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HomeMy WebLinkAboutResolution No. 2026-14RESOLUTION NO. 2026-14 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN AREA WATER AUTHORITY ADOPTING A BUDGET FOR THE ENSUING FISCAL YEAR, BEGINNING OCTOBER 1, 2026, AND ENDING SEPTEMBER 30, 2027; MAKING OTHER PROVISIONS RELATED THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, the General Manager of the Baytown Area Water Authority ("BAWA") has submitted to BAWA's Board of Directors a budget estimate of the revenues of BAWA and the expense of conducting the affairs thereof for the ensuing fiscal year, beginning October 1, 2026, and ending September 30, 2027; and WHEREAS, the Board of Directors of BAWA (the "Board") received the General Manager's estimate and held a public hearing thereon; and WHEREAS, after full and final consideration of the information contained in the proposed budget and the input received at the public hearing, it is the opinion of the Board that the budget attached hereto should be approved and adopted; NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN AREA WATER AUTHORITY: Section 1: That the Board of Directors of the Baytown Area Water Authority hereby adopts the budget, which is attached hereto as Exhibit "A" and incorporated herein for all intents and purposes for BAWA's 2026-2027 fiscal year. Section 2: This resolution shall take effect immediately from and after its passage by the Board of Directors of the Baytown Area Water Authority. INTRODUCED, READ and PASSED by the affirmative vote of the Board of Directors of the Baytown Area Water Authority this the 15th day of July, 2026. BRENDA BRADLEY SMITH, President ATTEST: ANGELA JACKSON, Assistant Secretary APPROVED AS TO FORM: SCOTT LEMOND, General Counsel R:\Ordinances and Resolutions\Rcsolution Drafts BAWA 2026-07-15 Resolution Adopting BAWA FY 2026-2027 Budget.mhs.docx r BAYTOWN AR L- AUTHORITY w Mww Twl� tlMJ +, a r+s► \ `6 , J f_ � AA ���� COMPONENT UNITS Baytown Area Water Authority Overview Objective The Baytown Area Water Authority (BAWA) presides over the City's wholesale supplier of water utilities and its facilities, equipment and supplies. Duties Discuss all matters pertaining to the business of the Authority, including the vetting of work, purchase of existing facilities, and matters relating to the construction work. Our Mission Continues Over the years, we have dedicated ourselves to producing drinking water that meets all state and federal standards. We continually strive to adopt new methods for delivering the best -quality drinking water to you. As new challenges to drinking water safety emerge, we remain vigilant in meeting the goals of source water protection, water conservation, and community education while continuing to serve the needs of all our water users. Budget Executive Summary 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. [3V BAWA Board of Directors BUDGET EXECUTIVE SUMMARY Revenues For FY2026-2027, the revenue projections for water sales and investment earnings have been developed based on updated consumption trends, adopted rate adjustments, and current market conditions. Total revenues for the Baytown Area Water Authority (BAWA) Operating Fund are projected at approximately $24.21 million. Water Sales - Baytown Projected revenue for Baytown water sales is $21,904,299 for FY2026-2027. This estimate reflects a 6.7% rate increase, raising the water rate from $4.19 to $4.47 per 1,000 gallons in accordance with the adopted BAWA rate policy. Consumption projections are based on estimated demand of approximately 5.23 billion gallons for FY2027. Water Sales - Other Customers Revenue from outside customers is projected at $1,920,907 for FY2026-2027. This projection incorporates a 6.7% rate increase, raising the wholesale water rate from $4.39 to $4.68 per 1,000 gallons. Consumption estimates are based on projected demand of approximately 486 million gallons for FY2027. Investment Interest Investment earnings are budgeted at $385,000 for FY2026-2027. This projection is based on anticipated investment balances and continued stable interest rate conditions. The increase over prior years reflects sustained earnings performance and the expectation of continued favorable market conditions