858,333 907,000 957,333 1,002,333 1,037,388 1,102,075 1,139,845 1,213,898 1,254,592 1,296,833 1,340,679 1,386,191 1,433,433 1,482,469 325,751 372,235 272,910 240,557 249,698 259,187 269,036 279,259 289,871 300,886 312,320 324,188 336,507 349,294 362,568 376,345 390,646 405,491 6,914,623 7,329,140 7,217,792 7,210,083 7,458,084 7,739,604 8,031,281 8,326,429 8,631,339 8,975,883 9,303,882 9,678,924 10,031,768 10,397,734 10,777,313 11,171,012 11,579,360 12,002,903 162,951) 367,140) 259,208 1,052,761 986,378 920,463 825,923 731,854 632,044 503,961 396,751 246,914 123,780 7,882) 155,964) 313,537) 378,209) 447,768) 106,406 15,474 45,000 45,000 52,185 68,695 73,794 77,557 166,080 186,709 179,387 193,987 174,097 181,160 184,360 183,084 176,909 168,469 186,914 269,572 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 850,246) 374,188) 125,000) 125,000) 26,391) 4,771) 54,000) 56,643) 58,643) 58,643) 58,643) 58,643) 58,643) 58,643) 58,643) 58,643) 58,643) 58,643) 58,643) 58,643) 58,643) 58,643) 58,643) 58,643) 32,314) 7,500) 36,477) 37,571) 37,571) 37,571) 37,571) 37,571) 37,571) 37,571) 37,571) 37,571) 37,571) 37,571) 37,571) 37,571) 37,571) 37,571) 37,571) 37,571) 1,168 10,000) 10,000) 10,000) 704,940) 205,627) 36,214) 36,214) 105,971 122,481 127,580 131,343 219,866 240,495 233,173 247,773 227,883 234,946 238,146 236,870 230,695 222,255 867,891) 572,767) 222,994 1,016,547 1,092,349 1,042,944 953,503 863,197 851,910 744,456 629,924 494,688 351,663 227,063 82,181 76,667) 147,514) 225,513) 31,996,565 31,764,921 31,987,915 33,004,462 34,096,811 35,139,756 36,093,259 36,956,456 37,808,365 38,552,821 39,182,745 39,677,433 40,029,096 40,256,159 40,338,341 40,261,673 40,114,159 39,888,646 New anticipated growth added to budgeted numbers for 2011. 2 Penalties estimated to remain stable. Not usually addressed in fee increases. 52 Met Council Detail 53 MCES Portion of Operating Expenses 54 MCES %of Operating Expenses 55 56 CIP Funding 57 Current Year Capital 58 Bond Proceeds 59 Bond Principal 60 Total Capital & Related Debt 62 Accumulated Depreciation 63 Depreciation as %of Operating Expenses 64 65 Beginning Accumulated Depreciation 66 Expensed 67 Ending Accumulated Depreciation 68 69 Cash 70 Beginning Cash 71 Add net increase (decrease)in resources (4 72 Add back depreciation (26) 73 Less capital contributions (35) 74 Less capital and related debt principal (60) 75 Netother 76 Ending Cash 77 78 Target Operating Reserve 79 Target Capital Reserve 80 Total Target Reserves 81 Excess / (Shortfall) 83 Capital Outlay Coverage 84 85 Alternate - Elimination of Replacement Reser 86 Beginning Cash 87 55% Replacement Reserve Cash 88 Add net increase (decrease)in resources (' 89 Add back depreciation (30) 90 Less capital contributions (40) 91 Less capital and related debt principal(62) 92 Ending Cash 93 94 Target Operating Reserve 95 Target Capital Reserve 96 Total Target Reserves 97 Excess / (Shortfall) D IDID CL X n N ry O3 3 s; rDCL City of Plymouth Sewer Fund Performance Actual Budget' Projections 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 4,429,433 4,630,076 4,700,000 4,850,400 5,034,715 5,226,034 5,424,624 5,630,759 5,844,728 6,066,828 6,297,367 6,536,667 6,785,061 7,042,893 7,310,523 7,588,323 7,876,679 8,175,993 64.06% 63.17% 65.12% 67.27% 67.51% 67.52% 67.54% 67.63% 67.72% 67.59% 67.69% 67.54% 67.64% 67.73% 67.83% 67.93% 68.02% 68.12% 882,560) (374,188) 748,000) 1,210,000) 700,000) 1,460,000) 1,510,000) 1,350,000) 1,051,639) 1,940,624) 1,133,082) 2,221,595) 1,220,832) 1,267,224) 1,315,378) 1,365,362) 1,417,246) 1,471,102) 882,560) (374,188) 748,000) 1,210,000) 700,000) 1,460,000) 1,510,000) 1,350,000) 1,051,639) 1,940,624) 1,133,082) 2,221,595) 1,220,832) 1,267,224) 1,315,378) 1,365,362) 1,417,246) 1,471,102) 12.03% 11.38% 11.57% 11.58% 11.51% 11.72% 11.92% 12.04% 12.02% 12.28% 12.25% 12.54% 12.51% 12.47% 12.44% 12.41% 12.38% 12.35% 13,148,551 13,983,551 14,818,551 15,676,884 16,583,884 17,541,218 18,543,551 19,580,939 20,683,014 21,822,859 23,036,757 24,291,350 25,588,183 26,928,862 28,315,053 29,748,486 835,000 835,000 858,333 907,000 957,333 1,002,333 1,037,388 1,102,075 1,139,845 1,213,898 1,254,592 1,296,833 1,340,679 1,386,191 1,433,433 1,482,469 12,314,665 13,148,551 13,983,551 14,818,551 15,676,884 16,583,884 17,541,218 18,543,551 19,580,939 20,683,014 21,822,859 23,036,757 24,291,350 25,588,183 26,928,862 28,315,053 29,748,486 31,230,955 3,422,933 2,827,452 2,987,446 3,478,993 4,579,676 4,919,620 5,170,457 5,535,987 6,223,646 5,979,554 6,466,241 5,803,231 6,038,654 6,145,327 6,102,809 5,896,971 5,615,643 9) 222,994 1,016,547 1,092,349 1,042,944 953,503 863,197 851,910 744,456 629,924 494,688 351,663 227,063 82,181 76,667) 147,514) 225,513) 835,000 835,000 858,333 907,000 957,333 1,002,333 1,037,388 1,102,075 1,139,845 1,213,898 1,254,592 1,296,833 1,340,679 1,386,191 1,433,433 1,482,469 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 748,000) 1,210,000) 700,000) 1,460,000) 1,510,000) 1,350,000) 1,051,639) 1,940,624) 1,133,082) 2,221,595) 1,220,832) 1,267,224) 1,315,378) 1,365,362) 1,417,246) 1,471,102) 3,422,933 2,827,452 2,987,446 3,478,993 4,579,676 4,919,620 5,170,457 5,535,987 6,223,646 5,979,554 6,466,241 5,803,231 6,038,654 6,145,327 6,102,809 5,896,971 5,615,643 5,251,498 2,019,379 2,178,448 2,407,521. 