2024 06 19 BAWA MinutesMINUTES OF THE REGULAR MEETING OF THE BOARD OF DIRECTORS
OF THE BAYTOWN AREA WATER AUTHORITY
June 19, 2024
The Board of Directors of the Baytown Area Water Authority (BAWA) met in a Regular
Meeting on June 19, 2024, at 4:35 P.M., in the Council Chamber of the Baytown City Hall, 2401
Market Street, Baytown, Texas with the following in attendance:
Brenda Bradley Smith President
Frank McKay III Vice President
Jimmy Smith Secretary
Alyssa Linares Director
David Start, Jr. Director
Jason Reynolds Assistant General Manager
Scott Lemond General Counsel
Angela Jackson Assistant Secretary
President Brenda Bradley Smith convened the June 19, 2024, BAWA Board Regular Meeting
with a quorum present at 4:35 P.M., all members were present.
1. CITIZEN COMMENTS
President Brenda Bradley Smith announced no one signed up to speak.
2. MINUTES
a. Consider approving the minutes of the Baytown Area Water Authority Regular
Meeting held on May 9, 2024.
A motion was made by Secretary Jimmy Smith, and seconded by Director David Start, Jr. to
approve the meeting minutes of the Baytown Area Water Authority Regular Meeting held on
May 9, 2024, as submitted. The vote was as follows:
Ayes: President Brenda Bradley Smith, Vice President Frank McKay III, Secretary
Jimmy Smith, Director Alyssa Linares, Director David Start, Jr.
Nays: None
Approved
3. BAYTOWN AREA WATER AUTHORITY FY 2024-25 PROPOSED BUDGET
a. Receive and discuss the Baytown Area Water Authority's Fiscal Year 2024-25
Proposed Budget.
Assistant Finance Director Ajaz Mohammed presented the Baytown Area Water Authority's
Fiscal Year 2024-25 Proposed Budget related to agenda Item 2.a., and provided the following
BAWA Board Regular Meeting Minutes
June 19, 2024
Page 2 of 5
overview for the proposed budget, which is attached as Exhibit "A", and offered any questions
from the Board.
• Total Revenues: $2112414)830
• Total Expenditures: $19,892,950
• Excess (Deficit) Revenues Over Expenditures: $1,348,880
• Working Capital Beginning Balance: $13,285,232
• Working Capital Ending Balance: $14,634,112
• Days of Operating Expenditures: 450 Days
Director David Start, Jr. asked if we would have a gap similar to the 2022-23 budget which is
listed as GAAP to budget basis adjustment in the amount of ($442,012) to which General
Manager Jason Reynolds responded that the ($442,012) will not be addressed until the current
Fiscal Year (2023-24) audit is complete, which would be in March of 2025, and at that point they
will make any adjustments if the audit calls for it. Further, Director Start questioned if this is a
common process to which Finance Director Teresa McKenzie confirmed.
General Manager Jason Reynolds also noted that this budget also assumes the 6% rate increase
that involves the Carollo Water and Wastewater Cost of Service Rate and Impact Fee Study that
was conducted. Mr. Reynolds will pass this information to the City Council to ensure that they
understand this is adhering to the recommendation of the Rate Study to ensure that we can pay
for future debt.
b. Consider a resolution calling for a public hearing regarding the Baytown Area
Water Authority Fiscal Year 2024-25 Proposed Budget.
A motion was made by Vice President Frank McKay III, and seconded by Director Alyssa
Linares to approve Resolution No. 2024-18, related to Item 3.b. The vote was as follows:
Ayes: President Brenda Bradley Smith, Vice President Frank McKay III, Secretary
Jimmy Smith, Director Alyssa Linares, Director David Start, Jr.
Nays: None
Approved
RESOLUTION NO. 2024-18
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
AREA WATER AUTHORITY ESTABLISHING THE DATE, TIME AND
PLACE FOR A PUBLIC HEARING ON THE FISCAL YEAR 2024-2025
PROPOSED BUDGET; AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
4. PROPOSED RESOLUTIONS
a. Consider a resolution authorizing the First Amendment to the Treated Water
Supply Contract with Harris County Fresh Water Supply District 1-A, to increase contract
quantity.
BAWA Board Regular Meeting Minutes
June 19, 2024
Page 3 of
Assistant Director for Public Works/Utilities Sterling Beaver presented agenda Item 4.a.,
regarding the First Amendment to the Treated Water Supply Contract with Harris County Fresh
Water Supply District 1-A, to increase contract quantity.