throughout the fiscal year. Expenses & Working Capital Operating Expenses. - Total operating expenditures for FY2027 are budgeted at approximately $14.21 million, compared to the FY2026 adopted budget of $14.04 million. Non -Operating Expenses: Non -operating expenditures for FY2027 include major transfers and capital investments necessary to support long-term infrastructure improvements and debt obligations. • Capital Outlays - Budgeted at $580K for machinery and equipment. • Transfers Out - Debt Service: Budgeted at $5.37 million, reflecting annual principal and interest requirements for outstanding BAWA revenue bonds. • Transfers Out - SWIFT Loan: Budgeted at $4.18 million related to the Texas Water Development Board (TWDB) SWIFT Program financing for major infrastructure improvements. • Transfers Out - Capital Improvement Program: Budgeted at $5.21 million to support ongoing and planned capital projects. • Transfers Out -General Fund: Budgeted at $350,000, consistent with prior years to support administrative costs. Total expenditures for FY2027 are budgeted at approximately $29.91 million Working Capital Ending: The FY2027 budget projects an ending working capital balance of approximately $3.85 million in the Operating Fund. Days of Operating Expenses: BAWA is projected to maintain approximately 99 days of operating reserves in FY2027 .O BAYTOWN AREA WATER AUTHORITY FUND 3500 BUDGET SUMMARY BY FUND Actual 2024-25 Budget 2025-26 Estimated 2025-26 Budget 2026-27 Revenues Sale of Water - Baytown $19,472,129 $20,344,606 $20,528,865 $21,904,299 Sale of Water - Other 1,611,520 1,729,730 1,803,246 1,920,907 Interest Revenue 362,875 372,915 367,385 385,000 Federal Contribution 126,106 Total Revenues 21,572,631 22,447,251 22,699,495 24,210,206 Expenditures Personnel Services 2,030,741 2,349,762 2,235,171 2,272,663 Supplies 8,566,315 10,041,291 10,041,291 10,321,331 Maintenance 565,278 394,656 394,656 452,750 Services 1,145,458 1,256,894 1,256,894 1,167,568 Sundry - - - - Total Operating 12,307,791 14,042,603 13,928,012 14,214,312 Non -Operating Expenditures Capital Outlay 60,000 60,000 580,000 Transfers Out - Debt Service 5,459,482 5,450,587 5,450,587 5,365,969 Transfer Out - SWIFT Loan - 1,274,439 1,274,439 4,183,844 Transfers Out - Capital Improvement 4,368,290 2,044,000 2,044,000 5,211,494 Transfers Out - General Fund 350,000 350,000 350,000 350,000 Contingency - - - - Total Expenditures 22,485,564 23,221,629 23,107,038 29,905,618 Excess (Deficit) Revenues Over Expenditures (912,933) (774,379) (407,543) (5,695,413) GAAP to budget basis adjustment - - - - Working Capital - Beginning 10,866,358 9,953,425 9,953,425 9,545,882 Working Capital - Ending $ 9,953,425 $ 9,179,046 $ 9,545,882 $ 3,850,469 Days of Operating Expenditures 295 239 250 99 91 BAWA Capital Improvement Program BAWA Capital Improvement Projects Fund The Capital Improvement Program (CIP) for BAWA is funded through the issuance of revenue bonds, grants, and revenue from operations. FY2026-2027 New Project Requests: o BAWA2604- PFAS Regulatory Treatment $550,000 - Rehabilitation of BAWA SWP Ground Storage Tanks is required based on age and wear and tear revealed by inspection. The GSTs are 4.5 MG in size. Combined project BAWA2104 to replace the existing valves on the ground storage tanks and add actuators o BAWA2302 - Ground Storage Tank Rehabilitation $804,000 - This project will look to add additional treatment techniques at the BAWA Fritz Lanham WTP in response to the newly established perfluoroalkyl and polyfluoroalkyl-substances (PFAS) regulations. EPA finalized a National Primary Drinking Water Regulation (NPDWR) that establishes legally enforceable levels for six perfluoroalkyl and polyfluoroalkyl substances (PFAS) in drinking water. Public water systems have five years (by 2029) to implement solutions that reduce these PFAS in drinking water levels who exceed these MCLs. Currently Baytown has 2 contaminants above the newly established standards. This project is designed to comply with updated EPA standards. o BAWA2602 Main MCC3: $1,330,000 - MCC3 Electrical Upgrade o BAWA2603 Sedimentation Basin Improvements $3,315,000 - Project includes structural repairs to sedimentation basins, replacement of chain and flight sludge collector