2,214,521 2,664,901 2,762,820 2,756,607 2,683,654 3,214,283 2,892,511 3,530,529 3,118,358 3,233,045 3,352,017 3,475,434 3,603,463 3,736,277 3,736,277 615,733 657,428 699,178 740,928 783,844 829,194 877,061 927,178 979,047 1,034,151 1,091,143 1,151,838 1,214,567 1,279,409 1,346,443 1,415,753 1,487,424 1,561,548 2,635,112 2,835,876 3,106,698 2,955,449 3,448,745 3,592,014 3,633,668 3,610,832 4,193,330 3,926,662 4,621,672 4,270,196 4,447,613 4,631,426 4,821,877 5,019,216 5,223,701 5,297,824 787,821 (8,424) 119,252) 523,545 1,130,931 1,327,606 1,536,788 1,925,155 2,030,316 2,052,891 1,844,569 1,533,035 1,591,041 1,513,901 1,280,932 877,755 391,942 46,326) 914.76% 378.00% 246.90% 497.00% 313.68% 325.80% 383.00% 526.42% 320.70% 527.72% 291.06% 475.35% 476.53% 467.19% 446.97% 416.09% 381.73% 356.98% ne Fund 2,827,452 2,987,446 6,613,993 7,714,676 8,054,620 8,305,457 8,670,987 9,358,646 9,114,554 9,601,241 8,938,231 9,173,654 9,280,327 9,237,809 9,031,971 8,750,643 3,135,000 5) 222,994 1,016,547 1,092,349 1,042,944 953,503 863,197 851,910 744,456 629,924 494,688 351,663 227,063 82,181 76,667) 147,514) 225,513) 835,000 835,000 858,333 907,000 957,333 1,002,333 1,037,388 1,102,075 1,139,845 1,213,898 1,254,592 1,296,833 1,340,679 1,386,191 1,433,433 1,482,469 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 150,000) 748,000) 1,210,000) 700,000) 1,460,000) 1,510,000) 1,350,000) 1,051,639) 1,940,624) 1,133,082) 2,221,595) 1,220,832) 1,267,224) 1,315,378) 1,365,362) 1,417,246) 1,471,102) 3,422,933 2,827,452 2,987,446 6,613,993 7,714,676 8,054,620 8,305,457 8,670,987 9,358,646 9,114,554 9,601,241 8,938,231 9,173,654 9,280,327 9,237,809 9,031,971 8,750,643 8,386,498 2,407,521 2,214,521 2,664,901 2,762,820 2,756,607 2,683,654 3,214,283 2,892,511 3,530,529 3,118,358 3,233,045 3,352,017 3,475,434 3,603,463 3,736,277 3,736,277 699,178 140,928 783,844 829,194 877,061 927,178 979,047 1,034,151 1,091,143 1,151,838 1,214,567 1,279,409 1,346,443 1,415,753 1,487,424 1,561,548 3,106,698 2,955,449 3,448,745 3,592,014 3,633,668 3,610,832 4,193,330 3,926,662 4,621,672 4,270,196 4,447,613 4,631,426 4,821,877 5,019,216 5,223,701 5,297,824 119,252) 3,658,545 1 4,265,931 4,462,606 4,671,788 5,060,155 5,165,316 5,187,891 4,979,569 4,668,035 4,726,041 4,648,901 4,415,932 4,012,755 3,526,942 3,088,674 CASH Ending Cash Balances 1 Water 2 Sewer 3 Water Sewer Replacement at 12/22/10 5 Total Ending Cash Target Operating Reserve - Water Target Capital Reserve - Water Target Operating Reserve - Sewer Target Capital Reserve - Sewer Total Target Reserves Excess / (Shortfall) X n w City of Plymouth Utility Funds Combined Cash 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5,527,243 5,098,094 5,892,136 5,582,429 5,876,147 6,746,675 7,096,165 7,834,700 8,464,771 8,973,778 10,456,265 11,840,844 13,121,589 14,292,089 15,345,418 16,274,109 2,987,446 3,478,993 4,579,676 4,919,620 5,170,457 5,535,987 6,223,646 5,979,554 6,466,241 5,803,231 6,038,654 6,145,327 6,102,809 5,896,971 5,615,643 5,251,498 11,268,583 5,768,583 5,768,583 5,768,583 5,768,583 5,768,583 5,768,583 5,768,583 5,768,583 5,768,583 5,768,583 5,768,583 5,768,583 5,768,583 5,768,583 5,768,583 20,246,426 20,501,170 19,783,272 14,345,670 16,240,395 16,270,632 16,815,187 18,051,244 19,088,394 19,582,836 20,699,595 20,545,592 22,263,502 23,754,754 24,992,981 25,957,643 26,729,644 27,294,190 1,389,968 2,727,408 1,894,314 1,463,159 2,061,798 2,038,159 1,393,582 1,405,842 1,386,034 1,371,875 1,348,342 2,467,717 2,535,987 2,606,739 2,680,064 2,756,059 2,834,821 2,834,821 2,705,632 2,955,578 3,205,578 3,455,578 3,706,978 3,963,845 4,226,111 4,489,545 4,754,493 5,021,013 5,289,165 5,559,012 5;830,616 6,104,046 6,379,371 6,656,662 6,935,994 7,217,446 2,019,379 2,178,448 2,407,521 2,214,521 2,664,901 2,762,820 2,756,607 2,683,654 3;214,283 2,892,511 3,530,529 3,118,358 3,233,045 3,352,017 3,475,434 3,603,463 3,736,277 3,736,277 615,733 657,428 699,178 740,928 783,844 829,194 877,061 927,178 979,047 1,034,151 1,091,143 1,151,838 1,214,567 1,279,409 1,346,443 1,415,753 1,487,424 1,561,548 6,730,713 8,518,862 8,206,590 7,874,186 9,217,521 9,594,018 9,253,362 9,506,218 10,333,856 10,319,550 11,259,178 12,296,925 12,814,216 13,342,211 13,881,313 14,431,937 14,994,516 15,350,091 13,515,713 11,982,308 11,576,682 6,471,485 7,022,874 6,676,614 7,561,826 8,545,026 8,754,537 9,263,287 9,440,416 8,248,667 9,449,286 10,412,542 11,111,669 11,525,706 11,735,128 11,944,099 City of Plymouth Water Utility Capital Improvement Program Inflation Rate 3.80% PROJECT DESCRIPTION PROJECT# 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Funding Provided by Water Fund Well refurbishing 07-W-002 220,000 220,000 220,000 220,000 220,000 250,000 Future well refurbishing 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 Paint MIP water tower 09-W-003 50,000 550,000 Rpl altitude valve- central water tower 10-W-001 35,000 Paint Zachary watertower 12-W-001 60,000 70,000 1,000,000 Paint CR 101 water tower 14-W-001 45,000 100,000 1,200,000 Rpl roof - pump house #1 10 -FM -001 16,000 Rpl roof - pump house #3 10 -FM -002 16,000 CR101-CR6 to CR24 08 -ST -003 400,000 CR24 - 30th Ave to CR101 08 -ST -004 300,000 8th Avenue street reconstruction 09 -ST -010 100,000 2010 street recon - district #72 10 -ST -001 2,000,000 Polaris