A motion was made by Secretary Jimmy Smith, and seconded by Director David Start, Jr. to
approve Resolution No. 2024-19, related to Item 4.a. The vote was as follows:
Ayes: President Brenda Bradley Smith, Vice President Frank McKay III, Secretary
Jimmy Smith, Director Alyssa Linares, Director David Start, Jr.
Nays: None
Approved
RESOLUTION NO. 2024-19
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
AREA WATER AUTHORITY AUTHORIZING THE FIRST AMENDMENT
TO THE WATER SUPPLY CONTRACT BETWEEN THE BAYTOWN AREA
WATER AUTHORITY AND HARRIS COUNTY FRESH WATER SUPPLY
DISTRICT NO. 1-A; AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
b. Consider a resolution authorizing the Baytown Area Water Authority Drought
Contingency Plan for the Texas Commission on Environmental Quality.
Baytown Area Water Authority Superintendent Michael Gay presented Item 4.b. related to the
Drought Contingency Plan for the Texas Commission on Environmental Quality.
Vice President Frank McKay III asked if there have been any changes compared to the 2019
Contingency Plan to which Mr. Gay responded that it's the same as previously, with a few minor
changes to bring it to date.
A motion was made by Director Alyssa Linares, and seconded by Secretary Jimmy Smith to
approve Resolution No. 2024-20, related to Item 4.b. The vote was as follows:
Ayes: President Brenda Bradley Smith, Vice President Frank McKay III, Secretary
Jimmy Smith, Director Alyssa Linares, Director David Start, Jr.
Nays: None
Approved
RESOLUTION NO. 2024-20
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
AREA WATER AUTHORITY ADOPTING THE BAYTOWN AREA WATER
AUTHORITY'S DROUGHT CONTINGENCY PLAN; AND PROVIDING FOR
THE EFFECTIVE DATE THEREOF.
BAWA Board Regular Meeting Minutes
June 19, 2024
Page 4 of 5
5. REPORTS
a. Receive a report on the status of the Baytown Area Water Authority East
Expansion Project.
Lindsay Kovar, of BGE, Inc. presented the status report for the Baytown Area Water Authority
East Project and stated that they are continuing to work with Baytown Water Partners on their
contract and price for the expansion project. The goal is to have the contract ready to bring
before the Board in July.
b. Receive the Baytown Area Water Authority Quarterly Financial and Investment
Reports for the Quarter Ending March 31, 2024.
Assistant Finance Director Fatima Uwakwe presented the Baytown Area Water Authority's
Quarterly Financial and Investment Reports for the Second Quarter that ended March 31, 2024,
as follows:
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a. Recess into and conduct an executive session pursuant to Section(s) 551.071 of the
Texas Government Code to seek the advice of the City's attorneys regarding pending or
contemplated litigation.
At 4:52 P.M., President Brenda Bradley Smith recessed into and conducted an Executive Session
pursuant to Sections 551.071 of the Texas Government Code to seek the advice of the
Authority's attorneys regarding pending or contemplated litigation.
At 5:13 P.M., President Brenda Bradley Smith reconvened the Open Meeting of the Baytown
Area Water Authority (BAWA) Regular Meeting and announced that in accordance with Section
551.102 of the Texas Open Meetings Act, no action was taken in the Executive Session.
BAWA Board Regular Meeting Minutes
June 19, 2024
Page 5 of 5
7. MANAGER'S REPORT
a. The next Baytown Area Water Authority meeting is scheduled for Wednesday, July
17, 2024, at 4:30 p.m., in the Council Chamber located at City Hall, 2401 Market Street,
Baytown, Texas 77520.
General Manager Jason Reynolds presented the Managers Report by stating the next BAWA
meeting is scheduled for Wednesday, July 17, 2024 at 4:30 P.M. President Brenda Bradley Smith
stated that she would not be available for this date. General Manager Jason Reynolds stated that
staff will reach out to the Board to poll for an alternate meeting date.
8. ADJOURN
A motion was made by Director David Start, Jr., and seconded by Director Alyssa Linares to
adjourn the June 19, 2024, Baytown Area Water Authority Board Regular Meeting at 5:14 P.M.
The vote was as follows:
Ayes: President Brenda Bradley Smith, Vice President Frank McKay III, Secretary
Jimmy Smith, Director Alyssa Linares, David Start, Jr.