mechanisms, instrumentation and appurtenances. o BAWA2605 Chemical Feed System $350,000 - Project includes structural repairs to the chemical feed building, replacement of one chlorine exhaust fan, and replacement of the North Ferric Tanks. M No new capital expenditures are planned for the following projects in FY2026-2027, as funding and/or construction costs were previously appropriated. The proposed budget includes the estimated carryforward amounts for these projects: o BAWA2103 Raw Water Rehabilitation -This project 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. o BAWA2301 Backwash and Decant Pump Replacement - This project will replace the existing decant and backwash pumps and motors to increase reliability and control of surface water sludge processes. o BAWA2401 East Plant II Expansion - Construction and design of a six (6) million gallons per day (MGD) expansion of 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. o BAWA2402 Administration Building - Perform a minor remodel of office space updating the finishes, and replace the HVAC system, replace the roof, plumbing upgrades, and electrical upgrades. o BAWA2502 Condition Assessment - o Condition Assessment Report determines the remaining useful life of various capital assets, and helps program future projects. o BAWA2606-Alt Water $300,000 a] BAWA - CAPITAL IMPROVEMENT PROGRAM FUND 3510 BUDGET SUMMARY BY FUND Actual Budget Estimated Budget 2024-25 2025-26 2025-26 2026-27 Revenues Transfer In - Operating $4,368,290 $2,044,000 $2,044,000 $5,211,494 Interest Revenue 88,580 80,000 95,308 80,000 Total Revenues 4,456,870 2,124,000 2,139,308 5,291,494 Expenditures BAWA2103- Raw Water Rehabilitation 35,611 198,017 121,548 76,469 BAWA2301- Backwash and Decant Pump Replacement 141,104 4,958,896 237,932 4,720,964 BAWA2401- East Plant II Expansion 1,302,500 353,579 948,922 BAWA2402- Administration Building 236,455 307,026 125,855 181,171 BAWA2502- Condition Assessment 191,285 119,633 16,633 - BAWA2602- BAWA Main MCC3 225,000 225,000 1,330,000 BAWA2603- Sedimentation Basin Imp. 465,000 - 3,315,000 BAWA2604- PFAS Regulatory Treatment 550,000 BAWA2605- Chemical Feed System 54,000 54,000 350,000 BAWA2302 - Ground Storage Tank Rehabilitation 804,000 BAWA2606 - Alt. Water 300,000 - Total Expenditures 604,455 7,630,072 1,434,547 12,276,525 Excess (Deficit) Revenues Over Expenditures 3,852,415 (5,506,072) 704,761 (6,985,031) Working Capital - Beginning 2,427,855 6,280,270 6,280,270 6,985,031 Working Capital - Ending $6,280,270 $ 774,198 $6,985,031 $ - BAWA Debt Service For the year ending September 30, 2027 Debt service expenditures for FY2026-2027 are budgeted at approximately $9.55 million, which includes $5.36 million for existing BAWA Revenue Bond obligations and $4.18 million associated with the Texas Water Development Board (TWDB) SWIFT Program financing. These payments support the Authority's long-term infrastructure investments and continued system improvements while maintaining compliance with bond covenants and financing requirements. The FY2027 debt service budget reflects scheduled principal and interest payments for all outstanding bond series and the newly issued SWIFT financing for major capital improvement projects. Combined BAWA Debt, All Series Debt Requirements to Maturity 6000000 5000000 c . 4000000 R c 3000000 a Interest ■ Principal 2000000 1000000 0 Fiscal Year 95 BAYTOWN AREA WATER AUTHORITY REVENUE BONDS LONG TERM DEBT AMORTIZATION SCHEDULES Series 2012 8,315,000 2,190,000 335,000 73,169 408,169 1,855,000 Series 2018 22,040,000 17,700,000 1,000,000 789,650 1,789,650 16,700,000 Series 2019 17,315,000 12,565,000 785,000 401,450 1,186,450 11,780,000 Series 2024 21,525,000 19,570,000 1,000,000 978,500 1,978,500 18,570,000 $52,025,000 $ 3,120,000 $ 2,242,769 $ 5,362,769 $48,905,000 Combined BAWA Debt, All Series Debt Requirements to Maturity Fiscal Principal Total Total Year 5/01 Interest Requirement 000 2,242,769 .• 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 1,491,725 5,306,725 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 $52,025,000 $16,830,919 $68,855,919 .R r O IL Nw I.L J_ LQ r W L� r ,W V MD W Q W r X W Z n r O �o o 0 n • rI O • to 00 On CD C) .rn o . 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