Lane reconstruction 10 -ST -002 50,000 Annapolis Lane reconstruction 11 -ST -004 50,000 Harbor Lane reconstruction 11 -ST -007 50,000 Lancaster Lane reconstruction 11 -ST -008 275,000 2012 street reconstruction 11 -ST -001 100,000 2013 street reconstruction 13 -ST -001 100,000 2014 street reconstruction 14 -ST -001 100,000 Hwy 55 frontage road reconstruction 14 -ST -002 50,000 2015 street reconstruction 15 -ST -002 100,000 Future street reconstruction 100,000 100,000 1 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 Total Water Fund 2,887,000 1,250,000 420,000 1,640,000 1,620,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 Inflated Total 454,412 471,679 489,603 508,208 527,520 547,566 568,373 589,971 612,390 635,661 Note: Years beyond current CIP Document (2015) are inflated at a 3.8% rate, based on the American City and County Magazine's published Construction Cost Index. D DDID73. X v N City of Plymouth Sanitary Sewer Utility Capital Improvement Program Inflation Rate 3.80% PROJECT DESCRIPTION PROJECT# 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ronin Oln1';- A,, I --.- Sanitary sewer maintenance - annual 06 -SS -003 450,000 500,000 510,000 570,000 630,000 710,000 810,000 810,000 Future sanitary sewer annual maint 1,051,639 1,940,624 1,133,082 2,221,595 1,220,832 1,267,224 1,315,378 1,365,362 710,000 710,000 710,000 710,000 710,000 710,000 710,000 710,000 710,000 710,000 Imperial Hills lift station 11 -SS -001 140,000 600,000 Note: Years beyond current CIP Document (2015) are inflated at a 3.8% rate, based on the American City and County Magazine's published Construction Cost Index. Ferndale N lift station 13 -SS -001 100,000 700,000 28th Ave lift station 14 -SS -001 100,000 700,000 Greentree West lift station 15 -SS -001 140,000 600,000 Waterfront lift station 630,000 Bass Lake Plaza lift station 720,000 8th Avenue reconstruction 09 -ST -010 8,000 2010 street reconstruction 10 -ST -001 100,000 Polaris Lane reconstruction 10 -ST -002 50,000 Annapolis Lane reconstruction 11 -ST -004 50,000 Harbor Lane reconstruction 11 -ST -007 50,000 Lancaster Lane reconstruction 11 -ST -008 10,000 2012 street reconstruction 90,000 2013 street reconstruction 13 -ST -001 40,000 2014 street reconstruction 14 -ST -001 40,000 Hwy 55 frontage road reconstruction 14 -ST -002 50,000 2015 street reconstruction 15 -ST -002 40,000 Future street reconstruction 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 Total Sewer Fund 748,000 1,210,000 700,000 1,460,000 1,510,000 1,350,000 810,000 1,440,000 810,000 1,530,000 810,000 810,000 810,000 810,000 810,000 810,000 Inflated Total 1,051,639 1,940,624 1,133,082 2,221,595 1,220,832 1,267,224 1,315,378 1,365,362 1,417,246 1,471,102 Note: Years beyond current CIP Document (2015) are inflated at a 3.8% rate, based on the American City and County Magazine's published Construction Cost Index. Dvnm CL X C Plymouth Adding Quality to Life Utility Trunk Fund Analysis December 2010 Prepared By: Finance Division Introduction This analysis was done to update the financial projections for the trunk expansion fund and ensure the following: 1. Rates are sufficient to support the expansion of the water and sewer utilities to undeveloped areas. 2. Revenue sources are restricted to new users going forward. 3. An adequate cash balance is maintained to cover fluctuations in revenue and expenses. Background The Utility Trunk Fund (expansion) was created to track the cost of adding water and sewer mains to new developments and assist in evaluating whether the incoming revenue from new development was adequate to cover the related expenses. In 2005, an analysis was presented to the City Council to update the water and sewer area charges and connection fees to ensure that costs associated with new water and sewer infrastructure were supported by the rate structure. This analysis was requested to reevaluate the rates and update the assumptions based on the most current data available. Interest rates, project forecasts, growth rates, and inflationary factors were adjusted to reflect the most current economic conditions. As part of the utility enterprise fund group, many of the same considerations should be made for rates related to expansion activity as those for the ongoing operations and replacement, such as: 1) Rates are sufficient to cover expansion of infrastructure 2) Adequate cash balances are maintained for cash flow and contingencies 3) Allocate costs appropriately to those that use the system 4) Complement the city's economic development goals Assumptions The following are the significant assumptions made in this analysis: 1) Adjusted 2010 figures to reflect estimated actual. The 2008 Comprehensive Plan could not have anticipated the poor economy and decline in growth in the development plan. a) Lowered the estimated 380 connections in 2010 to 190 due to economy. b) Spread remaining 190 connections to 2011 and 2012, 95 connections each year. c) 2010 revenue and expenses adjusted to reflect the reduced growth. 2) Growth new residential connections based on Table 3-3 of the 2008 Comprehensive Plan. a) 2011-2012, adjusted to account for 215 connections per year (adjusted by 95 per year to capture the 2010 shortage). 