Nays: None
Approved
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Angela J kson, AssistattO �
City of Baytown r6 r Y
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BAYTOWN AREA WATER
AUTHORITY
ANNUAL PROGRAM OF SERVICES
2024-25
PROPOSED BUDGET
BAYTOWN AREA WATER
AUTHORITY
(BAWA)
BOARD OF DIRECTORS
Brenda Bradley -Smith, President
City Clerk, Assistant Secretary
Jimmy Smith, Director
Baytown Area Water Authority
Frank McKay III, Secretary
David Start, Director
Alyssa Linares, Director
Board of Directors
General Manager
Plant Manager/
Director of Public Works & Utilities
Superintendent
BAYTOWN AREA WATER AUTHORITY
MAJOR BUDGET ISSUES
FISCAL YEAR 2024-25
This fund accounts for the operations of the Baytown Area Water Authority (BAWA). BAWA is
a water authority created by the Texas Legislature to supply water for the City of Baytown (City)
and surrounding communities. BAWA services a total of eight customers with the City as the
largest customer, generating approximately 90% of BAWA's annual sales. BAWA is a separate
legal entity; however, it is considered a component unit of the City. Since it began operating,
BAWA has not experienced shortages of its raw water supply to the plant or interruptions of
service to its customers.
REVENUES
The 2024-25 proposed budget estimates sales of $21,151,830 for an average of 15.97 million
gallons per day (MGD). The existing BAWA rate structure is $3.44 per 1,000 gallons for the City
of Baytown and $3.67 per I,000 gallons for customers outside the city. The rates will consist of a
6% increase to $3.65 per 1,000 gallons for the City of Baytown and $3.88 per 1,000 gallons for
customers outside the city for the 2024-25 budget.
EXPENDITURES
Total operating expenditures for the proposed 2024-25 budget are $9,715,377 which is a decrease
of $244,695 from the 2023-24 budget. An increase of $500,000 over current year estimate in the
untreated water supplies is included in the budget due to the City of Houston's raw water supply
contract. This budget includes a transfer of $350,000 to the General Fund for an indirect cost
allocation to reimburse the City for administrative services such as Hurnan Resources, Fiscal
Operations, Legal and Information Technology Services. Highlights of major operating changes
arc as follows:
• Increase in personnel services $ 244,391
• Decrease in supplies (491,064)
• Increase in maintenance 39,500
• Decrease in services (15,612)
• Increase to transfers out -debt service 1,325,289
• Increase to transfers out -capital improvement 3,000,000
Raw Water Supply Cost - BAWA purchases raw water from the City of Houston. The raw water
supply contract with the City of Houston is in effect through the year 2040, and sets the maximum
amount of raw water to be delivered to the BAWA plants at 32 MGD without penalties. The
surcharge for water purchased over the 32 MGD is nominal at this time. For the upcoming
adjustment scheduled for April 1, 2024 there will be no inflammatory increase for the Houston
area. BAWA's rate will remain the same at $0.9802 which was adjusted from $0.90 to $0.9802
on April 1, 2023.
Debt Service - The transfer to cover the debt service requirement for the proposed 2024-25 budget
is $5,459,283. The Authority awarded a construction contract to build the BAWA East Water
Treatment Plant and due to the length of time for construction, the Authority has issued a
combination of bonds totaling $56 million. The first issue totaled $28 million, $18 million in
BAYTOWN AREA WATER AUTHORITY
MAJOR BUDGET ISSUES
FISCAL YEAR 2024-25
FY2019 & $10 million in FY24. In addition, the Authority issued bonds for the BAWA Raw Water
Rehabilitation in the amount of $13.5 million in FY24.
CAPITAL IMPROVEMENT PROGRAM
The Capital Improvement Program for BAWA is funded through the issuance of revenue bonds,
grants, and revenue from operations.
BAWA Backwash and Decant Pump Replacement $3,300,000
This project would replace the existing (7.5HP) decant and backwash pumps and motors to
increase reliability and control of surface water sludge processes.
BAWA Raw Water Rehabilitation $13,500,000
This project, funded from debt, would replace the existing BAWA Forebay liner, raw water pumps
and motors with variable frequency drive (VFD) pumps/motors at the Fritz Lanham Surface Water
Plant.
BAWA East Surface Water Plant Phase 2 Expansion $10,000,000
This project, funded by debt, covers the engineering services of the expansion and the existing
surface water treatment plant south of Interstate Highway (IH) 10 and west of SH 99 along the
Coastal Water Authority (CWA) Barbers Hill Canal. The design will provide for the ability to
expand the plant based on future water demands and allow the plant to convert to salt water
treatment (desalinization) ensuring long term viability.
WORKING CAPITAL
In order to maintain fiscal stability, governmental entities maintain a working capital balance to
meet daily liquidity needs. Appropriate levels of working capital vary from entity to entity based
on the relative impact of particular circumstances or financial conditions. Working capital is
defined as current assets (e.g., cash, investments and accounts receivable) less current liabilities
(e.g., accounts payable).
In the 2024-25 proposed budget, BAWA's working capital level at year end is projected to
represent 550 days of operating expenditures plus we are able to transfer out $4,368,290 to
BAWA's Capital Improvement Project Fund (CIPF) which will be available for funding future
capital projects.
BAYTOWN AREA WATER AUTHORITY FUND 510
BUDGET SUMMARY BY FUND
Actual Budget Estimated Proposed
2022-23 2023-24 2023-24 2024-25
Revenues
Sale of Water - Baytown
$ 16,466,818
$ 14,943,573
$ 18,110,847
$ 19,197,497
Sale of Water - Other
1,694,670
1,552,535
1,843,710
1,954,333
Interest Revenue
93,640
1,000
156,237
90,000
Transfers In From WWIS Fund
123,258
100,000
100,000
-
Total Revenues
18, 378, 386
16, 597,108
20, 210, 794
21, 241, 830
Expenditures
Personnel Services
Supplies
Maintenance
Services
Sundry
Total Operating
Non -Operating Expenditures
Capital Outlay
Transfers Out - Debt Service
Transfers Out - Capital Improvement
Transfers Out - General Fund
Contingency
1,950,242
2,048,060
3,912,807
6,345,594
480,399
389,850
1,242,531
1,154, 658
2.048,060
2,292,451
5,241,770
5,854,530
339,000
429,350
1,007,786
1,139,046
3,213,190 - - -
10, 799,170 9,938,162 8,636, 616 9,715,377
(30,877)
4,483,294
1,000,000
350,000
4,133,994
1,368,290
350,000
250,000
4,133,994 5,459,283
1,368,290 4,368,290
350,000 350,000
Total Expenditures 16,601,586 16,040,446 14,488,900 19,892,950
Excess (Deficit) Revenues
Over Expenditures 1,776,799 556,662 5,721,894 1,348,880
GAAP to budget basis adjustment (442,012) - - -
Working Capital - Beginning 6,228,551 7,563,338 7,563,338 13,285,232
Working Capital - Ending
$ 7,563,338 $
8,120,000 $
13,285,232
$ 14,634,112
Days of Operating Expenditures
256
298
561
550
3070 BAYTOWN AREA WATER AUTHORITY
SERVICE LEVEL BUDGET
Actual
Budget
Estimated
Proposed
2022-23
2023-24
2023-24
2024-25
7100
Personnel Services
Contract Personnel BAWA
$ 1,950,242
$ 2,048,060
$ 2,048,060
$ 2,292,451
Total Personnel Services
1,950,242
2,048,060
2,048,060
2,292,451
7200
Supplies
72001
Office Supplies
7,295
6,500
6,500
6,500
72002
Postage Supplies
424
400
700
600
72007
Wearing Apparel
8,185
10,000
8,800
11,000
72016
Motor Vehicle Supplies
13,632
15,000
15,000
15,000
72021
Minor Tools
9,785
10,000
5,800
10,000
72022
Fuel for Generators
40,400
20,000
45,000
46,000
72026
Cleaning & Janitorial Supplies
3,357
4,620
3,000
4,620
72027
HAZCHEM Disposal Supplies
-
-
-
16,000
72031
Chemical Supplies
1,906,626
1,622,084
2,100,000
2,178,060
72032
Medical Supplies
2,277
2,750
2,750
2,750
72041
Educational Supplies
2,204
2,000
1,220
2,000
72051
Untreated Water Supplies
1,868,560
4,599,000
3,000,000
3,500,000
72055
Laboratory Supplies
50,063
53,240
53,000
62,000
Total Supplies
3,912,807
6,345,594
5,241,770
5,854,530
7300
Maintenance
73011
Building Maintenace
13,285
10,500
14,000
15,000
73023
Water Distrib Sys Maint
-
-
28,200
35,000
73027
Heat & Cool Sys Maint
27,884
33,000
12,000
33,000
73028
Electrical Maintenance
39,942
85,200
72,200
85,200
73041
Furniture/Fixtures Maint
1,553
2,750
600
2,750
73042
Machinery & Equip Maint