11 Page b) 2013-2015, adjusted to account for 120 new connections per year. c) 2016-2020, adjusted to account for 149 new connections per year. d) 2021-2025, adjusted to account for 122 new connections per year. 3) Expenses a) Capital — 2011 through 2015 obtained from approved Capital Improvement Plan CIP). b) Capital beyond 2015 and all other expenses projected to increase 3.8% annually based on the published Construction Cost Index by American City and County Magazine). 4) Proposed transfer of $5.5 million from the Utility Trunk (replacement) Fund to obtain an adequate cash flow. 5) Rates — 3.8% annual increase, beginning in 2011, to keep up with anticipated inflation. 6) Water Treatment Plant — matches the CIP with the third plant proposed for construction in the last year of the CIP. The 2011-2015 CIP was referenced for this study, as well as the city's 2008 Comprehensive Plan. The CIP for trunk expansion is provided in Appendix D, along with projected needs beyond the CIP timeframe. Overview and Recommendations The city receives two types of revenues from new growth, Area Charges and Connection Fees (REC Fees). The revenue generated by new construction is intended to provide funding for the expansion of utility services to new developments. Expansion may include the addition of water and or sanitary sewer mains as well as facilities or the upgrade of facilities to accommodate growth. These charges allocate the cost of the improvements to those who will derive benefit. Water and Sanitary Sewer Area Charges are based on the land area associated with the development, and are charged at a rate designated per acre. Residential Equivalency Connection Fees (REC Fees) for water and sanitary sewer are based on the number of units added to the new development. Water and sanitary sewer connection fees are based on the number of Residential Equivalency Units (REU) assigned to their usage. An REU is defined as the use of 225 gallons per day, the equivalent of a typical single-family dwelling. Based on the 2011-2015 CIP and the 2008 Comprehensive Plan, Area Charges are expected to generate approximately $535,000 in 2010 and $143,000 in 2011. REC Fees should raise approximately $235,000 and $318,000, respectively. Expenses related to capital projects for utility expansion are estimated at $2,420,000 in 2010 and $1,590,000 in 2011. Appendix D shows a summary of the planned expansion -related capital projects through 2025. Currently, the Utility Trunk Funds are comprised of two components (trunk expansion and trunk replacement). In order to allow the Utility Trunk Fund (expansion) to positively cash flow, we recommend a one-time transfer of $5.5 million from Utility Trunk (replacement) to the Utility Trunk (expansion) as indicated in the analysis. At conclusion of development, this amount can be transferred back to Water and Sanitary Sewer Funds. In order to keep up with the expenses of new development, we also recommend annual rate increases of 3.8% to the Area Charges and REC Fees for both water and sewer for a minimum of 21 Page five years, at which time new development is planned to level out and the financial demands on the Utility Trunk Fund (expansion) are reduced. The biggest variable in this study is whether a third water treatment plant will be needed. The current study assumes construction of the plant in 2015. Proposed Increases 3.80% 3.80% 3.80% 3.80% 3.80% 2010 2011 2012 2013 2014 2015 Sewer Area 950 986 1,024 1,062 1,103 1,145 Water Area 3,525 3,659 3,798 3,942 4,092 4,248 Sewer REC 400 415 431 447 464 482 Water REC 1,025 1,064 1,104 1,146 1,190 1,235 Note: Area charges are per acre and connection (REQ charges are per REU. With such large disparities between these revenue streams and the related capital costs, we plan to review the rates annually. Cash Reserves We recommend that the cash balance of the Utility Trunk Fund be maintained at 75% of the following year's expected capital expenditures as defined by approved CIP and the Comprehensive Plan. If the recommendations in this report are followed, the trend for the estimated cash balance in comparison to the recommended target reserve should stay positive, as shown in the following graph: 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 rl N M 1Z3' Ln l0 r M M O ci N M -ZT M ri c -I r1 ri c -I ci ri 1-1 —1 N N N N N N O O O O O O O O O O O O O O O N N N N N N N N N N N N N N N Estimated Cash Balance Recommended Target Reserve If growth matches the Comprehensive Plan, there will be very little development beyond 2019; the demand for expansion will dissipate as the city nears ultimate development, leaving the fund with a reserve. We recommend this balance be maintained until which time there is no longer a need for expansion projects. Any excess at the time of ultimate development may be transferred to the Water & Sanitary Sewer Funds. 31 Page Summary The Trunk Funds (expansion and replacement) are a part of the Water and Sanitary Sewer Utility Funds. The funds are combined and reported as an Enterprise Fund in the city's Comprehensive Annual Financial Report (CAFR). As an Enterprise Fund, the charges for services should be designed to cover the costs of operations. The City Council had elected to charge utility expansion projects to new developments, therefore funding the projects by those users that derive the benefit. In order to support the intentions of the City Council, a one-time transfer of $5.5 million to the Trunk Fund (expansion) is suggested in 2011 for cash flow purposes. The transfer will ensure fund sustainability for the construction of the planned new water treatment plant. Also included is a 3.8% annual increase to the Water and Sanitary Sewer Area Charges and REC Fees through 2015. Appendix A Cash flow Projections Appendix B Water Revenue Projections — Current and Proposed Appendix C Sewer Revenue Projections — Current and Proposed Appendix D Water and Sewer Expense Projections 41 Page City of Plymouth Utility Trunk Expansion Cashflow Interest Rate 1.00% 1. , 2.00% 2.00% 2.00% 2.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Current Rates (with recommended transfer) Beginning Cash 1,887,301 (59,847) 4,638,453 5,280,120 5,883,525 6,732,663 98,956 623,447 1,388,606 1,769,529 2,616,212 2,653,702 3,601,431 4,550,629 4,690,152 5,620,405 Revenue Sewer Area 41,937 88,311 133,358 156,106 178,114 163,290 150,367 137,853 143,798 149,568 155,163 149,275 143,551 137,991 132,595 127,364 Water Area 155,609 327,679 494,830 579,237 660,896 605,891 557,939 511,507 533,568 554,977 575,735 553,887 532,648 512,018 491,997 472,586 Sewer REC 75,980 86,136 86,136 48,136 48,136 48,136 59,544 59,544 59,544 59,544 59,544 48,876 48,876 48,876 48,876 48,876 Water REC 180,453 .204,573 204,573 114,323 114,323 114,323 141,417 141,417 141,417 141,417 141,417 116,081 116,081 116,081 116,081 116,081 Interest 18,873 81,602 92,769 105,602 117,670 134,653 2,969 18,703 41,658 53,086 78,486 79,611 108,043 136,519 140,705 168,612 Total Revenue 472,852 788,301 1,011,666 1,003,405 1,119,139 1,066,292 912,236 869,024 919,985 958,593 1,010,346 947,729 949,198 951,484 930,253 933,518 Expense Sewer 250,000 300,000 100,000 180,000 - 100,000 212,634 103,866 - 111,909 246,844 - - - - 699,875 Water 2,170,000 1,290,000 270,000 220,000 270,000 7,600,000 175,110 - 539,062 - 726,012 - - 811,962 - 1,137,296 Total Expense 2,420,000 1,590,000 370,000 400,000 270,000 7,700,000 387,745 103,866 539,062 111,909 972,855 811,962 1,837,171 Net Income (Loss) at Current Rates (1,947,148) (801,699) 641,666 603,405 849,139 (6,633,708) 524,491 765,159 380,923 846,683 37,490 947,729 949,198 139,522 930,253 (903,653) Proposed Rates (with recommended transfer) Beginning Cash 1,887,301 (59,847) 4,674,775 5,382,699 6,057,194 7,005,135 503,730 1,199,691 2,155,215 2,747,741 3,822,852 4,101,025 5,281,181 6,464,250 6,839,291 8,006,918 Revenue Sewer Area 41,937 90,117 138,797 164,537 190,578 180,841 172,588 162,994 172,236 180,230 186,971 179,876 172,978 166,279 159,777 153,473 Water Area 155,609 334,382 515,008 610,519 707,145 671,014 640,394 604,794 639,085 668,747 693,761 667,433 641,840 616,981 592,856 569,465 Sewer REC 75,980 89,409 92,807 53,835 55,880 58,004 71,750 71,750 71,750 71,750 71,750 58,896 58,896 58,896 58,896 58,896 Water REC 180,453 229,111 237,817 137,951 143,193 148,635 183,861 183,861 183,861 183,861 183,861 150,920 150,920 150,920 150,920 150,920 Interest 18,873 81,602 93,495 107,654 121,144 140,103 15,112 35,991 64,656 82,432 114,686 123,031 158,435 193,927 205,179 240,208 Total Revenue 472,852 824,622 1,077,924 1,074,496 1,217,940 1,198,596 1,083,705 1,059,390 1,131,588 1,187,020 1,251,028 1,180,155 1,183,069 1,187,003 1,167,627 1,172,961 Expense Sewer 250,000 300,000 100,000 180,000 - 100,000 212,634 103,866 - 111,909 246,844 - - - - 699,875 Water 2,170,000 1,290,000 270,000 220,000 270,000 7,600,000 175,110 - 539,062 - 726,012 - - 811,962 - 1,137,296 Total Expense 2,420,000 1,590,000 370,000 400,000 270,000 7,700,000 387,745 103,866 539,062 111,909 972,855 811,962 1,837,171 Net Income (Loss) at Proposed Rates (1,947,148) (765,378) 707,924 674,496 947,940 (6,501,404) 695,960 955,524 592,526 1,075,111 278,173 1,180,155 1,183,069 375,041 1,167,627 (664,210) Ending Cash Balances Transfer from Fund 412' 5,500,000 w/ Current Rates 1,887,301 (59,847) 4,638,453 5,280,120 5,883,525 6,732,663 98,956 623,447 1,388,606 1,769,529 2,616,212 2,653,702 3,601,431 4,550,629 4,690,152 5,620,405 4,716,752 w/ Proposed Rates 1,887,301 (59,847) 4,674,775 5,382,699 6,057,194 7,005,135 503,730 1,199,691 2,155,215 2,747,741 3,822,852 4,101,025 5,281,181 6,464,250 6,839,291 8,006,918 7,342,708 Recommended Reserve 75% Following Year's Capital 1,192,500 277,500 300,000 202,500 5,775,000 290,808 77,899 404,297 83,932 729,642 - - 608,971 - 1,377,878 - Excess/(Shortfall)-Current (1,252,347) 4,360,953 4,980,120 5,681,025 957,663 (191,853) 545,548 984,309 1,685,597 1,886,571 2,653,702 3,601,431 3,941,658 4,690,152 4,242,527 4,716,752 Excess/(Shortfall)-Proposed (1,252,347) 4,397,275 5,082,699 5,854,694 1,230,135 212,922 1,121,792 1,750,919 2,663,809 3,093,211 4,101,025 5,281,181 5,855,279 6,839,291 6,629,040 7,342,708 Transfer recommended as a result of Trunk Fund analysis City of Plymouth Projected Water Revenues at Current Rates Area Charees Interest on Area Assessments 3.24% Current Area Charge 3,525 Per acre 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Total Principal 2010 133,915 133,915 133,915 133,915 133,915 669,574 Interest 2010 21,694 17,355 13,017 8,678 4,339 65,083 Principal 2011 151,815 151,815 151,815 151,815 151,815 759,074 Interest 2011 24,594 19,675 14,756 