380,434
246,400
200,000
246,400
73043
Motor Vehicles Maint
17,300
12,000
12,000
12,000
Total Maintenance
480,399
389,850
339,000
429,350
7400
Services
74001
Communication
-
-
1,478
2,000
74002
Electric Service
590,582
408,000
290,000
384,000
74011
Equipment Rental
137,610
40,000
10,000
40,000
74021
Special Services
468,643
656,971
656,971
656,971
74022
Audits
20,037
20,037
20,037
20,037
74026
Janitorial Services
9,100
12,000
1 1,700
12,000
74036
Advertising
1,037
1,000
1,000
1,000
74042
Education & Training
15,522
16,000
16,000
22,388
74071
Association Dues
-
450
400
450
74280
Bonds
-
200
200
200
Total Services
1,242,531
1,154,658
1,007,786
1,139,046
7500
Sundry
75089
Depreciation
3,213,190
-
-
-
Total Sundry
3,213,190
-
-
-
Total Operating
10,799,170
9,938,162
8,636,616
9,715,377
8000
Capital Outlay
84042
Machinery & Equipment
(30,877)
-
-
-
Total Capital Outlay
(30,877)
-
_
_
3070 BAYTOWN AREA WATER AUTHORITY
SERVICE LEVEL BUDGET
Actual
Budget
Estimated
Proposed
2022-23
2023-24
2023-24
2024-25
9000
Other Financing Uses
91511
To BAWA Debt Service
4,483,294
4,133,994
4,133,994
5,459,283
91518
To BAWA CIPF Fund
1,000,000
1,368,290
1,368,290
4,368,290
92101
Expense - General Fund
350,000
350,000
350,000
350,000
Total Other Financing Uses
5,833,294
5,852,284
5,852,284
10,177,573
9900
Contingencies
99001
Contingencies
-
250,000
-
-
Total Contingencies
-
250,000
-
-
TOTAL DEPARTMENT
$16,601,586
$16,040,446
$ 14,488,900
$ 19,892,950
BAWA - CAPITAL IMPROVEMENT PROGRAM FUND 518
BUDGET SUMMARY BY FUND
Actual
Budget
Estimated
Proposed
2022-23
2023-24
2023-24
2024-25
Revenues
Transfer In - Operating $
1,000,000 $
1,368,290
$ 1,500,000
$ 4,368,290
Interest Revenue
52,825
5,000
40,000
45,000
Total Revenues
1,052,825
1,373,290
1,540,000
4,413,290
Expenditures
Condition Assessment
-
-
-
150,000
Filter Scour
3,884,803
-
-
-
Raw Water Rehabilitation
127,040
-
-
Backwash and Decant Pump
Replacement
-
323,290
500,000
3,300,000
Administration Building
-
550,000
543,481
-
East Camera Security
49,932
-
-
_
East Surface Water Plant
Phase 2 Expansion
144,513
500,000
-
Total Expenditures
4,206,288
1,373,290
1,043,481
3,450,000
Excess (Deficit) Revenues
Over Expenditures
(3,153,463)
-
496,519
963,290
Working Capital - Beginning
4,158,744
1,005,281
1,005,281
1,501,800
Working Capital - Ending $
1,005,281 $
1,005,281
$ 1,501,800
$ 2,465,090
BAYTOWN AREA WATER AUTHORITY REVENUE BONDS
LONG TERM DEBT AMORTIZATION SCHEDULES
Revenue Amount of Principal Principal & Interest Principal
Bonds Issue Outstanding Requirements for 2024-25 Outstanding
Oct. 1, 2024 Principal 111tercst Total Sept. 30, 2025
Series 2012 8,315,000
2,830,000
315,000
92,368
407,368
2,515,000
Series 2018 22,040,000
19,700,000
1,000,000
889,650
1,889,650
18,700,000
Series 2019 17,315,000
14,045,000
725,000
460,650
1,185,650
13,320,000
Series 2024 21,525,000
21,525,000
1,005,000
971,615
1,976,615
20,520,000
$
58,100,000
$ 3,045,000
$ 2,414,283 $
5,459,283 $
55,055,000
Combined BAWA Debt, All Series
Debt Requirements to Maturity
Fiscal
Total
Total
Total
Year
Principal
Interest
Requirement
2025
3,045,000
2,414,283
5,459,283
2026
3,030,000
2,380,218
5,410,218
2027
3,120,000
2,242,768
5,362,768
2028
3,210,000
2,100,900
5,310,900
2029
3,350,000
1,954,588
5,304,588
2030
3,500,000
1,801,888
5,301,888
2031
3,655,000
1,650,500
5,305,500
2032
3,815,000
1,491,726
5,306,726
2033
3,980,000
1,325,600
5,305,600
2034
4,160,000
1,145,900
5,305,900
2035
4,330,000
975,400
5,305,400
2036
4,510,000
797,700
5,307,700
2037
4,690,000
612,350
5,302,350
2038
4,880,000
419,350
5,299,350
2039
2,945,000
218,250
3,163,250
2040
1,880,000
94,000
1,974,000
Total
$ 58,100,000
$ 21,625,421
$ 79,725,421
BAYTOWN AREA WATER AUTHORITY REVENUE BONDS
DETAIL DEBT AMORTIZATION SCHEDULES
Revenue Bonds Funding: BAWA $ 8,315,000
Series 2012 Issue Date - March 29, 2012 Term - 20 Years
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 5/01 Duell/01 Due 5/01 Interest Requirement Outstanding
2013
2.00% $
485,000 $
123,050
$ 103,500 $
226,550
$ 711,550 $
7,830,000
2014
2.000'0
510,000
98,650
98,650
197,300
707,300
7,320,000
2015
2.0M 0
520,000
93,550
93,550
187,100
707,100
6,800,000
2016
2.00",0
535,000
88,350
88,350
176,700
711,700
6,265,000
2017
2.00°0
540,000
83,000
83,000
166,000
706,000
5,725,000
2018
2.00° 0
550,000
77,600
77,600
155,200
705,200
5,175,000
2019
2.00%
570,000
72,100
72,100
144,200
714,200
4,605,000
2020
2.00%
580,000
66,400
66,400
132,800
712,800
4,025,000
2021
2.00%
290,000
60,600
60,600
121,200
411,200
3,735,000
2022
2.380/0
295,000
57,700
57,700
115,400
410,400
3,440,000
2023
2.500/0
300,000
54,197
54,197
108,394
408,394
3,140,000
2024
2.75%
310,000
315,000
50,447
50,447
100,894
410,894
2,830,000
2026
3.00%
325,000
41,459
41,459
82,918
407,918
2,190,000
2027
3.13%
335,000
36,584
36,584
73,168
408,168
1,855,000
2028
3.25°/0
345,000
31,350
31,350
62,700
407,700
1,510,000
2029
3.25%
360,000
25,744
25,744
51,488
411,488
1,150,000
2030
3.38 ,0
370,000
19,894
19,894
39,788
409,788
780,000
2031
3.50°0
385,000
13,650
13,650
27,300
412,300
395,000
2032
3.500,0
395,000
6,913
6,913
13,826
408,826
-
$
8,315,000 $
1,147,422
$ 1,127,872 $
2,275,294
$ 10,590,294 $
-
Call Option: Bonds maturing on 05 01 2023 to 05 01 '2032 callable in whole or in part on any date beginning 05 '01 '2022 W par.
Revenue Bonds Funding: BAWA $ 22,040,000
Series 2018 Issue Date - June 21, 2018 Term-20 Yrs
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 5/01 Duel l/01 Due 5/01 Interest Requirement Outstanding
2019
$ - $
426,771
$ 512,125
$ 938,896
$ 938,896 $
22,040,000
2020
0.00%
-
503,325
503,325
1,006,650
1,006,650
22,040,000
2021
5.000,'0
135,000
503,325
503,325
1,006,650
1,141,650
21,905,000
2022
5.00%
205,000
499,950
499,950
999,900
1,204,900
21,700,000
2023
5.00%
1,000,000
494,825
494,825
989,650
1,989,650
20,700,000
2024
5.00%
1,000,000
469,825
469,825
939.650
1,939,650
19,700,000
2026
5.00" 6
1,000,000
419,825
419,825
839,650
1,839,650
17,700,000
2027
5.00"0
1,000,000
394,825
394,825
789,650
1,789,650
16,700,000
2028
5.00n'0
1,000,000
369,825
369,825
739,650
1,739,650
15,700,000
2029
5.00"0
1,040,000
344,825
344,825
689,650
1,729,650
14,660,000
2030
5.00%
1,095,000
318,825
318,825
637,650
1,732,650
13,565,000
2031
5.00 , 0
1,145,000
291,450
291,450
582,900
1,72 7,900
12,420,000
2032
5.00010
1,210,000
262,825
262,825
525,650
1,735,650
11,210,000
2033
5.00,10
1,675,000
232,575
232,575
465,150
2,140,150
9,535,000
2034
4.00"0
1,760,000
190,700
190,700
381,400
2,141,400
7,775,000
2035
4.00%'
1,830,000
155,500
155,500
311,000
2,141,000
5,945,000
2036
4.00"0
1,905,000
118,900
118,900
237,800
2,142,800
4,040,000
2037
4.00%
1,980,000
80,800
80,800
161,600
2,141,600
2,060,000
2038
4.00%
2,060,000
41,200
41,200
82,400
2,142,400
-
$ 22,040,000 $
6,564,921
$ 6,650,275
$13.215,196
$ 35,255,196 $
-
Call Option: Bonds maturing on 05 01 2029 to 05 01 2038 callable in whole or in part on any date beginning 05 01 2029 (a par.