9,838 4,919 73,782 Principal 2012 151,815 151,815 151,815 151,815 151,815 759,074 Interest 2012 24,594 19,675 14,756 9,838 4,919 73,782 Principal 2013 84,840 84,840 84,840 84,840 84,840 424,199 Interest 2013 13,744 10,995 8,246 5,498 2,749 41,232 Principal 2014 84,840 84,840 84,840 84,840 84,840 424,199 Interest 2014 13,744 10,995 8,246 5,498 2,749 41,232 Principal 2015 84,840 84,840 84,840 84,840 84,840 424,199 Interest 2015 13,744 10,995 8,246 5,498 2,749 41,232 Principal 2016 104,946 104,946 104,946 104,946 104,946 524,732 Interest 2016 17,001 13,601 10,201 6,801 3,400 51,004 Principal 2017 104,946 104,946 104,946 104,946 104,946 524,732 Interest 2017 17,001 13,601 10,201 6,801 3,400 51,004 Principal 2018 104,946 104,946 104,946 104,946 104,946 524,732 Interest 2018 17,001 13,601 10,201 6,801 3,400 51,004 Principal 2019 104,946 104,946 104,946 104,946 104,946 524,732 Interest 2019 17,001 13,601 10,201 6,801 3,400 51,004 Principal 2020 104,946 104,946 104,946 104,946 104,946 524,732 Interest 2020 17,001 13,601 10,201 6,801 3,400 51,004 Principal 2021 86,144 86,144 86,144 86,144 86,144 430,720 Interest 2021 13,955 11,164 8,373 5,582 2,791 41,866 Principal 2022 86,144 86,144 86,144 86,144 344,576 Interest 2022 13,955 11,164 8,373 5,582 39,075 Principal 2023 86,144 86,144 86,144 258,432 Interest 2023 13,955 11,164 8,373 33,493 Principal 2024 86,144 86,144 172,288 Interest 2024 13,955 11,164 25,120 Principal 2025 86,144 86,144 Interest 2025 13,955 13,955 Total Area Charges 155,609 327,679 494,830 579,237 660,896 605,891 557,939 511,507 533,568 554,977 575,735 553,887 532,648 512,018 491,997 472,586 8,121,004 Connection Fees Current Connection Fee $950.00 Total Connection Fees 180,453 204,573 204,573 114,323 114,323 114,323 141,417 141,417 141,417 141,417 141,417 116,081 116,081 116,081 116,081 116,081 2,220,055 Total Area and Connection $ 336,061 $ 532,252 $ 699,403 $ 693,560 $ 775,219 $ 720,214 $ 699,356 $ 652,924 $ 674,985 $ 696,394 $ 717,152 $ 669,968 $ 648,728 $ 628,098 $ 608,078 $ 588,666 $ 10,341,059 W N D m3Q X City of Plymouth Projected Water Revenue with Proposed Rate Increases Interest on Area Assessments 3.24% Rate Increase V 3.80% Area Charges 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Total Area Charges Assessed (Per REU) $ 3,525 $ 3,659 3,798 $ 3,942 $ 4,092 $ 4,248 4,248 4,248 $ 4,248 4,248 $ 4,248 4,248 4,248 4,248 $ 4,248 4,248 Principal 2010 133,915 133,915 133,915 133,915 133,915 669,574 Interest 2010 21,694 17,355 13,017 8,678 4,339 65,083 Principal 2011 157,584 157,584 157,584 157,584 157,584 787,918 Interest 2011 25,529 20,423 15,317 10,211 5,106 76,586 Principal 2012 163,572 163,572 163,572 163,572 163,572 817,859 Interest 2012 26,499 21,199 15,899 10,599 5,300 79,496 Principal 2013 94,884 94,884 94,884 94,884 94,884 474,418 Interest 2013 15,371 12,297 9,223 6,148 3,074 46,113 Principal 2014 98,489 98,489 98,489 98,489 98,489 492,446 Interest 2014 15,955 12,764 9,573 6,382 3,191 47,866 Principal 2015 102,232 102,232 102,232 102,232 102,232 511,159 Interest 2015 16,562 13,249 9,937 6,625 3,312 49,685 Principal 2016 126,460 126,460 126,460 126,460 126,460 632,301 Interest 2016 20,487 16,389 12,292 8,195 4,097 61,460 Principal 2017 126,460 126,460 126,460 126,460 126,460 632,301 Interest 2017 20,487 16,389 12,292 8,195 4,097 61,460 Principal 2018 126,460 126,460 126,460 126,460 126,460 632,301 Interest 2018 20,487 16,389 12,292 8,195 4,097 61,460 Principal 2019 126,460 126,460 126,460 126,460 126,460 632,301 Interest 2019 20,487 16,389 12,292 8,195 4,097 61,460 Principal 2020 126,460 126,460 126,460 126,460 126,460 632,301 Interest 2020 20,487 16,389 12,292 8,195 4,097 61,460 Principal 2021 103,803 103,803 103,803 103,803 103,803 519,017 Interest 2021 16,816 13,453 10,090 6,726 3,363 50,448 Principal 2022 103,803 103,803 103,803 103,803 415,214 Interest 2022 16,816 13,453 10,090 6,726 47,085 Principal 2023 103,803 103,803 103,803 311,410 Interest 2023 16,816 13,453 10,090 40,359 Principal 2024 103,803 103,803 207,607 Interest 2024 16,816 13,453 30,269 Principal 2025 103,803 103,803 Interest 2025 16,816 16,816 Total Area Charges 155,609 334,382 515,008 610,519 707,145 671,014 640,394 604,794 639,085 668,747 693,761 667,433 641,840 616,981 592,856 569,465 9,329,034 Connection Fees Connection Fee per REU) $ 950 $ 986 $ 1,024 $ 1,062 $ 1,103 $ 1,145 $ 1,145 $ 1,145 $ 1,145 $ 1,145 $ 1,145 $ 1,145 $ 1,145 $ 1,145 $ 1,145 $ 1,145 Total Connection Fees 194,699 229,111 237,817 137,951 143,193 148,635 183,861 183,861 183,861 183,861 183,861 150,920 150,920 150,920 150,920 150,920 2,765,309 Total Area and Connection $ 350,308 $ 563,493 $ 752,825 $ 748,470 $ 850,338 $ 819,649 $ 824,254 $ 788,655 $ 822,946 $ 852,608 $ 877,621 $ 818,353 $ 792,760 $ 767,901 $ 743,776 $ 720,385 $ 12,094,343 W N 'Per the American City and County Magazine's published Construction Cost Index D 5, m3Q X n N City of Plymouth Projected Sewer Revenues at Current Rates Area Charees Interest on Area Assessments 3.24% Current Area Charge 950 Per acre 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Total Principal 2010 36,091 36,091 36,091 36,091 36,091 180,453 Interest 2010 5,847 4,677 3,508 2,339 1,169 17,540 Principal 2011 40,915 40,915 40,915 40,915 40,915 204,573 Interest 2011 6,628 5,303 3,977 2,651 1,326 19,884 