BAYTOWN AREA WATER AUTHORITY REVENUE BONDS
DETAIL DEBT AMORTIZATION SCHEDULES
Revenue Bonds Funding: BAWA $ 17,315,000
Series 2019 Issue Date - May 30, 2019 Term-20 Yrs
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 5/01 Duel l/01 Due 5101 Interest Requirement Outstanding
LULU
4.UU"io S
64U,UUU 5
248,080 S
295,725 S
543,805 S
I,183,805 S
16,675,000
2021
4.00%
620,000
2822925
282,925
565,850
1,185,850
16,055,000
2022
4.00%
645,000
270,525
270,525
541,050
1,186,050
15,410,000
2023
4.00%
670,000
257,625
257,625
515,250
1,185,250
14,740,000
2024
4.00%
695,000
244,225
244,225
488,450
1,183,450
14,045,000
2026
4.00%
755,000
215,825
215,825
43I,650
1,186,650
12,565,000
2027
4.00%
785,000
200,725
200,725
401,450
1,186,450
11,780,000
2028
4.00%
815,000
185,025
185,025
370,050
1,185,050
10,965,000
2029
4.00%
850,000
168,725
168,725
337,450
1,187,450
10,115,000
2030
3.00%
880,000
151,725
151,725
303,450
1,183,450
9,235,000
2031
3.00°io
910,000
138,525
138,525
277,050
1,187,050
8,325,000
2032
3.000io
935,000
124,875
124,875
249,750
1,184,750
7,390,000
2033
3.00%
965,000
110,850
110,850
221,700
1,186,700
6,425,000
2034
3.00°io
995,000
96,375
96,375
192,750
1,187,750
5,430,000
2035
3.00%
1,025,000
81,450
81,450
162,900
1,187,900
4,405,000
2036
3.00%
1,055,000
66,075
66,075
132,150
1,187,150
3,350,000
2037
3.00%
1,085,000
50,250
50,250
100,500
1,185,500
2,265,000
2038
3.00°/0
1,115,000
33,975
33,975
67,950
1,182,950
1,150,000
2039
3.000/0
1,150,000
17,250
17,250
34,500
1,184,500
-
S 17,315,000 S
3,175,355
S 3,223,000 S
6,398,355
S 23,713,355 S
-
Call Option: Bonds maturing on 05101 /2029 to 05'01 /2033 callable in whole or in part on any date beginning 05'01 �2028 (it par.
Revenue Bonds Funding: BAWA $ 21,5251,000
Series 2024 Issue Date - June 6, 2024 Term-15 Yrs
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 5/01 Duel l/01 Due 5/01 Interest Requirement Outstanding
2026
5.00%
950,000
513,000
513,000
1,026,000
1,976,000
19,570,000
2027
5.00%
1,000,000
489,250
489,250
978,500
1,978,500
18,570,000
2028
5.W"
1,050,000
464,250
464,250
928,500
1,978,500
17,520,000
2029
5.00%
1,100,000
438,000
438,000
876,000
1)976,000
16,420,000
2030
5.00%
1,155,000
410,500
410,500
821,000
1,976,000
15,265,000
2031
5.000io
1,215,000
381,625
381,625
763,250
1,978,250
14,050,000
2032
5.00%
1,275,000
351,250
351,250
702,500
1,977,500
12,775,000
2033
5.00%
1,340,000
319,375
319,375
638,750
1,978,750
11,435,000
2034
5.00%
1,405,000
285,875
285,875
571,750
1,976,750
10,030,000
2035
5.00%
1,475,000
250,750
250,750
501,500
1,976,500
8,555,000
2036
5.00%
1,550,000
213,875
213,875
427,750
1,977,750
7,005,000
2037
5.00%
1,625,000
175,125
175,125
350,250
1,975,250
5,380,000
2038
5.000io
1,705,000
134,500
134,500
269,000
1,974,000
3,675,000
2039
5.00%
1,795,000
91,875
91,875
183,750
1,978,750
1,880,000
2040
5.00%
1,880,000
47,000
47,000
94,000
1,974,000
-
S
21,525,000 S
4,999,740
S 5,104,375 S
10,104,115
S 31,629,115 S
-
Call Option: Bonds maturing on 05,01 /2035 to 05-`01.2040 callable in whole or in part on any date beginning U 01 �2034 Cq par.