Principal 2012 40,915 40,915 40,915 40,915 40,915 204,573 Interest 2012 6,628 5,303 3,977 2,651 1,326 19,884 Principal 2013 22,865 22,865 22,865 22,865 22,865 114,323 Interest 2013 3,704 2,963 2,222 1,482 741 11,112 Principal 2014 22,865 22,865 22,865 22,865 22,865 114,323 Interest 2014 3,704 2,963 2,222 1,482 741 11,112 Principal 2015 22,865 22,865 22,865 22,865 22,865 114,323 Interest 2015 3,704 2,963 2,222 1,482 741 11,112 Principal 2016 28,283 28,283 28,283 28,283 28,283 141,417 Interest 2016 4,582 3,666 2,749 1,833 916 13,746 Principal 2017 28,283 28,283 28,283 28,283 28,283 141,417 Interest 2017 4,582 3,666 2,749 1,833 916 13,746 Principal 2018 28,283 28,283 28,283 28,283 28,283 141,417 Interest 2018 4,582 3,666 2,749 1,833 916 13,746 Principal 2019 28,283 28,283 28,283 28,283 28,283 141,417 Interest 2019 4,582 3,666 2,749 1,833 916 13,746 Principal 2020 28,283 28,283 28,283 28,283 28,283 141,417 Interest 2020 4,582 3,666 2,749 1,833 916 13,746 Principal 2021 23,216 23,216 23,216 23,216 23,216 116,081 Interest 2021 3,761 3,009 2,257 1,504 752 11,283 Principal 2022 23,216 23,216 23,216 23,216 92,864 Interest 2022 3,761 3,009 2,257 1,504 10,531 Principal 2023 23,216 23,216 23,216 69,648 Interest 2023 3,761 3,009 2,257 9,026 Principal 2024 23,216 23,216 46,432 Interest 2024 3,761 3,009 6,770 Principal 2025 23,216 23,216 Interest 2025 3,761 3,761 Total Area Charges 41,937 88,311 133,358 156,106 178,114 163,290 150,367 137,853 143,798 149,568 155,163 149,275 143,551 137,991 132,595 127,364 2,188,639 Connection Fees Current Connection Fee $400.00 Total Connection Fees 75,980 86,136 86,136 48,136 48,136 48,136 59,544 59,544 59,544 59,544 59,544 48,876 48,876 48,876 48,876 48,876 934,760 Total Area and Connection $ 117,917 $ 174,447 $ 219,494 $ 204,242 $ 226,250 $ 211,426 $ 209,911 $ 197,397 $ 203,342 $ 209,112 $ 214,707 $ 198,151 $ 192,427 $ 186,867 $ 181,471 $ 176,240 $3,123,399 City of Plymouth Projected Sewer Revenue with Proposed Rate Increases Interest on Area Assessments 3.24% Rate Increase W 3.80% Area Charges 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Total Area Charges Assessed (Per REU) $ 950 $ 986 1,024 $ 1,062 $ 1,103 $ 1,145 1,145 $ 1,145 $ 1,145 1,145 $ 1,145 $ 1,145 1,145 $ 1,145 $ 1,145 1,145 Principal 2010 36,091 36,091 36,091 36,091 36,091 180,453 Interest 2010 5,847 4,677 3,508 2,339 1,169 17,540 Principal 2011 42,469 42,469 42,469 42,469 42,469 212,347 Interest 2011 6,880 5,504 4,128 2,752 1,376 20,640 Principal 2012 44,083 44,083 44,083 44,083 44,083 220,416 Interest 2012 7,141 5,713 4,285 2,857 1,428 21,424 Principal 2013 25,571 25,571 25,571 25,571 25,571 127,857 Interest 2013 4,143 3,314 2,486 1,657 829 12,428 Principal 2014 26,543 26,543 26,543 26,543 26,543 132,716 Interest 2014 4,300 3,440 2,580 1,720 860 12,900 Principal 2015 27,552 27,552 27,552 27,552 27,552 137,759 Interest 2015 4,463 3,571 2,678 1,785 893 13,390 Principal 2016 34,081 34,081 34,081 34,081 34,081 170,407 Interest 2016 5,521 4,417 3,313 2,208 1,104 16,564 Principal 2017 34,081 34,081 34,081 34,081 34,081 170,407 Interest 2017 5,521 4,417 3,313 2,208 1,104 16,564 Principal 2018 34,081 34,081 34,081 34,081 34,081 170,407 Interest 2018 5,521 4,417 3,313 2,208 1,104 16,564 Principal 2019 34,081 34,081 34,081 34,081 34,081 170,407 Interest 2019 5,521 4,417 3,313 2,208 1,104 16,564 Principal 2020 34,081 34,081 34,081 34,081 34,081 170,407 Interest 2020 5,521 4,417 3,313 2,208 1,104 16,564 Principal 2021 27,975 27,975 27,975 27,975 27,975 139,877 Interest 2021 4,532 3,626 2,719 1,813 906 13,596 Principal 2022 27,975 27,975 27,975 27,975 111,902 Interest 2022 4,532 3,626 2,719 1,813 12,690 Principal 2023 27,975 27,975 27,975 83,926 Interest 2023 4,532 3,626 2,719 10,877 Principal 2024 27,975 27,975 55,951 Interest 2024 4,532 3,626 8,158 Principal 2025 27,975 27,975 Interest 2025 4,532 4,532 Total Area Charges 41,937 90,117 138,797 164,537 190,578 180,841 172,588 162,994 172,236 180,230 186,971 179,876 172,978 166,279 159,777 153,473 2,514,208 Connection Fees Connection Fee per REU) $ 400 $ 415 $ 431 $ 447 $ 464 $ 482 $ 482 $ 482 $ 482 $ 482 $ 482 $ 482 $ 482 $ 482 $ 482 $ 482 Total Connection Fees 75,980 89,409 92,807 53,835 55,880 58,004 71,750 71,750 71,750 71,750 71,750 58,896 58,896 58,896 58,896 58,896 1,079,145 Total Area and Connection $ 117,917 $ 179,526 $ 231,603 $ 218,372 $ 246,458 $ 238,844 $ 244,339 $ 234,745 $ 243,986 $ 251,980 $ 258,721 $ 238,771 $ 231,874 $ 225,174 $ 218,672 $ 212,368 $ 3,593,353 Per the American City and County Magazine's published Construction Cost Index n 2 City of Plymouth Trunk Fund Expenditures Inflation factored in for project costs beyond the 2011-2015 CIP document. Inflation already a consideration when preparing the Capital Improvement Program. Appendix D Inflation 3.80% New Inflated New Dev Development Year 2010 Cost Cost At Const' x Cost Sewer Trunk sewer oversizing 100.00% 2010 250,000 250,000 250,000 Trunk sewer oversizing 100.00% 2011 100,000 100,000 100,000 Abandon Conor Meadows lift station 100.00% 2011 200,000 200,000 200,000 Trunk sewer oversizing 100.00% 2012 100,000 100,000 100,000 Trunk sewer oversizing 100.00% 2013 100,000 100,000 100,000 Ferndale North lift station generator 100.00% 2013 80,000 80,000 80,000 Greentree West lift station generator 100.00% 