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WISn014 30 AID
TREATED WATER RATES
Year
CitN
Rate/1,000
gallons
Other
Rate/1,000
Gallons
Increase-
Cite
'
I nerease-
Usher
Comments
1981
$0.97
$0.97
1985 - 1987
SO.97
S 1.00
SO.00
;SO.03
19SS - 1992
S1.07
SIAO
SO.10
.10
Result of rising operating cost. (Rain water rates up 25° „)
1993 - 1998
S1.18
S1.21
50.11
SO.1 1
Result of increase in raw water rates.
1999 - 2006
S I.26
S 1.29
SOUS
SO.OS
Funding for plant expansion debt
2006-2007
S 1.39
S1.42
SO.13
SO.13
Funding for new water line debt and City of Fluublon rate increase.
2007-2008
S I.46
S 1.49
SO.07
S0.07
Funding for tie\\ water line debt and CM of Hotr,tun rate increase.
2008-2009
S 1.55
S1.58
SO.09
SO09
Funding for tie\\- water line debt. other op,rvming inclea;e; and City ut
Flutt;ton rate increase.
2009-2010
S 1.71
S 1.74
SO.16
SO.16
Fundillu fill' ne\\ \\ater line debt. other operating, increases and City of
Houston rate increase.
2U 10-_i} 11
S 1.96
S1.99
SO.25
SO.25
FLInding for ne%% eater finc debt. other OPera6112 and City Of
Houston rate increase.
2011-2012
S2.15
S2.1 S
SO.19
SO.19
Funding, for ne\\ eater line debt. uth, r oper'ltinr incre'l;es and ('il) o
Hou;tun rate increase.
2012-2013
S2.35
S2.39
SO.20
SO.21
Funding for tie%\ \\atcr line debt. willn Operatitt_, intr'ea;es and ('it\ of
Houston rate increase.
2013-2014
S2.53
S2.37
SU.1 IS
SO.I S
Funding for ne\% \\ater line debt. other uperaling increases and City o
Fluustun rate increase.
2014-2013
S2.61
S2.65
SO.US
SO.US
Funding, For tie\\ \\ater line debt. other Operating inCIVIISCs and City u
HUtISt011 rate 111CIV41he.
2013-2016
S2.74
S2.78
SO.13
SO.13
Funding for Ile\\ \later line debt. Other operaiin`, lillUCCISCS alld C it\ of
Flou•totl rate increa;c.
2016-2017
S2.74
S2.78
SO.00
S0.00
Execss re\elide; are SllfflClCllt tU COVer Illerellle111,11 UpCI-ating Cull.
2017-2018
S2.74
S2.78
SO.00
SO.00
Excesi 1'elCrltlCS il!'C SufflCiCilt to cover incremental uperatlrll- cost.
2018-2019
S2.92
S2.86
S0.0S
SO -OS
Fundinv for the BAWA Eam rreatmem Plant, Other operating
increases and C'it\ of Houston rate increase.
2019-2020
S2.82
S2.86
SO.00
SO.00
EXCeSS 1-0 enues are sufficient to co\ er incremental operating, Gust.
2020-2021
S2.90
S2.95
S0.0S
$0.09
Funding for City of Houston rate increase.
2021-2022
S3.08
S3.12
$0.1 S
$0.17
Per the 2020 BAWA rate study.
2022-2023
S3.26
S3.46
$O 18
$0.34
Per the 2021 BAWA rate study.
2023-2024
$3.46
S3.67
SO.20
SO.21
Per the 2022 BAWA rate study.
202.3-2025
S3.63
S3.88
S0.19
$0.21
Per the 2022 BAWA rate study.