2015 100,000 100,000 100,000 Trunk sewer oversizing 100.00% 2016 170,000 212,634 212,634 Waterfront lift station generator 100.00% 2017 80,000 103,866 103,866 Bass Lake Plaza lift station generator 100.00% 2019 80,000 111,909 111,909 Trunk sewer oversizing 100.00% 2020 170,000 246,844 246,844 Trunk sewer oversizing 100.00% 2025 400,000 699,875 699,875 Total 1,830,000 2,305,128 2,305,128 Water Water main - Vicksburg - CR47/Schm Lk 100.00% 2010 750,000 750,000 750,000 Well #16 - Zachary well field 100.00% 2010 400,000 400,000 400,000 Trunk water main oversizing 100.00% 2010 220,000 220,000 220,000 Well #17 100.00% 2010 800,000 800,000 800,000 Trunk water main oversizing 100.00% 2011 220,000 220,000 220,000 Water main - Cheshire/Fernbrook to CR47 100.00% 2011 370,000 370,000 370,000 Well #17 100.00% 2011 700,000 700,000 700,000 Trunk water main oversizing 100.00% 2012 270,000 270,000 270,000 Trunk water main oversizing 100.00% 2013 220,000 220,000 220,000 Trunk water main oversizing 100.00% 2014 270,000 270,000 270,000 New WTP, wells #18 & 19 100.00% 2015 7,600,000 7,600,000 7,600,000 Fire protection upgrades 100.00% 2016 140,000 175,110 175,110 Fire protection upgrades 100.00% 2018 400,000 539,062 539,062 Trunk water main oversizing 100.00% 2020 300,000 435,607 435,607 Fire protection upgrades 100.00% 2020 200,000 290,405 290,405 Fire protection upgrades 100.00% 2023 500,000 811,962 811,962 Trunk water main oversizing 100.00% 2025 650,000 1,137,296 1,137,296 Total 14,010,000 15,209,442 15, 209,442 Inflation factored in for project costs beyond the 2011-2015 CIP document. Inflation already a consideration when preparing the Capital Improvement Program. Appendix D City of Agenda 2BPlymouthNumber: Adding Qkelity to Life To: Laurie Ahrens, City Manager SPECIAL COUNCIL MEETING Prepared by: Sandy Engdahl, City Clerk January 25, 2011 Reviewed by: Cal Portner, Administrative Services Director Item: Set Future Study Sessions 1. ACTION REQUESTED: Review the pending study session topics list, and set study sessions or amend the topics list as desired. 2. ATTACHMENTS: Pending Study Session Topic List Official Calendars Page 1 Pending Study Session Topics at least 3 Council members have approved the following study items on the list) Discuss paperless Council packets (CC — report provided) Meet with prosecutor for update and discuss Police Department's trends and statistics Other requests for study session topics: Review dangerous dog regulations/process (JW) Meet with departments to review trends (KS) Page 2 r Plymouth Adding Quality to Life January 2011 Modified on 01121111 Page 3 1 NEW YEAR'S DAY Observed NEW YEAR'S DAY CITY OFFICES CLOSED 2 3 4 5 6 7 8 7:00 PM PLANNING COMMISSION MEETING Council Chambers 9 10 11 12 13 14 155:30 PM 7:00 PM 7:00 PM SPECIAL COUNCIL ENVIRONMENTAL PARK 8 REC MEETING* Medicine Lake Room QUALITY ADVISORY COMMITTEE COMMISSION EQC) MEETING PRAC) MEETING 7'00 PM Council Chambers Council Chambers REGULAR COUNCIL MEETING Council Chambers 16 17 18 19 20 21 225:30 PM 7:00 PM SPECIAL COUNCIL PLANNING MEETING** COMMISSION MARTIN LUTHER Medicine Lake Room MEETING KING JR. Council Chambers B I RTH DAY Observed CITY OFFICES CLOSED 23 ' 24 25 26 27 28 295:30 PM 00 PM SPECIAL COUNCIL HRAA MEETING MEETING*** Medicine Lake Room Medicine Lake Room 7:00 PM REGULAR COUNCIL Meeting ith Sheriff Stanek on Com unications Facility MEETING Discuss uncil Goals and Priorities or 2011 and 1 Council Chambers Discus Discuss Council Chambers Renov tility Rate Study and Utilit tion Trunk Fund Analysis Modified on 01121111 Page 3 r Plymouth Adding Quality to Life February 2011 Modified on 01121111 Page 4 1 2 3 4 5 7:00 PM 6:00 PM 2:00 PM PLANNING BOARD AND FIRE Is ICE COMMISSION COMMISSION FESTIVAL MEETING RECOGNITION Parkers Lake Council Chambers EVENT Plymouth Creek Center 6 7 8 5:30 PM 9 10 11 12 7:00 PM 7:00 PM SPECIAL COUNCIL ENVIRONMENTAL PARK It REC MEETING* QUALITY ADVISORYMedicineLakeRoom COMMITTEE COMMISSION 7:00 PM EQC) MEETING PRAC) MEETING REGULAR COUNCIL Council Chambers Council Chambers MEETING Council Chambers 13 14 15 16 7:00 PM 17 7:00 PM 18 19 PLANNING HUMAN RIGHTS COMMISSION COMMISSION MEETING MEETING Council Chambers Medicine Lake Room 20 21 22 23 24 25 267:00 PM 7:00 PM 7:00 PM REGULAR COUNCIL PLYMOUTH HRA MEETING PRESIDENTS MEETING ADVISORY Medicine Lake Room DAY Council Chambers COMMITTEE ON TRANSIT (PACT) MEETING CITY OFFICES Medicine Lake Room CLOSED 27 28 Discuss Transit System and Street Assessment Policy Modified on 01121111 Page 4 City of Plymouth Adding Quality to Life March 2011 Modified on 01121111 CHANGES ARE NOTED IN RED Page 5 1 2 7:30 AM 3 7:00 PM 4 5 STATE OF THE POLICE DEPT. CITY MEETING ANNUAL Council Chambers RECOGNITION EVENT Plymouth Creek 7:00 PM Center PLANNING COMMISSION MEETING Council Chambers 6 7 8 7:00 PM 9 7:00 PM 10 11 12 REGULAR COUNCIL ENVIRONMENTAL MEETING QUALITY Council Chambers COMMITTEE (EQC) MEETING Council Chambers 13 14 15 16 17 18 19 6:00 PM 7:00 PM SPECIAL COUNCIL PLANNING MEETING* COMMISSION Medicine Lake Room MEETING Council Chambers 20 21 22 23 24 25 26 7:00 PM 7:00 PM REGULAR COUNCIL HRA MEETING MEETING Medicine Lake Room Council Chambers 27 28 29 30 31 Discuss Future Park Issues and U date with City Manager Modified on 01121111 CHANGES ARE NOTED IN RED Page 5